Registration No. 333-
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM S-1
             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


                      AXA EQUITABLE LIFE INSURANCE COMPANY
             (Exact name of registrant as specified in its charter)


                                    NEW YORK
         (State or other jurisdiction of incorporation or organization)


                                   13-5570651
                      (I.R.S. Employer Identification No.)


              1290 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK 10104
                                 (212) 554-1234
               (Address, including zip code, and telephone number,
        including area code, of registrant's principal executive offices)


                                   DODIE KENT
                  VICE PRESIDENT AND ASSOCIATE GENERAL COUNSEL
                      AXA EQUITABLE LIFE INSURANCE COMPANY
              1290 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK 10104
                                 (212) 554-1234
           (Name, address, including zip code, and telephone number,
                   including area code, of agent for service)


                  Please send copies of all communications to:

                           CHRISTOPHER E. PALMER, ESQ.
                               GOODWIN PROCTER LLP
                            901 NEW YORK AVENUE, N.W.
                             WASHINGTON, D.C. 20001

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Approximate date of commencement of proposed sale to the public: As soon after
the effective date of this Registration Statement as is practicable.

If the only securities being registered on this Form are being offered pursuant
to dividend or interest reinvestment plans, please check the following box. [ ]

If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or interest
reinvestment plans, check the following box: [X]

If this Form is filed to register additional securities for an offering pursuant
to Rule 462(b) under the Securities Act, please check the following box and list
the Securities Act Registration statement number of the earlier effective
registration statement for the same offering. [ ]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under
the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]





                                      CALCULATION OF REGISTRATION FEE

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Title of each class                      Proposed maximum       Proposed maximum
of securities to be     Amount to be     offering price per     aggregate offering      Amount of
registered              registered       unit                   price                   registration fee
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Market value            $500,000,000(2)  (1)                    $500,000,000            $15,350(2)
Adjustment
Interests under
Flexible Premium
Annuity Contracts
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(1)  The securities are not issued in predetermined amounts or units.
(2)  Prior to the filing of this Registration Statement, $77,000,000 of
     securities of the registrant remained registered and unsold, pursuant to
     Registration Statement File No. 333-104713, which was filed with the
     Commission on April 23, 2003. The registration fee of $6,229.30 associated
     with the unsold securities has been offset from the registration fee of
     $15,350 associated with the securities registered pursuant to Rule 457(p)
     and such unsold securities are hereby deemed deregistered. A payment of
     $9,120.70, which accounts for the remainder of the registration fee, has
     been wired to Mellon Bank in Pittsburgh for deposit into the Commission's
     account.

The registrant hereby amends this Registration Statement under the Securities
Act of 1933 on such date or dates as may be necessary to delay its effective
date until the Registrant shall file a further amendment which specifically
states that this Registration Statement shall thereafter become effective in
accordance with Section 8(a) of the Securities Act of 1933 or until this
Registration Statement shall become effective on such date as the Commission,
acting pursuant to said Section 8(a), may determine.




                                EXPLANATORY NOTE

Registrant is filing this registration statement for the sole purpose of
registering additional market value adjustment interests under deferred variable
annuity contracts previously described in the prospectuses contained in this
registration statement and in certain other prospectuses that are contained in
Registrant's currently-effective Form S-3 registration statement (File No.
333-104713). In addition, Registrant is switching the registration from Form S-3
to S-1. Registrant incorporates herein by reference the prospectuses and any
supplements thereto, which remain unchanged, that have been filed in that
registration statement.





Accumulator(R)

A combination variable and fixed deferred annuity contract



PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains important
information that you should know before taking any action under your contract.
You should read the prospectuses for each Trust, which contain important
information about the portfolios.

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WHAT IS THE ACCUMULATOR(R)?

Accumulator(R) is a deferred annuity contract issued by AXA Equitable Life
Insurance Company. It provides for the accumulation of retirement savings and
for income. The contract offers income and death benefit protection. It also
offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options or fixed
maturity options ("investment options").



This contract is no longer available for new purchasers. This Prospectus is
designed for current contract owners.




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 Variable investment options
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o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/BlackRock Basic Value Equity*      o EQ/PIMCO Real Return
o EQ/BlackRock International Value*     o EQ/Short Duration Bond
o EQ/Boston Advisors Equity Income      o EQ/Small Cap Value+
o EQ/Calvert Socially Responsible       o EQ/Small Company Growth+
o EQ/Capital Guardian Growth            o EQ/Small Company Index
o EQ/Capital Guardian International+    o EQ/TCW Equity++
o EQ/Capital Guardian Research          o EQ/Templeton Growth
o EQ/Capital Guardian U.S. Equity++     o EQ/UBS Growth and Income
o EQ/Caywood-Scholl High Yield Bond     o EQ/Van Kampen Comstock
o EQ/Davis New York Venture             o EQ/Van Kampen Emerging Markets
o EQ/Equity 500 Index                     Equity
o EQ/Evergreen International Bond       o EQ/Van Kampen Mid Cap Growth
o EQ/Evergreen Omega                    o EQ/Wells Fargo Montgomery Small
o EQ/FI Mid Cap                           Cap++
o EQ/FI Mid Cap Value+                  o Multimanager Aggressive Equity*
o EQ/Franklin Income                    o Multimanager Core Bond*
o EQ/Franklin Small Cap Value           o Multimanager Health Care*
o EQ/Franklin Templeton Founding        o Multimanager High Yield*
  Strategy**                            o Multimanager International Equity*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Core Equity*
o EQ/GAMCO Small Company Value          o Multimanager Large Cap Growth*
o EQ/International Growth               o Multimanager Large Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Mid Cap Growth*
                                        o Multimanager Mid Cap Value*
                                        o Multimanager Technology*
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(1) The "AXA Allocation" portfolios.

*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 45 and
Separate Account No. 49. Each variable investment option, in turn, invests in a
corresponding securities portfolio ("portfolio") of the AXA Premier VIP Trust or
the EQ Advisors Trust (the "Trusts"). Your investment results in a variable
investment option will depend on the investment performance of the related
portfolio.

You may also allocate amounts to the fixed maturity options, which is discussed
later in this Prospectus.



TYPES OF CONTRACTS. Contracts were offered for use as:

o    A nonqualified annuity ("NQ") for after-tax contributions only.

o    An individual retirement annuity ("IRA"), either traditional IRA or Roth
     IRA.

We offer "Rollover IRA" and "Roth Conversion IRA."

o    An annuity that is an investment vehicle for a qualified defined
     contribution plan ("QP") (Rollover and direct transfer contributions only).

o    An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
     ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $5,000 was required to purchase an NQ, Rollover IRA,
Roth Conversion IRA, QP or Rollover TSA contract.



Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is a part of one of the registration
statements. The SAI is available free of charge. You may request one by writing
to our processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this prospectus.
This Prospectus and the SAI can also be obtained from the SEC's website at
www.sec.gov. The table of contents for the SAI appears at the back of this
Prospectus.

The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other agency.
They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of principal.

                                                                          X01472



                                                                     Oregon only



Contents of this Prospectus

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ACCUMULATOR(R)
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Index of key words and phrases                                               4
Who is AXA Equitable?                                                        5
How to reach us                                                              6
Accumulator(R) at a glance -- key features                                   8

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FEE TABLE                                                                   11
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Example                                                                     14
Condensed financial Information                                             19

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1. CONTRACT FEATURES AND BENEFITS                                           20
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How you can contribute to your contract                                     20
Owner and annuitant requirements                                            23
How you can make your contributions                                         23
What are your investment options under the contract?                        23
Portfolios of the Trusts                                                    24
Allocating your contributions                                               29
Your benefit base                                                           31
Annuity purchase factors                                                    31
Our baseBUILDER option                                                      31
Guaranteed minimum death benefit                                            33
Your right to cancel within a certain number of days                        34

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2. DETERMINING YOUR CONTRACT'S VALUE                                        35
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Your account value and cash value                                           35
Your contract's value in the variable investment options                    35
Your contract's value in the fixed maturity options                         35
Insufficient account value                                                  35

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3. TRANSFERRING YOUR MONEY AMONG
   INVESTMENT OPTIONS                                                       36
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Transferring your account value                                             36
Disruptive transfer activity                                                36
Rebalancing your account value                                              37

- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

2  Contents of this Prospectus



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4. ACCESSING YOUR MONEY                                                     38
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Withdrawing your account value                                              38
How withdrawals are taken from your account value                           39
How withdrawals affect your guaranteed minimum income benefit
     and guaranteed minimum death benefit                                   39
Loans under Rollover TSA contracts                                          40
Surrendering your contract to receive its cash value                        40
When to expect payments                                                     40
Your annuity payout options                                                 41

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5. CHARGES AND EXPENSES                                                     43
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Charges that AXA Equitable deducts                                          43
Charges that the Trusts deduct                                              44
Group or sponsored arrangements                                             45
Other distribution arrangements                                             45

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6. PAYMENT OF DEATH BENEFIT                                                 46
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Your beneficiary and payment of benefit                                     46
How death benefit payment is made                                           47
Beneficiary continuation option                                             47

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7. TAX INFORMATION                                                          49
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Overview                                                                    49
Contracts that fund a retirement arrangement                                49
Transfers among investment options                                          49
Taxation of nonqualified annuities                                          49
Individual retirement arrangements (IRAs)                                   51
Tax-sheltered annuity contracts (TSAs)                                      60
Federal and state income tax withholding and
     information reporting                                                  64
Special rules for contracts funding qualified plans                         65
Impact of taxes to AXA Equitable                                            65

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8. MORE INFORMATION                                                         66
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About Separate Account No. 45 and Separate Account No. 49                   66
About the Trusts                                                            66
About our fixed maturity options                                            66
About the general account                                                   67
About other methods of payment                                              68
Dates and prices at which contract events occur                             68
About your voting rights                                                    69
About legal proceedings                                                     69
Financial statements                                                        69
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          69
Distribution of the contracts                                               70

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9. INCORPORATION OF CERTAIN DOCUMENTS
     BY REFERENCE                                                           72
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APPENDICES
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I    -- Condensed financial information                                      A-1
II   -- Purchase considerations for QP contracts                             B-1
III  -- Market value adjustment example                                      C-1
IV   -- Guaranteed minimum death benefit example                             D-1
V    -- Hypothetical illustrations                                           E-1

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STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
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                                                  Contents of this Prospectus  3



Index of key words and phrases

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This index should help you locate more information on the terms used in this
Prospectus.


   Term                                                               Page in
                                                                    Prospectus

   5% Roll-Up to age 80                                                     33
   12 month dollar cost averaging                                           30
   account value                                                            35
   administrative charge                                                    43
   annual Ratchet to age 80                                                 33
   annuitant                                                                20
   annuitization                                                            41
   annuity maturity date                                                    42
   annuity payout options                                                   41
   annuity purchase factors                                                 31
   automatic investment program                                             68
   baseBUILDER                                                              31
   baseBUILDER Benefit charge                                               44
   beneficiary                                                              46
   Beneficiary Continuation Option ("BCO")                                  47
   benefit base                                                             31
   business day                                                             68
   cash value                                                               35
   charges for state premium and other applicable taxes                     44
   contract date                                                             9
   contract date anniversary                                                 9
   contract year                                                             9
   contributions to Roth IRAs                                               57
      regular contributions                                                 57
      rollover and direct transfers                                         57
      conversion contributions                                              58
   contributions to traditional IRAs                                        51
      regular contributions                                                 51
      rollovers and transfers                                               53
   disability, terminal illness or confinement
      to nursing home                                                       44
   disruptive transfer activity                                             36
   EQAccess                                                                  6
   ERISA                                                                    40
   fixed maturity options                                                   29
   free look                                                                34
   free withdrawal amount                                                   43
   general account                                                          67
   guaranteed minimum death benefit                                         32
   guaranteed minimum income benefit                                        31
   IRA                                                                   cover
   IRS                                                                   cover
   investment options                                                    cover
   lifetime required minimum distribution withdrawals                       39
   loan reserve account                                                     40
   loans under Rollover TSA contracts                                       40
   market adjusted amount                                                   29
   market value adjustment                                                  29
   market timing                                                            36
   maturity dates                                                           29
   maturity value                                                           29
   Mortality and expense risks charge                                       43
   NQ                                                                    cover
   partial withdrawals                                                      38
   portfolio                                                             cover
   principal assurance allocation                                           30
   processing office                                                         6
   Protection Plus(SM)                                                      34
   Protection Plus(SM) charge                                               44
   QP                                                                    cover
   rate to maturity                                                         29
   Rebalancing                                                              37
   Rollover IRA                                                          cover
   Rollover TSA                                                          cover
   Roth Conversion IRA                                                   cover
   Roth IRA                                                              cover
   SAI                                                                   cover
   SEC                                                                   cover
   self-directed allocation                                                 30
   Separate Account No. 45 and Separate Account No. 49                      66
   substantially equal withdrawals                                          38
   successor owner and annuitant                                            47
   systematic withdrawals                                                   38
   TOPS                                                                      6
   TSA                                                                   cover
   traditional IRA                                                       cover
   Trusts                                                                   66
   unit                                                                     35
   variable investment options                                              23
   wire transmittals and electronic applications                            68
   withdrawal charge                                                        43


To make this Prospectus easier to read, we sometimes use different words than in
the contract or supplemental materials. This is illustrated below. Although we
use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract.

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 Prospectus                      Contract or Supplemental Materials
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  fixed maturity options        Guarantee Periods (Guaranteed Fixed
                                Interest Accounts in supplemental materials)
  variable investment options   Investment Funds
  account value                 Annuity Account Value
  rate to maturity              Guaranteed Rates
  unit                          Accumulation Unit
  baseBUILDER                   Guaranteed Minimum Income Benefit
 ---------------------------------------------------------------------------

4 Index of key words and phrases



Who is AXA Equitable?

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We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and under
its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of AXA
Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under the
contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.



AXA Financial, Inc. and its consolidated subsidiaries managed approximately $795
billion in assets as of December 31, 2006. For more than 100 years AXA Equitable
has been among the largest insurance companies in the United States. We are
licensed to sell life insurance and annuities in all fifty states, the District
of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office is
located at 1290 Avenue of the Americas, New York, NY 10104.



                                                        Who is AXA Equitable?  5



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile service
may not be available at all times and/or we may be unavailable due to emergency
closing). In addition, the level and type of service available may be restricted
based on criteria established by us.

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 FOR CONTRIBUTIONS SENT BY REGULAR MAIL:
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Accumulator(R)
P.O. Box 13014
Newark, NJ 07188-0014

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 FOR CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
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Accumulator(R)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

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 FOR ALL OTHER COMMUNICATIONS (E.G., REQUESTS FOR
 TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
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Accumulator(R)
P.O. Box 1547
Secaucus, NJ 07096-1547
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 FOR ALL OTHER COMMUNICATIONS (E.G., REQUESTS FOR
 TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 EXPRESS DELIVERY:
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Accumulator(R)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094
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 REPORTS WE PROVIDE:
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o    written confirmation of financial transactions;

o    statement of your contract values at the close of each calendar year and
     any calendar quarter in which there was a financial transaction; and

o    annual statement of your contract values as of the close of the contract
     year, including notification of eligibility to exercise the guaranteed
     minimum income benefit, if applicable.

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 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o    your current account value;

o    your current allocation percentages;

o    the number of units you have in the variable investment options;

o    rates to maturity for the fixed maturity options;

o    the daily unit values for the variable investment options; and

o    performance information regarding the variable investment options (not
     available through TOPS).

You can also:

o    change your allocation percentages and/or transfer among the investment
     options;

o    elect to receive certain contract statements electronically;

o    change your address (not available through TOPS);

o    change your TOPS personal identification number ("PIN") (through TOPS only)
     and your EQAccess password (through EQAccess only);

o    access Frequently Asked Questions and Service Forms (not available through
     TOPS); and

o    change your EQAccess password (not available through TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond our
control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

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 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

6  Who is AXA Equitable?



(2)  conversion of a traditional IRA to a Roth Conversion IRA;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts;

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit; and

(14) death claims.

WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES OF
REQUESTS:

(1) address changes;

(2) beneficiary changes;

(3) transfers between investment options;

(4) contract surrender and withdrawal requests;

(5) general dollar cost averaging; and

(6) 12 month dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1) automatic investment program;

(2) general dollar cost averaging;

(3) rebalancing;

(4) 12 month dollar cost averaging;

(5) substantially equal withdrawals;

(6) systematic withdrawals and;

(7) the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:

The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners, all must sign.

                                                        Who is AXA Equitable?  7






Accumulator(R) at a glance -- key features

- ------------------------------------------------------------------------------------------------------------------------------------
                         
Professional investment     Accumulator(R)'s variable investment options invest in different portfolios managed by
management                  professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options      o  10 fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years
                               (subject to availability).

                            o  Each fixed maturity option offers a guarantee of principal and interest rate if you hold it
                               to maturity.
                            --------------------------------------------------------------------------------------------------------
                            If you make withdrawals or transfers from a fixed maturity option before maturity, there will
                            be a market value adjustment due to differences in interest rates. If you withdraw or transfer
                            only a portion of a fixed maturity amount, this may increase or decrease any value that you
                            have left in that fixed maturity option. If you surrender your contract, a market value
                            adjustment also applies.
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Tax considerations          o  No tax on earnings inside the contract until you make withdrawals from your contract or
                               receive annuity payments.

                            o  No tax on transfers among investment options inside the contract.
                            --------------------------------------------------------------------------------------------------------
                            Annuity contracts that were purchased as an Individual Retirement Annuity (IRA), Tax Sheltered
                            Annuity (TSA) or to fund an employer retirement plan (QP or Qualified Plan) do not provide tax
                            deferral benefits beyond those already provided by the Internal Revenue Code. Before you make
                            any additional contributions to this contract, you should consider its features and benefits
                            beyond tax deferral -- as well as its features, benefits and costs relative to any other
                            investment that you may have chosen in connection with your retirement plan or arrangement --
                            to determine whether it meets your needs and goals. Depending on your personal situation, the
                            contract's guaranteed benefits may have limited usefulness because of required minimum
                            distributions ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
baseBUILDER(R)              protection baseBUILDER combines a guaranteed minimum income benefit with a guaranteed minimum
                            death benefit provided under the contract. The guaranteed minimum income benefit provides
                            income protection for you during the annuitant's life once you elect to annuitize the contract.
                            The guaranteed minimum death benefit provides a death benefit for the beneficiary should the
                            annuitant die.
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts        o  Additional minimum:  $1,000 (NQ, QP and Rollover TSA contracts)
                                                    $100 monthly and $300 quarterly under our automatic investment program
                                                    (NQ contracts)
                                                    $50 (IRA contracts)

                            Maximum contribution limitations may apply. In general, contributions are limited to $1.5
                            million. Under all Accumulator(R) series contracts with the same owner or annuitant. We reserve
                            the right to limit aggregate contributions made after the first contract year to 150% of
                            first-year contributions.
- ------------------------------------------------------------------------------------------------------------------------------------
Access to your money        o  Partial withdrawals

                            o  Several withdrawal options on a periodic basis

                            o  Loans under Rollover TSA contracts

                            o  Contract surrender

                            You may incur a withdrawal charge for certain withdrawals or if you surrender your contract.
                            You may also incur income tax and a tax penalty. Certain withdrawals will diminish the value of
                            optional benefits.
- ------------------------------------------------------------------------------------------------------------------------------------
Payout alternative          o  Fixed annuity payout options

                            o  Variable Immediate Annuity payout options (described in a separate prospectus for that
                               option)

                            o  Income Manager(SM) payout options (described in a separate prospectus for that option)
- ------------------------------------------------------------------------------------------------------------------------------------



8 Accumulator(R) at a glance -- key features




                         

Additional features         o  Guaranteed minimum death benefit even if you do not elect baseBUILDER

                            o  Dollar cost averaging

                            o  Automatic investment program

                            o  Account value rebalancing (quarterly, semiannually and annually)

                            o  Free transfers

                            o  Waiver of withdrawal charge for disability, terminal illness or confinement to a nursing
                               home

                            o  Protection Plus(SM), an optional death benefit available under certain contracts (subject to
                               state availability)
- ------------------------------------------------------------------------------------------------------------------------------------
Fees and charges            o  Daily charges on amounts invested in variable investment options for mortality and expense
                               risks at a current annual rate of 1.35%.

                            o  Annual 0.30% benefit base charge for the optional baseBUILDER benefit until you exercise
                               your guaranteed minimum income benefit, elect another annuity payout or the contract date
                               anniversary after the annuitant reaches age 83, whichever occurs first. The annual benefit
                               base charge is 0.15% if the 5% Roll-Up to age 70, if available, is elected. The benefit base
                               is described under "Your benefit base" in "Contract features and benefits" later in this
                               Prospectus. If you do not elect baseBUILDER, you still receive a guaranteed minimum death
                               benefit under your contract at no additional charge.

                            o  An annual charge of 0.20% of the account value for the Protection Plus(SM) optional death
                               benefit.

                            o  No sales charge deducted at the time you make contributions. During the first seven contract
                               years following a contribution, a charge will be deducted from amounts that you withdraw
                               that exceed 15% of your account value. We use the account value at the beginning of each
                               contract year to calculate the 15% amount available. The charge begins at 7% in the first
                               contract year following a contribution. It declines by 1% each year to 1% in the seventh
                               contract year. There is no withdrawal charge in the eighth and later contract years
                               following a contribution.
                            --------------------------------------------------------------------------------------------------------
                            The "contract date" is the effective date of a contract. This usually is the business day we
                            received the properly completed and signed application, along with any other required
                            documents, and your initial contribution. Your contract date appears in your contract. The
                            12-month period beginning on your contract date and each 12-month period after that date is a
                            "contract year." The end of each 12-month period is your "contract date anniversary." For
                            example, if your contract date is May 1, your contract date anniversary is April 30.
                            --------------------------------------------------------------------------------------------------------
                            o We deduct a charge designed to approximate certain taxes that may be imposed on us, such as
                              premium taxes in your state. This charge is generally deducted from the amount applied to an
                              annuity payout option.

                            o We currently deduct a $350 annuity administrative fee from amounts applied to purchase the variable
                              immediate annuitization payout option. This option is described in a separate prospectus that is
                              available from your financial professional.

                            o Annual expenses of the Trusts' portfolios are calculated as a percentage of the average
                              daily net assets invested in each portfolio. Please see "Fee Table" later in this Prospectus
                              for details.
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant issue ages        NQ: 0-83
                            Rollover IRA, Roth Conversion IRA, and Rollover TSA: 20-83
                            QP: 20-75
- ------------------------------------------------------------------------------------------------------------------------------------


THE ABOVE IS NOT A COMPLETE DESCRIPTION OF ALL MATERIAL PROVISIONS OF THE
CONTRACT. IN SOME CASES, RESTRICTIONS OR EXCEPTIONS APPLY. ALSO, ALL FEATURES
OF THE CONTRACT ARE NOT NECESSARILY AVAILABLE IN YOUR STATE OR AT CERTAIN AGES.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions.

OTHER CONTRACTS


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.



                                    Accumulator(R) at a glance -- key features 9




You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


10 Accumulator(R) at a glance -- key features



Fee table

- --------------------------------------------------------------------------------
The following tables describe the fees and expenses that you pay when owning and
surrendering the contract. Each of the charges and expenses is more fully
described in "Charges and expenses" later in this Prospectus.



The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your cash
value to certain payout options or if you purchase a Variable Immediate Annuity
payout option. Charges designed to approximate certain taxes that may be imposed
on us, such as premium taxes in your state, may also apply.




- --------------------------------------------------------------------------------
Charges we deduct from your account value at the time you request certain
transactions
- --------------------------------------------------------------------------------
Maximum withdrawal charge as a percentage of contributions
with- drawn (deducted if you surrender your contract, make
certain withdrawals or apply your cash value to certain
payout options).(1)                                                7.00%

Charge if you elect a variable payout option upon
annuitization (which is described in a separate prospectus
for that option)                                                   $350
- --------------------------------------------------------------------------------

The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the underly- ing trust
portfolio fees and expenses.
- --------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual
percentage of daily net assets
- --------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                        1.10%
Administrative                                                     0.25%
                                                                   ----
Total Separate account annual expenses                             1.35%
- --------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect the optional
benefit
- --------------------------------------------------------------------------------
baseBUILDER benefit charge(2) (calculated as a percentage of
the applicable benefit base. Deducted annually on each
contract date anniversary for which the benefit is in
effect)                                                            0.30%
- --------------------------------------------------------------------------------
Protection Plus(SM) benefit charge (calculated as a
percentage of the account value. Deducted annually on each
contract date anniver- sary for which the benefit is in
effect)                                                            0.20%
- --------------------------------------------------------------------------------


                                                                    Fee table 11



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net asset
value each day. Therefore, they reduce the invest- ment return of the Portfolio
and the related variable investment option. Actual fees and expenses are likely
to fluctuate from year to year. More detail concerning each Portfolio's fees and
expenses is contained in the Trust prospectus for the Portfolio.




- -------------------------------------------------------------------------------------------------------
Portfolio operating expenses expressed as an annual percentage of daily net assets
- -------------------------------------------------------------------------------------------------------
                                                                                          
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted       Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or    ------     -------
other expenses)(3)                                                                   0.63%      3.15%



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.





- --------------------------------------------------------------------------------------
                                          Manage-                         Other
Portfolio Name                          ment Fees(4)   12b-1 Fees(5)    Expenses(6)
- --------------------------------------------------------------------------------------
                                                               
AXA Premier VIP Trust:
- --------------------------------------------------------------------------------------
AXA Aggressive Allocation               0.10%          0.25%            0.18%
AXA Conservative Allocation             0.10%          0.25%            0.22%
AXA Conservative-Plus Allocation        0.10%          0.25%            0.18%
AXA Moderate Allocation                 0.10%          0.25%            0.17%
AXA Moderate-Plus Allocation            0.10%          0.25%            0.17%
Multimanager Aggressive Equity *        0.61%          0.25%            0.19%
Multimanager Core Bond*                 0.59%          0.25%            0.18%
Multimanager Health Care*               1.20%          0.25%            0.23%
Multimanager High Yield*                0.58%          0.25%            0.18%
Multimanager International Equity*      1.02%          0.25%            0.26%
Multimanager Large Cap Core Equity*     0.90%          0.25%            0.20%
Multimanager Large Cap Growth*          0.90%          0.25%            0.22%
Multimanager Large Cap Value*           0.88%          0.25%            0.22%
Multimanager Mid Cap Growth*            1.10%          0.25%            0.20%
Multimanager Mid Cap Value*             1.10%          0.25%            0.21%
Multimanager Technology *               1.20%          0.25%            0.23%
- --------------------------------------------------------------------------------------
EQ Advisors Trust:
- --------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock       0.47%          0.25%            0.13%
EQ/AllianceBernstein Growth and
 Income++                               0.56%          0.25%            0.12%
EQ/AllianceBernstein Intermediate
 Government Securities                  0.50%          0.25%            0.14%
EQ/AllianceBernstein International      0.71%          0.25%            0.20%
EQ/AllianceBernstein Large Cap Growth   0.90%          0.25%            0.11%
EQ/AllianceBernstein Quality Bond       0.50%          0.25%            0.14%
EQ/AllianceBernstein Small Cap Growth   0.74%          0.25%            0.13%
EQ/AllianceBernstein Value              0.60%          0.25%            0.13%
EQ/Ariel Appreciation II                0.75%          0.25%            0.51%
EQ/BlackRock Basic Value Equity*        0.55%          0.25%            0.14%
EQ/BlackRock International Value*       0.82%          0.25%            0.21%
EQ/Boston Advisors Equity Income        0.75%          0.25%            0.15%
EQ/Calvert Socially Responsible         0.65%          0.25%            0.25%
EQ/Capital Guardian Growth              0.65%          0.25%            0.16%
EQ/Capital Guardian International+      0.83%          0.25%            0.21%
EQ/Capital Guardian Research            0.65%          0.25%            0.13%
EQ/Capital Guardian U.S. Equity++       0.64%          0.25%            0.14%
EQ/Caywood-Scholl High Yield Bond       0.60%          0.25%            0.18%
EQ/Davis New York Venture               0.85%          0.25%            0.74%
EQ/Equity 500 Index                     0.25%          0.25%            0.13%
EQ/Evergreen International Bond         0.70%          0.25%            0.23%
EQ/Evergreen Omega                      0.65%          0.25%            0.21%
EQ/FI Mid Cap                           0.68%          0.25%            0.15%
EQ/FI Mid Cap Value+                    0.73%          0.25%            0.13%
- --------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------
                                         Acquired
                                         Fund Fees       Total Annual
                                           and             Expenses      Fee Waivers        Net Total
                                         Expenses          (Before      and/or Expense   Annual Expenses
                                        (Underlying        Expense       Reimburse-     (After Expense
 Portfolio Name                         Portfolios)(7)   Limitations)      ments(8)       Limitations)
- ----------------------------------------------------------------------------------------------------------
                                                                             
 AXA Premier VIP Trust:
- ----------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation               0.91%            1.44%          (0.18)%          1.26%
AXA Conservative Allocation             0.67%            1.24%          (0.22)%          1.02%
AXA Conservative-Plus Allocation        0.72%            1.25%          (0.18)%          1.07%
AXA Moderate Allocation                 0.78%            1.30%          (0.17)%          1.13%
AXA Moderate-Plus Allocation            0.85%            1.37%          (0.17)%          1.20%
Multimanager Aggressive Equity *          --             1.05%             --            1.05%
Multimanager Core Bond*                   --             1.02%          (0.07)%          0.95%
Multimanager Health Care*                 --             1.68%           0.00%           1.68%
Multimanager High Yield*                  --             1.01%             --            1.01%
Multimanager International Equity*        --             1.53%           0.00%           1.53%
Multimanager Large Cap Core Equity*       --             1.35%           0.00%           1.35%
Multimanager Large Cap Growth*            --             1.37%          (0.02)%          1.35%
Multimanager Large Cap Value*             --             1.35%           0.00%           1.35%
Multimanager Mid Cap Growth*            0.01%            1.56%          (0.00)%          1.56%
Multimanager Mid Cap Value*             0.03%            1.59%          (0.00)%          1.59%
Multimanager Technology *                 --             1.68%           0.00%           1.68%
- ----------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock         --             0.85%             --            0.85%
EQ/AllianceBernstein Growth and
 Income++                                 --             0.93%             --            0.93%
EQ/AllianceBernstein Intermediate
 Government Securities                    --             0.89%             --            0.89%
EQ/AllianceBernstein International        --             1.16%          (0.06)%          1.10%
EQ/AllianceBernstein Large Cap Growth     --             1.26%          (0.21)%          1.05%
EQ/AllianceBernstein Quality Bond         --             0.89%             --            0.89%
EQ/AllianceBernstein Small Cap Growth     --             1.12%             --            1.12%
EQ/AllianceBernstein Value                --             0.98%          (0.03)%          0.95%
EQ/Ariel Appreciation II                  --             1.51%          (0.36)%          1.15%
EQ/BlackRock Basic Value Equity*          --             0.94%           0.00%           0.94%
EQ/BlackRock International Value*         --             1.28%          (0.03)%          1.25%
EQ/Boston Advisors Equity Income          --             1.15%          (0.10)%          1.05%
EQ/Calvert Socially Responsible           --             1.15%          (0.10)%          1.05%
EQ/Capital Guardian Growth                --             1.06%          (0.11)%          0.95%
EQ/Capital Guardian International+        --             1.29%          (0.09)%          1.20%
EQ/Capital Guardian Research              --             1.03%          (0.08)%          0.95%
EQ/Capital Guardian U.S. Equity++         --             1.03%          (0.08)%          0.95%
EQ/Caywood-Scholl High Yield Bond         --             1.03%          (0.03)%          1.00%
EQ/Davis New York Venture                 --             1.84%          (0.54)%          1.30%
EQ/Equity 500 Index                       --             0.63%             --            0.63%
EQ/Evergreen International Bond           --             1.18%          (0.03)%          1.15%
EQ/Evergreen Omega                        --             1.11%           0.00%           1.11%
EQ/FI Mid Cap                             --             1.08%          (0.08)%          1.00%
EQ/FI Mid Cap Value+                      --             1.11%          (0.01)%          1.10%
- ----------------------------------------------------------------------------------------------------------



12 Fee table






- --------------------------------------------------------------------------------------
                                          Manage-                         Other
Portfolio Name                          ment Fees(4)   12b-1 Fees(5)    Expenses(6)
- --------------------------------------------------------------------------------------
                                                               
EQ/Franklin Income                       0.90%          0.25%            0.38%
EQ/Franklin Small Cap Value              0.90%          0.25%            2.00%
EQ/Franklin Templeton Founding Strat-
 egy**                                   0.05%          0.25%            0.21%
EQ/GAMCO Mergers and Acquisitions        0.90%          0.25%            0.33%
EQ/GAMCO Small Company Value             0.78%          0.25%            0.14%
EQ/International Growth                  0.85%          0.25%            0.35%
EQ/Janus Large Cap Growth++              0.90%          0.25%            0.15%
EQ/JPMorgan Core Bond                    0.44%          0.25%            0.15%
EQ/JPMorgan Value Opportunities          0.60%          0.25%            0.16%
EQ/Legg Mason Value Equity               0.65%          0.25%            0.22%
EQ/Long Term Bond                        0.43%          0.25%            0.15%
EQ/Lord Abbett Growth and Income         0.65%          0.25%            0.26%
EQ/Lord Abbett Large Cap Core            0.65%          0.25%            0.41%
EQ/Lord Abbett Mid Cap Value             0.70%          0.25%            0.18%
EQ/Marsico Focus                         0.85%          0.25%            0.13%
EQ/MFS Emerging Growth Companies+        0.65%          0.25%            0.15%
EQ/MFS Investors Trust+                  0.60%          0.25%            0.16%
EQ/Money Market                          0.33%          0.25%            0.14%
EQ/Montag & Caldwell Growth              0.75%          0.25%            0.16%
EQ/Mutual Shares                         0.90%          0.25%            0.50%
EQ/Oppenheimer Global                    0.95%          0.25%            1.30%
EQ/Oppenheimer Main Street Opportunity   0.85%          0.25%            1.58%
EQ/Oppenheimer Main Street Small Cap     0.90%          0.25%            1.48%
EQ/PIMCO Real Return                     0.55%          0.25%            0.18%
EQ/Short Duration Bond                   0.43%          0.25%            0.14%
EQ/Small Cap Value+                      0.73%          0.25%            0.15%
EQ/Small Company Growth+                 1.00%          0.25%            0.17%
EQ/Small Company Index                   0.25%          0.25%            0.16%
EQ/TCW Equity++                          0.80%          0.25%            0.16%
EQ/Templeton Growth                      0.95%          0.25%            0.64%
EQ/UBS Growth and Income                 0.75%          0.25%            0.17%
EQ/Van Kampen Comstock                   0.65%          0.25%            0.19%
EQ/Van Kampen Emerging Markets Equity    1.12%          0.25%            0.40%
EQ/Van Kampen Mid Cap Growth             0.70%          0.25%            0.23%
EQ/Wells Fargo Montgomery Small Cap++    0.85%          0.25%            0.41%
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------
                                           Acquired
                                           Fund Fees     Total Annual
                                              and          Expenses       Fee Waivers       Net Total
                                           Expenses         (Before     and/or Expense   Annual Expenses
                                          (Underlying       Expense       Reimburse-     (After Expense
 Portfolio Name                         Portfolios)(7)   Limitations)      ments(8)       Limitations)
- --------------------------------------------------------------------------------------------------------
                                                                             
EQ/Franklin Income                         --             1.53%          (0.23)%          1.30%
EQ/Franklin Small Cap Value                --             3.15%          (1.85)%          1.30%
EQ/Franklin Templeton Founding Strat-
 egy**                                   1.07%            1.58%          (0.11)%          1.47%
EQ/GAMCO Mergers and Acquisitions          --             1.48%          (0.03)%          1.45%
EQ/GAMCO Small Company Value               --             1.17%           0.00%           1.17%
EQ/International Growth                    --             1.45%           0.00%           1.45%
EQ/Janus Large Cap Growth++                --             1.30%          (0.15)%          1.15%
EQ/JPMorgan Core Bond                      --             0.84%           0.00%           0.84%
EQ/JPMorgan Value Opportunities            --             1.01%          (0.06)%          0.95%
EQ/Legg Mason Value Equity                 --             1.12%          (0.12)%          1.00%
EQ/Long Term Bond                          --             0.83%           0.00%           0.83%
EQ/Lord Abbett Growth and Income           --             1.16%          (0.16)%          1.00%
EQ/Lord Abbett Large Cap Core              --             1.31%          (0.31)%          1.00%
EQ/Lord Abbett Mid Cap Value               --             1.13%          (0.08)%          1.05%
EQ/Marsico Focus                           --             1.23%          (0.08)%          1.15%
EQ/MFS Emerging Growth Companies+          --             1.05%             --            1.05%
EQ/MFS Investors Trust+                    --             1.01%          (0.06)%          0.95%
EQ/Money Market                            --             0.72%             --            0.72%
EQ/Montag & Caldwell Growth                --             1.16%          (0.01)%          1.15%
EQ/Mutual Shares                           --             1.65%          (0.35)%          1.30%
EQ/Oppenheimer Global                    0.01%            2.51%          (1.15)%          1.36%
EQ/Oppenheimer Main Street Opportunity     --             2.68%          (1.38)%          1.30%
EQ/Oppenheimer Main Street Small Cap       --             2.63%          (1.33)%          1.30%
EQ/PIMCO Real Return                       --             0.98%          (0.08)%          0.90%
EQ/Short Duration Bond                     --             0.82%           0.00%           0.82%
EQ/Small Cap Value+                        --             1.13%          (0.03)%          1.10%
EQ/Small Company Growth+                   --             1.42%          (0.12)%          1.30%
EQ/Small Company Index                   0.01%            0.67%           0.00%           0.67%
EQ/TCW Equity++                            --             1.21%          (0.06)%          1.15%
EQ/Templeton Growth                        --             1.84%          (0.49)%          1.35%
EQ/UBS Growth and Income                   --             1.17%          (0.12)%          1.05%
EQ/Van Kampen Comstock                     --             1.09%          (0.09)%          1.00%
EQ/Van Kampen Emerging Markets Equity      --             1.77%           0.00%           1.77%
EQ/Van Kampen Mid Cap Growth               --             1.18%          (0.13)%          1.05%
EQ/Wells Fargo Montgomery Small Cap++      --             1.51%          (0.21)%          1.30%
- --------------------------------------------------------------------------------------------------------





*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "About the Portfolios of the Trusts" later in this Prospectus for the
   investment option's former name.
** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.
+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.
++ Please see the supplement included with this Prospectus regarding the planned
   merger of this Portfolio.

Notes:


(1)  Deducted upon a withdrawal of amounts in excess of the 15% free withdrawal
     amount, if applicable:


                                                                                        
    The withdrawal charge percentage we use is determined by the contract year in which    Contract
    you make the withdrawal or surrender your contract. For each contribution, we con-     Year
    sider the contract year in which we receive that contribution to be "contract year 1") 1 ..............................7.00%
                                                                                           2 ..............................6.00%
                                                                                           3 ..............................5.00%
                                                                                           4 ..............................4.00%
                                                                                           5 ..............................3.00%
                                                                                           6 ..............................2.00%
                                                                                           7 ..............................1.00%
                                                                                           8+..............................0.00%


(2)  The baseBUILDER benefit charge is 0.15% if the 5% Roll-Up to age 70 was
     elected.


(3)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.


(4)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (8) for any expense
     limitation agreement information.

(5)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940. For the portfolios of AXA Premier
     VIP Trust and EQ Advisors Trust, the 12b-1 fees will not be increased for
     the life of the contract.


(6)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (8) for any expense limitation agreement
     information.


                                                                    Fee table 13





(7)  Each of these variable investment options invest in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios (the "underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocation as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.




(8)  The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. See the
     prospectus for each applicable underlying Trust for more information about
     the arrangements. In addition, a portion of the brokerage commissions of
     certain portfolios of AXA Premier VIP Trust and EQ Advisors Trust is used
     to reduce the applicable Portfolio's expenses. If the above table reflected
     both the expense limitation arrangements, plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:



- -------------------------------------------------
 Portfolio Name
- -------------------------------------------------
   Multimanager Aggressive Equity           1.03%
   Multimanager Health Care                 1.63%
   Multimanager International Equity        1.52%
   Multimanager Large Cap Core Equity       1.33%
   Multimanager Large Cap Growth            1.33%
   Multimanager Large Cap Value             1.31%
   Multimanager Mid Cap Growth              1.52%
   Multimanager Mid Cap Value               1.58%
   Multimanager Technology                  1.64%
   EQ/AllianceBernstein Common Stock        0.83%
   EQ/AllianceBernstein Growth and Income   0.92%
   EQ/AllianceBernstein Large Cap Growth    1.03%
   EQ/AllianceBernstein Small Cap Growth    1.11%
   EQ/AllianceBernstein Value               0.94%
   EQ/Ariel Appreciation II                 1.01%
   EQ/BlackRock Basic Value Equity          0.93%
   EQ/Capital Guardian Growth               0.94%
   EQ/Capital Guardian Research             0.94%
   EQ/Capital Guardian U.S. Equity          0.94%
   EQ/Davis New York Venture                1.27%
   EQ/Evergreen Omega                       1.05%
   EQ/FI Mid Cap                            0.97%
   EQ/FI Mid Cap Value                      1.09%
   EQ/GAMCO Mergers and Acquisitions        1.37%
   EQ/GAMCO Small Company Value             1.16%
   EQ/Janus Large Cap Growth                1.14%
   EQ/Legg Mason Value Equity               0.97%
   EQ/Lord Abbett Growth and Income         0.99%
   EQ/Lord Abbett Large Cap Core            0.99%
   EQ/Marsico Focus                         1.14%
   EQ/MFS Emerging Growth Companies         1.03%
   EQ/MFS Investors Trust                   0.94%
   EQ/Montag & Caldwell Growth              1.13%
   EQ/Mutual Shares                         1.30%
   EQ/Small Cap Value                       1.02%
   EQ/UBS Growth and Income                 1.03%
   EQ/Van Kampen Comstock                   0.99%
   EQ/Van Kampen Emerging Markets Equity    1.75%
   EQ/Van Kampen Mid Cap Growth             1.01%
   EQ/Wells Fargo Montgomery Small Cap      1.20%


EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).

The example below shows the expenses that a hypothetical contract owner, who has
elected baseBUILDER and Protection Plus(SM) would pay in the situations
illustrated. Since the Protection Plus(SM) feature only applies under certain
contracts, expenses would be lower for contracts that do not have Protection
Plus(SM).

14 Fee table



The fixed maturity options and the 12 month dollar cost averaging program are
not covered by the example. However, the withdrawal charge, the charge for any
optional benefits and the charge if you elect a Variable Immediate Annuity
payout option do apply to the fixed maturity options. A market value adjustment
(up or down) may apply as a result of a withdrawal, transfer, or surrender of
amounts from a fixed maturity option.

The example assumes that you invest $10,000 in the contract for the time periods
indicated and that your investment has a 5% return each year. The example also
assumes maximum contract charges and total annual expenses of the portfolios
(before expense limitations) set forth in the previous charts. This example
should not be considered a representation of past or future expenses for each
option. Actual expenses may be greater or less than those shown. Similarly, the
annual rate of return assumed in the example is not an estimate or guarantee of
future investment performance. Although your actual costs may be higher or
lower, based on these assumptions, your costs would be:

                                                                    Fee table 15







- ----------------------------------------------------------------------------------------------------------
                                                   If you surrender your contract at the end of the
                                                                applicable time period
- ----------------------------------------------------------------------------------------------------------
                                                   1 year        3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------------------
                                                                               
 AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 1,045.00     $ 1,556.00     $ 2,093.00     $ 3,759.00
AXA Conservative Allocation                   $ 1,024.00     $ 1,494.00     $ 1,991.00     $ 3,564.00
AXA Conservative-Plus Allocation              $ 1,026.00     $ 1,497.00     $ 1,996.00     $ 3,574.00
AXA Moderate Allocation                       $ 1,031.00     $ 1,512.00     $ 2,021.00     $ 3,623.00
AXA Moderate-Plus Allocation                  $ 1,038.00     $ 1,534.00     $ 2,057.00     $ 3,691.00
Multimanager Aggressive Equity*               $ 1,005.00     $ 1,434.00     $ 1,893.00     $ 3,376.00
Multimanager Core Bond*                       $ 1,001.00     $ 1,425.00     $ 1,878.00     $ 3,346.00
Multimanager Health Care*                     $ 1,071.00     $ 1,630.00     $ 2,214.00     $ 3,987.00
Multimanager High Yield*                      $ 1,000.00     $ 1,422.00     $ 1,873.00     $ 3,335.00
Multimanager International Equity*            $ 1,055.00     $ 1,584.00     $ 2,138.00     $ 3,845.00
Multimanager Large Cap Core Equity*           $ 1,036.00     $ 1,528.00     $ 2,047.00     $ 3,672.00
Multimanager Large Cap Growth*                $ 1,038.00     $ 1,534.00     $ 2,057.00     $ 3,691.00
Multimanager Large Cap Value*                 $ 1,036.00     $ 1,528.00     $ 2,047.00     $ 3,672.00
Multimanager Mid Cap Growth*                  $ 1,058.00     $ 1,593.00     $ 2,153.00     $ 3,873.00
Multimanager Mid Cap Value*                   $ 1,061.00     $ 1,602.00     $ 2,169.00     $ 3,902.00
Multimanager Technology*                      $ 1,071.00     $ 1,630.00     $ 2,214.00     $ 3,987.00
- ----------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $   983.00     $ 1,372.00     $ 1,790.00     $ 3,173.00
EQ/AllianceBernstein Growth and Income++      $   992.00     $ 1,397.00     $ 1,831.00     $ 3,255.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $   988.00     $ 1,384.00     $ 1,810.00     $ 3,214.00
EQ/AllianceBernstein International            $ 1,016.00     $ 1,469.00     $ 1,950.00     $ 3,485.00
EQ/AllianceBernstein Large Cap Growth         $ 1,027.00     $ 1,500.00     $ 2,001.00     $ 3,584.00
EQ/AllianceBernstein Quality Bond             $   988.00     $ 1,384.00     $ 1,810.00     $ 3,214.00
EQ/AllianceBernstein Small Cap Growth         $ 1,012.00     $ 1,456.00     $ 1,929.00     $ 3,446.00
EQ/AllianceBernstein Value                    $   997.00     $ 1,413.00     $ 1,857.00     $ 3,305.00
EQ/Ariel Appreciation II                      $ 1,053.00     $ 1,577.00     $ 2,128.00     $ 3,826.00
EQ/BlackRock Basic Value Equity*              $   993.00     $ 1,400.00     $ 1,836.00     $ 3,265.00
EQ/BlackRock International Value*             $ 1,029.00     $ 1,506.00     $ 2,011.00     $ 3,603.00
EQ/Boston Advisors Equity Income              $ 1,015.00     $ 1,466.00     $ 1,945.00     $ 3,475.00
EQ/Calvert Socially Responsible               $ 1,015.00     $ 1,466.00     $ 1,945.00     $ 3,475.00
EQ/Capital Guardian Growth                    $ 1,006.00     $ 1,438.00     $ 1,898.00     $ 3,386.00
EQ/Capital Guardian International+            $ 1,030.00     $ 1,509.00     $ 2,016.00     $ 3,613.00
EQ/Capital Guardian Research                  $ 1,002.00     $ 1,428.00     $ 1,883.00     $ 3,356.00
EQ/Capital Guardian U.S. Equity++             $ 1,002.00     $ 1,428.00     $ 1,883.00     $ 3,356.00
EQ/Caywood-Scholl High Yield Bond             $ 1,002.00     $ 1,428.00     $ 1,883.00     $ 3,356.00
EQ/Davis New York Venture                     $ 1,087.00     $ 1,679.00     $ 2,294.00     $ 4,136.00
EQ/Equity 500 Index                           $   960.00     $ 1,303.00     $ 1,675.00     $ 2,946.00
EQ/Evergreen International Bond               $ 1,018.00     $ 1,475.00     $ 1,960.00     $ 3,505.00
EQ/Evergreen Omega                            $ 1,011.00     $ 1,453.00     $ 1,924.00     $ 3,436.00
EQ/FI Mid Cap                                 $ 1,008.00     $ 1,444.00     $ 1,909.00     $ 3,406.00
- ----------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------
                                                If you annuitize at the end of the applicable time
                                              period and select a non-life contingent period certain
                                                     annuity option with less than five years
- -----------------------------------------------------------------------------------------------------
                                                1 year      3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------
                                                                          
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                       N/A     $ 1,556.00     $ 2,093.00     $ 3,759.00
AXA Conservative Allocation                     N/A     $ 1,494.00     $ 1,991.00     $ 3,564.00
AXA Conservative-Plus Allocation                N/A     $ 1,497.00     $ 1,996.00     $ 3,574.00
AXA Moderate Allocation                         N/A     $ 1,512.00     $ 2,021.00     $ 3,623.00
AXA Moderate-Plus Allocation                    N/A     $ 1,534.00     $ 2,057.00     $ 3,691.00
Multimanager Aggressive Equity*                 N/A     $ 1,434.00     $ 1,893.00     $ 3,376.00
Multimanager Core Bond*                         N/A     $ 1,425.00     $ 1,878.00     $ 3,346.00
Multimanager Health Care*                       N/A     $ 1,630.00     $ 2,214.00     $ 3,987.00
Multimanager High Yield*                        N/A     $ 1,422.00     $ 1,873.00     $ 3,335.00
Multimanager International Equity*              N/A     $ 1,584.00     $ 2,138.00     $ 3,845.00
Multimanager Large Cap Core Equity*             N/A     $ 1,528.00     $ 2,047.00     $ 3,672.00
Multimanager Large Cap Growth*                  N/A     $ 1,534.00     $ 2,057.00     $ 3,691.00
Multimanager Large Cap Value*                   N/A     $ 1,528.00     $ 2,047.00     $ 3,672.00
Multimanager Mid Cap Growth*                    N/A     $ 1,593.00     $ 2,153.00     $ 3,873.00
Multimanager Mid Cap Value*                     N/A     $ 1,602.00     $ 2,169.00     $ 3,902.00
Multimanager Technology*                        N/A     $ 1,630.00     $ 2,214.00     $ 3,987.00
- -----------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 1,372.00     $ 1,790.00     $ 3,173.00
EQ/AllianceBernstein Growth and Income++        N/A     $ 1,397.00     $ 1,831.00     $ 3,255.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     N/A     $ 1,384.00     $ 1,810.00     $ 3,214.00
EQ/AllianceBernstein International              N/A     $ 1,469.00     $ 1,950.00     $ 3,485.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 1,500.00     $ 2,001.00     $ 3,584.00
EQ/AllianceBernstein Quality Bond               N/A     $ 1,384.00     $ 1,810.00     $ 3,214.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 1,456.00     $ 1,929.00     $ 3,446.00
EQ/AllianceBernstein Value                      N/A     $ 1,413.00     $ 1,857.00     $ 3,305.00
EQ/Ariel Appreciation II                        N/A     $ 1,577.00     $ 2,128.00     $ 3,826.00
EQ/BlackRock Basic Value Equity*                N/A     $ 1,400.00     $ 1,836.00     $ 3,265.00
EQ/BlackRock International Value*               N/A     $ 1,506.00     $ 2,011.00     $ 3,603.00
EQ/Boston Advisors Equity Income                N/A     $ 1,466.00     $ 1,945.00     $ 3,475.00
EQ/Calvert Socially Responsible                 N/A     $ 1,466.00     $ 1,945.00     $ 3,475.00
EQ/Capital Guardian Growth                      N/A     $ 1,438.00     $ 1,898.00     $ 3,386.00
EQ/Capital Guardian International+              N/A     $ 1,509.00     $ 2,016.00     $ 3,613.00
EQ/Capital Guardian Research                    N/A     $ 1,428.00     $ 1,883.00     $ 3,356.00
EQ/Capital Guardian U.S. Equity++               N/A     $ 1,428.00     $ 1,883.00     $ 3,356.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 1,428.00     $ 1,883.00     $ 3,356.00
EQ/Davis New York Venture                       N/A     $ 1,679.00     $ 2,294.00     $ 4,136.00
EQ/Equity 500 Index                             N/A     $ 1,303.00     $ 1,675.00     $ 2,946.00
EQ/Evergreen International Bond                 N/A     $ 1,475.00     $ 1,960.00     $ 3,505.00
EQ/Evergreen Omega                              N/A     $ 1,453.00     $ 1,924.00     $ 3,436.00
EQ/FI Mid Cap                                   N/A     $ 1,444.00     $ 1,909.00     $ 3,406.00
- -----------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------
                                                             If you do not surrender
                                                           your contract at the end of
                                                           the applicable time period
- ------------------------------------------------------------------------------------------------------
                                               1 year       3   years         5 years       10 years
- ------------------------------------------------------------------------------------------------------
                                                                                
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 345.00     $ 1,056.00        $ 1,793.00     $ 3,759.00
AXA Conservative Allocation                   $ 324.00     $   994.00        $ 1,691.00     $ 3,564.00
AXA Conservative-Plus Allocation              $ 326.00     $   997.00        $ 1,696.00     $ 3,574.00
AXA Moderate Allocation                       $ 331.00     $ 1,012.00        $ 1,721.00     $ 3,623.00
AXA Moderate-Plus Allocation                  $ 338.00     $ 1,034.00        $ 1,757.00     $ 3,691.00
Multimanager Aggressive Equity*               $ 304.00     $   934.00        $ 1,593.00     $ 3,376.00
Multimanager Core Bond*                       $ 301.00     $   925.00        $ 1,578.00     $ 3,346.00
Multimanager Health Care*                     $ 371.00     $ 1,130.00        $ 1,914.00     $ 3,987.00
Multimanager High Yield*                      $ 300.00     $   922.00        $ 1,573.00     $ 3,335.00
Multimanager International Equity*            $ 355.00     $ 1,084.00        $ 1,838.00     $ 3,845.00
Multimanager Large Cap Core Equity*           $ 336.00     $ 1,028.00        $ 1,747.00     $ 3,672.00
Multimanager Large Cap Growth*                $ 338.00     $ 1,034.00        $ 1,757.00     $ 3,691.00
Multimanager Large Cap Value*                 $ 336.00     $ 1,028.00        $ 1,747.00     $ 3,672.00
Multimanager Mid Cap Growth*                  $ 358.00     $ 1,093.00        $ 1,853.00     $ 3,873.00
Multimanager Mid Cap Value*                   $ 361.00     $ 1,102.00        $ 1,869.00     $ 3,902.00
Multimanager Technology*                      $ 371.00     $ 1,130.00        $ 1,914.00     $ 3,987.00
- ------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 283.00     $   872.00        $ 1,490.00     $ 3,173.00
EQ/AllianceBernstein Growth and Income++      $ 292.00     $   897.00        $ 1,531.00     $ 3,255.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 288.00     $   884.00        $ 1,510.00     $ 3,214.00
EQ/AllianceBernstein International            $ 316.00     $   969.00        $ 1,650.00     $ 3,485.00
EQ/AllianceBernstein Large Cap Growth         $ 327.00     $ 1,000.00        $ 1,701.00     $ 3,584.00
EQ/AllianceBernstein Quality Bond             $ 288.00     $   884.00        $ 1,510.00     $ 3,214.00
EQ/AllianceBernstein Small Cap Growth         $ 312.00     $   956.00        $ 1,629.00     $ 3,446.00
EQ/AllianceBernstein Value                    $ 297.00     $   913.00        $ 1,557.00     $ 3,305.00
EQ/Ariel Appreciation II                      $ 353.00     $ 1,077.00        $ 1,828.00     $ 3,826.00
EQ/BlackRock Basic Value Equity*              $ 293.00     $   900.00        $ 1,536.00     $ 3,265.00
EQ/BlackRock International Value*             $ 329.00     $ 1,006.00        $ 1,711.00     $ 3,603.00
EQ/Boston Advisors Equity Income              $ 315.00     $   966.00        $ 1,645.00     $ 3,475.00
EQ/Calvert Socially Responsible               $ 315.00     $   966.00        $ 1,645.00     $ 3,475.00
EQ/Capital Guardian Growth                    $ 306.00     $   938.00        $ 1,598.00     $ 3,386.00
EQ/Capital Guardian International+            $ 330.00     $ 1,009.00        $ 1,716.00     $ 3,613.00
EQ/Capital Guardian Research                  $ 302.00     $   928.00        $ 1,583.00     $ 3,356.00
EQ/Capital Guardian U.S. Equity++             $ 302.00     $   928.00        $ 1,583.00     $ 3,356.00
EQ/Caywood-Scholl High Yield Bond             $ 302.00     $   928.00        $ 1,583.00     $ 3,356.00
EQ/Davis New York Venture                     $ 387.00     $ 1,179.00        $ 1,994.00     $ 4,136.00
EQ/Equity 500 Index                           $ 260.00     $   803.00        $ 1,375.00     $ 2,946.00
EQ/Evergreen International Bond               $ 318.00     $   975.00        $ 1,660.00     $ 3,505.00
EQ/Evergreen Omega                            $ 311.00     $   953.00        $ 1,624.00     $ 3,436.00
EQ/FI Mid Cap                                 $ 308.00     $   944.00        $ 1,609.00     $ 3,406.00
- ------------------------------------------------------------------------------------------------------



16 Fee table







- ----------------------------------------------------------------------------------------------------------
                                                     If you surrender your contract at the end of the
                                                                 applicable time period
- ----------------------------------------------------------------------------------------------------------
                                                    1 year        3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------------------
                                                                                   
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value+                              $ 1,011.00     $ 1,453.00     $ 1,924.00     $ 3,436.00
EQ/Franklin Income                                $ 1,055.00     $ 1,584.00     $ 2,138.00     $ 3,845.00
EQ/Franklin Small Cap Value                       $ 1,225.00     $ 2,076.00     $ 2,928.00     $ 5,265.00
EQ/Franklin Templeton Founding Strategy**         $ 1,060.00     $ 1,599.00     $ 2,164.00     $ 3,892.00
EQ/GAMCO Mergers and Acquisitions                 $ 1,050.00     $ 1,568.00     $ 2,113.00     $ 3,797.00
EQ/GAMCO Small Company Value                      $ 1,017.00     $ 1,472.00     $ 1,955.00     $ 3,495.00
EQ/International Growth                           $ 1,047.00     $ 1,559.00     $ 2,098.00     $ 3,768.00
EQ/Janus Large Cap Growth++                       $ 1,031.00     $ 1,512.00     $ 2,021.00     $ 3,623.00
EQ/JPMorgan Core Bond                             $   982.00     $ 1,369.00     $ 1,784.00     $ 3,163.00
EQ/JPMorgan Value Opportunities                   $ 1,000.00     $ 1,422.00     $ 1,873.00     $ 3,335.00
EQ/Legg Mason Value Equity                        $ 1,012.00     $ 1,456.00     $ 1,929.00     $ 3,446.00
EQ/Long Term Bond                                 $   981.00     $ 1,365.00     $ 1,779.00     $ 3,153.00
EQ/Lord Abbett Growth and Income                  $ 1,016.00     $ 1,469.00     $ 1,950.00     $ 3,485.00
EQ/Lord Abbett Large Cap Core                     $ 1,032.00     $ 1,515.00     $ 2,027.00     $ 3,633.00
EQ/Lord Abbett Mid Cap Value                      $ 1,013.00     $ 1,459.00     $ 1,934.00     $ 3,455.00
EQ/Marsico Focus                                  $ 1,023.00     $ 1,491.00     $ 1,986.00     $ 3,554.00
EQ/MFS Emerging Growth Companies+                 $ 1,005.00     $ 1,434.00     $ 1,893.00     $ 3,376.00
EQ/MFS Investors Trust+                           $ 1,000.00     $ 1,422.00     $ 1,873.00     $ 3,335.00
EQ/Money Market                                   $   970.00     $ 1,331.00     $ 1,722.00     $ 3,039.00
EQ/Montag & Caldwell Growth                       $ 1,016.00     $ 1,469.00     $ 1,950.00     $ 3,485.00
EQ/Mutual Shares                                  $ 1,068.00     $ 1,621.00     $ 2,199.00     $ 3,958.00
EQ/Oppenheimer Global                             $ 1,158.00     $ 1,884.00     $ 2,623.00     $ 4,733.00
EQ/Oppenheimer Main Street Opportunity            $ 1,176.00     $ 1,935.00     $ 2,705.00     $ 4,878.00
EQ/Oppenheimer Main Street Small Cap              $ 1,170.00     $ 1,920.00     $ 2,681.00     $ 4,835.00
EQ/PIMCO Real Return                              $   997.00     $ 1,413.00     $ 1,857.00     $ 3,305.00
EQ/Short Duration Bond                            $   980.00     $ 1,362.00     $ 1,774.00     $ 3,143.00
EQ/Small Cap Value+                               $ 1,013.00     $ 1,459.00     $ 1,934.00     $ 3,455.00
EQ/Small Company Growth+                          $ 1,043.00     $ 1,550.00     $ 2,083.00     $ 3,739.00
EQ/Small Company Index                            $   965.00     $ 1,315.00     $ 1,696.00     $ 2,988.00
EQ/TCW Equity++                                   $ 1,021.00     $ 1,484.00     $ 1,975.00     $ 3,535.00
EQ/Templeton Growth                               $ 1,087.00     $ 1,679.00     $ 2,294.00     $ 4,136.00
EQ/UBS Growth and Income                          $ 1,017.00     $ 1,472.00     $ 1,955.00     $ 3,495.00
EQ/Van Kampen Comstock                            $ 1,009.00     $ 1,447.00     $ 1,914.00     $ 3,416.00
EQ/Van Kampen Emerging Markets Equity             $ 1,080.00     $ 1,658.00     $ 2,259.00     $ 4,071.00
EQ/Van Kampen Mid Cap Growth                      $ 1,018.00     $ 1,475.00     $ 1,960.00     $ 3,505.00
EQ/Wells Fargo Montgomery Small Cap++             $ 1,053.00     $ 1,577.00     $ 2,128.00     $ 3,826.00
- ----------------------------------------------------------------------------------------------------------


- ---------------------------------------------------------------------------------------------------
                                             If you annuitize at the end of the applicable time
                                           period and select a non-life contingent period certain
                                                  annuity option with less than five years
- ---------------------------------------------------------------------------------------------------
                                            1 year    3 years        5 years        10 years
- ---------------------------------------------------------------------------------------------------
                                                                        
 EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value+                          N/A     $ 1,453.00     $ 1,924.00     $ 3,436.00
EQ/Franklin Income                            N/A     $ 1,584.00     $ 2,138.00     $ 3,845.00
EQ/Franklin Small Cap Value                   N/A     $ 2,076.00     $ 2,928.00     $ 5,265.00
EQ/Franklin Templeton Founding Strategy**     N/A     $ 1,599.00     $ 2,164.00     $ 3,892.00
EQ/GAMCO Mergers and Acquisitions             N/A     $ 1,568.00     $ 2,113.00     $ 3,797.00
EQ/GAMCO Small Company Value                  N/A     $ 1,472.00     $ 1,955.00     $ 3,495.00
EQ/International Growth                       N/A     $ 1,559.00     $ 2,098.00     $ 3,768.00
EQ/Janus Large Cap Growth++                   N/A     $ 1,512.00     $ 2,021.00     $ 3,623.00
EQ/JPMorgan Core Bond                         N/A     $ 1,369.00     $ 1,784.00     $ 3,163.00
EQ/JPMorgan Value Opportunities               N/A     $ 1,422.00     $ 1,873.00     $ 3,335.00
EQ/Legg Mason Value Equity                    N/A     $ 1,456.00     $ 1,929.00     $ 3,446.00
EQ/Long Term Bond                             N/A     $ 1,365.00     $ 1,779.00     $ 3,153.00
EQ/Lord Abbett Growth and Income              N/A     $ 1,469.00     $ 1,950.00     $ 3,485.00
EQ/Lord Abbett Large Cap Core                 N/A     $ 1,515.00     $ 2,027.00     $ 3,633.00
EQ/Lord Abbett Mid Cap Value                  N/A     $ 1,459.00     $ 1,934.00     $ 3,455.00
EQ/Marsico Focus                              N/A     $ 1,491.00     $ 1,986.00     $ 3,554.00
EQ/MFS Emerging Growth Companies+             N/A     $ 1,434.00     $ 1,893.00     $ 3,376.00
EQ/MFS Investors Trust+                       N/A     $ 1,422.00     $ 1,873.00     $ 3,335.00
EQ/Money Market                               N/A     $ 1,331.00     $ 1,722.00     $ 3,039.00
EQ/Montag & Caldwell Growth                   N/A     $ 1,469.00     $ 1,950.00     $ 3,485.00
EQ/Mutual Shares                              N/A     $ 1,621.00     $ 2,199.00     $ 3,958.00
EQ/Oppenheimer Global                         N/A     $ 1,884.00     $ 2,623.00     $ 4,733.00
EQ/Oppenheimer Main Street Opportunity        N/A     $ 1,935.00     $ 2,705.00     $ 4,878.00
EQ/Oppenheimer Main Street Small Cap          N/A     $ 1,920.00     $ 2,681.00     $ 4,835.00
EQ/PIMCO Real Return                          N/A     $ 1,413.00     $ 1,857.00     $ 3,305.00
EQ/Short Duration Bond                        N/A     $ 1,362.00     $ 1,774.00     $ 3,143.00
EQ/Small Cap Value+                           N/A     $ 1,459.00     $ 1,934.00     $ 3,455.00
EQ/Small Company Growth+                      N/A     $ 1,550.00     $ 2,083.00     $ 3,739.00
EQ/Small Company Index                        N/A     $ 1,315.00     $ 1,696.00     $ 2,988.00
EQ/TCW Equity++                               N/A     $ 1,484.00     $ 1,975.00     $ 3,535.00
EQ/Templeton Growth                           N/A     $ 1,679.00     $ 2,294.00     $ 4,136.00
EQ/UBS Growth and Income                      N/A     $ 1,472.00     $ 1,955.00     $ 3,495.00
EQ/Van Kampen Comstock                        N/A     $ 1,447.00     $ 1,914.00     $ 3,416.00
EQ/Van Kampen Emerging Markets Equity         N/A     $ 1,658.00     $ 2,259.00     $ 4,071.00
EQ/Van Kampen Mid Cap Growth                  N/A     $ 1,475.00     $ 1,960.00     $ 3,505.00
EQ/Wells Fargo Montgomery Small Cap++         N/A     $ 1,577.00     $ 2,128.00     $ 3,826.00
- ---------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------
                                                            If you do not surrender
                                                          your contract at the end of
                                                          the applicable time period
- -----------------------------------------------------------------------------------------------------
                                               1 year       3 years         5 years       10 years
- -----------------------------------------------------------------------------------------------------
                                                                             
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value+                          $ 311.00     $   953.00     $ 1,624.00     $ 3,436.00
EQ/Franklin Income                            $ 355.00     $ 1,084.00     $ 1,838.00     $ 3,845.00
EQ/Franklin Small Cap Value                   $ 525.00     $ 1,576.00     $ 2,628.00     $ 5,265.00
EQ/Franklin Templeton Founding Strategy**     $ 360.00     $ 1,099.00     $ 1,864.00     $ 3,892.00
EQ/GAMCO Mergers and Acquisitions             $ 350.00     $ 1,068.00     $ 1,813.00     $ 3,797.00
EQ/GAMCO Small Company Value                  $ 317.00     $   972.00     $ 1,655.00     $ 3,495.00
EQ/International Growth                       $ 347.00     $ 1,059.00     $ 1,798.00     $ 3,768.00
EQ/Janus Large Cap Growth++                   $ 331.00     $ 1,012.00     $ 1,721.00     $ 3,623.00
EQ/JPMorgan Core Bond                         $ 282.00     $   869.00     $ 1,484.00     $ 3,163.00
EQ/JPMorgan Value Opportunities               $ 300.00     $   922.00     $ 1,573.00     $ 3,335.00
EQ/Legg Mason Value Equity                    $ 312.00     $   956.00     $ 1,629.00     $ 3,446.00
EQ/Long Term Bond                             $ 281.00     $   865.00     $ 1,479.00     $ 3,153.00
EQ/Lord Abbett Growth and Income              $ 316.00     $   969.00     $ 1,650.00     $ 3,485.00
EQ/Lord Abbett Large Cap Core                 $ 332.00     $ 1,015.00     $ 1,727.00     $ 3,633.00
EQ/Lord Abbett Mid Cap Value                  $ 313.00     $   959.00     $ 1,634.00     $ 3,455.00
EQ/Marsico Focus                              $ 323.00     $   991.00     $ 1,686.00     $ 3,554.00
EQ/MFS Emerging Growth Companies+             $ 304.00     $   934.00     $ 1,593.00     $ 3,376.00
EQ/MFS Investors Trust+                       $ 300.00     $   922.00     $ 1,573.00     $ 3,335.00
EQ/Money Market                               $ 270.00     $   831.00     $ 1,422.00     $ 3,039.00
EQ/Montag & Caldwell Growth                   $ 316.00     $   969.00     $ 1,650.00     $ 3,485.00
EQ/Mutual Shares                              $ 368.00     $ 1,121.00     $ 1,899.00     $ 3,958.00
EQ/Oppenheimer Global                         $ 458.00     $ 1,384.00     $ 2,323.00     $ 4,733.00
EQ/Oppenheimer Main Street Opportunity        $ 476.00     $ 1,435.00     $ 2,405.00     $ 4,878.00
EQ/Oppenheimer Main Street Small Cap          $ 470.00     $ 1,420.00     $ 2,381.00     $ 4,835.00
EQ/PIMCO Real Return                          $ 297.00     $   913.00     $ 1,557.00     $ 3,305.00
EQ/Short Duration Bond                        $ 280.00     $   862.00     $ 1,474.00     $ 3,143.00
EQ/Small Cap Value+                           $ 313.00     $   959.00     $ 1,634.00     $ 3,455.00
EQ/Small Company Growth+                      $ 343.00     $ 1,050.00     $ 1,783.00     $ 3,739.00
EQ/Small Company Index                        $ 265.00     $   815.00     $ 1,396.00     $ 2,988.00
EQ/TCW Equity++                               $ 321.00     $   984.00     $ 1,675.00     $ 3,535.00
EQ/Templeton Growth                           $ 387.00     $ 1,179.00     $ 1,994.00     $ 4,136.00
EQ/UBS Growth and Income                      $ 317.00     $   972.00     $ 1,655.00     $ 3,495.00
EQ/Van Kampen Comstock                        $ 309.00     $   947.00     $ 1,614.00     $ 3,416.00
EQ/Van Kampen Emerging Markets Equity         $ 380.00     $ 1,158.00     $ 1,959.00     $ 4,071.00
EQ/Van Kampen Mid Cap Growth                  $ 318.00     $   975.00     $ 1,660.00     $ 3,505.00
EQ/Wells Fargo Montgomery Small Cap++         $ 353.00     $ 1,077.00     $ 1,828.00     $ 3,826.00
- -----------------------------------------------------------------------------------------------------



                                                                    Fee table 17




*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "About the Portfolios of the Trusts" later in this Prospectus for the
   investment option's former name.
** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.
+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.
++ Please see the supplement included with this Prospectus regarding the planned
   merger of this Portfolio.
For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


18 Fee table



CONDENSED FINANCIAL INFORMATION



Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.



                                                                    Fee table 19



1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN CONTRIBUTE TO YOUR CONTRACT
The following table summarizes our rules regarding contributions to your
contract. All ages in the table refer to the age of the annuitant named in the
contract. Initial contribution amounts are provided for informational purposes
only. This contract is no longer available to new purchasers.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may also refuse to accept any contribution if the sum of all
contributions under all AXA Equitable annuity accumulation contracts that you
own would then total more than $2,500,000.

- --------------------------------------------------------------------------------
The "annuitant" is the person who is the measuring life for determining contract
benefits. The annuitant is not necessarily the contract owner.
- --------------------------------------------------------------------------------





- --------------------------------------------------------------------------------------------------------------------------------
                  Annuitant       Minimum
 Contract type   issue ages      contributions                Source of contributions          Limitations on contributions
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                   
NQ               0 through 83    o  $1,000 (additional)      o  After-tax money.               o  No additional contributions
                                                                                                  may be made after attain-
                                 o  $100 monthly and $300    o  Paid to us by check or            ment of age 84, or, if later,
                                    quarterly under our         transfer of contract value in     the first contract date anni-
                                    auto- matic investment      a tax-deferred exchange           versary.
                                    program (additional)        under Section 1035 of the
                                                                Internal Revenue Code.
- --------------------------------------------------------------------------------------------------------------------------------
Rollover IRA     20 through 83   o  $50 (additional)         o  Eligible rollover distribu-    o  No additional contributions
                                                                tions from TSA contracts or       may be made after attain-
                                                                other 403(b) arrangements,        ment of age 84, or, if later,
                                                                qualified plans, and govern-      the first contract date
                                                                mental employer 457(b)            anniversary.
                                                                plans.
                                                                                               o  Contributions after age 70-1/2
                                                             o  Rollovers from another            must be net of required
                                                                traditional individual retire-    minimum distributions.
                                                                ment arrangement.
                                                                                               o  Although we accept regular
                                                             o  Direct custodian-to-              IRA contributions (limited to
                                                                custodian transfers from          $4,000 for 2007 and
                                                                another traditional indi-         $5,000 for 2008) under
                                                                vidual retirement                 rollover IRA contracts, we
                                                                arrangement.                      intend that this contract be
                                                                                                  used primarily for rollover
                                                             o  Regular IRA contributions.        and direct transfer contribu-
                                                                                                  tions.
                                                             o  Additional "catch-up"
                                                                contributions.                 o  Additional catch-up contri-
                                                                                                  butions of up to $1,000 can be
                                                                                                  made where the owner is at
                                                                                                  least age 50 but under age
                                                                                                  70-1/2 at any time during the
                                                                                                  calendar year for which the
                                                                                                  contribution is made.
- --------------------------------------------------------------------------------------------------------------------------------



20 Contract features and benefits







- --------------------------------------------------------------------------------------------------------------------------------
                  Annuitant       Minimum
 Contract type   issue ages      contributions                Source of contributions          Limitations on contributions
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                   
Roth Conversion   20 through 83   o  $50 (additional)     o  Rollovers from another        o  No additional contributions
IRA                                                          Roth IRA.                        may be made after attain-
                                                                                              ment of age 84, or, if later,
                                                          o  Rollovers from a "desig-         the first contract date
                                                             nated Roth contribution          anniversary.
                                                             account" under a 401(k)
                                                             plan or 403(b)                o  Conversion rollovers after
                                                             arrangement.                     age 70-1/2 must be net of
                                                                                              required minimum distribu-
                                                          o  Conversion rollovers from a      tions for the traditional IRA
                                                             traditional IRA.                 you are rolling over.

                                                          o  Direct transfers from         o  You cannot roll over funds
                                                             another Roth IRA.                from a traditional IRA if your
                                                                                              adjusted gross income is
                                                          o  Regular Roth IRA                 $100,000 or more.
                                                             contributions.
                                                                                           o  Although we accept regular
                                                          o  Additional catch-up contri-      Roth IRA contributions (lim-
                                                             butions.                         ited to $4,000 for 2007 and
                                                                                              $5,000 for 2008) under Roth
                                                                                              IRA contracts, we intend that
                                                                                              this contract be used
                                                                                              primarily for rollover and
                                                                                              direct transfer contributions.

                                                                                           o  Additional catch-up contri-
                                                                                              butions of up to $1,000 can be
                                                                                              made where the owner is at
                                                                                              least age 50 at any time
                                                                                              during the calendar year for
                                                                                              which the contribution is
                                                                                              made.
- ----------------------------------------------------------------------------------------------------------------------------
Rollover TSA      20 through 83   o  $1,000 (additional)  o  Direct transfers of pre-tax   o  No additional contributions
                                                             funds from another contract      may be made after attain-
                                                             or arrangement under Sec-        ment of age 84, or, if later,
                                                             tion 403(b) of the Internal      the first contract date
                                                             Revenue Code, complying          anniversary.
                                                             with IRS Revenue Ruling
                                                             90-24.                        o  Rollover or direct transfer
                                                                                              contributions after age 70-1/2
                                                          o  Eligible rollover distribu-      must be net of any required
                                                             tions of pre-tax funds from      minimum distributions.
                                                             other 403(b) plans, quali-
                                                             fied plans. Subsequent        o  We do not accept employer-
                                                             contributions may also be        remitted contributions.
                                                             rollovers from, governmen-
                                                             tal employer 457(b) plans
                                                             and Traditional IRAs.
- ----------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 21






- ----------------------------------------------------------------------------------------------------------------------------
                   Annuitant       Minimum
 Contract type    issue ages      contributions            Source of contributions         Limitations on contributions
- ----------------------------------------------------------------------------------------------------------------------------
                                                                              
QP                20 through 75   o  $1,000 (additional)  o  Only transfer contributions   o  A separate QP contract must
                                                             from other investments           be established for each plan
                                                             within an existing defined       participant.
                                                             contribution qualified plan
                                                             trust.                        o  We do not accept regular
                                                                                              ongoing payroll contribu-
                                                          o  The plan must be qualified       tions, or any other
                                                             under Section 401(a) of the      contributions from the
                                                             Internal Revenue Code.           employer.

                                                          o  For 401(k) plans, trans-      o  Only one additional transfer
                                                             ferred contributions may         contribution may be made
                                                             not include any after-tax        during a contract year.
                                                             contributions, including
                                                             designated Roth contribu-     o  No additional transfer con-
                                                             tions.                           tributions may be made after
                                                                                              attainment of age 76, or, if
                                                                                              later, the first contract date
                                                                                              anniversary.

                                                                                           o  Contributions after age 70-1/2
                                                                                              must be net of any required
                                                                                              minimum distributions.

                                                                                           o  We do not accept contribu-
                                                                                              tions from defined benefit
                                                                                              plans.

See Appendix II at the end of this Prospectus for a discussion of purchase considerations of QP contracts.
- ----------------------------------------------------------------------------------------------------------------------------



See "Tax information" later in this Prospectus for a more detailed discussion of
sources of contributions and certain contribution limitations.

For information on when contributions are credited under your contract see
"Dates and prices at which contract events occur" in "More information" later in
this Prospectus.

22 Contract features and benefits



OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. A joint owner
may also be named. Only natural persons can be joint owners. This means that an
entity such as a corporation cannot be a joint owner. In general, we will not
permit a contract to be owned by a minor unless it is pursuant to the Uniform
Gift to Minors Act or the Uniform Transfers to Minors Act in your state.


If you purchased this contract to fund a charitable remainder trust, the
Guaranteed minimum income benefit, generally, was not available to you. Subject
to our rules, the baseBUILDER benefit may have been available. Charitable
remainder trusts are required to take specific distributions. The charitable
remainder trust annual withdrawal requirement may be equal to a percentage of
the donated amount or a percentage of the current value of the donated amount.
If your Accumulator(R) contract is the only source for such distributions, the
payments you need to take may significantly reduce the value of your guaranteed
benefits. See the discussion of these benefits later in this section.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply contributions
made pursuant to a Section 1035 tax-free exchange or a direct transfer. We do
not accept third-party checks endorsed to us except for rollover contributions,
tax-free exchanges or trustee checks that involve no refund. All checks are
subject to our ability to collect the funds. We reserve the right to reject a
payment if it is received in an unacceptable form.

For your convenience, we will accept contributions by wire transmittal from
certain broker-dealers who have agreements with us for this purpose, including
circumstances under which such contributions are considered received by us when
your order is taken by such broker-dealers. Additional contributions may also be
made under our automatic investment program. If any information is missing or
unclear, we will hold the contribution, whether received via check or wire, in a
non-interest bearing suspense account while we try to obtain this information.
These methods of payment are discussed in detail in "More information" later in
this Prospectus.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

You can choose from among the variable investment options and the fixed maturity
options.

VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.

                                              Contract features and benefits  23



PORTFOLIOS OF THE TRUSTS



You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
contract. These portfolios may even have the same manager(s) and/or a similar
name. However, there are numerous factors that can contribute to differences in
performance between two investments, particularly over short periods of time.
Such factors include the timing of stock purchases and sales; differences in
fund cash flows; and specific strategies employed by the portfolio manager.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for inclusion
in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC, an
affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject to
conflicts of interest insofar as AXA Equitable may derive greater revenues from
the AXA Allocation Portfolios than certain other portfolios available to you
under your contract. In addition, the AXA Allocation Portfolios may enable AXA
Equitable to more efficiently manage AXA Equitable's financial risks associated
with certain guaranteed features including those optional benefits that restrict
allocations to the AXA Allocation Portfolios. Please see "Allocating your
contributions" in "Contract features and benefits" for more information about
your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the Trusts
and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.






- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                      o  AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                      o  AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a         o  AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.   o  AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,   o  AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                               o  AllianceBernstein L.P.
 EQUITY(1)                                                                               o  ClearBridge Advisors, LLC
                                                                                         o  Legg Mason Capital Management, Inc.
                                                                                         o  Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital     o  BlackRock Financial Management, Inc.
                              appreciation, consistent with a prudent level of risk.     o  Pacific Investment Management Company
                                                                                            LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                               o  A I M Capital Management, Inc.
                                                                                         o  RCM Capital Management LLC
                                                                                         o  Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current         o  Pacific Investment Management Company
                              income and capital appreciation.                              LLC
                                                                                         o  Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                               o  AllianceBernstein L.P.
   EQUITY(5)                                                                             o  JPMorgan Investment Management Inc.
                                                                                         o  Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------



24 Contract features and benefits






- ---------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                 Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                              applicable)
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o  AllianceBernstein L.P.
 CORE EQUITY(6)                                                                       o  Janus Capital Management LLC
                                                                                      o  Thornburg Investment Management, Inc.
- ---------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o  RCM Capital Management LLC
 GROWTH(7)                                                                            o  TCW Investment Management Company
                                                                                      o  T. Rowe Price Associates, Inc.
- ---------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o  AllianceBernstein L.P.
 VALUE(8)                                                                             o  Institutional Capital LLC
                                                                                      o  MFS Investment Management
- ---------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o  AllianceBernstein L.P.
 GROWTH(9)                                                                            o  Franklin Advisers, Inc.
                                                                                      o  Provident Investment Counsel, Inc.
- ---------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o  AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                            o  TCW Investment Management Company
                                                                                      o  Wellington Management Company, LLP
- ---------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                           o  Firsthand Capital Management, Inc.
                                                                                      o  RCM Capital Management LLC
                                                                                      o  Wellington Management Company, LLP
- ---------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                              applicable)
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.          o  AllianceBernstein L.P.
 MON STOCK
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                  o  AllianceBernstein L.P.
 AND INCOME++
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with   o  AllianceBernstein
 L.P. MEDIATE GOVERNMENT       relative stability of principal.
 SECURITIES
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.          o  AllianceBernstein L.P.
 NATIONAL
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.          o  AllianceBernstein L.P.
 CAP GROWTH
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent with   o  AllianceBernstein L.P.
 BOND                          moderate risk to capital.
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.          o  AllianceBernstein L.P.
 CAP GROWTH
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                            o  AllianceBernstein L.P.
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                  o  Ariel Capital Management, LLC
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK BASIC VALUE       Seeks capital appreciation and secondarily, income.    o  BlackRock Investment Management, LLC
 EQUITY(12)
- ---------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                          Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                   applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
EQ/BLACKROCK INTERNATIONAL     Seeks to provide current income and long-term growth        o  BlackRock Investment Management
 of VALUE(13)                  income, accompanied by growth of capital.                      International Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY      Seeks a combination of growth and income to achieve an      o  Boston Advisors, LLC
 INCOME                        above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY            Seeks long-term capital appreciation.                       o  Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                               o  Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH     Seeks long-term growth of capital.                          o  Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN            To achieve long-term growth of capital.                     o  Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN            Seeks to achieve long-term growth of capital.               o  Capital Guardian Trust Company
 RESEARCH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.       Seeks to achieve long-term growth of capital.               o  Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH         Seeks to maximize current income.                           o  Caywood-Scholl Capital Management
 YIELD BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE      Seeks long-term growth of capital.                          o  Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX            Seeks a total return before expenses that approximates      o  AllianceBernstein L.P.
                               the total return performance of the S&P 500 Index,
                               including reinvestment of dividends, at a risk
                               level consistent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL     Seeks capital growth and current income.                    o  Evergreen Investment Management
 BOND                                                                                         Company, LLC
                                                                                           o  First International Fund Advisors (dba
                                                                                              "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA             Seeks long-term capital growth.                             o  Evergreen Investment Management
                                                                                              Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                  Seeks long-term growth of capital.                          o  Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+           Seeks long-term capital appreciation.                       o  Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME             Seeks to maximize income while maintaining prospects        o  Franklin Advisers, Inc.
                               for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE    Seeks long-term total return.                               o  Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON          Primarily seeks capital appreciation and secondarily seeks  o  AXA Equitable
 FOUNDING STRATEGY(**)         income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND           Seeks to achieve capital appreciation.                      o  GAMCO Asset Management Inc.
 ACQUISITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY         Seeks to maximize capital appreciation.                     o  GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH        Seeks to achieve capital appreciation.                      o  MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++    Seeks long-term growth of capital.                          o  Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent with mod-   o  JPMorgan Investment Management Inc.
                               erate risk to capital and maintenance of liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------



26 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/JPMORGAN VALUE              Long-term capital appreciation.                            o  JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                         o  Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation          o  BlackRock Financial Management, Inc.
                               through investment in long-maturity debt obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without          o  Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with reason-     o  Lord, Abbett & Co. LLC
 CORE                          able risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                      o  Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                         o  Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.                 o  MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary         o  MFS Investment Management
                               objective to seek reasonable current income. For purposes
                               of this Portfolio, the words "reasonable current income"
                               mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve   o  The Dreyfus Corporation
                               its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.                     o  Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally be      o  Franklin Mutual Advisers,
                               short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.                                o  OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.                      o  OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.                                o  OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation     o  Pacific Investment Management Company,
                               of real capital and prudent investment management.            LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of            o  BlackRock Financial Management, Inc.
                               principal.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.                                o  Lazard Asset Management LLC

                                                                                          o  Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.                     o  Bear Stearns Asset Management Inc.
                                                                                          o  Eagle Asset Management, Inc.
                                                                                          o  Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the      o  AllianceBernstein L.P.
                               deduction of portfolio expenses) the total return
                               of the Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.           o  TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH            Seeks long-term capital growth.                            o  Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 27






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/UBS GROWTH AND INCOME       Seeks to achieve total return through capital              o  UBS Global Asset Management
                               appreciation with income as a secondary consideration.        (Americas) Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK         Capital growth and income.                                 o  Morgan Stanley Investment
                                                                                             Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING         Seeks long-term capital appreciation.                      o  Morgan Stanley Investment
 MARKETS EQUITY                                                                              Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP          Capital growth.                                            o  Morgan Stanley Investment
 GROWTH                                                                                      Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY      Seeks long-term capital appreciation.                      o  Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.

- ------------------------------------------------------
 FN          Portfolio Name until May 29, 2007
- ------------------------------------------------------
(1)          AXA Premier VIP Aggressive Equity
- ------------------------------------------------------
(2)          AXA Premier VIP Core Bond
- ------------------------------------------------------
(3)          AXA Premier VIP Health Care
- ------------------------------------------------------
(4)          AXA Premier VIP High Yield
- ------------------------------------------------------
(5)          AXA Premier VIP International Equity
- ------------------------------------------------------
(6)          AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------
(7)          AXA Premier VIP Large Cap Growth
- ------------------------------------------------------
(8)          AXA Premier VIP Large Cap Value
- ------------------------------------------------------
(9)          AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------
(10)         AXA Premier VIP Mid Cap Value
- ------------------------------------------------------
(11)         AXA Premier VIP Technology
- ------------------------------------------------------
(12)         EQ/Mercury Basic Value Equity
- ------------------------------------------------------
(13)         EQ/Mercury International Value
- ------------------------------------------------------

** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this prospectus for more information.

++ Please see the supplement included with this Prospectus regarding the planned
   merger of this Portfolio.

You should consider the investment objectives, risks and charges and expenses of
the Portfolios carefully before investing. The prospectuses for the Trusts
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may call
one of our customer service representatives at 1-800-789-7771.


28 Contract features and benefits



FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied: (i) the fixed maturity option's
maturity date is within the current calendar year; or (ii) the rate to maturity
is 3%. This means that, at any given time, we may not offer fixed maturity
options with all ten possible maturity dates. You can allocate your
contributions to one or more of these fixed maturity options. These amounts
become part of a non-unitized Separate Account. They will accumulate interest at
the "rate to maturity" for each fixed maturity option. The total amount you
allocate to and accumulate in each fixed maturity option is called the "fixed
maturity amount." The fixed maturity options are not available in all states.
Check with your financial professional to see if fixed maturity options are
available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options generally range from one to ten years to maturity.
- --------------------------------------------------------------------------------

The rate to maturity you will receive for each fixed maturity option is the rate
to maturity in effect for new contributions allocated to that fixed maturity
option on the date we apply your contribution.

On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."


FIXED MATURITY OPTIONS AND MATURITY DATES. We currently offer fixed maturity
options ending on February 15th for each of the maturity years 2008 through
2017. Not all of these fixed maturity options will be available for annuitant
ages 76 and older. See "Allocating your contributions" below. As fixed maturity
options expire, we expect to add maturity years so that generally 10 fixed
maturity options are available at any time.


YOUR CHOICES AT THE MATURITY DATE. We will notify you on or before December 31st
of the year before each of your fixed maturity options is scheduled to mature.
At that time, you may choose to have one of the following take place on the
maturity date, as long as none of the restrictive conditions listed above or in
"Allocating your contributions," below would apply:

(a)  transfer the maturity value into another available fixed maturity option or
     into any of the variable investment options; or

(b)  withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the next
available fixed maturity option with the earliest maturity date. As of February
15, 2007 the next available maturity date was February 15, 2008.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract, or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a fixed
maturity option are used to purchase any annuity payment option prior to the
maturity date and may apply on payment of a death benefit. The market value
adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount applied
to an annuity payout option will reflect the application of any applicable
market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:


(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate to maturity in effect at that time for new
     allocations to that same fixed maturity option, and

(b)  the length of time remaining until the maturity date.

If fixed maturity options interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity options interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the fixed
maturity option's maturity date. Therefore, it is possible that the market value
adjustment could greatly reduce your value in the fixed maturity options,
particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ALLOCATING YOUR CONTRIBUTIONS


You may choose from among three ways to allocate your contributions under your
contract: self-directed, principal assurance (at contract issue only), or dollar
cost averaging. We allocate subsequent contributions according to instructions
on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an investment
advisory account, and AXA Equitable is not providing any investment advice or
managing the allocations under your contract. In the absence of a specific
written arrangement to the contrary, you, as the owner of the contract, have the
sole authority to make investment allocations and other decisions under the
contract. If your financial


                                              Contract features and benefits  29




professional is with AXA Advisors, he or she is acting as a broker-dealer
registered representative, and is not authorized to act as an investment advisor
or to manage the allocations under your contract. If your financial professional
is a registered representative with a broker-dealer other than AXA Advisors, you
should speak with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options and fixed maturity options. Allocations must be in whole
percentages and you may change your allocations at any time. The total of your
allocations must equal 100%. If the annuitant is age 76 or older, you may
allocate contributions to fixed maturity options if their maturities are five
years or less. Also, you may not allocate amounts to fixed maturity options with
maturity dates that are later than the February 15th immediately following the
date annuity payments are to begin.

PRINCIPAL ASSURANCE ALLOCATION


Principal assurance allocation is only available at contract issue. If you chose
this allocation program, you selected a fixed maturity option. We specified a
portion of your initial contribution and allocated it to that fixed maturity
option in an amount that will cause the maturity value to equal the amount of
your entire initial contribution on the fixed maturity option's maturity date.
The maturity date you selected generally could not be later than 10 years, or
earlier than 7 years from your contract date. If you were to make any
withdrawals or transfers from the fixed maturity option before the option's
maturity date, the amount in the fixed maturity option will be adjusted and may
no longer grow to equal your initial contribution under the principal assurance
allocation. Principal assurance was not available if none of those maturity
dates were available at the time your contract was issued. You allocated the
remainder of your initial contribution to the variable investment options
however you chose.

For example, if your initial contribution is $10,000, and on February 15, 2007
you chose the fixed maturity option with a maturity date of February 15, 2017
since the rate to maturity was 4.29% on February 15, 2007, we would have
allocated $6,568 to that fixed maturity option and the balance to your choice of
variable investment options. On the maturity date your value in the fixed
maturity option would be $10,000.


The principal assurance allocation was only available for annuitant ages 75 or
younger when the contract was issued. If you anticipated taking required minimum
distributions, you should have considered whether your values in the variable
investment options would be sufficient to meet your required minimum
distributions. See "Tax information" later in this Prospectus.

You could not have elected principal assurance if you participated in the 12
month dollar cost averaging program at application.

DOLLAR COST AVERAGING

We offer two dollar cost averaging programs. You may only participate in one
program at a time. Each program allows you to gradually allocate amounts to the
variable investment options by periodically transferring approximately the same
dollar amount to the variable investment options you select. This will cause you
to purchase more units if the unit value is low and fewer units if the unit
value is high. Therefore, you may get a lower average cost per unit over the
long term. These plans of investing, however, do not guarantee that you will
earn a profit or be protected against losses. You may not make transfers to the
fixed maturity options.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

12 MONTH DOLLAR COST AVERAGING PROGRAM. You may dollar cost average from the
EQ/Money Market option into any of the other variable investment options. You
may elect to participate in the 12 month dollar cost averaging program at any
time subject to the age limitation on contributions described in Section 1 of
this Prospectus. Contributions into the account for 12 month dollar cost
averaging may not be transfers from other investment options. You must have
allocated your entire initial contribution into the EQ/Money Market option if
you selected the 12 month dollar cost averaging program at application to
purchase an Accumulator(R) contract; thereafter initial allocations to any new
12 month dollar cost averaging program time period must be at least $2,000 and
any subsequent contribution to that same time period must be at least $250. You
may only have one time period in effect at any time. We will transfer your value
in the EQ/Money Market option into the other variable investment options that
you select over the next 12 months or such other period we may offer. Once the
time period then in effect has run, you may then select to participate in the
dollar cost averaging program for an additional time period. At that time, you
may also select a different allocation for transfers to the variable investment
options, or, if you wish, we will continue to use the selection that you have
previously made.

Currently, the transfer date will be the same day of the month as the contract
date, but not later than the 28th. For a 12 month dollar cost averaging program
selected after application, the first transfer date and each subsequent transfer
date for the time period selected will be one month from the date the first
contribution is made into the 12 month dollar cost averaging program, but not
later than the 28th of the month. All amounts will be transferred out by the end
of the time period then in effect. Under this program we will not deduct the
mortality and expense risks, administrative, and distribution charges from
assets in the EQ/Money Market option.

You may not transfer amounts to the EQ/Money Market option established for this
program that are not part of the 12 month dollar cost averaging program. The
only amounts that should be transferred from the EQ/Money Market option are your
regularly scheduled transfers to the other variable investment options. If you
request to transfer or withdraw any other amounts from the EQ/Money Market
option, we will transfer all of the value that you have remaining in the account
for 12 month dollar cost averaging to the investment options according to the
allocation percentages we have on file for you. You may ask us to cancel your
participation at any time.

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value

30  Contract features and benefits



transferred from that option to the other variable investment options. You can
select to have transfers made on a monthly, quarterly, or annual basis. The
transfer date will be the same calendar day of the month as the contract date,
but not later than the 28th day of the month. You can also specify the number of
transfers or instruct us to continue making the transfers until all amounts in
the EQ/Money Market option have been transferred out.

The minimum amount that we will transfer each time is $250. The maximum amount
we will transfer is equal to your value in the EQ/Money Market option at the
time the program is elected, divided by the number of transfers scheduled to be
made.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

                      ----------------------------------

You may not elect general dollar cost averaging or 12 month dollar cost
averaging if you are participating in the rebalancing program. You may only
participate in one dollar cost averaging program at a time. See "Transfers among
investment options" later in this Prospectus. You could not elect the 12 month
dollar cost averaging program if you elected the principal assurance program at
application. Also, for information on how the dollar cost averaging program you
select may affect certain guaranteed benefits, see "Your benefit base" below.


YOUR BENEFIT BASE

The benefit base is used to calculate both the guaranteed minimum income benefit
and the 5% Roll-Up to age 80 guaranteed minimum death benefit. Your benefit base
is not an account value or a cash value. See "Our baseBUILDER option" and
"Guaranteed minimum death benefit" below. The benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less

o  a deduction that reflects any withdrawals you make. The amount of this
   deduction is described under "How withdrawals affect your guaranteed minimum
   income benefit and guaranteed minimum death benefit" in "Accessing your
   money" later in this Prospectus; less


o  a deduction for any withdrawal charge remaining when you exercise your
   guaranteed minimum income benefit. The amount of any withdrawal charge is
   described under "Withdrawal charge" in "Charges and expenses" later in the
   Prospectus.



The effective annual roll-up rate credited to the benefit base is:


o  5% or 6%, depending on your contract issue date, for the benefit base with
   respect to the variable investment options (other than the Multimanager Core
   Bond, EQ/AllianceBernstein Intermediate Government Securities, EQ/Money
   Market, EQ/AllianceBernstein Quality Bond and EQ/Short Duration Bond options)
   and the account for 12 month dollar cost averaging; and

o  3% for the benefit base with respect to the Multimanager Core Bond,
   EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
   EQ/AllianceBernstein Quality Bond and EQ/Short Duration Bond options, the
   fixed maturity options and the loan reserve account under Rollover TSA (if
   applicable).


The benefit base stops rolling up after the contract date anniversary following
the annuitant's 80th birthday.

ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the guaranteed minimum income benefit and annuity payout options.
The guaranteed minimum income benefit is discussed under "Our baseBUILDER
option" and annuity payout options are discussed under "Your annuity payout
options" in "Accessing your money" later in this Prospectus. The guaranteed
annuity purchase factors are those factors specified in your contract. The
current annuity purchase factors are any more favorable factors that may be in
effect at any given time. Annuity purchase factors are based on interest rates,
mortality tables, frequency of payments, the form of annuity benefit and the
annuitant's (and any joint annuitant's) age and sex in certain instances.

OUR BASEBUILDER OPTION

The following section provides information about the baseBUILDER option, which
was only available at the time you purchased your contract, if the annuitant was
age 20 through 75. The baseBUILDER option combines a guaranteed minimum income
benefit with the guaranteed minimum death benefit that was provided under your
contract. For Rollover IRA and Rollover TSA contracts where the annuitant was
between ages 20 and 60 at contract issue, we offered an additional guaranteed
minimum death benefit of a 5% Roll-Up to age 70. If you elected the baseBUILDER
option at purchase, you pay an additional charge that is described under
"baseBUILDER benefit charge" in "Charges and expenses" later in this Prospectus.
If you purchased your contract to fund a Charitable Remainder Trust, the
guaranteed minimum income benefit was, generally, not available to you. Subject
to our rules, the baseBUILDER benefit might have been available for certain
split-funded Charitable Remainder Trusts.

The guaranteed minimum income benefit component of the baseBUILDER option is
described below. Whether you elected the baseBUILDER option or not, the
guaranteed minimum death benefit was provided under the contract. The guaranteed
minimum death benefit is described under "Guaranteed minimum death benefit"
below in this section.


The guaranteed minimum income benefit guarantees you a minimum amount of
lifetime income under our Income Manager(SM) contract. Only a life with a period
certain Income Manager(SM) payout annuity contract is available. You choose
whether you want the option to be paid on a single or joint life basis at the
time you exercise the option. The maximum period certain available under the
Income Manager(SM) payout option is 10 years. This period may be shorter,
depending on the annuitant's age, as follows:


                                              Contract features and benefits  31



                Level Payments
- -----------------------------------------------
                           Period certain years
- -----------------------------------------------
    Annuitant's
  Age at exercise            IRAs            NQ
- -----------------------------------------------
      60 to 75                10             10
         76                    9             10
         77                    8             10
         78                    7             10
         79                    7             10
         80                    7             10
         81                    7              9
         82                    7              8
         83                    7              7
- -----------------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The guaranteed minimum income benefit, which is also known as a living benefit,
should be regarded as a safety net only. It provides income protection if you
elect an income payout while the annuitant is alive.
- --------------------------------------------------------------------------------

When you exercise the guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your guaranteed minimum
income benefit which is calculated by applying your benefit base, less any
applicable withdrawal charge remaining, at guaranteed annuity purchase factors
or (ii) the income provided by applying your account value at our then current
annuity purchase factors. For Rollover TSA only, we will subtract from the
benefit base or account value any outstanding loan, including interest accrued
but not paid. You may also elect to receive monthly or quarterly payments as an
alternative. The payments will be less than 1/12 or 1/4 of the annual payments
respectively, due to the effect of interest compounding. The benefit base is
applied only to the baseBUILDER guaranteed purchase annuity factors in your
contract and not to any other guaranteed or current annuity purchase rates. The
amount of income you actually receive will be determined when we receive your
request to exercise the benefit.

When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of guaranteed
minimum income benefit" below.


The guaranteed minimum income benefit provides a form of insurance and is based
on conservative actuarial factors. The guaranteed annuity purchase factors we
use to determine your Income Manager(SM) benefit under baseBUILDER are more
conservative than the guaranteed annuity purchase factors we use for the Income
Manager(SM) payout annuity option. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the baseBUILDER
Income Manager(SM) will be smaller than each periodic payment under the Income
Manager(SM) payout annuity option. Therefore, even if your account value is less
than your benefit base, you may generate more income by applying your account
value to current annuity purchase factors. We will make this comparison for you
when the need arises.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. The table below illustrates
the guaranteed minimum income benefit amounts per $100,000 of initial
contribution, for a male annuitant age 60 (at issue) on the contract date
anniversaries indicated, using the guaranteed annuity purchase factors as of the
date of this Prospectus, assuming no additional contributions, withdrawals or
loans under Rollover TSA contracts, and assuming there were no allocations to
the Multimanager Core Bond, EQ/AllianceBernstein Intermediate Government
Securities, EQ/Money Market, EQ/AllianceBernstein Quality Bond or EQ/Short
Duration Bond options, or the fixed maturity options.


- ---------------------------------------------------------
                                 Guaranteed minimum
                              income benefit -- annual
      Contract Date          income payable for life with
 Anniversary at exercise        10 year period certain
- ---------------------------------------------------------
             7                        $ 8,315
            10                        $10,342
            15                        $14,925
- ---------------------------------------------------------


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date anniversary
that you are eligible to exercise the guaranteed minimum income benefit, we will
send you an eligibility notice illustrating how much income could be provided as
of the contract date anniversary. You must notify us within 30 days following
the contract date anniversary if you want to exercise the guaranteed minimum
income benefit. You must return your contract to us along with any required
information within 30 days following your contract date anniversary, in order to
exercise this benefit. You will begin receiving annual payments one year after
the annuity payout contract is issued. If you choose monthly or quarterly
payments, you will receive your payment one month or one quarter after the
annuity payout contract is issued. Payments are always made on the 15th of the
month and generally begin one payment mode from issue. You may choose to take a
withdrawal prior to exercising the guaranteed minimum income benefit, which will
reduce your payments. You may not partially exercise this benefit. See
"Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death.


You will be eligible to exercise the guaranteed minimum income benefit during
your life and the annuitant's life, as follows:

o  If the annuitant was at least age 20 and no older than age 44 when the
   contract was issued, you are eligible to exercise the guaranteed minimum
   income benefit within 30 days following each contract date anniversary
   beginning with the 15th contract date anniversary.

o  If the annuitant was at least age 45 and no older than age 53 when the
   contract was issued, you are eligible to exercise the guaranteed minimum
   income benefit within 30 days following each contract date anniversary after
   the annuitant is age 60.

o  If the annuitant was at least age 54 and no older than age 75 when the
   contract was issued, you are eligible to exercise the guaranteed minimum
   income benefit within 30 days following each contract date anniversary
   beginning with the 7th contract date anniversary.

32  Contract features and benefits



Please note:

(i)   the latest date you may exercise the guaranteed minimum income benefit is
      the contract date anniversary following the annuitant's 83rd birthday;

(ii)  if the annuitant was older than age 63 at the time an IRA, QP or Rollover
      TSA contract was issued, the baseBUILDER option may not be an appropriate
      feature because the minimum distributions required by tax law must begin
      before the guaranteed minimum income benefit can be exercised;

(iii) for Accumulator(R) QP contracts, the Plan participant can exercise the
      baseBUILDER option only if he or she elects to take a distribution from
      the Plan and, in connection with this distribution, the Plan's trustee
      changes the ownership of the contract to the participant. This effects a
      rollover of the Accumulator(R) QP contract into an Accumulator(R) Rollover
      IRA. This process must be completed within the 30-day timeframe following
      the contract date anniversary in order for the Plan participant to be
      eligible to exercise;

(iv)  for Accumulator(R) Rollover TSA contracts, you may exercise the
      baseBUILDER option only if you effect a rollover of the TSA contract to an
      Accumulator(R) Rollover IRA. This may only occur when you are eligible for
      a distribution from the TSA. This process must be completed within the
      30-day timeframe following the contract date anniversary in order for you
      to be eligible to exercise;

(v)   for a successor owner/annuitant the earliest exercise date will be based
      on the original contract date and the age of the successor owner/annuitant
      as of the Processing Date successor owner/ annuitant takes effect; and

(vi)  if you are the owner but not the annuitant and you die prior to exercise,
      then the following applies:


      o  A successor owner who is not the annuitant may not be able to exercise
         the baseBUILDER option without causing a tax problem. You should
         consider naming the annuitant as successor owner, or if you do not name
         a successor owner, as the sole primary beneficiary. You should
         carefully review your successor owner and/or beneficiary designations
         at least one year prior to the first contract date anniversary on which
         you could exercise the benefit.

      o  If the successor owner is the annuitant, the baseBUILDER option
         continues only if the benefit could be exercised under the rules
         described above on a contract date anniversary that is within one year
         following the owner's death. This would be the only opportunity for the
         successor owner to exercise. If the baseBUILDER option cannot be
         exercised within this timeframe, the benefit will terminate and the
         charge for it will no longer apply as of the date we receive proof of
         your death and any required information.


      o  If you designate your surviving spouse as successor owner, the
         baseBUILDER option continues and your surviving spouse may exercise the
         benefit according to the rules described above even if your spouse is
         not the annuitant and even if the benefit is exercised more than one
         year after your death. If your surviving spouse dies prior to exercise,
         the rule described in the previous bullet applies.

      o  A successor owner or beneficiary that is a trust or other non- natural
         person may not exercise the benefit; in this case, the benefit will
         terminate and the charge for it will no longer apply as of the date we
         receive proof of your death and any required information.

See "When an NQ contract owner dies before the annuitant" under "Payment of
death benefit" later in this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract's
value" and "How withdrawals affect your guaranteed minimum income benefit and
guaranteed minimum death benefit" in "Accessing you money" later in this
Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT

A guaranteed minimum death benefit was provided as part of the baseBUILDER
benefit. A guaranteed minimum death benefit was also provided under your
contract even if you did not elect baseBUILDER. In this case, the baseBUILDER
benefit charge does not apply.

GUARANTEED MINIMUM DEATH BENEFIT APPLICABLE FOR ANNUITANTS WHO WERE AGES 0
THROUGH 79 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 79 AT ISSUE OF ROLLOVER IRA,
ROTH CONVERSION IRA AND ROLLOVER TSA CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF QP
CONTRACTS.

You must have elected either: the "5% Roll-Up to age 80" or the "annual ratchet
to age 80" guaranteed minimum death benefit when you applied for a contract.
Once you made your election, you cannot change it.

5% ROLL-UP TO AGE 80. This guaranteed minimum death benefit is equal to the
benefit base described earlier in "Your benefit base."

ANNUAL RATCHET TO AGE 80. On the contract date, your guaranteed minimum death
benefit equaled your initial contribution. Then, on each contract date
anniversary, we determine your guaranteed minimum death benefit by comparing
your current guaranteed minimum death benefit to your account value on that
contract date anniversary. If your account value is higher than your guaranteed
minimum death benefit, we will increase your guaranteed minimum death benefit to
equal your account value. On the other hand, if your account value on the
contract date anniversary is less than your guaranteed minimum death benefit, we
will not adjust your guaranteed minimum death benefit either up or down. If you
make additional contributions, we will increase your current guaranteed minimum
death benefit by the dollar amount of the contribution on the date the
contribution is allocated to your investment options. If you take a withdrawal
from your contract, we will reduce your guaranteed minimum death benefit on the
date you take the withdrawal.

GUARANTEED MINIMUM DEATH BENEFIT APPLICABLE FOR ANNUITANTS WHO WERE AGES 80
THROUGH 83 AT ISSUE OF NQ, ROLLOVER IRA, ROTH CONVERSION IRA AND ROLLOVER TSA
CONTRACTS.

On the contract date, your guaranteed minimum death benefit equaled your initial
contribution. Thereafter, it is increased by the dol-

                                              Contract features and benefits  33



lar amount of any additional contributions. We will reduce your guaranteed
minimum death benefit if you take any withdrawals.

                      ----------------------------------

Please see both "Insufficient account value" in "Determining your contract's
value" and "How withdrawals affect your guaranteed minimum income benefit and
guaranteed minimum death benefit" in "Accessing your money" and the section
entitled "Charges and expenses" later in this Prospectus for information on
these guaranteed benefits.


See Appendix IV at the end of this Prospectus for an example of how we calculate
the guaranteed minimum death benefit.

PROTECTION PLUS(SM)

The following section provides information about the Protection Plus(SM) option,
which was only available at the time you purchased your contract. If Protection
Plus(SM) was not elected when the contract was first issued, neither the owner
nor the successor owner/annuitant can add it subsequently. Protection Plus(SM)
is an additional death benefit as described below. See the appropriate part of
"Tax information" later in this Prospectus for the potential consequences of
having purchased the Protection Plus(SM) feature in an NQ or IRA contract.

If the annuitant was 69 or younger when we issued your contract (or if the
successor owner/annuitant is 69 or younger when he or she becomes the successor
owner/annuitant), the death benefit will be:

the greater of:

o  the account value or

o  any applicable guaranteed minimum death benefit

Increased by:

40% of the lesser of:

o  the total net contributions or

o  the death benefit less total net contributions

For purposes of calculating your Protection Plus(SM) benefit, the following
applies: (i) "Net contributions" are the total contributions made (or, if
applicable, the total amount that would otherwise have been paid as a death
benefit had the successor owner/annuitant election not been made plus any
subsequent contributions) reduced on a pro rata basis to reflect withdrawals
(including surrender charges and loans). Reduction on a pro rata basis means
that we calculate the percentage of the current account value that is being
withdrawn and we reduce net contributions by that percentage. For example, if
the account value is $30,000 and you withdraw $12,000, you have withdrawn 40% of
your account value. If the contributions aggregated $40,000 before the
withdrawal, it would be reduced by $16,000 ($40,000 x .40) and net contributions
after the withdrawal would be $24,000 ($40,000-$16,000); (ii) "Death benefit" is
equal to the greater of the account value as of the date we receive satisfactory
proof of death or any applicable guaranteed minimum death benefit as of the date
of death.

If the annuitant was age 70 through 75 when we issued your contract (or if the
successor owner/annuitant is between the ages of 70 and 75 when he or she
becomes the successor owner/annuitant under a contract where Protection Plus(SM)
had been elected at issue), the death benefit will be:

the greater of:

o  the account value or

o  any applicable guaranteed minimum death benefit

Increased by:

25% of the lesser of:

o  the total net contributions (as described above) or

o  the death benefit (as described above) less total net contributions

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

This is provided for informational purposes only. Since this contract is no
longer available to new purchasers, this cancellation provision is no longer
applicable.

If for any reason you are not satisfied with your contract, you may return it to
us for a refund of the full amount of your contribution. To exercise this
cancellation right you must mail the contract, with a signed letter of
instruction electing this right, to our processing office within 10 days after
you receive it. If state law requires, this "free look" period may be longer.

We may require that you wait six months before you may apply for a contract with
us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office, or your financial professional, can provide you with the
cancellation instructions.

34  Contract features and benefits



2. Determining your contract's value

- --------------------------------------------------------------------------------
YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) market adjusted amounts in the fixed maturity options;
and (iii) the loan reserve account (applies for Rollover TSA contracts only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) any
applicable withdrawal charges and (ii) the amount of any outstanding loan plus
accrued interest (applicable to Rollover TSA contracts only). Please see
"Surrendering your contract to receive its cash value" in "Accessing your money"
later in this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a Rollover TSA contract.

In addition, when we deduct the baseBUILDER and/or Protection Plus(SM) benefit
charge, the number of units credited to your contract will be reduced. A
description of how unit values are calculated is found in the SAI.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date is
the market adjusted amount in each option. This is equivalent to your fixed
maturity amount increased or decreased by the market value adjustment. Your
value, therefore, may be higher or lower than your contributions (less
withdrawals) accumulated at the rate to maturity. At the maturity date, your
value in the fixed maturity option will equal its maturity value, provided there
have been no withdrawals or transfers.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is insufficient
to pay any applicable charges when due. Your account value could become
insufficient due to withdrawals and/or poor market performance. Upon such
termination, you will lose all of your rights under your contract and any
applicable guaranteed benefits.

                                           Determining your contract's value  35



3. Transferring your money among investment options

- --------------------------------------------------------------------------------
TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer some
or all of your account value among the investment options, subject to the
following:

o  You may not transfer to a fixed maturity option that matures in the current
   calendar year or that has a rate to maturity of 3% or less.


o  You may not transfer any amount to the 12 month dollar cost averaging
   program.


o  If the annuitant is 76 or older, you must limit your transfers to fixed
   maturity options to those with maturities of five years or less. We will not
   accept allocations to a fixed maturity option if on the date the contribution
   or transfer is to be applied, the rate to maturity is 3%. Also, the maturity
   dates may be no later than the February 15th immediately following the date
   annuity payments are to begin.

o  If you make transfers out of a fixed maturity option other than at its
   maturity date the transfer may cause a market value adjustment.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)  the contract number,

(2)  the dollar amounts or percentages of your current account value to be
     transferred, and

(3)  the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios in
which the variable investment options invest. Disruptive transfer activity may
adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how portfolio
shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "trusts"), The trusts have adopted
policies and procedures regarding disruptive transfer activity. They discourage
frequent purchases and redemptions of portfolio shares and will not make special
arrangements to accommodate such transactions. They aggregate inflows and
outflows for each portfolio on a daily basis. On any day when a portfolio's net
inflows or outflows exceed an established monitoring threshold, the trust
obtains from us contract owner trading activity. The trusts currently consider
transfers into and out of (or vice versa) the same variable investment option
within a five business day period as potentially disruptive transfer activity.
In most cases, each trust reserves the right to reject a transfer that it
believes, in its sole discretion, is disruptive (or potentially disruptive) to
the management of one of its portfolios. Please see the prospectuses for the
trusts for more information.

36  Transferring your money among investment options



When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive transfer
activity and that if such activity continues certain transfer privileges may be
eliminated. If and when the contract owner is identified a second time as
engaged in potentially disruptive transfer activity under the contract, we
currently prohibit the use of voice, fax and automated transaction services. We
currently apply such action for the remaining life of each affected contract. We
or a trust may change the definition of potentially disruptive transfer
activity, the monitoring procedures and thresholds, any notification procedures,
and the procedures to restrict this activity. Any new or revised policies and
procedures will apply to all contract owners uniformly. We do not permit
exceptions to our policies restricting disruptive transfer activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, neither trust had implemented such a fee. If a redemption fee is
implemented by a trust, that fee, like any other trust fee, will be borne by the
contract owner.

Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all disruptive transfers. Because there is
no guarantee that disruptive trading will be stopped, some contract owners may
be treated differently than others, resulting in the risk that some contract
owners may be able to engage in frequent transfer activity while others will
bear the effect of that frequent transfer activity. The potential effects of
frequent transfer activity are discussed above.

REBALANCING YOUR ACCOUNT VALUE


We currently offer a rebalancing program that you can use to automatically
reallocate your account value among the variable investment options. You must
tell us:


(a)  the percentage you want invested in each variable investment option (whole
     percentages only), and

(b)  how often you want the rebalancing to occur (quarterly, semiannually or
     annually on a contract year basis).

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

While your rebalancing program is in effect, we will transfer amounts among the
variable investment options so that the percentage of your account value that
you specify is invested in each option at the end of each rebalancing date. Your
entire account value in the variable investment options must be included in the
rebalancing program.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

You may elect the rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while the rebalancing program is in effect we will process the transfer
as requested; your rebalancing allocations will not be changed and the
rebalancing program will remain in effect unless you request that it be canceled
in writing.

You may not elect the rebalancing program if you are participating in the
general dollar cost averaging or 12 month dollar cost averaging program.
Rebalancing is not available for amounts you have allocated in the fixed
maturity options.

                            Transferring your money among investment options  37



4. Accessing your money
- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE
You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table. If you withdraw more than 90% of a
contract's current cash value, we will treat it as a request to surrender the
contract for its cash value. See "Surrendering your contract to receive its cash
value" below. For the tax consequences of withdrawals, see "Tax information"
later in this Prospectus.

Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus and "How withdrawals affect your guaranteed minimum
income benefit and guaranteed minimum death benefit" below for more information
on how withdrawals affect your guaranteed benefits and could potentially cause
your contract to terminate.


- --------------------------------------------------------------------------------
                                   Method of withdrawal
- --------------------------------------------------------------------------------
                                                               Lifetime
                                                               required
                                             Substantially     minimum
 Contract           Partial    Systematic        equal       distribution
- --------------------------------------------------------------------------------
NQ                   Yes          Yes             No              No
- --------------------------------------------------------------------------------
Rollover IRA         Yes          Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth Conversion
 IRA                 Yes          Yes             Yes             No
- --------------------------------------------------------------------------------
QP                   Yes           No             No             Yes
- --------------------------------------------------------------------------------
Rollover TSA*        Yes          Yes             No             Yes
- --------------------------------------------------------------------------------

*  For some Rollover TSA contracts, your ability to take withdrawals, loans or
   surrender your contract may be limited. You must provide withdrawal
   restriction information when you apply for a contract. See "Tax Sheltered
   Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
15% free withdrawal amount (see "15% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). Under Rollover TSA contracts, if a loan is
outstanding, you may only take partial withdrawals as long as the cash value
remaining after any withdrawal equals at least 10% of the outstanding loan plus
accrued interest.

SYSTEMATIC WITHDRAWALS
(All contracts except QP contracts)


You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions.)

You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 1.2% monthly, 3.6% quarterly and 15.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would be
less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, the amount or the percentage of your
systematic withdrawals, once each contract year. However, you may not change the
amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 15% free withdrawal amount.


SUBSTANTIALLY EQUAL WITHDRAWALS
(All IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of meeting
this exception. After consultation with your tax adviser, you may decide to use
another method which would require you to compute amounts yourself and request
partial withdrawals. In such a case, a withdrawal charge may apply. Once you
begin to take substantially equal withdrawals, you should not stop them or
change the pattern of your withdrawals until after the later of age 59-1/2 or
five full years after the first withdrawal. If you stop or change the
withdrawals or take a partial withdrawal, you may be liable for the 10% federal
tax penalty that would have otherwise been due on prior withdrawals made under
this option and for any interest on the delayed payment of the penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.

38  Accessing your money




You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal withdrawals
using the IRS-approved method we offer. The payments will be made monthly,
quarterly or annually as you select. These payments will continue until we
receive written notice from you to cancel this option or you take a partial
withdrawal. You may elect to start receiving substantially equal withdrawals
again, but the payments may not restart in the same contract year in which you
took a partial withdrawal. We will calculate the new withdrawal amount.


Substantially equal withdrawals are not subject to a withdrawal charge.

LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, QP and Rollover TSA contracts only -- See "Tax information" later
in this Prospectus.)


We offer our "automatic required minimum distribution (RMD) service" to help you
meet lifetime required minimum distributions under federal income tax rules.
This is not the exclusive way for you to meet these rules. After consultation
with your tax adviser, you may decide to compute required minimum distributions
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Before electing this account based withdrawal option, you should
consider whether annuitization might be better in your situation. If you have
elected certain additional benefits, such as the Guaranteed minimum death
benefit, amounts withdrawn from the contract to meet RMDs will reduce the
benefit base and may limit the utility of the benefit. Also, the actuarial
present value of additional contract benefits must be added to the account value
in calculating required minimum distribution withdrawals from annuity contracts
funding qualified plans, TSAs and IRAs, which could increase the amount required
to be withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.


Currently, we do not impose a withdrawal charge on minimum distribution
withdrawals if you are enrolled in our "automatic required minimum distribution
(RMD) service" except if when added to a partial withdrawal previously taken in
the same contract year, the minimum distribution withdrawal exceeds the 15% free
withdrawal amount.


Under Rollover TSA contracts, you may not elect minimum distribution withdrawals
if a loan is outstanding.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options. If there is
insufficient value or no value in the variable investment options, any
additional amount of the withdrawal required or the total amount of the
withdrawal will be withdrawn from the fixed maturity options in order of the
earliest maturity date(s) first. A market value adjustment may apply to
withdrawals from the fixed maturity options.

HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT AND GUARANTEED
MINIMUM DEATH BENEFIT

Withdrawals will reduce your guaranteed benefits on either a dollar-for-dollar
basis or on a pro rata basis as explained below:

INCOME BENEFIT AND DEATH BENEFIT

5% ROLL-UP TO AGE 80 -- If you elected the 5% Roll-Up to age 80 guaranteed
minimum death benefit, your benefit base will be reduced on a dollar-for-dollar
basis as long as the sum of your withdrawals in a contract year is 5% or less of
the benefit base on the most recent contract date anniversary. Once you take a
withdrawal that causes the sum of your withdrawals in a contract year to exceed
5% of the benefit base on the most recent contract date anniversary, that
withdrawal and any subsequent withdrawals in that same contract year will reduce
your benefit base on a pro rata basis. Additional contributions made during the
contract year do not affect the amount of withdrawals that can be taken on a
dollar-for-dollar basis in that contract year.

The timing of your withdrawals and whether they exceed the 5% threshold
described above can have a significant impact on your guaranteed minimum income
benefit or guaranteed minimum death benefit.

ANNUAL RATCHET TO AGE 80 -- If you elected the annual ratchet to age 80
guaranteed minimum death benefit, each withdrawal will reduce your income and
death benefit on a pro rata basis.

ANNUITANT ISSUE AGES 80 THROUGH 83 -- If your contract was issued when the
annuitant was between ages 80 and 83, each withdrawal will always reduce your
current guaranteed minimum death benefit on a pro rata basis.

                      ----------------------------------

                                                        Accessing your money  39



Reduction on a dollar-for-dollar basis means that your current benefit will be
reduced by the dollar amount of the withdrawal. Reduction on a pro rata basis
means that we calculate the percentage of your current account value that is
being withdrawn and we reduce your current benefit by that same percentage. For
example, if your account value is $30,000 and you withdraw $12,000, you have
withdrawn 40% of your account value. If your guaranteed minimum death benefit
was $40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 x.40)
and your new guaranteed minimum death benefit after the withdrawal would be
$24,000 ($40,000 - $16,000).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal charge
deducted from your account value. For more information on the calculation of the
charge, see "Withdrawal charge" later in the Prospectus.


LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you may
only take a loan with the written consent of your spouse. Your contract contains
further details of the loan provision. Also, see "Tax information" later in this
Prospectus for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum loan
amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your account
value, subject to any limits under the federal income tax rules. The term of a
loan is five years. However, if you use the loan to acquire your primary
residence, the term is 10 years. The term may not extend beyond the earliest of:

(1)  the date annuity payments begin,

(2)  the date the contract terminates, and

(3)  the date a death benefit is paid (the outstanding loan will be deducted
     from the death benefit amount).

A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.

LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options. If there is insufficient value or no value in the variable
investment options, any additional amount of the loan will be subtracted from
the fixed maturity options in order of the earliest maturity date(s) first. A
market value adjustment may apply.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan repayment,
unless you specify otherwise, we will transfer the dollar amount of the loan
repaid from the loan reserve account to the investment options according to the
allocation percentages we have on our records.

The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while the
annuitant is living and before you begin to receive annuity payments. (Rollover
TSA contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We will
determine your cash value on the date we receive the required information. All
benefits under the contract will terminate as of that date.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below. For
the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you withdraw
(less any withdrawal charge) and, upon surrender, payment of the cash value. We
may postpone such payments or applying proceeds for any period during which:

(1)  the New York Stock Exchange is closed or restricts trading,

(2)  sales of securities or determination of the fair value of a variable
     investment option's assets is not reasonably practicable because of an
     emergency, or

(3)  the SEC, by order, permits us to defer payment to protect people remaining
     in the variable investment options.

We can defer payment of any portion of your value in the fixed maturity options
(other than for death benefits) for up to six months while

40  Accessing your money



you are living. We also may defer payments for a reasonable amount of time (not
to exceed 10 days) while we are waiting for a contribution check to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery service at your expense.

YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) provide for conversion to
payout status at or before the contract's "maturity date." This is called
annuitization. When your contract is annuitized, your Accumulator(R) contract
and all its benefits will terminate and you will receive a supplemental annuity
payout contract ("payout option") that provides periodic payments for life or
for a specified period of time. In general, the periodic payment amount is
determined by the account value or cash value of your Accumulator(R) contract at
the time of annuitization and the annuity purchase factor to which that value is
applied, as described below. Alternatively, if you have a Guaranteed minimum
income benefit, you may exercise your benefit in accordance with its terms.


Your Accumulator(R) contract guarantees that upon annuitization, your annuity
account value will be applied to a guaranteed annuity purchase factor for a life
annuity payout option. In addition, you may apply your account value or cash
value, whichever is applicable, to any other annuity payout option that we may
offer at the time of annuitization. We currently offer you several choices of
annuity payout options. Some enable you to receive fixed annuity payments, which
can be either level or increasing, and others enable you to receive variable
annuity payments.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the annuitant's age when
the contract was issued. In addition, if your are exercising your guaranteed
minimum income benefit under baseBUILDER, your choice of payout options are
those that are available under the baseBUILDER (see "Our baseBUILDER option" in
"Contract features and benefits" earlier in this Prospectus).


- --------------------------------------------------------------------------------
Fixed annuity payout options          Life annuity
                                      Life annuity with period certain
                                      Life annuity with refund certain
                                      Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity            Life annuity
   payout options                     Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options     Life annuity with period certain
   (available for annuitants age 83   Period certain annuity
   or less at contract issue)
- --------------------------------------------------------------------------------


o  Life annuity: An annuity that guarantees payments for the rest of the
   annuitant's life. Payments end with the last monthly payment before the
   annuitant's death. Because there is no continuation of benefits following the
   annuitant's death with this payout option, it provides the highest monthly
   payment of any of the life annuity options, so long as the annuitant is
   living.

o  Life annuity with period certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the end of a
   selected period of time ("period certain"), payments continue to the
   beneficiary for the balance of the period certain. The period certain cannot
   extend beyond the annuitant's life expectancy. A life annuity with a period
   certain is the form of annuity under the contract that you will receive if
   you do not elect a different payout option. In this case, the period certain
   will be based on the annuitant's age and will not exceed 10 years.

o  Life annuity with refund certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the amount applied
   to purchase the annuity option has been recovered, payments to the
   beneficiary will continue until that amount has been recovered. This payout
   option is available only as a fixed annuity.

o  Period certain annuity: An annuity that guarantees payments for a specific
   period of time, usually 5, 10, 15 or 20 years. This guaranteed period may not
   exceed the annuitant's life expectancy. This option does not guarantee
   payments for the rest of the annuitant's life. It does not permit any
   repayment of the unpaid principal, so you cannot elect to receive part of the
   payments as a single sum payment with the rest paid in monthly annuity
   payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain and life annuity with refund
certain payout options are available on a single life or joint and survivor life
basis. The joint and survivor life annuity guarantees payments for the rest of
the annuitant's life and, after the annuitant's death, payments continue to the
survivor. We may offer other payout options not outlined here. Your financial
professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust and
EQ Advisors Trust. The contract also offers a fixed income annuity payout option
that can be elected in combination with the variable annuity payout option. The
amount of each variable income annuity payment will fluctuate, depending upon
the performance of the variable investment options, and whether the actual rate
of investment return is higher or lower than an assumed base rate.


INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may pro-


                                                        Accessing your money  41




vide higher or lower income levels but do not have all the features of the
Income Manager(SM) payout annuity contract. You may request an illustration of
the Income Manager(SM) payout annuity contract from your financial professional.
Income Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Income Manager(SM) NQ and IRA payout options provide guaranteed level payments.
The Income Manager(SM) (life annuity with period certain) also provides
guaranteed increasing payments (NQ contracts only). You may not elect an Income
Manager(SM) payout option without life contingencies unless withdrawal charges
are no longer in effect under your Accumulator(R).

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) contract to an
Income Manager(SM) payout annuity. In this case, we will consider any amounts
applied as a withdrawal from your Accumulator(R) and we will deduct any
applicable withdrawal charge. For the tax consequences of withdrawals, see "Tax
information" later in this Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the baseBUILDER benefit option, different payout options may apply, as well
as other various differences. See "Our baseBUILDER option" in "Contract features
and benefits" earlier in this Prospectus, as well as the Income Manager(SM)
Prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION

The amount applied to purchase an annuity payout option varies, depending on the
payout option that you choose, and the timing of your purchase as it relates to
any withdrawal charges or market value adjustments.

If amounts in a fixed maturity option are used to purchase any annuity payout
option, prior to the maturity date, a market value adjustment will apply.

For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your Accumulator(R) contract is imposed
if you select a non-life contingent period certain payout annuity. If the period
certain is more than 5 years, then the withdrawal charge deducted will not
exceed 5% of the account value.

For the Income Manager(SM) life contingent payout options, no withdrawal charge
is imposed under the Accumulator(R). If the withdrawal charge that otherwise
would have been applied to your account value under your Accumulator(R) is
greater than 2% of the contributions that remain in your contract at the time
you purchase your payout option, the withdrawal charges under the Income
Manager(SM) will apply. The year in which your account value is applied to the
payout option will be "contract year 1."


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return your
contract before annuity payments begin. The contract owner and annuitant must
meet the issue age and payment requirements.


You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) contract date. Except with respect to
the Income Manager(SM) annuity payout options, where payments are made on the
15th day of each month, you can change the date your annuity payments are to
begin anytime before that date as long as you do not choose a date later than
the 28th day of any month.

The amount of the annuity payments will depend on the amount applied to purchase
the annuity and the applicable annuity purchase factors, discussed earlier. The
amount of each annuity payment will be less with a greater frequency of
payments, or with a longer duration of a non-life contingent annuity or a longer
certain period of a life contingent annuity. Once elected, the frequency with
which you receive payments cannot be changed.


In no event will you ever receive payments under a fixed option or an initial
payment under a variable option of less than the minimum amounts guaranteed by
the contract.

If, at the time you elect a payout option, the amount to be applied is less than
$2,000 or the initial payment under the form elected is less than $20 monthly,
we reserve the right to pay the account value in a single sum rather than as
payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can be
made other than: (i) transfers (if permitted in the future) among the variable
investment options if a Variable Immediate Annuity payout option is selected;
and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.


ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is generally the
contract date anniversary that follows the annuitant's 90th birthday. We will
send a notice with the annual statement one year prior to the maturity age.


42  Accessing your money



5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o  A mortality and expense risks charge

o  An administrative charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o  At the time you make certain withdrawals or surrender your contract -- a
   withdrawal charge.

o  A charge for baseBUILDER, if you elect this optional benefit.

o  A charge for Protection Plus(SM), if you elect this optional benefit.

o  At the time annuity payments are to begin -- charges designed to approximate
   certain taxes that may be imposed on us, such as premium taxes in your state.
   An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

To help with your retirement planning, we may offer other annuities with
different charges, benefits and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net assets
in each variable investment option to compensate us for mortality and expense
risks, including the guaranteed minimum death benefit. The daily charge is
equivalent to an annual rate of 1.10% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that the
mortality assumptions reflected in our guaranteed annuity payment tables, shown
in each contract, will differ from actual mortality experience. Lastly, we
assume a mortality risk to the extent that at the time of death, the guaranteed
minimum death benefit exceeds the cash value of the contract. The expense risk
we assume is the risk that it will cost us more to issue and administer the
contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option. The charge, together with the annual administrative
charge described below, is to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.25% of the
net assets in each variable investment option.


WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 15% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non-life contingency payout
option. For more information about the withdrawal charge if you select an
annuity payout option, see "Your annuity payout options -- The amount applied to
purchase an annuity payout option" in "Accessing your money" earlier in the
Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn. The
percentage that applies depends on how long each contribution has been invested
in the contract. We determine the withdrawal charge separately for each
contribution according to the following table:

- ----------------------------------------------------------------
                         Contract year
- ----------------------------------------------------------------
                    1     2     3     4     5     6     7     8+
- ----------------------------------------------------------------
Percentage of
 contribution       7%    6%    5%    4%    3%    2%    1%    0%
- ----------------------------------------------------------------

For purposes of calculating the withdrawal charge, we treat the contract year in
which we receive a contribution as "contract year 1." Amounts withdrawn up to
the free withdrawal amount are not considered withdrawal of any contribution. We
also treat contributions that have been invested the longest as being withdrawn
first. We treat contributions as withdrawn before earnings for purposes of
calculating the withdrawal charge. However, federal income tax rules treat
earnings under your contract as withdrawn first. See "Tax information" later in
this Prospectus.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover our sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Your benefit base" and "How
withdrawals affect your Guaranteed minimum income benefit and Guaranteed minimum
death benefit" earlier in the Prospectus.


15% FREE WITHDRAWAL AMOUNT. Each contract year you can withdraw up to 15% of
your account value without paying a withdrawal charge. The 15% free withdrawal
amount is determined using your account

                                                        Charges and expenses  43



value at the beginning of each contract year, or in the case of the first
contract year, your initial contribution, minus any other withdrawals made
during the contract year. Additional contributions during the contract year do
not increase your 15% free withdrawal amount. The 15% free withdrawal amount
does not apply if you surrender your contract except where required by law.

For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract) and (2)
the 15% free withdrawal amount defined above.

DISABILITY, TERMINAL ILLNESS OR CONFINEMENT TO NURSING HOME. The withdrawal
charge does not apply if:

(i)   The annuitant has qualified to receive Social Security disability benefits
      as certified by the Social Security Administration; or

(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that the annuitant's life expectancy is six months or less; or

(iii) The annuitant has been confined to a nursing home for more than 90 days
      (or such other period, as required in your state) as verified by a
      licensed physician. A nursing home for this purpose means one that is (a)
      approved by Medicare as a provider of skilled nursing care service, or (b)
      licensed as a skilled nursing home by the state or territory in which it
      is located (it must be within the United States, Puerto Rico, or U.S.
      Virgin Islands) and meets all of the following:


      -  its main function is to provide skilled, intermediate or custodial
         nursing care;

      -  it provides continuous room and board to three or more persons;

      -  it is supervised by a registered nurse or licensed practical nurse;

      -  it keeps daily medical records of each patient;

      -  it controls and records all medications dispensed; and

      -  its primary service is other than to provide housing for residents.


We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions described in (i), (ii) and
(iii) above existed at the time a contribution was remitted or if the condition
began within 12 months of the period following remittance. Some states may not
permit us to waive the withdrawal charge in the above circumstances or may limit
the circumstances for which the withdrawal charge may be waived. Your financial
professional can provide more information or you may contact our processing
office.

BASEBUILDER BENEFIT CHARGE

If you elected the baseBUILDER, we deduct a charge annually from your account
value on each contract date anniversary until such time as you exercise the
guaranteed minimum income benefit, elect another annuity payout option, or the
contract date anniversary after the annuitant reaches age 83, whichever occurs
first. The charge is equal to 0.30% of the benefit base in effect on the
contract date anniversary for the 5% Roll-Up to age 80. The annual benefit base
charge is 0.15% if the 5% Roll-Up to age 70 is available and elected.

We will deduct this charge from your value in the variable investment options on
a pro rata basis. If there is not enough value in the variable investment
options, we will deduct all or a portion of the charge first, from the fixed
maturity options, in order of the earliest maturity date(s) first. A market
value adjustment may apply.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits.
Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus.

PROTECTION PLUS(SM)

If you elected Protection Plus(SM), we deduct a charge annually from your
account value on each contract date anniversary for which it is in effect. The
charge is equal to 0.20% of the account value on each contract date anniversary.
We will deduct this charge from your value in the variable investment options on
a pro rata basis. If there is not enough value in the variable investment
options, we will deduct all or a portion of the charge from the fixed maturity
options in the order of the earliest maturity date(s) first. A market value
adjustment may apply.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits.
Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.

VARIABLE IMMEDIATE ANNUITY ANNUITIZATION PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity annuitization payout option. This option may not be available
at the time you elect to annuitize or it may have a different charge.

CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o  Management fees ranging from 0.05% to 1.20%.


o  12b-1 fees of 0.25%.

o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian fees
   and liability insurance.

o  Investment-related expenses, such as brokerage commissions.

These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these

44  Charges and expenses




fees and expenses are, in effect, passed on to the variable investment options
and are reflected in their unit values. Certain portfolios available under the
contract in turn invest in shares of other portfolios of AXA Premier VIP Trust
and EQ Advisors Trust and/or shares of unaffiliated portfolios (collectively,
the "underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about these
charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal charge
or the mortality and expense risks charge, or change the minimum initial
contribution requirements. We also may change the guaranteed minimum income
benefit and the guaranteed minimum death benefit or offer variable investment
options that invest in shares of either Trust that are not subject to the 12b-1
fee. Group arrangements include those in which a trustee or an employer, for
example, purchases contracts covering a group of individuals on a group basis.
Group arrangements are not available for IRA contracts. Sponsored arrangements
include those in which an employer allows us to sell contracts to its employees
or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts or
that have been in existence less than six months will not qualify for reduced
charges.

We also may establish different rates to maturity for the fixed maturity options
under different classes of contracts for group or sponsored arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these and
other applicable laws on such programs. We recommend that employers, trustees
and others purchasing or making contracts available for purchase under such
programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that result
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

                                                        Charges and expenses  45



6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designated your beneficiary when you applied for your contract. You may
change your beneficiary at any time. The change will be effective as of the date
the written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In a
QP contract, the beneficiary must be the trustee. Where an NQ contract is owned
for the benefit of a minor pursuant to the Uniform Gift to Minors Act or the
Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
guaranteed minimum death benefit. The guaranteed minimum death benefit is part
of your contract, whether you select the baseBUILDER benefit or not. We
determine the amount of the death benefit (other than the guaranteed minimum
death benefit) and any amount applicable under the Protection Plus(SM) feature,
as of the date we receive satisfactory proof of the annuitant's death, any
required instructions for the method of payment, forms necessary to effect
payment and any other information we may require. The amount of the guaranteed
minimum death benefit will be the guaranteed minimum death benefit as of the
date of the annuitant's death adjusted for any subsequent withdrawals (and any
associated withdrawal charges). For Rollover TSA contracts with outstanding
loans, we will reduce the amount of the death benefit by the amount of the
outstanding loan, including any accrued but unpaid interest.


Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the death
benefit amount begins within one year following the date of death, which payment
may not occur if the beneficiary has failed to provide all required information
before the end of that period, (ii) we will not apply the predetermined death
benefit payout election if doing so would violate any federal income tax rules
or any other applicable law, and (iii) a beneficiary or a successor owner who
continues the contract under one of the continuation options described below
will have the right to change your annuity payout election.

EFFECT OF THE ANNUITANT'S DEATH

If the annuitant dies before the annuity payments begin, we will pay the death
benefit to your beneficiary.

Generally, the death of the annuitant terminates the contract. However, a
surviving spouse of the deceased owner/annuitant can choose to be treated as the
successor owner/annuitant and continue the contract. Only a spouse who is the
sole primary beneficiary can be a successor owner/annuitant. The successor
owner/annuitant feature is only available under NQ and individually owned IRA
contracts.

For individually owned IRA contracts, a beneficiary may be able to have limited
ownership as discussed under "Beneficiary continuation option" below.

WHEN AN NQ CONTRACT OWNER DIES BEFORE THE ANNUITANT

Under certain conditions the owner changes after the original owner's death for
purpose of receiving federal tax law required distributions from the contract.
When you are the annuitant under an NQ contract and you die before annuity
payments begin, unless you specify otherwise, the beneficiary named to receive
the death benefit upon the annuitant's death will become the successor owner. If
you do not want this beneficiary to be the successor owner, you should name a
specific successor owner. You may name a successor owner at any time during your
life by sending satisfactory notice to our processing office. If the contract is
jointly owned and the first owner to die is not the annuitant, the surviving
owner becomes the sole contract owner. This person will be considered the
successor owner for purposes of the distribution rules described in this
section. The surviving owner automatically takes the place of any other
beneficiary designation.

You should carefully consider the following if you have elected the guaranteed
minimum income benefit and you are the owner, but not the annuitant. Because the
payments under the guaranteed minimum income benefit are based on the life of
the annuitant, and the federal tax law required distributions described below
are based on the life of the successor owner, a successor owner who is not also
the annuitant may not be able to exercise the guaranteed minimum income benefit,
if you die before annuity payments begin. Therefore, one year before you become
eligible to exercise the guaranteed minimum income benefit, you should consider
the effect of your beneficiary designations on potential payments after your
death. For more information, see "Exercise of guaranteed minimum income benefit"
under "Our baseBUILDER option" in "Contract features and benefits" earlier in
this Prospectus.

Unless the surviving spouse of the owner who has died (or in the case of a joint
ownership situation, the surviving spouse of the first owner to die) is the
successor owner for this purpose, the entire interest in the contract must be
distributed under the following rules:

o  The cash value of the contract must be fully paid to the successor owner (new
   owner) within five years after your death (or in a joint ownership situation,
   the death of the first owner to die).

46  Payment of death benefit



o  The successor owner may instead elect to receive the cash value as a life
   annuity (or payments for a period certain of not longer than the successor
   owner's life expectancy). Payments must begin within one year after the
   non-annuitant owner's death. Unless this alternative is elected, we will pay
   any cash value five years after your death (or the death of the first owner
   to die).

o  A successor owner should name a new beneficiary.

If the surviving spouse is the successor owner or joint owner, the spouse may
elect to continue the contract. No distributions are required as long as the
surviving spouse and annuitant are living.

HOW DEATH BENEFIT PAYMENT IS MADE

We will pay the death benefit to the beneficiary in the form of the annuity
payout option you have chosen. If you have not chosen an annuity payout option
as of the time of the annuitant's death, the beneficiary will receive the death
benefit in a single sum. However, subject to any exceptions in the contract, our
rules and any applicable requirements under federal income tax rules, the
beneficiary may elect to apply the death benefit to one or more annuity payout
options we offer at the time. See "Your annuity payout options" in "Accessing
your money" earlier in this Prospectus. Please note that any annuity payout
option chosen may not extend beyond the life expectancy of the beneficiary.

SUCCESSOR OWNER AND ANNUITANT

If you are both the contract owner and the annuitant, and your spouse is the
sole primary beneficiary or the joint owner, then your spouse may elect to
receive the death benefit or continue the contract as successor owner/annuitant.

If your surviving spouse decides to continue the contract, then as of the date
we receive satisfactory proof of your death, any required instructions,
information and forms necessary to effect the successor owner/annuitant feature,
we will increase the account value to equal your guaranteed minimum death
benefit as of the date of your death if such death benefit is greater than such
account value, plus any amount applicable under the Protection Plus(SM) feature
and adjusted for any subsequent withdrawals. The increase in the account value
will be allocated to the investment options according to the allocation
percentages we have on file for your contract. Thereafter, withdrawal charges
will no longer apply to contributions made before your death. Withdrawal charges
will apply if additional contributions are made. These additional contributions
will be considered to be withdrawn only after all other amounts have been
withdrawn. In determining whether the guaranteed minimum death benefit will
continue to grow, we will use your surviving spouse's age (as of the date we
receive satisfactory proof of your death, any required instructions and the
information and forms necessary to effect the successor owner/annuitant
feature).

Where an IRA contract is owned in a custodial individual retirement account, and
your spouse is the sole beneficiary of the account, the custodian may request
that the spouse be substituted as annuitant after your death.

BENEFICIARY CONTINUATION OPTION

Where an IRA contract is owned in a custodial individual retirement account, the
custodian may reinvest the death benefit in an individual retirement annuity
contract, using the account beneficiary as the annuitant. Please speak with your
financial professional for further information.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS ONLY.
This feature permits a designated individual, upon the contract owner's death,
to maintain the contract in the deceased contract owner's name and receive
distributions under the contract instead of receiving the death benefit in a
lump sum. The beneficiary continuation option must be elected by September 30th
of the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value plus any amount
applicable under the Protection Plus(SM) feature and adjusted for any subsequent
withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later than
December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under Roth
IRA contracts. If the beneficiary chooses this option, the beneficiary may take
withdrawals as desired, but the entire account value must be fully withdrawn by
December 31st of the calendar year which contains the fifth anniversary of your
death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the ben eficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

                                                    Payment of death benefit  47



o  If you had elected the guaranteed minimum income benefit or o Protection
   Plus(SM) feature under the contract, they will no longer be in effect and
   charges for such benefits will stop. Also, any guaranteed minimum death
   benefit feature will no longer be in effect.

o  The beneficiary may choose at any time to withdraw all or a por tion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum distributions based on
   the remaining life expectancy of the deceased beneficiary or to receive any
   remaining interest in the contract in a lump sum. The option elected will be
   processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment.

48  Payment of death benefit



7.  Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) contracts owned by United States
individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change without
notice. We cannot predict whether, when or how these rules could change. Any
change could affect contracts purchased before the change. Congress may also
consider proposals in the future to comprehensively reform or overhaul the
United States tax and retirement systems, which if enacted, could affect the tax
benefits of a contract. We cannot predict what, if any, legislation will
actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state income
and other state taxes, federal income tax and withholding rules for non-U.S.
taxpayers or federal gift and estate taxes. Transfers of the contract, rights or
values under the contract, or payments under the contract, for example, amounts
due to beneficiaries, may be subject to federal or state gift, estate, or
inheritance taxes. You should not rely only on this document, but should consult
your tax adviser before your purchase.


CONTRACTS THAT FUND A RETIREMENT ARRANGEMENT

Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b) Arrangements
("TSAs"), respectively: an IRA or 403(b) annuity contract such as this one, or
an IRA or 403(b)(7) custodial or other qualified account. Annuity contracts can
also be purchased in connection with retirement plans qualified under Code
Section 401 ("QP contracts"). How these arrangements work, including special
rules applicable to each, are described in the specific sections for each type
of arrangement, below. You should be aware that the funding vehicle for a
qualified arrangement does not provide any tax deferral benefit beyond that
already provided by the Code for all permissible funding vehicles. Therefore,
you should consider the annuity's features and benefits, such as
Accumulator's(R) choice of death benefits and baseBUILDER guaranteed minimum
income benefit, 12 month dollar cost averaging, selection of investment funds
and fixed maturity options and choices of pay-out options, as well as the
features and benefits of other permissible funding vehicles and the relative
costs of annuities and other arrangements. You should be aware that cost may
vary depending on the features and benefits made available and the charges and
expenses of the investment options or funds that you elect.

Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase, the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to, the
guaranteed minimum income benefit and enhanced death benefits. You should
consider the potential implication of these Regulations before you make
additional contributions or decide how to take required minimum distribution
payments. See also Appendix II at the end of this Prospectus for a discussion of
QP contracts.

TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable even without a distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust or other non-natural person). This provision does not apply to a trust
   which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

                                                             Tax information  49



ANNUITY PAYMENTS

Once annuity payments begin, a portion of each payment is taxable as ordinary
income. You get back the remaining portion without paying taxes on it. This is
your "investment in the contract." Generally, your investment in the contract
equals the contributions you made, less any amounts you previously withdrew that
were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any unrecovered
investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the contract.
If you withdraw an amount which is more than the earnings in the contract as of
the date of the withdrawal, the balance of the distribution is treated as a
return of your investment in the contract and is not taxable.

PROTECTION PLUS(SM) FEATURE

In order to enhance the amount of the death benefit to be paid at the
annuitant's death, you may have purchased a Protection Plus(SM) rider for your
NQ contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it is
possible that the IRS could take a contrary position or assert that the
Protection Plus(SM) rider is not part of the contract. In such a case the
charges for the Protection Plus(SM) rider could be treated for federal income
tax purposes as a partial withdrawal from the contract. If this were so, such a
deemed withdrawal could be taxable and, for contract owners under age 59-1/2,
also subject to a tax penalty. Were the IRS to take this position, AXA Equitable
would take all reasonable steps to attempt to avoid this result, which would
include amending the contract (with appropriate notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

The following information applies if you purchased your NQ contract through an
exchange of another contract. Normally, exchanges of contracts are taxable
events. The exchange was not taxable under Section 1035 of the Internal Revenue
Code if:

o  the contract that was the source of the funds you used to purchase the NQ
   contract was another nonqualified deferred annuity contract or life insurance
   or endowment contract.

o  the owner and the annuitant were the same under the source contract and the
   Accumulator(R) NQ contract. If you used a life insurance or endowment
   contract, the owner and the insured must have been the same on both sides of
   the exchange transaction.


Section 1035 exchanges are generally not available after the death of the owner
(or the annuitant in a non-natural owner contract).


The tax basis, also referred to as your investment in the contract, of the
source contract carried over to the Accumulator(R) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers and provision of cost basis information may be required to
process this type of an exchange.

SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as ordinary
income (not capital gain) to the extent it exceeds your investment in the
contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH

For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2, a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax. Some
of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas.

INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as the
owner (for tax purposes) of the assets of Separate Accounts 45 and 49. If you
were treated as the owner, you would be taxable on income and gains attributable
to the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Accounts 45 and 49. The IRS has said that the owners of variable annuities will
not be treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and must
have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Accounts 45 and 49,

50  Tax information



there are some issues that remain unclear. For example, the IRS has not issued
any guidance as to whether having a larger number of portfolios available, or an
unlimited right to transfer among them, could cause you to be treated as the
owner. We do not know whether the IRS will ever provide such guidance or whether
such guidance, if unfavorable, would apply retroactively to your contract.
Furthermore, the IRS could reverse its current guidance at any time. We reserve
the right to modify your contract as necessary to prevent you from being treated
as the owner of the assets of Separate Accounts 45 and 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types of
such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds the
assets funding the account for the benefit of the IRA owner. The assets
typically include mutual funds and/or individual stocks and securities in a
custodial account, and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required to
combine IRA values or contributions for tax purposes. For further information
about individual retirement arrangements, you can read Internal Revenue Service
Publication 590 ("Individual Retirement Arrangements (IRAs)"). This publication
is usually updated annually, and can be obtained from any IRS district office or
the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may have
purchased the contract as either a traditional IRA or Roth IRA. We offered
traditional IRAs in the Rollover IRA contracts. We offered Roth IRAs in the Roth
Conversion IRA contracts. The first part of this section covers some of the
special tax rules that apply to traditional IRAs. The next part of this section
covers Roth IRAs. The disclosure generally assumes direct ownership of the
individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.


We have received an opinion letter from the IRS approving the respective forms
of the Accumulator(R) traditional and Roth IRA contracts for use as a
traditional IRA and a Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) traditional and Roth IRA contracts.


PROTECTION PLUS(SM) FEATURE

The Protection Plus(SM) feature was offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a Protection Plus(SM) feature qualifies as to form for use as a
traditional IRA and Roth IRA, respectively. This IRS approval is a determination
only as to the form of the annuity. It does not represent a determination of the
merits of the annuity as an investment. The contracts submitted for IRS approval
do not include every feature possibly available under the Accumulator(R)
traditional and Roth IRA contracts. You should consult with your tax adviser for
further information.

Your right to cancel within a certain number of days

This is provided for informational purposes only. Since this contract is no
longer available to new purchasers, this cancellation provision is no longer
applicable. You can cancel any version of the Accumulator(R) IRA contract
(traditional IRA or Roth IRA) by following the directions in "Your right to
cancel within a certain number of days" under "Contract features and benefits"
earlier in this Prospectus. If you cancel a traditional IRA or Roth IRA
contract, we may have to withhold tax, and we must report the transaction to the
IRS. A contract cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Contributions to traditional IRAs. Individuals may make three different types of
contributions to purchase a traditional IRA or as subsequent contributions to an
existing IRA:

o  "regular" contributions out of earned income or compensation; or


o  tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers").

Regular contributions to traditional IRAs

Limits on contributions. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all

                                                             Tax information  51




of your IRAs (traditional and Roth) as regular contributions for the particular
taxable year. The maximum regular contribution amount depends on age, earnings,
and year, among other things. Generally, $4,000 is the maximum amount that you
may contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount
is $5,000. When your earnings are below $4,000 your earned income or
compensation for the year is the most you can contribute. This limit does not
apply to rollover contributions or direct custodian-to-custodian transfers into
a traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch-up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be less
if earned income is less and the other spouse has made IRA contributions. No
more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional IRAs
and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. "Catch-up" contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.


Deductibility of contributions. The amount of traditional IRA contributions that
you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored tax-favored retirement plan, as defined under special federal
income tax rules. Your Form W-2 will indicate whether or not you are covered by
such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you can
make fully deductible contributions to your traditional IRAs for the taxable
year up to the maximum amount discussed earlier in this section under "Limits on
contributions". That is, for 2007, your fully deductible contribution can be up
to $4,000 ($5,000 for 2008), or if less, your earned income. The dollar limit is
$5,000 for people eligible to make age 50-70-1/2 catch-up contributions for 2007
($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct any
of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible contributions
beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000 (for 2007, AGI between $52,000 and $62,000 after
adjustment).

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000 (for 2007, AGI
between $83,000 and $103,000 after adjustment).

Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional IRA
contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI between
$150,000 and $160,000 (for 2007, AGI between $156,000 and $166,000 after
adjustment).



To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

($10,000-excess AGI)    times    the maximum     Equals   the adjusted
- ---------------------     x        regular          =      deductible
 divided by $10,000              contribution             contribution
                                 for the year                 limit


Additional "Saver's Credit" for contributions to a
traditional IRA or Roth IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be 18 or over
before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax return
and your adjusted gross income cannot exceed $50,000 ($52,000 after cost of
living indexing beginning in 2007). The amount of the tax credit you can get
varies from 10% of your contribution to 50% of your contribution and depends on
your income tax filing status and your adjusted gross income. The maximum annual
contribution eligible for the saver's credit is $2,000. If you and your spouse
file a joint return and each of


52  Tax information



you qualifies, each is eligible for a maximum annual contribution of $2,000.
Your saver's credit may also be reduced if you take or have taken a taxable
distribution from any plan eligible for a saver's credit contribution -- even if
you make a contribution to one plan and take the distribution from another plan
- -- during the "testing period." The "testing period" begins two years before the
year for which you make the contribution and ends when your tax return is due
for the year for which you make the contribution. Saver's-credit-eligible
contributions may be made to a 401(k) plan, 403(b) TSA, governmental employer
457(b) plan, SIMPLE IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.


Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007). The
dollar limit is $5,000 in 2007 ($6,000 for 2008) for people eligible to make age
50-70-1/2 "catch-up" contributions. See "Excess contributions" later in this
section. You must keep your own records of deductible and nondeductible
contributions in order to prevent double taxation on the distribution of
previously taxed amounts. See "Withdrawals, payments and transfers of funds out
of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records pertaining
to such contributions until interests in all traditional IRAs are fully
distributed.

When you can make regular contributions. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make your
regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custo dial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional IRA
to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o  Do it yourself:
   You actually receive a distribution that can be rolled over and you roll it
   over to a traditional IRA within 60 days after the date you receive the
   funds. The distribution from your eligible retirement plan will be net of 20%
   mandatory federal income tax withholding. If you want, you can replace the
   withheld funds yourself and roll over the full amount.

o  Direct rollover:
   You tell the trustee or custodian of the eligible retirement plan to send the
   distribution directly to your traditional IRA issuer. Direct rollovers are
   not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o  "required minimum distributions" after age 70-1/2 or retirement from service
   with the employer; or

o  substantially equal periodic payments made at least annually for your life
   (or life expectancy) or the joint lives (or joint life expectancies) of you
   and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  death benefit payments to a beneficiary who is not your surviving spouse; or

o  qualified domestic relations order distributions to a beneficiary who is not
   your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this pen-

                                                             Tax information  53



alty if you roll the funds to a different type of eligible retirement plan, such
as a traditional IRA, and subsequently take a premature distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently than
once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement plan
under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result of
a court-ordered divorce or separation decree.


Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o  regular contributions of more than the maximum regular contri bution amount
   for the applicable taxable year; or

o  regular contributions to a traditional IRA made after you reach age 70-1/2;
   or

o  rollover contributions of amounts which are not eligible to be rolled over,
   for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income. It
is also not subject to the 10% additional penalty tax on early distributions,
discussed later in this section under "Early distribution penalty tax." You do
have to withdraw any earnings that are attributed to the excess contribution.
The withdrawn earnings would be included in your gross income and could be
subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1)  the rollover was from an eligible retirement plan to a traditional IRA;

(2)  the excess contribution was due to incorrect information that the plan
     provided; and

(3)  you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA (it
does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the end
of any year in which you have received a distribution from any traditional IRA,
you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus all
traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o  the amount received is a withdrawal of excess contributions, as described
   under "Excess contributions" earlier in this section; or

o  the entire amount received is rolled over to another traditional

54  Tax information



     IRA or other eligible retirement plan which agrees to accept the funds.
     (See "Rollovers from eligible retirement plans other than traditional IRAs"
     under "Rollover and transfer contributions to traditional IRAs" earlier in
     this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b) plan.
After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


Required minimum distributions

Background on Regulations--Required Minimum Distributions. Distributions must be
made from traditional IRAs according to the rules contained in the Code and
Treasury Regulations. Beginning in 2006, certain provisions of the Treasury
Regulations require that the actuarial present value of additional annuity
contract benefits must be added to the dollar amount credited for purposes of
calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income benefits
and enhanced death benefits. This could increase the amount required to be
distributed from these contracts if you take annual withdrawals instead of
annuitizing. Please consult your tax adviser concerning applicability of these
complex rules to your situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your Required Beginning Date, which
is April 1st of the calendar year after the calendar year in which you turn age
70-1/2. If you choose to delay taking the first annual minimum distribution,
then you will have to take two minimum distributions in that year -- the delayed
one for the first year and the one actually for that year. Once minimum
distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions. There are two approaches
to taking required minimum distributions -- "account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by a
number corresponding to your age from an IRS table. This gives you the required
minimum distribution amount for that particular IRA for that year. If your
spouse is your sole beneficiary and more than 10 years younger than you, the
dividing number you use may be from another IRS table and may produce a smaller
lifetime required minimum distribution amount. Regardless of the table used, the
required minimum distribution amount will vary each year as the account value,
the actuarial present value of additional annuity contract benefits, if
applicable, and the divisor change. If you initially choose an account-based
method, you may later apply your traditional IRA funds to a life annuity-based
payout with any certain period not exceeding remaining life expectancy,
determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a period
certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional IRAs
and other retirement plans. For example, you can choose an annuity payout from
one IRA, a different annuity payout from a qualified plan and an account-based
annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount, you
may choose to take your annual required minimum distribution from any one or
more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry--

                                                             Tax information  55



forward provisions. Also, you cannot apply required minimum distribution amounts
you take from your qualified plans to the amounts you have to take from your
traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method with
us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owners death. No distribution is required before that
fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of choices.
Post-death distributions may be made over your spouse's single life expectancy.
Any amounts distributed after that surviving spouse's death are made over the
spouse's life expectancy calculated in the year of his/her death, reduced by one
for each subsequent year. In some circumstances, your surviving spouse may elect
to become the owner of the traditional IRA and halt distributions until he or
she reaches age 70-1/2, or roll over amounts from your traditional IRA into
his/her own traditional IRA or other eligible retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained age
70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules permit
the beneficiary to calculate post-death required minimum distribution amounts
based on the owner's life expectancy in the year of death. However, note that we
need an individual annuitant to keep an annuity contract in force. If the
beneficiary is not an individual, we must distribute amounts remaining in the
annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of the
annuitant.

Successor owner and annuitant

If your spouse is the sole primary beneficiary and elects to become the
successor owner and annuitant, no death benefit is payable until your surviving
spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA as
collateral for a loan or other obligation. If you borrow against your IRA or use
it as collateral, its tax-favored status will be lost as of the first day of the
tax year in which this prohibited event occurs. If this happens, you must
include the value of the traditional IRA in your federal gross income. Also, the
early distribution penalty tax of 10% may apply if you have not reached age
59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include
distributions:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  used to pay certain extraordinary medical expenses (special fed eral income
   tax definition); or

o  used to pay medical insurance premiums for unemployed indi viduals (special
   federal income tax definition); or

o  used to pay certain first-time home buyer expenses (special fed eral income
   tax definition; $10,000 lifetime total limit for these distributions from all
   your traditional and Roth IRAs); or

o  used to pay certain higher education expenses (special federal income tax
   definition); or

o  in the form of substantially equal periodic payments made at

56  Tax information



     least annually over your life (or your life expectancy) or over the joint
     lives of you and your beneficiary (or your joint life expectancies) using
     an IRS-approved distribution method.


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments,
using your choice of IRS-approved methods we offer. Although substantially equal
withdrawals and Income Manager(SM) payments are not subject to the 10% penalty
tax, they are taxable as discussed in "Withdrawals, payments and transfers of
funds out of traditional IRAs" earlier in this section. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under either option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.


Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Roth IRA contract is designed to qualify as a Roth individual
retirement annuity under Sections 408A(b) and 408(b) of the Internal Revenue
Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o  regular after-tax contributions out of earnings; or

o  taxable rollover contributions from traditional IRAs ("conversion"
   contributions); or

o  tax-free rollover contributions from other Roth arrangements; or

o  tax-free direct custodian-to-custodian transfers from other Roth IRAs
   ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA or a Flexible Premium Roth IRA contract. If you use the
forms we require, we will also accept traditional IRA funds which are
subsequently recharacterized as Roth IRA funds following special federal income
tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Regular contributions to Roth IRAs


Limits on regular contributions. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
years. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability to
contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.


If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2006. This
amount stays the same for the taxable year 2007.


With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (cost of living indexed beginning in 2007):



o  your federal income tax filing status is "married filing jointly" and your
   modified adjusted gross income is over $160,000 (for 2007, $166,000 after
   adjustment); or



o  your federal income tax filing status is "single" and your modified adjusted
   gross income is over $110,000 (for 2007, $114,000 after adjustment).


However, you can make regular Roth IRA contributions in reduced amounts when:


o  your federal income tax filing status is "married filing jointly" and your
   modified adjusted gross income is between $150,000 and $160,000 (for 2007,
   AGI between $156,000 and $166,000 after adjustment); or



o  your federal income tax filing status is "single" and your modified adjusted
   gross income is between $95,000 and $110,000 (for 2007, between $99,000 and
   $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross income
is between $0 and $10,000 the amount of regular contributions you are permitted
to make is phased out. If your modified adjusted gross income is more than
$10,000 you cannot make regular Roth IRA contributions.

When you can make contributions. Same as traditional IRAs.

Deductibility of contributions. Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received

                                                             Tax information  57



them under tax law in the case of a change from one type of plan to another. In
a direct transfer transaction, you never take possession of the funds, but
direct the first Roth IRA custodian, trustee or issuer to transfer the first
Roth IRA funds directly to the recipient Roth IRA custodian, trustee or issuer.
You can make direct transfer transactions only between identical plan types (for
example, Roth IRA to Roth IRA). You can also make rollover transactions between
identical plan types. However, you can only use rollover transactions between
different plan types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o  another Roth IRA ("tax-free rollover contribution");

o  from a "designated Roth contribution account" under a 401(k) plan or a 403(b)
   arrangement;

o  another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
   rollover limitation period for SIMPLE IRA funds), in a taxable conversion
   rollover ("conversion contribution");


o  you may not make contributions to a Roth IRA from a qualified plan under
   section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
   the Internal Revenue Code or any other eligible retirement plan until 2008.
   You make make rollover contributions from a "designated Roth contribution
   account" under a 401(k) plan or a 403(b) arrangement which permits designated
   Roth elective deferral contributions to be made, beginning in 2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover transactions
only once in any 12-month period for the same funds. Trustee-to-trustee or
custodian-to-custodian direct transfers can be made more frequently than once a
year. Also, if you send us the rollover contribution to apply it to a Roth IRA,
you must do so within 60 days after you receive the proceeds from the original
IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is generally
fully taxable. For this reason, we are required to withhold 10% federal income
tax from the amount converted unless you elect out of such withholding. If you
have ever made nondeductible regular contributions to any traditional IRA --
whether or not it is the traditional IRA you are converting -- a pro rata
portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.


The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
computed without the gross income stemming from the traditional IRA conversion.
Modified adjusted gross income for this purpose excludes any lifetime required
minimum distribution from a traditional IRA.) You also cannot make conversion
contributions to a Roth IRA for any taxable year in which your federal income
tax filing status is "married filing separately."


You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you reconvert
during either of these periods, it will be a failed Roth IRA conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as includible
in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must have
the contribution transferred from the first IRA (the one to which it was made)
to the second IRA in a deemed trustee-to-trustee transfer. If the transfer is
made by the due date (including extensions) for your tax return for the year
during which the contribution was made, you can elect to treat the contribution
as having been originally made to the second IRA instead of to the first IRA. It
will be treated as having been made to the second IRA on the same date that it
was actually made to the first IRA. You must report the recharacterization and
must treat the contribution as having been made to the second IRA, instead of
the first IRA, on your tax return for the year during which the contribution was
made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution

58  Tax information



while it was in the IRA when calculating the amount that must be transferred. If
there was a loss, the net income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net income
transferred with the recharacterized contribution is treated as earned in the
second IRA. The contribution will not be treated as having been made to the
second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated as
a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled to
the special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o  Rollovers from a Roth IRA to another Roth IRA;

o  Direct transfers from a Roth IRA to another Roth IRA;

o  Qualified distributions from a Roth IRA; and

o  Return of excess contributions or amounts recharacterized to a traditional
   IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o  you are age 59-1/2; or older or

o  you die; or

o  you become disabled (special federal income tax definition); or

o  your distribution is a "qualified first-time homebuyer distribution" (special
   federal income tax definition; $10,000 lifetime total limit for these
   distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or not
the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally, total
     conversions from the earliest year first). These conversion contributions
     are taken into account as follows:

     (a) Taxable portion (the amount required to be included in gross income
         because of conversion) first, and then the

     (b) Nontaxable portion.

(3)  Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions are
aggregated or grouped and added together as follows:

(1)  All distributions made during the year from all Roth IRAs you maintain --
     with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contribu tions made
     after the close of the year, but before the due date of your return) are
     added together. This total is added to the total undistributed regular
     contributions made in prior years.


(3)  All conversion contributions made during the year are added together. For
     purposes of the ordering rules, in the case of any conversion in which the
     conversion distribution is made in 2007 and the conversion contribution is
     made in 2008, the conversion contribution is treated as contributed prior
     to other conversion contributions made in 2008.


                                                             Tax information  59



Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution would
have been taken into account if it had been made directly to the Roth IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA is
disregarded for the purpose of grouping both contributions and distributions.
Any amount withdrawn to correct an excess contribution (including the earnings
withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the due
date (including extensions) for filing your federal income tax return for the
tax year. If you do this, you must also withdraw or recharacterize any earnings
attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally, there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Internal
Revenue Code or a custodial account that invests only in mutual funds and which
is treated as an annuity contract under Section 403(b)(7) of the Code. Both
types of 403(b) arrangements qualify for tax deferral.

Protection plus(SM) feature

The Protection Plus(SM) feature was offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Protection
Plus(SM) benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Protection
Plus(SM) rider is not a permissible part of a TSA contract. If the IRS were to
take the position that the optional Protection Plus(SM) benefit is not part of
the contract, in such a case, the charges for the Protection Plus(SM) rider
could be treated for federal income tax purposes as a partial withdrawal from
the contract. If this were so, such a deemed withdrawal could affect the tax
qualification of the TSA and could be taxable. Were the IRS to take any adverse
position, AXA Equitable would take all reasonable steps to attempt to avoid any
adverse result, which would include amending the contract (with appropriate
notice to you). You should consult with your tax adviser for further
information.

Contributions to TSAs

There were two ways you might have contributed to establish this Accumulator(R)
Rollover TSA contract:

o  a full or partial direct transfer of assets ("direct transfer") from another
   contract or arrangement that met the requirements of Section 403(b) of the
   Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o  a rollover from another 403(b) arrangement.

If you made a direct transfer, you filled out our transfer form.

We do not accept after-tax funds in the Rollover TSA. We do not accept
"designated Roth contributions" rolled over from a 401(k) plan or a 403(b)
arrangement or directly transferred from another 403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Rollover TSA contract does
not accept employer-remitted contributions. How-

60  Tax information



ever, we provide the following discussion as part of our description of
restrictions on the distribution of funds directly transferred, which include
employer-remitted contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or all
of the contributions made to a TSA are made under a salary reduction agreement
between the employee and the employer. These contributions are called "salary
reduction" or "elective deferral" contributions and are generally made on a
pre-tax basis. Beginning in 2006, if the employer's plan permits, an employee
may designate some or all of salary reduction contributions as "designated Roth
contributions" to the 403(b) arrangement which are made on an after-tax basis.
However, a TSA can also be wholly or partially funded through nonelective
employer contributions or other after-tax employee contributions. Amounts
attributable to salary reduction contributions to TSAs are generally subject to
withdrawal restrictions. Also, all amounts attributable to investments in a
403(b)(7) custodial account are subject to withdrawal restrictions discussed
below.

Rollover or direct transfer contributions. Once you establish your Rollover TSA
contract with 403(b)-source funds, you may make subsequent rollover
contributions to your Rollover TSA contract from these sources: qualified plans,
governmental employer 457(b) plans and traditional IRAs, as well as other TSAs
and 403(b) arrangements. All rollover contributions must be pre-tax funds only
with appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o  termination of employment with the employer who provided the funds for the
   plan; or

o  reaching age 59-1/2 even if you are still employed; or

o  disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled-over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a distribution.
We accept direct transfers of TSA funds under Revenue Ruling 90-24 only if:

o  you give us acceptable written documentation as to the source of the funds,
   and

o  the Accumulator(R) contract receiving the funds has provisions at least as
   restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Rollover TSA contract, you may
have to obtain your employer's authorization or demonstrate that you do not need
employer authorization. For example, the transferring TSA may be subject to
Title I of ERISA, if the employer makes matching contributions to salary
reduction contributions made by employees. In that case, the employer must
continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Rollover TSA must be net of the required
minimum distribution for the tax year in which we issue the contract if:

o  you are or will be at least age 70-1/2 in the current calendar year, and

o  you have retired from service with the employer who provided the funds to
   purchase the TSA you are transferring or rolling over to the Accumulator(R)
   Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o  rollover by check of the proceeds from another TSA or eligible retirement
   plan; or

o  direct rollover from another TSA or eligible retirement plan; or

o  direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General. Depending on the terms of the employer plan and your employment status,
you may have to get your employer's consent to take a loan or withdrawal. Your
employer will tell us this when you establish the TSA through a direct transfer.

Withdrawal restrictions. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the following
events happens:

o  you are severed from employment with the employer who pro vided the funds to
   purchase the TSA you are transferring to the Accumulator(R) Rollover TSA; or

                                                             Tax information  61



o  you reach age 59-1/2; or o

o  you die; or

o  you become disabled (special federal income tax definition); or

o  you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account, such
amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to your
TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA distributions
may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as pro
rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity Payments. If you elect an annuity payout option, you will recover any
investment in the contract as each payment is received by dividing the
investment in the contract by an expected return determined under an IRS table
prescribed for qualified annuities. The amount of each payment not excluded from
income under this exclusion ratio is fully taxable. The full amount of the
payments received after your investment in the contract is recovered is fully
taxable. If you (and your beneficiary under a joint and survivor annuity) die
before recovering the full investment in the contract, a deduction is allowed on
your (or your beneficiary's) final tax return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. You may take loans from a TSA unless restricted by the employer
(for example, under an employer plan subject to ERISA). If you cannot take a
loan, or cannot take a loan without approval from the employer who provided the
funds, we will have this information in our records based on what you and the
employer who provided the TSA funds told us when you purchased your contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the loan
is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o  The amount of a loan to a participant, when combined with all other loans to
   the participant from all qualified plans of the employer, cannot exceed the
   lesser of:

     (1)  the greater of $10,000 or 50% of the participant's nonfor feitable
          accrued benefits; and

     (2)  $50,000 reduced by the excess (if any) of the highest out standing
          loan balance over the previous twelve months over the outstanding loan
          balance of plan loans on the date the loan was made.

o  In general, the term of the loan cannot exceed five years unless the loan is
   used to acquire the participant's primary residence. Accumulator(R) Rollover
   TSA contracts have a term limit of 10 years for loans used to acquire the
   participant's primary residence.

o  All principal and interest must be amortized in substantially level payments
   over the term of the loan, with payments being made at least quarterly. In
   very limited circumstances, the repayment obligation may be temporarily
   suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

62  Tax information



o the loan does not qualify under the conditions above;

o the participant fails to repay the interest or principal when due; or

o in some instances, the participant separates from service with the
  employer who provided the funds or the plan is terminated.



In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as a
distribution. For purposes of future loans under any plans of the employer, a
defaulted loan, including interest accrued on the unpaid balance, is treated as
outstanding, even after the default is reported to the IRS on Form 1099-R.



Tax-deferred rollovers and direct transfers. You may roll over an "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.



You may roll over a distribution from a TSA to any of the following: a qualified
plan, a governmental employer 457(b) plan (separate accounting required) or a
traditional IRA. A spousal beneficiary may also roll over death benefits as
above. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.



The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period of
10 years or more, hardship withdrawals and required minimum distributions under
federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling 90-24
are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking annual
distributions from their TSAs by a required date. Generally, you must take the
first required minimum distribution for the calendar year in which you turn age
70-1/2. You may be able to delay the start of required minimum distributions for
all or part of your account balance until after age 70-1/2, as follows:

o    For TSA participants who have not retired from service with the employer
     who provided the funds for the TSA by the calendar year the participant
     turns age 70-1/2, the required beginning date for minimum distributions is
     extended to April 1 following the calendar year of retirement.

o    TSA plan participants may also delay the start of required mini
     mum distributions to age 75 of the portion of their account value
     attributable to their December 31, 1986, TSA account balance, even if
     retired at age 70-1/2. We will know whether or not you qualify for this
     exception because it will only apply to people who establish their
     Accumulator(R) Rollover TSA by direct Revenue Ruling 90-24 transfers. If
     you do not give us the amount of your December 31, 1986, account balance
     that is being transferred to the Accumulator(R) Rollover TSA on the form
     used to establish the TSA, you do not qualify.

Spousal consent rules

This only applies to you if you established your Accumulator(R) Rollover TSA by
direct Revenue Ruling 90-24 transfer. Your employer will tell us on the form
used to establish the TSA whether or not you need to get spousal consent for
loans, withdrawals or other distributions. If you do, you will need such consent
if you are married when you request a withdrawal under the TSA contract. In
addition, unless you elect otherwise with the written consent of your spouse,
the retirement benefits payable under the plan must be paid in the form of a
qualified joint and survivor annuity. A qualified joint and survivor annuity is
payable for the life of the annuitant with a survivor annuity for the life of
the spouse in an amount not less than one-half of the amount payable to the
annuitant during his or her lifetime. In addition, if you are married, the
beneficiary must be your spouse, unless your spouse consents in writing to the
designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments will
be made to your surviving spouse in the form of a life annuity unless at the
time of your death a contrary election was in effect. However, your surviving
spouse may elect, before payments begin, to receive payments in any form
permitted under the terms of the TSA contract and the plan of the employer who
provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the available
exceptions to the pre-age 59-1/2 penalty tax include distributions made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    to pay for certain extraordinary medical expenses (special federal
     income tax definition); or

o    in any form of payout after you have separated from service (only if the
     separation occurs, during or after the calendar year you reach age 55); or

o    in a payout in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy), or over the joint
     lives of you and your beneficiary (or your joint life

                                                             Tax information  63



     expectancies) using an IRS-approved distribution method (only after you
     have separated from service at any age).

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable. The
rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this purpose.
You cannot elect out of withholding unless you provide us with your correct
Taxpayer Identification Number and a United States residence address. You cannot
elect out of withholding if we are sending the payment out of the United States.

You should note the following special situations:

o    We might have to withhold and/or report on amounts we pay under a free look
     or cancellation.

o    We are generally required to withhold on conversion rollovers of
     traditional IRAs to Roth IRAs, as it is considered a withdrawal from the
     traditional IRA and is taxable.

o    We are required to withhold on the gross amount of a distribu tion from a
     Roth IRA to the extent it is reasonable for us to believe that a
     distribution is includable in your gross income. This may result in tax
     being withheld even though the Roth IRA distribution is ultimately not
     taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States citizens
residing outside the United States. We do not discuss these rules here in
detail. However, we may require additional documentation in the case of payments
made to non-United States persons and United States persons living abroad prior
to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state or
any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.



Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective unless
and until you revoke it. You may revoke or change your withholding election at
any time.



Federal income tax withholding on non-periodic annuity payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from a
qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o    any distributions which are required minimum distributions after
     age 70-1/2 or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for your life
     (or life expectancy) or the joint lives (or joint life expectancies) of you
     and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period of 10
     years or more; or

64  Tax information



o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  a death benefit payment to a beneficiary who is not your surviv
   ing spouse; or

o  a qualified domestic relations order distribution to a beneficiary who is
   not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 45 and Separate
Account No. 49 for taxes. We do not now, but may in the future set up reserves
for such taxes.

                                                             Tax information  65



8. More information

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ABOUT SEPARATE ACCOUNT NO. 45 AND SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 45 and
in Separate Account No. 49. We established Separate Account No. 45 in 1994 and
Separate Account No. 49 in 1996 under special provisions of the New York
Insurance Law. These provisions prevent creditors from any other business we
conduct from reaching the assets we hold in our variable investment options for
owners of our variable annuity contracts. We are the legal owner of all of the
assets in Separate Account No. 45 and in Separate Account No. 49 and may
withdraw any amounts that exceed our reserves and other liabilities with
respect to variable investment options under our contracts. The results of
Separate Accounts' operations are accounted for without regard to AXA
Equitable's other operations. The amount of some of our obligations under the
contracts is based on the assets in Separate Account No. 45 and Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 45 and Separate Account No. 49 are registered under the
Investment Company Act of 1940 and are registered and classified under that act
as "unit investment trusts." The SEC, however, does not manage or supervise AXA
Equitable or Separate Account No. 45 or Separate Account No. 49. Although
Separate Account No. 45 and Separate Account No. 49 are registered, the SEC
does not monitor the activity of Separate Account No. 45 or Separate Account
No. 49 on a daily basis. AXA Equitable is not required to register, and is not
registered, as an investment company under the Investment Company Act of 1940.

Each Separate Account is registered under the Investment Company Act of 1940 and
is classified by that act as a "unit investment trust." The SEC, however, does
not manage or supervise AXA Equitable or the Separate Accounts.

Each subaccount (variable investment option) within the Separate Accounts
invests solely in Class IB/B shares issued by the corresponding portfolio of
either Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from either Separate Account, or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate each Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against each Separate Account
     or a variable investment option directly);

(5)  to deregister the Separate Accounts under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Accounts;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

AXA Premier VIP Trust and EQ Advisors Trust are registered under the Investment
Company Act of 1940. They are classified as "open-end management investment
companies," more commonly called mutual funds. Each Trust issues different
shares relating to each portfolio.

AXA Equitable serves as the investment manager of the Trusts. As such, AXA
Equitable oversees the activities of the investment advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
advisers.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish additional
portfolios or eliminate existing portfolios at any time. More detailed
information about each Trust, its portfolio investment objectives, policies,
restrictions, risks, expenses, its Rule 12b-1 Plan and other aspects of its
operations, appear in the prospectuses for each Trust, which are generally
attached at the end of this Prospectus, or in the respective SAIs, which are
available upon request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table are illustrative only and
will most likely differ from the rates applicable at time of purchase. Current
FMO rates can be obtained from your financial professional.



The rates to maturity for new allocations as of February 15, 2007, and the
related price per $100 of maturity value were as shown below:



66  More information




- --------------------------------------------------------------------------------
    Fixed Maturity
   Options with
   February 15th       Rate to Maturity          Price
 Maturity Date of          as of           Per $100 of
   Maturity Year     February 15, 2007    Maturity Value
- --------------------------------------------------------------------------------
        2008                3.72%               $ 96.41
        2009                3.75%               $ 92.89
        2010                3.78%               $ 89.46
        2011                3.86%               $ 85.93
        2012                3.97%               $ 82.30
        2013                4.04%               $ 78.83
        2014                4.11%               $ 75.41
        2015                4.15%               $ 72.22
        2016                4.25%               $ 68.74
        2017                4.29%               $ 65.68
- --------------------------------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT



We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw all of your value from a fixed
maturity option before its maturity date.



(1)  We determine the market adjusted amount on the date of the withdrawal as
     follows:

  (a) We determine the fixed maturity amount that would be payable on the
      maturity date, using the rate to maturity for the fixed maturity
      option.

  (b) We determine the period remaining in your fixed maturity option
      (based on the withdrawal date) and convert it to fractional years
      based on a 365-day year. For example, three years and 12 days
      becomes 3.0329.

  (c) We determine the current rate to maturity that applies on the
      withdrawal date to new allocations to the same fixed maturity
      option.

  (d) We determine the present value of the fixed maturity amount payable
      at the maturity date, using the period determined in (b) and the
      rate determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3)  We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.

- --------------------------------------------------------------------------------
Your market adjusted amount is the present value of the maturity value
discounted at the rate to maturity in effect for new contributions to that same
fixed maturity option on the date of the calculation.
- --------------------------------------------------------------------------------

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment that
would have applied if you had withdrawn the entire value in that fixed maturity
option. This percentage is equal to the percentage of the value in the fixed
maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined in accordance with our procedures then in effect. We reserve the
right to add up to 0.25% to the current rate in (1)(c) above for purposes of
calculating the market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held in
this separate account. We may, subject to state law that applies, transfer all
assets allocated to the separate account to our general account. We guarantee
all benefits relating to your value in the fixed maturity options, regardless of
whether assets supporting fixed maturity options are held in a separate account
or our general account.

We have no specific formula for establishing the rates to maturity for the fixed
maturity options. We expect the rates to be influenced by, but not necessarily
correspond to, among other things, the yields that we can expect to realize on
the separate account's investments from time to time. Our current plans are to
invest in fixed-income obligations, including corporate bonds, mortgage-backed
and asset-backed securities, and government and agency issues having durations
in the aggregate consistent with those of the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the contracts,
we are not obligated to invest those assets according to any particular plan
except as we may be required to by state insurance laws. We will not determine
the rates to maturity we establish by the performance of the nonunitized
separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the fixed maturity options, as well as our general
obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations of
all jurisdictions where we are authorized to do business. Interests under the
contracts in the general account have not been registered and are not required
to be registered under the Securities Act of 1933 because of exemptions and
exclusionary provisions that apply. The general account is not required to
register as an invest-

                                                            More information  67



ment company under the Investment Company Act of 1940 and it is not registered
as an investment company under the Investment Company Act of 1940. The market
value adjustment interests under the contracts, which are held in a separate
account, are issued by AXA Equitable and are registered under the Securities Act
of 1933. The contract is a "covered security" under the federal securities laws.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept subsequent contributions sent by wire to our processing office by
agreement with certain broker-dealers. Such transmittals must be accompanied by
information we require to allocate your contribution. Wire orders not
accompanied by complete information may be retained as described under "How you
can make your contributions" in "Contract features and benefits" earlier in this
Prospectus.

Even if we accepted the wire order and essential information, a contract
generally was not issued until we received and accepted a properly completed
application. In certain cases, we may have issued a contract based on
information provided through certain broker-dealers with whom we have
established electronic facilities. In any such case, you must have signed our
Acknowledgement of Receipt form.

Where we required a signed application, the above procedures did not apply and
no financial transactions were permitted until we received the signed
application and issued the contract. Where we issued a contract based on
information provided though electronic facilities, we required an
Acknowledgement of Receipt form. Financial transactions were only permitted if
you requested them in writing, signed the request and had it signature
guaranteed, until we received the signed Acknowledgement of Receipt form. After
a contract is issued, additional contributions are allowed by wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY

You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account or
credit union checking account and contributed as an additional contribution into
an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, QP or Rollover TSA contracts.

For NQ contracts, the minimum amounts we will deduct are $100 monthly and $300
quarterly. AIP additional contributions may be allocated to any of the variable
investment options and available fixed maturity options. You choose the day of
the month you wish to have your account debited. However, you may not choose a
date later than the 28th day of the month.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all the
required information unless another date applies as indicated below.

o   If your contribution, transfer or any other transaction request, containing
    all the required information, reaches us on a non-business day or after 4:00
    p.m. on a business day, we will use the next business day.

o   A loan request under your Rollover TSA contract will be processed on the
    first business day of the month following the date on which the properly
    completed loan request form is received.

o   If your transaction is set to occur on the same day of the month as the
    contract date and that date is the 29th, 30th or 31st of the month, then the
    transaction will occur on the 1st day of the next month.

o   When a charge is to be deducted on a contract date anniversary that is a
    non-business day, we will deduct the charge on the next business day.

o   If we have entered into an agreement with your broker-dealer for automated
    processing of contributions upon receipt of customer order, your
    contribution will be considered received at the time your broker-dealer
    receives your contribution and all information needed to process your
    application, along with any required documents, and transmits your order to
    us in accordance with our processing procedures. Such arrangements may apply
    to initial contributions, subsequent contributions, or both, and may be
    commenced or terminated at any time without prior notice. If required by
    law, the "closing time" for such orders will be earlier than 4 p.m., Eastern
    Time.

68  More information



CONTRIBUTIONS AND TRANSFERS



o   Contributions allocated to the variable investment options are invested at
    the unit value next determined after the receipt of the contribution.

o   Contributions allocated to a fixed maturity option will receive the rate to
    maturity in effect for that fixed maturity option on that business day.

o   Transfers to or from variable investment options will be made at the unit
    value next determined after the receipt of the transfer request.

o   Transfers to a fixed maturity option will be based on the rate to maturity
    in effect for that fixed maturity option on the business day of the
    transfer.

ABOUT YOUR VOTING RIGHTS

As the owner of shares of the Trusts, we have the right to vote on certain
matters involving the portfolios, such as:

o the election of trustees;

o the formal approval of independent public accounting firm selected for each
  Trust; or

o any other matters described in each prospectus for the Trusts or requiring a
  shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is taken.
If we do not receive instructions in time from all contract owners, we will vote
the shares of a portfolio for which no instructions have been received in the
same proportion as we vote shares of that portfolio for which we have received
instructions. We will also vote any shares that we are entitled to vote directly
because of amounts we have in a portfolio in the same proportions that contract
owners vote.

VOTING RIGHTS OF OTHERS

Currently, we control the Trusts. Its shares are sold to our separate accounts
and an affiliated qualified plan trust. In addition, shares of the Trusts are
held by separate accounts of insurance companies both affiliated and
unaffiliated with us. Shares held by these separate accounts will probably be
voted according to the instructions of the owners of insurance policies and
contracts issued by those insurance companies. While this will dilute the effect
of the voting instructions of the contract owners, we currently do not foresee
any disadvantages because of this. The Board of Trustees of each Trust intends
to monitor events in order to identify any material irreconcilable conflicts
that may arise and to determine what action, if any, should be taken in
response. If we believe that a response to any of those events insufficiently
protects our contract owners, we will see to it that appropriate action is
taken.

SEPARATE ACCOUNT NO. 45 AND SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Accounts require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount of
reserves we are holding for that annuity in a variable investment option divided
by the annuity unit value for that option. We will cast votes attributable to
any amounts we have in the variable investment options in the same proportion as
votes cast by contract owners.

CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect to
a contract owner's interest in Separate Accounts Nos. 45 and 49, respectively,
nor would any of these proceedings be likely to have a material adverse effect
upon either Separate Account, our ability to meet our obligations under the
contracts, or the distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 45 and Separate Account No.
49, as well as the consolidated financial statements of AXA Equitable, are in
the applicable SAI. The SAI is available free of charge. You may request one by
writing to our processing office or calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity payments
begin. We will continue to treat you as the owner until we receive notification
of any change at our processing office. You cannot assign your NQ contract as
collateral or security for a loan. Loans are also not available under your NQ
contract. In some cases, an assignment or change of ownership may have adverse
tax consequences. See "Tax information" earlier in this Prospectus .

You cannot assign or transfer ownership of an IRA, QP or Rollover TSA contract
except by surrender to us. If your individual retirement annuity contract is
held in your custodial individual retirement account, you may only assign or
transfer ownership of such an IRA contract to yourself. Loans are not available
and you cannot assign IRA and QP contracts as security for a loan or other
obligation. If the employer that provided the funds does not restrict them,
loans are available under a Rollover TSA contract.

For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your IRA, QP or Rollover TSA
contract to another similar arrangement under fed-

                                                            More information  69



eral income tax rules. In the case of such a transfer, which involves a
surrender of your contract, we will impose a withdrawal charge, if one applies.

DISTRIBUTION OF THE CONTRACTS



The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and AXA
Distributors, LLC ("AXA Distributors") (together, the "Distributors"). AXA
Advisors serves as the principal underwriter of Separate Account No. 45, and AXA
Distributors serves as the principal underwriter of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are registered
with the SEC as broker-dealers and are members of the National Association of
Securities Dealers, Inc. ("NASD"). Both broker-dealers also act as distributors
for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and will
generally not exceed 8.50% of total contributions. AXA Advisors, in turn, may
pay a portion of the contribution-based compensation received from AXA Equitable
on the sale of a contract to the AXA Advisors financial professional and/or
Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing annual
compensation of up to 0.60% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the total
compensation that would otherwise be paid on the basis of contributions alone.
The contribution-based and asset-based compensation paid by AXA Advisors varies
among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also receives
compensation and reimbursement for its marketing services under the terms of its
distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their behalf.
The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) on a company and/or product
list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including some
that may benefit the contract owner. Payments may be based on the amount of
assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products. Additionally,
as an incentive for financial professionals of Selling broker-dealers to promote
the sale of AXA Equitable products, the Distributors may increase the sales
compensation paid to the Selling broker-dealer for a period of time (commonly
referred to as "compensation enhancements"). Marketing allowances and sales
incentives are made out of the Distributors' assets. Not all Selling
broker-dealers receive these kinds of payments. For more information about any
such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated insurance
trusts, the Distributors or their affiliates may also receive other payments
from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential


70  More information




compensation." AXA Advisors may provide other forms of compensation to its
financial professionals, including health and retirement benefits. In addition,
managerial personnel may receive expense reimbursements, marketing allowances
and commission-based payments known as "overrides." Certain components of the
compensation of financial professionals who are managers are based on the sale
of affiliated variable products. Managers earn higher compensation (and credits
toward awards and bonuses) if those they manage sell more affiliated variable
products. For tax reasons, AXA Advisors financial professionals qualify for
health and retirement benefits based solely on their sales of our affiliated
products.

These payments and differential compensation (together, the "payments") can vary
in amount based on the applicable product and/or entity or individual involved.
As with any incentive, such payments may cause the financial professional to
show preference in recommending the purchase or sale of AXA Equitable products.
However, under applicable rules of the NASD, AXA Advisors may only recommend to
you products that they reasonably believe are suitable for you based on facts
that you have disclosed as to your other security holdings, financial situation
and needs. In making any recommendation, financial professionals of AXA Advisors
may nonetheless face conflicts of interest because of the differences in
compensation from one product category to another, and because of differences in
compensation between products in the same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such as
stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made will
be in compliance with all applicable NASD rules and other laws and regulations.



                                                            More information  71




9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------



AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by accessing
the SEC's website at www.sec.gov. The public may obtain information on the
operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
Under the Securities Act of 1933, the Company has filed with the SEC a
registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for additional
information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports of
KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person to
whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.



72  Incorporation of certain documents by reference


Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Accounts 45 and 49 with the daily asset charge of 1.35%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                   For the years ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                2006        2005        2004        2003
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
AXA Aggressive Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 13.16     $ 11.32     $ 10.62          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         595         286          51          --
 -----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,595       1,278         688          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.92     $ 10.40     $ 10.29          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         343         285         131          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         438         492         237          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.36     $ 10.59     $ 10.39          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         456         367         150          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         946         948         426          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 49.78     $ 45.74     $ 44.24     $ 41.25
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       2,505       2,919       3,361       3,674
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,399       1,314       1,132         732
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.64     $ 11.19     $ 10.63          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,913         711         256          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       6,975       4,170       1,617          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 59.64     $ 57.52     $ 53.88     $ 48.73
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         220         284         334         375
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         467         585         710         812
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.50     $ 11.24     $ 11.19     $ 10.92
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         797       1,030       1,247       1,242
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         738         919       1,011       1,187
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.08     $ 11.65     $ 11.04     $  9.98
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         346         460         484         378
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         360         464         567         383
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 32.49     $ 29.95     $ 29.46     $ 27.48
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         911       1,125       1,318       1,384
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,099       2,710       3,408       3,959
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.94     $ 13.70     $ 12.03     $ 10.34
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         524         462         456         377
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         762         657         704         494
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.33     $ 11.00     $ 10.45     $  9.66
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         160         181         201         230
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         294         268         253         248
- ------------------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                          --------------------------------------------------------------------------
                                                                2002        2001        2000        1999        1998         1997
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             
AXA Aggressive Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 35.10     $ 40.77          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       3,926       2,511          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         407         289          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 35.92     $ 51.19     $ 69.35     $ 81.12     $ 69.37     $ 70.28
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         404         513         595         553         293          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         899       1,101       1,253       1,163         939         380
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.67          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,119          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,217          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  7.90          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         205          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         235          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 22.73     $ 23.74     $ 23.90     $ 26.59     $ 27.96     $ 29.96
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,316       1,516       1,616       1,539         801          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,827       4,307       4,697       5,048       4,521       1,256
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  7.81          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         183          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         118          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  7.64          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         166          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         169          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-1



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                      For the years ending December 31,
                                                         ---------------------------------------------------------------------------
                                                                2006       2005       2004       2003       2002
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                         
AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $   9.64   $   9.76   $   9.20   $   8.74   $   6.79
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        336        424        449        410        275
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        568        759        801        802        305
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  14.36   $  12.20   $  11.54   $  10.23   $   7.91
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        512        544        503        429        344
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      1,027      1,404      1,102        698        384
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  10.93   $  10.11   $   9.45   $   8.58   $   6.20
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        519        629        806        761        429
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        721        863      1,078      1,104        369
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  13.92   $  12.30   $  11.62   $  10.22   $   7.37
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        535        605        904        765        486
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        779        911      1,203        820        388
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  10.60   $  10.01   $   9.12   $   8.81   $   5.66
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        609        854      1,028        278         44
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        737      1,024      1,493        571        264
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 267.14   $ 244.64   $ 237.75   $ 211.19   $ 143.14
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        687        900      1,044      1,145      1,240
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        876      1,138      1,384      1,588      1,770
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  34.43   $  29.44   $  28.28   $  25.51   $  19.83
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)      3,577      4,575      5,306      5,870      6,485
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        618        841        971        776        383
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  18.95   $  18.62   $  18.65   $  18.54   $  18.40
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)      1,287      1,772      2,322      2,993      4,099
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        773      1,100      1,348      1,651      1,739
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  18.42   $  15.12   $  13.29   $  11.40   $   8.55
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)      3,112      3,477      3,816      4,111      3,907
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      2,019      2,553      2,475      2,639        208
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $   6.99   $   7.13   $   6.28   $   5.88   $   4.84
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)      4,248      5,346      6,276      7,382      8,409
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      6,383      8,379      9,271     10,777     12,339
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  16.38   $  15.99   $  15.89   $  15.53   $  15.20
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        353        490        460        434        430
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        459        574        603        631        552
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  18.17   $  16.90   $  15.36   $  13.66   $   9.83
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)      1,201      1,468      1,733      2,001      2,020
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      3,532      4,499      5,465      6,324      6,943
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  17.95   $  14.99   $  14.41   $  12.88   $  10.14
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)      2,657      3,058      3,317      3,362      3,350
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      6,430      8,002      9,491     10,036     10,473
- ------------------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                                                           For the years ending December 31,
                                                           -------------------------------------------------------------------------
                                                                 2001         2000         1999         1998         1997
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 
AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                        --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                        --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                        --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                        --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                        --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 217.65     $ 247.21     $ 292.20     $ 237.18     $ 186.29
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        1,555        1,775        1,434          550           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        2,160        2,453        2,344        1,542          434
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  25.52     $  26.28     $  24.51     $  20.99           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        7,830        7,903        5,956        1,853           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  17.18     $  16.14     $  15.03     $  15.25           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        3,288        2,333        2,057          929           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $   9.64     $  12.74     $  16.81     $  12.40           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          737          839          591          166           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $   7.12     $   9.49     $  11.79           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       10,884       12,132        6,304           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       15,780       17,298        8,614           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                        --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           --           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  14.28     $  16.68     $  14.88     $  11.82     $  12.54
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        2,115        2,156        1,264          775           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        8,170        9,189        6,912        6,101        2,521
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  11.90     $  11.70     $  12.10     $  11.84           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        2,847           --           --           --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       10,569       10,105        9,428        5,696           --
- ------------------------------------------------------------------------------------------------------------------------------------



A-2 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                       For the years ending December 31,
                                                        ----------------------------------------------------------------------------
                                                                2006        2005        2004       2003       2002
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                           
EQ/Ariel Appreciation II
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.50    $  10.49         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          28          12         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          19           2         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   6.78    $   5.92    $  5.66         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         886         767         87         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         720         983        345         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   9.04    $   8.71    $  8.12    $  7.94    $  6.29
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          46          54         55         39         29
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         157         557        258        189         89
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.11    $  12.38    $ 11.94    $ 11.46    $  9.38
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          74          45         19         20         13
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       6,381       8,004      9,529     11,360     13,307
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.52    $  12.35    $ 10.68    $  9.53    $  7.29
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         502         525        425        279        133
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,119       3,695      4,078      3,761      3,093
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.07    $  11.83    $ 11.30    $ 10.33    $  7.97
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,987       2,382      2,835      3,037      3,265
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      10,352      13,004     15,697     17,536     18,971
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.58    $  11.60    $ 11.10    $ 10.29    $  7.65
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         922       1,079      1,192      1,043        812
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       4,201       5,254      6,079      6,120      5,353
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.07    $  10.40         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         165          56         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         112          18         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.85          --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          49          --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          94          --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  29.97    $  26.40    $ 25.63    $ 23.57    $ 18.69
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       2,138       2,703      3,163      3,443      3,683
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       6,213       8,100      9,685     10,779     11,356
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.02    $   9.82         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         104           8         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         125          16         --         --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   8.92    $   8.54    $  8.33    $  7.89    $  5.79
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         292         365        431        286        184
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         275         431        573        552        243
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.86    $  11.69    $ 11.14    $  9.73    $  6.87
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,330       1,652      1,605      1,435        951
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,862       2,752      2,883      2,874      2,717
- ------------------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending December 31,
                                                           -------------------------------------------------------------------------
                                                                2001       2000        1999        1998        1997
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            
EQ/Ariel Appreciation II
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  8.67          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         10          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          6          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 12.90    $  17.32    $  21.35    $  16.61     $ 12.35
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     16,512      19,069      17,154      10,072       2,581
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  8.69    $  11.14    $  13.96          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      3,210       3,230       1,477          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 10.72    $  11.09    $  10.61          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        231         174          72          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      2,208       2,064         982          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 10.15    $  10.50    $  10.28          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        376         298         126          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      5,372       4,745       2,907          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 24.41    $  28.18    $  31.67    $  26.73     $ 21.21
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)      4,413       4,923          16           2          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     12,941      14,537          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  7.72    $   9.43    $  10.82          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        161         164         139          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        140         136          91          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  8.54    $  10.00          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)        493          82          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      2,307         638          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-3



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- ------------------------------------------------------------------------------------------------------------------------------------

                                                                        For the years ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                2006        2005        2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                             
EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  17.55    $  15.82    $  14.40    $  12.39    $  9.42
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,921       2,356       2,500       2,709      2,863
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,465       2,388       2,481       2,639      3,169
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.42          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         222          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         141          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.82          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           8          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          14          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.63    $  10.50          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         114          54          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          74          17          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  27.50    $  23.46    $  22.79          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         191         183          31          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         141         170          72          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.25    $  11.50          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          82          31          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          78          28          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   6.36    $   6.38    $   6.02    $   5.44    $  4.39
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         416         569         503         566        552
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         839       1,270       1,149       1,266      1,590
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  16.07    $  13.96    $  13.84    $  13.48    $ 13.22
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         978       1,222       1,021         985        903
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      10,415       8,972      10,774      12,484     14,961
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.33    $  13.53    $  13.20    $  12.07    $  9.64
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,273       1,142       1,375       1,530      1,663
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       6,838      13,350      16,352      18,895     21,846
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.38    $  10.80          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         136          28          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         182          41          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.04    $  10.00          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         121          93          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         287          55          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.25    $  10.60          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         119          26          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         490          93          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.74    $  10.56          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          49          25          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          80          74          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                           -------------------------------------------------------------------------
                                                                2001        2000        1999        1998        1997
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                             
EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.20    $  10.92    $  10.53    $  10.48          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       2,091       1,080         972         560          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,256         223          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   6.38    $   8.39          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         575         258          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,490         745          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.23    $  11.48    $  10.44    $  10.76          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      14,916      13,606      12,838       8,661          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.08    $  13.14    $  12.47    $  12.82     $ 11.52
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,936       2,045       2,057         867          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      25,574      28,008      29,522      24,343       8,113
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------



A-4 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending December 31,
                                                           -------------------------------------------------------------------------
                                                                2006        2005        2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                             
EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.36     $ 11.15          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         193         240          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         214         210          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.44     $ 15.24     $ 13.95    $  12.80    $  9.89
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,541       1,644       1,467       1,522        767
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,821       2,123       2,102       2,058      1,041
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 24.18     $ 20.27     $ 19.96    $  18.30    $ 14.14
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       2,213       2,721       3,230       3,348      3,538
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,960       3,782       4,699       4,955      5,160
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 22.90     $ 18.47     $ 16.89    $  14.08    $ 11.14
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,280       1,346       1,244       1,181      1,196
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       6,421       7,759       9,124      10,329     12,054
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 15.09     $ 14.19     $ 13.19    $  11.88    $  9.31
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       2,809       3,663       4,453       5,082      5,638
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       5,280       6,697       8,228       9,491     10,806
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.58     $  9.49     $  8.98    $   8.17    $  6.79
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         411         551         635         715        776
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,675       4,802       5,835       6,684      6,910
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 29.41     $ 28.53     $ 28.18    $  28.34    $ 28.57
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,040       1,076       1,221       1,537      2,299
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,410       2,619       2,938       3,834      5,633
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  4.91     $  4.61     $  4.43          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         136         143           3          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          28          47          20          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.71          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          50          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          92          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.09          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           8          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          34          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.93          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          17          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          10          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.10          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          12          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           9          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.84     $  9.93          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         330         253          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         431         308          --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                            ------------------------------------------------------------------------
                                                                2001        2000        1999        1998        1997
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                             
EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.34          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          14          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         155          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  17.20    $  16.52    $  14.98    $  12.76     $ 11.60
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       3,681       3,305       2,567       1,009          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       5,603       5,888       5,766       4,389       1,182
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.55    $  17.50    $  20.23    $  12.80     $ 10.86
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      14,032      15,833      13,783      10,607       4,609
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.37    $  22.09    $  27.59    $  16.10     $ 12.13
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       7,229       8,254       6,114       1,942          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      13,726      16,073      13,671       9,117       3,327
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   8.71    $  10.51    $  10.72          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         948       1,014         550          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       8,228       8,940       6,033          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  28.61    $  28.00    $  26.78    $  25.92     $ 25.00
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       2,501       1,860       2,900       1,566          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       6,273       5,065       7,278       5,158       1,153
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-5



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                  For the years ending December 31,
                                                          --------------------------------------------------------------------------
                                                                2006        2005       2004        2003
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.23    $  9.98          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         174         76          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         185         57          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 19.67    $ 17.17     $ 16.63     $ 14.39
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         761        919         986         840
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,861      5,204       6,654       7,289
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  8.79    $  8.09     $  7.63          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         286        189          68          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         259        287          29          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.14    $ 14.76     $ 14.35     $ 12.36
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         793        914       1,073       1,030
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,660      2,139       2,622       3,320
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.51    $ 17.43     $ 16.99          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          45         46          10          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         145        160          17          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.76         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          61         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          98         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.25    $  5.55     $  5.16          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         193        114          14          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         177        169          41          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.92    $ 10.43          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         251        156          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         350        250          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 18.85    $ 13.94     $ 10.64     $  8.72
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,993      2,131       1,948       1,871
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,967      3,667       3,845       4,287
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 13.34    $ 12.37          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          74         68          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         109         49          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.28    $ 11.90     $ 11.36          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         131          7          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         117         15          --          --
- ------------------------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
                                                                           For the years ending December 31,
                                                         ---------------------------------------------------------------------------
                                                                2002        2001        2000        1999       1998     1997
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    
EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.62     $ 12.50     $ 10.76    $  9.20    $  9.17     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         665          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       7,825       7,755       7,215      6,774      4,733     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  8.59     $ 11.01     $ 10.94    $ 11.48    $  9.64     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         859         899         989        756        284     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,817       3,131       3,340      2,922      1,610     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  5.67     $  6.11     $  6.53    $ 11.04    $  5.72     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)       1,807       1,765       2,063      1,267        177     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,992       4,501       4,990      3,859      1,805     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                       --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          --          --          --         --         --     --
- ------------------------------------------------------------------------------------------------------------------------------------



A-6 Appendix I: Condensed financial information



Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------



Trustees who purchased an Accumulator(R) QP contract should discuss with their
tax advisors whether this is an appropriate investment vehicle for the
employer's plan. Trustees should consider whether the plan provisions permit the
investment of plan assets in the QP contract, the distribution of such an
annuity, the purchase of the Guaranteed minimum income benefit under baseBUILDER
and other guaranteed benefits and the payment of death benefits in accordance
with the requirements of the federal income tax rules. The QP contract and this
prospectus should be reviewed in full, and the following factors, among others,
should be noted. Assuming continued plan qualification and operation, earnings
on qualified plan assets will accumulate value on a tax-deferred basis even if
the plan is not funded by the Accumulator(R) QP contract or another annuity
contract. Therefore, you should purchase an Accumulator(R) QP contract to fund a
plan for the contract's features and benefits other than tax deferral, after
considering the relative costs and benefits of annuity contracts and other types
of arrangements and funding vehicles.

We will not accept defined benefit plans. This QP contract accepts only transfer
contributions from other investments within an existing qualified plan trust. We
will not accept ongoing payroll contributions or other contributions from the
employer. For 401(k) plans no employee after-tax contributions are accepted. A
"designated Roth contribution account" is not available in the QP contract.
Checks written on accounts held in the name of the employer instead of the plan
or the trustee will not be accepted. Only one additional transfer contribution
may be made per contract year. If amounts attributable to an excess or mistaken
contribution must be withdrawn, a withdrawal charge and/or market value
adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely responsible
for performing or providing for all such services. There is no loan feature
offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for partcipants after age 70-1/2, trustees should consider that:

o the QP contract may not be an appropriate purchase for partcipants
  approaching or over age 70-1/2;

o provisions in the Treasury Regulations on required minimum distributions
  require that the actuarial present value of additional annuity contract
  benefits be added to the dollar amount credited for purposes of calculating
  required minimum distributions. This could increase the amounts required to be
  distributed;

o Contributions after age 70-1/2 must be net of any required minimum
  distributions; and

o the guaranteed minimum income benefit under baseBUILDER may not be an
  appropriate feature for partcipants who are older than age 60-1/2 when the
  contract is issued.

Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the plan
to engage in prohibited discrimination in contributions, benefits or otherwise.



                       Appendix II: Purchase considerations for QP contracts B-1





Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------



The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated on
February 15, 2007 to a fixed maturity option with a maturity date of February
15, 2015 (eight years later) at a hypothetical rate to maturity of 7.00%(h),
resulting in a maturity value of $171,882 on the maturity date. We further
assume that a withdrawal of $50,000, including any applicable withdrawal charge,
is made four years later on February 15, 2011(a)






- ---------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                        ---------------------------------
                                                                                    5.00%        9.00%
- ---------------------------------------------------------------------------------------------------------
                                                                                     
As of February 15, 2011 before withdrawal
- ---------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- ---------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- ---------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- ---------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- ---------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                               $  3,637     $ (3,847)
- ---------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- ---------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- ---------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- ---------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- ---------------------------------------------------------------------------------------------------------





You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:

 (a)      Number of days from the withdrawal
          date to the maturity date = D = 1,461

 (b)      Market adjusted amount is based on the
          following calculation:

            Maturity value            $171,882
          -----------------    =  -----------------  where j is either 5% or 9%
          (1+j)((D/365))          (1+j)((1,461/365))

 (c)      Fixed maturity amount is based on the following calculation:

          Maturity value               $171,882
          ---------------      =  ---------------------
          (1+h)((D/365))          (1+0.07)((1,461/365))

(d)      Maturity value is based on the following calculation:

         Fixed maturity amount       $84,741 or $77,257
         ---------------------  =   ----------------------
          (1+h)((D/365))             (1+0.07)((1,461/365))



C-1 Appendix III: Market value adjustment example



Appendix IV: Guaranteed minimum death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the guaranteed minimum death benefit.



The following illustrates the guaranteed minimum death benefit calculation.
Assuming $100,000 is allocated to the variable investment options (with no
allocation to the Multimanager Core Bond, EQ/AllianceBernstein Intermediate
Government Securities, EQ/Money Market, EQ/AllianceBernstein Quality Bond or
EQ/Short Duration Bond options or the fixed maturity options), no additional
contributions, no transfers, no withdrawals and no loans under a Rollover TSA
contract, the guaranteed minimum death benefit for an annuitant age 45 would be
calculated as follows:





- --------------------------------------------------------------------------------------
   End of                           5% Roll-Up to age 80      Annual ratchet to age 80
 contract                          guaranteed minimum          guaranteed minimum
   year         Account value       death benefit(1)              death benefit
- --------------------------------------------------------------------------------------
                                                 
     1           $105,000             $   105,000(1)              $  105,000(3)
- --------------------------------------------------------------------------------------
     2           $115,500             $   110,250(2)              $  115,500(3)
- --------------------------------------------------------------------------------------
     3           $129,360             $  115,763 (2)              $  129,360(3)
- --------------------------------------------------------------------------------------
     4           $103,488             $   121,551(1)              $  129,360(4)
- --------------------------------------------------------------------------------------
     5           $113,837             $  127,628 (1)              $  129,360(4)
- --------------------------------------------------------------------------------------
     6           $127,497             $   134,010(1)              $  129,360(4)
- --------------------------------------------------------------------------------------
     7           $127,497             $  140,710 (1)              $  129,360(4)
- --------------------------------------------------------------------------------------


The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%. We
are using these rates solely to illustrate how the benefit is determined. The
return rates bear no relationship to past or future investment results.

5% ROLL-UP TO AGE 80*

(1) At the end of contract year 1, and again at the end of contract years 4
    through 7, the death benefit will be the guaranteed minimum death benefit.

(2) At the end of contract years 2 and 3, the death benefit will be the current
    account value since it is higher than the current guaranteed minimum death
    benefit.

ANNUAL RATCHET TO AGE 80

(3) At the end of contract years 1 through 3, the guaranteed minimum death
    benefit is the current account value.

(4) At the end of contract years 4 through 7, the guaranteed minimum death
    benefit is the guaranteed minimum death benefit at the end of the prior year
    since it is equal to or higher than the current account value.

- ----------

                       Appendix IV: Guaranteed minimum death benefit example D-1



Appendix V: Hypothetical illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
BENEFITS



The following tables illustrate the changes in account value, cash value and the
values of the "the 5% Roll-Up to age 80" guaranteed minimum death benefit, the
Protection Plus(SM) benefit and the Guaranteed minimum income benefit under
certain hypothetical circumstances for an Accumulator(R) contract. The table
illustrates the operation of a contract based on a male, issue age 60, who makes
a single $100,000 contribution and takes no withdrawals. The amounts shown are
for the beginning of each contract year and assume that all of the account value
is invested in portfolios that achieve investment returns at constant gross
annual rates of 0% and 6% (i.e., before any investment management fees, 12b-1
fees or other expenses are deducted from the underlying portfolio assets). After
the deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying Portfolios (as described
below), the corresponding net annual rates of return would be (2.64)% and 3.36%
for the Accumulator(R) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges, but they do not reflect the charges we deduct from your
account value annually for the 5% Roll-Up to age 80 guaranteed minimum death
benefit, Protection Plus(SM) benefit, and the Guaranteed minimum income benefit
features, as well as the annual administrative charge. If the net annual rates
of return did reflect these charges, the net annual rates of return shown would
be lower; however, the values shown in the following tables reflect the
following contract charges: "the 5% Roll-Up to age 80" Guaranteed minimum death
benefit charge, the Protection Plus(SM) benefit charge, the Guaranteed minimum
income benefit charge and any applicable administrative charge and withdrawal
charge. The values shown under "Lifetime Annual Guaranteed Minimum Income
Benefit" reflect the lifetime income that would be guaranteed if the Guaranteed
minimum income benefit is selected at that contract date anniversary. An "N/A"
in these columns indicates that the benefit is not exercisable in that year. A
"0" under any of the death benefit and/or "Lifetime Annual Guaranteed Minimum
Income Benefit" columns indicates that the contract has terminated due to
insufficient account value and, consequently, the guaranteed benefit has no
value.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.68%, and (2) an assumed average
asset charge for all other expenses of the underlying portfolios equivalent to
an effective annual rate of 0.36% and (3) 12b-1 fees equivalent to an effective
annual rate of 0.25%. These rates are the arithmetic average for all portfolios
that are available as investment options. In other words, they are based on the
hypothetical assumption that account values are allocated equally among the
variable investment options. The actual rates associated with any contract will
vary depending upon the actual allocation of contract values among the
investment options. These rates do not reflect expense limitation arrangements
in effect with respect to certain of the underlying portfolios as described in
the footnotes to the fee table for the underlying portfolios in "Fee Table"
earlier in this prospectus. With these arrangements, the charges shown above
would be lower. This would result in higher values than those shown in the
following tables.



Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

E-1 Appendix V: Hypothetical illustrations



Variable deferred annuity
Accumulator(R)

$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  5% Roll-Up to age 80 Guaranteed minimum death benefit
  Protection Plus
  Guaranteed minimum income benefit




                                                            5% Roll-Up
                                                             to age 80                          Lifetime Annual
                                                            Guaranteed      Total Death Benefit    Guaranteed
                                                           Minimum Death      with Protection       Minimum
                    Account Value        Cash Value           Benefit             Plus(SM)        Income Benefit
        Contract ------------------- ------------------ ------------------- ------------------- ----------------
          Year       0%        6%       0%        6%        0%        6%        0%        6%       0%       6%
  Age  --------- --------- --------- -------- --------- --------- --------- --------- --------- -------- -------
                                                                        
  60        1     100,000  100,000   93,000     93,000  100,000   100,000   100,000   100,000     N/A      N/A
  61        2      96,850  102,838   90,850     96,838  105,000   105,000   107,000   107,000     N/A      N/A
  62        3      93,774  105,750   88,774    100,750  110,250   110,250   114,350   114,350     N/A      N/A
  63        4      90,769  108,738   86,769    104,738  115,763   115,763   122,068   122,068     N/A      N/A
  64        5      87,831  111,802   84,831    108,802  121,551   121,551   130,171   130,171     N/A      N/A
  65        6      84,958  114,944   82,958    112,944  127,628   127,628   138,679   138,679     N/A      N/A
  66        7      82,148  118,167   81,148    117,167  134,010   134,010   147,613   147,613     N/A      N/A
  67        8      79,397  121,471   79,397    121,471  140,710   140,710   156,994   156,994     N/A      N/A
  68        9      76,703  124,858   76,703    124,858  147,746   147,746   166,844   166,844     N/A      N/A
  69       10      74,063  128,330   74,063    128,330  155,133   155,133   177,186   177,186     N/A      N/A
  74       15      61,586  147,012   61,586    147,012  197,993   197,993   237,190   237,190   13,860   13,860
  79       20      50,073  168,040   50,073    168,040  252,695   252,695   313,773   313,773   21,201   21,201
  84       25      39,606  192,019   39,606    192,019  265,330   265,330   331,462   331,462   26,560   26,560
  89       30      33,592  223,363   33,592    223,363  265,330   265,330   331,462   331,462     N/A      N/A
  94       35      29,093  260,871   29,093    260,871  265,330   265,330   331,462   331,462     N/A      N/A
  95       36      28,269  269,097   28,269    269,097  265,330   265,330   331,462   331,462     N/A      N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for individual
contract years. We can make no representation that these hypothetical investment
results can be achieved for any one year or continued over any period of time.
In fact, for any given period of time, the investment results could be negative.

                                      Appendix V: Hypothetical illustrations E-2



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                            Page



Who is AXA Equitable?                                                       2

Unit Values                                                                 2
Custodian and Independent Registered Public Accounting Firm                 2
Distribution of the Contracts                                               2

Financial Statements                                                        3


How to Obtain an Accumulator(R) Statement of Additional Information for
Separate Account No. 45 and Separate Account No. 49

Send this request form to:
 Accumulator(R)
 P.O. Box 1547
 Secaucus, NJ 07096-1547

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me a combined Accumulator(R) SAI for Separate Account No. 45 and
Separate Account No. 49 dated May 1, 2007.


- --------------------------------------------------------------------------------
Name:


- --------------------------------------------------------------------------------
Address:


- --------------------------------------------------------------------------------
City           State    Zip



                            Core '02, OR, '04, '06, Jumpstart '07 and '07 Series
                                                                          x01479






Accumulator(R)
A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS ACCUMULATOR(R)?


Accumulator(R) is a deferred annuity contract issued by AXA Equitable Life
Insurance Company. It provides for the accumulation of retirement savings and
for income. The contract offers income and death benefit protection. It also
offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option, fixed maturity options, or the account for special
dollar cost averaging ("investment options"). This contract may not currently be
available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VIII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

- --------------------------------------------------------------------------------
Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II              Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++



(1)  The "AXA Allocation" portfolios.

*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust, or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of the
related portfolio.


You may also allocate amounts to the guaranteed interest option, the fixed
maturity options, and the account for special dollar cost averaging, which are
discussed later in this Prospectus.

TYPES OF CONTRACTS. We offer the contracts for use as:

o    A nonqualified annuity ("NQ") for after-tax contributions only.

o    An individual retirement annuity ("IRA"), either traditional IRA or Roth
     IRA. We offer two versions of the traditional IRA: "Rollover IRA" and
     "Flexible Premium IRA." We also offer two versions of the Roth IRA: "Roth
     Conversion IRA" and "Flexible Premium Roth IRA."


o    Traditional and Roth Inherited IRA beneficiary continuation contract
     ("Inherited IRA") (direct transfer and specified direct rollover
     contributions only).


o    An annuity that is an investment vehicle for a qualified defined
     contribution plan ("QP") (Rollover and direct transfer contributions only).

o    An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
     ("Rollover TSA") (Rollover and direct transfer contributions only).


A contribution of at least $5,000 is required to purchase an NQ, Rollover IRA,
Roth Conversion IRA, Inherited IRA, QP, or Rollover TSA contract. For Flexible
Premium IRA and Flexible Premium Roth IRA contracts, we require a contribution
of $2,000 to purchase a contract.

Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorpo-


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.

                                                        Core 02/04 Series X01485


rated by reference into this Prospectus. This Prospectus and the SAI can also be
obtained from the SEC's website at www.sec.gov. The table of contents for the
SAI appears at the back of this Prospectus.

Although this Prospectus is primarily designed for potential purchasers of the
contract, you may have previously purchased a contract and be receiving this
Prospectus as a current contract owner. If you are a current contract owner, you
should note that the options, features and charges of the contract may have
varied over time (and, as noted above, may vary depending on your state) and you
may not change your contract or its features as issued. For more information
about the particular options, features and charges applicable to you, please
contact your financial professional and/or refer to your contract and/or see
Appendix IX for contract variations later in this Prospectus.




Contents of this Prospectus
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
(Not all of the features listed are available under all contracts or in all
states.)

- --------------------------------------------------------------------------------
ACCUMULATOR(R)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               5
Who is AXA Equitable?                                                        7
How to reach us                                                              8
Accumulator(R) at a glance -- key features                                  12

- --------------------------------------------------------------------------------
FEE TABLE                                                                   14
- --------------------------------------------------------------------------------
Example                                                                     18
Condensed financial information                                             22

- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           23
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        23
Owner and annuitant requirements                                            30
How you can make your contributions                                         30
What are your investment options under the contract?                        30
Portfolios of the Trusts                                                    31
Allocating your contributions                                               37

Guaranteed minimum death benefit and
     Guaranteed minimum income benefit base                                 40

Annuity purchase factors                                                    41

Guaranteed minimum income benefit option*                                   41

Guaranteed minimum death benefit                                            44
Principal Protector(SM)                                                     46
Inherited IRA beneficiary continuation contract                             49
Your right to cancel within a certain number of days                        50

- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        51
- --------------------------------------------------------------------------------
Your account value and cash value                                           51
Your contract's value in the variable investment options                    51
Your contract's value in the guaranteed interest option                     51
Your contract's value in the fixed maturity options                         51
Your contract's value in the account for special dollar
     cost averaging                                                         51
Insufficient account value                                                  51

- ----------------------

*    Depending on when you purchased your contract, this benefit may be called
     the "Living Benefit." Accordingly, if applicable, all references to the
     Guaranteed minimum income benefit in this Prospectus and any related
     registration statement documents are references to the Living Benefit.


"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
Prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

                                                  Contents of this Prospectus  3


- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS                         53
- --------------------------------------------------------------------------------
Transferring your account value                                             53
Disruptive transfer activity                                                53
Rebalancing your account value                                              54

- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     56
- --------------------------------------------------------------------------------
Withdrawing your account value                                              56
How withdrawals are taken from your account value                           57
How withdrawals (and transfers out of the Special 10 year fixed
   maturity option) affect your Guaranteed minimum income
   benefit, Guaranteed minimum death benefit and
   Guaranteed principal benefit option 2                                    58
How withdrawals affect Principal Protector(SM)                              58
Withdrawals treated as surrenders                                           58
Loans under Rollover TSA contracts                                          58
Surrendering your contract to receive its cash value                        59
When to expect payments                                                     59
Your annuity payout options                                                 60

- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     63
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          63
Charges that the Trusts deduct                                              67
Group or sponsored arrangements                                             67
Other distribution arrangements                                             67

- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 68
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     68
How death benefit payment is made                                           69
Beneficiary continuation option                                             70

- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          74
- --------------------------------------------------------------------------------
Overview                                                                    74
Buying a contract to fund a retirement arrangement                          74
Transfers among investment options                                          74
Taxation of nonqualified annuities                                          74
Individual retirement arrangements (IRAs)                                   76
Tax-sheltered annuity contracts (TSAs)                                      86
Federal and state income tax withholding and
   information reporting                                                    89
Special rules for contracts funding qualified plans                         90
Impact of taxes to AXA Equitable                                            90

- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         91
- --------------------------------------------------------------------------------
About Separate Account No. 49                                               91
About the Trusts                                                            91
About our fixed maturity options                                            91
About the general account                                                   92
About other methods of payment                                              93
Dates and prices at which contract events occur                             93
About your voting rights                                                    94
About legal proceedings                                                     94
Financial statements                                                        94
Transfers of ownership, collateral assignments, loans
   and borrowing                                                            94

About Custodial IRAs                                                        95

Distribution of the contracts                                               95

- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS
     BY REFERENCE                                                           97
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
   I -- Condensed financial information                                    A-1
  II -- Purchase considerations for QP contracts                           B-1
 III -- Market value adjustment example                                    C-1
  IV -- Enhanced death benefit example                                     D-1
   V -- Hypothetical illustrations                                         E-1
  VI -- Guaranteed principal benefit example                               F-1
 VII -- Protection Plus(SM) example                                        G-1
VIII -- State contract availability and/or variations of certain
        features and benefits                                              H-1
  IX -- Contract variations                                                I-1

- --------------------------------------------------------------------------------

STATEMENT OF ADDITIONAL INFORMATION
   TABLE OF CONTENTS
- --------------------------------------------------------------------------------


4  Contents of this Prospectus


Index of key words and phrases
- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.


                                                                 Page

   6% Roll-Up to age 85 enhanced death benefit                     40
   account for special dollar cost averaging                       37
   account value                                                   51
   administrative charge                                           63
   annual administrative charge                                    63
   Annual Ratchet to age 85 enhanced death benefit                 41
   annuitant                                                       23
   annuitization                                                   60
   annuity maturity date                                           62
   annuity payout options                                          60
   annuity purchase factors                                        41
   automatic investment program                                    93
   beneficiary                                                     68
   Beneficiary continuation option ("BCO")                         70
   benefit base                                                    40
   business day                                                    93
   cash value                                                      51
   charges for state premium and other applicable taxes            67
   contract date                                                   30
   contract date anniversary                                       30
   contract year                                                   30
   contributions to Roth IRAs                                      83
      regular contributions                                        83
      rollovers and transfers                                      83
      conversion contributions                                     84
   contributions to traditional IRAs                               77
      regular contributions                                        77
      rollovers and transfers                                      78
   disability, terminal illness or confinement to nursing home     65
   disruptive transfer activity                                    53
   Distribution Charge                                             63
   EQAccess                                                         8
   ERISA                                                           59
   Fixed-dollar option                                             39
   fixed maturity options                                          36
   Flexible Premium IRA                                         cover
   Flexible Premium Roth IRA                                    cover
   free look                                                       50
   free withdrawal amount                                          64
   general account                                                 92
   General dollar cost averaging                                   39
   guaranteed interest option                                      36
   Guaranteed minimum death benefit                                44
   Guaranteed minimum death benefit charge                         65
   Guaranteed minimum death benefit/guaranteed
      minimum income benefit roll-up benefit
      base reset option                                            44
   Guaranteed minimum income benefit                               41
   Guaranteed minimum income benefit charge                        65
   Guaranteed minimum income benefit "no lapse guarantee"          42
   Guaranteed principal benefits                                   37
   IRA                                                          cover
   IRS                                                             74
   Inherited IRA                                                cover
   Investment simplifier                                           39
   investment options                                           cover



                                                                 Page

lifetime required minimum distribution withdrawals                 57
loan reserve account                                               59
loans under Rollover TSA                                           58
market adjusted amount                                             36
market value adjustment                                            36
market timing                                                      53
maturity dates                                                     36
maturity value                                                     36
Mortality and expense risks charge                                 63
NQ                                                              cover
Optional step up charge                                            67
partial withdrawals                                                56
portfolio                                                       cover
Principal assurance                                                38
Principal Protector(SM)                                            46
Principal Protector(SM) charge                                     66
processing office                                                   8
Protection Plus(SM)                                                45
Protection Plus(SM) charge                                         66
QP                                                              cover
rate to maturity                                                   36
Rebalancing                                                        54
Rollover IRA                                                    cover
Rollover TSA                                                    cover
Roth Conversion IRA                                             cover
Roth IRA                                                        cover
SAI                                                             cover
SEC                                                             cover
self-directed allocation                                           37
Separate Account No. 49                                            91
special dollar cost averaging                                      39
Spousal protection                                                 70
standard death benefit                                             40
substantially equal withdrawals                                    56
Successor owner and annuitant                                      69
systematic withdrawals                                             56
TOPS                                                                8
TSA                                                             cover
traditional IRA                                                 cover
Trusts                                                             86
unit                                                               51
variable investment options                                        30
wire transmittals and electronic applications                      93
withdrawal charge                                                  64


                                               Index of key words and phrases  5



To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Also, depending on when you purchased your
contract, some of these may not apply to you or may be named differently under
your contract. Your financial professional can provide further explanation
about your contract.





- --------------------------------------------------------------------------------------
Prospectus                            Contract or Supplemental Materials
- --------------------------------------------------------------------------------------
                                   
fixed maturity options                Guarantee Periods (Guaranteed Fixed
                                      Interest Accounts in supplemental materials)
variable investment options           Investment Funds
account value                         Annuity Account Value
rate to maturity                      Guaranteed Rates
unit                                  Accumulation Unit
Guaranteed minimum death benefit      Guaranteed death benefit
Guaranteed minimum income benefit     Guaranteed Income Benefit or Living Benefit
Guaranteed interest option            Guaranteed Interest Account
Principal Protector(SM)               Guaranteed withdrawal benefit
GWB benefit base                      Principal Protector(SM) benefit base
GWB Annual withdrawal amount          Principal Protector(SM) Annual withdrawal
                                      amount
GWB Annual withdrawal option          Principal Protector(SM) Annual withdrawal option
GWB Excess withdrawal                 Principal Protector(SM) Excess withdrawal
- --------------------------------------------------------------------------------------




6 Index of key words and phrases


Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and under
its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of AXA
Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under the
contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately $795
billion in assets as of December 31, 2006. For more than 100 years AXA Equitable
has been among the largest insurance companies in the United States. We are
licensed to sell life insurance and annuities in all fifty states, the District
of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office is
located at 1290 Avenue of the Americas, New York, NY 10104.


                                                        Who is AXA Equitable?  7


HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile service
may not be available at all times and/or we may be unavailable due to emergency
closing). In addition, the level and type of service available may be restricted
based on criteria established by us.


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R)
P.O. Box 13014
Newark, NJ 07188-0014



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUEST FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R)
P.O. Box 1547
Secaucus, NJ 07096-1547


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUEST FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS
 DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094



- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o   written confirmation of financial transactions;

o   statement of your contract values at the close of each calendar year, and
    any calendar quarter in which there was a financial transaction; and


o   annual statement of your contract values as of the close of the contract
    year, including notification of eligibility to exercise the Guaranteed
    minimum income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o   your current account value;

o   your current allocation percentages;

o   the number of units you have in the variable investment options;

o   rates to maturity for the fixed maturity options;

o   the daily unit values for the variable investment options; and

o   performance information regarding the variable investment options (not
    available through TOPS).

You can also:

o   change your allocation percentages and/or transfer among the investment
    options;

o   elect to receive certain contract statements electronically;

o   change your address (not available through TOPS);

o   change your TOPS personal identification number ("PIN") (through TOPS only)
    and your EQAccess password (through EQAccess only); and

o   access Frequently Asked Questions and Service Forms (not available through
    TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond our
control, these services may sometimes be unavailable.


We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of any transfers.
If we do not employ reasonable procedures to confirm the genuineness of
telephone or Internet instructions, we may be liable for any losses arising out
of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.


We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

8  Who is AXA Equitable?


(2)  conversion of a traditional IRA to a Roth Conversion IRA or Flexible
     Premium Roth IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts;

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;

(14) requests to reset your Roll-Up benefit base (for certain contracts with
     both the Guaranteed minimum income benefit and the Greater of the 6%
     Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death benefit);


(15) requests to step up your Guaranteed withdrawal benefit ("GWB") benefit
     base, if applicable, under the Optional step up provision;

(16) requests to terminate or reinstate your GWB, if applicable, under the
     Beneficiary continuation option, if applicable;

(17) death claims;

(18) change in ownership (NQ only), if available under your contract; and

(19) enrollment in our "automatic required minimum distribution (RMD) service."



WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES OF
REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6)  special dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  special dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners, both must sign.


                                                        Who is AXA Equitable?  9



Accumulator(R) at a glance -- key features

- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
(Not all of the features listed are available under all contracts or in all
states.)

- --------------------------------------------------------------------------------



                          
Professional investment      Accumulator's(R) variable investment options invest in different portfolios managed by professional
management                   investment advisers.
- -----------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options       o  Fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years (subject
                                to availability).

                             o  Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                                maturity.

                             o  Special 10 year fixed maturity option (available under Guaranteed principal benefit option 2
                                only).
                             ------------------------------------------------------------------------------------------------------
                             If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a
                             market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                             portion of a fixed maturity amount, this may increase or decrease any value that you have left in that
                             fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- -----------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest          o Principal and interest guarantees.
option
                             o Interest rates set periodically.
- -----------------------------------------------------------------------------------------------------------------------------------
Account for special dollar   Available for dollar cost averaging all or a portion of any eligible contribution to your contract.
cost averaging
- -----------------------------------------------------------------------------------------------------------------------------------
Tax considerations           o  No tax on earnings inside the contract until you make withdrawals from your contract or receive
                                annuity payments.
                             ------------------------------------------------------------------------------------------------------
                             o  No tax on transfers among investment options inside the contract.
                             ------------------------------------------------------------------------------------------------------
                             If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax Sheltered
                             Annuity (TSA), or to fund an employer retirement plan (QP or Qualified Plan), you should be aware that
                             such annuities do not provide tax deferral benefits beyond those already provided by the Internal
                             Revenue Code. Before purchasing one of these annuities, you should consider whether its features and
                             benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative
                             features, benefits and costs of these annuities compared with any other investment that you may use in
                             connection with your retirement plan or arrangement. Depending on your personal situation, the
                             contract's guaranteed benefits may have limited usefulness because of required minimum distributions
                             ("RMDs").
- -----------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum           The Guaranteed minimum income benefit provides income protection for you during the annuitant's life
income benefit (or "Living   once you elect to annuitize the contract.
Benefit")
- -----------------------------------------------------------------------------------------------------------------------------------
Principal Protector(SM)      Principal Protector(SM) is our optional Guaranteed withdrawal benefit ("GWB"), which provides for
                             recovery of your total contributions through withdrawals, even if your account value falls to zero,
                             provided that during each contract year, your total withdrawals do not exceed a specified amount. This
                             feature may not be available under your contract.
- -----------------------------------------------------------------------------------------------------------------------------------



10 Accumulator(R) at a glance -- key features




- -----------------------------------------------------------------------------------------------------------------------------------
                                           
Contribution amounts   NQ, Rollover IRA, Roth Conversion IRA, Inherited IRA, QP and Rollover TSA contracts
                         o Initial minimum:      $5,000
                         o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                 $100 monthly and $300 quarterly under our automatic investment program
                                                 (NQ contracts)
                                                 $50 (IRA contracts)
                                                 $1,000 (Inherited IRA contracts)
                       ------------------------------------------------------------------------------------------------------------
                       Flexible Premium IRA and Flexible Premium Roth IRA contracts
                         o Initial minimum:      $2,000
                         o Additional minimum:   $   50
                       ------------------------------------------------------------------------------------------------------------
                       Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million ($500,000
                       for certain owners or annuitants who are age 81 and older at contract issue). See "How you can purchase and
                       contribute to your contract" in "Contract features and benefits" later in this Prospectus.
- -----------------------------------------------------------------------------------------------------------------------------------
Access to your money   o Partial withdrawals
                       o Several withdrawal options on a periodic basis
                       o Loans under Rollover TSA contracts
                       o Contract surrender

                       You may incur a withdrawal charge for certain withdrawals or if you surrender your contract. You may also
                       incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional benefits.
- -----------------------------------------------------------------------------------------------------------------------------------
Payout options         o Fixed annuity payout options
                       o Variable Immediate Annuity payout options (described in a separate prospectus for that option)
                       o Income Manager payout options (described in a separate prospectus for that option)
- -----------------------------------------------------------------------------------------------------------------------------------
Additional features*   o Guaranteed minimum death benefit options
                       o Guaranteed principal benefit options (including Principal assurance)
                       o Dollar cost averaging
                       o Automatic investment program
                       o Account value rebalancing (quarterly, semi-annually, and annually)
                       o Free transfers
                       o Waiver of withdrawal charge for certain withdrawals, disability, terminal illness, or confinement to a
                         nursing home
                       o Protection Plus(SM), an optional death benefit available under certain contracts (subject to state
                         availability)
                       o Spousal protection (not available under certain contracts)
                       o Successor owner/annuitant
                       o Beneficiary continuation option
                       o Guaranteed minimum income benefit no lapse guarantee (available under contracts with applications that
                         were signed and submitted on or after January 1, 2005 subject to state availability)
                       o Guaranteed minimum death benefit/guaranteed minimum income benefit roll-up benefit base reset (available
                         under contracts with applications that were signed and submitted on or after October 1, 2005 subject  to
                         state availability)

*  Not all features are available under all contracts. Please see Appendix IX later in this Prospectus for more information.
- -----------------------------------------------------------------------------------------------------------------------------------



                                   Accumulator(R) at a glance -- key features 11




- -----------------------------------------------------------------------------------------------------------------------------------
                            
Fees and charges+              o  Daily charges on amounts invested in variable investment options for mortality and expense risks,
                                  administrative charges and distribution charges at an annual rate of 1.25%.

                               o  The charges for the Guaranteed minimum death benefits range from 0.0% to 0.60%, annually, of the
                                  applicable benefit base. The benefit base is described under "Guaranteed minimum death benefit
                                  and Guaranteed minimum income benefit base" in "Contract features and benefits" later in this
                                  Prospectus.

                               o  An annual charge of 0.65% of the applicable benefit base charge for the optional Guaranteed
                                  minimum income benefit until you exercise the benefit, elect another annuity payout or the
                                  contract date anniversary after the annuitant reaches age 85, whichever occurs first. The benefit
                                  base is described under "Guaranteed minimum death benefit and Guaranteed minimum income benefit
                                  base" in "Contract features and benefits" later in this Prospectus.

                               o  An annual charge for the optional Guaranteed principal benefit option 2 (if available) deducted
                                  on the first 10 contract date anniversaries equal to 0.50% of the account value.

                               o  If your account value at the end of the contract year is less than $50,000, we deduct an annual
                                  administrative charge equal to $30, or during the first two contract years, 2% of your account
                                  value, if less. If your account value on the contract date anniversary is $50,000 or more, we
                                  will not deduct the charge.

                               o  An annual charge of 0.35% of your account value for the Protection Plus(SM) optional death
                                  benefit.

                               o  An annual charge of 0.35% of your account value for the 5% GWB Annual withdrawal option (if
                                  available) or 0.50% of your account value for the 7% GWB Annual withdrawal option (if available)
                                  for the Principal Protector(SM) benefit. If you "step up" your GWB benefit base, we reserve the
                                  right to raise the charge up to 0.60% and 0.80%, respectively. See "Principal Protector(SM)" in
                                  "Contract features and benefits" later in this Prospectus.

                               o  No sales charge is deducted at the time you make contributions.

                               o  During the first seven contract years following a contribution, a charge of up to 7% will be
                                  deducted from amounts that you withdraw that exceed 10% of your account value. We use your
                                  account value at the beginning of each contract year to calculate the 10% amount available. There
                                  is no withdrawal charge in the eighth and later contract years following a contribution. Certain
                                  other exemptions may apply. Certain contracts may provide for a higher free withdrawal amount.
                                  See Appendix IX later in this Prospectus for the free withdrawal amount that applies to your
                                  contract.

                                  -------------------------------------------------------------------------------------------------
                                  The "contract date" is the effective date of a contract. This usually is the business day we
                                  receive the properly completed and signed application, along with any other required documents,
                                  and your initial contribution. Your contract date will be shown in your contract. The 12-month
                                  period beginning on your contract date and each 12-month period after that date is a "contract
                                  year." The end of each 12-month period is your "contract date anniversary." For example, if your
                                  contract date is May 1, your contract date anniversary is April 30.
                                  -------------------------------------------------------------------------------------------------

                               o  We deduct a charge designed to approximate certain taxes that may be imposed on us, such as
                                  premium taxes in your state. This charge is generally deducted from the amount applied to an
                                  annuity payout option.

                               o  We currently deduct a $350 annuity administrative fee from amounts applied to purchase the
                                  variable immediate annuitization payout option. This option is described in a separate prospectus
                                  that is available from your financial professional.

                               o  Annual expenses of the Trusts' portfolios are calculated as a percentage of the average daily net
                                  assets invested in each portfolio. Please see "Fee Table" later in this Prospectus for details.

+  The fees and charges shown in this section are the maximum charges a contract owner will pay. Please see your contract for the
   fees and charges that apply to you. Also, some of the optional benefits may not be available under your contract.
- -----------------------------------------------------------------------------------------------------------------------------------
Annuitant issue ages*          NQ: 0-85
                               Rollover IRA, Roth Conversion
                               IRA, Flexible Premium Roth IRA
                               and Rollover TSA: 20-85
                               Flexible Premium IRA: 20-70
                               Inherited IRA: 0-70
                               QP: 20-75

*  If you are an existing contract owner, you may have purchased your contract at an older issue age.
- -----------------------------------------------------------------------------------------------------------------------------------



12 Accumulator(R) at a glance -- key features


The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features of
the contract are not necessarily available in your state or at certain ages.
Please see Appendix VIII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any reason
you are not satisfied with your contract, you may return it to us for a refund
within a certain number of days. Please see "Your right to cancel within a
certain number of days" later in this Prospectus for additional information.

OTHER CONTRACTS


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.



                                   Accumulator(R) at a glance -- key features 13


Fee table

- --------------------------------------------------------------------------------


The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus. The
fees and charges shown in this section are the maximum fees and charges that a
contract owner will pay. Please see your contract and/or Appendix IX later in
this Prospectus for the fees and charges that apply under your contract.

If you are a prospective contract owner, all features listed below may not be
currently available. Similarly, if you are a current contract owner, all
features listed below may not have been available at the time you purchased your
contract. See Appendix IX later in this Prospectus for more information.

The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your cash
value to certain payout options or if you purchase a Variable Immediate Annuity
payout option. Charges designed to approximate certain taxes that may be imposed
on us, such as premium taxes in your state, may also apply.



- --------------------------------------------------------------------------------
Charges we deduct from your account value at the time you request certain
transactions
- --------------------------------------------------------------------------------
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain
withdrawals or apply your cash value to certain payout options).(1)     7.00%
Charge if you elect a variable payout option upon annuitization
(which is described in a separate prospectus for that option)           $350
- --------------------------------------------------------------------------------

The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the underlying trust
portfolio fees and expenses.

- --------------------------------------------------------------------------------
Charges we deduct from your account value on each contract date anniversar
Maximum annual administrative charge(2)
- --------------------------------------------------------------------------------
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                           $30
   If your account value on a contract date anniversary is $50,000
   or more                                                              $0

- --------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual
percentage of daily net assets
- --------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and expense risks                                             0.75%(4)
Administrative                                                          0.30%
Distribution                                                            0.20%
                                                                        -------
Total Separate account annual expenses                                  1.25%


- -----------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect any of the following optional benefits
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                     
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on
each contract date anniversary for which the benefit is in effect).
   Standard death benefit                                               0.00%
   Annual Ratchet to age 85                                             0.30% of the Annual Ratchet to age 85 benefit base
                                                                        (maximum);
                                                                        0.25% (current)
   6% Roll-Up to age 85                                                 0.45% of the 6% Roll-Up to age 85 benefit base
   Greater of 5% Roll-Up to age 85 or Annual Ratchet to age 85          0.50% of the greater of 5% Roll-Up to age 85 benefit base
                                                                        of the Annual Ratchet to age 85 benefit base, as
                                                                        applicable.
- -----------------------------------------------------------------------------------------------------------------------------------



14 Fee table





- -----------------------------------------------------------------------------------------------------------------------------------
                                                                      
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85           0.60% of the greater of 6% Roll-Up to age 85 benefit
                                                                         base or the
                                                                         Annual Ratchet to age 85 benefit base, as applicable
Guaranteed principal benefit charge for option 2 (calculated as
a percentage of the account value. Deducted annually(2) on the first
10 contract date anniversaries)                                          0.50%
- -----------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum income benefit (or "Living Benefit")
charge (calculated as a percentage of the applicable benefit base.
Deducted annually(2) on each contract date anniversary for which the
benefit is in effect)                                                    0.65%
- -----------------------------------------------------------------------------------------------------------------------------------
Protection Plus(SM) benefit charge (calculated as a percentage of
the account value. Deducted annually(2) on each contract date anniver-
sary for which the benefit is in effect)                                 0.35%
- -----------------------------------------------------------------------------------------------------------------------------------
Principal Protector(SM) benefit charge(2) (calculated as a percentage    0.35% for the 5% GWB
of the account value. Deducted annually on each contract date anniver-   Annual withdrawal option
sary, provided your GWB benefit base is greater than zero.)
                                                                         0.50% for the 7% GWB
                                                                         Annual withdrawal option

If you "step up" your GWB benefit base, we reserve the right to          0.60% for the 5% GWB
increase your charge up to:                                              Annual withdrawal option

                                                                         0.80% for the 7% GWB
                                                                         Annual withdrawal option

Please see "Principal Protector(SM)" in "Contract features and benefits" for more information about this feature, including its
benefit base and the optional step up provision, and "Principal Protector(SM) charge" in "Charges and expenses," both later in this
Prospectus, for more information about when the charge applies.
- -----------------------------------------------------------------------------------------------------------------------------------
Net loan interest charge - Rollover TSA contracts only (calcu-
lated and deducted daily as a percentage of the outstanding loan
amount)                                                                  2.00%(5)
- -----------------------------------------------------------------------------------------------------------------------------------


You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net asset
value each day. Therefore, they reduce the investment return of the Portfolio
and the related variable investment option. Actual fees and expenses are likely
to fluctuate from year to year. More detail concerning each Portfolio's fees and
expenses is contained in the Trust prospectus for the Portfolio.


- --------------------------------------------------------------------------------

Portfolio operating expenses expressed as an annual percentage of daily net
assets
- --------------------------------------------------------------------------------


Total Annual Portfolio Operating Expenses for 2006    Lowest     Highest
(expenses that are deducted from Portfolio assets     ------     -------
including management fees, 12b-1 fees, service fees,
and/or other expenses)(6)                             0.63%      3.15%

- --------------------------------------------------------------------------------



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.



- --------------------------------------------------------------------------------------------------------------------
                                                                    Acquired
                                                                   Fund Fees    Total
                                                                      and       Annual                   Net Total
                                                                    Expenses   Expenses    Fee Waiv-      Annual
                                                                   (Underly-    (Before   ers and/or     Expenses
                                  Manage-                             ing       Expense     Expense       (After
                                   ment       12b-1      Other       Portfo-    Limita-    Reimburse-     Expense
 Portfolio Name                   Fees(7)   Fees(8)   Expenses(9)   lios)(10)    tions)     ments(11)   Limitations)
- --------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust:
- --------------------------------------------------------------------------------------------------------------------
                                                                                     
AXA Aggressive Allocation          0.10%      0.25%       0.18%       0.91%       1.44%      (0.18)%      1.26%
AXA Conservative Allocation        0.10%      0.25%       0.22%       0.67%       1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation   0.10%      0.25%       0.18%       0.72%       1.25%      (0.18)%      1.07%
AXA Moderate Allocation            0.10%      0.25%       0.17%       0.78%       1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation       0.10%      0.25%       0.17%       0.85%       1.37%      (0.17)%      1.20%
Multimanager Aggressive Equity*    0.61%      0.25%       0.19%         --        1.05%         --        1.05%
- --------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 15



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.


- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      Acquired
                                                                                      Fund Fees    Total
                                                                                         and      Annual                 Net Total
                                                                                       Expenses  Expenses   Fee Waiv-     Annual
                                                                                      (Underly-   (Before  ers and/or    Expenses
                                                        Manage-                          ing      Expense    Expense      (After
                                                         ment     12b-1     Other      Portfo-    Limita-  Reimburse-    Expense
Portfolio Name                                          Fees(7)  Fees(8)  Expenses(9) lios)(10)   tions)    ments(11)  Limitations)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                     
Multimanager Core Bond*                                  0.59%     0.25%     0.18%       --       1.02%      (0.07)%      0.95%
Multimanager Health Care*                                1.20%     0.25%     0.23%       --       1.68%       0.00%       1.68%
Multimanager High Yield*                                 0.58%     0.25%     0.18%       --       1.01%         --        1.01%
Multimanager International Equity*                       1.02%     0.25%     0.26%       --       1.53%       0.00%       1.53%
Multimanager Large Cap Core Equity*                      0.90%     0.25%     0.20%       --       1.35%       0.00%       1.35%
Multimanager Large Cap Growth*                           0.90%     0.25%     0.22%       --       1.37%      (0.02)%      1.35%
Multimanager Large Cap Value*                            0.88%     0.25%     0.22%       --       1.35%       0.00%       1.35%
Multimanager Mid Cap Growth*                             1.10%     0.25%     0.20%     0.01%      1.56%       0.00%       1.56%
Multimanager Mid Cap Value*                              1.10%     0.25%     0.21%     0.03%      1.59%       0.00%       1.59%
Multimanager Technology*                                 1.20%     0.25%     0.23%       --       1.68%       0.00%       1.68%
- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust:
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                        0.47%     0.25%     0.13%       --       0.85%         --        0.85%
EQ/AllianceBernstein Growth and Income++                 0.56%     0.25%     0.12%       --       0.93%         --        0.93%
EQ/AllianceBernstein Intermediate Government Securities  0.50%     0.25%     0.14%       --       0.89%         --        0.89%
EQ/AllianceBernstein International                       0.71%     0.25%     0.20%       --       1.16%      (0.06)%      1.10%
EQ/AllianceBernstein Large Cap Growth                    0.90%     0.25%     0.11%       --       1.26%      (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond                        0.50%     0.25%     0.14%       --       0.89%         --        0.89%
EQ/AllianceBernstein Small Cap Growth                    0.74%     0.25%     0.13%       --       1.12%         --        1.12%
EQ/AllianceBernstein Value                               0.60%     0.25%     0.13%       --       0.98%      (0.03)%      0.95%
EQ/Ariel Appreciation II                                 0.75%     0.25%     0.51%       --       1.51%      (0.36)%      1.15%
EQ/AXA Rosenberg Value Long/Short Equity                 1.40%     0.25%     1.44%       --       3.09%      (1.10)%      1.99%
EQ/BlackRock Basic Value Equity*                         0.55%     0.25%     0.14%       --       0.94%       0.00%       0.94%
EQ/BlackRock International Value*                        0.82%     0.25%     0.21%       --       1.28%      (0.03)%      1.25%
EQ/Boston Advisors Equity Income                         0.75%     0.25%     0.15%       --       1.15%      (0.10)%      1.05%
EQ/Calvert Socially Responsible                          0.65%     0.25%     0.25%       --       1.15%      (0.10)%      1.05%
EQ/Capital Guardian Growth                               0.65%     0.25%     0.16%       --       1.06%      (0.11)%      0.95%
EQ/Capital Guardian International+                       0.83%     0.25%     0.21%       --       1.29%      (0.09)%      1.20%
EQ/Capital Guardian Research                             0.65%     0.25%     0.13%       --       1.03%      (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++                        0.64%     0.25%     0.14%       --       1.03%      (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond                        0.60%     0.25%     0.18%       --       1.03%      (0.03)%      1.00%
EQ/Davis New York Venture                                0.85%     0.25%     0.74%       --       1.84%      (0.54)%      1.30%
EQ/Equity 500 Index                                      0.25%     0.25%     0.13%       --       0.63%         --        0.63%
EQ/Evergreen International Bond                          0.70%     0.25%     0.23%       --       1.18%      (0.03)%      1.15%
EQ/Evergreen Omega                                       0.65%     0.25%     0.21%       --       1.11%       0.00%       1.11%
EQ/FI Mid Cap                                            0.68%     0.25%     0.15%       --       1.08%      (0.08)%      1.00%
EQ/FI Mid Cap Value+                                     0.73%     0.25%     0.13%       --       1.11%      (0.01)%      1.10%
EQ/Franklin Income                                       0.90%     0.25%     0.38%       --       1.53%      (0.23)%      1.30%
EQ/Franklin Small Cap Value                              0.90%     0.25%     2.00%       --       3.15%      (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**                0.05%     0.25%     0.21%     1.07%      1.58%      (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions                        0.90%     0.25%     0.33%       --       1.48%      (0.03)%      1.45%
EQ/GAMCO Small Company Value                             0.78%     0.25%     0.14%       --       1.17%       0.00%       1.17%
EQ/International Growth                                  0.85%     0.25%     0.35%       --       1.45%       0.00%       1.45%
EQ/Janus Large Cap Growth++                              0.90%     0.25%     0.15%       --       1.30%      (0.15)%      1.15%
EQ/JPMorgan Core Bond                                    0.44%     0.25%     0.15%       --       0.84%       0.00%       0.84%
EQ/JPMorgan Value Opportunities                          0.60%     0.25%     0.16%       --       1.01%      (0.06)%      0.95%
EQ/Legg Mason Value Equity                               0.65%     0.25%     0.22%       --       1.12%      (0.12)%      1.00%
EQ/Long Term Bond                                        0.43%     0.25%     0.15%       --       0.83%       0.00%       0.83%
EQ/Lord Abbett Growth and Income                         0.65%     0.25%     0.26%       --       1.16%      (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core                            0.65%     0.25%     0.41%       --       1.31%      (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                             0.70%     0.25%     0.18%       --       1.13%      (0.08)%      1.05%
EQ/Marsico Focus                                         0.85%     0.25%     0.13%       --       1.23%      (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+                        0.65%     0.25%     0.15%       --       1.05%         --        1.05%
EQ/MFS Investors Trust+                                  0.60%     0.25%     0.16%       --       1.01%      (0.06)%      0.95%
EQ/Money Market                                          0.33%     0.25%     0.14%       --       0.72%         --        0.72%
EQ/Montag & Caldwell Growth                              0.75%     0.25%     0.16%       --       1.16%      (0.01)%      1.15%
EQ/Mutual Shares                                         0.90%     0.25%     0.50%       --       1.65%      (0.35)%      1.30%
- -----------------------------------------------------------------------------------------------------------------------------------



16 Fee table



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.



- -----------------------------------------------------------------------------------------------------------------------------------
                                                                              Acquired
                                                                             Fund Fees    Total
                                                                                and       Annual                   Net Total
                                                                              Expenses   Expenses    Fee Waiv-      Annual
                                                                             (Underly-    (Before   ers and/or     Expenses
                                           Manage-                              ing       Expense     Expense       (After
                                            ment       12b-1       Other      Portfo-     Limita-   Reimburse-     Expense
Portfolio Name                             Fees(7)   Fees(8)   Expenses(9)   lios)(10)    tions)     ments(11)   Limitations)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                
EQ/Oppenheimer Global                       0.95%     0.25%       1.30%        0.01%       2.51%      (1.15)%        1.36%
EQ/Oppenheimer Main Street Opportunity      0.85%     0.25%       1.58%          --        2.68%      (1.38)%        1.30%
EQ/Oppenheimer Main Street Small Cap        0.90%     0.25%       1.48%          --        2.63%      (1.33)%        1.30%
EQ/PIMCO Real Return                        0.55%     0.25%       0.18%          --        0.98%      (0.08)%        0.90%
EQ/Short Duration Bond                      0.43%     0.25%       0.14%          --        0.82%       0.00%         0.82%
EQ/Small Cap Value+                         0.73%     0.25%       0.15%          --        1.13%      (0.03)%        1.10%
EQ/Small Company Growth+                    1.00%     0.25%       0.17%          --        1.42%      (0.12)%        1.30%
EQ/Small Company Index                      0.25%     0.25%       0.16%        0.01%       0.67%       0.00%         0.67%
EQ/TCW Equity++                             0.80%     0.25%       0.16%          --        1.21%      (0.06)%        1.15%
EQ/Templeton Growth                         0.95%     0.25%       0.64%          --        1.84%      (0.49)%        1.35%
EQ/UBS Growth and Income                    0.75%     0.25%       0.17%          --        1.17%      (0.12)%        1.05%
EQ/Van Kampen Comstock                      0.65%     0.25%       0.19%          --        1.09%      (0.09)%        1.00%
EQ/Van Kampen Emerging Markets Equity       1.12%     0.25%       0.40%          --        1.77%       0.00%         1.77%
EQ/Van Kampen Mid Cap Growth                0.70%     0.25%       0.23%          --        1.18%      (0.13)%        1.05%
EQ/Wells Fargo Montgomery Small Cap++       0.85%     0.25%       0.41%          --        1.51%      (0.21)%        1.30%
- -----------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- -----------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              0.74%     0.35%       0.27%          --        1.36%      (0.10)%        1.26%
- -----------------------------------------------------------------------------------------------------------------------------------




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and ben efits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.


Notes:

(1)  Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
     amount, if applicable:



                                                                                        
     The withdrawal charge percentage we use is determined by the contract year in         Contract
     which you make the withdrawal or surrender your contract. For each contribution,      Year
     we consider the contract year in which we receive that contribution to be "contract   1 ..............................  7.00%
     year 1")                                                                              2 ..............................  7.00%
                                                                                           3 ..............................  6.00%
                                                                                           4 ..............................  6.00%
                                                                                           5 ..............................  5.00%
                                                                                           6 ..............................  3.00%
                                                                                           7 ..............................  1.00%
                                                                                           8+ .............................  0.00%




(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year. If you are an existing contract
     owner, this pro rata deduction may not apply under your contract. See
     Appendix IX later in this Prospectus for more information. For Principal
     Protector(SM) only (if available), if the contract and benefit are
     continued under the Beneficiary continuation option with Principal
     Protector(SM), the pro rata deduction for the Principal Protector(SM)
     charge is waived.

(3)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, the charge, if
     applicable , is $30 for each con tract year.

(4)  These charges compensate us for certain risks we assume and expenses we
     incur under the contract.

(5)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.

(6)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.

(7)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (11) for any expense
     limitation agreement information.

(8)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940. For the portfolios of AXA Premier
     VIP Trust and EQ Advisors Trust, the 12b-1 fees will not be increased for
     the life of the contract.

(9)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (11) for any expense limitation agreement
     information.

(10) Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in


                                                                    Fee table 17



     shares of other portfolios of the Trusts and/or shares of unaffiliated
     portfolios ("the underlying portfolios"). Amounts shown reflect each
     portfolio's pro rata share of the fees and expenses of the underlying
     portfolios in which it invests. The fees and expenses are based on the
     respective weighted investment allocations as of 12/31/06. A "--" indicates
     that the listed portfolio does not invest in underlying portfolios.

(11) The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2007. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolio in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. Morgan
     Stanley Investment Management Inc., which does business in certain
     instances as "Van Kampen," is the manager of The Universal Institutional
     Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
     agreed to reduce its management fee and/or reimburse the Portfolio so that
     total annual operating expenses of the Portfolio (exclusive of investment
     related expenses, such as foreign country tax expense and interest expense
     on amounts borrowed) are not more than specified amounts. Additionally, the
     distributor of The Universal Institutional Funds, Inc. has agreed to waive
     a portion of the 12b-1 fee for Class II shares. Van Kampen and/or the
     fund's distributor reserves the right to terminate any waiver and/or
     reimbursement at any time without notice. See the prospectus for each
     applicable underlying Trust for more information about the arrangements. In
     addition, a portion of the brokerage commissions of certain Portfolios of
     AXA Premier VIP Trust and EQ Advisors Trust is used to reduce the
     applicable Portfolio's expenses. If the above table reflected both the
     expense limitation arrangements, plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:



- --------------------------------------------------
Portfolio Name
- --------------------------------------------------
Multimanager Aggressive Equity               1.03%
- --------------------------------------------------
Multimanager Health Care                     1.63%
- --------------------------------------------------
Multimanager International Equity            1.52%
- --------------------------------------------------
Multimanager Large Cap Core Equity           1.33%
- --------------------------------------------------
Multimanager Large Cap Growth                1.33%
- --------------------------------------------------
Multimanager Large Cap Value                 1.31%
- --------------------------------------------------
Multimanager Mid Cap Growth                  1.52%
- --------------------------------------------------
Multimanager Mid Cap Value                   1.58%
- --------------------------------------------------
Multimanager Technology                      1.64%
- --------------------------------------------------
EQ/AllianceBernstein Common Stock            0.83%
- --------------------------------------------------
EQ/AllianceBernstein Growth and Income       0.92%
- --------------------------------------------------
EQ/AllianceBernstein Large Cap Growth        1.03%
- --------------------------------------------------
EQ/AllianceBernstein Small Cap Growth        1.11%
- --------------------------------------------------
EQ/AllianceBernstein Value                   0.94%
- --------------------------------------------------
EQ/Ariel Appreciation II                     1.01%
- --------------------------------------------------
EQ/BlackRock Basic Value Equity              0.93%
- --------------------------------------------------
EQ/Capital Guardian Growth                   0.94%
- --------------------------------------------------
EQ/Capital Guardian Research                 0.94%
- --------------------------------------------------
EQ/Capital Guardian U.S. Equity              0.94%
- --------------------------------------------------
EQ/Davis New York Venture                    1.27%
- --------------------------------------------------
EQ/Evergreen Omega                           1.05%
- --------------------------------------------------
EQ/FI Mid Cap                                0.97%
- --------------------------------------------------
EQ/FI Mid Cap Value                          1.09%
- --------------------------------------------------
EQ/GAMCO Mergers and Acquisitions            1.37%
- --------------------------------------------------
EQ/GAMCO Small Company Value                 1.16%
- --------------------------------------------------
EQ/Janus Large Cap Growth                    1.14%
- --------------------------------------------------
EQ/Legg Mason Value Equity                   0.97%
- --------------------------------------------------
EQ/Lord Abbett Growth and Income             0.99%
- --------------------------------------------------
EQ/Lord Abbett Large Cap Core                0.99%
- --------------------------------------------------
EQ/Marsico Focus                             1.14%
- --------------------------------------------------
EQ/MFS Emerging Growth Companies             1.03%
- --------------------------------------------------
EQ/MFS Investors Trust                       0.94%
- --------------------------------------------------
EQ/Montag & Caldwell Growth                  1.13%
- --------------------------------------------------
EQ/Mutual Shares                             1.30%
- --------------------------------------------------
EQ/Small Cap Value                           1.02%
- --------------------------------------------------
EQ/UBS Growth and Income                     1.03%
- --------------------------------------------------
EQ/Van Kampen Comstock                       0.99%
- --------------------------------------------------
EQ/Van Kampen Emerging Markets Equity        1.75%
- --------------------------------------------------
EQ/Van Kampen Mid Cap Growth                 1.01%
- --------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap          1.20%
- --------------------------------------------------



EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


18 Fee table



The example below shows the expenses that a hypothetical contract owner (who has
elected the Guaranteed minimum income benefit with the enhanced death benefit
that provides for the greater of the 6% Roll-Up to age 85 or the Annual Ratchet
to age 85 and Protection Plus(SM)) would pay in the situations illustrated. The
example uses an average annual administrative charge based on the charges paid
in 2006, which results in an estimated administrative charge of .014% of
contract value.

The fixed maturity options, guaranteed interest option and the account for
special dollar cost averaging are not covered by the example. However, the
annual administrative charge, the withdrawal charge, the charge for any optional
benefits and the charge if you elect a Variable Immediate Annuity payout option
do apply to the fixed maturity options, guaranteed interest option and the
account for special dollar cost averaging. A market value adjustment (up or
down) may apply as a result of a withdrawal, transfer, or surrender of amounts
from a fixed maturity option.

The example assumes that you invest $10,000 in the contract for the time periods
indicated and that your investment has a 5% return each year. Other than the
administrative charge (which is described immediately above), the example also
assumes maximum contract charges and total annual expenses of the portfolios
(before expense limitations) set forth in the previous charts. This example
should not be considered a representation of past or future expenses for each
option. Actual expenses may be greater or less than those shown. Similarly, the
annual rate of return assumed in the example is not an estimate or guarantee of
future investment performance. Although your actual costs may be higher or
lower, based on these assumptions, your costs would be:


                                                                    Fee table 19






- ----------------------------------------------------------------------------------------------------------------
                                                                If you surrender your contract at the end
                                                                      of the applicable time period
                                                          ------------------------------------------------------
              Portfolio Name                                1 year        3 years        5 years       10 years
                                                                                           
- ----------------------------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST
- ----------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 $1,153.00      $1,988.00      $2,863.00      $4,989.00
AXA Conservative Allocation                               $1,132.00      $1,927.00      $2,763.00      $4,806.00
AXA Conservative-Plus Allocation                          $1,133.00      $1,930.00      $2,768.00      $4,816.00
AXA Moderate Allocation                                   $1,138.00      $1,945.00      $2,793.00      $4,861.00
AXA Moderate-Plus Allocation                              $1,146.00      $1,967.00      $2,828.00      $4,925.00
Multimanager Aggressive Equity*                           $1,112.00      $1,868.00      $2,668.00      $4,630.00
Multimanager Core Bond*                                   $1,109.00      $1,859.00      $2,653.00      $4,601.00
Multimanager Health Care*                                 $1,178.00      $2,061.00      $2,981.00      $5,202.00
Multimanager High Yield*                                  $1,108.00      $1,856.00      $2,648.00      $4,592.00
Multimanager International Equity*                        $1,163.00      $2,016.00      $2,907.00      $5,069.00
Multimanager Large Cap Core Equity*                       $1,144.00      $1,960.00      $2,818.00      $4,907.00
Multimanager Large Cap Growth*                            $1,146.00      $1,967.00      $2,828.00      $4,925.00
Multimanager Large Cap Value*                             $1,144.00      $1,960.00      $2,818.00      $4,907.00
Multimanager Mid Cap Growth*                              $1,166.00      $2,025.00      $2,922.00      $5,096.00
Multimanager Mid Cap Value*                               $1,169.00      $2,034.00      $2,937.00      $5,123.00
Multimanager Technology *                                 $1,178.00      $2,061.00      $2,981.00      $5,202.00
- ----------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         $1,091.00      $1,806.00      $2,567.00      $4,440.00
EQ/AllianceBernstein Growth and Income++                  $1,100.00      $1,831.00      $2,608.00      $4,516.00
EQ/AllianceBernstein Intermediate Government Securities   $1,095.00      $1,819.00      $2,587.00      $4,478.00
EQ/AllianceBernstein International                        $1,124.00      $1,902.00      $2,723.00      $4,732.00
EQ/AllianceBernstein Large Cap Growth                     $1,134.00      $1,933.00      $2,773.00      $4,825.00
EQ/AllianceBernstein Quality Bond                         $1,095.00      $1,819.00      $2,587.00      $4,478.00
EQ/AllianceBernstein Small Cap Growth                     $1,120.00      $1,890.00      $2,703.00      $4,695.00
EQ/AllianceBernstein Value                                $1,105.00      $1,846.00      $2,633.00      $4,564.00
EQ/Ariel Appreciation II                                  $1,160.00      $2,009.00      $2,897.00      $5,051.00
EQ/AXA Rosenberg Value Long/Short Equity                  $1,326.00      $2,484.00      $3,650.00      $6,351.00
EQ/BlackRock Basic Value Equity*                          $1,101.00      $1,834.00      $2,613.00      $4,526.00
EQ/BlackRock International Value*                         $1,136.00      $1,939.00      $2,783.00      $4,843.00
EQ/Boston Advisors Equity Income                          $1,123.00      $1,899.00      $2,718.00      $4,723.00
EQ/Calvert Socially Responsible                           $1,123.00      $1,899.00      $2,718.00      $4,723.00
EQ/Capital Guardian Growth                                $1,113.00      $1,871.00      $2,673.00      $4,639.00
EQ/Capital Guardian International+                        $1,137.00      $1,942.00      $2,788.00      $4,852.00
EQ/Capital Guardian Research                              $1,110.00      $1,862.00      $2,658.00      $4,611.00
EQ/Capital Guardian U.S. Equity ++                        $1,110.00      $1,862.00      $2,658.00      $4,611.00
EQ/Caywood-Scholl High Yield Bond                         $1,110.00      $1,862.00      $2,658.00      $4,611.00
EQ/Davis New York Venture                                 $1,195.00      $2,110.00      $3,059.00      $5,342.00
EQ/Equity 500 Index                                       $1,068.00      $1,738.00      $2,455.00      $4,226.00
EQ/Evergreen International Bond                           $1,126.00      $1,908.00      $2,733.00      $4,751.00
EQ/Evergreen Omega                                        $1,118.00      $1,887.00      $2,698.00      $4,686.00
EQ/FI Mid Cap                                             $1,115.00      $1,877.00      $2,683.00      $4,658.00
- ----------------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------------
                                                                       If you annuitize at the end
                                                                      of the applicable time period
                                                          ------------------------------------------------------
              Portfolio Name                                1 year        3 years        5 years       10 years
                                                                                           
- ----------------------------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST
- ----------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                    N/A         $1,988.00      $2,863.00     $4,989.00
AXA Conservative Allocation                                  N/A         $1,927.00      $2,763.00     $4,806.00
AXA Conservative-Plus Allocation                             N/A         $1,930.00      $2,768.00     $4,816.00
AXA Moderate Allocation                                      N/A         $1,945.00      $2,793.00     $4,861.00
AXA Moderate-Plus Allocation                                 N/A         $1,967.00      $2,828.00     $4,925.00
Multimanager Aggressive Equity*                              N/A         $1,868.00      $2,668.00     $4,630.00
Multimanager Core Bond*                                      N/A         $1,859.00      $2,653.00     $4,601.00
Multimanager Health Care*                                    N/A         $2,061.00      $2,981.00     $5,202.00
Multimanager High Yield*                                     N/A         $1,856.00      $2,648.00     $4,592.00
Multimanager International Equity*                           N/A         $2,016.00      $2,907.00     $5,069.00
Multimanager Large Cap Core Equity*                          N/A         $1,960.00      $2,818.00     $4,907.00
Multimanager Large Cap Growth*                               N/A         $1,967.00      $2,828.00     $4,925.00
Multimanager Large Cap Value*                                N/A         $1,960.00      $2,818.00     $4,907.00
Multimanager Mid Cap Growth*                                 N/A         $2,025.00      $2,922.00     $5,096.00
Multimanager Mid Cap Value*                                  N/A         $2,034.00      $2,937.00     $5,123.00
Multimanager Technology*                                     N/A         $2,061.00      $2,981.00     $5,202.00
- ----------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                            N/A         $1,806.00      $2,567.00     $4,440.00
EQ/AllianceBernstein Growth and Income++                     N/A         $1,831.00      $2,608.00     $4,516.00
EQ/AllianceBernstein Intermediate Government Securities      N/A         $1,819.00      $2,587.00     $4,478.00
EQ/AllianceBernstein International                           N/A         $1,902.00      $2,723.00     $4,732.00
EQ/AllianceBernstein Large Cap Growth                        N/A         $1,933.00      $2,773.00     $4,825.00
EQ/AllianceBernstein Quality Bond                            N/A         $1,819.00      $2,587.00     $4,478.00
EQ/AllianceBernstein Small Cap Growth                        N/A         $1,890.00      $2,703.00     $4,695.00
EQ/AllianceBernstein Value                                   N/A         $1,846.00      $2,633.00     $4,564.00
EQ/Ariel Appreciation II                                     N/A         $2,009.00      $2,897.00     $5,051.00
EQ/AXA Rosenberg Value Long/Short Equity                     N/A         $2,484.00      $3,650.00     $6,351.00
EQ/BlackRock Basic Value Equity*                             N/A         $1,834.00      $2,613.00     $4,526.00
EQ/BlackRock International Value*                            N/A         $1,939.00      $2,783.00     $4,843.00
EQ/Boston Advisors Equity Income                             N/A         $1,899.00      $2,718.00     $4,723.00
EQ/Calvert Socially Responsible                              N/A         $1,899.00      $2,718.00     $4,723.00
EQ/Capital Guardian Growth                                   N/A         $1,871.00      $2,673.00     $4,639.00
EQ/Capital Guardian International+                           N/A         $1,942.00      $2,788.00     $4,852.00
EQ/Capital Guardian Research                                 N/A         $1,862.00      $2,658.00     $4,611.00
EQ/Capital Guardian U.S. Equity++                            N/A         $1,862.00      $2,658.00     $4,611.00
EQ/Caywood-Scholl High Yield Bond                            N/A         $1,862.00      $2,658.00     $4,611.00
EQ/Davis New York Venture                                    N/A         $2,110.00      $3,059.00     $5,342.00
EQ/Equity 500 Index                                          N/A         $1,738.00      $2,455.00     $4,226.00
EQ/Evergreen International Bond                              N/A         $1,908.00      $2,733.00     $4,751.00
EQ/Evergreen Omega                                           N/A         $1,887.00      $2,698.00     $4,686.00
EQ/FI Mid Cap                                                N/A         $1,877.00      $2,683.00     $4,658.00
- ----------------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------------
                                                             If you do not surrender your contract at the end
                                                                     of the applicable time period
                                                          ------------------------------------------------------
              Portfolio Name                                1 year        3 years        5 years       10 years
                                                                                           
- ----------------------------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST
- ----------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 $453.00        $1,388.00     $2,363.00       $4,989.00
AXA Conservative Allocation                               $432.00        $1,327.00     $2,263.00       $4,806.00
AXA Conservative-Plus Allocation                          $433.00        $1,330.00     $2,268.00       $4,816.00
AXA Moderate Allocation                                   $438.00        $1,345.00     $2,293.00       $4,861.00
AXA Moderate-Plus Allocation                              $446.00        $1,367.00     $2,328.00       $4,925.00
Multimanager Aggressive Equity*                           $412.00        $1,268.00     $2,168.00       $4,630.00
Multimanager Core Bond*                                   $409.00        $1,259.00     $2,153.00       $4,601.00
Multimanager Health Care*                                 $478.00        $1,461.00     $2,481.00       $5,202.00
Multimanager High Yield*                                  $408.00        $1,256.00     $2,148.00       $4,592.00
Multimanager International Equity*                        $463.00        $1,416.00     $2,407.00       $5,069.00
Multimanager Large Cap Core Equity*                       $444.00        $1,360.00     $2,318.00       $4,907.00
Multimanager Large Cap Growth*                            $446.00        $1,367.00     $2,328.00       $4,925.00
Multimanager Large Cap Value*                             $444.00        $1,360.00     $2,318.00       $4,907.00
Multimanager Mid Cap Growth*                              $466.00        $1,425.00     $2,422.00       $5,096.00
Multimanager Mid Cap Value*                               $469.00        $1,434.00     $2,437.00       $5,123.00
Multimanager Technology *                                 $478.00        $1,461.00     $2,481.00       $5,202.00
- ----------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         $391.00        $1,206.00     $2,067.00       $4,440.00
EQ/AllianceBernstein Growth and Income++                  $400.00        $1,231.00     $2,108.00       $4,516.00
EQ/AllianceBernstein Intermediate Government Securitie s  $395.00        $1,219.00     $2,087.00       $4,478.00
EQ/AllianceBernstein International                        $424.00        $1,302.00     $2,223.00       $4,732.00
EQ/AllianceBernstein Large Cap Growth                     $434.00        $1,333.00     $2,273.00       $4,825.00
EQ/AllianceBernstein Quality Bond                         $395.00        $1,219.00     $2,087.00       $4,478.00
EQ/AllianceBernstein Small Cap Growth                     $420.00        $1,290.00     $2,203.00       $4,695.00
EQ/AllianceBernstein Value                                $405.00        $1,246.00     $2,133.00       $4,564.00
EQ/Ariel Appreciation II                                  $460.00        $1,409.00     $2,397.00       $5,051.00
EQ/AXA Rosenberg Value Long/Short Equity                  $626.00        $1,884.00     $3,150.00       $6,351.00
EQ/BlackRock Basic Value Equity*                          $401.00        $1,234.00     $2,113.00       $4,526.00
EQ/BlackRock International Value*                         $436.00        $1,339.00     $2,283.00       $4,843.00
EQ/Boston Advisors Equity Income                          $423.00        $1,299.00     $2,218.00       $4,723.00
EQ/Calvert Socially Responsible                           $423.00        $1,299.00     $2,218.00       $4,723.00
EQ/Capital Guardian Growth                                $413.00        $1,271.00     $2,173.00       $4,639.00
EQ/Capital Guardian International+                        $437.00        $1,342.00     $2,288.00       $4,852.00
EQ/Capital Guardian Research                              $410.00        $1,262.00     $2,158.00       $4,611.00
EQ/Capital Guardian U.S. Equity ++                        $410.00        $1,262.00     $2,158.00       $4,611.00
EQ/Caywood-Scholl High Yield Bond                         $410.00        $1,262.00     $2,158.00       $4,611.00
EQ/Davis New York Venture                                 $495.00        $1,510.00     $2,559.00       $5,342.00
EQ/Equity 500 Index                                       $368.00        $1,138.00     $1,955.00       $4,226.00
EQ/Evergreen International Bond                           $426.00        $1,308.00     $2,233.00       $4,751.00
EQ/Evergreen Omega                                        $418.00        $1,287.00     $2,198.00       $4,686.00
EQ/FI Mid Cap                                             $415.00        $1,277.00     $2,183.00       $4,658.00
- ----------------------------------------------------------------------------------------------------------------



20 Fee table








- ----------------------------------------------------------------------------------------------------------------
                                                                 If you surrender your contract at the end
                                                                         of the applicable time period
                                                          ------------------------------------------------------
              Portfolio Name                                1 year        3 years        5 years       10 years
                                                                                           
- ----------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value+                                      $1,118.00      $1,887.00      $2,698.00      $4,686.00
EQ/Franklin Income                                        $1,163.00      $2,016.00      $2,907.00      $5,069.00
EQ/Franklin Small Cap Value                               $1,333.00      $2,502.00      $3,677.00      $6,396.00
EQ/Franklin Templeton Founding Strategy**                 $1,168.00      $2,031.00      $2,932.00      $5,114.00
EQ/GAMCO Mergers and Acquisitions                         $1,157.00      $2,000.00      $2,882.00      $5,025.00
EQ/GAMCO Small Company Value                              $1,125.00      $1,905.00      $2,728.00      $4,742.00
EQ/International Growth                                   $1,154.00      $1,991.00      $2,868.00      $4,998.00
EQ/Janus Large Cap Growth++                               $1,138.00      $1,945.00      $2,793.00      $4,861.00
EQ/JPMorgan Core Bond                                     $1,090.00      $1,803.00      $2,562.00      $4,430.00
EQ/JPMorgan Value Opportunities                           $1,108.00      $1,856.00      $2,648.00      $4,592.00
EQ/Legg Mason Value Equity                                $1,120.00      $1,890.00      $2,703.00      $4,695.00
EQ/Long Term Bond                                         $1,089.00      $1,800.00      $2,557.00      $4,421.00
EQ/Lord Abbett Growth and Income                          $1,124.00      $1,902.00      $2,723.00      $4,732.00
EQ/Lord Abbett Large Cap Core                             $1,139.00      $1,948.00      $2,798.00      $4,871.00
EQ/Lord Abbett Mid Cap Value                              $1,121.00      $1,893.00      $2,708.00      $4,705.00
EQ/Marsico Focus                                          $1,131.00      $1,924.00      $2,758.00      $4,797.00
EQ/MFS Emerging Growth Companies+                         $1,112.00      $1,868.00      $2,668.00      $4,630.00
EQ/MFS Investors Trust+                                   $1,108.00      $1,856.00      $2,648.00      $4,592.00
EQ/Money Market                                           $1,078.00      $1,766.00      $2,501.00      $4,314.00
EQ/Montag & Caldwell Growth                               $1,124.00      $1,902.00      $2,723.00      $4,732.00
EQ/Mutual Shares                                          $1,175.00      $2,052.00      $2,966.00      $5,176.00
EQ/Oppenheimer Global                                     $1,265.00      $2,312.00      $3,380.00      $5,900.00
EQ/Oppenheimer Main Street Opportunity                    $1,283.00      $2,363.00      $3,460.00      $6,035.00
EQ/Oppenheimer Main Street Small Cap                      $1,278.00      $2,348.00      $3,436.00      $5,995.00
EQ/PIMCO Real Return                                      $1,105.00      $1,846.00      $2,633.00      $4,564.00
EQ/Short Duration Bond                                    $1,088.00      $1,797.00      $2,552.00      $4,411.00
EQ/Small Cap Value+                                       $1,121.00      $1,893.00      $2,708.00      $4,705.00
EQ/Small Company Growth+                                  $1,151.00      $1,982.00      $2,853.00      $4,971.00
EQ/Small Company Index                                    $1,072.00      $1,750.00      $2,475.00      $4,266.00
EQ/TCW Equity ++                                          $1,129.00      $1,917.00      $2,748.00      $4,779.00
EQ/Templeton Growth                                       $1,195.00      $2,110.00      $3,059.00      $5,342.00
EQ/UBS Growth and Income                                  $1,125.00      $1,905.00      $2,728.00      $4,742.00
EQ/Van Kampen Comstock                                    $1,116.00      $1,880.00      $2,688.00      $4,667.00
EQ/Van Kampen Emerging Markets Equity                     $1,188.00      $2,089.00      $3,025.00      $5,281.00
EQ/Van Kampen Mid Cap Growth                              $1,126.00      $1,908.00      $2,733.00      $4,751.00
EQ/Wells Fargo Montgomery Small Cap++                     $1,160.00      $2,009.00      $2,897.00      $5,051.00
- ----------------------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- ----------------------------------------------------------------------------------------------------------------
U.S. Real Estate - Class II++                             $1,145.00      $1,963.00      $2,823.00      $4,916.00


- ----------------------------------------------------------------------------------------------------------------
                                                                      If you annuitize at the end
                                                                     of the applicable time period
                                                          ------------------------------------------------------
              Portfolio Name                                1 year        3 years        5 years       10 years
                                                                                           
- ----------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value+                                         N/A         $1,887.00      $2,698.00      $4,686.00
EQ/Franklin Income                                           N/A         $2,016.00      $2,907.00      $5,069.00
EQ/Franklin Small Cap Value                                  N/A         $2,502.00      $3,677.00      $6,396.00
EQ/Franklin Templeton Founding Strategy**                    N/A         $2,031.00      $2,932.00      $5,114.00
EQ/GAMCO Mergers and Acquisitions                            N/A         $2,000.00      $2,882.00      $5,025.00
EQ/GAMCO Small Company Value                                 N/A         $1,905.00      $2,728.00      $4,742.00
EQ/International Growth                                      N/A         $1,991.00      $2,868.00      $4,998.00
EQ/Janus Large Cap Growth++                                  N/A         $1,945.00      $2,793.00      $4,861.00
EQ/JPMorgan Core Bond                                        N/A         $1,803.00      $2,562.00      $4,430.00
EQ/JPMorgan Value Opportunities                              N/A         $1,856.00      $2,648.00      $4,592.00
EQ/Legg Mason Value Equity                                   N/A         $1,890.00      $2,703.00      $4,695.00
EQ/Long Term Bond                                            N/A         $1,800.00      $2,557.00      $4,421.00
EQ/Lord Abbett Growth and Income                             N/A         $1,902.00      $2,723.00      $4,732.00
EQ/Lord Abbett Large Cap Core                                N/A         $1,948.00      $2,798.00      $4,871.00
EQ/Lord Abbett Mid Cap Value                                 N/A         $1,893.00      $2,708.00      $4,705.00
EQ/Marsico Focus                                             N/A         $1,924.00      $2,758.00      $4,797.00
EQ/MFS Emerging Growth Companies+                            N/A         $1,868.00      $2,668.00      $4,630.00
EQ/MFS Investors Trust+                                      N/A         $1,856.00      $2,648.00      $4,592.00
EQ/Money Market                                              N/A         $1,766.00      $2,501.00      $4,314.00
EQ/Montag & Caldwell Growth                                  N/A         $1,902.00      $2,723.00      $4,732.00
EQ/Mutual Shares                                             N/A         $2,052.00      $2,966.00      $5,176.00
EQ/Oppenheimer Global                                        N/A         $2,312.00      $3,380.00      $5,900.00
EQ/Oppenheimer Main Street Opportunity                       N/A         $2,363.00      $3,460.00      $6,035.00
EQ/Oppenheimer Main Street Small Cap                         N/A         $2,348.00      $3,436.00      $5,995.00
EQ/PIMCO Real Return                                         N/A         $1,846.00      $2,633.00      $4,564.00
EQ/Short Duration Bond                                       N/A         $1,797.00      $2,552.00      $4,411.00
EQ/Small Cap Value+                                          N/A         $1,893.00      $2,708.00      $4,705.00
EQ/Small Company Growth+                                     N/A         $1,982.00      $2,853.00      $4,971.00
EQ/Small Company Index                                       N/A         $1,750.00      $2,475.00      $4,266.00
EQ/TCW Equity ++                                             N/A         $1,917.00      $2,748.00      $4,779.00
EQ/Templeton Growth                                          N/A         $2,110.00      $3,059.00      $5,342.00
EQ/UBS Growth and Income                                     N/A         $1,905.00      $2,728.00      $4,742.00
EQ/Van Kampen Comstock                                       N/A         $1,880.00      $2,688.00      $4,667.00
EQ/Van Kampen Emerging Markets Equity                        N/A         $2,089.00      $3,025.00      $5,281.00
EQ/Van Kampen Mid Cap Growth                                 N/A         $1,908.00      $2,733.00      $4,751.00
EQ/Wells Fargo Montgomery Small Cap++                        N/A         $2,009.00      $2,897.00      $5,051.00
- ----------------------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- ----------------------------------------------------------------------------------------------------------------
U.S. Real Estate - Class II++                                N/A         $1,963.00      $2,823.00      $4,916.00


- ----------------------------------------------------------------------------------------------------------------
                                                             If you do not surrender your contract at the end
                                                                        of the applicable time period
                                                          ------------------------------------------------------
              Portfolio Name                                1 year        3 years        5 years       10 years
                                                                                           
- ----------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value+                                       $418.00       $1,287.00      $2,198.00      $4,686.00
EQ/Franklin Income                                         $463.00       $1,416.00      $2,407.00      $5,069.00
EQ/Franklin Small Cap Value                                $633.00       $1,902.00      $3,177.00      $6,396.00
EQ/Franklin Templeton Founding Strategy**                  $468.00       $1,431.00      $2,432.00      $5,114.00
EQ/GAMCO Mergers and Acquisitions                          $457.00       $1,400.00      $2,382.00      $5,025.00
EQ/GAMCO Small Company Value                               $425.00       $1,305.00      $2,228.00      $4,742.00
EQ/International Growth                                    $454.00       $1,391.00      $2,368.00      $4,998.00
EQ/Janus Large Cap Growth++                                $438.00       $1,345.00      $2,293.00      $4,861.00
EQ/JPMorgan Core Bond                                      $390.00       $1,203.00      $2,062.00      $4,430.00
EQ/JPMorgan Value Opportunities                            $408.00       $1,256.00      $2,148.00      $4,592.00
EQ/Legg Mason Value Equity                                 $420.00       $1,290.00      $2,203.00      $4,695.00
EQ/Long Term Bond                                          $389.00       $1,200.00      $2,057.00      $4,421.00
EQ/Lord Abbett Growth and Income                           $424.00       $1,302.00      $2,223.00      $4,732.00
EQ/Lord Abbett Large Cap Core                              $439.00       $1,348.00      $2,298.00      $4,871.00
EQ/Lord Abbett Mid Cap Value                               $421.00       $1,293.00      $2,208.00      $4,705.00
EQ/Marsico Focus                                           $431.00       $1,324.00      $2,258.00      $4,797.00
EQ/MFS Emerging Growth Companies+                          $412.00       $1,268.00      $2,168.00      $4,630.00
EQ/MFS Investors Trust+                                    $408.00       $1,256.00      $2,148.00      $4,592.00
EQ/Money Market                                            $378.00       $1,166.00      $2,001.00      $4,314.00
EQ/Montag & Caldwell Growth                                $424.00       $1,302.00      $2,223.00      $4,732.00
EQ/Mutual Shares                                           $475.00       $1,452.00      $2,466.00      $5,176.00
EQ/Oppenheimer Global                                      $565.00       $1,712.00      $2,880.00      $5,900.00
EQ/Oppenheimer Main Street Opportunity                     $583.00       $1,763.00      $2,960.00      $6,035.00
EQ/Oppenheimer Main Street Small Cap                       $578.00       $1,748.00      $2,936.00      $5,995.00
EQ/PIMCO Real Return                                       $405.00       $1,246.00      $2,133.00      $4,564.00
EQ/Short Duration Bond                                     $388.00       $1,197.00      $2,052.00      $4,411.00
EQ/Small Cap Value+                                        $421.00       $1,293.00      $2,208.00      $4,705.00
EQ/Small Company Growth+                                   $451.00       $1,382.00      $2,353.00      $4,971.00
EQ/Small Company Index                                     $372.00       $1,150.00      $1,975.00      $4,266.00
EQ/TCW Equity++                                            $429.00       $1,317.00      $2,248.00      $4,779.00
EQ/Templeton Growth                                        $495.00       $1,510.00      $2,559.00      $5,342.00
EQ/UBS Growth and Income                                   $425.00       $1,305.00      $2,228.00      $4,742.00
EQ/Van Kampen Comstock                                     $416.00       $1,280.00      $2,188.00      $4,667.00
EQ/Van Kampen Emerging Markets Equity                      $488.00       $1,489.00      $2,525.00      $5,281.00
EQ/Van Kampen Mid Cap Growth                               $426.00       $1,308.00      $2,233.00      $4,751.00
EQ/Wells Fargo Montgomery Small Cap++                      $460.00       $1,409.00      $2,397.00      $5,051.00
- ----------------------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- ----------------------------------------------------------------------------------------------------------------
U.S. Real Estate - Class II++                              $445.00       $1,363.00      $2,323.00      $4,916.00
- ----------------------------------------------------------------------------------------------------------------




*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "Contract features and benefits" later in this Prospectus for the investment
   option's former name.

** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.

++ Please see the supplement included with this Prospectus regarding the planned
   substitution or merger of this Portfolio.


                                                                    Fee table 21



CONDENSED FINANCIAL INFORMATION

Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.



22 Fee table


1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum contribution amount for each type of
contract purchased. The following table summarizes our rules regarding
contributions to your contract. All ages in the table refer to the age of the
annuitant named in the contract.


We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are ages 81
and older at contract issue -- if you are an existing contract owner, this
restriction may not apply to you. See Appendix IX later in this Prospectus for
more information). We may also refuse to accept any contribution if the sum of
all contributions under all AXA Equitable annuity accumulation contracts with
the same owner or annuitant would then total more than $2,500,000. We may waive
these contribution limitations based on certain criteria, including benefits
that have been elected, issue age, the total amount of contributions, variable
investment option allocations and selling broker-dealer compensation. We reserve
the right to limit aggregate contributions made after the first contract year to
150% of first-year contributions. We may accept less than the minimum initial
contribution under a contract if an aggregate amount of contracts purchased at
the same time by an individual (including spouse) meets the minimum.


- --------------------------------------------------------------------------------
The "annuitant" is the person who is the measuring life for determining contract
benefits. The annuitant is not necessarily the contract owner.
- --------------------------------------------------------------------------------




- -----------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant    Minimum
 Contract type    issue ages*      contributions                 Source of contributions          Limitations on contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
NQ                0 through 85     o $5,000 (initial)            o After-tax money.               o For annuitants up to age 83
                                                                                                    at contract issue, no addi-
                                   o $500 (additional)           o Paid to us by check or           tional contributions may be
                                                                   transfer of contract value       made after attainment of
                                   o $100 monthly and $300         in a tax-deferred exchange       age 84, or, if later, the first
                                     quarterly under our auto-     under Section 1035 of the        contract date anniversary.*
                                     matic investment program      Internal Revenue Code.
                                     (additional)                                                 o For annuitants age 84 or
                                                                                                    older at contract issue,
                                                                                                    additional contributions may
                                                                                                    be made up to one year
                                                                                                    from contract issue.*
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 23






- -----------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant    Minimum
 Contract type    issue ages*      contributions            Source of contributions               Limitations on contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
Rollover IRA      20 through 85    o  $5,000 (initial)      o  Eligible rollover distribu-        o  For annuitants up to age 83
                                                               tions from TSA contracts or           at contract issue, no addi-
                                   o  $50 (additional)         other 403(b) arrangements,            tional contributions may be
                                                               qualified plans, and govern-          made after attainment of
                                                               mental employer 457(b)                age 84, or, if later, the
                                                               plans.                                first contract date
                                                                                                     anniversary.*
                                                            o  Rollovers from another
                                                               traditional individual retire-     o  For annuitants age 84 or
                                                               ment arrangement.                     older at contract issue,
                                                                                                     addi- tional contributions
                                                            o  Direct custodian-to-                  may be made up to one year
                                                               custodian transfers from              from contract issue.*
                                                               another traditional indi-
                                                               vidual retirement                  o  Contributions after age
                                                               arrangement.                          70-1/2 must be net of
                                                                                                     required minimum
                                                            o  Regular IRA contributions.            distributions.

                                                            o  Additional "catch-up"              o  Although we accept regular
                                                               contributions.                        IRA contributions (limited
                                                                                                     to $4,000 for 2007 and
                                                                                                     $5,000 for 2008) under
                                                                                                     rollover IRA contracts, we
                                                                                                     intend that this contract
                                                                                                     be used primarily for
                                                                                                     rollover and direct
                                                                                                     transfer contributions.

                                                                                                  o  Additional catch-up contri-
                                                                                                     butions of up to $1,000 per
                                                                                                     calendar year where the
                                                                                                     owner is at least age 50
                                                                                                     but under age 70-1/2 at any
                                                                                                     time during the calendar
                                                                                                     year for which the
                                                                                                     contribution is made.
- -----------------------------------------------------------------------------------------------------------------------------------



24 Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant    Minimum
 Contract type    issue ages*      contributions            Source of contributions               Limitations on contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
Roth Conversion   20 through 85    o  $5,000 (initial)      o  Rollovers from another Roth        o  For annuitants up to age 83
IRA                                                            IRA.                                  at contract issue, no addi-
                                   o  $50 (additional)                                               tional contributions may be
                                                            o  Rollovers from a "desig-              made after attainment of
                                                               nated Roth contribution               age 84, or, if later, the
                                                               account" under a 401(k)               first contract date
                                                               plan or 403(b) arrange-               anniversary.*
                                                               ment.
                                                                                                  o  For annuitants age 84 or
                                                            o  Conversion rollovers from a           older at contract issue,
                                                               traditional IRA.                      addi- tional contributions
                                                                                                     may be made up to one year
                                                            o  Direct transfers from                 from contract issue.*
                                                               another Roth IRA.
                                                                                                  o  Conversion rollovers after
                                                            o  Regular Roth IRA contribu-            age 70-1/2 must be net of
                                                               tions.                                required minimum distribu-
                                                                                                     tions for the traditional
                                                            o  Additional catch-up                   IRA you are rolling over.
                                                               contributions.
                                                                                                  o  You cannot roll over funds
                                                                                                     from a traditional IRA if
                                                                                                     your adjusted gross income
                                                                                                     is $100,000 or more.

                                                                                                  o  Although we accept regular
                                                                                                     Roth IRA contributions
                                                                                                     (limited to $4,000 for
                                                                                                     2007 and $5,000 for 2008)
                                                                                                     under Roth IRA contracts,
                                                                                                     we intend that this
                                                                                                     contract be used primarily
                                                                                                     for rollover and direct
                                                                                                     transfer contribu- tions.

                                                                                                  o  Additional catch-up contri-
                                                                                                     butions of up to $1,000 per
                                                                                                     calendar year where the
                                                                                                     owner is at least age 50 at
                                                                                                     any time during the
                                                                                                     calendar year for which the
                                                                                                     contribu- tion is made.
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25






- -----------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant    Minimum
 Contract type    issue ages*      contributions            Source of contributions               Limitations on contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
Rollover TSA      20 through 85    o  $5,000 (initial)      o  Direct transfers of pre-tax        o  For annuitants up to age 83
                                                               funds from another contract           at contract issue, no addi-
                                   o  $500 (additional)        or arrangement under Sec-             tional contributions may be
                                                               tion 403(b) of the Internal           made after attainment of
                                                               Revenue Code, complying               age 84,or, if later, the
                                                               with IRS Revenue Ruling               first contract date
                                                               90-24.                                anniversary.*

                                                            o  Eligible rollover distribu-        o  For annuitants age 84 or
                                                               tions of pre-tax funds from           older at contract issue,
                                                               other 403(b) plans.                   addi- tional contributions
                                                                                                     may be made up to one year
                                                            o  Subsequent contributions              from contract issue.*
                                                               may also be rollovers from
                                                               qualified plans, governmen-        o  Rollover or direct transfer
                                                               tal employer 457(b) plans             contributions after age
                                                               and traditional IRAs.                 70-1/2 must be net of any
                                                                                                     required minimum
                                                                                                     distributions.

                                                                                                  o  We do not accept employer-
                                                                                                     remitted contributions.
- -----------------------------------------------------------------------------------------------------------------------------------
QP                20 through 75    o  $5,000 (initial)      o  Only transfer contributions        o  A separate QP contract must
                                                               from other investments                be established for each
                                   o  $500 (additional)        within an existing defined            plan participant.
                                                               contribution qualified plan
                                                               trust.                             o  We do not accept regular
                                                                                                     ongoing payroll contribu-
                                                            o  The plan must be qualified            tions or contributions
                                                               under Section 401(a) of the           directly from the employer.
                                                               Internal Revenue Code.
                                                                                                  o  Only one additional
                                                            o  For 401(k) plans, trans-              transfer contribution may
                                                               ferred contributions may              be made during a contract
                                                               not include any after-tax             year.
                                                               contributions, including
                                                               designated Roth contribu-          o  No additional transfer con-
                                                               tions.                                tributions after
                                                                                                     participant's attainment of
                                                                                                     age 76 or, if later, the
                                                                                                     first contract date
                                                                                                     anniversary.

                                                                                                  o  Contributions after age
                                                                                                     70-1/2 must be net of any
                                                                                                     required minimum
                                                                                                     distributions.

                                                                                                  o  We do not accept contribu-
                                                                                                     tions from defined benefit
                                                                                                     plans.

See Appendix II at the end of this Prospectus for a discussion of purchase considerations of QP contracts.
- -----------------------------------------------------------------------------------------------------------------------------------



26 Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant    Minimum
 Contract type    issue ages*      contributions            Source of contributions               Limitations on contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
Flexible Premium  20 through 70    o  $2,000 (initial)      o  Regular traditional IRA IRA        o  No regular IRA
IRA                                                            contributions.                        contributions in the
                                   o  $50 (additional)                                               calendar year you turn age
                                                            o  Additional catch-up                   70-1/2 and thereafter.
                                   o  $50 under our            contributions.
                                      automatic investment                                        o  Rollover and direct
                                      program (additional)  o  Eligible rollover distribu-           transfer contributions may
                                                               tions from TSA contracts or           be made up to attainment of
                                                               other 403(b) arrangements,            age 84.*
                                                               qualified plans, and
                                                               govern- mental employer            o  Regular contributions may
                                                               457(b) plans.                         not exceed $4,000 for 2007
                                                                                                     and $5,000 for 2008.
                                                            o  Rollovers from another
                                                               traditional individual             o  Rollover and direct
                                                               retire- ment arrangement.             transfer contributions
                                                                                                     after age 70-1/2 must be
                                                            o  Direct custodian-                     net of required minimum
                                                               to-custodian transfers from           distributions.
                                                               another traditional indi-
                                                               vidual retirement                  o  Although we accept rollover
                                                               arrangement.                          and direct transfer
                                                                                                     contribu- tions under the
                                                                                                     Flexible Premium IRA
                                                                                                     contract, we intend that
                                                                                                     this contract be used for
                                                                                                     ongoing regular
                                                                                                     contributions.

                                                                                                  o  Additional catch-up contri-
                                                                                                     butions of up to $1,000 per
                                                                                                     calendar year where the
                                                                                                     owner is at least age 50
                                                                                                     but under age 70-1/2 at any
                                                                                                     time during the calendar
                                                                                                     year for which the
                                                                                                     contribution is made.
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 27





- -----------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant    Minimum
 Contract type    issue ages*      contributions              Source of contributions            Limitations on contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                     
Flexible Premium   20 through 85   o  $2,000 (initial)        o  Regular after-tax               o  For annuitants up to age 83
Roth IRA                                                         contributions.                     at contract issue, no addi-
                                   o  $50 (additional)                                              tional contributions may be
                                                              o  Additional catch-up                made after the attainment
                                   o  $50 under our              contributions.                     of age 84, or, if later,
                                      automatic investment                                          the first contract date
                                      program (additional)    o  Rollovers from another Roth        anniversary.*
                                                                 IRA.
                                                                                                 o  For annuitants age 84 and
                                                              o  Rollovers from a "desig-           older at contract issue,
                                                                 nated Roth contribution            addi- tional contributions
                                                                 account" under a 401(k)            may be made up to one year
                                                                 plan or 403(b) arrange-            from contract issue.*
                                                                 ment.
                                                                                                 o  Regular Roth IRA contribu-
                                                              o  Conversion rollovers from a        tions may not exceed $4,000
                                                                 traditional IRA.                   for 2007 and $5,000 for
                                                                                                    2008.
                                                              o  Direct transfers from
                                                                 another Roth IRA.               o  Contributions are subject
                                                                                                    to income limits and other
                                                                                                    tax rules.

                                                                                                 o  Although we accept rollover
                                                                                                    and direct transfer
                                                                                                    contribu- tions under the
                                                                                                    Flexible Premium Roth IRA
                                                                                                    contract, we intend that
                                                                                                    this contract be used for
                                                                                                    ongoing regular Roth IRA
                                                                                                    contributions.

                                                                                                 o  Additional catch-up contri-
                                                                                                    butions of up to $1,000 per
                                                                                                    calendar year where the
                                                                                                    owner is at least age 50 at
                                                                                                    any time during the
                                                                                                    calendar year for which the
                                                                                                    contribution is made.
- -----------------------------------------------------------------------------------------------------------------------------------



28 Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant    Minimum
 Contract type    issue ages*      contributions              Source of contributions            Limitations on contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                     
Inherited IRA     0-70             o  $5,000 (initial)        o  Direct custodian-to-            o  Any additional
Beneficiary                                                      custodian transfers of your        contributions must be from
Continuation                       o  $1,000 (additional)        interest as a death benefi-        the same type of IRA of the
Contract (tradi-                                                 ciary of the deceased              same deceased owner.
tional IRA or                                                    owner's traditional indi-
Roth IRA)                                                        vidual retirement               o  Non-spousal beneficiary
                                                                 arrangement or Roth IRA to         direct rollover
                                                                 an IRA of the same type.           contributions from
                                                                                                    qualified plans, 403(b)
                                                                                                    arrangements and govern-
                                                                                                    mental employer 457(b)
                                                                                                    plans may be made to a
                                                                                                    traditional Inherited IRA
                                                                                                    contract under specified
                                                                                                    circumstances.
- -----------------------------------------------------------------------------------------------------------------------------------




+  Additional contributions may not be permitted under certain conditions in
   your state. If you purchase Guaranteed principal benefit option 2, no
   contributions are permitted after the six month period beginning on the
   contract date. Please see Appendix VIII later in the Prospectus to see if
   additional contributions are permitted in your state.

*  Please see Appendix IX for variations that may apply to your contract.


See "Tax information" later in this Prospectus for a more detailed discussion of
sources of contributions and certain contribution limitations. For information
on when contributions are credited under your contract see "Dates and prices at
which contract events occur" in "More information" later in this Prospectus.


                                               Contract features and benefits 29


OWNER AND ANNUITANT REQUIREMENTS


Under NQ contracts, the annuitant can be different from the owner. A joint owner
may also be named. Only natural persons can be joint owners. This means that an
entity such as a corporation cannot be a joint owner. In general, we will not
permit a contract to be owned by a minor unless it is pursuant to the Uniform
Gift to Minors Act or the Uniform Transfers to Minors Act in your state. If the
Spousal protection feature is available under your contract and is elected, the
spouses must be joint owners, one of the spouses must be the annuitant, and both
must be named as the only primary beneficiaries.

If you are purchasing this contract to fund a charitable remainder trust and
elect either the Guaranteed minimum income benefit ("GMIB") or an enhanced death
benefit, you should strongly consider "split-funding": that is, the trust holds
investments in addition to this Accumulator(R) contract. Charitable remainder
trusts are required to take specific distributions. The charitable remainder
trust annual withdrawal requirement may be equal to a percentage of the donated
amount or a percentage of the current value of the donated amount. If your
Accumulator(R) contract is the only source for such distributions, the payments
you need to take may significantly reduce the value of those guaranteed
benefits. Such amount may be greater than the annual increase in the GMIB and/or
the enhanced death benefit base. See the discussion of these benefits later in
this section.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract. See "Inherited IRA beneficiary
continuation contract" later in this section for Inherited IRA owner and
annuitant requirements.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II later in this
Prospectus for more information on QP contracts.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply contributions
made pursuant to a Section 1035 tax-free exchange or a direct transfer. We do
not accept third-party checks endorsed to us except for rollover contributions,
tax-free exchanges or trustee checks that involve no refund. All checks are
subject to our ability to collect the funds. We reserve the right to reject a
payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealers.
Additional contributions may also be made under our automatic investment
program. These methods of payment are discussed in detail in "More information"
later in this Prospectus.


- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year." The
end of each 12-month period is your "contract date anniversary." For example, if
your contract date is May 1, your contract date anniversary is April 30.
- --------------------------------------------------------------------------------


Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing or
unclear, we will hold the contribution, whether received via check or wire, in a
non-interest bearing suspense account while we try to obtain this information.
If we are unable to obtain all of the information we require within five
business days after we receive an incomplete application or form, we will inform
the financial professional submitting the application on your behalf. We will
then return the contribution to you unless you specifically direct us to keep
your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

You can choose from among the variable investment options, the guaranteed
interest option, the fixed maturity options and the account for special dollar
cost averaging.

VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.

30  Contract features and benefits


PORTFOLIOS OF THE TRUSTS


You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
contract. These portfolios may even have the same manager(s) and/or a similar
name. However, there are numerous factors that can contribute to differences in
performance between two investments, particularly over short periods of time.
Such factors include the timing of stock purchases and sales; differences in
fund cash flows; and specific strategies employed by the portfolio manager.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for inclusion
in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC, an
affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject to
conflicts of interest insofar as AXA Equitable may derive greater revenues from
the AXA Allocation Portfolios than certain other portfolios available to you
under your contract. In addition, the AXA Allocation Portfolios may enable AXA
Equitable to more efficiently manage AXA Equitable's financial risks associated
with certain guaranteed features including those optional benefits that restrict
allocations to the AXA Allocation Portfolios. Please see "Allocating your
contributions" in "Contract features and benefits" for more information about
your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the Trusts
and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                              Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)                Objective                                         as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                             
AXA AGGRESSIVE ALLOCATION        Seeks long-term capital appreciation.             o  AXA Equitable
- -----------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION      Seeks a high level of current income.             o  AXA Equitable
- -----------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS            Seeks current income and growth of capital,       o  AXA Equitable
 ALLOCATION                      with a greater emphasis on current income.
- -----------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION          Seeks long-term capital appreciation and          o  AXA Equitable
                                 current income.
- -----------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS                Seeks long-term capital appreciation and          o  AXA Equitable
 ALLOCATION                      current income, with a greater emphasis on
                                 capital appreciation.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE          Long-term growth of capital.                      o  AllianceBernstein L.P.
 EQUITY(1)
                                                                                   o  ClearBridge Advisors, LLC

                                                                                   o  Legg Mason Capital Management, Inc.

                                                                                   o  Marsico Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)        To seek a balance of a high current income        o  BlackRock Financial Management, Inc.
                                 and capital appreciation, consistent with a
                                 prudent level of risk.                            o  Pacific Investment Management Company LLC
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)      Long-term growth of capital.                      o  A I M Capital Management, Inc.

                                                                                   o  RCM Capital Management LLC

                                                                                   o  Wellington Management Company, LLP
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)       High total return through a combination of        o  Pacific Investment Management Company LLC
                                 current income and capital appreciation.
                                                                                   o  Post Advisory Group, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL       Long-term growth of capital.                      o  AllianceBernstein L.P.
 EQUITY(5)
                                                                                   o  JPMorgan Investment Management Inc.

                                                                                   o  Marsico Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 31





- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                               Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)              Objective                                            as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                              
MULTIMANAGER LARGE CAP         Long-term growth of capital.                         o AllianceBernstein L.P.
 CORE EQUITY(6)
                                                                                    o Janus Capital Management LLC

                                                                                    o Thornburg Investment Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                         o RCM Capital Management LLC
 GROWTH(7)
                                                                                    o TCW Investment Management Company

                                                                                    o T. Rowe Price Associates, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                         o AllianceBernstein L.P.
 VALUE(8)
                                                                                    o Institutional Capital LLC

                                                                                    o MFS Investment Management
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                         o AllianceBernstein L.P.
 GROWTH(9)
                                                                                    o Franklin Advisers, Inc.

                                                                                    o Provident Investment Counsel, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                         o AXA Rosenberg Investment Management LLC
 VALUE(10)
                                                                                    o TCW Investment Management Company

                                                                                    o Wellington Management Company, LLP
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                         o Firsthand Capital Management, Inc.

                                                                                    o RCM Capital Management LLC

                                                                                    o Wellington Management Company, LLP
- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                   Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)              Objective                                            as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.        o AllianceBernstein L.P.
 MON STOCK
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                o AllianceBernstein L.P.
 AND INCOME++
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent      o AllianceBernstein L.P.
 MEDIATE GOVERNMENT            with relative stability of principal.
 SECURITIES
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.        o AllianceBernstein L.P.
 NATIONAL
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.        o AllianceBernstein L.P.
 CAP GROWTH
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent      o AllianceBernstein L.P.
 BOND                          withmoderate risk to capital.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.        o AllianceBernstein L.P.
 CAP GROWTH
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                          o AllianceBernstein L.P.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                o Ariel Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         Seeks to increase value through bull markets and     o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY             bear markets using strategies that are designed
                               to limit exposure to general equity market risk.
- -----------------------------------------------------------------------------------------------------------------------------------



32 Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)             Objective                                                as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                 
EQ/BLACKROCK BASIC VALUE      Seeks capital appreciation and secondarily, income.      o  BlackRock Investment Management, LLC
 EQUITY(12)
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term growth     o  BlackRock Investment Management Interna-
 VALUE(13)                    of income, accompanied by growth of capital.                tional Limited
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve      o  Boston Advisors, LLC
 INCOME                       an above-average and consistent total return.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.                    o  Calvert Asset Management Company, Inc.
 RESPONSIBLE
                                                                                       o  Bridgeway Capital Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.                       o  Capital Guardian Trust Company
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.                  o  Capital Guardian Trust Company
 INTERNATIONAL+
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.            o  Capital Guardian Trust Company
 RESEARCH
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.            o  Capital Guardian Trust Company
 EQUITY++
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.                        o  Caywood-Scholl Capital Management
 YIELD BOND
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.                       o  Davis Selected Advisers, L.P.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates   o  AllianceBernstein L.P.
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk level
                              consistent with that of the S&P 500 Index.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.                 o  Evergreen Investment Management
 BOND                                                                                     Company, LLC

                                                                                       o  First International Fund Advisors (dba
                                                                                          "Evergreen International")
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.                          o  Evergreen Investment Management
                                                                                          Company, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.                       o  Fidelity Management & Research Company
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.                    o  Fidelity Management & Research Company
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects     o  Franklin Advisers, Inc.
                              for capital appreciation.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.                            o  Franklin Advisory Services, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily     o  AXA Equitable
 FOUNDING STRATEGY(**)        seeks income.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.                   o  GAMCO Asset Management Inc.
 ACQUISITIONS
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.                  o  GAMCO Asset Management Inc.
 VALUE
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.                   o  MFS Investment Management.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   Seeks long-term growth of capital.                        o  Janus Capital Management LLC
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 33





- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                          Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)              Objective                                                   as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                     
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent with        o  JPMorgan Investment Management Inc.
                               moderate risk to capital and maintenance of liquidity.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.                             o  JPMorgan Investment Management Inc.
 OPPORTUNITIES
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                          o  Legg Mason Capital Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation           o  BlackRock Financial Management, Inc.
                               through investment in long-maturity debt obligations.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without           o  Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with reason-      o  Lord, Abbett & Co. LLC
 CORE                          able risk.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                       o  Lord, Abbett & Co. LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                          o  Marsico Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.                  o  MFS Investment Management
 COMPANIES+
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary          o  MFS Investment Management
                               objective to seek reasonable current income. For purposes
                               of this Portfolio, the words "reasonable current income"
                               mean moderate income.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve    o  The Dreyfus Corporation
                               its assets and maintain liquidity.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.                      o  Montag & Caldwell, Inc.
 GROWTH
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally be       o  Franklin Mutual Advisers, LLC
                               short-term, and secondarily, income.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.                                 o  OppenheimerFunds, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.                       o  OppenheimerFunds, Inc.
 OPPORTUNITY
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.                                 o  OppenheimerFunds, Inc.
 SMALL CAP
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation      o  Pacific Investment Management
                               of real capital and prudent investment management.             Company, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of principal.  o  BlackRock Financial Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.                                 o  Lazard Asset Management LLC

                                                                                           o  Franklin Advisory Services, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.                      o  Bear Stearns Asset Management Inc.

                                                                                           o  Eagle Asset Management, Inc.

                                                                                           o  Wells Capital Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the       o  AllianceBernstein L.P.
                               deduction of portfolio expenses) the total return of
                               the Russell 2000 Index.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.            o  TCW Investment Management Company
- -----------------------------------------------------------------------------------------------------------------------------------



34 Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)                Objective                                                as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/TEMPLETON GROWTH              Seeks long-term capital growth.                          o  Templeton Global Advisors Limited
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return through capital            o  UBS Global Asset Management
                                 appreciation with income as a secondary consideration.      (Americas) Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.                               o  Morgan Stanley Investment
                                                                                             Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING           Seeks long-term capital appreciation.                    o  Morgan Stanley Investment
 MARKETS EQUITY                                                                              Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.                                          o  Morgan Stanley Investment
 GROWTH                                                                                      Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.                    o  Wells Capital Management Inc.
 SMALL CAP++
- -----------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                   Objective                                                Investment Manager
- -----------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income and        o  Van Kampen (is the name under which
                                 long-term capital appreciation by investing primarily       Morgan Stanley Investment Management
                                 in equity securities of companies in the U.S. real          Inc. does business in certain
                                 estate industry, including real estate investment           situations)
                                 trusts.
- -----------------------------------------------------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.





     --------------------------------------------
     FN     Portfolio Name until May 29, 2007
     --------------------------------------------
         
     (1)    AXA Premier VIP Aggressive Equity
     --------------------------------------------
     (2)    AXA Premier VIP Core Bond
     --------------------------------------------
     (3)    AXA Premier VIP Health Care
     --------------------------------------------
     (4)    AXA Premier VIP High Yield
     --------------------------------------------
     (5)    AXA Premier VIP International Equity
     --------------------------------------------
     (6)    AXA Premier VIP Large Cap Core Equity
     --------------------------------------------
     (7)    AXA Premier VIP Large Cap Growth
     --------------------------------------------
     (8)    AXA Premier VIP Large Cap Value
     --------------------------------------------
     (9)    AXA Premier VIP Mid Cap Growth
     --------------------------------------------
     (10)   AXA Premier VIP Mid Cap Value
     --------------------------------------------
     (11)   AXA Premier VIP Technology
     --------------------------------------------
     (12)   EQ/Mercury Basic Value Equity
     --------------------------------------------
     (13)   EQ/Mercury International Value
     --------------------------------------------




**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

You should consider the investment objective, risks, and charges and expenses of
the Portfolios carefully before investing. The prospectuses for the Portfolios
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may call
one of our customer service representatives at 1-800-789-7771.


                                               Contract features and benefits 35


GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest option.

We credit interest daily to amounts in the guaranteed interest option. There are
three levels of interest in effect at the same time in the guaranteed interest
option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures. All
interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges and any optional benefit charges.
See Appendix VIII later in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum rate
ranges from 1% to 3%. The data page for your contract shows the lifetime minimum
rate. Check with your financial professional as to which rate applies in your
state. The minimum yearly rate will never be less than the lifetime minimum
rate. The minimum yearly rate for 2007 is 3%. Current interest rates will never
be less than the yearly guaranteed interest rate.


See "Transferring your money among the investment options" later in this
Prospectus for restrictions on transfers from the guaranteed interest option.

FIXED MATURITY OPTIONS


We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if, on the date
the contribution or transfer is to be applied, the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VIII later in this Prospectus to see
if fixed maturity options are available in your state.


- --------------------------------------------------------------------------------
Fixed maturity options generally range from one to ten years to maturity.
- --------------------------------------------------------------------------------

Under the Special 10 year fixed maturity option (which is available only under
contracts that offer GPB Option 2), additional contributions will have the same
maturity date as your initial contribution (see "The guaranteed principal
benefits" below). The rate to maturity you will receive for each additional
contribution is the rate to maturity in effect for new contributions allocated
to that fixed maturity option on the date we apply your contribution.


On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for annuitant ages 76 and older. See "Allocating your
contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) contract, a 60-day rate lock-in will apply from the date
the application is signed. Any contributions received and designated for a fixed
maturity option during this period will receive the then current fixed maturity
option rate or the rate that was in effect on the date that the application was
signed, whichever is greater. There is no rate lock available for subsequent
contributions to the contract after 60 days, transfers from any of the variable
investment options or the guaranteed interest option into a fixed maturity
option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that time,
you may choose to have one of the following take place on the maturity date, as
long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a) transfer the maturity value into another available fixed maturity option,
    any of the variable investment options or the guaranteed interest option; or

(b) withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available, we will transfer your maturity value to the
EQ/Money Market option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract, or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a fixed
maturity option are used to purchase any annuity payment option prior to the
maturity date and may apply on payment of a death benefit. The market value


36  Contract features and benefits



adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for withdrawal charges) of a portion of the amount in the
fixed maturity option will be a percentage of the market value adjustment that
would apply if you were to withdraw the entire amount in that fixed maturity
option. The market value adjustment applies to the amount remaining in a fixed
maturity option and does not reduce the actual amount of a withdrawal. The
amount applied to an annuity payout option will reflect the application of any
applicable market value adjustment (either positive or negative). We only apply
a positive market value adjustment to the amount in the fixed maturity option
when calculating any death benefit proceeds under your contract. The amount of
the adjustment will depend on two factors:


(a) the difference between the rate to maturity that applies to the amount being
    withdrawn and the rate we have in effect at that time for new fixed maturity
    options (adjusted to reflect a similar maturity date), and

(b) the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the fixed
maturity option's maturity date. Therefore, it is possible that the market value
adjustment could greatly reduce your value in the fixed maturity options,
particularly in the fixed maturity options with later maturity dates.


We provide an illustration of the market adjusted amounts of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

The account for special dollar cost averaging is part of our general account. We
pay interest at guaranteed rates in this account. We will credit interest to the
amounts that you have in the account for special dollar cost averaging every
day. We set the interest rates periodically, according to procedures that we
have. We reserve the right to change these procedures.

We guarantee to pay our current interest rate that is in effect on the date that
your contribution is allocated to this account. Your guaranteed interest rate
for the time period you select will be shown in your contract for an initial
contribution. The rate will never be less than the lifetime minimum rate for the
guaranteed interest option. See "Allocating your contributions" below for rules
and restrictions that apply to the special dollar cost averaging program.

ALLOCATING YOUR CONTRIBUTIONS

You may choose from among three ways to allocate your contributions under your
contract: self-directed, the guaranteed principal benefits or dollar cost
averaging. Subsequent contributions are allocated according to instructions on
file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an investment
advisory account, and AXA Equitable is not providing any investment advice or
managing the allocations under your contract. In the absence of a specific
written arrangement to the contrary, you, as the owner of the contract, have the
sole authority to make investment allocations and other decisions under the
contract. If your financial professional is with AXA Advisors, he or she is
acting as a broker-dealer registered representative, and is not authorized to
act as an investment advisor or to manage the allocations under your contract.
If your financial professional is a registered representative with a
broker-dealer other than AXA Advisors, you should speak with him/her regarding
any different arrangements that may apply.


SELF-DIRECTED ALLOCATION


You may allocate your contributions to one or more, or all, of the variable
investment options, the guaranteed interest option (subject to restrictions in
certain states-See Appendix VIII later in this Prospectus for state variations)
and fixed maturity options. Allocations must be in whole percentages and you may
change your allocations at any time. The total of your allocations into all
available investment options must equal 100%. If the annuitant is age 76-80, you
may allocate contributions to fixed maturity options with maturities of seven
years or less. If the annuitant is age 81 or older, you may allocate
contributions to fixed maturity options with maturities of five years or less.
Also, you may not allocate amounts to fixed maturity options with maturity dates
that are later than the date annuity payments are to begin.

THE GUARANTEED PRINCIPAL BENEFITS (INCLUDING PRINCIPAL ASSURANCE)

We offer a guaranteed principal benefit ("GPB") with two options. See Appendix
VIII later in this Prospectus for more information on state availability and
Appendix IX for contract variation and/or availability of these benefits. You
may only elect one of the GPBs. Neither GPB is available under Inherited IRA
contracts. We will not offer either GPB when the rate to maturity for the
applicable fixed maturity option is 3%. Both GPB options allow you to allocate a
portion of your total contributions to the variable investment options, while
ensuring that your account value will at least equal your contributions adjusted
for withdrawals and transfers on a specified date. GPB Option 2 generally
provides you with the ability to allocate more of your contributions to the
variable investment options than could be allocated using GPB Option 1 (also
known as Principal assurance) If you elect either GPB, you may not elect the
Guaranteed minimum income benefit, Principal Protector(SM), the systematic
withdrawals option or the substantially equal withdrawals option. However,
certain existing contract owners who elected GPB are not subject to these
restrictions. See Appendix IX for information on what applies under your
contract.


You may elect GPB Option 1 only if the annuitant is age 80 or younger when the
contract is issued (after age 75, only the 7-year fixed maturity option is
available). You may elect GPB Option 2 only if the annuitant is age 75 or
younger when the contract is issued. GPB Option 2 is not available for purchase
with any Flexible Premium IRA contract whether traditional or Roth. If you are
purchasing an IRA, QP

                                              Contract features and benefits  37


or Rollover TSA contract, before you either purchase GPB Option 2 or elect GPB
Option 1 with a maturity year that would extend beyond the year in which you
will reach age 70-1/2, you should consider whether your value in the variable
investment options, guaranteed interest option and permissible funds outside
this contract are sufficient to meet your required minimum distributions. See
"Tax information" later in this Prospectus. If you elect GPB Option 2 and change
ownership of the contract, GPB Option 2 will automatically terminate, except
under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information" later in this Prospectus
for more information.


GUARANTEED PRINCIPAL BENEFIT OPTION 1 (UNDER CERTAIN CONTRACTS, THIS FEATURE IS
CALLED "PRINCIPAL ASSURANCE"). Under GPB Option 1, you select a fixed maturity
option at the time you sign your application. We specify the portion of your
initial contribution to be allocated to that fixed maturity option in an amount
that will cause the maturity value to equal the amount of your entire initial
contribution on the fixed maturity option's maturity date. The percentage of
your contribution allocated to the fixed maturity option will be calculated
based upon the rate to maturity then in effect for the fixed maturity option you
choose. Your contract will contain information on the amount of your
contribution allocated to the fixed maturity option. The maturity date you
select generally may not be later than 10 years, or earlier than 7 years from
your contract date. If you make any withdrawals or transfers from the fixed
maturity option before the option's maturity date, the amount in the fixed
maturity option will be adjusted and may no longer grow to equal your initial
contribution under GPB Option 1. You may allocate the remainder of your initial
contribution to the investment options and guaranteed interest option however
you choose (unless you elect a dollar cost averaging program, in which case the
remainder of your initial contribution must be allocated to the dollar cost
averaging program). Upon the maturity date of the fixed maturity option, you
will be provided with the same notice and the same choices with respect to the
maturity value as described above under "Your choices at the maturity date."
There is no charge for GPB Option 1.

GUARANTEED PRINCIPAL BENEFIT OPTION 2. You may purchase GPB Option 2 at the time
you apply for your contract. IF YOU PURCHASE GPB OPTION 2, YOU MAY NOT MAKE
ADDITIONAL CONTRIBUTIONS TO YOUR CONTRACT AFTER SIX MONTHS FROM THE CONTRACT
ISSUE DATE OR AT ANY EARLIER TIME IF AT SUCH TIME THE THEN APPLICABLE RATE TO
MATURITY ON THE SPECIAL 10 YEAR FIXED MATURITY OPTION IS 3%. Therefore, any
discussion in this Prospectus that involves any additional contributions after
the first six months will be inapplicable. This feature is not available under
all contracts.


We specify the portion of your initial contribution, and any additional
permitted contributions, to be allocated to a Special 10 year fixed maturity
option. Your contract will contain information on the percentage of applicable
contributions allocated to the Special 10 year fixed maturity option. You may
allocate the rest of your contributions among the investment options (other than
the Special 10 year fixed maturity option) however you choose, as permitted
under your contract (unless you elect a dollar cost averaging program, in which
case all contributions, other than amounts allocated to the Special 10 year
fixed maturity option, must be allocated to the dollar cost averaging program).
The Special 10 year fixed maturity option will earn interest at the specified
rate to maturity then in effect.

If on the 10th contract date anniversary, your annuity account value is less
than the amount that is guaranteed under GPB Option 2, we will increase your
annuity account value to be equal to the guaranteed amount under GPB Option 2.
Any such additional amounts added to your annuity account value will be
allocated to the EQ/Money Market investment option. After the maturity date of
the Special 10 year fixed maturity option, the guarantee under GPB Option 2 will
terminate. Upon the maturity date of the Special 10 year fixed maturity option,
you will be provided with the same notice and the same choices with respect to
the maturity value as described above under "Your choices at the maturity date."
The guaranteed amount under GPB Option 2 is equal to your initial contribution
adjusted for any additional permitted contributions, transfers out of the
Special 10 year fixed maturity option and withdrawals from the contract (see
"How withdrawals (and transfers out of the Special 10 year fixed maturity
option) affect your Guaranteed minimum income benefit, Guaranteed minimum death
benefit and Guaranteed principal benefit option 2" in "Accessing your money"
later in this Prospectus). Any transfers or withdrawals from the Special 10 year
fixed maturity option will also be subject to a market value adjustment (see
"Market value adjustment" under "Fixed maturity options" above in this section).

Once you purchase the Guaranteed principal benefit option 2, you may not
voluntarily terminate this benefit. GPB Option 2 will terminate if the contract
terminates before the maturity date of the Special 10 year fixed maturity
option. If the owner and the annuitant are different people and the owner dies
before the maturity date of the Special 10 year fixed maturity option, we will
continue GPB Option 2 only if the contract can continue through the maturity
date of the Special 10 year fixed maturity option. If the contract cannot so
continue, we will terminate GPB Option 2. GPB Option 2 will continue where there
is a successor owner/annuitant. GPB Option 2 will terminate upon the exercise of
the beneficiary continuation option. See "Payment of death benefit" later in
this Prospectus for more information about the continuation of the contract
after the death of the owner and/or the annuitant.

There is a fee associated with GPB Option 2 (see "Charges and expenses" later in
this Prospectus). You should note that the purchase of GPB Option 2 is not
appropriate if you want to make additional contributions to your contract beyond
the first six months after your contract is issued. If you later decide that you
would like to make additional contributions to the Accumulator(R) contract, we
may permit you to purchase another contract. If we do, however, you should note
that we do not reduce or waive any of the charges on the new contract, nor do we
guarantee that the features available under this contract will be available
under the new contract. This means that you might end up paying more with
respect to certain charges than if you had simply purchased a single contract
(for example, the administrative charge).

The purchase of GPB Option 2 is also not appropriate if you plan on terminating
your contract before the maturity date of the Special 10 year fixed maturity
option. In addition, because we prohibit contribu-

38  Contract features and benefits


tions to your contract after the first six months, certain contract benefits
that are dependent upon contributions or account value will be limited (for
example the guaranteed death benefits and Protection Plus(SM)). You should also
note that if you intend to allocate a large percentage of your contributions to
the guaranteed interest option or other fixed maturity options, the purchase of
GPB Option 2 may not be appropriate because of the guarantees already provided
by these options. An example of the effect of GPB Option 1 and GPB Option 2 on
your annuity contract is included in Appendix VI later in this Prospectus.

DOLLAR COST AVERAGING

We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

SPECIAL DOLLAR COST AVERAGING PROGRAM. Under the special dollar cost averaging
program, you may choose to allocate all or a portion of any eligible
contribution to the account for special dollar cost averaging. Contributions
into the account for special dollar cost averaging may not be transfers from
other investment options. Your initial allocation to any special dollar cost
averaging program time period must be at least $2,000 and any subsequent
contribution to that same time period must be at least $250. You may only have
one time period in effect at any time and once you select a time period, you may
not change it. In Pennsylvania, we refer to this program as "enhanced rate
dollar cost averaging." If you elect Principal Protector(SM), you may not
participate in the special dollar cost averaging program.

You may have your account value transferred to any of the variable investment
options. We will transfer amounts from the account for special dollar cost
averaging into the variable investment options over an available time period
that you select. We offer time periods of 3, 6 or 12 months, during which you
will receive an enhanced interest rate. We may also offer other time periods.
Your financial professional can provide information on the time periods and
interest rates currently available in your state, or you may contact our
processing office. If the special dollar cost averaging program is selected at
the time of application to purchase the Accumulator(R) contract, a 60 day rate
lock will apply from the date of application. Any contribution(s) received
during this 60 day period will be credited with the interest rate offered on the
date of application for the remainder of the time period selected at
application. Any contribution(s) received after the 60 day rate lock period has
ended will be credited with the then current interest rate for the remainder of
the time period selected at application. Contribution(s) made to a special
dollar cost averaging program selected after the Accumulator(R) contract has
been issued will be credited with the then current interest rate on the date the
contribution is received by AXA Equitable for the time period initially selected
by you. Once the time period you selected has run, you may then select another
time period for future contributions. At that time, you may also select a
different allocation for transfers to the variable investment options, or, if
you wish, we will continue to use the selection that you have previously made.
Currently, your account value will be transferred from the account for special
dollar cost averaging into the variable investment options on a monthly basis.
We may offer this program in the future with transfers on a different basis.

We will transfer all amounts out of the account for special dollar cost
averaging by the end of the chosen time period. The transfer date will be the
same day of the month as the contract date, but not later than the 28th day of
the month. For a special dollar cost averaging program selected after
application, the first transfer date and each subsequent transfer date for the
time period selected will be one month from the date the first contribution is
made into the special dollar cost averaging program, but not later than the 28th
day of the month.

If you choose to allocate only a portion of an eligible contribution to the
account for special dollar cost averaging, the remaining balance of that
contribution will be allocated to the variable investment options, guaranteed
interest option or fixed maturity options according to your instructions.

The only transfers that will be made from the account for special dollar cost
averaging are your regularly scheduled transfers to the variable investment
options. No amounts may be transferred from the account for special dollar cost
averaging to the guaranteed interest option or the fixed maturity options. If
you request to transfer or withdraw any other amounts from the account for
special dollar averaging, we will transfer all of the value that you have
remaining in the account for special dollar cost averaging to the investment
options according to the allocation percentages for special dollar cost
averaging we have on file for you. You may ask us to cancel your participation
at any time.


GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.


If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

INVESTMENT SIMPLIFIER

Fixed-dollar option. Under this option you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Transfers may

                                              Contract features and benefits  39


be made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.

In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. Unlike the account for special dollar cost averaging,
this option does not offer enhanced rates. Also, the option is subject to the
guaranteed interest option transfer limitations described under "Transferring
your account value" in "Transferring your money among investment options" later
in this Prospectus. While the program is running, any transfer that exceeds
those limitations will cause the program to end for that contract year. You will
be notified. You must send in a request form to resume the program in the next
or subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.


Interest sweep option. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. The transfer date will be the last business
day of the month. The amount we will transfer will be the interest credited to
amounts you have in the guaranteed interest option from the last business day of
the prior month to the last business day of the current month. You must have at
least $7,500 in the guaranteed interest option on the date we receive your
election. On the last day of each month, we check to see whether you have at
least $7,500 in the guaranteed interest option. We will automatically cancel the
interest sweep program if the amount in the guaranteed interest option is less
than $7,500 on the last day of the month for two months in a row. For the
interest sweep option, the first monthly transfer will occur on the last
business day of the month following the month that we receive your election form
at our processing office.

                       ----------------------------------

You may not currently participate in any dollar cost averaging program if you
are participating in the Option II rebalancing program. If you elect a GPB and a
dollar cost averaging program, 100% of your contributions not allocated to the
fixed maturity option under the GPB must be allocated to the dollar cost
averaging program you elect. You may only participate in one dollar cost
averaging program at a time. See "Transferring your money among investment
options" later in this Prospectus. Also, for information on how the dollar cost
averaging program you select may affect certain guaranteed benefits see
"Guaranteed minimum death benefit and Guaranteed minimum income benefit base"
immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in every state. See Appendix VIII later in this
Prospectus for more information on state availability.

GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit (known as the "Living Benefit"
under certain existing contracts) and the death benefits, as described in this
section. The benefit base for the Guaranteed minimum income benefit and an
enhanced death benefit will be calculated as described below in this section
whether these options are elected individually or in combination. Your benefit
base is not an account value or a cash value. See also "Guaranteed minimum
income benefit option" and "Guaranteed minimum death benefit" below.

STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals (and transfers out of the Special 10 year fixed maturity option)
   affect your Guaranteed minimum income benefit, Guaranteed minimum death
   benefit and Guaranteed principal benefit option 2" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

6% (OR 5%) ROLL-UP TO AGE 85 (USED FOR THE 6% ROLL-UP TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% (OR 5%) ROLL-UP TO AGE 85 ENHANCED DEATH BENEFIT
OR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED
MINIMUM INCOME BENEFIT). Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals (and transfers out of the Special 10 year fixed maturity option)
   affect your Guaranteed minimum income benefit, Guaranteed minimum death
   benefit and Guaranteed principal benefit option 2" in "Accessing your money"
   and the section entitled "Charges and expenses" later in this Prospectus. The
   amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.

The effective annual roll-up rate credited to the benefit base is:

o  6% (or 5%) with respect to the variable investment options (other than
   EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market and
   EQ/Short Duration Bond), and the account for special dollar cost averaging;
   the effective annual rate is 4% in Washington. Please see Appendix VIII later
   in this Prospectus to see what roll-up rate applies in your state or Appendix
   IX for what applies to your contract; and


40  Contract features and benefits



o  3% with respect to the EQ/AllianceBernstein Intermediate Government
   Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed maturity
   options, the Special 10 year fixed maturity option, the guaranteed interest
   option and the loan reserve account under Rollover TSA (if applicable).

The benefit base stops rolling up after the contract date anniversary following
the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% (OR 5%) ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO
AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT).
Your benefit base is equal to the greater of either:

o  your initial contribution to the contract (plus any additional
   contributions),

                                       or

o  your highest account value on any contract date anniversary up to the
   contract date anniversary following the annuitant's 85th birthday, plus any
   contributions made since the most recent Annual Ratchet

                                      less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of the deduction is described under "How
   withdrawals (and transfers out of the Special 10 year fixed maturity option)
   affect your Guaranteed minimum income benefit, Guaranteed minimum death
   benefit and Guaranteed principal benefit option 2" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

GREATER OF 6% (OR 5%) ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85 ENHANCED
DEATH BENEFIT AND THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is
equal to the greater of the benefit base computed for the 6% (or 5%) Roll-Up to
age 85 or the benefit base computed for the Annual Ratchet to age 85, as
described immediately above, on each contract date anniversary. For the
Guaranteed minimum income benefit, the benefit base is reduced by any applicable
withdrawal charge remaining when the option is exercised. For more information,
see "Withdrawal charge" in "Charges and expenses" later in the Prospectus.


GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET. If both the Guaranteed minimum income benefit AND the
Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
death benefit (the "Greater of enhanced death benefit") are elected, you may
reset the Roll-Up benefit base for these guaranteed benefits to equal the
account value as of the 5th or later contract date anniversary. The reset amount
would equal the account value as of the contract date anniversary on which you
reset your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.

We will send you a notice in each year that the Roll-Up benefit base is eligible
to be reset, and you will have 30 days from your contract date anniversary to
reset your Roll-Up benefit base. Each time you reset the Roll-Up benefit base,
your Roll-Up benefit will not be eligible for another reset for five years. If
after your death your spouse continues this contract as Successor
owner/annuitant, the benefit base will be eligible to be reset either five years
from the contract date or from the last reset date, if applicable. The last age
at which the benefit base is eligible to be reset is annuitant age 75.


It is important to note that once you have reset your Roll-Up benefit base a new
waiting period to exercise the Guaranteed minimum income benefit will apply from
the date of reset; you may not exercise until the tenth contract date
anniversary following the reset or, if later, the earliest date you would have
been permitted to exercise without regard to the reset. See "Exercise rules"
under "Guaranteed minimum income benefit option" below for more information.
Please note that in almost all cases, resetting your Roll-Up benefit base will
lengthen the exercise waiting period. Also, even when there is no additional
charge when you reset your Roll-Up benefit base, the total dollar amount charged
on future contract date anniversaries may increase as a result of the reset
since the charges may be applied to a higher benefit base than would have been
otherwise applied. See "Charges and expenses" in the Prospectus.

The Roll-Up benefit base for both the Greater of enhanced death benefit and the
Guaranteed minimum income benefit are reset simultaneously when you request a
Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


For information about whether the Guaranteed death benefit/Guaranteed minimum
income benefit roll-up benefit base reset is available under your contract,
please see Appendix IX later in this Prospectus. The availability of the
Guaranteed minimum death benefit/ guaranteed minimum income benefit roll-up
benefit base reset is also subject to state approval. Please contact your
financial professional for more information about availability in your state.

ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout options.
The Guaranteed minimum income benefit is discussed under "Guaranteed minimum
income benefit option" below and annuity payout options are discussed under
"Your annuity payout options" in "Accessing your money" later in this
Prospectus. Your contract specifies different guaranteed annuity purchase
factors for the Guaranteed minimum income benefit and the annuity payout
options. We may provide more favorable current annuity purchase factors for the
annuity payout options. Annuity purchase factors are based on interest rates,
mortality tables, frequency of payments, the form of annuity benefit, and the
annuitant's (and any joint annuitant's) age and sex in certain instances.

GUARANTEED MINIMUM INCOME BENEFIT OPTION


(DEPENDING ON WHEN YOU PURCHASED YOUR CONTRACT, THIS BENEFIT MAY BE CALLED THE
"LIVING BENEFIT." SEE APPENDIX IX LATER IN THIS PROSPECTUS FOR MORE
INFORMATION.)


The Guaranteed minimum income benefit is available if the annuitant is age 20
through 75 at the time the contract is issued. There is an

                                              Contract features and benefits  41


additional charge for the Guaranteed minimum income benefit which is described
under "Guaranteed minimum income benefit charge" in "Charges and expenses" later
in this Prospectus. Once you purchase the Guaranteed minimum income benefit, you
may not voluntarily terminate this benefit.


If you are purchasing this contract as an Inherited IRA or if you elect a GPB
option or Principal Protector(SM), the Guaranteed minimum income benefit is not
available. If you are an existing contract owner, the Guaranteed minimum income
benefit may have been available with Principal assurance. See Appendix IX later
in this Prospectus for more information.

If you are purchasing this contract to fund a charitable remainder trust, you
will have to take certain distribution amounts. You should consider
split-funding so that those distributions do not adversely impact your
guaranteed minimum income benefit. See "Owner and annuitant requirements"
earlier in this section. If the annuitant was older than age 60 at the time an
IRA, QP or Rollover TSA contract was issued, the Guaranteed minimum income
benefit may not be an appropriate feature because the minimum distributions
required by tax law generally must begin before the Guaranteed minimum income
benefit can be exercised. If the owner and annuitant are different in an NQ
contract, there may be circumstances where the benefit may not be exercisable
after an owner's death.

Depending on when you purchased your contract, if you elect the Guaranteed
minimum income benefit option and change ownership of the contract, this benefit
will automatically terminate, except under certain circumstances. See "Transfers
of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information. Please see Appendix
IX later in this Prospectus.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. If you are an existing contract owner, your
options may be different. See Appendix IX for more information. You choose which
of these payout options you want and whether you want the option to be paid on a
single or joint life basis at the time you exercise your Guaranteed minimum
income benefit. The maximum period certain available under the life with a
period certain payout option is 10 years. This period may be shorter, depending
on the annuitant's age, as follows:




- ---------------------------------------------
             Level payments
- ---------------------------------------------
                      Period certain years
    Annuitant's     -------------------------
  age at exercise     IRAs              NQ
- ---------------------------------------------
                                 
  75 and younger       10               10
        76              9               10
        77              8               10
        78              7               10
        79              7               10
        80              7               10
        81              7                9
        82              7                8
        83              7                7
        84              6                6
        85              5                5
- ---------------------------------------------


We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
It provides income protection if you elect an income payout while the annuitant
is alive.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base, less any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of Guaranteed
minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit you should consider the
fact that it provides a form of insurance and is based on conservative actuarial
factors. The guaranteed annuity purchase factors we use to determine your payout
annuity benefit under the Guaranteed minimum income benefit are more
conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic payment
under our standard payout annuity options. Therefore, even if your account value
is less than your benefit base, you may generate more income by applying your
account value to current annuity purchase factors. We will make this comparison
for you when the need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE". Subject to availability,
in general, if your account value falls to zero (except, as discussed below, if
your account value falls to zero due to a withdrawal that causes your total
contract year withdrawals to exceed 6% of the Roll-Up benefit base as of the
beginning of the con-


42  Contract features and benefits



tract year), the Guaranteed minimum income benefit will be exercised
automatically, based on the annuitant's current age and benefit base, as
follows:


o  You will be issued a supplementary contract based on a single life with a
   maximum 10 year period certain. Payments will be made annually starting one
   year from the date the account value fell to zero.

o  You will have 30 days from when we notify you to change the payout option
   and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o  If your account value falls to zero due to a withdrawal that causes your
   total contract year withdrawals to exceed 6% of the Roll-Up benefit base (as
   of the beginning of the contract year);

o  If your aggregate withdrawals during any contract year exceed 6% of the
   Roll-Up benefit base (as of the beginning of the contract year);


o  On the contract date anniversary following the annuitant's 85th birthday.

For information about whether the Guaranteed minimum income benefit no lapse
guarantee is available under your contract, please see Appendix IX later in this
Prospectus. The availability of the Guaranteed minimum income benefit no lapse
guarantee is dependent on when, and in what state, you purchased your contract.
Please see Appendices VIII and IX, later in this Prospectus.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male annuitant age
60 (at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals, or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options (including the Special 10 year fixed maturity option, if
available) or the loan reserve account under Rollover TSA contracts.




                             Guaranteed minimum
      Contract date        income benefit -- annual
 anniversary at exercise   income payable for life
                               
            10                    $11,891
            15                    $18,597


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date anniversary
that you are eligible to exercise the Guaranteed minimum income benefit, we will
send you an eligibility notice illustrating how much income could be provided as
of the contract date anniversary. You must notify us within 30 days following
the contract date anniversary if you want to exercise the Guaranteed minimum
income benefit. You must return your contract to us, along with all required
information within 30 days following your contract date anniversary, in order to
exercise this benefit. You will begin receiving annual payments one year after
the annuity payout contract is issued. If you choose monthly or quarterly
payments, you will receive your payment one month or one quarter after the
annuity payout contract is issued. You may choose to take a withdrawal prior to
exercising the Guaranteed minimum income benefit, which will reduce your
payments. You may not partially exercise this benefit. See "Accessing your
money" under "Withdrawing your account value" later in this Prospectus. Payments
end with the last payment before the annuitant's (or joint annuitant's, if
applicable) death or, if later, the end of the period certain (where the payout
option chosen includes a period certain).

EXERCISE RULES. You will be eligible to exercise the Guaranteed minimum income
benefit during your life and the annuitant's life, as follows:


o  If the annuitant was at least age 20 and not older than age 44 when the
   contract was issued, you are eligible to exercise the Guaranteed minimum
   income benefit within 30 days following each contract date anniversary
   beginning with the 15th contract date anniversary.

o  If the annuitant was at least age 45 and not older than age 49 when the
   contract was issued, you are eligible to exercise the Guaranteed minimum
   income benefit within 30 days following each contract date anniversary after
   the annuitant is age 60.


o  If the annuitant was at least age 50 and no older than age 75 when the
   contract was issued, you are eligible to exercise the Guaranteed minimum
   income benefit within 30 days following each contract date anniversary
   beginning with the 10th contract date anniversary.

Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit is
      within 30 days following the contract date anniversary following the
      annuitant's 85th birthday;


(ii)  if the annuitant was age 75 when the contract was issued or the Roll-Up
      benefit base was reset, if applicable, the only time you may exercise the
      Guaranteed minimum income benefit is within 30 days following the contract
      date anniversary following the annuitant's attainment of age 85.

(iii) for Accumulator(R) QP contracts, the Plan participant can exercise the
      Guaranteed minimum income benefit only if he or she elects to take a
      distribution from the Plan and, in connection with this distribution, the
      Plan's trustee changes the ownership of the contract to the participant.
      This effects a rollover of the Accumulator(R) QP contract into an
      Accumulator(R) Rollover IRA. This process must be completed within the
      30-day timeframe following the contract date anniversary in order for the
      Plan participant to be eligible to exercise. However, if the Guaranteed
      minimum income benefit is automatically exercised as a result of the no
      lapse guarantee (if available), a rollover into an IRA will not be
      effected and payments will be made directly to the trustee;


(iv)  for Accumulator(R) Rollover TSA contracts, you may exercise the

                                              Contract features and benefits  43




      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Rollover IRA. This may only occur when you
      are eligible for a distribution from the TSA. This process must be
      completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise;


(v)   if you reset the Roll-Up benefit base (if available and as described
      earlier in this section), your new exercise date will be the tenth
      contract date anniversary following the reset or, if later, the earliest
      date you would have been permitted to exercise without regard to the
      reset. Please note that in almost all cases, resetting your Roll-Up
      benefit base will lengthen the waiting period;

(vi)  a successor owner/annuitant may only continue the Guaranteed minimum
      income benefit if the contract is not past the last date on which the
      original annuitant could have exercised the benefit. In addition, the
      successor owner/annuitant must be eligible to continue the benefit and to
      exercise the benefit under the applicable exercise rule (described in the
      above bullets) using the following additional rules. The successor
      owner/annuitant's age on the date of the annuitant's death replaces the
      annuitant's age at issue for purposes of determining the availability of
      the benefit and which of the exercise rules applies. The original contract
      issue date will continue to apply for purposes of the exercise rules. If
      Spousal Protection is available under your contract and is elected, and
      the spouse who is the annuitant dies, the above rules apply if the
      contract is continued by the surviving spouse as the successor
      owner/annuitant; and


(vii) if you are the owner but not the annuitant and you die prior to exercise,
      then the following applies:


      o   A successor owner who is not the annuitant may not be able to
          exercise the guaranteed minimum income benefit without causing a tax
          problem. You should consider naming the annuitant as successor
          owner, or if you do not name a successor owner, as the sole primary
          beneficiary. You should carefully review your successor owner and/or
          beneficiary designations at least one year prior to the first
          contract date anniversary on which you could exercise the benefit.

      o   If the successor owner is the annuitant, the guaranteed minimum
          income benefit continues only if the benefit could be exercised
          under the rules described above on a contract date anniversary that
          is within one year following the owner's death. This would be the
          only opportunity for the successor owner to exercise. If the
          guaranteed minimum income benefit cannot be exercised within this
          timeframe, the benefit will terminate and the charge for it will no
          longer apply as of the date we receive proof of your death and any
          required information.

      o   If you designate your surviving spouse as successor owner, the
          guaranteed minimum income benefit continues and your surviving
          spouse may exercise the benefit according to the rules described
          above, even if your spouse is not the annuitant and even if the
          benefit is exercised more than one year after your death. If your
          surviving spouse dies prior to exercise, the rule described in the
          previous bullet applies.


      o   A successor owner or beneficiary that is a trust or other non-
          natural person may not exercise the benefit; in this case, the
          benefit will terminate and the charge for it will no longer apply as
          of the date we receive proof of your death and any required
          information.

See "When an NQ contract owner dies before the annuitant" under "Payment of
death benefit" later in this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals (and transfers out of the Special 10 year fixed
maturity option) affect your Guaranteed minimum income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" and the section entitled "Charges and expenses" later in this
Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms necessary
to effect payment, OR the standard death benefit, whichever provides the higher
amount. The standard death benefit is equal to your total contributions,
adjusted for withdrawals (and any associated withdrawal charges), and any taxes
that apply. The standard death benefit is the only death benefit available for
annuitant ages 76 through 85 at issue. If you are an existing contract owner,
the applicable issue ages may be different. Please see Appendix IX later in this
Prospectus for more information. Once your contract is issued, you may not
change or voluntarily terminate your death benefit.

If you elect one of the enhanced death benefits, the death benefit is equal to
your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
annuitant's death, any required instructions for the method of payment,
information and forms necessary to effect payment, OR your elected enhanced
death benefit on the date of the annuitant's death, adjusted for subsequent
withdrawals (and associated withdrawal charges) and taxes that apply, whichever
provides the higher amount. If you elect the Spousal protection option, if
available, the Guaranteed minimum death benefit is based on the age of the older
spouse, who may or may not be the annuitant, for the life of the contract. See
"Spousal protection" in "Payment of death benefit" later in this Prospectus for
more information.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the

44  Contract features and benefits


standard death benefit. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information" later in this Prospectus for more
information.


Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.

OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR ANNUITANTS AGES 0 THROUGH 75 AT
ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE OF ROLLOVER IRA, ROTH CONVERSION
IRA, FLEXIBLE PREMIUM ROTH IRA, AND ROLLOVER TSA CONTRACTS; 20 THROUGH 70 AT
ISSUE OF FLEXIBLE PREMIUM IRA CONTRACTS; 0 THROUGH 70 AT ISSUE FOR INHERITED IRA
CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF QP CONTRACTS. IF YOU ALREADY OWN A
CONTRACT, YOUR AVAILABLE ISSUE AGES MAY HAVE BEEN OLDER AT THE TIME YOU
PURCHASED YOUR CONTRACT.

Subject to state and contract availability (see Appendix VIII and Appendix IX
later in this Prospectus), you may elect one of the following enhanced death
benefits:


o  Annual Ratchet to age 85.


o  6% Roll-Up to age 85. (NO LONGER AVAILABLE)

o  The Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to age 85. (NO
   LONGER AVAILABLE)

o  The Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base described
earlier in "Guaranteed minimum death benefit and Guaranteed minimum income
benefit base." Once you have made your enhanced death benefit election, you may
not change it.

If you elect Principal Protector(SM), only the standard death benefit and the
Annual Ratchet to Age 85 enhanced death benefit are available.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals (and transfers out of the Special 10 year fixed
maturity option) affect your Guaranteed minimum income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" and the section entitled "Charges and expenses" later in this
Prospectus for more information on these guaranteed benefits.


If you are using this contract to fund a charitable remainder trust, you will
have to take certain distribution amounts. You should consider split-funding so
that those distributions do not adversely impact your enhanced death benefit.
See "Owner and annuitant requirements" earlier in this section.


See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced death benefit.

PROTECTION PLUS(SM)


Subject to state and contract availability and variation (see Appendices VIII
and IX later in this Prospectus), if you are purchasing a contract under which
the Protection Plus(SM) feature is available, you may elect the Protection
Plus(SM) death benefit at the time you purchase your contract. Protection
Plus(SM) provides an additional death benefit as described below. See "Tax
information" later in this Prospectus for the potential tax consequences of
electing to purchase the Protection Plus(SM) feature in an NQ, IRA or Rollover
TSA contract. Once you purchase the Protection Plus(SM) feature, you may not
voluntarily terminate this feature. If you elect Principal Protector(SM), the
Protection Plus(SM) feature is not available.

Depending on when you purchased your contract, if you elect the Protection
Plus(SM) option described below and change ownership of the contract, generally
this benefit will automatically terminate, except under certain circumstances.
See "Transfers of ownership, collateral assignments, loans and borrowing" in
"More information," later in this Prospectus for more information.


If the annuitant is 70 or younger when we issue your contract (or if the
successor owner/annuitant is 70 or younger when he or she becomes the successor
owner/annuitant and Protection Plus(SM) had been elected at issue), the death
benefit will be:

the greater of:

o  the account value or

o  any applicable death benefit

Increased by:

o  such death benefit less total net contributions, multiplied by 40%.


For purposes of calculating your Protection Plus(SM) benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the successor owner/annuitant election not been made plus any
subsequent contributions) adjusted for each withdrawal that exceeds your
Protection Plus(SM) earnings. "Net contributions" are reduced by the amount of
that excess. Protection Plus(SM) earnings are equal to (a) minus (b) where (a)
is the greater of the account value and the death benefit immediately prior to
the withdrawal and (b) is the net contributions as adjusted by any prior
withdrawals; and (ii) "Death benefit" is equal to the greater of the account
value as of the date we receive satisfactory proof of death or any applicable
Guaranteed minimum death benefit as of the date of death. If you are an existing
contract owner, your net contributions may be reduced on a pro rata basis to
reflect withdrawals (including withdrawal charges and any TSA loans). For
information about what applies to your contract, see Appendix IX later in this
Prospectus.

If the annuitant is age 71 through 75 (this age may be higher under certain
existing contracts) when we issue your contract (or if the successor
owner/annuitant is between the ages of 71 and 75 when he or she becomes the
successor owner/annuitant and Protection Plus(SM) had been elected at issue),
the death benefit will be:


the greater of:

o  the account value or

o  any applicable death benefit

Increased by:

o  such death benefit (as described above) less total net contributions,
   multiplied by 25%

The value of the Protection Plus(SM) death benefit is frozen on the first
contract date anniversary after the annuitant turns age 80, except that

                                              Contract features and benefits  45


the benefit will be reduced for withdrawals on a pro rata basis. Reduction on a
pro rata basis means that we calculate the percentage of the current account
value that is being withdrawn and we reduce the benefit by that percentage. For
example, if the account value is $30,000 and you withdraw $12,000, you have
withdrawn 40% of your account value. If the benefit is $40,000 before the
withdrawal, it would be reduced by $16,000 ($40,000 X .40) and the benefit after
the withdrawal would be $24,000 ($40,000 - $16,000).

For an example of how the Protection Plus(SM) death benefit is calculated,
please see Appendix VII.

If you elect Spousal protection, the Protection Plus(SM) benefit is based on the
age of the older spouse, who may or may not be the annuitant. Upon the death of
the non-annuitant spouse, the account value will be increased by the value of
the Protection Plus(SM) benefit as of the date we receive due proof of death.
Upon the death of the annuitant, the value of the Protection Plus(SM) benefit is
either added to the death benefit payment or to the account value if Successor
owner/annuitant is elected. If the surviving spouse elects to continue the
contract, the benefit will be based on the age of the surviving spouse as of the
date of the deceased spouse's death for the remainder of the contract. If the
surviving spouse is age 76 or older, the benefit will terminate and the charge
will no longer be in effect. See "Spousal protection" in "Payment of death
benefit" later in this Prospectus for more information.

Protection Plus(SM) must be elected when the contract is first issued: neither
the owner nor the successor owner/annuitant can add it subsequently. Ask your
financial professional or see Appendix VIII later in this Prospectus to see if
this feature is available in your state.

PRINCIPAL PROTECTOR(SM)

As described below, Principal Protector(SM) provides for recovery of your total
contributions through withdrawals, even if your account value falls to zero,
provided that during each contract year, your total withdrawals do not exceed
your Guaranteed Annual withdrawal amount. Principal Protector(SM) is not an
automated withdrawal program. You may request a withdrawal through any of our
available withdrawal methods. See "Withdrawing your account value" in "Accessing
your money" later in this Prospectus. All withdrawals reduce your account value
and the guaranteed minimum death benefit.

Principal Protector(SM) may be elected at contract issue, for an additional
charge, if the annuitant is age 0 through 85 for NQ contracts or age 20 through
75 for all IRA contracts. Please see "Principal Protector(SM) charge" in
"Charges and expenses" later in this Prospectus for a description of the charge
and when it applies. If you elect this benefit, you cannot terminate it.


If you are an existing contract owner, this feature may not have been available
when you purchased your contract. See Appendix IX later in this Prospectus for
more information.


If you die, and your beneficiary elects the Beneficiary continuation option, if
available, your beneficiary may continue Principal Protector(SM) provided that
the beneficiary was 75 or younger on the original contract date. If the
beneficiary was older, Principal Protector(SM) will terminate without value even
if the GWB benefit base is greater than zero. In the case of multiple
beneficiaries, any beneficiary older than 75 may not continue Principal
Protector(SM) and that beneficiary's portion of the GWB benefit base will
terminate without value, even if it was greater than zero. The ability to
continue Principal Protector(SM) under the Beneficiary continuation option is
subject to state availability. When and if it is approved in your state, it will
be added to your contract if you had already elected GWB. See "Beneficiary
continuation option" under "Payment of death benefit" later in the Prospectus
for more information on continuing Principal Protector(SM) under the Beneficiary
continuation option.


If you are purchasing this contract as a TSA, QP or Inherited IRA, Principal
Protector(SM) is not available. This benefit is also not available if you elect
the Guaranteed minimum income benefit, the Greater of 6% Roll-Up to age 85 and
Annual Ratchet to Age 85 enhanced death benefit, Protection Plus(SM), GPB Option
1 or GPB Option 2 or the special dollar cost averaging program. This benefit may
not be available under your contract. For more information, please see Appendix
IX later in this Prospectus.


If you elect the Principal Protector(SM) option and change ownership of the
contract, generally this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

You should not purchase Principal Protector(SM) if you plan to take withdrawals
in excess of your GWB Annual withdrawal amount because those withdrawals
significantly reduce or eliminate the value of the benefit. See "Effect of GWB
Excess withdrawals" below. For traditional IRAs, the Principal Protector(SM)
makes provision for you to take lifetime required minimum distributions ("RMDs")
without losing the value of the Principal Protector(SM) guarantee, provided you
comply with the conditions under "Lifetime required minimum distribution
withdrawals" in "Accessing your money" later in this Prospectus including
utilizing our Automatic RMD service. If you do not expect to comply with these
conditions, including utilization of our Automatic RMD service, this benefit may
have limited usefulness for you and you should consider whether it is
appropriate. Please consult your tax adviser.

YOUR GWB BENEFIT BASE

At issue, your GWB benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o  Your GWB benefit base increases by any additional contributions.


o  Your GWB benefit base decreases by the dollar amount of withdrawals.

o  Your GWB benefit base may be further decreased if a withdrawal is taken in
   excess of your GWB Annual withdrawal amount.

o  Your GWB benefit base may also be increased under the Optional step up
   provision.

o  Your GWB benefit base may also be increased under the one time step up
   applicable with the Beneficiary continuation option.

Each of these events is described in detail below. Once your GWB benefit base is
depleted, you may continue to make withdrawals from your account value, but they
are not guaranteed under Principal Protector(SM).

46  Contract features and benefits


YOUR GWB ANNUAL WITHDRAWAL AMOUNT

Your GWB Annual withdrawal amount is equal to either 5% or 7% ("Applicable
percentage"), as applicable, of your initial GWB benefit base, and is the
maximum amount that you can withdraw each year without making a GWB Excess
withdrawal, as described below. When you purchase your contract, you choose
between two available GWB Annual withdrawal options:

o  7% GWB Annual withdrawal option

o  5% GWB Annual withdrawal option

The GWB Annual withdrawal amount may decrease as a result of a GWB Excess
withdrawal and may increase as a result of an Automatic reset, additional
contributions or a "step up" of the GWB benefit base; each of these transactions
are discussed below in detail. Once you elect a GWB Annual withdrawal option, it
cannot be changed.

Your GWB Annual withdrawal amounts are not cumulative. If you withdraw less than
the GWB Annual withdrawal amount in any contract year, you may not add the
remainder to your GWB Annual withdrawal amount in any subsequent year.

The withdrawal charge, if applicable, is waived for withdrawals up to the GWB
Annual withdrawal amount, but all withdrawals are counted toward your free
withdrawal amount. See "Withdrawal charge" in "Charges and expenses" later in
this Prospectus.

EFFECT OF GWB EXCESS WITHDRAWALS

A GWB Excess withdrawal is caused when you withdraw more than your GWB Annual
withdrawal amount in any contract year. Once a withdrawal causes cumulative
withdrawals in a contract year to exceed your GWB Annual withdrawal amount, the
entire amount of the withdrawal and each subsequent withdrawal in that contract
year are GWB Excess withdrawals.

A GWB Excess withdrawal can cause a significant reduction in both your GWB
benefit base and your GWB Annual withdrawal amount. If you make a GWB Excess
withdrawal, we will recalculate your GWB benefit base and the GWB Annual
withdrawal amount. As of the date of the GWB Excess withdrawal, the GWB benefit
base is first reduced by the dollar amount of the withdrawal (including any
applicable withdrawal charge), and the reduced GWB benefit base and the GWB
Annual withdrawal amount are then further adjusted, as follows:

o  If the account value after the deduction of the withdrawal is less than the
   GWB benefit base, then the GWB benefit base is reset equal to the account
   value.

o  If the account value after the deduction of the withdrawal is greater than or
   equal to the GWB benefit base, then the GWB benefit base is not adjusted
   further.

o  The GWB Annual withdrawal amount equals the lesser of: (i) the Applicable
   percentage of the adjusted GWB benefit base and (ii) the GWB Annual
   withdrawal amount prior to the GWB Excess withdrawal.

You should not purchase this benefit if you plan to take withdrawals in excess
of your GWB Annual withdrawal amount, as such withdrawals significantly reduce
or eliminate the value of Principal Protector(SM). If your account value is less
than your GWB benefit base (due, for example, to negative market performance), a
GWB Excess withdrawal, even one that is only slightly more than your GWB Annual
withdrawal amount, can significantly reduce your GWB benefit base and the GWB
Annual withdrawal amount.

For example, if you contribute $100,000 at contract issue, your initial GWB
benefit base is $100,000. If you elect the 7% GWB Annual withdrawal option, your
GWB Annual withdrawal amount is equal to $7,000 (7% of $100,000). Assume in
contract year four that your account value is $80,000, you have not made any
prior withdrawals, and you request an $8,000 withdrawal. Your $100,000 benefit
base is first reduced by $8,000 to now equal $92,000. Your GWB benefit base is
then further reduced to equal the new account value: $72,000 ($80,000 minus
$8,000). In addition, your GWB Annual withdrawal amount is reduced to $5,040 (7%
of $72,000), instead of the original $7,000.

Withdrawal charges, if applicable, are applied to the amount of the withdrawal
exceeding the GWB Annual withdrawal amount. See "Withdrawal charge" in "Charges
and expenses" later in this Prospectus. You should further note that a GWB
Excess withdrawal that reduces your account value to zero eliminates any
remaining value in your GWB benefit base. See "Insufficient account value" in
"Determining your contract value" later in this Prospectus.

In general, if you purchase this contract as a traditional IRA and participate
in our Automatic RMD service, and you do not take any other withdrawals, an
automatic withdrawal under that program will not cause a GWB Excess withdrawal,
even if it exceeds your GWB Annual withdrawal amount. For more information, see
"Lifetime required minimum distribution withdrawals" in "Accessing your money"
later in this Prospectus.

If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, and chooses scheduled payments, such payments
will not cause a GWB Excess withdrawal, provided no additional withdrawals are
taken. If your beneficiary chooses the "5-year rule" instead of scheduled
payments, this waiver does not apply and a GWB Excess withdrawal may occur if
withdrawals exceed the GWB Annual withdrawal amounts.

EFFECT OF AUTOMATIC RESET


If you take no withdrawals in the first five contract years, the Applicable
percentage to determine your GWB Annual withdrawal amount will be automatically
reset at no additional charge. The Applicable percentage under the 7% GWB Annual
withdrawal option will be increased to 10%, and the Applicable percentage under
the 5% GWB Annual withdrawal option will be increased to 7%. The Applicable
percentage is automatically reset on your fifth contract date anniversary, and
your GWB Annual withdrawal amount will be recalculated.

If you die before the fifth contract date anniversary, and your beneficiary
continues Principal Protector(SM) under the Beneficiary continuation option, if
available, the Automatic reset will apply on the fifth contract date anniversary
if you have not taken any withdrawals and: (1) your beneficiary chooses
scheduled payments and payments have not yet started; or, (2) if your
beneficiary chooses the "5-year


                                              Contract features and benefits  47


rule" option and has not taken withdrawals. See "Beneficiary continuation
option" in "Payment of death benefit" later in this Prospectus.

EFFECT OF ADDITIONAL CONTRIBUTIONS

Anytime you make an additional contribution, we will recalculate your GWB
benefit base and your GWB Annual withdrawal amount. Your GWB benefit base will
be increased by the amount of the contribution and your GWB Annual withdrawal
amount will be equal to the greater of (i) the Applicable percentage of the new
GWB benefit base, or (ii) the GWB Annual withdrawal amount in effect immediately
prior to the additional contribution.

If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, no additional contributions will be permitted.

THE OPTIONAL STEP UP PROVISION


Except as stated below, any time after the fifth contract date anniversary, you
may request a step up in the GWB benefit base to equal your account value. If
your GWB benefit base is higher than the account value as of the date we receive
your step up request, no step up will be made. If a step up is made, we may
increase the charge for the benefit. For a description of the charge increase,
see "Principal Protector(SM) charge" in "Charges and expenses" later in this
Prospectus. Once you elect to step up the GWB benefit base, you may not do so
again for five complete contract years from the next contract date anniversary.
Under both the Spousal protection and the successor owner annuitant features,
upon the first death, the surviving spouse must wait five complete contract
years from the last step up or from contract issue, whichever is later, to be
eligible for a step up.


As of the date of your GWB benefit base step up, your GWB Annual withdrawal
amount will be equal to the greater of (i) your GWB Annual withdrawal amount
before the step up, and (ii) your GWB Applicable percentage applied to your
stepped up GWB benefit base.

It is important to note that a step up in your GWB benefit base may not increase
your GWB Annual withdrawal amount. In that situation, the effect of the step up
is only to increase your GWB benefit base and support future withdrawals. We
will process your step up request even if it does not increase your GWB Annual
withdrawal amount, and we will increase the Principal Protector(SM) charge, if
applicable. In addition, you will not be eligible to request another step up for
five complete contract years. After processing your request, we will send you a
confirmation showing the amount of your GWB benefit base and your GWB Annual
withdrawal amount.

For example, if you contribute $100,000 at contract issue, your initial GWB
benefit base is $100,000. If you elect the 7% GWB Annual withdrawal option, your
GWB Annual withdrawal amount is equal to $7,000 (7% of $100,000). Assume you
take withdrawals of $7,000 in each of the first five contract years, reducing
the GWB benefit base to $65,000. After five contract years, further assume that
your account value is $92,000, and you elect to step up the GWB benefit base
from $65,000 to $92,000. The GWB Annual withdrawal amount is recalculated to
equal the greater of 7% of the new GWB benefit base, which is $6,440 (7% of
$92,000), or the current GWB Annual withdrawal amount, $7,000. Therefore,
following the step up, even though your GWB benefit base has increased, your GWB
Annual withdrawal amount does not increase and remains $7,000.

The Optional step up provision is not available once your beneficiary continues
Principal Protector(SM) under the Beneficiary continuation option. However, if
you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, the GWB benefit base will be stepped up to
equal the account value, if higher, as of the transaction date that we receive
the Beneficiary continuation option election. As of the date of the GWB benefit
base step up, your beneficiary's GWB Annual withdrawal amount will be equal to
the greater of (i) your GWB Annual withdrawal amount before the step up, and
(ii) your GWB Applicable percentage applied to the stepped up GWB benefit base.
This is a one-time step up at no additional charge.

OTHER IMPORTANT CONSIDERATIONS

o  Principal Protector(SM) protects your principal only through withdrawals.
   Your account value may be less than your total contributions.

o  You can take withdrawals under your contract without purchasing Principal
   Protector(SM). In other words, you do not need this benefit to make
   withdrawals.

o  Amounts withdrawn in excess of your GWB Annual withdrawal amount may be
   subject to a withdrawal charge, if applicable, as described in "Charges and
   expenses" later in the Prospectus. In addition, all withdrawals count toward
   your free withdrawal amount for that contract year.

o  Withdrawals made under Principal Protector(SM) will be treated, for tax
   purposes, in the same way as other withdrawals under your contract.

o  All withdrawals are subject to all of the terms and conditions of the
   contract. Principal Protector(SM) does not change the effect of withdrawals
   on your account value or guaranteed minimum death benefit; both are reduced
   by withdrawals whether or not you elect Principal Protector(SM). See "How
   withdrawals are taken from your account value" and "How withdrawals (and
   transfers out of the Special 10 year fixed maturity option) affect your
   Guaranteed minimum income benefit, Guaranteed minimum death benefit and
   Guaranteed principal benefit option 2" in "Accessing your money" later in
   this Prospectus.

o  If you withdraw less than the GWB Annual withdrawal amount in any contract
   year, you may not add the remainder to your GWB Annual withdrawal amount in
   any subsequent year.

o  GWB Excess withdrawals can significantly reduce or completely eliminate the
   value of this benefit. See "Effect of GWB Excess withdrawals" above in this
   section and "Withdrawing your account value" in "Accessing your money" later
   in this Prospectus.

o  If you surrender your contract to receive its cash value, all benefits under
   the contract will terminate, including Principal Protector(SM) if your cash
   value is greater than your GWB Annual withdrawal amount. Therefore, when
   surrendering your contract, you should seriously consider the impact on
   Principal Protector(SM) when you have a GWB benefit base that is greater than
   zero.

48  Contract features and benefits


o  If you die and your beneficiary elects the Beneficiary continuation option,
   then your beneficiary should consult with a tax adviser before choosing to
   use the "5-year rule." The "5-year rule" is described in "Payment of death
   benefit" under "Beneficiary continuation option" later in this Prospectus.
   The GWB benefit base may be adversely affected if the beneficiary makes any
   withdrawals that cause a GWB Excess withdrawal. Also, when the contract
   terminates at the end of 5 years, any remaining GWB benefit base would be
   lost.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT


This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to the
beneficiary after the deceased owner's death. See the discussion of required
minimum distributions under "Tax information." This contract is intended only
for beneficiaries who want to take payments at least annually over their life
expectancy. These payments generally must begin (or must have begun) no later
than December 31 of the calendar year following the year the deceased owner
died. This contract is not suitable for beneficiaries electing the "5-year
rule." See "Beneficiary continuation option for IRA and Roth IRA contracts"
under "Beneficiary continuation option" in "Payment of death benefit" later in
this Prospectus. You should discuss with your tax adviser your own personal
situation. This contract may not be available in all states. Please speak with
your financial professional for further information.

If you are an existing contract owner, this contract may not have been available
when you purchased your contract. See Appendix IX later in this Prospectus for
more information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with only
individual beneficiaries will be treated as individuals for this purpose). The
contract must also contain the name of the deceased owner. In this discussion,
"you" refers to the owner of the inherited IRA beneficiary continuation
contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o  You must receive payments at least annually (but can elect to receive
   payments monthly or quarterly). Payments are generally made over your life
   expectancy determined in the calendar year after the deceased owner's death
   and determined on a term certain basis.

o  You must receive payments from this contract even if you are receiving
   payments from another IRA of the deceased owner in an amount that would
   otherwise satisfy the amount required to be distributed from this contract.

o  The beneficiary of the original IRA will be the annuitant under the inherited
   IRA beneficiary continuation contract. In the case where the beneficiary is a
   "See Through Trust," the oldest beneficiary of the trust will be the
   annuitant.

o  An inherited IRA beneficiary continuation contract is not available for
   annuitants over age 70.

o  The initial contribution must be a direct transfer from the deceased owner's
   original IRA and is subject to minimum contribution amounts. See "How you can
   purchase and contribute to your contract" earlier in this section.


o  Subsequent contributions of at least $1,000 are permitted but must be direct
   transfers of your interest as a beneficiary from another IRA with a financial
   institution other than AXA Equitable, where the deceased owner is the same as
   under the original IRA contract. A non-spousal beneficiary under an
   Applicable Plan cannot make subsequent contributions to an Inherited
   traditional IRA contract.

o  You may make transfers among the investment options.

o  You may choose at any time to withdraw all or a portion of the account value.
   Any partial withdrawal must be at least $300. Withdrawal charges will apply
   as described in "Charges and expenses" later in this Prospectus.


o  The Guaranteed minimum income benefit, successor owner/ annuitant feature,
   special dollar cost averaging program, automatic investment program, GPB
   Options 1 and 2, Principal Protector(SM) and systematic withdrawals are not
   available under the Inherited IRA beneficiary continuation contract.

o  If you die, we will pay to a beneficiary that you choose the greater of the
   annuity account value or the applicable death benefit.

o  Upon your death, your beneficiary has the option to continue tak ing required
   minimum distributions based on your remaining life expectancy or to receive
   any remaining interest in the contract in a single sum. The option elected
   will be processed when we

                                              Contract features and benefits  49


   receive satisfactory proof of death, any required instructions for the method
   of payment and any required information and forms necessary to effect
   payment. If your beneficiary elects to continue to take distributions, we
   will increase the account value to equal the applicable death benefit if such
   death benefit is greater than such account value as of the date we receive
   satisfactory proof of death and any required instructions, information and
   forms. Thereafter, withdrawal charges will no longer apply. If you had
   elected any enhanced death benefits, they will no longer be in effect and
   charges for such benefits will stop. The Guaranteed minimum death benefit
   will also no longer be in effect.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it to
us for a refund. To exercise this cancellation right you must mail the contract,
with a signed letter of instruction electing this right, to our processing
office within 10 days after you receive it. If state law requires, this "free
look" period may be longer. Other state variations may apply. Please contact
your financial professional to find out what applies in your state.


Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification of your decision to cancel the contract and will reflect (i) any
investment gain or loss in the variable investment options (less the daily
charges we deduct), (ii) any guaranteed interest in the guaranteed interest
option, (iii) any positive or negative market value adjustments in the fixed
maturity options, and (iv) any interest in the account for special dollar cost
averaging, through the date we receive your contract. Some states require that
we refund the full amount of your contribution (not reflecting (i), (ii), (iii)
or (iv) above). For any IRA contract returned to us within seven days after you
receive it, we are required to refund the full amount of your contribution.


We may require that you wait six months before you may apply for a contract with
us again if:

o  you cancel your contract during the free look period; or


o  you change your mind before you receive your contract, whether we have
   received your contribution or not.


Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA or Flexible Premium
Roth IRA contract, you may cancel your Roth Conversion IRA or Flexible Premium
Roth IRA contract and return to a Rollover IRA or Flexible Premium IRA contract,
whichever applies. Our processing office, or your financial professional, can
provide you with the cancellation instructions.

50  Contract features and benefits


2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; (iv) the account for special dollar cost
averaging; and (v) the loan reserve account (applies for Rollover TSA contracts
only).


Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge, as well
as optional benefit charges*; (ii) any applicable withdrawal charges; and (iii)
the amount of any outstanding loan plus accrued interest (applicable to Rollover
TSA contracts only). Please see "Surrendering your contract to receive its cash
value" in "Accessing your money" later in this Prospectus.

                       ----------------------------------

* Depending on when you purchased your contract, your account value will be
reduced by a pro rata portion of the administrative charge only. See Appendix IX
later in this Prospectus for more information.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option less daily charges for:

(i)    mortality and expense risks;

(ii)   administrative expenses; and

(iii)  distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)    increased to reflect additional contributions;

(ii)   decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii)  increased to reflect a transfer into, or decreased to reflect a transfer
       out of, a variable investment option; or

(iv)   increased or decreased to reflect a transfer of your loan amount from or
       to the loan reserve account under a Rollover TSA contract.


In addition, if applicable, when we deduct the enhanced death benefit,
Guaranteed minimum income benefit, GPB Option 2, Principal Protector(SM) and/or
Protection Plus(SM) benefit charges, the number of units credited to your
contract will be reduced. Your units are also reduced when we deduct the annual
administrative charge. A description of how unit values are calculated is found
in the SAI.


YOUR CONTRACT'S VALUE IN THE GUARANTEED INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals out
of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date is
the market adjusted amount in each option, which reflects withdrawals out of the
option and charges we deduct. This is equivalent to your fixed maturity amount
increased or decreased by the market value adjustment. Your value, therefore,
may be higher or lower than your contributions (less withdrawals) accumulated at
the rate to maturity. At the maturity date, your value in the fixed maturity
option will equal its maturity value, provided there have been no withdrawals or
transfers.

YOUR CONTRACT'S VALUE IN THE ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

Your value in the account for special dollar cost averaging at any time will
equal your contribution allocated to that option, plus interest, less the sum of
all amounts that have been transferred to the variable investment options you
have selected.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is insufficient
to pay any applicable charges when due. Your account value could become
insufficient due to withdrawals and/or poor market performance. Upon such
termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.


See Appendix VIII later in this Prospectus for any state variations with regard
to the termination of your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE (not available under all
contracts). In certain circumstances, even if your account value falls to zero,
your Guaranteed minimum income benefit will still have value. Please see
"Contract features and benefits" earlier in this Prospectus for information on
this feature.


PRINCIPAL PROTECTOR(SM) (NOT AVAILABLE UNDER ALL CONTRACTS). If you elect
Principal Protector(SM) and your account value falls to zero due to a GWB


                                           Determining your contract's value  51


Excess withdrawal, we will terminate your contract and you will receive no
payment or supplementary life annuity contract, as discussed below, even if your
GWB benefit base is greater than zero. If, however, your account value falls to
zero, either due to a withdrawal or surrender that is not a GWB Excess
withdrawal or due to a deduction of charges, please note the following:

o   If your GWB benefit base equals zero, we will terminate your contract and
    make no payment.

o   If your GWB benefit base is greater than zero but less than or equal to the
    balance of your GWB Annual withdrawal amount, if any, for that contract
    year, we will terminate your contract and pay you any remaining GWB benefit
    base.

o   If your GWB benefit base is greater than the balance of your remaining GWB
    Annual withdrawal amount, if any, for that contract year, we will pay you
    your GWB Annual withdrawal amount balance and terminate your contract, and
    we will pay you your remaining GWB benefit base as an annuity benefit, as
    described below.


o   If the Beneficiary continuation option is elected (not available in all
    states), and the account value falls to zero while there is a remaining GWB
    benefit base, we will make payments to the beneficiary as follows:

    o   If the beneficiary had elected scheduled payments we will continue to
        make scheduled payments over remaining life expectancy until the GWB
        benefit base is zero, and the Principal Protector(SM) charge will no
        longer apply.


    o   If the beneficiary had elected the "5-year rule" and the GWB benefit
        base is greater than the remaining GWB Annual withdrawal amount, if any,
        for that contract year, we will pay the beneficiary the GWB Annual
        withdrawal amount balance. We will continue to pay the beneficiary the
        remaining GWB Annual withdrawal amount each year until the GWB benefit
        base equals zero, or the contract terminates at the end of the fifth
        contract year, whichever comes first. Any remaining GWB benefit base at
        the end of the fifth contract year will terminate without value.


ANNUITY BENEFIT. If the contract terminates and the remaining GWB benefit base
is to be paid in installments, we will issue you an annuity benefit contract and
make annual payments equal to your GWB Annual withdrawal amount on your contract
date anniversary beginning on the next contract date anniversary, until the
cumulative amount of such payments equals the remaining GWB benefit base (as of
the date the contract terminates). The last installment payment may be smaller
than the previous installment payments in order for the total of such payments
to equal the remaining GWB benefit base.


The annuity benefit supplemental contract will carry over the same owner,
annuitant and beneficiary as under your contract. If you die before receiving
all of your payments, we will make any remaining payments to your beneficiary.
The charge for Principal Protector(SM) will no longer apply.

If at the time of your death the GWB Annual withdrawal amount was being paid to
you as an annuity benefit, your beneficiary may not elect the Beneficiary
continuation option.

52  Determining your contract's value


3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer some
or all of your account value among the investment options, subject to the
following:

o   You may not transfer any amount to the account for special dollar cost
    averaging.

o   You may not transfer to a fixed maturity option that has a rate to maturity
    of 3% or less.

o   If the annuitant is age 76-80, you must limit your transfers to fixed
    maturity options with maturities of seven years or less. If the annuitant is
    age 81 or older, you must limit your transfers to fixed maturity options of
    five years or less. We will not accept allocations to a fixed maturity
    option if on the date the contribution or transfer is to be applied, the
    rate to maturity is 3%. Also, the maturity dates may be no later than the
    date annuity payments are to begin.

o   If you make transfers out of a fixed maturity option other than at its
    maturity date, the transfer may cause a market value adjustment and affect
    your GPB.

o   No transfers are permitted into the Special 10 year fixed maturity option.

New York has additional transfer restrictions. Please see Appendix VIII later in
this Prospectus.


In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.


The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option, the interest sweep option and dollar cost averaging
programs described under "Allocating your contributions" in "Contract features
and benefits" earlier in this Prospectus) in any contract year is the greatest
of:

(a) 25% of the amount you have in the guaranteed interest option on the last day
    of the prior contract year; or

(b) the total of all amounts transferred at your request from the guaranteed
    interest option to any of the Investment options in the prior contract year;
    or


(c) 25% of amounts transferred or allocated to the guaranteed interest option
    during the current contract year.

From time to time, we may remove the restrictions regarding transferring amounts
out of the guaranteed interest option. If we do so, we will tell you. We will
also tell you at least 45 days in advance of the day that we intend to reimpose
the transfer restrictions. When we reimpose the transfer restrictions, if any
dollar cost averaging transfer out of the guaranteed interest option causes a
violation of the 25% outbound restriction, that dollar cost averaging program
will be terminated for the current contract year. A new dollar cost averaging
program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentages of your current account value to be
    transferred, and

(3) the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios in
which the variable investment options invest. Disruptive transfer activity may
adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies

                            Transferring your money among investment options  53


present arbitrage opportunities because the market for such securities may be
less liquid than the market for securities of larger companies, which could
result in pricing inefficiencies. Please see the prospectuses for the underlying
portfolios for more information on how portfolio shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review contract
owner trading activity. In most cases, each trust reserves the right to reject a
transfer that it believes, in its sole discretion, is disruptive (or potentially
disruptive) to the management of one of its portfolios. Please see the
prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive transfer
activity and that if such activity continues certain transfer privileges may be
eliminated. If and when the contract owner is identified a second time as
engaged in potentially disruptive transfer activity under the contract, we
currently prohibit the use of voice, fax and automated transaction services. We
currently apply such action for the remaining life of each affected contract. We
or a trust may change the definition of potentially disruptive transfer
activity, the monitoring procedures and thresholds, any notification procedures,
and the procedures to restrict this activity. Any new or revised policies and
procedures will apply to all contract owners uniformly. We do not permit
exceptions to our policies restricting disruptive transfer activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee. If
a redemption fee is implemented by a trust, that fee, like any other trust fee,
will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disrup tive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.

REBALANCING YOUR ACCOUNT VALUE

We offer rebalancing, which you can use to automatically reallocate your account
value among your investment options. We currently offer two options: "Option I"
and "Option II." Option I allows you to rebalance your account value among the
variable investment options. Option II allows you to rebalance among the
variable investment options and the guaranteed interest option. Under both
options, rebalancing is not available for amounts you have allocated to the
fixed maturity options.

In order to participate in one of our rebalancing programs, you must tell us:


    (a) the percentage you want invested in each investment option (whole
        percentages only), and

    (b) how often you want the rebalancing to occur (quarterly, semiannually, or
        annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be canceled
in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you specify
is invested in each option at the end of each rebalancing date.

54  Transferring your money among investment options


If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer out of the guaranteed interest option to
initiate the rebalancing program will not be permitted if such transfer would
violate these rules. If this occurs, the rebalancing program will not go into
effect.

For New York contracts, please see Appendix VIII for differences in your state.


You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.


                            Transferring your money among investment options  55


4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table. If you withdraw more than 90% of your
contract's current cash value, we will treat it as a request to surrender your
contract for its cash value. See "Surrendering your contract to receive its cash
value" below. For the potential tax consequences of withdrawals, see "Tax
information" later in this Prospectus.


Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals (and transfers out of the
Special 10 year fixed maturity option) affect your Guaranteed minimum income
benefit, Guaranteed minimum death benefit and Guaranteed principal benefit
option 2," below for more information on how withdrawals affect your guaranteed
benefits and could potentially cause your contract to terminate.




- --------------------------------------------------------------------------------
                                        Method of withdrawal
                       ---------------------------------------------------------
                                                                     Lifetime
                                                                     required
                                                  Substantially       minimum
 Contract              Partial     Systematic         equal        distribution
- --------------------------------------------------------------------------------
                                                           
- --------------------------------------------------------------------------------
NQ                      Yes           Yes               No              No
- --------------------------------------------------------------------------------
Rollover IRA            Yes           Yes              Yes             Yes
- --------------------------------------------------------------------------------
Flexible
 Premium IRA            Yes           Yes              Yes             Yes
- --------------------------------------------------------------------------------
Roth Conversion
 IRA                    Yes           Yes              Yes              No
- --------------------------------------------------------------------------------
Flexible Premium
 Roth IRA               Yes           Yes              Yes              No
- --------------------------------------------------------------------------------
Inherited IRA           Yes            No               No              **
- --------------------------------------------------------------------------------
QP                      Yes            No               No             Yes
- --------------------------------------------------------------------------------
Rollover TSA*           Yes           Yes               No             Yes



*   For some Rollover TSA contracts, your ability to take withdrawals, loans or
    surrender your contract may be limited. You must provide withdrawal
    restriction information when you apply for a contract. See "Tax Sheltered
    Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

**  This contract pays out post-death required minimum distributions. See
    "Inherited IRA beneficiary continuation contract" in "Contract features and
    benefits" earlier in this Prospectus.


PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). If you already own your contract, the
applicable free withdrawal percentage may be higher. See Appendix IX later in
this Prospectus for the free withdrawal amount that applies to your contract.
Under Rollover TSA contracts, if a loan is outstanding, you may only take
partial withdrawals as long as the cash value remaining after any withdrawal
equals at least 10% of the outstanding loan plus accrued interest.


SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRA and QP contracts)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions.)


You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10% annually. The minimum amount you may
take in each systematic withdrawal is $250. If the amount withdrawn would be
less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election. If you
already own your contract, the applicable percentages may be higher. See
Appendix IX later in this Prospectus for information on what applies to your
contract.


We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change the
amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal amount.
This option is not available if you have elected a Guaranteed principal benefit.
If you are an existing contract owner, this restriction may not apply. See
Appendix IX later in this Prospectus for more information.


SUBSTANTIALLY EQUAL WITHDRAWALS
(Rollover IRA, Roth Conversion IRA, Flexible Premium IRA and Flexible Premium
Roth IRA contracts)

We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this;

56  Accessing your money



this is not the exclusive method of meeting this exception. After consultation
with your tax adviser, you may decide to use another method which would require
you to compute amounts yourself and request partial withdrawals. In such a case,
a withdrawal charge may apply. Once you begin to take substantially equal
withdrawals, you should not stop them or change the pattern of your withdrawals
until after the later of age 59-1/2 or five full years after the first
withdrawal. If you stop or change the withdrawals or take a partial withdrawal,
you may be liable for the 10% federal tax penalty that would have otherwise been
due on prior withdrawals made under this option and for any interest on the
delayed payment of the penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal withdrawals
using the IRS-approved method we offer. The payments will be made monthly,
quarterly or annually as you select. These payments will continue until we
receive written notice from you to cancel this option or you take a partial
withdrawal. You may elect to start receiving substantially equal withdrawals
again, but the payments may not restart in the same contract year in which you
took a partial withdrawal. We will calculate the new withdrawal amount.

Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge. Depending on when you purchased your contract. This option is
not available if you have elected a guaranteed principal benefit. If you are an
existing contract owner, this restriction may not apply. See Appendix IX later
in this Prospectus for more information.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, Flexible Premium IRA, QP and Rollover TSA contracts only -- See
"Tax information" later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help you
meet lifetime required minimum distributions under federal income tax rules.
This is not the exclusive way for you to meet these rules. After consultation
with your tax adviser, you may decide to compute required minimum distributions
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Before electing this account based withdrawal option, you should
consider whether annuitization might be better in your situation. If you have
elected certain additional benefits, such as the Guaranteed minimum death
benefit or Guaranteed minimum income benefit, amounts withdrawn from the
contract to meet RMDs will reduce the benefit base and may limit the utility of
the benefit. Also, the actuarial present value of additional contract benefits
must be added to the account value in calculating required minimum distribution
withdrawals from annuity contracts funding qualified plans, TSAs and IRAs, which
could increase the amount required to be withdrawn. Please refer to "Tax
information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA, Flexible Premium IRA, and Rollover TSA contracts, we will send
a form outlining the distribution options available in the year you reach age
70-1/2 (if you have not begun your annuity payments before that time).
- --------------------------------------------------------------------------------

We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if, when added to a partial
withdrawal previously taken in the same contract year, the minimum distribution
withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH PRINCIPAL PROTECTOR(SM). If you elect Principal
Protector(SM), provided no other withdrawals are taken during a contract year in
which you participate in our Automatic RMD service, an automatic withdrawal
using our service will not cause a GWB Excess withdrawal, even if it exceeds
your GWB Annual withdrawal amount. If you take any other withdrawal while you
participate in the service, however, this GWB Excess withdrawal exception
terminates permanently. In order to take advantage of this exception, you must
elect and maintain participation in our Automatic RMD service at your required
beginning date, or the contract date, if your required beginning date has
occurred before the contract was purchased. See "Principal Protector(SM)" in
"Contract features and benefits" earlier in this Prospectus for further
information.

HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE


Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and guaranteed interest option, any additional amount of the
withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options (other than the Special 10 year fixed maturity
option, if applicable) in the order of the earliest maturity date(s) first. If
the FMO amounts are insufficient, we will deduct all or a portion of the
withdrawal from the account for special dollar cost averaging. If such amounts
are still insufficient, we will deduct any remaining portion from the Special
10 year fixed maturity option. A market value adjustment will apply to
withdrawals from the fixed maturity options (including the Special 10 year
fixed maturity option).


                                                        Accessing your money  57


HOW WITHDRAWALS (AND TRANSFERS OUT OF THE SPECIAL 10 YEAR FIXED MATURITY OPTION)
AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED MINIMUM DEATH BENEFIT
AND GUARANTEED PRINCIPAL BENEFIT OPTION 2

In general, withdrawals will reduce your guaranteed benefits on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
your current account value that is being withdrawn and we reduce your current
benefit by the same percentage. For example, if your account value is $30,000
and you withdraw $12,000, you have withdrawn 40% of your account value. If your
benefit was $40,000 before the withdrawal, it would be reduced by $16,000
($40,000 X .40) and your new benefit after the withdrawal would be $24,000
($40,000 - $16,000).

Transfers out of the Special 10 year fixed maturity option will reduce the GPB
Option 2 amount on a pro rata basis. In addition, if you make a contract
withdrawal from the Special 10 year fixed maturity op tion, we will reduce your
GPB Option 2 in a similar manner; however, the reduction will reflect both a
transfer out of the Special 10 year fixed maturity option and a withdrawal from
the contract. Therefore, the reduction in GPB Option 2 is greater when you take
a contract withdrawal from the Special 10 year fixed maturity option than it
would be if you took the withdrawal from another investment option.

Similar to the example above, if your account value is $30,000 and you withdraw
$12,000 from the Special 10 year fixed maturity option, you have withdrawn 40%
of your account value. If your GPB Option 2 benefit was $40,000 before the
withdrawal, the reduction to reflect the transfer out of the Special 10 year
fixed maturity option would equal $16,000 ($40,000 x .40). The amount used to
calculate the reduction to reflect the withdrawal from the contract is $24,000
($40,000 - $16,000). The reduction to reflect the withdrawal would equal $9,600
($24,000 x .40), and your new benefit after the withdrawal would be $14,400
($24,000 - $9,600).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6% (or
5%) Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% (or 5%) Roll-Up to age 85 benefit base on a dollar-for-dollar
basis, as long as the sum of withdrawals in a contract year is 6% (or 5%) or
less of the 6% (or 5%) Roll-Up benefit base on the most recent contract date
anniversary. Additional contributions made during a contract year do not affect
the amount of withdrawals that can be taken on a dollar-for-dollar basis in
that contract year. Once a withdrawal is taken that causes the sum of
withdrawals in a contract year to exceed 6% (or 5%) of the benefit base on the
most recent anniversary, that entire withdrawal and any subsequent withdrawals
in that same contract year will reduce the benefit base pro rata. Reduction on
a dollar-for-dollar basis means that your 6% (or 5%) Roll-Up to age 85 benefit
base will be reduced by the dollar amount of the withdrawal for each Guaranteed
benefit. The Annual Ratchet to age 85 benefit base will always be reduced on a
pro rata basis.

If you already own your contract, the effect of withdrawals on your Guaranteed
minimum income benefit and Guaranteed minimum death benefit (including the
Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death
benefit) may be different. See Appendix IX later in this Prospectus for
information on what applies to your contract.

HOW WITHDRAWALS AFFECT PRINCIPAL PROTECTOR(SM)

If you elect Principal Protector(SM), if available, any withdrawal reduces your
GWB benefit base by the amount of the withdrawal. In addition, a GWB Excess
withdrawal can significantly reduce your GWB Annual withdrawal amount and
further reduce your GWB benefit base. For more information, see "Effect of GWB
Excess withdrawals" and "Other important considerations" under "Principal
Protector(SM)" in "Contract features and benefits" earlier in this Prospectus.

WITHDRAWALS TREATED AS SURRENDERS

If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. Also, under
certain contracts, we have the right to pay the cash value and terminate this
contract if no contributions are made during the last three completed contract
years, and the account value is less than $500, or if you make a withdrawal that
would result in a cash value of less than $500. If you are an existing contract
owner, the rules in the preceding sentence may not apply under your contract or
if the Guaranteed minimum income benefit no lapse guarantee is available and in
effect on your contract. See Appendix IX later in this Prospectus for
information. See also "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.

SPECIAL RULES FOR PRINCIPAL PROTECTOR(SM). If you elect Principal Protector(SM),
if available, all withdrawal methods described above can be used. We will not
treat a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a GWB
Excess withdrawal. In addition, we will not terminate your contract if either
your account value or cash value falls below $500, unless it is due to a GWB
Excess withdrawal. In other words, if you take a GWB Excess withdrawal that
equals more than 90% of your cash value or reduces your cash value to less than
$500, we will treat your request as a surrender of your contract even if your
GWB benefit base is greater than zero. Please also see "Insufficient account
value" in "Determining your contract value" earlier in this Prospectus. Please
also see "Principal Protector(SM)" in "Contract features and benefits," earlier
in this Prospectus, for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.


LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a

58  Accessing your money


loan, or cannot take a loan without approval from the employer who provided the
funds, we will have this information in our records based on what you and the
employer who provided the funds told us when you purchased your contract. The
employer must also tell us whether special employer plan rules of the Employee
Retirement Income Security Act of 1974 ("ERISA") apply. We will not permit you
to take a loan while you are enrolled in our "automatic required minimum
distribution (RMD) service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you may
only take a loan with the written consent of your spouse. Your contract contains
further details of the loan provision. Please see Appendix VIII later in this
Prospectus for any state restrictions you may be subject to if you take a loan
from a Rollover TSA contract. Also, see "Tax information" later in this
Prospectus for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum loan
amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your account
value, subject to any limits under the federal income tax rules. The term of a
loan is five years. However, if you use the loan to acquire your primary
residence, the term is 10 years. The term may not extend beyond the earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan including any accrued
    and unpaid loan interest, will be deducted from the death benefit amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.

LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options and the guaranteed interest option. If those amounts are
insufficient, any additional amount of the loan will be subtracted from the
fixed maturity options (other than the Special 10 year fixed maturity option) in
the order of the earliest maturity date(s) first. If FMO amounts are
insufficient, we will deduct all or a portion of the loan from the account for
special dollar cost averaging. If such amounts are still insufficient, we will
deduct any remaining portion from the Special 10 year fixed maturity option. A
market value adjustment will apply to withdrawals from the fixed maturity
options (including the Special 10 year fixed maturity option). If amounts are
withdrawn from the Special 10 year fixed maturity option, the guaranteed benefit
will be adversely affected. See "Guaranteed principal benefit option 2" in
"Contract features and benefits" earlier in this Prospectus.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan repayment,
unless you specify otherwise, we will transfer the dollar amount of the loan
repaid from the loan reserve account to the investment options according to the
allocation percentages we have on our records.

The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while the
annuitant is living and before you begin to receive annuity payments. (Rollover
TSA contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We will
determine your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including Principal Protector(SM) (if applicable) if your
cash value is greater than your GWB Annual withdrawal amount. If you have a GWB
benefit base greater than zero, you should consider the impact of a contract
surrender on the Principal Protector(SM) benefit. If your surrender request does
not constitute a GWB Excess withdrawal, you may be eligible for additional
benefits. If, however, your surrender request constitutes a GWB Excess
withdrawal, you will lose those benefits. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect under your contract, the Guaranteed
minimum income benefit will terminate without value if your cash value plus any
other withdrawals taken in the contract year exceed 6% of the Roll-Up benefit
base (as of the beginning of the contract year). For more information, please
see "Annuity benefit" under "Insufficient account value" in "Determining your
contract value" and "Principal Protector(SM)" in "Contract features and
benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below. For
the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you withdraw
(less any withdrawal charge) and, upon surrender, payment of the cash value. We
may postpone such payments or applying proceeds for any period during which:

(1) the New York Stock Exchange is closed or restricts trading,

                                                        Accessing your money  59


(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option, fixed maturity options and the account for special dollar cost averaging
(other than for death benefits) for up to six months while you are living. We
also may defer payments for a reasonable amount of time (not to exceed 10 days)
while we are waiting for a contribution check to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery service at your expense.

YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) provide for conversion to
payout status at or before the contract's "maturity date." This is called
annuitization. When your contract is annuitized, your Accumulator(R) contract
and all its benefits will terminate and you will receive a supplemental annuity
payout contract ("payout option") that provides periodic payments for life or
for a specified period of time. In general, the periodic payment amount is
determined by the account value or cash value of your Accumulator(R) contract at
the time of annuitization and the annuity purchase factor to which that value is
applied, as described below. Alternatively, if you have a Guaranteed minimum
income benefit, you may exercise your benefit in accordance with its terms.


Your Accumulator(R) contract guarantees that upon annuitization, your annuity
account value will be applied to a guaranteed annuity purchase factor for a life
annuity payout option. In addition, you may apply your account value or cash
value, whichever is applicable, to any other annuity payout option that we may
offer at the time of annuitization. We currently offer you several choices of
annuity payout options. Some enable you to receive fixed annuity payments, which
can be either level or increasing, and others enable you to receive variable
annuity payments. Please see Appendix VIII later in this Prospectus for
variations that may apply in your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the annuitant's age at
contract issue. In addition, if you are exercising your Guaranteed minimum
income benefit, your choice of payout options are those that are available under
the Guaranteed minimum income benefit (see "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus). If you
elect Principal Protector(SM) and choose to annuitize your contract, Principal
Protector(SM) will terminate without value even if your GWB benefit base is
greater than zero. Payments you receive under the annuity payout option you
select may be less than you would have received under Principal Protector(SM).
See "Principal Protector(SM)" in "Contract features and benefits" earlier in
this Prospectus for further information.


- --------------------------------------------------------------------------------
Fixed annuity payout options          Life annuity
                                      Life annuity with period certain
                                      Life annuity with refund certain
                                      Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity            Life annuity
   payout options                     Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options     Life annuity with period certain
   (available for annuitants age 83   Period certain annuity
   or less at contract issue)
- --------------------------------------------------------------------------------


o   Life annuity: An annuity that guarantees payments for the rest of the
    annuitant's life. Payments end with the last monthly payment before the
    annuitant's death. Because there is no continuation of benefits following
    the annuitant's death with this payout option, it provides the highest
    monthly payment of any of the life annuity options, so long as the annuitant
    is living.

o   Life annuity with period certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the end of a
    selected period of time ("period certain"), payments continue to the
    beneficiary for the balance of the period certain. The period certain cannot
    extend beyond the annuitant's life expectancy. A life annuity with a period
    certain is the form of annuity under the contract that you will receive if
    you do not elect a different payout option. In this case, the period certain
    will be based on the annuitant's age and will not exceed 10 years.

o   Life annuity with refund certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the amount
    applied to purchase the annuity option has been recovered, payments to the
    beneficiary will continue until that amount has been recovered. This payout
    option is available only as a fixed annuity.

o   Period certain annuity: An annuity that guarantees payments for a specific
    period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
    not exceed the annuitant's life expectancy. This option does not guarantee
    payments for the rest of the annuitant's life. It does not permit any
    repayment of the unpaid principal, so you cannot elect to receive part of
    the payments as a single sum payment with the rest paid in monthly annuity
    payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with refund
certain payout options are available on a single life or joint and survivor life
basis. The joint and survivor life annuity guarantees payments for the rest of
the annuitant's life, and after the annuitant's death, payments continue to the
survivor. We may offer other payout options not outlined here. Your financial
professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

60  Accessing your money


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust and
EQ Advisors Trust. The contract also offers a fixed income annuity payout option
that can be elected in combination with the variable income annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.


INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your Accumulator(R).

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) contract to an
Income Manager(SM) payout annuity. In this case, we will consider any amounts
applied as a withdrawal from your Accumulator(R) and we will deduct any
applicable withdrawal charge. For the tax consequences of withdrawals, see "Tax
information" later in this Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option (or "Living Benefit" option), different
payout options may apply, as well as various other differences. See "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus, as well as the Income Manager(SM) prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION

The amount applied to purchase an annuity payout option varies, depending on the
payout option that you choose, and the timing of your purchase as it relates to
any withdrawal charges or market value adjustments.

If amounts in a fixed maturity option are used to purchase any annuity payout
option, prior to the maturity date, a market value adjustment will apply.

For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your Accumulator(R) contract is imposed
if you select a non-life contingent period certain payout annuity. If the period
certain is more than 5 years, then the withdrawal charge deducted will not
exceed 5% of the account value.

For the Income Manager(SM) life contingent payout options, no withdrawal charge
is imposed under the Accumulator(R). If the withdrawal charge that otherwise
would have been applied to your account value under your Accumulator(R) is
greater than 2% of the contributions that remain in your contract at the time
you purchase your payout option, the withdrawal charges under the Income
Manager(SM) will apply. The year in which your account value is applied to the
payout option will be "contract year 1."


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return your
contract before annuity payments begin. The contract owner and annuitant must
meet the issue age and payment requirements.


You can choose the date annuity payments begin. In most states, it may not be
earlier than thirteen months from the Accumulator(R) contract date. Please see
Appendix VIII later in this Prospectus for information on state variations.
Except with respect to the Income Manager(SM) annuity payout options, where
payments are made on the 15th day of each month, you can change the date your
annuity payments are to begin anytime before that date as long as you do not
choose a date later than the 28th day of any month. Also, that date may not be
later than the annuity maturity date described below.

The amount of the annuity payments will depend on the amount applied to purchase
the annuity and the applicable annuity purchase factors, discussed earlier. The
amount of each annuity payment will be less with a greater frequency of
payments, or with a longer duration of a non-life contingent annuity or a longer
certain period of a life contingent annuity. Once elected, the frequency with
which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less than
$2,000 or the initial payment under the form elected is less

                                                        Accessing your money  61


than $20 monthly, we reserve the right to pay the account value in a single sum
rather than as payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.

ANNUITY MATURITY DATE

Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is generally the
contract date anniversary that follows the annuitant's 95th birthday. We will
send a notice with the annual statement one year prior to the maturity age.

If you elect Principal Protector and your contract is annuitized at maturity, we
will offer an annuity payout option for life that guarantees you will receive
payments that are at least equal to what you would have received under Principal
Protector until the point at which your GWB Benefit Base is depleted. After your
GWB Benefit Base is depleted, you will continue to receive periodic payments
while you are living. The amount of each payment will be the same as the payment
amount that you would have received if you had applied your account value on the
maturity date to purchase a life annuity at the annuity purchase rate guaranteed
in your contract; this payment amount may be more or less than your GWB Annual
Withdrawal amount.


Please see Appendix VIII later in this Prospectus for variations that may apply
in your state.

62  Accessing your money


5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o   A mortality and expense risks charge

o   An administrative charge

o   A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o   On each contract date anniversary -- an annual administrative charge, if
    applicable.

o   At the time you make certain withdrawals or surrender your contract -- a
    withdrawal charge.

o   On each contract date anniversary, a charge for each optional benefit that
    you elect: a death benefit (other than the Standard death benefit); the
    Guaranteed minimum income benefit; Principal Protector(SM); and Protection
    Plus(SM).

o   On the first 10 contract date anniversaries -- a charge for GPB Option 2, if
    you elect this optional benefit.

o   At the time annuity payments are to begin -- charges designed to approximate
    certain taxes that may be imposed on us, such as premium taxes in your
    state. An annuity administrative fee may also apply.


More information about these charges appears below. The fees and charges
described are the maximum fees and charges that a contract owner will pay.
Please see your contract and/or Appendix IX for the fees and charges that apply
under your contract. We will not increase these charges for the life of your
contract, except as noted. We may reduce certain charges under group or
sponsored arrangements. See "Group or sponsored arrangements" later in this
section.


The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits under
the contracts. They are also designed, in the aggregate, to compensate us for
the risks of loss we assume pursuant to the contracts. If, as we expect, the
charges that we collect from the contracts exceed our total costs in connection
with the contracts, we will earn a profit. Otherwise, we will incur a loss.

The rates of certain of our charges have been set with reference to estimates of
the amount of specific types of expenses or risks that we will incur. In most
cases, this Prospectus identifies such expenses or risks in the name of the
charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net assets
in each variable investment option to compensate us for mortality and expense
risks, including the Standard death benefit. The daily charge is equivalent to
an annual rate of 0.75% of the net assets in each variable investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that the
mortality assumptions reflected in our guaranteed annuity payment tables, shown
in each contract, will differ from actual mortality experience. Lastly, we
assume a mortality risk to the extent that at the time of death, the Guaranteed
minimum death benefit exceeds the cash value of the contract. The expense risk
we assume is the risk that it will cost us more to issue and administer the
contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option. The charge, together with the annual administrative
charge described below, is to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.30% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.20%
of the net assets in each variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract date
anniversary. We deduct the charge if your account value on the last business day
of the contract year is less than $50,000. If your account value on such date is
$50,000 or more, we do not deduct the charge. During the first two contract
years, the charge is equal to $30 or, if less, 2% of your account value. The
charge is $30 for contract years three and later.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VIII later in this Prospectus
to see if deducting this charge from the guaranteed

                                                        Charges and expenses  63



interest option is permitted in your state) on a pro rata basis. If those
amounts are insufficient, we will deduct all or a portion of the charge from the
fixed maturity options (other than the Special 10 year fixed maturity option, if
applicable,) in the order of the earliest maturity date(s) first. If such fixed
maturity option amounts are insufficient, we will deduct all or a portion of the
charge from the account for special dollar cost averaging. If such amounts are
still insufficient, we will deduct any remaining portion from the Special 10
year fixed maturity option. If the contract is surrendered or annuitized or a
death benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. A market value adjustment
will apply to deductions from the fixed maturity options (including the Special
10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non-life contingent payout
option. For more information about the withdrawal charge if you select an
annuity payout option, see "Your annuity payout options--The amount applied to
purchase an annuity payout option" in "Accessing your money" earlier in the
Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn. The
percentage that applies depends on how long each contribution has been invested
in the contract. We determine the withdrawal charge separately for each
contribution according to the following table:



- -----------------------------------------------------------------
                         Contract year
- -----------------------------------------------------------------
                    1     2     3     4     5     6     7     8+
- -----------------------------------------------------------------
                                      
Percentage of
  contribution      7%    7%    6%    6%    5%    3%    1%    0%
- -----------------------------------------------------------------



For purposes of calculating the withdrawal charge, we treat the contract year in
which we receive a contribution as "contract year 1" and the withdrawal charge
is reduced or expires on each applicable contract date anniversary. Amounts
withdrawn up to the free withdrawal amount are not considered withdrawal of any
contribution. We also treat contributions that have been invested the longest as
being withdrawn first. We treat contributions as withdrawn before earnings for
purposes of calculating the withdrawal charge. However, federal income tax rules
treat earnings under your contract as withdrawn first. See "Tax information"
later in this Prospectus.


For contracts issued in New York, please see Appendix VIII later in this
Prospectus for the New York withdrawal charge schedule applicable to monies
withdrawn from and transferred among the fixed maturity options.

For Pennsylvania contracts for annuitants who are age 84 or 85 at issue, please
see Appendix VIII later in this Prospectus for possible withdrawal charge
schedule variations.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover our sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus. The withdrawal charge does not apply in the circumstances
described below.

10% FREE WITHDRAWAL AMOUNT. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase your 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.


For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract) and (2)
the 10% free withdrawal amount defined above.

If you elect Principal Protector(SM), we will waive any withdrawal charge for
any withdrawal during the contract year up to the GWB Annual withdrawal amount,
even if such withdrawals exceed the free withdrawal amount. However, each
withdrawal reduces the free withdrawal amount for that contract year by the
amount of the withdrawal. Withdrawal charges, are applied to the amount of the
withdrawal that exceeds the GWB Annual withdrawal amount.


If you already own your contract, the applicable free withdrawal percentage may
be higher. See Appendix IX later in this Prospectus for the free withdrawal
amount that applies under your contract.

CERTAIN WITHDRAWALS. If you elected the Guaranteed minimum income benefit and/or
the Greater of 6% Roll-Up to age 85 or the annual ratchet to age 85 enhanced
death benefit, the withdrawal charge will be waived for any withdrawal that,
together with any prior withdrawals made during the contract year, does not
exceed 6% of the beginning of contract year 6% to age 85 Roll-Up benefit base,
even if such withdrawals exceed the free withdrawal amount. Also, a withdrawal
charge does not apply to a withdrawal that exceeds 6% of the beginning of
contract year 6% to age 85 Roll-Up benefit base as long as it does not exceed
the free withdrawal amount. If your withdrawals exceed the amount described
above, this waiver is not applicable to that withdrawal nor to any subsequent
withdrawal for the life of the contract.


64  Charges and expenses



If you are an existing contract owner, see Appendix IX later in this Prospectus
to see if this waiver of the withdrawal charge applies under your contract.

DISABILITY, TERMINAL ILLNESS, OR CONFINEMENT TO NURSING HOME. The withdrawal
charge also does not apply if:


(i)   The annuitant has qualified to receive Social Security disability benefits
      as certified by the Social Security Administration; or

(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that the annuitant's life expectancy is six months or less; or


(iii) The annuitant has been confined to a nursing home for more than 90 days
      (or such other period, as required in your state) as verified by a
      licensed physician. A nursing home for this purpose means one that is (a)
      approved by Medicare as a provider of skilled nursing care service, or (b)
      licensed as a skilled nursing home by the state or territory in which it
      is located (it must be within the United States, Puerto Rico, or U.S.
      Virgin Islands) and meets all of the following:

      -- its main function is to provide skilled, intermediate, or custodial
         nursing care;

      -- it provides continuous room and board to three or more persons;

      -- it is supervised by a registered nurse or licensed practical nurse;

      -- it keeps daily medical records of each patient;

      -- it controls and records all medications dispensed; and

      -- its primary service is other than to provide housing for residents.


We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions described in (i), (ii) or
(iii) above existed at the time a contribution was remitted or if the condition
began within 12 months of the period following remittance. Some states may not
permit us to waive the withdrawal charge in the above circumstances, or may
limit the circumstances for which the withdrawal charge may be waived. Your
financial professional can provide more information or you may contact our
processing office.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE


ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base. If you already own your
contract, the charge may be as much as 0.30% of the Annual Ratchet to age 85
benefit base. Please see Appendix IX later in this Prospectus or your contract
for more information.

GREATER OF 5% ROLL-UP TO AGE 85 (NO LONGER AVAILABLE). If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal to
0.50% of the greater of the 5% Roll-Up to age 85 or the Annual Ratchet to age 85
benefit base.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal to
0.60% of the greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85
benefit base. If you are an existing contract owner, your charge may be less.
Please see Appendix IX later in this Prospectus or your contract for more
information.

6% ROLL-UP TO AGE 85 (no longer available). If you elected the 6% Roll-Up to age
85 enhanced death benefit, we deduct a charge annually from your account value
on each contract date anniversary for which it is in effect. The charge is equal
to 0.45% of the 6% Roll-Up to age 85 benefit base.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VIII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is permitted
in your state) on a pro rata basis. If these amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (other
than the Special 10 year fixed maturity option) in the order of the earliest
maturity date(s) first. If such fixed maturity option amounts are insufficient,
we will deduct all or a portion of the charge from the account for special
dollar cost averaging. If such amounts are still insufficient, we will deduct
any remaining portion from the Special 10 year fixed maturity option. If the
contract is surrendered or annuitized or a death benefit is paid on a date other
than a contract date anniversary, we will deduct a pro rata portion of the
charge for that year. If you are an existing contract owner, this pro rata
deduction may not apply under your contract. Please see Appendix IX later in
this Prospectus for more information. A market value adjustment will apply to
deductions from the fixed maturity options (including the Special 10 year fixed
maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

There is no charge if you exercise the Guaranteed minimum death
benefit/Guaranteed minimum income benefit roll-up benefit base reset option.

STANDARD DEATH BENEFIT. There is no additional charge for the standard death
benefit.

GUARANTEED PRINCIPAL BENEFIT OPTION 2

If you purchase GPB Option 2, we deduct a charge annually from your account
value on the first 10 contract date anniversaries. The charge is equal to 0.50%
of the account value. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option (see Appendix VIII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct any remaining portion of the charge from amounts in
any fixed maturity options (other than the Special 10 year fixed maturity
option) in the order of the earliest maturity date(s) first. If such

                                                        Charges and expenses  65



amounts are insufficient, we will deduct all or a portion from the account for
special dollar cost averaging. If such amounts are still insufficient, we will
deduct any remaining portion from the Special 10 year fixed maturity option. If
the contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of the
charge for that year. If you are an existing contract owner, this pro rata
deduction may not apply under your contract. Please see Appendix IX later in
this Prospectus. A market value adjustment will apply to deductions from the
fixed maturity options (including the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


GUARANTEED MINIMUM INCOME BENEFIT (THE "LIVING BENEFIT") CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as you
exercise the Guaranteed minimum income benefit, elect another annuity payout
option, or the contract date anniversary after the annuitant reaches age 85,
whichever occurs first. The charge is equal to 0.65% of the applicable benefit
base in effect on the contract date anniversary. If you already own your
contract your charge may be less. Please see Appendix IX later in this
Prospectus or your Prospectus for the charge that applies under your contract.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VIII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is permitted
in your state) on a pro rata basis. If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options in the
order of the earliest maturity date(s) first. If such fixed maturity option
amounts are still insufficient, we will deduct all or a portion of the charge
from the account for special dollar cost averaging. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year. If you are an existing contract owner, this pro rata deduction may
not apply under your contract. Please see Appendix IX later in this Prospectus
for more information. A market value adjustment will apply to deductions from
the fixed maturity options (including the Special 10 year fixed maturity option,
if available).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


There is no charge if you exercise the Guaranteed minimum death
benefit/guaranteed minimum income benefit roll-up benefit base reset option or
for the Guaranteed minimum income benefit no lapse guarantee. This option is not
available under all contracts.


PROTECTION PLUS(SM) CHARGE


If you elect Protection Plus(SM), we deduct a charge annually from your account
value on each contract date anniversary for which it is in effect. The charge is
equal to 0.35% of the account value on each contract date anniversary. We will
deduct this charge from your value in the variable investment options and the
guaranteed interest option on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (other than the Special 10 year fixed maturity option) in the
order of the earliest maturity date(s) first. If such fixed maturity option
amounts are insufficient, we will deduct all or a portion of the charge from the
account for special dollar cost averaging. If such amounts are still
insufficient, we will deduct any remaining portion from the Special 10 year
fixed maturity option. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will deduct
a pro rata portion of the charge for that year. If you are an existing contract
owner, this pro rata deduction may not apply under your contract. Please see
Appendix IX later in this Prospectus. A market value adjustment will apply to
deductions from the fixed maturity options (including the Special 10 year fixed
maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

PRINCIPAL PROTECTOR(SM) CHARGE


If you elect Principal Protector(SM), we deduct a charge annually as a
percentage of your account value on each contract date anniversary. If you elect
the 5% GWB Annual withdrawal option, the charge is equal to 0.35%. If you elect
the 7% GWB Annual withdrawal option, the charge is equal to 0.50%. We will
deduct this charge from your value in the variable investment options and the
guaranteed interest option (see Appendix VIII later in this Prospectus to see if
deducting this charge from the guaranteed interest option is permitted in your
state) on a pro rata basis. If those amounts are insufficient, we will deduct
all or a portion of the charge from the fixed maturity options in the order of
the earliest maturity date(s) first. If the contract is surrendered or
annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year. If
you are an existing contract owner, this pro rata deduction may not apply under
your contract. Please see Appendix IX later in this Prospectus. If you die, and
your beneficiary continues Principal Protector(SM) under the Beneficiary
continuation option, we will not deduct a pro rata portion of the charge upon
your death. However, the Principal Protector(SM) charge will continue. A market
value adjustment will apply to deductions from the fixed maturity options.


If your GWB benefit base falls to zero but your contract is still in force, the
charge will be suspended as of the next contract date anniversary. The charge
will be reinstated, as follows: (i) if you make a subsequent contribution, we
will reinstate the charge that was in effect at the time your GWB benefit base
became depleted, (ii) if you elect to exercise the Optional step up provision,
we will reinstate a charge, as discussed immediately below, and (iii) if your
beneficiary elects the Beneficiary continuation option and reinstates the
Principal Protector(SM) benefit with a one time step up, we will reinstate the
charge that was in effect when the GWB benefit base fell to zero.

66  Charges and expenses


If your beneficiary elects the Beneficiary continuation option, and is eligible
to continue Principal Protector(SM), the benefit and the charge will continue
unless your beneficiary tells us to terminate the benefit at the time of
election.


OPTIONAL STEP UP CHARGE. Every time you elect the Optional step up, we reserve
the right to raise the benefit charge at the time of the step up. The maximum
charge for Principal Protector(SM) with a 5% GWB Annual withdrawal option is
0.60%. The maximum charge for Principal Protector(SM) with a 7% GWB Annual
withdrawal amount option is 0.80%. The increased charge, if any, will apply as
of the next contract date anniversary following the step up and on all contract
anniversaries thereafter.


If you die and your beneficiary elects the Beneficiary continuation option, if
available, a one time step up only (at no additional charge) is applicable. For
more information on the Optional step up, one time step up and Automatic reset
provisions, see "Principal Protector(SM) " in "Contract features and benefits."

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.

VARIABLE IMMEDIATE ANNUITY ANNUITIZATION PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity annuitization payout option. This option may not be available
at the time you elect to annuitize or it may have a different charge.

CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o   Management fees ranging from 0.05% to 1.40%.

o   12b-1 fees of either 0.25% or 0.35%.


o   Operating expenses, such as trustees' fees, independent public accounting
    firms' fees, legal counsel fees, administrative service fees, custodian fees
    and liability insurance.

o   Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees and
expenses, including management fees, operating expenses, and investment related
expenses such as brokerage commissions. For more information about these
charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS


For certain group or sponsored arrangements, we may reduce the withdrawal charge
or the mortality and expense risks charge, or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to 12b-1 fees.
Group arrangements include those in which a trustee or an employer, for example,
purchases contracts covering a group of individuals on a group basis. Group
arrangements are not available for IRA contracts. Sponsored arrangements include
those in which an employer allows us to sell contracts to its employees or
retirees on an individual basis.


Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts or
that have been in existence less than six months will not qualify for reduced
charges.

We also may establish different rates to maturity for the fixed maturity options
under different classes of contracts for group or sponsored arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these and
other applicable laws on such programs. We recommend that employers, trustees,
and others purchasing or making contracts available for purchase under such
programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

                                                        Charges and expenses  67


6. Payment of death benefit

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YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In a
QP contract, the beneficiary must be the trustee. Where an NQ contract is owned
for the benefit of a minor pursuant to the Uniform Gift to Minors Act or the
Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. We determine the amount of the
death benefit (other than the applicable Guaranteed minimum death benefit) and
any amount applicable under the Protection Plus(SM) feature, as of the date we
receive satisfactory proof of the annuitant's death, any required instructions
for the method of payment, forms necessary to effect payment and any other
information we may require. The amount of the applicable Guaranteed minimum
death benefit will be such Guaranteed minimum death benefit as of the date of
the annuitant's death adjusted for any subsequent withdrawals. For Rollover TSA
contracts with outstanding loans, we will reduce the amount of the death benefit
by the amount of the outstanding loan, including any accrued but unpaid interest
on the date that the death benefit payment is made.


Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the death
benefit amount begins within one year following the date of death, which payment
may not occur if the beneficiary has failed to provide all required information
before the end of that period, (ii) we will not apply the predetermined death
benefit payout election if doing so would violate any federal income tax rules
or any other applicable law, and (iii) a beneficiary or a successor owner who
continues the contract under one of the continuation options described below
will have the right to change your annuity payout election.

EFFECT OF THE ANNUITANT'S DEATH

If the annuitant dies before the annuity payments begin, we will pay the death
benefit to your beneficiary.

Generally, the death of the annuitant terminates the contract. However, a
surviving spouse who is the sole primary beneficiary of the deceased
owner/annuitant can choose to be treated as the successor owner/annuitant and
continue the contract. The Successor owner/ annuitant feature is only available
under NQ and individually owned IRA contracts (other than Inherited IRAs).

For NQ and all types of IRA contracts, a beneficiary may be able to have limited
ownership as discussed under "Beneficiary continuation option" below.

WHEN AN NQ CONTRACT OWNER DIES BEFORE THE ANNUITANT

Under certain conditions the owner changes after the original owner's death for
purposes of receiving required distributions from the contract. When you are not
the annuitant under an NQ contract and you die before annuity payments begin,
unless you specify otherwise, the beneficiary named to receive the death benefit
upon the annuitant's death will become the successor owner. If you do not want
this beneficiary to be the successor owner, you should name a specific successor
owner. You may name a successor owner at any time during your life by sending
satisfactory notice to our processing office. If the contract is jointly owned
and the first owner to die is not the annuitant, the surviving owner becomes the
sole contract owner. This person will be considered the successor owner for
purposes of the distribution rules described in this section. The surviving
owner automatically takes the place of any other beneficiary designation.

You should carefully consider the following if you have elected the Guaranteed
minimum income benefit and you are the owner, but not the annuitant. Because the
payments under the Guaranteed minimum income benefit are based on the life of
the annuitant, and the federal tax law required distributions described below
are based on the life of the successor owner, a successor owner who is not also
the annuitant may not be able to exercise the Guaranteed minimum income benefit
if you die before annuity payments begin. Therefore, one year before you become
eligible to exercise the Guaranteed minimum income benefit you should consider
the effect of your beneficiary designations on potential payments after your
death. For more information, see "Exercise rules" under "Guaranteed minimum
income benefit option" in "Contract features and benefits" earlier in this
Prospectus.

Unless the surviving spouse of the owner who has died (or in the case of a joint
ownership situation, the surviving spouse of the first owner to die) is the
successor owner for this purpose, the entire interest in the contract must be
distributed under the following rules:

o   The cash value of the contract must be fully paid to the successor owner
    (new owner) within five years after your death (the "5-year rule"), or in a
    joint ownership situation, the death of the first owner to die.

o   If Principal Protector(SM) was elected and if the "5-year rule" is elected
    and the successor owner dies prior to the end of the fifth year, we will pay
    any remaining account value in a lump sum and the con-

68  Payment of death benefit


    tract and any remaining GWB benefit base will terminate without value. The
    successor owner should consult with a tax adviser before choosing to use the
    "5-year rule." The GWB benefit base may be adversely affected if the
    successor owner makes any withdrawals that cause a GWB Excess withdrawal.
    Also, when the contract terminates at the end of 5 years, any remaining GWB
    benefit base would be lost. If you elect Principal Protector(SM), the
    successor owner has the option to terminate the benefit and charge upon
    receipt by us of due proof of death and notice to discontinue the benefit;
    otherwise, the benefit and charge will automatically continue.

o   The successor owner may instead elect to receive the cash value as a life
    annuity (or payments for a period certain of not longer than the successor
    owner's life expectancy). Payments must begin within one year after the
    non-annuitant owner's death. Unless this alternative is elected, we will pay
    any cash value five years after your death (or the death of the first owner
    to die).

o   A successor owner should consider naming a new beneficiary.

If the surviving spouse is the successor owner or joint owner, the spouse may
elect to continue the contract. No distributions are required as long as the
surviving spouse and annuitant are living.

An eligible successor owner, including a surviving joint owner after the first
owner dies, may elect the beneficiary continuation option for NQ contracts
discussed in "Beneficiary continuation option" below.

HOW DEATH BENEFIT PAYMENT IS MADE


We will pay the death benefit to the beneficiary in the form of the annuity
payout option you have chosen. If you have not chosen an annuity payout option
as of the time of the annuitant's death, the beneficiary will receive the death
benefit in a single sum. Payment of the death benefit in a lump sum terminates
all rights and any applicable guarantees under the contract, including
Guaranteed minimum income benefit, GPB Options 1 and 2 and Principal
Protector(SM). However, subject to any exceptions in the contract, our rules and
any applicable requirements under federal income tax rules, the beneficiary may
elect to apply the death benefit to one or more annuity payout options we offer
at the time. See "Your annuity payout options" in "Accessing your money" earlier
in this Prospectus. Please note that any annuity payout option chosen may not
extend beyond the life expectancy of the beneficiary.


SUCCESSOR OWNER AND ANNUITANT

If you are both the contract owner and the annuitant, and your spouse is the
sole primary beneficiary or the joint owner, then your spouse may elect to
receive the death benefit or continue the contract as successor owner/annuitant.
The successor owner/annuitant must be 85 or younger as of the date of the
non-surviving spouse's death.


If your surviving spouse decides to continue the contract, then as of the date
we receive satisfactory proof of your death, any required instructions,
information and forms necessary to effect the Successor owner/annuitant feature,
we will increase the account value to equal your elected Guaranteed minimum
death benefit as of the date of your death if such death benefit is greater than
such account value, plus any amount applicable under the Protection Plus(SM)
feature, and adjusted for any subsequent withdrawals. The increase in the
account value will be allocated to the investment options according to the
allocation percentages we have on file for your contract. Thereafter, withdrawal
charges will no longer apply to contributions made before your death. Withdrawal
charges will apply if additional contributions are made. These additional
contributions will be considered to be withdrawn only after all other amounts
have been withdrawn. In determining whether your applicable Guaranteed minimum
death benefit option will continue to grow, we will use your surviving spouse's
age as of the date we receive satisfactory proof of your death, any required
instructions and the information and forms necessary to effect the successor
owner/annuitant feature.


We will determine whether your applicable Guaranteed minimum death benefit
option will continue as follows:

o   If the successor owner/annuitant is age 75 or younger on the date of the
    original owner/annuitant's death, and the original owner/ annuitant was age
    84 or younger at death, the Guaranteed minimum death benefit continues based
    upon the option that was elected by the original owner/annuitant and will
    continue to grow according to its terms until the contract date anniversary
    following the date the successor owner/annuitant reaches age 85.

o   If the successor owner/annuitant is age 75 or younger on the date of the
    original owner/annuitant's death, and the original owner/ annuitant was age
    85 or older at death, we will reinstate the Guaranteed minimum death benefit
    that was elected by the original owner/annuitant. The benefit will continue
    to grow according to its terms until the contract date anniversary following
    the date the successor owner/annuitant reaches age 85.

o   If the successor owner/annuitant is age 76 or over on the date of the
    original owner/annuitant's death, the Guaranteed minimum death benefit will
    no longer grow, and we will no longer charge for the benefit.

If you elect Principal Protector(SM), the benefit and charge will remain in
effect. If the GWB benefit base is zero at the time of your death, and the
charge had been suspended, the charge will be reinstated if any of the events,
described in "Principal Protector(SM) charge" in "Charges and expenses" earlier
in this Prospectus, occur. The GWB benefit base will not automatically be
stepped up to equal the account value, if higher, upon your death. Your spouse
must wait five complete years from the prior step up or from contract issue,
whichever is later, in order to be eligible for the Optional step up. For more
information, see "Principal Protector(SM)" in "Contract features and benefits"
earlier in this Prospectus.

Where an NQ contract is owned by a Living Trust, as defined in the contract, and
at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account, and
your spouse is the sole beneficiary of the account, the custodian may request
that the spouse be substituted as annuitant after your death.

                                                    Payment of death benefit  69


For information on the operation of the successor owner/annuitant feature with
the Guaranteed minimum income benefit, see "Exercise of Guaranteed minimum
income benefit" under "Guaranteed minimum income benefit option" in "Contract
features and benefits," earlier in this Prospectus. For information on the
operation of this feature with Protection Plus(SM), see "Protection Plus(SM)" in
"Guaranteed minimum death benefit" under "Contract features and benefits,"
earlier in this Prospectus.

SPOUSAL PROTECTION

SPOUSAL PROTECTION OPTION FOR NQ CONTRACTS ONLY. This feature permits spouses
who are joint contract owners to increase the account value to equal the
guaranteed minimum death benefit, if higher, and by the value of any Protection
Plus(SM) benefit, if elected, upon the death of either spouse. This account
value "step up" occurs even if the surviving spouse was the named annuitant. If
you and your spouse jointly own the contract and one of you is the named
annuitant, you may elect the Spousal protection option at the time you purchase
your contract at no additional charge. Both spouses must be between the ages of
20 and 70 at the time the contract is issued and must each be named the primary
beneficiary in the event of the other's death.

The annuitant's age is generally used for the purpose of determining contract
benefits. However, for the Annual Ratchet to age 85 and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 guaranteed minimum death benefits
and the Protection Plus(SM) benefit, the benefit is based on the older spouse's
age. The older spouse may or may not be the annuitant. However, for purposes of
the Guaranteed minimum death benefit/guaranteed minimum income benefit roll-up
benefit base reset option, the last age at which the benefit base may be reset
is based on the annuitant's age, not the older spouse's age.

If the annuitant dies prior to annuitization, the surviving spouse may elect to
receive the death benefit, including the value of the Protection Plus(SM)
benefit, or, if eligible, continue the contract as the sole owner/ annuitant by
electing the successor owner/annuitant option. If the non-annuitant spouse dies
prior to annuitization, the surviving spouse continues the contract
automatically as the sole owner/annuitant. In either case, the contract would
continue, as follows:

o   As of the date we receive due proof of the spouse's death, the account value
    will be reset to equal the Guaranteed minimum death benefit as of the date
    of the non-surviving spouse's death, if higher, increased by the value of
    the Protection Plus(SM) benefit.

o   The Guaranteed minimum death benefit continues to be based on the older
    spouse's age for the life of the contract, even if the younger spouse is
    originally or becomes the sole owner/annuitant.

o   The Protection Plus(SM) benefit will now be based on the surviving spouse's
    age at the date of the non-surviving spouse's death for the remainder of the
    life of the contract. If the benefit had been previously frozen because the
    older spouse had attained age 80, it will be reinstated if the surviving
    spouse is age 75 or younger. The benefit is then frozen on the contract date
    anniversary after the surviving spouse reaches age 80. If the surviving
    spouse is age 76 or older, the benefit will be discontinued even if the
    surviving spouse is the older spouse (upon whose age the benefit was
    originally based).

o   The Guaranteed minimum income benefit may continue if the benefit had not
    already terminated and the benefit will be based on the successor
    owner/annuitant, if applicable. See "Guaranteed minimum income benefit" in
    "Contract features and benefits" earlier in this Prospectus.

o   If the annuitant dies first, withdrawal charges will no longer apply to any
    contributions made prior to the annuitant's death. If the non-annuitant
    spouse dies first, the withdrawal charge schedule remains in effect with
    regard to all contributions.

o   If you elect Principal Protector(SM), the benefit and charge will remain in
    effect. If your GWB benefit base is zero at the time of your death, and the
    charge had been suspended, the charge will be reinstated if any of the
    events, described in "Principal Protector(SM) charge" in "Charges and
    expenses" earlier in this Prospectus, occur. The GWB benefit base will not
    automatically be stepped up to equal the account value, if higher, upon your
    death. Your spouse must wait five complete years from the prior step up or
    from contract issue, whichever is later, in order to be eligible for the
    Optional step up. For more information, see "Principal Protector(SM)" in
    "Contract features and benefits" earlier in this Prospectus.

We will not allow Spousal protection to be added after contract issue. If there
is a change in owner or primary beneficiary, the Spousal protection benefit will
be terminated. If you divorce but do not change the owner or primary
beneficiary, Spousal protection continues.


If you are an existing contract owner, this feature may not be available to you.
See Appendix IX later in this Prospectus for more information about your
contract.


BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak with
your financial professional or see Appendix VIII later in this Prospectus for
further information.

Where an IRA contract is owned in a custodial individual retirement account, the
custodian may reinvest the death benefit in an individual retirement annuity
contract, using the account beneficiary as the annuitant. Please speak with your
financial professional for further information.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS ONLY.
The beneficiary continuation option must be elected by September 30th of the
year following the calendar year of your death and before any other inconsistent
election is made. Beneficiaries who do not make a timely election will not be
eligible for this option. If the election is made, then, as of the date we
receive satisfactory proof of death, any required instructions, information and
forms necessary to effect the beneficiary continuation option feature, we will
increase the account value to equal the applicable death benefit if such death
benefit is greater than such account value, plus any amount applicable under the
Protection Plus(SM) feature, adjusted for any subsequent withdrawals.

70  Payment of death benefit


Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later than
December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under Roth
IRA contracts. If the beneficiary chooses this option, the beneficiary may take
withdrawals as desired, but the entire account value must be fully withdrawn by
December 31st of the calendar year which contains the fifth anniversary of your
death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o   The contract continues in your name for the benefit of your beneficiary.

o   This feature is only available if the beneficiary is an individual. Certain
    trusts with only individual beneficiaries will be treated as individuals for
    this purpose.

o   If there is more than one beneficiary, each beneficiary's share will be
    separately accounted for. It will be distributed over the beneficiary's own
    life expectancy, if payments over life expectancy are chosen.

o   The minimum amount that is required in order to elect the beneficiary
    continuation option is $5,000 for each beneficiary.

o   The beneficiary may make transfers among the investment options but no
    additional contributions will be permitted.

o   If you had elected the Guaranteed minimum income benefit, an optional
    enhanced death benefit, GPB Option 2 or Principal Protector(SM) (in certain
    circumstances) under the contract, they will no longer be in effect and
    charges for such benefits will stop. Also, any Guaranteed minimum death
    benefit feature will no longer be in effect. See below for certain
    circumstances where Principal Protector(SM) may continue to apply.

o   The beneficiary may choose at any time to withdraw all or a portion of the
    account value and no withdrawal charges, if any, will apply.

o   Any partial withdrawal must be at least $300.

o   Your beneficiary will have the right to name a beneficiary to receive any
    remaining interest in the contract.

o   Upon the death of your beneficiary, the beneficiary he or she has named has
    the option to either continue taking required minimum distributions based on
    the remaining life expectancy of the deceased beneficiary or to receive any
    remaining interest in the contract in a lump sum. The option elected will be
    processed when we receive satisfactory proof of death, any required
    instructions for the method of payment and any required information and
    forms necessary to effect payment.

o   If you had elected Principal Protector(SM), your spousal beneficiary may not
    continue Principal Protector(SM), and the benefit will terminate without
    value, even if the GWB benefit base is greater than zero. In general,
    spousal beneficiaries who wish to continue Principal Protector(SM) should
    consider continuing the contract under the Successor owner and annuitant
    feature, if eligible. In general, eligibility requires that your spouse must
    be the sole primary beneficiary. Please see "Successor owner and annuitant"
    in "How death benefit payment is made" under "Payment of death benefit"
    earlier in this Prospectus for further details. If there are multiple
    beneficiaries who elect the Beneficiary continuation option, the spousal
    beneficiary may continue the contract without Principal Protector(SM) and
    non-spousal beneficiaries may continue with Principal Protector(SM). In this
    case, the spouse's portion of the GWB benefit base will terminate without
    value.

o   If you had elected Principal Protector(SM), your non-spousal beneficiary may
    continue the benefit, as follows:

    o   The beneficiary was 75 or younger on the original contract date.

    o   The benefit and charge will remain in effect unless your benefi ciary
        tells us to terminate the benefit at the time of the Beneficiary
        continuation option election.

    o   One time step up: Upon your death, if your account value is greater than
        the GWB benefit base, the GWB benefit base will be automatically stepped
        up to equal the account value, at no additional charge. If Principal
        Protector(SM) is not in effect at the time of your death because the GWB
        benefit base is zero, the beneficiary may reinstate the benefit (at the
        charge that was last in effect) with the one time step up. If the
        beneficiary chooses not to reinstate the Principal Protector(SM) at the
        time the Beneficiary continuation option is elected, Principal
        Protector(SM) will terminate.

    o   If there are multiple beneficiaries each beneficiary's interest in the
        GWB benefit base will be separately accounted for.

    o   As long as the GWB benefit base is $5,000 or greater, the benefi ciary
        may elect the Beneficiary continuation option and continue Principal
        Protector(SM) even if the account value is less than $5,000.

    o   If scheduled payments are elected, the beneficiary's scheduled payments
        will be calculated, using the greater of the account value or the GWB
        benefit base, as of each December 31. If the beneficiary dies prior to
        receiving all payments, we will make the remaining payments to the
        person designated by the deceased non-spousal beneficiary, unless that
        person elects to take any remaining account value in a lump sum, in
        which case any remaining GWB benefit base will terminate without value.

    o   If the "5-year rule" is elected and the beneficiary dies prior to the
        end of the fifth year, we will pay any remaining account value in a lump
        sum and the contract and any remaining GWB benefit base will terminate
        without value.

    o   Provided no other withdrawals are taken during a contract year while the
        beneficiary receives scheduled payments, the scheduled payments will not
        cause a GWB Excess withdrawal, even if they exceed the GWB Annual
        withdrawal amount. If the beneficiary

                                                    Payment of death benefit  71


        takes any other withdrawals while the Beneficiary continuation option
        scheduled payments are in effect, the GWB Excess withdrawal exception
        terminates permanently. In order to take advantage of this exception,
        the beneficiary must elect the scheduled payments rather than the
        "5-year rule." If the beneficiary elects the "5-year rule," there is no
        exception.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies before
the annuity maturity date, whether or not the owner and the annuitant are the
same person. If the owner and annuitant are different and the owner dies before
the annuitant, for purposes of this discussion, "beneficiary" refers to the
successor owner. For a discussion of successor owner, see "When an NQ contract
owner dies before the annuitant" earlier in this section. This feature must be
elected within 9 months following the date of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life expectancy.
If the beneficiary chooses the 5-year rule, there will be no scheduled payments.
Under the 5-year rule, the beneficiary may take withdrawals as desired, but the
entire account value must be fully withdrawn by the fifth anniversary of your
death.

Under the beneficiary continuation option for NQ contracts (regardless of
whether the owner and annuitant are the same person):

o   This feature is only available if the beneficiary is an individual. It is
    not available for any entity such as a trust, even if all of the
    beneficiaries of the trust are individuals.

o   The contract continues in your name for the benefit of your beneficiary.

o   If there is more than one beneficiary, each beneficiary's share will be
    separately accounted for. It will be distributed over the respective
    beneficiary's own life expectancy, if scheduled payments are chosen.

o   The minimum amount that is required in order to elect the beneficiary
    continuation option is $5,000 for each beneficiary.

o   The beneficiary may make transfers among the investment options but no
    additional contributions will be permitted.

o   If you had elected the Guaranteed minimum income benefit, an optional
    enhanced death benefit, GPB Option 2 or Principal Protector(SM) (in certain
    circumstances) under the contract, they will no longer be in effect and
    charges for such benefits will stop. Also, any Guaranteed minimum death
    benefit feature will no longer be in effect. See below for certain
    circumstances where Principal Protector(SM) may continue to apply.

o   If the beneficiary chooses the "5-year rule," withdrawals may be made at any
    time. If the beneficiary instead chooses scheduled payments, the beneficiary
    must also choose between two potential withdrawal options at the time of
    election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
    cannot later withdraw funds in addition to the scheduled payments the
    beneficiary is receiving; "Withdrawal Option 1" permits total surrender
    only. "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
    addition to scheduled payments, at any time. However, the scheduled payments
    under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
    payments." See "Taxation of nonqualified annuities" in "Tax Information"
    later in this Prospectus.

o   Any partial withdrawals must be at least $300.

o   Your beneficiary will have the right to name a beneficiary to receive any
    remaining interest in the contract on the beneficiary's death.

o   Upon the death of your beneficiary, the beneficiary he or she has named has
    the option to either continue taking scheduled payments based on the
    remaining life expectancy of the deceased beneficiary (if scheduled payments
    were chosen) or to receive any remaining interest in the contract in a lump
    sum. We will pay any remaining interest in the contract in a lump sum if
    your beneficiary elects the 5-year rule. The option elected will be
    processed when we receive satisfactory proof of death, any required
    instructions for the method of payment and any required information and
    forms necessary to effect payment.

o   If you had elected Principal Protector(SM), your spousal beneficiary may not
    continue Principal Protector(SM), and the benefit will terminate without
    value, even if the GWB benefit base is greater than zero. In general,
    spousal beneficiaries who wish to continue Principal Protector(SM) should
    consider continuing the contract under the Successor owner and annuitant
    feature, if eligible. In general, eligibility requires that you must be the
    owner and annuitant and your spouse must be the sole primary beneficiary.
    Please see "Successor owner and annuitant" in "How death benefit payment is
    made" under "Payment of death benefit" earlier in this Prospectus for
    further details. If there are multiple beneficiaries who elect the
    Beneficiary continuation option, the spousal beneficiary may continue the
    contract without Principal Protector(SM) and non-spousal beneficiaries may
    continue with Principal Protector(SM). In this case, the spouse's portion of
    the GWB benefit base will terminate without value.

o   If the non-spousal beneficiary chooses scheduled payments under "Withdrawal
    Option 1," as discussed above in this section, Principal Protector(SM) may
    not be continued and will automatically terminate without value even if the
    GWB benefit base is greater than zero.

o   If you had elected Principal Protector(SM), your non-spousal beneficiary may
    continue the benefit, as follows:

    o   The beneficiary was 75 or younger on the original contract date.

    o   The benefit and charge will remain in effect unless your benefi ciary
        tells us to terminate the benefit at the time of the Beneficiary
        continuation option election.

    o   One time step up: Upon your death, if your account value is greater than
        the GWB benefit base, the GWB benefit base will be automatically stepped
        up to equal the account value, at no additional charge. If Principal
        Protector(SM) is not in effect at the time of

72  Payment of death benefit


        your death because the GWB benefit base is zero, the beneficiary may
        reinstate the benefit (at the charge that was last in effect) with the
        one time step up. If the beneficiary chooses not to reinstate the
        Principal Protector(SM) at the time the Beneficiary continuation option
        is elected, Principal Protector(SM) will terminate.

    o   If there are multiple beneficiaries, each beneficiary's interest in the
        GWB benefit base will be separately accounted for.

    o   As long as the GWB benefit base is $5,000 or greater, the benefi ciary
        may elect the Beneficiary continuation option and continue Principal
        Protector(SM) even if the account value is less than $5,000.

    o   If scheduled payments under "Withdrawal Option 2" is elected, the
        beneficiary's scheduled payments will be calculated using the greater of
        the account value or the GWB benefit base, as of each December 31. If
        the beneficiary dies prior to receiving all payments, we will make the
        remaining payments to the person designated by the deceased non-spousal
        beneficiary, unless that person elects to take any remaining account
        value in a lump sum, in which case any remaining GWB benefit base will
        terminate without value.

    o   If the "5-year rule" is elected and the beneficiary dies prior to the
        end of the fifth year, we will pay any remaining account value in a lump
        sum and the contract and any remaining GWB benefit base will terminate
        without value.

    o   Provided no other withdrawals are taken during a contract year while the
        beneficiary receives scheduled payments, the scheduled payments will not
        cause a GWB Excess withdrawal, even if they exceed the GWB Annual
        withdrawal amount. If the beneficiary takes any other withdrawals while
        the Beneficiary continuation option scheduled payments are in effect,
        the GWB Excess withdrawal exception terminates permanently. In order to
        take advantage of this exception, the beneficiary must elect scheduled
        payments under "Withdrawal Option 2" rather than the "5-year rule." If
        the beneficiary elects the "5-year rule," there is no exception.

If you are both the owner and annuitant:

o   As of the date we receive satisfactory proof of death, any required
    instructions, information and forms necessary to effect the beneficiary
    continuation option feature, we will increase the annuity account value to
    equal the applicable death benefit if such death benefit is greater than
    such account value, plus any amount applicable under the Protection Plus(SM)
    feature, adjusted for any subsequent withdrawals.

o   No withdrawal charges will apply to any withdrawals by the beneficiary.

If the owner and annuitant are not the same person:

o   If the beneficiary continuation option is elected, the beneficiary
    automatically becomes the new annuitant of the contract, replacing the
    existing annuitant.

o   The annuity account value will not be reset to the death benefit amount.

o   The contract's withdrawal charge schedule will continue to be applied to any
    withdrawal or surrender other than scheduled payments; the contract's free
    corridor amount will continue to apply to withdrawals but does not apply to
    surrenders.

o   We do not impose a withdrawal charge on scheduled payments except if, when
    added to any withdrawals previously taken in the same contract year,
    including for this purpose a contract surrender, the total amount of
    withdrawals and scheduled payments exceed the free corridor amount. See the
    "Withdrawal charges" in "Charges and expenses" earlier in this Prospectus.

If a contract is jointly owned:

o   The surviving owner supersedes any other named beneficiary and may elect the
    beneficiary continuation option.

o   If the deceased joint owner was also the annuitant, see "If you are both the
    owner and annuitant" earlier in this section.

o   If the deceased joint owner was not the annuitant, see "If the owner and
    annuitant are not the same person" earlier in this section.

                                                    Payment of death benefit  73


7.  Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) contracts owned by United States
individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change without
notice. We cannot predict whether, when, or how these rules could change. Any
change could affect contracts purchased before the change. Congress may also
consider proposals in the future to comprehensively reform or overhaul the
United States tax and retirement systems, which if enacted, could affect the tax
benefits of a contract We cannot predict what, if any, legislation will actually
be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state income
and other state taxes, federal income tax and withholding rules for non-U.S.
taxpayers, or federal gift and estate taxes. Transfers of the contract, rights
or values under the contract, or payments under the contract, for example,
amounts due to beneficiaries, may be subject to federal or state gift, estate,
or inheritance taxes. You should not rely only on this document, but should
consult your tax adviser before your purchase.


BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b) Arrangements
("TSAs"), respectively: an IRA or 403(b) annuity contract such as this one, or
an IRA or 403(b)(7) custodial or other qualified account. Annuity contracts can
also be purchased in connection with retirement plans qualified under Code
Section 401 ("QP contracts"). How these arrangements work, including special
rules applicable to each, are described in the specific sections for each type
of arrangement, below. You should be aware that the funding vehicle for a
qualified arrangement does not provide any tax deferral benefit beyond that
already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator's(R) choice of death benefits, the
Principal Protector(SM) benefit, the Guaranteed minimum income benefit, special
dollar cost averaging, selection of variable investment options, guaranteed
interest option, fixed maturity options and its choices of payout options, as
well as the features and benefits of other permissible funding vehicles and the
relative costs of annuities and other arrangements. You should be aware that
cost may vary depending on the features and benefits made available and the
charges and expenses of the investment options or funds that you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to, the
guaranteed minimum income benefit and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase this
annuity contract or purchase additional features under this annuity contract.
See also Appendix II at the end of this Prospectus for a discussion of QP
contracts.

TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o   if a contract fails investment diversification requirements as specified in
    federal income tax rules (these rules are based on or are similar to those
    specified for mutual funds under the securities laws);

o   if you transfer a contract, for example, as a gift to someone other than
    your spouse (or former spouse);

o   if you use a contract as security for a loan (in this case, the amount
    pledged will be treated as a distribution); and

o   if the owner is other than an individual (such as a corporation,
    partnership, trust, or other non-natural person). This provision does not
    apply to a trust which is a mere agent or nominee for an individual, such as
    a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

74  Tax information


ANNUITY PAYMENTS

Once annuity payments begin, a portion of each payment is taxable as ordinary
income. You get back the remaining portion without paying taxes on it. This is
your "investment in the contract." Generally, your investment in the contract
equals the contributions you made, less any amounts you previously withdrew that
were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any unrecovered
investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the contract.
If you withdraw an amount which is more than the earnings in the contract as of
the date of the withdrawal, the balance of the distribution is treated as a
return of your investment in the contract and is not taxable.

PROTECTION PLUS(SM) FEATURE

In order to enhance the amount of the death benefit to be paid at the
annuitant's death, you may purchase a Protection Plus(SM) rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it is
possible that the IRS could take a contrary position or assert that the
Protection Plus(SM) rider is not part of the contract. In such a case the
charges for the Protection Plus(SM) rider could be treated for federal income
tax purposes as a partial withdrawal from the contract. If this were so, such a
deemed withdrawal could be taxable, and for contract owners under age 59-1/2,
also subject to a tax penalty. Were the IRS to take this position, AXA Equitable
would take all reasonable steps to attempt to avoid this result, which could
include amending the contract (with appropriate notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o   the contract that is the source of the funds you are using to purchase the
    NQ contract is another nonqualified deferred annuity contract or life
    insurance or endowment contract.

o   the owner and the annuitant are the same under the source contract and the
    Accumulator(R) NQ contract. If you are using a life insurance or endowment
    contract the owner and the insured must be the same on both sides of the
    exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required to
process this type of an exchange.


Section 1035 exchanges are generally not available after the death of the owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as ordinary
income (not capital gain) to the extent it exceeds your investment in the
contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option for
NQ contracts. See the discussion "Beneficiary continuation option for NQ
Contracts only" in "Payment of death benefit" earlier in this Prospectus. Among
other things, the IRS rules that:

o   scheduled payments under the beneficiary continuation option for NQ
    contracts satisfy the death of owner rules of Section 72(s)(2) of the Code,
    regardless of whether the beneficiary elects "Withdrawal Option 1" or
    "Withdrawal Option 2";

o   scheduled payments, any additional withdrawals under "Withdrawal Option 2",
    or contract surrenders under "Withdrawal Option 1" will only be taxable to
    the beneficiary when amounts are actually paid, regardless of the
    "Withdrawal Option" selected by the beneficiary;

o   a beneficiary who irrevocably elects scheduled payments with "Withdrawal
    Option 1" will receive "excludable amount" tax treatment on scheduled
    payments. See "Annuity payments" earlier in this section. If the beneficiary
    elects to surrender the contract before all scheduled payments are paid, the
    amount received upon surrender is a non-annuity payment taxable to the
    extent it exceeds any remaining investment in the contract.


The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken). The ruling also does not address the effect
of the retention of the Principal Protector(SM) feature discussed earlier in
this Prospectus under "Contract features and benefits," which a non-spousal
beneficiary may elect

                                                             Tax information  75


under certain conditions. Before electing the beneficiary continuation option
feature, the individuals you designate as beneficiary or successor owner should
discuss with their tax advisers the consequences of such elections.

The tax treatment of a withdrawal after the death of the owner taken as a single
sum or taken as withdrawals under the 5-year rule is generally the same as the
tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2, a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax. Some
of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   in the form of substantially equal periodic annuity payments for your life
    (or life expectancy), or the joint lives (or joint life expectancy) of you
    and a beneficiary, in accordance with IRS formulas.

INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as the
owner (for tax purposes) of the assets of Separate Accounts 45 and 49. If you
were treated as the owner, you would be taxable on income and gains attributable
to the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Accounts 45 and 49. The IRS has said that the owners of variable annuities will
not be treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and must
have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Accounts 45 and 49, there are some issues
that remain unclear. For example, the IRS has not issued any guidance as to
whether having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of the
assets of Separate Accounts 45 and 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from NQ
contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for U.S.
tax paid. Depending on your personal situation and the timing of the different
tax liabilities, you may not be able to take full advantage of this credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types of
such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds the
assets funding the account for the benefit of the IRA owner. The assets
typically include mutual funds and/or individual stocks and securities in a
custodial account, and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o   Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs
    and SIMPLE IRAs issued and funded in connection with employer-sponsored
    retirement plans; and

o   Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required to
combine IRA values or contributions for tax purposes. For further information
about individual retirement arrangements, you can read Internal Revenue Service
Publication 590 ("Individual Retirement Arrangements (IRAs)"). This publication
is usually updated annually, and can be obtained from any IRS district office or
the IRS website (www.irs.gov).


AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA or Roth IRA. The traditional IRAs we offer are
the Rollover IRA and Flexible Premium IRA. The versions of the Roth IRA
available are the Roth Conversion IRA and Flexible Premium Roth IRA. We also
offer the Inherited IRA for payment of post-death required minimum distributions
from traditional IRAs and Roth IRAs. This Prospectus contains the information
that the IRS requires you to have before you purchase an IRA. The first section
covers some of the special tax rules that apply to traditional IRAs. The next
section covers Roth IRAs. The disclosure generally assumes direct ownership of
the individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.


76  Tax information



We describe the amount and types of charges that may apply to your contributions
under "Charges and expenses" earlier in this Prospectus. We describe the method
of calculating payments under "Accessing your money" earlier in this Prospectus.
We do not guarantee or project growth in any variable income annuitization
option payment (as opposed to payments from a fixed income annuitization
option).

For some of the contracts covered by this Prospectus, we have received an
opinion letter from the IRS approving the respective forms of the Accumulator(R)
traditional and Roth IRA contracts for use as a traditional IRA and a Roth IRA,
respectively. For others, we have not applied for an opinion letter from the IRS
to approve the respective forms of the Accumulator(R) traditional and Roth IRA
contracts for use as a traditional and Roth IRA, respectively. We have submitted
the respective forms of the Accumulator(R) Inherited IRA beneficiary
continuation contract to the IRS for approval as to form for use as a
traditional IRA or Roth IRA, respectively. We do not know if and when any such
approval may be granted. This IRS approval is a determination only as to the
form of the annuity. It does not represent a determination of the merits of the
annuity as an investment. The contracts submitted for IRS approval do not
include every feature possibly available under any series of Accumulator(R)
traditional and Roth IRA contracts.


PROTECTION PLUS(SM) FEATURE

The Protection Plus(SM) feature is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Protection Plus(SM) feature qualifies as to form for use
as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) traditional and Roth IRA contracts. You should discuss with
your tax adviser whether you should consider purchasing an Accumulator(R) IRA or
Accumulator(R) Roth IRA with optional Protection Plus(SM) feature.

Your right to cancel within a certain number of days

You can cancel any version of the Accumulator(R) IRA contract (traditional IRA
or Roth IRA) by following the directions in "Your right to cancel with a certain
number of days" under "Contract features and benefits" earlier in this
Prospectus. If you cancel a traditional IRA or Roth IRA contract, we may have to
withhold tax, and we must report the transaction to the IRS. A contract
cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Contributions to traditional IRAs. Individuals may make three different types of
contributions to purchase a traditional IRA or as subsequent contributions to an
existing IRA:

o   "regular" contributions out of earned income or compensation; or


o   tax-free "rollover" contributions; or

o   direct custodian-to-custodian transfers from other traditional IRAs ("direct
    transfers").

Regular contributions to traditional IRAs


Limits on contributions. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable year.
The maximum regular contribution amount depends on age, earnings, and year,
among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000 your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch-up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be less
if earned income is less and the other spouse has made IRA contributions. No
more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional IRAs
and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. "Catch-up" contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.


Deductibility of contributions. The amount of traditional IRA contributions that
you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored tax-favored retirement plan, as defined under special federal
income tax rules. Your Form W-2 will indicate whether or not you are covered by
such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you can
make fully deductible contributions to your traditional IRAs for the taxable
year up to the maximum amount discussed earlier in this section under "Limits on
contributions". That is, for 2007, your fully deductible contribution can be up
to $4,000 ($5,000 for 2008), or if less, your earned income. The dollar limit is
$5,000 for people eligible to make age 50-70-1/2 catch-up contributions for 2007
($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower

                                                             Tax information  77



dollar figure in a phase-out range, you can make fully deductible contributions
to your traditional IRAs.


If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct any
of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible contributions
beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $75,000 and $85,000 in 2006. In 2007,
the deduction will phase out for AGI between $80,000 and $100,000. (For 2007,
AGI between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional IRA
contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI between
$150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000 after
adjustment.)


To determine the deductible amount of the contribution for 2006, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

($10,000-excess AGI)     times      the maximum      Equals      the adjusted
- -------------------        x          regular          =          deductible
divided by $10,000                 contribution                  contribution
                                   for the year                     limit


Additional "Saver's Credit" for contributions to a traditional IRA or Roth IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax return
and your adjusted gross income cannot exceed $50,000 ($52,000 after cost of
living indexing beginning in 2007). The amount of the tax credit you can get
varies from 10% of your contribution to 50% of your contribution and depends on
your income tax filing status and your adjusted gross income. The maximum annual
contribution eligible for the saver's credit is $2,000. If you and your spouse
file a joint return and each of you qualifies, each is eligible for a maximum
annual contribution of $2,000. Your saver's credit may also be reduced if you
take or have taken a taxable distribution from any plan eligible for a saver's
credit contribution -- even if you make a contribution to one plan and take the
distribution from another plan -- during the "testing period." The "testing
period" begins two years before the year for which you make the contribution and
ends when your tax return is due for the year for which you make the
contribution. Saver's-credit-eligible contributions may be made to a 401(k)
plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE IRA or SARSEP IRA,
as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 "catch-up" contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records pertaining
to such contributions until interests in all traditional IRAs are fully
distributed.

When you can make regular contributions. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make your
regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o   qualified plans;

o   governmental employer 457(b) plans;

o   TSAs (including Internal Revenue Code Section 403(b)(7) custo dial
    accounts); and

o   other traditional IRAs.

78  Tax information


Direct transfer contributions may only be made directly from one traditional IRA
to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o   Do it yourself:
    You actually receive a distribution that can be rolled over and you roll it
    over to a traditional IRA within 60 days after the date you receive the
    funds. The distribution from your eligible retirement plan will be net of
    20% mandatory federal income tax withholding. If you want, you can replace
    the withheld funds yourself and roll over the full amount.

o   Direct rollover:
    You tell the trustee or custodian of the eligible retirement plan to send
    the distribution directly to your traditional IRA issuer. Direct rollovers
    are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o   "required minimum distributions" after age 70-1/2 or retirement from service
    with the employer; or

o   substantially equal periodic payments made at least annually for your life
    (or life expectancy) or the joint lives (or joint life expectancies) of you
    and your designated beneficiary; or

o   substantially equal periodic payments made for a specified period of 10
    years or more; or

o   hardship withdrawals; or

o   corrective distributions that fit specified technical tax rules; or

o   loans that are treated as distributions; or

o   death benefit payments to a beneficiary who is not your surviving spouse; or

o   qualified domestic relations order distributions to a beneficiary who is not
    your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan, such as a traditional IRA, and subsequently take a premature
distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently than
once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement plan
under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result of
a court-ordered divorce or separation decree.


Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o   regular contributions of more than the maximum regular contri bution amount
    for the applicable taxable year; or

o   regular contributions to a traditional IRA made after you reach age 70-1/2;
    or

o   rollover contributions of amounts which are not eligible to be rolled over,
    for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income. It
is also not subject to the 10%

                                                             Tax information  79


additional penalty tax on early distributions, discussed later in this section
under "Early distribution penalty tax." You do have to withdraw any earnings
that are attributed to the excess contribution. The withdrawn earnings would be
included in your gross income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1) the rollover was from an eligible retirement plan to a traditional IRA;

(2) the excess contribution was due to incorrect information that the plan
    provided; and

(3) you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA (it
does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the end
of any year in which you have received a distribution from any traditional IRA,
you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus all
traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o   the amount received is a withdrawal of excess contributions, as described
    under "Excess contributions" earlier in this section; or

o   the entire amount received is rolled over to another traditional IRA or
    other eligible retirement plan which agrees to accept the funds. (See
    "Rollovers from eligible retirement plans other than traditional IRAs" under
    "Rollover and transfer contributions to traditional IRAs" earlier in this
    section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b) plan.
After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


Required minimum distributions

Background on Regulations--Required Minimum Distributions. Distributions must be
made from traditional IRAs according to rules contained in the Code and Treasury
Regulations. Beginning in 2006, certain provisions of the Treasury Regulations
require that the actuarial present value of additional annuity contract benefits
must be added to the dollar amount credited for purposes of calculating certain
types of required minimum distributions from individual retirement annuity
contracts. For this purpose additional annuity contract benefits may include,
but are not limited to, guaranteed minimum income benefits and enhanced death
benefits. This could increase the amount

80  Tax information


required to be distributed from these contracts if you take annual withdrawals
instead of annuitizing. Please consult your tax adviser concerning applicability
of these complex rules to your situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your Required Beginning Date, which
is April 1st of the calendar year after the calendar year in which you turn age
70-1/2. If you choose to delay taking the first annual minimum distribution,
then you will have to take two minimum distributions in that year -- the delayed
one for the first year and the one actually for that year. Once minimum
distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions. There are two approaches
to taking required minimum distributions -- "account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a period
certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional IRAs
and other retirement plans. For example, you can choose an annuity payout from
one IRA, a different annuity payout from a qualified plan and an account-based
annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount, you
may choose to take your annual required minimum distribution from any one or
more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method with
us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of

                                                             Tax information  81


the calendar year which contains the fifth anniversary of the owners death. No
distribution is required before that fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of choices.
Post-death distributions may be made over your spouse's single life expectancy.
Any amounts distributed after that surviving spouse's death are made over the
spouse's life expectancy calculated in the year of his/her death, reduced by one
for each subsequent year. In some circumstances, your surviving spouse may elect
to become the owner of the traditional IRA and halt distributions until he or
she reaches age 70-1/2, or roll over amounts from your traditional IRA into
his/her own traditional IRA or other eligible retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained age
70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules permit
the beneficiary to calculate post-death required minimum distribution amounts
based on the owner's life expectancy in the year of death. However, note that we
need an individual annuitant to keep an annuity contract in force. If the
beneficiary is not an individual, we must distribute amounts remaining in the
annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of the
annuitant.

Successor owner and annuitant

If your spouse is the sole primary beneficiary and elects to become the
successor owner and annuitant, no death benefit is payable until your surviving
spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA as
collateral for a loan or other obligation. If you borrow against your IRA or use
it as collateral, its tax-favored status will be lost as of the first day of the
tax year in which this prohibited event occurs. If this happens, you must
include the value of the traditional IRA in your federal gross income. Also, the
early distribution penalty tax of 10% may apply if you have not reached age
59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include
distributions:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   used to pay certain extraordinary medical expenses (special fed eral income
    tax definition); or

o   used to pay medical insurance premiums for unemployed indi viduals (special
    federal income tax definition); or

o   used to pay certain first-time home buyer expenses (special fed eral income
    tax definition; $10,000 lifetime total limit for these distributions from
    all your traditional and Roth IRAs); or

o   used to pay certain higher education expenses (special federal income tax
    definition); or

o   in the form of substantially equal periodic payments made at least annually
    over your life (or your life expectancy) or over the joint lives of you and
    your beneficiary (or your joint life expectancies) using an IRS-approved
    distribution method.


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments,
using your choice of IRS-approved methods we offer. Although substantially equal
withdrawals and Income Manager(SM) payments are not subject to the 10% penalty
tax, they are taxable as discussed in "Withdrawals, payments and transfers of
funds out of traditional IRAs" earlier in this section. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under either option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.


Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Roth IRA contract is designed to qualify as a Roth individual
retirement annuity under Sections 408A(b) and 408(b) of the Internal Revenue
Code.

82  Tax information


Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o   regular after-tax contributions out of earnings; or

o   taxable rollover contributions from traditional IRAs ("conversion"
    contributions); or

o   tax-free rollover contributions from other Roth arrangements; or

o   tax-free direct custodian-to-custodian transfers from other Roth IRAs
    ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA or a Flexible Premium Roth IRA contract. If you use the
forms we require, we will also accept traditional IRA funds which are
subsequently recharacterized as Roth IRA funds following special federal income
tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Regular contributions to Roth IRAs

Limits on regular contributions. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable year.
The maximum regular contribution amount depends on age, earnings, and year,
among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability to
contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years .

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):

o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is over $160,000 (for 2007, $166,000 after
    adjustment); or

o   your federal income tax filing status is "single" and your modified adjusted
    gross income is over $110,000 (for 2007, $114,000 after adjustment).

However, you can make regular Roth IRA contributions in reduced amounts when:

o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is between $150,000 and $160,000 (for 2007,
    between $156,000 and $166,000 after adjustment); or

o   your federal income tax filing status is "single" and your modified adjusted
    gross income is between $95,000 and $110,000 (for 2007, between $99,000 and
    $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross income
is between $0 and $10,000 the amount of regular contributions you are permitted
to make is phased out. If your modified adjusted gross income is more than
$10,000 you cannot make regular Roth IRA contributions.

When you can make contributions. Same as traditional IRAs.

Deductibility of contributions. Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian, trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o  another Roth IRA ("tax-free rollover contribution");

o  from a "designated Roth contribution account" under a 401(k) plan or a 403(b)
   arrangement;

o  another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
   rollover limitation period for SIMPLE IRA funds), in a taxable conversion
   rollover ("conversion contribution");


o  you may not make contributions to a Roth IRA from a qualified plan under
   section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
   the Internal Revenue Code or any other eligible retirement plan until 2008.
   You may make rollover contributions from a "designated Roth contribution
   account" under a 401(k) plan or a 403(b) arrangement which permits designated
   Roth elective deferral contributions to be made, beginning in 2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accom-

                                                             Tax information  83


plished on a completely tax-free basis. However, you may make Roth IRA to Roth
IRA rollover transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is generally
fully taxable. For this reason, we are required to withhold 10% federal income
tax from the amount converted unless you elect out of such withholding. If you
have ever made nondeductible regular contributions to any traditional IRA --
whether or not it is the traditional IRA you are converting -- a pro rata
portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.


The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
computed without the gross income stemming from the traditional IRA conversion.
Modified adjusted gross income for this purpose excludes any lifetime required
minimum distribution from a traditional IRA.) You also cannot make conversion
contributions to a Roth IRA for any taxable year in which your federal income
tax filing status is "married filing separately."


You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you reconvert
during either of these periods, it will be a failed Roth IRA conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as includible
in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must have
the contribution transferred from the first IRA (the one to which it was made)
to the second IRA in a deemed trustee-to-trustee transfer. If the transfer is
made by the due date (including extensions) for your tax return for the year
during which the contribution was made, you can elect to treat the contribution
as having been originally made to the second IRA instead of to the first IRA. It
will be treated as having been made to the second IRA on the same date that it
was actually made to the first IRA. You must report the recharacterization and
must treat the contribution as having been made to the second IRA, instead of
the first IRA, on your tax return for the year during which the contribution was
made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net income
transferred with the recharacterized contribution is treated as earned in the
second IRA. The contribution will not be treated as having been made to the
second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated as
a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover

84  Tax information


contribution by the second IRA if it had been made directly to the second IRA
rather than as a result of a recharacterization of a contribution to the first
IRA.

Withdrawals, payments and transfers of funds out of Roth IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled to
the special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o   Rollovers from a Roth IRA to another Roth IRA;

o   Direct transfers from a Roth IRA to another Roth IRA;

o   Qualified distributions from a Roth IRA; and

o   Return of excess contributions or amounts recharacterized to a traditional
    IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o   you are age 59-1/2; or older or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   your distribution is a "qualified first-time homebuyer distribution"
    (special federal income tax definition; $10,000 lifetime total limit for
    these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or not
the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1) Regular contributions.

(2) Conversion contributions, on a first-in-first-out basis (generally, total
    conversions from the earliest year first). These conversion contributions
    are taken into account as follows:

    (a) Taxable portion (the amount required to be included in gross income
        because of conversion) first, and then the

    (b) Nontaxable portion.

(3) Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions are
aggregated or grouped and added together as follows:

(1) All distributions made during the year from all Roth IRAs you maintain --
    with any custodian or issuer -- are added together.

(2) All regular contributions made during and for the year (contribu tions made
    after the close of the year, but before the due date of your return) are
    added together. This total is added to the total undistributed regular
    contributions made in prior years.


(3) All conversion contributions made during the year are added together. For
    purposes of the ordering rules, in the case of any conversion in which the
    conversion distribution is made in 2007 and the conversion contribution is
    made in 2008, the conversion contribution is treated as contributed prior to
    other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution would
have been taken into account if it had been made directly to the Roth IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA is
disregarded for the purpose of grouping both contributions and distributions.
Any amount withdrawn to correct an excess contribution (including the earnings
withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

                                                             Tax information  85


Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the due
date (including extensions) for filing your federal income tax return for the
tax year. If you do this, you must also withdraw or recharacterize any earnings
attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally, there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Internal
Revenue Code or a custodial account that invests only in mutual funds and which
is treated as an annuity contract under Section 403(b)(7) of the Code. Both
types of 403(b) arrangements qualify for tax deferral.

Protection Plus(SM) feature

The Protection Plus(SM) feature is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Protection
Plus(SM) benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Protection
Plus(SM) rider is not a permissible part of a TSA contract. If the IRS were to
take the position that the optional Protection Plus(SM) benefit is not part of
the contract, in such a case, the charges for the Protection Plus(SM) rider
could be treated for federal income tax purposes as a partial withdrawal from
the contract. If this were so, such a deemed withdrawal could affect the tax
qualification of the TSA and could be taxable. Were the IRS to take any adverse
position, AXA Equitable would take all reasonable steps to attempt to avoid any
adverse result, which would include amending the contract (with appropriate
notice to you). You should discuss with your tax adviser whether you should
consider purchasing an Accumulator(R) Rollover TSA contract with the optional
Protection Plus(SM) feature.

Contributions to TSAs

There are two ways you can make contributions to establish this Accumulator(R)
Rollover TSA contract:

o   a full or partial direct transfer of assets ("direct transfer") from another
    contract or arrangement that meets the requirements of Section 403(b) of the
    Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o   a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax funds in the Rollover TSA. We do not accept
"designated Roth contributions" rolled over from a 401(k) plan or a 403(b)
arrangement or directly transferred from another 403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Rollover TSA contract does
not accept employer-remitted contributions. However, we provide the following
discussion as part of our description of restrictions on the distribution of
funds directly transferred, which include employer-remitted contributions to
other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or all
of the contributions made to a TSA are made under a salary reduction agreement
between the employee and the employer. These contributions are called "salary
reduction" or "elective deferral" contributions and are generally made on a
pre-tax basis. Beginning in 2006, if the employer's plan permits, an employee
may designate some or all of salary reduction contributions as "designated Roth
contributions" to the 403(b) arrangement which are made on an after-tax basis.
However, a TSA can also be wholly or partially funded through nonelective
employer contributions or other after-tax employee contributions. Amounts
attributable to salary reduction contributions to TSAs are generally subject to
withdrawal restrictions. Also, all amounts attributable to investments in a
403(b)(7) custodial account are subject to withdrawal restrictions discussed
below.

Rollover or direct transfer contributions. Once you establish your Rollover TSA
contract with 403(b)-source funds, you may make subsequent rollover
contributions to your Rollover TSA contract from these sources: qualified plans,
governmental employer 457(b) plans

86  Tax information


and traditional IRAs, as well as other TSAs and 403(b) arrangements. All
rollover contributions must be pre-tax funds only with appropriate documentation
satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o   termination of employment with the employer who provided the funds for the
    plan; or

o   reaching age 59-1/2 even if you are still employed; or

o   disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a distribution.
We accept direct transfers of TSA funds under Revenue Ruling 90-24 only if:

o   you give us acceptable written documentation as to the source of the funds,
    and

o   the Accumulator(R) contract receiving the funds has provisions at least as
    restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Rollover TSA contract, you may
have to obtain your employer's authorization or demonstrate that you do not need
employer authorization. For example, the transferring TSA may be subject to
Title I of ERISA, if the employer makes matching contributions to salary
reduction contributions made by employees. In that case, the employer must
continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Rollover TSA must be net of the required
minimum distribution for the tax year in which we issue the contract if:

o   you are or will be at least age 70-1/2 in the current calendar year, and

o   you have retired from service with the employer who provided the funds to
    purchase the TSA you are transferring or rolling over to the Accumulator(R)
    Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o   rollover by check of the proceeds from another TSA or eligible retirement
    plan; or

o   direct rollover from another TSA or eligible retirement plan; or

o   direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General. Depending on the terms of the employer plan and your employment status,
you may have to get your employer's consent to take a loan or withdrawal. Your
employer will tell us this when you establish the TSA through a direct transfer.

Withdrawal restrictions. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the following
events happens:

o   you are severed from employment with the employer who pro vided the funds to
    purchase the TSA you are transferring to the Accumulator(R) Rollover TSA; or

o   you reach age 59-1/2; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account, such
amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to your
TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA distributions
may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the

                                                             Tax information  87


contract, if any. We will report all distributions from this Rollover TSA as
fully taxable. It is your responsibility to determine how much of the
distribution is taxable.

Distributions before annuity payments begin. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as pro
rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity Payments. If you elect an annuity payout option, you will recover any
investment in the contract as each payment is received by dividing the
investment in the contract by an expected return determined under an IRS table
prescribed for qualified annuities. The amount of each payment not excluded from
income under this exclusion ratio is fully taxable. The full amount of the
payments received after your investment in the contract is recovered is fully
taxable. If you (and your beneficiary under a joint and survivor annuity) die
before recovering the full investment in the contract, a deduction is allowed on
your (or your beneficiary's) final tax return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. You may take loans from a TSA unless restricted by the employer
(for example, under an employer plan subject to ERISA). If you cannot take a
loan, or cannot take a loan without approval from the employer who provided the
funds, we will have this information in our records based on what you and the
employer who provided the TSA funds told us when you purchased your contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the loan
is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o   The amount of a loan to a participant, when combined with all other loans to
    the participant from all qualified plans of the employer, cannot exceed the
    lesser of:

    (1) the greater of $10,000 or 50% of the participant's nonfor feitable
        accrued benefits; and

    (2) $50,000 reduced by the excess (if any) of the highest out standing loan
        balance over the previous twelve months over the outstanding loan
        balance of plan loans on the date the loan was made.


o   In general, the term of the loan cannot exceed five years unless the loan is
    used to acquire the participant's primary residence. Accumulator(R) Rollover
    TSA contracts have a term limit of 10 years for loans used to acquire the
    participant's primary residence.

o   All principal and interest must be amortized in substantially level payments
    over the term of the loan, with payments being made at least quarterly. In
    very limited circumstances, the repayment obligation may be temporarily
    suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o   the loan does not qualify under the conditions above;

o   the participant fails to repay the interest or principal when due; or

o   in some instances, the participant separates from service with the employer
    who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as a
distribution. For purposes of calculating any subsequent loans which may be made
under any plan of the same employer, a defaulted loan which has not been fully
repaid is treated as still outstanding, even after the default is reported to
the IRS on Form 1099-R. The amount treated as still outstanding (which limits
subsequent loans) includes interest accruing on the unpaid balance.


See Appendix VIII later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.

Tax-deferred rollovers and direct transfers. You may roll over an "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.


You may roll over a distribution from a TSA to any of the following: a qualified
plan, a governmental employer 457(b) plan (separate accounting required) or a
traditional IRA. A spousal beneficiary may also roll over death benefits as
above. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distri-


88 Tax information


butions that you cannot roll over generally include periodic payments for life
or for a period of 10 years or more, hardship withdrawals and required minimum
distributions under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling 90-24
are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking annual
distributions from their TSAs by a required date. Generally, you must take the
first required minimum distribution for the calendar year in which you turn age
70-1/2. You may be able to delay the start of required minimum distributions for
all or part of your account balance until after age 70-1/2, as follows:

o   For TSA participants who have not retired from service with the employer who
    provided the funds for the TSA by the calendar year the participant turns
    age 70-1/2, the required beginning date for minimum distributions is
    extended to April 1 following the calendar year of retirement.

o   TSA plan participants may also delay the start of required mini mum
    distributions to age 75 of the portion of their account value attributable
    to their December 31, 1986, TSA account balance, even if retired at age
    70-1/2. We will know whether or not you qualify for this exception because
    it will only apply to people who establish their Accumulator(R) Rollover TSA
    by direct Revenue Ruling 90-24 transfers. If you do not give us the amount
    of your December 31, 1986, account balance that is being transferred to the
    Accumulator(R) Rollover TSA on the form used to establish the TSA, you do
    not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Rollover TSA by
direct Revenue Ruling 90-24 transfer. Your employer will tell us on the form
used to establish the TSA whether or not you need to get spousal consent for
loans, withdrawals or other distributions. If you do, you will need such consent
if you are married when you request a withdrawal under the TSA contract. In
addition, unless you elect otherwise with the written consent of your spouse,
the retirement benefits payable under the plan must be paid in the form of a
qualified joint and survivor annuity. A qualified joint and survivor annuity is
payable for the life of the annuitant with a survivor annuity for the life of
the spouse in an amount not less than one-half of the amount payable to the
annuitant during his or her lifetime. In addition, if you are married, the
beneficiary must be your spouse, unless your spouse consents in writing to the
designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments will
be made to your surviving spouse in the form of a life annuity unless at the
time of your death a contrary election was in effect. However, your surviving
spouse may elect, before payments begin, to receive payments in any form
permitted under the terms of the TSA contract and the plan of the employer who
provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the available
exceptions to the pre-age 59-1/2 penalty tax include distributions made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   to pay for certain extraordinary medical expenses (special federal income
    tax definition); or

o   in any form of payout after you have separated from service (only if the
    separation occurs during or after the calendar year you reach age 55); or

o   in a payout in the form of substantially equal periodic payments made at
    least annually over your life (or your life expectancy), or over the joint
    lives of you and your beneficiary (or your joint life expectancies) using an
    IRS-approved distribution method (only after you have separated from service
    at any age).

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable. The
rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this purpose.
You cannot elect out of withholding unless you provide us with your correct
Taxpayer Identification Number and a United States residence address. You cannot
elect out of withholding if we are sending the payment out of the United States.

You should note the following special situations:

o   We might have to withhold and/or report on amounts we pay under a free look
    or cancellation.

o   We are generally required to withhold on conversion rollovers of traditional
    IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
    and is taxable.

o   We are required to withhold on the gross amount of a distribu tion from a
    Roth IRA to the extent it is reasonable for us to believe that a
    distribution is includable in your gross income. This may result in tax
    being withheld even though the Roth IRA distribution is ultimately not
    taxable. You can elect out of withholding as described below.

                                                             Tax information  89


Special withholding rules apply to foreign recipients and United States citizens
residing outside the United States. We do not discuss these rules here in
detail. However, we may require additional documentation in the case of payments
made to non-United States persons and United States persons living abroad prior
to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state or
any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective unless
and until you revoke it. You may revoke or change your withholding election at
any time.


Federal income tax withholding on non-periodic annuity payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from a
qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o   any distributions which are required minimum distributions after age 70-1/2
    or retirement from service with the employer; or

o   substantially equal periodic payments made at least annually for your life
    (or life expectancy) or the joint lives (or joint life expectancies) of you
    and your designated beneficiary; or

o   substantially equal periodic payments made for a specified period of 10
    years or more; or

o   hardship withdrawals; or

o   corrective distributions that fit specified technical tax rules; or

o   loans that are treated as distributions; or

o   a death benefit payment to a beneficiary who is not your surviv ing spouse;
    or

o   a qualified domestic relations order distribution to a beneficiary who is
    not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

90  Tax information


8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account No. 49 operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate Account
No. 49. Although Separate Account No. 49 is registered, the SEC does not monitor
the activity of Separate Account No. 49 on a daily basis. AXA Equitable is not
required to register, and is not registered, as an investment company under the
Investment Company Act of 1940.


Each subaccount (variable investment option) within the Separate Account invests
solely in class IB/B shares issued by the corresponding portfolio of its Trust.

We reserve the right subject to compliance with laws that apply:

(1) to add variable investment options to, or to remove variable investment
    options from, the Separate Account, or to add other separate accounts;

(2) to combine any two or more variable investment options;

(3) to transfer the assets we determine to be the shares of the class of
    contracts to which the contracts belong from any variable investment option
    to another variable investment option;

(4) to operate the Separate Account or any variable investment option as a
    management investment company under the Investment Company Act of 1940 (in
    which case, charges and expenses that otherwise would be assessed against an
    underlying mutual fund would be assessed against the Separate Account or a
    variable investment option directly);

(5) to deregister the Separate Accounts under the Investment Company Act of
    1940;

(6) to restrict or eliminate any voting rights as to the Separate Account;


(7) to cause one or more variable investment options to invest some or all of
    their assets in one or more other trusts or investment companies; and

(8) to unilaterally change your contract in order to comply with any applicable
    laws and regulations, including but not limited to changes in the Internal
    Revenue Code, in Treasury regulations or in published rulings of the
    Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish additional
portfolios or eliminate existing portfolios at any time. More detailed
information about each Trust, its portfolio investment objectives, policies,
restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects of its
operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in the respective SAIs, which are available upon
request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:





- ------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th              Rate to                   Price
 Maturity Date of          Maturity as of            Per $100 of
   Maturity Year         February 15, 2007          Maturity Value
- ------------------------------------------------------------------
                                                 
     2008                      3.30%                   $96.81
     2009                      3.34%                   $93.63
     2010                      3.39%                   $90.47
     2011                      3.48%                   $87.20
     2012                      3.58%                   $83.86
     2013                      3.65%                   $80.63
     2014                      3.72%                   $77.42
     2015                      3.76%                   $74.42
- ------------------------------------------------------------------



                                                             More information 91





- ------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th              Rate to                   Price
 Maturity Date of          Maturity as of            Per $100 of
   Maturity Year         February 15, 2007          Maturity Value
- ------------------------------------------------------------------
                                                 
     2016                      3.84%                   $71.22
     2017                      3.89%                   $68.25
- ------------------------------------------------------------------



HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1) We determine the market adjusted amount on the date of the withdrawal as
    follows:

    (a) We determine the fixed maturity amount that would be payable on the
        maturity date, using the rate to maturity for the fixed maturity option.

    (b) We determine the period remaining in your fixed maturity option (based
        on the withdrawal date) and convert it to fractional years based on a
        365-day year. For example, three years and 12 days becomes 3.0329.

    (c) We determine the current rate to maturity for your FMO based on the rate
        for a new FMO issued on the same date and having the same maturity date
        as your FMO; if the same maturity date is not available for new FMOs, we
        determine a rate that is between the rates for new FMO maturities that
        immediately precede and immediately follow your FMO's maturity date.

    (d) We determine the present value of the fixed maturity amount payable at
        the maturity date, using the period determined in (b) and the rate
        determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3) We subtract (2) from the result in (1)(d). The result is the market value
    adjustment applicable to such fixed maturity option, which may be positive
    or negative.


If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment that
would have applied if you had withdrawn the entire value in that fixed maturity
option. This percentage is equal to the percentage of the value in the fixed
maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.


For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined by using a widely published index. We reserve the right to add up to
0.25% to the current rate in (1)(c) above for purposes of calculating the market
value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held in
this separate account. We may, subject to state law that applies, transfer all
assets allocated to the separate account to our general account. We guarantee
all benefits relating to your value in the fixed maturity options, regardless of
whether assets supporting fixed maturity options are held in a separate account
or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including corporate
bonds, mortgage-backed and asset-backed securities, and government and agency
issues having durations in the aggregate consistent with those of the fixed
maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the contracts,
we are not obligated to invest those assets according to any particular plan
except as we may be required to by state insurance laws. We will not determine
the rates to maturity we establish by the performance of the nonunitized
separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and the fixed
maturity options and the account for special dollar cost averaging, as well as
our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations of
all jurisdictions where we are authorized to do business. Interests under the
contracts in the general account have not been registered and are not required
to be registered under the Securities Act of 1933 because of exemptions and
exclusionary provisions that apply. The general account is not required to
register as an investment company under the Investment Company Act of 1940 and
it is not registered as an investment company under the Investment Company Act
of 1940. The market value adjustment interests under the contracts, which are
held in a separate account, are issued by AXA Equitable and are registered under
the Securities Act of 1933. The contract is a "covered security" under the
federal securities laws.

92  More information


We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account . The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire orders
not accompanied by complete information may be retained as described under "How
you can make your contributions" under "Contract features and benefits" earlier
in this Prospectus.

Even if we accept the wire order and essential information, a contract generally
will not be issued until we receive and accept a properly completed application.
In certain cases we may issue a contract based on information provided through
certain broker-dealers with which we have established electronic facilities. In
any such cases, you must sign our Acknowledgement of Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed application
and have issued the contract. Where we issue a contract based on information
provided through electronic facilities, we require an Acknowledgement of Receipt
form, and financial transactions are only permitted if you request them in
writing, sign the request and have its signature guaranteed, until we receive
the signed Acknowledgement of Receipt form. After your contract has been issued,
additional contributions may be transmitted by wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be transmitted
by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ, FLEXIBLE PREMIUM IRA AND FLEXIBLE
PREMIUM ROTH IRA CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution into
an NQ, Flexible Premium IRA or Flexible Premium Roth IRA contract on a monthly
or quarterly basis. AIP is not available for Rollover IRA, Roth Conversion IRA,
QP, Inherited IRA Beneficiary Continuation (traditional IRA or Roth IRA) or
Rollover TSA contracts, nor is it available with GPB Option 2. Please see
Appendix VIII later in this Prospectus to see if the automatic investment
program is available in your state.


For NQ contracts, the minimum amounts we will deduct are $100 monthly and $300
quarterly. Under Flexible Premium IRA and Flexible Premium Roth IRA contracts,
the minimum amount is $50. AIP additional contributions may be allocated to any
of the variable investment options and available fixed maturity options, but not
the account for special dollar cost averaging. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all the
required information unless another date applies as indicated below.

o   If your contribution, transfer, or any other transaction request, containing
    all the required information, reaches us on a non-business day or after 4:00
    p.m. on a business day, we will use the next business day.

o   A loan request under your Rollover TSA contract will be processed on the
    first business day of the month following the date on which the properly
    completed loan request form is received.

o   If your transaction is set to occur on the same day of the month as the
    contract date and that date is the 29th, 30th or 31st of the month, then the
    transaction will occur on the 1st day of the next month.

o   When a charge is to be deducted on a contract date anniversary that is a
    non-business day, we will deduct the charge on the next business day.

o   If we have entered into an agreement with your broker-dealer for automated
    processing of contributions upon receipt of customer order, your
    contribution will be considered received at the time your broker-dealer
    receives your contribution and all information needed to process your
    application, along with any required documents, and transmits your order to
    us in accordance with our processing procedures. Such arrangements may apply
    to initial contributions, subsequent contributions, or both, and may be
    commenced or ter-

                                                            More information  93



    minated at any time without prior notice. If required by law, the "closing
    time" for such orders will be earlier than 4:00 p.m., Eastern Time.

CONTRIBUTIONS AND TRANSFERS

o   Contributions allocated to the variable investment options are invested at
    the unit value next determined after the receipt of the contribution.


o   Contributions allocated to the guaranteed interest option will receive the
    crediting rate in effect on that business day for the specified time period.

o   Contributions allocated to a fixed maturity option will receive the rate to
    maturity in effect for that fixed maturity option on that business day
    (unless a rate lock-in is applicable).

o   Initial contributions allocated to the account for special dollar cost
    averaging receive the interest rate in effect on that business day. At
    certain times, we may offer the opportunity to lock in the interest rate for
    an initial contribution to be received under Section 1035 exchanges and
    trustee to trustee transfers. Your financial professional can provide
    information or you can call our processing office.


o   Transfers to or from variable investment options will be made at the unit
    value next determined after the receipt of the transfer request.


o   Transfers to a fixed maturity option will be based on the rate to maturity
    in effect for that fixed maturity option on the business day of the
    transfer.


o   Transfers to the guaranteed interest option will receive the crediting rate
    in effect on that business day for the specified time period.

o   For the interest sweep option, the first monthly transfer will occur on the
    last business day of the month following the month that we receive your
    election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of shares of the Trusts, we have the right to vote on certain
matters involving the portfolios, such as:

o   the election of trustees;

o   the formal approval of independent public accounting firms selected for each
    Trust; or

o   any other matters described in each prospectus for the Trusts or requiring a
    shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is taken.
If we do not receive instructions in time from all contract owners, we will vote
the shares of a portfolio for which no instructions have been received in the
same proportion as we vote shares of that portfolio for which we have received
instructions. We will also vote any shares that we are entitled to vote directly
because of amounts we have in a portfolio in the same proportions that contract
owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's annuity and/or variable life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do not
foresee any disadvantages to our policyowners arising out of these arrangements.
However, the Board of Trustees or Directors of each Trust intends to monitor
events to identify any material irreconcilable conflicts that may arise and to
determine what action, if any, should be taken in response. If we believe that a
Board's response insufficiently protects our policyowners, we will see to it
that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS


If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount of
reserves we are holding for that annuity in a variable investment option divided
by the annuity unit value for that option. We will cast votes attributable to
any amounts we have in the variable investment options in the same proportion as
votes cast by contract owners. One result of proportional voting is that a small
number of contract owners may control the outcome of a vote.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect to
a contract owner's interest in Separate Account No. 49, nor would any of these
proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the consolidated
financial statements of AXA Equitable, are in the SAI. The SAI is available free
of charge. You may request one by writing to our processing office or calling
1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity payments
begin. We will continue to treat you as the owner until we receive notification
of any change at our processing office. You cannot assign your NQ contract as
collateral or security for a loan. Loans are also not available under your NQ
contract. In some cases, an

94  More information


assignment or change of ownership may have adverse tax consequences. See "Tax
information" earlier in this Prospectus.


For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, Protection
Plus(SM), Guaranteed principal benefit option 2, and/or the Principal
Protector(SM) ("Benefit"), generally the Benefit will automatically terminate if
you change ownership of the contract or if you assign the owner's right to
change the beneficiary or person to whom annuity payments will be made. If you
are an existing contract owner, this restriction may not apply to you. See
Appendix IX for more information. However, the Benefit will not terminate if the
ownership of the contract is transferred to: (i) a family member (as defined in
the contract); (ii) a trust created for the benefit of a family member or
members; (iii) a trust qualified under section 501(c) of the Internal Revenue
Code; or (iv) a successor by operation of law, such as an executor or guardian.
Please speak with your financial professional for further information.


See Appendix VIII later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.


You cannot assign or transfer ownership of an IRA, QP or Rollover TSA contract
except by surrender to us. If your individual retirement annuity contract is
held in your custodial individual retirement account, you may only assign or
transfer ownership of such an IRA contract to yourself. Loans are not available
(except for Rollover TSA contracts) and you cannot assign IRA and QP contracts
as security for a loan or other obligation. If the employer that provided the
funds does not restrict them, loans are available under a Rollover TSA contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your IRA, QP or Rollover TSA
contract to another similar arrangement under federal income tax rules. In the
case of such a transfer, which involves a surrender of your contract, we will
impose a withdrawal charge, if one applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue to
rely on this authorization until it receives your written notification at its
processing office that you have withdrawn this authorization. AXA Equitable may
change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of disruptive
transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and AXA
Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are registered
with the SEC as broker-dealers and are members of the National Association of
Securities Dealers, Inc. ("NASD"). Both broker-dealers also act as distributors
for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and will
generally not exceed 8.50% of total contributions. AXA Advisors, in turn, may
pay a portion of the contribution-based compensation received from AXA Equitable
on the sale of a contract to the AXA Advisors financial professional and/or
Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing annual
compensation of up to 0.60% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the total
compensation that would otherwise be paid on the basis of contributions alone.
The contribution-based and asset-based compensation paid by AXA Advisors varies
among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset--dealer. Total compensation paid to a
Selling broker-dealer electing to receive both contribution-based and
asset-based compensation could over time exceed the total compensation that
would otherwise be paid on the basis of contributions alone. The
contribution-based and asset--More information 95





based compensation paid by AXA Distributors varies among Selling broker-dealers.
AXA Distributors also receives compensation and reimbursement for its marketing
services under the terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their behalf.
The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) on a company and/or product
list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including some
that may benefit the contract owner. Payments may be based on the amount of
assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products. Additionally,
as an incentive for financial professionals of Selling broker-dealers to promote
the sale of AXA Equitable products, the Distributors may increase the sales
compensation paid to the Selling broker-dealer for a period of time (commonly
referred to as "compensation enhancements"). Marketing allowances and sales
incentives are made out of the Distributors' assets. Not all Selling
broker-dealers receive these kinds of payments. For more information about any
such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated insurance
trusts, the Distributors or their affiliates may also receive other payments
from the advisers of the portfolios of their affiliates for providing
distribution administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments known
as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can vary
in amount based on the applicable product and/or entity or individual involved.
As with any incentive, such payments may cause the financial professional to
show preference in recommending the purchase or sale of AXA Equitable products.
However, under applicable rules of the NASD, AXA Advisors may only recommend to
you products that they reasonably believe are suitable for you based on facts
that you have disclosed as to your other security holdings, financial situation
and needs. In making any recommendation, financial professionals of AXA Advisors
may nonetheless face conflicts of interest because of the differences in
compensation from one product category to another, and because of differences in
compensation between products in the same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such as
stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made will
be in compliance with all applicable NASD rules and other laws and regulations.


96  More information



9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by accessing
the SEC's website at www.sec.gov. The public may obtain information on the
operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
Under the Securities Act of 1933, the Company has filed with the SEC a
registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for additional
information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports of
KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "Alliance Bernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person to
whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


                             Incorporation of certain documents by reference  97


Appendix I: Condensed financial information

- --------------------------------------------------------------------------------


The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.25%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006





- -------------------------------------------------------------------------------------------------------------------------
                                                                For the years ending December 31,
                                               --------------------------------------------------------------------------
                                                  2006            2005             2004            2003            2002
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                 
AXA Aggressive Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  13.22        $  11.35         $  10.63              --              --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              1,827           1,271              728              --              --
- -------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  10.96        $  10.43         $  10.31              --              --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              1,143             397              373              --              --
- -------------------------------------------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  11.41        $  10.62         $  10.41              --              --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              1,249             849              695              --              --
- -------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  51.39        $  47.15         $  45.53        $  42.39         $ 36.01
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              4,475           4,798            5,029           4,208           1,221
- -------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  12.70        $  11.22         $  10.65              --              --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              8,825           5,795            3,138              --              --
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  61.57        $  59.29         $  55.46        $  50.07         $ 36.85
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                238             264              269             265             161
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  11.59        $  11.30         $  11.24        $  10.96         $ 10.69
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)             10,117          11,139           12,384          12,153           4,285
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  12.17        $  11.72         $  11.09        $  10.01         $  7.91
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              3,342           3,665            3,994           3,394             929
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  33.49        $  30.83         $  30.28        $  28.20         $ 23.29
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              3,901           4,366            4,900           4,511             903
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  17.07        $  13.79         $  12.09        $  10.38         $  7.82
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              3,610           3,367            3,660           3,008             923
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  12.42        $  11.07         $  10.50        $   9.69         $  7.65
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              2,469           2,709            2,980           2,952           1,004
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $   9.71        $   9.82         $   9.24        $   8.77         $  6.80
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              4,513           5,006            6,362           5,953           2,130
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  14.47        $  12.27         $  11.60        $  10.26         $  7.92
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              5,608           6,137            6,199           5,210           1,722
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                    $  11.01        $  10.17         $   9.50        $   8.60         $  6.21
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              6,249           7,050            8,108           7,657           2,602
- -------------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------
                                                                For the years ending December 31,
                                               --------------------------------------------------------------------------
                                                  2001          2000          1999              1998          1997
- -------------------------------------------------------------------------------------------------------------------------
                                                                                             
AXA Aggressive Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 52.44       $ 70.94       $ 82.86           $ 70.74       $ 71.57
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                153           185           213               266           279
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 24.29       $ 24.42       $ 27.13           $ 28.48       $ 30.46
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                221           260           329               422           439
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 --            --            --                --            --
- -------------------------------------------------------------------------------------------------------------------------



A-1 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)





- ---------------------------------------------------------------------------------------------------------------------------
                                                                             For the years ending December 31,
                                                                -----------------------------------------------------------
                                                                   2006        2005         2004        2003        2002
- ---------------------------------------------------------------------------------------------------------------------------
                                                                                                  
AXA Premier VIP Mid Cap Value
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  14.03    $  12.38     $  11.67    $  10.25   $   7.38
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               4,691       5,098        5,827       5,443      1,889
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  10.68    $  10.07     $   9.16    $   8.83   $   5.67
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               2,567       2,975        3,498       1,530        306
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 279.98    $ 256.01     $ 248.43    $ 220.33   $ 149.11
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 463         545          613         548        222
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  35.13    $  29.99     $  28.77    $  25.91   $  20.11
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               4,147       4,757        5,149       5,046      1,615
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  19.41    $  19.05     $  19.04    $  18.91   $  18.73
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               3,131       3,491        4,043       4,619      1,850
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  18.75    $  15.37     $  13.49    $  11.55   $   8.65
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               5,626       5,792        5,816       5,125      1,285
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $   7.07    $   7.20     $   6.34    $   5.92   $   4.86
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               5,507       5,789        6,068       5,986      2,292
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  16.71    $  16.29     $  16.17    $  15.77   $  15.42
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               3,669       4,057        4,383       4,326      1,432
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  18.44    $  17.12     $  15.54    $  13.80   $   9.91
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               3,494       3,815        4,124       4,091      1,279
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  18.20    $  15.17     $  14.56    $  12.99   $  10.22
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              13,475      14,461       15,533      14,531      4,578
- ---------------------------------------------------------------------------------------------------------------------------
EQ/Ariel Appreciation II
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  11.39    $  10.37           --          --         --
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                  79           9           --          --         --
- ---------------------------------------------------------------------------------------------------------------------------
EQ/AXA Rosenberg Value Long/Short Equity
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  10.82    $  10.79     $  10.16          --         --
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 691       1,352          339          --         --
- ---------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $   6.86    $   5.99     $   5.71          --         --
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               1,698       1,681          216          --         --
- ---------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $   9.14    $   8.79     $   8.18    $   8.00   $   6.33
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 625         723          782         744        182
- ---------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  13.31    $  12.54     $  12.08    $  11.58   $   9.46
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               1,982       2,062        2,149       2,153        710
- ---------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  14.69    $  12.47     $  10.78    $   9.60   $   7.33
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               6,892       7,621        8,017       6,516      1,628
- ---------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  13.23    $  11.95     $  11.40    $  10.41   $   8.01
- ---------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                               6,465       7,166        8,080       7,741      2,252
- ---------------------------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------------------------
                                                                For the years ending December 31,
                                                              --------------------------------------------------------------
                                                                  2001         2000         1999         1998         1997
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                                    
AXA Premier VIP Mid Cap Value
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 226.39     $ 256.74     $ 303.01     $ 245.58     $ 192.60
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                154          188          205          230          240
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $   7.15     $   9.52     $  11.80           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 89          114           79           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  14.38     $  16.78     $  14.94     $  11.85     $  12.55
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                105          191           50          102           89
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  11.97     $  11.75     $  12.13     $  11.86           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                114           54           46           22           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Ariel Appreciation II
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/AXA Rosenberg Value Long/Short Equity
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $   8.70           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 --           --           --           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  13.00     $  17.41     $  21.43     $  16.65     $  12.37
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                193          235          245          160          124
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $   8.73     $  11.17     $  13.97           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 26           23           15           --           --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  10.76     $  11.12     $  10.62           --           --
- ----------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                 17           10            3           --           --
- ----------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-2



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)





- ------------------------------------------------------------------------------------------------------------------------
                                                                    For the years ending December 31,
                                                 -----------------------------------------------------------------------
                                                   2006           2005            2004           2003           2002
- ------------------------------------------------------------------------------------------------------------------------
                                                                                               
EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  12.73       $  11.72        $  11.19       $  10.36       $  7.69
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)               11,985         13,164          14,528         13,433         2,981
- ------------------------------------------------------------------------------------------------------------------------
EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  11.10       $  10.41              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  436            161              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  10.85             --              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  302             --              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  30.57       $  26.88        $  26.06       $  23.92       $ 18.94
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                7,331          8,383           9,053          8,439         2,393
- ------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $   9.97       $   9.75              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  493             38              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $   9.03       $   8.63        $   8.40       $   7.95       $  5.82
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                2,218          2,770           3,237          2,600           551
- ------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  12.98       $  11.78        $  11.21       $   9.78       $  6.89
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)               11,305         12,783          13,609         12,491         2,799
- ------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  17.81       $  16.03        $  14.57       $  12.51       $  9.51
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                8,423          8,724           9,029          8,508         3,161
- ------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  10.43             --              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  664             --              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  10.83             --              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                   78             --              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  11.66       $  10.51              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  321             81              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  28.28       $  24.09        $  23.37             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  341            297              62             --            --
- ------------------------------------------------------------------------------------------------------------------------
EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  14.29       $  11.51              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  240             40              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $   6.43       $   6.43        $   6.06       $   5.47       $  4.40
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                4,810          5,457           5,744          5,658         2,123
- ------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  14.53       $  14.13        $  13.99       $  13.60       $ 13.32
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)               10,809         11,494          11,977         11,974         3,674
- ------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  16.31       $  13.71        $  13.35       $  12.19       $  9.73
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                3,079          3,795           3,942          3,680         1,342
- ------------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  11.24       $  10.64              --             --            --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  605             93              --             --            --
- ------------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------
                                                                  For the years ending December 31,
                                                 -----------------------------------------------------------------------
                                                   2001        2000              1999            1998           1997
- ------------------------------------------------------------------------------------------------------------------------
                                                                                               
EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 10.20        $ 10.53         $ 10.29             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  59              8               7             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 24.71        $ 28.47              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  71             78              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  8.56        $ 10.00              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  19              7              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 11.28        $ 10.98              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  37              9              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  6.39        $  8.40              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  20             29              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 12.30        $ 11.04         $ 10.47        $ 10.77             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 280             14             139             98             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 12.16        $ 13.21         $ 12.52        $ 12.85        $ 11.53
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 324            341             423            506            383
- ------------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------



A-3 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)





- ------------------------------------------------------------------------------------------------------------------------
                                                                For the years ending December 31,
                                                 -----------------------------------------------------------------------
                                                    2006          2005             2004           2003          2002
- ------------------------------------------------------------------------------------------------------------------------
                                                                                               
EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  10.07       $  10.01              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  370            139              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  12.29       $  10.61              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  438             94              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  11.77       $  10.57              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  117             54              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  12.40       $  11.16              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  597            444              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  16.57       $  15.34        $  14.02       $   12.84      $  9.91
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)               13,414         14,341          14,238          13,403        2,875
- ------------------------------------------------------------------------------------------------------------------------
EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  24.54       $  20.54        $  20.19       $   18.49      $ 14.26
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                4,984          5,635           6,364           5,670        1,591
- ------------------------------------------------------------------------------------------------------------------------
EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  23.23       $  18.71        $  17.09       $   14.22      $ 11.24
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                4,607          4,933           4,781           4,396        1,445
- ------------------------------------------------------------------------------------------------------------------------
EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  15.31       $  14.38        $  13.35       $   12.00      $  9.39
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                1,300          1,516           1,558           1,506          496
- ------------------------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  10.71       $   9.60        $   9.06       $    8.23      $  6.83
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                3,293          3,821           4,211           4,026          993
- ------------------------------------------------------------------------------------------------------------------------
EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  30.57       $  29.61        $  29.20       $   29.33      $ 29.52
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                1,365          1,411           1,417           1,972        1,554
- ------------------------------------------------------------------------------------------------------------------------
EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $   4.96       $   4.66        $   4.47              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  143            137              13              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  10.71             --              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  372             --              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  11.10             --              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  135             --              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  10.94             --              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                   12             --              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  11.10             --              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                   20             --              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $   9.86       $   9.94              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                1,522          1,269              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  10.26       $   9.99              --              --           --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  356            189              --              --           --
- ------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------
                                                                For the years ending December 31,
                                                 -----------------------------------------------------------------------
                                                    2001          2000             1999           1998          1997
- ------------------------------------------------------------------------------------------------------------------------
                                                                                               
EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 11.35             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                   2             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 13.65        $ 17.60         $ 20.32        $ 12.83        $ 10.87
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 154            182             199            190            187
- ------------------------------------------------------------------------------------------------------------------------
EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 14.47        $ 22.21         $ 27.70        $ 16.14        $ 12.14
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 147            214             227            176            149
- ------------------------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $  8.75        $ 10.54         $ 10.74             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  77             42              31             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                      $ 29.51        $ 28.84         $ 27.54        $ 26.62        $ 25.64
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 256            266             360            329            359
- ------------------------------------------------------------------------------------------------------------------------
EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------
 Unit value                                           --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                  --             --              --             --             --
- ------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-4






UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)





- -------------------------------------------------------------------------------------------------------------------------
                                                                  For the years ending December 31,
                                                -------------------------------------------------------------------------
                                                 2006           2005           2004            2003           2002
- -------------------------------------------------------------------------------------------------------------------------
                                                                                              
EQ/Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 19.94        $ 17.38        $ 16.80        $  14.55        $ 10.70
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              6,898          7,963          8,796           8,124          2,322
- -------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $  8.90        $  8.17        $  7.70              --             --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                680            554             19              --             --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 17.38        $ 14.94        $ 14.50        $  12.48        $  8.66
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              3,525          3,854          4,174           3,847          1,053
- -------------------------------------------------------------------------------------------------------------------------
EQ/TCW Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 16.98        $ 17.90        $ 17.42              --             --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                 96             88             19              --             --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 10.76             --             --              --             --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                237             --             --              --             --
- -------------------------------------------------------------------------------------------------------------------------
EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $  6.32        $  5.61        $  5.21              --             --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                473            215             12              --             --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 11.95        $ 10.44             --              --             --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                811            393             --              --             --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 19.12        $ 14.12        $ 10.76        $   8.81        $  5.72
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              4,088          4,095          3,531          27,090            737
- -------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 13.37        $ 12.39             --              --             --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                320            133             --              --             --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 14.32        $ 11.92             --              --             --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                238             25             --              --             --
- -------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                     $ 19.98        $ 14.69        $ 12.73              --             --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)              1,240            946            934              --             --
- -------------------------------------------------------------------------------------------------------------------------



- -------------------------------------------------------------------------------------------------------------------------
                                                                  For the years ending December 31,
                                                -------------------------------------------------------------------------
                                                        2001            2000          1999         1998       1997
                                                                                                
- -------------------------------------------------------------------------------------------------------------------------
EQ/Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                            $ 12.57       $ 10.81      $  9.23       $ 9.18         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                       111            41           20           26         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                 --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                            $ 11.07       $ 10.99      $ 11.51       $ 9.65         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        23            18           18           18         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/TCW Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                 --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                 --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                 --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                 --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                            $  6.15       $  6.56      $ 11.08       $ 5.73         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        43            55           52           16         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                 --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                 --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                 --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                        --            --           --           --         --
- -------------------------------------------------------------------------------------------------------------------------



A-5 Appendix I: Condensed financial information



The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.20%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006





- -------------------------------------------------------------------------------------------------------------------------
                                                                    For the years ending December 31,
                                                     --------------------------------------------------------------------
                                                         2006               2005                2004                2003
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                    
AXA Aggressive Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  14.64           $  12.58            $  11.79             $ 10.68
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                   22,269             12,752               5,189                 186
- -------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  11.48           $  10.93            $  10.80             $ 10.32
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    5,079              3,564               1,608                 153
- -------------------------------------------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  12.14           $  11.31            $  11.09             $ 10.42
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                   13,188              8,710               3,924                  78
- -------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  12.74           $  11.69            $  11.30             $ 10.52
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                   68,613             49,852              22,917               1,082
- -------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  14.03           $  12.41            $  11.78             $ 10.68
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                   99,167             58,275              20,548                 815
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  13.11           $  12.63            $  11.82             $ 10.68
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    1,071                674                 354                  14
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  10.75           $  10.49            $  10.44             $ 10.18
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    5,510              4,598               2,892                 202
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  12.87           $  12.40            $  11.74             $ 10.60
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    3,336              2,552               1,325                  79
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  12.57           $  11.58            $  11.38             $ 10.60
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    8,081              6,661               3,911                 371
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  18.47           $  14.93            $  13.09             $ 11.25
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    4,388              2,637               1,558                  68
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  13.56           $  12.09            $  11.47             $ 10.59
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    1,032                794                 424                  26
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  11.57           $  11.70            $  11.03             $ 10.47
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    2,678              2,153               1,580                 113
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  15.61           $  13.24            $  12.52             $ 11.08
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    4,449              3,350               1,540                 106
- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                          $  13.48           $  12.45            $  11.63             $ 10.54
- -------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                    3,239              2,543               1,570                 142
- -------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-6



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)





- -----------------------------------------------------------------------------------------------------------------------------------
                                                                              For the years ending December 31,
                                                               --------------------------------------------------------------------
                                                                 2006               2005                2004                2003
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                              
AXA Premier VIP Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  15.04           $  13.27            $ 12.52             $ 11.01
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              2,904              2,263              1,454                 126
- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  12.46           $  11.76            $ 10.70             $ 10.32
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              2,251              1,745                969                  57
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  13.88           $  12.69            $ 12.32             $ 10.94
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                             12,334              9,642              5,278                 307
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  14.80           $  12.64            $ 12.14             $ 10.93
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              7,744              6,550              3,640                 209
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  10.36           $  10.17            $ 10.17             $ 10.10
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              2,015              1,844              1,271                 119
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  18.16           $  14.88            $ 13.07             $ 11.20
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              8,352              5,355              1,996                  93
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  12.36           $  12.58            $ 11.08             $ 10.36
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              2,328              1,804                829                  60
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  10.80           $  10.54            $ 10.46             $ 10.21
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              4,096               3.152             1,612                  84
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  14.37           $  13.35            $ 12.12             $ 10.77
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              3,592              2,764              1,487                 109
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  15.30           $  12.77            $ 12.26             $ 10.95
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                             13,336              9,974              5,206                 329
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Ariel Appreciation II
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  11.38           $  10.36                 --                  --
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                562                 76                 --                  --
- -----------------------------------------------------------------------------------------------------------------------------------
AXA Rosenberg Value Long/Short Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  11.07           $  11.05            $ 10.41             $ 10.17
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              2,099              1,352                417                  19
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $   6.83           $   5.97            $  5.69                  --
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              5,155              3,884                224                  --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  11.99           $  11.53            $ 10.74             $ 10.50
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                860                679                278                  17
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  11.96           $  11.27            $ 10.86             $ 10.42
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              3,646              1,914                271                  34
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  17.09           $  14.52            $ 12.55             $ 11.19
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              7,928              5,898              3,195                 150
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $  13.62           $  12.31            $ 11.75             $ 10.73
- -----------------------------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                              4,859              4,008              2,468                 154
- -----------------------------------------------------------------------------------------------------------------------------------



A-7 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)





- -------------------------------------------------------------------------------------------------------------
                                                             For the years ending December 31,
                                                -------------------------------------------------------------
                                                       2006                   2005        2004        2003
- -------------------------------------------------------------------------------------------------------------
                                                                                     
 EQ/Capital Guardian U. S. Equity
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  13.25               $  12.20     $ 11.66     $ 10.80
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 9,363                  7,792       4,756         338
- -------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  11.09               $  10.40          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 2,166                    732          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.85                     --          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                   597                     --          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  13.74               $  12.09     $ 11.73     $ 10.77
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                11,573                 10,047       5,582         374
- -------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $   9.96               $   9.75          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,258                    100          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  12.14               $  11.61     $ 11.31     $ 10.70
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,943                  1,920       1,379          85
- -------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  15.04               $  13.66     $ 13.00     $ 11.35
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 9,034                  6,968       3,775         306
- -------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  15.71               $  14.15     $ 12.87     $ 11.06
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 7,522                  6,055       2,897         148
- -------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.43                     --          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,560                     --          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.82                     --          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                   191                     --          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  11.65               $  10.51          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,305                    475          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  28.01               $  23.87     $ 23.18          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,848                  1,166          78          --
- -------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  14.28               $  11.51          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,109                    358          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  12.28               $  12.29     $ 11.60     $ 10.48
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,601                  1,330         680          55
- -------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.89               $  10.60     $ 10.50     $ 10.21
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                13,554                 10,991       4,339         252
- -------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  14.67               $  12.34     $ 12.02     $ 10.98
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,576                  1,298         769          63
- -------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -------------------------------------------------------------------------------------------------------------
  Unit value                                       $  11.23               $  10.64          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 2,181                    386          --          --
- -------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-8





UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)





- -------------------------------------------------------------------------------------------------------
                                                           For the years ending December 31,
                                                 ------------------------------------------------------
                                                       2006              2005        2004        2003
- -------------------------------------------------------------------------------------------------------
                                                                                
 EQ/Long Term Bond
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.06          $  10.01          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,819               753          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  12.28          $  10.61          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,836               757          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  11.76          $  10.57          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                   841               415          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  12.39          $  11.16          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 3,813             1,971          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  13.64          $  12.63     $ 11.55     $ 10.59
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                17,558            12,004       4,974         348
- -------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  14.49          $  12.14     $ 11.94     $ 10.93
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 7,573             6,492       4,028         189
- -------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  18.13          $  14.61     $ 13.34     $ 11.11
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 7,280             5,025       1,602          73
- -------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  13.06          $  12.27     $ 11.40     $ 10.25
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,399               992         530          22
- -------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  13.74          $  12.32     $ 11.64     $ 10.58
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,098             1,065         679          51
- -------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.38          $  10.06     $  9.93     $  9.98
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 3,721             2,172       1,335         252
- -------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $   4.95          $   4.64     $  4.46          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,387             1,014         143          --
- -------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.71                --          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,134                --          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  11.09                --          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                   217                --          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.93                --          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                   111                --          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  11.10                --          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                   122                --          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $   9.86          $   9.94          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 6,212             2,883          --          --
- -------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -------------------------------------------------------------------------------------------------------
  Unit value                                       $  10.25          $   9.99          --          --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                 1,130               333          --          --
- -------------------------------------------------------------------------------------------------------



A-9 Appendix I: Condensed financial information






UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006




- ------------------------------------------------------------------------------------------------------------------------------
                                                                                   For the years ending December 31,
                                                                          ----------------------------------------------------
                                                                                2006           2005        2004        2003
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                      
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 15.00        $ 13.08     $ 12.66     $ 10.95
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                          8,534          6,948       3,850         232
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $  8.87        $  8.15     $  7.67          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                          3,735          1,820          59          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 14.92        $ 12.84     $ 12.47     $ 10.73
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                          3,972          2,861       1,702         121
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 16.82        $ 17.74     $ 17.28          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                            578            688          53          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 10.76             --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                            950             --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $  6.30        $  5.59     $  5.19          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                          2,323          1,420          96          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 11.94        $ 10.44          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                          4,735          2,313          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 24.92        $ 18.41     $ 14.04     $ 11.50
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                          6,367          4,108       1,431          64
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 13.36        $ 12.38          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                          2,067            742          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 14.26        $ 11.87     $ 11.37          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                            885            149           4          --
- ------------------------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                 $ 23.18        $ 17.05     $ 14.79     $ 11.00
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                          4,905          3,476       1,552          37
- ------------------------------------------------------------------------------------------------------------------------------



                                Appendix I: Condensed financial information A-10




Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------

Trustees who are considering the purchase of an Accumulator(R) QP contract
should discuss with their tax advisors whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether
the plan provisions permit the investment of plan assets in the QP contract,
the distribution of such an annuity, the purchase of the Guaranteed minimum
income benefit, and the payment of death benefits in accordance with the
requirements of the federal income tax rules. The QP contract and this
prospectus should be reviewed in full, and the following factors, among others,
should be noted. Assuming continued plan qualification and operation, earnings
on qualified plan assets will accumulate value on a tax-deferred basis even if
the plan is not funded by the Accumulator(R) QP contract or another annuity
contract. Therefore, you should purchase an Accumulator(R) QP contract to fund
a plan for the contract's features and benefits other than tax deferral, after
considering the relative costs and benefits of annuity contracts and other
types of arrangements and funding vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
from the employer. For 401(k) plans, no employee after-tax contributions are
accepted. A "designated Roth contribution account" is not available in the QP
contract. Checks written on accounts held in the name of the employer instead
of the plan or the trustee will not be accepted. Only one additional transfer
contribution may be made per contract year. If amounts attributable to an
excess or mistaken contribution must be withdrawn, a withdrawal charge and/or
market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o the QP contract may not be an appropriate purchase for participants
  approaching or over age 70-1/2;

o provisions in the Treasury Regulations on required minimum distributions
  require that the actuarial present value of additional annuity contract
  benefits be added to the dollar amount credited for purposes of calculating
  required minimum distributions. This could increase the amounts required to
  be distributed from the contract;

o the Guaranteed minimum income benefit may not be an appropriate feature for
  participants who are older than age 60-1/2 when the contract is issued; and

o if the Guaranteed minimum income benefit is automatically exercised as a
  result of the no lapse guarantee, the payments will be made to the trustee.

Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.



B-1 Appendix II: Purchase considerations for QP contracts





Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)







- --------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
- --------------------------------------------------------------------------------------------------------
                                                                                    5.00%        9.00%
                                                                                     
 As of February 15, 2011 before withdrawal
- --------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- --------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- --------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- --------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- --------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                               $  3,637     $ (3,847)
- --------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- --------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- --------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- --------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- --------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:

(a)  Number of days from the withdrawal date to the maturity date = D = 1,461

(b)  Market adjusted amount is based on the following calculation:

          Maturity value      $         171,882
          _______________  =  __________________      where j is either 5% or 9%
          (1+j)((D/365))      (1+j)((1,461/365))

(c)  Fixed maturity amount is based on the following calculation:

          Maturity value     $         171,882
          ________________ = _____________________
          (1+h)((D/365))     (1+0.07)((1,461/365))

(d)  Maturity value is based on the following calculation:

          Fixed maturity amount     $84,741 or $77,257
          _____________________  =  _____________________
             (1+h)((D/365))         (1+0.07)((1,461/365))


                               Appendix III: Market value adjustment example C-1





Appendix IV: Enhanced death benefit example


- --------------------------------------------------------------------------------


The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.

The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/Alliance Intermediate Government Securities, EQ/Money Market, EQ/Short
Duration Bond, the guaranteed interest option or the fixed maturity options or
the Special 10 year fixed maturity option), no additional contributions, no
transfers, no withdrawals and no loans under a Rollover TSA contract, the
enhanced death benefit for an annuitant age 45 would be calculated as follows:







- ----------------------------------------------------------------------------------------
   End of                           6% Roll-Up to age 85      Annual ratchet to age 85
 contract                               enhanced                    enhanced
   year         Account value       death benefit(1)              death benefit
- ----------------------------------------------------------------------------------------
                                                         
     1           $105,000             $  106,000(1)               $  105,000(3)
- ----------------------------------------------------------------------------------------
     2           $115,500             $  112,360(2)               $  115,500(3)
- ----------------------------------------------------------------------------------------
     3           $129,360             $  119,102(2)               $  129,360(3)
- ----------------------------------------------------------------------------------------
     4           $103,488             $  126,248(1)               $  129,360(4)
- ----------------------------------------------------------------------------------------
     5           $113,837             $  133,823(1)               $  129,360(4)
- ----------------------------------------------------------------------------------------
     6           $127,497             $  141,852(1)               $  129,360(4)
- ----------------------------------------------------------------------------------------
     7           $127,497             $  150,363(1)               $  129,360(4)
- ----------------------------------------------------------------------------------------




The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.


6% ROLL-UP TO AGE 85

(1)  At the end of contract year 1, and again at the end of contract years 4
     through 7, the death benefit will be the enhanced death benefit.

(2)  At the end of contract years 2 and 3, the death benefit will be the current
     account value since it is higher than the current enhanced death benefit.


ANNUAL RATCHET TO AGE 85

(3)  At the end of contract years 1 through 3, the enhanced death benefit is the
     current account value.

(4)  At the end of contract years 4 through 7, the enhanced death benefit is the
     enhanced death benefit at the end of the prior year since it is equal to or
     higher than the current account value.


GREATER OF 6% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
ratchet to age 85 or the current account value.*


*  At the end of contract years 1 and 4 through 7, the death benefit will be the
   enhanced death benefit. At the end of contract years 2 and 3, the death
   benefit will be the current account value.


D-1 Appendix IV: Enhanced death benefit example




Appendix V: Hypothetical illustrations

- --------------------------------------------------------------------------------
ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
                                   BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age
85" Guaranteed minimum death benefit, the Protection Plus(SM) benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) contract. The table illustrates the operation of a contract
based on a male, issue age 60, who makes a single $100,000 contribution and
takes no withdrawals. The amounts shown are for the beginning of each contract
year and assume that all of the account value is invested in portfolios that
achieve investment returns at constant gross annual rates of 0% and 6% (i.e.,
before any investment management fees, 12b-1 fees or other expenses are
deducted from the underlying portfolio assets). After the deduction of the
arithmetic average of the investment management fees, 12b-1 fees and other
expenses of all of the underlying Portfolios (as described below), the
corresponding net annual rates of return would be (2.56)% and 3.44% for the
Accumulator(R) contract, at the 0% and 6% gross annual rates, respectively.
These net annual rates of return reflect the trust and separate account level
charges, but they do not reflect the charges we deduct from your account value
annually for the optional Guaranteed minimum death benefit, Protection Plus(SM)
benefit, and the Guaranteed minimum income benefit features, as well as the
annual administrative charge. If the net annual rates of return did reflect
these charges, the net annual rates of return shown would be lower; however,
the values shown in the following tables reflect the following contract
charges: the "Greater of 6% Roll-Up to age 85 Annual Ratchet to age 85"
Guaranteed minimum death benefit charge, the Protection Plus(SM) benefit charge,
the Guaranteed minimum income benefit charge and any applicable administrative
charge and withdrawal charge. The values shown under "Lifetime annual
guaranteed minimum income benefit" reflect the lifetime income that would be
guaranteed if the Guaranteed minimum income benefit is selected at that
contract date anniversary. An "N/A" in these columns indicates that the benefit
is not exercisable in that year. A "0" under any of the death benefit and/or
"Lifetime annual guaranteed minimum income benefit" columns indicates that the
contract has terminated due to insufficient account value. However, the
Guaranteed minimum income benefit has been automatically exercised and the
owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

                                      Appendix V: Hypothetical illustrations E-1


Variable deferred annuity
Accumulator(R)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85 Guaranteed
    minimum death benefit
  Protection Plus(SM)
  Guaranteed minimum income benefit




                                                         Greater of 6%
                                                             Roll-Up
                                                        to age 85 or the
                                                             Annual                                     Lifetime Annual
                                                        Ratchet to age 85                      Guaranteed Minimum Income Benefit
                                                           Guaranteed      Total Death Benefit ----------------------------------
                                                          Minimum Death      with Protection      Guaranteed       Hypothetical
                   Account Value        Cash Value           Benefit             Plus(SM)             Income            Income
       Contract ------------------- ------------------ ------------------- ------------------- ----------------- ----------------
 Age     Year       0%        6%       0%        6%        0%        6%        0%        6%       0%       6%       0%       6%
- ----- --------- --------- --------- -------- --------- --------- --------- --------- --------- -------- -------- -------- -------
                                                                                   
 60        1     100,000  100,000    93,000    93,000   100,000  100,000    100,000  100,000     N/A      N/A      N/A      N/A
 61        2      95,774  101,753    88,774    94,753   106,000  106,000    108,400  108,400     N/A      N/A      N/A      N/A
 62        3      91,591  103,480    85,591    97,480   112,360  112,360    117,304  117,304     N/A      N/A      N/A      N/A
 63        4      87,445  105,177    81,445    99,177   119,102  119,102    126,742  126,742     N/A      N/A      N/A      N/A
 64        5      83,330  106,836    78,330   101,836   126,248  126,248    136,747  136,747     N/A      N/A      N/A      N/A
 65        6      79,240  108,451    76,240   105,451   133,823  133,823    147,352  147,352     N/A      N/A      N/A      N/A
 66        7      75,168  110,016    74,168   109,016   141,852  141,852    158,593  158,593     N/A      N/A      N/A      N/A
 67        8      71,108  111,523    71,108   111,523   150,363  150,363    170,508  170,508     N/A      N/A      N/A      N/A
 68        9      67,053  112,963    67,053   112,963   159,385  159,385    183,139  183,139     N/A      N/A      N/A      N/A
 69       10      62,996  114,329    62,996   114,329   168,948  168,948    196,527  196,527     N/A      N/A      N/A      N/A
 74       15      42,365  119,668    42,365   119,668   226,090  226,090    276,527  276,527   14,266   14,266   14,266   14,266
 79       20      20,435  121,358    20,435   121,358   302,560  302,560    383,584  383,584   20,393   20,393   20,393   20,393
 84       25           0  117,272         0   117,272         0  404,893          0  493,179   34,821   34,821   34,821   34,821
 89       30           0  119,623         0   119,623         0  429,187          0  517,472     N/A      N/A      N/A      N/A
 94       35           0  125,508         0   125,508         0  429,187          0  517,472     N/A      N/A      N/A      N/A
 95       36           0  126,796         0   126,796         0  429,187          0  517,472     N/A      N/A      N/A      N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.


E-2 Appendix V: Hypothetical illustrations




Appendix VI: Guaranteed principal benefit example

- --------------------------------------------------------------------------------


For purposes of these examples, we assume that there is an initial contribution
of $100,000, made to the contract on February 15, 2007. We also assume that no
additional contributions, no transfers among options and no withdrawals from
the contract are made. For GPB Option 1, the example also assumes that a 10
year fixed maturity option is chosen. The hypothetical gross rates of return
with respect to amounts allocated to the variable investment options are 0%, 6%
and 10%. The numbers below reflect the deduction of all applicable separate
account and contract charges and also reflect the charge for GPB Option 2.
Also, for any given performance of your variable investment options, GPB Option
1 produces higher account values than GPB Option 2 unless investment
performance has been significantly positive. The examples should not be
considered a representation of past or future expenses. Similarly, the annual
rates of return assumed in the example are not an estimate or guarantee of
future investment performance.






- ------------------------------------------------------------------------------------------------------------------
                                                                                           Assuming 100%
                                                      Assuming                            in the variable
                                                    100% in the   Under GPB   Under GPB      investment
                                                        FMO        Option 1    Option 2       options
- ------------------------------------------------------------------------------------------------------------------
                                                                              
Amount allocated to FMO on February 15, 2007
based upon a 3.89% rate to maturity                   100,000       68,250      40,000           --
- ------------------------------------------------------------------------------------------------------------------
Initial account value allocated to the variable
investment options on February 15, 2007                  0          31,750      60,000        100,000
- ------------------------------------------------------------------------------------------------------------------
Account value in the fixed maturity option on
February 15, 2017                                     146,512      100,000      58,605           0
- ------------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of the
applicable fixed maturity option plus the value of
amounts in the variable investment options on
February 15, 2017, assuming a 0% gross rate of
return)                                               146,512      124,497     100,447*        77,157
- ------------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of the
applicable fixed maturity option plus the value of
amounts in the variable investment options on
February 15, 2017, assuming a 6% gross rate of
return)                                               146,512      144,528     135,828*       140,244
- ------------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of the
applicable fixed maturity option plus the value of
amounts in the variable investment options on
February 15, 2017, assuming a 10% gross rate of
return)                                               146,512      165,073     172,223*       204,956
- ------------------------------------------------------------------------------------------------------------------




*  Since the annuity account value is greater than the alternate benefit under
   GPB Option 2, GPB Option 2 will not affect the annuity account value.



                           Appendix VI: Guaranteed principal benefit example F-1




Appendix VII: Protection Plus(SM) example

- --------------------------------------------------------------------------------


The following illustrates the calculation of a death benefit that includes
Protection Plus for an annuitant age 45. The example assumes a contribution of
$100,000 and no additional contributions. Where noted, a single withdrawal in
the amount shown is also assumed. If you purchased your contract after
approximately September 2003, the example shown in the second and third columns
apply. For all other contract owners, the example in the last two columns
apply. The calculation is as follows:





                                                                                                         $  3000         $ 6000
                                                                                                        withdrawal -    withdrawal -
                                                               No            $3000          $6000        Prorata         Prorata
                                                            Withdrawal     withdrawal     withdrawal    Treatment       Treatment
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                         
A   Initial Contribution                                    100,000          100,000        100,000      100,000           100,000
- ------------------------------------------------------------------------------------------------------------------------------------
B   Death Benefit: prior to withdrawal.*                    104,000          104,000        104,000      104,000           104,000
- ------------------------------------------------------------------------------------------------------------------------------------
    Protection Plus Earnings: Death Benefit less net
C   contributions (prior to the withdrawal in D).             4,000           4,000          4,000          N/A               N/A
    B minus A.
- ------------------------------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                    0           3,000          6,000         3,000            6,000
- ------------------------------------------------------------------------------------------------------------------------------------
    Withdrawal % as a % of AV (assuming Death                  0.00%           N/A            N/A           2.88%            5.77%
E   Benefit = AV)
    greater of D divided by B
- ------------------------------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Protection Plus             0             0            2,000          N/A               N/A
F   earnings
    greater of D minus C or zero
- ------------------------------------------------------------------------------------------------------------------------------------
    Net Contributions (adjusted for the withdrawal in D)    100,000          100,000        98,000        97,115           94,231
G   A reduced for E or F
- ------------------------------------------------------------------------------------------------------------------------------------
    Death Benefit (adjusted for the withdrawal in D)        104,000          101,000        98,000       101,000           98,000
H   B minus D
- ------------------------------------------------------------------------------------------------------------------------------------
    Death Benefit less Net Contributions                      4,000           1,000            0           3,885            3,769
I   H minus G                                                    40%           40%            40%           40%              40%
- ------------------------------------------------------------------------------------------------------------------------------------
J   Protection Plus Factor
- ------------------------------------------------------------------------------------------------------------------------------------
    Protection Plus Benefit                                   1,600            400             0           1,554            1,508
K   I times J
- ------------------------------------------------------------------------------------------------------------------------------------
    Death Benefit: Including Protection Plus                105,600          101,400        98,000       102,554           99,508
L   H plus K
- ------------------------------------------------------------------------------------------------------------------------------------



*  The Death Benefit is the greater of the Account Value or any applicable death
   benefit.


G-1 Appendix VII: Protection Plus(SM) example




Appendix VIII: State contract availability and/or variations of certain
features and benefits

- --------------------------------------------------------------------------------


The following information is a summary of the states where the Accumulator(R)
contract or certain features and/or benefits are either not available as of the
date of this Prospectus or vary from the contract's features and benefits as
previously described in this Prospectus. Please note that this may not be a
complete list and the availability of features and benefits are subject to
state approval and approval may be pending in your state. Additionally, certain
features and/or benefits may have been approved in your state after your
contract was issued and cannot be added. Please contact your financial
professional for more information about availability in your state. See also
the "Contract Variations" appendix later in this Prospectus for information
about the availability of certain features and their charges, if applicable,
under your contract.



STATES WHERE CERTAIN ACCUMULATOR(R) FEATURES AND/OR BENEFITS ARE NOT AVAILABLE
OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:





- ------------------------------------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                     Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                 
CALIFORNIA      See "Contract features and benefits"--"Your right to   If you reside in the state of California and you are age 60
                cancel within a certain number of days"                and older at the time the contract is issued, you may return
                                                                       your vari- able annuity contract within 30 days from the
                                                                       date that you receive it and receive a refund as described
                                                                       below. If you allocate your entire initial contribution to
                                                                       the money mar- ket account (and/or guaranteed interest
                                                                       option, if available), the amount of your refund will be
                                                                       equal to your contribution less interest, unless you make a
                                                                       transfer, in which case the amount of your refund will be
                                                                       equal to your account value on the date we receive your
                                                                       request to cancel at our processing office. This amount
                                                                       could be less than your initial contribution. If you allo-
                                                                       cate any portion of your initial contribution to the
                                                                       variable investment options (other than the money market
                                                                       account) and/or fixed maturity options, your refund will be
                                                                       equal to your account value on the date we receive your
                                                                       request to cancel at our processing office.
- ------------------------------------------------------------------------------------------------------------------------------------
FLORIDA         See "Transfer of ownership, collateral assignments,    The second paragraph in this section is deleted.
                loans and borrowing" in "More information"
- ------------------------------------------------------------------------------------------------------------------------------------
ILLINOIS        See "Selecting an annuity payout option" under "Your   Annuity payments may be elected twelve months from the con-
                annuity payout options" in "Accessing your money"      tract date.
- ------------------------------------------------------------------------------------------------------------------------------------
MARYLAND        Fixed maturity options                                 Not Available

                Guaranteed principal benefit option1 and Guaranteed    Not Available
                principal benefit option 2
- ------------------------------------------------------------------------------------------------------------------------------------
MASSACHUSETTS   Automatic investment program                           Not Available

                Annual administrative charge                           The annual administrative charge will not be deducted from
                                                                       amounts allocated to the Guaranteed interest option.
                See "How you can purchase and contribute to your       Additional contributions are limited to the first three years
                contract" in "Contract features and benefits"          after the contract issue date only.

                See "Disability, terminal illness, or confinement to   This section is deleted in its entirety.
                nursing home" under "Withdrawal charge" in
                "Charges and expenses"
- ------------------------------------------------------------------------------------------------------------------------------------
NEW YORK        Greater of the 6% Roll-Up or Annual Ratchet Guaran-    Not Available (you have a choice of the standard death
                teed minimum death benefit                             benefit or the Annual Ratchet to age 85 guaranteed minimum
                                                                       death benefit), as described earlier in this Prospectus.

                Guaranteed minimum death benefit/guaranteed mini-      Not Available
                mum income benefit roll-up benefit base reset
- ------------------------------------------------------------------------------------------------------------------------------------



                           Appendix VIII: State contract availability and/or
                                 variations of certain features and benefits H-1








- ------------------------------------------------------------------------------------------------------------------------------------
 State       Features and Benefits                                     Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                        
NEW YORK,   Guaranteed minimum income benefit no lapse guar-         Not Available
CONTINUED   antee

            Principal Protector(SM)                                  Not Available

            Protection Plus(SM)                                      Not Available

            See "Contract features and benefits" -- "Self directed   No more than 25% of any contribution may be allocated to the
            allocation" (for contracts issued from approximately     guaranteed interest option.
            February 2004 to present).

            See "Insufficient account value" in "Determining your    If your account value in the variable investment options and
            contract's value"                                        the fixed maturity options is insufficient to pay the annual
                                                                     administrative charge, or either enhanced death benefit charge
                                                                     and/or the guaranteed minimum income benefit charge, and you
                                                                     have no account value in the guaranteed interest option,
                                                                     your contract will terminate without value, and you will lose
                                                                     any applicable benefits. See "Charges and expenses" earlier in
                                                                     this Prospectus.

            See "Transferring your account value" in "Transferring   The following information is added as the sixth and seventh
            your money among investment options" (for contracts      bullets in this section:
            issued from approximately February 2004 to present).     o In all contract years, a transfer into the guaranteed
                                                                       interest option will not be permitted if such transfer would
                                                                       result in more than 25% of the annuity account value being
                                                                       allocated to the guaranteed interest option, based on the
                                                                       annuity account value as of the previous business day.

            See "Rebalancing your account value" in "Transferring    Under Option II, transfers into the Guaranteed interest option
            your money among investment options" (for contracts      are not permitted if they violate the transfer rules.
            issued from approximately February 2004 to present).

            See "The amount applied to purchase an annuity           For fixed annuity period certain payout options only, the
            payout option" in "Accessing your money"                 amount applied to the annuity benefit is the greater of the
                                                                     cash value or 95% of what the account value would be if no
                                                                     withdrawal charge applied. The income provided, however, will
                                                                     never be less than what would be provided by applying the
                                                                     account value to the guaranteed annuity purchase factors.

            See "Annuity maturity date" in "Accessing your           The maturity date by which you must take a lump sum with-
            money"                                                   drawal or select an annuity payout option is as follows:

                                                                                             Maximum
                                                                     Issue age               Annuitization age
                                                                     ---------               -----------------
                                                                     0-80                    90
                                                                     81                      91
                                                                     82                      92
                                                                     83                      93
                                                                     84                      94
                                                                     85                      95
                                                                     Please see this section earlier in this Prospectus for more
                                                                     information.
- ------------------------------------------------------------------------------------------------------------------------------------



H-2 Appendix VIII: State contract availability and/or variations of certain
      features and benefits







- ----------------------------------------------------------------------------------------------------------------------------------
 State       Features and Benefits                                         Availability or Variation
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                              
NEW YORK    See "Charges and expenses"                     With regard to the Annual administrative, either enhanced death
CONTINUED                                                  benefit, Guaranteed principal benefit option 2 and Guaranteed
                                                           minimum income benefit charges, respectively, we will deduct the
                                                           related charge, as follows for each: we will deduct the charge from
                                                           your value in the variable investment options on a pro rata basis.
                                                           If those amounts are insufficient, we will deduct all or a portion
                                                           of the charge from the fixed maturity options (other than the
                                                           Special 10 year fixed maturity option) in the order of the earliest
                                                           maturity date(s) first. If such fixed maturity option amounts are
                                                           insufficient, we will deduct all or a portion of the charge from
                                                           the account for special dollar cost averaging (not available if the
                                                           Guaranteed principal benefit option is elected). If such amounts
                                                           are still insufficient, we will deduct any remaining portion from
                                                           the Special 10 year fixed maturity option. If the contract is
                                                           surrendered or annuitized or a death benefit is paid, we will
                                                           deduct a pro rata portion of the charge for that year. A market
                                                           value adjustment will apply to deductions from the fixed maturity
                                                           options (including the Special 10 year fixed maturity option).

                                                           Deductions from the fixed maturity options (including the Special
                                                           10 year fixed maturity option) cannot cause the credited net
                                                           interest for the contract year to fall below 1.5%.

                                                           With regard to the Annual administrative, either enhanced death
                                                           benefit and the Guaranteed minimum income benefit charges only, if
                                                           your account value in the variable investment options and the fixed
                                                           maturity options is insufficient to pay the applicable charge, and
                                                           you have no account value in the guaranteed inter- est option, your
                                                           contract will terminate without value and you will lose any
                                                           applicable guaranteed benefits. Please see "Insuffi- cient account
                                                           value" in "Determining your contract's value" earlier in this
                                                           Prospectus.

            Fixed maturity options -- withdrawal charges   The withdrawal charge that applies to withdrawals taken from
                                                           amounts in the fixed maturity options will never exceed 7% and will
                                                           be determined by applying the New York Alternate Scale I shown
                                                           below. If you withdraw amounts that have been trans- ferred from
                                                           one fixed maturity option to another, we use the New York Alternate
                                                           Scale II (also shown below) if it produces a higher charge than
                                                           Alternate Scale I.

                                                           The withdrawal charge may not exceed the withdrawal charge that
                                                           would normally apply to the contract. If a contribution has been in
                                                           the contract for more than 7 years and therefore would have no
                                                           withdrawal charge, no withdrawal charge will apply. Use of a New
                                                           York Alternate Scale can only result in a lower charge. We will
                                                           compare the result of applying Alternate Scale I or II, as the case
                                                           may be, to the result of applying the normal withdrawal charge, and
                                                           will charge the lower withdrawal charge.

                                                           ----------------------------------------------------------------------
                                                           NY Alternate Scale I        NY Alternate Scale II
                                                           ----------------------------------------------------------------------
                                                           Year of investment in fixed Year of transfer within fixed
                                                           maturity option*            maturity option*
                                                           ----------------------------------------------------------------------
                                                           Within year 1           7%  Within year 1             5%
                                                           ----------------------------------------------------------------------
                                                             2                     6%    2                       4%
                                                           ----------------------------------------------------------------------
                                                             3                     5%    3                       3%
- ---------------------------------------------------------------------------------------------------------------------------------


                           Appendix VIII: State contract availability and/or
                                 variations of certain features and benefits H-3








- -----------------------------------------------------------------------------------------------------------------------------------
 State       Features and Benefits                                                  Availability or Variation
- -----------------------------------------------------------------------------------------------------------------------------------
                                                             
NEW YORK,                                                          NY Alternate Scale I          NY Alternate Scale II
CONTINUED                                                          Year of investment in fixed   Year of transfer within fixed
                                                                   maturity option*              maturity option*
                                                                   ----------------------------------------------------------------
                                                                        4                  4%        4                      2%
                                                                   ----------------------------------------------------------------
                                                                        5                  3%        5                      1%
                                                                   ----------------------------------------------------------------
                                                                        6                  2%      After year 5              0
                                                                   ----------------------------------------------------------------
                                                                        7                  1%
                                                                   ----------------------------------------------------------------
                                                                   After year 7            0%     Not to exceed 1% times the
                                                                                                  number of years remaining in
                                                                                                  the fixed maturity option,
                                                                                                  rounded to the higher number
                                                                                                  of years. In other words, if 4.3
                                                                                                  years remain, it would be a 5%
                                                                                                  charge.
                                                                   ----------------------------------------------------------------
                                                                   * Measured from the contract date anniversary prior to the
                                                                     date of the contribution or transfer

                                                                   If you take a withdrawal from an investment option other than
                                                                   the fixed maturity options, the amount available for withdrawal
                                                                   without a withdrawal charge is reduced. It will be reduced by
                                                                   the amount of the contribution in the fixed maturity options to
                                                                   which no withdrawal charge applies.

                                                                   You should consider that on the maturity date of a fixed
                                                                   maturity option if we have not received your instructions for
                                                                   allocation of your maturity value, we will transfer your
                                                                   maturity value to the fixed maturity option with the shortest
                                                                   available maturity. If we are not offering other fixed maturity
                                                                   options, we will transfer your maturity value to the EQ/Money
                                                                   Market option.

                                                                   The potential for lower withdrawal charges for withdrawals from
                                                                   the fixed maturity options and the potential for a lower "free
                                                                   withdrawal amount" than what would normally apply, should be
                                                                   taken into account when deciding whether to allocate amounts
                                                                   to, or transfer amounts to or from, the fixed maturity options.

- -----------------------------------------------------------------------------------------------------------------------------------
OREGON      Fixed maturity options                                 Not Available

            Guaranteed principal benefit option 1 and Guaranteed   Not Available
            principal benefit option 2

            Flexible Premium IRA and                               Not Available
            Flexible Premium Roth IRA

            See "How you can purchase and contribute to your       o Subsequent contributions are not permitted. This is a single
            contract" in "Contract features and benefits"            premium product.
                                                                   o Section 1035 exchanges, rollovers, multiple assignments
                                                                     and/or transfers are permitted provided that all documenta-
                                                                     tion is complete and received with the application.
- -----------------------------------------------------------------------------------------------------------------------------------



H-4 Appendix VIII: State contract availability and/or variations of certain
      features and benefits








- ------------------------------------------------------------------------------------------------------------------------------------
 State          Features and Benefits                                    Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                
OREGON,        See "Lifetime required minimum distribution with-      We generally will not impose a withdrawal charge on minimum
CONTINUED      drawals" in "Accessing your money"                     distribution withdrawals even if you are not enrolled in our
                                                                      automatic RMD service except if, when added to a lump sum
                                                                      withdrawal previously taken in the same contract year, the
                                                                      mini- mum distribution withdrawals exceed the 10% free
                                                                      withdrawal amount. In order to avoid a withdrawal charge in
                                                                      connection with minimum distribution withdrawals outside of
                                                                      our automatic RMD service, you must notify us using our
                                                                      request form. Such minimum distribution withdrawals must be
                                                                      based solely on your contract's account value.

               See "Selecting an annuity payout option" in "Access-   The annuity commencement date may not be earlier than seven
               ing your money"                                        years from the contract issue date.

               See "Disability, terminal illness, or confinement to   Item (i) is deleted in its entirety.
               nursing home" under "Withdrawal charge" in
               "Charges and expenses"

               Automatic Investment Program                           Not Available

               See "Special dollar cost averaging program" in "Con-   The special dollar cost averaging program may only be selected
               tract Features and Benefits"                           at the time of application.

               See "We require that the following types of communi-   The following is added:
               cations be on specific forms we provide for that         (20) requests for required minimum distributions, other than
               purpose:" in "Who is AXA Equitable?"                          pursuant to our automatic RMD service.
- ------------------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA   Contribution age limitations                           The following contribution limits apply:

                                                                                             Maximum
                                                                      Issue age              Contribution age
                                                                      ---------              ----------------
                                                                      0-75                   79
                                                                      76                     80
                                                                      77                     81
                                                                      78-80                  82
                                                                      81-83                  84
                                                                      84                     85
                                                                      85                     86

               Special dollar cost averaging program                  In Pennsylvania, we refer to this program as "enhanced rate
                                                                      dollar cost averaging."

               Withdrawal charge schedule for issue ages 84 and 85    For annuitants that are ages 84 and 85 when the contract is
                                                                      issued in Pennsylvania, the withdrawal charge will be
                                                                      computed in the same manner as for other contracts as
                                                                      described in "Charges and expenses" under "Withdrawal charge"
                                                                      earlier in this Prospectus, except that the withdrawal charge
                                                                      schedule will be different. For these contracts, the
                                                                      withdrawal charge schedule will be 5% of each contribution
                                                                      made in the first contract year, decreasing by 1% each
                                                                      subsequent contract year to 0% in the sixth and later contract
                                                                      years.
- ------------------------------------------------------------------------------------------------------------------------------------



                           Appendix VIII: State contract availability and/or
                                 variations of certain features and benefits H-5








- ------------------------------------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                    Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                  
PENNSYLVANIA,   See "Annuity maturity date" in "Accessing your          The maturity date by which you must take a lump sum with-
CONTINUED       money"                                                  drawal or select an annuity payout option is as follows:

                                                                                              Maximum
                                                                        Issue age             annuitization age
                                                                        ---------             -----------------
                                                                        0-75                  85
                                                                        76                    86
                                                                        77                    87
                                                                        78-80                 88
                                                                        81-85                 90

                Loans under Rollover TSA contracts                      Taking a loan in excess of the Internal Revenue Code limits
                                                                        may result in adverse tax consequences. Please consult
                                                                        your tax adviser before taking a loan that exceeds the
                                                                        Internal Revenue Code limits.
- ------------------------------------------------------------------------------------------------------------------------------------
PUERTO RICO     IRA, Roth IRA, Inherited IRA, QP and Rollover TSA       Not Available
                contracts

                Beneficiary continuation option (IRA)                   Not Available
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS           See "Annual administrative charge" in "Charges and      The annual administrative charge will not be deducted from
                expenses"                                               amounts allocated to the Guaranteed interest option.
- ------------------------------------------------------------------------------------------------------------------------------------
UTAH            See "Transfers of ownership, collateral assignments,    The second paragraph in this section is deleted.
                loans and borrowing" in "More information"
- ------------------------------------------------------------------------------------------------------------------------------------
VERMONT         Loans under Rollover TSA contracts                      Taking a loan in excess of the Internal Revenue Code limits
                                                                        may result in adverse tax consequences. Please consult your
                                                                        tax adviser before taking a loan that exceeds the Internal
                                                                        Revenue Code limits.
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON      Guaranteed interest option (for contracts issued from   Not Available
                approximately December 2004-December 2006)

                Investment simplifier -- Fixed-dollar option and        Not Available
                Interest sweep option

                Fixed maturity options                                  Not Available

                Guaranteed Principal Benefit Options 1 and 2            Not Available

                Income Manager(SM) payout option                        Not Available

                Protection Plus(SM)                                     Not Available

                Special dollar cost averaging program (for contracts    o   Available only at issue.
                issued from approximately December 2004-December 2006)  o   Subsequent contributions cannot be used to elect new
                                                                            programs. You may make subsequent contributions to the
                                                                            initial programs while they are still running.

                See "Guaranteed minimum death benefit" in "Con-         You have a choice of the standard death benefit, the Annual
                tract features and benefits"                            Ratchet to age 85 enhanced death benefit, or the Greater
                                                                        of 4% Roll-Up to age 85 or the Annual Ratchet to age 85
                                                                        enhanced death benefit.
                See "Annual administrative charge" in "Charges and      The annual administrative charge will be deducted from the
                expenses"                                               value in the variable investment options on a pro
                                                                        rata basis.

                See "Withdrawal charge" in "Charges and expenses"       The 10% free withdrawal amount applies to full surrenders.
- ------------------------------------------------------------------------------------------------------------------------------------



H-6 Appendix VIII: State contract availability and/or variations of certain
    features and benefits








- ------------------------------------------------------------------------------------------------------------------------------------
 State         Features and Benefits                                     Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                               
WASHINGTON,   See "Disability, terminal illness, or confinement to   The annuitant has qualified to receive Social Security
CONTINUED     nursing home" under "Withdrawal charge" in             disability benefits as certified by the Social Security
              "Charges and expenses"                                 Administration or a statement from an independent U.S. licensed
                                                                     physician stating that the annuitant meets the definition of
                                                                     total disability for at least 6 continuous months prior to the
                                                                     notice of claim. Such disability must be re-certified every 12
                                                                     months.
- ------------------------------------------------------------------------------------------------------------------------------------



                           Appendix VIII: State contract availability and/or
                                 variations of certain features and benefits H-7




Appendix IX: Contract variations

- --------------------------------------------------------------------------------


You may be receiving this Prospectus as a current contract owner. If you are a
current contract owner, you should note that your contract's options, features
and charges may vary from what is described in this Prospectus depending on the
approximate date on which you purchased your contract. You may not change your
contract or its features after issue. This Appendix reflects contract
variations that differ from what is described in this Prospectus but may have
been in effect at the time your contract was issued. If you purchased your
contract during the "Approximate Time Period" below, the noted variation may
apply to you.


In addition, options and/or features may vary among states in light of
applicable regulations or state approvals. Any such state variations are
generally not included here but instead included in Appendix VIII earlier in
this section. For more information about state variations applicable to you, as
well as particular features, charges and options available under your contract
based upon when you purchased it, please contact your financial professional
and/or refer to your contract.




- -----------------------------------------------------------------------------------------------------------------------------
 Approximate Time Period        Feature/Benefit                              Variation
- -----------------------------------------------------------------------------------------------------------------------------
                                                                      
April 2002 - November 2002     Inherited IRA beneficiary Continuation       Unavailable -- accordingly, all references in
                               contract                                     this Prospectus to "Inherited IRA beneficiary
                                                                            Continuation contract" are deleted in their
                                                                            entirety.
- -----------------------------------------------------------------------------------------------------------------------------
April 2002 - February 2003     Guaranteed minimum income benefit            The fee for this benefit was 0.45%.

                               Annual Ratchet to age 85                     The fee for this benefit was 0.20%.

                               6% Roll-Up to age 85                         The fee for this benefit was 0.35%.

                               The Greater of 6% Roll-Up to age 85 of the   The fee for this benefit was 0.45%.
                               Annual Ratchet to age 85
- -----------------------------------------------------------------------------------------------------------------------------
April 2002 - September 2003.   The guaranteed principal benefits            GPB 2 -- unavailable

                                                                            GPB 1 known as Principal assurance.

                                                                            GPB 1 available with both systematic and
                                                                            substantially equal withdrawals.

                                                                            GPB 1 available with the Guaranteed minimum
                                                                            income benefit.

                               Spousal protection                           Unavailable -- accordingly, all references in
                                                                            this Prospectus to "Spousal protection" are
                                                                            deleted in their entirety.

                               Maximum contributions                        The maximum contributions permitted under all
                                                                            Accumulator series contracts with the same
                                                                            owner or annuitant is $1,500,000.

                               NQ contract maximum issue age                90

                               Guaranteed minimum death benefit maximum     84 (not including Flexible Premium IRA and QP
                               issue age                                    contracts)

                               Protection Plus                              The maximum issue age for this benefit was
                                                                            79.

                                                                            For issue ages 71-79, the applicable death
                                                                            benefit will be multiplied by 25%.

                                                                            In calculating the death benefit, contributions
                                                                            are decreased for withdrawals on a pro rata
                                                                            basis.
- -----------------------------------------------------------------------------------------------------------------------------



I-1 Appendix IX: Contract variations





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                              
April 2002 - September 2003, continued   Guaranteed option charges                  If the contract is surrendered or annuitized or
                                                                                    the a death benefit is paid on a date other than
                                                                                    the contract date anniversary, we will not
                                                                                    deduct a pro rata portion of the charge for any
                                                                                    applicable guaranteed benefit.

                                         Withdrawals treated as surrenders          We will not treat a withdrawal that results in a
                                                                                    cash value of less than $500 as a request for a
                                                                                    surrender. We will not terminate your contract
                                                                                    if you do not make contributions for three
                                                                                    contract years.

                                         Guaranteed minimum income benefit option   Subject to state availability, this option
                                                                                    guarantees you a minimum amount of fixed
                                                                                    income under your choice of a life annuity fixed
                                                                                    payout option or an Income Manager level
                                                                                    payment life with a period certain payout
                                                                                    option
                                                                                    Known as the Living Benefit

                                         Annuitant issue age                        Ages 86-90. For contracts with an annuitant
                                                                                    who was age 86-90 at issue, the following
                                                                                    apply: (1) standard death benefit only was
                                                                                    available, and (2) no withdrawal charge
                                                                                    applies.

                                         Partial withdrawals                        Your free withdrawal amount is 15%.

                                         Systematic withdrawals                     Your systematic withdrawal may not exceed
                                                                                    1.20% (monthly), 3.60% (quarterly) or 15%
                                                                                    (annually) of account value.
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - July 2004                   Principal Protector(SM) benefit            Unavailable -- accordingly, all references in
                                                                                    this Prospectus to "Principal Protector" are
                                                                                    deleted in their entirety.
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - December 2004               Termination of guaranteed benefits         Your guaranteed benefits will not automatically
                                                                                    terminate if you change ownership of your NQ
                                                                                    contract.

                                         Ownership Transfer of NQ                   If you transfer ownership of your NQ contract,
                                                                                    your guaranteed benefit options will not be
                                                                                    automatically terminated.
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - January 2005                No lapse guarantee                         Unavailable. Accordingly, all references to this
                                                                                    feature are deleted in their entirety.
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - October 2005                Roll-Up benefit base reset                 Unavailable. Accordingly, all references to this
                                                                                    feature are deleted in their entirety.

- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - current                     Guaranteed interest option                 Your lifetime minimum interest rate is either
                                                                                    1.5%, 2.25% or 3.0% (depending on the state
                                                                                    and time where your contract was issued).
- ------------------------------------------------------------------------------------------------------------------------------------
March 2003 - September 2003              Annual Ratchet to age 85                   The fee for this benefit is 0.30%.

                                         6% Roll-Up to age 85                       The fee for this benefit is 0.45%.

                                         Guaranteed minimum income benefit          The fee for this benefit is 0.60%.
- ------------------------------------------------------------------------------------------------------------------------------------



                                            Appendix IX: Contract variations I-2







- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
September 2003 - January 2004            Guaranteed minimum income benefit and
                                         Greater of the 6% Roll-Up to age 85 or the
                                         Annual Ratchet to age 85 enhanced death
                                         benefit:

                                         o Benefit base crediting rate                The effective annual interest credited to the
                                                                                      applicable benefit base is 5%.* Accordingly,
                                                                                      all references in this Prospectus to the "6%
                                                                                      Roll-Up benefit base" are deleted in their
                                                                                      entirety and replaced with "5% Roll-Up benefit
                                                                                      base."

                                         o Fee table                                  Greater of the 5% Roll-Up to age 85 or the
                                                                                      Annual Ratchet to age 85 enhanced death
                                                                                      benefit charge: 0.50%.*

                                                                                      Guaranteed minimum income benefit charge:
                                                                                      0.55%*

                                         o Effect of withdrawals on your Greater of   Withdrawals will reduce each of the benefit
                                           the 5% Roll-Up to age 85 or the Annual     bases on a pro rata basis only.
                                           Ratchet to age 85 enhanced death benefit

- ------------------------------------------------------------------------------------------------------------------------------------
September 2003 - February 2004 (for the  How withdrawals affect your Guaranteed       In calculating whether your withdrawal will
Guaranteed minimum income benefit) and   minimum income benefit and Greater of the    reduce your the Roll-Up benefit base portion
January 2004 - February 2005 (for the    6% Roll-Up to age 85 or the Annual Ratchet   of your Guaranteed minimum income benefit base
Greater of the 6% Roll-Up to age 85 or   to age 85 enhanced death benefit:            on a pro rata or dollar-for-dollar basis,
the Annual Ratchet to age 85 enhanced                                                 withdrawal charges will be included in the
death benefit:)                                                                       withdrawal amount.
- ------------------------------------------------------------------------------------------------------------------------------------
September 2003 - present                 6% Roll-Up to age 85 enhanced death benefit  Unavailable -- accordingly all references to
                                                                                      this feature are deleted in their entirety.
- ------------------------------------------------------------------------------------------------------------------------------------
January 2004 - present                   Greater of 5% Roll-Up to age 85 or the       Unavailable -- accordingly all references to
                                         Annual Ratchet to age 85 enhanced death      this feature are deleted in their entirety.
                                         benefit
- ------------------------------------------------------------------------------------------------------------------------------------



*    Contract owners who elected the Guaranteed minimum income benefit and/or
     the Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to age 85
     enhanced death benefit had a limited opportunity to change to the new
     versions of these benefits, as they are described in "Contract features and
     benefits" and "Accessing your money," earlier in this Prospectus.


I-3 Appendix IX: Contract variations




Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS


                                                                           Page

Who is AXA Equitable?                                                        2
Unit Values                                                                  2
Custodian and Independent Registered Public Accounting Firm                  2
Distribution of the Contracts                                                2
Financial Statements                                                         3



How to Obtain an Accumulator(R) Statement of Additional Information for
Separate Account No. 49

Send this request form to:
  Accumulator(R)
  P.O. Box 1547
  Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me an Accumulator(R) SAI for Separate Account No. 49 dated
May 1, 2007.



- --------------------------------------------------------------------------------
Name:


- --------------------------------------------------------------------------------
Address:


- --------------------------------------------------------------------------------
City           State    Zip













                                 Core '02, OR, '04; Jumpstart '07 and '07 Series
                                                                          x01479




Accumulator(R)
A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains important
information that you should know before purchasing or taking any other action
under your contract. You should read the prospectuses for each Trust, which
contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS ACCUMULATOR(R)?


Accumulator(R) is a deferred annuity contract issued by AXA Equitable Life
Insurance Company. It provides for the accumulation of retirement savings and
for income. The contract offers income and death benefit protection. It also
offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option, fixed maturity options, or the account for special
dollar cost averaging ("investment options"). This contract may not currently be
available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.



- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
                                       
o AXA Aggressive Allocation(1)             o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)           o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)      o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)               o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)          o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock        o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and          o EQ/Lord Abbett Mid Cap Value
  Income++                                 o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate        o EQ/MFS Emerging Growth Companies+
  Government Securities                    o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International       o EQ/Money Market
o EQ/AllianceBernstein Large Cap           o EQ/Montag & Caldwell Growth
  Growth                                   o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond        o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap           o EQ/Oppenheimer Main Street
  Growth                                     Opportunity
o EQ/AllianceBernstein Value               o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                   Cap
o EQ/AXA Rosenberg Value Long/Short        o EQ/PIMCO Real Return
  Equity                                   o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*         o EQ/Small Cap Value+
o EQ/BlackRock International Value*        o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income         o EQ/Small Company Index
o EQ/Calvert Socially Responsible          o EQ/TCW Equity++
o EQ/Capital Guardian Growth               o EQ/Templeton Growth
o EQ/Capital Guardian International+       o EQ/UBS Growth and Income
o EQ/Capital Guardian Research             o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++        o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond          Equity
o EQ/Davis New York Venture                o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                      o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond            Cap++
o EQ/Evergreen Omega                       o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                            o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                     o Multimanager Health Care*
o EQ/Franklin Income                       o Multimanager High Yield*
o EQ/Franklin Small Cap Value              o Multimanager International Equity*
o EQ/Franklin Templeton Founding           o Multimanager Large Cap Core Equity*
  Strategy**                               o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions        o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value             o Multimanager Mid Cap Growth*
o EQ/International Growth                  o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++              o Multimanager Technology*
                                           o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------




(1) The "AXA Allocation" portfolios.
 *  This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits" later in this Prospectus for the investment
    option's former name.
**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.
+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.
++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of the
related portfolio.

You may also allocate amounts to the guaranteed interest option, the fixed
maturity options, and the account for special dollar cost averaging, which are
discussed later in this Prospectus. If you elect the Guaranteed withdrawal
benefit for life or a Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and certain permitted variable investment option(s). The
permitted variable investment options are described later in this Prospectus.


TYPES OF CONTRACTS. We offer the contracts for use as:

o A nonqualified annuity ("NQ") for after-tax contributions only.
o An individual retirement annuity ("IRA"), either traditional IRA or Roth IRA.
  We offer two versions of the traditional IRA: "Rollover IRA" and "Flexible
  Premium IRA." We also offer two versions of the Roth IRA: "Roth Conversion
  IRA" and "Flexible Premium Roth IRA."

o Traditional and Roth Inherited IRA beneficiary continuation contract
  ("Inherited IRA") (direct transfer and specified direct rollover
   contributions only).

o  An annuity that is an investment vehicle for a qualified defined contribution
   plan ("QP") (Rollover and direct transfer contributions only).
o  An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $5,000 is required to purchase an NQ, Rollover IRA,
Roth Conversion IRA, Inherited IRA, QP, or Rollover TSA contract. For Flexible
Premium IRA and Flexible Premium Roth IRA contracts, we require a contribution
of $4,000 to purchase a contract.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other agency.
They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of principal.

                                                          X01467/Core '06 Series

                                                                        (R-4/15)




Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this Prospectus.
This Prospectus and the SAI can also be obtained from the SEC's website at
www.sec.gov. The table of contents for the SAI appears at the back of this
Prospectus.






Contents of this Prospectus
- --------------------------------------------------------------------------------
ACCUMULATOR(R)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               5
Who is AXA Equitable?                                                        7
How to reach us                                                              8
Accumulator(R) at a glance -- key features                                  10

- --------------------------------------------------------------------------------
FEE TABLE                                                                   13
- --------------------------------------------------------------------------------
Example                                                                     17
Condensed financial information                                             22

- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           23
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        23
Owner and annuitant requirements                                            30
How you can make your contributions                                         30
What are your investment options under the contract?                        30
Portfolios of the Trusts                                                    32
Allocating your contributions                                               38
Guaranteed minimum death benefit and
  Guaranteed minimum income benefit base                                    40
Annuity purchase factors                                                    41
Guaranteed minimum income benefit option                                    41
Guaranteed minimum death benefit                                            44
Guaranteed withdrawal benefit for life ("GWBL")                             45
Principal guarantee benefits                                                49
Inherited IRA beneficiary continuation contract                             49
Your right to cancel within a certain number of days                        50

- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        52
- --------------------------------------------------------------------------------
Your account value and cash value                                           52
Your contract's value in the variable investment options                    52
Your contract's value in the guaranteed interest option                     52
Your contract's value in the fixed maturity options                         52
Your contract's value in the account for special dollar
  cost averaging                                                            52
Insufficient account value                                                  52

- ----------------------


                                                              
"We," "our," and "us" refer to AXA Equitable.                     When we use the word "contract" it also includes certificates that
When we address the reader of this Prospectus with words such     are issued under group contracts in some states.
as "you" and "your," we mean the person who has the right or
responsibility that the Prospectus is discussing at that point.
This is usually the contract owner.


                                                  Contents of this Prospectus  3




- -------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG INVESTMENT
   OPTIONS                                           54
- -------------------------------------------------------
Transferring your account value                      54
Disruptive transfer activity                         54
Rebalancing your account value                       55



- -------------------------------------------------------
4. ACCESSING YOUR MONEY                              57
- -------------------------------------------------------
Withdrawing your account value                       57
How withdrawals are taken from your account value    59
How withdrawals affect your Guaranteed minimum
  income benefit, Guaranteed minimum death benefit
  and Principal guarantee benefits                   59
How withdrawals affect your GWBL and GWBL Guaranteed
  minimum death benefit                              59
Withdrawals treated as surrenders                    60
Loans under Rollover TSA contracts                   60
Surrendering your contract to receive its cash value 61
When to expect payments                              61
Your annuity payout options                          61

- -------------------------------------------------------
5. CHARGES AND EXPENSES                              64
- -------------------------------------------------------
Charges that AXA Equitable deducts                   64
Charges that the Trusts deduct                       67
Group or sponsored arrangements                      67
Other distribution arrangements                      68





- -------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                          69
- -------------------------------------------------------
Your beneficiary and payment of benefit              69
Beneficiary continuation option                      71

- -------------------------------------------------------
7. TAX INFORMATION                                   73
- -------------------------------------------------------
Overview                                             73
Buying a contract to fund a retirement arrangement   73
Transfers among investment options                   73
Taxation of nonqualified annuities                   73
Individual retirement arrangements (IRAs)            75
Tax-sheltered annuity contracts (TSAs)               85
Federal and state income tax withholding and
  information reporting                              89
Special rules for contracts funding qualified plans  90
Impact of taxes to AXA Equitable                     90



 -------------------------------------------------------
 8. MORE INFORMATION                                  91
 -------------------------------------------------------
 About Separate Account No. 49                        91
 About the Trusts                                     91
 About our fixed maturity options                     91
 About the general account                            92
 About other methods of payment                       93
 Dates and prices at which contract events occur      93
 About your voting rights                             94
 About your voting rights                             94
 About legal proceedings                              94
 Financial statements                                 94
 Transfers of ownership, collateral assignments, loans
   and borrowing                                      94
 About Custodial IRAs                                 95
 Distribution of the contracts                        95



 -------------------------------------------------------
 9. INCORPORATION OF CERTAIN DOCUMENTS
    BY REFERENCE                                      97
 -------------------------------------------------------

 -------------------------------------------------------
 APPENDICES
 -------------------------------------------------------
  I -- Condensed financial information               A-1
 II -- Purchase considerations for QP contracts      B-1
III -- Market value adjustment example               C-1
 IV -- Enhanced death benefit example                D-1
  V -- Hypothetical illustrations                    E-1
 VI -- Earnings enhancement benefit example          F-1
VII -- State contract availability and/or variations
       of certain  features and benefits             G-1

 -------------------------------------------------------
 STATEMENT OF ADDITIONAL INFORMATION
   TABLE OF CONTENTS
 -------------------------------------------------------




4  Contents of this Prospectus



Index of key words and phrases

- --------------------------------------------------------------------------------
This index should help you locate more information on the terms used in this
Prospectus.


                                                                  Page
   6% Roll-Up to age 85                                            40
   account for special dollar cost averaging                       38
   account value                                                   52
   administrative charge                                           64
   annual administrative charge                                    64
   Annual Ratchet                                                  47
   Annual Ratchet to age 85 enhanced death benefit                 40
   annuitant                                                       23
   annuitization                                                   61
   annuity maturity date                                           63
   annuity payout options                                          61
   annuity purchase factors                                        41
   automatic investment program                                    93
   AXA Allocation portfolios                                    cover
   beneficiary                                                     69
   Beneficiary continuation option ("BCO")                         71
   benefit base                                                    46
   business day                                                    30
   cash value                                                      52
   charges for state premium and other applicable taxes            67
   contract date                                                   30
   contract date anniversary                                       30
   contract year                                                   30
   contributions to Roth IRAs                                      82
     regular contributions                                         82
     rollovers and transfers                                       82
      conversion contributions                                     83
   contributions to traditional IRAs                               76
     regular contributions                                         76
     rollovers and transfers                                       78
   disability, terminal illness or confinement to nursing home     65
   disruptive transfer activity                                    54
   Distribution Charge                                             64
   Earnings enhancement benefit                                    44
   Earnings enhancement benefit charge                             67
   EQAccess                                                         8
   ERISA                                                           60
   Fixed-dollar option                                             39
   fixed maturity options                                          37
   Flexible Premium IRA                                         cover
   Flexible Premium Roth IRA                                    cover
   free look                                                       50
   free withdrawal amount                                          65
   general account                                                 92
   General dollar cost averaging                                   39
   guaranteed interest option                                      37
   Guaranteed minimum death benefit                                44
   Guaranteed minimum death benefit/guaranteed
     minimum income benefit roll-up benefit
     base reset option                                             44
   Guaranteed minimum income benefit                               41



                                                        Page
 Guaranteed minimum income benefit charge                 66
 Guaranteed minimum income benefit "no lapse guarantee"   44
 Guaranteed withdrawal benefit for life                   45
 Guaranteed withdrawal benefit for life charge            67
 IRA                                                   cover
 IRS                                                      73
 Inherited IRA                                         cover
 Investment simplifier                                    39
 investment options                                    cover
 lifetime required minimum distribution withdrawals       58
 loan reserve account                                     60
 loans under Rollover TSA                                 60
 market adjusted amount                                   37
 market value adjustment                                  37
 market timing                                            54
 maturity dates                                           37
 maturity value                                           37
 Mortality and expense risks charge                       64
 NQ                                                    cover
 partial withdrawals                                      57
 permitted variable investment options                    30
 portfolio                                             cover
 Principal guarantee benefits                             49
 processing office                                         8
 QP                                                    cover
 rate to maturity                                         37
 Rebalancing                                              55
 Rollover IRA                                          cover
 Rollover TSA                                          cover
 Roth Conversion IRA                                   cover
 Roth IRA                                              cover
 SAI                                                   cover
 SEC                                                   cover
 self-directed allocation                                 38
 Separate Account No. 49                                  91
 special dollar cost averaging                            38
 standard death benefit                                   40
 substantially equal withdrawals                          58
 Spousal continuation                                     70
 systematic withdrawals                                   58

 TOPS                                                      8
 TSA                                                   cover
 traditional IRA                                       cover
 Trusts                                                   86
 unit                                                     52
 variable investment options                              30
 wire transmittals and electronic applications            93
 withdrawal charge                                        65




To make this Prospectus easier to read, we sometimes use different words than in
the contract or supplemental materials. This is illustrated below. Although we
use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract.


                        
- --------------------------------------------------------------------------------
 Prospectus                 Contract or Supplemental Materials
- --------------------------------------------------------------------------------
  fixed maturity options   Guarantee Periods (Guaranteed Fixed
                           Interest Accounts in supplemental materials)

                                                Index of key words and phrases 5





                                        
- --------------------------------------------------------------------------------
 Prospectus                                 Contract or Supplemental Materials
- --------------------------------------------------------------------------------
  variable investment options              Investment Funds
  account value                            Annuity Account Value
  rate to maturity                         Guaranteed Rates
  unit                                     Accumulation Unit
  Guaranteed minimum death benefit         Guaranteed death benefit
  Guaranteed minimum income benefit        Guaranteed Income Benefit
  Guaranteed interest option               Guaranteed Interest Account
  Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
  GWBL benefit base                        Guaranteed withdrawal benefit for life
                                           benefit base
  Guaranteed annual withdrawal amount      Guaranteed withdrawal benefit for life Annual
                                           withdrawal amount
  GWBL Excess withdrawal                   Guaranteed withdrawal benefit for life Excess
                                           withdrawal
- --------------------------------------------------------------------------------


6 Index of key words and phrases



Who is AXA Equitable?
- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and under
its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of AXA
Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under the
contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately $795
billion in assets as of December 31, 2006. For more than 100 years AXA Equitable
has been among the largest insurance companies in the United States. We are
licensed to sell life insurance and annuities in all fifty states, the District
of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office is
located at 1290 Avenue of the Americas, New York, NY 10104.


                                                        Who is AXA Equitable?  7



HOW TO REACH US

You may communicate with our processing  office as listed below for the purposes
described.   Certain   methods  of  contacting  us,  such  as  by  telephone  or
electronically, may be unavailable or delayed (for example our facsimile service
may not be available at all times and/or we may be unavailable  due to emergency
closing). In addition, the level and type of service available may be restricted
based on criteria established by us.


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R)
P.O. Box 13014
Newark, NJ 07188-0014

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS
 DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o   written confirmation of financial transactions;

o   statement of your contract values at the close of each calendar year, and
    any calendar quarter in which there was a financial transaction; and


o   annual statement of your contract values as of the close of the contract
    year, including notification of eligibility to exercise the Guaranteed
    minimum income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o your current account value;

o your current allocation percentages;

o the number of units you have in the variable investment options;

o rates to maturity for the fixed maturity options;

o the daily unit values for the variable investment options; and

o performance information regarding the variable investment options
  (not available through TOPS).

You can also:

o change your allocation percentages and/or transfer among the
  investment options;

o elect to receive certain contract statements electronically;

o change your address (not available through TOPS);

o change your TOPS personal identification number ("PIN") (through
  TOPS only)and your EQAccess password (through EQAccess only);
  and

o   access Frequently Asked Questions and Service Forms (not
    available through TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com
andlogging in to access your account. All other clients may access EQAccess by
visiting our website at www. axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have  established  procedures  to  reasonably  confirm that the  instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.

8  Who is AXA Equitable?



WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:


(1)  authorization for telephone transfers by your financial profes sional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA or Flex ible
     Premium Roth IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts and
     contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;


(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;


(14) requests to reset your Roll-Up benefit base (for contracts that have both
     the Guaranteed minimum income benefit and the Greater of 6% Roll-Up to age
     85 or Annual Ratchet to age 85 enhanced death benefit);


(15) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(16) death claims;

(17) change in ownership (NQ only);

(18) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL"); and

(19) requests to reset the guaranteed minimum value for contracts with a
     Principal guarantee benefit.

WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES OF
REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6)  special dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  special dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners, both must sign.


                                                        Who is AXA Equitable?  9




Accumulator(R) at a glance -- key features
- --------------------------------------------------------------------------------
Professional investment      Accumulator's(R) variable investment options invest
management                   in different portfolios managed by professional
                             investment advisers.
- --------------------------------------------------------------------------------
Fixed maturity options       o Fixed maturity options ("FMOs") with maturities
                               ranging from approximately 1 to 10 years (subject
                               to availability).
                             o Each fixed maturity option offers a guarantee of
                               principal and interest rate if you hold it to
                               maturity.
- --------------------------------------------------------------------------------
                             If you make withdrawals or transfers from a fixed
                             maturity option before maturity, there will be a
                             market value adjustment due to differences in
                             interest rates. If you withdraw or transfer only a
                             portion of a fixed maturity amount, this may
                             increase or decrease any value that you have left
                             in that fixed maturity option. If you surrender
                             your contract, a market value adjustment also
                             applies.
- --------------------------------------------------------------------------------
Guaranteed interest          o Principal and interest guarantees.
option                       o Interest rates set periodically.
- --------------------------------------------------------------------------------
Account for special dollar   Available for dollar cost averaging all or a
cost averaging               portion of any eligible contribution to your
                             contract.
- --------------------------------------------------------------------------------
Tax considerations           o No tax on earnings inside the contract until you
                               make withdrawals from your contract or receive
                               annuity payments.
                             ---------------------------------------------------
                             o No tax on transfers among investment options
                               inside the contract.
- --------------------------------------------------------------------------------
                             If you are purchasing an annuity contract as an
                             Individual Retirement Annuity (IRA) or Tax
                             Sheltered Annuity (TSA), or to fund an employer
                             retirement plan (QP or Qualified Plan), you should
                             be aware that such annuities do not provide tax
                             deferral benefits beyond those already provided by
                             the Internal Revenue Code. Before purchasing one of
                             these annuities, you should consider whether its
                             features and benefits beyond tax deferral meet your
                             needs and goals. You may also want to consider the
                             relative features, benefits and costs of these
                             annuities compared with any other investment that
                             you may use in connection with your retirement plan
                             or arrangement. Depending on your personal
                             situation, the contract's guaranteed benefits may
                             have limited usefulness because of required minimum
                             distributions ("RMDs").
- --------------------------------------------------------------------------------
 Guaranteed minimum          The Guaranteed minimum income benefit provides
 income benefit              income protection for you during your life once you
                             elect to annuitize the contract.
- --------------------------------------------------------------------------------
Guaranteed withdrawal        The Guaranteed withdrawal benefit for life option
benefit for life             ("GWBL") guarantees that you can take withdrawals
                             of up to a maximum amount each contract year (your
                             "Guaranteed annual withdrawal amount") beginning at
                             age 45 or later.

                             Withdrawals are taken from your account value and
                             continue during your lifetime even if your account
                             value falls to zero (unless it is caused by a
                             withdrawal that exceeds your Guaranteed annual
                             withdrawal amount).
- --------------------------------------------------------------------------------

10 Accumulator(R) at a glance -- key features





                                          
- --------------------------------------------------------------------------------
Contribution amounts   o NQ, Rollover IRA, Roth Conversion IRA, Inherited IRA, QP and Rollover TSA contracts
                         o Initial minimum:      $5,000
                         o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                 $100 monthly and $300 quarterly under our automatic investment program
                                                 (NQ contracts)
                                                 $50 (IRA contracts)
                                                 $1000 (Inherited IRA contracts)
                       o Flexible Premium IRA and Flexible Premium Roth IRA contracts
                         o Initial minimum:      $4,000
                         o Additional minimum:   $50
                                                 $50 under our automatic investment program (subject to tax maximum)
                       Maximum contribution limitations may apply. In general,
                       contributions are limited to $1.5 million ($500,000 for
                       owners or annuitants who are age 81 and older at contract
                       issue unless you elect GWBL) under all Accumulator(R)
                       series contracts with the same owner or annuitant. We
                       reserve the right to limit aggregate contributions made
                       after the first contract year to 150% of first-year
                       contributions. See "How you can purchase and contribute
                       to your contract" in "Contract features and benefits"
                       later in this Prospectus.
- --------------------------------------------------------------------------------
Access to your money   o Partial withdrawals
                       o Several withdrawal options on a periodic basis
                       o Loans under Rollover TSA contracts
                       o Contract surrender
                       o Maximum payment plan (only under contracts with GWBL)
                       o Customized payment plan (only under contracts with
                         GWBL)

                       You may incur a withdrawal charge for certain withdrawals
                       or if you surrender your contract. You may also incur
                       income tax and a tax penalty. Certain withdrawals will
                       diminish the value of optional benefits.
- --------------------------------------------------------------------------------
Payout options         o Fixed annuity payout options

                       o Variable Immediate Annuity payout options (described in
                         a separate prospectus for that option)

                       o Income Manager(SM) payout options (described in a
                         separate prospectus for that option)
- --------------------------------------------------------------------------------
Additional features    o Guaranteed minimum death benefit options

                       o Principal guarantee benefits

                       o Dollar cost averaging

                       o Automatic investment program

                       o Account value rebalancing (quarterly, semiannually, and
                         annually)

                       o Free transfers

                       o Waiver of withdrawal charge for certain withdrawals,
                         disability, terminal illness, or confinement to a
                         nursing home

                       o Earnings enhancement benefit, an optional death benefit
                         available under certain contracts

                       o Spousal continuation

                       o Beneficiary continuation option

                       o Guaranteed minimum death benefit/Guaranteed minimum
                         income benefit roll-up benefit base reset
- --------------------------------------------------------------------------------
Fees and charges       Please see "Fee table" later in this section for complete
                       details.
- --------------------------------------------------------------------------------
Owner and annuitant    NQ: 0-85
issue ages             Rollover IRA, Roth Conversion IRA, Flexible Premium Roth
                       IRA and Rollover TSA: 20-85 Flexible Premium IRA: 20-70
                       Inherited IRA: 0-70 QP: 20-75



                                   Accumulator(R) at a glance -- key features 11




THE ABOVE IS NOT A COMPLETE DESCRIPTION OF ALL MATERIAL PROVISIONS OF THE
CONTRACT. IN SOME CASES, RESTRICTIONS OR EXCEPTIONS APPLY. ALSO, ALL FEATURES OF
THE CONTRACT ARE NOT NECESSARILY AVAILABLE IN YOUR STATE OR AT CERTAIN AGES.
PLEASE SEE APPENDIX VII LATER IN THIS PROSPECTUS FOR MORE INFORMATION ON STATE
AVAILABILITY AND/OR VARIATIONS OF CERTAIN FEATURES AND BENEFITS.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any reason
you are not satisfied with your contract, you may return it to us for a refund
within a certain number of days. Please see "Your right to cancel within a
certain number of days" later in this Prospectus for additional information.

OTHER CONTRACTS

We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


12 Accumulator(R) at a glance -- key features



Fee table
- --------------------------------------------------------------------------------
The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your cash
value to certain payout options or if you purchase a Variable Immediate Annuity
payout option. Charges designed to approximate certain taxes that may be imposed
on us, such as premium taxes in your state, may also apply.




- --------------------------------------------------------------------------------
 CHARGES WE DEDUCT FROM YOUR ACCOUNT VALUE AT THE TIME YOU REQUEST CERTAIN
 TRANSACTIONS
- --------------------------------------------------------------------------------
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain
withdrawals or apply your cash value to certain payout
options).(1)                                                               7.00%

Charge if you elect a variable payout option upon annuitization
(which is described in a separate prospectus for that option)              $350
- --------------------------------------------------------------------------------

The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the underlying trust
portfolio fees and expenses.
- --------------------------------------------------------------------------------
 CHARGES WE DEDUCT FROM YOUR ACCOUNT VALUE ON EACH CONTRACT DATE ANNIVERSARY
- --------------------------------------------------------------------------------
Maximum annual administrative charge(2)
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                               $ 30
   If your account value on a contract date anniversary is $50,000
   or more                                                                  $  0
- --------------------------------------------------------------------------------
 CHARGES WE DEDUCT FROM YOUR VARIABLE INVESTMENT OPTIONS EXPRESSED AS AN ANNUAL
 PERCENTAGE OF DAILY NET ASSETS
- --------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                                0.80%
Administrative                                                             0.30%
Distribution                                                               0.20%
                                                                            ----
Total Separate account annual expenses                                     1.30%
- --------------------------------------------------------------------------------
 CHARGES WE DEDUCT FROM YOUR ACCOUNT VALUE EACH YEAR IF YOU ELECT ANY OF THE
 FOLLOWING OPTIONAL BENEFITS
- --------------------------------------------------------------------------------

GUARANTEED MINIMUM DEATH BENEFIT CHARGE (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect).
   Standard death benefit and GWBL Standard death benefit                  0.00%
   Annual Ratchet to age 85                                                0.25%
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85             0.60%
   GWBL Enhanced death benefit                                             0.30%
- --------------------------------------------------------------------------------
PRINCIPAL GUARANTEE BENEFITS CHARGE (calculated as a percentage of the account
value. Deducted annually(2) on each contract date anniversary for which the
benefit is in effect)
   100% Principal guarantee benefit                                        0.50%
   125% Principal guarantee benefit                                        0.75%
- --------------------------------------------------------------------------------

                                                                    Fee table 13




- --------------------------------------------------------------------------------
GUARANTEED MINIMUM INCOME BENEFIT CHARGE (calculated as a                  0.65%
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect)
- --------------------------------------------------------------------------------
EARNINGS ENHANCEMENT BENEFIT CHARGE (calculated as a percent-
age of the account value. Deducted annually(2) on each contract date
anniversary for which the benefit is in effect)                            0.35%
- --------------------------------------------------------------------------------

                                                                      
GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE(2) (cal-            0.60% for the Single Life option
culated as a percentage of the GWBL benefit base. Deducted annually       0.75% for the Joint Life option
on each contract date anniversary).

If your GWBL benefit base ratchets, we reserve the right to increase
your charge up to:                                                        0.75% for the Single Life option
                                                                          0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life" in "Contract features and
benefits" for more information about this feature, including its benefit base
and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses," both later in this Prospectus.
- --------------------------------------------------------------------------------
Net loan interest charge - Rollover TSA contracts only (calcu- lated and
deducted daily as a percentage of the outstanding loan
amount)                                                                   2.00%(4)
- --------------------------------------------------------------------------------
You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net asset
value each day. Therefore, they reduce the investment return of the Portfolio
and the related variable investment option. Actual fees and expenses are likely
to fluctuate from year to year. More detail concerning each Portfolio's fees and
expenses is contained in the Trust prospectus for the Portfolio.
- --------------------------------------------------------------------------------
 PORTFOLIO OPERATING EXPENSES EXPRESSED AS AN ANNUAL PERCENTAGE OF DAILY NET ASSETS
- --------------------------------------------------------------------------------
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or  ------     -------
other expenses)(5)                                                                 0.63%      3.15%

This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.
- --------------------------------------------------------------------------------




- ---------------------------------------------------------------------------------------------------------------------
                                                                        Acquired
                                                                          Fund        Total
                                                                         Fees and    Annual                 Net Total
                                                                         Expenses   Expenses    Fee Waiv-    Annual
                                                                        (Underly-    (Before   ers and/or   Expenses
                                      Manage-                              ing       Expense     Expense     (After
                                       ment      12b-1      Other        Portfo-     Limita-   Reimburse-   Expense
 Portfolio Name                       Fees(6)   Fees(7)   Expenses (8)   lios)(9)    tions)     ments(10) Limitations
                                                                                     
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust:
- ---------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation             0.10%      0.25%       0.18%        0.91%       1.44%      (0.18)%      1.26%
AXA Conservative Allocation           0.10%      0.25%       0.22%        0.67%       1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation      0.10%      0.25%       0.18%        0.72%       1.25%      (0.18)%      1.07%
AXA Moderate Allocation               0.10%      0.25%       0.17%        0.78%       1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation          0.10%      0.25%       0.17%        0.85%       1.37%      (0.17)%      1.20%
Multimanager Aggressive Equity *      0.61%      0.25%       0.19%          --        1.05%         --        1.05%
Multimanager Core Bond*               0.59%      0.25%       0.18%          --        1.02%      (0.07)%      0.95%
Multimanager Health Care*             1.20%      0.25%       0.23%          --        1.68%       0.00%       1.68%
Multimanager High Yield*              0.58%      0.25%       0.18%          --        1.01%         --        1.01%
Multimanager International Equity*    1.02%      0.25%       0.26%          --        1.53%       0.00%       1.53%
Multimanager Large Cap Core Equity*   0.90%      0.25%       0.20%          --        1.35%       0.00%       1.35%
Multimanager Large Cap Growth*        0.90%      0.25%       0.22%          --        1.37%      (0.02)%      1.35%
Multimanager Large Cap Value*         0.88%      0.25%       0.22%          --        1.35%       0.00%       1.35%
Multimanager Mid Cap Growth*          1.10%      0.25%       0.20%        0.01%       1.56%       0.00%       1.56%
Multimanager Mid Cap Value*           1.10%      0.25%       0.21%        0.03%       1.59%       0.00%       1.59%
Multimanager Technology*              1.20%      0.25%       0.23%          --        1.68%       0.00%       1.68%
- ---------------------------------------------------------------------------------------------------------------------



14 Fee table





This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.
- -----------------------------------------------------------------------------------------
                                                        Manage-
                                                         ment       12b-1      Other
 Portfolio Name                                         Fees(6)     Fees(7)  Expenses (8)
                                                                      
- -----------------------------------------------------------------------------------------
 EQ Advisors Trust:
- -----------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%     0.13%
EQ/AllianceBernstein Growth and Income++                  0.56%      0.25%     0.12%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%     0.14%
EQ/AllianceBernstein International                        0.71%      0.25%     0.20%
EQ/AllianceBernstein Large Cap Growth                     0.90%      0.25%     0.11%
EQ/AllianceBernstein Quality Bond                         0.50%      0.25%     0.14%
EQ/AllianceBernstein Small Cap Growth                     0.74%      0.25%     0.13%
EQ/AllianceBernstein Value                                0.60%      0.25%     0.13%
EQ/Ariel Appreciation II                                  0.75%      0.25%     0.51%
EQ/AXA Rosenberg Value Long/Short Equity                  1.40%      0.25%     1.44%
EQ/BlackRock Basic Value Equity*                          0.55%      0.25%     0.14%
EQ/BlackRock International Value*                         0.82%      0.25%     0.21%
EQ/Boston Advisors Equity Income                          0.75%      0.25%     0.15%
EQ/Calvert Socially Responsible                           0.65%      0.25%     0.25%
EQ/Capital Guardian Growth                                0.65%      0.25%     0.16%
EQ/Capital Guardian International+                        0.83%      0.25%     0.21%
EQ/Capital Guardian Research                              0.65%      0.25%     0.13%
EQ/Capital Guardian U.S. Equity++                         0.64%      0.25%     0.14%
EQ/Caywood-Scholl High Yield Bond                         0.60%      0.25%     0.18%
EQ/Davis New York Venture                                 0.85%      0.25%     0.74%
EQ/Equity 500 Index                                       0.25%      0.25%     0.13%
EQ/Evergreen International Bond                           0.70%      0.25%     0.23%
EQ/Evergreen Omega                                        0.65%      0.25%     0.21%
EQ/FI Mid Cap                                             0.68%      0.25%     0.15%
EQ/FI Mid Cap Value+                                      0.73%      0.25%     0.13%
EQ/Franklin Income                                        0.90%      0.25%     0.38%
EQ/Franklin Small Cap Value                               0.90%      0.25%     2.00%
EQ/Franklin Templeton Founding Strategy**                 0.05%      0.25%     0.21%
EQ/GAMCO Mergers and Acquisitions                         0.90%      0.25%     0.33%
EQ/GAMCO Small Company Value                              0.78%      0.25%     0.14%
EQ/International Growth                                   0.85%      0.25%     0.35%
EQ/Janus Large Cap Growth++                               0.90%      0.25%     0.15%
EQ/JPMorgan Core Bond                                     0.44%      0.25%     0.15%
EQ/JPMorgan Value Opportunities                           0.60%      0.25%     0.16%
EQ/Legg Mason Value Equity                                0.65%      0.25%     0.22%
EQ/Long Term Bond                                         0.43%      0.25%     0.15%
EQ/Lord Abbett Growth and Income                          0.65%      0.25%     0.26%
EQ/Lord Abbett Large Cap Core                             0.65%      0.25%     0.41%
EQ/Lord Abbett Mid Cap Value                              0.70%      0.25%     0.18%
EQ/Marsico Focus                                          0.85%      0.25%     0.13%
EQ/MFS Emerging Growth Companies+                         0.65%      0.25%     0.15%
EQ/MFS Investors Trust+                                   0.60%      0.25%     0.16%
EQ/Money Market                                           0.33%      0.25%     0.14%
EQ/Montag & Caldwell Growth                               0.75%      0.25%     0.16%
EQ/Mutual Shares                                          0.90%      0.25%     0.50%
EQ/Oppenheimer Global                                     0.95%      0.25%     1.30%
EQ/Oppenheimer Main Street Opportunity                    0.85%      0.25%     1.58%
EQ/Oppenheimer Main Street Small Cap                      0.90%      0.25%     1.48%
EQ/PIMCO Real Return                                      0.55%      0.25%     0.18%
EQ/Short Duration Bond                                    0.43%      0.25%     0.14%
EQ/Small Cap Value+                                       0.73%      0.25%     0.15%
EQ/Small Company Growth+                                  1.00%      0.25%     0.17%
EQ/Small Company Index                                    0.25%      0.25%     0.16%
EQ/TCW Equity++                                           0.80%      0.25%     0.16%
EQ/Templeton Growth                                       0.95%      0.25%     0.64%
EQ/UBS Growth and Income                                  0.75%      0.25%     0.17%
- -----------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------
                                                       Acquired
                                                          Fund      Total
                                                        Fees and    Annual                   Net Total
                                                        Expenses   Expenses    Fee Waiv-      Annual
                                                       (Underly-    (Before   ers and/or     Expenses
                                                          ing       Expense     Expense       (After
                                                        Portfo-     Limita-   Reimburse-     Expense
 Portfolio Name                                         lios)(9)    tions)     ments(10)   Limitations)
- ------------------------------------------------------------------------------------------------------
                                                                               
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           --        0.85%         --        0.85%
EQ/AllianceBernstein Growth and Income++                    --        0.93%         --        0.93%
EQ/AllianceBernstein Intermediate Government Securities     --        0.89%         --        0.89%
EQ/AllianceBernstein International                          --        1.16%      (0.06)%      1.10%
EQ/AllianceBernstein Large Cap Growth                       --        1.26%      (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond                           --        0.89%         --        0.89%
EQ/AllianceBernstein Small Cap Growth                       --        1.12%         --        1.12%
EQ/AllianceBernstein Value                                  --        0.98%      (0.03)%      0.95%
EQ/Ariel Appreciation II                                    --        1.51%      (0.36)%      1.15%
EQ/AXA Rosenberg Value Long/Short Equity                    --        3.09%      (1.10)%      1.99%
EQ/BlackRock Basic Value Equity*                            --        0.94%       0.00%       0.94%
EQ/BlackRock International Value*                           --        1.28%      (0.03)%      1.25%
EQ/Boston Advisors Equity Income                            --        1.15%      (0.10)%      1.05%
EQ/Calvert Socially Responsible                             --        1.15%      (0.10)%      1.05%
EQ/Capital Guardian Growth                                  --        1.06%      (0.11)%      0.95%
EQ/Capital Guardian International+                          --        1.29%      (0.09)%      1.20%
EQ/Capital Guardian Research                                --        1.03%      (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++                           --        1.03%      (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond                           --        1.03%      (0.03)%      1.00%
EQ/Davis New York Venture                                   --        1.84%      (0.54)%      1.30%
EQ/Equity 500 Index                                         --        0.63%         --        0.63%
EQ/Evergreen International Bond                             --        1.18%      (0.03)%      1.15%
EQ/Evergreen Omega                                          --        1.11%       0.00%       1.11%
EQ/FI Mid Cap                                               --        1.08%      (0.08)%      1.00%
EQ/FI Mid Cap Value+                                        --        1.11%      (0.01)%      1.10%
EQ/Franklin Income                                          --        1.53%      (0.23)%      1.30%
EQ/Franklin Small Cap Value                                 --        3.15%      (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**                 1.07%       1.58%      (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions                           --        1.48%      (0.03)%      1.45%
EQ/GAMCO Small Company Value                                --        1.17%       0.00%       1.17%
EQ/International Growth                                     --        1.45%       0.00%       1.45%
EQ/Janus Large Cap Growth++                                 --        1.30%      (0.15)%      1.15%
EQ/JPMorgan Core Bond                                       --        0.84%       0.00%       0.84%
EQ/JPMorgan Value Opportunities                             --        1.01%      (0.06)%      0.95%
EQ/Legg Mason Value Equity                                  --        1.12%      (0.12)%      1.00%
EQ/Long Term Bond                                           --        0.83%       0.00%       0.83%
EQ/Lord Abbett Growth and Income                            --        1.16%      (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core                               --        1.31%      (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                                --        1.13%      (0.08)%      1.05%
EQ/Marsico Focus                                            --        1.23%      (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+                           --        1.05%         --        1.05%
EQ/MFS Investors Trust+                                     --        1.01%      (0.06)%      0.95%
EQ/Money Market                                             --        0.72%         --        0.72%
EQ/Montag & Caldwell Growth                                 --        1.16%      (0.01)%      1.15%
EQ/Mutual Shares                                            --        1.65%      (0.35)%      1.30%
EQ/Oppenheimer Global                                     0.01%       2.51%      (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity                      --        2.68%      (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap                        --        2.63%      (1.33)%      1.30%
EQ/PIMCO Real Return                                        --        0.98%      (0.08)%      0.90%
EQ/Short Duration Bond                                      --        0.82%       0.00%       0.82%
EQ/Small Cap Value+                                         --        1.13%      (0.03)%      1.10%
EQ/Small Company Growth+                                    --        1.42%      (0.12)%      1.30%
EQ/Small Company Index                                    0.01%       0.67%       0.00%       0.67%
EQ/TCW Equity++                                             --        1.21%      (0.06)%      1.15%
EQ/Templeton Growth                                         --        1.84%      (0.49)%      1.35%
EQ/UBS Growth and Income                                    --        1.17%      (0.12)%      1.05%
- ------------------------------------------------------------------------------------------------------



                                                                    Fee table 15







This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.
- --------------------------------------------------------------------------------------------------------------------------
                                                                          Acquired
                                                                            Fund       Total
                                                                           Fees and    Annual                   Net Total
                                                                           Expenses   Expenses    Fee Waiv-      Annual
                                                                          (Underly-    (Before   ers and/or     Expenses
                                       Manage-                               ing       Expense     Expense       (After
                                        ment       12b-1      Other       Portfo-     Limita-    Reimburse-     Expense
 Portfolio Name                        Fees(6)    Fees(7)   Expenses(8)    lios)(9)    tions)     ments(10)   Limitations)
- --------------------------------------------------------------------------------------------------------------------------
                                                                                         
 EQ Advisors Trust:
- --------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Comstock                  0.65%      0.25%        0.19%           --      1.09%      (0.09)%      1.00%
EQ/Van Kampen Emerging Markets Equity   1.12%      0.25%        0.40%           --      1.77%       0.00%       1.77%
EQ/Van Kampen Mid Cap Growth            0.70%      0.25%        0.23%           --      1.18%      (0.13)%      1.05%
EQ/Wells Fargo Montgomery Small Cap++   0.85%      0.25%        0.41%           --      1.51%      (0.21)%      1.30%
- --------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- --------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++          0.74%      0.35%        0.27%           --      1.36%      (0.10)%      1.26%
- --------------------------------------------------------------------------------------------------------------------------




(*) This portfolio information reflects the portfolio's name change effective on
    or about May 29, 2007, subject to regulatory approval. The chart below
    reflects the portfolio's name in effect, until on or about May 29, 2007. The
    number in the "FN" column corresponds with the number contained in the table
    above.


    FN       Portfolio Name until May 29, 2007
    (1)      AXA Premier VIP Aggressive Equity
    (2)      AXA Premier VIP High Yield
    (3)      AXA Premier VIP Technology
    (4)      EQ/Mercury International Value




+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this Portfolio.

*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features amd ben efits" later in this Prospectus for the
    investment option's former name.

**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this Portfolio.

Notes:


(1) Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
    amount, if applicable:

The withdrawal charge percentage we use is determined by the   Contract
contract year in which you make the withdrawal or surrender    Year
your contract. For each contribution, we consider the          1 ..........7.00%
contract year in which we receive that contribution to be      2 ..........7.00%
"contract year 1")                                             3 ..........6.00%
                                                               4 ..........6.00%
                                                               5 ..........5.00%
                                                               6 ..........3.00%
                                                               7 ..........1.00%
                                                               8+ .........0.00%

(2) If the contract is surrendered or annuitized or a death benefit is paid on
    any date other than the contract date anniversary, we will deduct a pro rata
    portion of the charge for that year.

(3) During the first two contract years this charge, if applicable, is equal to
    the lesser of $30 or 2% of your account value. Thereafter, the charge, if
    applicable, is $30 for each contract year.

(4) We charge interest on loans under Rollover TSA contracts but also credit you
    interest on your loan reserve account. Our net loan interest charge is
    determined by the excess between the interest rate we charge over the
    interest rate we credit. See "Loans under Rollover TSA contracts" later in
    this Prospectus for more information on how the loan interest is calculated
    and for restrictions that may apply.


(5) "Total Annual Portfolio Operating Expenses" are based, in part, on estimated
    amounts for options added during the fiscal year 2006 and for the underlying
    portfolios.


(6) The management fees for each Portfolio cannot be increased without a vote of
    that Portfolio's shareholders. See footnote (10) for any expense limitation
    agreement information.

(7) Portfolio shares are all subject to fees imposed under the distribution
    plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
    under the Investment Company Act of 1940.


(8) Other expenses shown are those incurred in 2006. The amounts shown as "Other
    Expenses" will fluctuate from year to year depending on actual expenses. See
    footnote (10) for any expense limitation agreement information.



(9) Each of these variable investment options invests in a corresponding
    portfolio of one of the Trusts or other unaffiliated investment companies.
    Each portfolio, in turn, invests in shares of other portfolios of the Trusts
    and/or shares of unaffiliated portfolios ("the underlying portfolios").
    Amounts shown reflect each portfolio's pro rata share of the fees and
    expenses of the underlying portfolios in which it invests. The fees and
    expenses are based on the respective weighted investment allocations as of
    12/31/06. A "--" indicates that the listed portfolio does not invest in
    underlying portfolios.


16 Fee table




(10) The amounts shown reflect any fee waivers and/or expense reimbursements
    that applied to each Portfolio. A "--" indicates that there is no expense
    limitation in effect. "0.00%" indicates that the expense limitation
    arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
    the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
    entered into expense limitation agreements with respect to certain
    Portfolios, which are effective through April 30, 2008. Under these
    agreements AXA Equitable has agreed to waive or limit its fees and assume
    other expenses of certain Portfolios, if necessary, in an amount that limits
    each affected Portfolio's total Annual Expenses (exclusive of interest,
    taxes, brokerage commissions, capitalized expenditures, expenses of the
    underlying portfolios in which the Portfolio invests and extraordinary
    expenses) to not more than specified amounts. Therefore, each Portfolio may
    at a later date make a reimbursement to AXA Equitable for any of the
    management fees waived or limited and other expenses assumed and paid by AXA
    Equitable pursuant to the expense limitation agreements provided that the
    Portfolio's current annual operating expenses do not exceed the operating
    expense limit determined for such Portfolio. Morgan Stanley Investment
    Management Inc., which does business in certain instances as "Van Kampen,"
    is the manager of The Universal Institutional Funds, Inc. -- U.S. Real
    Estate Portfolio -- Class II and has voluntarily agreed to reduce its
    management fee and/or reimburse the Portfolio so that total annual operating
    expenses of the Portfolio (exclusive of investment related expenses, such as
    foreign country tax expense and interest expense on amounts borrowed) are
    not more than specified amounts. Additionally, the distributor of The
    Universal Institutional Funds, Inc. has agreed to waive a portion of the
    12b-1 fee for Class II shares. Van Kampen and/or the fund's distributor
    reserves the right to terminate any waiver and/or reimbursement at any time
    without notice. See the prospectus for each applicable underlying Trust for
    more information about the arrangements. In addition, a portion of the
    brokerage commissions of certain Portfolios of AXA Premier VIP Trust and EQ
    Advisors Trust is used to reduce the applicable Portfolio's expenses. If the
    above table reflected both the expense limitation arrangements, plus the
    portion of the brokerage commissions used to reduce portfolio expenses, the
    net expenses would be as shown in the table below:


- --------------------------------------------------
 Portfolio Name
- --------------------------------------------------
   Multimanager Aggressive Equity           1.03%
   Multimanager Health Care                 1.63%
   Multimanager International Equity        1.52%
   Multimanager Large Cap Core Equity       1.33%
   Multimanager Large Cap Growth            1.33%
   Multimanager Large Cap Value             1.31%
   Multimanager Mid Cap Growth              1.52%
   Multimanager Mid Cap Value               1.58%
   Multimanager Technology                  1.64%
   EQ/AllianceBernstein Common Stock        0.83%
   EQ/AllianceBernstein Growth and Income   0.92%
   EQ/AllianceBernstein Large Cap Growth    1.03%
   EQ/AllianceBernstein Small Cap Growth    1.11%
   EQ/AllianceBernstein Value               0.94%
   EQ/Ariel Appreciation II                 1.01%
   EQ/BlackRock Basic Value Equity          0.93%
   EQ/Capital Guardian Growth               0.94%
   EQ/Capital Guardian Research             0.94%
   EQ/Capital Guardian U.S. Equity          0.94%
   EQ/Davis New York Venture                1.27%
   EQ/Evergreen Omega                       1.05%
   EQ/FI Mid Cap                            0.97%
   EQ/FI Mid Cap Value                      1.09%
   EQ/GAMCO Mergers and Acquisitions        1.37%
   EQ/GAMCO Small Company Value             1.16%
   EQ/Janus Large Cap Growth                1.14%
   EQ/Legg Mason Value Equity               0.97%
   EQ/Lord Abbett Growth and Income         0.99%
   EQ/Lord Abbett Large Cap Core            0.99%
   EQ/Marsico Focus                         1.14%
   EQ/MFS Emerging Growth Companies         1.03%
   EQ/MFS Investors Trust                   0.94%
   EQ/Montag & Caldwell Growth              1.13%
   EQ/Mutual Shares                         1.30%
   EQ/Small Cap Value                       1.02%
   EQ/UBS Growth and Income                 1.03%
   EQ/Van Kampen Comstock                   0.99%
   EQ/Van Kampen Emerging Markets Equity    1.75%
   EQ/Van Kampen Mid Cap Growth             1.01%
   EQ/Wells Fargo Montgomery Small Cap      1.20%
- --------------------------------------------------

EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who has
elected the enhanced death benefit that provides for the Greater of 6% Roll-Up
to age 85 or the Annual Ratchet to age 85 and the Earnings enhancement benefit
with either the Guaranteed minimum


                                                                    Fee table 17




income benefit or the 125% Principal guarantee benefit) would pay in the
situations illustrated. Each value in the expense example was calculated with
the Guaranteed minimum income benefit except for the AXA Moderate Allocation
portfolio. The AXA Moderate Allocation portfolio is calculated with either the
Guaranteed minimum income benefit or the 125% Principal guarantee benefit
depending on which benefit yielded the higher expenses. The example uses an
average annual administrative charge based on the charges paid in 2006, which
results in an estimated administrative charge of 0.012% of contract value.


The fixed maturity options, guaranteed interest option and the account for
special dollar cost averaging are not covered by the example. However, the
annual administrative charge, the withdrawal charge, the charge for any optional
benefits and the charge if you elect a Variable Immediate Annuity payout option
do apply to the fixed maturity options, guaranteed interest option and the
account for special dollar cost averaging. A market value adjustment (up or
down) may apply as a result of a withdrawal, transfer, or surrender of amounts
from a fixed maturity option.

The example assumes that you invest $10,000 in the contract for the time periods
indicated, and that your investment has a 5% return each year. Other than the
administrative charge (which is described immediately above), the example also
assumes maximum contract charges and total annual expenses of the portfolios
(before expense limitations) set forth in the previous charts. This example
should not be considered a representation of past or future expenses for each
option. Actual expenses may be greater or less than those shown. Similarly, the
annual rate of return assumed in the example is not an estimate or guarantee of
future investment performance. Although your actual costs may be higher or
lower, based on these assumptions, your costs would be:

18 Fee table






- ------------------------------------------------------------------------------------------------------
                                                If you surrender your contract at the end of the
                                                                applicable time period
- ------------------------------------------------------------------------------------------------------
 Portfolio Name                                1 year        3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------
                                                                               
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 1,158.00     $ 2,003.00     $ 2,887.00     $ 5,034.00
AXA Conservative Allocation                   $ 1,137.00     $ 1,942.00     $ 2,788.00     $ 4,852.00
AXA Conservative-Plus Allocation              $ 1,138.00     $ 1,945.00     $ 2,793.00     $ 4,861.00
AXA Moderate Allocation                       $ 1,154.00     $ 1,978.00     $ 2,825.00     $ 4,907.00
AXA Moderate-Plus Allocation                  $ 1,151.00     $ 1,982.00     $ 2,853.00     $ 4,971.00
Multimanager Aggressive Equity*               $ 1,117.00     $ 1,883.00     $ 2,693.00     $ 4,677.00
Multimanager Core Bond*                       $ 1,114.00     $ 1,874.00     $ 2,678.00     $ 4,648.00
Multimanager Health Care*                     $ 1,184.00     $ 2,076.00     $ 3,005.00     $ 5,246.00
Multimanager High Yield*                      $ 1,113.00     $ 1,871.00     $ 2,673.00     $ 4,639.00
Multimanager International Equity*            $ 1,168.00     $ 2,031.00     $ 2,932.00     $ 5,114.00
Multimanager Large Cap Core Equity*           $ 1,149.00     $ 1,976.00     $ 2,843.00     $ 4,952.00
Multimanager Large Cap Growth*                $ 1,151.00     $ 1,982.00     $ 2,853.00     $ 4,971.00
Multimanager Large Cap Value*                 $ 1,149.00     $ 1,976.00     $ 2,843.00     $ 4,952.00
Multimanager Mid Cap Growth*                  $ 1,171.00     $ 2,040.00     $ 2,946.00     $ 5,140.00
Multimanager Mid Cap Value*                   $ 1,174.00     $ 2,049.00     $ 2,961.00     $ 5,167.00
Multimanager Technology*                      $ 1,184.00     $ 2,076.00     $ 3,005.00     $ 5,246.00
- ------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,096.00     $ 1,822.00     $ 2,592.00     $ 4,488.00
EQ/AllianceBernstein Growth and Income++      $ 1,105.00     $ 1,846.00     $ 2,633.00     $ 4,564.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 1,101.00     $ 1,834.00     $ 2,613.00     $ 4,526.00
EQ/AllianceBernstein International            $ 1,129.00     $ 1,917.00     $ 2,748.00     $ 4,779.00
EQ/AllianceBernstein Large Cap Growth         $ 1,139.00     $ 1,948.00     $ 2,798.00     $ 4,871.00
EQ/AllianceBernstein Quality Bond             $ 1,101.00     $ 1,834.00     $ 2,613.00     $ 4,526.00
EQ/AllianceBernstein Small Cap Growth         $ 1,125.00     $ 1,905.00     $ 2,728.00     $ 4,742.00
EQ/AllianceBernstein Value                    $ 1,110.00     $ 1,862.00     $ 2,658.00     $ 4,611.00
EQ/Ariel Appreciation II                      $ 1,166.00     $ 2,025.00     $ 2,922.00     $ 5,096.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 1,332.00     $ 2,499.00     $ 3,673.00     $ 6,389.00
EQ/BlackRock Basic Value Equity*              $ 1,106.00     $ 1,850.00     $ 2,638.00     $ 4,573.00
EQ/BlackRock International Value*             $ 1,142.00     $ 1,954.00     $ 2,808.00     $ 4,889.00
EQ/Boston Advisors Equity Income              $ 1,128.00     $ 1,914.00     $ 2,743.00     $ 4,769.00
EQ/Calvert Socially Responsible               $ 1,128.00     $ 1,914.00     $ 2,743.00     $ 4,769.00
EQ/Capital Guardian Growth                    $ 1,118.00     $ 1,887.00     $ 2,698.00     $ 4,686.00
EQ/Capital Guardian International+            $ 1,143.00     $ 1,957.00     $ 2,813.00     $ 4,898.00
EQ/Capital Guardian Research                  $ 1,115.00     $ 1,877.00     $ 2,683.00     $ 4,658.00
EQ/Capital Guardian U.S. Equity++             $ 1,115.00     $ 1,877.00     $ 2,683.00     $ 4,658.00
EQ/Caywood-Scholl High Yield Bond             $ 1,115.00     $ 1,877.00     $ 2,683.00     $ 4,658.00
EQ/Davis New York Venture                     $ 1,200.00     $ 2,125.00     $ 3,083.00     $ 5,385.00
EQ/Equity 500 Index                           $ 1,073.00     $ 1,753.00     $ 2,480.00     $ 4,275.00
EQ/Evergreen International Bond               $ 1,131.00     $ 1,924.00     $ 2,758.00     $ 4,797.00
- ------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------
                                                        If you annuitize at the end of the            If you do not surrender
                                                  applicable time period and select a non-life         your contract at the
                                                   contingent period certain annuity option                  end of the
                                                           with less than five years                  applicable time period
- ------------------------------------------------------------------------------------------------------------------------------
 Portfolio Name                                 1 year    3 years        5 years        10 years       1 year     3 years
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                       N/A     $ 2,003.00     $ 2,887.00     $ 5,034.00     $ 458.00     $ 1,403.00
AXA Conservative Allocation                     N/A     $ 1,942.00     $ 2,788.00     $ 4,852.00     $ 437.00     $ 1,342.00
AXA Conservative-Plus Allocation                N/A     $ 1,945.00     $ 2,793.00     $ 4,861.00     $ 438.00     $ 1,345.00
AXA Moderate Allocation                         N/A     $ 1,978.00     $ 2,825.00     $ 4,907.00     $ 454.00     $ 1,378.00
AXA Moderate-Plus Allocation                    N/A     $ 1,982.00     $ 2,853.00     $ 4,971.00     $ 451.00     $ 1,382.00
Multimanager Aggressive Equity*                 N/A     $ 1,883.00     $ 2,693.00     $ 4,677.00     $ 417.00     $ 1,283.00
Multimanager Core Bond*                         N/A     $ 1,874.00     $ 2,678.00     $ 4,648.00     $ 414.00     $ 1,274.00
Multimanager Health Care*                       N/A     $ 2,076.00     $ 3,005.00     $ 5,246.00     $ 484.00     $ 1,476.00
Multimanager High Yield*                        N/A     $ 1,871.00     $ 2,673.00     $ 4,639.00     $ 413.00     $ 1,271.00
Multimanager International Equity*              N/A     $ 2,031.00     $ 2,932.00     $ 5,114.00     $ 468.00     $ 1,431.00
Multimanager Large Cap Core Equity*             N/A     $ 1,976.00     $ 2,843.00     $ 4,952.00     $ 449.00     $ 1,376.00
Multimanager Large Cap Growth*                  N/A     $ 1,982.00     $ 2,853.00     $ 4,971.00     $ 451.00     $ 1,382.00
Multimanager Large Cap Value*                   N/A     $ 1,976.00     $ 2,843.00     $ 4,952.00     $ 449.00     $ 1,376.00
Multimanager Mid Cap Growth*                    N/A     $ 2,040.00     $ 2,946.00     $ 5,140.00     $ 471.00     $ 1,440.00
Multimanager Mid Cap Value*                     N/A     $ 2,049.00     $ 2,961.00     $ 5,167.00     $ 474.00     $ 1,449.00
Multimanager Technology*                        N/A     $ 2,076.00     $ 3,005.00     $ 5,246.00     $ 484.00     $ 1,476.00
- ------------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 1,822.00     $ 2,592.00     $ 4,488.00     $ 396.00     $ 1,222.00
EQ/AllianceBernstein Growth and Income++        N/A     $ 1,846.00     $ 2,633.00     $ 4,564.00     $ 405.00     $ 1,246.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     N/A     $ 1,834.00     $ 2,613.00     $ 4,526.00     $ 401.00     $ 1,234.00
EQ/AllianceBernstein International              N/A     $ 1,917.00     $ 2,748.00     $ 4,779.00     $ 429.00     $ 1,317.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 1,948.00     $ 2,798.00     $ 4,871.00     $ 439.00     $ 1,348.00
EQ/AllianceBernstein Quality Bond               N/A     $ 1,834.00     $ 2,613.00     $ 4,526.00     $ 401.00     $ 1,234.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 1,905.00     $ 2,728.00     $ 4,742.00     $ 425.00     $ 1,305.00
EQ/AllianceBernstein Value                      N/A     $ 1,862.00     $ 2,658.00     $ 4,611.00     $ 410.00     $ 1,262.00
EQ/Ariel Appreciation II                        N/A     $ 2,025.00     $ 2,922.00     $ 5,096.00     $ 466.00     $ 1,425.00
EQ/AXA Rosenberg Value Long/Short Equity        N/A     $ 2,499.00     $ 3,673.00     $ 6,389.00     $ 632.00     $ 1,899.00
EQ/BlackRock Basic Value Equity*                N/A     $ 1,850.00     $ 2,638.00     $ 4,573.00     $ 406.00     $ 1,250.00
EQ/BlackRock International Value*               N/A     $ 1,954.00     $ 2,808.00     $ 4,889.00     $ 442.00     $ 1,354.00
EQ/Boston Advisors Equity Income                N/A     $ 1,914.00     $ 2,743.00     $ 4,769.00     $ 428.00     $ 1,314.00
EQ/Calvert Socially Responsible                 N/A     $ 1,914.00     $ 2,743.00     $ 4,769.00     $ 428.00     $ 1,314.00
EQ/Capital Guardian Growth                      N/A     $ 1,887.00     $ 2,698.00     $ 4,686.00     $ 418.00     $ 1,287.00
EQ/Capital Guardian International+              N/A     $ 1,957.00     $ 2,813.00     $ 4,898.00     $ 443.00     $ 1,357.00
EQ/Capital Guardian Research                    N/A     $ 1,877.00     $ 2,683.00     $ 4,658.00     $ 415.00     $ 1,277.00
EQ/Capital Guardian U.S. Equity++               N/A     $ 1,877.00     $ 2,683.00     $ 4,658.00     $ 415.00     $ 1,277.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 1,877.00     $ 2,683.00     $ 4,658.00     $ 415.00     $ 1,277.00
EQ/Davis New York Venture                       N/A     $ 2,125.00     $ 3,083.00     $ 5,385.00     $ 500.00     $ 1,525.00
EQ/Equity 500 Index                             N/A     $ 1,753.00     $ 2,480.00     $ 4,275.00     $ 373.00     $ 1,153.00
EQ/Evergreen International Bond                 N/A     $ 1,924.00     $ 2,758.00     $ 4,797.00     $ 431.00     $ 1,324.00
- ------------------------------------------------------------------------------------------------------------------------------


                                                                    Fee table 19





- ------------------------------------------------------------------------
                                              If you do not surrender
                                                   your contract at
                                                      end of the
                                                applicable time period
- ------------------------------------------------------------------------
 Portfolio Name                               5 years        10 years
                                                       
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 2,387.00     $ 5,034.00
AXA Conservative Allocation                   $ 2,288.00     $ 4,852.00
AXA Conservative-Plus Allocation              $ 2,293.00     $ 4,861.00
AXA Moderate Allocation                       $ 2,325.00     $ 4,907.00
AXA Moderate-Plus Allocation                  $ 2,353.00     $ 4,971.00
Multimanager Aggressive Equity*               $ 2,193.00     $ 4,677.00
Multimanager Core Bond*                       $ 2,178.00     $ 4,648.00
Multimanager Health Care*                     $ 2,505.00     $ 5,246.00
Multimanager High Yield*                      $ 2,173.00     $ 4,639.00
Multimanager International Equity*            $ 2,432.00     $ 5,114.00
Multimanager Large Cap Core Equity*           $ 2,343.00     $ 4,952.00
Multimanager Large Cap Growth*                $ 2,353.00     $ 4,971.00
Multimanager Large Cap Value*                 $ 2,343.00     $ 4,952.00
Multimanager Mid Cap Growth*                  $ 2,446.00     $ 5,140.00
Multimanager Mid Cap Value*                   $ 2,461.00     $ 5,167.00
Multimanager Technology*                      $ 2,505.00     $ 5,246.00
- ------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 2,092.00     $ 4,488.00
EQ/AllianceBernstein Growth and Income++      $ 2,133.00     $ 4,564.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 2,113.00     $ 4,526.00
EQ/AllianceBernstein International            $ 2,248.00     $ 4,779.00
EQ/AllianceBernstein Large Cap Growth         $ 2,298.00     $ 4,871.00
EQ/AllianceBernstein Quality Bond             $ 2,113.00     $ 4,526.00
EQ/AllianceBernstein Small Cap Growth         $ 2,228.00     $ 4,742.00
EQ/AllianceBernstein Value                    $ 2,158.00     $ 4,611.00
EQ/Ariel Appreciation II                      $ 2,422.00     $ 5,096.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 3,173.00     $ 6,389.00
EQ/BlackRock Basic Value Equity*              $ 2,138.00     $ 4,573.00
EQ/BlackRock International Value*             $ 2,308.00     $ 4,889.00
EQ/Boston Advisors Equity Income              $ 2,243.00     $ 4,769.00
EQ/Calvert Socially Responsible               $ 2,243.00     $ 4,769.00
EQ/Capital Guardian Growth                    $ 2,198.00     $ 4,686.00
EQ/Capital Guardian International+            $ 2,313.00     $ 4,898.00
EQ/Capital Guardian Research                  $ 2,183.00     $ 4,658.00
EQ/Capital Guardian U.S. Equity++             $ 2,183.00     $ 4,658.00
EQ/Caywood-Scholl High Yield Bond             $ 2,183.00     $ 4,658.00
EQ/Davis New York Venture                     $ 2,583.00     $ 5,385.00
EQ/Equity 500 Index                           $ 1,980.00     $ 4,275.00
EQ/Evergreen International Bond               $ 2,258.00     $ 4,797.00
- ------------------------------------------------------------------------










- ---------------------------------------------------------------------------------------------------
                                              If you surrender your contract at the end of the
                                                              applicable time period
- ---------------------------------------------------------------------------------------------------
 Portfolio Name                               1 year        3 years        5 years        10 years
- ---------------------------------------------------------------------------------------------------
                                                                             
 EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------------------------------
EQ/Evergreen Omega                          $ 1,124.00     $ 1,902.00     $ 2,723.00     $ 4,732.00
EQ/FI Mid Cap                               $ 1,121.00     $ 1,893.00     $ 2,708.00     $ 4,705.00
EQ/FI Mid Cap Value+                        $ 1,124.00     $ 1,902.00     $ 2,723.00     $ 4,732.00
EQ/Franklin Income                          $ 1,168.00     $ 2,031.00     $ 2,932.00     $ 5,114.00
EQ/Franklin Small Cap Value                 $ 1,338.00     $ 2,517.00     $ 3,700.00     $ 6,434.00
EQ/Franklin Templeton Founding Strategy**   $ 1,173.00     $ 2,046.00     $ 2,956.00     $ 5,158.00
EQ/GAMCO Mergers and Acquisitions           $ 1,163.00     $ 2,016.00     $ 2,907.00     $ 5,069.00
EQ/GAMCO Small Company Value                $ 1,130.00     $ 1,920.00     $ 2,753.00     $ 4,788.00
EQ/International Growth                     $ 1,159.00     $ 2,006.00     $ 2,892.00     $ 5,042.00
EQ/Janus Large Cap Growth++                 $ 1,144.00     $ 1,960.00     $ 2,818.00     $ 4,907.00
EQ/JPMorgan Core Bond                       $ 1,095.00     $ 1,819.00     $ 2,587.00     $ 4,478.00
EQ/JPMorgan Value Opportunities             $ 1,113.00     $ 1,871.00     $ 2,673.00     $ 4,639.00
EQ/Legg Mason Value Equity                  $ 1,125.00     $ 1,905.00     $ 2,728.00     $ 4,742.00
EQ/Long Term Bond                           $ 1,094.00     $ 1,815.00     $ 2,582.00     $ 4,469.00
EQ/Lord Abbett Growth and Income            $ 1,129.00     $ 1,917.00     $ 2,748.00     $ 4,779.00
EQ/Lord Abbett Large Cap Core               $ 1,145.00     $ 1,963.00     $ 2,823.00     $ 4,916.00
EQ/Lord Abbett Mid Cap Value                $ 1,126.00     $ 1,908.00     $ 2,733.00     $ 4,751.00
EQ/Marsico Focus                            $ 1,136.00     $ 1,939.00     $ 2,783.00     $ 4,843.00
EQ/MFS Emerging Growth Companies+           $ 1,117.00     $ 1,883.00     $ 2,693.00     $ 4,677.00
EQ/MFS Investors Trust+                     $ 1,113.00     $ 1,871.00     $ 2,673.00     $ 4,639.00
EQ/Money Market                             $ 1,083.00     $ 1,781.00     $ 2,526.00     $ 4,363.00
EQ/Montag & Caldwell Growth                 $ 1,129.00     $ 1,917.00     $ 2,748.00     $ 4,779.00
EQ/Mutual Shares                            $ 1,180.00     $ 2,067.00     $ 2,991.00     $ 5,220.00
EQ/Oppenheimer Global                       $ 1,271.00     $ 2,327.00     $ 3,403.00     $ 5,940.00
EQ/Oppenheimer Main Street Opportunity      $ 1,289.00     $ 2,377.00     $ 3,483.00     $ 6,074.00
EQ/Oppenheimer Main Street Small Cap        $ 1,283.00     $ 2,363.00     $ 3,460.00     $ 6,035.00
EQ/PIMCO Real Return                        $ 1,110.00     $ 1,862.00     $ 2,658.00     $ 4,611.00
EQ/Short Duration Bond                      $ 1,093.00     $ 1,812.00     $ 2,577.00     $ 4,459.00
EQ/Small Cap Value+                         $ 1,126.00     $ 1,908.00     $ 2,733.00     $ 4,751.00
EQ/Small Company Growth+                    $ 1,156.00     $ 1,997.00     $ 2,878.00     $ 5,016.00
EQ/Small Company Index                      $ 1,078.00     $ 1,766.00     $ 2,501.00     $ 4,314.00
EQ/TCW Equity++                             $ 1,134.00     $ 1,933.00     $ 2,773.00     $ 4,825.00
EQ/Templeton Growth                         $ 1,200.00     $ 2,125.00     $ 3,083.00     $ 5,385.00
EQ/UBS Growth and Income                    $ 1,130.00     $ 1,920.00     $ 2,753.00     $ 4,788.00
EQ/Van Kampen Comstock                      $ 1,122.00     $ 1,896.00     $ 2,713.00     $ 4,714.00
EQ/Van Kampen Emerging Markets Equity       $ 1,193.00     $ 2,104.00     $ 3,049.00     $ 5,324.00
EQ/Van Kampen Mid Cap Growth                $ 1,131.00     $ 1,924.00     $ 2,758.00     $ 4,797.00
EQ/Wells Fargo Montgomery Small Cap++       $ 1,166.00     $ 2,025.00     $ 2,922.00     $ 5,096.00
- ---------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ---------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 1,150.00     $ 1,979.00     $ 2,848.00     $ 4,962.00
- ---------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------------------------
                                                      If you annuitize at the end of the
                                                applicable time period and select a non-life       If you do not surrender
                                               contingent period certain annuity option with     your contract at the end of
                                                           less than five years                   the applicable time period
- ----------------------------------------------------------------------------------------------------------------------------
 Portfolio Name                             1 year      3 years        5 years        10 years       1 year       3 years
                                                                                              
- ----------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega                            N/A     $ 1,902.00     $ 2,723.00     $ 4,732.00     $ 424.00     $ 1,302.00
EQ/FI Mid Cap                                 N/A     $ 1,893.00     $ 2,708.00     $ 4,705.00     $ 421.00     $ 1,293.00
EQ/FI Mid Cap Value+                          N/A     $ 1,902.00     $ 2,723.00     $ 4,732.00     $ 424.00     $ 1,302.00
EQ/Franklin Income                            N/A     $ 2,031.00     $ 2,932.00     $ 5,114.00     $ 468.00     $ 1,431.00
EQ/Franklin Small Cap Value                   N/A     $ 2,517.00     $ 3,700.00     $ 6,434.00     $ 638.00     $ 1,917.00
EQ/Franklin Templeton Founding Strategy**     N/A     $ 2,046.00     $ 2,956.00     $ 5,158.00     $ 473.00     $ 1,446.00
EQ/GAMCO Mergers and Acquisitions             N/A     $ 2,016.00     $ 2,907.00     $ 5,069.00     $ 463.00     $ 1,416.00
EQ/GAMCO Small Company Value                  N/A     $ 1,920.00     $ 2,753.00     $ 4,788.00     $ 430.00     $ 1,320.00
EQ/International Growth                       N/A     $ 2,006.00     $ 2,892.00     $ 5,042.00     $ 459.00     $ 1,406.00
EQ/Janus Large Cap Growth++                   N/A     $ 1,960.00     $ 2,818.00     $ 4,907.00     $ 444.00     $ 1,360.00
EQ/JPMorgan Core Bond                         N/A     $ 1,819.00     $ 2,587.00     $ 4,478.00     $ 395.00     $ 1,219.00
EQ/JPMorgan Value Opportunities               N/A     $ 1,871.00     $ 2,673.00     $ 4,639.00     $ 413.00     $ 1,271.00
EQ/Legg Mason Value Equity                    N/A     $ 1,905.00     $ 2,728.00     $ 4,742.00     $ 425.00     $ 1,305.00
EQ/Long Term Bond                             N/A     $ 1,815.00     $ 2,582.00     $ 4,469.00     $ 394.00     $ 1,215.00
EQ/Lord Abbett Growth and Income              N/A     $ 1,917.00     $ 2,748.00     $ 4,779.00     $ 429.00     $ 1,317.00
EQ/Lord Abbett Large Cap Core                 N/A     $ 1,963.00     $ 2,823.00     $ 4,916.00     $ 445.00     $ 1,363.00
EQ/Lord Abbett Mid Cap Value                  N/A     $ 1,908.00     $ 2,733.00     $ 4,751.00     $ 426.00     $ 1,308.00
EQ/Marsico Focus                              N/A     $ 1,939.00     $ 2,783.00     $ 4,843.00     $ 436.00     $ 1,339.00
EQ/MFS Emerging Growth Companies+             N/A     $ 1,883.00     $ 2,693.00     $ 4,677.00     $ 417.00     $ 1,283.00
EQ/MFS Investors Trust+                       N/A     $ 1,871.00     $ 2,673.00     $ 4,639.00     $ 413.00     $ 1,271.00
EQ/Money Market                               N/A     $ 1,781.00     $ 2,526.00     $ 4,363.00     $ 383.00     $ 1,181.00
EQ/Montag & Caldwell Growth                   N/A     $ 1,917.00     $ 2,748.00     $ 4,779.00     $ 429.00     $ 1,317.00
EQ/Mutual Shares                              N/A     $ 2,067.00     $ 2,991.00     $ 5,220.00     $ 480.00     $ 1,467.00
EQ/Oppenheimer Global                         N/A     $ 2,327.00     $ 3,403.00     $ 5,940.00     $ 571.00     $ 1,727.00
EQ/Oppenheimer Main Street Opportunity        N/A     $ 2,377.00     $ 3,483.00     $ 6,074.00     $ 589.00     $ 1,777.00
EQ/Oppenheimer Main Street Small Cap          N/A     $ 2,363.00     $ 3,460.00     $ 6,035.00     $ 583.00     $ 1,763.00
EQ/PIMCO Real Return                          N/A     $ 1,862.00     $ 2,658.00     $ 4,611.00     $ 410.00     $ 1,262.00
EQ/Short Duration Bond                        N/A     $ 1,812.00     $ 2,577.00     $ 4,459.00     $ 393.00     $ 1,212.00
EQ/Small Cap Value+                           N/A     $ 1,908.00     $ 2,733.00     $ 4,751.00     $ 426.00     $ 1,308.00
EQ/Small Company Growth+                      N/A     $ 1,997.00     $ 2,878.00     $ 5,016.00     $ 456.00     $ 1,397.00
EQ/Small Company Index                        N/A     $ 1,766.00     $ 2,501.00     $ 4,314.00     $ 378.00     $ 1,166.00
EQ/TCW Equity++                               N/A     $ 1,933.00     $ 2,773.00     $ 4,825.00     $ 434.00     $ 1,333.00
EQ/Templeton Growth                           N/A     $ 2,125.00     $ 3,083.00     $ 5,385.00     $ 500.00     $ 1,525.00
EQ/UBS Growth and Income                      N/A     $ 1,920.00     $ 2,753.00     $ 4,788.00     $ 430.00     $ 1,320.00
EQ/Van Kampen Comstock                        N/A     $ 1,896.00     $ 2,713.00     $ 4,714.00     $ 422.00     $ 1,296.00
EQ/Van Kampen Emerging Markets Equity         N/A     $ 2,104.00     $ 3,049.00     $ 5,324.00     $ 493.00     $ 1,504.00
EQ/Van Kampen Mid Cap Growth                  N/A     $ 1,924.00     $ 2,758.00     $ 4,797.00     $ 431.00     $ 1,324.00
EQ/Wells Fargo Montgomery Small Cap++         N/A     $ 2,025.00     $ 2,922.00     $ 5,096.00     $ 466.00     $ 1,425.00
- ----------------------------------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ----------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                N/A     $ 1,979.00     $ 2,848.00     $ 4,962.00     $ 450.00     $ 1,379.00
- ----------------------------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------
                                             If you do not surrender
                                           your contract at the end of
                                            the applicable time period
- ----------------------------------------------------------------------
 Portfolio Name                              5 years        10 years
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------
                                                     
EQ/Evergreen Omega                          $ 2,223.00     $ 4,732.00
EQ/FI Mid Cap                               $ 2,208.00     $ 4,705.00
EQ/FI Mid Cap Value+                        $ 2,223.00     $ 4,732.00
EQ/Franklin Income                          $ 2,432.00     $ 5,114.00
EQ/Franklin Small Cap Value                 $ 3,200.00     $ 6,434.00
EQ/Franklin Templeton Founding Strategy**   $ 2,456.00     $ 5,158.00
EQ/GAMCO Mergers and Acquisitions           $ 2,407.00     $ 5,069.00
EQ/GAMCO Small Company Value                $ 2,253.00     $ 4,788.00
EQ/International Growth                     $ 2,392.00     $ 5,042.00
EQ/Janus Large Cap Growth++                 $ 2,318.00     $ 4,907.00
EQ/JPMorgan Core Bond                       $ 2,087.00     $ 4,478.00
EQ/JPMorgan Value Opportunities             $ 2,173.00     $ 4,639.00
EQ/Legg Mason Value Equity                  $ 2,228.00     $ 4,742.00
EQ/Long Term Bond                           $ 2,082.00     $ 4,469.00
EQ/Lord Abbett Growth and Income            $ 2,248.00     $ 4,779.00
EQ/Lord Abbett Large Cap Core               $ 2,323.00     $ 4,916.00
EQ/Lord Abbett Mid Cap Value                $ 2,233.00     $ 4,751.00
EQ/Marsico Focus                            $ 2,283.00     $ 4,843.00
EQ/MFS Emerging Growth Companies+           $ 2,193.00     $ 4,677.00
EQ/MFS Investors Trust+                     $ 2,173.00     $ 4,639.00
EQ/Money Market                             $ 2,026.00     $ 4,363.00
EQ/Montag & Caldwell Growth                 $ 2,248.00     $ 4,779.00
EQ/Mutual Shares                            $ 2,491.00     $ 5,220.00
EQ/Oppenheimer Global                       $ 2,903.00     $ 5,940.00
EQ/Oppenheimer Main Street Opportunity      $ 2,983.00     $ 6,074.00
EQ/Oppenheimer Main Street Small Cap        $ 2,960.00     $ 6,035.00
EQ/PIMCO Real Return                        $ 2,158.00     $ 4,611.00
EQ/Short Duration Bond                      $ 2,077.00     $ 4,459.00
EQ/Small Cap Value+                         $ 2,233.00     $ 4,751.00
EQ/Small Company Growth+                    $ 2,378.00     $ 5,016.00
EQ/Small Company Index                      $ 2,001.00     $ 4,314.00
EQ/TCW Equity++                             $ 2,273.00     $ 4,825.00
EQ/Templeton Growth                         $ 2,583.00     $ 5,385.00
EQ/UBS Growth and Income                    $ 2,253.00     $ 4,788.00
EQ/Van Kampen Comstock                      $ 2,213.00     $ 4,714.00
EQ/Van Kampen Emerging Markets Equity       $ 2,549.00     $ 5,324.00
EQ/Van Kampen Mid Cap Growth                $ 2,258.00     $ 4,797.00
EQ/Wells Fargo Montgomery Small Cap++       $ 2,422.00     $ 5,096.00
- ----------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ----------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 2,348.00     $ 4,962.00
- ----------------------------------------------------------------------



20 Fee table




*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits" later in this Prospectus for the investment
    option's former name.
**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.
+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.
++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


                                                                    Fee table 21




CONDENSED FINANCIAL INFORMATION

Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


22 Fee table



1. Contract features and benefits
- --------------------------------------------------------------------------------
HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum contribution amount for each type of owner
and contract purchased. The following table summarizes our rules regarding
contributions to your contract. Both the owner and annuitant named in the
contract must meet the issue age requirements shown in the table, and
contributions are based on the age of the older of the original owner and
annuitant.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are ages 81
and older at contract issue unless you elect GWBL). We may also refuse to accept
any contribution if the sum of all contributions under all AXA Equitable annuity
accumulation contracts with the same owner or annuitant would then total more
than $2,500,000. We may waive these contribution limitations based on certain
criteria, including benefits that have been elected, issue age, the total amount
of contributions, variable investment option allocations and selling
broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.

- --------------------------------------------------------------------------------

THE "OWNER" IS THE PERSON WHO IS THE NAMED OWNER IN THE CONTRACT AND, IF AN
INDIVIDUAL, IS THE MEASURING LIFE FOR DETERMINING, CONTRACT BENEFITS. THE
"ANNUITANT" IS THE PERSON WHO IS THE MEASURING LIFE FOR DETERMINING THE
CONTRACT'S MATURITY DATE. THE ANNUITANT IS NOT NECESSARILY THE CONTRACT OWNER.
WHERE THE OWNER OF A CONTRACT IS NON-NATURAL, THE ANNUITANT IS THE MEASURING
LIFE FOR DETERMINING CONTRACT BENEFITS.

- --------------------------------------------------------------------------------




- --------------------------------------------------------------------------------
                  Available
                 for owner
                 and annuitant    Minimum
 Contract type   issue ages      contributions
- --------------------------------------------------------------------------------
                           
NQ               0 through 85     o $5,000 (initial)
                                  o $500 (additional)
                                  o $100 monthly and $300
                                    quarterly under our auto-
                                    matic investment program
                                    (additional)


- --------------------------------------------------------------------------------
 Contract type    Source of contributions        Limitations on contributions+
                                          
- --------------------------------------------------------------------------------
NQ               o After-tax money.             o No additional contributions
                                                  may be made after attain-
                 o Paid to us by check or         ment of age 86, or if later,
                   transfer of contract value in  the first contract date anni-
                   a tax-deferred exchange        versary.*
                   under Section 1035 of the
                   Internal Revenue Code.
- --------------------------------------------------------------------------------



                                               Contract features and benefits 23






- --------------------------------------------------------------------------------
                  Available
                 for owner
                 and annuitant    Minimum
 Contract type   issue ages      contributions
- --------------------------------------------------------------------------------
                           
Rollover IRA     20 through 85         o $5,000 (initial)
                                       o $50 (additional)


- --------------------------------------------------------------------------------
 Contract type    Source of contributions          Limitations on contributions+
- --------------------------------------------------------------------------------
                                            
Rollover IRA     o Eligible rollover distribu-    o No additional contributions
                   tions from TSA contracts or      may be made after attain-
                   other 403(b) arrangements,       ment of age 86, or, if
                   qualified plans, and govern-     later, the first contract
                   mental employer 457(b)           date anniversary.*
                   plans.
                                                  o Contributions after age 70-
                 o Rollovers from another           1/2 must be net of required
                   traditional individual retire-   minimum distributions.
                   ment arrangement.
                                                  o Although we accept regular
                 o Direct custodian-to-             IRA contributions (limited
                   custodian transfers from         to $4,000 for 2007 and
                   another traditional indi-        $5,000 for 2008) under
                   vidual retirement                rollover IRA contracts, we
                   arrangement.                     intend that this contract be
                                                    used primarily for rollover
                 o Regular IRA contributions.       and direct transfer
                                                    contributions.
                 o Additional "catch-up"
                   contributions.
                                                  o Additional catch-up contri-
                                                    butions of up to $1,000 per
                                                    calendar year where the
                                                    owner is at least age 50 but
                                                    under age 70-1/2 at any time
                                                    during the calendar year for
                                                    which the contribution is
                                                    made.
- --------------------------------------------------------------------------------



24 Contract features and benefits






- --------------------------------------------------------------------------------
                   Available
                  for owner
                  and annuitant    Minimum
 Contract type    issue ages      contributions
- --------------------------------------------------------------------------------
                            
Roth Conversion   20 through 85    o $5,000 (initial)
IRA                                o $50 (additional)


- --------------------------------------------------------------------------------
 Contract type     Source of contributions         Limitations on contributions+
- --------------------------------------------------------------------------------
                                            
Roth Conversion   o Rollovers from another        o No additional contributions
IRA                 Roth IRA.                       may be made after attain-
                                                    ment of age 86, or, if later,
                  o Rollovers from a "desig-        the first contract date
                    nated Roth contribution         anniversary.*
                    account" under a 401(k)
                    plan or 403(b) arrange-       o Conversion rollovers after
                    ment.                           age 70-1/2 must be net of
                                                    required minimum distribu-
                  o Conversion rollovers from a     tions for the traditional
                    traditional IRA.                IRA you are rolling over.

                  o Direct transfers from         o You cannot roll over funds
                    another Roth IRA.               from a traditional IRA if
                                                    your adjusted gross income
                  o Regular Roth IRA contribu-      is $100,000 or more.
                    tions.
                                                  o Although we accept regular
                  o Additional catch-up             Roth IRA contributions (lim-
                    contributions.                  ited to $4,000 for 2007 and
                                                    $5,000 for 2008) under Roth
                                                    IRA contracts, we intend
                                                    that this contract be used
                                                    primarily for rollover and
                                                    direct transfer contribu-
                                                    tions.

                                                  o Additional catch-up contri-
                                                    butions of up to $1,000 per
                                                    calendar year where the
                                                    owner is at least age 50 at
                                                    any time during the calendar
                                                    year for which the contribu-
                                                     tion is made.
- --------------------------------------------------------------------------------




- --------------------------------------------------------------------------------
                   Available
                  for owner
                  and annuitant    Minimum
 Contract type    issue ages      contributions
- --------------------------------------------------------------------------------
                            
Rollover TSA      20 through 85    o $5,000 (initial)
                                   o $500 (additional)


- --------------------------------------------------------------------------------
 Contract type     Source of contributions         Limitations on contributions+
- --------------------------------------------------------------------------------
                                            
Rollover TSA       o Direct transfers of pre-tax   o No additional
                     contributions funds from        may be made after attain-
                     another contract or arrange-    ment of age 86, or, if
                     ment under Section 403(b),      later, the first contract
                     of the Internal Revenue Code,   date anniversary.*
                     complying with IRS Revenue
                     Ruling 90-24.                 o Rollover or direct transfer
                                                     contributions after age 70-
                   o Eligible rollover distribu-     1/2 must be net of any
                     tions of pre-tax funds from     required minimum
                     other 403(b) plans. Subse-      distributions.
                     quent contributions may
                     also be rollovers from        o We do not accept employer-
                     quali- fied plans,              remitted contributions.
                     governmental employer 457(b)
                     plans and traditional IRAs.



                                               Contract features and benefits 25






- --------------------------------------------------------------------------------
                  Available
                 for owner
                 and annuitant    Minimum
 Contract type   issue ages      contributions
- --------------------------------------------------------------------------------
                           
QP               20 through 75    o $5,000 (initial)
                                  o $500 (additional)


- --------------------------------------------------------------------------------
 Contract type    Source of contributions         Limitations on contributions+
                                           
- --------------------------------------------------------------------------------
QP               o Only transfer contributions   o A separate QP contract must
                   from other investments          be established for each plan
                   within an existing defined      participant.
                   contribution qualified plan
                   trust.                        o We do not accept regular
                                                   ongoing payroll contribu-
                 o The plan must be qualified      tions or contributions
                   under Section 401(a) of the     directly from the employer.
                   Internal Revenue Code.
                                                 o Only one additional transfer
                 o For 401(k) plans, trans-        contribution may be made
                   ferred contributions may        during a contract year.
                   not include any after-tax
                   contributions including       o No additional transfer con-
                   designated Roth contribu-       tributions after partici-
                   tions.                          pant's attainment of age 76
                                                   or, if later, the first
                                                   contract date anniversary.

                                                 o Contributions after age 70-
                                                   1/2 must be net of any
                                                   required minimum distribu-
                                                   tions.

                                                 o We do not accept contribu-
                                                   tions from defined benefit
                                                   plans.

See Appendix II at the end of this Prospectus for a discussion of purchase
considerations of QP contracts.
- --------------------------------------------------------------------------------



26 Contract features and benefits








- --------------------------------------------------------------------------------
                    Available
                   for owner
                   and annuitant    Minimum
 Contract type     issue ages      contributions
                             
- --------------------------------------------------------------------------------
Flexible Premium   20 through 70   o $4,000 (initial)
IRA                                o $50 (additional)
                                   o $50 monthly or quarterly
                                     under our automatic invest-
                                     ment program (additional)


- --------------------------------------------------------------------------------
 Contract type      Source of contributions          Limitations on contributions+
                                              
- --------------------------------------------------------------------------------
Flexible Premium   o Regular traditional IRA        o No regular IRA contribu-
IRA                  contributions.                   tions in the calendar year
                                                      you turn age 70-1/2 and
                                                      thereafter.
                   o Additional catch-up
                     contributions.                 o Rollover and direct
                                                      transfer contributions may
                                                      be made up to attainment
                   o Eligible rollover distribu-      of age 86.*
                     tions from TSA contracts or
                     other 403(b) arrangements,     o Regular contributions may
                     qualified plans, and govern-     not exceed $4,000 for 2007
                     mental employer 457(b)           and $5,000 for 2008.
                     plans.

                   o Rollovers from another         o Rollover and direct trans-
                     traditional individual retire-   fer contributions after
                     ment arrangement.                age 70-1/2 must be net of
                                                      required minimum distribu-
                   o Direct custodian-                tions.
                     to-custodian transfers from
                     another traditional indi-      o Although we accept
                     vidual retirement arrangement.   rollover and direct trans-
                                                      fer contributions under
                                                      the Flexible Premium IRA
                                                      contract, we intend that
                                                      this contract be used for
                                                      ongoing regular contribu-
                                                      tions.

                                                    o Additional catch-up con-
                                                      tributions of up to $1,000
                                                      per calendar year where
                                                      the owner is at least age
                                                      50 but under age 70-1/2 at
                                                      any time during the calen-
                                                      dar year for which the
                                                      contribution is made.



                                               Contract features and benefits 27






- --------------------------------------------------------------------------------
                    Available
                   for owner
                   and annuitant    Minimum
 Contract type     issue ages      contributions
- --------------------------------------------------------------------------------
                             
Flexible Premium   20 through 85   o $4,000 (initial)
Roth IRA
                                   o $50 (additional)

                                   o $50 monthly or quarterly
                                     under our automatic invest-
                                     ment program (additional)


- --------------------------------------------------------------------------------
 Contract type      Source of contributions         Limitations on contributions+
                                             
- --------------------------------------------------------------------------------
Flexible Premium   o Regular after-tax contribu-   o No additional contributions
Roth IRA             tions.                          may be made after the
                                                     attainment of age 86, or,
                   o Additional catch-up contri-     if later, the first con-
                     butions.                        tract date anniversary.*

                   o Rollovers from another        o Regular Roth IRA contribu-
                     Roth IRA.                       tions may not exceed $4,000
                                                     for 2007 and $5,000 for
                   o Rollovers from a "desig-        2008.
                     nated Roth contribution
                     account" under a 401(k)       o Contributions are subject
                     plan or 403(b) arrange-         toincome limits and other
                     ment.                           tax rules.

                   o Conversion rollovers from a   o Although we accept rollover
                     traditional IRA.                and direct transfer contri-
                                                     butions under the Flexible
                                                     Premium Roth IRA contract,
                   o Direct transfers from           we intend that this con-
                     another Roth IRA.               tract be used for ongoing
                                                     regular Roth IRA contribu
                                                     tions.

                                                   o Additional catch-up contri-
                                                     butions of up to $1,000 per
                                                     calendar year where the
                                                     owner is at least age 50 at
                                                     any time during the calen-
                                                     dar year for which the
                                                     contribution is made.

- --------------------------------------------------------------------------------



28 Contract features and benefits






- --------------------------------------------------------------------------------
                    Available
                   for owner
                   and annuitant    Minimum
 Contract type     issue ages      contributions
- --------------------------------------------------------------------------------
                             
Inherited IRA      0-70             o $5,000 (initial)
Beneficiary                         o $1,000 (additional)
Continuation
Contract (tradi-
tional IRA or
Roth IRA)


- --------------------------------------------------------------------------------
 Contract type      Source of contributions       Limitations on contributions+
                                           
- --------------------------------------------------------------------------------
Inherited IRA      o  Direct custodian-to-       o Any additional contributions
Beneficiary           custodian transfers of       must be from the same type
Continuation          your interest as a death     of IRA of the same deceased
Contract (tradi-      beneficiary of the           owner.
tional IRA or         deceased owner's
Roth IRA)             traditional individual     o Non-spousal beneficiary
                      retirement arrangement       direct rollover contributions
                      or Roth IRA to an IRA        from qualified plans, 403(b)
                      of the same type.            arrangements and govern-
                                                   mental employer 457(b) plans
                                                   may be made to a traditional
                                                   Inherited IRA contract under
                                                   specified circumstances.
- --------------------------------------------------------------------------------




+   Additional contributions may not be permitted under certain conditions in
    your state. Please see Appendix VII later in the Prospectus to see if
    additional contributions are permitted in your state. If you are
    participating in a Principal guarantee benefit, contributions will only be
    permitted for the first six months after the contract is issued and no
    further contributions will be permitted for the life of the contract. For
    the Guaranteed withdrawal benefit for life option, additional contributions
    are not permitted after the later of: (i) the end of the first contract
    year, and (ii) the date you make your first withdrawal.

*   Please see Appendix VII later in this Prospectus for state variations.


See "Tax information" later in this Prospectus for a more detailed discussion of
sources of contributions and certain contribution limitations. For information
on when contributions are credited under your contract see "Dates and prices at
which contract events occur" in "More information" later in this Prospectus.

                                               Contract features and benefits 29



OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. A joint owner
may also be named. Only natural persons can be joint owners. This means that an
entity such as a corporation cannot be a joint owner. In general, we will not
permit a contract to be owned by a minor unless it is pursuant to the Uniform
Gift to Minors Act or the Uniform Transfers to Minors Act in your state. For the
Spousal continuation feature to apply, the spouses must either be joint owners,
or, for Single life contracts, the surviving spouse must be the sole primary
beneficiary.


If you are purchasing this contract to fund a charitable remainder trust and
elect either the Guaranteed minimum income benefit ("GMIB") or the Guaranteed
withdrawal benefit for life ("GWBL"), or an enhanced death benefit, you should
strongly consider "split-funding": that is, the trust holds investments in
addition to this Accumulator(R) contract. Charitable remainder trusts are
required to take specific distributions. The charitable remainder trust annual
withdrawal requirement may be equal to a percentage of the donated amount or a
percentage of the current value of the donated amount. If your Accumulator(R)
contract is the only source for such distributions, the payments you need to
take may significantly reduce the value of those guaranteed benefits. Such
amount may be greater than the annual increase in the GMIB, GWBL and/or the
enhanced death benefit base and/or greater than the Guaranteed annual withdrawal
amount under GWBL. See the discussion of these benefits later in this section.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract. See "Inherited IRA beneficiary
continuation contract" later in this section for Inherited IRA owner and
annuitant requirements.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


Certain benefits under your contract, as described later in this Prospectus, are
based on the age of the owner. If the owner of the contract is not a natural
person, these benefits will be based on the age of the annuitant. We do not
permit joint annuitants unless you elect the Guaranteed withdrawal benefit for
life on a Joint life basis, and the contract is owned by a non-natural owner.
Under QP contracts, all benefits are based on the age of the annuitant.

HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply contributions
made pursuant to a Section 1035 tax-free exchange or a direct transfer. We do
not accept third-party checks endorsed to us except for rollover contributions,
tax-free exchanges or trustee checks that involve no refund. All checks are
subject to our ability to collect the funds. We reserve the right to reject a
payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealers.
Additional contributions may also be made under our automatic investment
program. These methods of payment are discussed in detail in "More information"
later in this Prospectus.

- --------------------------------------------------------------------------------
THE "CONTRACT DATE" IS THE EFFECTIVE DATE OF A CONTRACT. THIS USUALLY IS THE
BUSINESS DAY WE RECEIVE THE PROPERLY COMPLETED AND SIGNED APPLICATION, ALONG
WITH ANY OTHER REQUIRED DOCUMENTS, AND YOUR INITIAL CONTRIBUTION. YOUR CONTRACT
DATE WILL BE SHOWN IN YOUR CONTRACT. THE 12-MONTH PERIOD BEGINNING ON YOUR
CONTRACT DATE AND EACH 12-MONTH PERIOD AFTER THAT DATE IS A "CONTRACT YEAR." THE
END OF EACH 12-MONTH PERIOD IS YOUR "CONTRACT DATE ANNIVERSARY." FOR EXAMPLE, IF
YOUR CONTRACT DATE IS MAY 1, YOUR CONTRACT DATE ANNIVERSARY IS APRIL 30.
- --------------------------------------------------------------------------------
Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing or
unclear, we will hold the contribution, whether received via check or wire, in a
non-interest bearing suspense account while we try to obtain this information.
If we are unable to obtain all of the information we require within five
business days after we receive an incomplete application or form, we will inform
the financial professional submitting the application on your behalf. We will
then return the contribution to you unless you specifically direct us to keep
your contribution until we receive the required information.
- --------------------------------------------------------------------------------
OUR "BUSINESS DAY" IS GENERALLY ANY DAY THE NEW YORK STOCK EXCHANGE IS OPEN FOR
TRADING AND GENERALLY ENDS AT 4:00 P.M. EASTERN TIME. A BUSINESS DAY DOES NOT
INCLUDE A DAY WE CHOOSE NOT TO OPEN DUE TO EMERGENCY CONDITIONS. WE MAY ALSO
CLOSE EARLY DUE TO EMERGENCY CONDITIONS.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?


You can choose from among the variable investment options, the guaranteed
interest option, the fixed maturity options and the account for special dollar
cost averaging. If you elect the Guaranteed withdrawal benefit for life or the
100% Principal guarantee benefit, your investment options will be limited to the
guaranteed interest option, the account for special dollar cost averaging and
the following variable investment options: the AXA Allocation portfolios and the
EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").

If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the AXA Moderate Allocation portfolio.


VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfo-

30  Contract features and benefits




lios. You can lose your principal when investing in the variable investment
options. In periods of poor market performance, the net return, after charges
and expenses, may result in negative yields, including for the EQ/Money Market
variable investment option. Listed below are the currently available portfolios,
their investment objectives and their advisers.



                                              Contract features and benefits  31



PORTFOLIOS OF THE TRUSTS


You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
contract. These portfolios may even have the same manager(s) and/or a similar
name. However, there are numerous factors that can contribute to differences in
performance between two investments, particularly over short periods of time.
Such factors may include fees and expenses; the timing of stock purchases and
sales; differences in fund cash flows; and specific strategies employed by the
portfolio manager.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for inclusion
in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC, an
affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject to
conflicts of interest insofar as AXA Equitable may derive greater revenues from
the AXA Allocation Portfolios than certain other portfolios available to you
under your contract. In addition, the AXA Allocation Portfolios may enable AXA
Equitable to more efficiently manage AXA Equitable's financial risks associated
with certain guaranteed features including those optional benefits that restrict
allocations to the AXA Allocation Portfolios. Please see "Allocating your
contributions" in "Contract features and benefits" for more information about
your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the Trusts
and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.







- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                      Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                   applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                        o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                        o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a           o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.     o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,     o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                                 o AllianceBernstein L.P.
 EQUITY(1)
                                                                                           o ClearBridge Advisors, LLC

                                                                                           o Legg Mason Capital Management, Inc.

                                                                                           o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER                  To seek a balance of a high current income and               o BlackRock Financial Management, Inc.
CORE BOND(2)                  capital appreciation, consistent with a
                              prudent level of risk.                                       o Pacific Investment Management Company
                                                                                             LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                                 o A I M Capital Management, Inc.

                                                                                           o RCM Capital Management LLC

                                                                                           o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER                  High total return through a                                  o Pacific Investment Management Company
HIGH YIELD(4)                 combination of current income and capital                      LLC
                              appreciation.
                                                                                           o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                                 o AllianceBernstein L.P.
 EQUITY(5)
                                                                                           o JPMorgan Investment Management Inc.

                                                                                           o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------




32 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust                                                                Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                             applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o AllianceBernstein L.P.
 CORE EQUITY(6)
                                                                                      o Janus Capital Management LLC

                                                                                      o Thornburg Investment Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o RCM Capital Management LLC
 GROWTH(7)
                                                                                      o TCW Investment Management Company

                                                                                      o T. Rowe Price Associates, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o AllianceBernstein L.P.
 VALUE(8)
                                                                                      o Institutional Capital LLC

                                                                                      o MFS Investment Management

- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o AllianceBernstein L.P.
 GROWTH(9)
                                                                                      o Franklin Advisers, Inc.

                                                                                      o Provident Investment Counsel, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o AXA Rosenberg Investment Management LLC
 VALUE(10)
                                                                                      o TCW Investment Management Company

                                                                                      o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                           o Firsthand Capital Management, Inc.

                                                                                      o RCM Capital Management LLC

                                                                                      o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                              applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN           Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 COMMON STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                  o AllianceBernstein L.P.
 AND INCOME++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN           Seeks to achieve high current income consistent        o AllianceBernstein L.P.
 INTERMEDIATE GOVERNMENT       with relative stability of principal.
 SECURITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN           Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 INTERNATIONAL
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent        o AllianceBernstein L.P.
BOND                           with moderate risk to capital.

- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN(SM) ALL       Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                            o AllianceBernstein L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                  o Ariel Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         Seeks to increase value through bull markets and bear  o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY             markets using strategies that are designed
                               to limit expo- sure to general equity market
                               risk.
- ------------------------------------------------------------------------------------------------------------------------------------




                                               Contract features and benefits 33






- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                              applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
EQ/BLACKROCK BASIC VALUE      Seeks capital appreciation and secondarily, income.     o BlackRock Investment Management, LLC
 EQUITY(12)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term growth    o BlackRock Investment Management Interna-
 VALUE(13)                    of income, accompanied by growth of capital.                 tional Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve     o Boston Advisors, LLC
 INCOME                       an above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.                   o Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                          o Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.                      o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.                 o Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.           o Capital Guardian Trust Company
 RESEARCH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.           o Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.                       o Caywood-Scholl Capital Management
 YIELD BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.                      o Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates  o AllianceBernstein L.P.
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk
                              level consis- tent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.                o Evergreen Investment Management
 BOND                                                                                   Company, LLC

                                                                                      o First International Fund Advisors (dba
                                                                                        "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.                         o Evergreen Investment Management
                                                                                        Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.                      o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.                   o Fidelity Management & Research Company--
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects    o Franklin Advisers, Inc.
                              for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.                           o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily    o AXA Equitable
 FOUNDING STRATEGY(**)        seeks income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.                  o GAMCO Asset Management Inc.
 ACQUISITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.                 o GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.                  o MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGECAP GROWTH++    Seeks long-term growth of capital.                      o Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------




34 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                              applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return                   o JPMorgan Investment Management Inc.
                               consistent with mod- erate risk to capital and
                               maintenance of liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.                        o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                     o Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation      o BlackRock Financial Management, Inc.
                               through investment in long-maturity debt
                               obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without      o Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with         o Lord, Abbett & Co. LLC
 CORE                          reasonable risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                  o Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                     o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.             o MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of                              o MFS Investment Management
                               capital with a secondary objective to seek
                               reasonable current income. For purposes of this
                               Portfolio, the words "reasonable current income"
                               mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current                o The Dreyfus Corporation
                               income, preserve its assets and maintain
                               liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.                 o Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally     o Franklin Mutual Advisers, LLC
                               be short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.                            o OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.                  o OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.                            o OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent                   o Pacific Investment Management Company,
                               with preservation of real capital and prudent            LLC
                               investment management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of        o BlackRock Financial Management, Inc.
                               principal.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.                            o Lazard Asset Management LLC

                                                                                      o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.                 o Bear Stearns Asset Management Inc.

                                                                                      o Eagle Asset Management, Inc.

                                                                                      o Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the  o AllianceBernstein L.P.
                               deduction of portfolio expenses) the total return
                               of the Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.       o TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------




                                               Contract features and benefits 35






- ---------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                Objective                                            applicable)
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                
EQ/TEMPLETON GROWTH              Seeks long-term capital growth.                      o Templeton Global Advisors Limited

- ---------------------------------------------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return                        o UBS Global Asset Management
                                 through capital appreciation with income as a          (Americas) Inc.
                                 secondary consideration.
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.                           o Morgan Stanley Investment
                                                                                        Management Inc.
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING           Seeks long-term capital appreciation.                o Morgan Stanley Investment
 MARKETS EQUITY                                                                         Management Inc.
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.                                      o Morgan Stanley Investment GROWTH
 GROWTH
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.                o Wells Capital Management Inc.
 SMALL CAP++
- ---------------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional
Funds, Inc.
Portfolio Name                    Objective                                            Investment Manager
- ---------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income        o Van Kampen (is the name under which Morgan
                                 and long-term capital appreciation by investing        Stanley Management Inc. does business in
                                 primarily in equity securities of companies            certain situations)
                                 in the U.S. real estate industry, including
                                 real estate investment trusts.

- ---------------------------------------------------------------------------------------------------------------------------------





(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.

- ----------------------------------------------
FN      Portfolio Name until May 29, 2007
- ----------------------------------------------
(1)     AXA Premier VIP Aggressive Equity
- ----------------------------------------------
(2)     AXA Premier VIP Core Bond
- ----------------------------------------------
(3)     AXA Premier VIP Health Care
- ----------------------------------------------
(4)     AXA Premier VIP High Yield
- ----------------------------------------------
(5)     AXA Premier VIP International Equity
- ----------------------------------------------
(6)     AXA Premier VIP Large Cap Core Equity
- ----------------------------------------------
(7)     AXA Premier VIP Large Cap Growth
- ----------------------------------------------
(8)     AXA Premier VIP Large Cap Value
- ----------------------------------------------
(9)     AXA Premier VIP Mid Cap Growth
- ----------------------------------------------
(10)    AXA Premier VIP Mid Cap Value
- ----------------------------------------------
(11)    AXA Premier VIP Technology
- ----------------------------------------------
(12)    EQ/Mercury Basic Value Equity
- ----------------------------------------------
(13)    EQ/Mercury International Value
- ----------------------------------------------

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

You should consider the investment objective, risks, and charges and expenses of
the Portfolios carefully before investing. The prospectuses for the Portfolios
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may call
one of our customer service representatives at 1-800-789-7771.


36 Contract features and benefits




GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest option.

We credit interest daily to amounts in the guaranteed interest option. There are
three levels of interest in effect at the same time in the guaranteed interest
option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.


We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures. All
interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges and any optional benefit charges.
See Appendix VII later in this Prospectus for state variations.

Depending on the state where your contract is issued, your lifetime minimum rate
ranges from 1.00% to 3.00%. The data page for your contract shows the lifetime
minimum rate. Check with your financial professional as to which rate applies in
your state. The minimum yearly rate will never be less than the lifetime minimum
rate. The minimum yearly rate for 2007 is 3.00%. Current interest rates will
never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers from the guaranteed
interest option.

FIXED MATURITY OPTIONS


We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VII later in this Prospectus to see
if fixed maturity options are available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options generally range from one to ten years to maturity.
- --------------------------------------------------------------------------------
On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) contract, a 60-day rate lock-in will apply from the date
the application is signed. Any contributions received and designated for a fixed
maturity option during this period will receive the then current fixed maturity
option rate or the rate that was in effect on the date that the application was
signed, whichever is greater. There is no rate lock available for subsequent
contributions to the contract after 60 days, transfers from any of the variable
investment options or the guaranteed interest option into a fixed maturity
option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that time,
you may choose to have one of the following take place on the maturity date, as
long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a)  transfer the maturity value into another available fixed maturity option,
     any of the variable investment options or the guaranteed interest option;
     or

(b)  withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available, we will transfer your maturity value to the
EQ/Money Market option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract, or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a fixed
maturity option are used to purchase any annuity payment option prior to the
maturity date and may apply on payment of a death benefit. The market value
adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount applied
to an annuity payout option will reflect the application of any applicable



                                              Contract features and benefits  37




market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:


(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate we have in effect at that time for new fixed
     maturity options (adjusted to reflect a similar maturity date), and

(b)  the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the fixed
maturity option's maturity date. Therefore, it is possible that the market value
adjustment could greatly reduce your value in the fixed maturity options,
particularly in the fixed maturity options with later maturity dates.


We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

The account for special dollar cost averaging is part of our general account. We
pay interest at guaranteed rates in this account. We will credit interest to the
amounts that you have in the account for special dollar cost averaging every
day. We set the interest rates periodically, according to procedures that we
have. We reserve the right to change these procedures.

We guarantee to pay our current interest rate that is in effect on the date that
your contribution is allocated to this account. Your guaranteed interest rate
for the time period you select will be shown in your contract for an initial
contribution. The rate will never be less than the lifetime minimum rate for the
guaranteed interest option. See "Allocating your contributions" below for rules
and restrictions that apply to the special dollar cost averaging program.

ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an investment
advisory account, and AXA Equitable is not providing any investment advice or
managing the allocations under your contract. In the absence of a specific
written arrangement to the contrary, you, as the owner of the contract, have the
sole authority to make investment allocations and other decisions under the
contract. If your financial professional is with AXA Advisors, he or she is
acting as a broker-dealer registered representative, and is not authorized to
act as an investment advisor or to manage the allocations under your contract.
If your financial professional is a registered representative with a
broker-dealer other than AXA Advisors, you should speak with him/her regarding
any different arrangements that may apply.


SELF-DIRECTED ALLOCATION


You may allocate your contributions to one or more, or all, of the variable
investment options, the guaranteed interest option (subject to restrictions in
certain states-see Appendix VII later in this Prospectus for state variations)
and fixed maturity options. Allocations must be in whole percentages and you may
change your allocations at any time. The total of your allocations into all
available investment options must equal 100%. If an owner or annuitant is age
76-80, you may allocate contributions to fixed maturity options with maturities
of seven years or less. If an owner or annuitant is age 81 or older, you may
allocate contributions to fixed maturity options with maturities of five years
or less. Also, you may not allocate amounts to fixed maturity options with
maturity dates that are later than the date annuity payments are to begin.


DOLLAR COST AVERAGING


We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options or the
guaranteed interest option.


- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------
SPECIAL DOLLAR COST AVERAGING PROGRAM. Under the special dollar cost averaging
program, you may choose to allocate all or a portion of any eligible
contribution to the account for special dollar cost averaging. Contributions
into the account for special dollar cost averaging may not be transfers from
other investment options. Your initial allocation to any special dollar cost
averaging program time period must be at least $2,000 and any subsequent
contribution to that same time period must be at least $250. You may only have
one time period in effect at any time and once you select a time period, you may
not change it. In Pennsylvania, we refer to this program as "enhanced rate
dollar cost averaging."


You may have your account value transferred to any of the variable investment
options available under your contract. Only the permitted variable investment
options are available if you elect the Guaranteed withdrawal benefit for life or
the 100% Principal guarantee benefit. Only the AXA Moderate Allocation portfolio
is available if you elect the 125% Principal guarantee benefit. We will transfer
amounts from the


38  Contract features and benefits




account for special dollar cost averaging into the variable investment options
over an available time period that you select. We offer time periods of 3, 6 or
12 months, during which you will receive an enhanced interest rate. We may also
offer other time periods. Your financial professional can provide information on
the time periods and interest rates currently available in your state, or you
may contact our processing office. If the special dollar cost averaging program
is selected at the time of application to purchase the Accumulator(R) contract,
a 60 day rate lock will apply from the date of application. Any contribution(s)
received during this 60 day period will be credited with the interest rate
offered on the date of application for the remainder of the time period selected
at application. Any contribution(s) received after the 60 day rate lock period
has ended will be credited with the then current interest rate for the remainder
of the time period selected at application. Contribution(s) made to a special
dollar cost averaging program selected after the Accumulator(R) contract has
been issued will be credited with the then current interest rate on the date the
contribution is received by AXA Equitable for the time period initially selected
by you. Once the time period you selected has run, you may then select another
time period for future contributions. At that time, you may also select a
different allocation for transfers to the variable investment options, or, if
you wish, we will continue to use the selection that you have previously made.
Currently, your account value will be transferred from the account for special
dollar cost averaging into the variable investment options on a monthly basis.
We may offer this program in the future with transfers on a different basis.

We will transfer all amounts out of the account for special dollar cost
averaging by the end of the chosen time period. The transfer date will be the
same day of the month as the contract date, but not later than the 28th day of
the month. For a special dollar cost averaging program selected after
application, the first transfer date and each subsequent transfer date for the
time period selected will be one month from the date the first contribution is
made into the special dollar cost averaging program, but not later than the 28th
day of the month.

If you choose to allocate only a portion of an eligible contribution to the
account for special dollar cost averaging, the remaining balance of that
contribution will be allocated to the variable investment options, guaranteed
interest option or fixed maturity options according to your instructions.

The only transfers that will be made from the account for special dollar cost
averaging are your regularly scheduled transfers to the variable investment
options. No amounts may be transferred from the account for special dollar cost
averaging to the guaranteed interest option or the fixed maturity options. If
you request to transfer or withdraw any other amounts from the account for
special dollar averaging, we will transfer all of the value that you have
remaining in the account for special dollar cost averaging to the investment
options according to the allocation percentages for special dollar cost
averaging we have on file for you. You may ask us to cancel your participation
at any time.


GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options (subject to restrictions in certain states.
See Appendix VII later in this Prospectus.) You can select to have transfers
made on a monthly, quarterly or annual basis. The transfer date will be the same
calendar day of the month as the contract date, but not later than the 28th day
of the month. You can also specify the number of transfers or instruct us to
continue making the transfers until all amounts in the EQ/Money Market option
have been transferred out. The minimum amount that we will transfer each time is
$250.


If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.

If you elect the Guaranteed withdrawal benefit for life, general dollar cost
averaging is not available.

INVESTMENT SIMPLIFIER

FIXED-DOLLAR OPTION. Under this option you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.


In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. Unlike the account for special dollar cost averaging,
this option does not offer enhanced rates. Also, the option is subject to the
guaranteed interest option transfer limitations described under "Transferring
your account value" in "Transferring your money among investment options" later
in this Prospectus. While the program is running, any transfer that exceeds
those limitations will cause the program to end for that contract year. You will
be notified. You must send in a request form to resume the program in the next
or subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.


INTEREST SWEEP OPTION. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. The transfer date
will be the last business day


                                              Contract features and benefits  39



of the month. The amount we will transfer will be the interest credited to
amounts you have in the guaranteed interest option from the last business day of
the prior month to the last business day of the current month. You must have at
least $7,500 in the guaranteed interest option on the date we receive your
election. We will automatically cancel the interest sweep program if the amount
in the guaranteed interest option is less than $7,500 on the last day of the
month for two months in a row. For the interest sweep option, the first monthly
transfer will occur on the last business day of the month following the month
that we receive your election form at our processing office.
                      ----------------------------------

You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program, you may participate in any of the dollar cost averaging
programs except general dollar cost averaging. You may only participate in one
dollar cost averaging program at a time. See "Transferring your money among
investment options" later in this Prospectus. Also, for information on how the
dollar cost averaging program you select may affect certain guaranteed benefits
see "Guaranteed minimum death benefit and Guaranteed minimum income benefit
base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in every state. See Appendix VII later in this
Prospectus for more information on state availability.


GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits, as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.


STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o  your initial  contribution and any additional  contributions to the contract;
   plus

o  daily roll-up; less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money" and
   the section entitled "Charges and expenses" later in this Prospectus. The
   amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.


The effective annual roll-up rate credited to the benefit base is:


o  6% with respect to the variable investment options (other than
   EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market and
   EQ/Short Duration Bond), and the account for special dollar cost averaging;
   the effective annual rate may be 4% in some states. Please see Appendix VII
   later in this Prospectus to see what applies in your state; and


o  3% with respect to the EQ/AllianceBernstein Intermediate Government
   Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed maturity
   options, the guaranteed interest option and the loan reserve account under
   Rollover TSA (if applicable).


The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday. For contracts
with non-natural owners, the benefit base stops rolling up after the contract
date anniversary following the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your
benefit base is equal to the greater of either:


o   your initial contribution to the contract (plus any additional
    contributions),

                                       or


o   your highest account value on any contract date anniversary up to the
    contract date anniversary following the owner's (or older joint owner's, if
    applicable) 85th birthday, plus any contributions made since the most recent
    Annual Ratchet,

                                      less

o   a deduction that reflects any withdrawals you make (including any applicable
    withdrawal charges). The amount of the deduction is described under "How
    withdrawals affect your Guaranteed minimum income benefit, Guaranteed
    minimum death benefit and Principal guarantee benefits" in "Accessing your
    money" later in


40  Contract features and benefits





    this Prospectus. The amount of any withdrawal charge is described under
    "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's age.

GREATER OF 6% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is equal to
the greater of the benefit base computed for the 6% Roll-Up to age 85 or the
benefit base computed for the Annual Ratchet to age 85, as described immediately
above, on each contract date anniversary. For the Guaranteed minimum income
benefit, the benefit base is reduced by any applicable withdrawal charge
remaining when the option is exercised. For more information, see "Withdrawal
charge" in "Charges and expenses" later in the Prospectus.

In Washington a different roll-up rate applies to the Greater of 6% Roll-Up to
age 85 or Annual Ratchet to age 85 enhanced death benefit. See Appendix VII
later in this Prospectus.


GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET. If both the Guaranteed minimum income benefit AND the
Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
death benefit (the "Greater of enhanced death benefit") are elected, you may
reset the Roll-Up benefit base for these guaranteed benefits to equal the
account value as of the 5th or later contract date anniversary. The reset amount
would equal the account value as of the contract date anniversary on which you
reset your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.

We will send you a notice in each year that the Roll-Up benefit base is eligible
to be reset, and you will have 30 days from your contract date anniversary to
reset your Roll-Up benefit base. Each time you reset the Roll-Up benefit base,
your Roll-Up benefit base will not be eligible for another reset for five years.
If after your death your spouse continues this contract, the benefit base will
be eligible to be reset either five years from the contract date or from the
last reset date, if applicable. The last age at which the benefit base is
eligible to be reset is owner (or older joint owner, if applicable) age 75. For
contracts with non-natural owners, reset eligibility is based on the annuitant's
age.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of reset; you may not exercise until the tenth contract date
anniversary following the reset. See "Exercise rules" under "Guaranteed minimum
income benefit option" below for more information. Please note that in almost
all cases, resetting your Roll-Up benefit base will lengthen the exercise
waiting period. Also, even when there is no additional charge when you reset
your Roll-Up benefit base, the total dollar amount charged on future contract
date anniversaries may increase as a result of the reset since the charges may
be applied to a higher benefit base than would have been otherwise applied. See
"Charges and expenses" in the Prospectus. If you are a traditional IRA, TSA or
QP contract owner, before you reset your Roll-Up benefit base, please consider
the effect of the 10-year exercise waiting period on your requirement to take
lifetime required minimum distributions with respect to this contract. If you
must begin taking lifetime required minimum distributions during the 10-year
waiting period, you may want to consider taking the annual lifetime required
minimum distribution calculated for this contract from another traditional IRA,
TSA or QP contract that you maintain. If you withdraw the lifetime required
minimum distribution from this contract, and the required minimum distribution
is more than 6% of the reset benefit base, the withdrawal would cause a pro-rata
reduction in the benefit base. Alternatively, resetting the benefit base to a
larger amount would make it less likely that the required minimum distributions
would exceed the 6% threshold. See "Lifetime required minimum distribution
withdrawals" and "How withdrawals affect your Guaranteed minimum income benefit
and Guaranteed minimum death benefit" in "Accessing your money." Also, see
"Required minimum distributions" under "Individual retirement arrangements
(IRAs)" and "Tax-sheltered annuity contracts (TSAs)" in "Tax information" and
Appendix II -- "Purchase considerations for QP Contracts," later in this
Prospectus.

The Roll-Up benefit base for both the "Greater of" enhanced death benefit and
the Guaranteed minimum income benefit are reset simultaneously when you request
a Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout options.
The Guaranteed minimum income benefit is discussed under "Guaranteed minimum
income benefit option" below and annuity payout options are discussed under
"Your annuity payout options" in "Accessing your money" later in this
Prospectus. Annuity purchase factors are based on interest rates, mortality
tables, frequency of payments, the form of annuity benefit, and the owner's (and
any joint owner's) age and sex in certain instances. Your contract specifies
different guaranteed annuity purchase factors for the Guaranteed minimum income
benefit and the annuity payout options. We may provide more favorable current
annuity purchase factors for the annuity payout options but we will always use
the guaranteed purchase factors to determine your periodic payments under the
Guaranteed minimum income benefit.

GUARANTEED MINIMUM INCOME BENEFIT OPTION


The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly owned,
the Guaranteed minimum income benefit will be calculated on the basis of the
older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.

If you are purchasing this contract as an Inherited IRA or if you elect a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life, the
Guaranteed minimum income benefit is not available. If you are using this
contract to fund a charitable remainder trust, you will



                                              Contract features and benefits  41





have to take certain distribution amounts. You should consider split-funding so
that those distributions do not adversely impact your Guaranteed minimum income
benefit. See "Owner and annuitant requirements" earlier in this section. If the
owner was older than age 60 at the time an IRA, QP or Rollover TSA contract was
issued, the Guaranteed minimum income benefit may not be an appropriate feature
because the minimum distributions required by tax law generally must begin
before the Guaranteed minimum income benefit can be exercised.


If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under certain
circumstances. See "Transfers of ownership, collateral assignments, loans and
borrowing" in "More information," later in this Prospectus for more information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. You choose which of these payout options you want
and whether you want the option to be paid on a single or joint life basis at
the time you exercise your Guaranteed minimum income benefit. The maximum period
certain available under the life with a period certain payout option is 10
years. This period may be shorter, depending on the owner's age, as follows:

- ----------------------------------------
              Level payments
- ----------------------------------------
                   Period certain years
       Owner's     ---------------------
  age at exercise        IRAs   NQ
- ----------------------------------------
   75 and younger        10    10
         76               9    10
         77               8    10
         78               7    10
         79               7    10
         80               7    10
         81               7     9
         82               7     8
         83               7     7
         84               6     6
         85               5     5
- ----------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base, less any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of Guaranteed
minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit you should consider the
fact that it provides a form of insurance and is based on conservative actuarial
factors. The guaranteed annuity purchase factors we use to determine your payout
annuity benefit under the Guaranteed minimum income benefit are more
conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic payment
under our standard payout annuity options. Therefore, even if your account value
is less than your benefit base, you may generate more income by applying your
account value to current annuity purchase factors. We will make this comparison
for you when the need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE". In general, if your
account value falls to zero (except, as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year or in the first contract year, all contributions received in the
first 90 days), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o   You will be issued a supplementary contract based on a single life with a
    maximum 10 year period certain. Payments will be made annually starting one
    year from the date the account value fell to zero.

o   You will have 30 days from when we notify you to change the payout option
    and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o   If your account value falls to zero due to a withdrawal that causes your
    total contract year withdrawals to exceed 6% of the Roll-Up benefit base (as
    of the beginning of the contract year);

o   If your aggregate withdrawals during any contract year exceed 6% of the
    Roll-Up benefit base (as of the beginning of the contract year or in the
    first contract year, all contributions received in the first 90 days);

42  Contract features and benefits




o   Upon the contract date anniversary following the owner (or older joint
    owner, if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to terminate
even if a withdrawal causes your total contract year withdrawals to exceed 6% of
your Roll-Up benefit base.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals, or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options or the loan reserve account under Rollover TSA contracts.

- ----------------------------------------------------
                               Guaranteed minimum
      Contract date        income benefit -- annual
 anniversary at exercise   income payable for life
- ----------------------------------------------------
            10                     $11,891
            15                     $18,597
- ----------------------------------------------------

EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date anniversary
that you are eligible to exercise the Guaranteed minimum income benefit, we will
send you an eligibility notice illustrating how much income could be provided as
of the contract date anniversary. You must notify us within 30 days following
the contract date anniversary if you want to exercise the Guaranteed minimum
income benefit. You must return your contract to us, along with all required
information within 30 days following your contract date anniversary, in order to
exercise this benefit. Upon exercise of the Guaranteed minimum income benefit,
the owner will become the annuitant, and the contract will be annuitized on the
basis of the owner's life. You will begin receiving annual payments one year
after the annuity payout contract is issued. If you choose monthly or quarterly
payments, you will receive your payment one month or one quarter after the
annuity payout contract is issued. You may choose to take a withdrawal prior to
exercising the Guaranteed minimum income benefit, which will reduce your
payments. You may not partially exercise this benefit. See "Accessing your
money" under "Withdrawing your account value" later in this Prospectus. Payments
end with the last payment before the annuitant's (or joint annuitant's, if
applicable) death or, if later, the end of the period certain (where the payout
option chosen includes a period certain).

EXERCISE RULES. Eligibility to exercise the Guaranteed minimum income benefit is
based on the owner's (or older joint owner's, if applicable) age as follows:

o   If you were at least age 20 and no older than age 44 when the contract was
    issued, you are eligible to exercise the Guaranteed minimum income benefit
    within 30 days following each contract date anniversary beginning with the
    15th contract date anniversary.

o   If you were at least age 45 and no older than age 49 when the contract was
    issued, you are eligible to exercise the Guaranteed minimum income benefit
    within 30 days following each contract date anniversary after age 60.

o   If you were at least age 50 and no older than age 75 when the contract was
    issued, you are eligible to exercise the Guaranteed minimum income benefit
    within 30 days following each contract date anniversary beginning with the
    10th contract date anniversary.

Please note:

(i)    the latest date you may exercise the Guaranteed minimum income benefit is
       within 30 days following the contract date anniversary following your
       85th birthday;

(ii)   if you were age 75 when the contract was issued or the Roll-Up benefit
       base was reset, the only time you may exercise the Guaranteed minimum
       income benefit is within 30 days following the contract date anniversary
       following your attainment of age 85;

(iii)  for Accumulator(R) QP contracts, the Plan participant can exercise the
       Guaranteed minimum income benefit only if he or she elects to take a
       distribution from the Plan and, in connection with this distribution, the
       Plan's trustee changes the ownership of the contract to the participant.
       This effects a rollover of the Accumulator(R) QP contract into an
       Accumulator(R) Rollover IRA. This process must be completed within the
       30-day timeframe following the contract date anniversary in order for the
       Plan participant to be eligible to exercise. However, if the Guaranteed
       minimum income benefit is automatically exercised as a result of the no
       lapse guarantee, a rollover into an IRA will not be effected and payments
       will be made directly to the trustee;

(iv)   for Accumulator(R) Rollover TSA contracts, you may exercise the
       Guaranteed minimum income benefit only if you effect a rollover of the
       TSA contract to an Accumulator(R) Rollover IRA. This may only occur when
       you are eligible for a distribution from the TSA. This process must be
       completed within the 30-day timeframe following the contract date
       anniversary in order for you to be eligible to exercise;


(v)    if you reset the Roll-Up benefit base (as described earlier in this
       section), your new exercise date will be the tenth contract date
       anniversary following the reset or, if later, the earliest date you would
       have been permitted to exercise without regard to the reset. Please note
       that in almost all cases, resetting your Roll-Up benefit base will
       lengthen the waiting period;


(vi)   a spouse beneficiary or younger spouse joint owner under Spousal
       continuation may only continue the Guaranteed minimum income benefit if
       the contract is not past the last date on which the original owner could
       have exercised the benefit. In addition, the spouse beneficiary or
       younger spouse joint owner must be eligible to continue the benefit and
       to exercise the benefit under the applicable exercise rule (described in
       the above bullets) using the following additional rules. The spouse
       beneficiary or younger spouse joint owner's age on the date of the
       owner's death replaces the owner's age at issue for purposes of
       determining the

                                              Contract features and benefits  43



       availability of the benefit and which of the exercise rules applies. The
       original contract issue date will continue to apply for purposes of the
       exercise rules;

(vii)  if the contract is jointly owned, you can elect to have the Guaranteed
       minimum income benefit paid either: (a) as a joint life benefit or (b) as
       a single life benefit paid on the basis of the older owner's age; and

(viii) if the contract is owned by a trust or other non-natural person,
       eligibility to elect or exercise the Guaranteed minimum income benefit is
       based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in this
Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in "Accessing
your money" and the section entitled "Charges and expenses" later in this
Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms necessary
to effect payment, OR the standard death benefit, whichever provides the higher
amount. The standard death benefit is equal to your total contributions,
adjusted for withdrawals (and any associated withdrawal charges). The standard
death benefit is the only death benefit available for owners (or older joint
owners, if applicable) ages 76 through 85 at issue. Once your contract is
issued, you may not change or voluntarily terminate your death benefit.


If you elect one of the enhanced death benefits, the death benefit is equal to
your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required instructions
for the method of payment, information and forms necessary to effect payment, or
your elected enhanced death benefit on the date of the owner's (or older joint
owner's, if applicable) death, adjusted for subsequent withdrawals (and
associated withdrawal charges), whichever provides the higher amount. See
"Payment of death benefit" later in this Prospectus for more information.


Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. For
contracts with non-natural owners, the death benefit will be payable upon the
death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information" later in this Prospectus for more
information.

OPTIONAL ENHANCED DEATH BENEFIT APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA, FLEXIBLE PREMIUM ROTH IRA, AND ROLLOVER
TSA CONTRACTS; 20 THROUGH 70 AT ISSUE OF FLEXIBLE PREMIUM IRA CONTRACTS; 0
THROUGH 70 AT ISSUE FOR INHERITED IRA CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF
QP CONTRACTS. FOR CONTRACTS WITH NON-NATURAL OWNERS, THE AVAILABLE DEATH
BENEFITS ARE BASED ON THE ANNUITANT'S AGE.


Subject to state availability (see Appendix VII later in this Prospectus for
state availability of these benefits), you may elect one of the following
enhanced death benefits:

o   Annual Ratchet to age 85.

o   The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base described
earlier in "Guaranteed minimum death benefit and Guaranteed minimum income
benefit base." Once you have made your enhanced death benefit election, you may
not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in "Accessing
your money" and the section entitled "Charges and expenses" later in this
Prospectus for more information on these guaranteed benefits.


If you are using this contract to fund a charitable remainder trust, you will
have to take certain distribution amounts. You should consider split-funding so
that those distributions do not adversely impact your enhanced death benefit.
See "Owner and annuitant requirements" earlier in this section.

See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced death benefit.


EARNINGS ENHANCEMENT BENEFIT


Subject to state and contract availability (see Appendix VII later in this
Prospectus for state availability of these benefits), if you are purchasing a
contract under which the Earnings enhancement benefit is available, you may
elect the Earnings enhancement benefit at the time you purchase your contract.
The Earnings enhancement benefit provides an additional death benefit as
described below. See the appropriate part of "Tax information" later in this
Prospectus for the potential tax consequences of electing to purchase the
Earnings enhancement benefit in an NQ, IRA or Rollover TSA contract. Once you
purchase the Earnings enhancement benefit you may not voluntarily terminate this
feature. If you elect the Guaranteed withdrawal benefit for life the Earnings
enhancement benefit is not available.


If you elect the Earnings enhancement benefit described below and change
ownership of the contract, generally this benefit will automati-

44  Contract features and benefits




cally terminate, except under certain circumstances. See "Transfers of
ownership, collateral assignments, loans and borrowing" in "More information,"
later in this Prospectus for more information.

If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

o   the account value or

o   any applicable death benefit

decreased by:

o   total net contributions


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions" are
reduced by the amount of that excess. Earnings enhancement benefit earnings are
equal to (a) minus (b) where (a) is the greater of the account value and the
death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals; and (ii) "Death benefit" is
equal to the greater of the account value as of the date we receive satisfactory
proof of death or any applicable Guaranteed minimum death benefit as of the date
of death.


If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o   the account value or

o   any applicable death benefit

decreased by:

o   total net contributions

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns age
80, except that the benefit will be reduced for withdrawals on a pro rata basis.
Reduction on a pro rata basis means that we calculate the percentage of the
current account value that is being withdrawn and we reduce the benefit by that
percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is $40,000
before the withdrawal, it would be reduced by $16,000 ($40,000 X .40) and the
benefit after the withdrawal would be $24,000 ($40,000 - $16,000).

For contracts with non-natural owners, your eligibility to elect the Earnings
enhancement benefit will be calculated based on the annuitant's age.


For an example of how the Earnings enhancement death benefit is calculated,
please see Appendix VI.


For contracts continued under Spousal continuation upon the death of the spouse
(or older spouse, in the case of jointly owned contracts), the account value
will be increased by the value of the Earnings enhancement benefit as of the
date we receive due proof of death. The benefit will then be based on the age of
the surviving spouse as of the date of the deceased spouse's death for the
remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later in
this Prospectus for more information.


The Earnings enhancement benefit must be elected when the contract is first
issued: neither the owner nor the successor owner can add it subsequently. Ask
your financial professional or see Appendix VII later in this Prospectus to see
if this feature is available in your state.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit, the Earnings enhancement benefit or one of our Principal
guaranteed benefits described later in this Prospectus. You may elect one of our
automated payment plans or you may take partial withdrawals. All withdrawals
reduce your account value and Guaranteed minimum death benefit. See "Accessing
your money" later in this Prospectus. Your investment options will be limited to
the guaranteed interest option, the account for special dollar cost averaging
and the permitted variable investment options.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).


For Joint life contracts, a successor owner may be named at contract issue only.
The successor owner must be the owner's spouse. If you and the successor owner
are no longer married, you may either: (i) drop the original successor owner or
(ii) replace the original successor owner with your new spouse. This can only be
done before the first withdrawal is made from the contract. After the first
withdrawal, the successor owner can be dropped but cannot be replaced. If the
successor owner is dropped after withdrawals begin, the charge will continue
based on a Joint life basis. For NQ contracts, you have the option to designate
the successor owner as a joint owner.


For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be spouses.
If the annuitant and joint annuitant are no

                                              Contract features and benefits  45




longer married, you may either: (i) drop the joint annuitant or (ii) replace the
original joint annuitant with the annuitant's new spouse. This can only be done
before the first withdrawal. After the first withdrawal, the joint annuitant may
be dropped but cannot be replaced. If the joint annuitant is dropped after
withdrawals begin, the charge continues based on a Joint life basis. Joint
annuitants are not permitted under any other contracts.


This benefit is not available under an Inherited IRA contract. Joint life QP and
TSA contracts are not permitted. If you are using this contract to fund a
charitable remainder trust, you will have to take certain distribution amounts.
You should consider split-funding so that those distributions do not adversely
impact your guaranteed withdrawal benefit for life. See "Owner and annuitant
requirements" earlier in this section.


The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o   You plan to take withdrawals in excess of your Guaranteed annual withdrawal
    amount because those withdrawals may significantly reduce or eliminate the
    value of the benefit (see "Effect of Excess withdrawals" below in this
    section);

o   You are interested in long term accumulation rather than taking withdrawals;

o   You are using the contract to fund a Rollover TSA or QP contract where
    withdrawal restrictions will apply; or

o   You plan to use it for withdrawals prior to age 59-1/2, as the taxable
    amount of the withdrawal will be includible in income and subject to an
    additional 10% federal income tax penalty, as discussed later in this
    Prospectus.

For traditional IRAs, TSA and QP contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.

GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o   Your GWBL benefit base increases by any subsequent contributions.


o   Your GWBL benefit base may be increased on each contract date anniversary,
    as described below under "Annual ratchet" and "5% deferral bonus."

o   Your GWBL benefit base is not reduced by withdrawals except those
    withdrawals that cause total withdrawals in a contract year to exceed your
    Guaranteed annual withdrawal amount ("Excess withdrawal"). See "Effect of
    Excess withdrawals" below in this section.

GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of the
GWBL benefit base. The initial applicable percentage ("Applicable percentage")
is based on the owner's age at the time of the first withdrawal. For Joint life
contracts, the initial Applicable percentage is based on the age of the owner or
successor owner, whoever is younger at the time of the first withdrawal. For
contracts held by non-natural owners, the initial Applicable percentage is based
on the annuitant's age or on the younger annuitant's age, if applicable, at the
time of the first withdrawal. If your GWBL benefit base ratchets, as described
below in this section under "Annual ratchet," on any contract date anniversary
after you begin taking withdrawals, your Applicable percentage may increase
based on your attained age at the time of the ratchet. The Applicable
percentages are as follows:


- -------------------------------------
 Age            Applicable percentage
- -------------------------------------
45-64                   4.0%
65-74                   5.0%
75-84                   6.0%
85 and older            7.0%
- -------------------------------------

We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.

Your Guaranteed annual withdrawals are not cumulative. If you withdraw less than
the Guaranteed annual withdrawal amount in any contract year, you may not add
the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual withdrawal amount, but all withdrawals are counted toward your
free withdrawal amount. See "Withdrawal charge" in "Charges and expenses" later
in this Prospectus.

EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL benefit
base and your Guaranteed annual withdrawal amount. If you make an Excess
withdrawal, we will recalculate your GWBL benefit base and the Guaranteed annual
withdrawal amount, as follows:

o   The GWBL benefit base is reset as of the date of the Excess withdrawal to
    equal the lesser of: (i) the GWBL benefit base immediately prior to the
    Excess withdrawal and (ii) the account value immediately following the
    Excess withdrawal.

46  Contract features and benefits



     The Guaranteed annual withdrawal amount is recalculated o to equal the
        Applicable percentage multiplied by the reset GWBL benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your account
value is less than your GWBL benefit base (due, for example, to negative market
performance), an Excess withdrawal, even one that is only slightly more than
your Guaranteed annual withdrawal amount, can significantly reduce your GWBL
benefit base and the Guaranteed annual withdrawal amount.

For example, assume your Income base is $100,000 and your account value is
$80,000 when you decide to begin taking withdrawals at age 65. Your Guaranteed
annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You take an
initial withdrawal of $8,000. Since your Income base is immediately reset to
equal the lesser of your GWBL benefit base prior to the Excess withdrawal
($100,000) and your account value immediately following the Excess withdrawal
($80,000 minus $8,000), your GWBL benefit base is now $72,000. In addition, your
Guaranteed annual withdrawal amount is reduced to $3,600 (5.0% of $72,000),
instead of the original $5,000. See "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.


ANNUAL RATCHET

Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of the
ratchet. Your Guaranteed annual withdrawal amount will also be increased, if
applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you choose
to opt out, your charge will stay the same but your GWBL benefit base will no
longer ratchet. Upon request, we will permit you to accept a GWBL benefit base
ratchet with the charge increase on a subsequent contract date anniversary. For
a description of the charge increase, see "Guaranteed withdrawal benefit for
life benefit charge" in "Charges and expenses" later in this Prospectus.


5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.

SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.

GWBL GUARANTEED MINIMUM DEATH BENEFIT


There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no additional
charge for owner issue ages 45-85, and (ii) the GWBL Enhanced death benefit,
which is available for an additional charge for owner issue ages 45-75. Please
see Appendix VII later in this Prospectus to see if these guaranteed death
benefits are available in your state.


The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial contribution
and any additional contributions less a deduction that reflects any withdrawals
you make (see "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" in "Accessing your money" later in this Prospectus).

The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:


o  Your GWBL Enhanced death benefit base increases by any subsequent
   contribution;


o  Your GWBL Enhanced death benefit base increases to equal your account value
   if ratcheted, as described above in this section;

                                              Contract features and benefits  47



o   Your GWBL Enhanced death benefit base increases by any 5% deferral bonus, as
    described above in this section;

o   Your GWBL Enhanced death benefit base decreases by an amount which reflects
    any withdrawals you make;


See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death benefit"
in "Accessing your money" later in this Prospectus.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death adjusted for
any subsequent withdrawals (and associated withdrawal charges), whichever
provides a higher amount. For more information, see "Withdrawal charge" in
"Charges and expenses" later in the Prospectus.


EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO


If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits. If
an Excess withdrawal results in a withdrawal that equals more than 90% of your
cash value or reduces your cash value to less than $500, we will treat your
request as a surrender of your contract even if your GWBL benefit base is
greater than zero.


However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  Your Accumulator(R) contract terminates and you will receive a supplementary
   life annuity contract setting forth your continuing benefits. The owner of
   the Accumulator(R) contract will be the owner and annuitant. The successor
   owner, if applicable, will be the joint annuitant. If the owner is
   non-natural, the annuitant and joint annuitant, if applicable, will be the
   same as under your Accumulator(R) contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.


o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual withdrawal amount for that contract year in a lump sum. Payment of the
   Guaranteed annual withdrawal amount will begin on the next contract date
   anniversary.


o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.

o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar for dollar basis
   as payments are made. If there is any remaining death benefit upon the death
   of the owner and successor owner, if applicable, we will pay it to the
   beneficiary.

o  The charge for the Guaranteed withdrawal benefit for life and the GWBL
   Enhanced death benefit will no longer apply.


o  If at the time of your death the Guaranteed annual withdrawal amount was
   being paid to you as a supplementary life annuity contract, your beneficiary
   may not elect the Beneficiary continuation option.


OTHER IMPORTANT CONSIDERATIONS


o  This benefit is not appropriate if you do not intend to take withdrawals
   prior to annuitization.


o  Amounts withdrawn in excess of your Guaranteed annual withdrawal amount may
   be subject to a withdrawal charge, if applicable, as described in "Charges
   and expenses" later in the Prospectus. In addition, all withdrawals count
   toward your free withdrawal amount for that contract year. Excess withdrawals
   can significantly reduce or completely eliminate the value of the GWBL and
   GWBL Enhanced death benefit. See "Effect of Excess withdrawals" above in this
   section and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
   death benefit" in "Accessing your money" later in this Prospectus.

o  Withdrawals are not considered as annuity payments for tax purposes, and may
   be subject to an additional 10% federal income tax penalty before age 59-1/2.
   See "Tax information" later in this Prospectus.

o  All withdrawals reduce your account value and Guaranteed minimum death
   benefit. See "How withdrawals are taken from your account value" and "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing your
   money" later in this Prospectus.

o  If you withdraw less than the Guaranteed annual withdrawal amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   withdrawal amount in any subsequent year.

o  The GWBL benefit terminates if the contract is continued under the
   beneficiary continuation option or under the Spousal continuation feature if
   the spouse is not the successor owner.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual withdrawal amount, all benefits under
   the contract will terminate, including the GWBL benefit.


o  If you transfer ownership of this contract, you terminate the GWBL benefit.
   See "Transfers of ownership, collateral assignments, loans and borrowing" in
   "More information" later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer and this
   contract without purchasing a withdrawal benefit.

o  For IRA, QP and TSA contracts, if you have to take a required minimum
   distribution ("RMD") and it is your first withdrawal under the contract, the
   RMD will be considered your "first withdrawal" for the purposes of
   establishing your GWBL Applicable percentage.

48  Contract features and benefits





o  If you elect GWBL on a Joint life basis and subsequently get divorced, your
   divorce will not automatically terminate the contract. For both Joint life
   and Single life contracts, it is possible that the terms of your divorce
   decree could significantly reduce or completely eliminate the value of this
   benefit.


PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").

100% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 100% Principal
guarantee benefit is equal to your initial contribution and additional permitted
contributions, adjusted for withdrawals.


Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost averaging
and the permitted variable investment options.


125% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 125% Principal
guarantee benefit is equal to 125% of your initial contribution and additional
permitted contributions, adjusted for withdrawals.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost averaging
and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to the
allocation instructions for additional contributions we have on file. After the
benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to the
contract date anniversary following an owner's 85th birthday. If you elect to
reset the guaranteed amount, your benefit maturity date will be extended to be
the 10th contract date anniversary after the anniversary on which you reset the
guaranteed amount. This extension applies each time you reset the guaranteed
amount.


Neither PGB is available under Inherited IRA, Flexible Premium IRA and Flexible
Premium Roth IRA contracts. If you elect either PGB, you may not elect the
Guaranteed minimum income benefit, the Guaranteed withdrawal benefit for life,
the systematic withdrawals option or the substantially equal withdrawals option.
If you purchase a PGB, you may not make additional contributions to your
contract after six months from the contract issue date. If you are using this
contract to fund a charitable remainder trust, you will have to take certain
distribution amounts. You should consider split-funding so that those
distributions do not adversely impact your Principal guarantee benefit. See
"Owner and annuitant requirements" earlier in this section.


If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See "Transfers
of ownership, collateral assignments, loans and borrowing" in "More information"
later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will terminate
your PGB and the charge. See "Non-spousal joint owner contract continuation" in
"Payment of death benefit" later in this Prospectus. The PGB will terminate upon
the exercise of the beneficiary continuation option. See "Payment of death
benefit" later in this Prospectus for more information about the continuation of
the contract after the death of the owner and/or the annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your contract
beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only) are
not permitted under either PGB.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT

This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to the
beneficiary after the deceased owner's death. See the discussion of required
minimum distributions under "Tax information." This contract is intended only
for beneficiaries who want to take payments at least annually over their life
expectancy. These payments generally must begin (or must have begun) no later
than December 31 of the calendar year following the year the deceased owner
died. This contract is not suitable for beneficiaries electing the "5-year
rule." See "Benefi-

                                              Contract features and benefits  49




ciary continuation option for IRA and Roth IRA contracts" under "Beneficiary
continuation option" in "Payment of death benefit" later in this Prospectus. You
should discuss with your tax adviser your own personal situation. This contract
may not be available in all states. Please speak with your financial
professional for further information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with only
individual beneficiaries will be treated as individuals for this purpose). The
contract must also contain the name of the deceased owner. In this discussion,
"you" refers to the owner of the inherited IRA beneficiary continuation
contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o  You must receive payments at least annually (but can elect to receive
   payments monthly or quarterly). Payments are generally made over your life
   expectancy determined in the calendar year after the deceased owner's death
   and determined on a term certain basis.

o  You must receive payments from this contract even if you are receiving
   payments from another IRA of the deceased owner in an amount that would
   otherwise satisfy the amount required to be distributed from this contract.

o  The beneficiary of the original IRA will be the annuitant under the inherited
   IRA beneficiary continuation contract. In the case where the beneficiary is a
   "See Through Trust," the oldest beneficiary of the trust will be the
   annuitant.

o  An inherited IRA beneficiary continuation contract is not available for
   owners over age 70.

o  The initial contribution must be a direct transfer from the deceased owner's
   original IRA and is subject to minimum contribution amounts. See "How you can
   purchase and contribute to your contract" earlier in this section.


o  Subsequent contributions of at least $1,000 are permitted but must be direct
   transfers of your interest as a beneficiary from another IRA with a financial
   institution other than AXA Equitable, where the deceased owner is the same as
   under the original IRA contract. A non-spousal beneficiary under an
   Applicable Plan cannot make subsequent contributions to an inherited
   traditional IRA contract.


o  You may make transfers among the investment options.


o  You may choose at any time to withdraw all or a portion of the account value.
   Any partial withdrawal must be at least $300. Withdrawal charges will apply
   as described in "Charges and expenses" later in this Prospectus.


o  The Guaranteed minimum income benefit, Spousal continuation, special dollar
   cost averaging program, automatic investment program, Principal guarantee
   benefits, the Guaranteed withdrawal benefit for life and systematic
   withdrawals are not available under the Inherited IRA beneficiary
   continuation contract.

o  If you die, we will pay to a beneficiary that you choose the greater of the
   account value or the applicable death benefit.

o  Upon your death, your beneficiary has the option to continue tak ing required
   minimum distributions based on your remaining life expectancy or to receive
   any remaining interest in the contract in a single sum. The option elected
   will be processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment. If your beneficiary elects to continue to take
   distributions, we will increase the account value to equal the applicable
   death benefit if such death benefit is greater than such account value as of
   the date we receive satisfactory proof of death and any required
   instructions, information and forms. Thereafter, withdrawal charges will no
   longer apply. If you had elected any enhanced death benefits, they will no
   longer be in effect and charges for such benefits will stop. The Guaranteed
   minimum death benefit will also no longer be in effect.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS


If for any reason you are not satisfied with your contract, you may return it to
us for a refund. To exercise this cancellation right you must mail the contract,
with a signed letter of instruction electing this right, to our processing
office within 10 days after you receive it. If state law requires, this "free
look" period may be longer. Other state variations may apply. Please contact
your financial professional and/or see Appendix VII to find out what applies in
your state.

Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification of your decision to cancel the contract and will reflect (i) any
investment gain or loss in the variable investment options (less the daily
charges we deduct), (ii) any guaranteed interest in the guaranteed interest
option, (iii) any positive or negative market value adjustments in the fixed
maturity options, and (iv) any interest in


50  Contract features and benefits



the account for special dollar cost averaging, through the date we receive your
contract. Some states require that we refund the full amount of your
contribution (not reflecting (i), (ii), (iii) or (iv) above). For any IRA
contract returned to us within seven days after you receive it, we are required
to refund the full amount of your contribution.

We may require that you wait six months before you may apply for a contract with
us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA or Flexible Premium
Roth IRA contract, you may cancel your Roth Conversion IRA or Flexible Premium
Roth IRA contract and return to a Rollover IRA or Flexible Premium IRA contract,
whichever applies. Our processing office, or your financial professional, can
provide you with the cancellation instructions.

                                              Contract features and benefits  51



2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE
Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; (iv) the account for special dollar cost
averaging; and (v) the loan reserve account (applies for Rollover TSA contracts
only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge, as well
as optional benefit charges; (ii) any applicable withdrawal charges; and (iii)
the amount of any outstanding loan plus accrued interest (applicable to Rollover
TSA contracts only). Please see "Surrendering your contract to receive its cash
value" in "Accessing your money" later in this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option less daily charges for:

(i) mortality and expense risks;

(ii) administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)    increased to reflect additional contributions;

(ii)   decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii)  increased to reflect a transfer into, or decreased to reflect a transfer
       out of, a variable investment option; or

(iv)   increased or decreased to reflect a transfer of your loan amount from or
       to the loan reserve account under a Rollover TSA contract.

In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct the
annual administrative charge. A description of how unit values are calculated is
found in the SAI.

YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals out
of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date is
the market adjusted amount in each option, which reflects withdrawals out of the
option and charges we deduct. This is equivalent to your fixed maturity amount
increased or decreased by the market value adjustment. Your value, therefore,
may be higher or lower than your contributions (less withdrawals) accumulated at
the rate to maturity. At the maturity date, your value in the fixed maturity
option will equal its maturity value, provided there have been no withdrawals or
transfers.

YOUR CONTRACT'S VALUE IN THE ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

Your value in the account for special dollar cost averaging at any time will
equal your contribution allocated to that option, plus interest, less the sum of
all amounts that have been transferred to the variable investment options you
have selected.
                      ----------------------------------

If you apply for this contract by electronic means, please see Appendix VII for
additional information.


INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is insufficient
to pay any applicable charges when due. Your account value could become
insufficient due to withdrawals and/or poor market performance. Upon such
termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.


See Appendix VII later in this Prospectus for any state variations with regard
to terminating your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income benefit
will still have value. Please see "Contract features and benefits" earlier in
this Prospectus for information on this feature.

52  Determining your contract's value




PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account value
is insufficient to pay charges, we will not terminate your contract if you are
participating in a PGB. Your contract will remain in force and we will pay your
guaranteed amount at the benefit maturity date.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to a GWBL Excess
withdrawal, we will terminate your contract and you will receive no payment or
supplementary life annuity contract, even if your GWBL benefit base is greater
than zero. If, however, your account value falls to zero, either due to a
withdrawal or surrender that is not a GWBL Excess withdrawal or due to a
deduction of charges, the benefit will still have value. See "Contract features
and benefits" earlier in this Prospectus.

                                           Determining your contract's value  53



3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE
At any time before the date annuity payments are to begin, you can transfer some
or all of your account value among the investment options, subject to the
following:


o   You may not transfer any amount to the account for special dollar cost
    averaging.

o   You may not transfer to a fixed maturity option that has a rate to maturity
    of 3%.

o   If an owner or annuitant is age 76-80, you must limit your transfers to
    fixed maturity options with maturities of seven years or less. If an owner
    or annuitant is age 81 or older, you must limit your transfers to fixed
    maturity options of five years or less. Also, the maturity dates may be no
    later than the date annuity payments are to begin.


o   If you make transfers out of a fixed maturity option other than at its
    maturity date, the transfer may cause a market value adjustment.


Some states may have additional transfer restrictions. Please see Appendix VII
later in this Prospectus.


In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a)  25% of the amount you have in the guaranteed interest option on the last
     day of the prior contract year; or,

(b)  the total of all amounts transferred at your request from the guaranteed
     interest option to any of the Investment options in the prior contract
     year; or,

(c)  25% of amounts transferred or allocated to the guaranteed interest option
     during the current contract year.

From time to time, we may remove the restrictions regarding transferring amounts
out of the guaranteed interest option. If we do so, we will tell you. We will
also tell you at least 45 days in advance of the day that we intend to reimpose
the transfer restrictions. When we reimpose the transfer restrictions, if any
dollar cost averaging transfer out of the guaranteed interest option causes a
violation of the 25% outbound restriction, that dollar cost averaging program
will be terminated for the current contract year. A new dollar cost averaging
program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)  the contract number,

(2)  the dollar amounts or percentages of your current account value to be
     transferred, and

(3)  the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios in
which the variable investment options invest. Disruptive transfer activity may
adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how portfolio
shares are priced.

54  Transferring your money among investment options




We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review contract
owner trading activity. In most cases, each trust reserves the right to reject a
transfer that it believes, in its sole discretion, is disruptive (or potentially
disruptive) to the management of one of its portfolios. Please see the
prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive transfer
activity and that if such activity continues certain transfer privileges may be
eliminated. If and when the contract owner is identified a second time as
engaged in potentially disruptive transfer activity under the contract, we
currently prohibit the use of voice, fax and automated transaction services. We
currently apply such action for the remaining life of each affected contract. We
or a trust may change the definition of potentially disruptive transfer
activity, the monitoring procedures and thresholds, any notification procedures,
and the procedures to restrict this activity. Any new or revised policies and
procedures will apply to all contract owners uniformly. We do not permit
exceptions to our policies restricting disruptive transfer activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee. If
a redemption fee is implemented by a trust, that fee, like any other trust fee,
will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows you
to rebalance your account value among the variable investment options. Option II
allows you to rebalance among the variable investment options and the guaranteed
interest option. Under both options, rebalancing is not available for amounts
you have allocated to the fixed maturity options.


In order to participate in one of our rebalancing programs, you must tell us:


       (a)    the percentage you want invested in each investment option (whole
              percentages only), and

       (b)    how often you want the rebalancing to occur (quarterly,
              semiannually, or annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be canceled
in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------
While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you specify
is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer out of the guaranteed interest option to
initiate the rebalancing program will not be permit-

                            Transferring your money among investment options  55




ted if such transfer would violate these rules. If this occurs, the rebalancing
program will not go into effect.

You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.

If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.

56  Transferring your money among investment options



4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE
You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.


Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.



- --------------------------------------------------------------------------------
                                                           Method of withdrawal
                   -------------------------------------------------------------
                                                                Lifetime
                                                                required
                                              Substantially     minimum
 Contract            Partial    Systematic        equal       distribution
- --------------------------------------------------------------------------------
NQ                    Yes          Yes             No             No
- --------------------------------------------------------------------------------
Rollover IRA          Yes          Yes             Yes            Yes
- --------------------------------------------------------------------------------
Flexible
 Premium IRA          Yes          Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth Conversion
 IRA                  Yes          Yes             Yes            No
- --------------------------------------------------------------------------------
Flexible Premium
 Roth IRA             Yes          Yes             Yes            No
- --------------------------------------------------------------------------------
Inherited IRA         Yes           No             No              *
- --------------------------------------------------------------------------------
QP**                  Yes           No             No             Yes
- --------------------------------------------------------------------------------
Rollover TSA***       Yes          Yes             No             Yes
- --------------------------------------------------------------------------------



*   This contract pays out post-death required minimum distributions. See
    "Inherited IRA beneficiary continuation contract" in "Contract features and
    benefits" earlier in this Prospectus.

**  All payments are made to the Trust as the owner of the contract.

*** For some Rollover TSA contracts, your ability to take withdrawals, loans or
    surren der your contract may be limited. You must provide withdrawal
    restriction information when you apply for a contract. See "Tax Sheltered
    Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.


AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.


MAXIMUM PAYMENT PLAN. Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of the
withdrawal will increase on contract date anniversaries with any Annual Ratchet
or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.


If you take a partial withdrawal while the Maximum payment plan is in effect, we
will terminate the plan. You may enroll in the plan again at any time, but the
scheduled payments will not resume until the next contract date anniversary.

CUSTOMIZED PAYMENT PLAN. Our Customized payment plan provides for the withdrawal
of a fixed amount not greater than the Guaranteed annual withdrawal amount in
scheduled payments. The amount of the withdrawal will not be increased on
contract date anniversaries with the Annual Ratchet or 5% deferral bonus. You
must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal. If
your selected scheduled payment would cause an Excess withdrawal, we will notify
you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date anniversary.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). Under Rollover TSA contracts, if a loan is
outstanding, you may only take partial withdrawals as long as the cash value
remaining after any withdrawal equals at least 10% of the outstanding loan plus
accrued interest.

Any request for a partial withdrawal will terminate your participation in either
the Maximum payment plan or Customized payment plan, if applicable.


                                                        Accessing your money  57



SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRA and QP contracts)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions.)

You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would be
less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change the
amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal amount.
Systematic withdrawals are not available if you have elected a Principal
guarantee benefit or the Guaranteed withdrawal benefit for life.


SUBSTANTIALLY EQUAL WITHDRAWALS
(Rollover IRA, Roth Conversion IRA, Flexible Premium IRA and Flexible Premium
Roth IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of meeting
this exception. After consultation with your tax adviser, you may decide to use
another method which would require you to compute amounts yourself and request
partial withdrawals. In such a case, a withdrawal charge may apply. Once you
begin to take substantially equal withdrawals, you should not stop them or
change the pattern of your withdrawals until after the later of age 59-1/2 or
five full years after the first withdrawal. If you stop or change the
withdrawals or take a partial withdrawal, you may be liable for the 10% federal
tax penalty that would have otherwise been due on prior withdrawals made under
this option and for any interest on the delayed payment of the penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal withdrawals
using the IRS-approved method we offer. The payments will be made monthly,
quarterly or annually as you select. These payments will continue until we
receive written notice from you to cancel this option or you take a partial
withdrawal. You may elect to start receiving substantially equal withdrawals
again, but the payments may not restart in the same contract year in which you
took a partial withdrawal. We will calculate the new withdrawal amount.


Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge.

The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.

LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, Flexible Premium IRA, QP and Rollover TSA contracts only -- See
"Tax information" later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help you
meet lifetime required minimum distributions under federal income tax rules.
This is not the exclusive way for you to meet these rules. After consultation
with your tax adviser, you may decide to compute required minimum distributions
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Before electing this account based withdrawal option, you should
consider whether annuitization might be better in your situation. If you have
elected certain additional benefits, such as the Guaranteed minimum death
benefit or Guaranteed minimum income benefit, amounts withdrawn from the
contract to meet RMDs will reduce the benefit base and may limit the utility of
the benefit. Also, the actuarial present value of additional contract benefits
must be added to the account value in calculating required minimum distribution
withdrawals from annuity contracts funding qualified plans, TSAs and IRAs, which
could increase the amount required to be withdrawn. Please refer to "Tax
information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA, Flexible Premium IRA, and Rollover TSA contracts, we will send
a form outlining the distribution options available in the year you reach age
70-1/2 (if you have not begun your annuity payments before that time).
- --------------------------------------------------------------------------------
We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if,

58  Accessing your money




when added to a partial withdrawal previously taken in the same contract year,
the minimum distribution withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH GWBL. Generally, if you elect our Automatic RMD service, any
lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.


If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawals may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the plan
again at any time, but the scheduled payments will not resume until the next
contract date anniversary. Further, your GWBL benefit base and Guaranteed annual
withdrawal amount may be reduced. See "Effect of Excess Withdrawals" in
"Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess withdrawals
even if those withdrawals are less than your lifetime required minimum
distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT. The no lapse guarantee
will not be terminated if a required minimum distribution payment using our
automatic RMD service causes your cumulative withdrawals in the contract year to
exceed 6% of the Roll- Up benefit base (as of the beginning of the contract year
or in the first contract year, all contributions received in the first 90 days).


Owners of tax-qualified contracts (IRA, TSA and QP) generally should not reset
the Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum death
benefit/Guaranteed minimum income benefit Roll-Up benefit base reset." in
"Contract features and benefits" earlier in this Prospectus.


HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and guaranteed interest option, any additional amount of the
withdrawal required or the total amount of the withdrawal will be withdrawn from
the fixed maturity options in the order of the earliest maturity date(s) first.
If the FMO amounts are insufficient, we will deduct all or a portion of the
withdrawal from the account for special dollar cost averaging. A market value
adjustment will apply to withdrawals from the fixed maturity options.

HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits on
a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced by
$16,000 ($40,000 X .40) and your new benefit after the withdrawal would be
$24,000 ($40,000 - $16,000).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal charge
deducted from your account value. For more information on the calculation of the
charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% Roll-Up to age 85 benefit base on a dollar-for-dollar basis, as
long as the sum of withdrawals in a contract year is 6% or less of the 6%
Roll-Up benefit base on the contract issue date or the most recent contract date
anniversary, if later. For this purpose, in the first contract year, all
contributions received in the first 90 days after contract issue will be
considered to have been received on the first day of the contract year. In
subsequent contract years, additional contributions made during a contract year
do not affect the amount of withdrawals that can be taken on a dollar-for-dollar
basis in that contract year. Once a withdrawal is taken that causes the sum of
withdrawals in a contract year to exceed 6% of the benefit base on the most
recent anniversary, that entire withdrawal (including RMDs) and any subsequent
withdrawals in that same contract year will reduce the benefit base pro rata.
Reduction on a dollar-for-dollar basis means that your 6% Roll-Up to age 85
benefit base will be reduced by the dollar amount of the withdrawal for each
Guaranteed benefit. The Annual Ratchet to age 85 benefit base will always be
reduced on a pro rata basis.


HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT

Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the

                                                        Accessing your money  59



Guaranteed annual withdrawal amount. Withdrawals that exceed the Guaranteed
annual withdrawal amount, however, can significantly reduce your GWBL benefit
base and Guaranteed annual withdrawal amount. For more information, see "Effect
of Excess withdrawals" and "Other important considerations" under "Guaranteed
withdrawal benefit for life ("GWBL")" in "Contract features and benefits"
earlier in this Prospectus.


Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than your
account value (after the Excess withdrawal), we will further reduce your GWBL
Enhanced death benefit base to equal your account value.

For purposes of calculating your GWBL and GWBL Guaranteed minimum death benefit
amount, the amount of the excess withdrawal will include the withdrawal amount
paid to you and the amount of the withdrawal charge deducted from your account
value. For more information on calculation of the charge, see "Withdrawal
charge" later in the Prospectus.


WITHDRAWALS TREATED AS SURRENDERS

If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. In addition, we
have the right to pay the cash value and terminate this contract if no
contributions are made during the last three completed contract years, and the
account value is less than $500, or if you make a withdrawal that would result
in a cash value of less than $500. The rules in the preceding sentence do not
apply if the Guaranteed minimum income benefit no lapse guarantee is in effect
on your contract. See "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.

SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. We will not treat
a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a GWBL
Excess withdrawal. In addition, we will not terminate your contract if either
your account value or cash value falls below $500, unless it is due to a GWBL
Excess withdrawal. In other words, if you take a GWBL Excess withdrawal that
equals more than 90% of your cash value or reduces your cash value to less than
$500, we will treat your request as a surrender of your contract even if your
GWBL benefit base is greater than zero. Please also see "Insufficient account
value" in "Determining your contract value" earlier in this Prospectus. Please
also see "Guaranteed withdrawal benefit for life " in "Contract features and
benefits," earlier in this Prospectus, for more information on how withdrawals
affect your guaranteed benefits and could potentially cause your contract to
terminate.

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."


You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you may
only take a loan with the written consent of your spouse. If you elect the GWBL
option or a PGB, loans are not permitted. Your contract contains further details
of the loan provision. Please see Appendix VII later in this Prospectus for any
state restrictions you may be subject to if you take a loan from a Rollover TSA
contract. Also, see "Tax information" later in this Prospectus for general rules
applicable to loans.


We will permit you to have only one loan outstanding at a time. The minimum loan
amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your account
value, subject to any limits under the federal income tax rules. The term of a
loan is five years. However, if you use the loan to acquire your primary
residence, the term is 10 years. The term may not extend beyond the earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan, including any
    accrued but unpaid loan interest, will be deducted from the death benefit
    amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options and the guaranteed interest option. If those amounts are
insufficient, any additional amount of the loan will be subtracted from the
fixed maturity options in the order of the earliest maturity date(s) first. A
market value adjustment may apply. If such fixed maturity amounts are
insufficient, we will deduct all or a portion of the loan from the account for
special dollar cost averaging.

For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan repayment,
unless you specify otherwise, we will transfer the dollar amount of the loan
repaid from the


60  Accessing your money



loan reserve account to the investment options according to the allocation
percentages we have on our records.


The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts with non-natural owners, while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We will
determine your cash value on the date we receive the required information.


All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable) if your cash value is greater than your Guaranteed annual withdrawal
amount remaining that year. If your cash value is not greater than your
Guaranteed annual withdrawal amount remaining that year, then you will receive a
supplementary life annuity contract. For more information, please see "Effect of
your account value falling to zero" in "Contract features and benefits" earlier
in this Prospectus. Also, if the Guaranteed minimum income benefit no lapse
guarantee is in effect, the benefit will terminate without value if your cash
value plus any other withdrawals taken in the contract year exceed 6% of the
Roll-Up benefit base (as of the beginning of the contract year). For more
information, please see "Insufficient account value" in "Determining your
contract value" and "Guaranteed withdrawal benefit for life" in "Contract
features and benefits" earlier in this Prospectus.


You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below. For
the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you withdraw
(less any withdrawal charge) and, upon surrender, payment of the cash value. We
may postpone such payments or applying proceeds for any period during which:

(1)  the New York Stock Exchange is closed or restricts trading,

(2)  sales of securities or determination of the fair value of a variable
     investment option's assets is not reasonably practicable because of an
     emergency, or

(3)  the SEC, by order, permits us to defer payment to protect people remaining
     in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option, fixed maturity options and the account for special dollar cost averaging
(other than for death benefits) for up to six months while you are living. We
also may defer payments for a reasonable amount of time (not to exceed 10 days)
while we are waiting for a contribution check to clear.


All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.


YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) provide for conversion to
payout status at or before the contract's "maturity date." This is called
annuitization. When your contract is annuitized, your Accumulator(R) contract
and all its benefits will terminate and you will receive a supplemental annuity
payout contract ("payout option") that provides periodic payments for life or
for a specified period of time. In general, the periodic payment amount is
determined by the account value or cash value of your Accumulator(R) contract at
the time of annuitization and the annuity purchase factor to which that value is
applied, as described below. Alternatively, if you have a Guaranteed minimum
income benefit, you may exercise your benefit in accordance with its terms.

Your Accumulator(R) contract guarantees that upon annuitization, your annuity
account value will be applied to a guaranteed annuity purchase factor for a life
annuity payout option. In addition, you may apply your account value or cash
value, whichever is applicable, to any other annuity payout option that we may
offer at the time of annuitization. We currently offer you several choices of
annuity payout options. Some enable you to receive fixed annuity payments, which
can be either level or increasing, and others enable you to receive variable
annuity payments. Please see Appendix VII later in this Prospectus for
variations that may apply in your state.


You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal benefit
for life" in "Contract features and benefits" earlier in this Prospectus for
further information.

                                                        Accessing your money  61




- --------------------------------------------------------------------------------
Fixed annuity payout options          Life annuity
                                      Life annuity with period certain Life
                                      annuity with refund certain
                                      Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity            Life annuity
   payout options                     Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options     Life annuity with period certain
                                      Period certain annuity
                                      (available for owners and annuitants
                                      age 83 or less at contract issue)
- --------------------------------------------------------------------------------


o   Life annuity: An annuity that guarantees payments for the rest of the
    annuitant's life. Payments end with the last monthly payment before the
    annuitant's death. Because there is no continuation of benefits following
    the annuitant's death with this payout option, it provides the highest
    monthly payment of any of the life annuity options, so long as the annuitant
    is living.

o   Life annuity with period certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the end of a
    selected period of time ("period certain"), payments continue to the
    beneficiary for the balance of the period certain. The period certain cannot
    extend beyond the annuitant's life expectancy. A life annuity with a period
    certain is the form of annuity under the contract that you will receive if
    you do not elect a different payout option. In this case, the period certain
    will be based on the annuitant's age and will not exceed 10 years.

o   Life annuity with refund certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the amount
    applied to purchase the annuity option has been recovered, payments to the
    beneficiary will continue until that amount has been recovered. This payout
    option is available only as a fixed annuity.

o   Period certain annuity: An annuity that guarantees payments for a specific
    period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
    not exceed the annuitant's life expectancy. This option does not guarantee
    payments for the rest of the annuitant's life. It does not permit any
    repayment of the unpaid principal, so you cannot elect to receive part of
    the payments as a single sum payment with the rest paid in monthly annuity
    payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with refund
certain payout options are available on a single life or joint and survivor life
basis. The joint and survivor life annuity guarantees payments for the rest of
the annuitant's life, and after the annuitant's death, payments continue to the
survivor. We may offer other payout options not outlined here. Your financial
professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust and
EQ Advisors Trust. The contract also offers a fixed income annuity payout option
that can be elected in combination with the variable income annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.


INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your Accumulator(R).

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) contract to an
Income Manager(SM) payout annuity. In this case, we will consider any amounts
applied as a withdrawal from your Accumulator(R) and we will deduct any
applicable withdrawal charge. For the tax consequences of withdrawals, see "Tax
information" later in this Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option , different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income ManagerSM prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION

The amount applied to purchase an annuity payout option varies, depending on the
payout option that you choose, and the timing of

62  Accessing your money




your purchase as it relates to any withdrawal charges. If amounts in a fixed
maturity option are used to purchase any annuity payout option prior to the
maturity date, a market value adjustment will apply.


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your Accumulator(R) contract is imposed
if you select a non-life contingent period certain payout annuity. If the period
certain is more than 5 years, then the withdrawal charge deducted will not
exceed 5% of the account value.

For the Income Manager(SM) life contingent payout options, no withdrawal charge
is imposed under the Accumulator(R). If the withdrawal charge that otherwise
would have been applied to your account value under your Accumulator(R) is
greater than 2% of the contributions that remain in your contract at the time
you purchase your payout option, the withdrawal charges under the Income
Manager(SM) will apply. The year in which your account value is applied to the
payout option will be "contract year 1."


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return your
contract before annuity payments begin. The contract owner and annuitant must
meet the issue age and payment requirements.


You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) contract date. Except with respect to
the Income Manager(SM) annuity payout options, where payments are made on the
15th day of each month, you can change the date your annuity payments are to
begin anytime before that date as long as you do not choose a date later than
the 28th day of any month. Also, that date may not be later than the annuity
maturity date described below.

The amount of the annuity payments will depend on the amount applied to purchase
the annuity and the applicable annuity purchase factors, discussed earlier. The
amount of each annuity payment will be less with a greater frequency of
payments, or with a longer duration of a non-life contingent annuity or a longer
certain period of a life contingent annuity. Once elected, the frequency with
which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less than
$2,000 or the initial payment under the form elected is less than $20 monthly,
we reserve the right to pay the account value in a single sum rather than as
payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can be
made other than: (i) transfers (if permitted in the future) among the variable
investment options if a Variable Immediate Annuity payout option is selected;
and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.


ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for life,"
these payments will have the potential to increase with favorable investment
performance. Any remaining Guaranteed minimum death benefit value will be
transferred to the annuity payout contract as your "minimum death benefit." If
the enhanced death benefit had been elected, its value as of the date the
annuity payout contract is issued will become your minimum death benefit, and it
will no longer increase. The minimum death benefit will be reduced dollar for
dollar by each payment. If you die while there is any minimum death benefit
remaining, it will be paid to your beneficiary.

Please see Appendix VII later in this Prospectus for variations that may apply
in your state.


                                                        Accessing your money  63



5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS
We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o A mortality and expense risks charge

o An administrative charge

o A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o   On each contract date anniversary -- an annual administrative charge, if
    applicable.

o   At the time you make certain withdrawals or surrender your contract -- a
    withdrawal charge.

o   On each contract date anniversary, a charge for each optional benefit that
    you elect: a death benefit (other than the Standard and GWBL Standard death
    benefit); the Guaranteed minimum income benefit; the Guaranteed withdrawal
    benefit for life; and the Earnings enhancement benefit.

o   On any contract date anniversary on which you are participating in a PGB --
    a charge for a PGB.

o   At the time annuity payments are to begin -- charges designed to approximate
    certain taxes that may be imposed on us, such as premium taxes in your
    state. An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits under
the contracts. They are also designed, in the aggregate, to compensate us for
the risks of loss we assume pursuant to the contracts. If, as we expect, the
charges that we collect from the contracts exceed our total costs in connection
with the contracts, we will earn a profit. Otherwise, we will incur a loss.

The rates of certain of our charges have been set with reference to estimates of
the amount of specific types of expenses or risks that we will incur. In most
cases, this Prospectus identifies such expenses or risks in the name of the
charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net assets
in each variable investment option to compensate us for mortality and expense
risks, including the Standard death benefit. The daily charge is equivalent to
an annual rate of 0.80% of the net assets in each variable investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that the
mortality assumptions reflected in our guaranteed annuity payment tables, shown
in each contract, will differ from actual mortality experience. Lastly, we
assume a mortality risk to the extent that at the time of death, the Guaranteed
minimum death benefit exceeds the cash value of the contract. The expense risk
we assume is the risk that it will cost us more to issue and administer the
contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option. The charge, together with the annual administrative
charge described below, is to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.30% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.20%
of the net assets in each variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract date
anniversary. We deduct the charge if your account value on the last business day
of the contract year is less than $50,000. If your account value on such date is
$50,000 or more, we do not deduct the charge. During the first two contract
years, the charge is equal to $30 or, if less, 2% of your account value. The
charge is $30 for contract years three and later.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus to
see if deducting this charge from the guaranteed interest option is permitted in
your state) on a pro rata basis. If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (if
available) in the order of the earliest maturity date(s) first. If such fixed
maturity option amounts are insufficient, we will deduct all or a portion of the
charge from the account


64  Charges and expenses




for special dollar cost averaging. If the contract is surrendered or annuitized
or a death benefit is paid on a date other than a contract date anniversary, we
will deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits,
except as noted under "Insufficient account value" in "Determining your contract
value" earlier in this Prospectus.

WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non-life contingent payout
option. For more information about the withdrawal charge if you select an
annuity payout option, see "Your annuity payout options--The amount applied to
purchase an annuity payout option" in "Accessing your money" earlier in the
Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn. The
percentage that applies depends on how long each contribution has been invested
in the contract. We determine the withdrawal charge separately for each
contribution according to the following table:

- --------------------------------------------------------------
                          Contract year
- --------------------------------------------------------------
                 1     2     3     4     5     6     7     8+
- --------------------------------------------------------------
Percentage of
 contribution    7%    7%    6%    6%    5%    3%    1%    0%
- --------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year in
which we receive a contribution as "contract year 1" and the withdrawal charge
is reduced or expires on each applicable contract date anniversary. Amounts
withdrawn up to the free withdrawal amount are not considered withdrawal of any
contribution. We also treat contributions that have been invested the longest as
being withdrawn first. We treat contributions as withdrawn before earnings for
purposes of calculating the withdrawal charge. However, federal income tax rules
treat earnings under your contract as withdrawn first. See "Tax information"
later in this Prospectus.

Please see Appendix VII later in this Prospectus for possible withdrawal charge
schedule variations in your state.


In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover our sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.


The withdrawal charge does not apply in the circumstances described below.

10% free withdrawal amount. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase your 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.

For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract) and (2)
the 10% free withdrawal amount defined above.


Certain withdrawals. If you elected the Guaranteed minimum income benefit and/or
the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death
benefit, the withdrawal charge will be waived for any withdrawal that, together
with any prior withdrawals made during the contract year, does not exceed 6% of
the beginning of contract year 6% Roll-Up to age 85 benefit base, even if such
withdrawals exceed the free withdrawal amount. Also, a withdrawal charge does
not apply to a withdrawal that exceeds 6% of the beginning of contract year 6%
Roll-Up to age 85 benefit base as long as it does not exceed the free withdrawal
amount. If your withdrawals exceed the amount described above, this waiver is
not applicable to that withdrawal nor to any subsequent withdrawal for the life
of the contract.

If you elect the Guaranteed withdrawal benefit for life, we will waive any
withdrawal charge for any withdrawals during the contract year up to the
Guaranteed annual withdrawal amount, even if such withdrawals exceed the free
withdrawal amount. However, each withdrawal reduces the free withdrawal amount
for that contract year by the amount of the withdrawal. Also, a withdrawal
charge does not apply to a withdrawal that exceeds the Guaranteed annual
withdrawal amount as long as it does not exceed the free withdrawal amount.
Withdrawal charges, if applicable, are applied to the amount of the withdrawal
that exceeds both the free withdrawal amount and the Guaranteed annual
withdrawal amount.


Disability, terminal illness, or confinement to nursing home. The withdrawal
charge also does not apply if:

(i)    An owner (or older joint owner, if applicable) has qualified to receive
       Social Security disability benefits as certified by the Social Security
       Administration; or

(ii)   We receive proof satisfactory to us (including certification by a
       licensed physician) that an owner's (or older joint owner's, if
       applicable) life expectancy is six months or less; or

(iii)  An owner (or older joint owner, if applicable) has been confined to a
       nursing home for more than 90 days (or such other period,

                                                        Charges and expenses  65



     as required in your state) as verified by a licensed physician. A nursing
     home for this purpose means one that is (a) approved by Medicare as a
     provider of skilled nursing care service, or (b) licensed as a skilled
     nursing home by the state or territory in which it is located (it must be
     within the United States, Puerto Rico, or U.S. Virgin Islands) and meets
     all of the following:


     -  its main function is to provide skilled, intermediate, or custodial
        nursing care;

     -  it provides continuous room and board to three or more persons;

     -  it is supervised by a registered nurse or licensed practical nurse;

     -  it keeps daily medical records of each patient;

     -  it controls and records all medications dispensed; and

     -  its primary service is other than to provide housing for residents.



We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions described in (i), (ii) or
(iii) above existed at the time a contribution was remitted or if the condition
began within 12 months of the period following remittance. Some states may not
permit us to waive the withdrawal charge in the above circumstances, or may
limit the circumstances for which the withdrawal charge may be waived. Your
financial professional can provide more information or you may contact our
processing office.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal to
0.60% of the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 benefit
base.


GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.


We will deduct this charge from your value in the variable investment options
(or, if applicable, the permitted variable investment options) and the
guaranteed interest option on a pro rata basis (see Appendix VII later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state). If those amounts are insufficient, we will deduct
all or a portion of the charge from the fixed maturity options (if applicable)
in the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If such fixed maturity
option amounts are still insufficient, we will deduct all or a portion of the
charge from the account for special dollar cost averaging. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.

PRINCIPAL GUARANTEE BENEFITS CHARGE


If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal to 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee benefit.
We will continue to deduct the charge until your benefit maturity date. We will
deduct this charge from your value in the permitted variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus to
see if deducting this charge from the guaranteed interest option is permitted in
your state) on a pro rata basis. If such amounts are insufficient, we will
deduct all or a portion from the account for special dollar cost averaging. If
the contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of the
charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as you
exercise the Guaranteed minimum income benefit, elect another annuity payout
option, or the contract date anniversary after the annuitant reaches age 85,
whichever occurs first. The charge is equal to 0.65% of the applicable benefit
base in effect on the contract date anniversary.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options in the
order of the earliest maturity date(s) first. A market value adjustment will
apply to deductions from the fixed maturity options. If such fixed maturity
option amounts are still insufficient, we will deduct all or a portion of the
charge from the account for special dollar cost averaging. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaran-

66  Charges and expenses



teed benefits except as noted under "Insufficient account value" in "Determining
your contract's value" earlier in this Prospectus.

EARNINGS ENHANCEMENT BENEFIT CHARGE


If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary for which it is in effect.
The charge is equal to 0.35% of the account value on each contract date
anniversary. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option on a pro rata basis. If
those amounts are insufficient, we will deduct all or a portion of the charge
from the fixed maturity options in the order of the earliest maturity date(s)
first. If such fixed maturity option amounts are insufficient, we will deduct
all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro rata
portion of the charge for that year. A market value adjustment will apply to
deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. We will deduct
this charge from your value in the permitted variable investment options and the
guaranteed interest option on a pro rata basis (See Appendix VII later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state). If those amounts are insufficient, we will deduct
all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro rata
portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the Single Life option is 0.75%. The maximum charge for the
Joint Life option is 0.90%. The increased charge, if any, will apply as of the
contract date anniversary on which your GWBL benefit base ratchets and on all
contract date anniversaries thereafter. We will permit you to opt out of the
ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time to
reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity payout option. This option may not be available at the time
you elect to annuitize or it may have a different charge.


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o  Management fees ranging from 0.05% to 1.40%.

o  12b-1 fees of either 0.25% or 0.35%.


o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian fees
   and liability insurance.

o Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees and
expenses, including management fees, operating expenses, and investment related
expenses such as brokerage commissions. For more information about these
charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal charge
or the mortality and expense risks charge, or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to the 12b-1
fee. Group arrangements include those in which a trustee or an employer, for
example, purchases contracts covering a group of individuals on a group basis.
Group arrangements are not available for IRA contracts. Sponsored arrangements
include those in which an employer allows us to sell contracts to its employees
or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts or
that have been in existence less than six months will not qualify for reduced
charges.

                                                        Charges and expenses  67



We also may establish different rates to maturity for the fixed maturity options
under different classes of contracts for group or sponsored arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these and
other applicable laws on such programs. We recommend that employers, trustees,
and others purchasing or making contracts available for purchase under such
programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

68  Charges and expenses



6. Payment of death benefit

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YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In a
QP contract, the beneficiary must be the trustee. Where an NQ contract is owned
for the benefit of a minor pursuant to the Uniform Gift to Minors Act or the
Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit. We
determine the amount of the death benefit (other than the applicable Guaranteed
minimum death benefit) and any amount applicable under the Earnings enhancement
benefit, as of the date we receive satisfactory proof of the owner's (or older
joint owner's, if applicable) death, any required instructions for the method of
payment, forms necessary to effect payment and any other information we may
require. The amount of the applicable Guaranteed minimum death benefit will be
such Guaranteed minimum death benefit as of the date of the owner's (or older
joint owner's, if applicable) death adjusted for any subsequent withdrawals. For
Rollover TSA contracts with outstanding loans, we will reduce the amount of the
death benefit by the amount of the outstanding loan, including any accrued but
unpaid interest on the date that the death benefit payment is made.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the death
benefit amount begins within one year following the date of death, which payment
may not occur if the beneficiary has failed to provide all required information
before the end of that period, (ii) we will not apply the predetermined death
benefit payout election if doing so would violate any federal income tax rules
or any other applicable law, and (iii) a beneficiary or a successor owner who
continues the contract under one of the continuation options described below
will have the right to change your annuity payout election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.

EFFECT OF THE OWNER'S DEATH


In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death of
the annuitant. For Joint Life contracts with GWBL, the death benefit is paid to
the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be continued
by a successor owner or under a Beneficiary continuation option ("BCO"). For
contracts with spouses who are joint owners, the surviving spouse will
automatically be able to continue the contract under the "Spousal continuation"
feature or under our Beneficiary continuation option, as discussed below. For
contracts with non-spousal joint owners, the joint owner will be able to
continue the contract as a successor owner subject to the limitations discussed
below under "Non-spousal joint owner contract continuation." If you are the sole
owner and your spouse is the sole primary beneficiary, your surviving spouse can
continue the contract as a successor owner as discussed below, under "Spousal
continuation" or under our Beneficiary continuation option, as discussed below.


If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require payments
of amounts under the contract to be made within five years of an owner's death
(the "5-year rule"). In certain cases, an individual beneficiary or non-spousal
surviving joint owner may opt to receive payments over his/her life (or over a
period not in excess of his/her life expectancy) if payments commence within one
year of the owner's death. Any such election must be made in accordance with our
rules at the time of death. If the beneficiary of a contract with one owner or a
younger non-spousal joint owner continues the contract under the 5-year rule, in
general, all guaranteed benefits and their charges will end. If a PGB election
is in effect upon your death with a benefit maturity date of less than five
years from the date of death, it will remain in effect. For more information on
non-spousal joint owner contract continuation, see the section immediately
below.

NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint

                                                    Payment of death benefit  69



owner within five years. The surviving owner may instead elect to receive a life
annuity, provided payments begin within one year of the deceased owner's death.
If the life annuity is elected, the contract and all benefits terminate.

If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to five
years; or (4) continue the contract under the beneficiary continuation option.
If the contract continues, the Guaranteed minimum death benefit and charge and
the Guaranteed minimum income benefit and charge will then be discontinued.
Withdrawal charges will no longer apply, and no additional contributions will be
permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. Withdrawal charges will continue to apply and no additional contributions
will be permitted.

Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more than
five years from the date of death, we will terminate the benefit and the charge.

SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary or
you jointly own the contract with your spouse, your spouse may elect to continue
the contract as successor owner upon your death. Spousal beneficiaries (who are
not also joint owners) must be 85 or younger as of the date of the deceased
spouse's death in order to continue the contract under Spousal continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse beneficiary
(under a Single owner contract), may elect to receive the death benefit or
continue the contract, as follows:

o   As of the date we receive satisfactory proof of your death, any required
    instructions, information and forms necessary, we will increase the account
    value to equal the elected Guaranteed minimum death benefit as of the date
    of your death if such death benefit is greater than such account value, plus
    any amount applicable under the Earnings enhancement benefit, and adjusted
    for any subsequent withdrawals. The increase in the account value will be
    allocated to the investment options according to the allocation percentages
    we have on file for your contract.

o   In general, withdrawal charges will no longer apply to contributions made
    before your death. Withdrawal charges will apply if additional contributions
    are made.

o   The applicable Guaranteed minimum death benefit option may continue as
    follows:

       o  If the surviving spouse is age 75 or younger on the date of your
          death, and you were age 84 or younger at death, the Guaranteed minimum
          death benefit you elected continues and will continue to grow
          according to its terms until the contract date anniversary following
          the date the surviving spouse reaches age 85.

       o  If the surviving spouse is age 75 or younger on the date of your
          death, and you were age 85 or older at death, we will reinstate the
          Guaranteed minimum death benefit you elected. The benefit base (which
          had previously been frozen at age 85) will now continue to grow
          according to its terms until the contract date anniversary following
          the date the surviving spouse reaches age 85.

       o  If the surviving spouse is age 76 or over on the date of your death,
          the Guaranteed minimum death benefit and charge will be discontinued.

       o  If the Guaranteed minimum death benefit continues, the Guaranteed
          minimum death benefit/Guaranteed minimum income benefit roll-up
          benefit base reset, if applicable, will be based on the surviving
          spouse's age at the time of your death. The next available reset will
          be based on the contract issue date or last reset, as applicable.

       o  For single owner contracts with the GWBL Enhanced death benefit, we
          will discontinue the benefit and charge. However, we will freeze the
          GWBL Enhanced death benefit benefit base as of the date of your death
          (less subsequent withdrawals), and pay it upon your spouse's death.

o   The Earnings enhancement benefit will be based on the surviving spouse's age
    at the date of the deceased spouse's death for the remainder of the life of
    the contract. If the benefit had been previously frozen because the older
    spouse had attained age 80, it will be reinstated if the surviving spouse is
    age 75 or younger. The benefit is then frozen on the contract date
    anniversary after the surviving spouse reaches age 80. If the surviving
    spouse is age 76 or older, the benefit and charge will be discontinued.

o   If elected, PGB continues and is based on the same benefit maturity date and
    guaranteed amount that was guaranteed.

o   The Guaranteed minimum income benefit may continue if the benefit had not
    already terminated and the benefit will be based on the surviving spouse's
    age at the date of the deceased spouse's death. See "Guaranteed minimum
    income benefit" in "Contract features and benefits" earlier in this
    Prospectus.

o   If you elect the Guaranteed withdrawal benefit for life on a Joint life
    basis, the benefit and charge will remain in effect and no death benefit is
    payable until the death of the surviving spouse. Withdrawal charges will
    continue to apply to all contributions made prior to the deceased spouse's
    death. No additional contributions will be permitted. If you elect the
    Guaranteed withdrawal benefit for life on a Single life basis, the benefit
    and charge will terminate.

70  Payment of death benefit



o   If the deceased spouse was the annuitant, the surviving spouse becomes the
    annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract, and
at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account, and
your spouse is the sole beneficiary of the account, the custodian may request
that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o   The Guaranteed minimum death benefit, the Earnings enhancement benefit and
    the Guaranteed minimum income benefit continue to be based on the older
    spouse's age for the life of the contract.

o   If the deceased spouse was the annuitant, the surviving spouse becomes the
    annuitant.

o   If a PGB had been elected, the benefit continues and is based on the same
    benefit maturity date and guaranteed amount.

o   If you elect the Guaranteed withdrawal benefit for life, the benefit and
    charge will remain in effect and no death benefit is payable until the death
    of the surviving spouse.

o The withdrawal charge schedule remains in effect.

If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.

BENEFICIARY CONTINUATION OPTION


This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak with
your financial professional or see Appendix VII later in this Prospectus for
further information.


Where an IRA contract is owned in a custodial individual retirement account, the
custodian may reinvest the death benefit in an individual retirement annuity
contract, using the account beneficiary as the annuitant. Please speak with your
financial professional for further information. For Joint life contracts with
GWBL, BCO is only available after the death of the second owner.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS ONLY.
The beneficiary continuation option must be elected by September 30th of the
year following the calendar year of your death and before any other inconsistent
election is made. Beneficiaries who do not make a timely election will not be
eligible for this option. If the election is made, then, as of the date we
receive satisfactory proof of death, any required instructions, information and
forms necessary to effect the beneficiary continuation option feature, we will
increase the account value to equal the applicable death benefit if such death
benefit is greater than such account value, plus any amount applicable under the
Earnings enhancement benefit, adjusted for any subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later than
December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under Roth
IRA contracts. If the beneficiary chooses this option, the beneficiary may take
withdrawals as desired, but the entire account value must be fully withdrawn by
December 31st of the calendar year which contains the fifth anniversary of your
death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o   The contract continues in your name for the benefit of your beneficiary.

o   The beneficiary replaces the deceased owner as annuitant.

o   This feature is only available if the beneficiary is an individual. Certain
    trusts with only individual beneficiaries will be treated as individuals for
    this purpose.

o   If there is more than one beneficiary, each beneficiary's share will be
    separately accounted for. It will be distributed over the beneficiary's own
    life expectancy, if payments over life expectancy are chosen.

o   The minimum amount that is required in order to elect the beneficiary
    continuation option is $5,000 for each beneficiary.

o   The beneficiary may make transfers among the investment options but no
    additional contributions will be permitted.

o   If you had elected the Guaranteed minimum income benefit, an optional
    enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
    the GWBL Enhanced death benefit under the contract, they will no longer be
    in effect and charges for such benefits will stop. Also, any Guaranteed
    minimum death benefit feature will no longer be in effect.

o   The beneficiary may choose at any time to withdraw all or a portion of the
    account value and no withdrawal charges, if any, will apply.

o   Any partial withdrawal must be at least $300.

o   Your beneficiary will have the right to name a beneficiary to receive any
    remaining interest in the contract.

o   Upon the death of your beneficiary, the beneficiary he or she has named has
    the option to either continue taking required minimum

                                                    Payment of death benefit  71



   distributions based on the remaining life expectancy of the deceased
   beneficiary or to receive any remaining interest in the contract in a lump
   sum. The option elected will be processed when we receive satisfactory proof
   of death, any required instructions for the method of payment and any
   required information and forms necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies before
the annuity maturity date, whether or not the owner and the annuitant are the
same person. For purposes of this discussion, "beneficiary" refers to the
successor owner. This feature must be elected within 9 months following the date
of your death and before any other inconsistent election is made. Beneficiaries
who do not make a timely election will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life expectancy.
If the beneficiary chooses the 5-year rule, there will be no scheduled payments.
Under the 5-year rule, the beneficiary may take withdrawals as desired, but the
entire account value must be fully withdrawn by the fifth anniversary of your
death.

Under the beneficiary continuation option for NQ contracts:

o   This feature is only available if the beneficiary is an individual. It is
    not available for any entity such as a trust, even if all of the
    beneficiaries of the trust are individuals.

o   The beneficiary automatically replaces the existing annuitant.

o   The contract continues in your name for the benefit of your beneficiary.

o   If there is more than one beneficiary, each beneficiary's share will be
    separately accounted for. It will be distributed over the respective
    beneficiary's own life expectancy, if scheduled payments are chosen.

o   The minimum amount that is required in order to elect the beneficiary
    continuation option is $5,000 for each beneficiary.

o   The beneficiary may make transfers among the investment options but no
    additional contributions will be permitted.

o   If you had elected the Guaranteed minimum income benefit, an optional
    enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
    the GWBL Enhanced death benefit under the contract, they will no longer be
    in effect and charges for such benefits will stop. Also, any Guaranteed
    minimum death benefit feature will no longer be in effect.

o   If the beneficiary chooses the "5-year rule," withdrawals may be made at any
    time. If the beneficiary instead chooses scheduled payments, the beneficiary
    must also choose between two potential withdrawal options at the time of
    election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
    cannot later withdraw funds in addition to the scheduled payments the
    beneficiary is receiving; "Withdrawal Option 1" permits total surrender
    only. "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
    addition to scheduled payments, at any time. However, the scheduled payments
    under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
    payments." See "Taxation of nonqualified annuities" in "Tax Information"
    later in this Prospectus.

o   Any partial withdrawals must be at least $300.

o   Your beneficiary will have the right to name a beneficiary to receive any
    remaining interest in the contract on the beneficiary's death.

o   Upon the death of your beneficiary, the beneficiary he or she has named has
    the option to either continue taking scheduled payments based on the
    remaining life expectancy of the deceased beneficiary (if scheduled payments
    were chosen) or to receive any remaining interest in the contract in a lump
    sum. We will pay any remaining interest in the contract in a lump sum if
    your beneficiary elects the 5-year rule. The option elected will be
    processed when we receive satisfactory proof of death, any required
    instructions for the method of payment and any required information and
    forms necessary to effect payment.

If the deceased is the owner or older joint owner:

o   As of the date we receive satisfactory proof of death, any required
    instructions, information and forms necessary to effect the Beneficiary
    continuation option feature, we will increase the account value to equal the
    applicable death benefit if such death benefit is greater than such account
    value plus any amount applicable under the Earnings enhancement benefit
    adjusted for any subsequent withdrawals.

o   No withdrawal charges will apply to any withdrawals by the beneficiary.

If the deceased is the younger non-spousal joint owner:

o The annuity account value will not be reset to the death benefit amount.

o   The contract's withdrawal charge schedule will continue to be applied to any
    withdrawal or surrender other than scheduled payments; the contract's free
    withdrawal amount will continue to apply to withdrawals but does not apply
    to surrenders.

o   We do not impose a withdrawal charge on scheduled payments except if, when
    added to any withdrawals previously taken in the same contract year,
    including for this purpose a contract surrender, the total amount of
    withdrawals and scheduled payments exceed the free withdrawal amount. See
    the "Withdrawal charges" in "Charges and expenses" earlier in this
    Prospectus.

72  Payment of death benefit



7.  Tax information

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OVERVIEW
In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) contracts owned by United States
individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change without
notice. We cannot predict whether, when, or how these rules could change. Any
change could affect contracts purchased before the change. Congress may also
consider proposals in the future to comprehensively reform or overhaul the
United States tax and retirement systems, which if enacted, could affect the tax
benefits of a contract. We cannot predict what, if any, legislation will
actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state income
and other state taxes, federal income tax and withholding rules for non-U.S.
taxpayers, or federal gift and estate taxes. Transfers of the contract, rights
or values under the contract, or payments under the contract, for example,
amounts due to beneficiaries, may be subject to federal or state gift, estate,
or inheritance taxes. You should not rely only on this document, but should
consult your tax adviser before your purchase.


BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b) Arrangements
("TSAs"), respectively: an IRA or 403(b) annuity contract such as this one, or
an IRA or 403(b)(7) custodial or other qualified account. Annuity contracts can
also be purchased in connection with retirement plans qualified under Code
Section 401 ("QP contracts"). How these arrangements work, including special
rules applicable to each, are described in the specific sections for each type
of arrangement, below. You should be aware that the funding vehicle for a
qualified arrangement does not provide any tax deferral benefit beyond that
already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator's(R) choice of death benefits, the
Guaranteed withdrawal benefit for life, the Guaranteed minimum income benefit,
special dollar cost averaging, selection of variable investment options,
guaranteed interest option, fixed maturity options and its choices of payout
options, as well as the features and benefits of other permissible funding
vehicles and the relative costs of annuities and other arrangements. You should
be aware that cost may vary depending on the features and benefits made
available and the charges and expenses of the investment options or funds that
you elect.

Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase this
annuity contract or purchase additional features under this annuity contract.
See also Appendix II at the end of this Prospectus for a discussion of QP
contracts.


TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o   if a contract fails investment diversification requirements as specified in
    federal income tax rules (these rules are based on or are similar to those
    specified for mutual funds under the securities laws);

o   if you transfer a contract, for example, as a gift to someone other than
    your spouse (or former spouse);

o   if you use a contract as security for a loan (in this case, the amount
    pledged will be treated as a distribution); and

o   if the owner is other than an individual (such as a corporation,
    partnership, trust, or other non-natural person). This provision does not
    apply to a trust which is a mere agent or nominee for an individual, such as
    a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

                                                             Tax information  73



TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED
WITHDRAWAL BENEFIT FOR LIFE

We treat Guaranteed annual payments and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are taxable to you as
ordinary income if there are earnings in the contract. Generally, earnings are
your account value less your investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable. If you withdraw an amount which
is more than the earnings in the contract as of the date of the withdrawal, the
balance of the distribution is treated as a return of your investment in the
contract and is not taxable. It reduces the investment in the contract.

ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under "Guaranteed
withdrawal benefit for life ("GWBL")" in "Contract features and benefits"
earlier in this Prospectus, as well as GMIB and other annuitization payments
that are based on life or life expectancy, are considered annuity payments for
tax purposes. Once annuity payments begin, a portion of each payment is taxable
as ordinary income. You get back the remaining portion without paying taxes on
it. This is your unrecovered investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any unrecovered
investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the contract.
If you withdraw an amount which is more than the earnings in the contract as of
the date of the withdrawal, the balance of the distribution is treated as a
return of your investment in the contract and is not taxable.

EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it is
possible that the IRS could take a contrary position or assert that the Earnings
enhancement benefit rider is not part of the contract. In such a case the
charges for the Earnings enhancement benefit rider could be treated for federal
income tax purposes as a partial withdrawal from the contract. If this were so,
such a deemed withdrawal could be taxable, and for contract owners under age
59-1/2, also subject to a tax penalty. Were the IRS to take this position, AXA
Equitable would take all reasonable steps to attempt to avoid this result, which
could include amending the contract (with appropriate notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o   the contract that is the source of the funds you are using to purchase the
    NQ contract is another nonqualified deferred annuity contract or life
    insurance or endowment contract.

o   the owner and the annuitant are the same under the source contract and the
    Accumulator(R) NQ contract. If you are using a life insurance or endowment
    contract the owner and the insured must be the same on both sides of the
    exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required to
process this type of an exchange.


Section 1035 exchanges are generally not available after the death of the owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as ordinary
income (not capital gain) to the extent it exceeds your investment in the
contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option for
a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ Contracts only" in "Payment of death benefit" earlier
in this Prospectus. Among other things, the IRS rules that:

74  Tax information



o   scheduled payments under the beneficiary continuation option for NQ
    contracts satisfy the death of owner rules of Section 72(s)(2) of the Code,
    regardless of whether the beneficiary elects "Withdrawal Option 1" or
    "Withdrawal Option 2";

o   scheduled payments, any additional withdrawals under "Withdrawal Option 2",
    or contract surrenders under "Withdrawal Option 1" will only be taxable to
    the beneficiary when amounts are actually paid, regardless of the
    "Withdrawal Option" selected by the beneficiary;

o   a beneficiary who irrevocably elects scheduled payments with "Withdrawal
    Option 1" will receive "excludable amount" tax treatment on scheduled
    payments. See "Annuity payments" earlier in this section. If the beneficiary
    elects to surrender the contract before all scheduled payments are paid, the
    amount received upon surrender is a non-annuity payment taxable to the
    extent it exceeds any remaining investment in the contract.


The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).


The tax treatment of a withdrawal after the death of the owner taken as a single
sum or taken as withdrawals under the 5-year rule is generally the same as the
tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2, a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax. Some
of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or


o   in the form of substantially equal periodic annuity payments for your life
    (or life expectancy), or the joint lives (or joint life expectancy) of you
    and a beneficiary, in accordance with IRS formulas. We do not anticipate
    that Guaranteed annual withdrawals made under the Guaranteed withdrawal
    benefit for life's Maximum or Customized payment plan or taken as partial
    withdrawals will qualify for this exception if made before 59-1/2.


INVESTOR CONTROL ISSUES


Under certain circumstances, the IRS has stated that you could be treated as the
owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying portfolios
are restricted to variable life and annuity assets. The variable annuity owners
must have the right only to choose among the portfolios, and must have no right
to direct the particular investment decisions within the portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of the
assets of Separate Account 49.


SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types of
such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds the
assets funding the account for the benefit of the IRA owner. The assets
typically include mutual funds and/or individual stocks and securities in a
custodial account, and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required to
combine IRA values or contributions for tax purposes. For further information
about individual retirement arrangements, you can read Internal Revenue Service
Publication 590

                                                             Tax information  75



("Individual Retirement Arrangements (IRAs)"). This publication is usually
updated annually, and can be obtained from any IRS district office or the IRS
website (www.irs.gov).


AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA or Roth IRA. The traditional IRAs we offer are
the Rollover IRA and Flexible Premium IRA. The versions of the Roth IRA
available are the Roth Conversion IRA and Flexible Premium Roth IRA. We also
offer the Inherited IRA for payment of post-death required minimum distributions
from traditional IRAs and Roth IRAs. This Prospectus contains the information
that the IRS requires you to have before you purchase an IRA. The first section
covers some of the special tax rules that apply to traditional IRAs. The next
section covers Roth IRAs. The disclosure generally assumes direct ownership of
the individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.

We describe the amount and types of charges that may apply to your contributions
under "Charges and expenses" earlier in this Prospectus. We describe the method
of calculating payments under "Accessing your money" earlier in this Prospectus.
We do not guarantee or project growth in any variable income annuitization
option payments (as opposed to payments from a fixed income annuitization
option).

AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of the Accumulator(R) traditional and Roth IRA contracts for
use as a traditional and Roth IRA, respectively. It is not clear whether and
when any such approval may be received. We have in the past received IRS opinion
letters approving the respective forms of similar traditional IRA and Roth IRA
endorsements for use as a traditional and Roth IRA, respectively. This IRS
approval is a determination only as to the form of the annuity. It does not
represent a determination of the merits of the annuity as an investment. The
contracts submitted for IRS approval do not include every feature possibly
available under the Accumulator(R) traditional and Roth IRA contracts.

AXA Equitable has also submitted the respective forms of the Accumulator(R)
Inherited IRA beneficiary continuation contract to the IRS for approval as to
form for use as a traditional IRA or Roth IRA, respectively. We do not know if
and when any such approval may be granted.


EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) traditional and Roth IRA contracts. You should discuss with
your tax adviser whether you should consider purchasing an Accumulator(R) IRA or
Accumulator(R) Roth IRA with optional Earnings enhancement benefit.

Your right to cancel within a certain number of days

You can cancel any version of the Accumulator(R) IRA contract (traditional IRA
or Roth IRA) by following the directions in "Your right to cancel with a certain
number of days" under "Contract features and benefits" earlier in this
Prospectus. If you cancel a traditional IRA or Roth IRA contract, we may have to
withhold tax, and we must report the transaction to the IRS. A contract
cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Contributions to traditional IRAs. Individuals may make three different types of
contributions to purchase a traditional IRA or as subsequent contributions to an
existing IRA:

o  "regular" contributions out of earned income or compensation; or

o   tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers").

Regular contributions to traditional IRAs


Limits on contributions. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable year.
The maximum regular contribution amount depends on age, earnings, and year,
among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000 your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch-up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be less
if earned income is less and the other spouse has made IRA contributions. No
more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional IRAs
and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 701/2. "Catch-up" contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.


76  Tax information



Deductibility of contributions. The amount of traditional IRA contributions that
you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored tax-favored retirement plan, as defined under special federal
income tax rules. Your Form W-2 will indicate whether or not you are covered by
such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you can
make fully deductible contributions to your traditional IRAs for the taxable
year up to the maximum amount discussed earlier in this section under "Limits on
contributions". That is, for 2007, your fully deductible contribution can be up
to $4,000 ($5,000 for 2008), or if less, your earned income. The dollar limit is
$5,000 for people eligible to make age 50-70-1/2 catch-up contributions for 2007
($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct any
of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible contributions
beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional IRA
contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI between
$150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000 after
adjustment.)


To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

 ($10,000-excess AGI)     times    the maximum    Equals   the adjusted
 -------------------        x        regular        =       deductible
 divided by $10,000                contribution            contribution
                                   for the year               limit

Additional "Saver's Credit" for contributions to a
traditional IRA or Roth IRA

You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax return
and your adjusted gross income cannot exceed $50,000 ($52,000 after cost of
living indexing beginning in 2007). The amount of the tax credit you can get
varies from 10% of your contribution to 50% of your contribution and depends on
your income tax filing status and your adjusted gross income. The maximum annual
contribution eligible for the saver's credit is $2,000. If you and your spouse
file a joint return and each of you qualifies, each is eligible for a maximum
annual contribution of $2,000. Your saver's credit may also be reduced if you
take or have taken a taxable distribution from any plan eligible for a saver's
credit contribution -- even if you make a contribution to one plan and take the
distribution from another plan -- during the "testing period." The "testing
period" begins two years before the year for which you make the contribution and
ends when your tax return is due for the year for which you make the
contribution. Saver's-credit-eligible contributions may be made to a 401(k)
plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE IRA or SARSEP IRA,
as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 "catch-up" contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are

                                                             Tax information  77



making nondeductible traditional IRA contributions, you must retain all income
tax returns and records pertaining to such contributions until interests in all
traditional IRAs are fully distributed.

When you can make regular contributions. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make your
regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custo dial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional IRA
to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o  Do it yourself:
   You actually receive a distribution that can be rolled over and you roll it
   over to a traditional IRA within 60 days after the date you receive the
   funds. The distribution from your eligible retirement plan will be net of 20%
   mandatory federal income tax withholding. If you want, you can replace the
   withheld funds yourself and roll over the full amount.

o  Direct rollover:
   You tell the trustee or custodian of the eligible retirement plan to send the
   distribution directly to your traditional IRA issuer. Direct rollovers are
   not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o  "required minimum distributions" after age 70-1/2 or retirement from service
   with the employer; or

o  substantially equal periodic payments made at least annually for your life
   (or life expectancy) or the joint lives (or joint life expectancies) of you
   and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  death benefit payments to a beneficiary who is not your surviving spouse; or

o  qualified domestic relations order distributions to a beneficiary who is not
   your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan, such as a traditional IRA, and subsequently take a premature
distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently than
once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement plan
under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a


78  Tax information



tax-free basis between spouses or former spouses as a result of a court-ordered
divorce or separation decree.

Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o  regular contributions of more than the maximum regular contri bution amount
   for the applicable taxable year; or

o  regular contributions to a traditional IRA made after you reach age 70-1/2;
   or

o  rollover contributions of amounts which are not eligible to be rolled over,
   for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income. It
is also not subject to the 10% additional penalty tax on early distributions,
discussed later in this section under "Early distribution penalty tax." You do
have to withdraw any earnings that are attributed to the excess contribution.
The withdrawn earnings would be included in your gross income and could be
subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1)  the rollover was from an eligible retirement plan to a traditional IRA;

(2)  the excess contribution was due to incorrect information that the plan
     provided; and

(3)  you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA (it
does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the end
of any year in which you have received a distribution from any traditional IRA,
you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus all
traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o  the amount received is a withdrawal of excess contributions, as described
   under "Excess contributions" earlier in this section; or

o  the entire amount received is rolled over to another traditional IRA or other
   eligible retirement plan which agrees to accept the funds. (See "Rollovers
   from eligible retirement plans other than traditional IRAs" under "Rollover
   and transfer contributions to traditional IRAs" earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b) plan.
After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.

                                                             Tax information  79




Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


Required minimum distributions

Background on Regulations--Required Minimum Distributions. Distributions must be
made from traditional IRAs according to rules contained in the Code and Treasury
Regulations. Beginning in 2006, certain provisions of the Treasury Regulations
require that the actuarial present value of additional annuity contract benefits
must be added to the dollar amount credited for purposes of calculating certain
types of required minimum distributions from individual retirement annuity
contracts. For this purpose additional annuity contract benefits may include,
but are not limited to, guaranteed minimum income benefits and enhanced death
benefits. This could increase the amount required to be distributed from these
contracts if you take annual withdrawals instead of annuitizing. Please consult
your tax adviser concerning applicability of these complex rules to your
situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your Required Beginning Date, which
is April 1st of the calendar year after the calendar year in which you turn age
70-1/2. If you choose to delay taking the first annual minimum distribution,
then you will have to take two minimum distributions in that year -- the delayed
one for the first year and the one actually for that year. Once minimum
distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions. There are two approaches
to taking required minimum distributions -- "account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by a
number corresponding to your age from an IRS table. This gives you the required
minimum distribution amount for that particular IRA for that year. If your
spouse is your sole beneficiary and more than 10 years younger than you, the
dividing number you use may be from another IRS table and may produce a smaller
lifetime required minimum distribution amount. Regardless of the table used, the
required minimum distribution amount will vary each year as the account value,
the actuarial present value of additional annuity contract benefits, if
applicable, and the divisor change. If you initially choose an account-based
method, you may later apply your traditional IRA funds to a life annuity-based
payout with any certain period not exceeding remaining life expectancy,
determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a period
certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional IRAs
and other retirement plans. For example, you can choose an annuity payout from
one IRA, a different annuity payout from a qualified plan and an account-based
annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount, you
may choose to take your annual required minimum distribution from any one or
more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method with
us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death ben-


80 Tax information




eficiary calculates annual post-death required minimum distribution payments
based on the beneficiary's life expectancy using the "term certain method." That
is, he or she determines his or her life expectancy using the IRS-provided life
expectancy tables as of the calendar year after the owner's death and reduces
that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owners death. No distribution is required before that
fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of choices.
Post-death distributions may be made over your spouse's single life expectancy.
Any amounts distributed after that surviving spouse's death are made over the
spouse's life expectancy calculated in the year of his/her death, reduced by one
for each subsequent year. In some circumstances, your surviving spouse may elect
to become the owner of the traditional IRA and halt distributions until he or
she reaches age 70-1/2, or roll over amounts from your traditional IRA into
his/her own traditional IRA or other eligible retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained age
70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules permit
the beneficiary to calculate post-death required minimum distribution amounts
based on the owner's life expectancy in the year of death. However, note that we
need an individual annuitant to keep an annuity contract in force. If the
beneficiary is not an individual, we must distribute amounts remaining in the
annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of the
annuitant.

Spousal continuation

If the contract is continued under Spousal continuation, no amounts are required
to be paid until after your surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA as
collateral for a loan or other obligation. If you borrow against your IRA or use
it as collateral, its tax-favored status will be lost as of the first day of the
tax year in which this prohibited event occurs. If this happens, you must
include the value of the traditional IRA in your federal gross income. Also, the
early distribution penalty tax of 10% may apply if you have not reached age
59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include
distributions:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  used to pay certain extraordinary medical expenses (special fed eral income
   tax definition); or

o  used to pay medical insurance premiums for unemployed indi viduals (special
   federal income tax definition); or

o  used to pay certain first-time home buyer expenses (special fed eral income
   tax definition; $10,000 lifetime total limit for these distributions from all
   your traditional and Roth IRAs); or

o  used to pay certain higher education expenses (special federal income tax
   definition); or


o  in the form of substantially equal periodic payments made at least annually
   over your life (or your life expectancy) or over the joint lives of you and
   your beneficiary (or your joint life expectancies) using an IRS-approved
   distribution method. We do not anticipate that Guaranteed annual payments
   made under the Guaranteed withdrawal benefit for life's Maximum or Customized
   payment plan or taken as partial withdrawals will qualify for this exception
   if made before age 59-1/2.

To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments,
using your choice of IRS-approved methods we offer. Although substantially equal
withdrawals and Income Manager(SM) payments are not subject to the 10% penalty
tax, they are taxable as discussed in "Withdrawals, payments and transfers of
funds out of traditional IRAs" earlier in this section. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under


                                                             Tax information  81




either option. Also, it is possible that the IRS could view any additional
withdrawal or payment you take from your contract as changing your pattern of
substantially equal withdrawals or Income Manager(SM) payments for purposes of
determining whether the penalty applies.


Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Roth IRA contract is designed to qualify as a Roth individual
retirement annuity under Sections 408A(b) and 408(b) of the Internal Revenue
Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o  regular after-tax contributions out of earnings; or

o  taxable rollover contributions from traditional IRAs ("conversion"
   contributions); or

o  tax-free rollover contributions from other Roth arrangements; or

o  tax-free direct custodian-to-custodian transfers from other Roth IRAs
   ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA or a Flexible Premium Roth IRA contract. If you use the
forms we require, we will also accept traditional IRA funds which are
subsequently recharacterized as Roth IRA funds following special federal income
tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Regular contributions to Roth IRAs


Limits on regular contributions. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable year.
The maximum regular contribution amount depends on age, earnings, and year,
among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability to
contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):


o  your federal income tax filing status is "married filing jointly" and your
   modified adjusted gross income is over $160,000 (for 2007, $166,000 after
   adjustment); or

o  your federal income tax filing status is "single" and your modified adjusted
   gross income is over $110,000 (for 2007, $114,000 after adjustment). .

However, you can make regular Roth IRA contributions in reduced amounts when:

o  your federal income tax filing status is "married filing jointly" and your
   modified adjusted gross income is between $150,000 and $160,000 (for 2007,
   between $156,000 and $166,000 after adjustment); or

o  your federal income tax filing status is "single" and your modified adjusted
   gross income is between $95,000 and $110,000 (for 2007, between $99,000 and
   $114,000 after adjustment).

If you are married and filing separately and your modified adjusted gross income
is between $0 and $10,000 the amount of regular contributions you are permitted
to make is phased out. If your modified adjusted gross income is more than
$10,000 you cannot make regular Roth IRA contributions.

When you can make contributions. Same as traditional IRAs.

Deductibility of contributions. Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian, trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o  another Roth IRA ("tax-free rollover contribution");

o  a "designated Roth contribution account" under a 401(k) plan or a 403(b)
   arrangement;

82  Tax information



   another traditional IRA, including a SEP-IRA or SIMPLE IRA (after o a
   two-year rollover limitation period for SIMPLE IRA funds), in a taxable
   conversion rollover ("conversion contribution");


o  you may not make contributions to a Roth IRA from a qualified plan under
   section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
   the Internal Revenue Code or any other eligible retirement plan until 2008.
   You may make rollover contributions from a "designated Roth contribution
   account" under a 401(k) plan or a 403(b) arrangement which permits designated
   Roth elective deferral contributions to be made, beginning in 2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover transactions
only once in any 12-month period for the same funds. Trustee-to-trustee or
custodian-to-custodian direct transfers can be made more frequently than once a
year. Also, if you send us the rollover contribution to apply it to a Roth IRA,
you must do so within 60 days after you receive the proceeds from the original
IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is generally
fully taxable. For this reason, we are required to withhold 10% federal income
tax from the amount converted unless you elect out of such withholding. If you
have ever made nondeductible regular contributions to any traditional IRA --
whether or not it is the traditional IRA you are converting -- a pro rata
portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
computed without the gross income stemming from the traditional IRA conversion.
Modified adjusted gross income for this purpose excludes any lifetime required
minimum distribution from a traditional IRA.) You also cannot make conversion
contributions to a Roth IRA for any taxable year in which your federal income
tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you reconvert
during either of these periods, it will be a failed Roth IRA conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as includible
in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must have
the contribution transferred from the first IRA (the one to which it was made)
to the second IRA in a deemed trustee-to-trustee transfer. If the transfer is
made by the due date (including extensions) for your tax return for the year
during which the contribution was made, you can elect to treat the contribution
as having been originally made to the second IRA instead of to the first IRA. It
will be treated as having been made to the second IRA on the same date that it
was actually made to the first IRA. You must report the recharacterization and
must treat the contribution as having been made to the second IRA, instead of
the first IRA, on your tax return for the year during which the contribution was
made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net income
transferred with the recharacterized contribution is treated as earned in the
second IRA. The contribution will not be treated as having been made to the
second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the tradi-


                                                             Tax information  83



tional IRA, is treated as a contribution to the Roth IRA in the year of the
distribution from the traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled to
the special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o    rollovers from a Roth IRA to another Roth IRA;

o    direct transfers from a Roth IRA to another Roth IRA;

o    qualified distributions from a Roth IRA; and

o    return of excess contributions or amounts recharacterized to a
     traditional IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o    you are age 59-1/2; or older or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    your distribution is a "qualified first-time homebuyer distribution"
     (special federal income tax definition; $10,000 lifetime total limit for
     these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or not
the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally, total
     conversions from the earliest year first). These conversion contributions
     are taken into account as follows:

     (a) Taxable portion (the amount required to be included in gross income
         because of conversion) first, and then the

     (b) Nontaxable portion.

(3) Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions are
aggregated or grouped and added together as follows:

(1)  All distributions made during the year from all Roth IRAs you maintain --
     with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contribu tions made
     after the close of the year, but before the due date of your return) are
     added together. This total is added to the total undistributed regular
     contributions made in prior years.


(3)  All conversion contributions made during the year are added together. For
     purposes of the ordering rules, in the case of any conversion in which the
     conversion distribution is made in 2007 and the conversion contribution is
     made in 2008, the conversion contribution is treated as contributed prior
     to other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution would
have been taken into account if it had been made directly to the Roth IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA is
disregarded for the purpose of grouping both contributions and distributions.
Any amount withdrawn to correct an excess contribution (including the earnings
withdrawn) is also disregarded for this purpose.

84  Tax information



Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the due
date (including extensions) for filing your federal income tax return for the
tax year. If you do this, you must also withdraw or recharacterize any earnings
attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally, there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Internal
Revenue Code or a custodial account that invests only in mutual funds and which
is treated as an annuity contract under Section 403(b)(7) of the Code. Both
types of 403(b) arrangements qualify for tax deferral.

Earnings enhancement benefit

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could affect the tax qualification of the TSA and could be taxable. Were the IRS
to take any adverse position, AXA Equitable would take all reasonable steps to
attempt to avoid any adverse result, which would include amending the contract
(with appropriate notice to you). You should discuss with your tax adviser
whether you should consider purchasing an Accumulator(R) Rollover TSA contract
with the optional Earnings enhancement benefit.

Contributions to TSAs

There are two ways you can make contributions to establish this Accumulator(R)
Rollover TSA contract:

o  a full or partial direct transfer of assets ("direct transfer") from another
   contract or arrangement that meets the requirements of Section 403(b) of the
   Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o  a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax funds in the Rollover TSA. We do not accept
"designated Roth contributions" rolled over from a 401(k) plan or a 403(b)
arrangement or directly transferred from another 403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Rollover TSA contract does
not accept employer-remitted contributions. However, we provide the following
discussion as part of our description of restrictions on the distribution of
funds directly transferred, which include employer-remitted contributions to
other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or all
of the contributions made to a TSA are made under a salary reduction agreement
between the employee and the employer. These contributions are called "salary
reduction" or "elective deferral" contributions and are generally made on a
pre-tax basis. Beginning in 2006, if the employer's plan permits, an employee
may designate some or all of salary reduction contribu-

                                                             Tax information  85



tions as "designated Roth contributions" to the 403(b) arrangement which are
made on an after-tax basis. However, a TSA can also be wholly or partially
funded through nonelective employer contributions or other after-tax employee
contributions. Amounts attributable to salary reduction contributions to TSAs
are generally subject to withdrawal restrictions. Also, all amounts attributable
to investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

Rollover or direct transfer contributions. Once you establish your Rollover TSA
contract with 403(b)-source funds, you may make subsequent rollover
contributions to your Rollover TSA contract from these sources: qualified plans,
governmental employer 457(b) plans and traditional IRAs, as well as other TSAs
and 403(b) arrangements. All rollover contributions must be pre-tax funds only
with appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o  termination of employment with the employer who provided the funds for the
   plan; or

o  reaching age 59-1/2 even if you are still employed; or

o  disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a distribution.
We accept direct transfers of TSA funds under Revenue Ruling 90-24 only if:

o  you give us acceptable written documentation as to the source of the funds,
   and

o  the Accumulator(R) contract receiving the funds has provisions at least as
   restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Rollover TSA contract, you may
have to obtain your employer's authorization or demonstrate that you do not need
employer authorization. For example, the transferring TSA may be subject to
Title I of ERISA, if the employer makes matching contributions to salary
reduction contributions made by employees. In that case, the employer must
continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Rollover TSA must be net of the required
minimum distribution for the tax year in which we issue the contract if:

o  you are or will be at least age 70-1/2 in the current calendar year, and

o  you have retired from service with the employer who provided the funds to
   purchase the TSA you are transferring or rolling over to the Accumulator(R)
   Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o  rollover by check of the proceeds from another TSA or eligible retirement
   plan; or

o  direct rollover from another TSA or eligible retirement plan; or

o  direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General. Depending on the terms of the employer plan and your employment status,
you may have to get your employer's consent to take a loan or withdrawal. Your
employer will tell us this when you establish the TSA through a direct transfer.

Withdrawal restrictions. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the following
events happens:

o  you are severed from employment with the employer who pro vided the funds to
   purchase the TSA you are transferring to the Accumulator(R) Rollover TSA; or

o  you reach age 59-1/2; or

o  you die; or

o  you become disabled (special federal income tax definition); or

o  you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account, such
amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to your
TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us

86  Tax information



in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA distributions
may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as pro
rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity Payments. Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL")" in "Contract
features and benefits" earlier in this Prospectus, as well as GMIB and other
annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment in
the contract is recovered is fully taxable. If you (and your beneficiary under a
joint and survivor annuity) die before recovering the full investment in the
contract, a deduction is allowed on your (or your beneficiary's) final tax
return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. You may take loans from a TSA unless restricted by the employer
(for example, under an employer plan subject to ERISA). If you cannot take a
loan, or cannot take a loan without approval from the employer who provided the
funds, we will have this information in our records based on what you and the
employer who provided the TSA funds told us when you purchased your contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the loan
is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o    The amount of a loan to a participant, when combined with all other loans
     to the participant from all qualified plans of the employer, cannot exceed
     the lesser of:

     (1)  the greater of $10,000 or 50% of the participant's nonfor feitable
          accrued benefits; and

     (2)  $50,000 reduced by the excess (if any) of the highest out standing
          loan balance over the previous twelve months over the outstanding loan
          balance of plan loans on the date the loan was made.

o    In general, the term of the loan cannot exceed five years unless the loan
     is used to acquire the participant's primary residence. Accumulator(R)
     Rollover TSA contracts have a term limit of 10 years for loans used to
     acquire the participant's primary residence.

o    All principal and interest must be amortized in substantially level
     payments over the term of the loan, with payments being made at least
     quarterly. In very limited circumstances, the repayment obligation may be
     temporarily suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o    the loan does not qualify under the conditions above;

o    the participant fails to repay the interest or principal when due; or

o    in some instances, the participant separates from service with the employer
     who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as a
distribution. For purposes of calculating any subsequent loans which may be made
under any plan of the same


                                                             Tax information  87




employer, a defaulted loan which has not been fully repaid is treated as still
outstanding, even after the default is reported to the IRS on Form 1099-R. The
amount treated as still outstanding (which limits subsequent loans) includes
interest accruing on the unpaid balance.

See Appendix VII later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.


Tax-deferred rollovers and direct transfers. You may roll over an "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.


You may roll over a distribution from a TSA to any of the following: a qualified
plan, a governmental employer 457(b) plan (separate accounting required) or a
traditional IRA. A spousal beneficiary may also roll over death benefits as
above. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period of
10 years or more, hardship withdrawals and required minimum distributions under
federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling 90-24
are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking annual
distributions from their TSAs by a required date. Generally, you must take the
first required minimum distribution for the calendar year in which you turn age
70-1/2. You may be able to delay the start of required minimum distributions for
all or part of your account balance until after age 70-1/2, as follows:

o    For TSA participants who have not retired from service with the employer
     who provided the funds for the TSA by the calendar year the participant
     turns age 70-1/2, the required beginning date for minimum distributions is
     extended to April 1 following the calendar year of retirement.

o    TSA plan participants may also delay the start of required mini
     mum distributions to age 75 of the portion of their account value
     attributable to their December 31, 1986, TSA account balance, even if
     retired at age 70-1/2. We will know whether or not you qualify for this
     exception because it will only apply to people who establish their
     Accumulator(R) Rollover TSA by direct Revenue Ruling 90-24 transfers. If
     you do not give us the amount of your December 31, 1986, account balance
     that is being transferred to the Accumulator(R) Rollover TSA on the form
     used to establish the TSA, you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Rollover TSA by
direct Revenue Ruling 90-24 transfer. Your employer will tell us on the form
used to establish the TSA whether or not you need to get spousal consent for
loans, withdrawals or other distributions. If you do, you will need such consent
if you are married when you request a withdrawal under the TSA contract. In
addition, unless you elect otherwise with the written consent of your spouse,
the retirement benefits payable under the plan must be paid in the form of a
qualified joint and survivor annuity. A qualified joint and survivor annuity is
payable for the life of the annuitant with a survivor annuity for the life of
the spouse in an amount not less than one-half of the amount payable to the
annuitant during his or her lifetime. In addition, if you are married, the
beneficiary must be your spouse, unless your spouse consents in writing to the
designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments will
be made to your surviving spouse in the form of a life annuity unless at the
time of your death a contrary election was in effect. However, your surviving
spouse may elect, before payments begin, to receive payments in any form
permitted under the terms of the TSA contract and the plan of the employer who
provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the available
exceptions to the pre-age 59-1/2 penalty tax include distributions made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    to pay for certain extraordinary medical expenses (special federal
     income tax definition); or

o    in any form of payout after you have separated from service (only if the
     separation occurs during or after the calendar year you reach age 55); or

o    in a payout in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy), or over the joint
     lives of you and your beneficiary (or your joint life expectancies) using
     an IRS-approved distribution method (only after you have separated from
     service at any age). We do not anticipate that Guaranteed annual payments
     made under the

88  Tax information



     Guaranteed withdrawal benefit for life's Maximum or Customized payment plan
     or taken as lump sums will qualify for this exception if made before age
     59-1/2.

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable. The
rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this purpose.
You cannot elect out of withholding unless you provide us with your correct
Taxpayer Identification Number and a United States residence address. You cannot
elect out of withholding if we are sending the payment out of the United States.

You should note the following special situations:

o    We might have to withhold and/or report on amounts we pay under a free look
     or cancellation.

o    We are generally required to withhold on conversion rollovers of
     traditional IRAs to Roth IRAs, as it is considered a withdrawal from the
     traditional IRA and is taxable.

o    We are required to withhold on the gross amount of a distribu tion from a
     Roth IRA to the extent it is reasonable for us to believe that a
     distribution is includable in your gross income. This may result in tax
     being withheld even though the Roth IRA distribution is ultimately not
     taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States citizens
residing outside the United States. We do not discuss these rules here in
detail. However, we may require additional documentation in the case of payments
made to non-United States persons and United States persons living abroad prior
to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state or
any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective unless
and until you revoke it. You may revoke or change your withholding election at
any time.


Federal income tax withholding on non-periodic annuity
payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from a
qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan
distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o    any distributions which are required minimum distributions after
     age 70-1/2 or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for your life
     (or life expectancy) or the joint lives (or joint life expectancies) of you
     and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period of 10
     years or more; or

o    hardship withdrawals; or

                                                             Tax information  89



     corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    a death benefit payment to a beneficiary who is not your surviv
     ing spouse; or

o    a qualified domestic relations order distribution to a beneficiary who is
     not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS


The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.


IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

90  Tax information



8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account No. 49 operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate Account
No. 49. Although Separate Account No. 49 is registered, the SEC does not monitor
the activity of Separate Account No. 49 on a daily basis. AXA Equitable is not
required to register, and is not registered, as an investment company under the
Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Accounts
invests solely in class IB/B shares issued by the corresponding portfolio of its
Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from, either Separate Account, or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate each Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against each Separate Account
     or a variable investment option directly);

(5)  to deregister the Separate Accounts under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Accounts;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish additional
portfolios or eliminate existing portfolios at any time. More detailed
information about each Trust, its portfolio investment objectives, policies,
restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects of its
operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in the respective SAIs, which are available upon
request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:



  Fixed Maturity
   Options with
   February 15th         Rate to            Price
  Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- ------------------------------------------------------
        2008              3.30%            $ 96.81
        2009              3.34%            $ 93.63
        2010              3.39%            $ 90.47
        2011              3.48%            $ 87.20
        2012              3.58%            $ 83.86
        2013              3.65%            $ 80.63
        2014              3.72%            $ 77.42
        2015              3.76%            $ 74.42
- ------------------------------------------------------


                                                             More information 91




  Fixed Maturity
   Options with
   February 15th         Rate to            Price
  Maturity Date of    Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- ------------------------------------------------------
        2016              3.84%            $ 71.22
        2017              3.89%            $ 68.25
- ------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1)  We determine the market adjusted amount on the date of the withdrawal as
     follows:

     (a)  We determine the fixed maturity amount that would be payable on the
          maturity date, using the rate to maturity for the fixed maturity
          option.

     (b)  We determine the period remaining in your fixed maturity option (based
          on the withdrawal date) and convert it to fractional years based on a
          365-day year. For example, three years and 12 days becomes 3.0329.

     (c)  We determine the current rate to maturity for your FMO based on the
          rate for a new FMO issued on the same date and having the same
          maturity date as your FMO; if the same maturity date is not available
          for new FMOs, we determine a rate that is between the rates for new
          FMO maturities that immediately precede and immediately follow your
          FMO's maturity date.

     (d)  We determine the present value of the fixed maturity amount payable at
          the maturity date, using the period determined in (b) and the rate
          determined in (c).

(2)  We determine the fixed maturity amount as of the current date.

(3)  We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.


If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment that
would have applied if you had withdrawn the entire value in that fixed maturity
option. This percentage is equal to the percentage of the value in the fixed
maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.


For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined by using a widely published index. We reserve the right to add up to
0.25% to the current rate in (1)(c) above for purposes of calculating the market
value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held in
this separate account. We may, subject to state law that applies, transfer all
assets allocated to the separate account to our general account. We guarantee
all benefits relating to your value in the fixed maturity options, regardless of
whether assets supporting fixed maturity options are held in a separate account
or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including corporate
bonds, mortgage-backed and asset-backed securities, and government and agency
issues having durations in the aggregate consistent with those of the fixed
maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the contracts,
we are not obligated to invest those assets according to any particular plan
except as we may be required to by state insurance laws. We will not determine
the rates to maturity we establish by the performance of the nonunitized
separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and the fixed
maturity options and the account for special dollar cost averaging, as well as
our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations of
all jurisdictions where we are authorized to do business. Interests under the
contracts in the general account have not been registered and are not required
to be registered under the Securities Act of 1933 because of exemptions and
exclusionary provisions that apply. The general account is not required to
register as an investment company under the Investment Company Act of 1940. The
market value adjustment interests under the contracts, which are held in a
separate account, are issued by AXA Equitable and are registered under the
Securities Act of 1933. The contract is a "covered security" under the federal
securities laws.

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We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account . The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire orders
not accompanied by complete information may be retained as described under "How
you can make your contributions" under "Contract features and benefits" earlier
in this Prospectus.

Even if we accept the wire order and essential information, a contract generally
will not be issued until we receive and accept a properly completed application.
In certain cases we may issue a contract based on information provided through
certain broker-dealers with which we have established electronic facilities. In
any such cases, you must sign our Acknowledgement of Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed application
and have issued the contract. Where we issue a contract based on information
provided through electronic facilities, we require an Acknowledgement of Receipt
form, and financial transactions are only permitted if you request them in
writing, sign the request and have its signature guaranteed, until we receive
the signed Acknowledgement of Receipt form. After your contract has been issued,
additional contributions may be transmitted by wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be transmitted
by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ, FLEXIBLE PREMIUM IRA AND FLEXIBLE
PREMIUM ROTH IRA CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution into
an NQ, Flexible Premium IRA or Flexible Premium Roth IRA contract on a monthly
or quarterly basis. AIP is not available for Rollover IRA, Roth Conversion IRA,
QP, Inherited IRA Beneficiary continuation (traditional IRA or Roth IRA) or
Rollover TSA contracts. Please see Appendix VII later in this Prospectus to see
if the automatic investment program is available in your state.

For NQ contracts, the minimum amounts we will deduct are $100 monthly and $300
quarterly. Under Flexible Premium IRA and Flexible Premium Roth IRA contracts,
the minimum amount is $50. Under the IRA contracts, these amounts are subject to
the tax maximums. AIP additional contributions may be allocated to any of the
variable investment options and available fixed maturity options, but not the
account for special dollar cost averaging. You choose the day of the month you
wish to have your account debited. However, you may not choose a date later than
the 28th day of the month.


For contracts with GWBL, AIP will be automatically terminated after the later
of: (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end of the first six months.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all the
required information unless another date applies as indicated below.

o   If your contribution, transfer, or any other transaction request, containing
    all the required information, reaches us on a non-business day or after 4:00
    p.m. on a business day, we will use the next business day.

o   A loan request under your Rollover TSA contract will be processed on the
    first business day of the month following the date on which the properly
    completed loan request form is received.

o   If your transaction is set to occur on the same day of the month as the
    contract date and that date is the 29th, 30th or 31st of the month, then the
    transaction will occur on the 1st day of the next month.

o   When a charge is to be deducted on a contract date anniversary that is a
    non-business day, we will deduct the charge on the next business day.

o   If we have entered into an agreement with your broker-dealer for automated
    processing of contributions upon receipt of customer order, your
    contribution will be considered received at the time your broker-dealer
    receives your contribution and all information needed to process your
    application, along with any required documents, and transmits your order to
    us in accordance with our processing

                                                            More information  93




   procedures. Such arrangements may apply to initial contributions, subsequent
   contributions, or both, and may be commenced or terminated at any time
   without prior notice. If required by law, the "closing time" for such orders
   will be earlier than 4:00 p.m., Eastern Time.


CONTRIBUTIONS AND TRANSFERS


o   Contributions allocated to the variable investment options are invested at
    the unit value next determined after the receipt of the contribution.


o   Contributions allocated to the guaranteed interest option will receive the
    crediting rate in effect on that business day for the specified time period.

o   Contributions allocated to a fixed maturity option will receive the rate to
    maturity in effect for that fixed maturity option on that business day
    (unless a rate lock-in is applicable).

o   Initial contributions allocated to the account for special dollar cost
    averaging receive the interest rate in effect on that business day. At
    certain times, we may offer the opportunity to lock in the interest rate for
    an initial contribution to be received under Section 1035 exchanges and
    trustee to trustee transfers. Your financial professional can provide
    information or you can call our processing office.


o   Transfers to or from variable investment options will be made at the unit
    value next determined after the receipt of the transfer request.


o   Transfers to a fixed maturity option will be based on the rate to maturity
    in effect for that fixed maturity option on the business day of the
    transfer.

o   Transfers to the guaranteed interest option will receive the crediting rate
    in effect on that business day for the specified time period.

o   For the interest sweep option, the first monthly transfer will occur on the
    last business day of the month following the month that we receive your
    election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of shares of the Trusts, we have the right to vote on certain
matters involving the portfolios, such as:

o  the election of trustees;

o  the formal approval of independent public accounting firms selected for each
   Trust; or

o  any other matters described in each prospectus for the Trusts or requiring a
   shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is taken.
If we do not receive instructions in time from all contract owners, we will vote
the shares of a portfolio for which no instructions have been received in the
same proportion as we vote shares of that portfolio for which we have received
instructions. We will also vote any shares that we are entitled to vote directly
because of amounts we have in a portfolio in the same proportions that contract
owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's annuity and/or variable life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do not
foresee any disadvantages to our policyowners arising out of these arrangements.
However, the Board of Trustees or Directors of each Trust intends to monitor
events to identify any material irreconcilable conflicts that may arise and to
determine what action, if any, should be taken in response. If we believe that a
Board's response insufficiently protects our policyowners, we will see to it
that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount of
reserves we are holding for that annuity in a variable investment option divided
by the annuity unit value for that option. We will cast votes attributable to
any amounts we have in the variable investment options in the same proportion as
votes cast by contract owners.

CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect to
a contract owner's interest in Separate Account No. 49, nor would any of these
proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity payments
begin. We will continue to treat you as the owner until we receive notification
of any change at our processing office. You cannot assign your NQ contract as
collateral or security for a loan.

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Loans are also not available under your NQ contract. In some cases, an
assignment or change of ownership may have adverse tax consequences. See "Tax
information" earlier in this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, the
Earnings enhancement benefit, a PGB, and/or the Guaranteed withdrawal benefit
for life ("Benefit"), generally the Benefit will automatically terminate if you
change ownership of the contract or if you assign the owner's right to change
the beneficiary or person to whom annuity payments will be made. However, the
Benefit will not terminate if the ownership of the contract is transferred from
a non-natural owner to an individual but the contract will continue to be based
on the annuitant's life. Please speak with your financial professional for
further information.


See Appendix VII later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.

You cannot assign or transfer ownership of an IRA, QP or Rollover TSA contract
except by surrender to us. If your individual retirement annuity contract is
held in your custodial individual retirement account, you may only assign or
transfer ownership of such an IRA contract to yourself. Loans are not available
(except for Rollover TSA contracts) and you cannot assign IRA and QP contracts
as security for a loan or other obligation. If the employer that provided the
funds does not restrict them, loans are available under a Rollover TSA contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your IRA, QP or Rollover TSA
contract to another similar arrangement under federal income tax rules. In the
case of such a transfer, which involves a surrender of your contract, we will
impose a withdrawal charge, if one applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue to
rely on this authorization until it receives your written notification at its
processing office that you have withdrawn this authorization. AXA Equitable may
change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of disruptive
transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and AXA
Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are registered
with the SEC as broker-dealers and are members of the National Association of
Securities Dealers, Inc. ("NASD"). Both broker-dealers also act as distributors
for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and will
generally not exceed 8.50% of total contributions. AXA Advisors, in turn, may
pay a portion of the contribution-based compensation received from AXA Equitable
on the sale of a contract to the AXA Advisors financial professional and/or
Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing annual
compensation of up to 0.60% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the total
compensation that would otherwise be paid on the basis of contributions alone.
The contribution-based and asset-based compensation paid by AXA Advisors varies
among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also receives
compensation and reimbursement for its marketing services under the terms of its
distribution agreement with AXA Equitable.


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The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their behalf.
The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) on a company and/or product
list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including some
that may benefit the contract owner. Payments may be based on the amount of
assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products. Additionally,
as an incentive for financial professionals of Selling broker-dealers to promote
the sale of AXA Equitable products, the Distributors may increase the sales
compensation paid to the Selling broker-dealer for a period of time (commonly
referred to as "compensation enhancements"). Marketing allowances and sales
incentives are made out of the Distributors' assets. Not all Selling
broker-dealers receive these kinds of payments. For more information about any
such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated insurance
trusts, the Distributors or their affiliates may also receive other payments
from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments known
as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can vary
in amount based on the applicable product and/or entity or individual involved.
As with any incentive, such payments may cause the financial professional to
show preference in recommending the purchase or sale of AXA Equitable products.
However, under applicable rules of the NASD, AXA Advisors may only recommend to
you products that they reasonably believe are suitable for you based on facts
that you have disclosed as to your other security holdings, financial situation
and needs. In making any recommendation, financial professionals of AXA Advisors
may nonetheless face conflicts of interest because of the differences in
compensation from one product category to another, and because of differences in
compensation between products in the same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such as
stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made will
be in compliance with all applicable NASD rules and other laws and regulations.


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9. Incorporation of certain documents by reference


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AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by accessing
the SEC's website at www.sec.gov. The public may obtain information on the
operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
Under the Securities Act of 1933, the Company has filed with the SEC a
registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for additional
information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports of
KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person to
whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-


                             Incorporation of certain documents by reference  97




Appendix I: Condensed financial information


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The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.30%.





    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                                INVESTMENT OPTION
                                                For the years ended December 31,
                                                --------------------------------
                                                            2006
                                             
 AXA Aggressive Allocation
  Unit value                                             $  13.91
  Number of units outstanding (000's)                       4,973
 AXA Conservative Allocation
  Unit value                                             $  11.46
  Number of units outstanding (000's)                         590
 AXA Conservative-Plus Allocation
  Unit value                                             $  12.12
  Number of units outstanding (000's)                       1,414
 AXA Moderate Allocation
  Unit value                                             $  12.65
  Number of units outstanding (000's)                       8,363
 AXA Moderate-Plus Allocation
  Unit value                                             $  14.01
  Number of units outstanding (000's)                      17,150
 AXA Premier VIP Aggressive Equity
  Unit value                                             $  12.96
  Number of units outstanding (000's)                          94
 AXA Premier VIP Core Bond
  Unit value                                             $  10.76
  Number of units outstanding (000's)                         333
 AXA Premier VIP Health Care
  Unit value                                             $  12.84
  Number of units outstanding (000's)                         177
 AXA Premier VIP High Yield
  Unit value                                             $  12.44
  Number of units outstanding (000's)                         448
 AXA Premier VIP International Equity
  Unit value                                             $  18.43
  Number of units outstanding (000's)                         386
 AXA Premier VIP Large Cap Core Equity
  Unit value                                             $  13.53
  Number of units outstanding (000's)                          62
 AXA Premier VIP Large Cap Growth
  Unit value                                             $  11.54
  Number of units outstanding (000's)                         176
 AXA Premier VIP Large Cap Value
  Unit value                                             $  15.57
  Number of units outstanding (000's)                         264
 AXA Premier VIP Mid Cap Growth
  Unit value                                             $  13.44
  Number of units outstanding (000's)                         212



A-1 Appendix I: Condensed financial information






    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)
                                                For the years ended December 31,
                                                --------------------------------
                                             
                                                           2006
 AXA Premier VIP Mid Cap Value
  Unit value                                             $ 15.00
  Number of units outstanding (000's)                        224
 AXA Premier VIP Technology
  Unit value                                             $ 12.42
  Number of units outstanding (000's)                        112
 EQ/AllianceBernstein Common Stock
  Unit value                                             $ 13.65
  Number of units outstanding (000's)                        869
 EQ/AllianceBernstein Growth and Income
  Unit value                                             $ 14.73
  Number of units outstanding (000's)                        449
 EQ/AllianceBernstein Intermediate Government Securities
  Unit value                                             $ 10.27
  Number of units outstanding (000's)                         63
 EQ/AllianceBernstein International
  Unit value                                             $ 18.04
  Number of units outstanding (000's)                        800
 EQ/AllianceBernstein Large Cap Growth
  Unit value                                             $ 12.31
  Number of units outstanding (000's)                        180
 EQ/AllianceBernstein Quality Bond
  Unit value                                             $ 10.73
  Number of units outstanding (000's)                        364
 EQ/AllianceBernstein Small Cap Growth
  Unit value                                             $ 14.29
  Number of units outstanding (000's)                        213
 EQ/AllianceBernstein Value
  Unit value                                             $ 15.23
  Number of units outstanding (000's)                      1,142
 EQ/Ariel Appreciation II
  Unit value                                             $ 11.37
  Number of units outstanding (000's)                        124
 EQ/AXA Rosenberg Value Long/Short Equity
  Unit value                                             $ 11.05
  Number of units outstanding (000's)                        160
 EQ/Boston Advisors Equity Income
  Unit value                                             $  2.77
  Number of units outstanding (000's)                        989
 EQ/Calvert Socially Responsible
  Unit value                                             $ 11.94
  Number of units outstanding (000's)                        101
 EQ/Capital Guardian Growth
  Unit value                                             $ 11.90
  Number of units outstanding (000's)                        604
 EQ/Capital Guardian International
  Unit value                                             $ 17.03
  Number of units outstanding (000's)                        625
 EQ/Capital Guardian Research
  Unit value                                             $ 13.57
  Number of units outstanding (000's)                        276



                                 Appendix I: Condensed financial information A-2






    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)
                                                For the years ended December 31,
                                                --------------------------------
                                             
                                                            2006
 EQ/Capital Guardian U. S. Equity
  Unit value                                             $ 13.20
  Number of units outstanding (000's)                        501
 EQ/Caywood-Scholl High Yield Bond
  Unit value                                             $  3.35
  Number of units outstanding (000's)                        966
 EQ/Davis New York Venture
  Unit value                                             $ 10.85
  Number of units outstanding (000's)                        406
 EQ/Equity 500 Index
  Unit value                                             $ 13.65
  Number of units outstanding (000's)                        553
 EQ/Evergreen International Bond
  Unit value                                             $  9.95
  Number of units outstanding (000's)                        316
 EQ/Evergreen Omega
  Unit value                                             $ 12.09
  Number of units outstanding (000's)                         81
 EQ/FI Mid Cap
  Unit value                                             $ 14.99
  Number of units outstanding (000's)                        587
 EQ/FI Mid Cap Value
  Unit value                                             $ 15.64
  Number of units outstanding (000's)                        506
 EQ/Franklin Income
  Unit value                                             $ 10.43
  Number of units outstanding (000's)                        828
 EQ/Franklin Small Cap Value
  Unit value                                             $ 10.82
  Number of units outstanding (000's)                        123
 EQ/GAMCO Mergers and Acquisitions
  Unit value                                             $ 11.43
  Number of units outstanding (000's)                        231
 EQ/GAMCO Small Company Value
  Unit value                                             $ 43.04
  Number of units outstanding (000's)                        156
 EQ/International Growth
  Unit value                                             $  6.33
  Number of units outstanding (000's)                        363
 EQ/Janus Large Cap Growth
  Unit value                                             $ 12.77
  Number of units outstanding (000's)                         80
 EQ/JPMorgan Core Bond
  Unit value                                             $ 10.84
  Number of units outstanding (000's)                      1,106
 EQ/JPMorgan Value Opportunities
  Unit value                                             $ 14.59
  Number of units outstanding (000's)                        104
 EQ/Legg Mason Value Equity
  Unit value                                             $ 11.22
  Number of units outstanding (000's)                        314



A-3 Appendix I: Condensed financial information






    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)
                                                For the years ended December 31,
                                                --------------------------------
                                             
                                                            2006
 EQ/Long Term Bond
  Unit value                                             $  7.67
  Number of units outstanding (000's)                        249
 EQ/Lord Abbett Growth and Income
  Unit value                                             $ 12.32
  Number of units outstanding (000's)                        291
 EQ/Lord Abbett Large Cap Core
  Unit value                                             $ 11.83
  Number of units outstanding (000's)                         92
 EQ/Lord Abbett Mid Cap Value
  Unit value                                             $ 12.50
  Number of units outstanding (000's)                        408
 EQ/Marsico Focus
  Unit value                                             $ 13.60
  Number of units outstanding (000's)                      1,416
 EQ/Mercury Basic Value Equity
  Unit value                                             $ 14.42
  Number of units outstanding (000's)                        385
 EQ/Mercury International Value
  Unit value                                             $ 18.04
  Number of units outstanding (000's)                        590
 EQ/MFS Emerging Growth Companies
  Unit value                                             $ 13.00
  Number of units outstanding (000's)                         58
 EQ/MFS Investors Trust
  Unit value                                             $ 13.69
  Number of units outstanding (000's)                         37
 EQ/Money Market
  Unit value                                             $ 10.24
  Number of units outstanding (000's)                        702
 EQ/Montag & Caldwell Growth
  Unit value                                             $  1.98
  Number of units outstanding (000's)                        449
 EQ/Mutual Shares
  Unit value                                             $ 10.71
  Number of units outstanding (000's)                        666
 EQ/Oppenheimer Global
  Unit value                                             $ 11.10
  Number of units outstanding (000's)                        158
 EQ/Oppenheimer Main Street Cap
  Unit value                                             $ 11.10
  Number of units outstanding (000's)                         96
 EQ/Oppenheimer Main Street Opportunity
  Unit value                                             $ 10.93
  Number of units outstanding (000's)                         35
 EQ/PIMCO Real Return
  Unit value                                             $  8.59
  Number of units outstanding (000's)                        841
 EQ/Short Duration Bond
  Unit value                                             $  9.87
  Number of units outstanding (000's)                        111



                                 Appendix I: Condensed financial information A-4






    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)
                                                For the years ended December 31,
                                                --------------------------------
                                             
                                                            2006
 EQ/Small Cap Value
  Unit value                                             $ 14.93
  Number of units outstanding (000's)                        327
 EQ/Small Company Growth
  Unit value                                             $  5.09
  Number of units outstanding (000's)                        574
 EQ/Small Company Index
  Unit value                                             $ 14.85
  Number of units outstanding (000's)                        370
 EQ/TCW Equity
  Unit value                                             $  6.37
  Number of units outstanding (000's)                        154
 EQ/Templeton Growth
  Unit value                                             $ 10.76
  Number of units outstanding (000's)                        526
 EQ/UBS Growth and Income
  Unit value                                             $  2.47
  Number of units outstanding (000's)                        473
 EQ/Van Kampen Comstock
  Unit value                                             $ 11.93
  Number of units outstanding (000's)                        664
 EQ/Van Kampen Emerging Markets Equity
  Unit value                                             $ 24.80
  Number of units outstanding (000's)                        625
 EQ/Van Kampen Mid Cap Growth
  Unit value                                             $ 13.35
  Number of units outstanding (000's)                        298
 EQ/Wells Fargo Montgomery Small Cap
  Unit value                                             $ 14.27
  Number of units outstanding (000's)                        173
 U.S. Real Estate -- Class II
  Unit value                                             $ 23.14
  Number of units outstanding (000's)                        450



A-5 Appendix I: Condensed financial information




Appendix II: Purchase considerations for QP contracts


- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an Accumulator(R) QP contract
should discuss with their tax advisors whether this is an appropriate investment
vehicle for the employer's plan. Trustees should consider whether the plan
provisions permit the investment of plan assets in the QP contract, the
distribution of such an annuity, the purchase of the Guaranteed minimum income
benefit and other guaranteed benefits, and the payment of death benefits in
accordance with the requirements of the federal income tax rules. The QP
contract and this Prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Accumulator(R) QP
contract or another annuity contract. Therefore, you should purchase an
Accumulator(R) QP contract to fund a plan for the contract's features and
benefits other than tax deferral after considering the relative costs and
benefits of annuity contracts and other types of arrangements and funding
vehicles.

We will not accept defined benefit plans. This QP contract accepts only transfer
contributions from other investments within an existing qualified plan trust. We
will not accept ongoing payroll contributions or other contributions from the
employer. For 401(k) plans, no employee after-tax contributions are accepted. A
"designated Roth contribution account" is not available in the QP contract.
Checks written on accounts held in the name of the employer instead of the plan
or the trustee will not be accepted. Only one additional transfer contribution
may be made per contract year. If amounts attributable to an excess or mistaken
contribution must be withdrawn, a withdrawal charge and/or market value
adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely responsible
for performing or providing for all such services. There is no loan feature
offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o  the QP contract may not be an appropriate purchase for participants
   approaching or over age 70-1/2;

o  provisions in the Treasury Regulations on required minimum distributions
   require that the actuarial present value of additional annuity contract
   benefits be added to the dollar amount credited for purposes of calculating
   required minimum distributions. This could increase the amounts required to
   be distributed;

o  the Guaranteed minimum income benefit may not be an appropriate feature for
   participants who are older than age 60-1/2 when the contract is issued; and


o  if the Guaranteed minimum income benefit is automatically exercised as a
   result of the no lapse guarantee, payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the plan
to engage in prohibited discrimination in contributions, benefits or otherwise.


                       Appendix II: Purchase considerations for QP contracts B-1




Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated on
February 15, 2007 to a fixed maturity option with a maturity date of February
15, 2015 (eight years later) at a hypothetical rate to maturity of 7.00%(h),
resulting in a maturity value of $171,882 on the maturity date. We further
assume that a withdrawal of $50,000, including any applicable withdrawal charge,
is made four years later on February 15, 2011(a)





- ------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                                ----------------------
                                                                                 5.00%        9.00%
- ------------------------------------------------------------------------------------------------------
                                                                                      
 As of February 15, 2011 before withdrawal
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- ------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- ------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- ------------------------------------------------------------------------------------------------------
    On February 15, 2011 after $50,000 withdrawal
(4) Portion of market value adjustment associated with the withdrawal:
    (3) x  [$50,000/(1)]                                                        $  3,637     $ (3,847)
- ------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- ------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- ------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- ------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- ------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:



(a)  Number of days from the withdrawal date to the maturity date = D = 1,461

(b)  Market adjusted amount is based on the
     following calculation:

     Maturity value                  $ 171,882
     ----------------        =    -----------------   where j is either 5% or 9%
     (1+j)((D/365))               (1+j)((1,461/365))

(c)  Fixed maturity amount is based on the following calculation:

     Maturity  value                 $ 171,882
     ----------------        =    --------------------
     (1+h)((D/365))               (1+0.07)((1,461/365))

(d)  Maturity value is based on the
     following calculation:

     Fixed maturity amount        $84,741 or $77,257
     ---------------------   =    ------------------
       (1+h)((D/365))             (1+0.07)((1,461/365))



C-1 Appendix III: Market value adjustment example




Appendix IV: Enhanced death benefit example


- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.

The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option or the fixed maturity
options), no additional contributions, no transfers, no withdrawals and no loans
under a Rollover TSA contract, the enhanced death benefit for an owner age 45
would be calculated as follows:




   End of
 contract                        6% Roll-Up to age 85     Annual Ratchet to age 85      GWBL Enhanced
   year        Account value    enhanced death benefit     enhanced death benefit      death benefit
- ---------      -------------    ----------------------    ------------------------      -------------
                                                                           
     1          $105,000            $  106,000(3)              $  105,000(1)           $  105,000(5)
     2          $115,500            $  112,360(3)              $  115,500(1)           $  115,500(5)
     3          $129,360            $  119,102(3)              $  129,360(1)           $  129,360(5)
     4          $103,488            $  126,248(4)              $  129,360(2)           $  135,828(6)
     5          $113,837            $  133,823(4)              $  129,360(2)           $  142,296(6)
     6          $127,497            $  141,852(4)              $  129,360(2)           $  148,764(6)
     7          $127,497            $  150,363(4)              $  129,360(2)           $  155,232(6)



The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%. We
are using these rates solely to illustrate how the benefit is determined. The
return rates bear no relationship to past or future investment results.

ANNUAL RATCHET TO AGE 85

(1) At the end of contract years 1 through 3, the enhanced death benefit is the
    current account value.

(2) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to or
    higher than the current account value.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.

(3) At the end of contract years 2 and 3, the death benefit will be the current
    account value.

(4) At the end of contract years 1 and 4 through 7, the death benefit will be
    the enhanced death benefit.


GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.


(5) At the end of contract years 1 through 3, the death benefit is the current
    account value.

(6) At the end of contract years 4 through 7, the death benefit is the enhanced
    death benefit.


                                 Appendix IV: Enhanced death benefit example D-1




Appendix V: Hypothetical illustrations


- --------------------------------------------------------------------------------


ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
BENEFITS

The following tables illustrate the changes in account value, cash value and the
values of the "Greater of 6% Roll-Up to Age 85 or the Annual Ratchet to age 85"
Guaranteed minimum death benefit, the Earnings enhancement benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) contract. The table illustrates the operation of a contract
based on a male, issue age 60, who makes a single $100,000 contribution and
takes no withdrawals. The amounts shown are for the beginning of each contract
year and assume that all of the account value is invested in portfolios that
achieve investment returns at constant gross annual rates of 0% and 6% (i.e.,
before any investment management fees, 12b-1 fees or other expenses are deducted
from the underlying portfolio assets). After the deduction of the arithmetic
average of the investment management fees, 12b-1 fees and other expenses of all
of the underlying Portfolios (as described below), the corresponding net annual
rates of return would be (2.61)%, 3.39% for the Accumulator(R) contract, at the
0% and 6% gross annual rates, respectively. These net annual rates of return
reflect the trust and separate account level charges but they do not reflect the
charges we deduct from your account value annually for the optional Guaranteed
minimum death benefit, the Earnings enhancement benefit and the Guaranteed
minimum income benefit features, as well as the annual administrative charge. If
the net annual rates of return did reflect these charges, the net annual rates
of return would be lower; however, the values shown in the following tables
reflect the following contract charges: the Greater of 6% Roll-Up to age 85 and
Annual Ratchet to age 85 Guaranteed minimum death benefit charge, the Earnings
enhancement benefit charge, the Guaranteed minimum income benefit charge and any
applicable administrative charge and withdrawal charge. The values shown under
"Lifetime annual guaranteed minimum income benefit" reflect the lifetime income
that would be guaranteed if the Guaranteed minimum income benefit is selected at
that contract date anniversary. An "N/A" in these columns indicates that the
benefit is not exercisable in that year. A "0" under any of the death benefit
and/or "Lifetime annual guaranteed minimum income benefit" columns indicates
that the contract has terminated due to insufficient account value. However, the
Guaranteed minimum income benefit has been automatically exercised and the owner
is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed average
asset charge for all other expenses of the underlying portfolios equivalent to
an effective annual rate of 0.37% and (3) 12b-1 fees equivalent to an effective
annual rate of 0.25%. These rates are the arithmetic average for all portfolios
that are available as investment options. In other words, they are based on the
hypothetical assumption that account values are allocated equally among the
variable investment options. The actual rates associated with any contract will
vary depending upon the actual allocation of policy values among the investment
options. These rates do not reflect expense limitation arrangements in effect
with respect to certain of the underlying portfolios as described in the
footnotes to the fee table for the underlying portfolios in "Fee Table" earlier
in this Prospectus. With these arrangements, the charges shown above would be
lower. This would result in higher values than those shown in the following
tables.

Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.


E-1 Appendix V: Hypothetical illustrations




Variable deferred annuity
Accumulator(R)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 Guaranteed minimum
  death benefit

Earnings enhancement benefit
Guaranteed minimum income benefit



                                                         Greater of 6%
                                                         Roll-Up to age                                 Lifetime Annual
                                                          85 or Annual                         Guaranteed Minimum Income Benefit
                                                         Ratchet to age                        ----------------------------------
                                                          85 Guaranteed    Total Death Benefit
                                                          Minimum Death     with the Earnings     Guaranteed       Hypothetical
                   Account Value        Cash Value           Benefit       enhancement benefit      Income            Income
       Contract  ------------------ ------------------ ------------------- ------------------- ----------------- -----------------
 Age     Year       0%        6%       0%        6%        0%        6%        0%         6%       0%       6%       0%       6%
- ----- ---------  -------- --------- -------- --------- --------   -------- --------    ------- -------- -------- -------- --------
                                                                                   
 60        1     100,000  100,000    93,000    93,000   100,000    100,000  100,000    100,000     N/A      N/A      N/A      N/A
 61        2      95,724  101,703    88,724    94,703   106,000    106,000  108,400    108,400     N/A      N/A      N/A      N/A
 62        3      91,495  103,378    85,495    97,378   112,360    112,360  117,304    117,304     N/A      N/A      N/A      N/A
 63        4      87,306  105,020    81,306    99,020   119,102    119,102  126,742    126,742     N/A      N/A      N/A      N/A
 64        5      83,152  106,622    78,152   101,622   126,248    126,248  136,747    136,747     N/A      N/A      N/A      N/A
 65        6      79,025  108,178    76,025   105,178   133,823    133,823  147,352    147,352     N/A      N/A      N/A      N/A
 66        7      74,920  109,681    73,920   108,681   141,852    141,852  158,593    158,593     N/A      N/A      N/A      N/A
 67        8      70,830  111,122    70,830   111,122   150,363    150,363  170,508    170,508     N/A      N/A      N/A      N/A
 68        9      66,748  112,495    66,748   112,495   159,385    159,385  183,139    183,139     N/A      N/A      N/A      N/A
 69       10      62,666  113,790    62,666   113,790   168,948    168,948  196,527    196,527     N/A      N/A      N/A      N/A
 74       15      41,953  118,733    41,953   118,733   226,090    226,090  276,527    276,527  14,266   14,266   14,266   14,266
 79       20      20,002  119,954    20,002   119,954   302,560    302,560  383,584    383,584  20,393   20,393   20,393   20,393
 84       25           0  115,323         0   115,323         0    404,893        0    493,179  34,821   34,821   34,821   34,821
 89       30           0  117,051         0   117,051         0    429,187        0    517,472     N/A      N/A      N/A      N/A
 94       35           0  122,200         0   122,200         0    429,187        0    517,472     N/A      N/A      N/A      N/A
 95       36           0  123,326         0   123,326         0    429,187        0    517,472     N/A      N/A      N/A      N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for individual
contract years. We can make no representation that these hypothetical investment
results can be achieved for any one year or continued over any period of time.
In fact, for any given period of time, the investment results could be negative.

                                      Appendix V: Hypothetical illustrations E-2




Appendix VI: Earnings enhancement benefit example


- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes the
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:


                                                                                       
                                                                No Withdrawal   $3000 withdrawal   $6000 withdrawal
A   Initial contribution                                           100,000           100,000            100,000
B   Death benefit: prior to withdrawal.*                           104,000           104,000            104,000
    Earnings enhancement benefit earnings: death
    benefit less net contributions (prior to the withdrawal in
C                                                                   4,000             4,000              4,000
    D).
    B minus A.
D   Withdrawal                                                        0               3,000              6,000
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                      0                 0                2,000
    greater of D minus C or zero
    Net contributions (adjusted for the withdrawal in D)
F                                                                  100,000           100,000            98,000
    A minus E
    Death benefit (adjusted for the withdrawal in D)
G                                                                  104,000           101,000            98,000
    B minus D
    Death benefit less net contributions
H                                                                   4,000             1,000                0
    G minus F
I   Earnings enhancement benefit factor                              40%               40%                40%
    Earnings enhancement benefit
J                                                                   1,600              400                 0
    H times I
    Death benefit: including Earnings enhancement benefit
K                                                                  105,600           101,400            98,000
    G plus J


* The death benefit is the greater of the account value or any applicable death
benefit.

F-1 Appendix VI: Earnings enhancement benefit example




Appendix VII: State contract availability and/or variations of certain features
and benefits


- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
contract or certain features and/or benefits are either not available as of the
date of this Prospectus or vary from the contract's features and benefits as
previously described in this Prospectus.


STATES WHERE CERTAIN ACCUMULATOR(R) FEATURES AND/OR BENEFITS ARE NOT AVAILABLE
OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:





 State          Features and Benefits
            
CALIFORNIA     See "Contract features and benefits"--"Your right to can-
               cel within a certain number of days"
PENNSYLVANIA   See "Disability, terminal illness, or confinement to nursing
               home" under "Withdrawal charge" in "Charges and expenses"
               Required disclosure for Pennsylvania customers
PUERTO RICO    IRA, Roth IRA, Inherited IRA, QP and Rollover TSA contracts
               Beneficiary continuation option (IRA)
TEXAS          See "Charges that AXA Equitable deducts" under "Annual
               administrative charge" in "Charges and expenses"


 State          Availability or Variation
            
CALIFORNIA     If you reside in the state of California and you are age 60
               and older at the time the contract is issued, you may return
               your variable annuity contract within 30 days from the date
               that you receive it and receive a refund as described below.
               If you allocate your entire initial contribution to the
               EQ/Money Market option (and/or guaranteed interest
               option, if available), the amount of your refund will be equal
               to your contribution less interest, unless you make a trans-
               fer, in which case the amount of your refund will be equal to
               your account value on the date we receive your request to
               cancel at our processing office. This amount could be less
               than your initial contribution. If the Principal guarantee ben-
               efit or Guaranteed withdrawal benefit for life is elected, the
               investment allocation during the 30 day free look period is
               limited to the guaranteed interest option. If you allocate any
               portion of your initial contribution to the variable invest-
               ment options (other than the EQ/Money Market option)
               and/or fixed maturity options, your refund will be equal to
               your account value on the date we receive your request to
               cancel at our processing office.
PENNSYLVANIA   Item (iii) under this section is deleted in its entirety
               Any person who knowingly and with intent to defraud any
               insurance company or other person files an application for
               insurance or statement of claim containing any materially
               false information or conceals for the purpose of misleading,
               information concerning any fact material thereto commits a
               fraudulent insurance act, which is a crime and subjects such
               person to criminal and civil penalties.
PUERTO RICO    Not Available
               Not Available
TEXAS          o We will deduct the annual administrative charge, on a pro rata
               basis, only from your value in the variable invest- ment options.
               We will not deduct this charge from your value in the guaranteed
               interest option.



                                Appendix VII: State contract availability and/or
                                 variations of certain features and benefits G-1






 State        Features and Benefits
          
WASHINGTON   Guaranteed interest option

             Investment simplifier -- Fixed-dollar option and Interest sweep
             option

             Fixed maturity options

             Income Manager(SM) payout option

             Earnings enhancement benefit

             Special dollar cost averaging program

             See "Guaranteed minimum death benefit/Guaranteed minimum income
             benefit roll-up benefit benefit base reset" in "Contract features
             and benefits"

             See "Guaranteed minimum death benefit" in "Contract
             features and benefits"

             See "Annual administrative charge" in "Charges and expenses"

             See "Withdrawal charge" in "Charges and expenses"

             See "Withdrawal charge" in "Charges and expenses" under
             "Disability, terminal illness, or confinement to nursing home"


 State       Availability or Variation
          
WASHINGTON   Not Available

             Not Available

             Not Available

             Not Available

             Not Available

             o Available only at issue

             o Subsequent contributions cannot be used to elect new programs.
               You may make subsequent contributions to the initial programs while
               they are still running.

             Your "Greater of 4% Roll-Up to Age 85 or
             Annual Ratchet to age 85 enhanced death benefit" benefit base will
             reset only if your account value is greater than your Guaranteed
             minimum income benefit base.

             You have a choice of the standard death benefit, the Annual Ratchet
             to age 85 enhanced death benefit, or the Greater of 4% Roll-Up to
             age 85 or Annual Ratchet to age 85 enhanced death benefit.

             The annual administrative charge will be deducted from the value in
             the variable investment options on a pro rata basis.

             The 10% free withdrawal amount applies to full surrenders.

             The annuitant has qualified to receive Social Security disability
             benefits as certified by the Social Security Administration or a
             statement from an independent U.S. licensed physician stating that
             the annuitant meets the definition of total dis- ability for at
             least 6 continuous months prior to the notice of claim. Such
             disability must be re-certified every 12 months.



G-2 Appendix VII: State contract availability and/or variations of certain
features and benefits



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                            Page


Who is AXA Equitable?                                                        2

Unit Values                                                                  2
Custodian and Independent Registered Public Accounting Firm                  2
Distribution of the Contracts                                                2

Financial Statements                                                         3


How to Obtain an Accumulator(R) Statement of Additional Information for
Separate Account No. 49

Send this request form to:
 Accumulator(R)
 P.O. Box 1547
 Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------

Please send me an Accumulator(R) SAI for Separate Account No. 49 dated May 1,
2007.


- --------------------------------------------------------------------------------
Name:

- --------------------------------------------------------------------------------
Address:

- --------------------------------------------------------------------------------
City           State    Zip


                            Core '02, OR, '04, '06, Jumpstart '07 and '07 Series
                                                                          X01479




Accumulator(R)
A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS ACCUMULATOR(R)?



Accumulator(R) is a deferred annuity contract issued by AXA Equitable Life
Insurance Company. It provides for the accumulation of retirement savings and
for income. The contract offers income and death benefit protection. It also
offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option, fixed maturity options, or the account for special
dollar cost averaging ("investment options"). This contract may not currently
be available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond       Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------

(1)  The "AXA Allocation" portfolios.

*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name. ** This investment option will be
     available on or about May 29, 2007, subject to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.

You may also allocate amounts to the guaranteed interest option, the fixed
maturity options, and the account for special dollar cost averaging, which are
discussed later in this Prospectus. If you elect the Guaranteed withdrawal
benefit for life or a Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and certain permitted variable investment option(s). The
permitted variable investment options are described later in this Prospectus.


TYPES OF CONTRACTS. We offer the contracts for use as:

o    A nonqualified annuity ("NQ") for after-tax contributions only.

o    An individual retirement annuity ("IRA"), either traditional IRA or Roth
     IRA.

     We offer two versions of the traditional IRA: "Rollover IRA" and "Flexible
     Premium IRA." We also offer two versions of the Roth IRA: "Roth Conversion
     IRA" and "Flexible Premium Roth IRA."


o    Traditional and Roth Inherited IRA beneficiary continuation contract
     ("Inherited IRA")(direct transfer and specified direct rollover
     contributions only).

o    An annuity that is an investment vehicle for a qualified defined
     contribution plan ("QP") (Rollover and direct transfer contributions only).

o    An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
     ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $5,000 is required to purchase an NQ, Rollover IRA,
Roth Conversion IRA, Inherited IRA, QP, or Rollover TSA contract. For Flexible
Premium IRA and Flexible Premium Roth IRA contracts, we require a contribution
of $4,000 to purchase a contract.

The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.

                                        X01461/Jumpstart '07 Series/new biz only
                                                                        (R-4/15)





Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.





Contents of this Prospectus
- --------------------------------------------------------------------------------

ACCUMULATOR(R)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               5
Who is AXA Equitable?                                                        7
How to reach us                                                              8
Accumulator(R) at a glance -- key features                                  10


- --------------------------------------------------------------------------------
FEE TABLE                                                                   12
- --------------------------------------------------------------------------------
Example                                                                     16
Condensed financial information                                             21


- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           22
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        22
Owner and annuitant requirements                                            29
How you can make your contributions                                         29
What are your investment options under the contract?                        29
Portfolios of the Trusts                                                    31
Allocating your contributions                                               37
Guaranteed minimum death benefit and
     Guaranteed minimum income benefit base                                 39
Annuity purchase factors                                                    40
Guaranteed minimum income benefit option                                    40
Guaranteed minimum death benefit                                            43
Guaranteed withdrawal benefit for life ("GWBL")                             44
Principal guarantee benefits                                                48
Inherited IRA beneficiary continuation contract                             48
Your right to cancel within a certain number of days                        49


- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        51
- --------------------------------------------------------------------------------
Your account value and cash value                                           51
Your contract's value in the variable investment options                    51
Your contract's value in the guaranteed interest option                     51
Your contract's value in the fixed maturity options                         51
Your contract's value in the account for special dollar
     cost averaging                                                         51
Insufficient account value                                                  51


- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
Prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.


                                                  Contents of this Prospectus  3




- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS                         53
- --------------------------------------------------------------------------------
Transferring your account value                                             53
Disruptive transfer activity                                                53
Rebalancing your account value                                              54


- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     56
- --------------------------------------------------------------------------------
Withdrawing your account value                                              56
How withdrawals are taken from your account value                           58
How withdrawals affect your Guaranteed minimum
     income benefit, Guaranteed minimum death benefit
     and Principal guarantee benefits                                       58
How withdrawals affect your GWBL and GWBL Guaranteed
     minimum death benefit                                                  58
Withdrawals treated as surrenders                                           59
Loans under Rollover TSA contracts                                          59
Surrendering your contract to receive its cash value                        60
When to expect payments                                                     60
Your annuity payout options                                                 60


- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     63
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          63
Charges that the Trusts deduct                                              66
Group or sponsored arrangements                                             66
Other distribution arrangements                                             67


- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 68
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     68
Beneficiary continuation option                                             70


- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          72
- --------------------------------------------------------------------------------
Overview                                                                    72
Buying a contract to fund a retirement arrangement                          72
Transfers among investment options                                          72
Taxation of nonqualified annuities                                          72
Individual retirement arrangements (IRAs)                                   74
Tax-sheltered annuity contracts (TSAs)                                      84
Federal and state income tax withholding and
     information reporting                                                  88
Special rules for contracts funding qualified plans                         89
Impact of taxes to AXA Equitable                                            89


- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         90
- --------------------------------------------------------------------------------
About Separate Account No. 49                                               90
About the Trusts                                                            90
About our fixed maturity options                                            90
About the general account                                                   91
About other methods of payment                                              92
Dates and prices at which contract events occur                             92
About your voting rights                                                    93
About legal proceedings                                                     93
Financial statements                                                        93
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          93
About Custodial IRAs                                                        94

Distribution of the contracts                                               94


- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS
     BY REFERENCE                                                           96
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------

APPENDICES
- --------------------------------------------------------------------------------
 I   -- Condensed financial information                                     A-1
 II  -- Purchase considerations for QP contracts                            B-1
 III -- Market value adjustment example                                     C-1
 IV  -- Enhanced death benefit example                                      D-1
 V   -- Hypothetical illustrations                                          E-1
 VI  -- Earnings enhancement benefit example                                F-1
VII  -- State contract availability and/or variations of certain
          features and benefits                                             G-1


- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

4  Contents of this Prospectus



Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.


                                                                 Page
   6% Roll-Up to age 85                                            39
   account for special dollar cost averaging                       37
   account value                                                   51
   administrative charge                                           63
   annual administrative charge                                    63
   Annual Ratchet to age 85 enhanced death benefit                 39
   annuitant                                                       22
   annuitization                                                   60
   annuity maturity date                                           62
   annuity payout options                                          60
   annuity purchase factors                                        40
   automatic investment program                                    92
   AXA Allocation portfolios                                    cover
   beneficiary                                                     68
   Beneficiary continuation option ("BCO")                         70
   benefit base                                                    45
   business day                                                    92
   cash value                                                      51
   charges for state premium and other applicable taxes            66
   contract date                                                   29
   contract date anniversary                                       29
   contract year                                                   29
   contributions to Roth IRAs                                      81
      regular contributions                                        81
      rollovers and transfers   81
      conversion contributions                                     82
   contributions to traditional IRAs                               75
      regular contributions                                        75
      rollovers and transfers   77
   disability, terminal illness or confinement to nursing home     64
   disruptive transfer activity                                    53
   Distribution Charge                                             63
   Earnings enhancement benefit                                    43
   Earnings enhancement benefit charge                             66
   EQAccess                                                         8
   ERISA                                                           59
   Fixed-dollar option                                             38
   fixed maturity options                                          36
   Flexible Premium IRA                                         cover
   Flexible Premium Roth IRA                                    cover
   free look                                                       49
   free withdrawal amount                                          64
   general account                                                 91
   General dollar cost averaging                                   38
   guaranteed interest option                                      36
   Guaranteed minimum death benefit                                40
   Guaranteed minimum death benefit/Guaranteed
      minimum income benefit roll-up benefit
      base reset option                                            40

                                                                 Page
   Guaranteed minimum income benefit                               40
   Guaranteed minimum income benefit charge                        65
   Guaranteed minimum income benefit "no lapse guarantee"          43
   Guaranteed withdrawal benefit for life                          44
   Guaranteed withdrawal benefit for life charge                   66
   IRA                                                          cover
   IRS                                                             72
   Inherited IRA                                                cover
   Investment simplifier                                           38
   investment options                                           cover
   lifetime required minimum distribution withdrawals              57
   loan reserve account                                            59
   loans under Rollover TSA                                        59
   market adjusted amount                                          36
   market value adjustment                                         36
   market timing                                                   53
   maturity dates                                                  36
   maturity value                                                  36
   Mortality and expense risks charge                              63
   NQ                                                           cover
   partial withdrawals                                             56
   permitted variable investment options                           29
   portfolio                                                    cover
   Principal guarantee benefits                                    48
   processing office                                                8
   QP                                                           cover
   rate to maturity                                                36
   Rebalancing                                                     54
   Rollover IRA                                                 cover
   Rollover TSA                                                 cover
   Roth Conversion IRA                                          cover
   Roth IRA                                                     cover
   SAI                                                          cover
   SEC                                                          cover
   self-directed allocation                                        37
   Separate Account No. 49                                         90
   special dollar cost averaging                                   37
   standard death benefit                                          39
   substantially equal withdrawals                                 57
   Spousal continuation                                            69
   systematic withdrawals                                          57
   TOPS                                                             8
   TSA                                                          cover
   traditional IRA                                              cover
   Trusts                                                          90
   unit                                                            51
   variable investment options                                     29
   wire transmittals and electronic applications                   92
   withdrawal charge                                               64



                                               Index of key words and phrases  5




To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract.





- ----------------------------------------------------------------------------------------
  Prospectus                               Contract or Supplemental Materials
- ----------------------------------------------------------------------------------------
                                        
  fixed maturity options                   Guarantee Periods (Guaranteed Fixed
                                           Interest Accounts in supplemental materials)
  variable investment options              Investment Funds
  account value                            Annuity Account Value
  rate to maturity                         Guaranteed Rates
  unit                                     Accumulation Unit
  Guaranteed minimum death benefit         Guaranteed death benefit
  Guaranteed minimum income benefit        Guaranteed Income Benefit
  Guaranteed interest option               Guaranteed Interest Account
  Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
  GWBL benefit base                        Guaranteed withdrawal benefit for life
                                           benefit base
  Guaranteed annual withdrawal amount      Guaranteed withdrawal benefit for life Annual
                                           withdrawal amount
  GWBL Excess withdrawal                   Guaranteed withdrawal benefit for life Excess
                                           withdrawal
- ----------------------------------------------------------------------------------------



6 Index of key words and phrases



Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


                                                        Who is AXA Equitable?  7



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R)
P.O. Box 13014
Newark, NJ 07188-0014


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS
 DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o written confirmation of financial transactions;

o statement of your contract values at the close of each calendar year, and any
  calendar quarter in which there was a financial transaction; and


o annual statement of your contract values as of the close of the contract year,
  including notification of eligibility to exercise the Guaranteed minimum
  income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o your current account value;

o your current allocation percentages;

o the number of units you have in the variable investment options;

o rates to maturity for the fixed maturity options;

o the daily unit values for the variable investment options; and

o performance information regarding the variable investment options (not
  available through TOPS).

You can also:

o change your allocation percentages and/or transfer among the investment
  options;

o elect to receive certain contract statements electronically;

o change your address (not available through TOPS);

o change your TOPS personal identification number ("PIN") (through TOPS only)
  and your EQAccess password (through EQAccess only); and

o access Frequently Asked Questions and Service Forms (not available through
  TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.

8  Who is AXA Equitable?



WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA or Flexible
     Premium Roth IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts and
     contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;


(14) requests to reset your Roll-Up benefit base (for contracts that have both
     the Guaranteed minimum income benefit and the Greater of 6% Roll-Up to age
     85 or Annual Ratchet to age 85 enhanced death benefit);


(15) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(16) death claims;

(17) change in ownership (NQ only);

(18) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL"); and

(19) requests to reset the guaranteed minimum value for contracts with a
     Principal guarantee benefit.

WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6) special dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  special dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners, both must sign.


                                                        Who is AXA Equitable?  9



Accumulator(R) at a glance -- key features

- --------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                          
Professional investment     Accumulator's(R) variable investment options invest in different portfolios managed by professional
management                  investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options      o Fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years (subject to
                              availability).

                            o Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                              maturity.
                            --------------------------------------------------------------------------------------------------------
                            If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a
                            market value adjustment due to differences in interest rates. If you withdraw or transfer only a portion
                            of a fixed maturity amount, this may increase or decrease any value that you have left in that fixed
                            maturity option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest         o Principal and interest guarantees.
option
                            o Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
Account for special dollar  Available for dollar cost averaging all or a portion of any eligible contribution to your contract.
cost averaging
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations          o No tax on earnings inside the contract until you make withdrawals from your contract or receive
                              annuity payments.
                            --------------------------------------------------------------------------------------------------------
                            o No tax on transfers among investment options inside the contract.
                            --------------------------------------------------------------------------------------------------------
                            If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax Sheltered
                            Annuity (TSA), or to fund an employer retirement plan (QP or Qualified Plan), you should be aware that
                            such annuities do not provide tax deferral benefits beyond those already provided by the Internal
                            Revenue Code. Before purchasing one of these annuities, you should consider whether its features and
                            benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative
                            features, benefits and costs of these annuities compared with any other investment that you may use in
                            connection with your retirement plan or arrangement. Depending on your personal situation, the
                            contract's guaranteed benefits may have limited usefulness because of required minimum distributions
                            ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum          The Guaranteed minimum income benefit provides income protection for you during your life once you elect
income benefit              to annuitize the contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal       The Guaranteed withdrawal benefit for life option ("GWBL") guarantees that you can take withdrawals of
benefit for life            up to a maximum amount each contract year (your "Guaranteed annual withdrawal amount") beginning at age
                            45 or later.

                            Withdrawals are taken from your account value and continue during your lifetime even if your account
                            value falls to zero (unless it is caused by a withdrawal that exceeds your Guaranteed annual withdrawal
                            amount).
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts        o NQ, Rollover IRA, Roth Conversion IRA, Inherited IRA, QP and Rollover TSA contracts
                               o Initial minimum:      $5,000

                               o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                       $100 monthly and $300 quarterly under our automatic investment program
                                                       (NQ contracts)
                                                       $50 (IRA contracts)
                                                       $1000 (Inherited IRA contracts)
                            --------------------------------------------------------------------------------------------------------
                            o Flexible Premium IRA and Flexible Premium Roth IRA contracts
                               o Initial minimum:      $4,000

                               o Additional minimum:   $   50
                                 $50 under our automatic investment program (subject to tax maximum)
                            --------------------------------------------------------------------------------------------------------
                            Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                            ($500,000 for owners or annuitants who are age 81 and older at contract issue unless you elect GWBL)
                            under all Accumulator(R) series contracts with the same owner or annuitant. We reserve the right to
                            limit aggregate contributions made after the first contract year to 150% of first-year contributions.
                            See "How you can purchase and contribute to your contract" in "Contract features and benefits" later in
                            this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------



10 Accumulator(R) at a glance -- key features





- ------------------------------------------------------------------------------------------------------------------------------------
                         
Access to your money        o Partial withdrawals

                            o Several withdrawal options on a periodic basis

                            o Loans under Rollover TSA contracts

                            o Contract surrender

                            o Maximum payment plan (only under contracts with GWBL)

                            o Customized payment plan (only under contracts with GWBL)

                            You may incur a withdrawal charge for certain withdrawals or if you surrender your contract. You may
                            also incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional
                            benefits.
- ------------------------------------------------------------------------------------------------------------------------------------
Payout options              o Fixed annuity payout options

                            o Variable Immediate Annuity payout options (described in a separate prospectus for that option)

                            o Income Manager(SM) payout options (described in a separate prospectus for that option)
- ------------------------------------------------------------------------------------------------------------------------------------
Additional features         o Guaranteed minimum death benefit options

                            o Principal guarantee benefits

                            o Dollar cost averaging

                            o Automatic investment program

                            o Account value rebalancing (quarterly, semiannually, and annually)

                            o Free transfers

                            o Waiver of withdrawal charge for certain withdrawals, disability, terminal illness, or confinement to a
                              nursing home

                            o Earnings enhancement benefit, an optional death benefit available under certain contracts

                            o Spousal continuation

                            o Beneficiary continuation option

                            o Guaranteed minimum death benefit/Guaranteed minimum income benefit roll-up benefit base reset
- ------------------------------------------------------------------------------------------------------------------------------------
Fees and charges            Please see "Fee table" later in this section for complete details.
- ------------------------------------------------------------------------------------------------------------------------------------
Owner and annuitant issue   NQ: 0-85
ages                        Rollover IRA, Roth Conversion IRA, Flexible Premium Roth IRA and Rollover TSA: 20-85
                            Flexible Premium IRA: 20-70
                            Inherited IRA: 0-70
                            QP: 20-75
- ------------------------------------------------------------------------------------------------------------------------------------




The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.

OTHER CONTRACTS

We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


                                   Accumulator(R) at a glance -- key features 11



Fee table

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your
cash value to certain payout options or if you purchase a Variable Immediate
Annuity payout option. Charges designed to approximate certain taxes that may
be imposed on us, such as premium taxes in your state, may also apply.



- --------------------------------------------------------------------------------
Charges we deduct from your account value at the time you request certain
transactions
- --------------------------------------------------------------------------------

Maximum withdrawal charge as a percentage of contributions
with- drawn (deducted if you surrender your contract or make
certain withdrawals or apply your cash value to certain
payout options).(1)                                                        7.00%

Charge if you elect a variable payout option upon
annuitization (which is described in a separate prospectus
for that option)                                                           $350
- --------------------------------------------------------------------------------
The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the underlying trust
portfolio fees and expenses.
- --------------------------------------------------------------------------------
Charges we deduct from your account value on each contract date anniversary
- --------------------------------------------------------------------------------
Maximum annual administrative charge(2)
     If your account value on a contract date anniversary is
     less than $ 50,000(3)                                                 $30

     If your account value on a contract date anniversary is
     $50,000 or more                                                       $0
- --------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual
percentage of daily net assets
- --------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:

Mortality and expense risks                                                0.80%
Administrative                                                             0.30%
Distribution                                                               0.20%
                                                                           ----
Total Separate account annual expenses                                     1.30%
- --------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect any of the
following optional benefits
- --------------------------------------------------------------------------------

Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted
annually(2) on each contract date anniversary for which the
benefit is in effect).
     Standard death benefit and GWBL Standard death benefit                0.00%

     Annual Ratchet to age 85                                              0.25%

     Greater of 6% Roll-Up to age 85 or Annual Ratchet to
     age 85                                                                0.65%

     GWBL Enhanced death benefit                                           0.30%
- --------------------------------------------------------------------------------

Principal guarantee benefits charge (calculated as a
percentage of the account value. Deducted annually(2) on
each contract date anniversary for which the benefit is in
effect)

     100% Principal guarantee benefit                                      0.50%

     125% Principal guarantee benefit                                      0.75%
- --------------------------------------------------------------------------------


12 Fee table





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Guaranteed minimum income benefit charge (calculated as a                                  0.65%
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect)
- ------------------------------------------------------------------------------------------------------------------------------------
Earnings enhancement benefit charge (calculated as a percent-
age of the account value. Deducted annually(2) on each contract date
anniversary for which the benefit is in effect)                                            0.35%
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal benefit for life benefit charge (calculated as a                     0.60% for the Single Life option
percentage of the GWBL benefit base. Deducted annually(2) on each contract date            0.75% for the Joint Life option
anniversary).

If your GWBL benefit base ratchets, we reserve the right to increase your charge           0.75% for the Single Life option
up to:                                                                                     0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life" in "Contract features and benefits" for more information about this feature,
including its benefit base and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life benefit charge" in "Charges
and expenses," both later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Net loan interest charge - Rollover TSA contracts only (calculated and deducted
daily as a percentage of the outstanding loan amount)                                      2.00%(4)
- ------------------------------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.



- ------------------------------------------------------------------------------------------------------------------------------------
 Portfolio operating expenses expressed as an annual percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted             Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees,                 ------     -------
and/or other expenses)(5)                                                                  0.63%      3.15%



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                       Acquired
                                                                         Fund       Total
                                                                       Fees and     Annual                   Net Total
                                                                       Expenses    Expenses    Fee Waiv-      Annual
                                                                       (Underly-    (Before   ers and/or     Expenses
                                     Manage-                              ing       Expense     Expense       (After
                                      ment     12b-1       Other        Portfo-     Limita-   Reimburse-     Expense
Portfolio Name                       Fees(6)   Fees(7)   Expenses(8)    lios)(9)    tions)     ments(10)   Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation             0.10%      0.25%     0.18%         0.91%       1.44%      (0.18)%      1.26%
AXA Conservative Allocation           0.10%      0.25%     0.22%         0.67%       1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation      0.10%      0.25%     0.18%         0.72%       1.25%      (0.18)%      1.07%
AXA Moderate Allocation               0.10%      0.25%     0.17%         0.78%       1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation          0.10%      0.25%     0.17%         0.85%       1.37%      (0.17)%      1.20%
Multimanager Aggressive Equity *      0.61%      0.25%     0.19%           --        1.05%         --        1.05%
Multimanager Core Bond*               0.59%      0.25%     0.18%           --        1.02%      (0.07)%      0.95%
Multimanager Health Care*             1.20%      0.25%     0.23%           --        1.68%       0.00%       1.68%
Multimanager High Yield*              0.58%      0.25%     0.18%           --        1.01%         --        1.01%
Multimanager International Equity*    1.02%      0.25%     0.26%           --        1.53%       0.00%       1.53%
Multimanager Large Cap Core Equity*   0.90%      0.25%     0.20%           --        1.35%       0.00%       1.35%
Multimanager Large Cap Growth*        0.90%      0.25%     0.22%           --        1.37%      (0.02)%      1.35%
Multimanager Large Cap Value*         0.88%      0.25%     0.22%           --        1.35%       0.00%       1.35%
Multimanager Mid Cap Growth*          1.10%      0.25%     0.20%         0.01%       1.56%       0.00%       1.56%
Multimanager Mid Cap Value*           1.10%      0.25%     0.21%         0.03%       1.59%       0.00%       1.59%
Multimanager Technology *             1.20%      0.25%     0.23%           --        1.68%       0.00%       1.68%
- ------------------------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 13



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                      Acquired
                                                                                        Fund      Total
                                                                                      Fees and    Annual                 Net Total
                                                                                      Expenses   Expenses    Fee Waiv-    Annual
                                                                                      (Underly-  (Before    ers and/or   Expenses
                                                         Manage-             Other       ing      Expense     Expense     (After
                                                          ment     12b-1    Expenses   Portfo-    Limita-    Reimburse-   Expense
 Portfolio Name                                          Fees(6)   ees(7)     (8)      lios)(9)    tions)     ments(10) Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                     
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%     0.25%    0.13%       --        0.85%         --       0.85%
EQ/AllianceBernstein Growth and Income++                  0.56%     0.25%    0.12%       --        0.93%         --       0.93%
EQ/AllianceBernstein Intermediate Government Securities   0.50%     0.25%    0.14%       --        0.89%         --       0.89%
EQ/AllianceBernstein International                        0.71%     0.25%    0.20%       --        1.16%      (0.06)%     1.10%
EQ/AllianceBernstein Large Cap Growth                     0.90%     0.25%    0.11%       --        1.26%      (0.21)%     1.05%
EQ/AllianceBernstein Quality Bond                         0.50%     0.25%    0.14%       --        0.89%         --       0.89%
EQ/AllianceBernstein Small Cap Growth                     0.74%     0.25%    0.13%       --        1.12%         --       1.12%
EQ/AllianceBernstein Value                                0.60%     0.25%    0.13%       --        0.98%      (0.03)%     0.95%
EQ/Ariel Appreciation II                                  0.75%     0.25%    0.51%       --        1.51%      (0.36)%     1.15%
EQ/AXA Rosenberg Value Long/Short Equity                  1.40%     0.25%    1.44%       --        3.09%      (1.10)%     1.99%
EQ/BlackRock Basic Value Equity*                          0.55%     0.25%    0.14%       --        0.94%       0.00%      0.94%
EQ/BlackRock International Value*                         0.82%     0.25%    0.21%       --        1.28%      (0.03)%     1.25%
EQ/Boston Advisors Equity Income                          0.75%     0.25%    0.15%       --        1.15%      (0.10)%     1.05%
EQ/Calvert Socially Responsible                           0.65%     0.25%    0.25%       --        1.15%      (0.10)%     1.05%
EQ/Capital Guardian Growth                                0.65%     0.25%    0.16%       --        1.06%      (0.11)%     0.95%
EQ/Capital Guardian International+                        0.83%     0.25%    0.21%       --        1.29%      (0.09)%     1.20%
EQ/Capital Guardian Research                              0.65%     0.25%    0.13%       --        1.03%      (0.08)%     0.95%
EQ/Capital Guardian U.S. Equity++                         0.64%     0.25%    0.14%       --        1.03%      (0.08)%     0.95%
EQ/Caywood-Scholl High Yield Bond                         0.60%     0.25%    0.18%       --        1.03%      (0.03)%     1.00%
EQ/Davis New York Venture                                 0.85%     0.25%    0.74%       --        1.84%      (0.54)%     1.30%
EQ/Equity 500 Index                                       0.25%     0.25%    0.13%       --        0.63%         --       0.63%
EQ/Evergreen International Bond                           0.70%     0.25%    0.23%       --        1.18%      (0.03)%     1.15%
EQ/Evergreen Omega                                        0.65%     0.25%    0.21%       --        1.11%       0.00%      1.11%
EQ/FI Mid Cap                                             0.68%     0.25%    0.15%       --        1.08%      (0.08)%     1.00%
EQ/FI Mid Cap Value+                                      0.73%     0.25%    0.13%       --        1.11%      (0.01)%     1.10%
EQ/Franklin Income                                        0.90%     0.25%    0.38%       --        1.53%      (0.23)%     1.30%
EQ/Franklin Small Cap Value                               0.90%     0.25%    2.00%       --        3.15%      (1.85)%     1.30%
EQ/Franklin Templeton Founding Strategy**                 0.05%     0.25%    0.21%     1.07%       1.58%      (0.11)%     1.47%
EQ/GAMCO Mergers and Acquisitions                         0.90%     0.25%    0.33%       --        1.48%      (0.03)%     1.45%
EQ/GAMCO Small Company Value                              0.78%     0.25%    0.14%       --        1.17%       0.00%      1.17%
EQ/International Growth                                   0.85%     0.25%    0.35%       --        1.45%       0.00%      1.45%
EQ/Janus Large Cap Growth++                               0.90%     0.25%    0.15%       --        1.30%      (0.15)%     1.15%
EQ/JPMorgan Core Bond                                     0.44%     0.25%    0.15%       --        0.84%       0.00%      0.84%
EQ/JPMorgan Value Opportunities                           0.60%     0.25%    0.16%       --        1.01%      (0.06)%     0.95%
EQ/Legg Mason Value Equity                                0.65%     0.25%    0.22%       --        1.12%      (0.12)%     1.00%
EQ/Long Term Bond                                         0.43%     0.25%    0.15%       --        0.83%       0.00%      0.83%
EQ/Lord Abbett Growth and Income                          0.65%     0.25%    0.26%       --        1.16%      (0.16)%     1.00%
EQ/Lord Abbett Large Cap Core                             0.65%     0.25%    0.41%       --        1.31%      (0.31)%     1.00%
EQ/Lord Abbett Mid Cap Value                              0.70%     0.25%    0.18%       --        1.13%      (0.08)%     1.05%
EQ/Marsico Focus                                          0.85%     0.25%    0.13%       --        1.23%      (0.08)%     1.15%
EQ/MFS Emerging Growth Companies+                         0.65%     0.25%    0.15%       --        1.05%         --       1.05%
EQ/MFS Investors Trust+                                   0.60%     0.25%    0.16%       --        1.01%      (0.06)%     0.95%
EQ/Money Market                                           0.33%     0.25%    0.14%       --        0.72%         --       0.72%
EQ/Montag & Caldwell Growth                               0.75%     0.25%    0.16%       --        1.16%      (0.01)%     1.15%
EQ/Mutual Shares                                          0.90%     0.25%    0.50%       --        1.65%      (0.35)%     1.30%
EQ/Oppenheimer Global                                     0.95%     0.25%    1.30%     0.01%       2.51%      (1.15)%     1.36%
EQ/Oppenheimer Main Street Opportunity                    0.85%     0.25%    1.58%       --        2.68%      (1.38)%     1.30%
EQ/Oppenheimer Main Street Small Cap                      0.90%     0.25%    1.48%       --        2.63%      (1.33)%     1.30%
EQ/PIMCO Real Return                                      0.55%     0.25%    0.18%       --        0.98%      (0.08)%     0.90%
EQ/Short Duration Bond                                    0.43%     0.25%    0.14%       --        0.82%       0.00%      0.82%
EQ/Small Cap Value+                                       0.73%     0.25%    0.15%       --        1.13%      (0.03)%     1.10%
EQ/Small Company Growth+                                  1.00%     0.25%    0.17%       --        1.42%      (0.12)%     1.30%
EQ/Small Company Index                                    0.25%     0.25%    0.16%     0.01%       0.67%       0.00%      0.67%
EQ/TCW Equity++                                           0.80%     0.25%    0.16%       --        1.21%      (0.06)%     1.15%
EQ/Templeton Growth                                       0.95%     0.25%    0.64%       --        1.84%      (0.49)%     1.35%
EQ/UBS Growth and Income                                  0.75%     0.25%    0.17%       --        1.17%      (0.12)%     1.05%
- ------------------------------------------------------------------------------------------------------------------------------------



14 Fee table



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                          Acquired
                                                                            Fund      Total
                                                                          Fees and    Annual                  Net Total
                                                                          Expenses   Expenses    Fee Waiv-      Annual
                                                                         (Underly-    (Before    ers and/or    Expenses
                                       Manage-                              ing       Expense     Expense      (After
                                        ment       12b-1     Other         Portfo-     Limita-   Reimburse-    Expense
Portfolio Name                         Fees(6)    Fees(7)  Expenses(8)     lios)(9)    tions)     ments(10)  Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                           
EQ/Van Kampen Comstock                  0.65%      0.25%     0.19%             --      1.09%      (0.09)%       1.00%
EQ/Van Kampen Emerging Markets Equity   1.12%      0.25%     0.40%             --      1.77%       0.00%        1.77%
EQ/Van Kampen Mid Cap Growth            0.70%      0.25%     0.23%             --      1.18%      (0.13)%       1.05%
EQ/Wells Fargo Montgomery Small Cap++   0.85%      0.25%     0.41%             --      1.51%      (0.21)%       1.30%
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate - Class II++           0.74%      0.35%     0.27%             --      1.36%      (0.10)%       1.26%
- ------------------------------------------------------------------------------------------------------------------------------------




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and ben efits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.


Notes:

(1)  Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
     amount, if applicable:


                                                                                  
The withdrawal charge percentage we use is determined by the contract      Contract
year in which you make the withdrawal or surrender your contract. For      Year
each contribution, we consider the contract year in which we receive       1 ..................7.00%
that contribution to be "contract year 1")                                 2 ..................7.00%
                                                                           3 ..................6.00%
                                                                           4 ..................6.00%
                                                                           5 ..................5.00%
                                                                           6 ..................3.00%
                                                                           7 ..................1.00%
                                                                           8+ .................0.00%


(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(3)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, the charge, if
     applicable, is $30 for each contract year.

(4)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.


(5)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.


(6)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (10) for any expense
     limitation agreement information.

(7)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940.


(8)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (10) for any expense limitation agreement
     information.

(9)  Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(10) The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. Morgan
     Stanley Investment Management Inc., which does business in certain
     instances as "Van Kampen," is the manager of The Universal Institutional
     Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
     agreed to reduce its management fee and/or reimburse the Portfolio so that
     total annual operating expenses of the Portfolio (exclusive of investment
     related expenses, such as foreign country tax expense and interest expense
     on amounts borrowed) are not more than specified amounts. Additionally, the
     distributor of The Universal Institutional Funds, Inc. has agreed to waive
     a portion of the 12b-1 fee for Class II shares. Van Kampen and/or the
     fund's distributor reserves the right to terminate any waiver and/or
     reimbursement at any time without notice. See the prospectus for each
     applicable under-


                                                                    Fee table 15




  lying Trust for more information about the arrangements. In addition, a
  portion of the brokerage commissions of certain Portfolios of AXA Premier
  VIP Trust and EQ Advisors Trust is used to reduce the applicable Portfolio's
  expenses. If the above table reflected both the expense limitation
  arrangements, plus the portion of the brokerage commissions used to reduce
  portfolio expenses, the net expenses would be as shown in the table below:



- --------------------------------------------------------------------------------
   Portfolio Name
- --------------------------------------------------------------------------------
   Multimanager Aggressive Equity           1.03%
- --------------------------------------------------------------------------------
   Multimanager Health Care                 1.63%
- --------------------------------------------------------------------------------
   Multimanager International Equity        1.52%
- --------------------------------------------------------------------------------
   Multimanager Large Cap Core Equity       1.33%
- --------------------------------------------------------------------------------
   Multimanager Large Cap Growth            1.33%
- --------------------------------------------------------------------------------
   Multimanager Large Cap Value             1.31%
- --------------------------------------------------------------------------------
   Multimanager Mid Cap Growth              1.52%
- --------------------------------------------------------------------------------
   Multimanager Mid Cap Value               1.58%
- --------------------------------------------------------------------------------
   Multimanager Technology                  1.64%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Common Stock        0.83%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Growth and Income   0.92%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Large Cap Growth    1.03%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Small Cap Growth    1.11%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Value               0.94%
- --------------------------------------------------------------------------------
   EQ/Ariel Appreciation II                 1.01%
- --------------------------------------------------------------------------------
   EQ/BlackRock Basic Value Equity          0.93%
- --------------------------------------------------------------------------------
   EQ/Capital Guardian Growth               0.94%
- --------------------------------------------------------------------------------
   EQ/Capital Guardian Research             0.94%
- --------------------------------------------------------------------------------
   EQ/Capital Guardian U.S. Equity          0.94%
- --------------------------------------------------------------------------------
   EQ/Davis New York Venture                1.27%
- --------------------------------------------------------------------------------
   EQ/Evergreen Omega                       1.05%
- --------------------------------------------------------------------------------
   EQ/FI Mid Cap                            0.97%
- --------------------------------------------------------------------------------
   EQ/FI Mid Cap Value                      1.09%
- --------------------------------------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions        1.37%
- --------------------------------------------------------------------------------
   EQ/GAMCO Small Company Value             1.16%
- --------------------------------------------------------------------------------
   EQ/Janus Large Cap Growth                1.14%
- --------------------------------------------------------------------------------
   EQ/Legg Mason Value Equity               0.97%
- --------------------------------------------------------------------------------
   EQ/Lord Abbett Growth and Income         0.99%
- --------------------------------------------------------------------------------
   EQ/Lord Abbett Large Cap Core            0.99%
- --------------------------------------------------------------------------------
   EQ/Marsico Focus                         1.14%
- --------------------------------------------------------------------------------
   EQ/MFS Emerging Growth Companies         1.03%
- --------------------------------------------------------------------------------
   EQ/MFS Investors Trust                   0.94%
- --------------------------------------------------------------------------------
   EQ/Montag & Caldwell Growth              1.13%
- --------------------------------------------------------------------------------
   EQ/Mutual Shares                         1.30%
- --------------------------------------------------------------------------------
   EQ/Small Cap Value                       1.02%
- --------------------------------------------------------------------------------
   EQ/UBS Growth and Income                 1.03%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Comstock                   0.99%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Emerging Markets Equity    1.75%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Mid Cap Growth             1.01%
- --------------------------------------------------------------------------------
   EQ/Wells Fargo Montgomery Small Cap      1.20%
- --------------------------------------------------------------------------------


EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the Greater of 6%
Roll-Up to age 85 or the Annual Ratchet to age 85 and the Earnings enhancement
benefit with either the Guaranteed minimum income benefit or the 125% Principal
guarantee benefit) would pay in the situations illustrated. Each value in the
expense example was calculated with the Guaranteed minimum income benefit
except for the AXA Moderate Allocation portfolio. The AXA Moderate Allocation
portfolio is calculated with either the Guaranteed minimum income benefit or
the 125% Principal guarantee benefit depending on which benefit yielded the
higher expenses. The example uses an average annual administrative charge based
on the charges paid in 2006, which results in an estimated administrative
charge of 0.012% of contract value.


The fixed maturity options, guaranteed interest option and the account for
special dollar cost averaging are not covered by the example. However, the
annual administrative charge, the withdrawal charge, the charge for any
optional benefits and the charge if you elect a Variable Immediate Annuity
payout option do apply to the fixed maturity options, guaranteed interest
option and the account for special dollar cost averaging. A market value
adjustment (up or down) may apply as a result of a withdrawal, transfer, or
surrender of amounts from a fixed maturity option.

16 Fee table



The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:

                                                                    Fee table 17







- ------------------------------------------------------------------------------------------------------------------------------------
                                                If you surrender your contract at the end of the appli-
                                                                   cable time period
- ------------------------------------------------------------------------------------------------------------------------------------
Portfolio Name                                  1 year        3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                               
AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 1,164.00     $ 2,020.00     $ 2,915.00     $ 5,094.00
AXA Conservative Allocation                   $ 1,143.00     $ 1,958.00     $ 2,816.00     $ 4,913.00
AXA Conservative-Plus Allocation              $ 1,144.00     $ 1,961.00     $ 2,821.00     $ 4,922.00
AXA Moderate Allocation                       $ 1,159.00     $ 1,994.00     $ 2,853.00     $ 4,968.00
AXA Moderate-Plus Allocation                  $ 1,156.00     $ 1,998.00     $ 2,881.00     $ 5,031.00
Multimanager Aggressive Equity*               $ 1,123.00     $ 1,900.00     $ 2,721.00     $ 4,738.00
Multimanager Core Bond*                       $ 1,120.00     $ 1,891.00     $ 2,706.00     $ 4,710.00
Multimanager Health Care*                     $ 1,189.00     $ 2,093.00     $ 3,033.00     $ 5,306.00
Multimanager High Yield*                      $ 1,119.00     $ 1,888.00     $ 2,701.00     $ 4,701.00
Multimanager International Equity*            $ 1,173.00     $ 2,047.00     $ 2,960.00     $ 5,174.00
Multimanager Large Cap Core Equity*           $ 1,154.00     $ 1,992.00     $ 2,871.00     $ 5,013.00
Multimanager Large Cap Growth*                $ 1,156.00     $ 1,998.00     $ 2,881.00     $ 5,031.00
Multimanager Large Cap Value*                 $ 1,154.00     $ 1,992.00     $ 2,871.00     $ 5,013.00
Multimanager Mid Cap Growth*                  $ 1,176.00     $ 2,056.00     $ 2,974.00     $ 5,200.00
Multimanager Mid Cap Value*                   $ 1,179.00     $ 2,065.00     $ 2,989.00     $ 5,227.00
Multimanager Technology*                      $ 1,189.00     $ 2,093.00     $ 3,033.00     $ 5,306.00
- ------------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,102.00     $ 1,838.00     $ 2,621.00     $ 4,550.00
EQ/AllianceBernstein Growth and Income++      $ 1,110.00     $ 1,863.00     $ 2,661.00     $ 4,625.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 1,106.00     $ 1,851.00     $ 2,641.00     $ 4,588.00
EQ/AllianceBernstein International            $ 1,134.00     $ 1,934.00     $ 2,777.00     $ 4,840.00
EQ/AllianceBernstein Large Cap Growth         $ 1,145.00     $ 1,964.00     $ 2,826.00     $ 4,931.00
EQ/AllianceBernstein Quality Bond             $ 1,106.00     $ 1,851.00     $ 2,641.00     $ 4,588.00
EQ/AllianceBernstein Small Cap Growth         $ 1,130.00     $ 1,921.00     $ 2,757.00     $ 4,803.00
EQ/AllianceBernstein Value                    $ 1,115.00     $ 1,878.00     $ 2,686.00     $ 4,673.00
EQ/Ariel Appreciation II                      $ 1,171.00     $ 2,041.00     $ 2,950.00     $ 5,156.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 1,337.00     $ 2,515.00     $ 3,700.00     $ 6,445.00
EQ/BlackRock Basic Value Equity*              $ 1,111.00     $ 1,866.00     $ 2,666.00     $ 4,635.00
EQ/BlackRock International Value*             $ 1,147.00     $ 1,971.00     $ 2,836.00     $ 4,950.00
EQ/Boston Advisors Equity Income              $ 1,133.00     $ 1,931.00     $ 2,772.00     $ 4,831.00
EQ/Calvert Socially Responsible               $ 1,133.00     $ 1,931.00     $ 2,772.00     $ 4,831.00
EQ/Capital Guardian Growth                    $ 1,124.00     $ 1,903.00     $ 2,726.00     $ 4,747.00
EQ/Capital Guardian International+            $ 1,148.00     $ 1,974.00     $ 2,841.00     $ 4,959.00
EQ/Capital Guardian Research                  $ 1,121.00     $ 1,894.00     $ 2,711.00     $ 4,719.00
EQ/Capital Guardian U.S. Equity++             $ 1,121.00     $ 1,894.00     $ 2,711.00     $ 4,719.00
EQ/Caywood-Scholl High Yield Bond             $ 1,121.00     $ 1,894.00     $ 2,711.00     $ 4,719.00
EQ/Davis New York Venture                     $ 1,206.00     $ 2,141.00     $ 3,111.00     $ 5,444.00
EQ/Equity 500 Index                           $ 1,079.00     $ 1,770.00     $ 2,509.00     $ 4,338.00
EQ/Evergreen International Bond               $ 1,136.00     $ 1,940.00     $ 2,786.00     $ 4,858.00
- ------------------------------------------------------------------------------------------------------------------------------------



- --------------------------------------------------------------------------------------------------------
                                                 If you annuitize at the end of the applicable
                                              time period and select a non-life contingent period
                                                certain annuity option with less than five years
- --------------------------------------------------------------------------------------------------------
Portfolio Name                                 1 year      3 years        5 years        10 years
- --------------------------------------------------------------------------------------------------------
                                                                          
AXA PREMIER VIP TRUST:
- --------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                       N/A     $ 2,020.00     $ 2,915.00     $ 5,094.00
AXA Conservative Allocation                     N/A     $ 1,958.00     $ 2,816.00     $ 4,913.00
AXA Conservative-Plus Allocation                N/A     $ 1,961.00     $ 2,821.00     $ 4,922.00
AXA Moderate Allocation                         N/A     $ 1,994.00     $ 2,853.00     $ 4,968.00
AXA Moderate-Plus Allocation                    N/A     $ 1,998.00     $ 2,881.00     $ 5,031.00
Multimanager Aggressive Equity*                 N/A     $ 1,900.00     $ 2,721.00     $ 4,738.00
Multimanager Core Bond*                         N/A     $ 1,891.00     $ 2,706.00     $ 4,710.00
Multimanager Health Care*                       N/A     $ 2,093.00     $ 3,033.00     $ 5,306.00
Multimanager High Yield*                        N/A     $ 1,888.00     $ 2,701.00     $ 4,701.00
Multimanager International Equity*              N/A     $ 2,047.00     $ 2,960.00     $ 5,174.00
Multimanager Large Cap Core Equity*             N/A     $ 1,992.00     $ 2,871.00     $ 5,013.00
Multimanager Large Cap Growth*                  N/A     $ 1,998.00     $ 2,881.00     $ 5,031.00
Multimanager Large Cap Value*                   N/A     $ 1,992.00     $ 2,871.00     $ 5,013.00
Multimanager Mid Cap Growth*                    N/A     $ 2,056.00     $ 2,974.00     $ 5,200.00
Multimanager Mid Cap Value*                     N/A     $ 2,065.00     $ 2,989.00     $ 5,227.00
Multimanager Technology*                        N/A     $ 2,093.00     $ 3,033.00     $ 5,306.00
- --------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 1,838.00     $ 2,621.00     $ 4,550.00
EQ/AllianceBernstein Growth and Income++        N/A     $ 1,863.00     $ 2,661.00     $ 4,625.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     N/A     $ 1,851.00     $ 2,641.00     $ 4,588.00
EQ/AllianceBernstein International              N/A     $ 1,934.00     $ 2,777.00     $ 4,840.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 1,964.00     $ 2,826.00     $ 4,931.00
EQ/AllianceBernstein Quality Bond               N/A     $ 1,851.00     $ 2,641.00     $ 4,588.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 1,921.00     $ 2,757.00     $ 4,803.00
EQ/AllianceBernstein Value                      N/A     $ 1,878.00     $ 2,686.00     $ 4,673.00
EQ/Ariel Appreciation II                        N/A     $ 2,041.00     $ 2,950.00     $ 5,156.00
EQ/AXA Rosenberg Value Long/Short Equity        N/A     $ 2,515.00     $ 3,700.00     $ 6,445.00
EQ/BlackRock Basic Value Equity*                N/A     $ 1,866.00     $ 2,666.00     $ 4,635.00
EQ/BlackRock International Value*               N/A     $ 1,971.00     $ 2,836.00     $ 4,950.00
EQ/Boston Advisors Equity Income                N/A     $ 1,931.00     $ 2,772.00     $ 4,831.00
EQ/Calvert Socially Responsible                 N/A     $ 1,931.00     $ 2,772.00     $ 4,831.00
EQ/Capital Guardian Growth                      N/A     $ 1,903.00     $ 2,726.00     $ 4,747.00
EQ/Capital Guardian International+              N/A     $ 1,974.00     $ 2,841.00     $ 4,959.00
EQ/Capital Guardian Research                    N/A     $ 1,894.00     $ 2,711.00     $ 4,719.00
EQ/Capital Guardian U.S. Equity++               N/A     $ 1,894.00     $ 2,711.00     $ 4,719.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 1,894.00     $ 2,711.00     $ 4,719.00
EQ/Davis New York Venture                       N/A     $ 2,141.00     $ 3,111.00     $ 5,444.00
EQ/Equity 500 Index                             N/A     $ 1,770.00     $ 2,509.00     $ 4,338.00
EQ/Evergreen International Bond                 N/A     $ 1,940.00     $ 2,786.00     $ 4,858.00
- --------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------
                                                If you do not surrender your contract at the end of
                                                          the applicable time period
- ------------------------------------------------------------------------------------------------------------
Portfolio Name                                    1 year       3 years     5 years        10 years
- ------------------------------------------------------------------------------------------------------------
                                                                             
AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                      $ 464.00     $ 1,420.00    $ 2,415.00     $ 5,094.00
AXA Conservative Allocation                    $ 443.00     $ 1,358.00    $ 2,316.00     $ 4,913.00
AXA Conservative-Plus Allocation               $ 444.00     $ 1,361.00    $ 2,321.00     $ 4,922.00
AXA Moderate Allocation                        $ 459.00     $ 1,394.00    $ 2,353.00     $ 4,968.00
AXA Moderate-Plus Allocation                   $ 456.00     $ 1,398.00    $ 2,381.00     $ 5,031.00
Multimanager Aggressive Equity*                $ 423.00     $ 1,300.00    $ 2,221.00     $ 4,738.00
Multimanager Core Bond*                        $ 420.00     $ 1,291.00    $ 2,206.00     $ 4,710.00
Multimanager Health Care*                      $ 489.00     $ 1,493.00    $ 2,533.00     $ 5,306.00
Multimanager High Yield*                       $ 419.00     $ 1,288.00    $ 2,201.00     $ 4,701.00
Multimanager International Equity*             $ 473.00     $ 1,447.00    $ 2,460.00     $ 5,174.00
Multimanager Large Cap Core Equity*            $ 454.00     $ 1,392.00    $ 2,371.00     $ 5,013.00
Multimanager Large Cap Growth*                 $ 456.00     $ 1,398.00    $ 2,381.00     $ 5,031.00
Multimanager Large Cap Value*                  $ 454.00     $ 1,392.00    $ 2,371.00     $ 5,013.00
Multimanager Mid Cap Growth*                   $ 476.00     $ 1,456.00    $ 2,474.00     $ 5,200.00
Multimanager Mid Cap Value*                    $ 479.00     $ 1,465.00    $ 2,489.00     $ 5,227.00
Multimanager Technology*                       $ 489.00     $ 1,493.00    $ 2,533.00     $ 5,306.00
- ------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock              $ 402.00     $ 1,238.00    $ 2,121.00     $ 4,550.00
EQ/AllianceBernstein Growth and Income++       $ 410.00     $ 1,263.00    $ 2,161.00     $ 4,625.00
EQ/AllianceBernstein Intermediate Government
 Securities                                    $ 406.00     $ 1,251.00    $ 2,141.00     $ 4,588.00
EQ/AllianceBernstein International             $ 434.00     $ 1,334.00    $ 2,277.00     $ 4,840.00
EQ/AllianceBernstein Large Cap Growth          $ 445.00     $ 1,364.00    $ 2,326.00     $ 4,931.00
EQ/AllianceBernstein Quality Bond              $ 406.00     $ 1,251.00    $ 2,141.00     $ 4,588.00
EQ/AllianceBernstein Small Cap Growth          $ 430.00     $ 1,321.00    $ 2,257.00     $ 4,803.00
EQ/AllianceBernstein Value                     $ 415.00     $ 1,278.00    $ 2,186.00     $ 4,673.00
EQ/Ariel Appreciation II                       $ 471.00     $ 1,441.00    $ 2,450.00     $ 5,156.00
EQ/AXA Rosenberg Value Long/Short Equity       $ 637.00     $ 1,915.00    $ 3,200.00     $ 6,445.00
EQ/BlackRock Basic Value Equity*               $ 411.00     $ 1,266.00    $ 2,166.00     $ 4,635.00
EQ/BlackRock International Value*              $ 447.00     $ 1,371.00    $ 2,336.00     $ 4,950.00
EQ/Boston Advisors Equity Income               $ 433.00     $ 1,331.00    $ 2,272.00     $ 4,831.00
EQ/Calvert Socially Responsible                $ 433.00     $ 1,331.00    $ 2,272.00     $ 4,831.00
EQ/Capital Guardian Growth                     $ 424.00     $ 1,303.00    $ 2,226.00     $ 4,747.00
EQ/Capital Guardian International+             $ 448.00     $ 1,374.00    $ 2,341.00     $ 4,959.00
EQ/Capital Guardian Research                   $ 421.00     $ 1,294.00    $ 2,211.00     $ 4,719.00
EQ/Capital Guardian U.S. Equity++              $ 421.00     $ 1,294.00    $ 2,211.00     $ 4,719.00
EQ/Caywood-Scholl High Yield Bond              $ 421.00     $ 1,294.00    $ 2,211.00     $ 4,719.00
EQ/Davis New York Venture                      $ 506.00     $ 1,541.00    $ 2,611.00     $ 5,444.00
EQ/Equity 500 Index                            $ 379.00     $ 1,170.00    $ 2,009.00     $ 4,338.00
EQ/Evergreen International Bond                $ 436.00     $ 1,340.00    $ 2,286.00     $ 4,858.00
- ------------------------------------------------------------------------------------------------------------



18 Fee table






- ---------------------------------------------------------------------------------------------------------
                                              If you surrender your contract at the end of the appli-
                                                                 cable time period
- ---------------------------------------------------------------------------------------------------------
Portfolio Name                                1 year        3 years        5 years        10 years
- ---------------------------------------------------------------------------------------------------------
                                                                             
EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega                          $ 1,129.00     $ 1,918.00     $ 2,752.00     $ 4,794.00
EQ/FI Mid Cap                               $ 1,126.00     $ 1,909.00     $ 2,737.00     $ 4,766.00
EQ/FI Mid Cap Value+                        $ 1,129.00     $ 1,918.00     $ 2,752.00     $ 4,794.00
EQ/Franklin Income                          $ 1,173.00     $ 2,047.00     $ 2,960.00     $ 5,174.00
EQ/Franklin Small Cap Value                 $ 1,343.00     $ 2,533.00     $ 3,727.00     $ 6,489.00
EQ/Franklin Templeton Founding Strategy**   $ 1,178.00     $ 2,062.00     $ 2,984.00     $ 5,218.00
EQ/GAMCO Mergers and Acquisitions           $ 1,168.00     $ 2,032.00     $ 2,935.00     $ 5,129.00
EQ/GAMCO Small Company Value                $ 1,135.00     $ 1,937.00     $ 2,782.00     $ 4,849.00
EQ/International Growth                     $ 1,165.00     $ 2,023.00     $ 2,920.00     $ 5,103.00
EQ/Janus Large Cap Growth++                 $ 1,149.00     $ 1,977.00     $ 2,846.00     $ 4,968.00
EQ/JPMorgan Core Bond                       $ 1,101.00     $ 1,835.00     $ 2,616.00     $ 4,540.00
EQ/JPMorgan Value Opportunities             $ 1,119.00     $ 1,888.00     $ 2,701.00     $ 4,701.00
EQ/Legg Mason Value Equity                  $ 1,130.00     $ 1,921.00     $ 2,757.00     $ 4,803.00
EQ/Long Term Bond                           $ 1,100.00     $ 1,832.00     $ 2,611.00     $ 4,531.00
EQ/Lord Abbett Growth and Income            $ 1,134.00     $ 1,934.00     $ 2,777.00     $ 4,840.00
EQ/Lord Abbett Large Cap Core               $ 1,150.00     $ 1,980.00     $ 2,851.00     $ 4,977.00
EQ/Lord Abbett Mid Cap Value                $ 1,131.00     $ 1,925.00     $ 2,762.00     $ 4,812.00
EQ/Marsico Focus                            $ 1,142.00     $ 1,955.00     $ 2,811.00     $ 4,904.00
EQ/MFS Emerging Growth Companies+           $ 1,123.00     $ 1,900.00     $ 2,721.00     $ 4,738.00
EQ/MFS Investors Trust+                     $ 1,119.00     $ 1,888.00     $ 2,701.00     $ 4,701.00
EQ/Money Market                             $ 1,088.00     $ 1,798.00     $ 2,555.00     $ 4,425.00
EQ/Montag & Caldwell Growth                 $ 1,134.00     $ 1,934.00     $ 2,777.00     $ 4,840.00
EQ/Mutual Shares                            $ 1,186.00     $ 2,084.00     $ 3,018.00     $ 5,279.00
EQ/Oppenheimer Global                       $ 1,276.00     $ 2,343.00     $ 3,431.00     $ 5,997.00
EQ/Oppenheimer Main Street Opportunity      $ 1,294.00     $ 2,394.00     $ 3,510.00     $ 6,131.00
EQ/Oppenheimer Main Street Small Cap        $ 1,289.00     $ 2,379.00     $ 3,487.00     $ 6,092.00
EQ/PIMCO Real Return                        $ 1,115.00     $ 1,878.00     $ 2,686.00     $ 4,673.00
EQ/Short Duration Bond                      $ 1,099.00     $ 1,829.00     $ 2,606.00     $ 4,521.00
EQ/Small Cap Value+                         $ 1,131.00     $ 1,925.00     $ 2,762.00     $ 4,812.00
EQ/Small Company Growth+                    $ 1,162.00     $ 2,014.00     $ 2,906.00     $ 5,076.00
EQ/Small Company Index                      $ 1,083.00     $ 1,782.00     $ 2,529.00     $ 4,377.00
EQ/TCW Equity++                             $ 1,140.00     $ 1,949.00     $ 2,801.00     $ 4,886.00
EQ/Templeton Growth                         $ 1,206.00     $ 2,141.00     $ 3,111.00     $ 5,444.00
EQ/UBS Growth and Income                    $ 1,135.00     $ 1,937.00     $ 2,782.00     $ 4,849.00
EQ/Van Kampen Comstock                      $ 1,127.00     $ 1,912.00     $ 2,742.00     $ 4,775.00
EQ/Van Kampen Emerging Markets Equity       $ 1,198.00     $ 2,120.00     $ 3,077.00     $ 5,384.00
EQ/Van Kampen Mid Cap Growth                $ 1,136.00     $ 1,940.00     $ 2,786.00     $ 4,858.00
EQ/Wells Fargo Montgomery Small Cap++       $ 1,171.00     $ 2,041.00     $ 2,950.00     $ 5,156.00
- ---------------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ---------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 1,155.00     $ 1,995.00     $ 2,876.00     $ 5,022.00
- ---------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------
                                                 If you annuitize at the end of the applicable
                                              time period and select a non-life contingent period
                                                certain annuity option with less than five years
- -----------------------------------------------------------------------------------------------------
Portfolio Name                              1 year     3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------
                                                                        
EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/Evergreen Omega                            N/A     $ 1,918.00     $ 2,752.00     $ 4,794.00
EQ/FI Mid Cap                                 N/A     $ 1,909.00     $ 2,737.00     $ 4,766.00
EQ/FI Mid Cap Value+                          N/A     $ 1,918.00     $ 2,752.00     $ 4,794.00
EQ/Franklin Income                            N/A     $ 2,047.00     $ 2,960.00     $ 5,174.00
EQ/Franklin Small Cap Value                   N/A     $ 2,533.00     $ 3,727.00     $ 6,489.00
EQ/Franklin Templeton Founding Strategy**     N/A     $ 2,062.00     $ 2,984.00     $ 5,218.00
EQ/GAMCO Mergers and Acquisitions             N/A     $ 2,032.00     $ 2,935.00     $ 5,129.00
EQ/GAMCO Small Company Value                  N/A     $ 1,937.00     $ 2,782.00     $ 4,849.00
EQ/International Growth                       N/A     $ 2,023.00     $ 2,920.00     $ 5,103.00
EQ/Janus Large Cap Growth++                   N/A     $ 1,977.00     $ 2,846.00     $ 4,968.00
EQ/JPMorgan Core Bond                         N/A     $ 1,835.00     $ 2,616.00     $ 4,540.00
EQ/JPMorgan Value Opportunities               N/A     $ 1,888.00     $ 2,701.00     $ 4,701.00
EQ/Legg Mason Value Equity                    N/A     $ 1,921.00     $ 2,757.00     $ 4,803.00
EQ/Long Term Bond                             N/A     $ 1,832.00     $ 2,611.00     $ 4,531.00
EQ/Lord Abbett Growth and Income              N/A     $ 1,934.00     $ 2,777.00     $ 4,840.00
EQ/Lord Abbett Large Cap Core                 N/A     $ 1,980.00     $ 2,851.00     $ 4,977.00
EQ/Lord Abbett Mid Cap Value                  N/A     $ 1,925.00     $ 2,762.00     $ 4,812.00
EQ/Marsico Focus                              N/A     $ 1,955.00     $ 2,811.00     $ 4,904.00
EQ/MFS Emerging Growth Companies+             N/A     $ 1,900.00     $ 2,721.00     $ 4,738.00
EQ/MFS Investors Trust+                       N/A     $ 1,888.00     $ 2,701.00     $ 4,701.00
EQ/Money Market                               N/A     $ 1,798.00     $ 2,555.00     $ 4,425.00
EQ/Montag & Caldwell Growth                   N/A     $ 1,934.00     $ 2,777.00     $ 4,840.00
EQ/Mutual Shares                              N/A     $ 2,084.00     $ 3,018.00     $ 5,279.00
EQ/Oppenheimer Global                         N/A     $ 2,343.00     $ 3,431.00     $ 5,997.00
EQ/Oppenheimer Main Street Opportunity        N/A     $ 2,394.00     $ 3,510.00     $ 6,131.00
EQ/Oppenheimer Main Street Small Cap          N/A     $ 2,379.00     $ 3,487.00     $ 6,092.00
EQ/PIMCO Real Return                          N/A     $ 1,878.00     $ 2,686.00     $ 4,673.00
EQ/Short Duration Bond                        N/A     $ 1,829.00     $ 2,606.00     $ 4,521.00
EQ/Small Cap Value+                           N/A     $ 1,925.00     $ 2,762.00     $ 4,812.00
EQ/Small Company Growth+                      N/A     $ 2,014.00     $ 2,906.00     $ 5,076.00
EQ/Small Company Index                        N/A     $ 1,782.00     $ 2,529.00     $ 4,377.00
EQ/TCW Equity++                               N/A     $ 1,949.00     $ 2,801.00     $ 4,886.00
EQ/Templeton Growth                           N/A     $ 2,141.00     $ 3,111.00     $ 5,444.00
EQ/UBS Growth and Income                      N/A     $ 1,937.00     $ 2,782.00     $ 4,849.00
EQ/Van Kampen Comstock                        N/A     $ 1,912.00     $ 2,742.00     $ 4,775.00
EQ/Van Kampen Emerging Markets Equity         N/A     $ 2,120.00     $ 3,077.00     $ 5,384.00
EQ/Van Kampen Mid Cap Growth                  N/A     $ 1,940.00     $ 2,786.00     $ 4,858.00
EQ/Wells Fargo Montgomery Small Cap++         N/A     $ 2,041.00     $ 2,950.00     $ 5,156.00
- -----------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- -----------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                N/A     $ 1,995.00     $ 2,876.00     $ 5,022.00
- -----------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------
                                               If you do not surrender your contract at the end of
                                                        the applicable time period
- -------------------------------------------------------------------------------------------------------------
Portfolio Name                               1 year       3 years         5 years        10 years
- -------------------------------------------------------------------------------------------------------------
                                                                            
EQ ADVISORS TRUST:
- -------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega                          $ 429.00     $ 1,318.00      $ 2,252.00     $ 4,794.00
EQ/FI Mid Cap                               $ 426.00     $ 1,309.00      $ 2,237.00     $ 4,766.00
EQ/FI Mid Cap Value+                        $ 429.00     $ 1,318.00      $ 2,252.00     $ 4,794.00
EQ/Franklin Income                          $ 473.00     $ 1,447.00      $ 2,460.00     $ 5,174.00
EQ/Franklin Small Cap Value                 $ 643.00     $ 1,933.00      $ 3,227.00     $ 6,489.00
EQ/Franklin Templeton Founding Strategy**   $ 478.00     $ 1,462.00      $ 2,484.00     $ 5,218.00
EQ/GAMCO Mergers and Acquisitions           $ 468.00     $ 1,432.00      $ 2,435.00     $ 5,129.00
EQ/GAMCO Small Company Value                $ 435.00     $ 1,337.00      $ 2,282.00     $ 4,849.00
EQ/International Growth                     $ 465.00     $ 1,423.00      $ 2,420.00     $ 5,103.00
EQ/Janus Large Cap Growth++                 $ 449.00     $ 1,377.00      $ 2,346.00     $ 4,968.00
EQ/JPMorgan Core Bond                       $ 401.00     $ 1,235.00      $ 2,116.00     $ 4,540.00
EQ/JPMorgan Value Opportunities             $ 419.00     $ 1,288.00      $ 2,201.00     $ 4,701.00
EQ/Legg Mason Value Equity                  $ 430.00     $ 1,321.00      $ 2,257.00     $ 4,803.00
EQ/Long Term Bond                           $ 400.00     $ 1,232.00      $ 2,111.00     $ 4,531.00
EQ/Lord Abbett Growth and Income            $ 434.00     $ 1,334.00      $ 2,277.00     $ 4,840.00
EQ/Lord Abbett Large Cap Core               $ 450.00     $ 1,380.00      $ 2,351.00     $ 4,977.00
EQ/Lord Abbett Mid Cap Value                $ 431.00     $ 1,325.00      $ 2,262.00     $ 4,812.00
EQ/Marsico Focus                            $ 442.00     $ 1,355.00      $ 2,311.00     $ 4,904.00
EQ/MFS Emerging Growth Companies+           $ 423.00     $ 1,300.00      $ 2,221.00     $ 4,738.00
EQ/MFS Investors Trust+                     $ 419.00     $ 1,288.00      $ 2,201.00     $ 4,701.00
EQ/Money Market                             $ 388.00     $ 1,198.00      $ 2,055.00     $ 4,425.00
EQ/Montag & Caldwell Growth                 $ 434.00     $ 1,334.00      $ 2,277.00     $ 4,840.00
EQ/Mutual Shares                            $ 486.00     $ 1,484.00      $ 2,518.00     $ 5,279.00
EQ/Oppenheimer Global                       $ 576.00     $ 1,743.00      $ 2,931.00     $ 5,997.00
EQ/Oppenheimer Main Street Opportunity      $ 594.00     $ 1,794.00      $ 3,010.00     $ 6,131.00
EQ/Oppenheimer Main Street Small Cap        $ 589.00     $ 1,779.00      $ 2,987.00     $ 6,092.00
EQ/PIMCO Real Return                        $ 415.00     $ 1,278.00      $ 2,186.00     $ 4,673.00
EQ/Short Duration Bond                      $ 399.00     $ 1,229.00      $ 2,106.00     $ 4,521.00
EQ/Small Cap Value+                         $ 431.00     $ 1,325.00      $ 2,262.00     $ 4,812.00
EQ/Small Company Growth+                    $ 462.00     $ 1,414.00      $ 2,406.00     $ 5,076.00
EQ/Small Company Index                      $ 383.00     $ 1,182.00      $ 2,029.00     $ 4,377.00
EQ/TCW Equity++                             $ 440.00     $ 1,349.00      $ 2,301.00     $ 4,886.00
EQ/Templeton Growth                         $ 506.00     $ 1,541.00      $ 2,611.00     $ 5,444.00
EQ/UBS Growth and Income                    $ 435.00     $ 1,337.00      $ 2,282.00     $ 4,849.00
EQ/Van Kampen Comstock                      $ 427.00     $ 1,312.00      $ 2,242.00     $ 4,775.00
EQ/Van Kampen Emerging Markets Equity       $ 498.00     $ 1,520.00      $ 2,577.00     $ 5,384.00
EQ/Van Kampen Mid Cap Growth                $ 436.00     $ 1,340.00      $ 2,286.00     $ 4,858.00
EQ/Wells Fargo Montgomery Small Cap++       $ 471.00     $ 1,441.00      $ 2,450.00     $ 5,156.00
- -------------------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- -------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 455.00     $ 1,395.00      $ 2,376.00     $ 5,022.00
- -------------------------------------------------------------------------------------------------------------



                                                                    Fee table 19




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


20 Fee table




CONDENSED FINANCIAL INFORMATION

Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


                                                                    Fee table 21



1.   Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum contribution amount for each type of
owner and contract purchased. The following table summarizes our rules
regarding contributions to your contract. Both the owner and annuitant named in
the contract must meet the issue age requirements shown in the table, and
contributions are based on the age of the older of the original owner and
annuitant.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are ages 81
and older at contract issue unless you elect GWBL). We may also refuse to
accept any contribution if the sum of all contributions under all AXA Equitable
annuity accumulation contracts with the same owner or annuitant would then
total more than $2,500,000. We may waive these contribution limitations based
on certain criteria, including benefits that have been elected, issue age, the
total amount of contributions, variable investment option allocations and
selling broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.


- --------------------------------------------------------------------------------
The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
"annuitant" is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.
- --------------------------------------------------------------------------------





- -------------------------------------------------------------------------------------------------------------------------------
                  Available
                 for owner
                 and annuitant   Minimum
Contract type    issue ages      contributions                  Source of contributions        Limitations on contributions+
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                   
NQ               0 through 85    o $5,000 (initial)             o After-tax money.             o No additional contributions
                                 o $500 (additional)                                             may be made after attain-
                                 o $100 monthly and $300        o Paid to us by check or         ment of age 86, or if later,
                                   quarterly under our auto-      transfer of contract value     the first contract date
                                   matic investment program       in a tax-deferred exchange     anniversary.*
                                   (additional)                   under Section 1035 of the
                                                                  Internal Revenue Code.
- -------------------------------------------------------------------------------------------------------------------------------



22 Contract features and benefits






- --------------------------------------------------------------------------------------------------------------------------------
                     Available
                    for owner
                    and annuitant      Minimum
Contract type       issue ages         contributions         Source of contributions          Limitations on contributions+
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                  
Rollover IRA        20 through 85      o $5,000 (initial)    o Eligible rollover distribu-    o No additional contributions
                                       o $50 (additional)      tions from TSA contracts or      may be made after attain-
                                                               other 403(b) arrangements,       ment of age 86, or, if
                                                               qualified plans, and             later, the first contract
                                                               govern- mental employer          date anniversary.*
                                                               457(b) plans.
                                                                                              o Contributions after age
                                                             o Rollovers from another           70-1/2 must be net of
                                                               traditional individual           required minimum
                                                               retirement arrangement.          distributions.

                                                             o Direct custodian-to-           o Although we accept regular
                                                               custodian transfers from         IRA contributions (limited
                                                               another traditional indi-        to $4,000 for 2007 and
                                                               vidual retirement                $5,000 for 2008) under
                                                               arrangement.                     Rollover IRA contracts, we
                                                                                                intend that this contract be
                                                             o Regular IRA contributions.       used primarily for rollover
                                                                                                and direct transfer
                                                             o Additional "catch-up"            contributions.
                                                               contributions.
                                                                                              o Additional catch-up contri-
                                                                                                butions of up to $1,000 per
                                                                                                calendar year where the
                                                                                                owner is at least age 50 but
                                                                                                under age 70-1/2 at any time
                                                                                                during the calendar year for
                                                                                                which the contribution is
                                                                                                made.
- --------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 23






- ---------------------------------------------------------------------------------------------------------------------------------
                   Available
                  for owner
                  and annuitant           Minimum
Contract type     issue ages              contributions         Source of contributions         Limitations on contributions+
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                    
Roth Conversion   20 through 85           o $5,000 (initial)   o Rollovers from another Roth    o No additional contributions
IRA                                                              IRA.                             may be made after attain-
                                          o $50 (additional)                                      ment of age 86, or, if
                                                               o Rollovers from a "desig-         later, the first contract
                                                                 nated Roth contribution          date anniversary.*
                                                                 account" under a 401(k)
                                                                 plan or 403(b) arrange-        o Conversion rollovers after
                                                                 ment.                            age 70-1/2 must be net of
                                                                                                  required minimum distribu-
                                                               o Conversion rollovers from a      tions for the traditional
                                                                 traditional IRA.                 IRA you are rolling over.

                                                               o Direct transfers from          o You cannot roll over funds
                                                                 another Roth IRA.                from a traditional IRA if
                                                                                                  your adjusted gross income
                                                               o Regular Roth IRA contribu-       is $100,000 or more.
                                                                 tions.
                                                                                                o Although we accept regular
                                                               o Additional catch-up              Roth IRA contributions (lim-
                                                                 contributions.                   ited to $4,000 for 2007 and
                                                                                                  $5,000 for 2008) under Roth
                                                                                                  IRA contracts, we intend
                                                                                                  that this contract be used
                                                                                                  primarily for rollover and
                                                                                                  direct transfer
                                                                                                  contributions.

                                                                                                o Additional catch-up contri-
                                                                                                  butions of up to $1,000 per
                                                                                                  calendar year where the
                                                                                                  owner is at least age 50 at
                                                                                                  any time during the calendar
                                                                                                  year for which the contribu-
                                                                                                  tion is made.
- ---------------------------------------------------------------------------------------------------------------------------------
Rollover TSA      20 through 85           o $5,000 (initial)   o Direct transfers of pre-tax    o No additional contributions
                                                                 funds from another contract      may be made after attain-
                                          o $500 (additional)    or arrangement under             ment of age 86, or, if
                                                                 Section 403(b) of the            later, the first contract
                                                                 Internal Revenue Code,           date anniversary.*
                                                                 complying with IRS Revenue
                                                                 Ruling 90-24.                  o Rollover or direct transfer
                                                                                                  contributions after age
                                                               o Eligible rollover distribu-      70-1/2 must be net of any
                                                                 tions of pre-tax funds from      required minimum
                                                                 other 403(b) plans. Subse-       distributions.
                                                                 quent contributions may
                                                                 also be rollovers from         o We do not accept employer-
                                                                 qualified plans,                 remitted contributions.
                                                                 governmental employer
                                                                 457(b) plans and
                                                                 traditional IRAs.
- ---------------------------------------------------------------------------------------------------------------------------------



24 Contract features and benefits






- --------------------------------------------------------------------------------------------------------------------------------
                  Available
                 for owner
                 and annuitant         Minimum
Contract type    issue ages            contributions           Source of contributions          Limitations on contributions+
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                    
QP               20 through 75         o $5,000 (initial)      o Only transfer                  o A separate QP contract must
                                                                 contributions from other         be established for each plan
                                       o $500 (additional)       investments within an            participant.
                                                                 existing defined
                                                                 contribution qualified         o We do not accept regular
                                                                 plan trust.                      ongoing payroll contribu-
                                                                                                  tions or contributions
                                                               o The plan must be qualified       directly from the employer.
                                                                 under Section 401(a) of
                                                                 the Internal Revenue Code.     o Only one additional transfer
                                                                                                  contribution may be made
                                                               o For 401(k) plans, trans-         during a contract year.
                                                                 ferred contributions may
                                                                 not include any after-tax      o No additional transfer con-
                                                                 contributions, including         tributions after
                                                                 designated Roth contribu-        participant's attainment of
                                                                 tions.                           age 76 or, if later, the
                                                                                                  first contract date
                                                                                                  anniversary.

                                                                                                o Contributions after age
                                                                                                  70-1/2 must be net of any
                                                                                                  required minimum
                                                                                                  distributions.

                                                                                                o We do not accept contribu-
                                                                                                  tions from defined benefit
                                                                                                  plans.

See Appendix II at the end of this Prospectus for a discussion of purchase considerations of QP contracts.
- --------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25






- ------------------------------------------------------------------------------------------------------------------------------------
                   Available
                   for owner
                   and annuitant   Minimum
Contract type      issue ages      contributions                      Source of contributions        Limitations on contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                         
Flexible Premium   20 through 70   o $4,000 (initial)                 o Regular traditional IRA      o No regular IRA contributions
IRA                                                                     contributions.                 in the calendar year you
                                   o $50 (additional)                                                  turn age 70-1/2 and
                                                                      o Additional catch-up            thereafter.
                                   o $50 monthly or quarterly           contributions.
                                     under our automatic invest-                                     o Rollover and direct transfer
                                     ment program (additional)        o Eligible rollover              contributions may be made up
                                                                        distributions from TSA         to attainment of age 86.*
                                                                        contracts or other
                                                                        403(b) arrangements,         o Regular contributions may
                                                                        qualified plans, and           not exceed $4,000 for 2007
                                                                        governmental employer          and $5,000 for 2008.
                                                                        457(b) plans.
                                                                                                     o Rollover and direct transfer
                                                                      o Rollovers from another         contributions after age
                                                                        traditional individual         70-1/2 must be net of
                                                                        retirement arrangement.        required minimum
                                                                                                       distributions.
                                                                      o Direct custodian-to-
                                                                        custodian transfers from     o Although we accept rollover
                                                                        another traditional            and direct transfer
                                                                        individual retirement          contributions under the
                                                                        arrangement.                   Flexible Premium IRA
                                                                                                       contract, we intend that
                                                                                                       this contract be used for
                                                                                                       ongoing regular
                                                                                                       contributions.

                                                                                                     o Additional catch-up contri-
                                                                                                       butions of up to $1,000 made
                                                                                                       per calendar year where the
                                                                                                       owner is at least age 50 but
                                                                                                       under age 70-1/2 at any time
                                                                                                       during the calendar year
                                                                                                       for which the contribution
                                                                                                       is made.
- ------------------------------------------------------------------------------------------------------------------------------------



26 Contract features and benefits







- ------------------------------------------------------------------------------------------------------------------------------------
                   Available
                   for owner
                   and annuitant       Minimum
 Contract type     issue ages          contributions                   Source of contributions       Limitations on contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                         
Flexible Premium   20 through 85       o $4,000 (initial)              o Regular after-tax contribu- o No additional contributions
Roth IRA                               o $50 (additional)                tions.                        may be made after the
                                       o $50 monthly or quarterly                                      attainment of age 86, or,
                                         under our automatic invest-   o Additional catch-up contri-   if later, the first
                                         ment program (additional)       butions.                      contract date anniversary.*

                                                                       o Rollovers from another
                                                                         Roth IRA.                   o Regular Roth IRA contribu-
                                                                                                       tions may not exceed
                                                                       o Rollovers from a "desig-      $4,000 for 2007 and
                                                                         nated Roth contribution       $5,000 for 2008.
                                                                         account" under a 401(k)
                                                                         plan or 403(b) arrange-     o Contributions are subject to
                                                                         ment.                         income limits and other tax
                                                                                                       rules.
                                                                       o Conversion rollovers from a
                                                                         traditional IRA.            o Although we accept rollover
                                                                                                       and direct transfer contribu-
                                                                       o Direct transfers from         tions under the Flexible
                                                                         another Roth IRA.             Premium Roth IRA contract,
                                                                                                       we intend that this contract
                                                                                                       be used for ongoing regular
                                                                                                       Roth IRA contributions.

                                                                                                       o Additional catch-up contri-
                                                                                                       butions of up to $1,000 per
                                                                                                       calendar year where the
                                                                                                       owner is at least age 50 at
                                                                                                       any time during the calendar
                                                                                                       year for which the contribu-
                                                                                                       tion is made.
- ------------------------------------------------------------------------------------------------------------------------------------



                                              Contract features and benefits 27






- ------------------------------------------------------------------------------------------------------------------------------------
                    Available
                   for owner
                   and annuitant    Minimum
 Contract type     issue ages      contributions            Source of contributions       Limitations on contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                               
Inherited IRA      0-70            o $5,000 (initial)       o  Direct custodian-to-        o Any additional contributions
Beneficiary                        o $1,000 (additional)       custodian transfers of your   must be from the same type
Continuation                                                   interest as a death benefi-   of IRA of the same deceased
Contract (tradi-                                               ciary of the deceased         owner.
tional IRA or                                                  owner's traditional indi-
Roth IRA)                                                      vidual retirement           o Non-spousal beneficiary
                                                               arrangement or Roth IRA to    direct rollover contributions
                                                               an IRA of the same type.      from qualified plans, 403(b)
                                                                                             arrangements and govern-
                                                                                             mental employer 457(b)
                                                                                             plans may be made to a
                                                                                             traditional Inherited IRA
                                                                                             contract under specified
                                                                                             circumstances.
- ------------------------------------------------------------------------------------------------------------------------------------




+ Additional contributions may not be permitted under certain conditions in
  your state. Please see Appendix VII later in the Prospectus to see if
  additional contributions are permitted
  in your state. If you are participating in a Principal guarantee benefit,
  contributions will only be permitted for the first six months after the
  contract is issued and no further contributions will be permitted for the life
  of the contract. For the Guaranteed withdrawal benefit for life option,
  additional contributions are not permitted after the later of: (i) the end of
  the first contract year, and (ii) the date you make your first withdrawal.

* Please see Appendix VII later in this Prospectus for state variations.


See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.

28 Contract features and benefits



OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general, we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gift to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary.


If you are purchasing this contract to fund a charitable remainder trust and
elect either the Guaranteed minimum income benefit ("GMIB") or the Guaranteed
withdrawal benefit for life ("GWBL"), or an enhanced death benefit, you should
strongly consider "split-funding": that is, the trust holds investments in
addition to this Accumulator(R) contract. Charitable remainder trusts are
required to take specific distributions. The charitable remainder trust annual
withdrawal requirement may be equal to a percentage of the donated amount or a
percentage of the current value of the donated amount. If your Accumulator(R)
contract is the only source for such distributions, the payments you need to
take may significantly reduce the value of those guaranteed benefits. Such
amount may be greater than the annual increase in the GMIB, GWBL and/or the
enhanced death benefit base and/or greater than the Guaranteed annual
withdrawal amount under GWBL. See the discussion of these benefits later in
this section.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract. See "Inherited IRA beneficiary
continuation contract" later in this section for Inherited IRA owner and
annuitant requirements.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. We do
not permit joint annuitants unless you elect the Guaranteed withdrawal benefit
for life on a Joint life basis, and the contract is owned by a non-natural
owner. Under QP contracts, all benefits are based on the age of the annuitant.

HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.


For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealers.
Additional contributions may also be made under our automatic investment
program. These methods of payment are discussed in detail in "More information"
later in this Prospectus.


- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain this
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?


You can choose from among the variable investment options, the guaranteed
interest option, the fixed maturity options and the account for special dollar
cost averaging. If you elect the Guaranteed withdrawal benefit for life or the
100% Principal guarantee benefit, your investment options will be limited to
the guaranteed interest option, the account for special dollar cost averaging
and the following variable investment options: the AXA Allocation portfolios
and the EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").

If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the AXA Moderate Allocation portfolio.

VARIABLE INVESTMENT OPTIONS


Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net

                                              Contract features and benefits  29




return, after charges and expenses, may result in negative yields, including
for the EQ/Money Market variable investment option. Listed below are the
currently available portfolios, their investment objectives and their advisers.



30  Contract features and benefits



PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
contract. These portfolios may even have the same manager(s) and/or a similar
name. However, there are numerous factors that can contribute to differences in
performance between two investments, particularly over short periods of time.
Such factors may include fees and expenses; the timing of stock purchases and
sales; differences in fund cash flows; and specific strategies employed by the
portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST                                                                   INVESTMENT MANAGER (OR SUB-ADVISER(S), AS
PORTFOLIO NAME(*)              OBJECTIVE                                                APPLICABLE)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                  
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                     o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                     o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a        o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current          o AXA Equitable
                              income
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current          o AXA Equitable
 ALLOCATION                   income, with a greater emphasis on capital
                              appreciation
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                              o AllianceBernstein L.P.
 EQUITY(1)                                                                              o ClearBridge Advisors, LLC
                                                                                        o Legg Mason Capital Management, Inc.
                                                                                        o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and            o BlackRock Financial Management, Inc.
                              capital appreciation, consistent with a prudent           o Pacific Investment Management Company LLC
                              level of risk.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                              o A I M Capital Management, Inc.
                                                                                        o RCM Capital Management LLC
                                                                                        o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current        o Pacific Investment Management Company LLC
                              income and capital appreciation.                          o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                              o AllianceBernstein L.P.
 EQUITY(5)                                                                              o JPMorgan Investment Management Inc.
                                                                                        o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------




                                               Contract features and benefits 31






- ------------------------------------------------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST                                                                   INVESTMENT MANAGER (OR SUB-ADVISER(S), AS
PORTFOLIO NAME(*)              OBJECTIVE                                                APPLICABLE)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                  
MULTIMANAGER LARGE CAP         Long-term growth of capital.                             o AllianceBernstein L.P.
 CORE EQUITY(6)                                                                         o Janus Capital Management LLC
                                                                                        o Thornburg Investment Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                             o RCM Capital Management LLC
 GROWTH(7)                                                                              o TCW Investment Management Company
                                                                                        o T. Rowe Price Associates, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                             o AllianceBernstein L.P.
 VALUE(8)                                                                               o Institutional Capital LLC
                                                                                        o MFS Investment Management
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                             o AllianceBernstein L.P.
 GROWTH(9)                                                                              o Franklin Advisers, Inc.
                                                                                        o Provident Investment Counsel, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                             o AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                              o TCW Investment Management Company
                                                                                        o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                             o Firsthand Capital Management, Inc.
                                                                                        o RCM Capital Management LLC
                                                                                        o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST                                                                       INVESTMENT MANAGER (OR SUB-ADVISER(S), AS
PORTFOLIO NAME(*)              OBJECTIVE                                                APPLICABLE)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.            o AllianceBernstein L.P.
 MON STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                    o AllianceBernstein L.P.
 AND INCOME++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with     o AllianceBernstein L.P.
 MEDIATE GOVERNMENT            relative stability of principal.
 SECURITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.            o AllianceBernstein L.P.
 NATIONAL
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.            o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent          o AllianceBernstein L.P.
 BOND                          with moderate risk to capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.            o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                              o AllianceBernstein L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                    o Ariel Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         Seeks to increase value through bull markets and         o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY             bear markets using strategies that are designed
                               to limit exposure to general equity market risk.

- ------------------------------------------------------------------------------------------------------------------------------------




32 Contract features and benefits







- ------------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST                                                                  INVESTMENT MANAGER (OR SUB-ADVISER(S), AS
PORTFOLIO NAME(*)             OBJECTIVE                                            APPLICABLE)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                             
EQ/BLACKROCK BASIC VALUE      Seeks capital appreciation and secondarily, income.  o BlackRock Investment Management, LLC
 EQUITY(12)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term        o BlackRock Investment Management Interna-
 VALUE(13)                    growth of income, accompanied by growth of capital.    tional Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to          o Boston Advisors, LLC
 INCOME                       achieve an above-average and consistent total
                              return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.                o Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                       o Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.                   o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.              o Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.        o Capital Guardian Trust Company
 RESEARCH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.        o Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.                    o Caywood-Scholl Capital Management
 YIELD BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.                   o Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that            o AllianceBernstein L.P.
                              approximates the total return performance of the
                              S&P 500 Index, including reinvestment of
                              dividends, at a risk level consistent with that
                               of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.             o Evergreen Investment Management
 BOND                                                                                Company, LLC
                                                                                   o First International Fund Advisors (dba
                                                                                     "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.                      o Evergreen Investment Management
                                                                                   Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.                   o Fidelity Management & Research Company

- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.                o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining           o Franklin Advisers, Inc.
                              prospects for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.                        o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and             o AXA Equitable
 FOUNDING STRATEGY(**)        secondarily seeks income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.               o GAMCO Asset Management Inc.
 ACQUISITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.              o GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.               o MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   Seeks long-term growth of capital.                   o Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------



                                              Contract features and benefits 33







- ------------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST                                                                   INVESTMENT MANAGER (OR SUB-ADVISER(S), AS
PORTFOLIO NAME(*)              OBJECTIVE                                            APPLICABLE)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                              
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent      o JPMorgan Investment Management Inc.
                               with moderate risk to capital and maintenance of
                               liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.                      o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                   o Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation    o BlackRock Financial Management, Inc.
                               through investment in long-maturity debt
                               obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without    o Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with       o Lord, Abbett & Co. LLC
 CORE                          reasonable risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                o Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                   o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.           o MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary   o MFS Investment Management
                               objective to seek reasonable current income. For
                               purpose of this Portfolio, the words "reasonable
                               current income" mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income,      o The Dreyfus Corporation
                               preserve its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.               o Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES              Seeks capital appreciation, which may occasionally    o Franklin Mutual Advisers, LLC
                              short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL         Seeks capital appreciation.                           o OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET    Seeks long-term capital appreciation.                 o OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET    Seeks capital appreciation.                           o OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN          Seeks maximum real return consistent with             o Pacific Investment Management Company, LLC
                              perservation of real capital and prudent
                              investment management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND        Seeks current income with reduced volatility of       o BlackRock Financial Management, Inc.
                              principal.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+           Seeks capital appreciation.                           o Lazard Asset Management LLC
                                                                                    o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+      Seeks to achieve capital appreciation.                o Bear Stearns Asset Management Inc.
                                                                                    o Eagle Asset Management, Inc.
                                                                                    o Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX        Seeks to replicate as closely as possible             o AllianceBernstein L.P.
                              before the deduction of portfolio expenses) the
                              total return of the Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++               Seeks to achieve long-term capital appreciation.      o TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------




34 Contract features and benefits







- ------------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST                                                                   INVESTMENT MANAGER (OR SUB-ADVISER(S), AS
PORTFOLIO NAME(*)              OBJECTIVE                                            APPLICABLE)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                            
EQ/TEMPLETON GROWTH            Seeks long-term capital growth.                     o Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME       Seeks to achieve total return through capital       o UBS Global Asset Management
                               appreciation with income as a secondary              (Americas) Inc.
                               consideration.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK         Capital growth and income.                          o Morgan Stanley Investment
                                                                                     Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING         Seeks long-term capital appreciation.               o Morgan Stanley Investment
 MARKETS EQUITY                                                                      Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP          Capital growth.                                     o Morgan Stanley Investment
 GROWTH                                                                              Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY      Seeks long-term capital appreciation.               o Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL
FUNDS, INC.
PORTFOLIO NAME                 OBJECTIVE                                           INVESTMENT MANAGER
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++ Seeks to provide above average current income and   Van Kampen (is the name under which Morgan
                               long-term capital appreciation by investing         Stanley Investment Management Inc. does business
                               primarily in equity securities of companies in      in certain situations)
                               the U.S. real estate industry, including
                               real estate investment trusts.
- ------------------------------------------------------------------------------------------------------------------------------------





(*) This portfolio information reflects the portfolio's name change
    effective on or about May 29, 2007, subject to regulatory approval. The
    chart below reflects the portfolio's name in effect, until on or about
    May 29, 2007. The number in the "FN" column corresponds with the number
    contained in the table above.



- --------------------------------------------------------
    FN    Portfolio Name until May 29, 2007
- --------------------------------------------------------
    (1)   AXA Premier VIP Aggressive Equity
- --------------------------------------------------------
    (2)   AXA Premier VIP Core Bond
- --------------------------------------------------------
    (3)   AXA Premier VIP Health Care
- --------------------------------------------------------
    (4)   AXA Premier VIP High Yield
- --------------------------------------------------------
    (5)   AXA Premier VIP International Equity
- --------------------------------------------------------
    (6)   AXA Premier VIP Large Cap Core Equity
- --------------------------------------------------------
    (7)   AXA Premier VIP Large Cap Growth
- --------------------------------------------------------
    (8)   AXA Premier VIP Large Cap Value
- --------------------------------------------------------
    (9)   AXA Premier VIP Mid Cap Growth
- --------------------------------------------------------
    (10)  AXA Premier VIP Mid Cap Value
- --------------------------------------------------------
    (11)  AXA Premier VIP Technology
- --------------------------------------------------------
    (12)  EQ/Mercury Basic Value Equity
- --------------------------------------------------------
    (13)  EQ/Mercury International Value
- --------------------------------------------------------




**  This investment option will be available on or about May 29, 2007,
    subject to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this Portfolio.


YOU SHOULD CONSIDER THE INVESTMENT OBJECTIVE, RISKS, AND CHARGES AND EXPENSES
OF THE PORTFOLIOS CAREFULLY BEFORE INVESTING. THE PROSPECTUSES FOR THE
PORTFOLIOS CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE PORTFOLIOS.
THE PROSPECTUSES SHOULD BE READ CAREFULLY BEFORE INVESTING. IN ORDER TO OBTAIN
COPIES OF TRUST PROSPECTUSES THAT DO NOT ACCOMPANY THIS PROSPECTUS, YOU MAY
CALL ONE OF OUR CUSTOMER SERVICE REPRESENTATIVES AT 1-800-789-7771.

                                               Contract features and benefits 35



GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.


We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges and any optional benefit
charges. See Appendix VII later in this Prospectus for state variations.

Depending on the state where your contract is issued, your lifetime minimum
rate ranges from 1.00% to 3.00%. The data page for your contract shows the
lifetime minimum rate. Check with your financial professional as to which rate
applies in your state. The minimum yearly rate will never be less than the
lifetime minimum rate. The minimum yearly rate for 2007 is 3.00%. Current
interest rates will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers from the guaranteed
interest option.

FIXED MATURITY OPTIONS


We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VII later in this Prospectus to see
if fixed maturity options are available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options generally range from one to ten years to maturity.
- --------------------------------------------------------------------------------

On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) contract, a 60-day rate lock-in will apply from the date
the application is signed. Any contributions received and designated for a
fixed maturity option during this period will receive the then current fixed
maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a) transfer the maturity value into another available fixed maturity option,
     any of the variable investment options or the guaranteed interest option;
     or

(b) withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available, we will transfer your maturity value to the
EQ/Money Market option.


MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract, or when we make deductions for charges) from a
fixed maturity option before it matures we will make a market value adjustment,
which will increase or decrease any fixed maturity amount you have in that
fixed maturity option. A market value adjustment will also apply if amounts in
a fixed maturity option are used to purchase any annuity payment option prior
to the maturity date and may apply on payment of a death benefit. The market
value adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount
applied to an annuity payout option will reflect the application of any
applicable

36  Contract features and benefits



market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:

(a) the difference between the rate to maturity that applies to the amount
    being withdrawn and the rate we have in effect at that time for new fixed
    maturity options (adjusted to reflect a similar maturity date), and

(b) the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.


We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

The account for special dollar cost averaging is part of our general account.
We pay interest at guaranteed rates in this account. We will credit interest to
the amounts that you have in the account for special dollar cost averaging
every day. We set the interest rates periodically, according to procedures that
we have. We reserve the right to change these procedures.

We guarantee to pay our current interest rate that is in effect on the date
that your contribution is allocated to this account. Your guaranteed interest
rate for the time period you select will be shown in your contract for an
initial contribution. The rate will never be less than the lifetime minimum
rate for the guaranteed interest option. See "Allocating your contributions"
below for rules and restrictions that apply to the special dollar cost
averaging program.

ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION


You may allocate your contributions to one or more, or all, of the variable
investment options, the guaranteed interest option (subject to restrictions in
certain states-see Appendix VII later in this Prospectus for state variations)
and fixed maturity options. Allocations must be in whole percentages and you
may change your allocations at any time. The total of your allocations into all
available investment options must equal 100%. If an owner or annuitant is age
76-80, you may allocate contributions to fixed maturity options with maturities
of seven years or less. If an owner or annuitant is age 81 or older, you may
allocate contributions to fixed maturity options with maturities of five years
or less. Also, you may not allocate amounts to fixed maturity options with
maturity dates that are later than the date annuity payments are to begin.


DOLLAR COST AVERAGING


We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options or the
guaranteed interest option.


- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

SPECIAL DOLLAR COST AVERAGING PROGRAM. Under the special dollar cost averaging
program, you may choose to allocate all or a portion of any eligible
contribution to the account for special dollar cost averaging. Contributions
into the account for special dollar cost averaging may not be transfers from
other investment options. Your initial allocation to any special dollar cost
averaging program time period must be at least $2,000 and any subsequent
contribution to that same time period must be at least $250. You may only have
one time period in effect at any time and once you select a time period, you
may not change it. In Pennsylvania, we refer to this program as "enhanced rate
dollar cost averaging."


You may have your account value transferred to any of the variable investment
options available under your contract. Only the permitted variable investment
options are available if you elect the Guaranteed withdrawal benefit for life
or the 100% Principal guarantee benefit. Only the AXA Moderate Allocation
portfolio is available if you elect the 125% Principal guarantee benefit. We
will transfer amounts from the


                                              Contract features and benefits  37



account for special dollar cost averaging into the variable investment options
over an available time period that you select. We offer time periods of 3, 6 or
12 months, during which you will receive an enhanced interest rate. We may also
offer other time periods. Your financial professional can provide information
on the time periods and interest rates currently available in your state, or
you may contact our processing office. If the special dollar cost averaging
program is selected at the time of application to purchase the Accumulator(R)
contract, a 60 day rate lock will apply from the date of application. Any
contribution(s) received during this 60 day period will be credited with the
interest rate offered on the date of application for the remainder of the time
period selected at application. Any contribution(s) received after the 60 day
rate lock period has ended will be credited with the then current interest rate
for the remainder of the time period selected at application. Contribution(s)
made to a special dollar cost averaging program selected after the
Accumulator(R) contract has been issued will be credited with the then current
interest rate on the date the contribution is received by AXA Equitable for the
time period initially selected by you. Once the time period you selected has
run, you may then select another time period for future contributions. At that
time, you may also select a different allocation for transfers to the variable
investment options, or, if you wish, we will continue to use the selection that
you have previously made. Currently, your account value will be transferred
from the account for special dollar cost averaging into the variable investment
options on a monthly basis. We may offer this program in the future with
transfers on a different basis.

We will transfer all amounts out of the account for special dollar cost
averaging by the end of the chosen time period. The transfer date will be the
same day of the month as the contract date, but not later than the 28th day of
the month. For a special dollar cost averaging program selected after
application, the first transfer date and each subsequent transfer date for the
time period selected will be one month from the date the first contribution is
made into the special dollar cost averaging program, but not later than the
28th day of the month.

If you choose to allocate only a portion of an eligible contribution to the
account for special dollar cost averaging, the remaining balance of that
contribution will be allocated to the variable investment options, guaranteed
interest option or fixed maturity options according to your instructions.

The only transfers that will be made from the account for special dollar cost
averaging are your regularly scheduled transfers to the variable investment
options. No amounts may be transferred from the account for special dollar cost
averaging to the guaranteed interest option or the fixed maturity options. If
you request to transfer or withdraw any other amounts from the account for
special dollar averaging, we will transfer all of the value that you have
remaining in the account for special dollar cost averaging to the investment
options according to the allocation percentages for special dollar cost
averaging we have on file for you. You may ask us to cancel your participation
at any time.


GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options (subject to restrictions in certain states.
See Appendix VII later in this Prospectus.) You can select to have transfers
made on a monthly, quarterly or annual basis. The transfer date will be the
same calendar day of the month as the contract date, but not later than the
28th day of the month. You can also specify the number of transfers or instruct
us to continue making the transfers until all amounts in the EQ/Money Market
option have been transferred out. The minimum amount that we will transfer each
time is $250.


If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.

If you elect the Guaranteed withdrawal benefit for life, general dollar cost
averaging is not available.

INVESTMENT SIMPLIFIER

FIXED-DOLLAR OPTION.  Under this option you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.

In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. Unlike the account for special dollar cost averaging,
this option does not offer enhanced rates. Also, the option is subject to the
guaranteed interest option transfer limitations described under "Transferring
your account value" in "Transferring your money among investment options" later
in this Prospectus. While the program is running, any transfer that exceeds
those limitations will cause the program to end for that contract year. You
will be notified. You must send in a request form to resume the program in the
next or subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.

INTEREST SWEEP OPTION.  Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. The transfer date
will be the last business day

38  Contract features and benefits



of the month. The amount we will transfer will be the interest credited to
amounts you have in the guaranteed interest option from the last business day
of the prior month to the last business day of the current month. You must have
at least $7,500 in the guaranteed interest option on the date we receive your
election. We will automatically cancel the interest sweep program if the amount
in the guaranteed interest option is less than $7,500 on the last day of the
month for two months in a row. For the interest sweep option, the first monthly
transfer will occur on the last business day of the month following the month
that we receive your election form at our processing office.

                       ----------------------------------


You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program, you may participate in any of the dollar cost averaging
programs except general dollar cost averaging. You may only participate in one
dollar cost averaging program at a time. See "Transferring your money among
investment options" later in this Prospectus. Also, for information on how the
dollar cost averaging program you select may affect certain guaranteed benefits
see "Guaranteed minimum death benefit and Guaranteed minimum income benefit
base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in every state. See Appendix VII later in this
Prospectus for more information on state availability.


GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits, as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.


STANDARD DEATH BENEFIT. Your benefit base is equal to:

o   your initial contribution and any additional contributions to the contract;
    less


o   a deduction that reflects any withdrawals you make (including any applicable
    withdrawal charges). The amount of this deduction is described under "How
    withdrawals affect your Guaranteed minimum income benefit, Guaranteed
    minimum death benefit and Principal guarantee benefits" in "Accessing your
    money" later in this Prospectus. The amount of any withdrawal charge is
    described under "Withdrawal charge" in "Charges and expenses" later in the
    Prospectus.

6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o   your initial contribution and any additional contributions to the contract;
    plus

o   daily roll-up; less


o   a deduction that reflects any withdrawals you make (including any applicable
    withdrawal charges). The amount of this deduction is described under "How
    withdrawals affect your Guaranteed minimum income benefit, Guaranteed
    minimum death benefit and Principal guarantee benefits" in "Accessing your
    money" and the section entitled "Charges and expenses" later in this
    Prospectus. The amount of any withdrawal charge is described under
    "Withdrawal charge" in "Charges and expenses" later in the Prospectus.


The effective annual roll-up rate credited to the benefit base is:


o   6% with respect to the variable investment options (other than
    EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market
    and EQ/Short Duration Bond), and the account for special dollar cost
    averaging; the effective annual rate may be 4% in some states. Please see
    Appendix VII later in this Prospectus to see what applies in your state;
    and


o   3% with respect to the EQ/AllianceBernstein Intermediate Government
    Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed
    maturity options, the guaranteed interest option and the loan reserve
    account under Rollover TSA (if applicable).


The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday. For
contracts with non-natural owners, the benefit base stops rolling up after the
contract date anniversary following the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your
benefit base is equal to the greater of either:


o   your initial contribution to the contract (plus any additional
    contributions),

                                       or


o   your highest account value on any contract date anniversary up to the
    contract date anniversary following the owner's (or older joint owner's,
    if applicable) 85th birthday, plus any contributions made since the most
    recent Annual Ratchet,

                                      less

o a deduction that reflects any withdrawals you make (including any applicable
    withdrawal charges). The amount of the deduction is described under "How
    withdrawals affect your Guaranteed minimum income benefit, Guaranteed
    minimum death benefit and Principal guarantee benefits" in "Accessing your
    money" later in


                                              Contract features and benefits  39




   this Prospectus. The amount of any withdrawal charge is described under
   "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's age.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is equal
to the greater of the benefit base computed for the 6% Roll-Up to age 85 or the
benefit base computed for the Annual Ratchet to age 85, as described
immediately above, on each contract date anniversary. For the Guaranteed
minimum income benefit, the benefit base is reduced by any applicable
withdrawal charge remaining when the option is exercised. For more information,
see "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

In Washington a different roll-up rate applies to the Greater of 6% Roll-Up to
age 85 or Annual Ratchet to age 85 enhanced death benefit. See Appendix VII
later in this Prospectus.

GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET.  If both the Guaranteed minimum income benefit AND the
Greater of the 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death
benefit (the "Greater of enhanced death benefit") are elected, you may reset
the Roll-Up benefit base for these guaranteed benefits to equal the account
value on any contract date anniversary until age 75. The reset amount would
equal the account value as of the contract date anniversary on which you reset
your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.


We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
until the next contract date anniversary. If after your death your spouse
continues this contract, the benefit base will be eligible to be reset on each
contract date anniversary, if applicable. The last age at which the benefit
base is eligible to be reset is owner (or older joint owner, if applicable) age
75. For contracts with non-natural owners, reset eligibility is based on the
annuitant's age.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of the reset: you may not exercise until the tenth contract date
anniversary following the reset or, if later, the earliest date you would have
been permitted to exercise without regard to the reset. See "Exercise rules"
under "Guaranteed minimum income benefit option" below for more information.
Please note that in almost all cases, resetting your Roll-Up benefit base will
lengthen the exercise waiting period. Also, even when there is no additional
charge when you reset your Roll-Up benefit base, the total dollar amount
charged on future contract date anniversaries may increase as a result of the
reset since the charges may be applied to a higher benefit base than would have
been otherwise applied. See "Charges and expenses" in the Prospectus.

If you are a traditional IRA, TSA or QP contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required minimum
distributions with respect to this contract. If you must begin taking lifetime
required minimum distributions during the 10-year waiting period, you may want
to consider taking the annual lifetime required minimum distribution calculated
for this contract from another traditional IRA, TSA or QP contract that you
maintain. If you withdraw the lifetime required minimum distribution from this
contract, and the required minimum distribution is more than 6% of the reset
benefit base, the withdrawal would cause a pro-rata reduction in the benefit
base. Alternatively, resetting the benefit base to a larger amount would make
it less likely that the required minimum distributions would exceed the 6%
threshold. See "Lifetime required minimum distribution withdrawals" and "How
withdrawals affect your Guaranteed minimum income benefit and Guaranteed
minimum death benefit" in "Accessing your money." Also, see "Required minimum
distributions" under "Individual retirement arrangements (IRAs)" and
"Tax-sheltered annuity contracts (TSAs)" in "Tax information" and Appendix II -
"Purchase considerations for QP Contracts," later in this Prospectus.

The Roll-Up benefit base for both the "Greater of" enhanced death benefit and
the Guaranteed minimum income benefit are reset simultaneously when you request
a Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed under "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
under "Your annuity payout options" in "Accessing your money" later in this
Prospectus. Annuity purchase factors are based on interest rates, mortality
tables, frequency of payments, the form of annuity benefit, and the owner's
(and any joint owner's) age and sex in certain instances. We may provide more
favorable current annuity purchase factors for the annuity payout options but
we will always use the guaranteed purchase factors to determine your periodic
payments under the Guaranteed minimum income benefit.

GUARANTEED MINIMUM INCOME BENEFIT OPTION


The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly
owned, the Guaranteed minimum income benefit will be calculated on the basis of
the older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.


If you are purchasing this contract as an Inherited IRA or if you elect a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life, the
Guaranteed minimum income benefit is not available. If you

40  Contract features and benefits




are using this contract to fund a charitable remainder trust, you will have to
take certain distribution amounts. You should consider split-funding so that
those distributions do not adversely impact your Guaranteed minimum income
benefit. See "Owner and annuitant requirements" earlier in this section. If the
owner was older than age 60 at the time an IRA, QP or Rollover TSA contract was
issued, the Guaranteed minimum income benefit may not be an appropriate feature
because the minimum distributions required by tax law generally must begin
before the Guaranteed minimum income benefit can be exercised.


If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. You choose which of these payout options you want
and whether you want the option to be paid on a single or joint life basis at
the time you exercise your Guaranteed minimum income benefit. The maximum
period certain available under the life with a period certain payout option is
10 years. This period may be shorter, depending on the owner's age, as follows:

- ----------------------------------------------------------
                    Level payments
- ----------------------------------------------------------
                        Period certain years
    Owner's    -------------------------------------------
  age at exercise        IRAs               NQ
- ----------------------------------------------------------
  75 and younger         10                 10
        76                9                 10
        77                8                 10
        78                7                 10
        79                7                 10
        80                7                 10
        81                7                  9
        82                7                  8
        83                7                  7
        84                6                  6
        85                5                  5
- ----------------------------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base, less any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. Therefore, even if your account value is less than your
benefit base, you may generate more income by applying your account value to
current annuity purchase factors. We will make this comparison for you when the
need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE". In general, if your
account value falls to zero (except as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year or in the first contract year, all contributions received in the
first 90 days), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o You will be issued a supplementary contract based on a single life with a
  maximum 10 year period certain. Payments will be made annually starting
  one year from the date the account value fell to zero.

o You will have 30 days from when we notify you to change the payout option
  and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o If your account value falls to zero due to a withdrawal that causes your
  total contract year withdrawals to exceed 6% of the Roll-Up benefit base
  (as of the beginning of the contract year);

o If your aggregate withdrawals during any contract year exceed 6% of the
  Roll-Up benefit base (as of the beginning of the contract year or in the
  first contract year, all contributions received in the first 90 days);

o Upon the contract date anniversary following the owner (or older joint owner,
  if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse

                                              Contract features and benefits  41



guarantee to terminate even if a withdrawal causes your total contract year
withdrawals to exceed 6% of your Roll-Up benefit base.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT.  Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals, or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options or the loan reserve account under Rollover TSA
contracts.

- ------------------------------------------------------------
                                     Guaranteed minimum
      Contract date               income benefit -- annual
 anniversary at exercise          income payable for life
- ------------------------------------------------------------
            10                           $10,065
            15                           $15,266
- ------------------------------------------------------------

EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us,
along with all required information within 30 days following your contract date
anniversary, in order to exercise this benefit. Upon exercise of the Guaranteed
minimum income benefit, the owner will become the annuitant, and the contract
will be annuitized on the basis of the owner's life. You will begin receiving
annual payments one year after the annuity payout contract is issued. If you
choose monthly or quarterly payments, you will receive your payment one month
or one quarter after the annuity payout contract is issued. You may choose to
take a withdrawal prior to exercising the Guaranteed minimum income benefit,
which will reduce your payments. You may not partially exercise this benefit.
See "Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death or, if later, the end of the period certain
(where the payout option chosen includes a period certain).

EXERCISE RULES. Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner's, if applicable) age as follows:

o If you were at least age 20 and no older than age 44 when the contract was
  issued, you are eligible to exercise the Guaranteed minimum income benefit
  within 30 days following each contract date anniversary beginning with the
  15th contract date anniversary.

o If you were at least age 45 and no older than age 49 when the contract was
  issued, you are eligible to exercise the Guaranteed minimum income benefit
  within 30 days following each contract date anniversary after age 60.

o If you were at least age 50 and no older than age 75 when the contract was
  issued, you are eligible to exercise the Guaranteed minimum income benefit
  within 30 days following each contract date anniversary beginning with the
  10th contract date anniversary.

Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit
      is within 30 days following the contract date anniversary following your
      85th birthday;

(ii)  if you were age 75 when the contract was issued or the Roll-Up benefit
      base was reset, the only time you may exercise the Guaranteed minimum
      income benefit is within 30 days following the contract date anniversary
      following your attainment of age 85;

(iii) for Accumulator(R) QP contracts, the Plan participant can exercise the
      Guaranteed minimum income benefit only if he or she elects to take a
      distribution from the Plan and, in connection with this distribution, the
      Plan's trustee changes the ownership of the contract to the participant.
      This effects a rollover of the Accumulator(R) QP contract into an
      Accumulator(R) Rollover IRA. This process must be completed within the
      30-day timeframe following the contract date anniversary in order for the
      Plan participant to be eligible to exercise. However, if the Guaranteed
      minimum income benefit is automatically exercised as a result of the no
      lapse guarantee, a rollover into an IRA will not be effected and payments
      will be made directly to the trustee;

(iv)  for Accumulator(R) Rollover TSA contracts, you may exercise the
      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Rollover IRA. This may only occur when you
      are eligible for a distribution from the TSA. This process must be
      completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise;

(v)   if you reset the Roll-Up benefit base (as described earlier in this
      section), your new exercise date will be the tenth contract date
      anniversary following the reset or, if later, the earliest date you would
      have been permitted to exercise without regard to the reset. Please note
      that in almost all cases, resetting your Roll-Up benefit base will
      lengthen the waiting period;

(vi)  a spouse beneficiary or younger spouse joint owner under Spousal
      continuation may only continue the Guaranteed minimum income benefit if
      the contract is not past the last date on which the original owner could
      have exercised the benefit. In addition, the spouse beneficiary or younger
      spouse joint owner must be eligible to continue the benefit and to
      exercise the benefit under the applicable exercise rule (described in the
      above bullets) using the following additional rules. The spouse
      beneficiary or younger spouse joint owner's age on the date of the owner's
      death replaces the owner's age at issue for purposes of determining the
      availability of the benefit and which of the exercise rules applies. The
      original contract issue date will continue to apply for purposes of the
      exercise rules;

(vii) if the contract is jointly owned, you can elect to have the Guaran-

42  Contract features and benefits



       teed minimum income benefit paid either: (a) as a joint life benefit or
       (b) as a single life benefit paid on the basis of the older owner's age;
       and

(viii) if the contract is owned by a trust or other non-natural person,
       eligibility to elect or exercise the Guaranteed minimum income benefit is
       based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.


GUARANTEED MINIMUM DEATH BENEFIT


This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions, adjusted for withdrawals (and any associated withdrawal
charges). The standard death benefit is the only death benefit available for
owners (or older joint owners, if applicable) ages 76 through 85 at issue. Once
your contract is issued, you may not change or voluntarily terminate your death
benefit.


If you elect one of the enhanced death benefits, the death benefit is equal to
your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, information and forms necessary to
effect payment, or your elected enhanced death benefit on the date of the
owner's (or older joint owner's, if applicable) death, adjusted for subsequent
withdrawals (and associated withdrawal charges), whichever provides the higher
amount. See "Payment of death benefit" later in this Prospectus for more
information.

Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.

If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. For
contracts with non-natural owners, the death benefit will be payable upon the
death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information" later in this Prospectus for more
information.

OPTIONAL ENHANCED DEATH BENEFIT APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA, FLEXIBLE PREMIUM ROTH IRA, AND ROLLOVER
TSA CONTRACTS; 20 THROUGH 70 AT ISSUE OF FLEXIBLE PREMIUM IRA CONTRACTS; 0
THROUGH 70 AT ISSUE FOR INHERITED IRA CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF
QP CONTRACTS. FOR CONTRACTS WITH NON-NATURAL OWNERS, THE AVAILABLE DEATH
BENEFITS ARE BASED ON THE ANNUITANT'S AGE.


Subject to state availability (see Appendix VII later in this Prospectus for
state availability of these benefits), you may elect one of the following
enhanced death benefits:


o Annual Ratchet to age 85.


o The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

If you are using this contract to fund a charitable remainder trust, you will
have to take certain distribution amounts. You should consider split-funding so
that those distributions do not adversely impact your enhanced death benefit.
See "Owner and annuitant requirements" earlier in this section.


See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced death benefit.


EARNINGS ENHANCEMENT BENEFIT


Subject to state and contract availability (see Appendix VII later in this
Prospectus for state availability of these benefits), if you are purchasing a
contract under which the Earnings enhancement benefit is available, you may
elect the Earnings enhancement benefit at the time you purchase your contract.
The Earnings enhancement benefit provides an additional death benefit as
described below. See the appropriate part of "Tax information" later in this
Prospectus for the potential tax consequences of electing to purchase the
Earnings enhancement benefit in an NQ, IRA or Rollover TSA contract. Once you
purchase the Earnings enhancement benefit you may not voluntarily terminate
this feature. If you elect the Guaranteed withdrawal benefit for life, the
Earnings enhancement benefit is not available.


If you elect the Earnings enhancement benefit described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

                                              Contract features and benefits  43



If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

o the account value or

o any applicable death benefit

decreased by:

o total net contributions


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions"
are reduced by the amount of that excess. Earnings enhancement benefit earnings
are equal to (a) minus (b) where (a) is the greater of the account value and
the death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals; and (ii) "Death benefit" is
equal to the greater of the account value as of the date we receive
satisfactory proof of death or any applicable Guaranteed minimum death benefit
as of the date of death.


If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o the account value or

o any applicable death benefit

decreased by:

o total net contributions

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns
age 80, except that the benefit will be reduced for withdrawals on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
the current account value that is being withdrawn and we reduce the benefit by
that percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is
$40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 X .40)
and the benefit after the withdrawal would be $24,000 ($40,000 - $16,000).

For contracts with non-natural owners, your eligibility to elect the Earnings
enhancement benefit will be calculated based on the annuitant's age.


For an example of how the Earnings enhancement death benefit is calculated,
please see Appendix VI.


For contracts continued under Spousal continuation upon the death of the spouse
(or older spouse, in the case of jointly owned contracts), the account value
will be increased by the value of the Earnings enhancement benefit as of the
date we receive due proof of death. The benefit will then be based on the age
of the surviving spouse as of the date of the deceased spouse's death for the
remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later
in this Prospectus for more information.


The Earnings enhancement benefit must be elected when the contract is first
issued: neither the owner nor the successor owner can add it subsequently. Ask
your financial professional or see Appendix VII later in this Prospectus to see
if this feature is available in your state.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit, the Earnings enhancement benefit or one of our
Principal guarantee benefits, described later in this Prospectus. You may elect
one of our automated payment plans or you may take partial withdrawals. All
withdrawals reduce your account value and Guaranteed minimum death benefit. See
"Accessing your money" later in this Prospectus. Your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the permitted variable investment options.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).


For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.


For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no longer married, you may
either: (i) drop the joint annuitant or (ii) replace the original joint
annuitant with the annuitant's new spouse. This can only be done before the
first withdrawal. After the first withdrawal, the joint annuitant may be
dropped but cannot be replaced. If

44  Contract features and benefits



the joint annuitant is dropped after withdrawals begin, the charge continues
based on a Joint life basis. Joint annuitants are not permitted under any other
contracts.

This benefit is not available under an Inherited IRA contract. Joint life QP
and TSA contracts are not permitted. If you are using this contract to fund a
charitable remainder trust, you will have to take certain distribution amounts.
You should consider split-funding so that those distributions do not adversely
impact your guaranteed withdrawal benefit for life. See "Owner and annuitant
requirements" earlier in this section.

The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o You plan to take withdrawals in excess of your Guaranteed annual withdrawal
  amount because those withdrawals may significantly reduce or eliminate the
  value of the benefit (see "Effect of Excess withdrawals" below in this
  section);

o You are interested in long term accumulation rather than taking withdrawals;

o You are using the contract to fund a Rollover TSA or QP contract where
  withdrawal restrictions will apply; or

o You plan to use it for withdrawals prior to age 59-1/2, as the taxable amount
  of the withdrawal will be includible in income and subject to an
  additional 10% federal income tax penalty, as discussed later in this
  Prospectus.

For traditional IRAs, TSA and QP contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.

GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o Your GWBL benefit base increases by any subsequent contributions.


o Your GWBL benefit base may be increased on each contract date anniversary, as
  described below under "Annual ratchet" and "5% deferral bonus."

o Your GWBL benefit base is not reduced by withdrawals except those withdrawals
  that cause total withdrawals in a contract year to exceed your Guaranteed
  annual withdrawal amount ("Excess withdrawal"). See "Effect of Excess
  withdrawals" below in this section.

GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. For contracts held by non-natural owners, the initial Applicable
percentage is based on the annuitant's age or on the younger annuitant's age,
if applicable, at the time of the first withdrawal. If your GWBL benefit base
ratchets, as described below in this section under "Annual ratchet," on any
contract date anniversary after you begin taking withdrawals, your Applicable
percentage may increase based on your attained age at the time of the ratchet.
The Applicable percentages are as follows:


- --------------------------------------------------------------------------------
Age                                       Applicable percentage
- --------------------------------------------------------------------------------
45-64                                     4.0%
65-74                                     5.0%
75-84                                     6.0%
85 and older                              7.0%
- --------------------------------------------------------------------------------

We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.

Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual withdrawal amount, but all withdrawals are counted toward
your free withdrawal amount. See "Withdrawal charge" in "Charges and expenses"
later in this Prospectus.

EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount. If you make an
Excess withdrawal, we will recalculate your GWBL benefit base and the
Guaranteed annual withdrawal amount, as follows:

     o     The GWBL benefit base is reset as of the date of the Excess
           withdrawal to equal the lesser of: (i) the GWBL benefit base
           immediately prior to the Excess withdrawal and (ii) the account
           value immediately following the Excess withdrawal.

     o     The Guaranteed annual withdrawal amount is recalculated
           to equal the Applicable percentage multiplied by the reset GWBL
           benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such with-

                                              Contract features and benefits  45



drawals may significantly reduce or eliminate the value of the GWBL benefit. If
your account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your Income base is $100,000 and your account value is
$80,000 when you decide to begin taking withdrawals at age 65. Your Guaranteed
annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You take an
initial withdrawal of $8,000. Since your Income base is immediately reset to
equal the lesser of your GWBL benefit base prior to the Excess withdrawal
($100,000) and your account value immediately following the Excess withdrawal
($80,000 minus $8,000), your GWBL benefit base is now $72,000. In addition,
your Guaranteed annual withdrawal amount is reduced to $3,600 (5.0% of
$72,000), instead of the original $5,000. See "How withdrawals affect your GWBL
and GWBL Guaranteed minimum death benefit" in "Accessing your money" later in
this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.

ANNUAL RATCHET


Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal amount will also be increased,
if applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.


5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.

SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.

GWBL GUARANTEED MINIMUM DEATH BENEFIT


There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-85, and (ii) the GWBL Enhanced death
benefit, which is available for an additional charge for owner issue ages
45-75. Please see Appendix VII later in this Prospectus to see if these
guaranteed death benefits are available in your state.


The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial
contribution and any additional contributions less a deduction that reflects
any withdrawals you make (see "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus).

The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:


o   Your GWBL Enhanced death benefit base increases by any subsequent
    contribution;


o   Your GWBL Enhanced death benefit base increases to equal your account value
    if ratcheted, as described above in this section;

o   Your GWBL Enhanced death benefit base increases by any 5% deferral bonus, as
    described above in this section;

46  Contract features and benefits



o   Your GWBL Enhanced death benefit base decreases by an amount which reflects
    any withdrawals you make;


See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death
benefit" in "Accessing your money" later in this Prospectus.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death adjusted for
any subsequent withdrawals (and associated withdrawal charges), whichever
provides a higher amount. For more information, see "Withdrawal charge" in
"Charges and expenses" later in the Prospectus.


EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO

If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.

However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  Your Accumulator(R) contract terminates and you will receive a supplementary
   life annuity contract setting forth your continuing benefits. The owner of
   the Accumulator(R) contract will be the owner and annuitant. The successor
   owner, if applicable, will be the joint annuitant. If the owner is
   non-natural, the annuitant and joint annuitant, if applicable, will be the
   same as under your Accumulator(R) contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.


o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual withdrawal amount for that contract year in a lump sum. Payment of
   the Guaranteed annual withdrawal amount will begin on the next contract
   date anniversary.


o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.

o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar for dollar
   basis as payments are made. If there is any remaining death benefit upon
   the death of the owner and successor owner, if applicable, we will pay it
   to the beneficiary.

o  The charge for the Guaranteed withdrawal benefit for life and the GWBL
   Enhanced death benefit will no longer apply.

o  If at the time of your death the Guaranteed annual withdrawal amount was
   being paid to you as a supplementary life annuity contract, your
   beneficiary may not elect the Beneficiary continuation option.

OTHER IMPORTANT CONSIDERATIONS


o  This benefit is not appropriate if you do not intend to take withdrawals
   prior to annuitization.


o  Amounts withdrawn in excess of your Guaranteed annual withdrawal amount may
   be subject to a withdrawal charge, if applicable, as described in "Charges
   and expenses" later in the Prospectus. In addition, all withdrawals count
   toward your free withdrawal amount for that contract year. Excess
   withdrawals can significantly reduce or completely eliminate the value of
   the GWBL and GWBL Enhanced death benefit. See "Effect of Excess
   withdrawals" above in this section and "How withdrawals affect your GWBL
   and GWBL Guaranteed minimum death benefit" in "Accessing your money" later
   in this Prospectus.

o  Withdrawals are not considered as annuity payments for tax purposes, and may
   be subject to an additional 10% federal income tax penalty before age
   59-1/2. See "Tax information" later in this Prospectus.

o  All withdrawals reduce your account value and Guaranteed minimum death
   benefit. See "How withdrawals are taken from your account value" and "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing
   your money" later in this Prospectus.

o  If you withdraw less than the Guaranteed annual withdrawal amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   withdrawal amount in any subsequent year.

o  The GWBL benefit terminates if the contract is continued under the
   beneficiary continuation option or under the Spousal continuation feature
   if the spouse is not the successor owner.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual withdrawal amount, all benefits
   under the contract will terminate, including the GWBL benefit.


o  If you transfer ownership of this contract, you terminate the GWBL benefit.
   See "Transfers of ownership, collateral assignments, loans and borrowing"
   in "More information" later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer and this
   contract without purchasing a withdrawal benefit.

o  For IRA, QP and TSA contracts, if you have to take a required minimum
   distribution ("RMD") and it is your first withdrawal under the contract,
   the RMD will be considered your "first withdrawal" for the purposes of
   establishing your GWBL Applicable percentage.


o  If you elect GWBL on a Joint life basis and subsequently get divorced, your
   divorce will not automatically terminate the contract.


                                              Contract features and benefits  47




   For both Joint life and Single life contracts, it is possible that the
   terms of your divorce decree could significantly reduce or completely
   eliminate the value of this benefit.


PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").

100% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 100%
Principal guarantee benefit is equal to your initial contribution and
additional permitted contributions, adjusted for withdrawals.


Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost
averaging and the permitted variable investment options.


125% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 125%
Principal guarantee benefit is equal to 125% of your initial contribution and
additional permitted contributions, adjusted for withdrawals.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost
averaging and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to
the allocation instructions for additional contributions we have on file. After
the benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to
the contract date anniversary following an owner's 85th birthday. If you elect
to reset the guaranteed amount, your benefit maturity date will be extended to
be the 10th contract date anniversary after the anniversary on which you reset
the guaranteed amount. This extension applies each time you reset the
guaranteed amount.


Neither PGB is available under Inherited IRA, Flexible Premium IRA and Flexible
Premium Roth IRA contracts. If you elect either PGB, you may not elect the
Guaranteed minimum income benefit, the Guaranteed withdrawal benefit for life,
the systematic withdrawals option or the substantially equal withdrawals
option. If you purchase a PGB, you may not make additional contributions to
your contract after six months from the contract issue date. If you are using
this contract to fund a charitable remainder trust, you will have to take
certain distribution amounts. You should consider split-funding so that those
distributions do not adversely impact your Principal guarantee benefit. See
"Owner and annuitant requirements" earlier in this section.


If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information" later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will
terminate your PGB and the charge. See "Non-spousal joint owner contract
continuation" in "Payment of death benefit" later in this Prospectus. The PGB
will terminate upon the exercise of the beneficiary continuation option. See
"Payment of death benefit" later in this Prospectus for more information about
the continuation of the contract after the death of the owner and/or the
annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your
contract beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only)
are not permitted under either PGB.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT

This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to
the beneficiary after the deceased owner's death. See the discussion of
required minimum distributions under "Tax information." This contract is
intended only for beneficiaries who want to take payments at least annually
over their life expectancy. These payments generally must begin (or must have
begun) no later than December 31 of the calendar year following the year the
deceased owner died. This contract is not suitable for beneficiaries electing
the "5-year rule." See "Beneficiary continuation option for IRA and Roth IRA
contracts" under "Beneficiary continuation option" in "Payment of death
benefit" later

48  Contract features and benefits




in this Prospectus. You should discuss with your tax adviser your own personal
situation. This contract may not be available in all states. Please speak with
your financial professional for further information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with
only individual beneficiaries will be treated as individuals for this purpose).
The contract must also contain the name of the deceased owner. In this
discussion, "you" refers to the owner of the inherited IRA beneficiary
continuation contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o    You must receive payments at least annually (but can elect to
     receive payments monthly or quarterly). Payments are generally made over
     your life expectancy determined in the calendar year after the deceased
     owner's death and determined on a term certain basis.

o    You must receive payments from this contract even if you are
     receiving payments from another IRA of the deceased owner in an amount
     that would otherwise satisfy the amount required to be distributed from
     this contract.

o    The beneficiary of the original IRA will be the annuitant under the
     inherited IRA beneficiary continuation contract. In the case where the
     beneficiary is a "See Through Trust," the oldest beneficiary of the trust
     will be the annuitant.

o    An inherited IRA beneficiary continuation contract is not available
     for owners over age 70.

o    The initial contribution must be a direct transfer from the
     deceased owner's original IRA and is subject to minimum contribution
     amounts. See "How you can purchase and contribute to your contract"
     earlier in this section.


o    Subsequent contributions of at least $1,000 are permitted but
     must be direct transfers of your interest as a beneficiary from another
     IRA with a financial institution other than AXA Equitable, where the
     deceased owner is the same as under the original IRA contract. A
     non-spousal beneficiary under an Applicable Plan cannot make subsequent
     contributions to an Inherited traditional IRA contract.


o    You may make transfers among the investment options.


o    You may choose at any time to withdraw all or a portion of the
     account value. Any partial withdrawal must be at least $300. Withdrawal
     charges will apply as described in "Charges and expenses" later in this
     Prospectus.


o    The Guaranteed minimum income benefit, Spousal continuation,
     special dollar cost averaging program, automatic investment program,
     Principal guarantee benefits, the Guaranteed withdrawal benefit for life
     and systematic withdrawals are not available under the Inherited IRA
     beneficiary continuation contract.

o    If you die, we will pay to a beneficiary that you choose the greater
     of the account value or the applicable death benefit.

o    Upon your death, your beneficiary has the option to continue tak
     ing required minimum distributions based on your remaining life expectancy
     or to receive any remaining interest in the contract in a single sum. The
     option elected will be processed when we receive satisfactory proof of
     death, any required instructions for the method of payment and any
     required information and forms necessary to effect payment. If your
     beneficiary elects to continue to take distributions, we will increase the
     account value to equal the applicable death benefit if such death benefit
     is greater than such account value as of the date we receive satisfactory
     proof of death and any required instructions, information and forms.
     Thereafter, withdrawal charges will no longer apply. If you had elected
     any enhanced death benefits, they will no longer be in effect and charges
     for such benefits will stop. The Guaranteed minimum death benefit will
     also no longer be in effect.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS


If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix VII to find out what
applies in your state.

Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification of your decision to cancel the contract and will reflect (i) any
investment gain or loss in the variable investment options (less the daily
charges we deduct), (ii) any guaranteed interest in the guaranteed interest
option, (iii) any positive or negative market value adjustments in the fixed
maturity options, and (iv) any interest in the account for special dollar cost
averaging, through the date we receive your contract. Some states require that
we refund the full amount of your contribution (not reflecting (i), (ii), (iii)
or (iv) above).


                                              Contract features and benefits  49



For any IRA contract returned to us within seven days after you receive it, we
are required to refund the full amount of your contribution.

We may require that you wait six months before you may apply for a contract
with us again if:

o you cancel your contract during the free look period; or

o you change your mind before you receive your contract whether we have
  received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA or Flexible Premium
Roth IRA contract, you may cancel your Roth Conversion IRA or Flexible Premium
Roth IRA contract and return to a Rollover IRA or Flexible Premium IRA
contract, whichever applies. Our processing office, or your financial
professional, can provide you with the cancellation instructions.

50  Contract features and benefits



2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE
Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; (iv) the account for special dollar cost
averaging; and (v) the loan reserve account (applies for Rollover TSA contracts
only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge, as well
as optional benefit charges; (ii) any applicable withdrawal charges; and (iii)
the amount of any outstanding loan plus accrued interest (applicable to
Rollover TSA contracts only). Please see "Surrendering your contract to receive
its cash value" in "Accessing your money" later in this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii) increased to reflect a transfer into, or decreased to reflect a
      transfer out of, a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from
      or to the loan reserve account under a Rollover TSA
      contract.

In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct
the annual administrative charge. A description of how unit values are
calculated is found in the SAI.

YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.

YOUR CONTRACT'S VALUE IN THE ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

Your value in the account for special dollar cost averaging at any time will
equal your contribution allocated to that option, plus interest, less the sum
of all amounts that have been transferred to the variable investment options
you have selected.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.


See Appendix VII later in this Prospectus for any state variations with regard
to terminating your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.

                                           Determining your contract's value  51



PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account
value is insufficient to pay charges, we will not terminate your contract if
you are participating in a PGB. Your contract will remain in force and we will
pay your guaranteed amount at the benefit maturity date.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to a GWBL Excess
withdrawal, we will terminate your contract and you will receive no payment or
supplementary life annuity contract, even if your GWBL benefit base is greater
than zero. If, however, your account value falls to zero, either due to a
withdrawal or surrender that is not a GWBL Excess withdrawal or due to a
deduction of charges, the benefit will still have value. See "Contract features
and benefits" earlier in this Prospectus.

52  Determining your contract's value



3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE
At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the investment options, subject to the
following:


o You may not transfer any amount to the account for special dollar cost
  averaging.

o You may not transfer to a fixed maturity option that has a rate to maturity
  of 3%.

o If an owner or annuitant is age 76-80, you must limit your transfers to fixed
  maturity options with maturities of seven years or less. If an owner or
  annuitant is age 81 or older, you must limit your transfers to fixed
  maturity options of five years or less. Also, the maturity dates may be no
  later than the date annuity payments are to begin.


o If you make transfers out of a fixed maturity option other than at its
  maturity date, the transfer may cause a market value adjustment.


Some states may have additional transfer restrictions. Please see Appendix VII
later in this Prospectus.


In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a) 25% of the amount you have in the guaranteed interest option on the last
    day of the prior contract year; or,

(b) the total of all amounts transferred at your request from the guaranteed
    interest option to any of the Investment options in the prior contract
    year; or,

(c) 25% of amounts transferred or allocated to the guaranteed interest option
    during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day that we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentages of your current account value to be
    transferred, and

(3) the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.

                            Transferring your money among investment options  53



We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows
you to rebalance your account value among the variable investment options.
Option II allows you to rebalance among the variable investment options and the
guaranteed interest option. Under both options, rebalancing is not available
for amounts you have allocated to the fixed maturity options.


In order to participate in one of our rebalancing programs, you must tell us:


   (a)  the percentage you want invested in each investment option (whole
        percentages only), and

   (b)  how often you want the rebalancing to occur (quarterly, semiannually,
        or annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer out of the guaranteed interest option to
initiate the rebalancing program will not be permit-

54  Transferring your money among investment options



ted if such transfer would violate these rules. If this occurs, the rebalancing
program will not go into effect.

You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.

If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.

                            Transferring your money among investment options  55



4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE
You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.


Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.

- --------------------------------------------------------------------------------
                                   Method of withdrawal
                     -----------------------------------------------------------
                                                 Pre-age        Lifetime
                                                 59-1/2         required
                                             Substantially       minimum
 Contract            Partial    Systematic       equal         distribution
- --------------------------------------------------------------------------------
NQ                    Yes          Yes             No            No
- --------------------------------------------------------------------------------
Rollover IRA          Yes          Yes            Yes            Yes
- --------------------------------------------------------------------------------
Flexible
 Premium IRA          Yes          Yes            Yes            Yes
- --------------------------------------------------------------------------------
Roth Conversion
 IRA                  Yes          Yes            Yes            No
- --------------------------------------------------------------------------------
Flexible Premium
 Roth IRA             Yes          Yes            Yes            No
- --------------------------------------------------------------------------------
Inherited IRA         Yes           No             No             *
QP**                  Yes           No             No            Yes
- --------------------------------------------------------------------------------
Rollover TSA***       Yes          Yes             No            Yes
- --------------------------------------------------------------------------------
*  This contract pays out post-death required minimum distributions. See
   "Inherited IRA beneficiary continuation contract" in "Contract features
   and benefits" earlier in this Prospectus.

** All payments are made to the trust as the owner of the contract.

***For some Rollover TSA contracts, your ability to take withdrawals, loans or
   surrender your contract may be limited. You must provide withdrawal
   restriction information when you apply for a contract. See "Tax Sheltered
   Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.


AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.


MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.


If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.

CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with any Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). Under Rollover TSA contracts, if a loan is
outstanding, you may only take partial withdrawals as long as the cash value
remaining after any withdrawal equals at least 10% of the outstanding loan plus
accrued interest.

Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.


56  Accessing your money



SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRA and QP contracts)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions.)

You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. Systematic withdrawals are not available if you have elected a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life.


SUBSTANTIALLY EQUAL WITHDRAWALS
(Rollover IRA, Roth Conversion IRA, Flexible Premium IRA and Flexible Premium
Roth IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Once you begin to take substantially equal withdrawals, you should
not stop them or change the pattern of your withdrawals until after the later
of age 59-1/2 or five full years after the first withdrawal. If you stop or
change the withdrawals or take a partial withdrawal, you may be liable for the
10% federal tax penalty that would have otherwise been due on prior withdrawals
made under this option and for any interest on the delayed payment of the
penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.


Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge.

The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.

LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, Flexible Premium IRA, QP and Rollover TSA contracts only -- See
"Tax information" later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or Guaranteed minimum income benefit, amounts
withdrawn from the contract to meet RMDs will reduce the benefit base and may
limit the utility of the benefit. Also, the actuarial present value of
additional contract benefits must be added to the account value in calculating
required minimum distribution withdrawals from annuity contracts funding
qualified plans, TSAs and IRAs, which could increase the amount required to be
withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA, Flexible Premium IRA, and Rollover TSA contracts, we will
send a form outlining the distribution options available in the year you reach
age 70-1/2 (if you have not begun your annuity payments before that time).
- --------------------------------------------------------------------------------

We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if,

                                                        Accessing your money  57




when added to a partial withdrawal previously taken in the same contract year,
the minimum distribution withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH GWBL. Generally, if you elect our Automatic RMD service, any
lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.


If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawals may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the
plan again at any time, but the scheduled payments will not resume until the
next contract date anniversary. Further, your GWBL benefit base and Guaranteed
annual withdrawal amount may be reduced. See "Effect of Excess Withdrawals" in
"Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT. The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6% of the Roll- Up benefit base (as of the beginning of
the contract year or in the first contract year, all contributions received in
the first 90 days).


Owners of tax-qualified contracts (IRA, TSA and QP) generally should not reset
the Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/Guaranteed minimum income benefit Roll-Up benefit base reset" in
"Contract features and benefits" earlier in this Prospectus.


HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and guaranteed interest option, any additional amount of the
withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options in the order of the earliest maturity date(s)
first. If the FMO amounts are insufficient, we will deduct all or a portion of
the withdrawal from the account for special dollar cost averaging. A market
value adjustment will apply to withdrawals from the fixed maturity options.

HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 X .40) and your new benefit after the withdrawal would be
$24,000 ($40,000 - $16,000).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% Roll-Up to age 85 benefit base on a dollar-for-dollar basis,
as long as the sum of withdrawals in a contract year is 6% or less of the 6%
Roll-Up benefit base on the contract issue date or the most recent contract
date anniversary, if later. For this purpose, in the first contract year, all
contributions received in the first 90 days after contract issue will be
considered to have been received on the first day of the contract year. In
subsequent contract years, additional contributions made during a contract year
do not affect the amount of withdrawals that can be taken on a dollar-for-dollar
basis in that contract year. Once a withdrawal is taken that causes the sum of
withdrawals in a contract year to exceed 6% of the benefit base on the most
recent anniversary, that entire withdrawal (including RMDs) and any subsequent
withdrawals in that same contract year will reduce the benefit base pro rata.
Reduction on a dollar-for-dollar basis means that your 6% Roll-Up to age 85
benefit base will be reduced by the dollar amount of the withdrawal for each
Guaranteed benefit. The Annual Ratchet to age 85 benefit base will always be
reduced on a pro rata basis.


HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT

Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the

58  Accessing your money



Guaranteed annual withdrawal amount. Withdrawals that exceed the Guaranteed
annual withdrawal amount, however, can significantly reduce your GWBL benefit
base and Guaranteed annual withdrawal amount. For more information, see "Effect
of Excess withdrawals" and "Other important considerations" under "Guaranteed
withdrawal benefit for life ("GWBL")" in "Contract features and benefits"
earlier in this Prospectus.


Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than
your account value (after the Excess withdrawal), we will further reduce your
GWBL Enhanced death benefit base to equal your account value.

For purposes of calculating your GWBL and GWBL Guaranteed minimum death benefit
amount, the amount of the Excess withdrawal will include the withdrawal amount
paid to you and the amount of the withdrawal charge deducted from your account
value. For more information on calculation of the charge, see "Withdrawal
charge" later in the Prospectus.


WITHDRAWALS TREATED AS SURRENDERS

If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. In addition, we
have the right to pay the cash value and terminate this contract if no
contributions are made during the last three completed contract years, and the
account value is less than $500, or if you make a withdrawal that would result
in a cash value of less than $500. The rules in the preceding sentence do not
apply if the Guaranteed minimum income benefit no lapse guarantee is in effect
on your contract. See "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.

SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. We will not treat
a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life " in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."


You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you
may only take a loan with the written consent of your spouse. If you elect the
GWBL option or a PGB, loans are not permitted. Your contract contains further
details of the loan provision. Please see Appendix VII later in this Prospectus
for any state restrictions you may be subject to if you take a loan from a
Rollover TSA contract. Also, see "Tax information" later in this Prospectus for
general rules applicable to loans.


We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of a loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan, including any
    accrued but unpaid loan interest, will be deducted from the death benefit
    amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the "loan reserve account." Unless you specify
otherwise, we will subtract your loan on a pro rata basis from your value in
the variable investment options and the guaranteed interest option. If those
amounts are insufficient, any additional amount of the loan will be subtracted
from the fixed maturity options in the order of the earliest maturity date(s)
first. A market value adjustment may apply. If such fixed maturity amounts are
insufficient, we will deduct all or a portion of the loan from the account for
special dollar cost averaging.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify otherwise, we will transfer the dollar amount of
the loan repaid from the

                                                        Accessing your money  59



loan reserve account to the investment options according to the allocation
percentages we have on our records.


The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts with non-natural owners, while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable) if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6% of the Roll-Up benefit base (as of the beginning of the contract
year). For more information, please see "Insufficient account value" in
"Determining your contract value" and "Guaranteed withdrawal benefit for life"
in "Contract features and benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal charge) and, upon surrender, payment of the cash
value. We may postpone such payments or applying proceeds for any period during
which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option, fixed maturity options and the account for special dollar cost
averaging (other than for death benefits) for up to six months while you are
living. We also may defer payments for a reasonable amount of time (not to
exceed 10 days) while we are waiting for a contribution check to clear.


All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.


YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) provide for conversion to
payout status at or before the contract's "maturity date." This is called
annuitization. When your contract is annuitized, your Accumulator(R) contract
and all its benefits will terminate and you will receive a supplemental annuity
payout contract ("payout option") that provides periodic payments for life or
for a specified period of time. In general, the periodic payment amount is
determined by the account value or cash value of your Accumulator(R) contract
at the time of annuitization and the annuity purchase factor to which that
value is applied, as described below. Alternatively, if you have a Guaranteed
minimum income benefit, you may exercise your benefit in accordance with its
terms.

Your Accumulator(R) contract guarantees that upon annuitization, your annuity
account value will be applied to a guaranteed annuity purchase factor for a
life annuity payout option. In addition, you may apply your account value or
cash value, whichever is applicable, to any other annuity payout option that we
may offer at the time of annuitization. We currently offer you several choices
of annuity payout options. Some enable you to receive fixed annuity payments,
which can be either level or increasing, and others enable you to receive
variable annuity payments. Please see Appendix VII later in this Prospectus for
variations that may apply in your state.


You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus for further information.

60  Accessing your money



- --------------------------------------------------------------------------------
Fixed annuity payout options          Life annuity
                                      Life annuity with period certain
                                      Life annuity with refund certain
                                      Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity            Life annuity
   payout options                     Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options       Life annuity with period certain
   (available for owners and annu-    Period certain annuity
   itants age 83 or less at contract
   issue)
- --------------------------------------------------------------------------------

o Life annuity: An annuity that guarantees payments for the rest of the
  annuitant's life. Payments end with the last monthly payment before the
  annuitant's death. Because there is no continuation of benefits following
  the annuitant's death with this payout option, it provides the highest
  monthly payment of any of the life annuity options, so long as the
  annuitant is living.

o Life annuity with period certain: An annuity that guarantees payments for the
  rest of the annuitant's life. If the annuitant dies before the end of a
  selected period of time ("period certain"), payments continue to the
  beneficiary for the balance of the period certain. The period certain
  cannot extend beyond the annuitant's life expectancy. A life annuity with
  a period certain is the form of annuity under the contract that you will
  receive if you do not elect a different payout option. In this case, the
  period certain will be based on the annuitant's age and will not exceed 10
  years.

o Life annuity with refund certain: An annuity that guarantees payments for the
  rest of the annuitant's life. If the annuitant dies before the amount
  applied to purchase the annuity option has been recovered, payments to the
  beneficiary will continue until that amount has been recovered. This
  payout option is available only as a fixed annuity.

o Period certain annuity: An annuity that guarantees payments for a specific
  period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
  not exceed the annuitant's life expectancy. This option does not guarantee
  payments for the rest of the annuitant's life. It does not permit any
  repayment of the unpaid principal, so you cannot elect to receive part of
  the payments as a single sum payment with the rest paid in monthly annuity
  payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life, and after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable income annuity
payout option. The amount of each variable income annuity payment will
fluctuate, depending upon the performance of the variable investment options,
and whether the actual rate of investment return is higher or lower than an
assumed base rate.

INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your Accumulator(R).

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) contract to
an Income Manager(SM) payout annuity. In this case, we will consider any amounts
applied as a withdrawal from your Accumulator(R) and we will deduct any
applicable withdrawal charge. For the tax consequences of withdrawals, see "Tax
information" later in this Prospectus.

The Income Manager(SM) payout options are not available in all states.


If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option, different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income Manager(SM) prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION

The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of

                                                        Accessing your money  61




your purchase as it relates to any withdrawal charges. If amounts in a fixed
maturity option are used to purchase any annuity payout option prior to the
maturity date, a market value adjustment will apply.


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your Accumulator(R) contract is imposed
if you select a non-life contingent period certain payout annuity. If the
period certain is more than 5 years, then the withdrawal charge deducted will
not exceed 5% of the account value.

For the Income Manager(SM) life contingent payout options, no withdrawal charge
is imposed under the Accumulator(R). If the withdrawal charge that otherwise
would have been applied to your account value under your Accumulator(R) is
greater than 2% of the contributions that remain in your contract at the time
you purchase your payout option, the withdrawal charges under the Income
Manager(SM) will apply. The year in which your account value is applied to the
payout option will be "contract year 1."


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.

You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) contract date. Except with respect to
the Income Manager(SM) annuity payout options, where payments are made on the
15th day of each month, you can change the date your annuity payments are to
begin anytime before that date as long as you do not choose a date later than
the 28th day of any month. Also, that date may not be later than the annuity
maturity date described below.


The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.

If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.

ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for
life," these payments will have the potential to increase with favorable
investment performance. Any remaining Guaranteed minimum death benefit value
will be transferred to the annuity payout contract as your "minimum death
benefit." If the enhanced death benefit had been elected, its value as of the
date the annuity payout contract is issued will become your minimum death
benefit, and it will no longer increase. The minimum death benefit will be
reduced dollar for dollar by each payment. If you die while there is any
minimum death benefit remaining, it will be paid to your beneficiary.

Please see Appendix VII later in this Prospectus for variations that may apply
in your state.


62  Accessing your money



5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS
We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o A mortality and expense risks charge

o An administrative charge

o A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o On each contract date anniversary -- an annual administrative charge, if
  applicable.

o At the time you make certain withdrawals or surrender your contract -- a
  withdrawal charge.

o On each contract date anniversary, a charge for each optional benefit that
  you elect: a death benefit (other than the Standard and GWBL Standard
  death benefit); the Guaranteed minimum income benefit; the Guaranteed
  withdrawal benefit for life; and the Earnings enhancement benefit.

o On any contract date anniversary on which you are participating in a PGB -- a
  charge for a PGB.

o At the time annuity payments are to begin -- charges designed to approximate
  certain taxes that may be imposed on us, such as premium taxes in your
  state. An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.

SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge.  We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard death benefit. The daily charge is
equivalent to an annual rate of 0.80% of the net assets in each variable
investment option.

The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.

Administrative charge.  We deduct a daily charge from the net assets in each
variable investment option. The charge, together with the annual administrative
charge described below, is to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.30% of the
net assets in each variable investment option.

Distribution charge.  We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.20%
of the net assets in each variable investment option.

ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (if available) in the order of the earliest maturity date(s)
first. If such fixed maturity option amounts are insufficient, we will deduct
all or a portion of the charge from the account


                                                        Charges and expenses  63




for special dollar cost averaging. If the contract is surrendered or annuitized
or a death benefit is paid on a date other than a contract date anniversary, we
will deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits,
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non-life contingent payout
option. For more information about the withdrawal charge if you select an
annuity payout option, see "Your annuity payout options--The amount applied to
purchase an annuity payout option" in "Accessing your money" earlier in the
Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn. The
percentage that applies depends on how long each contribution has been invested
in the contract. We determine the withdrawal charge separately for each
contribution according to the following table:

- --------------------------------------------------------------------------------
                         Contract year
- --------------------------------------------------------------------------------
                    1     2     3     4     5     6     7     8+
- --------------------------------------------------------------------------------
Percentage of
 contribution       7%    7%    6%    6%    5%    3%    1%    0%
- --------------------------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1" and the withdrawal
charge is reduced or expires on each applicable contract date anniversary.
Amounts withdrawn up to the free withdrawal amount are not considered
withdrawal of any contribution. We also treat contributions that have been
invested the longest as being withdrawn first. We treat contributions as
withdrawn before earnings for purposes of calculating the withdrawal charge.
However, federal income tax rules treat earnings under your contract as
withdrawn first. See "Tax information" later in this Prospectus.

Please see Appendix VII later in this Prospectus for possible withdrawal charge
schedule variations in your state.


In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover our sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.


The withdrawal charge does not apply in the circumstances described below.

10% free withdrawal amount. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase your 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.

For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract) and (2)
the 10% free withdrawal amount defined above.


Certain withdrawals. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced
death benefit, the withdrawal charge will be waived for any withdrawal that,
together with any prior withdrawals made during the contract year, does not
exceed 6% of the beginning of contract year 6% Roll-Up to age 85 benefit base,
even if such withdrawals exceed the free withdrawal amount. Also, a withdrawal
charge does not apply to a withdrawal that exceeds 6% of the beginning of
contract year 6% Roll-Up to age 85 benefit base as long as it does not exceed
the free withdrawal amount.. If your withdrawals exceed the amount described
above, this waiver is not applicable to that withdrawal nor to any subsequent
withdrawal for the life of the contract.

If you elect the Guaranteed withdrawal benefit for life, we will waive any
withdrawal charge for any withdrawals during the contract year up to the
Guaranteed annual withdrawal amount, even if such withdrawals exceed the free
withdrawal amount. However, each withdrawal reduces the free withdrawal amount
for that contract year by the amount of the withdrawal. Also, a withdrawal
charge does not apply to a withdrawal that exceeds the Guaranteed annual
withdrawal amount as long as it does not exceed the free withdrawal amount.
Withdrawal charges, if applicable, are applied to the amount of the withdrawal
that exceeds both the free withdrawal amount and the Guaranteed annual
withdrawal amount.


Disability, terminal illness, or confinement to nursing home.
The withdrawal charge also does not apply if:

(i)    An owner (or older joint owner, if applicable) has qualified to receive
       Social Security disability benefits as certified by the Social Security
       Administration; or

(ii)   We receive proof satisfactory to us (including certification by a
       licensed physician) that an owner's (or older joint owner's, if
       applicable) life expectancy is six months or less; or

(iii)  An owner (or older joint owner, if applicable) has been confined to a
       nursing home for more than 90 days (or such other period,

64  Charges and expenses



     as required in your state) as verified by a licensed physician. A nursing
     home for this purpose means one that is (a) approved by Medicare as a
     provider of skilled nursing care service, or (b) licensed as a skilled
     nursing home by the state or territory in which it is located (it must be
     within the United States, Puerto Rico, or U.S. Virgin Islands) and meets
     all of the following:


       - its main function is to provide skilled, intermediate, or custodial
          nursing care;

       - it provides continuous room and board to three or more persons;
       - it is supervised by a registered nurse or licensed practical nurse;
       - it keeps daily medical records of each patient;
       - it controls and records all medications dispensed; and
       - its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions described in (i), (ii) or
(iii) above existed at the time a contribution was remitted or if the condition
began within 12 months of the period following remittance. Some states may not
permit us to waive the withdrawal charge in the above circumstances, or may
limit the circumstances for which the withdrawal charge may be waived. Your
financial professional can provide more information or you may contact our
processing office.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.65% of the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85
benefit base.


GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.


We will deduct this charge from your value in the variable investment options
(or, if applicable, the permitted variable investment options) and the
guaranteed interest option on a pro rata basis (see Appendix VII later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state).If those amounts are insufficient, we will deduct
all or a portion of the charge from the fixed maturity options (if applicable)
in the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If such fixed
maturity option amounts are still insufficient, we will deduct all or a portion
of the charge from the account for special dollar cost averaging. If the
contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of
the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.

PRINCIPAL GUARANTEE BENEFITS CHARGE


If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal to 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee
benefit. We will continue to deduct the charge until your benefit maturity
date. We will deduct this charge from your value in the permitted variable
investment options and the guaranteed interest option (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If such amounts are
insufficient, we will deduct all or a portion from the account for special
dollar cost averaging. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option, or the contract date anniversary after the annuitant reaches age
85, whichever occurs first. The charge is equal to 0.65% of the applicable
benefit base in effect on the contract date anniversary.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options in the
order of the earliest maturity date(s) first. A market value adjustment will
apply to deductions from the fixed maturity options. If such fixed maturity
option amounts are still insufficient, we will deduct all or a portion of the
charge from the account for special dollar cost averaging. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaran-

                                                        Charges and expenses  65



teed benefits except as noted under "Insufficient account value" in
"Determining your contract's value" earlier in this Prospectus.

EARNINGS ENHANCEMENT BENEFIT CHARGE


If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary for which it is in effect.
The charge is equal to 0.35% of the account value on each contract date
anniversary. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option on a pro rata basis. If
those amounts are insufficient, we will deduct all or a portion of the charge
from the fixed maturity options in the order of the earliest maturity date(s)
first. If such fixed maturity option amounts are insufficient, we will deduct
all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro
rata portion of the charge for that year. A market value adjustment will apply
to deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. We will
deduct this charge from your value in the permitted variable investment options
and the guaranteed interest option on a pro rata basis. (See Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state.) If those amounts are insufficient, we will
deduct all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro
rata portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the Single Life option is 0.75%. The maximum charge for the
Joint Life option is 0.90%. The increased charge, if any, will apply as of the
contract date anniversary on which your GWBL benefit base ratchets and on all
contract date anniversaries thereafter. We will permit you to opt out of the
ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time
to reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity payout option. This option may not be available at the time
you elect to annuitize or it may have a different charge.


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o Management fees ranging from 0.05% to 1.40%.

o 12b-1 fees of either 0.25% or 0.35%.


o Operating expenses, such as trustees' fees, independent public accounting
  firms' fees, legal counsel fees, administrative service fees, custodian
  fees and liability insurance.

o Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge, or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to the 12b-1
fee. Group arrangements include those in which a trustee or an employer, for
example, purchases contracts covering a group of individuals on a group basis.
Group arrangements are not available for IRA contracts. Sponsored arrangements
include those in which an employer allows us to sell contracts to its employees
or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

66  Charges and expenses



We also may establish different rates to maturity for the fixed maturity
options under different classes of contracts for group or sponsored
arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

                                                        Charges and expenses  67



6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT
You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In
a QP contract, the beneficiary must be the trustee. Where an NQ contract is
owned for the benefit of a minor pursuant to the Uniform Gift to Minors Act or
the Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit.
We determine the amount of the death benefit (other than the applicable
Guaranteed minimum death benefit) and any amount applicable under the Earnings
enhancement benefit, as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. The amount of the applicable Guaranteed
minimum death benefit will be such Guaranteed minimum death benefit as of the
date of the owner's (or older joint owner's, if applicable) death adjusted for
any subsequent withdrawals. For Rollover TSA contracts with outstanding loans,
we will reduce the amount of the death benefit by the amount of the outstanding
loan, including any accrued but unpaid interest on the date that the death
benefit payment is made.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.

EFFECT OF THE OWNER'S DEATH


In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death
of the annuitant. For Joint Life contracts with GWBL, the death benefit is paid
to the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature or under our Beneficiary continuation option, as
discussed below. For contracts with non-spousal joint owners, the joint owner
will be able to continue the contract as a successor owner subject to the
limitations discussed below under "Non-spousal joint owner contract
continuation." If you are the sole owner and your spouse is the sole primary
beneficiary, your surviving spouse can continue the contract as a successor
owner as discussed below, under "Spousal continuation" or under our Beneficiary
continuation option, as discussed below.


If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require
payments of amounts under the contract to be made within five years of an
owner's death (the "5-year rule"). In certain cases, an individual beneficiary
or non-spousal surviving joint owner may opt to receive payments over his/her
life (or over a period not in excess of his/her life expectancy) if payments
commence within one year of the owner's death. Any such election must be made
in accordance with our rules at the time of death. If the beneficiary of a
contract with one owner or a younger non-spousal joint owner continues the
contract under the 5-year rule, in general, all guaranteed benefits and their
charges will end. If a PGB election is in effect upon your death with a benefit
maturity date of less than five years from the date of death, it will remain in
effect. For more information on non-spousal joint owner contract continuation,
see the section immediately below.

NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint

68  Payment of death benefit



owner within five years. The surviving owner may instead elect to receive a
life annuity, provided payments begin within one year of the deceased owner's
death. If the life annuity is elected, the contract and all benefits terminate.

If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to
five years; or (4) continue the contract under the beneficiary continuation
option. If the contract continues, the Guaranteed minimum death benefit and
charge and the Guaranteed minimum income benefit and charge will then be
discontinued. Withdrawal charges will no longer apply, and no additional
contributions will be permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. Withdrawal charges will continue to apply and no additional
contributions will be permitted.

Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more
than five years from the date of death, we will terminate the benefit and the
charge.

SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your spouse, your spouse may elect to
continue the contract as successor owner upon your death. Spousal beneficiaries
(who are not also joint owners) must be 85 or younger as of the date of the
deceased spouse's death in order to continue the contract under Spousal
continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse
beneficiary (under a Single owner contract), may elect to receive the death
benefit or continue the contract, as follows:

o As of the date we receive satisfactory proof of your death, any required
  instructions, information and forms necessary, we will increase the
  account value to equal the elected Guaranteed minimum death benefit as of
  the date of your death if such death benefit is greater than such account
  value, plus any amount applicable under the Earnings enhancement benefit,
  and adjusted for any subsequent withdrawals. The increase in the account
  value will be allocated to the investment options according to the
  allocation percentages we have on file for your contract.

o In general, withdrawal charges will no longer apply to contributions made
  before your death. Withdrawal charges will apply if additional
  contributions are made.

o The applicable Guaranteed minimum death benefit option may continue as
  follows:

       o If the surviving spouse is age 75 or younger on the date of your
         death, and you were age 84 or younger at death, the Guaranteed
         minimum death benefit you elected continues and will continue to grow
         according to its terms until the contract date anniversary following
         the date the surviving spouse reaches age 85.

       o If the surviving spouse is age 75 or younger on the date of your
         death, and you were age 85 or older at death, we will reinstate the
         Guaranteed minimum death benefit you elected. The benefit base (which
         had previously been frozen at age 85) will now continue to grow
         according to its terms until the contract date anniversary following
         the date the surviving spouse reaches age 85.

       o If the surviving spouse is age 76 or over on the date of your death,
         the Guaranteed minimum death benefit and charge will be discontinued.

       o If the Guaranteed minimum death benefit continues, the Guaranteed
         minimum death benefit/Guaranteed minimum income benefit roll-up
         benefit base reset, if applicable, will be based on the surviving
         spouse's age at the time of your death. The next available reset will
         be based on the contract issue date or last reset, as applicable.

       o For single owner contracts with the GWBL Enhanced death benefit, we
         will discontinue the benefit and charge. However, we will freeze the
         GWBL Enhanced death benefit base as of the date of your death (less
         subsequent withdrawals), and pay it upon your spouse's death.

o The Earnings enhancement benefit will be based on the surviving spouse's age
  at the date of the deceased spouse's death for the remainder of the life
  of the contract. If the benefit had been previously frozen because the
  older spouse had attained age 80, it will be reinstated if the surviving
  spouse is age 75 or younger. The benefit is then frozen on the contract
  date anniversary after the surviving spouse reaches age 80. If the
  surviving spouse is age 76 or older, the benefit and charge will be
  discontinued.

o If elected, PGB continues and is based on the same benefit maturity date and
  guaranteed amount that was guaranteed.

o The Guaranteed minimum income benefit may continue if the benefit had not
  already terminated and the benefit will be based on the surviving spouse's
  age at the date of the deceased spouse's death. See "Guaranteed minimum
  income benefit" in "Contract features and benefits" earlier in this
  Prospectus.

o If you elect the Guaranteed withdrawal benefit for life on a Joint life
  basis, the benefit and charge will remain in effect and no death benefit
  is payable until the death of the surviving spouse. Withdrawal charges
  will continue to apply to all contributions made prior to the deceased
  spouse's death. No additional contributions will be permitted. If you
  elect the Guaranteed withdrawal benefit for life on a Single life basis,
  the benefit and charge will terminate.

                                                    Payment of death benefit  69



o If the deceased spouse was the annuitant, the surviving spouse becomes the
  annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o The Guaranteed minimum death benefit, the Earnings enhancement benefit and
  the Guaranteed minimum income benefit continue to be based on the older
  spouse's age for the life of the contract.

o If the deceased spouse was the annuitant, the surviving spouse becomes the
  annuitant.

o If a PGB had been elected, the benefit continues and is based on the same
  benefit maturity date and guaranteed amount.

o If you elect the Guaranteed withdrawal benefit for life, the benefit and
  charge will remain in effect and no death benefit is payable until the
  death of the surviving spouse.

o The withdrawal charge schedule remains in effect.

If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.

BENEFICIARY CONTINUATION OPTION


This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VII later in this Prospectus
for further information.


Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Earnings enhancement benefit, adjusted for any
subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o The contract continues in your name for the benefit of your
  beneficiary.

o The beneficiary replaces the deceased owner as annuitant.

o This feature is only available if the beneficiary is an individual. Certain
  trusts with only individual beneficiaries will be treated as individuals
  for this purpose.

o If there is more than one beneficiary, each beneficiary's share will be
  separately accounted for. It will be distributed over the beneficiary's
  own life expectancy, if payments over life expectancy are chosen.

o The minimum amount that is required in order to elect the beneficiary
  continuation option is $5,000 for each beneficiary.

o The beneficiary may make transfers among the investment options but no
  additional contributions will be permitted.

o If you had elected the Guaranteed minimum income benefit, an optional
  enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life
  or the GWBL Enhanced death benefit under the contract, they will no longer
  be in effect and charges for such benefits will stop. Also, any Guaranteed
  minimum death benefit feature will no longer be in effect.

o The beneficiary may choose at any time to withdraw all or a portion of the
  account value and no withdrawal charges, if any, will apply.

o Any partial withdrawal must be at least $300.

o Your beneficiary will have the right to name a beneficiary to receive any
  remaining interest in the contract.

o Upon the death of your beneficiary, the beneficiary he or she has named has
  the option to either continue taking required minimum

70  Payment of death benefit



   distributions based on the remaining life expectancy of the deceased
   beneficiary or to receive any remaining interest in the contract in a lump
   sum. The option elected will be processed when we receive satisfactory
   proof of death, any required instructions for the method of payment and any
   required information and forms necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. For purposes of this discussion, "beneficiary" refers to
the successor owner. This feature must be elected within 9 months following the
date of your death and before any other inconsistent election is made.
Beneficiaries who do not make a timely election will not be eligible for this
option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o This feature is only available if the beneficiary is an individual. It is not
  available for any entity such as a trust, even if all of the beneficiaries
  of the trust are individuals.

o The beneficiary automatically replaces the existing annuitant.

o The contract continues in your name for the benefit of your
  beneficiary.

o If there is more than one beneficiary, each beneficiary's share will be
  separately accounted for. It will be distributed over the respective
  beneficiary's own life expectancy, if scheduled payments are chosen.

o The minimum amount that is required in order to elect the beneficiary
  continuation option is $5,000 for each beneficiary.

o The beneficiary may make transfers among the investment options but no
  additional contributions will be permitted.

o If you had elected the Guaranteed minimum income benefit, an optional
  enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life
  or the GWBL Enhanced death benefit under the contract, they will no longer
  be in effect and charges for such benefits will stop. Also, any Guaranteed
  minimum death benefit feature will no longer be in effect.

o If the beneficiary chooses the "5-year rule," withdrawals may be made at any
  time. If the beneficiary instead chooses scheduled payments, the
  beneficiary must also choose between two potential withdrawal options at
  the time of election. If the beneficiary chooses "Withdrawal Option 1",
  the beneficiary cannot later withdraw funds in addition to the scheduled
  payments the beneficiary is receiving; "Withdrawal Option 1" permits total
  surrender only. "Withdrawal Option 2" permits the beneficiary to take
  withdrawals, in addition to scheduled payments, at any time. However, the
  scheduled payments under "Withdrawal Option 1" are afforded favorable tax
  treatment as "annuity payments." See "Taxation of nonqualified annuities"
  in "Tax Information" later in this Prospectus.

o Any partial withdrawals must be at least $300.

o Your beneficiary will have the right to name a beneficiary to receive any
  remaining interest in the contract on the beneficiary's death.

o Upon the death of your beneficiary, the beneficiary he or she has named has
  the option to either continue taking scheduled payments based on the
  remaining life expectancy of the deceased beneficiary (if scheduled
  payments were chosen) or to receive any remaining interest in the contract
  in a lump sum. We will pay any remaining interest in the contract in a
  lump sum if your beneficiary elects the 5-year rule. The option elected
  will be processed when we receive satisfactory proof of death, any
  required instructions for the method of payment and any required
  information and forms necessary to effect payment.

If the deceased is the owner or older joint owner:

o As of the date we receive satisfactory proof of death, any required
  instructions, information and forms necessary to effect the Beneficiary
  continuation option feature, we will increase the account value to equal
  the applicable death benefit if such death benefit is greater than such
  account value plus any amount applicable under the Earnings enhancement
  benefit adjusted for any subsequent withdrawals.

o No withdrawal charges will apply to any withdrawals by the beneficiary.

If the deceased is the younger non-spousal joint owner:

o The annuity account value will not be reset to the death benefit amount.

o The contract's withdrawal charge schedule will continue to be applied to any
  withdrawal or surrender other than scheduled payments; the contract's free
  withdrawal amount will continue to apply to withdrawals but does not apply
  to surrenders.

o We do not impose a withdrawal charge on scheduled payments except if, when
  added to any withdrawals previously taken in the same contract year,
  including for this purpose a contract surrender, the total amount of
  withdrawals and scheduled payments exceed the free withdrawal amount. See
  the "Withdrawal charges" in "Charges and expenses" earlier in this
  Prospectus.

                                                    Payment of death benefit  71




7.  Tax information


- --------------------------------------------------------------------------------

OVERVIEW
In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) contracts owned by United States
individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.


We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.

BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code Section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator's(R) choice of death benefits, the
Guaranteed withdrawal benefit for life, the Guaranteed minimum income benefit,
special dollar cost averaging, selection of variable investment options,
guaranteed interest option, fixed maturity options and its choices of payout
options, as well as the features and benefits of other permissible funding
vehicles and the relative costs of annuities and other arrangements. You should
be aware that cost may vary depending on the features and benefits made
available and the charges and expenses of the investment options or funds that
you elect.

Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract. See also Appendix II at the end of this Prospectus for a discussion
of QP contracts.


TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o if a contract fails investment diversification requirements as specified in
  federal income tax rules (these rules are based on or are similar to those
  specified for mutual funds under the securities laws);

o if you transfer a contract, for example, as a gift to someone other than your
  spouse (or former spouse);

o if you use a contract as security for a loan (in this case, the amount
  pledged will be treated as a distribution); and

o if the owner is other than an individual (such as a corporation, partnership,
  trust, or other non-natural person). This provision does not apply to a
  trust which is a mere agent or nominee for an individual, such as a
  grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

72  Tax information



TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED
WITHDRAWAL BENEFIT FOR LIFE

We treat Guaranteed annual payments and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are taxable to you as
ordinary income if there are earnings in the contract. Generally, earnings are
your account value less your investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable. If you withdraw an amount which
is more than the earnings in the contract as of the date of the withdrawal, the
balance of the distribution is treated as a return of your investment in the
contract and is not taxable. It reduces the investment in the contract.

ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.

EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it
is possible that the IRS could take a contrary position or assert that the
Earnings enhancement benefit rider is not part of the contract. In such a case
the charges for the Earnings enhancement benefit rider could be treated for
federal income tax purposes as a partial withdrawal from the contract. If this
were so, such a deemed withdrawal could be taxable, and for contract owners
under age 59-1/2, also subject to a tax penalty. Were the IRS to take this
position, AXA Equitable would take all reasonable steps to attempt to avoid
this result, which could include amending the contract (with appropriate notice
to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o the contract that is the source of the funds you are using to purchase the NQ
  contract is another nonqualified deferred annuity contract or life
  insurance or endowment contract.

o the owner and the annuitant are the same under the source contract and the
  Accumulator(R) NQ contract. If you are using a life insurance or endowment
  contract the owner and the insured must be the same on both sides of the
  exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required
to process this type of an exchange.


Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ Contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

                                                             Tax information  73



o scheduled payments under the beneficiary continuation option for NQ contracts
  satisfy the death of owner rules of Section 72(s)(2) of the Code,
  regardless of whether the beneficiary elects "Withdrawal Option 1" or
  "Withdrawal Option 2";

o scheduled payments, any additional withdrawals under "Withdrawal Option 2",
  or contract surrenders under "Withdrawal Option 1" will only be taxable to
  the beneficiary when amounts are actually paid, regardless of the
  "Withdrawal Option" selected by the beneficiary;

o a beneficiary who irrevocably elects scheduled payments with "Withdrawal
  Option 1" will receive "excludable amount" tax treatment on scheduled
  payments. See "Annuity payments" earlier in this section. If the
  beneficiary elects to surrender the contract before all scheduled payments
  are paid, the amount received upon surrender is a non-annuity payment
  taxable to the extent it exceeds any remaining investment in the contract.

The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).

The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2, a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o on or after your death; or

o because you are disabled (special federal income tax definition); or


o in the form of substantially equal periodic annuity payments for your life
  (or life expectancy), or the joint lives (or joint life expectancy) of you
  and a beneficiary, in accordance with IRS formulas. We do not anticipate
  that Guaranteed annual withdrawals made under the Guaranteed withdrawal
  benefit for life's Maximum or Customized payment plan or taken as partial
  withdrawals will qualify for this exception if made before 59-1/2.


INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets funding the account for the benefit of the IRA owner. The assets
typically include mutual funds and/or individual stocks and securities in a
custodial account, and bank certificates of deposit in a trusteed account. In
an individual retirement annuity, an insurance company issues an annuity
contract that serves as the IRA.

There are two basic types of IRAs, as follows:

o Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs
  and SIMPLE IRAs issued and funded in connection with employer-sponsored
  retirement plans; and

o Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590

74  Tax information



("Individual Retirement Arrangements (IRAs)"). This publication is usually
updated annually, and can be obtained from any IRS district office or the IRS
website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA or Roth IRA. The traditional IRAs we offer
are the Rollover IRA and Flexible Premium IRA. The versions of the Roth IRA
available are the Roth Conversion IRA and Flexible Premium Roth IRA. We also
offer the Inherited IRA for payment of post-death required minimum
distributions from traditional IRAs and Roth IRAs. This Prospectus contains the
information that the IRS requires you to have before you purchase an IRA. The
first section covers some of the special tax rules that apply to traditional
IRAs. The next section covers Roth IRAs. The disclosure generally assumes
direct ownership of the individual retirement annuity contract. For contracts
owned in a custodial individual retirement account, the disclosure will apply
only if you terminate your account or transfer ownership of the contract to
yourself.

We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).


AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of the Accumulator(R) traditional and Roth IRA contracts for
use as a traditional and Roth IRA, respectively. It is not clear whether and
when any such approval may be received. We have in the past received IRS
opinion letters approving the respective forms of similar traditional IRA and
Roth IRA endorsements for use as a traditional and Roth IRA, respectively. This
IRS approval is a determination only as to the form of the annuity. It does not
represent a determination of the merits of the annuity as an investment. The
contracts submitted for IRS approval do not include every feature possibly
available under the Accumulator(R) traditional and Roth IRA contracts.


AXA Equitable has also submitted the respective forms of the Accumulator(R)
Inherited IRA beneficiary continuation contract to the IRS for approval as to
form for use as a traditional IRA or Roth IRA, respectively. We do not know if
and when any such approval may be granted.

EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available
under the Accumulator(R) traditional and Roth IRA contracts. You should discuss
with your tax adviser whether you should consider purchasing an Accumulator(R)
IRA or Accumulator(R) Roth IRA with optional Earnings enhancement benefit.

Your right to cancel within a certain number of days

You can cancel any version of the Accumulator(R) IRA contract (traditional IRA
or Roth IRA) by following the directions in "Your right to cancel with a
certain number of days" under "Contract features and benefits" earlier in this
Prospectus. If you cancel a traditional IRA or Roth IRA contract, we may have
to withhold tax, and we must report the transaction to the IRS. A contract
cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)

Contributions to traditional IRAs. Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:

o  "regular" contributions out of earned income or compensation; or

o  tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional
   IRAs ("direct transfers").

Regular contributions to traditional IRAs

Limits on contributions. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000 your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch-up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. "Catch-up" contributions may be
made as described above for spouses who

                                                             Tax information  75



are at least age 50 but under age 70-1/2 at any time during the taxable year
for which the contribution is made.

Deductibility of contributions. The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored tax-favored
retirement plan, as defined under special federal income tax rules. Your Form
W-2 will indicate whether or not you are covered by such a retirement plan.

If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions". That is, for 2007, your fully deductible
contribution can be up to $4,000 ($5,000 for 2008), or if less, your earned
income. The dollar limit is $5,000 for people eligible to make age 50-70-1/2
catch-up contributions for 2007 ($6,000 for 2008).

If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)


To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

 ($10,000-excess AGI)     times    the maximum       Equals  the adjusted x
- ----------------------      x        regular           =       deductible
 divided by $10,000                contribution              contribution
                                   for the year                 limit



Additional "Saver's Credit" for contributions to a
traditional IRA or Roth IRA

You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax return
and your adjusted gross income cannot exceed $50,000 ($52,000 after cost of
living indexing beginning in 2007). The amount of the tax credit you can get
varies from 10% of your contribution to 50% of your contribution and depends on
your income tax filing status and your adjusted gross income. The maximum
annual contribution eligible for the saver's credit is $2,000. If you and your
spouse file a joint return and each of you qualifies, each is eligible for a
maximum annual contribution of $2,000. Your saver's credit may also be reduced
if you take or have taken a taxable distribution from any plan eligible for a
saver's credit contribution -- even if you make a contribution to one plan and
take the distribution from another plan -- during the "testing period." The
"testing period" begins two years before the year for which you make the
contribution and ends when your tax return is due for the year for which you
make the contribution. Saver's-credit-eligible contributions may be made to a
401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE IRA or
SARSEP IRA, as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 "catch-up" contributions. See "Excess
contributions" later in this section. You must keep your own records of


76  Tax information



deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.

If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

When you can make regular contributions. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custodial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs

Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.

There are two ways to do rollovers:

o  Do it yourself:
   You actually receive a distribution that can be rolled over and you roll
   it over to a traditional IRA within 60 days after the date you receive
   the funds. The distribution from your eligible retirement plan will be
   net of 20% mandatory federal income tax withholding. If you want, you can
   replace the withheld funds yourself and roll over the full amount.

o  Direct rollover:

   You tell the trustee or custodian of the eligible retirement plan to send
   the distribution directly to your traditional IRA issuer. Direct rollovers
   are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o  "required minimum distributions" after age 70-1/2 or retirement
   from service with the employer; or

o  substantially equal periodic payments made at least annually for
   your life (or life expectancy) or the joint lives (or joint life
   expectancies) of you and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period
   of 10 years or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  death benefit payments to a beneficiary who is not your surviving
   spouse; or

o  qualified domestic relations order distributions to a beneficiary
   who is not your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan, such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee

                                                             Tax information  77



or custodian-to-custodian direct transfers are not rollover transactions. You
can make these more frequently than once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS

The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court-ordered divorce or separation decree.

Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o  regular contributions of more than the maximum regular contri
   bution amount for the applicable taxable year; or

o  regular contributions to a traditional IRA made after you reach
   age 70-1/2; or

o  rollover contributions of amounts which are not eligible to be
   rolled over, for example, minimum distributions required to be made after
   age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1)  the rollover was from an eligible retirement plan to a traditional
     IRA;

(2)  the excess contribution was due to incorrect information that the
     plan provided; and

(3)  you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the
end of any year in which you have received a distribution from any traditional
IRA, you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus
all traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o the amount received is a withdrawal of excess contributions, as
  described under "Excess contributions" earlier in this section; or

o the entire amount received is rolled over to another traditional
  IRA or other eligible retirement plan which agrees to accept the funds.
  (See "Rollovers from eligible retirement plans other than traditional
  IRAs" under "Rollover and transfer contributions to traditional IRAs"
  earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If

78  Tax information



you might be eligible for such tax treatment from your qualified plan, you may
be able to preserve such tax treatment even though an eligible rollover from a
qualified plan is temporarily rolled into a "conduit IRA" before being rolled
back into a qualified plan. See your tax
adviser.

Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.

Required minimum distributions

Background on Regulations--Required Minimum Distributions. Distributions must
be made from traditional IRAs according to rules contained in the Code and
Treasury Regulations. Beginning in 2006, certain provisions of the Treasury
Regulations require that the actuarial present value of additional annuity
contract benefits must be added to the dollar amount credited for purposes of
calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income
benefits and enhanced death benefits. This could increase the amount required
to be distributed from these contracts if you take annual withdrawals instead
of annuitizing. Please consult your tax adviser concerning applicability of
these complex rules to your situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum
distribution during the calendar year you actually reach age 70-1/2, or to
delay taking it until the first three-month period in the next calendar year
(January 1 - April 1). Distributions must start no later than your Required
Beginning Date, which is April 1st of the calendar year after the calendar year
in which you turn age 70-1/2. If you choose to delay taking the first annual
minimum distribution, then you will have to take two minimum distributions in
that year -- the delayed one for the first year and the one actually for that
year. Once minimum distributions begin, they must be made at some time each
year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the

                                                             Tax information  79



time of your death. If you elect an annuity-based payout, payments (if any)
after your death must be made at least as rapidly as when you were alive.

Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owners death. No distribution is required before that
fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from
your traditional IRA into his/her own traditional IRA or other eligible
retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Spousal continuation

If the contract is continued under Spousal continuation, no amounts are
required to be paid until after your surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include
distributions:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    used to pay certain extraordinary medical expenses (special fed-
     eral income tax definition); or

o    used to pay medical insurance premiums for unemployed indi
     viduals (special federal income tax definition); or

o    used to pay certain first-time home buyer expenses (special fed
     eral income tax definition; $10,000 lifetime total limit for these
     distributions from all your traditional and Roth IRAs); or

o    used to pay certain higher education expenses (special federal
     income tax definition); or


o    in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy) or over the joint
     lives of you and your beneficiary (or your joint life expectancies) using
     an IRS-approved distribution method. We do not anticipate that Guaranteed
     annual payments made under the Guaranteed withdrawal benefit for life's
     Maximum or Customized payment plan or taken as partial withdrawals will
     qualify for this exception if made before age 59-1/2.


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments,
using your choice of IRS-approved methods we offer. Although substantially
equal withdrawals and Income Manager(SM) payments are not subject to the 10%
penalty tax, they are taxable as discussed in "Withdrawals, payments and
transfers of funds out of traditional IRAs" earlier in this section. Once
substantially equal withdrawals or Income Manager(SM) annuity payments begin,
the distributions should not be stopped or changed until after the later of your
reaching age 59-1/2 or five years after the date of the first distribution, or
the penalty tax, including an interest charge for the prior penalty avoidance,
may apply to all prior distributions under

80  Tax information



either option. Also, it is possible that the IRS could view any additional
withdrawal or payment you take from your contract as changing your pattern of
substantially equal withdrawals or Income Manager(SM) payments for purposes of
determining whether the penalty applies.

Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Roth IRA contract is designed to qualify as a Roth
individual retirement annuity under Sections 408A(b) and 408(b) of the Internal
Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o  regular after-tax contributions out of earnings; or

o  taxable rollover contributions from traditional IRAs ("conversion"
   contributions); or

o  tax-free rollover contributions from other Roth arrangements; or

o  tax-free direct custodian-to-custodian transfers from other Roth
   IRAs ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA or a Flexible Premium Roth IRA contract. If you use the
forms we require, we will also accept traditional IRA funds which are
subsequently recharacterized as Roth IRA funds following special federal income
tax rules.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Regular contributions to Roth IRAs

Limits on regular contributions. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability
to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007, and
later years.


With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):

o  your federal income tax filing status is "married filing jointly" and
   your modified adjusted gross income is over $160,000 (for 2007, $166,000
   after adjustment); or

o  your federal income tax filing status is "single" and your modified
   adjusted gross income is over $110,000 (for 2007, $114,000 after
   adjustment).

However, you can make regular Roth IRA contributions in reduced amounts when:

o  your federal income tax filing status is "married filing jointly" and
   your modified adjusted gross income is between $150,000 and $160,000 (for
   2007, between $156,000 and $166,000 after adjustment); or



o  your federal income tax filing status is "single" and your modified
    adjusted gross income is between $95,000 and $110,000 (for 2007, between
    $99,000 and $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions. Same as traditional IRAs.

Deductibility of contributions. Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian, trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o   another Roth IRA ("tax-free rollover contribution");

o   a "designated Roth contribution account" under a 401(k) plan or
    a 403(b) arrangement;

                                                             Tax information  81



o   another traditional IRA, including a SEP-IRA or SIMPLE IRA (after o
    a two-year rollover limitation period for SIMPLE IRA funds), in a taxable
    conversion rollover ("conversion contribution");

o   you may not make contributions to a Roth IRA from a qualified
    plan under section 401(a) of the Internal Revenue Code, a TSA under
    section 403(b) of the Internal Revenue Code or any other eligible
    retirement plan until 2008. You may make rollover contributions from a
    "designated Roth contribution account" under a 401(k) plan or a 403(b)
    arrangement which permits designated Roth elective deferral contributions
    to be made, beginning in 2006.

You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
computed without the gross income stemming from the traditional IRA conversion.
Modified adjusted gross income for this purpose excludes any lifetime required
minimum distribution from a traditional IRA.) You also cannot make conversion
contributions to a Roth IRA for any taxable year in which your federal income
tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the tradi-

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the tradi-82  Tax information



tional IRA, is treated as a contribution to the Roth IRA in the year of the
distribution from the traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to the special favorable ten-year averaging and long-term capital gain
treatment available in limited cases to certain distributions from qualified
plans.

The following distributions from Roth IRAs are free of income tax:

o    rollovers from a Roth IRA to another Roth IRA;

o    direct transfers from a Roth IRA to another Roth IRA;

o    qualified distributions from a Roth IRA; and

o    return of excess contributions or amounts recharacterized to a
     traditional IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o    you are age 59-1/2; or older or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    your distribution is a "qualified first-time homebuyer distribution"
     (special federal income tax definition; $10,000 lifetime total limit for
     these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally,
     total conversions from the earliest year first). These conversion
     contributions are taken into account as follows:

     (a) Taxable portion (the amount required to be included in gross
         income because of conversion) first, and then the

     (b) Nontaxable portion.

(3)  Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped and added together as follows:

(1)  All distributions made during the year from all Roth IRAs you
     maintain -- with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contribu
     tions made after the close of the year, but before the due date of your
     return) are added together. This total is added to the total undistributed
     regular contributions made in prior years.

(3)  All conversion contributions made during the year are added
     together. For purposes of the ordering rules, in the case of any
     conversion in which the conversion distribution is made in 2007 and the
     conversion contribution is made in 2008, the conversion contribution is
     treated as contributed prior to other conversion contributions made in
     2008.

Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

                                                             Tax information  83



Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally, there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Internal
Revenue Code or a custodial account that invests only in mutual funds and which
is treated as an annuity contract under Section 403(b)(7) of the Code. Both
types of 403(b) arrangements qualify for tax deferral.

Earnings enhancement benefit

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could affect the tax qualification of the TSA and could be taxable. Were the
IRS to take any adverse position, AXA Equitable would take all reasonable steps
to attempt to avoid any adverse result, which would include amending the
contract (with appropriate notice to you). You should discuss with your tax
adviser whether you should consider purchasing an Accumulator(R) Rollover TSA
contract with the optional Earnings enhancement benefit.

Contributions to TSAs

There are two ways you can make contributions to establish this Accumulator(R)
Rollover TSA contract:

o    a full or partial direct transfer of assets ("direct transfer") from
     another contract or arrangement that meets the requirements of Section
     403(b) of the Internal Revenue Code by means of IRS Revenue Ruling 90-24;
     or

o    a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax funds in the Rollover TSA. We do not accept
"designated Roth contributions" rolled over from a 401(k) plan or a 403(b)
arrangement or directly transferred from another 403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Rollover TSA contract does
not accept employer-remitted contributions. However, we provide the following
discussion as part of our description of restrictions on the distribution of
funds directly transferred, which include employer-remitted contributions to
other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contribu-

84  Tax information



tions as "designated Roth contributions" to the 403(b) arrangement which are
made on an after-tax basis. However, a TSA can also be wholly or partially
funded through nonelective employer contributions or other after-tax employee
contributions. Amounts attributable to salary reduction contributions to TSAs
are generally subject to withdrawal restrictions. Also, all amounts
attributable to investments in a 403(b)(7) custodial account are subject to
withdrawal restrictions discussed below.

Rollover or direct transfer contributions. Once you establish your Rollover TSA
contract with 403(b)-source funds, you may make subsequent rollover
contributions to your Rollover TSA contract from these sources: qualified
plans, governmental employer 457(b) plans and traditional IRAs, as well as
other TSAs and 403(b) arrangements. All rollover contributions must be pre-tax
funds only with appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o    termination of employment with the employer who provided the
     funds for the plan; or

o    reaching age 59-1/2 even if you are still employed; or

o    disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o    you give us acceptable written documentation as to the source of
     the funds, and

o    the Accumulator(R) contract receiving the funds has provisions at
     least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Rollover TSA contract, you may
have to obtain your employer's authorization or demonstrate that you do not
need employer authorization. For example, the transferring TSA may be subject
to Title I of ERISA, if the employer makes matching contributions to salary
reduction contributions made by employees. In that case, the employer must
continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Rollover TSA must be net of the
required minimum distribution for the tax year in which we issue the contract
if:

o    you are or will be at least age 70-1/2 in the current calendar year,
     and

o    you have retired from service with the employer who provided the
     funds to purchase the TSA you are transferring or rolling over to the
     Accumulator(R) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o    rollover by check of the proceeds from another TSA or eligible
     retirement plan; or

o    direct rollover from another TSA or eligible retirement plan; or

o    direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General. Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

Withdrawal restrictions. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o    you are severed from employment with the employer who provided
     the funds to purchase the TSA you are transferring to the
     Accumulator(R) Rollover TSA; or

o    you reach age 59-1/2; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    you take a hardship withdrawal (special federal income tax
     definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us

                                                             Tax information  85



in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity Payments.  Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL")" in "Contract
features and benefits" earlier in this Prospectus, as well as GMIB and other
annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment
in the contract is recovered is fully taxable. If you (and your beneficiary
under a joint and survivor annuity) die before recovering the full investment
in the contract, a deduction is allowed on your (or your beneficiary's) final
tax return.

Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Loans from TSAs. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o    The amount of a loan to a participant, when combined with all
     other loans to the participant from all qualified plans of the employer,
     cannot exceed the lesser of:

     (1)  the greater of $10,000 or 50% of the participant's nonfor-
          feitable accrued benefits; and

     (2)  $50,000 reduced by the excess (if any) of the highest out
          standing loan balance over the previous twelve months over the
          outstanding loan balance of plan loans on the date the loan was made.

o    In general, the term of the loan cannot exceed five years unless
     the loan is used to acquire the participant's primary residence.
     Accumulator(R) Rollover TSA contracts have a term limit of 10 years for
     loans used to acquire the participant's primary residence.

o    All principal and interest must be amortized in substantially level
     payments over the term of the loan, with payments being made at least
     quarterly. In very limited circumstances, the repayment obligation may be
     temporarily suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o    the loan does not qualify under the conditions above;

o    the participant fails to repay the interest or principal when due; or

o    in some instances, the participant separates from service with the
     employer who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same


86  Tax information




employer, a defaulted loan which has not been fully repaid is treated as still
outstanding, even after the default is reported to the IRS on Form 1099-R. The
amount treated as still outstanding (which limits subsequent loans) includes
interest accruing on the unpaid balance.

See Appendix VII later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.


Tax-deferred rollovers and direct transfers.  You may roll over an "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.

You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non-spousal death beneficiary may also
be able to make rollover contributions to an individual retirement plan under
certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution.  The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may be able to delay the start of required minimum
distributions for all or part of your account balance until after age 70-1/2,
as follows:

o    For TSA participants who have not retired from service with the
     employer who provided the funds for the TSA by the calendar year the
     participant turns age 70-1/2, the required beginning date for minimum
     distributions is extended to April 1 following the calendar year of
     retirement.

o    TSA plan participants may also delay the start of required mini
     mum distributions to age 75 of the portion of their account value
     attributable to their December 31, 1986, TSA account balance, even if
     retired at age 70-1/2. We will know whether or not you qualify for this
     exception because it will only apply to people who establish their
     Accumulator(R) Rollover TSA by direct Revenue Ruling 90-24 transfers. If
     you do not give us the amount of your December 31, 1986, account balance
     that is being transferred to the Accumulator(R) Rollover TSA on the form
     used to establish the TSA, you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Rollover TSA
by direct Revenue Ruling 90-24 transfer. Your employer will tell us on the form
used to establish the TSA whether or not you need to get spousal consent for
loans, withdrawals or other distributions. If you do, you will need such
consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to
any income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    to pay for certain extraordinary medical expenses (special federal
     income tax definition); or

o    in any form of payout after you have separated from service (only
     if the separation occurs during or after the calendar year you reach age
     55); or

o    in a payout in the form of substantially equal periodic payments
     made at least annually over your life (or your life expectancy), or over
     the joint lives of you and your beneficiary (or your joint life
     expectancies) using an IRS-approved distribution method (only after you
     have separated from service at any age). We do not anticipate that
     Guaranteed annual payments made under the

                                                             Tax information  87



     Guaranteed withdrawal benefit for life's Maximum or Customized payment
     plan or taken as lump sums will qualify for this exception if made before
     age 59-1/2.

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o    We might have to withhold and/or report on amounts we pay
     under a free look or cancellation.

o    We are generally required to withhold on conversion rollovers of
     traditional IRAs to Roth IRAs, as it is considered a withdrawal from the
     traditional IRA and is taxable.

o    We are required to withhold on the gross amount of a distribu
     tion from a Roth IRA to the extent it is reasonable for us to believe that
     a distribution is includable in your gross income. This may result in tax
     being withheld even though the Roth IRA distribution is ultimately not
     taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However, we may require additional documentation in the case of
payments made to non-United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.

FEDERAL INCOME TAX WITHHOLDING ON PERIODIC ANNUITY
PAYMENTS

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at any time.


FEDERAL INCOME TAX WITHHOLDING ON NON-PERIODIC ANNUITY
PAYMENTS (WITHDRAWALS)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

MANDATORY WITHHOLDING FROM TSA AND QUALIFIED PLAN
DISTRIBUTIONS

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o    any distributions which are required minimum distributions after
     age 70-1/2 or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for

88  Tax information



     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    a death benefit payment to a beneficiary who is not your surviv
     ing spouse; or

o    a qualified domestic relations order distribution to a beneficiary
     who is not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS


The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.


IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

                                                             Tax information  89



8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account No. 49 operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although Separate Account No. 49 is registered, the SEC does
not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1) to add variable investment options to, or to remove variable investment
    options from, the Separate Account, or to add other separate accounts;

(2) to combine any two or more variable investment options;

(3) to transfer the assets we determine to be the shares of the class of
    contracts to which the contracts belong from any variable investment
    option to another variable investment option;

(4) to operate the Separate Account or any variable investment option as a
    management investment company under the Investment Company Act of 1940 (in
    which case, charges and expenses that otherwise would be assessed against
    an underlying mutual fund would be assessed against the Separate Account
    or a variable investment option directly);

(5) to deregister the Separate Account under the Investment Company Act of
    1940;

(6) to restrict or eliminate any voting rights as to the Separate Account;

(7) to cause one or more variable investment options to invest some or all of
    their assets in one or more other trusts or investment companies; and

(8) to unilaterally change your contract in order to comply with any applicable
    laws and regulations, including but not limited to changes in the Internal
    Revenue Code, in Treasury regulations or in published rulings of the
    Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in the respective SAIs, which are available upon
request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:




- --------------------------------------------------------------------------
   Fixed Maturity
   Options with
   February 15th             Rate to                Price
 Maturity Date of         Maturity as of         Per $100 of
   Maturity Year        February 15, 2007       Maturity Value
- --------------------------------------------------------------------------
        2008                  3.30%               $ 96.81
        2009                  3.34%               $ 93.63
        2010                  3.39%               $ 90.47
        2011                  3.48%               $ 87.20
        2012                  3.58%               $ 83.86
        2013                  3.65%               $ 80.63
        2014                  3.72%               $ 77.42
        2015                  3.76%               $ 74.42
- --------------------------------------------------------------------------


90  More information





- --------------------------------------------------------------------------
   Fixed Maturity
   Options with
   February 15th             Rate to                Price
 Maturity Date of         Maturity as of         Per $100 of
   Maturity Year        February 15, 2007       Maturity Value
- --------------------------------------------------------------------------
        2016                  3.84%               $ 71.22
        2017                  3.89%               $ 68.25
- --------------------------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1) We determine the market adjusted amount on the date of the withdrawal as
    follows:

   (a) We determine the fixed maturity amount that would be payable on the
       maturity date, using the rate to maturity for the fixed maturity
       option.

   (b) We determine the period remaining in your fixed maturity option (based on
       the withdrawal date) and convert it to fractional years based on a
       365-day year. For example, three years and 12 days becomes 3.0329.

   (c) We determine the current rate to maturity for your FMO based on the rate
       for a new FMO issued on the same date and having the same maturity
       date as your FMO; if the same maturity date is not available for
       new FMOs, we determine a rate that is between the rates for new FMO
       maturities that immediately precede and immediately follow your
       FMO's maturity date.

   (d) We determine the present value of the fixed maturity amount payable at
       the maturity date, using the period determined in (b) and the rate
       determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3) We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.


If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.


For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined by using a widely published index. We reserve the right to add up to
0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and the fixed
maturity options and the account for special dollar cost averaging, as well as
our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940. The market value adjustment interests under the contracts, which are
held in a separate account, are issued by AXA Equitable and are registered
under the Securities Act of 1933. The contract is a "covered security" under
the federal securities laws.

                                                            More information  91



We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account . The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have its signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ, FLEXIBLE PREMIUM IRA AND FLEXIBLE
PREMIUM ROTH IRA CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ, Flexible Premium IRA or Flexible Premium Roth IRA contract on a
monthly or quarterly basis. AIP is not available for Rollover IRA, Roth
Conversion IRA, Inherited IRA Beneficiary Continuation (traditional IRA or Roth
IRA), QP or Rollover TSA contracts. Please see Appendix VII later in this
Prospectus to see if the automatic investment program is available in your
state.

For NQ contracts, the minimum amounts we will deduct are $100 monthly and $300
quarterly. Under Flexible Premium IRA and Flexible Premium Roth IRA contracts,
the minimum amount is $50. Under the IRA contracts, these amounts are subject
to the tax maximums. AIP additional contributions may be allocated to any of
the variable investment options and available fixed maturity options, but not
the account for special dollar cost averaging. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.


For contracts with GWBL, AIP will be automatically terminated after the later
of: (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end of the first six months.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o If your contribution, transfer, or any other transaction request, containing
  all the required information, reaches us on a non-business day or after
  4:00 p.m. on a business day, we will use the next business day.

o A loan request under your Rollover TSA contract will be processed on the
  first business day of the month following the date on which the properly
  completed loan request form is received.

o If your transaction is set to occur on the same day of the month as the
  contract date and that date is the 29th, 30th or 31st of the month, then
  the transaction will occur on the 1st day of the next month.

o When a charge is to be deducted on a contract date anniversary that is a
  non-business day, we will deduct the charge on the next business day.

o If we have entered into an agreement with your broker-dealer for automated
  processing of contributions upon receipt of customer order, your
  contribution will be considered received at the time your broker-dealer
  receives your contribution and all information needed to process your
  application, along with any required documents, and transmits your order
  to us in accordance with our processing

92  More information




   procedures. Such arrangements may apply to initial contributions,
   subsequent contributions, or both, and may be commenced or terminated at
   any time without prior notice. If required by law, the "closing time" for
   such orders will be earlier than 4:00 p.m., Eastern Time.


CONTRIBUTIONS AND TRANSFERS


o Contributions allocated to the variable investment options are invested at
    the unit value next determined after the receipt of the contribution.


o Contributions allocated to the guaranteed interest option will receive the
  crediting rate in effect on that business day for the specified time
  period.

o Contributions allocated to a fixed maturity option will receive the rate to
  maturity in effect for that fixed maturity option on that business day
  (unless a rate lock-in is applicable).

o Initial contributions allocated to the account for special dollar cost
  averaging receive the interest rate in effect on that business day. At
  certain times, we may offer the opportunity to lock in the interest rate
  for an initial contribution to be received under Section 1035 exchanges
  and trustee to trustee transfers. Your financial professional can provide
  information or you can call our processing office.


o Transfers to or from variable investment options will be made at the unit
  value next determined after the receipt of the transfer request.


o Transfers to a fixed maturity option will be based on the rate to maturity in
  effect for that fixed maturity option on the business day of the transfer.

o Transfers to the guaranteed interest option will receive the crediting rate
  in effect on that business day for the specified time period.

o For the interest sweep option, the first monthly transfer will occur on the
  last business day of the month following the month that we receive your
  election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of shares of the Trusts, we have the right to vote on certain
matters involving the portfolios, such as:

o the election of trustees;

o the formal approval of independent public accounting firms selected for each
  Trust; or

o any other matters described in each prospectus for the Trusts or requiring a
  shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's annuity and/or variable life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.

CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
notification of any change at our processing office. You cannot assign your NQ
contract as collateral or security for a loan.

                                                            More information  93



Loans are also not available under your NQ contract. In some cases, an
assignment or change of ownership may have adverse tax consequences. See "Tax
information" earlier in this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, the
Earnings enhancement benefit, a PGB, and/or the Guaranteed withdrawal benefit
for life ("Benefit"), generally the Benefit will automatically terminate if you
change ownership of the contract or if you assign the owner's right to change
the beneficiary or person to whom annuity payments will be made. However, the
Benefit will not terminate if the ownership of the contract is transferred from
a non-natural owner to an individual but the contract will continue to be based
on the annuitant's life. Please speak with your financial professional for
further information.


See Appendix VII later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.

You cannot assign or transfer ownership of an IRA, QP or Rollover TSA contract
except by surrender to us. If your individual retirement annuity contract is
held in your custodial individual retirement account, you may only assign or
transfer ownership of such an IRA contract to yourself. Loans are not available
(except for Rollover TSA contracts) and you cannot assign IRA and QP contracts
as security for a loan or other obligation. If the employer that provided the
funds does not restrict them, loans are available under a Rollover TSA
contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your IRA, QP or Rollover TSA
contract to another similar arrangement under federal income tax rules. In the
case of such a transfer, which involves a surrender of your contract, we will
impose a withdrawal charge, if one applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution- based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 0.60% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.


94  More information




The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) on a company and/or product
list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.


                                                            More information  95




9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


96  Incorporation of certain documents by reference




Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.30%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION
- --------------------------------------------------------------------------------
                                             For the years ended December 31,
                                     -------------------------------------------
                                                           2006
- --------------------------------------------------------------------------------
 AXA Aggressive Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  13.91
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                       4,973
- --------------------------------------------------------------------------------
 AXA Conservative Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  11.46
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         590
- --------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  12.12
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                       1,414
- --------------------------------------------------------------------------------
 AXA Moderate Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  12.65
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                       8,363
- --------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  14.01
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                      17,150
- --------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- --------------------------------------------------------------------------------
  Unit value                                             $  12.96
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                          94
- --------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  10.76
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         333
- --------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- --------------------------------------------------------------------------------
  Unit value                                             $  12.84
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         177
- --------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- --------------------------------------------------------------------------------
  Unit value                                             $  12.44
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         448
- --------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- --------------------------------------------------------------------------------
  Unit value                                             $  18.43
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         386
- --------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- --------------------------------------------------------------------------------
  Unit value                                             $  13.53
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                          62
- --------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  11.54
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         176
- --------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $  15.57
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         264
- --------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  13.44
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         212
- --------------------------------------------------------------------------------


                                 Appendix I: Condensed financial information A-1




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)
- --------------------------------------------------------------------------------
                                             For the years ended December 31,
                                     -------------------------------------------
                                                           2006
- --------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 15.00
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        224
- --------------------------------------------------------------------------------
 AXA Premier VIP Technology
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.42
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        112
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.65
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        869
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.73
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        449
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.27
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         63
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- --------------------------------------------------------------------------------
  Unit value                                             $ 18.04
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        800
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.31
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        180
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.73
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        364
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.29
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        213
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 15.23
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                      1,142
- --------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.37
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        124
- --------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.05
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        160
- --------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- --------------------------------------------------------------------------------
  Unit value                                             $  2.77
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        989
- --------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.94
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        101
- --------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.90
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        604
- --------------------------------------------------------------------------------
 EQ/Capital Guardian International
- --------------------------------------------------------------------------------
  Unit value                                             $ 17.03
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        625
- --------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.57
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        276
- --------------------------------------------------------------------------------


A-2 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)
- --------------------------------------------------------------------------------
                                             For the years ended December 31,
                                     -------------------------------------------
                                                           2006
- --------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.20
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        501
- --------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  3.35
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        966
- --------------------------------------------------------------------------------
 EQ/Davis New York Venture
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.85
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        406
- --------------------------------------------------------------------------------
 EQ/Equity 500 Index
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.65
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        553
- --------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  9.95
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        316
- --------------------------------------------------------------------------------
 EQ/Evergreen Omega
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.09
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         81
- --------------------------------------------------------------------------------
 EQ/FI Mid Cap
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.99
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        587
- --------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 15.64
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        506
- --------------------------------------------------------------------------------
 EQ/Franklin Income
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.43
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        828
- --------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.82
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        123
- --------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.43
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        231
- --------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 43.04
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        156
- --------------------------------------------------------------------------------
 EQ/International Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  6.33
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        363
- --------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.77
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         80
- --------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.84
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                      1,106
- --------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.59
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        104
- --------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.22
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        314
- --------------------------------------------------------------------------------


                                 Appendix I: Condensed financial information A-3




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)
- --------------------------------------------------------------------------------
                                             For the years ended December 31,
                                     -------------------------------------------
                                                           2006
- --------------------------------------------------------------------------------
 EQ/Long Term Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  7.67
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        249
- --------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.32
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        291
- --------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.83
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         92
- --------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.50
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        408
- --------------------------------------------------------------------------------
 EQ/Marsico Focus
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.60
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                      1,416
- --------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.42
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        385
- --------------------------------------------------------------------------------
 EQ/Mercury International Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 18.04
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        590
- --------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.00
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         58
- --------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.69
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         37
- --------------------------------------------------------------------------------
 EQ/Money Market
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.24
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        702
- --------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  1.98
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        449
- --------------------------------------------------------------------------------
 EQ/Mutual Shares
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.71
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        666
- --------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.10
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        158
- --------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Cap
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.10
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         96
- --------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.93
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         35
- --------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- --------------------------------------------------------------------------------
  Unit value                                             $  8.59
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        841
- --------------------------------------------------------------------------------
 EQ/Short Duration Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  9.87
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        111
- --------------------------------------------------------------------------------


A-4 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)
- --------------------------------------------------------------------------------
                                             For the years ended December 31,
                                     -------------------------------------------
                                                           2006
- --------------------------------------------------------------------------------
 EQ/Small Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.93
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        327
- --------------------------------------------------------------------------------
 EQ/Small Company Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  5.09
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        574
- --------------------------------------------------------------------------------
 EQ/Small Company Index
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.85
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        370
- --------------------------------------------------------------------------------
 EQ/TCW Equity
- --------------------------------------------------------------------------------
  Unit value                                             $  6.37
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        154
- --------------------------------------------------------------------------------
 EQ/Templeton Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.76
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        526
- --------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- --------------------------------------------------------------------------------
  Unit value                                             $  2.47
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        473
- --------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.93
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        664
- --------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 24.80
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        625
- --------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.35
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        298
- --------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.27
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        173
- --------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- --------------------------------------------------------------------------------
  Unit value                                             $ 23.14
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        450
- --------------------------------------------------------------------------------


                                 Appendix I: Condensed financial information A-5




Appendix II: Purchase considerations for QP contracts


- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an Accumulator(R) QP contract
should discuss with their tax advisors whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether
the plan provisions permit the investment of plan assets in the QP contract,
the distribution of such an annuity, the purchase of the Guaranteed minimum
income benefit and other guaranteed benefits, and the payment of death benefits
in accordance with the requirements of the federal income tax rules. The QP
contract and this Prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Accumulator(R) QP
contract or another annuity contract. Therefore, you should purchase an
Accumulator(R) QP contract to fund a plan for the contract's features and
benefits other than tax deferral, after considering the relative costs and
benefits of annuity contracts and other types of arrangements and funding
vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
from the employer. For 401(k) plans, no employee after-tax contributions are
accepted. A "designated Roth contribution account" is not available in the QP
contract. Checks written on accounts held in the name of the employer instead
of the plan or the trustee will not be accepted. Only one additional transfer
contribution may be made per contract year. If amounts attributable to an
excess or mistaken contribution must be withdrawn, a withdrawal charge and/or
market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o the QP contract may not be an appropriate purchase for participants
  approaching or over age 70-1/2;

o provisions in the Treasury Regulations on required minimum distributions
  require that the actuarial present value of additional annuity contract
  benefits be added to the dollar amount credited for purposes of calculating
  required minimum distributions. This could increase the amounts required to
  be distributed;

o the Guaranteed minimum income benefit may not be an appropriate feature for
  participants who are older than age 60-1/2 when the contract is issued; and


o if the Guaranteed minimum income benefit is automatically exercised as a
result of the no lapse guarantee, payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.


B-1 Appendix II: Purchase considerations for QP contracts




Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)





- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                      Hypothetical assumed rate to maturity(j)
                                                                                                  February 15, 2011
                                                                                --------------------------------------------------
                                                                                      5.00%                   9.00%
- ----------------------------------------------------------------------------------------------------------------------------------
 As of February 15, 2011 before withdrawal
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                                       
(1) Market adjusted amount(b)                                                       $141,389                 $121,737
- ----------------------------------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                        $131,104                 $131,104
- ----------------------------------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                              $ 10,285                 $ (9,367)
- ----------------------------------------------------------------------------------------------------------------------------------
On February 15, 2011 after $50,000 withdrawal
- ----------------------------------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                                   $  3,637                 $ (3,847)
- ----------------------------------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)         $ 46,363                 $ 53,847
- ----------------------------------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                           $ 91,389                 $ 71,737
- ----------------------------------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                                $ 84,741                 $ 77,257
- ----------------------------------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                               $111,099                 $101,287
- ----------------------------------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:


    
 (a)   Number of days from the withdrawal date to the maturity date = D = 1,461

 (b)   Market adjusted amount is based on the following calculation:

         Maturity value                  $171,882
        ----------------        =   ------------------     where j is either 5% or 9%
         (1+j)((D/365))             (1+j)((1,461/365))

 (c)   Fixed maturity amount is based on the following calculation:

         Maturity value                  $171,882
         ---------------        =    ---------------------
         (1+h)((D/365))              (1+0.07)((1,461/365))

 (d)   Maturity value is based on the following calculation:

         Fixed maturity amount      $84,741 or $77,257
         ---------------------  =   ---------------------
          (1+h)((D/365))           (1+0.07)((1,461/365))



                               Appendix III: Market value adjustment example C-1




Appendix IV: Enhanced death benefit example


- --------------------------------------------------------------------------------


The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.
The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option or the fixed maturity
options), no additional contributions, no transfers, no withdrawals and no
loans under a Rollover TSA contract, the enhanced death benefit for an owner
age 45 would be calculated as follows:






- ----------------------------------------------------------------------------------------------------------
   End of
 Contract                        6% Roll-up to Age 85     Annual Ratchet to Age 85     Gwbl Enhanced
   Year        Account Value   Enhanced Death Benefit     Enhanced Death Benefit      Death Benefit
- ----------------------------------------------------------------------------------------------------------
                                                                           
     1          $105,000            $  106,000(4)              $  105,000(1)           $  105,000(5)
- ----------------------------------------------------------------------------------------------------------
     2          $115,500            $  112,360(3)              $  115,500(1)           $  115,500(5)
- ----------------------------------------------------------------------------------------------------------
     3          $129,360            $  119,102(3)              $  129,360(1)           $  129,360(5)
- ----------------------------------------------------------------------------------------------------------
     4          $103,488            $  126,248(4)              $  129,360(2)           $  135,828(6)
- ----------------------------------------------------------------------------------------------------------
     5          $113,837            $  133,823(4)              $  129,360(2)           $  142,296(6)
- ----------------------------------------------------------------------------------------------------------
     6          $127,497            $  141,852(4)              $  129,360(2)           $  148,764(6)
- ----------------------------------------------------------------------------------------------------------
     7          $127,497            $  150,363(4)              $  129,360(2)           $  155,232(6)
- ----------------------------------------------------------------------------------------------------------




The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.

ANNUAL RATCHET TO AGE 85

(1) At the end of contract years 1 through 3, the enhanced death benefit is the
    current account value.

(2) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to
    or higher than the current account value.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.

(3) At the end of contract years 2 and 3, the death benefit will be the current
account value.

(4) At the end of contract years 1 and 4 through 7, the death benefit will be
the enhanced death benefit.

GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.

(5) At the end of contract years 1 through 3, the death benefit is the current
account value.

(6) At the end of contract years 4 through 7, the death benefit is the enhanced
    death benefit.


D-1 Appendix IV: Enhanced death benefit example




Appendix V: Hypothetical illustrations


- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
                                   BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85"
enhanced death benefit, the Earnings enhancement benefit and the Guaranteed
minimum income benefit under certain hypothetical circumstances for an
Accumulator(R) contract. The table illustrates the operation of a contract
based on a male, issue age 60, who makes a single $100,000 contribution and
takes no withdrawals. The amounts shown are for the beginning of each contract
year and assume that all of the account value is invested in portfolios that
achieve investment returns at constant gross annual rates of 0% and 6% (i.e.,
before any investment management fees, 12b-1 fees or other expenses are
deducted from the underlying portfolio assets). After the deduction of the
arithmetic average of the investment management fees, 12b-1 fees and other
expenses of all of the underlying Portfolios (as described below), the
corresponding net annual rates of return would be (2.61)% and 3.39% for the
Accumulator(R) contract, at the 0% and 6% gross annual rates, respectively.
These net annual rates of return reflect the trust and separate account level
charges, but they do not reflect the charges we deduct from your account value
annually for the enhanced death benefit, the Earnings enhancement benefit, and
the Guaranteed minimum income benefit features, as well as the annual
administrative charge. If the net annual rates of return did reflect these
charges, the net annual rates of return shown would be lower; however, the
values shown in the following tables reflect the following contract charges:
the "Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85" enhanced
death benefit charge, the Earnings enhancement benefit charge, the Guaranteed
minimum income benefit charge and any applicable administrative charge and
withdrawal charge. The values shown under "Lifetime annual guaranteed minimum
income benefit" reflect the lifetime income that would be guaranteed if the
Guaranteed minimum income benefit is selected at that contract date
anniversary. An "N/A" in these columns indicates that the benefit is not
exercisable in that year. A "0" under any of the death benefit and/or "Lifetime
annual guaranteed minimum income benefit" columns indicates that the contract
has terminated due to insufficient account value. However, the Guaranteed
minimum income benefit has been automatically exercised, and the owner is
receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

                                      Appendix V: Hypothetical illustrations E-1




Variable deferred annuity
Accumulator(R)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 Guaranteed
  minimum death benefit
  Earnings enhancement benefit
  Guaranteed minimum income benefit






                                                          Greater of 6%
                                                         Roll-Up to age
                                                          85 or Annual                                  Lifetime Annual
                                                         Ratchet to age                        Guaranteed Minimum Income Benefit
                                                          85 Guaranteed    Total Death Benefit ----------------------------------
                                                          Minimum Death     with the Earnings     Guaranteed       Hypothetical
                   Account Value        Cash Value           Benefit       enhancement benefit      Income            Income
       Contract ------------------- ------------------ ------------------- ------------------- ----------------- ----------------
 Age     Year       0%        6%       0%        6%        0%        6%        0%        6%       0%       6%       0%       6%
- ----- --------- --------- --------- -------- --------- --------- --------- --------- --------- -------- -------- -------- -------
                                                                                   
 60        1     100,000  100,000    93,000    93,000   100,000  100,000    100,000  100,000      N/A     N/A       N/A     N/A
 61        2      95,671  101,650    88,671    94,650   106,000  106,000    108,400  108,400      N/A     N/A       N/A     N/A
 62        3      91,387  103,268    85,387    97,268   112,360  112,360    117,304  117,304      N/A     N/A       N/A     N/A
 63        4      87,142  104,846    81,142    98,846   119,102  119,102    126,742  126,742      N/A     N/A       N/A     N/A
 64        5      82,930  106,380    77,930   101,380   126,248  126,248    136,747  136,747      N/A     N/A       N/A     N/A
 65        6      78,743  107,862    75,743   104,862   133,823  133,823    147,352  147,352      N/A     N/A       N/A     N/A
 66        7      74,575  109,284    73,575   108,284   141,852  141,852    158,593  158,593      N/A     N/A       N/A     N/A
 67        8      70,420  110,638    70,420   110,638   150,363  150,363    170,508  170,508      N/A     N/A       N/A     N/A
 68        9      66,270  111,917    66,270   111,917   159,385  159,385    183,139  183,139      N/A     N/A       N/A     N/A
 69       10      62,118  113,109    62,118   113,109   168,948  168,948    196,527  196,527      N/A     N/A       N/A     N/A
 74       15      41,004  117,409    41,004   117,409   226,090  226,090    276,527  276,527    13,520  13,520    13,520  13,520
 79       20      18,546  117,701    18,546   117,701   302,560  302,560    383,584  383,584    20,272  20,272    20,272  20,272
 84       25           0  111,751         0   111,751         0  404,893          0  493,179         0  32,391         0  32,391
 89       30           0  111,765         0   111,765         0  429,187          0  517,472      N/A     N/A       N/A     N/A
 94       35           0  114,924         0   114,924         0  429,187          0  517,472      N/A     N/A       N/A     N/A
 95       36           0  115,614         0   115,614         0  429,187          0  517,472      N/A     N/A       N/A     N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a policy would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual policy years. We can make no representation that these hypothetical
investment results can be achieved for any one year or continued over any
period of time. In fact, for any given period of time, the investment results
could be negative.

E-2 Appendix V: Hypothetical illustrations




Appendix VI: Earnings enhancement benefit example


- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes the
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:



                                                                No Withdrawal   $3,000 withdrawal   $6,000 withdrawal
    -------------------------------------------------------------------------------------------------------------------
                                                                                                
A   Initial contribution                                           100,000           100,000             100,000
    -------------------------------------------------------------------------------------------------------------------
B   Death benefit: prior to withdrawal.*                           104,000           104,000             104,000
    -------------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit earnings: death
    benefit less net contributions (prior to the withdrawal in
    D).                                                             4,000             4,000               4,000
    B minus A.
    -------------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                        0               3,000               6,000
    -------------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                      0                 0                 2,000
    greater of D minus C or zero
    -------------------------------------------------------------------------------------------------------------------
    Net contributions (adjusted for the withdrawal in D)
F   A minus E                                                      100,000           100,000              98,000
    -------------------------------------------------------------------------------------------------------------------
    Death benefit (adjusted for the withdrawal in D)
G   B minus D                                                      104,000           101,000              98,000
    -------------------------------------------------------------------------------------------------------------------
    Death benefit less net contributions
H   G minus F                                                       4,000             1,000                 0
    -------------------------------------------------------------------------------------------------------------------
I   Earnings enhancement benefit factor                              40%               40%                 40%
    -------------------------------------------------------------------------------------------------------------------
J   Earnings enhancement benefit
    H times I                                                       1,600              400                  0
    -------------------------------------------------------------------------------------------------------------------
    Death benefit: including Earnings enhancement benefit
K   G plus J                                                       105,600           101,400              98,000
    -------------------------------------------------------------------------------------------------------------------


*   The death benefit is the greater of the account value or any applicable
    death benefit.


                           Appendix VI: Earnings enhancement benefit example F-1




Appendix VII: State contract availability and/or variations of certain features
and benefits


- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
contract or certain features and/or benefits are either not available as of the
date of this Prospectus or vary from the contract's features and benefits as
previously described in this Prospectus.

STATES WHERE CERTAIN ACCUMULATOR(R) FEATURES AND/OR BENEFITS ARE NOT AVAILABLE
OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:




- ------------------------------------------------------------------------------------------------------------------------------------
 State          Features and Benefits                                  Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                 
CALIFORNIA      See "Contract features and benefits"--"Your right to   If you reside in the state of California and you are age 60
                cancel within a certain number of days."               and older at the time the contract is issued, you may return
                                                                       your variable annuity contract within 30 days from the
                                                                       date that you receive it and receive a refund as described
                                                                       below.

                                                                       If you allocate your entire initial contribution to the
                                                                       EQ/Money Market option (and/or guaranteed interest option,
                                                                       if available), the amount of your refund will be equal to
                                                                       your contribution less interest, unless you make a
                                                                       transfer, in which case the amount of your refund will be
                                                                       equal to your account value on the date we receive your
                                                                       request to cancel at our processing office. This amount
                                                                       could be less than your initial contribution. If the
                                                                       Principal guarantee benefit or Guaranteed withdrawal
                                                                       benefit for life is elected, the investment allocation
                                                                       during the 30 day free look period is limited to the
                                                                       guaranteed interest option. If you allocate any portion of
                                                                       your initial contribution to the variable investment
                                                                       options (other than the EQ/Money Market option) and/or
                                                                       fixed maturity options, your refund will be equal to your
                                                                       account value on the date we receive your request to cancel
                                                                       at our processing office.
- ------------------------------------------------------------------------------------------------------------------------------------
MASSACHUSETTS   Effective on or about August 6, 2007, this contract
                will be available to Massachusetts residents with the
                following variations:

                Annual administrative charge                           The annual administrative charge will not be deducted from
                                                                       amounts allocated to the Guaranteed interest option.

                See "Disability, terminal illness or confinement       This section is deleted in its entirety.
                to nursing home" under "Withdrawal charge" in
                "Charges and expenses"
- ------------------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA    See "Disability, terminal illness, or confinement      Item (iii) under this section is deleted in its entirety
                to nursing home" under "Withdrawal charge" in
                "Charges and expenses"

                Required disclosure for Pennsylvania customers         Any person who knowingly and with intent to defraud any
                                                                       insurance company or other person files an application for
                                                                       insurance or statement of claim containing any materially
                                                                       false information or conceals for the purpose of misleading,
                                                                       information concerning any fact material thereto commits a
                                                                       fraudulent insurance act, which is a crime and subjects such
                                                                       person to criminal and civil penalties.
- ------------------------------------------------------------------------------------------------------------------------------------




G-1 Appendix VII: State contract availability and/or variations of certain
features and benefits







- ------------------------------------------------------------------------------------------------------------------------------------
 State          Features and Benefits                                  Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                 
PUERTO RICO   IRA, Roth IRA, Inherited IRA, QP and Rollover TSA        Not Available
              contracts

              Beneficiary continuation option (IRA)                    Not Available
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS         See "Annual administrative charge" in "Charges           The annual administrative charge will be deducted from the
              and expenses"                                            value in the variable investment options on a pro rata basis.
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON    Guaranteed interest option                               Not Available

              Investment simplifier -- Fixed-dollar option             Not Available
              and Interest sweep option

              Fixed maturity options                                   Not Available

              Income Manager(SM) payout option                         Not Available

              Earnings enhancement benefit                             Not Available

              Special dollar cost averaging program                    o Available only at issue
                                                                       o Subsequent contributions cannot be used to elect new
                                                                         programs. You may make subsequent contributions to
                                                                         the initial programs while they are still running.

              See "Guaranteed minimum death benefit/Guaranteed mini-   Your "Greater of 4% Roll-Up to Age 85 or Annual Ratchet
              mum income benefit roll-up benefit base reset" in        to age 85 enhanced death benefit" benefit base will reset
              "Contract features and benefits"                         only if your account value is greater than your Guaranteed
                                                                       minimum income benefit base.

              See "Guaranteed minimum death benefit" in "Contract      You have a choice of the standard death benefit, the Annual
              features and benefits"                                   Ratchet to age 85 enhanced death benefit, or the Greater of
                                                                       4% Roll-Up to age 85 or Annual Ratchet to age 85
                                                                       enhanced death benefit.

              See "Annual administrative charge" in "Charges           The annual administrative charge will be deducted from the
              and expenses"                                            value in the variable investment options on a pro rata basis.

              See "Withdrawal charge" in "Charges and expenses"        The 10% free withdrawal amount applies to full surrenders.
                                                                       value in the variable investment options on a pro rata basis.

              See "Withdrawal charge" in "Charges and expenses" under  The annuitant has qualified to receive Social Security
              "Disability, terminal illness, or confinement to nursing disability benefits as certified by the Social Security
              home"                                                    Administration or a statement from an independent U.S.
                                                                       licensed physician stating that the annuitant meets the
                                                                       definition of total dis- ability for at least 6 continuous
                                                                       months prior to the notice of claim. Such disability must
                                                                       be re-certified every 12 months.
- -----------------------------------------------------------------------------------------------------------------------------------



                     Appendix VII: State contract availability and/or variations
                                   of certain features and benefits G-2



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                            Page

Who is AXA Equitable?                                                        2

Unit Values                                                                  2
Custodian and Independent Registered Public Accounting Firm                  2
Distribution of the Contracts                                                2
Financial Statements                                                         2

How to Obtain an Accumulator(R) Statement of Additional Information for
Separate Account No. 49

Send this request form to:
  Accumulator(R)
  P.O. Box 1547
  Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -


Please send me an Accumulator(R) SAI for Separate Account No. 49 dated
May 1, 2007.



- --------------------------------------------------------------------------------
Name:

- --------------------------------------------------------------------------------
Address:

- --------------------------------------------------------------------------------
City           State    Zip


                     x01479/Core '02, OR, '04, '06, Jumpstart '07 and '07 Series





Accumulator(R)
A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 29, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS ACCUMULATOR(R)?

Accumulator(R) is a deferred annuity contract issued by AXA Equitable Life
Insurance Company. It provides for the accumulation of retirement savings and
for income. The contract offers income and death benefit protection. It also
offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option, fixed maturity options, or the account for special
dollar cost averaging ("investment options"). This contract may not currently
be available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.


- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)              o EQ/Lord Abbett Growth and Income
o AXA Conservative Allocation(1)            o EQ/Lord Abbett Large Cap Core
o AXA Conservative-Plus Allocation(1)       o EQ/Lord Abbett Mid Cap Value
o AXA Moderate Allocation(1)                o EQ/Marsico Focus
o AXA Moderate-Plus Allocation(1)           o EQ/Money Market
o EQ/AllianceBernstein Common Stock         o EQ/Montag & Caldwell Growth
o EQ/AllianceBernstein Intermediate         o EQ/Mutual Shares
  Government Securities                     o EQ/Oppenheimer Global
o EQ/AllianceBernstein International        o EQ/Oppenheimer Main Street
o EQ/AllianceBernstein Large Cap              Opportunity
  Growth                                    o EQ/Oppenheimer Main Street Small
o EQ/AllianceBernstein Quality Bond           Cap
o EQ/AllianceBernstein Small Cap            o EQ/PIMCO Real Return
  Growth                                    o EQ/Short Duration Bond
o EQ/AllianceBernstein Value                o EQ/Small Company Index
o EQ/Ariel Appreciation II                  o EQ/TCW Equity*
o EQ/AXA Rosenberg Value Long/Short         o EQ/Templeton Growth
  Equity                                    o EQ/UBS Growth and Income
o EQ/BlackRock Basic Value Equity           o EQ/Van Kampen Comstock
o EQ/BlackRock International Value          o EQ/Van Kampen Emerging Markets
o EQ/Boston Advisors Equity Income            Equity
o EQ/Calvert Socially Responsible           o EQ/Van Kampen Mid Cap Growth
o EQ/Capital Guardian Growth                o EQ/Van Kampen Real Estate**
o EQ/Capital Guardian Research              o MarketPLUS International Core
o EQ/Caywood-Scholl High Yield Bond         o MarketPLUS Large Cap Core
o EQ/Davis New York Venture                 o MarketPLUS Large Cap Growth
o EQ/Equity 500 Index                       o MarketPLUS Mid Cap Value
o EQ/Evergreen International Bond           o Multimanager Aggressive Equity
o EQ/Evergreen Omega                        o Multimanager Core Bond
o EQ/FI Mid Cap                             o Multimanager Health Care
o EQ/Franklin Income                        o Multimanager High Yield
o EQ/Franklin Small Cap Value               o Multimanager International Equity
o EQ/Franklin Templeton Founding            o Multimanager Large Cap Core Equity
  Strategy                                  o Multimanager Large Cap Growth
o EQ/GAMCO Mergers and Acquisitions         o Multimanager Large Cap Value
o EQ/GAMCO Small Company Value              o Multimanager Mid Cap Growth
o EQ/International Growth                   o Multimanager Mid Cap Value
o EQ/JPMorgan Core Bond                     o Multimanager Small Cap Growth
o EQ/JPMorgan Value Opportunities           o Multimanager Small Cap Value
o EQ/Legg Mason Value Equity                o Multimanager Technology
o EQ/Long Term Bond
- --------------------------------------------------------------------------------


(1)  The "AXA Allocation" portfolios.


*    The name of the investment option will change to EQ/T. Rowe Price Growth
     Stock on or about July 9, 2007, subject to regulatory approval.

**   This investment option will be available on or about July 9, 2007, subject
     to regulatory approval.


You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust or the EQ Advisors Trust
(the "Trusts"). Your investment results in a variable investment option will
depend on the investment performance of the related portfolio.

You may also allocate amounts to the guaranteed interest option, the fixed
maturity options, and the account for special dollar cost averaging, which are
discussed later in this Prospectus. If you elect a Principal guarantee benefit,
the Guaranteed withdrawal benefit for life or the Guaranteed minimum income
benefit without the Greater of 6-1/2% (or 6%) Roll-Up to age 85 or the Annual
Ratchet to age 85 enhanced death benefit, your investment options will be
limited to the guaranteed interest option, the account for special dollar cost
averaging and certain permitted variable investment option(s). The permitted
variable investment options are described later in this Prospectus.

TYPES OF CONTRACTS. We offer the contracts for use as:

o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  An individual retirement annuity ("IRA"), either traditional IRA or Roth IRA.

   We offer two versions of the traditional IRA: "Rollover IRA" and "Flexible
   Premium IRA." We also offer two versions of the Roth IRA: "Roth Conversion
   IRA" and "Flexible Premium Roth IRA."

o  Traditional and Roth Inherited IRA beneficiary continuation contract
   ("Inherited IRA") (direct transfer and specified direct rollover
   contributions only).

o  An annuity that is an investment vehicle for a qualified defined contribution
   plans and certain qualified defined benefit plans ("QP"). (Rollover and
   direct transfer contributions only).

o  An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $5,000 is required to purchase an NQ, Rollover IRA,
Roth Conversion IRA, Inherited IRA, QP, or Rollover TSA contract. For Flexible
Premium IRA or Flexible Premium Roth IRA contracts, we require a contribution
of $4,000 to purchase a contract.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 29, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.

                                             X01460/Core '07 Series/new biz only
                                                                        (R-4/15)




Contents of this Prospectus
- --------------------------------------------------------------------------------

ACCUMULATOR(R)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) at a glance -- key features                                   9

- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     15
Condensed financial information                                             19

- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           20
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        20
Owner and annuitant requirements                                            25
How you can make your contributions                                         25
What are your investment options under the contract?                        25
Portfolios of the Trusts                                                    27
Allocating your contributions                                               33
Guaranteed minimum death benefit and
     Guaranteed minimum income benefit base                                 35
Annuity purchase factors                                                    37
Guaranteed minimum income benefit                                           37
Guaranteed minimum death benefit                                            39
Guaranteed withdrawal benefit for life ("GWBL")                             41
Principal guarantee benefits                                                44
Inherited IRA beneficiary continuation contract                             45
Your right to cancel within a certain number of days                        46

- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        48
- --------------------------------------------------------------------------------
Your account value and cash value                                           48
Your contract's value in the variable investment options                    48
Your contract's value in the guaranteed interest option                     48
Your contract's value in the fixed maturity options                         48
Your contract's value in the account for special dollar
     cost averaging                                                         48
Insufficient account value                                                  48

- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
Prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.


2  Contents of this Prospectus




- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS                         50
- --------------------------------------------------------------------------------
Transferring your account value                                             50
Disruptive transfer activity                                                50
Rebalancing your account value                                              51

- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     52
- --------------------------------------------------------------------------------
Withdrawing your account value                                              52
How withdrawals are taken from your account value                           54
How withdrawals affect your Guaranteed minimum
   income benefit, Guaranteed minimum death benefit
     and Principal guarantee benefits                                       54
How withdrawals affect your GWBL and GWBL Guaranteed
     minimum death benefit                                                  55
Withdrawals treated as surrenders                                           55
Loans under Rollover TSA contracts                                          55
Surrendering your contract to receive its cash value                        56
When to expect payments                                                     56
Your annuity payout options                                                 56

- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     59
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          59
Charges that the Trusts deduct                                              63
Group or sponsored arrangements                                             63
Other distribution arrangements                                             63

- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 64
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     64
Beneficiary continuation option                                             66

- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          69
- --------------------------------------------------------------------------------
Overview                                                                    69
Buying a contract to fund a retirement arrangement                          69
Transfers among investment options                                          69
Taxation of nonqualified annuities                                          69
Individual retirement arrangements (IRAs)                                   71
Tax-sheltered annuity contracts (TSAs)                                      81
Federal and state income tax withholding and
     information reporting                                                  85
Special rules for contracts funding qualified plans                         86
Impact of taxes to AXA Equitable                                            86

- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         87
- --------------------------------------------------------------------------------
About Separate Account No. 49                                               87
About the Trusts                                                            87
About our fixed maturity options                                            87
About the general account                                                   88
About other methods of payment                                              89
Dates and prices at which contract events occur                             89
About your voting rights                                                    90
About legal proceedings                                                     90
Financial statements                                                        90
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          91

About Custodial IRAs                                                        91

Distribution of the contracts                                               91

- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS
     BY REFERENCE                                                           94
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
  I -- Condensed financial information                                     A-1
 II -- Purchase considerations for QP contracts                            B-1
III -- Market value adjustment example                                     C-1
 IV -- Enhanced death benefit example                                      D-1
  V -- Hypothetical illustrations                                          E-1
 VI -- Earnings enhancement benefit example                                F-1
VII -- State contract availability and/or variations of certain
        features and benefits                                              G-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3




Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.


                                                                 Page
   3% Roll-Up to age 85                                            36
   6% Roll-Up to age 85                                            35
   6-1/2% Roll-Up to age 85                                        35
   account for special dollar cost averaging                       33
   account value                                                   48
   administrative charge                                           59
   annual administrative charge                                    59
   Annual Ratchet                                                  43
   Annual Ratchet to age 85 enhanced death benefit                 35
   annuitant                                                       20
   annuitization                                                   56
   annuity maturity date                                           58
   annuity payout options                                          56
   annuity purchase factors                                        37
   automatic investment program                                    89
   AXA Allocation portfolios                                    cover
   beneficiary                                                     64
   Beneficiary continuation option ("BCO")                         66
   benefit base                                                    42
   business day                                                    89
   cash value                                                      48
   charges for state premium and other applicable taxes            62
   contract date                                                   25
   contract date anniversary                                       25
   contract year                                                   25
   contributions to Roth IRAs                                      78
      regular contributions                                        78
      rollovers and transfers                                      78
      conversion contributions                                     79
   contributions to traditional IRAs                               72
      regular contributions                                        72
      rollovers and transfers                                      74
   disability, terminal illness or confinement to nursing home     60
   disruptive transfer activity                                    50
   Distribution Charge                                             59
   Earnings enhancement benefit                                    40
   Earnings enhancement benefit charge                             62
   EQAccess                                                         7
   ERISA                                                           55
   Fixed-dollar option                                             34
   fixed maturity options                                          32
   Flexible Premium IRA                                         cover
   Flexible Premium Roth IRA                                    cover
   free look                                                       46
   free withdrawal amount                                          60
   general account                                                 88
   General dollar cost averaging                                   34
   guaranteed interest option                                      32
   Guaranteed minimum death benefit                                36
   Guaranteed minimum income benefit and the
      Roll-Up benefit base reset option                            36
- --------------------------------------------------------------------------------

                                                                 Page
   Guaranteed minimum income benefit                               37
   Guaranteed minimum income benefit charge                        61
   Guaranteed minimum income benefit "no lapse guarantee"          39
   Guaranteed withdrawal benefit for life                          41
   Guaranteed withdrawal benefit for life charge                   62
   IRA                                                          cover
   IRS                                                             69
   Inherited IRA                                                cover
   Investment simplifier                                           34
   investment options                                           cover
   lifetime required minimum distribution withdrawals              53
   loan reserve account                                            56
   loans under Rollover TSA                                        55
   market adjusted amount                                          32
   market value adjustment                                         32
   market timing                                                   50
   maturity dates                                                  32
   maturity value                                                  32
   Mortality and expense risks charge                              59
   NQ                                                           cover
   partial withdrawals                                             52
   participant                                                     25
   permitted variable investment options                           26
   portfolio                                                    cover
   Principal guarantee benefits                                    44
   processing office                                                7
   QP                                                           cover
   rate to maturity                                                32
   Rebalancing                                                     51
   Rollover IRA                                                 cover
   Rollover TSA                                                 cover
   Roth Conversion IRA                                          cover
   Roth IRA                                                     cover
   SAI                                                          cover
   SEC                                                          cover
   self-directed allocation                                        33
   Separate Account No. 49                                         87
   Special dollar cost averaging                                   33
   standard death benefit                                          35
   substantially equal withdrawals                                 53
   Spousal continuation                                            65
   systematic withdrawals                                          53
   TOPS                                                             7
   TSA                                                          cover
   traditional IRA                                              cover
   Trusts                                                          87
   unit                                                            48
   variable investment options                                     26
   wire transmittals and electronic applications                   89
   withdrawal charge                                               60
- --------------------------------------------------------------------------------


To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract.

- --------------------------------------------------------------------------------
  Prospectus               Contract or Supplemental Materials
- --------------------------------------------------------------------------------
  fixed maturity options   Guarantee Periods (Guaranteed Fixed
                           Interest Accounts in supplemental materials)
- --------------------------------------------------------------------------------

4 Index of key words and phrases



- -------------------------------------------------------------------------------
  Prospectus                               Contract or Supplemental Materials
- -------------------------------------------------------------------------------
  variable investment options              Investment Funds
  account value                            Annuity Account Value
  rate to maturity                         Guaranteed Rates
  unit                                     Accumulation Unit
  Guaranteed minimum death benefit         Guaranteed death benefit
  Guaranteed minimum income benefit        Guaranteed Income Benefit
  Guaranteed interest option               Guaranteed Interest Account
  Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
  GWBL benefit base                        Guaranteed withdrawal benefit for
                                           life benefit base
  Guaranteed annual withdrawal amount      Guaranteed withdrawal benefit for
                                           life Annual withdrawal amount
  GWBL Excess withdrawal                   Guaranteed withdrawal benefit for
                                           life Excess withdrawal
- --------------------------------------------------------------------------------

                                                Index of key words and phrases 5




Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


6  Who is AXA Equitable?




HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDITIONAL CONTRIBUTIONS SENT
 BY REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R)
P.O. Box 13014
Newark, NJ 07188-0014

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDITIONAL CONTRIBUTIONS SENT
 BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------
Accumulator(R)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL OTHER COMMUNICATIONS
 (E.G., REQUESTS FOR TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL OTHER COMMUNICATIONS
 (E.G., REQUESTS FOR TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o  written confirmation of financial transactions;

o  statement of your contract values at the close of each calendar year, and any
   calendar quarter in which there was a financial transaction; and

o  annual statement of your contract values as of the close of the contract
   year, including notification of eligibility to exercise the Guaranteed
   minimum income benefit and/or the Roll-Up benefit base reset option.

- --------------------------------------------------------------------------------
  TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o  your current account value;

o  your current allocation percentages;

o  the number of units you have in the variable investment options;

o  rates to maturity for the fixed maturity options;

o  the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the investment
   options;

o  elect to receive certain contract statements electronically;

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.

                                                        Who is AXA Equitable?  7




WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA or Flexible
     Premium Roth IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts and
     contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;

(14) requests to reset your Roll-Up benefit base;

(15) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(16) death claims;

(17) change in ownership (NQ only);

(18) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL");

(19) requests to reset the guaranteed minimum value for contracts with a
     Principal guarantee benefit; and

(20) requests to collaterally assign your NQ contract.

WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6)  special dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  special dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:

The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners, both must sign.

8  Who is AXA Equitable?




Accumulator(R) at a glance -- key features


- --------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
                                                 
Professional investment      Accumulator's(R) variable investment options invest in different portfolios managed by professional
management                   investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options       o Fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years (subject to
                               availability).

                             o Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                               maturity.
                             -------------------------------------------------------------------------------------------------------
                             If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a
                             market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                             portion of a fixed maturity amount, this may increase or decrease any value that you have left in that
                             fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest          o Principal and interest guarantees.
option
                             o Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
Account for special dollar   Available for dollar cost averaging all or a portion of any eligible contribution to your contract.
cost averaging
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations           o No tax on earnings inside the contract until you make withdrawals from your contract or receive
                               annuity payments.
                             -------------------------------------------------------------------------------------------------------
                             o No tax on transfers among investment options inside the contract.
                             -------------------------------------------------------------------------------------------------------
                             If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax Sheltered
                             Annuity (TSA), or to fund an employer retirement plan (QP or Qualified Plan), you should be aware that
                             such annuities do not provide tax deferral benefits beyond those already provided by the Internal
                             Revenue Code. Before purchasing one of these annuities, you should consider whether its features and
                             benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative
                             features, benefits and costs of these annuities compared with any other investment that you may use in
                             connection with your retirement plan or arrangement. Depending on your personal situation, the
                             contract's guaranteed benefits may have limited usefulness because of required minimum distributions
                             ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum           The Guaranteed minimum income benefit provides income protection for you during your life once you
income benefit               elect to annuitize the contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal        The Guaranteed withdrawal benefit for life option ("GWBL") guarantees that you can take withdrawals of
benefit for life             up to a maximum amount each contract year (your "Guaranteed annual withdrawal amount") beginning at age
                             45 or later.
                             Withdrawals are taken from your account value and continue during your lifetime even if your account
                             value falls to zero (unless it is caused by a withdrawal that exceeds your Guaranteed annual withdrawal
                             amount).
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts         o NQ, Rollover IRA, Roth Conversion IRA, Inherited IRA, QP and Rollover TSA contracts
                               o Initial minimum:      $5,000
                               o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                       $100 monthly and $300 quarterly under our automatic investment program
                                                       (NQ, Rollover IRA and Roth conversion IRA contracts)
                                                       $50 (IRA contracts)
                                                       $1000 (Inherited IRA contracts)
                             -------------------------------------------------------------------------------------------------------
                             o Flexible Premium IRA and Flexible Premium Roth IRA contracts
                               o Initial minimum:      $4,000
                               o Additional minimum:   $   50
                               $50 under our automatic investment program
                             -------------------------------------------------------------------------------------------------------
                             Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                             ($500,000 for owners or annuitants who are age 81 and older at contract issue) under all Accumulator(R)
                             series contracts with the same owner or annuitant. We reserve the right to limit aggregate
                             contributions made after the first contract year to 150% of first-year contributions. See "How you can
                             purchase and contribute to your contract" in "Contract features and benefits" later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------



                                    Accumulator(R) at a glance -- key features 9






- --------------------------------------------------------------------------------
                         
Access to your money        o Partial withdrawals

                            o Several withdrawal options on a periodic basis

                            o Loans under Rollover TSA contracts

                            o Contract surrender

                            o Maximum payment plan (only under contracts with
                              GWBL)

                            o Customized payment plan (only under contracts with
                              GWBL) You may incur a withdrawal charge for
                              certain withdrawals or if you surrender your
                              contract.

                              You may also incur income tax and a tax penalty.
                              Certain withdrawals will diminish the value of
                              optional benefits.

- --------------------------------------------------------------------------------
Payout options              o Fixed annuity payout options

                            o Variable Immediate Annuity payout options
                              (described in a separate prospectus for that
                              option)

                            o Income Manager(SM) payout options (described in a
                              separate prospectus for that option)
- --------------------------------------------------------------------------------
Additional features         o Guaranteed minimum death benefit options

                            o Principal guarantee benefits

                            o Dollar cost averaging

                            o Automatic investment program

                            o Account value rebalancing (quarterly,
                              semiannually, and annually)

                            o Free transfers

                            o Waiver of withdrawal charge for certain
                              withdrawals, disability, terminal illness, or
                              confinement to a nursing home

                            o Earnings enhancement benefit, an optional death
                              benefit available under certain contracts

                            o Spousal continuation

                            o Beneficiary continuation option

                            o Roll-Up benefit base reset
- --------------------------------------------------------------------------------
Fees and charges            Please see "Fee table" later in this section for
                            complete details.
- --------------------------------------------------------------------------------
Owner and annuitant issue   NQ: 0-85
ages                        Rollover IRA, Roth Conversion IRA, Flexible Premium
                            Roth IRA and Rollover TSA: 20-85
                            Flexible Premium IRA: 20-70
                            Inherited IRA: 0-70
                            QP (Defined Contribution and Defined Benefit): 20-75
- --------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.

OTHER CONTRACTS

We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.

10 Accumulator(R) at a glance -- key features




Fee table

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your
cash value to certain payout options or if you purchase a Variable Immediate
Annuity payout option. Charges designed to approximate certain taxes that may
be imposed on us, such as premium taxes in your state, may also apply.




- ------------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain transactions
- ------------------------------------------------------------------------------------------
                                                                             
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain
withdrawals or apply your cash value to certain payout options).(1)             7.00%

Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                          $350

The next table describes the fees and expenses that you will pay
periodically during the time that you own the contract, not including
the underlying trust portfolio fees and expenses.

- ------------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- ------------------------------------------------------------------------------------------
Maximum annual administrative charge(2)
    If your account value on a contract date anniversary is less than
    $50,000(3)                                                                  $30
    If your account value on a contract date anniversary is $50,000 or
    more                                                                        $0
- ------------------------------------------------------------------------------------------
 Charges we deduct from your variable investment options expressed as an
 annual percentage of daily net assets
- ------------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:

Mortality and expense risks                                                     0.80%
Administrative                                                                  0.30%
Distribution                                                                    0.20%
                                                                                -----
Total Separate account annual expenses                                          1.30%
- ------------------------------------------------------------------------------------------
 Charges we deduct from your account value each year if you elect any of the following
 optional benefits
- ------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a percentage of
the applicable benefit base. Deducted annually(2) on each contract date
anniversary for which the benefit is in effect).

   Standard death benefit and GWBL Standard death benefit                       0.00%
   Annual Ratchet to age 85                                                     0.25%
   Greater of 6-1/2% Roll-Up to age 85 or Annual Ratchet to age 85              0.80%(4)

    If you elect to reset this benefit base, if applicable, we reserve
    the right to increase your charge up to:                                    0.95%

   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85                  0.65%(4)

    If you elect to reset this benefit base, if applicable, we reserve
    the right to increase your charge up to:                                    0.80%

   Greater of 3% Roll-Up to age 85 or Annual Ratchet to age 85                  0.65%
   GWBL Enhanced death benefit                                                  0.30%
- ------------------------------------------------------------------------------------------



                                                                    Fee table 11






- ----------------------------------------------------------------------------------------------------------------
                                                                      
Principal guarantee benefits charge (calculated as a percentage
of the account value. Deducted annually(2) on each contract date anni-
versary for which the benefit is in effect)

   100% Principal guarantee benefit                                      0.50%

   125% Principal guarantee benefit                                      0.75%
- ----------------------------------------------------------------------------------------------------------------
Guaranteed minimum income benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect)

If you elect the Guaranteed minimum income benefit that includes the
6-1/2% Roll-Up benefit base                                              0.80%(4)

   If you elect to reset this benefit base, we reserve the right to
   increase your charge up to:                                           1.10%

If you elect the Guaranteed minimum income benefit that includes the
6% Roll-Up benefit base                                                  0.65%(4)

   If you elect to reset this Roll-Up benefit base, we reserve the
   right to increase your charge up to:                                  0.95%
- ----------------------------------------------------------------------------------------------------------------
Earnings enhancement benefit charge (calculated as a percentage
of the account value. Deducted annually(2) on each contract date
anniversary for which the benefit is in effect)                          0.35%
- ----------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal benefit for life benefit charge (calculated        0.60% for the Single Life option
as a percentage of the GWBL benefit base. Deducted annually(2) on        0.75% for the Joint Life option
each contract date anniversary).

If your GWBL benefit base ratchets, we reserve the right to increase
your charge up to:                                                       0.75% for the Single Life option
                                                                         0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life" in "Contract features and benefits" for more information
about this feature, including its benefit base and the Annual Ratchet provision, and "Guaranteed withdrawal
benefit for life benefit charge" in "Charges and expenses," both later in this Prospectus.
- ----------------------------------------------------------------------------------------------------------------
Net loan interest charge - Rollover TSA contracts only (calculated
and deducted daily as a percentage of the outstanding loan amount)       2.00%(5)
- ----------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.



- ----------------------------------------------------------------------------------------------------------------
Portfolio operating expenses expressed as an annual percentage of daily net assets
- ----------------------------------------------------------------------------------------------------------------
                                                                                             
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted          Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or       ------     -------
other expenses)(6)                                                                      0.63%      3.15%
- ----------------------------------------------------------------------------------------------------------------




12 Fee table







- ---------------------------------------------------------------------------------------------
This table shows the fees and expenses for 2006 as an annual percentage of each Portfolio's
daily average net assets.
- ---------------------------------------------------------------------------------------------
                                                         Manage-
                                                          ment       12b-1     Other
 Portfolio Name                                          Fees(7)    Fees(8)   Expenses(9)
- ---------------------------------------------------------------------------------------------
                                                                      
 AXA Premier VIP Trust:
- ---------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.10%      0.25%     0.18%
AXA Conservative Allocation                               0.10%      0.25%     0.22%
AXA Conservative-Plus Allocation                          0.10%      0.25%     0.18%
AXA Moderate Allocation                                   0.10%      0.25%     0.17%
AXA Moderate-Plus Allocation                              0.10%      0.25%     0.17%
Multimanager Aggressive Equity                            0.61%      0.25%     0.19%
Multimanager Core Bond                                    0.59%      0.25%     0.18%
Multimanager Health Care                                  1.20%      0.25%     0.23%
Multimanager High Yield                                   0.58%      0.25%     0.18%
Multimanager International Equity                         1.02%      0.25%     0.26%
Multimanager Large Cap Core Equity                        0.90%      0.25%     0.20%
Multimanager Large Cap Growth                             0.90%      0.25%     0.22%
Multimanager Large Cap Value                              0.88%      0.25%     0.22%
Multimanager Mid Cap Growth                               1.10%      0.25%     0.20%
Multimanager Mid Cap Value                                1.10%      0.25%     0.21%
Multimanager Small Cap Growth+                            1.05%      0.25%     0.23%
Multimanager Small Cap Value+                             1.03%      0.25%     0.18%
Multimanager Technology                                   1.20%      0.25%     0.23%
- ---------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ---------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%     0.13%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%     0.14%
EQ/AllianceBernstein International                        0.71%      0.25%     0.20%
EQ/AllianceBernstein Large Cap Growth                     0.90%      0.25%     0.11%
EQ/AllianceBernstein Quality Bond                         0.50%      0.25%     0.14%
EQ/AllianceBernstein Small Cap Growth                     0.74%      0.25%     0.13%
EQ/AllianceBernstein Value                                0.60%      0.25%     0.13%
EQ/Ariel Appreciation II                                  0.75%      0.25%     0.51%
EQ/AXA Rosenberg Value Long/Short Equity                  1.40%      0.25%     1.44%
EQ/BlackRock Basic Value Equity                           0.55%      0.25%     0.14%
EQ/BlackRock International Value                          0.82%      0.25%     0.21%
EQ/Boston Advisors Equity Income                          0.75%      0.25%     0.15%
EQ/Calvert Socially Responsible                           0.65%      0.25%     0.25%
EQ/Capital Guardian Growth                                0.65%      0.25%     0.16%
EQ/Capital Guardian Research                              0.65%      0.25%     0.13%
EQ/Caywood-Scholl High Yield Bond                         0.60%      0.25%     0.18%
EQ/Davis New York Venture                                 0.85%      0.25%     0.74%
EQ/Equity 500 Index                                       0.25%      0.25%     0.13%
EQ/Evergreen International Bond                           0.70%      0.25%     0.23%
EQ/Evergreen Omega                                        0.65%      0.25%     0.21%
EQ/FI Mid Cap                                             0.68%      0.25%     0.15%
EQ/Franklin Income                                        0.90%      0.25%     0.38%
EQ/Franklin Small Cap Value                               0.90%      0.25%     2.00%
EQ/Franklin Templeton Founding Strategy                   0.05%      0.25%     0.21%
EQ/GAMCO Mergers and Acquisitions                         0.90%      0.25%     0.33%
EQ/GAMCO Small Company Value                              0.78%      0.25%     0.14%
EQ/International Growth                                   0.85%      0.25%     0.35%
EQ/JPMorgan Core Bond                                     0.44%      0.25%     0.15%
EQ/JPMorgan Value Opportunities                           0.60%      0.25%     0.16%
EQ/Legg Mason Value Equity                                0.65%      0.25%     0.22%
EQ/Long Term Bond                                         0.43%      0.25%     0.15%
EQ/Lord Abbett Growth and Income                          0.65%      0.25%     0.26%
EQ/Lord Abbett Large Cap Core                             0.65%      0.25%     0.41%
EQ/Lord Abbett Mid Cap Value                              0.70%      0.25%     0.18%
EQ/Marsico Focus                                          0.85%      0.25%     0.13%
EQ/Money Market                                           0.33%      0.25%     0.14%
- ---------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------
                                                                            Total
                                                         Acquired           Annual                 Net Total
                                                        Fund Fees          Expenses   Fee Waiv-     Annual
                                                           and             (Before   ers and/or    Expenses
                                                         Expenses          Expense     Expense      (After
                                                       (Underlying         Limita-   Reimburse-    Expense
Portfolio Name                                        Portfolios)(10)       tions)     ments(11)  Limitations)
- ------------------------------------------------------------------------------------------------------------------
                                                                                        
 AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.91%             1.44%      (0.18)%      1.26%
AXA Conservative Allocation                               0.67%             1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation                          0.72%             1.25%      (0.18)%      1.07%
AXA Moderate Allocation                                   0.78%             1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation                              0.85%             1.37%      (0.17)%      1.20%
Multimanager Aggressive Equity                              --              1.05%         --        1.05%
Multimanager Core Bond                                      --              1.02%      (0.07)%      0.95%
Multimanager Health Care                                    --              1.68%       0.00%       1.68%
Multimanager High Yield                                     --              1.01%         --        1.01%
Multimanager International Equity                           --              1.53%       0.00%       1.53%
Multimanager Large Cap Core Equity                          --              1.35%       0.00%       1.35%
Multimanager Large Cap Growth                               --              1.37%      (0.02)%      1.35%
Multimanager Large Cap Value                                --              1.35%       0.00%       1.35%
Multimanager Mid Cap Growth                               0.01%             1.56%       0.00%       1.56%
Multimanager Mid Cap Value                                0.03%             1.59%       0.00%       1.59%
Multimanager Small Cap Growth+                              --              1.53%       0.00%       1.53%
Multimanager Small Cap Value+                               --              1.46%       0.00%       1.46%
Multimanager Technology                                     --              1.68%       0.00%       1.68%
- ------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           --              0.85%         --        0.85%
EQ/AllianceBernstein Intermediate Government Securities     --              0.89%         --        0.89%
EQ/AllianceBernstein International                          --              1.16%      (0.06)%      1.10%
EQ/AllianceBernstein Large Cap Growth                       --              1.26%      (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond                           --              0.89%         --        0.89%
EQ/AllianceBernstein Small Cap Growth                       --              1.12%         --        1.12%
EQ/AllianceBernstein Value                                  --              0.98%      (0.03)%      0.95%
EQ/Ariel Appreciation II                                    --              1.51%      (0.36)%      1.15%
EQ/AXA Rosenberg Value Long/Short Equity                    --              3.09%      (1.10)%      1.99%
EQ/BlackRock Basic Value Equity                             --              0.94%       0.00%       0.94%
EQ/BlackRock International Value                            --              1.28%      (0.03)%      1.25%
EQ/Boston Advisors Equity Income                            --              1.15%      (0.10)%      1.05%
EQ/Calvert Socially Responsible                             --              1.15%      (0.10)%      1.05%
EQ/Capital Guardian Growth                                  --              1.06%      (0.11)%      0.95%
EQ/Capital Guardian Research                                --              1.03%      (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond                           --              1.03%      (0.03)%      1.00%
EQ/Davis New York Venture                                   --              1.84%      (0.54)%      1.30%
EQ/Equity 500 Index                                         --              0.63%         --        0.63%
EQ/Evergreen International Bond                             --              1.18%      (0.03)%      1.15%
EQ/Evergreen Omega                                          --              1.11%       0.00%       1.11%
EQ/FI Mid Cap                                               --              1.08%      (0.08)%      1.00%
EQ/Franklin Income                                          --              1.53%      (0.23)%      1.30%
EQ/Franklin Small Cap Value                                 --              3.15%      (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy                   1.07%             1.58%      (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions                           --              1.48%      (0.03)%      1.45%
EQ/GAMCO Small Company Value                                --              1.17%       0.00%       1.17%
EQ/International Growth                                     --              1.45%       0.00%       1.45%
EQ/JPMorgan Core Bond                                       --              0.84%       0.00%       0.84%
EQ/JPMorgan Value Opportunities                             --              1.01%      (0.06)%      0.95%
EQ/Legg Mason Value Equity                                  --              1.12%      (0.12)%      1.00%
EQ/Long Term Bond                                           --              0.83%       0.00%       0.83%
EQ/Lord Abbett Growth and Income                            --              1.16%      (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core                               --              1.31%      (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                                --              1.13%      (0.08)%      1.05%
EQ/Marsico Focus                                            --              1.23%      (0.08)%      1.15%
EQ/Money Market                                             --              0.72%         --        0.72%
- ------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 13





This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- --------------------------------------------------------------------------------
                                        Manage-
                                         ment       12b-1     Other
 Portfolio Name                         Fees(7)    Fees(8)   Expenses(9)
- --------------------------------------------------------------------------------
                                                     
EQ/Montag & Caldwell Growth              0.75%      0.25%     0.16%
EQ/Mutual Shares                         0.90%      0.25%     0.50%
EQ/Oppenheimer Global                    0.95%      0.25%     1.30%
EQ/Oppenheimer Main Street Opportunity   0.85%      0.25%     1.58%
EQ/Oppenheimer Main Street Small Cap     0.90%      0.25%     1.48%
EQ/PIMCO Real Return                     0.55%      0.25%     0.18%
EQ/Short Duration Bond                   0.43%      0.25%     0.14%
EQ/Small Company Index                   0.25%      0.25%     0.16%
EQ/TCW Equity*                           0.80%      0.25%     0.16%
EQ/Templeton Growth                      0.95%      0.25%     0.64%
EQ/UBS Growth and Income                 0.75%      0.25%     0.17%
EQ/Van Kampen Comstock                   0.65%      0.25%     0.19%
EQ/Van Kampen Emerging Markets Equity    1.12%      0.25%     0.40%
EQ/Van Kampen Mid Cap Growth             0.70%      0.25%     0.23%
EQ/Van Kampen Real Estate**              0.90%      0.25%     0.13%
MarketPLUS International Core+           0.60%      0.25%     0.24%
MarketPLUS Large Cap Core+               0.50%      0.25%     0.23%
MarketPLUS Large Cap Growth+             0.50%      0.25%     0.19%
MarketPLUS Mid Cap Value+                0.55%      0.25%     0.18%
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------
                                                            Total
                                          Acquired          Annual                   Net Total
                                         Fund Fees         Expenses    Fee Waiv-      Annual
                                            and             (Before   ers and/or     Expenses
                                          Expenses          Expense     Expense       (After
                                        (Underlying         Limita-   Reimburse-     Expense
 Portfolio Name                       Portfolios)(10)       tions)     ments(11)   Limitations)
- --------------------------------------------------------------------------------------------------
                                                                         
EQ/Montag & Caldwell Growth                  --              1.16%      (0.01)%      1.15%
EQ/Mutual Shares                             --              1.65%      (0.35)%      1.30%
EQ/Oppenheimer Global                      0.01%             2.51%      (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity       --              2.68%      (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap         --              2.63%      (1.33)%      1.30%
EQ/PIMCO Real Return                         --              0.98%      (0.08)%      0.90%
EQ/Short Duration Bond                       --              0.82%       0.00%       0.82%
EQ/Small Company Index                     0.01%             0.67%       0.00%       0.67%
EQ/TCW Equity*                               --              1.21%      (0.06)%      1.15%
EQ/Templeton Growth                          --              1.84%      (0.49)%      1.35%
EQ/UBS Growth and Income                     --              1.17%      (0.12)%      1.05%
EQ/Van Kampen Comstock                       --              1.09%      (0.09)%      1.00%
EQ/Van Kampen Emerging Markets Equity        --              1.77%       0.00%       1.77%
EQ/Van Kampen Mid Cap Growth                 --              1.18%      (0.13)%      1.05%
EQ/Van Kampen Real Estate**                  --              1.28%      (0.02)%      1.26%
MarketPLUS International Core+             0.05%             1.14%       0.00%       1.14%
MarketPLUS Large Cap Core+                 0.02%             1.00%      (0.03)%      0.97%
MarketPLUS Large Cap Growth+               0.02%             0.96%       0.00%       0.96%
MarketPLUS Mid Cap Value+                  0.03%             1.01%       0.00%       1.01%
- --------------------------------------------------------------------------------------------------




*   The name of this investment option will change to EQ/T. Rowe Price Growth
    Stock on or about July 9, 2007, subject to regulatory approval.
    Corresponding with this change, the fees and expenses for this portfolio
    will be:





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                   Acquired Fund  Total Annual    Fee Waivers      Net Total
                                                                     Fees and       Expenses        and/or          Annual
                                                                     Expenses       (Before         Expense        Expenses
                                Management    12b-1     Other     (Underlying       Expense       Reimburse-    (After Expense
 Portfolio Name                    Fees       Fees    Expenses     Portfolios)    Limitations)       ments       Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/T. Rowe Price Growth Stock     0.78%      0.25%     0.14%            --         1.17%           (0.02)%          1.15%
- ------------------------------------------------------------------------------------------------------------------------------------




**  This investment option will be available on or about July 9, 2007, subject
    to regulatory approval. This is a newly created portfolio of the EQ Advisors
    Trust. Therefore, the fees and expenses presented in the table above are
    estimates for the current fiscal period.

+   For this portfolio, the expenses shown are based on the asset levels of its
    predecessor portfolio for the last fiscal year, adjusted for current
    expenses.


Notes:

(1)  Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
     amount, if applicable:



                                                                                     
            The withdrawal charge percentage we use is determined by the                Contract
            contract year in which you make the withdrawal or surrender your            Year
            contract. For each contribution, we consider the contract year in           1 ...............7.00%
            which we receive that contribution to be "contract year 1")                 2 ...............7.00%
                                                                                        3 ...............6.00%
                                                                                        4 ...............6.00%
                                                                                        5 ...............5.00%
                                                                                        6 ...............3.00%
                                                                                        7 ...............1.00%
                                                                                        8+ ..............0.00%


(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(3)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, the charge, if
     applicable, is $30 for each contract year.

(4)  We reserve the right to increase this charge if you elect to reset your
     Roll-Up benefit base on any contract date anniversary. See both "Guaranteed
     minimum death benefit charge" and "Guaranteed minimum income benefit
     charge" in "Charges and expenses" later in this Prospectus.

(5)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.

(6)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.

(7)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (11) for any expense
     limitation agreement information.


14 Fee table




(8)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940.


(9)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (11) for any expense limitation agreement
     information.

(10) Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(11) The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolios invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. See the
     prospectus for each applicable underlying Trust for more information about
     the arrangements. In addition, a portion of the brokerage commissions of
     certain Portfolios of AXA Premier VIP Trust and EQ Advisors Trust is used
     to reduce the applicable Portfolio's expenses. If the above table reflected
     both the expense limitation arrangements, plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:



- --------------------------------------------------
   Portfolio Name
- --------------------------------------------------
   Multimanager Aggressive Equity          1.03%
- --------------------------------------------------
   Multimanager Health Care                1.63%
- --------------------------------------------------
   Multimanager International Equity       1.52%
- --------------------------------------------------
   Multimanager Large Cap Core Equity      1.33%
- --------------------------------------------------
   Multimanager Large Cap Growth           1.33%
- --------------------------------------------------
   Multimanager Large Cap Value            1.31%
- --------------------------------------------------
   Multimanager Mid Cap Growth             1.52%
- --------------------------------------------------
   Multimanager Mid Cap Value              1.58%
- --------------------------------------------------
   Multimanager Technology                 1.64%
- --------------------------------------------------
   EQ/AllianceBernstein Common Stock       0.83%
- --------------------------------------------------
   EQ/AllianceBernstein Large Cap Growth   1.03%
- --------------------------------------------------
   EQ/AllianceBernstein Small Cap Growth   1.11%
- --------------------------------------------------
   EQ/AllianceBernstein Value              0.94%
- --------------------------------------------------
   EQ/Ariel Appreciation II                1.01%
- --------------------------------------------------
   EQ/BlackRock Basic Value Equity         0.93%
- --------------------------------------------------
   EQ/Capital Guardian Growth              0.94%
- --------------------------------------------------
   EQ/Capital Guardian Research            0.94%
- --------------------------------------------------
   EQ/Davis New York Venture               1.27%
- --------------------------------------------------
   EQ/Evergreen Omega                      1.05%
- --------------------------------------------------
   EQ/FI Mid Cap                           0.97%
- --------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions       1.37%
- --------------------------------------------------
   EQ/GAMCO Small Company Value            1.16%
- --------------------------------------------------
   EQ/Legg Mason Value Equity              0.97%
- --------------------------------------------------
   EQ/Lord Abbett Growth and Income        0.99%
- --------------------------------------------------
   EQ/Lord Abbett Large Cap Core           0.99%
- --------------------------------------------------
   EQ/Marsico Focus                        1.14%
- --------------------------------------------------
   EQ/Montag & Caldwell Growth             1.13%
- --------------------------------------------------
   EQ/Mutual Shares                        1.30%
- --------------------------------------------------
   EQ/UBS Growth and Income                1.03%
- --------------------------------------------------
   EQ/Van Kampen Comstock                  0.99%
- --------------------------------------------------
   EQ/Van Kampen Emerging Markets Equity   1.75%
- --------------------------------------------------
   EQ/Van Kampen Mid Cap Growth            1.01%
- --------------------------------------------------


EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the Greater of 6-1/2%
Roll-Up to age 85 or Annual Ratchet to age 85 and the Earnings enhancement
benefit with the Guaranteed minimum income benefit) would pay in the situations
illustrated. The example uses an average annual administrative charge based on
the charges paid in 2006, which results in an estimated administrative charge
of .012% of contract value.


                                                                    Fee table 15




The fixed maturity options, guaranteed interest option and the account for
special dollar cost averaging are not covered by the example. However, the
annual administrative charge, the withdrawal charge, the charge for any
optional benefits and the charge if you elect a Variable Immediate Annuity
payout option do apply to the fixed maturity options, guaranteed interest
option and the account for special dollar cost averaging. A market value
adjustment (up or down) may apply as a result of a withdrawal, transfer, or
surrender of amounts from a fixed maturity option.

The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:

16 Fee table







- ----------------------------------------------------------------------------------------------------------
                                                  If you surrender your contract at the end of the
                                                                applicable time period
- ----------------------------------------------------------------------------------------------------------
 Portfolio Name                                 1 year        3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------------------
                                                                               
 AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 1,196.00     $ 2,123.00     $ 3,097.00     $ 5,514.00
AXA Conservative Allocation                   $ 1,175.00     $ 2,062.00     $ 2,999.00     $ 5,337.00
AXA Conservative-Plus Allocation              $ 1,176.00     $ 2,065.00     $ 3,004.00     $ 5,346.00
AXA Moderate Allocation                       $ 1,182.00     $ 2,080.00     $ 3,028.00     $ 5,390.00
AXA Moderate-Plus Allocation                  $ 1,189.00     $ 2,101.00     $ 3,063.00     $ 5,452.00
Multimanager Aggressive Equity                $ 1,155.00     $ 2,003.00     $ 2,905.00     $ 5,165.00
Multimanager Core Bond                        $ 1,152.00     $ 1,994.00     $ 2,890.00     $ 5,138.00
Multimanager Health Care                      $ 1,221.00     $ 2,196.00     $ 3,214.00     $ 5,721.00
Multimanager High Yield                       $ 1,151.00     $ 1,991.00     $ 2,885.00     $ 5,129.00
Multimanager International Equity             $ 1,206.00     $ 2,150.00     $ 3,141.00     $ 5,592.00
Multimanager Large Cap Core Equity            $ 1,187.00     $ 2,095.00     $ 3,053.00     $ 5,435.00
Multimanager Large Cap Growth                 $ 1,189.00     $ 2,101.00     $ 3,063.00     $ 5,452.00
Multimanager Large Cap Value                  $ 1,187.00     $ 2,095.00     $ 3,053.00     $ 5,435.00
Multimanager Mid Cap Growth                   $ 1,209.00     $ 2,159.00     $ 3,156.00     $ 5,618.00
Multimanager Mid Cap Value                    $ 1,212.00     $ 2,168.00     $ 3,170.00     $ 5,644.00
Multimanager Small Cap Growth                 $ 1,206.00     $ 2,150.00     $ 3,141.00     $ 5,592.00
Multimanager Small Cap Value                  $ 1,198.00     $ 2,129.00     $ 3,107.00     $ 5,531.00
Multimanager Technology                       $ 1,221.00     $ 2,196.00     $ 3,214.00     $ 5,721.00
- ----------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,134.00     $ 1,942.00     $ 2,805.00     $ 4,981.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 1,139.00     $ 1,954.00     $ 2,825.00     $ 5,018.00
EQ/AllianceBernstein International            $ 1,167.00     $ 2,037.00     $ 2,959.00     $ 5,265.00
EQ/AllianceBernstein Large Cap Growth         $ 1,177.00     $ 2,068.00     $ 3,009.00     $ 5,355.00
EQ/AllianceBernstein Quality Bond             $ 1,139.00     $ 1,954.00     $ 2,825.00     $ 5,018.00
EQ/AllianceBernstein Small Cap Growth         $ 1,163.00     $ 2,025.00     $ 2,939.00     $ 5,229.00
EQ/AllianceBernstein Value                    $ 1,148.00     $ 1,982.00     $ 2,870.00     $ 5,101.00
EQ/Ariel Appreciation II                      $ 1,204.00     $ 2,144.00     $ 3,131.00     $ 5,575.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 1,370.00     $ 2,617.00     $ 3,875.00     $ 6,835.00
EQ/BlackRock Basic Value Equity               $ 1,144.00     $ 1,970.00     $ 2,850.00     $ 5,064.00
EQ/BlackRock International Value              $ 1,179.00     $ 2,074.00     $ 3,018.00     $ 5,373.00
EQ/Boston Advisors Equity Income              $ 1,166.00     $ 2,034.00     $ 2,954.00     $ 5,256.00
EQ/Calvert Socially Responsible               $ 1,166.00     $ 2,034.00     $ 2,954.00     $ 5,256.00
EQ/Capital Guardian Growth                    $ 1,156.00     $ 2,007.00     $ 2,910.00     $ 5,174.00
EQ/Capital Guardian Research                  $ 1,153.00     $ 1,997.00     $ 2,895.00     $ 5,147.00
EQ/Caywood-Scholl High Yield Bond             $ 1,153.00     $ 1,997.00     $ 2,895.00     $ 5,147.00
EQ/Davis New York Venture                     $ 1,238.00     $ 2,244.00     $ 3,291.00     $ 5,856.00
EQ/Equity 500 Index                           $ 1,111.00     $ 1,874.00     $ 2,694.00     $ 4,773.00
EQ/Evergreen International Bond               $ 1,169.00     $ 2,043.00     $ 2,969.00     $ 5,283.00
EQ/Evergreen Omega                            $ 1,162.00     $ 2,022.00     $ 2,934.00     $ 5,220.00
EQ/FI Mid Cap                                 $ 1,158.00     $ 2,013.00     $ 2,919.00     $ 5,193.00
- ----------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       If you do not surrender
                                                If you annuitize at the end of the applicable time        your contract at
                                              period and select a non-life contingent period certain  the end of the applicable
                                                     annuity option with less than five years                time period
- ------------------------------------------------------------------------------------------------------------------------------------
 Portfolio Name                               1 year      3 years       5 years        10 years       1 year       3 years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                       N/A     $ 2,123.00     $ 3,097.00     $ 5,514.00     $ 496.00     $ 1,523.00
AXA Conservative Allocation                     N/A     $ 2,062.00     $ 2,999.00     $ 5,337.00     $ 475.00     $ 1,462.00
AXA Conservative-Plus Allocation                N/A     $ 2,065.00     $ 3,004.00     $ 5,346.00     $ 476.00     $ 1,465.00
AXA Moderate Allocation                         N/A     $ 2,080.00     $ 3,028.00     $ 5,390.00     $ 482.00     $ 1,480.00
AXA Moderate-Plus Allocation                    N/A     $ 2,101.00     $ 3,063.00     $ 5,452.00     $ 489.00     $ 1,501.00
Multimanager Aggressive Equity                  N/A     $ 2,003.00     $ 2,905.00     $ 5,165.00     $ 455.00     $ 1,403.00
Multimanager Core Bond                          N/A     $ 1,994.00     $ 2,890.00     $ 5,138.00     $ 452.00     $ 1,394.00
Multimanager Health Care                        N/A     $ 2,196.00     $ 3,214.00     $ 5,721.00     $ 521.00     $ 1,596.00
Multimanager High Yield                         N/A     $ 1,991.00     $ 2,885.00     $ 5,129.00     $ 451.00     $ 1,391.00
Multimanager International Equity               N/A     $ 2,150.00     $ 3,141.00     $ 5,592.00     $ 506.00     $ 1,550.00
Multimanager Large Cap Core Equity              N/A     $ 2,095.00     $ 3,053.00     $ 5,435.00     $ 487.00     $ 1,495.00
Multimanager Large Cap Growth                   N/A     $ 2,101.00     $ 3,063.00     $ 5,452.00     $ 489.00     $ 1,501.00
Multimanager Large Cap Value                    N/A     $ 2,095.00     $ 3,053.00     $ 5,435.00     $ 487.00     $ 1,495.00
Multimanager Mid Cap Growth                     N/A     $ 2,159.00     $ 3,156.00     $ 5,618.00     $ 509.00     $ 1,559.00
Multimanager Mid Cap Value                      N/A     $ 2,168.00     $ 3,170.00     $ 5,644.00     $ 512.00     $ 1,568.00
Multimanager Small Cap Growth                   N/A     $ 2,150.00     $ 3,141.00     $ 5,592.00     $ 506.00     $ 1,550.00
Multimanager Small Cap Value                    N/A     $ 2,129.00     $ 3,107.00     $ 5,531.00     $ 498.00     $ 1,529.00
Multimanager Technology                         N/A     $ 2,196.00     $ 3,214.00     $ 5,721.00     $ 521.00     $ 1,596.00
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 1,942.00     $ 2,805.00     $ 4,981.00     $ 434.00     $ 1,342.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     N/A     $ 1,954.00     $ 2,825.00     $ 5,018.00     $ 439.00     $ 1,354.00
EQ/AllianceBernstein International              N/A     $ 2,037.00     $ 2,959.00     $ 5,265.00     $ 467.00     $ 1,437.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 2,068.00     $ 3,009.00     $ 5,355.00     $ 477.00     $ 1,468.00
EQ/AllianceBernstein Quality Bond               N/A     $ 1,954.00     $ 2,825.00     $ 5,018.00     $ 439.00     $ 1,354.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 2,025.00     $ 2,939.00     $ 5,229.00     $ 463.00     $ 1,425.00
EQ/AllianceBernstein Value                      N/A     $ 1,982.00     $ 2,870.00     $ 5,101.00     $ 448.00     $ 1,382.00
EQ/Ariel Appreciation II                        N/A     $ 2,144.00     $ 3,131.00     $ 5,575.00     $ 504.00     $ 1,544.00
EQ/AXA Rosenberg Value Long/Short Equity        N/A     $ 2,617.00     $ 3,875.00     $ 6,835.00     $ 670.00     $ 2,017.00
EQ/BlackRock Basic Value Equity                 N/A     $ 1,970.00     $ 2,850.00     $ 5,064.00     $ 444.00     $ 1,370.00
EQ/BlackRock International Value                N/A     $ 2,074.00     $ 3,018.00     $ 5,373.00     $ 479.00     $ 1,474.00
EQ/Boston Advisors Equity Income                N/A     $ 2,034.00     $ 2,954.00     $ 5,256.00     $ 466.00     $ 1,434.00
EQ/Calvert Socially Responsible                 N/A     $ 2,034.00     $ 2,954.00     $ 5,256.00     $ 466.00     $ 1,434.00
EQ/Capital Guardian Growth                      N/A     $ 2,007.00     $ 2,910.00     $ 5,174.00     $ 456.00     $ 1,407.00
EQ/Capital Guardian Research                    N/A     $ 1,997.00     $ 2,895.00     $ 5,147.00     $ 453.00     $ 1,397.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 1,997.00     $ 2,895.00     $ 5,147.00     $ 453.00     $ 1,397.00
EQ/Davis New York Venture                       N/A     $ 2,244.00     $ 3,291.00     $ 5,856.00     $ 538.00     $ 1,644.00
EQ/Equity 500 Index                             N/A     $ 1,874.00     $ 2,694.00     $ 4,773.00     $ 411.00     $ 1,274.00
EQ/Evergreen International Bond                 N/A     $ 2,043.00     $ 2,969.00     $ 5,283.00     $ 469.00     $ 1,443.00
EQ/Evergreen Omega                              N/A     $ 2,022.00     $ 2,934.00     $ 5,220.00     $ 462.00     $ 1,422.00
EQ/FI Mid Cap                                   N/A     $ 2,013.00     $ 2,919.00     $ 5,193.00     $ 458.00     $ 1,413.00
- ------------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
                                           If you do not surrender your contract
                                              at the end of the applicable
                                                      time period
- --------------------------------------------------------------------------------
 Portfolio Name                                5 years        10 years
- --------------------------------------------------------------------------------
                                                       
 AXA PREMIER VIP TRUST:
- --------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 2,597.00     $ 5,514.00
AXA Conservative Allocation                   $ 2,499.00     $ 5,337.00
AXA Conservative-Plus Allocation              $ 2,504.00     $ 5,346.00
AXA Moderate Allocation                       $ 2,528.00     $ 5,390.00
AXA Moderate-Plus Allocation                  $ 2,563.00     $ 5,452.00
Multimanager Aggressive Equity                $ 2,405.00     $ 5,165.00
Multimanager Core Bond                        $ 2,390.00     $ 5,138.00
Multimanager Health Care                      $ 2,714.00     $ 5,721.00
Multimanager High Yield                       $ 2,385.00     $ 5,129.00
Multimanager International Equity             $ 2,641.00     $ 5,592.00
Multimanager Large Cap Core Equity            $ 2,553.00     $ 5,435.00
Multimanager Large Cap Growth                 $ 2,563.00     $ 5,452.00
Multimanager Large Cap Value                  $ 2,553.00     $ 5,435.00
Multimanager Mid Cap Growth                   $ 2,656.00     $ 5,618.00
Multimanager Mid Cap Value                    $ 2,670.00     $ 5,644.00
Multimanager Small Cap Growth                 $ 2,641.00     $ 5,592.00
Multimanager Small Cap Value                  $ 2,607.00     $ 5,531.00
Multimanager Technology                       $ 2,714.00     $ 5,721.00
- --------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 2,305.00     $ 4,981.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 2,325.00     $ 5,018.00
EQ/AllianceBernstein International            $ 2,459.00     $ 5,265.00
EQ/AllianceBernstein Large Cap Growth         $ 2,509.00     $ 5,355.00
EQ/AllianceBernstein Quality Bond             $ 2,325.00     $ 5,018.00
EQ/AllianceBernstein Small Cap Growth         $ 2,439.00     $ 5,229.00
EQ/AllianceBernstein Value                    $ 2,370.00     $ 5,101.00
EQ/Ariel Appreciation II                      $ 2,631.00     $ 5,575.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 3,375.00     $ 6,835.00
EQ/BlackRock Basic Value Equity               $ 2,350.00     $ 5,064.00
EQ/BlackRock International Value              $ 2,518.00     $ 5,373.00
EQ/Boston Advisors Equity Income              $ 2,454.00     $ 5,256.00
EQ/Calvert Socially Responsible               $ 2,454.00     $ 5,256.00
EQ/Capital Guardian Growth                    $ 2,410.00     $ 5,174.00
EQ/Capital Guardian Research                  $ 2,395.00     $ 5,147.00
EQ/Caywood-Scholl High Yield Bond             $ 2,395.00     $ 5,147.00
EQ/Davis New York Venture                     $ 2,791.00     $ 5,856.00
EQ/Equity 500 Index                           $ 2,194.00     $ 4,773.00
EQ/Evergreen International Bond               $ 2,469.00     $ 5,283.00
EQ/Evergreen Omega                            $ 2,434.00     $ 5,220.00
EQ/FI Mid Cap                                 $ 2,419.00     $ 5,193.00
- --------------------------------------------------------------------------------



                                                                    Fee table 17







- ------------------------------------------------------------------------------------------------------
                                               If you surrender your contract at the end of the
                                                            applicable time period
- ------------------------------------------------------------------------------------------------------
 Portfolio Name                             1 year        3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------
                                                                           
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/Franklin Income                        $ 1,206.00     $ 2,150.00     $ 3,141.00     $ 5,592.00
EQ/Franklin Small Cap Value               $ 1,376.00     $ 2,634.00     $ 3,903.00     $ 6,879.00
EQ/Franklin Templeton Founding Strategy   $ 1,211.00     $ 2,165.00     $ 3,165.00     $ 5,635.00
EQ/GAMCO Mergers and Acquisitions         $ 1,200.00     $ 2,135.00     $ 3,117.00     $ 5,549.00
EQ/GAMCO Small Company Value              $ 1,168.00     $ 2,040.00     $ 2,964.00     $ 5,274.00
EQ/International Growth                   $ 1,197.00     $ 2,126.00     $ 3,102.00     $ 5,523.00
EQ/JPMorgan Core Bond                     $ 1,133.00     $ 1,939.00     $ 2,800.00     $ 4,972.00
EQ/JPMorgan Value Opportunities           $ 1,151.00     $ 1,991.00     $ 2,885.00     $ 5,129.00
EQ/Legg Mason Value Equity                $ 1,163.00     $ 2,025.00     $ 2,939.00     $ 5,229.00
EQ/Long Term Bond                         $ 1,132.00     $ 1,936.00     $ 2,795.00     $ 4,962.00
EQ/Lord Abbett Growth and Income          $ 1,167.00     $ 2,037.00     $ 2,959.00     $ 5,265.00
EQ/Lord Abbett Large Cap Core             $ 1,183.00     $ 2,083.00     $ 3,033.00     $ 5,399.00
EQ/Lord Abbett Mid Cap Value              $ 1,164.00     $ 2,028.00     $ 2,944.00     $ 5,238.00
EQ/Marsico Focus                          $ 1,174.00     $ 2,059.00     $ 2,994.00     $ 5,328.00
EQ/Money Market                           $ 1,121.00     $ 1,902.00     $ 2,739.00     $ 4,859.00
EQ/Montag & Caldwell Growth               $ 1,167.00     $ 2,037.00     $ 2,959.00     $ 5,265.00
EQ/Mutual Shares                          $ 1,218.00     $ 2,187.00     $ 3,199.00     $ 5,695.00
EQ/Oppenheimer Global                     $ 1,309.00     $ 2,445.00     $ 3,608.00     $ 6,398.00
EQ/Oppenheimer Main Street Opportunity    $ 1,326.00     $ 2,495.00     $ 3,687.00     $ 6,529.00
EQ/Oppenheimer Main Street Small Cap      $ 1,321.00     $ 2,481.00     $ 3,664.00     $ 6,491.00
EQ/PIMCO Real Return                      $ 1,148.00     $ 1,982.00     $ 2,870.00     $ 5,101.00
EQ/Short Duration Bond                    $ 1,131.00     $ 1,933.00     $ 2,789.00     $ 4,953.00
EQ/Small Company Index                    $ 1,115.00     $ 1,886.00     $ 2,714.00     $ 4,811.00
EQ/TCW Equity*                            $ 1,172.00     $ 2,053.00     $ 2,984.00     $ 5,310.00
EQ/Templeton Growth                       $ 1,238.00     $ 2,244.00     $ 3,291.00     $ 5,856.00
EQ/UBS Growth and Income                  $ 1,168.00     $ 2,040.00     $ 2,964.00     $ 5,274.00
EQ/Van Kampen Comstock                    $ 1,160.00     $ 2,016.00     $ 2,924.00     $ 5,202.00
EQ/Van Kampen Emerging Markets Equity     $ 1,231.00     $ 2,223.00     $ 3,257.00     $ 5,797.00
EQ/Van Kampen Mid Cap Growth              $ 1,169.00     $ 2,043.00     $ 2,969.00     $ 5,283.00
EQ/Van Kampen Real Estate**               $ 1,179.00     $ 2,074.00     $ 3,018.00     $ 5,373.00
MarketPLUS International Core             $ 1,165.00     $ 2,031.00     $ 2,949.00     $ 5,247.00
MarketPLUS Large Cap Core                 $ 1,150.00     $ 1,988.00     $ 2,880.00     $ 5,120.00
MarketPLUS Large Cap Growth               $ 1,146.00     $ 1,976.00     $ 2,860.00     $ 5,083.00
MarketPLUS Mid Cap Value                  $ 1,151.00     $ 1,991.00     $ 2,885.00     $ 5,129.00
- ------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------------------
                                                                                                   If you do not surrender
                                            If you annuitize at the end of the applicable time        your contract at
                                          period and select a non-life contingent period certain  the end of the applicable
                                                 annuity option with less than five years                time period
- -----------------------------------------------------------------------------------------------------------------------------
 Portfolio Name                           1 year      3 years        5 years        10 years       1 year       3 years
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                            
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income                          N/A     $ 2,150.00     $ 3,141.00     $ 5,592.00     $ 506.00     $ 1,550.00
EQ/Franklin Small Cap Value                 N/A     $ 2,634.00     $ 3,903.00     $ 6,879.00     $ 676.00     $ 2,034.00
EQ/Franklin Templeton Founding Strategy     N/A     $ 2,165.00     $ 3,165.00     $ 5,635.00     $ 511.00     $ 1,565.00
EQ/GAMCO Mergers and Acquisitions           N/A     $ 2,135.00     $ 3,117.00     $ 5,549.00     $ 500.00     $ 1,535.00
EQ/GAMCO Small Company Value                N/A     $ 2,040.00     $ 2,964.00     $ 5,274.00     $ 468.00     $ 1,440.00
EQ/International Growth                     N/A     $ 2,126.00     $ 3,102.00     $ 5,523.00     $ 497.00     $ 1,526.00
EQ/JPMorgan Core Bond                       N/A     $ 1,939.00     $ 2,800.00     $ 4,972.00     $ 433.00     $ 1,339.00
EQ/JPMorgan Value Opportunities             N/A     $ 1,991.00     $ 2,885.00     $ 5,129.00     $ 451.00     $ 1,391.00
EQ/Legg Mason Value Equity                  N/A     $ 2,025.00     $ 2,939.00     $ 5,229.00     $ 463.00     $ 1,425.00
EQ/Long Term Bond                           N/A     $ 1,936.00     $ 2,795.00     $ 4,962.00     $ 432.00     $ 1,336.00
EQ/Lord Abbett Growth and Income            N/A     $ 2,037.00     $ 2,959.00     $ 5,265.00     $ 467.00     $ 1,437.00
EQ/Lord Abbett Large Cap Core               N/A     $ 2,083.00     $ 3,033.00     $ 5,399.00     $ 483.00     $ 1,483.00
EQ/Lord Abbett Mid Cap Value                N/A     $ 2,028.00     $ 2,944.00     $ 5,238.00     $ 464.00     $ 1,428.00
EQ/Marsico Focus                            N/A     $ 2,059.00     $ 2,994.00     $ 5,328.00     $ 474.00     $ 1,459.00
EQ/Money Market                             N/A     $ 1,902.00     $ 2,739.00     $ 4,859.00     $ 421.00     $ 1,302.00
EQ/Montag & Caldwell Growth                 N/A     $ 2,037.00     $ 2,959.00     $ 5,265.00     $ 467.00     $ 1,437.00
EQ/Mutual Shares                            N/A     $ 2,187.00     $ 3,199.00     $ 5,695.00     $ 518.00     $ 1,587.00
EQ/Oppenheimer Global                       N/A     $ 2,445.00     $ 3,608.00     $ 6,398.00     $ 609.00     $ 1,845.00
EQ/Oppenheimer Main Street Opportunity      N/A     $ 2,495.00     $ 3,687.00     $ 6,529.00     $ 626.00     $ 1,895.00
EQ/Oppenheimer Main Street Small Cap        N/A     $ 2,481.00     $ 3,664.00     $ 6,491.00     $ 621.00     $ 1,881.00
EQ/PIMCO Real Return                        N/A     $ 1,982.00     $ 2,870.00     $ 5,101.00     $ 448.00     $ 1,382.00
EQ/Short Duration Bond                      N/A     $ 1,933.00     $ 2,789.00     $ 4,953.00     $ 431.00     $ 1,333.00
EQ/Small Company Index                      N/A     $ 1,886.00     $ 2,714.00     $ 4,811.00     $ 415.00     $ 1,286.00
EQ/TCW Equity*                              N/A     $ 2,053.00     $ 2,984.00     $ 5,310.00     $ 472.00     $ 1,453.00
EQ/Templeton Growth                         N/A     $ 2,244.00     $ 3,291.00     $ 5,856.00     $ 538.00     $ 1,644.00
EQ/UBS Growth and Income                    N/A     $ 2,040.00     $ 2,964.00     $ 5,274.00     $ 468.00     $ 1,440.00
EQ/Van Kampen Comstock                      N/A     $ 2,016.00     $ 2,924.00     $ 5,202.00     $ 460.00     $ 1,416.00
EQ/Van Kampen Emerging Markets Equity       N/A     $ 2,223.00     $ 3,257.00     $ 5,797.00     $ 531.00     $ 1,623.00
EQ/Van Kampen Mid Cap Growth                N/A     $ 2,043.00     $ 2,969.00     $ 5,283.00     $ 469.00     $ 1,443.00
EQ/Van Kampen Real Estate**                 N/A     $ 2,074.00     $ 3,018.00     $ 5,373.00     $ 479.00     $ 1,474.00
MarketPLUS International Core               N/A     $ 2,031.00     $ 2,949.00     $ 5,247.00     $ 465.00     $ 1,431.00
MarketPLUS Large Cap Core                   N/A     $ 1,988.00     $ 2,880.00     $ 5,120.00     $ 450.00     $ 1,388.00
MarketPLUS Large Cap Growth                 N/A     $ 1,976.00     $ 2,860.00     $ 5,083.00     $ 446.00     $ 1,376.00
MarketPLUS Mid Cap Value                    N/A     $ 1,991.00     $ 2,885.00     $ 5,129.00     $ 451.00     $ 1,391.00
- -----------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------

                                            If you do not surrender your
                                                   contract at
                                          the end of the applicable time
                                                      period
- ------------------------------------------------------------------------
 Portfolio Name                               5 years        10 years
                                                   
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------
EQ/Franklin Income                        $ 2,641.00     $ 5,592.00
EQ/Franklin Small Cap Value               $ 3,403.00     $ 6,879.00
EQ/Franklin Templeton Founding Strategy   $ 2,665.00     $ 5,635.00
EQ/GAMCO Mergers and Acquisitions         $ 2,617.00     $ 5,549.00
EQ/GAMCO Small Company Value              $ 2,464.00     $ 5,274.00
EQ/International Growth                   $ 2,602.00     $ 5,523.00
EQ/JPMorgan Core Bond                     $ 2,300.00     $ 4,972.00
EQ/JPMorgan Value Opportunities           $ 2,385.00     $ 5,129.00
EQ/Legg Mason Value Equity                $ 2,439.00     $ 5,229.00
EQ/Long Term Bond                         $ 2,295.00     $ 4,962.00
EQ/Lord Abbett Growth and Income          $ 2,459.00     $ 5,265.00
EQ/Lord Abbett Large Cap Core             $ 2,533.00     $ 5,399.00
EQ/Lord Abbett Mid Cap Value              $ 2,444.00     $ 5,238.00
EQ/Marsico Focus                          $ 2,494.00     $ 5,328.00
EQ/Money Market                           $ 2,239.00     $ 4,859.00
EQ/Montag & Caldwell Growth               $ 2,459.00     $ 5,265.00
EQ/Mutual Shares                          $ 2,699.00     $ 5,695.00
EQ/Oppenheimer Global                     $ 3,108.00     $ 6,398.00
EQ/Oppenheimer Main Street Opportunity    $ 3,187.00     $ 6,529.00
EQ/Oppenheimer Main Street Small Cap      $ 3,164.00     $ 6,491.00
EQ/PIMCO Real Return                      $ 2,370.00     $ 5,101.00
EQ/Short Duration Bond                    $ 2,289.00     $ 4,953.00
EQ/Small Company Index                    $ 2,214.00     $ 4,811.00
EQ/TCW Equity*                            $ 2,484.00     $ 5,310.00
EQ/Templeton Growth                       $ 2,791.00     $ 5,856.00
EQ/UBS Growth and Income                  $ 2,464.00     $ 5,274.00
EQ/Van Kampen Comstock                    $ 2,424.00     $ 5,202.00
EQ/Van Kampen Emerging Markets Equity     $ 2,757.00     $ 5,797.00
EQ/Van Kampen Mid Cap Growth              $ 2,469.00     $ 5,283.00
EQ/Van Kampen Real Estate**               $ 2,518.00     $ 5,373.00
MarketPLUS International Core             $ 2,449.00     $ 5,247.00
MarketPLUS Large Cap Core                 $ 2,380.00     $ 5,120.00
MarketPLUS Large Cap Growth               $ 2,360.00     $ 5,083.00
MarketPLUS Mid Cap Value                  $ 2,385.00     $ 5,129.00
- --------------------------------------------------------------------------------





*    The name of this investment option will change to EQ/T. Rowe Price Growth
     Stock on or about July 9, 2007, subject to regulatory approval.



**   This investment option will be available on or about July 9, 2007, subject
     to regulatory approval.


For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.

18 Fee table




CONDENSED FINANCIAL INFORMATION

Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.

                                                                    Fee table 19




1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum contribution amount for each type of owner
and contract purchased. The following table summarizes our rules regarding
contributions to your contract. Both the owner and annuitant named in the
contract must meet the issue age requirements shown in the table, and
contributions are based on the age of the older of the original owner and
annuitant.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are ages 81
and older at contract issue). We may also refuse to accept any contribution if
the sum of all contributions under all AXA Equitable annuity accumulation
contracts with the same owner or annuitant would then total more than
$2,500,000. We may waive these contribution limitations based on certain
criteria, including benefits that have been elected, issue age, the total
amount of contributions, variable investment option allocations and selling
broker-dealer compensation.

In general, we limit aggregate contributions made after the first contract year
to 150% of first-year contributions. We will accept additional contributions in
excess of 150% of first-year contributions subject to the following: (i) the
owner (or joint owner or joint annuitant, if applicable) is 75 or younger; (ii)
additional contributions equal to 150% of first-year contributions have already
been made; and (iii) you make ongoing annual contributions that do not exceed
100% of the prior contract year's contributions.

We may accept less than the minimum initial contribution under a contract if an
aggregate amount of contracts purchased at the same time by an individual
(including spouse) meets the minimum.

- --------------------------------------------------------------------------------
The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
"annuitant" is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
                  Available
                 for owner
                 and annuitant    Minimum
 Contract type   issue ages      contributions
- --------------------------------------------------------------------------------
                           
NQ               0 through 85    o $5,000 (initial)
                                 o $500 (additional)
                                 o $100 monthly and $300
                                 quarterly under our auto-
                                 matic investment program
                                   (additional)
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
Contract type    Source of contributions        Limitations on contributions+
- --------------------------------------------------------------------------------
                                          
NQ               o After-tax money.             o No additional contributions
                 o Paid to us by check or         may be made after attainment
                   transfer of contract value     of age 86, or if later, the
                   in a tax-deferred exchange     first contract date anni-
                   under Section 1035 of the      versary.*
                   Internal Revenue Code.

- --------------------------------------------------------------------------------


20 Contract features and benefits






- --------------------------------------------------------------
                 Available
                 for owner
                 and annuitant   Minimum
Contract type    issue ages      contributions
- --------------------------------------------------------------
                           
Rollover IRA     20 through 85   o $5,000 (initial)
                                 o $50 (additional)
                                 o $100 monthly and $300
                                   quarterly under our auto-
                                   matic investment program
                                   (additional) (subject to
                                   tax maximums)
- --------------------------------------------------------------


- --------------------------------------------------------------------------------
Contract type    Source of contributions          Limitations on contributions+
- --------------------------------------------------------------------------------
                                            
Rollover IRA     o Eligible rollover distribu-    o No additional contributions
                   tions from TSA contracts or      may be made after attain-
                   other 403(b) arrangements,       ment of age 86, or, if
                   qualified plans, and govern-     later, the first contract
                   mental employer 457(b)           date anniversary.*
                   plans.                         o Contributions after age
                 o Rollovers from another           70-1/2 must be net of
                   traditional individual           required minimum
                   retirement arrangement.          distributions.
                 o Direct custodian-to-           o Although we accept regular
                   custodian transfers from         IRA contributions (limited
                   another traditional indi-        to $4,000 for 2007 and
                   vidual retirement                $5,000 for 2008) under
                   arrangement.                     Rollover IRA contracts, we
                 o Regular IRA contributions.       intend that this contract be
                 o Additional "catch-up"            used primarily for rollover
                   contributions.                   and direct transfer
                                                    contributions.
                                                  o Additional catch-up contri-
                                                    butions of up to $1,000 per
                                                    calendar year where the
                                                    owner is at least age 50 but
                                                    under age 70-1/2 at any time
                                                    during the calendar year for
                                                    which the contribution is
                                                    made.
- --------------------------------------------------------------------------------



                                               Contract features and benefits 21





- --------------------------------------------------------------------------------
                   Available
                  for owner
                  and annuitant    Minimum
 Contract type    issue ages      contributions
- --------------------------------------------------------------------------------
                            
Roth Conversion   20 through 85   o $5,000 (initial)
IRA                               o $50 (additional)
                                  o $100 monthly and $300 quarterly under our
                                    automatic investment program (additional)
                                    (subject to tax maximums)
- --------------------------------------------------------------------------------
Rollover TSA      20 through 85   o $5,000 (initial)
                                  o $500 (additional)


- --------------------------------------------------------------------------------
 Contract type     Source of contributions         Limitations on contributions+
- --------------------------------------------------------------------------------
                                            
Roth Conversion   o Rollovers from another        o No additional contributions
IRA                 Roth IRA.                       may be made after attain-
                  o Rollovers from a "desig-        ment of age 86, or, if
                    nated Roth contribution         later, the first contract
                    account" under a 401(k)         date anniversary.*
                    plan or 403(b) arrange-       o Conversion rollovers after
                    ment.                           age 70-1/2 must be net of
                  o Conversion rollovers from a     required minimum distribu-
                    traditional IRA.                tions for the traditional
                  o Direct transfers from           IRA you are rolling over.
                    another Roth IRA.             o You cannot roll over funds
                  o Regular Roth IRA contribu-      from a traditional IRA if
                    tions.                          your adjusted gross income
                  o Additional catch-up             is $100,000 or more.
                    contributions.                o Although we accept regular
                                                    Roth IRA contributions (lim-
                                                    ited to $4,000 for 2007 and
                                                    $5,000 for 2008) under
                                                    Roth IRA contracts, we
                                                    intend that this contract be
                                                    used primarily for rollover
                                                    and direct transfer
                                                    contributions.
                                                  o Additional catch-up contri-
                                                    butions of up to $1,000 per
                                                    calendar year where the
                                                    owner is at least age 50 at
                                                    any time during the calendar
                                                    year for which the contribu-
                                                    tion is made.
- --------------------------------------------------------------------------------
Rollover TSA      o Direct transfers of pre-tax   o No additional contributions
                    funds from another contract     may be made after attain-
                    or arrangement under Sec-       ment of age 86, or, if
                    tion 403(b) of the Internal     later, the first contract
                    Revenue Code, complying         date anniversary.*
                    with IRS Revenue Ruling       o Rollover or direct transfer
                    90-24.                          contributions after age
                  o Eligible rollover distribu-     70-1/2 must be net of any
                    tions of pre-tax funds from     required minimum distribu-
                    other 403(b) plans. Subse-      tions.
                    quent contributions may       o We do not accept employer-
                    also be rollovers from quali-   remitted contributions.
                    fied plans, governmental
                    employer 457(b) plans and
                    traditional IRAs.
- --------------------------------------------------------------------------------


22 Contract features and benefits







- --------------------------------------------------------------------------------
                   Available
                   for owner
                   and annuitant   Minimum
 Contract type     issue ages      contributions
- --------------------------------------------------------------------------------
                             
QP                 20 through 75   o $5,000 (initial)
                                   o $500 (additional)

See Appendix II at the end of this Prospectus for a discussion of
purchase considerations of QP contracts.
- --------------------------------------------------------------------------------
Flexible Premium   20 through 70   o $4,000 (initial)
IRA                                o $50 (additional)
                                   o $50 monthly or quarterly
                                     under our automatic invest-
                                     ment program (additional)
                                     (subject to tax maximums)
- --------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------
 Contract type     Source of contributions          Limitations on contributions+
- ------------------------------------------------------------------------------------------
                                              
QP                 o Only transfer contributions    o A separate QP contract must
                     from other investments           be established for each plan
                     within an existing qualified     participant.
                     plan trust.                    o We do not accept regular
                   o The plan must be qualified       ongoing payroll contribu-
                     under Section 401(a) of the      tions or contributions
                     Internal Revenue Code.           directly from the employer.
                   o For 401(k) plans, trans-       o Only one additional transfer
                     ferred contributions may         contribution may be made
                     not include any after-tax        during a contract year.
                     contributions, including       o No additional transfer con-
                     designated Roth contribu-        tributions after participant's
                     tions.                           attainment of age 76 or, if
                                                      later, the first contract date
                                                      anniversary.
                                                    o Contributions after age 70-1/2
                                                      must be net of any required
                                                      minimum distributions.

See Appendix II at the end of this Prospectus for a discussion of purchase
considerations of QP contracts.
- ------------------------------------------------------------------------------------------
Flexible Premium   o Regular traditional IRA        o No regular IRA contributions
IRA                  contributions.                   in the calendar year you turn
                   o Additional catch-up              age 70-1/2 and thereafter.
                     contributions.                 o Rollover and direct transfer
                   o Eligible rollover distribu-      contributions may be made
                     tions from TSA contracts or      up to attainment of age
                     other 403(b) arrangements,       86.*
                     qualified plans, and govern-   o Regular contributions may
                     mental employer 457(b)           not exceed $4,000 for 2007
                     plans.                           and $5,000 for 2008.
                   o Rollovers from another         o Rollover and direct transfer
                     traditional individual retire-   contributions after age 70-1/
                     ment arrangement.                must be net of required      2
                   o Direct custodian-                minimum distributions.
                     to-custodian transfers from    o Although we accept rollover
                     another traditional indi-        and direct transfer contribu-
                     vidual retirement                tions under the Flexible
                     arrangement.                     Premium IRA contract, we
                                                      intend that this contract be
                                                      used for ongoing regular
                                                      contributions.
                                                    o Additional catch-up contri-
                                                      butions of up to $1,000 per
                                                      calendar year where the
                                                      owner is at least age 50 but
                                                      under age 70-1/2 at any time
                                                      during the calendar year for
                                                      which the contribution is
                                                      made.
- ------------------------------------------------------------------------------------------



                                               Contract features and benefits 23







- --------------------------------------------------------------------------------
                    Available
                   for owner
                   and annuitant    Minimum
 Contract type     issue ages      contributions
- --------------------------------------------------------------------------------
                             
Flexible Premium   20 through 85   o $4,000 (initial)
Roth IRA                           o $50 (additional)
                                   o $50 monthly or quarterly
                                     under our automatic invest-
                                     ment program (additional)
                                     (subject to tax maximums)
- --------------------------------------------------------------------------------
Inherited IRA      0-70            o $5,000 (initial)
Beneficiary                        o $1,000 (additional)
Continuation
Contract (tradi-
tional IRA or
Roth IRA)
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------
 Contract type      Source of contributions         Limitations on contributions+
- --------------------------------------------------------------------------------------
                                             
Flexible Premium   o Regular after-tax contribu-   o No additional contributions
Roth IRA             tions.                          may be made after the
                   o Additional catch-up contri-     attainment of age 86, or, if
                     butions.                        later, the first contract date
                   o Rollovers from another          anniversary.*
                     Roth IRA.                     o Regular Roth IRA contribu-
                   o Rollovers from a "desig-        tions may not exceed
                     nated Roth contribution         $4,000 for 2007 and
                     account" under a 401(k)         $5,000 for 2008.
                     plan or 403(b) arrange-       o Contributions are subject to
                     ment.                           income limits and other tax
                   o Conversion rollovers from a     rules.
                     traditional IRA.              o Although we accept rollover
                   o Direct transfers from           and direct transfer contribu-
                     another Roth IRA.               tions under the Flexible
                                                     Premium Roth IRA contract,
                                                     we intend that this contract
                                                     be used for ongoing regular
                                                     Roth IRA contributions.
                                                   o Additional catch-up contri-
                                                     butions of up to $1,000 per
                                                     calendar year where the
                                                     owner is at least age 50 at
                                                     any time during the calendar
                                                     year for which the contribu-
                                                     tion is made.
- --------------------------------------------------------------------------------------
Inherited IRA      o Direct custodian-to-          o Any additional contributions
Beneficiary          custodian transfers of your     must be from the same type
Continuation         interest as a death benefi-     of IRA of the same deceased
Contract (tradi-     ciary of the deceased           owner.
tional IRA or        owner's traditional indi-     o Non-spousal beneficiary
Roth IRA)            vidual retirement               direct rollover contributions
                     arrangement or Roth IRA to      from qualified plans, 403(b)
                     an IRA of the same type.        arrangements and govern-
                                                     mental employer 457(b)
                                                     plans may be made to a
                                                     traditional Inherited IRA
                                                     contract under specified
                                                     circumstances.
- --------------------------------------------------------------------------------------



+    Additional contributions may not be permitted under certain conditions in
     your state. Please see Appendix VII later in the Prospectus to see if
     additional contributions are permitted in your state. If you are
     participating in a Principal guarantee benefit, contributions will only be
     permitted for the first six months after the contract is issued and no
     further contributions will be permitted for the life of the contract. For
     the Guaranteed withdrawal benefit for life option, additional contributions
     are not permitted after the later of: (i) the end of the first contract
     year, and (ii) the date you make your first withdrawal.

*    Please see Appendix VII later in this Prospectus for state variations.

See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.

24 Contract features and benefits




OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general, we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gift to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary.

For NQ contracts (with a single owner, joint owners, or a non-natural owner)
purchased through an exchange that is not taxable under Section 1035 of the
Internal Revenue Code, we permit joint annuitants. We also permit joint
annuitants in non-exchange sales if you elect the Guaranteed withdrawal benefit
for life on a Joint life basis, and the contract is owned by a non-natural
owner. In all cases, the joint annuitants must be spouses.

If you are purchasing this contract to fund a charitable remainder trust and
elect either the Guaranteed minimum income benefit ("GMIB") or the Guaranteed
withdrawal benefit for life ("GWBL"), or an enhanced death benefit, you should
strongly consider "split-funding": that is the trust holds investments in
addition to this Accumulator(R) contract. Charitable remainder trusts are
required to take specific distributions. The charitable remainder trust annual
withdrawal requirement may be equal to a percentage of the donated amount or a
percentage of the current value of the donated amount. If your Accumulator(R)
contract is the only source for such distributions, the payments you need to
take may significantly reduce the value of those guaranteed benefits. Such
amount may be greater than the annual increase in the GMIB, GWBL and/or the
enhanced death benefit base and/or greater than the Guaranteed annual
withdrawal amount under GWBL. See the discussion of these benefits later in
this section.

Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract. See "Inherited IRA beneficiary
continuation contract" later in this section for Inherited IRA owner and
annuitant requirements.

Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. Under
QP contracts, all benefits are based on the age of the annuitant. In this
Prospectus, when we use the terms owner and joint owner, we intend these to be
references to annuitant and joint annuitant, respectively, if the contract has
a non-natural owner. If GWBL is elected, the terms owner and Successor Owner
are intended to be references to annuitant and joint annuitant, respectively,
if the contract has a non-natural owner. If the contract is jointly owned or is
issued to a non-natural owner and the GWBL has not been elected, benefits are
based on the age of the older joint owner or older joint annuitant, as
applicable.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealers.
Additional contributions may also be made under our automatic investment
program. These methods of payment are discussed in detail in "More information"
later in this Prospectus.


- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------
Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain this
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------
WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

You can choose from among the variable investment options, the guaranteed
interest option, the fixed maturity options and the account for special dollar
cost averaging.

If you elect the 100% Principal guarantee benefit, the Guaranteed withdrawal
benefit for life or the Guaranteed minimum income benefit

                                              Contract features and benefits  25




without the Greater of 6-1/2% (or 6%) Roll-Up to age 85 or Annual Ratchet to age
85 enhanced death benefit, your investment options will be limited to the
guaranteed interest option, the account for special dollar cost averaging and
the following variable investment options: the AXA Allocation portfolios and
the EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").


If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the AXA Moderate Allocation portfolio.


VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.



26  Contract features and benefits




PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
contract. These portfolios may even have the same manager(s) and/or a similar
name. However, there are numerous factors that can contribute to differences in
performance between two investments, particularly over short periods of time.
Such factors may include fees and expenses; the timing of stock purchases and
sales; differences in fund cash flows; and specific strategies employed by the
portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------
 AXA Premier VIP Trust
 Portfolio Name               Objective
- ------------------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.
- ------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.
- ------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.
- ------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.
 EQUITY
- ------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND        To seek a balance of a high current income and capital
                              appreciation, consistent with a prudent level of risk.
- ------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE      Long-term growth of capital.
- ------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD       High total return through a combination of current
                              income and capital appreciation.
- ------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.
 EQUITY
- ------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------
 AXA Premier VIP Trust        Investment Manager (or Sub-Adviser(s), as
 Portfolio Name               applicable)
- ------------------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     o AXA Equitable
- ------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   o AXA Equitable
- ------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         o AXA Equitable
 ALLOCATION
- ------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       o AXA Equitable
- ------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             o AXA Equitable
 ALLOCATION
- ------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       o AllianceBernstein L.P.
 EQUITY                       o ClearBridge Advisors, LLC
                              o Legg Mason Capital Management, Inc.
                              o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND        o BlackRock Financial Management, Inc.
                              o Pacific Investment Management Company
                                LLC
- ------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE      o A I M Capital Management, Inc.
                              o RCM Capital Management LLC
                              o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD       o Pacific Investment Management Company
                                LLC
                              o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    o AllianceBernstein L.P.
 EQUITY                       o JPMorgan Investment Management Inc.
                              o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------



                                               Contract features and benefits 27







- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust                                                                Investment Manager (or Sub-Adviser(s), as
 Portfolio Name                Objective                                              applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o AllianceBernstein L.P.
 CORE EQUITY                                                                          o Janus Capital Management LLC
                                                                                      o Thornburg Investment Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o RCM Capital Management LLC
 GROWTH                                                                               o TCW Investment Management Company
                                                                                      o T. Rowe Price Associates, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o AllianceBernstein L.P.
 VALUE                                                                                o Institutional Capital LLC
                                                                                      o MFS Investment Management
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o AllianceBernstein L.P.
 GROWTH                                                                               o Franklin Advisers, Inc.
                                                                                      o Provident Investment Counsel, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP VALUE     Long-term growth of capital.                           o AXA Rosenberg Investment Management LLC
                                                                                      o TCW Investment Management Company
                                                                                      o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER SMALL CAP         Long-term growth of capital.                           o Franklin Advisory Services, LLC
 VALUE                                                                                o Lazard Asset Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER SMALL CAP         Long-term growth of capital.                           o Bear Stearns Asset Management Inc.
 GROWTH                                                                               o Eagle Asset Management, Inc.
                                                                                      o Wells Capital Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY        Long-term growth of capital.                           o Firsthand Capital Management, Inc.
                                                                                      o RCM Capital Management LLC
                                                                                      o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s), as
 Portfolio Name                Objective                                              applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 MON STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with   o AllianceBernstein L.P.
 MEDIATE GOVERNMENT            relative stability of principal.
 SECURITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 NATIONAL
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent with   o AllianceBernstein L.P.
 BOND                          moderate risk to capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                            o AllianceBernstein L.P.
- ------------------------------------------------------------------------------------------------------------------------------------



28 Contract features and benefits







- ----------------------------------------------------------------------------------------------
 EQ Advisors Trust
 Portfolio Name               Objective
- ----------------------------------------------------------------------------------------------
                           
EQ/ARIEL APPRECIATION II      Seeks long-term capital appreciation.
- ----------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE        Seeks to increase value through bull markets and bear
 LONG/SHORT EQUITY            markets using strategies that are designed to limit expo-
                              sure to general equity market risk.
- ----------------------------------------------------------------------------------------------
EQ/BLACKROCK BASIC VALUE      Seeks capital appreciation and secondarily, income.
 EQUITY
- ----------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term growth of
 VALUE                        income, accompanied by growth of capital.
- ----------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve an
 INCOME                       above-average and consistent total return.
- ----------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.
 RESPONSIBLE
- ----------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.
- ----------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.
 RESEARCH
- ----------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.
 YIELD BOND
- ----------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.
- ----------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk level consis-
                              tent with that of the S&P 500 Index.
- ----------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.
 BOND
- ----------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.
- ----------------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.
- ----------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects
                              for capital appreciation.
- ----------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.
- ----------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily seeks
 FOUNDING STRATEGY            income.
- ----------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.
 ACQUISITIONS
- ----------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.
 VALUE
- ----------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.
- ----------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND         Seeks to provide a high total return consistent with mod-
                              erate risk to capital and maintenance of liquidity.
- ----------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------
 EQ Advisors Trust            Investment Manager (or Sub-Adviser(s), as
 Portfolio Name               applicable)
- ----------------------------------------------------------------------------------------------
                           
EQ/ARIEL APPRECIATION II      o Ariel Capital Management, LLC
- ----------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE        o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY
- ----------------------------------------------------------------------------------------------
EQ/BLACKROCK BASIC VALUE      o BlackRock Investment Management, LLC
 EQUITY
- ----------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    o BlackRock Investment Management Interna-
 VALUE                          tional Limited
- ----------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     o Boston Advisors, LLC
 INCOME
- ----------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           o Calvert Asset Management Company, Inc.
 RESPONSIBLE                  o Bridgeway Capital Management, Inc.
- ----------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    o Capital Guardian Trust Company
- ----------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           o Capital Guardian Trust Company
 RESEARCH
- ----------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        o Caywood-Scholl Capital Management
 YIELD BOND
- ----------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     o Davis Selected Advisers, L.P.
- ----------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           o AllianceBernstein L.P.
- ----------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    o Evergreen Investment Management
 BOND                           Company, LLC
                              o First International Fund Advisors (dba
                                "Evergreen International")
- ----------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            o Evergreen Investment Management
                                Company, LLC
- ----------------------------------------------------------------------------------------------
EQ/FI MID CAP                 o Fidelity Management & Research Company
- ----------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            o Franklin Advisers, Inc.
- ----------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   o Franklin Advisory Services, LLC
- ----------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         o AXA Equitable
 FOUNDING STRATEGY
- ----------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          o GAMCO Asset Management Inc.
 ACQUISITIONS
- ----------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        o GAMCO Asset Management Inc.
 VALUE
- ----------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       o MFS Investment Management.
- ----------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND         o JPMorgan Investment Management Inc.
- ----------------------------------------------------------------------------------------------



                                               Contract features and benefits 29







- ----------------------------------------------------------------------------------------------
 EQ Advisors Trust
 Portfolio Name                Objective
- ----------------------------------------------------------------------------------------------
                            
- ----------------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.
 OPPORTUNITIES
- ----------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.
- ----------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation
                               through investment in long-maturity debt obligations.
- ----------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without
 INCOME                        excessive fluctuation in market value.
- ----------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with reason-
 CORE                          able risk.
- ----------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.
- ----------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.
- ----------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve
                               its assets and maintain liquidity.
- ----------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.
 GROWTH
- ----------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally be
                               short-term, and secondarily, income.
- ----------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.
- ----------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.
 OPPORTUNITY
- ----------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.
 SMALL CAP
- ----------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation
                               of real capital and prudent investment management.
- ----------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of principal.
- ----------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the
                               deduction of portfolio expenses) the total return of the
                               Russell 2000 Index.
- ----------------------------------------------------------------------------------------------
EQ/TCW EQUITY*                 Seeks to achieve long-term capital appreciation.
- ----------------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH            Seeks long-term capital growth.
- ----------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME       Seeks to achieve total return through capital appreciation
                               with income as a secondary consideration.
- ----------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK         Capital growth and income.
- ----------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING         Seeks long-term capital appreciation.
 MARKETS EQUITY
- ----------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP          Capital growth.
 GROWTH
- ----------------------------------------------------------------------------------------------
EQ/VAN KAMPEN REAL ESTATE**    Seeks to provide above average current income and long-
                               term capital appreciation.
- ----------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------
 EQ Advisors Trust             Investment Manager (or Sub-Adviser(s), as
 Portfolio Name                applicable)
- ----------------------------------------------------------------------------------------------
                            
EQ/JPMORGAN VALUE              o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ----------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     o Legg Mason Capital Management, Inc.
- ----------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              o BlackRock Financial Management, Inc.
- ----------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      o Lord, Abbett & Co. LLC
 INCOME
- ----------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       o Lord, Abbett & Co. LLC
 CORE
- ----------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   o Lord, Abbett & Co. LLC
- ----------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               o Marsico Capital Management, LLC
- ----------------------------------------------------------------------------------------------
EQ/MONEY MARKET                o The Dreyfus Corporation
- ----------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           o Montag & Caldwell, Inc.
 GROWTH
- ----------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               o Franklin Mutual Advisers, LLC
- ----------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          o OppenheimerFunds, Inc.
- ----------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     o OppenheimerFunds, Inc.
 OPPORTUNITY
- ----------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     o OppenheimerFunds, Inc.
 SMALL CAP
- ----------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           o Pacific Investment Management Company,
                                 LLC
- ----------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         o BlackRock Financial Management, Inc.
- ----------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         o AllianceBernstein L.P.
- ----------------------------------------------------------------------------------------------
EQ/TCW EQUITY*                 o TCW Investment Management Company
- ----------------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH            o Templeton Global Advisors Limited
- ----------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME       o UBS Global Asset Management
                                 (Americas) Inc.
- ----------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK         o Morgan Stanley Investment
                                 Management Inc.
- ----------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING         o Morgan Stanley Investment
 MARKETS EQUITY                  Management Inc.
- ----------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP          o Morgan Stanley Investment
 GROWTH                          Management Inc.
- ----------------------------------------------------------------------------------------------
EQ/VAN KAMPEN REAL ESTATE**    o Morgan Stanley Investment
                                 Management Inc.
- ----------------------------------------------------------------------------------------------



30 Contract features and benefits







- ----------------------------------------------------------------------------------------------
 EQ Advisors Trust
 Portfolio Name               Objective
                           
- ----------------------------------------------------------------------------------------------
MarketPLUS INTERNATIONAL      Seeks to achieve long-term growth of capital.
 CORE
- ----------------------------------------------------------------------------------------------
MarketPLUS MID CAP VALUE      Seeks long-term capital appreciation.
- ----------------------------------------------------------------------------------------------
MarketPLUS LARGE CAP GROWTH   Seeks to provide long-term capital growth.
- ----------------------------------------------------------------------------------------------
MarketPLUS LARGE CAP CORE     Seeks long-term growth of capital with a secondary
                              objective to seek reasonable current income. For purposes
                              of this Portfolio, the words "reasonable current income"
                              mean moderate income.
- ----------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------
 EQ Advisors Trust            Investment Manager (or Sub-Adviser(s), as
 Portfolio Name               applicable)
- ----------------------------------------------------------------------------------------------
                           
MarketPLUS INTERNATIONAL      o AXA Equitable
 CORE                         o Mellon Equity Associates LLC
                              o Wentworth Hauser and Violich, Inc.
- ----------------------------------------------------------------------------------------------
MarketPLUS MID CAP VALUE      o AXA Equitable
                              o Mellon Equity Associates LLC
                              o Wellington Management Company LLP
- ----------------------------------------------------------------------------------------------
MarketPLUS LARGE CAP GROWTH   o AXA Equitable
                              o Marsico Capital Management LLC
                              o Mellon Equity Associates LLC
- ----------------------------------------------------------------------------------------------
MarketPLUS LARGE CAP CORE     o AXA Equitable
                              o Institutional Capital Corporation LLC
                              o Mellon Equity Associates LLC
- ----------------------------------------------------------------------------------------------




*    The name of this investment option will change to EQ/T. Rowe Price Growth
     Stock on or about July 9, 2007, subject to regulatory approval.

**   This investment option will be available on or about July 9, 2007, subject
     to regulatory approval.


You should consider the investment objective, risks, and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the
Portfolios contain this and other important information about the Portfolios.
The prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may
call one of our customer service representatives at 1-800-789-7771.

                                               Contract features and benefits 31




GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges and any optional benefit
charges. See Appendix VII later in this Prospectus for state variations.

Depending on the state where your contract is issued, your lifetime minimum
rate ranges from 1.50% to 3.00%. The data page for your contract shows the
lifetime minimum rate. Check with your financial professional as to which rate
applies in your state. The minimum yearly rate will never be less than the
lifetime minimum rate. The minimum yearly rate for 2007 is 3.00%. Current
interest rates will never be less than the yearly guaranteed interest rate.

Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers from the guaranteed
interest option.

FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VII later in this Prospectus to see
if fixed maturity options are available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options generally range from one to ten years to maturity.
- --------------------------------------------------------------------------------
On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.

Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) contract, a 60-day rate lock-in will apply from the date
the application is signed. Any contributions received and designated for a
fixed maturity option during this period will receive the then current fixed
maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from the
variable investment options or the guaranteed interest option into a fixed
maturity option or transfers from one fixed maturity option to another.

YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a) transfer the maturity value into another available fixed maturity option,
    any of the variable investment options or the guaranteed interest option; or

(b) withdraw the maturity value (there may be a withdrawal charge).

If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available, we will transfer your maturity value to the
EQ/Money Market option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract, or when we make deductions for charges) from a
fixed maturity option before it matures we will make a market value adjustment,
which will increase or decrease any fixed maturity amount you have in that
fixed maturity option. A market value adjustment will also apply if amounts in
a fixed maturity option are used to purchase any annuity payment option prior
to the maturity date and may apply on payment of a death benefit. The market
value adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount
applied to an annuity payout option will reflect the application of any
applicable

32  Contract features and benefits




market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:

(a) the difference between the rate to maturity that applies to the amount
    being withdrawn and the rate we have in effect at that time for new fixed
    maturity options (adjusted to reflect a similar maturity date), and

(b) the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.

ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

The account for special dollar cost averaging is part of our general account.
We pay interest at guaranteed rates in this account. We will credit interest to
the amounts that you have in the account for special dollar cost averaging
every day. We set the interest rates periodically, according to procedures that
we have. We reserve the right to change these procedures.

We guarantee to pay our current interest rate that is in effect on the date
that your contribution is allocated to this account. Your guaranteed interest
rate for the time period you select will be shown in your contract for an
initial contribution. The rate will never be less than the lifetime minimum
rate for the guaranteed interest option. See "Allocating your contributions"
below for rules and restrictions that apply to the special dollar cost
averaging program.

ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options, the guaranteed interest option (subject to restrictions in
certain states-see Appendix VII later in this Prospectus for state variations)
and fixed maturity options. Allocations must be in whole percentages and you
may change your allocations at any time. The total of your allocations into all
available investment options must equal 100%. If an owner or annuitant is age
76-80, you may allocate contributions to fixed maturity options with maturities
of seven years or less. If an owner or annuitant is age 81 or older, you may
allocate contributions to fixed maturity options with maturities of five years
or less. Also, you may not allocate amounts to fixed maturity options with
maturity dates that are later than the date annuity payments are to begin.

DOLLAR COST AVERAGING

We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options or the
guaranteed interest option.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------
SPECIAL DOLLAR COST AVERAGING PROGRAM. Under the special dollar cost averaging
program, you may choose to allocate all or a portion of any eligible
contribution to the account for special dollar cost averaging. Contributions
into the account for special dollar cost averaging may not be transfers from
other investment options. Your initial allocation to any special dollar cost
averaging program time period must be at least $2,000 and any subsequent
contribution to that same time period must be at least $250. You may only have
one time period in effect at any time and once you select a time period, you
may not change it. In Pennsylvania, we refer to this program as "enhanced rate
dollar cost averaging."


You may have your account value transferred to any of the variable investment
options available under your contract. Only the permitted variable investment
options are available if you elect the Guaranteed withdrawal benefit for life,
the 100% Principal guarantee benefit or the Guaranteed minimum income benefit
without the Greater of 6-1/2% (or 6%) Roll-Up to age 85 or the Annual Ratchet to
age 85 enhanced


                                              Contract features and benefits  33





death benefit. Only the AXA Moderate Allocation portfolio is available if you
elect the 125% Principal guarantee benefit. We will transfer amounts from the
account for special dollar cost averaging into the variable investment options
over an available time period that you select. We offer time periods of 3, 6 or
12 months, during which you will receive an enhanced interest rate. We may also
offer other time periods. Your financial professional can provide information
on the time periods and interest rates currently available in your state, or
you may contact our processing office. If the special dollar cost averaging
program is selected at the time of application to purchase the Accumulator(R)
contract, a 60 day rate lock will apply from the date of application. Any
contribution(s) received during this 60 day period will be credited with the
interest rate offered on the date of application for the remainder of the time
period selected at application. Any contribution(s) received after the 60 day
rate lock period has ended will be credited with the then current interest rate
for the remainder of the time period selected at application. Contribution(s)
made to a special dollar cost averaging program selected after the
Accumulator(R) contract has been issued will be credited with the then current
interest rate on the date the contribution is received by AXA Equitable for the
time period initially selected by you. Once the time period you selected has
run, you may then select another time period for future contributions. At that
time, you may also select a different allocation for transfers to the variable
investment options, or, if you wish, we will continue to use the selection that
you have previously made. Currently, your account value will be transferred
from the account for special dollar cost averaging into the variable investment
options on a monthly basis. We may offer this program in the future with
transfers on a different basis.


We will transfer all amounts out of the account for special dollar cost
averaging by the end of the chosen time period. The transfer date will be the
same day of the month as the contract date, but not later than the 28th day of
the month. For a special dollar cost averaging program selected after
application, the first transfer date and each subsequent transfer date for the
time period selected will be one month from the date the first contribution is
made into the special dollar cost averaging program, but not later than the
28th day of the month.

If you choose to allocate only a portion of an eligible contribution to the
account for special dollar cost averaging, the remaining balance of that
contribution will be allocated to the variable investment options, guaranteed
interest option or fixed maturity options according to your instructions.

The only transfers that will be made from the account for special dollar cost
averaging are your regularly scheduled transfers to the variable investment
options. No amounts may be transferred from the account for special dollar cost
averaging to the guaranteed interest option or the fixed maturity options. If
you request to transfer or withdraw any other amounts from the account for
special dollar averaging, we will transfer all of the value that you have
remaining in the account for special dollar cost averaging to the investment
options according to the allocation percentages for special dollar cost
averaging we have on file for you. You may ask us to cancel your participation
at any time.

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options (subject to restrictions in certain states.
See Appendix VII later in this Prospectus.) You can select to have transfers
made on a monthly, quarterly or annual basis. The transfer date will be the
same calendar day of the month as the contract date, but not later than the
28th day of the month. You can also specify the number of transfers or instruct
us to continue making the transfers until all amounts in the EQ/Money Market
option have been transferred out. The minimum amount that we will transfer each
time is $250.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.


If you elect the Guaranteed withdrawal benefit for life or the Guaranteed
minimum income benefit without the Greater of 6-1/2% (or 6%) Roll-Up to age 85
or the Annual Ratchet to age 85 enhanced death benefit, general dollar cost
averaging is not available.


INVESTMENT SIMPLIFIER

FIXED-DOLLAR OPTION.  Under this option you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the permitted variable investment
options are available if you elect the Guaranteed withdrawal benefit for life,
the 100% Principal guarantee benefit or the Guaranteed minimum income benefit
without the Greater of 6-1/2% (or 6%) Roll-Up to age 85 or the Annual Ratchet to
age 85 enhanced death benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.

In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. Unlike the account for special dollar cost averaging,
this option does not offer enhanced rates. Also, this option is subject to the
guaranteed interest option transfer limitations described under "Transferring
your account value" in "Transferring your money among investment options" later
in this Prospectus. While the program is running, any transfer that exceeds
those limitations will cause the program to end for that contract year. You
will be notified. You must send in a request form to resume the program in the
next or subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.

34  Contract features and benefits





INTEREST SWEEP OPTION.  Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the permitted variable investment
options are available if you elect the Guaranteed withdrawal benefit for life,
the 100% Principal guarantee benefit or the Guaranteed minimum income benefit
without the Greater of 6-1/2% (or 6%) Roll-Up to age 85 or the Annual Ratchet to
age 85 enhanced death benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. The transfer date
will be the last business day of the month. The amount we will transfer will be
the interest credited to amounts you have in the guaranteed interest option
from the last business day of the prior month to the last business day of the
current month. You must have at least $7,500 in the guaranteed interest option
on the date we receive your election. We will automatically cancel the interest
sweep program if the amount in the guaranteed interest option is less than
$7,500 on the last day of the month for two months in a row. For the interest
sweep option, the first monthly transfer will occur on the last business day of
the month following the month that we receive your election form at our
processing office.

                      ----------------------------------
You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program, you may participate in any of the dollar cost averaging
programs except general dollar cost averaging. You may only participate in one
dollar cost averaging program at a time. See "Transferring your money among
investment options" later in this Prospectus. Also, for information on how the
dollar cost averaging program you select may affect certain guaranteed benefits
see "Guaranteed minimum death benefit and Guaranteed minimum income benefit
base" immediately below.


We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in every state. See Appendix VII later in this
Prospectus for more information on state availability. You may only participate
in one dollar cost averaging program at a time.


GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits, as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.


STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.


6-1/2% (OR 6%, IF APPLICABLE) ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6-1/2%
ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH BENEFIT, THE
GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your benefit base is
equal to:


o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money" and
   the section entitled "Charges and expenses" later in this Prospectus. The
   amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.

The effective annual roll-up rate credited to the benefit base is:

o  6-1/2% (or 6%,if applicable) with respect to the variable investment options
   (other than EQ/Money Market), and the account for special dollar cost
   averaging; the effective annual rate may be 4% in some states. Please see
   Appendix VII later in this Prospectus to see what applies in your state; and

o  3% with respect to the EQ/Money Market, the fixed maturity options, the
   guaranteed interest option and the loan reserve account under Rollover TSA
   (if applicable).

The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday.


ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT, THE GREATER OF 6-1/2% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT, THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET
TO AGE 85 ENHANCED DEATH BENEFIT, THE GREATER OF 3% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to the greater of either:


o  your initial contribution to the contract (plus any additional
   contributions),

                                       or

o  your highest account value on any contract date anniversary up to the
   contract date anniversary following the owner's (or older joint

                                              Contract features and benefits  35




   owner's, if applicable) 85th birthday, plus any contributions made since
   the most recent Annual Ratchet,

                                      less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of the deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.


GREATER OF 6-1/2% (OR 6% IF APPLICABLE) ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO
AGE 85 ENHANCED DEATH BENEFIT AND THE GUARANTEED MINIMUM INCOME BENEFIT. Your
benefit base is equal to the greater of the benefit base computed for the 6-1/2%
(or 6%, if applicable) Roll-Up to age 85 or the benefit base computed for the
Annual Ratchet to age 85, as described immediately above, on each contract date
anniversary. For the Guaranteed minimum income benefit, the benefit base is
reduced by any applicable withdrawal charge remaining when the option is
exercised. For more information, see " Withdrawal charge" in "Charges and
expenses" later in the Prospectus.


3% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 3% ROLL-UP TO AGE 85 OR THE
ANNUAL RATCHET TO AGE 85 ENHANCED DEATH BENEFIT). Your benefit base is equal
to:

o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money" and
   the section entitled "Charges and expenses" later in this Prospectus. The
   amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.

The effective annual roll-up rate credited to the benefit base is 3%.

The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday.

GREATER OF 3% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT. Your benefit base is equal to the greater of the benefit base
computed for the 3% Roll-Up to age 85 or the benefit base computed for the
Annual Ratchet to age 85, as described immediately above, on each contract date
anniversary.


GUARANTEED MINIMUM INCOME BENEFIT AND THE ROLL-UP BENEFIT BASE RESET.  You will
be eligible to reset your Guaranteed minimum income benefit Roll-Up benefit
base on each contract date anniversary until age 75. If you elect the
Guaranteed minimum income benefit without the Greater of 6-1/2% (or 6%) Roll-Up
to age 85 or Annual Ratchet to age 85 enhanced death benefit, you may reset its
Roll-Up benefit base on each contract date anniversary until age 75 AND your
investment option choices will be limited to the guaranteed interest option,
the account for special dollar cost averaging and the permitted variable
investment options. See "What are your investment options under the contract?"
earlier in this section. The reset amount would equal the account value as of
the contract date anniversary on which you reset your Roll-Up benefit base. The
Roll-Up continues to age 85 on any reset benefit base.

If you elect both the Guaranteed minimum income benefit AND the Greater of the
6-1/2% (or 6%) Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death
benefit (the "Greater of enhanced death benefit"), you will be eligible to
reset the Roll-Up benefit base for these guaranteed benefits to equal the
account value on any contract date anniversary until age 75, and your
investment options will not be restricted. If you elect both options, they are
not available with different Roll-Up benefit bases: each option must include
either the 6-1/2% Roll-Up or 6% Roll-Up benefit base.


We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
until the next contract date anniversary. If after your death your spouse
continues this contract, the benefit base will be eligible to be reset on each
contract date anniversary, if applicable. The last age at which the benefit
base is eligible to be reset is owner (or older joint owner, if applicable) age
75.

If you elect to reset your Roll-Up benefit base on any contract date
anniversary, we may increase the charge for the Guaranteed minimum income
benefit and the Greater of 6-1/2% (or 6%) Roll-Up to age 85 or the Annual
Ratchet to age 85 enhanced death benefit. There is no charge increase for the
Annual Ratchet to age 85 enhanced death benefit. See both "Guaranteed minimum
death benefit charge" and "Guaranteed minimum income benefit charge" in
"Charges and expenses" later in this Prospectus for more information.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of the reset: you may not exercise until the tenth contract date
anniversary following the reset or, if later, the earliest date you would have
been permitted to exercise without regard to the reset. See "Exercise rules"
under "Guaranteed minimum income benefit option" below for more information.
Please note that in almost all cases, resetting your Roll-Up benefit base will
lengthen the exercise waiting period. Also, even when there is no additional
charge when you reset your Roll-Up benefit base, the total dollar amount
charged on future contract date anniversaries may increase as a result of the
reset since the charges may be applied to a higher benefit base than would have
been otherwise applied. See "Charges and expenses" in the Prospectus.

If you are a traditional IRA, TSA or QP contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required minimum
distributions with respect to this contract. If you must begin taking lifetime
required minimum distributions during the 10-year waiting period, you may want
to consider taking the annual lifetime required minimum distribution calculated
for this contract from


36  Contract features and benefits





another traditional IRA, TSA or QP contract that you maintain. If you withdraw
the lifetime required minimum distribution from this contract, and the required
minimum distribution is more than 6-1/2% (or 6%) of the reset benefit base, the
withdrawal would cause a pro-rata reduction in the benefit base. Alternatively,
resetting the benefit base to a larger amount would make it less likely that
the required minimum distributions would exceed the 6-1/2% (or 6%) threshold.
See "Lifetime required minimum distribution withdrawals" and "How withdrawals
affect your Guaranteed minimum income benefit and Guaranteed minimum death
benefit" in "Accessing your money." Also, see "Required minimum distributions"
under "Individual retirement arrangements (IRAs)" and "Tax-sheltered annuity
contracts (TSAs)" in "Tax information" and Appendix II -- "Purchase
considerations for QP Contracts," later in this Prospectus.

If you elect both a "Greater of" enhanced death benefit and the Guaranteed
minimum income benefit, the Roll-Up benefit bases for both are reset
simultaneously when you request a Roll-Up benefit base reset. You cannot elect
a Roll-Up benefit base reset for one benefit and not the other.

ANNUITY PURCHASE FACTORS


Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed under "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
under "Your annuity payout options" in "Accessing your money" later in this
Prospectus. Annuity purchase factors are based on interest rates, mortality
tables, frequency of payments, the form of annuity benefit, and the owner's
(and any joint owner's) age and sex in certain instances. We may provide more
favorable current annuity purchase factors for the annuity payout options but
we will always use the guaranteed purchase factors to determine your periodic
payments under the Guaranteed minimum income benefit.


GUARANTEED MINIMUM INCOME BENEFIT


The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued.

Subject to state availability (see Appendix VII later in this Prospectus), you
may elect one of the following:

o  The Guaranteed minimum income benefit that includes the 6-1/2% Roll-Up
   benefit base.

o  The Guaranteed minimum income benefit that includes the 6% Roll-Up benefit
   base.

Both options include the ability to reset your Guaranteed minimum income
benefit base on each contract date anniversary until age 75. See "Guaranteed
minimum income benefit and the Roll-Up benefit base reset" earlier in this
section.


If you elect the Guaranteed minimum income benefit with a "Greater of" death
benefit, you can choose between one of the following two combinations:

o  the Greater of the 6-1/2% Roll-Up to age 85 or the Annual Ratchet to age 85
   enhanced death benefit with the Guaranteed minimum income benefit that
   includes the 6-1/2% Roll-Up benefit base, or

o  the Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85
   enhanced death benefit with the Guaranteed minimum income benefit that
   includes the 6% Roll-Up benefit base.

If you elect the Guaranteed minimum income benefit without the Greater of the
6-1/2% (or 6%) Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death
benefit, your investment options will be limited to the guaranteed interest
option, the account for special dollar cost averaging and the permitted
variable investment options. See "What are your investment options under the
contract?" earlier in this section.


If the contract is jointly owned, the guaranteed minimum income benefit will be
calculated on the basis of the older owner's age. There is an additional charge
for the Guaranteed minimum income benefit which is described under "Guaranteed
minimum income benefit charge" in "Charges and expenses" later in this
Prospectus. Once you purchase the Guaranteed minimum income benefit, you may
not voluntarily terminate this benefit. If you elect both the Guaranteed
minimum income benefit and a "Greater of" enhanced death benefit, the Roll-Up
rate you elect must be the same for both features.

If you are purchasing this contract as an Inherited IRA or if you elect a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life, the
Guaranteed minimum income benefit is not available. If you are using this
contract to fund a charitable remainder trust, you will have to take certain
distribution amounts. You should consider split-funding so that those
distributions do not adversely impact your guaranteed minimum income benefit.
See "Owner and annuitant requirements" earlier in this section. If the owner
was older than age 60 at the time an IRA, QP or Rollover TSA contract was
issued, the Guaranteed minimum income benefit may not be an appropriate feature
because the minimum distributions required by tax law generally must begin
before the Guaranteed minimum income benefit can be exercised.

If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.


The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. You choose which of these payout options you want
and whether you want the option to be paid on a single or joint life basis at
the time you exercise your Guaranteed minimum income benefit. The maximum
period certain available under the life with a period certain payout option is
10 years. This period may be shorter, depending on the owner's age, as follows:



                                              Contract features and benefits  37






- ------------------------------------------------------
                      Level payments
- ------------------------------------------------------
            Owner's         Period certain years
        age at exercise
- ------------------------------------------------------
                         
    80 and younger          10
            81               9
            82               8
            83               7
            84               6
            85               5
- ------------------------------------------------------


We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
- --------------------------------------------------------------------------------
When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base, less any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.

When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. Therefore, even if your account value is less than your
benefit base, you may generate more income by applying your account value to
current annuity purchase factors. We will make this comparison for you when the
need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE". In general, if your
account value falls to zero (except, as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6-1/2% (or 6%, if applicable) of the Roll-Up benefit base
as of the beginning of the contract year or in the first contract year, all
contributions received in the first 90 days), the Guaranteed minimum income
benefit will be exercised automatically, based on the owner's (or older joint
owner's, if applicable) current age and benefit base, as follows:


o  You will be issued a supplementary contract based on a single life with a
   maximum 10 year period certain. Payments will be made annually starting one
   year from the date the account value fell to zero.

o  You will have 30 days from when we notify you to change the payout option
   and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:


o  If your aggregate withdrawals during any contract year exceed 6-1/2% (or 6%,
   if applicable) of the Roll-Up benefit base (as of the beginning of the
   contract year or in the first contract year, all contributions received in
   the first 90 days);


o  Upon the contract date anniversary following the owner (or older joint owner,
   if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to
terminate even if a withdrawal causes your total contract year withdrawals to
exceed 6-1/2% (or 6%, if applicable) of your Roll-Up benefit base at the
beginning of the contract year.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT.  Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals, or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/Money Market, the guaranteed interest option, the fixed
maturity options or the loan reserve account under Rollover TSA contracts.



- -------------------------------------------------------------
                              Guaranteed minimum
      Contract date        income benefit -- annual
 anniversary at exercise   income payable for life
- -------------------------------------------------------------
                                
            10                     $10,065
            15                     $15,266
- -------------------------------------------------------------


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us,
along with all required information within 30 days following your contract date
anniversary, in order to exercise this benefit. Upon exercise of the Guaranteed
minimum income benefit, the owner (or older joint owner, if applicable) will
become the annuitant, and the contract will be annuitized on the basis of the
annuitant's life. You will begin receiving annual payments one year after the
annuity payout contract is issued. If you choose monthly

38  Contract features and benefits




or quarterly payments, you will receive your payment one month or one quarter
after the annuity payout contract is issued. You may choose to take a
withdrawal prior to exercising the Guaranteed minimum income benefit, which
will reduce your payments. You may not partially exercise this benefit. See
"Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death or, if later, the end of the period certain
(where the payout option chosen includes a period certain).

EXERCISE RULES. Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner's, if applicable) age, as
follows:

o  If you were at least age 20 and no older than age 44 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   15th contract date anniversary.

o  If you were at least age 45 and no older than age 49 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary after age 60.

o  If you were at least age 50 and no older than age 75 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   10th contract date anniversary.

Please note:

(i)    the latest date you may exercise the Guaranteed minimum income benefit is
       within 30 days following the contract date anniversary following your
       85th birthday;

(ii)   if you were age 75 when the contract was issued or the Roll-Up benefit
       base was reset, the only time you may exercise the Guaranteed minimum
       income benefit is within 30 days following the contract date anniversary
       following your attainment of age 85;

(iii)  for Accumulator(R) QP contracts, the Plan participant can exercise the
       Guaranteed minimum income benefit only if he or she elects to take a
       distribution from the Plan and, in connection with this distribution, the
       Plan's trustee changes the ownership of the contract to the participant.
       This effects a rollover of the Accumulator(R) QP contract into an
       Accumulator(R) Rollover IRA. This process must be completed within the
       30-day timeframe following the contract date anniversary in order for the
       Plan participant to be eligible to exercise. However, if the Guaranteed
       minimum income benefit is automatically exercised as a result of the no
       lapse guarantee, a rollover into an IRA will not be effected and payments
       will be made directly to the trustee;

(iv)   Since no partial exercise is permitted, owners of defined benefit QP
       contracts who plan to change ownership of the contract to the participant
       must first compare the participant's lump sum benefit amount and annuity
       benefit amount to the GMIB benefit amount and account value, and make a
       withdrawal from the contract if necessary. See "How withdrawals affect
       your Guaranteed minimum income benefit, Guaranteed minimum death benefit
       and Principal guarantee benefits" in "Accessing your money" later in this
       Prospectus.

(v)    for Accumulator(R) Rollover TSA contracts, you may exercise the
       Guaranteed minimum income benefit only if you effect a rollover of the
       TSA contract to an Accumulator(R) Rollover IRA. This may only occur when
       you are eligible for a distribution from the TSA. This process must be
       completed within the 30-day timeframe following the contract date
       anniversary in order for you to be eligible to exercise;

(vi)   if you reset the Roll-Up benefit base (as described earlier in this
       section), your new exercise date will be the tenth contract date
       anniversary following the reset or, if later, the earliest date you would
       have been permitted to exercise without regard to the reset. Please note
       that in almost all cases, resetting your Roll-Up benefit base will
       lengthen the waiting period;

(vii)  a spouse beneficiary or younger spouse joint owner under Spousal
       continuation may only continue the Guaranteed minimum income benefit if
       the contract is not past the last date on which the original owner could
       have exercised the benefit. In addition, the spouse beneficiary or
       younger spouse joint owner must be eligible to continue the benefit and
       to exercise the benefit under the applicable exercise rule (described in
       the above bullets) using the following additional rules. The spouse
       beneficiary or younger spouse joint owner's age on the date of the
       owner's death replaces the owner's age at issue for purposes of
       determining the availability of the benefit and which of the exercise
       rules applies. The original contract issue date will continue to apply
       for purposes of the exercise rules;

(viii) if the contract is jointly owned, you can elect to have the Guaranteed
       minimum income benefit paid either: (a) as a joint life benefit or (b) as
       a single life benefit paid on the basis of the older owner's age (if
       applicable); and

(ix)   if the contract is owned by a trust or other non-natural person,
       eligibility to elect or exercise the Guaranteed minimum income benefit is
       based on the annuitant's (or older joint annuitant's, if applicable) age,
       rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.

Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the

                                              Contract features and benefits  39




method of payment, information and forms necessary to effect payment, OR the
standard death benefit, whichever provides the higher amount.

If you elect one of the enhanced death benefits, the death benefit is equal to
your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, information and forms necessary to
effect payment, or your elected enhanced death benefit on the date of the
owner's (or older joint owner's, if applicable) death, adjusted for subsequent
withdrawals (and associated withdrawal charges), whichever provides the higher
amount. See "Payment of death benefit" later in this Prospectus for more
information.


Any of the enhanced death benefits (other than the Greater of 3% Roll-Up to age
85 or the Annual Ratchet to age 85 enhanced death benefit) or the standard
death benefit can be elected by themselves or with the Guaranteed minimum
income benefit. Each enhanced death benefit has an additional charge. There is
no additional charge for the standard death benefit.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information" later in this Prospectus for more information.

OPTIONAL ENHANCED DEATH BENEFIT APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 80 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 80 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA, FLEXIBLE PREMIUM ROTH IRA, AND ROLLOVER
TSA CONTRACTS; 20 THROUGH 70 AT ISSUE OF FLEXIBLE PREMIUM IRA CONTRACTS; 0
THROUGH 70 AT ISSUE FOR INHERITED IRA CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF
QP CONTRACTS.

Subject to state availability (see Appendix VII later in this Prospectus for
state availability of these benefits) and your age at contract issue, you may
elect one of the following enhanced death benefits:

o  Annual Ratchet to age 85 (available for owner issue ages 0-75).


o  The Greater of 6-1/2% Roll-Up to age 85 or Annual Ratchet to age 85
   (available for owner issue ages 0-75)

o  The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 (available
   for owner issue ages 0-75).

o  The Greater of 3% Roll-Up to age 85 or Annual Ratchet to age 85 (available
   for owner issue ages 76-80).


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

As discussed earlier in this Prospectus, you can elect a "Greater of" enhanced
death benefit with a corresponding Guaranteed minimum income benefit. You can
elect one of the following two combinations:

o  the Greater of 6-1/2% Roll-Up to age 85 or the Annual Ratchet to age 85
   enhanced death benefit with the Guaranteed minimum income benefit that
   includes the 6-1/2% Roll-Up benefit base, or

o  the Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
   death benefit with the Guaranteed minimum income benefit that includes the 6%
   Roll-Up benefit base.


If you purchase a "Greater of" enhanced death benefit with the Guaranteed
minimum income benefit, you will be eligible to reset your Roll-Up benefit base
on each contract date anniversary until age 75. If you purchase a "Greater of"
enhanced death benefit without the Guaranteed minimum income benefit, no reset
is available. See "Guaranteed minimum income benefit and the Roll-Up benefit
base reset" earlier in this section.


Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

If you are using this contract to fund a charitable remainder trust, you will
have to take certain distribution amounts. You should consider split-funding so
that those distributions do not adversely impact your enhanced death benefit.
See "Owner and annuitant requirements" earlier in this section.

See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced death benefit.

EARNINGS ENHANCEMENT BENEFIT

Subject to state and contract availability (see Appendix VII later in this
Prospectus for state availability of these benefits), if you are purchasing a
contract under which the Earnings enhancement benefit is available, you may
elect the Earnings enhancement benefit at the time you purchase your contract,
if the owner is age 75 or younger. The Earnings enhancement benefit provides an
additional death benefit as described below. See the appropriate part of "Tax
information" later in this Prospectus for the potential tax consequences of
electing to purchase the Earnings enhancement benefit in an NQ, IRA or Rollover
TSA contract. Once you purchase the Earnings enhancement benefit you may not
voluntarily terminate this feature. If you elect the Guaranteed withdrawal
benefit for life, the Earnings enhancement benefit is not available.

If you elect the Earnings enhancement benefit described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

40  Contract features and benefits




o  the account value or

o  any applicable death benefit

decreased by:

o  total net contributions


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions"
are reduced by the amount of that excess. Earnings enhancement benefit earnings
are equal to (a) minus (b) where (a) is the greater of the account value and
the death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals; and (ii) "Death benefit" is
equal to the greater of the account value as of the date we receive
satisfactory proof of death or any applicable Guaranteed minimum death benefit
as of the date of death.


If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o  the account value or

o  any applicable death benefit

decreased by:

o  total net contributions

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns
age 80, except that the benefit will be reduced for withdrawals on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
the current account value that is being withdrawn and we reduce the benefit by
that percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is
$40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 X .40)
and the benefit after the withdrawal would be $24,000 ($40,000 - $16,000).

For an example of how the Earnings enhancement death benefit is calculated,
please see Appendix VI.

For contracts continued under Spousal continuation upon the death of the spouse
(or older spouse, in the case of jointly owned contracts), the account value
will be increased by the value of the Earnings enhancement benefit as of the
date we receive due proof of death. The benefit will then be based on the age
of the surviving spouse as of the date of the deceased spouse's death for the
remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later
in this Prospectus for more information.

The Earnings enhancement benefit must be elected when the contract is first
issued: neither the owner nor the successor owner can add it subsequently. Ask
your financial professional or see Appendix VII later in this Prospectus to see
if this feature is available in your state.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit, the Earnings enhancement benefit or one of our
Principal guarantee benefits, described later in this Prospectus. You may elect
one of our automated payment plans or you may take partial withdrawals. All
withdrawals reduce your account value and Guaranteed minimum death benefit. See
"Accessing your money" later in this Prospectus. Your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the permitted variable investment options. See "What are
your investment options under the contract?" earlier in this section.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner.

For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.

For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no longer married, you may
either: (i) drop the joint annuitant or (ii) replace the original joint
annuitant with the annuitant's new spouse. This can only be done before the
first withdrawal. After the first withdrawal, the joint annuitant may be
dropped but cannot be replaced. If the joint annuitant is dropped after
withdrawals begin, the charge continues based on a Joint life basis.

This benefit is not available under an Inherited IRA contract. Joint life QP
and TSA contracts are not permitted. If you are using this contract to fund a
charitable remainder trust, you will have to take certain distribution amounts.
You should consider split-funding so that those distributions do not adversely
impact your guaranteed withdrawal benefit for life. See "Owner and annuitant
requirements" earlier in this section.

                                              Contract features and benefits  41




The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o  You plan to take withdrawals in excess of your Guaranteed annual withdrawal
   amount because those withdrawals may significantly reduce or eliminate the
   value of the benefit (see "Effect of Excess withdrawals" below in this
   section);

o  You are interested in long term accumulation rather than taking withdrawals;

o  You are using the contract to fund a Rollover TSA or QP contract where
   withdrawal restrictions will apply; or

o  You plan to use it for withdrawals prior to age 59-1/2, as the taxable amount
   of the withdrawal will be includible in income and subject to an additional
   10% federal income tax penalty, as discussed later in this Prospectus.

For traditional IRAs, TSA and QP contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.

GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:

o  Your GWBL benefit base increases by any subsequent contributions.

o  Your GWBL benefit base may be increased on each contract date anniversary, as
   described below under "Annual ratchet" and "5% deferral bonus."

o  Your GWBL benefit base is not reduced by withdrawals except those withdrawals
   that cause total withdrawals in a contract year to exceed your Guaranteed
   annual withdrawal amount ("Excess withdrawal"). See "Effect of Excess
   withdrawals" below in this section.

GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. If your GWBL benefit base ratchets, as described below in this
section under "Annual ratchet," on any contract date anniversary after you
begin taking withdrawals, your Applicable percentage may increase based on your
attained age at the time of the ratchet. The Applicable percentages are as
follows:



- -------------------------------------------------------------
                     
- -------------------------------------------------------------
Age                     Applicable percentage
45-64                   4.0%
65-74                   5.0%
75-84                   6.0%
85 and older            7.0%
- -------------------------------------------------------------


We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.

Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual withdrawal amount, but all withdrawals are counted toward
your free withdrawal amount. See "Withdrawal charge" in "Charges and expenses"
later in this Prospectus.

EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount. If you make an
Excess withdrawal, we will recalculate your GWBL benefit base and the
Guaranteed annual withdrawal amount, as follows:

     o    The GWBL benefit base is reset as of the date of the Excess withdrawal
          to equal the lesser of: (i) the GWBL benefit base immediately prior to
          the Excess withdrawal and (ii) the account value immediately following
          the Excess withdrawal.

     o    The Guaranteed annual withdrawal amount is recalculated to equal the
          Applicable percentage multiplied by the reset GWBL benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your
account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your Income base is $100,000 and your account value is
$80,000 when you decide to begin taking withdrawals at age 65. Your Guaranteed
annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You take an
initial withdrawal of $8,000. Since your Income base is immediately reset to
equal the lesser of your GWBL benefit base prior to the Excess withdrawal
($100,000) and

42  Contract features and benefits




your account value immediately following the Excess withdrawal ($80,000 minus
$8,000), your GWBL benefit base is now $72,000. In addition, your Guaranteed
annual withdrawal amount is reduced to $3,600 (5.0% of $72,000), instead of the
original $5,000. See "How withdrawals affect your GWBL and GWBL Guaranteed
minimum death benefit" in "Accessing your money" later in this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.


ANNUAL RATCHET


Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal amount will also be increased,
if applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.

5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.

SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.

GWBL GUARANTEED MINIMUM DEATH BENEFIT

There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-85, and (ii) the GWBL Enhanced death
benefit, which is available for an additional charge for owner issue ages
45-75. Please see Appendix VII later in this Prospectus to see if these
guaranteed death benefits are available in your state.

The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial
contribution and any additional contributions less a deduction that reflects
any withdrawals you make (see "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus).

The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:

o  Your GWBL Enhanced death benefit base increases by any subsequent
   contribution;

o  Your GWBL Enhanced death benefit base increases to equal your account value
   if ratcheted, as described above in this section;

o  Your GWBL Enhanced death benefit base increases by any 5% deferral bonus, as
   described above in this section;

o  Your GWBL Enhanced death benefit base decreases by an amount which reflects
   any withdrawals you make;


See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death
benefit" in "Accessing your money" later in this Prospectus.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death adjusted for
any subsequent withdrawals (and associated withdrawal charges), whichever
provides a higher

                                              Contract features and benefits  43




amount. For more information, see "Withdrawal charge" in "Charges and expenses"
later in the Prospectus.

EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO

If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.

However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  Your Accumulator(R) contract terminates and you will receive a supplementary
   life annuity contract setting forth your continuing benefits. The owner of
   the Accumulator(R) contract will be the owner and annuitant. The successor
   owner, if applicable, will be the joint annuitant. If the owner is
   non-natural, the annuitant and joint annuitant, if applicable, will be the
   same as under your Accumulator(R) contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.

o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual withdrawal amount for that contract year in a lump sum. Payment of the
   Guaranteed annual withdrawal amount will begin on the next contract date
   anniversary.

o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.

o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar-for-dollar basis
   as payments are made. If there is any remaining death benefit upon the death
   of the owner and successor owner, if applicable, we will pay it to the
   beneficiary.

o  The charge for the Guaranteed withdrawal benefit for life and the GWBL
   Enhanced death benefit will no longer apply.

o  If at the time of your death the Guaranteed annual withdrawal amount was
   being paid to you as a supplementary life annuity contract, your beneficiary
   may not elect the Beneficiary continuation option.

OTHER IMPORTANT CONSIDERATIONS

o  This benefit is not appropriate if you do not intend to take withdrawals
   prior to annuitization.

o  Amounts withdrawn in excess of your Guaranteed annual withdrawal amount may
   be subject to a withdrawal charge, if applicable, as described in "Charges
   and expenses" later in the Prospectus. In addition, all withdrawals count
   toward your free withdrawal amount for that contract year. Excess withdrawals
   can significantly reduce or completely eliminate the value of the GWBL and
   GWBL Enhanced death benefit. See "Effect of Excess withdrawals" above in this
   section and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
   death benefit" in "Accessing your money" later in this Prospectus.

o  Withdrawals are not considered as annuity payments for tax purposes, and may
   be subject to an additional 10% federal income tax penalty before age 59-1/2.
   See "Tax information" later in this Prospectus.

o  All withdrawals reduce your account value and Guaranteed minimum death
   benefit. See "How withdrawals are taken from your account value" and "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing your
   money" later in this Prospectus.

o  If you withdraw less than the Guaranteed annual withdrawal amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   withdrawal amount in any subsequent year.

o  The GWBL benefit terminates if the contract is continued under the
   beneficiary continuation option or under the Spousal continuation feature if
   the spouse is not the successor owner.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual withdrawal amount, all benefits under
   the contract will terminate, including the GWBL benefit.

o  If you transfer ownership of this contract, you terminate the GWBL benefit.
   See "Transfers of ownership, collateral assignments, loans and borrowing" in
   "More information" later in this Prospectus for more information.

o  Withdrawals are available under other annuity contracts we offer and this
   contract without purchasing a withdrawal benefit.

o  For IRA, QP and TSA contracts, if you have to take a required minimum
   distribution ("RMD") and it is your first withdrawal under the contract, the
   RMD will be considered your "first withdrawal" for the purposes of
   establishing your GWBL Applicable percentage.


o  If you elect GWBL on a Joint life basis and subsequently get divorced, your
   divorce will not automatically terminate the contract. For both Joint life
   and Single life contracts, it is possible that the terms of your divorce
   decree could significantly reduce or completely eliminate the value of this
   benefit.


PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").

100% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 100%
Principal guarantee benefit is equal to your initial contribution and
additional permitted contributions, adjusted for withdrawals.

44  Contract features and benefits




Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost
averaging and the permitted variable investment options. See "What are your
investment options under the contract?" earlier in this section.

125% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 125%
Principal guarantee benefit is equal to 125% of your initial contribution and
additional permitted contributions, adjusted for withdrawals.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost
averaging and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to
the allocation instructions for additional contributions we have on file. After
the benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to
the contract date anniversary following an owner's 85th birthday. If you elect
to reset the guaranteed amount, your benefit maturity date will be extended to
be the 10th contract date anniversary after the anniversary on which you reset
the guaranteed amount. This extension applies each time you reset the
guaranteed amount.

Neither PGB is available under Inherited IRA, Flexible Premium IRA and Flexible
Premium Roth IRA contracts. If you elect either PGB, you may not elect the
Guaranteed minimum income benefit, the Guaranteed withdrawal benefit for life,
the systematic withdrawals option or the substantially equal withdrawals
option. If you purchase a PGB, you may not make additional contributions to
your contract after six months from the contract issue date. If you are using
this contract to fund a charitable remainder trust, you will have to take
certain distribution amounts. You should consider split-funding so that those
distributions do not adversely impact your Principal guarantee benefit. See
"Owner and annuitant requirements" earlier in this section.

If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information" later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will
terminate your PGB and the charge. See "Non-spousal joint owner contract
continuation" in "Payment of death benefit" later in this Prospectus. The PGB
will terminate upon the exercise of the beneficiary continuation option. See
"Payment of death benefit" later in this Prospectus for more information about
the continuation of the contract after the death of the owner and/or the
annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your
contract beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only)
are not permitted under either PGB.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT

This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to
the beneficiary after the deceased owner's death. See the discussion of
required minimum distributions under "Tax information." This contract is
intended only for beneficiaries who want to take payments at least annually
over their life expectancy. These payments generally must begin (or must have
begun) no later than December 31 of the calendar year following the year the
deceased owner died. This contract is not suitable for beneficiaries electing
the "5-year rule." See "Beneficiary continuation option for IRA and Roth IRA
contracts" under "Beneficiary continuation option" in "Payment of death
benefit" later in this Prospectus. You should discuss with your tax adviser
your own personal situation. This contract may not be available in all states.
Please speak with your financial professional for further information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or ben-

                                              Contract features and benefits  45




efit under the Applicable Plan", and references to "individual beneficiary of a
traditional IRA" include "individual non-spousal beneficiary under an
Applicable Plan."


The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. Certain trusts with only
individual beneficiaries will be treated as individuals for this purpose. The
contract must also contain the name of the deceased owner. In this discussion,
"you" refers to the owner of the inherited IRA beneficiary continuation
contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o  You must receive payments at least annually (but can elect to receive
   payments monthly or quarterly). Payments are generally made over your life
   expectancy determined in the calendar year after the deceased owner's death
   and determined on a term certain basis.

o  You must receive payments from this contract even if you are receiving
   payments from another IRA of the deceased owner in an amount that would
   otherwise satisfy the amount required to be distributed from this contract.

o  The beneficiary of the original IRA will be the annuitant under the inherited
   IRA beneficiary continuation contract. In the case where the beneficiary is a
   "See Through Trust," the oldest beneficiary of the trust will be the
   annuitant.

o  An inherited IRA beneficiary continuation contract is not available for
   owners over age 70.

o  The initial contribution must be a direct transfer from the deceased owner's
   original IRA and is subject to minimum contribution amounts. See "How you can
   purchase and contribute to your contract" earlier in this section.

o  Subsequent contributions of at least $1,000 are permitted but must be direct
   transfers of your interest as a beneficiary from another IRA with a financial
   institution other than AXA Equitable, where the deceased owner is the same as
   under the original IRA contract. A non-spousal beneficiary under an
   Applicable Plan cannot make subsequent contributions to an Inherited
   traditional IRA contract.

o  You may make transfers among the investment options.

o  You may choose at any time to withdraw all or a portion of the account value.
   Any partial withdrawal must be at least $300. Withdrawal charges will apply
   as described in "Charges and expenses" later in this Prospectus.

o  The Guaranteed minimum income benefit, Spousal continuation, special dollar
   cost averaging program, automatic investment program, Principal guarantee
   benefits, the Guaranteed withdrawal benefit for life and systematic
   withdrawals are not available under the Inherited IRA beneficiary
   continuation contract.

o  If you die, we will pay to a beneficiary that you choose the greater of the
   account value or the applicable death benefit.

o  Upon your death, your beneficiary has the option to continue taking required
   minimum distributions based on your remaining life expectancy or to receive
   any remaining interest in the contract in a single sum. The option elected
   will be processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment. If your beneficiary elects to continue to take
   distributions, we will increase the account value to equal the applicable
   death benefit if such death benefit is greater than such account value as of
   the date we receive satisfactory proof of death and any required
   instructions, information and forms. Thereafter, withdrawal charges will no
   longer apply. If you had elected any enhanced death benefits, they will no
   longer be in effect and charges for such benefits will stop. The Guaranteed
   minimum death benefit will also no longer be in effect.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix VII to find out what
applies in your state.


Generally, your refund will equal your account value (less loan reserve account
under TSA contracts) under the contract on the day we receive notification of
your decision to cancel the contract and will reflect (i) any investment gain
or loss in the variable investment options (less the daily charges we deduct),
(ii) any guaranteed interest in the guaranteed interest option, (iii) any
positive or negative market value adjustments in the fixed maturity options,
and (iv) any interest in the account for special dollar cost averaging, through
the date we receive your contract. Some states require that we refund the full
amount of your contribution (not reflecting (i), (ii), (iii) or (iv) above).
For any IRA contract returned to us within seven days after you receive it, we
are required to refund the full amount of your contribution.


We may require that you wait six months before you may apply for a contract
with us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

46  Contract features and benefits




Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA or Flexible Premium
Roth IRA contract, you may cancel your Roth Conversion IRA or Flexible Premium
Roth IRA contract and return to a Rollover IRA or Flexible Premium IRA
contract, whichever applies. Our processing office, or your financial
professional, can provide you with the cancellation instructions.

                                              Contract features and benefits  47




2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; (iv) the account for special dollar cost
averaging; and (v) the loan reserve account (applies for Rollover TSA contracts
only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge, as well
as optional benefit charges; (ii) any applicable withdrawal charges; and (iii)
the amount of any outstanding loan plus accrued interest (applicable to
Rollover TSA contracts only). Please see "Surrendering your contract to receive
its cash value" in "Accessing your money" later in this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges);


(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a Rollover TSA contract.

In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct
the annual administrative charge. A description of how unit values are
calculated is found in the SAI.

YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.

YOUR CONTRACT'S VALUE IN THE ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

Your value in the account for special dollar cost averaging at any time will
equal your contribution allocated to that option, plus interest, less the sum
of all amounts that have been transferred to the variable investment options
you have selected.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.

See Appendix VII later in this Prospectus for any state variations with regard
to terminating your contract.

GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.

48  Determining your contract's value




PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account
value is insufficient to pay charges, we will not terminate your contract if
you are participating in a PGB. Your contract will remain in force and we will
pay your guaranteed amount at the benefit maturity date.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to a GWBL Excess
withdrawal, we will terminate your contract and you will receive no payment or
supplementary life annuity contract, even if your GWBL benefit base is greater
than zero. If, however, your account value falls to zero, either due to a
withdrawal or surrender that is not a GWBL Excess withdrawal or due to a
deduction of charges, the benefit will still have value. See "Contract features
and benefits" earlier in this Prospectus.

                                           Determining your contract's value  49




3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the investment options, subject to the
following:

o  You may not transfer any amount to the account for special dollar cost
   averaging.

o  You may not transfer to a fixed maturity option that has a rate to maturity
   of 3%.

o  If an owner or annuitant is age 76-80, you must limit your transfers to fixed
   maturity options with maturities of seven years or less. If an owner or
   annuitant is age 81 or older, you must limit your transfers to fixed maturity
   options of five years or less. Also, the maturity dates may be no later than
   the date annuity payments are to begin.

o  If you make transfers out of a fixed maturity option other than at its
   maturity date, the transfer may cause a market value adjustment.

Some states may have additional transfer restrictions. Please see Appendix VII
later in this Prospectus.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a) 25% of the amount you have in the guaranteed interest option on the last day
    of the prior contract year; or,

(b) the total of all amounts transferred at your request from the guaranteed
    interest option to any of the Investment options in the prior contract year;
    or,

(c) 25% of amounts transferred or allocated to the guaranteed interest option
    during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day that we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentages of your current account value to be
    transferred, and

(3) the investment options to and from which you are transferring.

We will confirm all transfers in writing.

Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.

DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.

50  Transferring your money among investment options




We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.


We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (together, "the trusts"). The trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the trust obtains from us contract owner trading activity. The trusts currently
consider transfers into and out of (or vice versa) the same variable investment
option within a five business day period as potentially disruptive transfer
activity. Each trust reserves the right to reject a transfer that it believes,
in its sole discretion, is disruptive (or potentially disruptive) to the
management of one of its portfolios. Please see the prospectuses for the trusts
for more information.


When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.


It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, the trusts had not implemented such a fee. If a redemption fee is
implemented by a trust, that fee, like any other trust fee, will be borne by
the contract owner.

Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows
you to rebalance your account value among the variable investment options.
Option II allows you to rebalance among the variable investment options and the
guaranteed interest option. Under both options, rebalancing is not available
for amounts you have allocated to the fixed maturity options.

In order to participate in one of our rebalancing programs, you must tell us:

   (a) the percentage you want invested in each investment option (whole
       percentages only), and

   (b) how often you want the rebalancing to occur (quarterly, semiannually, or
       annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------
While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer out of the guaranteed interest option to
initiate the rebalancing program will not be permitted if such transfer would
violate these rules. If this occurs, the rebalancing program will not go into
effect.

You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.

If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.

                            Transferring your money among investment options  51




4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.

Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.



- --------------------------------------------------------------------------------
                                     Method of withdrawal
                   -------------------------------------------------------------
                    Automatic                           Pre-age     Lifetime
                     payment                             59-1/2     required
                      plans                             Substan    minimum
                      (GWBL                  System-    -tially   distribu-
 Contract             only)       Partial     atic       equal       tion
- --------------------------------------------------------------------------------
                                                      
NQ                     Yes         Yes         Yes        No         No
- --------------------------------------------------------------------------------
Rollover IRA           Yes         Yes         Yes        Yes        Yes
- --------------------------------------------------------------------------------
Flexible
 Premium IRA           Yes         Yes         Yes        Yes        Yes
- --------------------------------------------------------------------------------
Roth Conversion
 IRA                   Yes         Yes         Yes        Yes        No
- --------------------------------------------------------------------------------
Flexible Premium
 Roth IRA              Yes         Yes         Yes        Yes        No
- --------------------------------------------------------------------------------
Inherited IRA          Yes         Yes         No         No          *
- --------------------------------------------------------------------------------
QP**                   Yes         Yes         No         No         Yes
- --------------------------------------------------------------------------------
Rollover TSA***        Yes         Yes         Yes        No         Yes
- --------------------------------------------------------------------------------


*    This contract pays out post-death required minimum distributions. See
     "Inherited IRA beneficiary continuation contract" in "Contract features and
     benefits" earlier in this Prospectus.


**   All payments are made to the trust, as the owner of the contract.


***  For some Rollover TSA contracts, your ability to take withdrawals, loans or
     surrender your contract may be limited. You must provide withdrawal
     restriction information when you apply for a contract. See "Tax Sheltered
     Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.


MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.

If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.


CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with any Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.

If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). Under Rollover TSA contracts, if a loan is
outstanding, you may only take partial withdrawals as long as the cash value
remaining after any withdrawal equals at least 10% of the outstanding loan plus
accrued interest.

52  Accessing your money




Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.

SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRA and QP contracts)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions.)

You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.

You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. Systematic withdrawals are not available if you have elected a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life.

SUBSTANTIALLY EQUAL WITHDRAWALS
(Rollover IRA, Roth Conversion IRA, Flexible Premium IRA and Flexible Premium
Roth IRA contracts)

We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Once you begin to take substantially equal withdrawals, you should
not stop them or change the pattern of your withdrawals until after the later
of age 59-1/2 or five full years after the first withdrawal. If you stop or
change the withdrawals or take a partial withdrawal, you may be liable for the
10% federal tax penalty that would have otherwise been due on prior withdrawals
made under this option and for any interest on the delayed payment of the
penalty.

In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.

You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.

Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge.

The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.

LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, Flexible Premium IRA, QP and Rollover TSA contracts only -- See
"Tax information" later in this Prospectus)

We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This service is not available under defined benefit QP contracts. This
is not the exclusive way for you to meet these rules. After consultation with
your tax adviser, you may decide to compute required minimum distributions
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Before electing this account based withdrawal option, you should
consider whether annuitization might be better in your situation. If you have
elected certain additional benefits, such as the Guaranteed minimum death
benefit or Guaranteed minimum income benefit, amounts withdrawn from the
contract to meet RMDs will reduce the benefit base and may limit the utility of
the benefit. Also, the actuarial present value of additional contract benefits
must be added to the account value in calculating required minimum distribution
withdrawals from annuity contracts funding qualified plans, TSAs and IRAs,
which could increase the amount required to be withdrawn. Please refer to "Tax
information" later in this Prospectus.

You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made

                                                        Accessing your money  53




annually. See "Required minimum distributions" in "Tax information" later in
this Prospectus for your specific type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA, Flexible Premium IRA, and Rollover TSA contracts, we will
send a form outlining the distribution options available in the year you reach
age 70-1/2 (if you have not begun your annuity payments before that time).
- --------------------------------------------------------------------------------
We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if, when added to a partial
withdrawal previously taken in the same contract year, the minimum distribution
withdrawal exceeds the 10% free withdrawal amount.

Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH GWBL. Generally, if you elect our Automatic RMD service, any
lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.

If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawal may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the
plan again at any time, but the scheduled payments will not resume until the
next contract date anniversary. Further, your GWBL benefit base and Guaranteed
annual withdrawal amount may be reduced. See "Effect of Excess Withdrawals" in
"Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT. The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6-1/2% (or 6%, if applicable) of the Roll- Up benefit
base (as of the beginning of the contract year or in the first contract year,
all contributions received in the first 90 days).

Owners of tax-qualified contracts (IRA, TSA and QP) generally should not reset
the Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/Guaranteed minimum income benefit Roll-Up benefit base reset" in
"Contract features and benefits" earlier in this Prospectus.


HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and guaranteed interest option, any additional amount of the
withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options in the order of the earliest maturity date(s)
first. If the FMO amounts are insufficient, we will deduct all or a portion of
the withdrawal from the account for special dollar cost averaging. A market
value adjustment will apply to withdrawals from the fixed maturity options.

HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 X .40) and your new benefit after the withdrawal would be
$24,000 ($40,000 - $16,000).

For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.


With respect to the Guaranteed minimum income benefit and the Greater of 6-1/2%
(or 6% or 3%, as applicable) Roll-Up to age 85 or Annual Ratchet to age 85
enhanced death benefit, withdrawals (including any applicable withdrawal
charges) will reduce each of the benefits' 6-1/2% (or 6% or 3%, as applicable)
Roll-Up to age 85 benefit base on a dollar-for-dollar basis, as long as the sum
of withdrawals in a contract year is 6-1/2% (or 6% or 3%, as applicable) or less
of the 6-1/2% (or 6% or 3%, as applicable) Roll-Up benefit base on the contract
issue date or the most recent contract date anniversary, if later. For this
purpose, in the first contract year, all contributions received in the first 90
days after contract issue will be considered to have been received on the first
day of the contract year. In subsequent contract years, additional
contributions made during a contract year do not affect the amount of
withdrawals that can be taken on a dollar-for--


54  Accessing your money




dollar basis in that contract year. Once a withdrawal is taken that causes the
sum of withdrawals in a contract year to exceed 6-1/2% (or 6% or 3%, as
applicable) of the benefit base on the most recent anniversary, that entire
withdrawal (including RMDs) and any subsequent withdrawals in that same
contract year will reduce the benefit base pro rata. Reduction on a
dollar-for-dollar basis means that your 6-1/2% (or 6% or 3%, as applicable)
Roll-Up to age 85 benefit base will be reduced by the dollar amount of the
withdrawal for each Guaranteed benefit. The Annual Ratchet to age 85 benefit
base will always be reduced on a pro rata basis.

HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT

Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the Guaranteed annual
withdrawal amount. Withdrawals that exceed the Guaranteed annual withdrawal
amount, however, can significantly reduce your GWBL benefit base and Guaranteed
annual withdrawal amount. For more information, see "Effect of Excess
withdrawals" and "Other important considerations" under "Guaranteed withdrawal
benefit for life ("GWBL")" in "Contract features and benefits" earlier in this
Prospectus.

Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than
your account value (after the Excess withdrawal), we will further reduce your
GWBL Enhanced death benefit base to equal your account value.

For purposes of calculating your GWBL and GWBL Guaranteed minimum death benefit
amount, the amount of the excess withdrawal will include the withdrawal amount
paid to you and the amount of the withdrawal charge deducted from your account
value. For more information on calculation of the charge, see "Withdrawal
charge" later in the Prospectus.

WITHDRAWALS TREATED AS SURRENDERS

If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. In addition, we
have the right to pay the cash value and terminate this contract if no
contributions are made during the last three completed contract years, and the
account value is less than $500, or if you make a withdrawal that would result
in a cash value of less than $500. The rules in the preceding sentence do not
apply if the Guaranteed minimum income benefit no lapse guarantee is in effect
on your contract. See "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.

SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. We will not treat
a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life " in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you
may only take a loan with the written consent of your spouse. If you elect the
GWBL option or a PGB, loans are not permitted. Your contract contains further
details of the loan provision. Please see Appendix VII later in this Prospectus
for any state restrictions you may be subject to if you take a loan from a
Rollover TSA contract. Also, see "Tax information" later in this Prospectus for
general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of a loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and

(3) the date a death benefit is paid (the outstanding loan, including any
    accrued but unpaid loan interest, will be deducted from the death benefit
    amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined. See Appendix VII later in this Prospectus to see if a different
interest rate applies in your state.


                                                        Accessing your money  55




LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the "loan reserve account." Unless you specify
otherwise, we will subtract your loan on a pro rata basis from your value in
the variable investment options and the guaranteed interest option. If those
amounts are insufficient, any additional amount of the loan will be subtracted
from the fixed maturity options in the order of the earliest maturity date(s)
first. A market value adjustment may apply. If such fixed maturity amounts are
insufficient, we will deduct all or a portion of the loan from the account for
special dollar cost averaging.

For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify otherwise, we will transfer the dollar amount of
the loan repaid from the loan reserve account to the investment options
according to the allocation percentages we have on our records.

The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.

SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts with non-natural owners, while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.



All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable) if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6-1/2% (or 6%, if applicable) of the Roll-Up benefit base (as of the
beginning of the contract year). For more information, please see "Insufficient
account value" in "Determining your contract value" and "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus.


You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal charge) and, upon surrender, payment of the cash
value. We may postpone such payments or applying proceeds for any period during
which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option, fixed maturity options and the account for special dollar cost
averaging (other than for death benefits) for up to six months while you are
living. We also may defer payments for a reasonable amount of time (not to
exceed 10 days) while we are waiting for a contribution check to clear.


All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.


YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) provide for conversion to
payout status at or before the contract's "maturity date." This is called
annuitization. When your contract is annuitized, your Accumulator(R) contract
and all its benefits will terminate and you will receive a supplemental annuity
payout contract ("payout option") that provides periodic payments for life or
for a specified period of time. In general, the periodic payment amount is
determined by the account value or cash value of your Accumulator(R) contract
at the time of annuitization and the annuity purchase factor to which that
value is applied, as described below. Alternatively, if you have a Guaranteed
minimum income benefit, you may exercise your benefit in accordance with its
terms.


Your Accumulator(R) contract guarantees that upon annuitization, your annuity
account value will be applied to a guaranteed annuity purchase factor for a
life annuity payout option. In addition, you may apply your account value or
cash value, whichever is applicable, to any other annuity payout option that we
may offer at the time of annuitization. We currently offer you several choices
of annuity payout options. Some enable you to receive fixed annuity payments,
which can be either level or increasing, and others enable you to receive
variable annuity payments. Please see Appendix VII later in this Prospectus for
variations that may apply in your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed

56  Accessing your money




minimum income benefit (see "Guaranteed minimum income benefit option" in
"Contract features and benefits" earlier in this Prospectus). If you elect the
Guaranteed withdrawal benefit for life and choose to annuitize your contract,
the Guaranteed withdrawal benefit for life will terminate without value even if
your GWBL benefit base is greater than zero. Payments you receive under the
annuity payout option you select may be less than you would have received under
GWBL. See "Guaranteed withdrawal benefit for life" in "Contract features and
benefits" earlier in this Prospectus for further information.



- --------------------------------------------------------------------------------
                                     
Fixed annuity payout options            Life annuity
                                        Life annuity with period certain
                                        Life annuity with refund certain
                                        Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity              Life annuity
   payout options                       Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options       Life annuity with period certain
   (available for owners and annu-      Period certain annuity
   itants age 83 or less at contract
   issue)
- --------------------------------------------------------------------------------



o  Life annuity: An annuity that guarantees payments for the rest of the
   annuitant's life. Payments end with the last monthly payment before the
   annuitant's death. Because there is no continuation of benefits following the
   annuitant's death with this payout option, it provides the highest monthly
   payment of any of the life annuity options, so long as the annuitant is
   living.

o  Life annuity with period certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the end of a
   selected period of time ("period certain"), payments continue to the
   beneficiary for the balance of the period certain. The period certain cannot
   extend beyond the annuitant's life expectancy. A life annuity with a period
   certain is the form of annuity under the contract that you will receive if
   you do not elect a different payout option. In this case, the period certain
   will be based on the annuitant's age and will not exceed 10 years.

o  Life annuity with refund certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the amount applied
   to purchase the annuity option has been recovered, payments to the
   beneficiary will continue until that amount has been recovered. This payout
   option is available only as a fixed annuity.

o  Period certain annuity: An annuity that guarantees payments for a specific
   period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
   not exceed the annuitant's life expectancy. This option does not guarantee
   payments for the rest of the annuitant's life. It does not permit any
   repayment of the unpaid principal, so you cannot elect to receive part of the
   payments as a single sum payment with the rest paid in monthly annuity
   payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life, and after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable income annuity
payout option. The amount of each variable income annuity payment will
fluctuate, depending upon the performance of the variable investment options,
and whether the actual rate of investment return is higher or lower than an
assumed base rate.


INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your Accumulator(R).

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) contract to
an Income Manager(SM) payout annuity. In this case, we will consider any amounts
applied as a withdrawal from your Accumulator(R) and we will deduct any
applicable withdrawal charge. For the tax consequences of withdrawals, see "Tax
information" later in this Prospectus.


                                                        Accessing your money  57





The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income benefit option, different payout options may
apply, as well as various other differences. See "Guaranteed minimum income
benefit option" in "Contract features and benefits" earlier in this Prospectus,
as well as the Income Manager(SM) prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION


The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of your purchase as it
relates to any withdrawal charges. If amounts in a fixed maturity option are
used to purchase any annuity payout option prior to the maturity date, a market
value adjustment will apply.


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.

The withdrawal charge applicable under your Accumulator(R) contract is imposed
if you select a non-life contingent period certain payout annuity. If the
period certain is more than 5 years, then the withdrawal charge deducted will
not exceed 5% of the account value.


For the Income Manager(SM) life contingent payout options, no withdrawal charge
is imposed under the Accumulator(R). If the withdrawal charge that otherwise
would have been applied to your account value under your Accumulator(R) is
greater than 2% of the contributions that remain in your contract at the time
you purchase your payout option, the withdrawal charges under the Income
Manager(SM) will apply. The year in which your account value is applied to the
payout option will be "contract year 1."


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.


You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) contract date. (Please see Appendix VII
later in this Prospectus for information on state variations.). Except with
respect to the Income Manager(SM) annuity payout options, where payments are
made on the 15th day of each month, you can change the date your annuity
payments are to begin anytime before that date as long as you do not choose a
date later than the 28th day of any month. Also, that date may not be later than
the annuity maturity date described below.

The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.


ANNUITY MATURITY DATE

Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. For contracts with joint annuitants, the maturity age
is based on the older annuitant. The maturity date is generally the contract
date anniversary that follows the annuitant's 95th birthday. We will send a
notice with the annual statement one year prior to the maturity age.


If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for
life," these payments will have the potential to increase with favorable
investment performance. Any remaining Guaranteed minimum death benefit value
will be transferred to the annuity payout contract as your "minimum death
benefit." If the enhanced death benefit had been elected, its value as of the
date the annuity payout contract is issued will become your minimum death
benefit, and it will no longer increase. The minimum death benefit will be
reduced dollar-for-dollar by each payment. If you die while there is any
minimum death benefit remaining, it will be paid to your beneficiary.


Please see Appendix VII later in this Prospectus for variations that may apply
in your state.

58  Accessing your money




5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o  A mortality and expense risks charge

o  An administrative charge

o  A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o  On each contract date anniversary -- an annual administrative charge, if
   applicable.

o  At the time you make certain withdrawals or surrender your contract -- a
   withdrawal charge.

o  On each contract date anniversary, a charge for each optional benefit that
   you elect: a death benefit (other than the Standard and GWBL Standard death
   benefit); the Guaranteed minimum income benefit; the Guaranteed withdrawal
   benefit for life; and the Earnings enhancement benefit.

o  On any contract date anniversary on which you are participating in a PGB -- a
   charge for a PGB.

o  At the time annuity payments are to begin -- charges designed to approximate
   certain taxes that may be imposed on us, such as premium taxes in your state.
   An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.

SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge.  We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard death benefit. The daily charge is
equivalent to an annual rate of 0.80% of the net assets in each variable
investment option.

The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.

Administrative charge.  We deduct a daily charge from the net assets in each
variable investment option. The charge, together with the annual administrative
charge described below, is to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.30% of the
net assets in each variable investment option.

Distribution charge.  We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.20%
of the net assets in each variable investment option.

ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge

                                                        Charges and expenses  59




from the fixed maturity options (if available) in the order of the earliest
maturity date(s) first. If such fixed maturity option amounts are insufficient,
we will deduct all or a portion of the charge from the account for special
dollar cost averaging. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits,
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

WITHDRAWAL CHARGE

A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non-life contingent payout
option. For more information about the withdrawal charge if you select an
annuity payout option, see "Your annuity payout options -- The amount applied
to purchase an annuity payout option" in "Accessing your money" earlier in the
Prospectus.

The withdrawal charge equals a percentage of the contributions withdrawn. The
percentage that applies depends on how long each contribution has been invested
in the contract. We determine the withdrawal charge separately for each
contribution according to the following table:



- --------------------------------------------------------------------------------
                         Contract year
- --------------------------------------------------------------------------------
                 1     2     3     4     5     6     7     8+
- --------------------------------------------------------------------------------
                                   
Percentage of
 contribution    7%    7%    6%    6%    5%    3%    1%    0%
- --------------------------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1," and the withdrawal
charge is reduced or expires on each applicable contract date anniversary.
Amounts withdrawn up to the free withdrawal amount are not considered
withdrawal of any contribution. We also treat contributions that have been
invested the longest as being withdrawn first. We treat contributions as
withdrawn before earnings for purposes of calculating the withdrawal charge.
However, federal income tax rules treat earnings under your contract as
withdrawn first. See "Tax information" later in this Prospectus.

Please see Appendix VII later in this Prospectus for possible withdrawal charge
schedule variations in your state.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover our sales expenses.

For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.

The withdrawal charge does not apply in the circumstances described below.

10% free withdrawal amount. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase your 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.

For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract) and (2)
the 10% free withdrawal amount defined above.


Certain withdrawals. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6-1/2% (or 6%, if applicable) Roll-Up to age 85 or Annual
Ratchet to age 85 enhanced death benefit, the withdrawal charge will be waived
for any withdrawal that, together with any prior withdrawals made during the
contract year, does not exceed 6-1/2% (or 6%, if applicable) of the beginning of
contract year 6-1/2% (or 6%, if applicable) Roll-Up to age 85 benefit base, even
if such withdrawals exceed the free withdrawal amount. Also, a withdrawal
charge does not apply to a withdrawal that exceeds 6-1/2% (or 6%, if applicable)
of the beginning of contract year 6-1/2% (or 6%, if applicable) Roll-Up to age
85 benefit base as long as it does not exceed the free withdrawal amount. If
you are age 76-80 at issue and elected the Greater of 3% Roll-Up to age 85 or
the Annual Ratchet to age 85 enhanced death benefit, this waiver applies to
withdrawals up to 3% of the beginning of the contract year 3% Roll-Up to age 85
benefit base. If your withdrawals exceed the amount described above, this
waiver is not applicable to that withdrawal or to any subsequent withdrawals
for the life of the contract.


If you elect the Guaranteed withdrawal benefit for life, we will waive any
withdrawal charge for any withdrawal during the contract year up to the
Guaranteed annual withdrawal amount, even if such withdrawals exceed the free
withdrawal amount. However, each withdrawal reduces the free withdrawal amount
for that contract year by the amount of the withdrawal. Also, a withdrawal
charge does not apply to a withdrawal that exceeds the Guaranteed annual
withdrawal amount as long as it does not exceed the free withdrawal amount.
Withdrawal charges, if applicable, are applied to the amount of the withdrawal
that exceeds both the free withdrawal amount and the Guaranteed annual
withdrawal amount.

Disability, terminal illness, or confinement to nursing home.
The withdrawal charge also does not apply if:

(i)   An owner (or older joint owner, if applicable) has qualified to receive
      Social Security disability benefits as certified by the Social Security
      Administration; or

60  Charges and expenses




(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that an owner's (or older joint owner's, if applicable) life
      expectancy is six months or less; or

(iii) An owner (or older joint owner, if applicable) has been confined to a
      nursing home for more than 90 days (or such other period, as required in
      your state) as verified by a licensed physician. A nursing home for this
      purpose means one that is (a) approved by Medicare as a provider of
      skilled nursing care service, or (b) licensed as a skilled nursing home by
      the state or territory in which it is located (it must be within the
      United States, Puerto Rico, or U.S. Virgin Islands) and meets all of the
      following:

            -  its main function is to provide skilled, intermediate, or
               custodial nursing care;

            -  it provides continuous room and board to three or more persons;

            -  it is supervised by a registered nurse or licensed practical
               nurse;

            -  it keeps daily medical records of each patient;

            -  it controls and records all medications dispensed; and

            -  its primary service is other than to provide housing for
               residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions described in (i), (ii) or
(iii) above existed at the time a contribution was remitted or if the condition
began within 12 months of the period following remittance. Some states may not
permit us to waive the withdrawal charge in the above circumstances, or may
limit the circumstances for which the withdrawal charge may be waived. Your
financial professional can provide more information or you may contact our
processing office.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6-1/2% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect
this enhanced death benefit, we deduct a charge annually from your account
value on each contract date anniversary for which it is in effect. The charge
is equal to 0.80% of the greater of the 6-1/2% Roll-Up to age 85 or the Annual
Ratchet to age 85 benefit base.

If you opt to reset your Roll-Up benefit base on any contract date anniversary,
we reserve the right to increase the charge for this enhanced death benefit up
to a maximum of 0.95% of the applicable benefit base. You will be notified of
the increased charge at the time we notify you of your eligibility to reset.
The increased charge, if any, will apply as of the next contract date
anniversary following the reset and on all contract date anniversaries
thereafter.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.65% of the greater of the 6% Roll-Up to age 85 or the Annual Ratchet to
age 85 benefit base.


If you opt to reset your Roll-Up benefit base on any contract date anniversary,
if applicable, we reserve the right to increase the charge for this enhanced
death benefit up to a maximum of 0.80% of the applicable benefit base. You will
be notified of the increased charge at the time we notify you of your
eligibility to reset. The increased charge, if any, will apply as of the next
contract date anniversary following the reset and on all contract date
anniversaries thereafter.


GREATER OF 3% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.65% of the greater of the 3% Roll-Up to age 85 or the Annual Ratchet to
age 85 benefit base.


GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.


We will deduct this charge from your value in the variable investment options
(or, if applicable, permitted variable investment options) and the guaranteed
interest option on a pro rata basis (see Appendix VII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state). If those amounts are insufficient, we will deduct all
or a portion of the charge from the fixed maturity options (if applicable) in
the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If such fixed
maturity option amounts are still insufficient, we will deduct all or a portion
of the charge from the account for special dollar cost averaging. If the
contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of
the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.

PRINCIPAL GUARANTEE BENEFITS CHARGE

If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal to 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee
benefit. We will continue to deduct the charge until your benefit maturity
date. We will deduct this charge from your value in the permitted variable
investment options and the guaranteed interest option (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If such amounts are
insufficient, we will deduct all or a portion from the account for special
dollar cost averaging. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year.

                                                        Charges and expenses  61




If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option, or the contract date anniversary after the annuitant reaches age
85, whichever occurs first.

If you elect the Guaranteed minimum income benefit that includes the 6-1/2%
Roll-Up benefit base, the charge is equal to 0.80% of the applicable benefit
base on the contract date anniversary. If you elect the Guaranteed minimum
income benefit that includes the 6% Roll-Up benefit base, the charge is equal
to 0.65% of the applicable benefit base.


If you opt to reset your Roll-Up benefit base on any contract date anniversary,
we reserve the right to increase the charge for this benefit up to a maximum of
1.10% for the benefit that includes the 6-1/2% Roll-Up benefit base or 0.95% for
the benefit that includes the 6% Roll-Up benefit base. You will be notified of
the increased charge at the time we notify you of your eligibility to reset.
The increased charge, if any, will apply as of the next contract date
anniversary following the reset and on all contract date anniversaries
thereafter.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options in the
order of the earliest maturity date(s) first. A market value adjustment will
apply to deductions from the fixed maturity options. If such fixed maturity
option amounts are still insufficient, we will deduct all or a portion of the
charge from the account for special dollar cost averaging. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

EARNINGS ENHANCEMENT BENEFIT CHARGE

If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary for which it is in effect.
The charge is equal to 0.35% of the account value on each contract date
anniversary. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option on a pro rata basis. If
those amounts are insufficient, we will deduct all or a portion of the charge
from the fixed maturity options in the order of the earliest maturity date(s)
first. If such fixed maturity option amounts are insufficient, we will deduct
all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro
rata portion of the charge for that year. A market value adjustment will apply
to deductions from the fixed maturity options.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. We will
deduct this charge from your value in the permitted variable investment options
and the guaranteed interest option on a pro rata basis. (See Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are insufficient, we will
deduct all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro
rata portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the Single Life option is 0.75%. The maximum charge for the
Joint Life option is 0.90%. The increased charge, if any, will apply as of the
contract date anniversary on which your GWBL benefit base ratchets and on all
contract date anniversaries thereafter. We will permit you to opt out of the
ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time
to reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION
ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity payout option. This option may not be available at the time
you elect to annuitize or it may have a different charge.

62  Charges and expenses




CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o  Management fees ranging from 0.05% to 1.40%.

o  12b-1 fees of 0.25%.


o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian fees
   and liability insurance.

o  Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge, or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to the 12b-1
fee. Group arrangements include those in which a trustee or an employer, for
example, purchases contracts covering a group of individuals on a group basis.
Group arrangements are not available for IRA contracts. Sponsored arrangements
include those in which an employer allows us to sell contracts to its employees
or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We also may establish different rates to maturity for the fixed maturity
options under different classes of contracts for group or sponsored
arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

                                                        Charges and expenses  63




6. Payment of death benefit

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YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. Under a contract
with a non-natural owner that has joint annuitants, the surviving annuitant is
considered the beneficiary, and will take the place of any other beneficiary.
You may be limited as to the beneficiary you can designate in a Rollover TSA
contract. In a QP contract, the beneficiary must be the trustee. Where an NQ
contract is owned for the benefit of a minor pursuant to the Uniform Gift to
Minors Act or the Uniform Transfers to Minors Act, the beneficiary must be the
estate of the minor. Where an IRA contract is owned in a custodial individual
retirement account, the custodian must be the beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit.
We determine the amount of the death benefit (other than the applicable
Guaranteed minimum death benefit) and any amount applicable under the Earnings
enhancement benefit, as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. The amount of the applicable Guaranteed
minimum death benefit will be such Guaranteed minimum death benefit as of the
date of the owner's (or older joint owner's, if applicable) death adjusted for
any subsequent withdrawals. For Rollover TSA contracts with outstanding loans,
we will reduce the amount of the death benefit by the amount of the outstanding
loan, including any accrued but unpaid interest on the date that the death
benefit payment is made.

- --------------------------------------------------------------------------------

When we use the terms owner and joint owner, we intend these to be references
to annuitant and joint annuitant, respectively, if the contract has a
non-natural owner. If the contract is jointly owned or is issued to a non-
natural owner and the GWBL has not been elected, the death benefit is payable
upon the death of the older joint owner or older joint annuitant, as
applicable. Under contracts with GWBL, the terms Owner and Successor Owner are
intended to be references to Annuitant and Joint Annuitant, respectively if the
contract has a non-natural owner.

- --------------------------------------------------------------------------------
Subject to applicable laws and regulations, you may impose restrictions on the
timing and manner of the payment of the death benefit to your beneficiary. For
example, your beneficiary designation may specify the form of death benefit
payout (such as a life annuity), provided the payout you elect is one that we
offer both at the time of designation and when the death benefit is payable. In
general, the beneficiary will have no right to change the election.

You should be aware that (i) in accordance with current federal income tax
rules, we apply a predetermined death benefit annuity payout election only if
payment of the death benefit amount begins within one year following the date
of death, which payment may not occur if the beneficiary has failed to provide
all required information before the end of that period, (ii) we will not apply
the predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable. If
the contract had joint annuitants, it will become a single annuitant contract.

EFFECT OF THE OWNER'S DEATH

In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. For
Joint Life contracts with GWBL, the death benefit is paid to the beneficiary at
the death of the second to die of the owner and successor owner, as applicable.


There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature, or under our Beneficiary continuation option, as
discussed below. For contracts with non-spousal joint owners, the joint owner
will be able to continue the contract as a successor owner subject to the
limitations discussed below under "Non-spousal joint owner contract
continuation." If you are the sole owner and your spouse is the sole primary
beneficiary, your surviving spouse can continue the contract as a successor
owner, under "Spousal continuation" or under our Beneficiary continuation
option, as discussed below.

If the surviving joint owner is not the surviving spouse, or, for single owner
contracts, if the beneficiary is not the surviving spouse, federal income tax
rules generally require payments of amounts under the contract to be made
within five years of an owner's death (the "5-year rule"). In certain cases, an
individual beneficiary or non-spousal surviving joint owner may opt to receive
payments over his/her life (or over a period not in excess of his/her life
expectancy) if payments commence within one year of the owner's death. Any such
election must be made in accordance with our rules at the time of death. If the
ben-

If the surviving joint owner is not the surviving spouse, or, for single owner
contracts, if the beneficiary is not the surviving spouse, federal income tax
rules generally require payments of amounts under the contract to be made
within five years of an owner's death (the "5-year rule"). In certain cases, an
individual beneficiary or non-spousal surviving joint owner may opt to receive
payments over his/her life (or over a period not in excess of his/her life
expectancy) if payments commence within one year of the owner's death. Any such
election must be made in accordance with our rules at the time of death. If the
ben-

64  Payment of death benefit




eficiary of a contract with one owner or a younger non-spousal joint owner
continues the contract under the 5-year rule, in general, all guaranteed
benefits and their charges will end. If a PGB election is in effect upon your
death with a benefit maturity date of less than five years from the date of
death, it will remain in effect. For more information on non-spousal joint
owner contract continuation, see the section immediately below.

NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint owner within five
years. The surviving owner may instead elect to receive a life annuity,
provided payments begin within one year of the deceased owner's death. If the
life annuity is elected, the contract and all benefits terminate.

If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to
five years; or (4) continue the contract under the beneficiary continuation
option. If the contract continues, the Guaranteed minimum death benefit and
charge and the Guaranteed minimum income benefit and charge will then be
discontinued. Withdrawal charges will no longer apply, and no additional
contributions will be permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. Withdrawal charges will continue to apply and no additional
contributions will be permitted.

Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more
than five years from the date of death, we will terminate the benefit and the
charge.

SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your younger spouse, or if the contract
owner is a non-natural person and you and your younger spouse are joint
annuitants, your spouse may elect to continue the contract as successor owner
upon your death. Spousal beneficiaries (who are not also joint owners) must be
85 or younger as of the date of the deceased spouse's death in order to
continue the contract under Spousal continuation.

Upon your death, the younger spouse joint owner (for NQ contracts only) or the
spouse beneficiary (under a Single owner contract) may elect to receive the
death benefit, continue the contract under our Beneficiary continuation option
(as discussed below in this section) or continue the contract, as follows:

o  As of the date we receive satisfactory proof of your death, any required
   instructions, information and forms necessary, we will increase the account
   value to equal the elected Guaranteed minimum death benefit as of the date of
   your death if such death benefit is greater than such account value, plus any
   amount applicable under the Earnings enhancement benefit, and adjusted for
   any subsequent withdrawals. The increase in the account value will be
   allocated to the investment options according to the allocation percentages
   we have on file for your contract.

o  In general, withdrawal charges will no longer apply to contributions made
   before your death. Withdrawal charges will apply if additional contributions
   are made.

o  The applicable Guaranteed minimum death benefit option may continue as
   follows:


      o  If you elected either the Annual Ratchet to age 85 or the Greater of
         6-1/2% (or 6%) Roll-Up to age 85 or Annual Ratchet to age 85 enhanced
         death benefit, and if your surviving spouse is age 75 or younger on the
         date of your death, and you were age 84 or younger at death, the
         enhanced death benefit continues and will continue to grow according to
         its terms until the contract date anniversary following the date the
         surviving spouse reaches age 85. If you were age 85 or older at death,
         we will reinstate the Guaranteed minimum death benefit you elected. The
         benefit base (which had previously been frozen at age 85) will now
         continue to grow until the contract date anniversary following the date
         the surviving spouse reaches age 85.

      o  If you elected the Greater of 3% Roll-Up to age 85 or Annual Ratchet to
         age 85 enhanced death benefit, and your surviving spouse is age 80 or
         younger at the date of your death, and you were age 84 or younger at
         death, the enhanced death benefit continues and will grow according to
         its terms until the contract date anniversary following the surviving
         spouse's 85th birthday. If you were age 85 or older at death, we will
         reinstate the enhanced death benefit you elected. The benefit base
         (which had been previously frozen at age 85) will now continue to grow
         according to its terms until the contract date anniversary following
         the surviving spouse's 85th birthday. If your spouse is younger than
         age 75, before electing to continue the contract, your spouse should
         consider that he or she could purchase a new contract and elect the
         Greater of 6% (as opposed to 3%) Roll-Up to age 85 or Annual Ratchet to
         age 85 enhanced death benefit at the same cost. He or she could also
         purchase a contract with a "Greater of 6-1/2%" enhanced death benefit
         at an additional cost.

      o  If you elected either the Annual Ratchet to age 85 or the Greater of
         the 6-1/2% (or 6%) Roll-Up to age 85 or Annual Ratchet to age 85
         enhanced death benefit and your surviving spouse is age 76 or over on
         the date of your death, the Guar-


                                                    Payment of death benefit  65





         anteed minimum death benefit and charge will be discontinued. If you
         elected the Greater of the 3% Roll-Up to age 85 or Annual Ratchet to
         age 85 enhanced death benefit and your surviving spouse is 81 or older,
         the Guaranteed minimum death benefit and charge will be discontinued.


      o  If the Guaranteed minimum death benefit continues, the Roll-Up benefit
         base reset, if applicable, will be based on the surviving spouse's age
         at the time of your death. The next available reset will be based on
         the contract issue date or last reset, as applicable.

      o  For single owner contracts with the GWBL Enhanced death benefit, we
         will discontinue the benefit and charge. However, we will freeze the
         GWBL Enhanced death benefit base as of the date of your death (less
         subsequent withdrawals), and pay it upon your spouse's death.

o  The Earnings enhancement benefit will be based on the surviving spouse's age
   at the date of the deceased spouse's death for the remainder of the life of
   the contract. If the benefit had been previously frozen because the older
   spouse had attained age 80, it will be reinstated if the surviving spouse is
   age 75 or younger. The benefit is then frozen on the contract date
   anniversary after the surviving spouse reaches age 80. If the surviving
   spouse is age 76 or older, the benefit and charge will be discontinued.

o  If elected, PGB continues and is based on the same benefit maturity date and
   guaranteed amount that was guaranteed.

o  The Guaranteed minimum income benefit may continue if the benefit had not
   already terminated and the benefit will be based on the surviving spouse's
   age at the date of the deceased spouse's death. See "Guaranteed minimum
   income benefit" in "Contract features and benefits" earlier in this
   Prospectus.

o  If you elect the Guaranteed withdrawal benefit for life on a Joint life
   basis, the benefit and charge will remain in effect and no death benefit is
   payable until the death of the surviving spouse. Withdrawal charges will
   continue to apply to all contributions made prior to the deceased spouse's
   death. No additional contributions will be permitted. If you elect the
   Guaranteed withdrawal benefit for life on a Single life basis, the benefit
   and charge will terminate.

o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant. If the deceased spouse was a joint annuitant, the contract will
   become a single annuitant contract.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o  The Guaranteed minimum death benefit, the Earnings enhancement benefit and
   the Guaranteed minimum income benefit continue to be based on the older
   spouse's age for the life of the contract.

o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant. If the deceased spouse was a joint annuitant, the contract will
   become a single annuitant contract.

o  If a PGB had been elected, the benefit continues and is based on the same
   benefit maturity date and guaranteed amount.

o  If you elect the Guaranteed withdrawal benefit for life, the benefit and
   charge will remain in effect and no death benefit is payable until the death
   of the surviving spouse.

o  The withdrawal charge schedule remains in effect.

If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.


BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VII later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.


BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Earnings enhancement benefit, adjusted for any
subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax

66  Payment of death benefit




information" under "Individual retirement arrangements (IRAs)," the beneficiary
may choose the "5-year rule" option instead of annual payments over life
expectancy. The 5-year rule is always available to beneficiaries under Roth IRA
contracts. If the beneficiary chooses this option, the beneficiary may take
withdrawals as desired, but the entire account value must be fully withdrawn by
December 31st of the calendar year which contains the fifth anniversary of your
death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  The beneficiary replaces the deceased owner as annuitant.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
   the GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum distributions based on
   the remaining life expectancy of the deceased beneficiary or to receive any
   remaining interest in the contract in a lump sum. The option elected will be
   processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. For purposes of this discussion, "beneficiary" refers to
the successor owner. This feature must be elected within 9 months following the
date of your death and before any other inconsistent election is made.
Beneficiaries who do not make a timely election will not be eligible for this
option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o  This feature is only available if the beneficiary is an individual. It is not
   available for any entity such as a trust, even if all of the beneficiaries of
   the trust are individuals.

o  The beneficiary automatically replaces the existing annuitant.

o  The contract continues in your name for the benefit of your beneficiary.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the respective
   beneficiary's own life expectancy, if scheduled payments are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
   the GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

o  If the beneficiary chooses the "5-year rule," withdrawals may be made at any
   time. If the beneficiary instead chooses scheduled payments, the beneficiary
   must also choose between two potential withdrawal options at the time of
   election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
   cannot later withdraw funds in addition to the scheduled payments the
   beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
   "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
   addition to scheduled payments, at any time. However, the scheduled payments
   under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
   payments." See "Taxation of nonqualified annuities" in "Tax Information"
   later in this Prospectus.

o  Any partial withdrawals must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract on the beneficiary's death.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking scheduled payments based on the
   remaining life expectancy of the deceased beneficiary (if scheduled payments
   were chosen) or to receive any remaining interest in the contract in a lump
   sum. We will pay any

                                                    Payment of death benefit  67




   remaining interest in the contract in a lump sum if your beneficiary elects
   the 5-year rule. The option elected will be processed when we receive
   satisfactory proof of death, any required instructions for the method of
   payment and any required information and forms necessary to effect payment.


If the deceased is the owner or older joint owner:

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the Beneficiary
   continuation option feature, we will increase the account value to equal the
   applicable death benefit if such death benefit is greater than such account
   value plus any amount applicable under the Earnings enhancement benefit
   adjusted for any subsequent withdrawals.

o  No withdrawal charges will apply to any withdrawals by the beneficiary.

If the deceased is the younger non-spousal joint owner:

o  The annuity account value will not be reset to the death benefit amount.

o  The contract's withdrawal charge schedule will continue to be applied to any
   withdrawal or surrender other than scheduled payments; the contract's free
   withdrawal amount will continue to apply to withdrawals but does not apply to
   surrenders.

o  We do not impose a withdrawal charge on scheduled payments except if, when
   added to any withdrawals previously taken in the same contract year,
   including for this purpose a contract surrender, the total amount of
   withdrawals and scheduled payments exceed the free withdrawal amount. See the
   "Withdrawal charges" in "Charges and expenses" earlier in this Prospectus.

68  Payment of death benefit




7.  Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) contracts owned by United States
individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.

Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.

BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT

Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code Section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator's(R) choice of death benefits, the
Guaranteed withdrawal benefit for life, the Guaranteed minimum income benefit,
special dollar cost averaging, selection of variable investment options,
guaranteed interest option, fixed maturity options and its choices of payout
options, as well as the features and benefits of other permissible funding
vehicles and the relative costs of annuities and other arrangements. You should
be aware that cost may vary depending on the features and benefits made
available and the charges and expenses of the investment options or funds that
you elect.

Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract. See also Appendix II at the end of this Prospectus for a discussion
of QP contracts.

TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust, or other non-natural person). This provision does not apply to a trust
   which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

                                                             Tax information  69




TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED
WITHDRAWAL BENEFIT FOR LIFE

We treat Guaranteed annual payments and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are taxable to you as
ordinary income if there are earnings in the contract. Generally, earnings are
your account value less your investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable. If you withdraw an amount which
is more than the earnings in the contract as of the date of the withdrawal, the
balance of the distribution is treated as a return of your investment in the
contract and is not taxable. It reduces the investment in the contract.

ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.

EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it
is possible that the IRS could take a contrary position or assert that the
Earnings enhancement benefit rider is not part of the contract. In such a case
the charges for the Earnings enhancement benefit rider could be treated for
federal income tax purposes as a partial withdrawal from the contract. If this
were so, such a deemed withdrawal could be taxable, and for contract owners
under age 59-1/2, also subject to a tax penalty. Were the IRS to take this
position, AXA Equitable would take all reasonable steps to attempt to avoid
this result, which could include amending the contract (with appropriate notice
to you).

Collateral assignments are taxable to the extent of any earnings in the
contract at the time any portion of the contract's value is assigned as
collateral. Therefore, if you assign your contract as collateral for a loan
with a third party after the contract is issued but before the end of the first
contract year, you may have taxable income even though you receive no payments
under the contract. AXA Equitable will report any income attributable to a
collateral assignment on Form 1099-R. Also, if AXA Equitable makes payments or
distributions to the assignee pursuant to directions under the collateral
assignment agreement, any gains in such payments may be taxable to you and
reportable on Form 1099-R even though you do not receive them.

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  the contract that is the source of the funds you are using to purchase the NQ
   contract is another nonqualified deferred annuity contract or life insurance
   or endowment contract.

o  the owner and the annuitant are the same under the source contract and the
   Accumulator(R) NQ contract. If you are using a life insurance or endowment
   contract the owner and the insured must be the same on both sides of the
   exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required
to process this type of an exchange.

Section 1035 exchanges are generally not available after the death of the
owner.

SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH

For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a

70  Tax information




death benefit taken as annuity payments is generally the same as the tax
treatment of annuity payments under your contract.

BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ Contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

o  scheduled payments under the beneficiary continuation option for NQ contracts
   satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
   of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
   2";

o  scheduled payments, any additional withdrawals under "Withdrawal Option 2",
   or contract surrenders under "Withdrawal Option 1" will only be taxable to
   the beneficiary when amounts are actually paid, regardless of the "Withdrawal
   Option" selected by the beneficiary;

o  a beneficiary who irrevocably elects scheduled payments with "Withdrawal
   Option 1" will receive "excludable amount" tax treatment on scheduled
   payments. See "Annuity payments" earlier in this section. If the beneficiary
   elects to surrender the contract before all scheduled payments are paid, the
   amount received upon surrender is a non-annuity payment taxable to the extent
   it exceeds any remaining investment in the contract.


The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).

The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2, a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas. We do not anticipate that
   Guaranteed annual withdrawals made under the Guaranteed withdrawal benefit
   for life's Maximum or Customized payment plan or taken as partial withdrawals
   will qualify for this exception if made before 59-1/2.

INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets funding the account for the benefit of the IRA owner. The assets
typically include mutual funds and/or individual stocks and securities in a
custodial account, and bank certificates of deposit in a trusteed account. In
an individual retirement annuity, an insurance company issues an annuity
contract that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).

                                                             Tax information  71




AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA or Roth IRA. The traditional IRAs we offer
are the Rollover IRA and Flexible Premium IRA. The versions of the Roth IRA
available are the Roth Conversion IRA and Flexible Premium Roth IRA. We also
offer the Inherited IRA for payment of post-death required minimum
distributions from traditional IRAs and Roth IRAs. This Prospectus contains the
information that the IRS requires you to have before you purchase an IRA. The
first section covers some of the special tax rules that apply to traditional
IRAs. The next section covers Roth IRAs. The disclosure generally assumes
direct ownership of the individual retirement annuity contract. For contracts
owned in a custodial individual retirement account, the disclosure will apply
only if you terminate your account or transfer ownership of the contract to
yourself.

We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).

AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of nearly identical prior versions of the Accumulator(R)
traditional and Roth IRA contracts for use as a traditional and Roth IRA,
respectively. It is not clear whether and when any such approval may be
received. We have in the past received IRS opinion letters approving the
respective forms of similar traditional IRA and Roth IRA endorsements for use
as a traditional and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available
under the Accumulator(R) traditional and Roth IRA contracts.

AXA Equitable has also submitted the respective forms of the Accumulator(R)
Inherited IRA beneficiary continuation contract to the IRS for approval as to
form for use as a traditional IRA or Roth IRA, respectively. We do not know if
and when any such approval may be granted.

EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available
under the Accumulator(R) traditional and Roth IRA contracts. You should discuss
with your tax adviser whether you should consider purchasing an Accumulator(R)
IRA or Accumulator(R) Roth IRA with optional Earnings enhancement benefit.

Your right to cancel within a certain number of days

You can cancel any version of the Accumulator(R) IRA contract (traditional IRA
or Roth IRA) by following the directions in "Your right to cancel with a
certain number of days" under "Contract features and benefits" earlier in this
Prospectus. If you cancel a traditional IRA or Roth IRA contract, we may have
to withhold tax, and we must report the transaction to the IRS. A contract
cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)

Contributions to traditional IRAs. Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:

o    "regular" contributions out of earned income or compensation; or

o    tax-free "rollover" contributions; or

o    direct custodian-to-custodian transfers from other traditional
     IRAs ("direct transfers").

Regular contributions to traditional IRAs

Limits on contributions. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000 your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch-up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. "Catch-up" contributions may be
made as described above for spouses who are at least age 50 but under age
70-1/2 at any time during the taxable year for which the contribution is made.

Deductibility of contributions. The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored tax-favored

72  Tax information




retirement plan, as defined under special federal income tax rules. Your Form
W-2 will indicate whether or not you are covered by such a retirement plan.

If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions". That is, for 2007, your fully deductible
contribution can be up to $4,000 ($5,000 for 2008), or if less, your earned
income. The dollar limit is $5,000 for people eligible to make age 50-70-1/2
catch-up contributions for 2007 ($6,000 for 2008).

If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.

Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)

Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)

To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:


                                                 

($10,000-excess AGI)     times    the maximum       Equals   the adjusted
 -------------------       x       regular            =       deductible
 divided by $10,000              contribution                contribution
                                 for the year                   limit


Additional "Saver's Credit" for contributions to a
traditional IRA or Roth IRA

You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax return
and your adjusted gross income cannot exceed $50,000 ($52,000 after cost of
living indexing beginning in 2007). The amount of the tax credit you can get
varies from 10% of your contribution to 50% of your contribution and depends on
your income tax filing status and your adjusted gross income. The maximum
annual contribution eligible for the saver's credit is $2,000. If you and your
spouse file a joint return and each of you qualifies, each is eligible for a
maximum annual contribution of $2,000. Your saver's credit may also be reduced
if you take or have taken a taxable distribution from any plan eligible for a
saver's credit contribution -- even if you make a contribution to one plan and
take the distribution from another plan -- during the "testing period." The
"testing period" begins two years before the year for which you make the
contribution and ends when your tax return is due for the year for which you
make the contribution. Saver's-credit-eligible contributions may be made to a
401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE IRA or
SARSEP IRA, as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 "catch-up" contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.

If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

                                                             Tax information  73




When you can make regular contributions. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o    qualified plans;

o    governmental employer 457(b) plans;

o    TSAs (including Internal Revenue Code Section 403(b)(7) custodial
     accounts); and

o    other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs

Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.

There are two ways to do rollovers:

o    Do it yourself:
     You actually receive a distribution that can be rolled over and you roll it
     over to a traditional IRA within 60 days after the date you receive the
     funds. The distribution from your eligible retirement plan will be net of
     20% mandatory federal income tax withholding. If you want, you can replace
     the withheld funds yourself and roll over the full amount.

o    Direct rollover:
     You tell the trustee or custodian of the eligible retirement plan to send
     the distribution directly to your traditional IRA issuer. Direct rollovers
     are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o    "required minimum distributions" after age 70-1/2 or retirement from
     service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period of 10
     years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    death benefit payments to a beneficiary who is not your surviving spouse;
     or

o    qualified domestic relations order distributions to a beneficiary who is
     not your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan, such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS

The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a

74  Tax information




tax-free basis between spouses or former spouses as a result of a court-ordered
divorce or separation decree.

Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o    regular contributions of more than the maximum regular contribution amount
     for the applicable taxable year; or

o    regular contributions to a traditional IRA made after you reach age 70-1/2;
     or

o    rollover contributions of amounts which are not eligible to be rolled over,
     for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1) the rollover was from an eligible retirement plan to a traditional IRA;

(2) the excess contribution was due to incorrect information that the plan
    provided; and

(3) you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the
end of any year in which you have received a distribution from any traditional
IRA, you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus
all traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o    the amount received is a withdrawal of excess contributions, as described
     under "Excess contributions" earlier in this section; or

o    the entire amount received is rolled over to another traditional IRA or
     other eligible retirement plan which agrees to accept the funds. (See
     "Rollovers from eligible retirement plans other than traditional IRAs"
     under "Rollover and transfer contributions to traditional IRAs" earlier in
     this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax
adviser.

                                                             Tax information  75




Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.

Required minimum distributions

Background on Regulations--Required Minimum Distributions. Distributions must
be made from traditional IRAs according to rules contained in the Code and
Treasury Regulations. Beginning in 2006, certain provisions of the Treasury
Regulations require that the actuarial present value of additional annuity
contract benefits must be added to the dollar amount credited for purposes of
calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income
benefits and enhanced death benefits. This could increase the amount required
to be distributed from these contracts if you take annual withdrawals instead
of annuitizing. Please consult your tax adviser concerning applicability of
these complex rules to your situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum
distribution during the calendar year you actually reach age 70-1/2, or to
delay taking it until the first three-month period in the next calendar year
(January 1 - April 1). Distributions must start no later than your Required
Beginning Date, which is April 1st of the calendar year after the calendar year
in which you turn age 70-1/2. If you choose to delay taking the first annual
minimum distribution, then you will have to take two minimum distributions in
that year -- the delayed one for the first year and the one actually for that
year. Once minimum distributions begin, they must be made at some time each
year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death ben-


76  Tax information




eficiary calculates annual post-death required minimum distribution payments
based on the beneficiary's life expectancy using the "term certain method."
That is, he or she determines his or her life expectancy using the IRS-provided
life expectancy tables as of the calendar year after the owner's death and
reduces that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owners death. No distribution is required before that
fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from
your traditional IRA into his/her own traditional IRA or other eligible
retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Spousal continuation

If the contract is continued under Spousal continuation, no amounts are
required to be paid until after your surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include
distributions:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  used to pay certain extraordinary medical expenses (special federal income
   tax definition); or

o  used to pay medical insurance premiums for unemployed individuals (special
   federal income tax definition); or

o  used to pay certain first-time home buyer expenses (special federal income
   tax definition; $10,000 lifetime total limit for these distributions from all
   your traditional and Roth IRAs); or

o  used to pay certain higher education expenses (special federal income tax
   definition); or

o  in the form of substantially equal periodic payments made at least annually
   over your life (or your life expectancy) or over the joint lives of you and
   your beneficiary (or your joint life expectancies) using an IRS-approved
   distribution method. We do not anticipate that Guaranteed annual payments
   made under the Guaranteed withdrawal benefit for life's Maximum or Customized
   payment plan or taken as partial withdrawals will qualify for this exception
   if made before age 59-1/2.


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments,
using your choice of IRS-approved methods we offer. Although substantially equal
withdrawals and Income Manager(SM) payments are not subject to the 10% penalty
tax, they are taxable as discussed in "Withdrawals, payments and transfers of
funds out of traditional IRAs" earlier in this section. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under


                                                             Tax information  77





either option. Also, it is possible that the IRS could view any additional
withdrawal or payment you take from your contract as changing your pattern of
substantially equal withdrawals or Income Manager(SM) payments for purposes of
determining whether the penalty applies.


Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Roth IRA contract is designed to qualify as a Roth
individual retirement annuity under Sections 408A(b) and 408(b) of the Internal
Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o  regular after-tax contributions out of earnings; or

o  taxable rollover contributions from traditional IRAs ("conversion"
   contributions); or

o  tax-free rollover contributions from other Roth arrangements; or

o  tax-free direct custodian-to-custodian transfers from other Roth IRAs
   ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA or a Flexible Premium Roth IRA contract. If you use the
forms we require, we will also accept traditional IRA funds which are
subsequently recharacterized as Roth IRA funds following special federal income
tax rules.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Regular contributions to Roth IRAs

Limits on regular contributions. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability
to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007, and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):

o  your federal income tax filing status is "married filing jointly" and your
   modified adjusted gross income is over $160,000 (for 2007, $166,000 after
   adjustment); or

o  your federal income tax filing status is "single" and your modified adjusted
   gross income is over $110,000 (for 2007, $114,000 after adjustment).

However, you can make regular Roth IRA contributions in reduced amounts when:

o  your federal income tax filing status is "married filing jointly" and your
   modified adjusted gross income is between $150,000 and $160,000 (for 2007,
   between $156,000 and $166,000 after adjustment); or

o  your federal income tax filing status is "single" and your modified adjusted
   gross income is between $95,000 and $110,000. (for 2007, between $99,000 and
   $114,000 after adjustment).

If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions. Same as traditional IRAs.

Deductibility of contributions. Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian, trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o  another Roth IRA ("tax-free rollover contribution");

o  a "designated Roth contribution account" under a 401(k) plan or a 403(b)
   arrangement;

78  Tax information




o  another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
   rollover limitation period for SIMPLE IRA funds), in a taxable conversion
   rollover ("conversion contribution");

o  you may not make contributions to a Roth IRA from a qualified plan under
   section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
   the Internal Revenue Code or any other eligible retirement plan until 2008.
   You may make rollover contributions from a "designated Roth contribution
   account" under a 401(k) plan or a 403(b) arrangement which permits designated
   Roth elective deferral contributions to be made, beginning in 2006.

You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
computed without the gross income stemming from the traditional IRA conversion.
Modified adjusted gross income for this purpose excludes any lifetime required
minimum distribution from a traditional IRA.) You also cannot make conversion
contributions to a Roth IRA for any taxable year in which your federal income
tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the tradi-


Tax information  79




tional IRA, is treated as a contribution to the Roth IRA in the year of the
distribution from the traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to the special favorable ten-year averaging and long-term capital gain
treatment available in limited cases to certain distributions from qualified
plans.

The following distributions from Roth IRAs are free of income tax:

o  rollovers from a Roth IRA to another Roth IRA;

o  direct transfers from a Roth IRA to another Roth IRA;

o  qualified distributions from a Roth IRA; and

o  return of excess contributions or amounts recharacterized to a traditional
   IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o  you are age 59-1/2; or older or

o  you die; or

o  you become disabled (special federal income tax definition); or

o  your distribution is a "qualified first-time homebuyer distribution" (special
   federal income tax definition; $10,000 lifetime total limit for these
   distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally, total
     conversions from the earliest year first). These conversion contributions
     are taken into account as follows:

     (a)  Taxable portion (the amount required to be included in gross income
          because of conversion) first, and then the

     (b)  Nontaxable portion.

(3)  Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped and added together as follows:

(1)  All distributions made during the year from all Roth IRAs you maintain --
     with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contributions made
     after the close of the year, but before the due date of your return) are
     added together. This total is added to the total undistributed regular
     contributions made in prior years.

(3)  All conversion contributions made during the year are added together. For
     purposes of the ordering rules, in the case of any conversion in which the
     conversion distribution is made in 2007 and the conversion contribution is
     made in 2008, the conversion contribution is treated as contributed prior
     to other conversion contributions made in 2008.

Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

80  Tax information




Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally, there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Internal
Revenue Code or a custodial account that invests only in mutual funds and which
is treated as an annuity contract under Section 403(b)(7) of the Code. Both
types of 403(b) arrangements qualify for tax deferral.

Earnings enhancement benefit

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could affect the tax qualification of the TSA and could be taxable. Were the
IRS to take any adverse position, AXA Equitable would take all reasonable steps
to attempt to avoid any adverse result, which would include amending the
contract (with appropriate notice to you). You should discuss with your tax
adviser whether you should consider purchasing an Accumulator(R) Rollover TSA
contract with the optional Earnings enhancement benefit.

Contributions to TSAs

There are two ways you can make contributions to establish this Accumulator(R)
Rollover TSA contract:

o    a full or partial direct transfer of assets ("direct transfer") from
     another contract or arrangement that meets the requirements of Section
     403(b) of the Internal Revenue Code by means of IRS Revenue Ruling 90-24;
     or

o    a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax funds in the Rollover TSA. We do not accept
"designated Roth contributions" rolled over from a 401(k) plan or a 403(b)
arrangement or directly transferred from another 403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Rollover TSA contract does
not accept employer-remitted contributions. However, we provide the following
discussion as part of our description of restrictions on the distribution of
funds directly transferred, which include employer-remitted contributions to
other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contribu-

                                                             Tax information  81




tions as "designated Roth contributions" to the 403(b) arrangement which are
made on an after-tax basis. However, a TSA can also be wholly or partially
funded through nonelective employer contributions or other after-tax employee
contributions. Amounts attributable to salary reduction contributions to TSAs
are generally subject to withdrawal restrictions. Also, all amounts
attributable to investments in a 403(b)(7) custodial account are subject to
withdrawal restrictions discussed below.

Rollover or direct transfer contributions. Once you establish your Rollover TSA
contract with 403(b)-source funds, you may make subsequent rollover
contributions to your Rollover TSA contract from these sources: qualified
plans, governmental employer 457(b) plans and traditional IRAs, as well as
other TSAs and 403(b) arrangements. All rollover contributions must be pre-tax
funds only with appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o    termination of employment with the employer who provided the
     funds for the plan; or

o    reaching age 59-1/2 even if you are still employed; or

o    disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o    you give us acceptable written documentation as to the source of the funds,
     and

o    the Accumulator(R) contract receiving the funds has provisions at least as
     restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Rollover TSA contract, you may
have to obtain your employer's authorization or demonstrate that you do not
need employer authorization. For example, the transferring TSA may be subject
to Title I of ERISA, if the employer makes matching contributions to salary
reduction contributions made by employees. In that case, the employer must
continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Rollover TSA must be net of the
required minimum distribution for the tax year in which we issue the contract
if:

o    you are or will be at least age 70-1/2 in the current calendar year, and

o    you have retired from service with the employer who provided the funds to
     purchase the TSA you are transferring or rolling over to the Accumulator(R)
     Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o    rollover by check of the proceeds from another TSA or eligible retirement
     plan; or

o    direct rollover from another TSA or eligible retirement plan; or

o    direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General. Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

Withdrawal restrictions. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o    you are severed from employment with the employer who provided the funds
     to purchase the TSA you are transferring to the Accumulator(R) Rollover
     TSA; or

o    you reach age 59-1/2; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us

82  Tax information




in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity Payments.  Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL")" in "Contract
features and benefits" earlier in this Prospectus, as well as GMIB and other
annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment
in the contract is recovered is fully taxable. If you (and your beneficiary
under a joint and survivor annuity) die before recovering the full investment
in the contract, a deduction is allowed on your (or your beneficiary's) final
tax return.

Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Loans from TSAs. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o    The amount of a loan to a participant, when combined with all other loans
     to the participant from all qualified plans of the employer, cannot exceed
     the lesser of:

     (1) the greater of $10,000 or 50% of the participant's nonforfeitable
         accrued benefits; and

     (2) $50,000 reduced by the excess (if any) of the highest out standing
        loan balance over the previous twelve months over the outstanding loan
        balance of plan loans on the date the loan was made.


o    In general, the term of the loan cannot exceed five years unless the loan
     is used to acquire the participant's primary residence. Accumulator(R)
     Rollover TSA contracts have a term limit of 10 years for loans used to
     acquire the participant's primary residence.

o    All principal and interest must be amortized in substantially level
     payments over the term of the loan, with payments being made at least
     quarterly. In very limited circumstances, the repayment obligation may be
     temporarily suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o    the loan does not qualify under the conditions above;

o    the participant fails to repay the interest or principal when due; or

o    in some instances, the participant separates from service with the employer
     who provided the funds or the plan is terminated.

In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same

                                                             Tax information  83




employer, a defaulted loan which has not been fully repaid is treated as still
outstanding, even after the default is reported to the IRS on Form 1099-R. The
amount treated as still outstanding (which limits subsequent loans) includes
interest accruing on the unpaid balance.

See Appendix VII later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.

Tax-deferred rollovers and direct transfers.  You may roll over an "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.

You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non-spousal death beneficiary may also
be able to make rollover contributions to an individual retirement plan under
certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution.  The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may be able to delay the start of required minimum
distributions for all or part of your account balance until after age 70-1/2,
as follows:

o    For TSA participants who have not retired from service with the employer
     who provided the funds for the TSA by the calendar year the participant
     turns age 70-1/2, the required beginning date for minimum distributions is
     extended to April 1 following the calendar year of retirement.

o    TSA plan participants may also delay the start of required mini mum
     distributions to age 75 of the portion of their account value attributable
     to their December 31, 1986, TSA account balance, even if retired at age
     70-1/2. We will know whether or not you qualify for this exception because
     it will only apply to people who establish their Accumulator(R) Rollover
     TSA by direct Revenue Ruling 90-24 transfers. If you do not give us the
     amount of your December 31, 1986, account balance that is being transferred
     to the Accumulator(R) Rollover TSA on the form used to establish the TSA,
     you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Rollover TSA
by direct Revenue Ruling 90-24 transfer. Your employer will tell us on the form
used to establish the TSA whether or not you need to get spousal consent for
loans, withdrawals or other distributions. If you do, you will need such
consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to
any income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition); or

o    to pay for certain extraordinary medical expenses (special federal
     income tax definition); or

o    in any form of payout after you have separated from service (only if the
     separation occurs during or after the calendar year you reach age 55); or

o    in a payout in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy), or over the joint
     lives of you and your beneficiary (or your joint life expectancies) using
     an IRS-approved distribution method (only after you have separated from
     service at any age). We do not anticipate that Guaranteed annual payments
     made under the

84  Tax information




     Guaranteed withdrawal benefit for life's Maximum or Customized payment
     plan or taken as partial withdrawals will qualify for this exception if
     made before age 59-1/2.

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o    We might have to withhold and/or report on amounts we pay under a free look
     or cancellation.

o    We are generally required to withhold on conversion rollovers of
     traditional IRAs to Roth IRAs, as it is considered a withdrawal from the
     traditional IRA and is taxable.

o    We are required to withhold on the gross amount of a distribution from a
     Roth IRA to the extent it is reasonable for us to believe that a
     distribution is includable in your gross income. This may result in tax
     being withheld even though the Roth IRA distribution is ultimately not
     taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However, we may require additional documentation in the case of
payments made to non-United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.

Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at any time.

Federal income tax withholding on non-periodic annuity
payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan
distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o    any distributions which are required minimum distributions after age 70-1/2
     or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for your life
     (or life expectancy) or the joint lives (or joint life expectancies) of you
     and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period of 10
     years or more; or

o    hardship withdrawals; or


                                                             Tax information  85




o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    a death benefit payment to a beneficiary who is not your surviving spouse;
     or

o    a qualified domestic relations order distribution to a beneficiary who is
     not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

86  Tax information




8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account No. 49 operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although Separate Account No. 49 is registered, the SEC does
not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from, the Separate Account, or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate the Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against the Separate Account or
     a variable investment option directly);

(5)  to deregister the Separate Account under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Account;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in the respective SAIs, which are available upon
request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:





- ------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th          Rate to            Price
  Maturity Date of     Maturity as of      Per $100 of
   Maturity Year     February 15, 2007   Maturity Value
- ------------------------------------------------------------
                                   
        2008         3.30%               $ 96.81
        2009         3.34%               $ 93.63
        2010         3.39%               $ 90.47
        2011         3.48%               $ 87.20
        2012         3.58%               $ 83.86
        2013         3.65%               $ 80.63
        2014         3.72%               $ 77.42
        2015         3.76%               $ 74.42
- ------------------------------------------------------------



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- ------------------------------------------------------------
 Fixed Maturity
   Options with
   February 15th          Rate to            Price
 Maturity Date of      Maturity as of      Per $100 of
  Maturity Year      February 15, 2007   Maturity Value
- ------------------------------------------------------------
                                      
      2016                 3.84%            $ 71.22
      2017                 3.89%            $ 68.25
- ------------------------------------------------------------



HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT

We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.

(1)  We determine the market adjusted amount on the date of the withdrawal as
     follows:

     (a)  We determine the fixed maturity amount that would be payable on the
          maturity date, using the rate to maturity for the fixed maturity
          option.

     (b)  We determine the period remaining in your fixed maturity option (based
          on the withdrawal date) and convert it to fractional years based on a
          365-day year. For example, three years and 12 days becomes 3.0329.

     (c)  We determine the current rate to maturity for your FMO based on the
          rate for a new FMO issued on the same date and having the same
          maturity date as your FMO; if the same maturity date is not available
          for new FMOs, we determine a rate that is between the rates for new
          FMO maturities that immediately precede and immediately follow your
          FMO's maturity date.

     (d)  We determine the present value of the fixed maturity amount payable at
          the maturity date, using the period determined in (b) and the rate
          determined in (c).

(2)  We determine the fixed maturity amount as of the current date.

(3)  We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined by using a widely published index. We reserve the right to add up to
0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and the fixed
maturity options and the account for special dollar cost averaging, as well as
our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940. The market value adjustment interests under the contracts, which are
held in a separate account, are issued by AXA Equitable and are registered
under the Securities Act of 1933. The contract is a "covered security" under
the federal securities laws.

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We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have its signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ, ROLLOVER IRA, ROTH CONVERSION IRA,
FLEXIBLE PREMIUM IRA AND FLEXIBLE PREMIUM ROTH IRA CONTRACTS ONLY

You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ, Rollover IRA, Roth Conversion IRA, Flexible Premium IRA or Flexible
Premium Roth IRA contract on a monthly or quarterly basis. AIP is not available
for QP, Inherited IRA beneficiary continuation (traditional IRA or Roth IRA) or
Rollover TSA contracts. Please see Appendix VII later in this Prospectus to see
if the automatic investment program is available in your state.

For NQ, Rollover IRA and Roth Conversion IRA contracts, the minimum amounts we
will deduct are $100 monthly and $300 quarterly. For Flexible Premium IRA and
Flexible Premium Roth IRA contracts, the minimum amount we will deduct is $50.
Under the IRA contracts, these amounts are subject to the tax maximums. AIP
additional contributions may be allocated to any of the variable investment
options, the guaranteed interest option and available fixed maturity options,
but not the account for special dollar cost averaging. You choose the day of
the month you wish to have your account debited. However, you may not choose a
date later than the 28th day of the month.

For contracts with GWBL, AIP will be automatically terminated after the later
of: (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end of the first six months.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o  If your contribution, transfer, or any other transaction request, containing
   all the required information, reaches us on a non-business day or after 4:00
   p.m. on a business day, we will use the next business day.

o  A loan request under your Rollover TSA contract will be processed on the
   first business day of the month following the date on which the properly
   completed loan request form is received.

o  If your transaction is set to occur on the same day of the month as the
   contract date and that date is the 29th, 30th or 31st of the month, then the
   transaction will occur on the 1st day of the next month.

o  When a charge is to be deducted on a contract date anniversary that is a
   non-business day, we will deduct the charge on the next business day.

o  If we have entered into an agreement with your broker-dealer for automated
   processing of contributions upon receipt of customer

                                                            More information  89




   order, your contribution will be considered received at the time your
   broker-dealer receives your contribution and all information needed to
   process your application, along with any required documents, and transmits
   your order to us in accordance with our processing procedures. Such
   arrangements may apply to initial contributions, subsequent contributions, or
   both, and may be commenced or terminated at any time without prior notice. If
   required by law, the "closing time" for such orders will be earlier than 4:00
   p.m., Eastern Time.

CONTRIBUTIONS AND TRANSFERS

o  Contributions allocated to the variable investment options are invested at
   the unit value next determined after the receipt of the contribution.

o  Contributions allocated to the guaranteed interest option will receive the
   crediting rate in effect on that business day for the specified time period.

o  Contributions allocated to a fixed maturity option will receive the rate to
   maturity in effect for that fixed maturity option on that business day
   (unless a rate lock-in is applicable).

o  Initial contributions allocated to the account for special dollar cost
   averaging receive the interest rate in effect on that business day. At
   certain times, we may offer the opportunity to lock in the interest rate for
   an initial contribution to be received under Section 1035 exchanges and
   trustee to trustee transfers. Your financial professional can provide
   information or you can call our processing office.

o  Transfers to or from variable investment options will be made at the unit
   value next determined after the receipt of the transfer request.

o  Transfers to a fixed maturity option will be based on the rate to maturity in
   effect for that fixed maturity option on the business day of the transfer.

o  Transfers to the guaranteed interest option will receive the crediting rate
   in effect on that business day for the specified time period.

o  For the interest sweep option, the first monthly transfer will occur on the
   last business day of the month following the month that we receive your
   election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of shares of the Trusts, we have the right to vote on certain
matters involving the portfolios, such as:

o  the election of trustees;

o  the formal approval of independent public accounting firms selected for each
   Trust; or

o  any other matters described in each prospectus for the Trusts or requiring a
   shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's annuity and/or variable life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.

CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.

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TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
notification of any change at our processing office.

In certain circumstances, you may collaterally assign all or a portion of the
value of your NQ contract as security for a loan with a third party lender. The
terms of the assignment are subject to our approval. The amount of the
assignment may never exceed your account value on the day prior to the date we
receive all necessary paperwork to effect the assignment. Only one assignment
per contract is permitted, and any such assignment must be made prior to the
first contract date anniversary. You must indicate that you have not purchased,
and will not purchase, any other AXA Equitable (or affiliate's) NQ deferred
annuity contract in the same calendar year that you purchase this contract.

A collateral assignment does not terminate your benefits under the contract.
However, all withdrawals, distributions and benefit payments, as well as the
exercise of any benefits, are subject to the assignee's prior approval and
payment directions. We will follow such directions until AXA Equitable receives
written notification satisfactory to us that the assignment has been
terminated. If the owner or beneficiary fails to provide timely notification of
the termination, it is possible that we could pay the assignee more than the
amount of the assignment, or continue paying the assignee pursuant to existing
directions after the collateral assignment has in fact been terminated. Our
payment of any death benefit to the beneficiary will also be subject to the
terms of the assignment until we receive written notification satisfactory to
us that the assignment has been terminated.

If you elected the Guaranteed minimum death benefit, Guaranteed minimum income
benefit, the Earnings enhancement benefit, a PGB, and/or the Guaranteed
withdrawal benefit for life ("Benefit"), generally the Benefit will
automatically terminate if you change ownership of the contract or if you
assign the owner's right to change the beneficiary or person to whom annuity
payments will be made.

The Benefit will not terminate if the ownership of the contract is transferred
from a non-natural owner to an individual but the contract will continue to be
based on the annuitant's life. The Benefit will also not terminate if you
transfer your individually-owned contract to a trust held for your (or your and
your immediate family's) benefit; the Benefit will continue to be based on your
life. If you were not the annuitant under the individually-owned contract, you
will become the annuitant under the new contract. Please speak with your
financial professional for further information.

See Appendix VII later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.

In some cases, an assignment or change of ownership may have adverse tax
consequences. See "Tax information" earlier in this Prospectus. Loans are not
available under your NQ contract.

You cannot assign or transfer ownership of an IRA, QP or Rollover TSA contract
except by surrender to us. If your individual retirement annuity contract is
held in your custodial individual retirement account, you may only assign or
transfer ownership of such an IRA contract to yourself. Loans are not available
and you cannot assign IRA and QP contracts as security for a loan or other
obligation. If the employer that provided the funds does not restrict them,
loans are available under a Rollover TSA contract.

For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your IRA, QP or Rollover TSA
contract to another similar arrangement under federal income tax rules. In the
case of such a transfer, which involves a surrender of your contract, we will
impose a withdrawal charge, if one applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution--


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based compensation received from AXA Equitable on the sale of a contract to the
AXA Advisors financial professional and/or Selling broker-dealer making the
sale. In some instances, a financial professional or Selling broker-dealer may
elect to receive reduced contribution-based compensation on a contract in
combination with ongoing annual compensation of up to 0.60% of the account
value of the contract sold ("asset-based compensation"). Total compensation
paid to a financial professional or a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) on a company and/or product
list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the


92  More information





Distributors will not result in any separate charge to you under your contract.
All payments made will be in compliance with all applicable NASD rules and
other laws and regulations.


                                                            More information  93




9. Incorporation of certain documents by reference

- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005, and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.


Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.


We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


94  Incorporation of certain documents by reference





Appendix I: Condensed financial information


- --------------------------------------------------------------------------------


The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.30%.





    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION
- --------------------------------------------------------------------------------
                                                 For the year ended December 31,
                                      ------------------------------------------
                                                         2006
- --------------------------------------------------------------------------------
                                                      
 AXA Aggressive Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  13.91
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                       4,973
- --------------------------------------------------------------------------------
 AXA Conservative Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  11.46
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         590
- --------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  12.12
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                       1,414
- --------------------------------------------------------------------------------
 AXA Moderate Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  12.65
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                       8,363
- --------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- --------------------------------------------------------------------------------
  Unit value                                             $  14.01
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                      17,150
- --------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- --------------------------------------------------------------------------------
  Unit value                                             $  12.96
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                          94
- --------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  10.76
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         333
- --------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- --------------------------------------------------------------------------------
  Unit value                                             $  12.84
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         177
- --------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- --------------------------------------------------------------------------------
  Unit value                                             $  12.44
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         448
- --------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- --------------------------------------------------------------------------------
  Unit value                                             $  18.43
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         386
- --------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- --------------------------------------------------------------------------------
  Unit value                                             $  13.53
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                          62
- --------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  11.54
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         176
- --------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $  15.57
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         264
- --------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  13.44
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         212
- --------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-1







    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)
- --------------------------------------------------------------------------------
                                                 For the year ended December 31,
                                      ------------------------------------------
                                                         2006
- --------------------------------------------------------------------------------
                                                      
 AXA Premier VIP Mid Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 15.00
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        224
- --------------------------------------------------------------------------------
 AXA Premier VIP Technology
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.42
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        112
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.65
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        869
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.27
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         63
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- --------------------------------------------------------------------------------
  Unit value                                             $ 18.04
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        800
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.31
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        180
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.73
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        364
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.29
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        213
- --------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 15.23
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                      1,142
- --------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.37
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        124
- --------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.05
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        160
- --------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- --------------------------------------------------------------------------------
  Unit value                                             $  2.77
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        989
- --------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.94
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        101
- --------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.90
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        604
- --------------------------------------------------------------------------------
 EQ/Capital Guardian International
- --------------------------------------------------------------------------------
  Unit value                                             $ 17.03
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        625
- --------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.57
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        276
- --------------------------------------------------------------------------------



A-2 Appendix I: Condensed financial information








    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)
- --------------------------------------------------------------------------------
                                                 For the year ended December 31,
                                      ------------------------------------------
                                                                2006
- --------------------------------------------------------------------------------
                                     
 EQ/Caywood-Scholl High Yield Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  3.35
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        966
- --------------------------------------------------------------------------------
 EQ/Davis New York Venture
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.85
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        406
- --------------------------------------------------------------------------------
 EQ/Equity 500 Index
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.65
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        553
- --------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  9.95
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        316
- --------------------------------------------------------------------------------
 EQ/Evergreen Omega
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.09
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         81
- --------------------------------------------------------------------------------
 EQ/FI Mid Cap
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.99
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        587
- --------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 15.64
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        506
- --------------------------------------------------------------------------------
 EQ/Franklin Income
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.43
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        828
- --------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.82
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        123
- --------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.43
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        231
- --------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 43.04
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        156
- --------------------------------------------------------------------------------
 EQ/International Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  6.33
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        363
- --------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.84
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                      1,106
- --------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.59
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        104
- --------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.22
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        314
- --------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-3







    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)
- --------------------------------------------------------------------------------
                                                 For the year ended December 31,
                                      ------------------------------------------
                                                         2006
- --------------------------------------------------------------------------------
                                                      
 EQ/Long Term Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  7.67
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        249
- --------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.32
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        291
- --------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.83
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         92
- --------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 12.50
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        408
- --------------------------------------------------------------------------------
 EQ/Marsico Focus
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.60
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                      1,416
- --------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.42
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        385
- --------------------------------------------------------------------------------
 EQ/Mercury International Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 18.04
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        590
- --------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.00
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         58
- --------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.69
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         37
- --------------------------------------------------------------------------------
 EQ/Money Market
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.24
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        702
- --------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  1.98
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        449
- --------------------------------------------------------------------------------
 EQ/Mutual Shares
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.71
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        666
- --------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.10
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        158
- --------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Cap
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.10
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         96
- --------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.93
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                         35
- --------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- --------------------------------------------------------------------------------
  Unit value                                             $  8.59
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        841
- --------------------------------------------------------------------------------
 EQ/Short Duration Bond
- --------------------------------------------------------------------------------
  Unit value                                             $  9.87
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        111
- --------------------------------------------------------------------------------



A-4 Appendix I: Condensed financial information







    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)
- --------------------------------------------------------------------------------
                                                 For the year ended December 31,
                                      ------------------------------------------
                                                         2006
- --------------------------------------------------------------------------------
                                                      
- --------------------------------------------------------------------------------
 EQ/Small Cap Value
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.93
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        327
- --------------------------------------------------------------------------------
 EQ/Small Company Growth
- --------------------------------------------------------------------------------
  Unit value                                             $  5.09
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        574
- --------------------------------------------------------------------------------
 EQ/Small Company Index
- --------------------------------------------------------------------------------
  Unit value                                             $ 14.85
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        370
- --------------------------------------------------------------------------------
 EQ/TCW Equity
- --------------------------------------------------------------------------------
  Unit value                                             $  6.37
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        154
- --------------------------------------------------------------------------------
 EQ/Templeton Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 10.76
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        526
- --------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- --------------------------------------------------------------------------------
  Unit value                                             $  2.47
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        473
- --------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- --------------------------------------------------------------------------------
  Unit value                                             $ 11.93
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        664
- --------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- --------------------------------------------------------------------------------
  Unit value                                             $ 24.80
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        625
- --------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- --------------------------------------------------------------------------------
  Unit value                                             $ 13.35
- --------------------------------------------------------------------------------
  Number of units outstanding (000's)                        298
- --------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-5




Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an Accumulator(R) QP contract
should discuss with their tax advisors whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether
the plan provisions permit the investment of plan assets in the QP contract,
the distribution of such an annuity, the purchase of the Guaranteed minimum
income benefit and other guaranteed benefits, and the payment of death benefits
in accordance with the requirements of the federal income tax rules. The QP
contract and this Prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Accumulator(R) QP
contract or another annuity contract. Therefore, you should purchase an
Accumulator(R) QP contract to fund a plan for the contract's features and
benefits other than tax deferral, after considering the relative costs and
benefits of annuity contracts and other types of arrangements and funding
vehicles. This QP contract accepts only transfer contributions from other
investments within an existing qualified plan trust. We will not accept ongoing
payroll contributions or contributions directly from the employer. For 401(k)
plans, no employee after-tax contributions are accepted. A "designated Roth
contribution account" is not available in the QP contract. Checks written on
accounts held in the name of the employer instead of the plan or the trustee
will not be accepted. Only one additional transfer contribution may be made per
contract year.


If amounts attributable to an excess or mistaken contribution must be
withdrawn, a withdrawal charge and/or market value adjustment may apply. If in
a defined benefit plan, the plan's actuary determines that an overfunding in
the QP contract has occurred, then any transfers of plan assets out of the QP
contract may result in the assessment of a withdrawal charge or a market value
adjustment on the amount being transferred.

For defined benefit plans, the maximum percentage of actuarial value of the
plan participant's normal retirement benefit that can be funded by a QP
contract is 80%. The account value under a QP contract may at any time be more
or less than the lump sum actuarial equivalent of the accrued benefit for a
defined benefit plan participant. AXA Equitable does not guarantee that the
account value under a QP contract will at any time equal the actuarial value of
80% of a participant/employee's accrued benefit.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for annuitants after age 70-1/2, trustees should consider that:

o  the QP contract may not be an appropriate purchase for participants
   approaching or over age 70-1/2;

o  provisions in the Treasury Regulations on required minimum distributions
   require that the actuarial present value of additional annuity contract
   benefits be added to the dollar amount credited for purposes of calculating
   required minimum distributions. This could increase the amounts required to
   be distributed;

o  the Guaranteed minimum income benefit may not be an appropriate feature for
   participants who are older than age 60-1/2 when the contract is issued; and

o  if the Guaranteed minimum income benefit is automatically exercised as a
   result of the no lapse guarantee, payments will be made to the trustee.

Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisers whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.

B-1 Appendix II: Purchase considerations for QP contracts




Appendix III: Market value adjustment example

- --------------------------------------------------------------------------------

The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)



- --------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                        --------------------------------
                                                                                    5.00%        9.00%
- --------------------------------------------------------------------------------------------------------
                                                                                     
 As of February 15, 2011 before withdrawal
- --------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- --------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- --------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- --------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- --------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                               $  3,637     $ (3,847)
- --------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- --------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- --------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- --------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287


You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:


                                                                                    
 (a)      Number of days from the withdrawal date to the maturity date = D = 1,461


 (b)      Market adjusted amount is based on the following calculation:

          Maturity value                              $       171,882
          ________________                  =         ________________                    where j is either 5% or 9%
          (1+j)(D/365)                                (1+j)(1,461/365)


 (c)      Fixed maturity amount is based on the following calculation:

          Maturity value                              $         171,882
          ________________                  =         ___________________
          (1+h)(D/365)                                (1+0.07)(1,461/365)


 (d)      Maturity value is based on the following calculation:

          Fixed maturity amount                       $84,741 or $77,257
          ________________                  =         ___________________
          (1+h)(D/365)                                (1+0.07)(1,461/365)



                               Appendix III: Market value adjustment example C-1




Appendix IV: Enhanced death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.

The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/Money Market, the guaranteed interest option or the fixed maturity
options), no additional contributions, no transfers, no withdrawals and no
loans under a Rollover TSA contract, the enhanced death benefit for an owner
age 45 would be calculated as follows:




- ------------------------------------------------------------------------------------------------------------------------------------
  End of
 contract                      6-1/2% Roll-Up to age 85     6% Roll-Up to age 85    Annual Ratchet to age 85      GWBL Enhanced
   year       Account value     enhanced death benefit     enhanced death benefit     enhanced death benefit      death benefit
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                  
     1          $105,000            $  106,500 (4)            $  106,000 (6)             $  105,000 (1)          $  105,000 (7)
- ------------------------------------------------------------------------------------------------------------------------------------
     2          $115,500            $  113,423 (3)            $  112,360 (5)             $  115,500 (1)          $  115,500 (7)
- ------------------------------------------------------------------------------------------------------------------------------------
     3          $129,360            $  120,795 (3)            $  119,102 (5)             $  129,360 (1)          $  129,360 (7)
- ------------------------------------------------------------------------------------------------------------------------------------
     4          $103,488            $  128,647 (4)            $  126,248 (6)             $  129,360 (2)          $  135,828 (8)
- ------------------------------------------------------------------------------------------------------------------------------------
     5          $113,837            $  137,009 (4)            $  133,823 (6)             $  129,360 (2)          $  142,296 (8)
- ------------------------------------------------------------------------------------------------------------------------------------
     6          $127,497            $  145,914 (4)            $  141,852 (6)             $  129,360 (2)          $  148,764 (8)
- ------------------------------------------------------------------------------------------------------------------------------------
     7          $127,497            $  155,399 (4)            $  150,363 (6)             $  129,360 (2)          $  155,232 (8)
- ------------------------------------------------------------------------------------------------------------------------------------



The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.

ANNUAL RATCHET TO AGE 85

(1) At the end of contract years 1 through 3, the enhanced death benefit is the
    current account value.

(2) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to or
    higher than the current account value.


GREATER OF 6-1/2% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85


The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6-1/2% Roll-Up to age 85 or the Annual
Ratchet to age 85.


(3) At the end of contract years 2 and 3, the death benefit will be the current
    account value.

(4) At the end of contract years 1 and 4 through 7, the death benefit will be
    the enhanced death benefit.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85


The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.


(5) At the end of contract years 2 and 3, the death benefit will be the current
    account value.

(6) At the end of contract years 1 and 4 through 7, the death benefit will be
    the enhanced death benefit.


GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.

(7) At the end of contract years 1 through 3, the death benefit is the current
    account value.

(8) At the end of contract years 4 through 7, the death benefit is the enhanced
    death benefit.

D-1 Appendix IV: Enhanced death benefit example




Appendix V: Hypothetical illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
                                   BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6-1/2% Roll-Up to age 85 or the Annual Ratchet to
age 85" enhanced death benefit, the Earnings enhancement benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) contract. The table illustrates the operation of a contract
based on a male, issue age 60, who makes a single $100,000 contribution and
takes no withdrawals. The amounts shown are for the beginning of each contract
year and assume that all of the account value is invested in portfolios that
achieve investment returns at constant gross annual rates of 0% and 6% (i.e.,
before any investment management fees, 12b-1 fees or other expenses are
deducted from the underlying portfolio assets). After the deduction of the
arithmetic average of the investment management fees, 12b-1 fees and other
expenses of all of the underlying Portfolios (as described below), the
corresponding net annual rates of return would be (2.61)% and 3.39% for the
Accumulator(R) contract, at the 0% and 6% gross annual rates, respectively.
These net annual rates of return reflect the trust and separate account level
charges, but they do not reflect the charges we deduct from your account value
annually for the enhanced death benefit, the Earnings enhancement benefit, and
the Guaranteed minimum income benefit features, as well as the annual
administrative charge. If the net annual rates of return did reflect these
charges, the net annual rates of return shown would be lower; however, the
values shown in the following tables reflect the following contract charges:
the "Greater of 6-1/2% Roll-Up to age 85 or Annual Ratchet to age 85" enhanced
death benefit charge, the Earnings enhancement benefit charge, the Guaranteed
minimum income benefit charge and any applicable administrative charge and
withdrawal charge. The values shown under "Lifetime annual guaranteed minimum
income benefit" reflect the lifetime income that would be guaranteed if the
Guaranteed minimum income benefit is selected at that contract date
anniversary. An "N/A" in these columns indicates that the benefit is not
exercisable in that year. A "0" under any of the death benefit and/or "Lifetime
annual guaranteed minimum income benefit" columns indicates that the contract
has terminated due to insufficient account value. However, the Guaranteed
minimum income benefit has been automatically exercised, and the owner is
receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.38% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

                                      Appendix V: Hypothetical illustrations E-1





Variable deferred annuity
Accumulator(R)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6-1/2% Roll-Up to age 85 or Annual Ratchet to age 85 Guaranteed
  minimum death benefit
  Earnings enhancement benefit


Guaranteed minimum income benefit




                                                        Greater of 6-1/2%
                                                         Roll-Up to age                                 Lifetime Annual
                                                          85 or Annual                         Guaranteed Minimum Income Benefit
                                                         Ratchet to age                        ----------------------------------
                                                          85 Guaranteed    Total Death Benefit
                                                          Minimum Death     with the Earnings     Guaranteed       Hypothetical
                   Account Value        Cash Value           Benefit       enhancement benefit      Income            Income
       Contract ------------------- ------------------ ------------------- ------------------- ----------------- ----------------
 Age     Year       0%        6%       0%        6%        0%        6%        0%        6%       0%       6%       0%       6%
- ----- --------- --------- --------- -------- --------- --------- --------- --------- --------- -------- -------- -------- -------
                                                                                   
 60        1     100,000   100,000   93,000    93,000   100,000  100,000    100,000  100,000      N/A     N/A       N/A     N/A
 61        2      95,345   101,324   88,345    94,324   106,500  106,500    109,100  109,100      N/A     N/A       N/A     N/A
 62        3      90,717   102,578   84,717    96,578   113,423  113,423    118,792  118,792      N/A     N/A       N/A     N/A
 63        4      86,107   103,751   80,107    97,751   120,795  120,795    129,113  129,113      N/A     N/A       N/A     N/A
 64        5      81,508   104,834   76,508    99,834   128,647  128,647    140,105  140,105      N/A     N/A       N/A     N/A
 65        6      76,911   105,817   73,911   102,817   137,009  137,009    151,812  151,812      N/A     N/A       N/A     N/A
 66        7      72,306   106,686   71,306   105,686   145,914  145,914    164,280  164,280      N/A     N/A       N/A     N/A
 67        8      67,686   107,431   67,686   107,431   155,399  155,399    177,558  177,558      N/A     N/A       N/A     N/A
 68        9      63,041   108,036   63,041   108,036   165,500  165,500    191,699  191,699      N/A     N/A       N/A     N/A
 69       10      58,361   108,487   58,361   108,487   176,257  176,257    206,760  206,760      N/A     N/A       N/A     N/A
 74       15      33,975   107,838   33,975   107,838   241,487  241,487    298,082  298,082    14,441  14,441    14,441  14,441
 79       20       6,938   100,387    6,938   100,387   330,859  330,859    423,202  423,202    22,168  22,168    22,168  22,168
 84       25           0    82,559        0    82,559         0  453,305          0  554,251         0  36,264         0  36,264
 89       30           0    70,972        0    70,972         0  482,770          0  583,716      N/A     N/A       N/A     N/A
 94       35           0    61,872        0    61,872         0  482,770          0  583,716      N/A     N/A       N/A     N/A
 95       36           0    59,883        0    59,883         0  482,770          0  583,716      N/A     N/A       N/A     N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a policy would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual policy years. We can make no representation that these hypothetical
investment results can be achieved for any one year or continued over any
period of time. In fact, for any given period of time, the investment results
could be negative.

E-2 Appendix V: Hypothetical illustrations




Appendix VI: Earnings enhancement benefit example

- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes the
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:



    -------------------------------------------------------------------------------------------------------------------
                                                                                        
                                                                No Withdrawal   $3,000 withdrawal   $6,000 withdrawal
    -------------------------------------------------------------------------------------------------------------------
A   Initial contribution                                           100,000           100,000             100,000
    -------------------------------------------------------------------------------------------------------------------
B   Death benefit: prior to withdrawal.*                           104,000           104,000             104,000
    -------------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit earnings: death
    benefit less net contributions (prior to the withdrawal in
C   D).                                                             4,000             4,000               4,000
    B minus A.
    -------------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                        0               3,000               6,000
    -------------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                      0                 0                 2,000
    greater of D minus C or zero
    -------------------------------------------------------------------------------------------------------------------
    Net contributions (adjusted for the withdrawal in D)
F   A minus E                                                      100,000           100,000              98,000
    -------------------------------------------------------------------------------------------------------------------
    Death benefit (adjusted for the withdrawal in D)
G   B minus D                                                      104,000           101,000              98,000
    -------------------------------------------------------------------------------------------------------------------
    Death benefit less net contributions
H   G minus F                                                       4,000             1,000                 0
    -------------------------------------------------------------------------------------------------------------------
I   Earnings enhancement benefit factor                              40%               40%                 40%
    -------------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit
J   H times I                                                       1,600              400                  0
    -------------------------------------------------------------------------------------------------------------------
    Death benefit: including Earnings enhancement benefit
K   G plus J                                                       105,600           101,400              98,000
    -------------------------------------------------------------------------------------------------------------------


*    The death benefit is the greater of the account value or any applicable
     death benefit.


                           Appendix VI: Earnings enhancement benefit example F-1




Appendix VII: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
contract or certain features and/or benefits are either not available as of the
date of this Prospectus or vary from the contract's features and benefits as
previously described in this Prospectus.

STATES WHERE CERTAIN ACCUMULATOR(R) FEATURES AND/OR BENEFITS ARE NOT AVAILABLE
OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:




- --------------------------------------------------------------------------------
 State        Features and Benefits
- --------------------------------------------------------------------------------
          
CALIFORNIA   See "Contract features and benefits"--"Your right to can-
             cel within a certain number of days"
- --------------------------------------------------------------------------------
ILLINOIS     See "Loans under Rollover TSA contracts" in "Accessing
             your money"

             See "Selecting an annuity payout option" under "Your
             annuity payout options" in "Accessing your money"
- --------------------------------------------------------------------------------
NEW JERSEY   "Greater of 6-1/2% Roll-Up to age 85 or Annual Ratchet to
             age 85 enhanced death benefit"

             See "Guaranteed minimum death benefit charge" in "Fee
             table"
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 State        Availability or Variation
- --------------------------------------------------------------------------------
          
CALIFORNIA   If you reside in the state of California and you are age 60
             and older at the time the contract is issued, you may return
             your variable annuity contract within 30 days from the date
             that you receive it and receive a refund as described below.

             If you allocate your entire initial contribution to the
             EQ/Money Market option (and/or guaranteed interest
             option, if available), the amount of your refund will be equal
             to your contribution less interest, unless you make a trans-
             fer, in which case the amount of your refund will be equal to
             your account value on the date we receive your request to
             cancel at our processing office. This amount could be less
             than your initial contribution. If the Principal guarantee ben-
             efit or Guaranteed withdrawal benefit for life is elected, the
             investment allocation during the 30 day free look period is
             limited to the guaranteed interest option. If you allocate any
             portion of your initial contribution to the variable invest-
             ment options (other than the EQ/Money Market option)
             and/or fixed maturity options, your refund will be equal to
             your account value on the date we receive your request to
             cancel at our processing office.
- --------------------------------------------------------------------------------
ILLINOIS     Your loan interest rate will not exceed 8% (or any lower
             maximum rate that may become required by Illinois or fed-
             eral law).

             The following sentence replaces the first sentence of the
             second paragraph in this section:

             You can choose the date annuity payments begin but it may
             not be earlier than twelve months from the Accumulator(R)
             contract date.
- --------------------------------------------------------------------------------
NEW JERSEY   All references to this feature are deleted in their entirety.

             You have the choice of the following guaranteed minimum
             death benefits: the Greater of 6% Roll-Up to age 85 or
             Annual Ratchet to age 85; the Greater of 3% Roll-Up to
             age 85 or Annual Ratchet to age 85; the Annual Ratchet to
             age 85; the Standard death benefit; the GWBL Standard
             death benefit; or the GWBL Enhanced death benefit.

             The charge for the Greater of 6% Roll-Up to age 85 or
             Annual Ratchet to age 85 is 0.60%

             The charge for the Greater of 3% Roll-Up to age 85 or
             Annual Ratchet to age 85 is 0.60
- --------------------------------------------------------------------------------



G-1 Appendix VII: State contract availability and/or variations of certain
    features and benefits







- --------------------------------------------------------------------------------
 State           Features and Benefits
- --------------------------------------------------------------------------------
             
NEW JERSEY      See "Guaranteed minimum death benefit charge" and
(CONTINUED)     "Guaranteed minimum income benefit charge" in "Fee
                table"

                See "Guaranteed minimum income benefit and the Roll-Up
                benefit base reset" in "Contract features and benefits"

                See "Greater of 6% Roll-Up to age 85 or Annual Ratchet
                to age 85" under "Guaranteed minimum death benefit
                charge" in "Charges and expenses"

                See "Greater of 3% Roll-Up to age 85 or Annual Ratchet
                to age 85" under "Guaranteed minimum death benefit
                charge" in "Charges and expenses"

                See "Guaranteed minimum income benefit charge" in
                "Charges and expenses"
- --------------------------------------------------------------------------------
PENNSYLVANIA    See "Disability, terminal illness, or confinement to nursing
                home" under "Withdrawal charge" in "Charges and
                expenses"

                Required disclosure for Pennsylvania customers
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 State           Availability or Variation
- --------------------------------------------------------------------------------
             
NEW JERSEY      Footnote (4) (and all related text) is deleted in its entirety.
(CONTINUED)     We do not reserve the right to increase your charge if you
                reset your Greater of 6% to age 85 or Annual Ratchet to
                age 85 enhanced death benefit and Guaranteed minimum
                income benefit Roll-Up benefit base.

                All references to resetting your Roll-Up benefit base on each
                contract date anniversary are deleted in their entirety here
                and throughout the Prospectus. Instead, if you elect the
                Guaranteed minimum income benefit alone or together with
                the Greater of 6% Roll-Up to age 85 or Annual Ratchet to
                age 85 enhanced death benefit, you will be eligible to reset
                the Roll-Up benefit base for these guaranteed benefits to
                equal the account value as of the 5th or later contract date
                anniversary. Each time you reset the Roll-Up benefit base,
                your Roll-Up benefit base will not be eligible for another
                reset for five years.

                The Guaranteed minimum income benefit that includes the
                6-1/2% Roll-Up benefit base is not available in combination
                with the Greater of 6% Roll-Up to age 85 or Annual
                Ratchet to age 85 enhanced death benefit.

                The second sentence of the first paragraph and the entire
                second paragraph is deleted in their entirety and replaced
                with the following:

                The charge is equal to 0.60% of the Greater of the 6%
                Roll-Up to age 85 or the Annual Ratchet to age 85 benefit
                base.

                The second sentence is deleted in its entirety and replaced
                with the following:

                The charge is equal to 0.60% of the Greater of the 3%
                Roll-up to age 85 or the Annual Ratchet to age 85 benefit
                base.

                The third paragraph is deleted in its entirety.
- --------------------------------------------------------------------------------
PENNSYLVANIA    Item (iii) under this section is deleted in its entirety

                Any person who knowingly and with intent to defraud any
                insurance company or other person files an application for
                insurance or statement of claim containing any materially
                false information or conceals for the purpose of misleading,
                information concerning any fact material thereto commits a
                fraudulent insurance act, which is a crime and subjects such
                person to criminal and civil penalties.
- --------------------------------------------------------------------------------



                  Appendix VII: State contract availability and/or variations of
                                               certain features and benefits G-2







- --------------------------------------------------------------------------------
 State         Features and Benefits
- --------------------------------------------------------------------------------
           
PUERTO RICO   IRA, Roth IRA, Inherited IRA, QP and Rollover TSA contracts

              Beneficiary continuation option (IRA)

              Tax information-- special rules for NQ contracts
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 State         Availability or Variation
- --------------------------------------------------------------------------------
           
PUERTO RICO   Not Available

              Not Available

              Income from NQ contracts we issue is U.S. source. A Puerto
              Rico resident is subject to U.S. taxation on such U.S. source
              income. Only Puerto Rico source income of Puerto Rico resi-
              dents is excludable from U.S. taxation. Income from NQ
              contracts is also subject to Puerto Rico tax. The calculation
              of the taxable portion of amounts distributed from a con-
              tract may differ in the two jurisdictions. Therefore, you might
              have to file both U.S. and Puerto Rico tax returns, showing
              different amounts of income from the contract for each tax
              return. Puerto Rico generally provides a credit against
              Puerto Rico tax for U.S. tax paid. Depending on your per-
              sonal situation and the timing of the different tax liabilities,
              you may not be able to take full advantage of this credit.
- --------------------------------------------------------------------------------



G-3  Appendix VII: State contract availability and/or variations
     of certain features and benefits




Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                            Page
Who is AXA Equitable?                                                        2
Unit Values                                                                  2
Custodian and Independent Registered Public Accounting Firm                  2
Distribution of the Contracts                                                2
Financial Statements                                                         2

How to Obtain an Accumulator(R) Statement of Additional Information for
Separate Account No. 49

Send this request form to:
     Accumulator(R)
     P.O. Box 1547
     Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------

Please send me an Accumulator(R) SAI for Separate Account No. 49 dated May 1,
2007.


- --------------------------------------------------------------------------------
Name:

- --------------------------------------------------------------------------------
Address:

- --------------------------------------------------------------------------------
City           State    Zip

                       x1479/Core '02, OR, '04, '06 Jumpstart '07 and '07 Series



ACCUMULATOR(R) ELITE(SM)
A combination variable and fixed deferred
annuity contract


PROSPECTUS MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing, or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) ELITE(SM)?


Accumulator(R) Elite(SM) is a deferred annuity contract issued by AXA Equitable
Life Insurance Company. It provides for the accumulation of retirement savings
and for income. The contract offers income and death benefit protection. It
also offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option, fixed maturity options or the account for special
dollar cost averaging ("investment options"). This contract may not currently
be available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VIII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------


(1) The "AXA Allocation" portfolios.

*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory  approval.  Please see  "Portfolios  of the Trusts" in
    "Contract  features  and  benefits"  later  in  this  Prospectus  for  the
    investment option's former name.

**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

+   This investment  option's name,  investment  objective and sub-adviser  will
    change on or about May 29, 2007,  subject to  regulatory  approval.  See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.


You may also allocate amounts to the guaranteed interest option, the fixed
maturity option and the account for special dollar cost averaging, which are
discussed later in this Prospectus.

TYPES OF CONTRACTS. We offer the contracts for use as:

o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  An annuity that is an investment vehicle for a qualified defined contribution
   plan ("QP") (Rollover and direct transfer contributions only).


o  Traditional and Roth Inherited IRA beneficiary continuation contract
   ("Inherited IRA") (direct transfer and specified direct rollover
   contributions only).


o  An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
   IRA") or Roth IRA ("Roth Conversion IRA").

o  An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $10,000 is required to purchase a contract.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.

The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.

                                                    X01486/Elite '02/'04 Series
                                                                        (R-4/15)





Although this Prospectus is primarily designed for potential purchasers of the
contract, you may have previously purchased a contract and be receiving this
Prospectus as a current contract owner. If you are a current contract owner,
you should note that the options, features and charges of the contract may have
varied over time (and, as noted above, may vary depending on your state) and
you may not change your contract or its features as issued. For more
information about the particular options, features and charges applicable to
you, please contact your financial professional and/or refer to your contract
and/or see Appendix IX for contract variations later in this Prospectus.





Contents of this Prospectus
- --------------------------------------------------------------------

- --------------------------------------------------------------------------------
(Not all of the features listed are available under all contracts or in all
states.)
- --------------------------------------------------------------------------------
ACCUMULATOR(R) ELITE(SM)

- --------------------------------------------------------------------------------
Index of key words and phrases                                               5
Who is AXA Equitable?                                                        7
How to reach us                                                              8
Accumulator(R) Elite(SM) at a glance -- key features                        10


- --------------------------------------------------------------------------------
FEE TABLE                                                                   14
- --------------------------------------------------------------------------------
Example                                                                     18
Condensed financial information                                             22


- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           23
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        23
Owner and annuitant requirements                                            27
How you can make your contributions                                         27
What are your investment options under the contract?                        27
Portfolios of the Trusts                                                    28
Allocating your contributions                                               34
Guaranteed minimum death benefit and
     Guaranteed minimum income benefit base                                 37
Annuity purchase factors                                                    38

Guaranteed minimum income benefit option*                                   39

Guaranteed minimum death benefit                                            41
Principal Protector(SM)                                                     43
Inherited IRA beneficiary continuation contract                             46
Your right to cancel within a certain number of days                        47


- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        48
- --------------------------------------------------------------------------------
Your account value and cash value                                           48
Your contract's value in the variable investment options                    48
Your contract's value in the guaranteed interest option                     48
Your contract's value in the fixed maturity options                         48
Your contract's value in the account for special dollar cost
     averaging                                                              48

Insufficient account value                                                  48



- ----------
*Depending on when you purchased your contract, this benefit may be called the
"Living Benefit." Accordingly, if applicable, all references to the
Guaranteed minimum income benefit in this Prospectus and any related
registration statement documents are references to the Living Benefit.

"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

                                                  Contents of this Prospectus  3



- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG
     INVESTMENT OPTIONS                                                     50
- --------------------------------------------------------------------------------
Transferring your account value                                             50
Disruptive transfer activity                                                50

Rebalancing your account value                                              51



- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     53
- --------------------------------------------------------------------------------
Withdrawing your account value                                              53
How withdrawals are taken from your account value                           54
How withdrawals (and transfers out of the Special 10 year fixed
     maturity option) affect your Guaranteed minimum
     income benefit, Guaranteed minimum death
     benefit and Guaranteed principal benefit option 2                      55
How withdrawals affect Principal Protector(SM)                              55
Withdrawals treated as surrenders                                           55
Loans under Rollover TSA contracts                                          56
Surrendering your contract to receive its cash value                        56
When to expect payments                                                     56
Your annuity payout options                                                 57


- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     60
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          60
Charges that the Trusts deduct                                              64
Group or sponsored arrangements                                             64
Other distribution arrangements                                             64


- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 65
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     65
How death benefit payment is made                                           66
Beneficiary continuation option                                             67


- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          71
- --------------------------------------------------------------------------------
Overview                                                                    71
Buying a contract to fund a retirement arrangement                          71
Transfers among investment options                                          71
Taxation of nonqualified annuities                                          71
Individual retirement arrangements (IRAs)                                   73
Tax-Sheltered Annuity contracts (TSAs)                                      83
Federal and state income tax withholding and
     information reporting                                                  86
Special rules for contracts funding qualified plans                         87
Impact of taxes to AXA Equitable                                            87


- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         88
- --------------------------------------------------------------------------------
About our Separate Account No. 49                                           88
About the Trusts                                                            88
About our fixed maturity options                                            88
About the general account                                                   89
About other methods of payment                                              90
Dates and prices at which contract events occur                             90
About your voting rights                                                    91
About legal proceedings                                                     91
Financial statements                                                        91
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          91

About Custodial IRAs                                                        92

Distribution of the contracts                                               92


- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          94
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
I    -- Condensed financial information                                     A-1
II   -- Purchase considerations for QP contracts                            B-1
III  -- Market value adjustment example                                     C-1
IV   -- Enhanced death benefit example                                      D-1
V    -- Hypothetical illustrations                                          E-1
VI   -- Guaranteed principal benefit
        example                                                             F-1
VII  -- Protection Plus(SM) example                                         G-1
VIII -- State contract availability and/or variations of
        certain features and benefits                                       H-1
IX   -- Contract variations                                                 I-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

4  Contents of this Prospectus



Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.


                                                                 Page in
Term                                                          Prospectus
   6% Roll-Up to age 85 enhanced death benefit                        37
   account value                                                      48
   administrative charge                                              60
   annual administrative charge                                       60
   Annual Ratchet to age 85 enhanced death benefit                    38
   annuitant                                                          23
   annuitization                                                      57
   annuity maturity date                                              59
   annuity payout options                                             51
   annuity purchase factors                                           38
   automatic investment program                                       90
   beneficiary                                                        65
   Beneficiary continuation option ("BCO")                            67
   benefit base                                                       37
   business day                                                       90
   cash value                                                         48
   charges for state premium and other applicable taxes               64
   contract date                                                      27
   contract date anniversary                                          27
   contract year                                                      27
   contributions to Roth IRAs                                         79
     regular contributions                                            80
     rollovers and direct transfers                                   80
     conversion contributions                                         81
   contributions to traditional IRAs                                  74
     regular contributions                                            74
     rollovers and transfers                                          75
   disability, terminal illness or confinement to nursing home        61
   disruptive transfer activity                                       50
   distribution charge                                                60
   EQAccess                                                            8
   ERISA                                                              56
   fixed-dollar option                                                36
   fixed maturity options                                             33
   free look                                                          47
   free withdrawal amount                                             61
   general account                                                    89
   general dollar cost averaging                                      36
   guaranteed interest option                                         33
   Guaranteed minimum death benefit                                   41
   Guaranteed minimum death benefit charge                            62
   Guaranteed minimum death benefit/guaranteed
     minimum income benefit roll-up benefit base reset option         38
   Guaranteed minimum income benefit                                  39
   Guaranteed minimum income benefit charge                           63
   Guaranteed minimum income benefit "no lapse guarantee"             40
   Guaranteed principal benefits                                      34
   Inherited IRA                                                   cover
   investment options                                              cover
   Investment simplifier                                              36
   IRA                                                             cover
   IRS                                                                71
   lifetime required minimum distribution withdrawals                 54
   loan reserve account                                               56
   loans under rollover TSA                                           56
   market adjusted amount                                             33
   market timing                                                      50

                                                                 Page in
Term                                                          Prospectus
   market value adjustment                                            33
   maturity dates                                                     33
   maturity value                                                     33
   Mortality and expense risks charge                                 60
   NQ                                                              cover
   Optional step up charge                                            63
   partial withdrawals                                                53
   portfolio                                                       cover
   Principal assurance                                                35
   Principal Protector(SM)                                            43
   Principal Protector(SM) charge                                     63
   processing office                                                   8
   Protection Plus(SM)                                                42
   Protection Plus(SM) charge                                         63
   QP                                                              cover
   rate to maturity                                                   33
   Rebalancing                                                        37
   Rollover IRA                                                    cover
   Rollover TSA                                                    cover
   Roth Conversion IRA                                             cover
   Roth IRA                                                        cover
   SAI                                                             cover
   SEC                                                             cover
   self-directed allocation                                           34
   Separate Account No. 49                                            88
   special dollar cost averaging                                      36
   Spousal protection                                                 67
   standard death benefit                                             37
   substantially equal withdrawals                                    53
   Successor owner and annuitant                                      66
   systematic withdrawals                                             53
   TOPS                                                                8
   TSA                                                             cover
   traditional IRA                                                 cover
   Trusts                                                             88
   unit                                                               48
   variable investment options                                        27
   wire transmittals and electronic applications                      90
   withdrawal charge                                                  61


                                               Index of key words and phrases  5




To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract. Also, depending on when you purchased your contract, some of these
may not apply to you or may be named differently under your contract. Your
financial professional can provide further explanation about your contract or
supplemental materials.





- ---------------------------------------------------------------------------------------------------------------------
Prospectus                          Contract or Supplemental Materials
- ---------------------------------------------------------------------------------------------------------------------
                                 
fixed maturity options              Guarantee Periods (Guaranteed Fixed Interest Accounts in supplemental materials)
variable investment options         Investment Funds
account value                       Annuity Account Value
rate to maturity                    Guaranteed Rates
unit                                Accumulation Unit
Guaranteed minimum death benefit    Guaranteed death benefit
Guaranteed minimum income benefit   Guaranteed Income Benefit or Living Benefit
guaranteed interest option          Guaranteed Interest Account
Principal Protector(SM)               Guaranteed withdrawal benefit
GWB benefit base                    Principal Protector(SM) benefit base
GWB Annual withdrawal amount        Principal Protector(SM) Annual withdrawal amount
GWB Annual withdrawal option        Principal Protector(SM) Annual withdrawal option
GWB Excess withdrawal               Principal Protector(SM) Excess withdrawal
- ---------------------------------------------------------------------------------------------------------------------



6 Index of key words and phrases



Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


                                                        Who is AXA Equitable?  7



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.


- ----------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- ----------------------------------------------------------------------------

Accumulator(R) Elite(SM)
P.O. Box 13014
Newark, NJ 07188-0014


- ----------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- ----------------------------------------------------------------------------

Accumulator(R) Elite(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- ----------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- ----------------------------------------------------------------------------
Accumulator(R) Elite(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- ----------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS
 DELIVERY:
- ----------------------------------------------------------------------------

Accumulator(R) Elite(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- ----------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- ----------------------------------------------------------------------------
o  written confirmation of financial transactions;

o  statement of your contract values at the close of each calendar year and any
   calendar quarter in which there was a financial transaction; and


o  annual statement of your contract values as of the close of the contract
   year, including notification of eligibility to exercise the Guaranteed
   minimum income benefit and/or the Roll-Up benefit base reset option.


- ----------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- ----------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o  your current account value;

o  your current allocation percentages;

o  the number of units you have in the variable investment options;

o  rates to maturity for the fixed maturity options (not available through
   EQAccess);

o  the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the investment
   options;

o  elect to receive certain statements electronically;

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.


We have established procedures to reasonably confirm that the instructions
communicated by telephone or the Internet are genuine. For example, we will
require certain personal identification information before we will act on
telephone or Internet instructions and we will provide written confirmation of
any transfers. If we do not employ reasonable procedures to confirm the
genuineness of telephone or Internet instructions, we may be liable for any
losses arising out of any act or omission that constitutes negligence, lack of
good faith, or willful misconduct. In light of our procedures, we will not be
liable for following telephone or Internet instructions we reasonably believe
to be genuine.


We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

8  Who is AXA Equitable?



CUSTOMER SERVICE REPRESENTATIVE:

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts;

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;

(14) requests to reset your Roll-Up benefit base (for certain contracts with
     both the Guaranteed minimum income benefit and the Greater of the 6%
     Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death benefit);


(15) requests to step up your Guaranteed withdrawal benefit ("GWB") benefit
     base, if applicable, under the Optional step up provision;

(16) requests to terminate or reinstate your GWB, if applicable, under the
     Beneficiary continuation option, if applicable;

(17) death claims;

(18) change in ownership (NQ only), if available under your contract; and

(19) enrollment in our "automatic required minimum distribution (RMD) service."



WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6)  special dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  special dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests
would normally be the owner. If there are joint owners
both must sign.


                                                        Who is AXA Equitable?  9




Accumulator(R) Elite(SM) at a glance -- key features


- --------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
(Not all of the features listed are available under all contracts or in all states.)
- ------------------------------------------------------------------------------------------------------------------------------------

                          
Professional investment      Accumulator(R) Elite(SM)'s variable investment options invest in different portfolios managed by
management                   professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options       o Fixed maturity options with maturities ranging from approximately 1 to 10 years (subject to
                               availability).

                             o Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                               maturity.

                             o Special 10 year fixed maturity option (available under Guaranteed principal benefit option 2 only).
                             -------------------------------------------------------------------------------------------------------
                             If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a
                             market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                             portion of a fixed maturity amount, this may increase or decrease any value that you have left in that
                             fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest          o Principal and interest guarantees.
option
                             o Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
Account for special dollar   Available for dollar cost averaging all or a portion of any eligible contribution to your contract.
cost averaging
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations           o No tax on earnings inside the contract until you make withdrawals from your contract or receive
                               annuity  payments.

                             o No tax on transfers among investment options inside the contract.
                             -------------------------------------------------------------------------------------------------------
                             If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax Sheltered
                             Annuity (TSA) or to fund an employer retirement plan (QP or Qualified Plan), you should be aware that
                             such annuities do not provide tax deferral benefits beyond those already provided by the Internal
                             Revenue Code. Before purchasing one of these annuities, you should consider whether its features and
                             benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative
                             features, benefits and costs of these annuities compared with any other investment that you may use in
                             connection with your retirement plan or arrangement. Depending on your personal situation, the
                             contract's guaranteed benefits may have limited usefulness because of required minimum distributions
                             ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum           The Guaranteed minimum income benefit provides income protection for you during the annuitant's life
income benefit               once you elect to annuitize the contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Principal Protector(SM)      Principal Protector(SM) is our optional Guaranteed withdrawal benefit ("GWB"), which provides for
                             recovery of your total contributions through withdrawals, even if your account value falls to zero,
                             provided that during each contract year, your total withdrawals do not exceed a specified amount. This
                             feature may not be available under your contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts         o Initial minimum:      $10,000

                             o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                     $100 monthly and $300 quarterly under our automatic investment program
                                                     (NQ contracts)
                                                     $1,000 (Inherited IRA contracts)
                                                     $50 (IRA contracts)

                             Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                             ($500,000 for certain owners or annuitants who are age 81 and older at contract issue). See "How you
                             can purchase and contribute to your contract" in "Contract features and benefits" later in this
                             Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------



10 Accumulator(R) Elite(SM) at a glance -- key features





- ------------------------------------------------------------------------------------------------------------------------------------
                            
Access to your money         o Partial withdrawals
                             o Several withdrawal options on a periodic basis
                             o Loans under Rollover TSA contracts
                             o Contract surrender

                             You may incur a withdrawal charge for certain withdrawals or if you surrender your contract. You may
                             also incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional
                             benefits.
- ------------------------------------------------------------------------------------------------------------------------------------
Payout options               o Fixed annuity payout options
                             o Variable Immediate Annuity payout options (described in a separate prospectus for that option)
                             o Income Manager(SM) payout options (described in a separate prospectus for that option)
- ------------------------------------------------------------------------------------------------------------------------------------
Additional features*         o Guaranteed minimum death benefit options
                             o Guaranteed principal benefit options (including Principal assurance)
                             o Dollar cost averaging
                             o Automatic investment program
                             o Account value rebalancing (quarterly, semi-annually, and annually)
                             o Free transfers
                             o Waiver of withdrawal charge for disability, terminal illness, confinement to a nursing home and
                               certain other withdrawals
                             o Protection Plus(SM), an optional death benefit available under certain contracts (subject to state
                               availability)
                             o Spousal protection (not available under certain contracts)
                             o Successor owner/annuitant
                             o Beneficiary continuation option
                             o Guaranteed minimum income benefit no lapse guarantee (available under contracts with applications
                               that were signed and submitted on or after January 1, 2005 subject to state availability)
                             o Guaranteed minimum death benefit/guaranteed minimum income benefit roll-up benefit base reset
                               (available under contracts with applications that were signed and submitted on or after October 1,
                               2005 subject to state availability)

*   Not all features are available under all contracts. Please see Appendix IX later in this Prospectus for more information.
- ------------------------------------------------------------------------------------------------------------------------------------



                         Accumulator(R) Elite(SM) at a glance -- key features 11





- ------------------------------------------------------------------------------------------------------------------------------------
                          
Fees and charges+            o Daily charges on amounts invested in the variable investment options for mortality and expense risks,
                               administrative charges, and distribution charges at an annual rate of 1.65%.
                             o The charges for the Guaranteed minimum death benefits range from 0.0% to 0.60%, annually, of the
                               applicable benefit base. The benefit base is described under "Guaranteed minimum death benefit and
                               Guaranteed minimum income benefit base" in "Contract features and benefits" later in this Prospectus.
                             o An annual charge of 0.65% of the applicable benefit base charge for the optional Guaranteed minimum
                               income benefit until you exercise the benefit, elect another annuity payout option, or the contract
                               date anniversary after the annuitant reaches age 85, whichever occurs first. The benefit base is
                               described under "Guaranteed minimum death benefit and Guaranteed minimum income benefit base" in
                               "Contract features and benefits" later in this Prospectus.
                             o An annual charge for the optional Guaranteed principal benefit option 2 (if available) deducted on
                               the first 10 contract date anniversaries equal to 0.50% of the account value.
                             o If your account value at the end of the contract year is less than $50,000, we deduct an annual
                               administrative charge equal to $30, or during the first two contract years, 2% of your account value,
                               if less. If your account value on the contract date anniversary is $50,000 or more, we will not
                               deduct the charge.
                             o An annual charge of 0.35% of your account value for the Protection Plus(SM) optional death benefit.
                             o An annual charge of 0.35% of your account value for the 5% GWB Annual withdrawal option (if
                               available) or 0.50% of your account value for the 7% GWB Annual withdrawal option (if available) for
                               the optional Principal Protector(SM) benefit. If you "step up" your GWB benefit base, we reserve the
                               right to raise the charge up to 0.60% and 0.80%, respectively. See "Principal Protector(SM) " in
                               "Contract features and benefits" later in this Prospectus.
                             o No sales charge is deducted at the time you make contributions.
                             o During the first four contract years following a contribution, a charge of up to 8% will be deducted
                               from amounts that you withdraw that exceed 10% of your account value. We use your account value at
                               the beginning of each contract year to calculate the 10% amount available. There is no withdrawal
                               charge in the fifth and later contract years following a contribution. Certain exemptions may apply.
                               Certain contracts may provide for a higher free withdrawal amount. See Appendix IX later in this
                               Prospectus for contract variations.

                             -------------------------------------------------------------------------------------------------------
                             The "contract date" is the effective date of a contract. This usually is the business day we receive
                             the properly completed and signed application, along with any other required documents, and your
                             initial contribution. Your contract date will be shown in your contract. The 12-month period beginning
                             on your contract date and each 12-month period after that date is a "contract year." The end of each
                             12-month period is your "contract date anniversary." For example, if your contract date is May 1, your
                             contract date anniversary is April 30.
                             -------------------------------------------------------------------------------------------------------

                             o We deduct a charge designed to approximate certain taxes that may be imposed on us, such as premium
                               taxes in your state. This charge is generally deducted from the amount applied to an annuity payout
                               option.

                             o We currently deduct a $350 annuity administrative fee from amounts applied to purchase the variable
                               immediate annuitization payout option. This option is described in a separate prospectus that is
                               available from your financial professional.

                             o Annual expenses of the Trusts' portfolios are calculated as a percentage of the average daily net
                               assets invested in each portfolio. Please see "Fee Table later" in this Prospectus for details.

+ The fees and charges shown in this section are the maximum charges a contract owner will pay. Please see your contract for the
fees and charges that apply to you. Also, some of the optional benefits may not be available under your contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant issue ages           NQ: 0-85
                               Rollover IRA, Roth Conversion
                               IRA and Rollover TSA: 20-85
                               Inherited IRA: 0-70
                               QP: 20-75
- ------------------------------------------------------------------------------------------------------------------------------------


The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features of
the contract are not necessarily available in your state or at certain ages.
Please see Appendix VIII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.


For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any reason
you are not satisfied with your contract, you may return it to us for a refund
within a certain number of days. Please see "Your right to cancel within a
certain number of days" later in this Prospectus for additional information.


12 Accumulator(R) Elite(SM) at a glance -- key features



Other contracts


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


                         Accumulator(R) Elite(SM) at a glance -- key features 13



Fee table

- --------------------------------------------------------------------------------


The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus. The
fees and charges shown in this section are the maximum fees and charges that a
contract owner will pay. Please see your contract and/or Appendix IX later in
this Prospectus for the fees and charges that apply under your contract.

If you are a prospective contract owner, all features listed below may not be
currently available. Similarly, if you are a current contract owner, all
features listed below may not have been available at the time you purchased
your contract. See Appendix IX later in this Prospectus for more information.

The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your
cash value to certain payout options or if you purchase a Variable Immediate
Annuity. Charges designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state, may also apply.




- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain transactions
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                         
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain
withdrawals or apply your cash value to certain payout options).(1)         8.00%
Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                      $350
- ------------------------------------------------------------------------------------------------------------------------------------

The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the underlying trust
portfolio fees and expenses.

- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- ------------------------------------------------------------------------------------------------------------------------------------
Maximum annual administrative charge(2)
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                               $30
   If your account value on a contract date anniversary is $50,000
   or more                                                                  $0
- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your variable investment options expressed as an annual
  percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                                 1.10%(4)
Administrative                                                              0.30%
Distribution                                                                0.25%
                                                                            ------
Total Separate account annual expenses                                      1.65%
- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value each year if you elect any of the following
  optional benefits
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on
each contract date anniversary for which the benefit is in effect.)
   Standard death benefit                                                   0.00%
   Annual Ratchet to age 85                                                 0.30% of the Annual Ratchet to age 85 benefit base
                                                                            (maximum);
                                                                            0.25% (current)
   6% Roll-Up to age 85                                                     0.45% of the 6% Roll-Up to age 85 benefit base
   Greater of 5% Roll-Up to age 85 or Annual Ratchet to age 85              0.50% of the greater of 5% Roll-Up to age 85
                                                                            benefit base of the Annual Ratchet to age 85 benefit
                                                                            base as applicable.
- ------------------------------------------------------------------------------------------------------------------------------------
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85              0.60% of the greater of 6% Roll-Up to age 85
                                                                            benefit base or the Annual Ratchet to age 85 benefit
                                                                            base, as applicable
- ------------------------------------------------------------------------------------------------------------------------------------



14 Fee table





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                         
Guaranteed principal benefit charge for option 2 (calculated as
a percentage of the account value. Deducted annually(2) on the first 10
contract date anniversaries.)                                               0.50%
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum income benefit (or "Living Benefit")
charge (calculated as a percentage of the applicable benefit base.
Deducted annually(2) on each contract date anniversary for which the
benefit is in effect.)                                                      0.65%
- ------------------------------------------------------------------------------------------------------------------------------------
Protection Plus(SM) benefit charge (calculated as a percentage of
the account value. Deducted annually(2) on each contract date anniver-
sary for which the benefit is in effect.)                                   0.35%
- ------------------------------------------------------------------------------------------------------------------------------------
Principal Protector(SM) benefit charge(2) (calculated as a percentage       0.35% for the 5% GWB
of the account value. Deducted annually on each contract date anniver-      Annual withdrawal option
sary, provided your GWB benefit base is greater than zero.)                 0.50% for the 7% GWB
                                                                            Annual withdrawal option

If you "step up" your GWB benefit base, we reserve the right to             0.60% for the 5% GWB
increase your charge up to:                                                 Annual withdrawal option

                                                                            0.80% for the 7% GWB
                                                                            Annual withdrawal option

Please see "Principal Protector(SM)" in "Contract features and benefits" for more information about this feature, including its
benefit base and the optional step up provision, and "Principal Protector(SM) charge" in "Charges and expenses," both later in this
Prospectus, for more information about when the charge applies.

- ------------------------------------------------------------------------------------------------------------------------------------
Net loan interest charge - Rollover TSA contracts only (calcu-
lated and deducted daily as a percentage of the outstanding loan
amount)                                                                     2.00%(5)
- ------------------------------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net asset
value each day. Therefore, they reduce the investment return of the Portfolio
and the related variable investment option. Actual fees and expenses are likely
to fluctuate from year to year. More detail concerning each Portfolio's fees and
expenses is contained in the Trust prospectus for the Portfolio.




- ------------------------------------------------------------------------------------------------------------------------------------
 Portfolio operating expenses expressed as an annual percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees,         ------     -------
and/or other expenses)(6)                                                          0.63%      3.15%



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- --------------------------------------------------------------------------------------------------------------------------
                                                                      Acquired
                                                                       Fund        Total
                                                                     Fees and      Annual                  Net Total
                                                                     Expenses     Expenses   Fee Waivers    Annual
                                                                     (Underly-    (Before      and/or      Expenses
                                     Manage-                            ing       Expense      Expense     (After
                                      ment      12b-1      Other      Portfo-      Limita-    Reimburse-    Expense
Portfolio Name                       Fees(7)   Fees(8)  Expenses(9)   lios)(10)    tions)     ments(11)   Limitations)
- --------------------------------------------------------------------------------------------------------------------------
                                                                                       
AXA Premier VIP Trust:
- --------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation            0.10%      0.25%     0.18%         0.91%       1.44%      (0.18)%      1.26%
AXA Conservative Allocation          0.10%      0.25%     0.22%         0.67%       1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation     0.10%      0.25%     0.18%         0.72%       1.25%      (0.18)%      1.07%
AXA Moderate Allocation              0.10%      0.25%     0.17%         0.78%       1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation         0.10%      0.25%     0.17%         0.85%       1.37%      (0.17)%      1.20%
Multimanager Aggressive Equity *     0.61%      0.25%     0.19%           --        1.05%         --        1.05%
Multimanager Core Bond*              0.59%      0.25%     0.18%           --        1.02%      (0.07)%      0.95%
Multimanager Health Care*            1.20%      0.25%     0.23%           --        1.68%       0.00%       1.68%
Multimanager High Yield*             0.58%      0.25%     0.18%           --        1.01%         --        1.01%
Multimanager International Equity*   1.02%      0.25%     0.26%           --        1.53%       0.00%       1.53%
- --------------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 15



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                       Acquired
                                                                                         Fund       Total
                                                                                       Fees and     Annual     Fee Waiv-   Net Total
                                                                                        Expenses   Expenses       ers        Annual
                                                                                       (Underly-   (Before      and/or      Expenses
                                                         Manage-               Other      ing       Expense     Expense      (After
                                                          ment       12b-1    Expenses  Portfo-     Limita-   Reimburse-    Expense
 Portfolio Name                                          Fees(7)   Fees(8)      (9)     lios)(10)    tions)   ments(11)  Limitations
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       
Multimanager Large Cap Core Equity*                       0.90%      0.25%     0.20%       --        1.35%        0.00%      1.35%
Multimanager Large Cap Growth*                            0.90%      0.25%     0.22%       --        1.37%       (0.02)%     1.35%
Multimanager Large Cap Value*                             0.88%      0.25%     0.22%       --        1.35%        0.00%      1.35%
Multimanager Mid Cap Growth*                              1.10%      0.25%     0.20%     0.01%       1.56%        0.00%      1.56%
Multimanager Mid Cap Value*                               1.10%      0.25%     0.21%     0.03%       1.59%        0.00%      1.59%
Multimanager Technology *                                 1.20%      0.25%     0.23%       --        1.68%        0.00%      1.68%
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%     0.13%       --        0.85%          --       0.85%
EQ/AllianceBernstein Growth and Income++                  0.56%      0.25%     0.12%       --        0.93%          --       0.93%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%     0.14%       --        0.89%          --       0.89%
EQ/AllianceBernstein International                        0.71%      0.25%     0.20%       --        1.16%       (0.06)%     1.10%
EQ/AllianceBernstein Large Cap Growth                     0.90%      0.25%     0.11%       --        1.26%       (0.21)%     1.05%
EQ/AllianceBernstein Quality Bond                         0.50%      0.25%     0.14%       --        0.89%          --       0.89%
EQ/AllianceBernstein Small Cap Growth                     0.74%      0.25%     0.13%       --        1.12%          --       1.12%
EQ/AllianceBernstein Value                                0.60%      0.25%     0.13%       --        0.98%       (0.03)%     0.95%
EQ/Ariel Appreciation II                                  0.75%      0.25%     0.51%       --        1.51%       (0.36)%     1.15%
EQ/AXA Rosenberg Value Long/Short Equity                  1.40%      0.25%     1.44%       --        3.09%       (1.10)%     1.99%
EQ/BlackRock Basic Value Equity*                          0.55%      0.25%     0.14%       --        0.94%        0.00%      0.94%
EQ/BlackRock International Value*                         0.82%      0.25%     0.21%       --        1.28%       (0.03)%     1.25%
EQ/Boston Advisors Equity Income                          0.75%      0.25%     0.15%       --        1.15%       (0.10)%     1.05%
EQ/Calvert Socially Responsible                           0.65%      0.25%     0.25%       --        1.15%       (0.10)%     1.05%
EQ/Capital Guardian Growth                                0.65%      0.25%     0.16%       --        1.06%       (0.11)%     0.95%
EQ/Capital Guardian International+                        0.83%      0.25%     0.21%       --        1.29%       (0.09)%     1.20%
EQ/Capital Guardian Research                              0.65%      0.25%     0.13%       --        1.03%       (0.08)%     0.95%
EQ/Capital Guardian U.S. Equity++                         0.64%      0.25%     0.14%       --        1.03%       (0.08)%     0.95%
EQ/Caywood-Scholl High Yield Bond                         0.60%      0.25%     0.18%       --        1.03%       (0.03)%     1.00%
EQ/Davis New York Venture                                 0.85%      0.25%     0.74%       --        1.84%       (0.54)%     1.30%
EQ/Equity 500 Index                                       0.25%      0.25%     0.13%       --        0.63%          --       0.63%
EQ/Evergreen International Bond                           0.70%      0.25%     0.23%       --        1.18%       (0.03)%     1.15%
EQ/Evergreen Omega                                        0.65%      0.25%     0.21%       --        1.11%        0.00%      1.11%
EQ/FI Mid Cap                                             0.68%      0.25%     0.15%       --        1.08%       (0.08)%     1.00%
EQ/FI Mid Cap Value+                                      0.73%      0.25%     0.13%       --        1.11%       (0.01)%     1.10%
EQ/Franklin Income                                        0.90%      0.25%     0.38%       --        1.53%       (0.23)%     1.30%
EQ/Franklin Small Cap Value                               0.90%      0.25%     2.00%       --        3.15%       (1.85)%     1.30%
EQ/Franklin Templeton Founding Strategy**                 0.05%      0.25%     0.21%     1.07%       1.58%       (0.11)%     1.47%
EQ/GAMCO Mergers and Acquisitions                         0.90%      0.25%     0.33%       --        1.48%       (0.03)%     1.45%
EQ/GAMCO Small Company Value                              0.78%      0.25%     0.14%       --        1.17%        0.00%      1.17%
EQ/International Growth                                   0.85%      0.25%     0.35%       --        1.45%        0.00%      1.45%
EQ/Janus Large Cap Growth++                               0.90%      0.25%     0.15%       --        1.30%       (0.15)%     1.15%
EQ/JPMorgan Core Bond                                     0.44%      0.25%     0.15%       --        0.84%        0.00%      0.84%
EQ/JPMorgan Value Opportunities                           0.60%      0.25%     0.16%       --        1.01%       (0.06)%     0.95%
EQ/Legg Mason Value Equity                                0.65%      0.25%     0.22%       --        1.12%       (0.12)%     1.00%
EQ/Long Term Bond                                         0.43%      0.25%     0.15%       --        0.83%        0.00%      0.83%
EQ/Lord Abbett Growth and Income                          0.65%      0.25%     0.26%       --        1.16%       (0.16)%     1.00%
EQ/Lord Abbett Large Cap Core                             0.65%      0.25%     0.41%       --        1.31%       (0.31)%     1.00%
EQ/Lord Abbett Mid Cap Value                              0.70%      0.25%     0.18%       --        1.13%       (0.08)%     1.05%
EQ/Marsico Focus                                          0.85%      0.25%     0.13%       --        1.23%       (0.08)%     1.15%
EQ/MFS Emerging Growth Companies+                         0.65%      0.25%     0.15%       --        1.05%          --       1.05%
EQ/MFS Investors Trust+                                   0.60%      0.25%     0.16%       --        1.01%       (0.06)%     0.95%
EQ/Money Market                                           0.33%      0.25%     0.14%       --        0.72%          --       0.72%
EQ/Montag & Caldwell Growth                               0.75%      0.25%     0.16%       --        1.16%       (0.01)%     1.15%
EQ/Mutual Shares                                          0.90%      0.25%     0.50%       --        1.65%       (0.35)%     1.30%
EQ/Oppenheimer Global                                     0.95%      0.25%     1.30%     0.01%       2.51%       (1.15)%     1.36%
EQ/Oppenheimer Main Street Opportunity                    0.85%      0.25%     1.58%       --        2.68%       (1.38)%     1.30%
EQ/Oppenheimer Main Street Small Cap                      0.90%      0.25%     1.48%       --        2.63%       (1.33)%     1.30%
EQ/PIMCO Real Return                                      0.55%      0.25%     0.18%       --        0.98%       (0.08)%     0.90%
- ------------------------------------------------------------------------------------------------------------------------------------



16 Fee table



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ------------------------------------------------------------------------------------------------------------------------
                                                                         Acquired
                                                                          Fund       Total
                                                                        Fees and     Annual     Fee Waiv-    Net Total
                                                                        Expenses    Expenses      ers         Annual
                                                                        (Underly-   (Before      and/or       Expenses
                                      Manage-                              ing      Expense     Expense       (After
                                       ment       12b-1       Other      Portfo-     Limita-   Reimburse-     Expense
 Portfolio Name                       Fees(7)   Fees(8)   Expenses(9)   lios)(10)    tions)     ments(11)   Limitations)
- ------------------------------------------------------------------------------------------------------------------------
                                                                                          
EQ/Short Duration Bond                  0.43%      0.25%     0.14%           --        0.82%        0.00%      0.82%
EQ/Small Cap Value+                     0.73%      0.25%     0.15%           --        1.13%       (0.03)%     1.10%
EQ/Small Company Growth+                1.00%      0.25%     0.17%           --        1.42%       (0.12)%     1.30%
EQ/Small Company Index                  0.25%      0.25%     0.16%         0.01%       0.67%        0.00%      0.67%
EQ/TCW Equity++                         0.80%      0.25%     0.16%           --        1.21%       (0.06)%     1.15%
EQ/Templeton Growth                     0.95%      0.25%     0.64%           --        1.84%       (0.49)%     1.35%
EQ/UBS Growth and Income                0.75%      0.25%     0.17%           --        1.17%       (0.12)%     1.05%
EQ/Van Kampen Comstock                  0.65%      0.25%     0.19%           --        1.09%       (0.09)%     1.00%
EQ/Van Kampen Emerging Markets Equity   1.12%      0.25%     0.40%           --        1.77%        0.00%      1.77%
EQ/Van Kampen Mid Cap Growth            0.70%      0.25%     0.23%           --        1.18%       (0.13)%     1.05%
EQ/Wells Fargo Montgomery Small Cap++   0.85%      0.25%     0.41%           --        1.51%       (0.21)%     1.30%
- ------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++          0.74%      0.35%     0.27%           --        1.36%       (0.10)%     1.26%
- ------------------------------------------------------------------------------------------------------------------------




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and ben efits " later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.


Notes:

(1)  Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
     amount, if applicable



                                                                                 
     The withdrawal charge percentage we use is determined by the contract year     Contract
     in which you make the withdrawal or surrender your contract. For each          Year
     contribution, we consider the contract year in which we receive that           1..................8.00%
     contribution to be "contract year 1")                                          2..................7.00%
                                                                                    3..................6.00%
                                                                                    4..................5.00%
                                                                                    5+.................0.00%




(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year. If you are an existing contract
     owner, this pro rata deduction may not apply under your contract. See
     Appendix IX later in this Prospectus for more information. For Principal
     Protector(SM) only (if available), if the contract and benefit are
     continued under the Beneficiary continuation option with Principal
     Protector(SM), the pro rata deduction for the Principal Protector(SM)
     charge is waived.

(3)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, if applicable,
     the charge is $30 for each contract year.

(4)  These charges compensate us for certain risks we assume and expenses we
     incur under the contract.

(5)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.

(6)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.

(7)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (11) for any expense
     limitation agreement information.

(8)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940. For the portfolios of AXA Premier
     VIP Trust and EQ Advisors Trust, the 12b-1 fees will not be increased for
     the life of the contract.

(9)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (11) for any expense limitation agreement
     information.

(10) Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(11) The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A"--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2007. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. Morgan
     Stanley Investment Management Inc., which does business in certain
     instances as "Van Kampen," is the manager of The Universal Institutional
     Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
     agreed to reduce its management fee and/or reimburse the Portfolio so that
     total annual operating expenses of the Portfolio (exclusive of investment
     related expenses, such as foreign country tax expense and interest expense
     on amounts borrowed) are not more than specified amounts. Additionally, the
     distributor of The Universal Institutional Funds, Inc. has agreed to waive
     a portion of the 12b-1 fee for Class II shares. Van Kampen and/or the
     fund's distributor reserves the right to terminate any waiver and/or
     reimbursement at any time without notice. See the prospectus for each
     applicable underlying Trust for more information about the arrangements. In
     addition, a portion of the brokerage commissions of certain Portfolios of
     AXA Premier VIP Trust and EQ Advisors Trust

                                                                    Fee table 17





     is used to reduce the applicable Portfolio's expenses. If the above table
     reflected both the expense limitation arrangements, plus the portion of the
     brokerage commissions used to reduce portfolio expenses, the net expenses
     would be as shown in the table below:



- ------------------------------------------------------------
Portfolio Name
- ------------------------------------------------------------
                                                     
Multimanager Aggressive Equity                         1.03%
Multimanager Health Care                               1.63%
Multimanager International Equity                      1.52%
Multimanager Large Cap Core Equity                     1.33%
Multimanager Large Cap Growth                          1.33%
Multimanager Large Cap Value                           1.31%
Multimanager Mid Cap Growth                            1.52%
Multimanager Mid Cap Value                             1.58%
Multimanager Technology                                1.64%
EQ/AllianceBernstein Common Stock                      0.83%
EQ/AllianceBernstein Growth and Income                 0.92%
EQ/AllianceBernstein Large Cap Growth                  1.03%
EQ/AllianceBernstein Small Cap Growth                  1.11%
EQ/AllianceBernstein Value                             0.94%
EQ/Ariel Appreciation II                               1.01%
EQ/BlackRock Basic Value Equity                        0.93%
EQ/Capital Guardian Growth                             0.94%
EQ/Capital Guardian Research                           0.94%
EQ/Capital Guardian U.S. Equity                        0.94%
EQ/Davis New York Venture                              1.27%
EQ/Evergreen Omega                                     1.05%
EQ/FI Mid Cap                                          0.97%
EQ/FI Mid Cap Value                                    1.09%
EQ/GAMCO Mergers and Acquisitions                      1.37%
EQ/GAMCO Small Company Value                           1.16%
EQ/Janus Large Cap Growth                              1.14%
EQ/Legg Mason Value Equity                             0.97%
EQ/Lord Abbett Growth and Income                       0.99%
EQ/Lord Abbett Large Cap Core                          0.99%
EQ/Marsico Focus                                       1.14%
EQ/MFS Emerging Growth Companies                       1.03%
EQ/MFS Investors Trust                                 0.94%
EQ/Montag & Caldwell Growth                            1.13%
EQ/Mutual Shares                                       1.30%
EQ/Small Cap Value                                     1.02%
EQ/UBS Growth and Income                               1.03%
EQ/Van Kampen Comstock                                 0.99%
EQ/Van Kampen Emerging Markets Equity                  1.75%
EQ/Van Kampen Mid Cap Growth                           1.01%
EQ/Wells Fargo Montgomery Small Cap                    1.20%
- ------------------------------------------------------------




EXAMPLE


This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the Guaranteed minimum income benefit with the enhanced death
benefit that provides for the greater of the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85 and Protection Plus) would pay in the situations illustrated.
The example uses an average annual administrative charge based on the charges
paid in 2006, which results in an estimated administrative charge of .01% of
contract value.


The fixed maturity options, guaranteed interest option and the account for
special dollar cost averaging are not covered by the fee table and example.
However, the annual administrative charge, the withdrawal charge, the charge
for any optional benefits and the charge if you elect a Variable Immediate
Annuity payout option do apply to the fixed maturity options, guaranteed
interest option and the account for special dollar cost averaging. A market
value adjustment (up or down) may apply as a result of a withdrawal, transfer,
or surrender of amounts from a fixed maturity option.

The example assumes that you invest $10,000 in the contract for the time
periods indicated and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representa-

18 Fee table



tion of past or future expenses for each option. Actual expenses may be greater
or less than those shown. Similarly, the annual rate of return assumed in the
example is not an estimate or guarantee of future investment performance.

Although your actual costs may be higher or lower, based on these assumptions,
your costs would be:

                                                                    Fee table 19






- -----------------------------------------------------------------------------------------------------------------
                                                                   If you surrender your contract at the end
                                                                         of the applicable time period
                                                          -------------------------------------------------------
                        Portfolio Name                      1 year        3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------------------
                                                                                           
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 $ 1,295.00     $ 2,109.00     $ 2,557.00     $ 5,338.00
AXA Conservative Allocation                               $ 1,274.00     $ 2,048.00     $ 2,459.00     $ 5,164.00
AXA Conservative-Plus Allocation                          $ 1,275.00     $ 2,051.00     $ 2,464.00     $ 5,172.00
AXA Moderate Allocation                                   $ 1,280.00     $ 2,066.00     $ 2,489.00     $ 5,216.00
AXA Moderate-Plus Allocation                              $ 1,287.00     $ 2,087.00     $ 2,523.00     $ 5,277.00
Multimanager Aggressive Equity*                           $ 1,254.00     $ 1,990.00     $ 2,366.00     $ 4,994.00
Multimanager Core Bond*                                   $ 1,251.00     $ 1,981.00     $ 2,351.00     $ 4,967.00
Multimanager Health Care*                                 $ 1,320.00     $ 2,181.00     $ 2,673.00     $ 5,543.00
Multimanager High Yield*                                  $ 1,250.00     $ 1,978.00     $ 2,346.00     $ 4,958.00
Multimanager International Equity*                        $ 1,304.00     $ 2,136.00     $ 2,601.00     $ 5,416.00
Multimanager Large Cap Core Equity*                       $ 1,285.00     $ 2,081.00     $ 2,513.00     $ 5,260.00
Multimanager Large Cap Growth*                            $ 1,287.00     $ 2,087.00     $ 2,523.00     $ 5,277.00
Multimanager Large Cap Value*                             $ 1,285.00     $ 2,081.00     $ 2,513.00     $ 5,260.00
Multimanager Mid Cap Growth*                              $ 1,307.00     $ 2,145.00     $ 2,615.00     $ 5,441.00
Multimanager Mid Cap Value*                               $ 1,310.00     $ 2,154.00     $ 2,630.00     $ 5,467.00
Multimanager Technology*                                  $ 1,320.00     $ 2,181.00     $ 2,673.00     $ 5,543.00
- -----------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         $ 1,233.00     $ 1,928.00     $ 2,266.00     $ 4,812.00
EQ/AllianceBernstein Growth and Income++                  $ 1,241.00     $ 1,953.00     $ 2,306.00     $ 4,885.00
EQ/AllianceBernstein Intermediate Government Securities   $ 1,237.00     $ 1,941.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein International                        $ 1,265.00     $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/AllianceBernstein Large Cap Growth                     $ 1,276.00     $ 2,054.00     $ 2,469.00     $ 5,181.00
EQ/AllianceBernstein Quality Bond                         $ 1,237.00     $ 1,941.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein Small Cap Growth                     $ 1,261.00     $ 2,011.00     $ 2,400.00     $ 5,057.00
EQ/AllianceBernstein Value                                $ 1,246.00     $ 1,968.00     $ 2,331.00     $ 4,931.00
EQ/Ariel Appreciation II                                  $ 1,302.00     $ 2,130.00     $ 2,591.00     $ 5,398.00
EQ/AXA Rosenberg Value Long/Short Equity                  $ 1,468.00     $ 2,601.00     $ 3,330.00     $ 6,644.00
EQ/BlackRock Basic Value Equity*                          $ 1,242.00     $ 1,956.00     $ 2,311.00     $ 4,894.00
EQ/BlackRock International Value*                         $ 1,278.00     $ 2,060.00     $ 2,479.00     $ 5,199.00
EQ/Boston Advisors Equity Income                          $ 1,264.00     $ 2,020.00     $ 2,415.00     $ 5,084.00
EQ/Calvert Socially Responsible                           $ 1,264.00     $ 2,020.00     $ 2,415.00     $ 5,084.00
EQ/Capital Guardian Growth                                $ 1,255.00     $ 1,993.00     $ 2,371.00     $ 5,003.00
EQ/Capital Guardian International+                        $ 1,279.00     $ 2,063.00     $ 2,484.00     $ 5,208.00
EQ/Capital Guardian Research                              $ 1,252.00     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Capital Guardian U.S. Equity ++                        $ 1,252.00     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Caywood-Scholl High Yield Bond                         $ 1,252.00     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Davis New York Venture                                 $ 1,337.00     $ 2,230.00     $ 2,750.00     $ 5,676.00
EQ/Equity 500 Index                                       $ 1,210.00     $ 1,861.00     $ 2,156.00     $ 4,607.00
EQ/Evergreen International Bond                           $ 1,267.00     $ 2,030.00     $ 2,430.00     $ 5,110.00
EQ/Evergreen Omega                                        $ 1,260.00     $ 2,008.00     $ 2,395.00     $ 5,048.00
EQ/FI Mid Cap                                             $ 1,257.00     $ 1,999.00     $ 2,381.00     $ 5,021.00
EQ/FI Mid Cap Value+                                      $ 1,260.00     $ 2,008.00     $ 2,395.00     $ 5,048.00
- -----------------------------------------------------------------------------------------------------------------




- -----------------------------------------------------------------------------------------------------------------
                                                                           If you annuitize at the end
                                                                          of the applicable time period
                                                          -------------------------------------------------------
                        Portfolio Name                      1 year        3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------------------
                                                                                           
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                   N/A          $ 2,109.00     $ 2,557.00     $ 5,338.00
AXA Conservative Allocation                                 N/A          $ 2,048.00     $ 2,459.00     $ 5,164.00
AXA Conservative-Plus Allocation                            N/A          $ 2,051.00     $ 2,464.00     $ 5,172.00
AXA Moderate Allocation                                     N/A          $ 2,066.00     $ 2,489.00     $ 5,216.00
AXA Moderate-Plus Allocation                                N/A          $ 2,087.00     $ 2,523.00     $ 5,277.00
Multimanager Aggressive Equity*                             N/A          $ 1,990.00     $ 2,366.00     $ 4,994.00
Multimanager Core Bond*                                     N/A          $ 1,981.00     $ 2,351.00     $ 4,967.00
Multimanager Health Care*                                   N/A          $ 2,181.00     $ 2,673.00     $ 5,543.00
Multimanager High Yield*                                    N/A          $ 1,978.00     $ 2,346.00     $ 4,958.00
Multimanager International Equity*                          N/A          $ 2,136.00     $ 2,601.00     $ 5,416.00
Multimanager Large Cap Core Equity*                         N/A          $ 2,081.00     $ 2,513.00     $ 5,260.00
Multimanager Large Cap Growth*                              N/A          $ 2,087.00     $ 2,523.00     $ 5,277.00
Multimanager Large Cap Value*                               N/A          $ 2,081.00     $ 2,513.00     $ 5,260.00
Multimanager Mid Cap Growth*                                N/A          $ 2,145.00     $ 2,615.00     $ 5,441.00
Multimanager Mid Cap Value*                                 N/A          $ 2,154.00     $ 2,630.00     $ 5,467.00
Multimanager Technology*                                    N/A          $ 2,181.00     $ 2,673.00     $ 5,543.00
- -----------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           N/A          $ 1,928.00     $ 2,266.00     $ 4,812.00
EQ/AllianceBernstein Growth and Income++                    N/A          $ 1,953.00     $ 2,306.00     $ 4,885.00
EQ/AllianceBernstein Intermediate Government Securities     N/A          $ 1,941.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein International                          N/A          $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/AllianceBernstein Large Cap Growth                       N/A          $ 2,054.00     $ 2,469.00     $ 5,181.00
EQ/AllianceBernstein Quality Bond                           N/A          $ 1,941.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein Small Cap Growth                       N/A          $ 2,011.00     $ 2,400.00     $ 5,057.00
EQ/AllianceBernstein Value                                  N/A          $ 1,968.00     $ 2,331.00     $ 4,931.00
EQ/Ariel Appreciation II                                    N/A          $ 2,130.00     $ 2,591.00     $ 5,398.00
EQ/AXA Rosenberg Value Long/Short Equity                    N/A          $ 2,601.00     $ 3,330.00     $ 6,644.00
EQ/BlackRock Basic Value Equity*                            N/A          $ 1,956.00     $ 2,311.00     $ 4,894.00
EQ/BlackRock International Value*                           N/A          $ 2,060.00     $ 2,479.00     $ 5,199.00
EQ/Boston Advisors Equity Income                            N/A          $ 2,020.00     $ 2,415.00     $ 5,084.00
EQ/Calvert Socially Responsible                             N/A          $ 2,020.00     $ 2,415.00     $ 5,084.00
EQ/Capital Guardian Growth                                  N/A          $ 1,993.00     $ 2,371.00     $ 5,003.00
EQ/Capital Guardian International+                          N/A          $ 2,063.00     $ 2,484.00     $ 5,208.00
EQ/Capital Guardian Research                                N/A          $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Capital Guardian U.S. Equity ++                          N/A          $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Caywood-Scholl High Yield Bond                           N/A          $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Davis New York Venture                                   N/A          $ 2,230.00     $ 2,750.00     $ 5,676.00
EQ/Equity 500 Index                                         N/A          $ 1,861.00     $ 2,156.00     $ 4,607.00
EQ/Evergreen International Bond                             N/A          $ 2,030.00     $ 2,430.00     $ 5,110.00
EQ/Evergreen Omega                                          N/A          $ 2,008.00     $ 2,395.00     $ 5,048.00
EQ/FI Mid Cap                                               N/A          $ 1,999.00     $ 2,381.00     $ 5,021.00
EQ/FI Mid Cap Value+                                        N/A          $ 2,008.00     $ 2,395.00     $ 5,048.00
- -----------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------
                                                                  If you do not surrender your contract at the
                                                                       end of the applicable time period
                                                            -----------------------------------------------------
                        Portfolio Name                      1 year        3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------------------
                                                                                           
AXA Aggressive Allocation                                   $ 495.00     $ 1,509.00     $ 2,557.00     $ 5,338.00
AXA Conservative Allocation                                 $ 474.00     $ 1,448.00     $ 2,459.00     $ 5,164.00
AXA Conservative-Plus Allocation                            $ 475.00     $ 1,451.00     $ 2,464.00     $ 5,172.00
AXA Moderate Allocation                                     $ 480.00     $ 1,466.00     $ 2,489.00     $ 5,216.00
AXA Moderate-Plus Allocation                                $ 487.00     $ 1,487.00     $ 2,523.00     $ 5,277.00
Multimanager Aggressive Equity*                             $ 454.00     $ 1,390.00     $ 2,366.00     $ 4,994.00
Multimanager Core Bond*                                     $ 451.00     $ 1,381.00     $ 2,351.00     $ 4,967.00
Multimanager Health Care*                                   $ 520.00     $ 1,581.00     $ 2,673.00     $ 5,543.00
Multimanager High Yield*                                    $ 450.00     $ 1,378.00     $ 2,346.00     $ 4,958.00
Multimanager International Equity*                          $ 504.00     $ 1,536.00     $ 2,601.00     $ 5,416.00
Multimanager Large Cap Core Equity*                         $ 485.00     $ 1,481.00     $ 2,513.00     $ 5,260.00
Multimanager Large Cap Growth*                              $ 487.00     $ 1,487.00     $ 2,523.00     $ 5,277.00
Multimanager Large Cap Value*                               $ 485.00     $ 1,481.00     $ 2,513.00     $ 5,260.00
Multimanager Mid Cap Growth*                                $ 507.00     $ 1,545.00     $ 2,615.00     $ 5,441.00
Multimanager Mid Cap Value*                                 $ 510.00     $ 1,554.00     $ 2,630.00     $ 5,467.00
Multimanager Technology*                                    $ 520.00     $ 1,581.00     $ 2,673.00     $ 5,543.00
- -----------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           $ 433.00     $ 1,328.00     $ 2,266.00     $ 4,812.00
EQ/AllianceBernstein Growth and Income++                    $ 441.00     $ 1,353.00     $ 2,306.00     $ 4,885.00
EQ/AllianceBernstein Intermediate Government Securities     $ 437.00     $ 1,341.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein International                          $ 465.00     $ 1,423.00     $ 2,420.00     $ 5,093.00
EQ/AllianceBernstein Large Cap Growth                       $ 476.00     $ 1,454.00     $ 2,469.00     $ 5,181.00
EQ/AllianceBernstein Quality Bond                           $ 437.00     $ 1,341.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein Small Cap Growth                       $ 461.00     $ 1,411.00     $ 2,400.00     $ 5,057.00
EQ/AllianceBernstein Value                                  $ 446.00     $ 1,368.00     $ 2,331.00     $ 4,931.00
EQ/Ariel Appreciation II                                    $ 502.00     $ 1,530.00     $ 2,591.00     $ 5,398.00
EQ/AXA Rosenberg Value Long/Short Equity                    $ 668.00     $ 2,001.00     $ 3,330.00     $ 6,644.00
EQ/BlackRock Basic Value Equity*                            $ 442.00     $ 1,356.00     $ 2,311.00     $ 4,894.00
EQ/BlackRock International Value*                           $ 478.00     $ 1,460.00     $ 2,479.00     $ 5,199.00
EQ/Boston Advisors Equity Income                            $ 464.00     $ 1,420.00     $ 2,415.00     $ 5,084.00
EQ/Calvert Socially Responsible                             $ 464.00     $ 1,420.00     $ 2,415.00     $ 5,084.00
EQ/Capital Guardian Growth                                  $ 455.00     $ 1,393.00     $ 2,371.00     $ 5,003.00
EQ/Capital Guardian International+                          $ 479.00     $ 1,463.00     $ 2,484.00     $ 5,208.00
EQ/Capital Guardian Research                                $ 452.00     $ 1,384.00     $ 2,356.00     $ 4,976.00
EQ/Capital Guardian U.S. Equity ++                          $ 452.00     $ 1,384.00     $ 2,356.00     $ 4,976.00
EQ/Caywood-Scholl High Yield Bond                           $ 452.00     $ 1,384.00     $ 2,356.00     $ 4,976.00
EQ/Davis New York Venture                                   $ 537.00     $ 1,630.00     $ 2,750.00     $ 5,676.00
EQ/Equity 500 Index                                         $ 410.00     $ 1,261.00     $ 2,156.00     $ 4,607.00
EQ/Evergreen International Bond                             $ 467.00     $ 1,430.00     $ 2,430.00     $ 5,110.00
EQ/Evergreen Omega                                          $ 460.00     $ 1,408.00     $ 2,395.00     $ 5,048.00
EQ/FI Mid Cap                                               $ 457.00     $ 1,399.00     $ 2,381.00     $ 5,021.00
EQ/FI Mid Cap Value+                                        $ 460.00     $ 1,408.00     $ 2,395.00     $ 5,048.00
- -----------------------------------------------------------------------------------------------------------------


20 Fee table






- -----------------------------------------------------------------------------------------------------------------
                                                                     If you surrender your contract at the end
                                                                           of the applicable time period
                                                            -----------------------------------------------------
                        Portfolio Name                      1 year        3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------------------
                                                                                           
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------------
EQ/Franklin Income                                          $ 1,304.00   $ 2,136.00     $ 2,601.00     $ 5,416.00
EQ/Franklin Small Cap Value                                 $ 1,474.00   $ 2,618.00     $ 3,357.00     $ 6,687.00
EQ/Franklin Templeton Founding Strategy**                   $ 1,309.00   $ 2,151.00     $ 2,625.00     $ 5,458.00
EQ/GAMCO Mergers and Acquisitions                           $ 1,299.00   $ 2,121.00     $ 2,576.00     $ 5,373.00
EQ/GAMCO Small Company Value                                $ 1,266.00   $ 2,027.00     $ 2,425.00     $ 5,101.00
EQ/International Growth                                     $ 1,296.00   $ 2,112.00     $ 2,562.00     $ 5,347.00
EQ/Janus Large Cap Growth++                                 $ 1,280.00   $ 2,066.00     $ 2,489.00     $ 5,216.00
EQ/JPMorgan Core Bond                                       $ 1,232.00   $ 1,925.00     $ 2,261.00     $ 4,803.00
EQ/JPMorgan Value Opportunities                             $ 1,250.00   $ 1,978.00     $ 2,346.00     $ 4,958.00
EQ/Legg Mason Value Equity                                  $ 1,261.00   $ 2,011.00     $ 2,400.00     $ 5,057.00
EQ/Long Term Bond                                           $ 1,231.00   $ 1,922.00     $ 2,256.00     $ 4,794.00
EQ/Lord Abbett Growth and Income                            $ 1,265.00   $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/Lord Abbett Large Cap Core                               $ 1,281.00   $ 2,069.00     $ 2,494.00     $ 5,225.00
EQ/Lord Abbett Mid Cap Value                                $ 1,262.00   $ 2,014.00     $ 2,405.00     $ 5,066.00
EQ/Marsico Focus                                            $ 1,273.00   $ 2,045.00     $ 2,454.00     $ 5,155.00
EQ/MFS Emerging Growth Companies+                           $ 1,254.00   $ 1,990.00     $ 2,366.00     $ 4,994.00
EQ/MFS Investors Trust+                                     $ 1,250.00   $ 1,978.00     $ 2,346.00     $ 4,958.00
EQ/Money Market                                             $ 1,219.00   $ 1,888.00     $ 2,201.00     $ 4,692.00
EQ/Montag & Caldwell Growth                                 $ 1,265.00   $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/Mutual Shares                                            $ 1,317.00   $ 2,172.00     $ 2,659.00     $ 5,518.00
EQ/Oppenheimer Global                                       $ 1,407.00   $ 2,430.00     $ 3,065.00     $ 6,211.00
EQ/Oppenheimer Main Street Opportunity                      $ 1,425.00   $ 2,480.00     $ 3,143.00     $ 6,341.00
EQ/Oppenheimer Main Street Small Cap                        $ 1,420.00   $ 2,465.00     $ 3,120.00     $ 6,303.00
EQ/PIMCO Real Return                                        $ 1,246.00   $ 1,968.00     $ 2,331.00     $ 4,931.00
EQ/Short Duration Bond                                      $ 1,230.00   $ 1,919.00     $ 2,251.00     $ 4,784.00
EQ/Small Cap Value+                                         $ 1,262.00   $ 2,014.00     $ 2,405.00     $ 5,066.00
EQ/Small Company Growth+                                    $ 1,293.00   $ 2,103.00     $ 2,547.00     $ 5,321.00
EQ/Small Company Index                                      $ 1,214.00   $ 1,873.00     $ 2,176.00     $ 4,645.00
EQ/TCW Equity ++                                            $ 1,271.00   $ 2,039.00     $ 2,445.00     $ 5,137.00
EQ/Templeton Growth                                         $ 1,337.00   $ 2,230.00     $ 2,750.00     $ 5,676.00
EQ/UBS Growth and Income                                    $ 1,266.00   $ 2,027.00     $ 2,425.00     $ 5,101.00
EQ/Van Kampen Comstock                                      $ 1,258.00   $ 2,002.00     $ 2,385.00     $ 5,030.00
EQ/Van Kampen Emerging Markets Equity                       $ 1,329.00   $ 2,209.00     $ 2,716.00     $ 5,618.00
EQ/Van Kampen Mid Cap Growth                                $ 1,267.00   $ 2,030.00     $ 2,430.00     $ 5,110.00
EQ/Wells Fargo Montgomery Small Cap++                       $ 1,302.00   $ 2,130.00     $ 2,591.00     $ 5,398.00
- -----------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- -----------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                              $ 1,286.00   $ 2,084.00     $ 2,518.00     $ 5,269.00



- -----------------------------------------------------------------------------------------------------------------
                                                                        If you annuitize at the end of the
                                                                              applicable time period
                                                            -----------------------------------------------------
                        Portfolio Name                      1 year        3 years        5 years       10 years
- -----------------------------------------------------------------------------------------------------------------
                                                                                           
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------------
EQ/Franklin Income                                            N/A        $ 2,136.00     $ 2,601.00     $ 5,416.00
EQ/Franklin Small Cap Value                                   N/A        $ 2,618.00     $ 3,357.00     $ 6,687.00
EQ/Franklin Templeton Founding Strategy**                     N/A        $ 2,151.00     $ 2,625.00     $ 5,458.00
EQ/GAMCO Mergers and Acquisitions                             N/A        $ 2,121.00     $ 2,576.00     $ 5,373.00
EQ/GAMCO Small Company Value                                  N/A        $ 2,027.00     $ 2,425.00     $ 5,101.00
EQ/International Growth                                       N/A        $ 2,112.00     $ 2,562.00     $ 5,347.00
EQ/Janus Large Cap Growth++                                   N/A        $ 2,066.00     $ 2,489.00     $ 5,216.00
EQ/JPMorgan Core Bond                                         N/A        $ 1,925.00     $ 2,261.00     $ 4,803.00
EQ/JPMorgan Value Opportunities                               N/A        $ 1,978.00     $ 2,346.00     $ 4,958.00
EQ/Legg Mason Value Equity                                    N/A        $ 2,011.00     $ 2,400.00     $ 5,057.00
EQ/Long Term Bond                                             N/A        $ 1,922.00     $ 2,256.00     $ 4,794.00
EQ/Lord Abbett Growth and Income                              N/A        $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/Lord Abbett Large Cap Core                                 N/A        $ 2,069.00     $ 2,494.00     $ 5,225.00
EQ/Lord Abbett Mid Cap Value                                  N/A        $ 2,014.00     $ 2,405.00     $ 5,066.00
EQ/Marsico Focus                                              N/A        $ 2,045.00     $ 2,454.00     $ 5,155.00
EQ/MFS Emerging Growth Companies+                             N/A        $ 1,990.00     $ 2,366.00     $ 4,994.00
EQ/MFS Investors Trust+                                       N/A        $ 1,978.00     $ 2,346.00     $ 4,958.00
EQ/Money Market                                               N/A        $ 1,888.00     $ 2,201.00     $ 4,692.00
EQ/Montag & Caldwell Growth                                   N/A        $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/Mutual Shares                                              N/A        $ 2,172.00     $ 2,659.00     $ 5,518.00
EQ/Oppenheimer Global                                         N/A        $ 2,430.00     $ 3,065.00     $ 6,211.00
EQ/Oppenheimer Main Street Opportunity                        N/A        $ 2,480.00     $ 3,143.00     $ 6,341.00
EQ/Oppenheimer Main Street Small Cap                          N/A        $ 2,465.00     $ 3,120.00     $ 6,303.00
EQ/PIMCO Real Return                                          N/A        $ 1,968.00     $ 2,331.00     $ 4,931.00
EQ/Short Duration Bond                                        N/A        $ 1,919.00     $ 2,251.00     $ 4,784.00
EQ/Small Cap Value+                                           N/A        $ 2,014.00     $ 2,405.00     $ 5,066.00
EQ/Small Company Growth+                                      N/A        $ 2,103.00     $ 2,547.00     $ 5,321.00
EQ/Small Company Index                                        N/A        $ 1,873.00     $ 2,176.00     $ 4,645.00
EQ/TCW Equity ++                                              N/A        $ 2,039.00     $ 2,445.00     $ 5,137.00
EQ/Templeton Growth                                           N/A        $ 2,230.00     $ 2,750.00     $ 5,676.00
EQ/UBS Growth and Income                                      N/A        $ 2,027.00     $ 2,425.00     $ 5,101.00
EQ/Van Kampen Comstock                                        N/A        $ 2,002.00     $ 2,385.00     $ 5,030.00
EQ/Van Kampen Emerging Markets Equity                         N/A        $ 2,209.00     $ 2,716.00     $ 5,618.00
EQ/Van Kampen Mid Cap Growth                                  N/A        $ 2,030.00     $ 2,430.00     $ 5,110.00
EQ/Wells Fargo Montgomery Small Cap++                         N/A        $ 2,130.00     $ 2,591.00     $ 5,398.00
- -----------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- -----------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                                N/A        $ 2,084.00     $ 2,518.00     $ 5,269.00



- -----------------------------------------------------------------------------------------------------------------
                                                               If you do not surrender your contract at the end
                                                                       of the applicable time period
                                                            -----------------------------------------------------
                        Portfolio Name                      1 year        3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------------------
                                                                                           
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------------
EQ/Franklin Income                                          $ 504.00     $ 1,536.00     $ 2,601.00     $ 5,416.00
EQ/Franklin Small Cap Value                                 $ 674.00     $ 2,018.00     $ 3,357.00     $ 6,687.00
EQ/Franklin Templeton Founding Strategy**                   $ 509.00     $ 1,551.00     $ 2,625.00     $ 5,458.00
EQ/GAMCO Mergers and Acquisitions                           $ 499.00     $ 1,521.00     $ 2,576.00     $ 5,373.00
EQ/GAMCO Small Company Value                                $ 466.00     $ 1,427.00     $ 2,425.00     $ 5,101.00
EQ/International Growth                                     $ 496.00     $ 1,512.00     $ 2,562.00     $ 5,347.00
EQ/Janus Large Cap Growth++                                 $ 480.00     $ 1,466.00     $ 2,489.00     $ 5,216.00
EQ/JPMorgan Core Bond                                       $ 432.00     $ 1,325.00     $ 2,261.00     $ 4,803.00
EQ/JPMorgan Value Opportunities                             $ 450.00     $ 1,378.00     $ 2,346.00     $ 4,958.00
EQ/Legg Mason Value Equity                                  $ 461.00     $ 1,411.00     $ 2,400.00     $ 5,057.00
EQ/Long Term Bond                                           $ 431.00     $ 1,322.00     $ 2,256.00     $ 4,794.00
EQ/Lord Abbett Growth and Income                            $ 465.00     $ 1,423.00     $ 2,420.00     $ 5,093.00
EQ/Lord Abbett Large Cap Core                               $ 481.00     $ 1,469.00     $ 2,494.00     $ 5,225.00
EQ/Lord Abbett Mid Cap Value                                $ 462.00     $ 1,414.00     $ 2,405.00     $ 5,066.00
EQ/Marsico Focus                                            $ 473.00     $ 1,445.00     $ 2,454.00     $ 5,155.00
EQ/MFS Emerging Growth Companies+                           $ 454.00     $ 1,390.00     $ 2,366.00     $ 4,994.00
EQ/MFS Investors Trust+                                     $ 450.00     $ 1,378.00     $ 2,346.00     $ 4,958.00
EQ/Money Market                                             $ 419.00     $ 1,288.00     $ 2,201.00     $ 4,692.00
EQ/Montag & Caldwell Growth                                 $ 465.00     $ 1,423.00     $ 2,420.00     $ 5,093.00
EQ/Mutual Shares                                            $ 517.00     $ 1,572.00     $ 2,659.00     $ 5,518.00
EQ/Oppenheimer Global                                       $ 607.00     $ 1,830.00     $ 3,065.00     $ 6,211.00
EQ/Oppenheimer Main Street Opportunity                      $ 625.00     $ 1,880.00     $ 3,143.00     $ 6,341.00
EQ/Oppenheimer Main Street Small Cap                        $ 620.00     $ 1,865.00     $ 3,120.00     $ 6,303.00
EQ/PIMCO Real Return                                        $ 446.00     $ 1,368.00     $ 2,331.00     $ 4,931.00
EQ/Short Duration Bond                                      $ 430.00     $ 1,319.00     $ 2,251.00     $ 4,784.00
EQ/Small Cap Value+                                         $ 462.00     $ 1,414.00     $ 2,405.00     $ 5,066.00
EQ/Small Company Growth+                                    $ 493.00     $ 1,503.00     $ 2,547.00     $ 5,321.00
EQ/Small Company Index                                      $ 414.00     $ 1,273.00     $ 2,176.00     $ 4,645.00
EQ/TCW Equity ++                                            $ 471.00     $ 1,439.00     $ 2,445.00     $ 5,137.00
EQ/Templeton Growth                                         $ 537.00     $ 1,630.00     $ 2,750.00     $ 5,676.00
EQ/UBS Growth and Income                                    $ 466.00     $ 1,427.00     $ 2,425.00     $ 5,101.00
EQ/Van Kampen Comstock                                      $ 458.00     $ 1,402.00     $ 2,385.00     $ 5,030.00
EQ/Van Kampen Emerging Markets Equity                       $ 529.00     $ 1,609.00     $ 2,716.00     $ 5,618.00
EQ/Van Kampen Mid Cap Growth                                $ 467.00     $ 1,430.00     $ 2,430.00     $ 5,110.00
EQ/Wells Fargo Montgomery Small Cap++                       $ 502.00     $ 1,530.00     $ 2,591.00     $ 5,398.00
- -----------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- -----------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                              $ 486.00     $ 1,484.00     $ 2,518.00     $ 5,269.00




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


                                                                    Fee table 21




CONDENSED FINANCIAL INFORMATION

Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


22 Fee table



1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $10,000 for you
to purchase a contract. You may make additional contributions of: (i) at least
$500 each for NQ, QP and Rollover TSA contracts; (ii) $50 each for Rollover IRA
and Roth conversion IRA contracts; and (iii) $1,000 for Inherited IRA
contracts, subject to limitations noted below. The following table summarizes
our rules regarding contributions to your contract. In some states, our rules
may vary. All ages in the table refer to the age of the annuitant named in the
contract.


We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are ages 81
and older at contract issue)--if you are an existing contract owner, this
restriction may not apply to you. See Appendix IX later in this Prospectus for
more information. We may also refuse to accept any contribution if the sum of
all contributions under all AXA Equitable annuity accumulation contracts with
the same owner or annuitant would then total more than $2,500,000. We may waive
these contribution limitations based on certain criteria, including benefits
that have been elected, issue age, the total amount of contributions, variable
investment option allocations and selling broker-dealer compensation. We
reserve the right to limit aggregate contributions made after the first
contract year to 150% of first-year contributions. We may accept less than the
minimum initial contribution under a contract if an aggregate amount of
contracts purchased at the same time by an individual (including spouse) meets
the minimum.

- --------------------------------------------------------------------------------
The "annuitant" is the person who is the measuring life for determining
contract benefits. The annuitant is not necessarily the contract owner.
- --------------------------------------------------------------------------------





- ------------------------------------------------------------------------------------------------------------------------------------
                 Available
                 for annuitant    Minimum
Contract type    issue ages*      contributions                 Source of contributions        Limitations on contributions(+)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
NQ               0 through 85     o $10,000 (initial).          o After-tax money.             o No additional contributions
                                                                                                 after attainment of age 87.*
                                  o $500 (additional)           o Paid to us by check or
                                                                  transfer of contract value
                                  o $100 monthly and              in a tax-deferred exchange
                                    $300 quarterly under our      under Section 1035 of the
                                    automatic investment          Internal Revenue Code.
                                    program (additional)
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 23






- ------------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant   Minimum
 Contract type    issue ages*     contributions                 Source of contributions        Limitations on contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
Rollover IRA      20 through 85   o $10,000 (initial)           o Eligible rollover distribu-  o No rollover or direct transfer
                                                                  tions from TSA contracts or    contributions after attain-
                                  o $50 (additional)              other 403(b) arrangements,     ment of age 87.*
                                                                  qualified plans, and govern-
                                                                  mental employer 457(b)       o Contributions after age 70-1/2
                                                                  plans.                         must be net of required
                                                                                                 minimum distributions.
                                                                o Rollovers from another
                                                                  traditional individual       o Although we accept regular
                                                                  retire ment arrangement.       IRA contributions (limited to
                                                                                                 $4,000 for 2007 and
                                                                o Direct custodian-to-           $5,000 for 2008), under the
                                                                  custodian transfers from       Rollover IRA contracts, we
                                                                  another traditional indi-      intend that this contract be
                                                                  vidual retirement              used primarily for rollover
                                                                  arrangement.                   and direct transfer
                                                                                                 contributions.
                                                                o Regular IRA contributions.
                                                                                               o Additional catch-up contri-
                                                                o Additional "catch-up"          butions of up to $1,000 per
                                                                  contributions.                 calendar year where the
                                                                                                 owner is at least age 50 but
                                                                                                 under age 70-1/2 at any time
                                                                                                 during the calendar year for
                                                                                                 which the contribution is
                                                                                                 made.
- ------------------------------------------------------------------------------------------------------------------------------------
Roth Conversion   20 through 85     o $10,000 (initial)         o Rollovers from another       o No additional rollover or
IRA                                                               Roth IRA.                      direct transfer contributions
                                    o $50 (additional)                                           after attainment of age 87.*
                                                                o Rollovers from a "desig-
                                                                  nated Roth contribution      o Conversion rollovers after
                                                                  account" under a 401(k)        age 70-1/2 must be net of
                                                                  plan or 403(b)                 required minimum distribu-
                                                                  arrangement.                   tions for the traditional IRA
                                                                                                 you are rolling over.
                                                                o Conversion rollovers from
                                                                  a traditional IRA.           o You cannot roll over funds
                                                                                                 from a traditional IRA if your
                                                                o Direct transfers from          adjusted gross income is
                                                                  another Roth IRA.              $100,000 or more.

                                                                o Regular Roth IRA             o Although we accept regular
                                                                  contributions.                 Roth IRA contributions (lim-
                                                                                                 ited to $4,000 for 2007 and
                                                                o Additional "catch-up"          $5,000 for 2008) under the
                                                                  contributions.                 Roth IRA contracts, we
                                                                                                 intend that this contract be
                                                                                                 used primarily for rollover
                                                                                                 and direct transfer
                                                                                                 contributions.

                                                                                               o Additional catch-up contri-
                                                                                                 butions of up to $1,000 per
                                                                                                 calendar year where the
                                                                                                 owner is at least age 50 at
                                                                                                 any time during the calendar
                                                                                                 year for which the contribu-
                                                                                                 tion is made.
- ------------------------------------------------------------------------------------------------------------------------------------



24 Contract features and benefits





- ------------------------------------------------------------------------------------------------------------------------------------
                  Available
                  for annuitant   Minimum
 Contract type    issue ages*     contributions                 Source of contributions        Limitations on contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
Rollover TSA       20 through 85  o $10,000 (initial)           o Direct transfers of pre-tax  o No additional rollover or
                                                                  funds from another contract    direct transfer contributions
                                  o $500 (additional)             or arrangement under Sec-      after attainment of age 87.*
                                                                  tion 403(b) of the Internal
                                                                  Revenue Code, complying      o Rollover or direct transfer
                                                                  with IRS Revenue Ruling        contributions after age 70-1/2
                                                                  90-24.                         must be net of any required
                                                                                                 minimum distributions.

                                                                o Eligible rollover distribu-  o We do not accept employer-
                                                                  tions of pre-tax funds from    remitted contributions.
                                                                  other 403(b) plans.

                                                                o Subsequent contributions
                                                                  may also be rollovers from
                                                                  qualified plans, governmen-
                                                                  tal employer 457(b) plans
                                                                  and traditional IRAs.
- ------------------------------------------------------------------------------------------------------------------------------------
QP                 20 through 75  o $10,000 (initial)           o Only transfer contributions  o A separate QP contract must
                                                                  from other investments         be established for each plan
                                  o  $500 (additional)            within an existing defined     participant.
                                                                  contribution qualified plan
                                                                  trust.                       o We do not accept regular
                                                                                                 ongoing payroll
                                                                o The plan must be qualified     contributions or contribu-
                                                                  under Section 401(a) of the    tions directly from the
                                                                  Internal Revenue Code.         employer.

                                                                o For 401(k) plans, trans-     o Only one additional transfer
                                                                  ferred contributions may       contribution may be made
                                                                  not include any after-tax      during a contract year.
                                                                  contributions, including
                                                                  designated Roth contribu-    o No additional transfer con-
                                                                  tions.                         tributions after participant's
                                                                                                 attainment of age 76 or, if
                                                                                                 later, the first contract date
                                                                                                 anniversary.

                                                                                               o Contributions after age 70-1/2
                                                                                                 must be net of any required
                                                                                                 minimum distributions.

                                                                                               o We do not accept contribu-
                                                                                                 tions from defined benefit
                                                                                                 plans.

Please refer to Appendix II at the end of this Prospectus for a discussion of purchase considerations of QP contracts.
- ------------------------------------------------------------------------------------------------------------------------------------
Inherited IRA      0 through 70   o $10,000 (initial)           o Direct custodian-to-         o Any additional contributions
Beneficiary Con-                  o $1,000 (additional)           custodian transfers of your    must be from the same type
tinuation                                                         interest as a death benefi-    of IRA of the same deceased
Contract (tradi-                                                  ciary of the deceased          owner.
tional IRA or                                                     owner's traditional indi-
Roth IRA)                                                         vidual retirement            o Non-spousal beneficiary
                                                                  arrangement or Roth IRA to     direct rollover contributions
                                                                  an IRA of the same type.       from qualified plans, 403(b)
                                                                                                 arrangements and govern-
                                                                                                 mental employer 457(b)
                                                                                                 plans may be made to a
                                                                                                 traditional Inherited IRA
                                                                                                 contract under specified
                                                                                                 circumstances.
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25




+ Additional contributions may not be permitted under certain conditions in
your state. If you purchase Guaranteed principal benefit option 2, no
contributions are permitted after the six month period beginning on the
contract date. Please see Appendix VIII later in the Prospectus to see if
additional contributions are permitted in your state.

* Please see Appendix IX for variations that may apply to your contract.


See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.

26 Contract features and benefits



OWNER AND ANNUITANT REQUIREMENTS


Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general, we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act in your
state. If the Spousal protection feature is available under your contract and
elected, the spouses must be joint owners, one of the spouses must be the
annuitant and both must be named as the only primary beneficiaries.

If you are purchasing this contract to fund a charitable remainder trust and
elect either the Guaranteed minimum income benefit ("GMIB") or an enhanced
death benefit, you should strongly consider "split-funding": that is, the trust
holds investments in addition to this Accumulator(R) Elite(SM) contract.
Charitable remainder trusts are required to take specific distributions. The
charitable remainder trust annual withdrawal requirement may be equal to a
percentage of the donated amount or a percentage of the current value of the
donated amount. If your Accumulator(R) contract is the only source for such
distributions, the payments you need to take may significantly reduce the value
of those guaranteed benefits. Such amount may be greater than the annual
increase in the GMIB and/or the enhanced death benefit base. See the discussion
of these benefits later in this section.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II later in this
Prospectus for more information on QP contracts.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealer.
Additional contributions may also be made under our automatic investment
program. These methods of payment, are discussed in detail in "More
information" later in this Prospectus.


- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------


Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain this
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

You can choose from among the variable investment options, the guaranteed
interest option, the fixed maturity options and the account for special dollar
cost averaging.

VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers. See "Inherited IRA beneficiary continuation
contract" later in this section for Inherited IRA owner and annuitant
requirements.

                                              Contract features and benefits  27



PORTFOLIOS OF THE TRUSTS


You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Elite(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors include the timing of stock purchases and sales;
differences in fund cash flows; and specific strategies employed by the
portfolio manager.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust                                                                     Investment Manager (or Sub-Adviser(s), as
 Portfolio Name(*)            Objective                                                    applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                        o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                        o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a           o AXA Equitable
 ALLOCATION                   greater emphasis on current income.                          o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.     o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,     o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                                 o AllianceBernstein L.P.
 EQUITY(1)                                                                                 o ClearBridge Advisors, LLC
                                                                                           o Legg Mason Capital Management, Inc.
                                                                                           o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital       o BlackRock Financial Management, Inc.
                              appreciation, consistent with a prudent level of risk.       o Pacific Investment Management Company
                                                                                             LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                                 o A I M Capital Management, Inc.
                                                                                           o RCM Capital Management LLC
                                                                                           o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current           o Pacific Investment Management Company
                              income and capital appreciation.                               LLC
                                                                                           o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                                 o AllianceBernstein L.P.
 EQUITY(5)                                                                                 o JPMorgan Investment Management Inc.
                                                                                           o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------



28 Contract features and benefits







- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust                                                                     Investment Manager (or Sub-Adviser(s), as
 Portfolio Name(*)            Objective                                                    applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
MULTIMANAGER LARGE CAP CORE   Long-term growth of capital.                                 o AllianceBernstein L.P.
 EQUITY(6)                                                                                 o Janus Capital Management LLC
                                                                                           o Thornburg Investment Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP        Long-term growth of capital.                                 o RCM Capital Management LLC
 GROWTH(7)                                                                                 o TCW Investment Management Company
                                                                                           o T. Rowe Price Associates, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP        Long-term growth of capital.                                 o AllianceBernstein L.P.
 VALUE(8)                                                                                  o Institutional Capital LLC
                                                                                           o MFS Investment Management
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP          Long-term growth of capital.                                 o AllianceBernstein L.P.
 GROWTH(9)                                                                                 o Franklin Advisers, Inc.
                                                                                           o Provident Investment Counsel, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP          Long-term growth of capital.                                 o AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                                 o TCW Investment Management Company
                                                                                           o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)   Long-term growth of capital.                                 o Firsthand Capital Management, Inc.
                                                                                           o RCM Capital Management LLC
                                                                                           o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
 Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COMMON      Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH      Seeks to provide a high total return.                     o AllianceBernstein L.P.
 AND INCOME++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERME-    Seeks to achieve high current income consistent with      o AllianceBernstein L.P.
 DIATE GOVERNMENT SECURITIES     relative stability of principal.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERNA-    Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 TIONAL
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE       Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY     Seeks to achieve high current income consistent with      o AllianceBernstein L.P.
 BOND                            moderate risk to capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL       Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE       Seeks capital appreciation.                               o AllianceBernstein L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II         Seeks long-term capital appreciation.                     o Ariel Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE LONG/     Seeks to increase value through bull markets and bear     o AXA Rosenberg Investment Management LLC
 SHORT EQUITY                    markets using strategies that are designed to limit
                                 exposure to general equity market risk.
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 29






- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
 Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
EQ/BLACKROCK BASIC VALUE         Seeks capital appreciation and secondarily, income.       o BlackRock Investment Management, LLC
 EQUITY(12)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL       Seeks to provide current income and long-term growth of   o BlackRock Investment Management
 VALUE(13)                       income, accompanied by growth of capital.                   International Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY        Seeks a combination of growth and income to achieve an    o Boston Advisors, LLC
 INCOME                          above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY              Seeks long-term capital appreciation.                     o Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                               o Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH       Seeks long-term growth of capital.                        o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN              To achieve long-term growth of capital.                   o Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN RESEARCH     Seeks to achieve long-term growth of capital.             o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.         Seeks to achieve long-term growth of capital.             o Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH YIELD     Seeks to maximize current income.                         o Caywood-Scholl Capital Management
 BOND                                                                                      o Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE        Seeks long-term growth of capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX              Seeks a total return before expenses that approximates    o AllianceBernstein L.P.
                                 the total return performance of the S&P 500 Index,
                                 including reinvestment of dividends, at a risk level
                                 consistent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL       Seeks capital growth and current income.                  o Evergreen Investment Management
 BOND                                                                                        Company, LLC   \
                                                                                           o First International Fund Advisors (dba
                                                                                             "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA               Seeks long-term capital growth.                           o Evergreen Investment Management
                                                                                             Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                    Seeks long-term growth of capital.                        o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+             Seeks long-term capital appreciation.                     o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME               Seeks to maximize income while maintaining prospects      o Franklin Advisers, Inc.
                                 for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE      Seeks long-term total return.                             o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON FOUND-     Primarily seeks capital appreciation and secondarily      o AXA Equitable
 ING STRATEGY(**)                seeks income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND ACQUI-      Seeks to achieve capital appreciation.                    o GAMCO Asset Management Inc.
 SITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY           Seeks to maximize capital appreciation.                   o GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH          Seeks to achieve capital appreciation.                    o MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++      Seeks long-term growth of capital.                        o Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND            Seeks to provide a high total return consistent with      o JPMorgan Investment Management Inc.
                                 moderate risk to capital and maintenance of liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------



30 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
 Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
EQ/JPMORGAN VALUE               Long-term capital appreciation.                            o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY      Seeks long-term growth of capital.                         o Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND               Seeks to maximize income and capital appreciation          o BlackRock Financial Management, Inc.
                                through investment in long-maturity debt obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND       Capital appreciation and growth of income without          o Lord, Abbett & Co. LLC
 INCOME                         excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP CORE   Capital appreciation and growth of income with reason-     o Lord, Abbett & Co. LLC
                                able risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE    Capital appreciation.                                      o Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS                Seeks long-term growth of capital.                         o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH          Seeks to provide long-term capital growth.                 o MFS Investment Management COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+         Seeks long-term growth of capital with a secondary         o MFS Investment Management
                                objective to seek reasonable current income. For purposes
                                of this Portfolio, the words "reasonable current income"
                                mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                 Seeks to obtain a high level of current income, preserve   o The Dreyfus Corporation
                                its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL            Seeks to achieve capital appreciation.                     o Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES                Seeks capital appreciation, which may occasionally be      o Franklin Mutual Advisers, LLC
                                short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL           Seeks capital appreciation.                                o OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      Seeks long-term capital appreciation.                      o OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      Seeks capital appreciation.                                o OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN            Seeks maximum real return consistent with preservation     o Pacific Investment Management Company,
                                of real capital and prudent investment management.           LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND          Seeks current income with reduced volatility               o BlackRock Financial Management, Inc.
                                of principal.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+             Seeks capital appreciation.                                o Lazard Asset Management LLC
                                                                                           o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+        Seeks to achieve capital appreciation.                     o Bear Stearns Asset Management Inc.
                                                                                           o Eagle Asset Management, Inc.
                                                                                           o Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX          Seeks to replicate as closely as possible (before the      o AllianceBernstein L.P.
                                deduction of portfolio expenses) the total return of the
                                Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                 Seeks to achieve long-term capital appreciation.           o TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH             Seeks long-term capital growth.                            o Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 31






- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
 Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return through capital              o UBS Global Asset Management
                                 appreciation with income as a secondary consideration.       (Americas) Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.                                 o Morgan Stanley Investment
                                                                                              Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING MAR-      Seeks long-term capital appreciation.                      o Morgan Stanley Investment
 KETS EQUITY                                                                                  Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.                                            o Morgan Stanley Investment
 GROWTH                                                                                       Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.                      o Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                   Objective                                                 Investment Manager
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income             o Van Kampen (is the name under which -
                                 and long-term capital appreciation by investing             Morgan Stanley Investment Management
                                 primarily in equity securities of companies in              Inc.does business in certain
                                 the U.S. real estate industry, including real               situations)
                                 estate investment trusts.
- ------------------------------------------------------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.

- ---------------------------------------------
  FN    Portfolio Name until May 29, 2007
- ---------------------------------------------
  (1)   AXA Premier VIP Aggressive Equity
- ---------------------------------------------
  (2)   AXA Premier VIP Core Bond
- ---------------------------------------------
  (3)   AXA Premier VIP Health Care
- ---------------------------------------------
  (4)   AXA Premier VIP High Yield
- ---------------------------------------------
  (5)   AXA Premier VIP International Equity
- ---------------------------------------------
  (6)   AXA Premier VIP Large Cap Core Equity
- ---------------------------------------------
  (7)   AXA Premier VIP Large Cap Growth
- ---------------------------------------------
  (8)   AXA Premier VIP Large Cap Value
- ---------------------------------------------
  (9)   AXA Premier VIP Mid Cap Growth
- ---------------------------------------------
  (10)  AXA Premier VIP Mid Cap Value
- ---------------------------------------------
  (11)  AXA Premier VIP Technology
- ---------------------------------------------
  (12)  EQ/Mercury Basic Value Equity
- ---------------------------------------------
  (13)  EQ/Mercury International Value
- ---------------------------------------------

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

You should consider the investment objectives, risks and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the Trusts
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may
call one of our customer service representatives at 1-800-789-7771.


32 Contract features and benefits



GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges, and any optional benefit
charges. See Appendix VIII later in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum
rate ranges from 1% to 3%. The data page for your contract shows the lifetime
minimum rate. Check with your financial professional as to which rate applies
in your state. The minimum yearly rate will never be less than the lifetime
minimum rate. The minimum yearly rate for 2007 is 3%. Current interest rates
will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfer from the guaranteed
interest option.

FIXED MATURITY OPTIONS


We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if, on the
date the contribution or transfer is to be applied, the rate to maturity is 3%.
This means that, at any given time, we may not offer fixed maturity options
with all ten possible maturity dates. You can allocate your contributions to
one or more of these fixed maturity options, however, you may not have more
than 12 different maturities running during any contract year. This limit
includes any maturities that have had any allocation or transfers even if the
entire amount is withdrawn or transferred during the contract year. These
amounts become part of a non-unitized separate account. They will accumulate
interest at the "rate to maturity" for each fixed maturity option. The total
amount you allocate to and accumulate in each fixed maturity option is called
the "fixed maturity amount." The fixed maturity options are not available in
all states. Check with your financial professional or see Appendix VIII later
in this Prospectus to see if fixed maturity options are available in your
state.


- --------------------------------------------------------------------------------
Fixed maturity options range from one to ten years to maturity.
- --------------------------------------------------------------------------------


Under the Special 10 year fixed maturity option (which is available only under
contracts that offer GPB Option 2), additional contributions will have the same
maturity date as your initial contribution (see "The Guaranteed Principal
Benefits," below). The rate to maturity you will receive for each additional
contribution is the rate to maturity in effect for new contributions allocated
to that fixed maturity option on the date we apply your contribution.


On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for annuitant ages 76 and older. See "Allocating your
contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Elite(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed below in "Allocating
your contributions," would apply:

(a)  transfer the maturity value into another available fixed maturity option,
     any of the variable investment options or the guaranteed interest option;
     or

(b)  withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007 the next available maturity date was February 15, 2008. If no fixed
maturity options are available we will transfer your maturity value to the
EQ/Money Market Option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a
fixed maturity option are used to purchase any annuity payment option prior to
the maturity date and may apply on payment of a death benefit. The market value



                                              Contract features and benefits  33




adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for withdrawal charges) of a portion of the amount in
the fixed maturity option will be a percentage of the market value adjustment
that would apply if you were to withdraw the entire amount in that fixed
maturity option. The market value adjustment applies to the amount remaining in
a fixed maturity option and does not reduce the actual amount of a withdrawal.
The amount applied to an annuity payout option will reflect the application of
any applicable market value adjustment (either positive or negative). We only
apply a positive market value adjustment to the amount in the fixed maturity
option when calculating any death benefit proceeds under your contract. The
amount of the adjustment will depend on two factors:


(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate we have in effect at that time for new fixed
     maturity options (adjusted to reflect a similar maturity date), and

(b)  the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.


We provide an illustration of the market adjusted amounts of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

The account for special dollar cost averaging is part of our general account.
We pay interest at guaranteed rates in this account. We will credit interest to
the amounts that you have in the account for special dollar cost averaging
every day. We set the interest rates periodically, according to procedures that
we have. We reserve the right to change these procedures.

We guarantee to pay our current interest rate that is in effect on the date
that your contribution is allocated to this account. Your guaranteed interest
rate for the time period you select will be shown in your contract for an
initial contribution. The rate will never be less than the lifetime minimum
rate for the guaranteed interest option. See "Allocating your contributions"
below for rules and restrictions that apply to the special dollar cost
averaging program.

ALLOCATING YOUR CONTRIBUTIONS

You may choose from among three ways to allocate your contributions under your
contract: self-directed, the guaranteed principal benefits or dollar cost
averaging. Subsequent contributions are allocated according to instructions on
file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION


You may allocate your contributions to one or more, or all, of the variable
investment options, the guaranteed interest option (subject to restrictions in
certain states -- See Appendix VIII later in this Prospectus for state
variations) and fixed maturity options. Allocations must be in whole
percentages and you may change your allocations at any time. No more than 25%
of any contribution may be allocated to the guaranteed interest option. The
total of your allocations into all available investment options must equal
100%. If the annuitant is age 76-80, you may allocate contributions to fixed
maturity options with maturities of seven years or less. If the annuitant is
age 81 or older, you may allocate contributions to fixed maturity options with
maturities of five years or less. Also, you may not allocate amounts to fixed
maturity options with maturity dates that are later than the date annuity
payments are to begin.

THE GUARANTEED PRINCIPAL BENEFITS (INCLUDING PRINCIPAL ASSURANCE)

We offer a guaranteed principal benefit ("GPB") with two options. See Appendix
VIII later in this Prospectus for more information on state availability and
Appendix IX for contract variation and/or availability of these benefits. You
may only elect one of the GPBs. Neither GPB is available under Inherited IRA
contracts. We will not offer either GPB when the rate to maturity for the
applicable fixed maturity option is 3%. Both GPB options allow you to allocate
a portion of your total contributions to the variable investment options, while
ensuring that your account value will at least equal your contributions
adjusted for withdrawals and transfers on a specified date. GPB Option 2
generally provides you with the ability to allocate more of your contributions
to the variable investment options than could be allocated using GPB Option 1
(also known as Principal assurance). If you elect either GPB you may not elect
the Guaranteed minimum income benefit, Principal Protector(SM), the systematic
withdrawals option or the substantially equal withdrawals option. However,
certain existing contract owners who elected GPB are not subject to these
restrictions. See Appendix IX for information on what applies under your
contract.


You may elect GPB Option 1 only if the annuitant age is 80 or younger when the
contract is issued (after age 75, only the 7-year fixed maturity option is
available). You may elect GPB Option 2 only if the annuitant is age 75 or
younger when the contract is issued. If you are

34  Contract features and benefits



purchasing an IRA, QP or Rollover TSA contract, before you either purchase GPB
Option 2 or elect GPB Option 1 with a maturity year that would extend beyond
the year in which you will reach age 70-1/2, you should consider whether your
value in the variable investment options, guaranteed interest option and
permissible funds outside this contract are sufficient to meet your required
minimum distributions. See "Tax information" later in this Prospectus. If you
elect GPB Option 2 and change ownership of the contract, GPB Option 2 will
automatically terminate, except under certain circumstances. See "Transfers of
ownership, collateral assignments, loans and borrowing" in "More information,"
later in this Prospectus for more information.


GUARANTEED PRINCIPAL BENEFIT OPTION 1 (UNDER CERTAIN CONTRACTS, THIS FEATURE IS
CALLED "PRINCIPAL ASSURANCE"). Under GPB Option 1, you select a fixed maturity
option at the time you sign your application. We specify the portion of your
initial contribution to be allocated to that fixed maturity option in an amount
that will cause the maturity value to equal the amount of your entire initial
contribution on the fixed maturity option's maturity date. The amount of your
contribution allocated to the fixed maturity option will be calculated based
upon the rate to maturity then in effect for the fixed maturity option you
choose. Your contract will contain information on the percentage of your
contribution allocated to the fixed maturity option. The maturity date you
select generally may not be later than 10 years, or earlier than 7 years from
your contract date. If you make any withdrawals or transfers from the fixed
maturity option before the option's maturity date, the amount in the fixed
maturity option will be adjusted and may no longer grow to equal your initial
contribution under GPB Option 1. You may allocate the remainder of your initial
contribution to the investment options however you choose (unless you elect a
dollar cost averaging program, in which case the remainder of your initial
contribution must be allocated to the dollar cost averaging program). Upon the
maturity date of the fixed maturity option, you will be provided with the same
notice and the same choices with respect to the maturity value as described
above under "Your choices at the maturity date." There is no charge for GPB
Option 1.



GUARANTEED PRINCIPAL BENEFIT OPTION 2. You may purchase GPB Option 2 at the time
you apply for your contract. IF YOU PURCHASE GPB OPTION 2, YOU MAY NOT MAKE
ADDITIONAL CONTRIBUTIONS TO YOUR CONTRACT AFTER SIX MONTHS FROM THE CONTRACT
ISSUE DATE OR AT ANY EARLIER TIME IF AT SUCH TIME THE THEN APPLICABLE RATE TO
MATURITY ON THE SPECIAL 10 YEAR FIXED MATURITY OPTION IS 3%. Therefore, any
discussion in this Prospectus that involves any additional contributions after
the first six months will be inapplicable. This feature is not available under
all contracts.



We specify the portion of your initial contribution, and any additional
permitted contributions, to be allocated to a Special 10 year fixed maturity
option. Your contract will contain information on the percentage of applicable
contributions allocated to the Special 10 year fixed maturity option. You may
allocate the rest of your contributions among the investment options (other
than the Special 10 year fixed maturity option) however you choose, as
permitted under your contract and other than the Investment simplifier (unless
you elect a dollar cost averaging program, in which case all contributions,
other than amounts allocated to the Special 10 year fixed maturity option, must
be allocated to the dollar cost averaging program). The Special 10 year fixed
maturity option will earn interest at the specified rate to maturity then in
effect.

If on the 10th contract date anniversary, your annuity account value is less
than the amount that is guaranteed under GPB Option 2, we will increase your
annuity account value to be equal to the guaranteed amount under GPB Option 2.
Any such additional amounts added to your annuity account value will be
allocated to the EQ/Money Market investment option. After the maturity date of
the Special 10 year fixed maturity option, the guarantee under GPB Option 2
will terminate. Upon the maturity date of the Special 10 year fixed maturity
option, you will be provided with the same notice and the same choices with
respect to the maturity value as described above under "Your choices at the
maturity date." The guaranteed amount under GPB Option 2 is equal to your
initial contribution adjusted for any additional permitted contributions,
transfers out of the Special 10 year fixed maturity option and withdrawals from
the contract (see "How withdrawals (and transfers out of the Special 10 year
fixed maturity option) affect your Guaranteed income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" later in this Prospectus). Any transfers or withdrawals from the
Special 10 year fixed maturity option will also be subject to a market value
adjustment (see "Market value adjustment" under "Fixed maturity options" above
in this section).

Once you purchase the Guaranteed principal benefit option 2, you may not
voluntarily terminate this benefit. GPB Option 2 will terminate if the contract
terminates before the maturity date of the Special 10 year fixed maturity
option. If the owner and the annuitant are different people and the owner dies
before the maturity date of the Special 10 year fixed maturity option, we will
continue GPB Option 2 only if the contract can continue through the maturity
date of the Special 10 year fixed maturity option. If the contract cannot so
continue, we will terminate GPB Option 2. GPB Option 2 will continue where
there is a successor owner/annuitant. GPB Option 2 will terminate upon the
exercise of the beneficiary continuation option. See "Payment of death benefit"
later in this Prospectus for more information about the continuation of the
contract after the death of the owner and/or the annuitant.

There is a fee associated with GPB Option 2 (see "Charges and expenses" later
in this Prospectus). You should note that the purchase of GPB Option 2 is not
appropriate if you want to make additional contributions to your contract
beyond the first six months after your contract is issued. If you later decide
that you would like to make additional contributions to the Accumulator(R)
Elite(SM) contract, we may permit you to purchase another contract. If we do,
however, you should note that we do not reduce or waive any of the charges on
the new contract, nor do we guarantee that the features available under this
contract will be available under the new contract. This means that you might
end up paying more with respect to certain charges than if you had simply
purchased a single contract (for example, the administrative charge).

The purchase of GPB Option 2 is also not appropriate if you plan on terminating
your contract before the maturity date of the special 10

                                              Contract features and benefits  35



year fixed maturity option. In addition, because we prohibit contributions to
your contract after the first six months, certain contract benefits that are
dependent upon contributions or account value will be limited (for example the
Guaranteed death benefits and Protection Plus(SM)). You should also note that if
you intend to allocate a large percentage of your contributions to the
guaranteed interest option or other fixed maturity options, the purchase of GPB
Option 2 may not be appropriate because of the guarantees already provided by
these options. An example of the effect of GPB Option 1 and GPB Option 2 on
your annuity contract is included in Appendix VI later in this Prospectus.

DOLLAR COST AVERAGING

We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

SPECIAL DOLLAR COST AVERAGING PROGRAM. Under the special dollar cost averaging
program, you may choose to allocate all or a portion of any eligible
contribution to the account for special dollar cost averaging. Contributions
into the account for special dollar cost averaging may not be transfers from
other investment options. Your initial allocation to any special dollar cost
averaging program time period must be at least $2,000 and any subsequent
contribution to that same time period must be at least $250. You may only have
one time period in effect at any time and once you select a time period, you
may not change it. In Pennsylvania, we refer to this program as "enhanced rate
dollar cost averaging." If you elect Principal Protector(SM), you may not
participate in the special dollar cost averaging program.

You may have your account value transferred to any of the variable investment
options. We will transfer amounts from the account for special dollar cost
averaging into the variable investment options over an available time period
that you select. We offer time periods of 3, 6 or 12 months during which you
will receive an enhanced interest rate. We may also offer other time periods.
Your financial professional can provide information on the time periods and
interest rates currently available in your state, or you may contact our
processing office. If the special dollar cost averaging program is selected at
the time of application to purchase the Accumulator(R) Elite(SM) contract, a 60
day rate lock will apply from the date of application. Any contribution(s)
received during this 60 day period will be credited with the interest rate
offered on the date of application for the remainder of the time period
selected at application. Any contribution(s) received after the 60 day rate
lock period has ended will be credited with the then current interest rate for
the remainder of the time period selected at application. Contribution(s) made
to a special dollar cost averaging program selected after the Accumulator(R)
Elite(SM) contract has been issued will be credited with the then current
interest rate on the date the contribution is received by AXA Equitable for the
time period initially selected by you. Once the time period you selected has
run, you may then select another time period for future contributions. At that
time, you may also select a different allocation for transfers to the variable
investment options, or, if you wish, we will continue to use the selection that
you have previously made. Currently, your account value will be transferred
from the account for special dollar cost averaging into the variable investment
options on a monthly basis. We may offer this program in the future with
transfers on a different basis.

We will transfer all amounts out of the account for special dollar cost
averaging by the end of the chosen time period. The transfer date will be the
same day of the month as the contract date, but not later than the 28th day of
the month. For a special dollar cost averaging program selected after
application, the first transfer date and each subsequent transfer date for the
time period selected will be one month from the date the first contribution is
made into the special dollar cost averaging program, but not later than the
28th day of the month.

If you choose to allocate only a portion of an eligible contribution to the
account for special dollar cost averaging, the remaining balance of that
contribution will be allocated to the variable investment options, guaranteed
interest option or fixed maturity options according to your instructions.

The only transfers that will be made from the account for special dollar cost
averaging are your regularly scheduled transfers to the variable investment
options. No amounts may be transferred from the account for special dollar cost
averaging to the guaranteed interest option or the fixed maturity options. If
you request to transfer or withdraw any other amounts from the account for
special dollar averaging, we will transfer all of the value that you have
remaining in the account for special dollar cost averaging to the investment
options according to the allocation percentages for special dollar cost
averaging we have on file for you. You may ask us to cancel your participation
at any time.


GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.


If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

INVESTMENT SIMPLIFIER

Fixed-dollar option. Under this option, you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and

36  Contract features and benefits



into the variable investment options of your choice. Transfers may be made on a
monthly, quarterly or annual basis. You can specify the number of transfers or
instruct us to continue to make transfers until all available amounts in the
guaranteed interest option have been transferred out.

In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. Unlike the account for special dollar cost averaging,
this option does not offer enhanced rates. Also, this option is subject to the
guaranteed interest option transfer limitations described under "Transferring
your account value" in "Transferring your money among investment options" later
in this Prospectus. While the program is running, any transfer that exceeds
those limitations will cause the program to end for that contract year. You
will be notified. You must send in a request form to resume the program in the
next or subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.


Interest sweep option. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. The transfer date will be the last business
day of the month. The amount we will transfer will be the interest credited to
amounts you have in the guaranteed interest option from the last business day
of the prior month to the last business day of the current month. You must have
at least $7,500 in the guaranteed interest option on the date we receive your
election. On the last day of each month, we check to see whether you have at
least $7,500 in the guaranteed interest option. We will automatically cancel
the interest sweep program if the amount in the guaranteed interest option is
less than $7,500 on the last day of the month for two months in a row. For the
interest sweep option, the first monthly transfer will occur on the last
business day of the month following the month that we receive your election
form at our processing office.

                      ----------------------------------

You may not currently participate in any dollar cost averaging program if you
are participating in the Option II rebalancing program. If you elect a GPB, you
may also elect the General dollar cost averaging program. If you elect either
of these programs, everything other than amounts allocated to the fixed
maturity option under the GPB must be allocated to that dollar cost averaging
program. You may still elect the Investment simplifier for amounts transferred
from investment options (other than the fixed maturity option under the GPB you
have elected), and, for GPB Option 1, you may also elect Investment simplifier
for subsequent contributions. You may only participate in one dollar cost
averaging program at a time. See "Transferring your money among investment
options" later in this Prospectus. Also, for information on how the dollar cost
averaging program you select may affect certain guaranteed benefits. See
"Guaranteed minimum death benefit and Guaranteed minimum income benefit (or the
"Living Benefit") base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states (see Appendix VIII later in this
Prospectus for more information on state availability).

GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit (known as the "Living Benefit"
under certain existing contracts) and the death benefits, as described in this
section. The benefit base for the Guaranted minimum income benefit and an
enhanced death benefit will be calculated as described below in this section
whether these options are elected individually or in combination. Your benefit
base is not an account value or a cash value. See also "Guaranteed minimum
income benefit option" and "Guaranteed minimum death benefit" below.

STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals (and transfers out of the Special 10 year fixed maturity option)
   affect your Guaranteed minimum income benefit, Guaranteed minimum death
   benefit and Guaranteed principal benefit option 2" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

6% (OR 5%) ROLL-UP TO AGE 85 (USED FOR THE 6% ROLL-UP TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 ENHANCED DEATH
BENEFIT OR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE
GUARANTEED MINIMUM INCOME BENEFIT). Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals (and transfers out of the Special 10 year fixed maturity option)
   affect your Guaranteed minimum income benefit, Guaranteed minimum death
   benefit and Guaranteed principal benefit option 2" in "Accessing your money"
   and the section entitled "Charges and expenses" later in this Prospectus. The
   amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.


The effective annual roll-up rate credited to this benefit base is:

                                              Contract features and benefits  37




o  6% (or 5%) with respect to the variable investment options (other than
   EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market, and
   EQ/Short Duration Bond) and the account for special dollar cost averaging;
   the effective annual rate is 4% in Washington. Please see Appendix VIII later
   in this Prospectus to see what roll-up rate applies in your state or Appendix
   IX for what applies to your contract;

                                       and

o  3% with respect to the EQ/AllianceBernstein Intermediate Government
   Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed maturity
   options, the Special 10 year fixed maturity option, the guaranteed interest
   option and the loan reserve account under Rollover TSA (if applicable).

The benefit base stops rolling up after the contract date anniversary following
the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 OR THE ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to the greater of either:


o  your initial contribution to the contract (plus any additional
   contributions),

                                       or


o  your highest account value of any contract date anniversary up to the
   contract date anniversary following the annuitant's 85th birthday plus any
   contributions made since the most recent Annual Ratchet,


                                      less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of the deduction is described under "How
   withdrawals (and transfers out of the Special 10 year fixed maturity option)
   affect your Guaranteed minimum income benefit, Guaranteed minimum death
   benefit and Guaranteed principal benefit option 2" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT. Your
benefit base is equal to the greater of the benefit base computed for the 6%
(or 5%) Roll-Up to age 85 or the benefit base computed for the Annual Ratchet
to age 85, as described immediately above, on each contract date anniversary.
For the Guaranteed minimum income benefit, the benefit base is reduced by any
applicable withdrawal charge remaining when the option is exercised. For more
information, see "Withdrawal charge" in "Charges and expenses" later in the
Prospectus.


GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET.  If both the Guaranteed minimum income benefit AND the
Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
death benefit (the "Greater of enhanced death benefit") are elected, you may
reset the roll-up benefit base for these guaranteed benefits to equal the
account value as of the 5th or later contract date anniversary. The reset
amount would equal the account value as of the contract date anniversary on
which you reset your Roll-Up benefit base. The 6% Roll-Up continues to age 85
on any reset benefit base.

We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
for five years. If after your death your spouse continues this contract as
Successor owner/annuitant, the benefit base will be eligible to be reset either
five years from the contract date or from the last reset date, if applicable.
The last age at which the benefit base is eligible to be reset is annuitant age
75.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of reset; you may not exercise until the tenth contract date
anniversary following the reset or, if later, the earliest date you would have
been permitted to exercise without regard to the reset. See "Exercise rules"
under "Guaranteed minimum income benefit option" below for more information.
Please note that in almost all cases, resetting your Roll-Up benefit base will
lengthen the exercise waiting period. Also, even when there is no additional
charge when you reset your Roll-Up benefit base, the total dollar amount
charged on future contract date anniversaries may increase as a result of the
reset since the charges may be applied to a higher benefit base than would have
been otherwise applied. See "Charges and expenses" in the Prospectus.

The Roll-Up benefit base for both the Greater of enhanced death benefit and the
Guaranteed minimum income benefit are reset simultaneously when you request a
Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


For information about whether the Guaranteed death benefit/Guaranteed minimum
income benefit roll-up benefit base reset is available under your contract,
please see Appendix IX later in this Prospectus. The availability of the
Guaranteed minimum death benefit/guaranteed minimum income benefit roll-up
benefit base reset is also subject to state approval. Please contact your
financial professional for more information about availability in your state.

ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed in "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
in "Accessing your money" later in this Prospectus. Your contract specifies
different guaranteed annuity purchase factors for the Guaranteed minimum income
benefit and the annuity payout options. We may provide more favorable current
annuity purchase factors for the annuity payout options. Annuity purchase
factors are based on interest rates, mortality tables, frequency of payments,
the form of annuity benefit, and the annuitant's (and any joint annuitant's)
age and sex in certain instances.

38  Contract features and benefits



GUARANTEED MINIMUM INCOME BENEFIT OPTION


(DEPENDING ON WHEN YOU PURCHASED YOUR CONTRACT, THIS BENEFIT MAY BE CALLED THE
"LIVING BENEFIT." SEE APPENDIX IX LATER IN THIS PROSPECTUS FOR MORE
INFORMATION.)

The Guaranteed minimum income benefit is available if the annuitant is age 20
through 75 at the time the contract is issued. There is an additional charge
for the Guaranteed minimum income benefit which is described under "Guaranteed
minimum income benefit charge" in "Charges and expenses" later in this
Prospectus. Once you purchase the Guaranteed minimum income benefit, you may
not voluntarily terminate this benefit.


If you are purchasing this contract as an Inherited IRA, or if you elect a GPB
option or Principal Protector(SM), the Guaranteed minimum income benefit is not
available. If you are an existing contract owner, the Guaranteed minimum income
benefit rider may have been available with Principal assurance. See Appendix IX
later in this Prospectus for more information.

If you are purchasing this contract to fund a charitable remainder trust, you
will have to take certain distribution amounts. You should consider
split-funding so that those distributions do not adversely impact your
guaranteed minimum income benefit. See "Owner and annuitant requirements"
earlier in this section. If the annuitant was older than age 60 at the time an
IRA, QP or Rollover TSA contract was issued, the Guaranteed minimum income
benefit may not be an appropriate feature because the minimum distributions
required by tax law generally must begin before the Guaranteed minimum income
benefit can be exercised. If the owner and annuitant are different in an NQ
contract, there may be circumstances where the benefit may not be exercisable
after an owner's death.

Depending on when you purchased your contract, if you elect the Guaranteed
minimum income benefit option and change ownership of the contract, this
benefit will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information. Also, for more
information about when the Guaranteed minimum income benefit will terminate
under your contract, please see Appendix IX later in this Prospectus.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. If you are an existing contract owner, your
options may be different. See Appendix IX later in this Prospectus for more
information. You choose which of these payout options you want and whether you
want the option to be paid on a single or joint life basis at the time you
exercise your Guaranteed minimum income benefit. The maximum period certain
available under the life with a period certain payout option is 10 years. This
period may be shorter, depending on the annuitant's age as follows:


- ---------------------------------------------
               Level payments
- ---------------------------------------------
                        Period certain years
 Annuitant's age at   -----------------------
    exercise              IRAs        NQ
- ---------------------------------------------
    75 and younger        10         10
          76               9         10
          77               8         10
          78               7         10
          79               7         10
          80               7         10
          81               7          9
          82               7          8
          83               7          7
          84               6          6
          85               5          5
- ---------------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
It provides income protection if you elect an income payout while the annuitant
is alive.
- --------------------------------------------------------------------------------


When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base, less any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.


Before you elect the Guaranteed minimum income benefit, you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. The guaranteed annuity purchase factors we use to determine
your payout annuity benefit under the Guaranteed minimum income benefit are
more conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic
payment under our standard payout annuity options. Therefore, even if your
account value is less than your


                                              Contract features and benefits  39



benefit base, you may generate more income by applying your account value to
current annuity purchase factors. We will make this comparison for you when the
need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE".  Subject to state
availability, in general, if your account value falls to zero (except, as
discussed below, if your account value falls to zero due to a withdrawal that
causes your total contract year withdrawals to exceed 6% of the Roll-Up benefit
base as of the beginning of the contract year), the Guaranteed minimum income
benefit will be exercised automatically, based on the annuitant's current age
and benefit base, as follows:


o  You will be issued a supplementary contract based on a single life with a
   maximum 10 year period certain. Payments will be made annually starting one
   year from the date the account value fell to zero.

o  You will have 30 days from when we notify you to change the payout option
   and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o  If your account value falls to zero due to a withdrawal that causes your
   total contract year withdrawals to exceed 6% of the Roll-Up benefit base (as
   of the beginning of the contract year);

o  If your aggregate withdrawals during any contract year exceed 6% of the
   Roll-Up benefit base (as of the beginning of the contract year);


o  On the contract date anniversary following annuitant's 85th birthday.

For information about whether the Guaranteed minimum income benefit no lapse
guarantee is available under your contract, please see Appendix IX later in
this Prospectus. The availability of the Guaranteed minimum income benefit no
lapse guarantee is dependent on when, and in what state, you purchased your
contract. Please see Appendices VIII and IX, later in this Prospectus.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT.  Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male annuitant age
60 (at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals or loans under Rollover TSA contracts, and assuming there were no
allocations to EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options (including the Special 10 year fixed maturity option) or
the loan reserve account under rollover TSA contracts.




- -------------------------------------------------------
                             Guaranteed minimum income
     Contract date           benefit -- annual income
 anniversary at exercise        payable for life
- -------------------------------------------------------
                         
            10                        $11,891
            15                        $18,597
- -------------------------------------------------------


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us,
along with all required information within 30 days following your contract date
anniversary, in order to exercise this benefit. You will begin receiving annual
payments one year after the annuity payout contract is issued. If you choose
monthly or quarterly payments, you will receive your payment one month or one
quarter after the annuity payment contract is issued. You may choose to take a
withdrawal prior to exercising the Guaranteed minimum income benefit, which
will reduce your payments. You may not partially exercise this benefit. See
"Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death, or if later, the end of the period certain
(where the payout option chosen includes a period certain).

EXERCISE RULES. You will be eligible to exercise the Guaranteed minimum income
benefit during your life and the annuitant's life, as follows:


o  If the annuitant was at least age 20 and not older than age 44 when the
   contract was issued, you are eligible to exercise the Guaranteed minimum
   income benefit within 30 days following each contract date anniversary
   beginning with the 15th contract date anniversary.

o  If the annuitant was at least age 45 and not older than age 49 when the
   contract was issued, you are eligible to exercise the Guaranteed minimum
   income benefit within 30 days following each contract date anniversary after
   the annuitant is age 60.


o  If the annuitant was at least age 50 and no older than age 75 when the
   contract was issued, you are eligible to exercise the Guaranteed minimum
   income benefit within 30 days following each contract date anniversary
   beginning with the 10th contract date anniversary.

Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit is
      within 30 days following the contract date anniversary following the
      annuitant's 85th birthday;


(ii)  if the annuitant was age 75 when the contract was issued or the Roll-Up
      benefit base was reset, if applicable the only time you may exercise the
      Guaranteed minimum income benefit is within 30 days following the contract
      date anniversary following the annuitant's attainment of age 85;


40  Contract features and benefits



(iii) for Accumulator(R) Elite(SM) QP contracts, the Plan participant can
      exercise the Guaranteed minimum income benefit only if he or she elects to
      take a distribution from the Plan and, in connection with this
      distribution, the Plan's trustee changes the ownership of the contract to
      the participant. This effects a rollover of the Accumulator(R) Elite(SM)
      QP contract into an Accumulator(R) Elite(SM) Rollover IRA. This process
      must be completed within the 30-day timeframe following the contract date
      anniversary in order for the Plan participant to be eligible to exercise.
      However, if the Guaranteed minimum income benefit is automatically
      exercised as a result of the no lapse guarantee (if available), a rollover
      into an IRA will not be effected and payments will be made directly to the
      trustee;

(iv)  for Accumulator(R) Elite(SM) Rollover TSA contracts, you may exercise the
      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Elite(SM) Rollover IRA. This may only occur
      when you are eligible for a distribution from the TSA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise;


(v)   if you reset the Roll-Up benefit base (if available and as described
      earlier in this section), your new exercise date will be the tenth
      contract date anniversary following the reset or, if later, the earliest
      date you would have been permitted to exercise without regard to the
      reset. Please note that in almost all cases, resetting your Roll-Up
      benefit base will lengthen the waiting period;

(vi)  a successor owner/annuitant may only continue the Guaranteed minimum
      income benefit if the contract is not past the last date on which the
      original annuitant could have exercised the benefit. In addition, the
      successor owner/annuitant must be eligible to continue the benefit and to
      exercise the benefit under the applicable exercise rule (described in the
      above bullets) using the following additional rules. The successor
      owner/annuitant's age on the date of the annuitant's death replaces the
      annuitant's age at issue for purposes of determining the availability of
      the benefit and which of the exercise rules applies. The original contract
      issue date will continue to apply for purposes of the exercise rules. If
      Spousal Protection is available under your contract and is elected, and
      the spouse who is the annuitant dies, the above rules apply if the
      contract is continued by the surviving spouse as the successor
      owner/annuitant; and

(vii) if you are the owner but not the annuitant and you die prior to exercise,
      then the following applies:

      o  A successor owner who is not the annuitant may not be able o to
         exercise the guaranteed minimum income benefit without causing a tax
         problem. You should consider naming the annuitant as successor owner,
         or if you do not name a successor owner, as the sole primary
         beneficiary. You should carefully review your successor owner and/or
         beneficiary designations at least one year prior to the first contract
         date anniversary on which you could exercise the benefit.

      o  If the successor owner is the annuitant, the guaranteed minimum income
         benefit continues only if the benefit could be exercised under the
         rules described above on a contract date anniversary that is within one
         year following the owner's death. This would be the only opportunity
         for the successor owner to exercise. If the guaranteed minimum income
         benefit cannot be exercised within this timeframe, the benefit will
         terminate and the charge for it will no longer apply as of the date we
         receive proof of your death and any required information.

      o  If you designate your surviving spouse as successor owner, the
         guaranteed minimum income benefit continues and your surviving spouse
         may exercise the benefit according to the rules described above, even
         if your spouse is not the annuitant and even if the benefit is
         exercised more than one year after your death. If your surviving spouse
         dies prior to exercise, the rule described in the previous bullet
         applies.


      o  A successor owner or beneficiary that is a trust or other non- natural
         person may not exercise the benefit; in this case, the benefit will
         terminate and the charge for it will no longer apply as of the date we
         receive proof of your death and any required information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals (and transfers out of the Special 10 year fixed
maturity option) affect your Guaranteed minimum income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" and the section entitled "Charges and expenses" later in this
Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions, adjusted for any withdrawals (and any associated withdrawal
charges) and any taxes that apply. The standard death benefit is the only death
benefit available for annuitants ages 76 through 85 at issue. If you are an
existing contract owner, the applicable issue ages may be different. Please see
Appendix IX later in this Prospectus for more information. Once your contract
is issued, you may not change or voluntarily terminate your death benefit.

If you elect one of the enhanced death benefits, the death benefit is equal to
your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
annuitant's death, any required instructions for the method of payment,
information and forms necessary to effect payment, OR your elected enhanced
death benefit on the date of the annuitant's death (adjusted for any subsequent
withdrawals, withdrawal charges and taxes that apply), whichever provides the
higher amount. If you elect the Spousal protection option, if applicable, the
Guaranteed minimum death benefit is based on the age of the older spouse, who
may or may not be the annuitant, for the life of


                                              Contract features and benefits  41



the contract. See "Spousal protection" in "Payment of death benefit" later in
this Prospectus for more information.


Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.


OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR ANNUITANTS AGES 0 THROUGH 75 AT
ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE OF ROLLOVER IRA, ROTH CONVERSION
IRA AND ROLLOVER TSA CONTRACTS; 0 THROUGH 70 AT ISSUE OF INHERITED IRA
CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF QP CONTRACTS. IF YOU ALREADY OWN A
CONTRACT, YOUR AVAILABLE ISSUE AGES MAY HAVE BEEN OLDER AT THE TIME YOU
PURCHASED YOUR CONTRACT.

Subject to state and contract availability (see Appendix VIII later in this
Prospectus for state availability of these benefits and Appendix IX for
contract variations), you may elect one of the following enhanced death
benefits:


o  ANNUAL RATCHET TO AGE 85.


o  6% ROLL-UP TO AGE 85. (no longer available )

o  THE GREATER OF 5% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85 (no
   longer available)

o  THE GREATER OF THE 6% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.


If you elect Principal Protector(SM), only the standard death benefit and the
Annual Ratchet to Age 85 enhanced death benefit are available.


Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals (and transfers out of the Special 10 year fixed
maturity option) affect your Guaranteed minimum income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" and the section entitled "Charges and expenses" later in this
Prospectus for more information on these guaranteed benefits.


If you are using this contract to fund a charitable remainder trust, you will
have to take certain distribution amounts. You should consider split-funding so
that those distributions do not adversely impact your enhanced death benefit.
See "Owner and annuitant requirements" earlier in this section.


See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced death benefit.

Protection Plus(SM)


Subject to state and contract availability and variation (see Appendices VIII
and IX later in this Prospectus for more information), if you are purchasing a
contract, under which the Protection Plus(SM) feature is available, you may
elect the Protection Plus(SM) death benefit at the time you purchase your
contract. Protection Plus(SM) provides an additional death benefit as described
below. See "Tax information" later in this Prospectus for the potential tax
consequences of electing to purchase the Protection Plus(SM) feature in an NQ,
IRA or Rollover TSA contract. Once you purchase the Protection Plus(SM) feature,
you may not voluntarily terminate this feature. If you elect Principal
Protector(SM), the Protection Plus(SM) feature is not available.

Depending on when you purchased your contract, if you elect the Protection
Plus(SM) option described below and change ownership of the contract, generally
this benefit will automatically terminate, except under certain circumstances.
See "Transfers of ownership, collateral assignments, loans and borrowing" in
"More information," later in this Prospectus for more information.


If the annuitant is 70 or younger when we issue your contract (or if the
successor owner/annuitant is 70 or younger when he or she becomes the successor
owner/annuitant and Protection Plus(SM) had been elected at issue), the death
benefit will be:

the greater of:

o  the account value or

o  any applicable death benefit

Increased by:

o  such death benefit less total net contributions, multiplied by 40%.


For purposes of calculating your Protection Plus(SM) benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the successor owner/annuitant election not been made plus any
subsequent contributions) adjusted for each withdrawal that exceeds your
Protection Plus(SM) earnings. "Net contributions" are reduced by the amount of
that excess. Protection Plus(SM) earnings are equal to (a) minus (b) where (a)
is the greater of the account value and the death benefit immediately prior to
the withdrawal and (b) is the net contributions as adjusted by any prior
withdrawals; and (ii) "Death benefit" is equal to the greater of the account
value as of the date we receive satisfactory proof of death or any applicable
Guaranteed minimum death benefit as of the date of death. If you are an existing
contract owner, your net contributions may be reduced on a pro rata basis to
reflect withdrawals (including withdrawal charges and any TSA loans). For
information about what applies to your contract, see Appendix IX later in this
Prospectus.

If the annuitant is age 71 through 75 (this age may be higher under certain
existing contracts) when we issue your contract (or if the successor
owner/annuitant is between the ages of 71 and 75 when he or she becomes the
successor owner/annuitant and Protection Plus(SM) had been elected at issue),
the death benefit will be:


the greater of:

o  the account value or

o  any applicable death benefit

42  Contract features and benefits



Increased by:

o  such death benefit (as described above) less total net contributions,
   multiplied by 25%.

The value of the Protection Plus(SM) death benefit is frozen on the first
contract date anniversary after the annuitant turns age 80, except that the
benefit will be reduced for withdrawals on a pro rata basis. Reduction on a pro
rata basis means that we calculate the percentage of the current account value
that is being withdrawn and we reduce the benefit by that percentage. For
example, if the account value is $30,000 and you withdraw $12,000, you have
withdrawn 40% of your account value. If the benefit is $40,000 before the
withdrawal, it would be reduced by $16,000 ($40,000 X .40) and the benefit
after the withdrawal would be $24,000 ($40,000 - $16,000).

For an example of how the Protection Plus(SM) death benefit is calculated,
please see Appendix VII.

If you elect Spousal protection, the Protection Plus(SM) benefit is based on the
age of the older spouse, who may or may not be the annuitant. Upon the death of
the non-annuitant spouse, the account value will be increased by the value of
the Protection Plus(SM) benefit as of the date we receive due proof of death.
Upon the death of the annuitant, the value of the Protection Plus(SM) benefit is
either added to the death benefit payment or to the account value if successor
owner/annuitant is elected. If the surviving spouse elects to continue the
contract, the benefit will be based on the age of the surviving spouse as of
the date of the deceased spouse's death for the remainder of the contract. If
the surviving spouse is age 76 or older, the benefit will terminate and the
charge will no longer be in effect. See "Spousal protection" in "Payment of
death benefit" later in this Prospectus for more information.

Protection Plus(SM) must be elected when the contract is first issued: neither
the owner nor the successor owner/annuitant can add it subsequently. Ask your
financial professional or see Appendix VIII later in this Prospectus to see if
this feature is available in your state.

PRINCIPAL PROTECTOR(SM)

As described below, Principal Protector(SM) provides for recovery of your total
contributions through withdrawals, even if your account value falls to zero,
provided that during each contract year, your total withdrawals do not exceed
your Guaranteed Annual withdrawal amount. Principal Protector(SM) is not an
automated withdrawal program. You may request a withdrawal through any of our
available withdrawal methods. See "Withdrawing your account value" in
"Accessing your money" later in this Prospectus. All withdrawals reduce your
account value and the guaranteed minimum death benefit.

Principal Protector(SM) may be elected at contract issue, for an additional
charge, if the annuitant is age 0 through 85 for NQ contracts or age 20 through
75 for all IRA contracts. Please see "Principal Protector(SM) charge" in
"Charges and expenses" later in this Prospectus for a description of the charge
and when it applies. If you elect this benefit, you cannot terminate it.


If you are an existing contract owner, this feature may not be available under
your contract. See Appendix IX later in this Prospectus for more information.


If you die, and your beneficiary elects the Beneficiary continuation option, if
available, your beneficiary may continue Principal Protector(SM) provided that
the beneficiary was 75 or younger on the original contract date. If the
beneficiary was older, Principal Protector(SM) will terminate without value even
if the GWB benefit base is greater than zero. In the case of multiple
beneficiaries, any beneficiary older than 75 may not continue Principal
Protector(SM) and that beneficiary's portion of the GWB benefit base will
terminate without value, even if it was greater than zero. The ability to
continue Principal Protector(SM) under the Beneficiary continuation option is
subject to state availability. When and if it is approved in your state, it
will be added to your contract if you had already elected GWB. See "Beneficiary
continuation option" under "Payment of death benefit" later in the Prospectus
for more information on continuing Principal Protector(SM) under the Beneficiary
continuation option.


If you are purchasing this contract as a TSA, QP or Inherited IRA, Principal
Protector(SM) is not available. This benefit is also not available if you elect
the Guaranteed minimum income benefit, the Greater of 6% Roll- Up to age 85 and
Annual Ratchet to Age 85 enhanced death benefit, Protection Plus(SM), GPB Option
1 or GPB Option 2 or the special dollar cost averaging program. This benefit
may not be available under your contract. For more information, please see
Appendix IX later in this Prospectus.


If you elect the Principal Protector(SM) option and change ownership of the
contract, generally this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

You should not purchase Principal Protector(SM) if you plan to take withdrawals
in excess of your GWB Annual withdrawal amount because those withdrawals
significantly reduce or eliminate the value of the benefit. See "Effect of GWB
Excess withdrawals" below. For traditional IRAs, the Principal Protector(SM)
makes provision for you to take lifetime required minimum distributions
("RMDs") without losing the value of the Principal Protector(SM) guarantee,
provided you comply with the conditions under "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus
including utilizing our Automatic RMD service. If you do not expect to comply
with these conditions, including utilization of our Automatic RMD service, this
benefit may have limited usefulness for you and you should consider whether it
is appropriate. Please consult your tax adviser.

YOUR GWB BENEFIT BASE

At issue, your GWB benefit base is equal to your initial contribution and will
increase or decrease, as follows:

o  Your GWB benefit base increases by the dollar amount of any additional
   contributions.

o  Your GWB benefit base decreases by the dollar amount of withdrawals.

o  Your GWB benefit base may be further decreased if a withdrawal is taken in
   excess of your GWB Annual withdrawal amount.

o  Your GWB benefit base may also be increased under the Optional step up
   provision.

                                              Contract features and benefits  43



o  Your GWB benefit base may also be increased under the one time step up
   applicable with the Beneficiary continuation option.

Each of these events is described in detail below. Once your GWB benefit base
is depleted, you may continue to make withdrawals from your account value, but
they are not guaranteed under Principal Protector(SM).

YOUR GWB ANNUAL WITHDRAWAL AMOUNT

Your GWB Annual withdrawal amount is equal to either 5% or 7% ("Applicable
percentage"), as applicable, of your initial GWB benefit base, and is the
maximum amount that you can withdraw each year without making a GWB Excess
withdrawal, as described below. When you purchase your contract, you choose
between two available GWB Annual withdrawal options:

o  7% GWB Annual withdrawal option

o  5% GWB Annual withdrawal option

The GWB Annual withdrawal amount may decrease as a result of a GWB Excess
withdrawal and may increase as a result of an Automatic reset, additional
contributions or a "step up" of the GWB benefit base; each of these
transactions are discussed below in detail. Once you elect a GWB Annual
withdrawal option, it cannot be changed.

Your GWB Annual withdrawal amounts are not cumulative. If you withdraw less
than the GWB Annual withdrawal amount in any contract year, you may not add the
remainder to your GWB Annual withdrawal amount in any subsequent year.

The withdrawal charge, if applicable, is waived for withdrawals up to the GWB
Annual withdrawal amount, but all withdrawals are counted toward your free
withdrawal amount. See "Withdrawal charge" in "Charges and expenses" later in
this Prospectus.

EFFECT OF GWB EXCESS WITHDRAWALS

A GWB Excess withdrawal is caused when you withdraw more than your GWB Annual
withdrawal amount in any contract year. Once a withdrawal causes cumulative
withdrawals in a contract year to exceed your GWB Annual withdrawal amount, the
entire amount of the withdrawal and each subsequent withdrawal in that contract
year are GWB Excess withdrawals.

A GWB Excess withdrawal can cause a significant reduction in both your GWB
benefit base and your GWB Annual withdrawal amount. If you make a GWB Excess
withdrawal, we will recalculate your GWB benefit base and the GWB Annual
withdrawal amount. As of the date of the GWB Excess withdrawal, the GWB benefit
base is first reduced by the dollar amount of the withdrawal (including any
applicable withdrawal charge), and the reduced GWB benefit base and the GWB
Annual withdrawal amount are then further adjusted, as follows:

o  If the account value after the deduction of the withdrawal is less than the
   GWB benefit base, then the GWB benefit base is reset equal to the account
   value.

o  If the account value after the deduction of the withdrawal is greater than or
   equal to the GWB benefit base, then the GWB benefit base is not adjusted
   further.

o  The GWB Annual withdrawal amount equals the lesser of: (i) the Applicable
   percentage of the adjusted GWB benefit base and (ii) the GWB Annual
   withdrawal amount prior to the GWB Excess withdrawal.

You should not purchase this benefit if you plan to take withdrawals in excess
of your GWB Annual withdrawal amount, as such withdrawals significantly reduce
or eliminate the value of Principal Protector(SM). If your account value is less
than your GWB benefit base (due, for example, to negative market performance),
a GWB Excess withdrawal, even one that is only slightly more than your GWB
Annual withdrawal amount, can significantly reduce your GWB benefit base and
the GWB Annual withdrawal amount.

For example, if you contribute $100,000 at contract issue, your initial GWB
benefit base is $100,000. If you elect the 7% GWB Annual withdrawal option,
your GWB Annual withdrawal amount is equal to $7,000 (7% of $100,000). Assume
in contract year four that your account value is $80,000, you have not made any
prior withdrawals, and you request an $8,000 withdrawal. Your $100,000 benefit
base is first reduced by $8,000 to now equal $92,000. Your GWB benefit base is
then further reduced to equal the new account value: $72,000 ($80,000 minus
$8,000). In addition, your GWB Annual withdrawal amount is reduced to $5,040
(7% of $72,000), instead of the original $7,000.

Withdrawal charges, if applicable, are applied to the amount of the withdrawal
exceeding the GWB Annual withdrawal amount. See "Withdrawal charge" in "Charges
and expenses" later in this Prospectus. You should further note that a GWB
Excess withdrawal that reduces your account value to zero eliminates any
remaining value in your GWB benefit base. See "Insufficient account value" in
"Determining your contract value" later in this Prospectus.

In general, if you purchase this contract as a traditional IRA and participate
in our Automatic RMD service, and you do not take any other withdrawals, an
automatic withdrawal under that program will not cause a GWB Excess withdrawal,
even if it exceeds your GWB Annual withdrawal amount. For more information, see
"Lifetime required minimum distribution withdrawals" in "Accessing your money"
later in this Prospectus.

If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option and chooses scheduled payments, such payments
will not cause a GWB Excess withdrawal, provided no additional withdrawals are
taken. If your beneficiary chooses the "5-year rule" instead of scheduled
payments, this waiver does not apply and a GWB Excess withdrawal may occur if
withdrawals exceed the GWB Annual withdrawal amounts.

EFFECT OF AUTOMATIC RESET


If you take no withdrawals in the first five contract years, the Applicable
percentage to determine your GWB Annual withdrawal amount will be automatically
reset at no additional charge. The Applicable percentage under the 7% GWB
Annual withdrawal option will be increased to 10%, and the Applicable
percentage under the 5% GWB Annual withdrawal option will be increased to 7%.
The Applicable percentage is automatically reset on your fifth contract date
anniversary, and your GWB Annual withdrawal amount will be recalculated.


44  Contract features and benefits




If you die before the fifth contract date anniversary, and your beneficiary
continues Principal Protector(SM) under the Beneficiary continuation option, if
available, the Automatic reset will apply on the fifth contract date
anniversary if you have not taken any withdrawals and: (1) your beneficiary
chooses scheduled payments and payments have not yet started; or, (2) if your
beneficiary chooses the "5-year rule" option and has not taken withdrawals. See
"Beneficiary continuation option" in "Payment of death benefit" later in this
Prospectus.


EFFECT OF ADDITIONAL CONTRIBUTIONS

Anytime you make an additional contribution, we will recalculate your GWB
benefit base and your GWB Annual withdrawal amount. Your GWB benefit base will
be increased by the amount of the contribution and your GWB Annual withdrawal
amount will be equal to the greater of (i) the Applicable percentage of the new
GWB benefit base, or (ii) the GWB Annual withdrawal amount in effect
immediately prior to the additional contribution.

If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, no additional contributions will be permitted.

OPTIONAL STEP UP PROVISION


Except as stated below, any time after the fifth contract date anniversary, you
may request a step up in the GWB benefit base to equal your account value. If
your GWB benefit base is higher than the account value as of the date we receive
your step up request, no step up will be made. If a step up is made, we may
increase the charge for the benefit. For a description of the charge increase,
see "Principal Protector(SM) charge" in "Charges and expenses" later in this
Prospectus. Once you elect to step up the GWB benefit base, you may not do so
again for five complete contract years from the next contract date anniversary.
Under both the Spousal protection and the successor owner annuitant features,
upon the first death, the surviving spouse must wait five complete contract
years from the last step up or from contract issue, whichever is later, to be
eligible for a step up.


As of the date of your GWB benefit base step up, your GWB Annual withdrawal
amount will be equal to the greater of (i) your GWB Annual withdrawal amount
before the step up, and (ii) your GWB Applicable percentage applied to your
stepped up GWB benefit base.

It is important to note that a step up in your GWB benefit base may not
increase your GWB Annual withdrawal amount. In that situation, the effect of
the step up is only to increase your GWB benefit base and support future
withdrawals. We will process your step up request even if it does not increase
your GWB Annual withdrawal amount, and we will increase the Principal
Protector(SM) charge, if applicable. In addition, you will not be eligible to
request another step up for five complete contract years. After processing your
request, we will send you a confirmation showing the amount of your GWB benefit
base and your GWB Annual withdrawal amount.

For example, if you contribute $100,000 at contract issue, your initial GWB
benefit base is $100,000. If you elect the 7% GWB Annual withdrawal option,
your GWB Annual withdrawal amount is equal to $7,000 (7% of $100,000). Assume
you take withdrawals of $7,000 in each of the first five contract years,
reducing the GWB benefit base to $65,000. After five contract years, further
assume that your account value is $92,000, and you elect to step up the GWB
benefit base from $65,000 to $92,000. The GWB Annual withdrawal amount is
recalculated to equal the greater of 7% of the new GWB benefit base, which is
$6,440 (7% of $92,000), or the current GWB Annual withdrawal amount, $7,000.
Therefore, following the step up, even though your GWB benefit base has
increased, your GWB Annual withdrawal amount does not increase and remains
$7,000.

The Optional step up provision is not available once your beneficiary continues
Principal Protector(SM) under the Beneficiary continuation option. However, if
you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, the GWB benefit base will be stepped up to
equal the account value, if higher, as of the transaction date that we receive
the Beneficiary continuation option election. As of the date of the GWB benefit
base step up, your beneficiary's GWB Annual withdrawal amount will be equal to
the greater of (i) your GWB Annual withdrawal amount before the step up, and
(ii) your GWB Applicable percentage applied to the stepped up GWB benefit base.
This is a one-time step up at no additional charge.

OTHER IMPORTANT CONSIDERATIONS

o  Principal Protector(SM) protects your principal only through withdrawals.
   Your account value may be less than your total contributions.

o  You can take withdrawals under your contract without purchasing Principal
   Protector(SM). In other words, you do not need this benefit to make
   withdrawals.

o  Amounts withdrawn in excess of your GWB Annual withdrawal amount may be
   subject to a withdrawal charge, if applicable, as described in "Charges and
   expenses" later in the Prospectus. In addition, all withdrawals count toward
   your free withdrawal amount for that contract year.

o  Withdrawals made under Principal Protector(SM) will be treated, for tax
   purposes, in the same way as other withdrawals under your contract.

o  All withdrawals are subject to all of the terms and conditions of the
   contract. Principal Protector(SM) does not change the effect of withdrawals
   on your account value or guaranteed minimum death benefit; both are reduced
   by withdrawals whether or not you elect Principal Protector(SM). See "How
   withdrawals are taken from your account value" and "How withdrawals (and
   transfers out of the Special 10 year fixed maturity option) affect your
   Guaranteed minimum income benefit, Guaranteed minimum death benefit and
   Guaranteed principal benefit option 2" in "Accessing your money" later in
   this Prospectus.

o  If you withdraw less than the GWB Annual withdrawal amount in any contract
   year, you may not add the remainder to your GWB Annual withdrawal amount in
   any subsequent year.

o  GWB Excess withdrawals can significantly reduce or completely eliminate the
   value of this benefit. See "Effect of GWB Excess withdrawals" above in this
   section and "Withdrawing your account value" in "Accessing your money" later
   in this Prospectus.

                                              Contract features and benefits  45



o  If you surrender your contract to receive its cash value, all benefits under
   the contract will terminate, including Principal Protector(SM) if your cash
   value is greater than your GWB Annual withdrawal amount. Therefore, when
   surrendering your contract, you should seriously consider the impact on
   Principal Protector(SM) when you have a GWB benefit base that is greater than
   zero.

o  If you die and your beneficiary elects the Beneficiary continuation option,
   then your beneficiary should consult with a tax adviser before choosing to
   use the "5-year rule." The "5-year rule" is described in "Payment of death
   benefit" under "Beneficiary continuation option" later in this Prospectus.
   The GWB benefit base may be adversely affected if the beneficiary makes any
   withdrawals that cause a GWB Excess withdrawal. Also, when the contract
   terminates at the end of 5 years, any remaining GWB benefit base would be
   lost.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT


This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to
the beneficiary after the deceased owner's death. See the discussion of
required minimum distributions under "Tax information." This contract is
intended only for beneficiaries who want to take payments at least annually
over their life expectancy. These payments generally must begin (or must have
begun) no later than December 31 of the calendar year following the year the
deceased owner died. This contract is not suitable for beneficiaries electing
the "5-year rule." See "Beneficiary continuation option for IRA and Roth IRA
contracts" under "Beneficiary continuation option" in "Payment of death
benefit" later in this Prospectus. You should discuss with your tax adviser
your own personal situation. This contract may not be available in all states.
Please speak with your financial professional for further information.

If you are existing contract owner, this contract may not have been available
when you purchased your contract. See Appendix IX later in this Prospectus for
more information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with
only individual beneficiaries will be treated as individuals for this purpose).
The contract must also contain the name of the deceased owner. In this
discussion, "you" refers to the owner of the inherited IRA beneficiary
continuation contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o  You must receive payments at least annually (but can elect to receive
   payments monthly or quarterly). Payments are generally made over your life
   expectancy determined in the calendar year after the deceased owner's death
   and determined on a term certain basis.

o  You must receive payments from this contract even if you are receiving
   payments from another IRA of the deceased owner in an amount that would
   otherwise satisfy the amount required to be distributed from this contract.

o  The beneficiary of the original IRA will be the annuitant under the inherited
   IRA beneficiary continuation contract. In the case where the beneficiary is a
   "See Through Trust," the oldest beneficiary of the trust will be the
   annuitant.

o  An inherited IRA beneficiary continuation contract is not available for
   annuitants over age 70.

o  The initial contribution must be a direct transfer from the deceased owner's
   original IRA and is subject to minimum contribution amounts. See "How you can
   purchase and contribute to your contract" earlier in this section.

o  Subsequent contributions of at least $1,000 are permitted but must be direct
   transfers of your interest as a beneficiary from another IRA with a financial
   institution other than AXA Equitable, where the deceased owner is the same as
   under the original IRA contract. A non-spousal beneficiary under an
   Applicable Plan cannot make subsequent contributions to an Inherited
   traditional IRA contract.


o  You may make transfers among the investment options.


o  You may choose at any time to withdraw all or a portion of the account value.
   Any partial withdrawal must be at least $300. Withdrawal charges if
   applicable under your contract, will apply as described in "Charges and
   expenses" later in this Prospectus.


o  The Guaranteed minimum income benefit, successor owner/ annuitant feature,
   special dollar cost averaging program (if applicable), automatic investment
   program, GPB Options 1 and 2, Principal Protector(SM) and systematic
   withdrawals are not available under the Inherited IRA beneficiary
   continuation contract.

o  If you die, we will pay to a beneficiary that you choose the greater of the
   annuity account value or the applicable death benefit.

46  Contract features and benefits



o  Upon your death, your beneficiary has the option to continue taking required
   minimum distributions based on your remaining life expectancy or to receive
   any remaining interest in the contract in a lump sum. The option elected will
   be processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment. If your beneficiary elects to continue to take
   distributions, we will increase the account value to equal the applicable
   death benefit if such death benefit is greater than such account value as of
   the date we receive satisfactory proof of death and any required
   instructions, information and forms. Thereafter, withdrawal charges (if
   applicable under your contract) will no longer apply. If you had elected any
   enhanced death benefits, they will no longer be in effect and charges for
   such benefits will stop. The Guaranteed minimum death benefit will also no
   longer be in effect.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional to find out what applies in your state.


Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification of your decision to cancel the contract and will reflect (i) any
investment gain or loss in the variable investment options (less the daily
charges we deduct), (ii) any guaranteed interest in the guaranteed interest
option, (iii) any positive or negative market value adjustments in the fixed
maturity options through the date we receive your contract, and (iv) any
interest in the account for special dollar cost averaging through the date we
receive your contract. Some states require that we refund the full amount of
your contribution (not reflecting (i), (ii), (iii), or (iv) above). For any IRA
contract returned to us within seven days after you receive it, we are required
to refund the full amount of your contribution.


We may require that you wait six months before you may apply for a contract
with us again if:

o  you cancel your contract during the free look period; or


o  you change your mind before you receive your contract, whether we have
   received your contribution or not.


Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office, or your financial professional, can provide you with the
cancellation instructions.

                                              Contract features and benefits  47



2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE
Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; (iv) the account for special dollar cost
averaging and (v) the loan reserve account (applicable to Rollover TSA
contracts only).


Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge as well
as optional benefit charges*; (ii) any applicable withdrawal charges and (iii)
the amount of any outstanding loan plus accrued interest (applicable to
Rollover TSA contracts only). Please see "Surrendering your contract to receive
its cash value" in "Accessing your money" later in this Prospectus.

- ----------------------
* Depending on when you purchased your contract, your account value will be
reduced by a pro rata portion of the administrative charge only. See Appendix
IX later in this Prospectus for more information.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a Rollover TSA contract.


In addition, if applicable, when we deduct the enhanced death benefit,
Guaranteed minimum income benefit, GPB Option 2, Principal Protector(SM) and/or
the Protection Plus(SM) benefit charges, the number of units credited to your
contract will be reduced. Your units are also reduced when we deduct the annual
administrative charge. A description of how unit values are calculated is found
in the SAI.


YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.

YOUR CONTRACT'S VALUE IN THE ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

Your value in the account for special dollar cost averaging at any time will
equal your contribution allocated to that option, plus interest, less the sum
of all amounts that have been transferred to the variable investment options
you have selected.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.


See Appendix VIII later in this Prospectus for any state variations with regard
to the termination of your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE (not available under all
contracts). In certain circumstances, even if your account value falls to zero,
your Guaranteed minimum income benefit

48  Determining your contract's value



will still have value. Please see "Contract features and benefits" earlier in
this Prospectus for information on this feature.


PRINCIPAL PROTECTOR (SM) (not available under all contracts)


If you elect Principal Protector(SM) and your account value falls to zero due to
a GWB Excess withdrawal, we will terminate your contract and you will receive
no payment or supplementary life annuity contract, as discussed below, even if
your GWB benefit base is greater than zero. If, however, your account value
falls to zero, either due to a withdrawal or surrender that is not a GWB Excess
withdrawal or due to a deduction of charges, please note the following:

o  If your GWB benefit base equals zero, we will terminate your contract and
   make no payment.

o  If your GWB benefit base is greater than zero but less than or equal to the
   balance of your GWB Annual withdrawal amount, if any, for that contract year,
   we will terminate your contract and pay you any remaining GWB benefit base.

o  If your GWB benefit base is greater than the balance of your remaining GWB
   Annual withdrawal amount, if any, for that contract year, we will pay you
   your GWB Annual withdrawal amount balance and terminate your contract, and we
   will pay you your remaining GWB benefit base as an annuity benefit, as
   described below.


o  If the Beneficiary continuation option is elected (not available in all
   states), and the account value falls to zero while there is a remaining GWB
   benefit base, we will make payments to the beneficiary as follows:


   o  If the beneficiary had elected scheduled payments we will continue to make
      scheduled payments over remaining life expectancy until the GWB benefit
      base is zero, and the Principal Protector(SM) charge will no longer apply.

   o  If the beneficiary had elected the "5-year rule" and the GWB benefit base
      is greater than the remaining GWB Annual withdrawal amount, if any, for
      that contract year, we will pay the beneficiary the GWB Annual withdrawal
      amount balance. We will continue to pay the beneficiary the remaining GWB
      Annual withdrawal amount each year until the GWB benefit base equals zero,
      or the contract terminates at the end of the fifth contract year,
      whichever comes first. Any remaining GWB benefit base at the end of the
      fifth contract year will terminate without value.


ANNUITY BENEFIT. If the contract terminates and the remaining GWB benefit base
is to be paid in installments, we will issue you an annuity benefit contract
and make annual payments equal to your GWB Annual withdrawal amount on your
contract date anniversary beginning on the next contract date anniversary,
until the cumulative amount of such payments equals the remaining GWB benefit
base (as of the date the contract terminates). The last installment payment may
be smaller than the previous installment payments in order for the total of
such payments to equal the remaining GWB benefit base.


The annuity benefit supplemental contract will carry over the same owner,
annuitant and beneficiary as under your contract. If you die before receiving
all of your payments, we will make any remaining payments to your beneficiary.
The charge for Principal Protector(SM) will no longer apply

If at the time of your death the GWB Annual withdrawal amount was being paid to
you as an annuity benefit, your beneficiary may not elect the Beneficiary
continuation option.

                                           Determining your contract's value  49



3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the investment options, subject to the
following:

o  You may not transfer any amount to the account for special dollar cost
   averaging.

o  You may not transfer to a fixed maturity option that has a rate to maturity
   of 3% or less.

o  If the annuitant is age 76-80, you must limit your transfers to fixed
   maturity options with maturities of seven years or less. If the annuitant is
   age 81 or older, you must limit your transfers to fixed maturity options of
   five years or less. We will not accept allocations to a fixed maturity option
   if on the date the contribution or transfer is to be applied, the rate to
   maturity is 3%. Also, the maturity dates may be no later than the date
   annuity payments are to begin.

o  If you make transfers out of a fixed maturity option other than at its
   maturity date, the transfer may cause a market value adjustment and affect
   your GPB.

o  A transfer into the guaranteed interest option will not be permitted if such
   transfer would result in more than 25% of the annuity account value being
   allocated to the guaranteed interest option, based on the annuity account
   value as of the previous business day. If you are an existing contractowner,
   this restriction may not apply. See Appendix IX later in this Prospectus for
   contract variations.

o  No transfers are permitted into the Special 10 year fixed maturity option.


In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.


The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option, the interest sweep option and dollar cost averaging
programs described under "Allocating your contributions" in "Contract features
and benefits" earlier in this Prospectus) in any contract year is the greatest
of:

(a)  25% of the amount you have in the guaranteed interest option on the last
     day of the prior contract year; or


(b)  the total of all amounts transferred at your request from the guaranteed
     interest option to any of the investment options in the prior contract
     year; or

(c)  25% of amounts transferred or allocated to the guaranteed interest option
     during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day that we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)  the contract number,

(2)  the dollar amounts or percentages of your current account value to be
     transferred, and

(3)  the investment options to and from which you are transferring. We will
     confirm all transfers in writing.


Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that

50  Transferring your money among investment options



do not. Securities trading in overseas markets present time zone arbitrage
opportunities when events affecting portfolio securities values occur after the
close of the overseas market but prior to the close of the U.S. markets.
Securities of small- and mid-capitalization companies present arbitrage
opportunities because the market for such securities may be less liquid than
the market for securities of larger companies, which could result in pricing
inefficiencies. Please see the prospectuses for the underlying portfolios for
more information on how portfolio shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE


We offer rebalancing, which you can use to automatically reallocate your
account value among your investment options. We currently offer two options:
"Option I" and "Option II." Option I, allows you to rebalance your account
value among the variable investment options. Option II allows you to rebalance
among the variable investment options and the guaranteed interest option. Under
both options, rebalancing is not available for amounts you have allocated to
the fixed maturity options.

In order to participate in one of our rebalancing programs, you must tell us:


   (a)  the percentage you want invested in each investment option (whole
        percentages only), and

   (b)  how often you want the rebalancing to occur (quarterly, semiannually, or
        annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will

                            Transferring your money among investment options  51



not be changed, and the rebalancing program will remain in effect unless you
request that it be canceled in writing. There is no charge for the rebalancing
feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
between the guaranteed interest option and the variable investment options.
These rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer into or out of the guaranteed interest
option to initiate the rebalancing program will not be permitted if such
transfer would violate these rules. If this occurs, the rebalancing program
will not go into effect.


You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.


52  Transferring your money among investment options



4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table. If you withdraw more than 90% of your
contract's current cash value, we will treat it as a request to surrender your
contract for its cash value. See "Surrendering your contract to receive its
cash value" below. For the potential tax consequences of withdrawals, see "Tax
information" later in this Prospectus.


Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus and "How withdrawals (and transfers out of the
Special 10 year fixed maturity option) affect your Guaranteed minimum income
benefit, Guaranteed minimum death benefit and Guaranteed principal benefit
option 2," below for more information on how withdrawals affect your guaranteed
benefits and could potentially cause your contract to terminate.


- --------------------------------------------------------------------------------
                                   Method of withdrawal
                   -------------------------------------------------------------
                                                                Lifetime
                                                                required
                                              Substantially     minimum
     Contract       Partial     Systematic        equal       distribution
- --------------------------------------------------------------------------------
NQ                   Yes           Yes             No             No
- --------------------------------------------------------------------------------
Rollover IRA         Yes           Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth
 Conversion
 IRA                 Yes           Yes             Yes            No
- --------------------------------------------------------------------------------
Inherited IRA        Yes           No              No              *
- --------------------------------------------------------------------------------
QP**                 Yes           No              No             Yes
- --------------------------------------------------------------------------------
Rollover
 TSA***              Yes           Yes             No             Yes
- --------------------------------------------------------------------------------
*    This contract pays out post-death required minimum distributions. See
     "Inherited IRA beneficiary continuation contract" in "Contract features and
     benefits" earlier in this Prospectus.

**   All payments are made to the trust as the owner of the contract.

***  For some Rollover TSA contracts, your ability to take withdrawals, loans or
     surren der your contract may be limited. You must provide withdrawal
     restriction information when you apply for a contract. See "Tax Sheltered
     Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). If you already own your contract, the
applicable free withdrawal percentage may be higher. See Appendix IX later in
this Prospectus for the free withdrawal amount that applies to your contract.
Under Rollover TSA contracts, if a loan is outstanding, you may only take
partial withdrawals as long as the cash value remaining after any withdrawal
equals at least 10% of the outstanding loan plus accrued interest.


SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRA and QP)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).


You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election. If you
already own your contract, the applicable percentages may be higher. See
Appendix IX later in this Prospectus for information on what applies to your
contract.


We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. This option is not available if you have elected a Guaranteed principal
benefit. -- if you are an existing contract owner, this restriction may not
apply to you. See Appendix IX later in this Prospectus for more information.


SUBSTANTIALLY EQUAL WITHDRAWALS
(Rollover IRA and Roth Conversion IRA contracts)

We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this;

                                                        Accessing your money  53




this is not the exclusive method of meeting this exception. After consultation
with your tax adviser, you may decide to use another method which would require
you to compute amounts yourself and request partial withdrawals. In such a
case, a withdrawal charge may apply. Once you begin to take substantially equal
withdrawals, you should not stop them or change the pattern of your withdrawals
until after the later of age 59-1/2 or five full years after the first
withdrawal. If you stop or change the withdrawals or take a partial withdrawal,
you may be liable for the 10% federal tax penalty that would have otherwise
been due on prior withdrawals made under this option and for any interest on
the delayed payment of the penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.

Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge. This option is not available if you have elected a
guaranteed principal benefit. -- if you are an existing contract owner, this
restriction may not apply to you. See Appendix IX later in this Prospectus for
more information.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, QP and Rollover TSA contracts only -- See "Tax information"
later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or Guaranteed minimum income benefit, amounts
withdrawn from the contract to meet RMDs will reduce the benefit base and may
limit the utility of the benefit. Also, the actuarial present value of
additional contract benefits must be added to the account value in calculating
required minimum distribution withdrawals from annuity contracts funding
qualified plans, TSAs and IRAs, which could increase the amount required to be
withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------


We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if, when added to a partial
withdrawal previously taken in the same contract year, the minimum distribution
withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH PRINCIPAL PROTECTOR(SM). If you elect Principal
Protector(SM), provided no other withdrawals are taken during a contract year in
which you participate in our Automatic RMD service, an automatic withdrawal
using our service will not cause a GWB Excess withdrawal, even if it exceeds
your GWB Annual withdrawal amount. If you take any other withdrawal while you
participate in the service, however, this GWB Excess withdrawal exception
terminates permanently. In order to take advantage of this exception, you must
elect and maintain participation in our Automatic RMD service at your required
beginning date, or the contract date, if your required beginning date has
occurred before the contract was purchased. See "Principal Protector(SM)" in
"Contract features and benefits" earlier in this Prospectus for further
information.

HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE


Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and the guaranteed interest option, any additional amount of
the withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options (other than the Special 10 year fixed maturity
option, if applicable) in the order of the earliest maturity date(s) first. If
the FMO amounts are insufficient, we will deduct all or a portion of the
withdrawal from the account for special dollar cost averaging. If such amounts
are still insufficient, we will deduct any remaining portion from the Special
10 year fixed maturity option. A market value adjustment will apply to
withdrawals from the fixed maturity options (including the Special 10 year
fixed maturity option).


54  Accessing your money



HOW WITHDRAWALS (AND TRANSFERS OUT OF THE SPECIAL 10 YEAR FIXED MATURITY
OPTION) AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED MINIMUM DEATH
BENEFIT AND GUARANTEED PRINCIPAL BENEFIT OPTION 2

In general, withdrawals will reduce your guaranteed benefits on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
your current account value that is being withdrawn and we reduce your current
benefit by the same percentage. For example, if your account value is $30,000
and you withdraw $12,000, you have withdrawn 40% of your account value. If your
benefit was $40,000 before the withdrawal, it would be reduced by $16,000
($40,000 X .40) and your new benefit after the withdrawal would be $24,000
($40,000 - $16,000).

Transfers out of the Special 10 year fixed maturity option will reduce the GPB
Option 2 amount on a pro rata basis. In addition, if you make a contract
withdrawal from the Special 10 year fixed maturity option, we will reduce your
GPB Option 2 in a similar manner; however, the reduction will reflect both a
transfer out of the Special 10 year fixed maturity option and a withdrawal from
the contract. Therefore, the reduction in GPB Option 2 is greater when you take
a contract withdrawal from the Special 10 year fixed maturity option than it
would be if you took the withdrawal from another investment option.

Similar to the example above, if your account value is $30,000 and you withdraw
$12,000 from the Special 10 year fixed maturity option, you have withdrawn 40%
of your account value. If your GPB Option 2 benefit was $40,000 before the
withdrawal, the reduction to reflect the transfer out of the Special 10 year
fixed maturity option would equal $16,000 ($40,000 x .40). The amount used to
calculate the reduction to reflect the withdrawal from the contract is $24,000
($40,000 - $16,000). The reduction to reflect the withdrawal would equal $9,600
($24,000 x .40), and your new benefit after the withdrawal would be $14,400
($24,000 - $9,600).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6% (or
5%) Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% (or 5%) Roll-Up to age 85 benefit base on a dollar-for-dollar
basis, as long as the sum of withdrawals in a contract year is 6% (or 5%) or
less of the 6% (or 5%) Roll-Up benefit base on the most recent contract date
anniversary. Additional contributions made during the contract year do not
affect the amount of withdrawals that can be taken on a dollar-for dollar basis
in that contract year. Once a withdrawal is taken that causes the sum of
withdrawals in a contract year to exceed 6% (or 5%) of the benefit base on the
most recent anniversary, that entire withdrawal and any subsequent withdrawals
in that same contract year will reduce the benefit base pro rata. Reduction on
a dollar-for-dollar basis means that your 6% (or 5%) Roll-Up to age 85 benefit
base will be reduced by the dollar amount of the withdrawal for each Guaranteed
benefit. The Annual Ratchet to age 85 benefit base will always be reduced on a
pro rata basis.

If you already own your contract, the effect of withdrawals on your Guaranteed
minimum income benefit and Guaranteed minimum death benefit (including the
Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death
benefit) may be different. See Appendix IX later in this Prospectus for
information on what applies to your contract.


HOW WITHDRAWALS AFFECT PRINCIPAL PROTECTOR(SM)


If you elect Principal Protector(SM), if available, any withdrawal reduces your
GWB benefit base by the amount of the withdrawal. In addition, a GWB Excess
withdrawal can significantly reduce your GWB Annual withdrawal amount and
further reduce your GWB benefit base. For more information, see "Effect of GWB
Excess withdrawals" and "Other important considerations" under "Principal
Protector(SM)" in "Contract features and benefits" earlier in this Prospectus.


WITHDRAWALS TREATED AS SURRENDERS


If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. Also, under
certain contracts, we have the right to pay the cash value and terminate this
contract if no contributions are made during the last three completed contract
years, and the account value is less than $500, or if you make a withdrawal
that would result in a cash value of less than $500. If you are an existing
contract owner, the rules in the preceding sentence may not apply under your
contract or if the Guaranteed minimum income benefit no lapse guarantee is
available and in effect on your contract. See Appendix IX later in this
Prospectus for information on what applies to your contract. See also
"Surrendering your contract to receive its cash value" below. For the tax
consequences of withdrawals, see "Tax information" later in this Prospectus.


SPECIAL RULES FOR PRINCIPAL PROTECTOR(SM). If you elect Principal Protector(SM),
all withdrawal methods described above can be used. We will not treat a
withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a GWB
Excess withdrawal. In addition, we will not terminate your contract if either
your account value or cash value falls below $500, unless it is due to a GWB
Excess withdrawal. In other words, if you take a GWB Excess withdrawal that
equals more than 90% of your cash value or reduces your cash value to less than
$500, we will treat your request as a surrender of your contract even if your
GWB benefit base is greater than zero. Please also see "Insufficient account
value" in "Determining your contract value" earlier in this Prospectus. Please
also see Principal Protector(SM) in "Contract features and benefits," earlier in
this Prospectus, for more information on how withdrawals affect your guaranteed
benefits and could potentially cause your contract to terminate.

                                                        Accessing your money  55



LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you
may only take a loan with the written consent of your spouse. Your contract
contains further details of the loan provision. Please see Appendix VIII later
in this Prospectus for any state restrictions you may be subject to if you take
a loan from a Rollover TSA contract. Also, see "Tax information" later in this
Prospectus for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of a loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1)  the date annuity payments begin,

(2)  the date the contract terminates, and


(3)  the date a death benefit is paid (the outstanding loan including any
     accrued and unpaid loan interest, will be deducted from the death benefit
     amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.

LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options and the guaranteed interest option. If those amounts are
insufficient, any additional amount of the loan will be subtracted from the
fixed maturity options (other than the Special 10 year fixed maturity option),
in the order of the earliest maturity date(s) first. A market value adjustment
may apply. If the FMO amounts are insufficient, we will deduct all or a portion
of the loan from the account for special dollar cost averaging. If such amounts
are still insufficient, we will deduct any remaining portion from the Special
10 year fixed maturity option. A market value adjustment will apply to
withdrawals from the fixed maturity options (including the Special 10 year
fixed maturity option). If the amounts are withdrawn from the Special 10 year
fixed maturity option, the guaranteed benefit will be adversely affected. See
"Guaranteed principal benefit option 2" in "Contract features and benefits"
earlier in this Prospectus.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify otherwise, we will transfer the dollar amount of
the loan repaid from the loan reserve account to the investment options
according to the allocation percentages we have on our records.

The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while the
annuitant is living and before you begin to receive annuity payments. (Rollover
TSA contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including Principal Protector(SM) (if applicable), if your
cash value is greater than your GWB Annual withdrawal amount. If you have a GWB
benefit base greater than zero, you should consider the impact of a contract
surrender on the Principal Protector(SM) benefit. If your surrender request does
not constitute a GWB Excess withdrawal, you may be eligible for additional
benefits. If, however, your surrender request constitutes a GWB Excess
withdrawal, you will lose those benefits. Also, if the Guaranteed minimum
income benefit no lapse guarantee is in effect under your contract, the
Guaranteed minimum income benefit will terminate without value if your cash
value plus any other withdrawals taken in the contract year exceed 6% of the
Roll-Up benefit base (as of the beginning of the contract year). For more
information, please see "Annuity benefit" under "Insufficient account value" in
"Determining your contract value" and "Principal Protector(SM)" in "Contract
features and benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal

56  Accessing your money



charges) and, upon surrender, payment of the cash value. We may postpone such
payments or applying proceeds for any period during which:

(1)  the New York Stock Exchange is closed or restricts trading,

(2)  sales of securities or determination of the fair value of a variable
     investment option's assets is not reasonably practicable because of an
     emergency, or

(3)  the SEC, by order, permits us to defer payment to protect people remaining
     in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option, fixed maturity options and the account for special dollar cost
averaging (other than for death benefits) for up to six months while you are
living. We also may defer payments for a reasonable amount of time (not to
exceed 10 days) while we are waiting for a contribution check to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery service at your expense.

YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Elite(SM) provide for
conversion to payout status at or before the contract's "maturity date." This
is called annuitization. When your contract is annuitized, your Accumulator(R)
Elite(SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Elite(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may
exercise your benefit in accordance with its terms.


Your Accumulator(R) Elite(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments, which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VIII later in this
Prospectus for variations that may apply to your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the annuitant's age at
contract issue. In addition, if you are exercising your Guaranteed minimum
income benefit, your choice of payout options are those that are available
under the Guaranteed minimum income benefit (see "Guaranteed minimum income
benefit option" in "Contract features and benefits" earlier in this
Prospectus). If you elect Principal Protector(SM) and choose to annuitize your
contract, Principal Protector(SM) will terminate without value even if your GWB
benefit base is greater than zero. Payments you receive under the annuity
payout option you select may be less than you would have received under
Principal Protector(SM). See "Principal Protector(SM)" in "Contract features and
benefits" earlier in this Prospectus for further information.

- ----------------------------------------------------------------
Fixed annuity payout options           Life annuity
                                       Life annuity with period
                                         certain
                                       Life annuity with refund
                                         certain
                                       Period certain annuity
- ----------------------------------------------------------------
Variable Immediate Annuity             Life annuity
   payout options                      Life annuity with period
                                         certain
- ----------------------------------------------------------------
Income Manager(SM) payout options      Life annuity with period
   (available for annuitants age 83      certain
   or less at contract issue)          Period certain annuity
- ----------------------------------------------------------------

o  Life annuity: An annuity that guarantees payments for the rest of the
   annuitant's life. Payments end with the last monthly payment before the
   annuitant's death. Because there is no continuation of benefits following the
   annuitant's death with this payout option, it provides the highest monthly
   payment of any of the life annuity options, so long as the annuitant is
   living.

o  Life annuity with period certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the end of a
   selected period of time ("period certain"), payments continue to the
   beneficiary for the balance of the period certain. The period certain cannot
   extend beyond the annuitant's life expectancy. A life annuity with a period
   certain is the form of annuity under the contracts that you will receive if
   you do not elect a different payout option. In this case, the period certain
   will be based on the annuitant's age and will not exceed 10 years.

o  Life annuity with refund certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the amount applied
   to purchase the annuity option has been recovered, payments to the
   beneficiary will continue until that amount has been recovered. This payout
   option is available only as a fixed annuity.

o  Period certain annuity: An annuity that guarantees payments for a specific
   period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
   not exceed the annuitant's life expectancy. This option does not guarantee
   payments for the rest of the annuitant's life. It does not permit any
   repayment of the unpaid principal, so you cannot elect to receive part of the
   payments as a single sum payment with the rest paid in monthly annuity
   payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life and, after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.

                                                        Accessing your money  57



FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.


INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your contract.

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) Elite(SM)
contract to an Income Manager(SM) payout annuity. In this case, we will consider
any amounts applied as a withdrawal from your Accumulator(R) Elite(SM), and we
will deduct any applicable withdrawal charge. For the tax consequences of
withdrawals, see "Tax information" later in this Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option (or "Living Benefit" option), different
payout options may apply, as well as various other differences. See "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus, as well as the Income Manager(SM) prospectus.

THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION

The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of your purchase as it
relates to any withdrawal charges. If amounts in a fixed maturity option are
used to purchase any annuity payout option prior to the maturity date, a market
value adjustment will apply.


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your Accumulator(R) Elite(SM) contract is
imposed if you select a non-life contingent period certain payout annuity. If
the period certain is more than 5 years, then the withdrawal charge deducted
will not exceed 5% of the account value.

For the Income Manager(SM) life contingent payout options no withdrawal charge
is imposed under your contract. If the withdrawal charge that otherwise would
have been applied to your account value under your contract is greater than 2%
of the contributions that remain in your contract at the time you purchase your
payout option, the withdrawal charges under the Income Manager(SM) will apply.
The year in which your account value is applied to the payout option will be
"contract year 1."


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.


You can choose the date annuity payments begin. In most states, it may not be
earlier than thirteen months from the Accumulator(R) Elite(SM) contract date.
Please see Appendix VIII later in this Prospectus for information on state
variations. Except with respect to the Income Manager(SM) annuity payout
options, where payments are made on the 15th day of each month, you can change
the date your annuity payments are to begin anytime before that date as long as
you do not choose a date later than the 28th day of any month. Also, that date
may not be later than the annuity maturity date described below.

The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.

58  Accessing your money




If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.

ANNUITY MATURITY DATE

Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is generally the
contract date anniversary that follows the annuitant's 95th birthday. We will
send a notice with the annual statement one year prior to the maturity age.

If you elect Principal Protector and your contract is annuitized at maturity,
we will offer an annuity payout option for life that guarantees you will
receive payments that are at least equal to what you would have received under
Principal Protector until the point at which your GWB Benefit Base is depleted.
After your GWB Benefit Base is depleted, you will continue to receive periodic
payments while you are living. The amount of each payment will be the same as
the payment amount that you would have received if you had applied your account
value on the maturity date to purchase a life annuity at the annuity purchase
rate guaranteed in your contract; this payment amount may be more or less than
your GWB Annual Withdrawal amount.


Please see Appendix VIII later in this Prospectus for variations that may apply
in your state.

                                                        Accessing your money  59



5.  Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS
We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o  A mortality and expense risks charge

o  An administrative charge

o  A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o  On each contract date anniversary -- an annual administrative charge, if
   applicable.

o  At the time you make certain withdrawals or surrender your contract -- a
   withdrawal charge.

o  On each contract date anniversary, a charge for each optional benefit that
   you elect: a death benefit (other than the Standard death benefit); the
   Guaranteed minimum income benefit; Principal Protector(SM); and Protection
   Plus(SM).

o  On the first 10 contract date anniversaries -- a charge for GPB Option 2, if
   you elect this optional benefit.

o  At the time annuity payments are to begin -- charges designed to approximate
   certain taxes that may be imposed on us, such as premium taxes in your state.
   An annuity administrative fee may also apply.


More information about these charges appears below. The fees and charges
described are the maximum fees and charges that a contract owner will pay.
Please see your contract and/or Appendix IX for the fees and charges that apply
under your contract. We will not increase these charges for the life of your
contract, except as noted. We may reduce certain charges under group or
sponsored arrangements. See "Group or sponsored arrangements" later in this
section.


The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard death benefit. The daily charge is
equivalent to an annual rate of 1.10% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.30% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.25%
of the net assets in each variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VIII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (other than the Special 10 year fixed


60  Charges and expenses




maturity option) in order of the earliest maturity date(s) first. If such fixed
maturity option amounts are insufficient, we will deduct all or a portion of
the charge from the account for special dollar cost averaging. If such amounts
are still insufficient, we will deduct any remaining portion from the Special
10 year fixed maturity option. If the contract is surrendered or annuitized or
a death benefit is paid on a date other than a contract date anniversary, we
will deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options (including
the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceeds the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or to apply your cash value to a non-life contingent
annuity payout option. For more information about the withdrawal charge if you
select an annuity payout option, see "Your annuity payout options--The amount
applied to purchase an annuity payout option" in "Accessing your money" earlier
in the Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn in any
of the first four years after we receive a contribution. We determine the
withdrawal charge separately for each contribution according to the following
table:

- ---------------------------------------------------------------
                        Contract year
- ---------------------------------------------------------------
                                  1     2     3     4      5
- ---------------------------------------------------------------
Percentage of contribution        8 %   7 %   6 %   5 %    0 %
- ---------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1" and the withdrawal
charge is reduced or expires on each applicable contract date anniversary.
Amounts withdrawn up to the free withdrawal amount are not considered
withdrawals of any contribution. We also treat contributions that have been
invested the longest as being withdrawn first. We treat contributions as
withdrawn before earnings for purposes of calculating the withdrawal charge.
However, federal income tax rules treat earnings under your contract as
withdrawn first. See "Tax information" later in this Prospectus.


For contracts issued in New York, please see Appendix VIII later in this
Prospectus for the New York withdrawal charge schedule applicable to monies
withdrawn from and transferred among the fixed maturity options.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and withdrawal charge from your account
value. The amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.


The withdrawal charge does not apply in the circumstances described below.


10% free withdrawal amount. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase the 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.


For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract), and (2)
the 10% free withdrawal amount defined above.

If you elect Principal Protector(SM), we will waive any withdrawal charge for
any withdrawal during the contract year up to the GWB Annual withdrawal amount,
even if such withdrawals exceed the free withdrawal amount. However, each
withdrawal reduces the free withdrawal amount for that contract year by the
amount of the withdrawal. Withdrawal charges, if applicable, are applied to the
amount of the withdrawal that exceeds the GWB Annual withdrawal amount.


If you already own your contract, the applicable free withdrawal percentage may
be higher. See Appendix IX later in this Prospectus for the free withdrawal
amount that applies under your contract.

Certain withdrawals. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6% Roll-Up to age 85 or the annual ratchet to age 85
enhanced death benefit, the withdrawal charge will be waived for any withdrawal
that, together with any prior withdrawals made during the contract year, does
not exceed 6% of the beginning of contract year 6% to age 85 Roll-Up benefit
base, even if such withdrawals exceed the free withdrawal amount. Also, a
withdrawal charge does not apply to a withdrawal that exceeds 6% of the
beginning of contract year 6% to age 85 Roll-Up benefit base as long as it does
not exceed the free withdrawal amount. If your withdrawal exceeds the amount
described above, this waiver is not applicable to that withdrawal, nor to any
subsequent withdrawal for the life of the contract.

If you are an existing contract owner, see Appendix IX later in this Prospectus
to see if this waiver of the withdrawal charge applies under your contract.


Disability, terminal illness or confinement to nursing home. The withdrawal
charge also does not apply if:

                                                        Charges and expenses  61



(i)   The annuitant has qualified to receive Social Security disability benefits
      as certified by the Social Security Administration; or

(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that the annuitant's life expectancy is six months or less; or

(iii) The annuitant has been confined to a nursing home for more than 90 days
      (or such other period, as required in your state) as verified by a
      licensed physician. A nursing home for this purpose means one that is (a)
      approved by Medicare as a provider of skilled nursing care service, or (b)
      licensed as a skilled nursing home by the state or territory in which it
      is located (it must be within the United States, Puerto Rico, or U.S.
      Virgin Islands) and meets all of the following:
      -- its main function is to provide skilled, intermediate, or custodial
           nursing care;
      -- it provides continuous room and board to three or more persons;
      -- it is supervised by a registered nurse or licensed practical nurse;
      -- it keeps daily medical records of each patient;
      -- it controls and records all medications dispensed; and
      -- its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions as described in (i), (ii)
or (iii) above existed at the time a contribution was remitted or if the
condition began within 12 months of the period following remittance. Some
states may not permit us to waive the withdrawal charge in the above
circumstances, or may limit the circumstances for which the withdrawal charge
may be waived. Your financial professional can provide more information or you
may contact our processing office.


GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base. If you are an existing
contract owner, the charge may be as much as to 0.30% of the Annual Ratchet to
age 85 benefit base. Please see Appendix IX later in this Prospectus or your
contract for the charge that applies under your contract.

GREATER OF 5% ROLL-UP TO AGE 85. (no longer available). If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.50% of the Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to
age 85 benefit base.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.60% of the Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to
age 85 benefit base. If you are an existing contract owner, your charge may be
less. Please see Appendix IX later in this Prospectus or your contract for more
information.

6% ROLL-UP TO AGE 85. (no longer available). If you elected the 6% Roll-Up to
age 85 enhanced death benefit, we deduct a charge annually from your account
value on each contract date anniversary for which it is in effect. The charge
is equal to 0.45% of the 6% Roll-Up to age 85 benefit base.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VIII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state) on a pro rata basis. If these amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (other than the Special 10 year fixed maturity option) in the
order of the earliest maturity date(s) first. If such fixed maturity option
amounts are insufficient, we will deduct all or a portion of the charge from
the account for special dollar cost averaging. If such amounts are still
insufficient, we will deduct any remaining portion from the Special 10 year
fixed maturity option. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. If you are an existing
contract owner, this pro rata deduction may not apply under your contract. See
Appendix IX later in this Prospectus for more information. A market value
adjustment will apply to deductions from the fixed maturity options (including
the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

There is no charge if you exercise the Guaranteed minimum death
benefit/Guaranteed minimum income benefit roll-up benefit base reset option.

STANDARD DEATH BENEFIT. There is no additional charge for the standard death
benefit.

GUARANTEED PRINCIPAL BENEFIT OPTION 2


If you purchase GPB Option 2, we deduct a charge annually from your account
value on the first 10 contract date anniversaries. The charge is equal to 0.50%
of the account value. We will deduct this charge from your value in the
variable investment options and the guaranteed interest option (see Appendix
VIII later in this Prospectus to see if deducting this charge from the
guaranteed interest option is permitted in your state) on a pro rata basis. If
these amounts are insufficient, we will deduct any remaining portion of the
charge from amounts in any fixed maturity options (other than the Special 10
year fixed maturity option) in the order of the earliest maturity date(s)
first. If such amounts are insufficient, we will deduct all or a portion from
the account for special dollar cost averaging. If such amounts are still
insufficient, we will deduct any remaining portion from the Special 10 year
fixed maturity option. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. If you are an existing
contract owner, this pro rata deduction may not apply under your contract. See
Appendix IX later in this Prospectus for more


62  Charges and expenses




information. A market value adjustment will apply to deductions from the fixed
maturity options (including the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


GUARANTEED MINIMUM INCOME BENEFIT (THE "LIVING BENEFIT") CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option, or the contract date anniversary after the annuitant reaches 85,
whichever occurs first. The charge is equal to 0.65% of the applicable benefit
base in effect on the contract date anniversary. If you are an existing
contract owner, your charge may be less. Please see Appendix IX later in this
Prospectus or your contract for more information.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (See Appendix VIII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state.) If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options in the
order of the earliest maturity date(s) first. If such fixed maturity option
amounts are still insufficient, we will deduct all or a portion of the charge
from the account for special dollar cost averaging. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year. If you are an existing contract owner, this pro rata deduction may
not apply under your contract. See Appendix IX later in this Prospectus for
more information. A market value adjustment will apply to deductions from the
fixed maturity options (including the Special 10 year fixed maturity option, if
available).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


There is no charge if you exercise the Guaranteed minimum death
benefit/guaranteed minimum income benefit roll-up benefit base reset option or
for the Guaranteed minimum income benefit no lapse guarantee. This option is
not available under all contracts.


PROTECTION PLUS(SM) CHARGE


If you elect Protection Plus(SM), we deduct a charge annually from your account
value on each contract date anniversary for which it is in effect. The charge
is equal to 0.35% of the account value on each contract date anniversary. We
will deduct this charge from your value in the variable investment options and
the guaranteed interest option on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (other than the Special 10 year fixed maturity option) in the
order of the earliest maturity date(s) first. If such fixed maturity option
amounts are insufficient, we will deduct all or a portion of the charge from
the account for special dollar cost averaging. If such amounts are still
insufficient, we will deduct any remaining portion from the Special 10 year
fixed maturity option. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. If you are an existing
contract owner, this pro rata deduction may not apply under your contract. See
Appendix IX later in this Prospectus for more information. A market value
adjustment will apply to deductions from the fixed maturity options (including
the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

PRINCIPAL PROTECTOR(SM) CHARGE


If you elect Principal Protector(SM), we deduct a charge annually as a
percentage of your account value on each contract date anniversary. If you elect
the 5% GWB Annual withdrawal option, the charge is equal to 0.35%. If you elect
the 7% GWB Annual withdrawal option, the charge is equal to 0.50%. We will
deduct this charge from your value in the variable investment options and the
guaranteed interest option (See Appendix VIII later in this Prospectus to see if
deducting this charge from the guaranteed interest option is permitted in your
state) on a pro rata basis. If those amounts are insufficient, we will deduct
all or a portion of the charge from the fixed maturity options in the order of
the earliest maturity date(s) first. If the contract is surrendered or
annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year. If
you are an existing contract owner, this pro rata deduction may not apply under
your contract. See Appendix IX later in this Prospectus for more information. If
you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, we will not deduct a pro rata portion of the
charge upon your death. However, the Principal Protector(SM) charge will
continue. A market value adjustment will apply to deductions from the fixed
maturity options.


If your GWB benefit base falls to zero but your contract is still in force, the
charge will be suspended as of the next contract date anniversary. The charge
will be reinstated, as follows: (i) if you make a subsequent contribution, we
will reinstate the charge that was in effect at the time your GWB benefit base
became depleted, (ii) if you elect to exercise the Optional step up provision,
we will reinstate a charge, as discussed immediately below, and (iii) if your
beneficiary elects the Beneficiary continuation option and reinstates the
Principal Protector(SM) benefit with a one time step up, we will reinstate the
charge that was in effect when the GWB benefit base fell to zero.

If your beneficiary elects the Beneficiary continuation option, and is eligible
to continue Principal Protector(SM), the benefit and the charge will continue
unless your beneficiary tells us to terminate the benefit at the time of
election.

OPTIONAL STEP UP CHARGE. Every time you elect the Optional step up, we reserve
the right to raise the benefit charge at the time of the step

                                                        Charges and expenses  63




up. The maximum charge for Principal Protector(SM) with a 5% GWB Annual
withdrawal option is 0.60%. The maximum charge for Principal Protector(SM) with
a 7% GWB Annual withdrawal amount option is 0.80%. The increased charge, if any,
will apply as of the next contract date anniversary following the step up and on
all contract anniversaries thereafter.


If you die and your beneficiary elects the Beneficiary continuation option, if
available, a one time step up only (at no additional charge) is applicable. For
more information on the Optional step up, one time step up and Automatic reset
provisions, see "Principal Protector(SM)" in "Contract features and benefits."

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.

VARIABLE IMMEDIATE ANNUITY ANNUITIZATION PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity annuitization payout option. This option may not be available
at the time you elect to annuitize or it may have a different charge.

CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o  Management fees ranging from 0.05% to 1.40%.

o  12b-1 fees of either 0.25% or 0.35%.


o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian fees
   and liability insurance.

o  Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of shares of other portfolios of AXA Premier VIP Trust
and EQ Advisors Trust and/or shares of unaffiliated portfolios (collectively,
the "underlying portfolios"). The underlying portfolios each have their own
fees and expenses, including management fees, operating expenses, and
investment related expenses such as brokerage commissions. For more information
about these charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS


For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to 12b-1 fees.
Group arrangements include those in which a trustee or an employer, for
example, purchases contracts covering a group of individuals on a group basis.
Group arrangements are not available for Rollover IRA and Roth Conversion IRA
contracts. Sponsored arrangements include those in which an employer allows us
to sell contracts to its employees or retirees on an individual basis.


Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We also may establish different rates to maturity for the fixed maturity
options under different classes of contracts for group or sponsored
arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

64  Charges and expenses



6.  Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT
You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In
a QP contract, the beneficiary must be the trustee. Where an NQ contract is
owned for the benefit of a minor pursuant to the Uniform Gift to Minors Act or
the Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. We determine the amount of the
death benefit (other than the applicable Guaranteed minimum death benefit) and
any amount applicable under the Protection Plus(SM) feature, as of the date we
receive satisfactory proof of the annuitant's death, any required instructions
for the method of payment, forms necessary to effect payment and any other
information we may require. The amount of the applicable Guaranteed minimum
death benefit will be such Guaranteed minimum death benefit as of the date of
the annuitant's death, adjusted for any subsequent withdrawals. For Rollover
TSA contracts with outstanding loans, we will reduce the amount of the death
benefit by the amount of the outstanding loan, including any accrued but unpaid
interest on the date that the death benefit payment is made.


Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

EFFECT OF THE ANNUITANT'S DEATH

If the annuitant dies before the annuity payments begin, we will pay the death
benefit to your beneficiary.

Generally, the death of the annuitant terminates the contract. However, a
surviving spouse who is the sole primary beneficiary, of the deceased
owner/annuitant can choose to be treated as the successor owner/annuitant and
continue the contract. The Successor owner/  annuitant feature is only
available under NQ and individually owned IRA (other than Inherited IRAs)
contracts. See "Inherited IRA beneficiary continuation contract" in "Contract
features and benefits" earlier in this Prospectus.

For NQ and all types of IRA contracts, a beneficiary may be able to have
limited ownership as discussed under "Beneficiary continuation option" below.

WHEN AN NQ CONTRACT OWNER DIES BEFORE THE ANNUITANT

Under certain conditions the owner changes after the original owner's death for
the purposes of receiving required distributions from the contract. When you
are not the annuitant under an NQ contract and you die before annuity payments
begin, unless you specify otherwise, the beneficiary named to receive this
death benefit upon the annuitant's death will become the successor owner. If
you do not want this beneficiary to be the successor owner, you should name a
specific successor owner. You may name a successor owner at any time during
your life by sending satisfactory notice to our processing office. If the
contract is jointly owned and the first owner to die is not the annuitant, the
surviving owner becomes the sole contract owner. This person will be considered
the successor owner for purposes of the distribution rules described in this
section. The surviving owner automatically takes the place of any other
beneficiary designation.

You should carefully consider the following if you have elected the Guaranteed
minimum income benefit and you are the owner, but not the annuitant. Because
the payments under the Guaranteed minimum income benefit are based on the life
of the annuitant, and the federal tax law required distributions described
below are based on the life of the successor owner, a successor owner who is
not also the annuitant may not be able to exercise the Guaranteed minimum
income benefit, if you die before annuity payments begin. Therefore, one year
before you become eligible to exercise the Guaranteed minimum income benefit,
you should consider the effect of your beneficiary designations on potential
payments after your death. For more information, see "Exercise rules" under
"Guaranteed minimum income benefit option" in "Contract features and benefits"
earlier in this Prospectus.

Unless the surviving spouse of the owner who has died (or in the case of a
joint ownership situation, the surviving spouse of the first owner to die) is
the successor owner for this purpose, the entire interest in the contract must
be distributed under the following rules:

o  The cash value of the contract must be fully paid to the successor owner (new
   owner) within five years after your death (the "5-year rule"), or in a joint
   ownership situation, the death of the first owner to die.

                                                    Payment of death benefit  65



o  If Principal Protector(SM) was elected and if the "5-year rule" is elected
   and the successor owner dies prior to the end of the fifth year, we will pay
   any remaining account value in a lump sum and the contract and any remaining
   GWB benefit base will terminate without value. The successor owner should
   consult with a tax adviser before choosing to use the "5-year rule." The GWB
   benefit base may be adversely affected if the successor owner makes any
   withdrawals that cause a GWB Excess withdrawal. Also, when the contract
   terminates at the end of 5 years, any remaining GWB benefit base would be
   lost. If you elect Principal Protector(SM), the successor owner has the
   option to terminate the benefit and charge upon receipt by us of due proof of
   death and notice to discontinue the benefit; otherwise, the benefit and
   charge will automatically continue.

o  The successor owner may instead elect to receive the cash value as a life
   annuity (or payments for a period certain of not longer than the successor
   owner's life expectancy). Payments must begin within one year after the
   non-annuitant owner's death. Unless this alternative is elected, we will pay
   any cash value five years after your death (or the death of the first owner
   to die).

o  A successor owner should consider naming a new beneficiary.

If the surviving spouse is the successor owner or joint owner, the spouse may
elect to continue the contract. No distributions are required as long as the
surviving spouse and annuitant are living. An eligible successor owner,
including a surviving joint owner after the first owner dies, may elect the
beneficiary continuation option for NQ contracts discussed in "Beneficiary
continuation option" below.

HOW DEATH BENEFIT PAYMENT IS MADE


We will pay the death benefit to the beneficiary in the form of the annuity
payout option you have chosen. If you have not chosen an annuity payout option
as of the time of the annuitant's death, the beneficiary will receive the death
benefit in a single sum. Payment of the death benefit in a lump sum terminates
all rights and any applicable guarantees under the contract, including
Guaranteed minimum income benefit, GPB Options 1 and 2, and Principal
Protector(SM). However, subject to any exceptions in the contract, our rules and
any applicable requirements under federal income tax rules, the beneficiary may
elect to apply the death benefit to one or more annuity payout options we offer
at the time.


SUCCESSOR OWNER AND ANNUITANT

If you are both the contract owner and the annuitant, and your spouse is the
sole primary beneficiary or the joint owner, then your spouse may elect to
receive the death benefit or continue the contract as successor
owner/annuitant. The successor owner/annuitant must be 85 or younger as of the
date of the non-surviving spouse's death.


If your surviving spouse decides to continue the contract, then as of the date
we receive satisfactory proof of your death, any required instructions,
information and forms necessary to effect the Successor owner/annuitant
feature, we will increase the account value to equal your elected guaranteed
minimum death benefit as of the date of your death if such death benefit is
greater than such account value, plus any amount applicable under the
Protection Plus(SM) feature and adjusted for any subsequent withdrawals. The
increase in the account value will be allocated to the investment options
according to the allocation percentages we have on file for your contract.
Thereafter, withdrawal charges will no longer apply to contributions made
before your death. Withdrawal charges will apply if additional contributions
are made. These additional contributions will be considered to be withdrawn
only after all other amounts have been withdrawn. In determining whether your
applicable Guaranteed minimum death benefit option will continue to grow, we
will use your surviving spouse's age as of the date we receive satisfactory
proof of your death, any required instructions and the information and forms
necessary to effect the successor owner/annuitant feature.


We will determine whether your applicable Guaranteed minimum death benefit
option will continue as follows:

o  If the successor owner/annuitant is age 75 or younger on the date of the
   original owner/annuitant's death, and the original owner/ annuitant was age
   84 or younger at death, the Guaranteed minimum death benefit continues based
   upon the option that was elected by the original owner/annuitant and will
   continue to grow according to its terms until the contract date anniversary
   following the date the successor owner/annuitant reaches age 85.

o  If the successor owner/annuitant is age 75 or younger on the date of the
   original owner/annuitant's death, and the original owner/ annuitant was age
   85 or older at death, we will reinstate the Guaranteed minimum death benefit
   that was elected by the original owner/annuitant. The benefit will continue
   to grow according to its terms until the contract date anniversary following
   the date the successor owner/annuitant reaches age 85.

o  If the successor owner/annuitant is age 76 or over on the date of the
   original owner/annuitant's death, the Guaranteed minimum death benefit will
   no longer grow, and we will no longer charge for the benefit.

If you elect Principal Protector(SM), the benefit and charge will remain in
effect. If the GWB benefit base is zero at the time of your death, and the
charge had been suspended, the charge will be reinstated if any of the events,
described in "Principal Protector(SM) charge" in "Charges and expenses" earlier
in this Prospectus, occur. The GWB benefit base will not automatically be
stepped up to equal the account value, if higher, upon your death. Your spouse
must wait five complete years from the prior step up or from contract issue,
whichever is later, in order to be eligible for the Optional step up. For more
information, see "Principal Protector(SM)" in "Contract features and benefits"
earlier in this Prospectus.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

66  Payment of death benefit



For information on the operation of successor owner/annuitant feature with the
Guaranteed minimum income benefit, see "Exercise of Guaranteed minimum income
benefit" under "Guaranteed minimum income benefit option" in "Contract features
and benefits" earlier in this Prospectus. For information on the operation of
this feature with Protection Plus(SM), see "Protection Plus(SM)" in "Guaranteed
minimum death benefit" under "Contract features and benefits," earlier in this
Prospectus.

SPOUSAL PROTECTION

SPOUSAL PROTECTION OPTION FOR NQ CONTRACTS ONLY. This feature permits spouses
who are joint contract owners to increase the account value to equal the
guaranteed minimum death benefit, if higher, and by the value of any Protection
Plus(SM) benefit, if elected, upon the death of either spouse. This account
value "step up" occurs even if the surviving spouse was the named annuitant. If
you and your spouse jointly own the contract and one of you is the named
annuitant, you may elect the Spousal protection option at the time you purchase
your contract at no additional charge. Both spouses must be between the ages of
20 and 70 at the time the contract is issued and must each be named the primary
beneficiary in the event of the other's death.

The annuitant's age is generally used for the purpose of determining contract
benefits. However, for the Annual Ratchet to age 85 and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 guaranteed minimum death benefits
and the Protection Plus(SM) benefit, the benefit is based on the older spouse's
age. The older spouse may or may not be the annuitant. However, for purposes of
the Guaranteed minimum death benefit/guaranteed minimum income benefit roll-up
benefit base reset option, the last age at which the benefit base may be reset
is based on the annuitant's age, not the older spouse's age.

If the annuitant dies prior to annuitization, the surviving spouse may elect to
receive the death benefit, including the value of the Protection Plus(SM)
benefit, or if eligible, continue the contract as the sole owner/  annuitant by
electing the successor owner/annuitant option. If the non-annuitant spouse dies
prior to annuitization, the surviving spouse continues the contract
automatically as the sole owner/annuitant. In either case, the contract would
continue, as follows:

o  As of the date we receive due proof of the spouse's death, the account value
   will be reset to equal the Guaranteed minimum death benefit as of the date of
   the non-surviving spouse's death, if higher, increased by the value of the
   Protection Plus(SM) benefit.

o  The Guaranteed minimum death benefit continues to be based on the older
   spouse's age for the life of the contract, even if the younger spouse is
   originally or becomes the sole owner/annuitant.

o  The Protection Plus(SM) benefit will now be based on the surviving spouse's
   age at the date of the non-surviving spouse's death for the remainder of the
   life of the contract. If the benefit had been previously frozen because the
   older spouse had attained age 80, it will be reinstated if the surviving
   spouse is age 75 or younger. The benefit is then frozen on the contract date
   anniversary after the surviving spouse reaches age 80. If the surviving
   spouse is age 76 or older, the benefit will be discontinued even if the
   surviving spouse is the older spouse (upon whose age the benefit was
   originally based).

o  The Guaranteed minimum income benefit may continue if the benefit had not
   already terminated and the benefit will be based on the successor
   owner/annuitant, if applicable. See "Guaranteed minimum income benefit" in
   "Contract features and benefits" earlier in this Prospectus.

o  If the annuitant dies first, withdrawal charges will no longer apply to any
   contributions made prior to the annuitant's death. If the non-annuitant
   spouse dies first, the withdrawal charge schedule remains in effect with
   regard to all contributions.

o  If you elect Principal Protector(SM), the benefit and charge will remain in
   effect. If the GWB benefit base is zero at the time of your death, and the
   charge had been suspended, the charge will be reinstated if any of the
   events, described in "Principal Protector(SM) charge" in "Charges and
   expenses" earlier in this Prospectus, occur. The GWB benefit base will not
   automatically be stepped up to equal the account value, if higher, upon your
   death. Your spouse must wait five complete years from the prior step up or
   from contract issue, whichever is later, in order to be eligible for the
   Optional step up. For more information, see "Principal Protector(SM)" in
   "Contract features and benefits" earlier in this Prospectus.

We will not allow Spousal protection to be added after contract issue. If there
is a change in owner or primary beneficiary, the Spousal protection benefit
will be terminated. If you divorce, but do not change the owner or primary
beneficiary, Spousal protection continues.


If you are an existing contract owner, this feature may not be available to
you. See Appendix IX later in this Prospectus for more information about your
contract.


BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VIII later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Protection Plus(SM) feature, adjusted for any
subsequent withdrawals.

                                                    Payment of death benefit  67



Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, GPB Option 2 or Principal Protector(SM) (in certain
   circumstances) under the contract, they will no longer be in effect and
   charges for such benefits will stop. Also, any Guaranteed minimum death
   benefit feature will no longer be in effect. See below for certain
   circumstances where Principal Protector(SM) may continue to apply.

o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum distributions based on
   the remaining life expectancy of the deceased beneficiary or to receive any
   remaining interest in the contract in a lump sum. The option elected will be
   processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment.

o  If you had elected Principal Protector(SM), your spousal beneficiary may not
   continue Principal Protector(SM), and the benefit will terminate without
   value, even if the GWB benefit base is greater than zero. In general, spousal
   beneficiaries who wish to continue Principal Protector(SM) should consider
   continuing the contract under the Successor owner and annuitant feature, if
   eligible. In general, eligibility requires that your spouse must be the sole
   primary beneficiary. Please see "Successor owner and annuitant" in "How death
   benefit payment is made" under "Payment of death benefit" earlier in this
   Prospectus for further details. If there are multiple beneficiaries who elect
   the Beneficiary continuation option, the spousal beneficiary may continue the
   contract without Principal Protector(SM) and non-spousal beneficiaries may
   continue with Principal Protector(SM). In this case, the spouse's portion of
   the GWB benefit base will terminate without value.

o  If you had elected Principal Protector(SM), your non-spousal beneficiary may
   continue the benefit, as follows:

   o  The beneficiary was 75 or younger on the original contract date.

   o  The benefit and charge will remain in effect unless your benefi ciary
      tells us to terminate the benefit at the time of the Beneficiary
      continuation option election.

   o  One time step up: Upon your death, if your account value is greater than
      the GWB benefit base, the GWB benefit base will be automatically stepped
      up to equal the account value, at no additional charge. If Principal
      Protector(SM) is not in effect at the time of your death because the GWB
      benefit base is zero, the beneficiary may reinstate the benefit (at the
      charge that was last in effect) with the one time step up. If the
      beneficiary chooses not to reinstate the Principal Protector(SM) at the
      time the Beneficiary continuation option is elected, Principal
      Protector(SM) will terminate.

   o  If there are multiple beneficiaries each beneficiary's interest in the GWB
      benefit base will be separately accounted for.

   o  As long as the GWB benefit base is $5,000 or greater, the ben eficiary may
      elect the Beneficiary continuation option and continue Principal
      Protector(SM) even if the account value is less than $5,000.

   o  If scheduled payments are elected, the beneficiary's scheduled payments
      will be calculated, using the greater of the account value or the GWB
      benefit base, as of each December 31. If the beneficiary dies prior to
      receiving all payments, we will make the remaining payments to the person
      designated by the deceased non-spousal beneficiary, unless that person
      elects to take any remaining account value in a lump sum, in which case
      any remaining GWB benefit base will terminate without value.

   o  If the "5-year rule" is elected and the beneficiary dies prior to the end
      of the fifth year, we will pay any remaining account value in a lump sum
      and the contract and any remaining GWB benefit base will terminate without
      value.

   o  Provided no other withdrawals are taken during a contract year while the
      beneficiary receives scheduled payments, the scheduled payments will not
      cause a GWB Excess withdrawal, even if

68  Payment of death benefit



      they exceed the GWB Annual withdrawal amount. If the beneficiary takes
      any other withdrawals while the Beneficiary continuation option scheduled
      payments are in effect, the GWB Excess withdrawal exception terminates
      permanently. In order to take advantage of this exception, the
      beneficiary must elect the scheduled payments rather than the "5-year
      rule." If the beneficiary elects the "5-year rule," there is no
      exception.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. If the owner and annuitant are different and the owner
dies before the annuitant, for purposes of this discussion, "beneficiary"
refers to the successor owner. For a discussion of successor owner, see "When
an NQ contract owner dies before the annuitant" earlier in this section. This
feature must be elected within 9 months following the date of your death and
before any inconsistent election is made. Beneficiaries who do not make a
timely election will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts (regardless of
whether the owner and the annuitant are the same person):

o  This feature is only available if the beneficiary is an individual. It is not
   available for any entity such as a trust, even if all of the beneficiaries of
   the trust are individuals.

o  The contract continues in your name for the benefit of your beneficiary.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the respective
   beneficiary's own life expectancy, if scheduled payments are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, GPB Option 2 or Principal Protector(SM) (in certain
   circumstances) under the contract, they will no longer be in effect and
   charges for such benefits will stop. Also, any Guaranteed minimum death
   benefit feature will no longer be in effect. See below for certain
   circumstances where Principal Protector(SM) may continue to apply.

o  If the beneficiary chooses the "5-year rule," withdrawals may be made at any
   time. If the beneficiary instead chooses scheduled payments, the beneficiary
   must also choose between two potential withdrawal options at the time of
   election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
   cannot later withdraw funds in addition to the scheduled payments the
   beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
   "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
   addition to scheduled payments, at any time. However, the scheduled payments
   under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
   payments." See "Taxation of nonqualified annuities" in "Tax information"
   later in this Prospectus.

o  Any partial withdrawals must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract on the beneficiary's death.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking scheduled payments based on the
   remaining life expectancy of the deceased beneficiary (if scheduled payments
   were chosen) or to receive any remaining interest in the contract in a lump
   sum. We will pay any remaining interest in the contract in a lump sum if your
   beneficiary elects the 5-year rule. The option elected will be processed when
   we receive satisfactory proof of death, any required instructions for the
   method of payment and any required information and forms necessary to effect
   payment.

o  If you had elected Principal Protector(SM), your spousal beneficiary may not
   continue Principal Protector(SM), and the benefit will terminate without
   value, even if the GWB benefit base is greater than zero. In general, spousal
   beneficiaries who wish to continue Principal Protector(SM) should consider
   continuing the contract under the Successor owner and annuitant feature, if
   eligible. In general, eligibility requires that you must be the owner and
   annuitant and your spouse must be the sole primary beneficiary. Please see
   "Successor owner and annuitant" in "How death benefit payment is made" under
   "Payment of death benefit" earlier in this Prospectus for further details. If
   there are multiple beneficiaries who elect the Beneficiary continuation
   option, the spousal beneficiary may continue the contract without Principal
   Protector(SM) and non-spousal beneficiaries may continue with Principal
   Protector(SM). In this case, the spouse's portion of the GWB benefit base
   will terminate without value.

o  If the non-spousal beneficiary chooses scheduled payments under "Withdrawal
   Option 1," as discussed above in this section, Principal Protector(SM) may
   not be continued and will automatically terminate without value even if the
   GWB benefit base is greater than zero.

o  If you had elected Principal Protector(SM), your non-spousal beneficiary may
   continue the benefit, as follows:

   o  The beneficiary was 75 or younger on the original contract date.

   o  The benefit and charge will remain in effect unless your benefi ciary
      tells us to terminate the benefit at the time of the Beneficiary
      continuation option election.

   o  One time step up: Upon your death, if your account value is greater than
      the GWB benefit base, the GWB benefit base will be automatically stepped
      up to equal the account value, at no

                                                    Payment of death benefit  69



      additional charge. If Principal Protector(SM) is not in effect at the time
      of your death because the GWB benefit base is zero, the beneficiary may
      reinstate the benefit (at the charge that was last in effect) with the
      one time step up. If the beneficiary chooses not to reinstate the
      Principal Protector(SM) at the time the Beneficiary continuation option is
      elected, Principal Protector(SM) will terminate.

   o  If there are multiple beneficiaries, each beneficiary's interest in the
      GWB benefit base will be separately accounted for.

   o  As long as the GWB benefit base is $5,000 or greater, the ben eficiary may
      elect the Beneficiary continuation option and continue Principal
      Protector(SM) even if the account value is less than $5,000.

   o  If scheduled payments under "Withdrawal Option 2" is elected, the
      beneficiary's scheduled payments will be calculated, using the greater of
      the account value or the GWB benefit base, as of each December 31. If the
      beneficiary dies prior to receiving all payments, we will make the
      remaining payments to the person designated by the deceased non-spousal
      beneficiary, unless that person elects to take any remaining account value
      in a lump sum, in which case any remaining GWB benefit base will terminate
      without value.

   o  If the "5-year rule" is elected and the beneficiary dies prior to the end
      of the fifth year, we will pay any remaining account value in a lump sum
      and the contract and any remaining GWB benefit base will terminate without
      value.

   o  Provided no other withdrawals are taken during a contract year while the
      beneficiary receives scheduled payments, the scheduled payments will not
      cause a GWB Excess withdrawal, even if they exceed the GWB Annual
      withdrawal amount. If the beneficiary takes any other withdrawals while
      the Beneficiary continuation option scheduled payments are in effect, the
      GWB Excess withdrawal exception terminates permanently. In order to take
      advantage of this exception, the beneficiary must elect the scheduled
      payments under "Withdrawal Option 2" rather than the "5-year rule." If the
      beneficiary elects the "5-year rule," there is no exception.

If you are both the owner and annuitant:

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the beneficiary
   continuation option feature, we will increase the annuity account value to
   equal the applicable death benefit if such death benefit is greater than such
   account value, plus any amount applicable under the Protection Plus(SM)
   feature, adjusted for any subsequent withdrawals.

o  No withdrawal charges, if any, will apply to any withdrawals by the
   beneficiary.

If the owner and annuitant are not the same person:

o  If the beneficiary continuation option is elected, the beneficiary
   automatically becomes the new annuitant of the contract, replacing the
   existing annuitant.

o  The annuity account value will not be reset to the death benefit amount.

o  The contract's withdrawal charge schedule will continue to be applied to any
   withdrawal or surrender other than scheduled payments; the contract's free
   corridor amount will continue to apply to withdrawals but does not apply to
   surrenders.

o  We do not impose a withdrawal charge on scheduled payments except if, when
   added to any withdrawals previously taken in the same contract year,
   including for this purpose a contract surrender, the total amount of
   withdrawals and scheduled payments exceed the free corridor amount. See the
   "Withdrawal charges" in "Charges and expenses" earlier in this Prospectus.

If a contract is jointly owned:

o  The surviving owner supersedes any other named beneficiary and may elect the
   beneficiary continuation option.

o  If the deceased joint owner was also the annuitant, see "If you are both the
   owner and annuitant" earlier in this section.

o  If the deceased joint owner was not the annuitant, see "If the owner and
   annuitant are not the same person" earlier in this section.

70  Payment of death benefit



7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Elite(SM) contracts owned by United
States individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth Conversion IRA, QP or TSA.
Therefore, we discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.


BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code Section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator(R) Elite(SM)'s Guaranteed minimum
income benefit, the Principal Protector(SM) benefit, dollar cost averaging,
choice of death benefits, selection of variable investment options, guaranteed
interest option, fixed maturity options and its choices of payout options, as
well as the features and benefits of other permissible funding vehicles and the
relative costs of annuities and other arrangements. You should be aware that
cost may vary depending on the features and benefits made available and the
charges and expenses of the investment options or funds that you elect.

Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to, the
guaranteed minimum income benefit and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract. See also Appendix II at the end of this Prospectus for a discussion
of QP contracts.


TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust, or other non-natural person). This provision does not apply to a trust
   which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

                                                             Tax information  71



ANNUITY PAYMENTS

Once annuity payments begin, a portion of each payment is taxable as ordinary
income. You get back the remaining portion without paying taxes on it. This is
your "investment in the contract." Generally, your investment in the contract
equals the contributions you made, less any amounts you previously withdrew
that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.

PROTECTION PLUS(SM) FEATURE

In order to enhance the amount of the death benefit to be paid at the
Annuitant's death, you may purchase a Protection Plus(SM) rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which should have no adverse tax effect, it is possible that the IRS could take
a contrary position or assert that the Protection Plus(SM) rider is not part of
the contract. In such a case, the charges for the Protection Plus(SM) rider
could be treated for federal income tax purposes as a partial withdrawal from
the contract. If this were so, such a deemed withdrawal could be taxable, and
for contract owners under age 59-1/2, also subject to a tax penalty. Were the
IRS to take this position, AXA Equitable would take all reasonable steps to
attempt to avoid this result, which could include amending the contract (with
appropriate notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  the contract that is the source of the funds you are using to purchase the NQ
   contract is another nonqualified deferred annuity contract (or life insurance
   or endowment contract).

o  The owner and the annuitant are the same under the source contract and the
   Accumulator(R) Elite(SM) NQ contract. If you are using a life insurance or
   endowment contract the owner and the insured must be the same on both sides
   of the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Elite(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between carriers, and provision of cost basis information may be required to
process this type of an exchange.


Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


Beneficiary continuation option

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for NQ contracts. See the discussion "Beneficiary continuation option for NQ
Contracts only" in "Payment of death benefit" earlier in this Prospectus. Among
other things, the IRS rules that:

o  scheduled payments under the beneficiary continuation option for NQ contracts
   satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
   of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
   2;"

o  scheduled payments, any additional withdrawals under "Withdrawal Option 2,"
   or contract surrenders under "Withdrawal Option 1" will only be taxable to
   the beneficiary when amounts are actually paid, regardless of the Withdrawal
   Option selected by the beneficiary;

o  a beneficiary who irrevocably elects scheduled payments with "Withdrawal
   Option 1" will receive "excludable amount" tax treatment on scheduled
   payments. See "Annuity payments" earlier in this section. If the beneficiary
   elects to surrender the contract before all scheduled payments are paid, the
   amount received upon surrender is a non-annuity payment taxable to the extent
   it exceeds any remaining investment in the contract.

The ruling does not specifically address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken). The ruling also does not address the
effect of the retention of the Principal Protector(SM) feature discussed earlier
in this Prospectus under "Contract features and benefits," which a non-spousal
beneficiary may elect under certain conditions. Before electing the beneficiary
continuation

72  Tax information



option feature, the individuals you designate as beneficiary or successor owner
should discuss with their tax advisers the consequences of such elections.

The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas.

INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Accounts 45 and 49. If
you were treated as the owner, you would be taxable on income and gains
attributable to the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Accounts 45 and 49. The IRS has said that the owners of variable annuities will
not be treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Accounts 45 and 49, there are some
issues that remain unclear. For example, the IRS has not issued any guidance as
to whether having a larger number of portfolios available, or an unlimited
right to transfer among them, could cause you to be treated as the owner. We do
not know whether the IRS will ever provide such guidance or whether such
guidance, if unfavorable, would apply retroactively to your contract.
Furthermore, the IRS could reverse its current guidance at any time. We reserve
the right to modify your contract as necessary to prevent you from being
treated as the owner of the assets of Separate Accounts 45 and 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets for the benefit of the IRA owner. The assets funding the account
typically include mutual funds and/or individual stocks and/or securities in a
custodial account and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).


AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA ("Rollover IRA") or Roth IRA ("Roth
Conversion IRA"). We also offer the Inherited IRA for payment of post-death
required minimum distributions from traditional IRAs and Roth IRAs. This
Prospectus contains the information that the IRS requires you to have before
you purchase an IRA. The first section covers some of the special tax rules
that apply to traditional IRAs. The next section covers Roth IRAs. The
disclosure generally assumes direct ownership of the individual retirement
annuity contract. For contracts owned in a custodial individual retirement
account, the disclosure will apply only if you terminate your account or
transfer ownership of the contract to yourself.

We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).


                                                             Tax information  73




For some of the contracts covered by this Prospectus, we have received an
opinion letter from the IRS approving the respective forms of the
Accumulator(R) Elite(SM) traditional and Roth IRA contracts for use as a
traditional IRA and a Roth IRA, respectively. For others, we have not applied
for an opinion letter from the IRS to approve the respective forms of the
Accumulator(R) Elite(SM) traditional and Roth IRA contracts for use as a
traditional and Roth IRA, respectively. We have submitted the respective forms
of the Accumulator(R) Elite(SM) Inherited IRA beneficiary continuation contract
to the IRS for approval as to form for use as a traditional IRA or Roth IRA,
respectively. We do not know if and when any such approval may be granted. This
IRS approval is a determination only as to the form of the annuity. It does not
represent a determination of the merits of the annuity as an investment. The
contracts submitted for IRS approval do not include every feature possibly
available under any series of Accumulator(R) Elite(SM) traditional and Roth IRA
contracts.


PROTECTION PLUS(SM) FEATURE

The Protection Plus(SM) feature is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Protection Plus(SM) feature qualifies as to form for use
as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) Elite(SM) traditional and Roth IRA contracts. You should
discuss with your tax adviser whether you should consider purchasing an
Accumulator(R) Elite(SM) IRA or Accumulator(R) Elite(SM) Roth IRA with the
optional Protection Plus(SM) feature.

Your right to cancel within a certain number of days

You can cancel any version of the Accumulator(R) Elite(SM) IRA contract
(traditional IRA or Roth IRA) by following the directions in "Your right to
cancel with in a certain number of days" under "Contract features and benefits"
earlier in this Prospectus. If you cancel a traditional IRA or Roth IRA
contract, we may have to withhold tax, and we must report the transaction to
the IRS. A contract cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Contributions to traditional IRAs.  Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:

o  "regular" contributions out of earned income or compensation; or

o  tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers")

Regular contributions to traditional IRAs


Limits on contributions.  The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007.

Special rules for spouses.  If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. Catch-up contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.


Deductibility of contributions.  The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored retirement plan, as defined under special
federal income tax rules. Your Form W-2 will indicate whether or not you are
covered by such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions." That is, for 2007 your fully deductible contribution
can be up to $4,000 ($5,000 for 2008), or if less, your earned income. The
dollar limit is $5,000 for people eligible to make age 50-70-1/2 catch-up
contributions for 2007 ($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

74  Tax information



If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000 (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $75,000 and $85,000 in 2006. In 2007,
the deduction will phase out for AGI between $80,000 and $100,000. For 2007,
AGI between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)


To determine the deductible amount of the contribution for 2006, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:


($10,000-excess AGI)     times    the maximum    Equals   the adjusted
- --------------------       x        regular        =       deductible
 divided by $10,000               contribution            contribution
                                  for the year               limit

Additional "Saver's Credit" for contributions to a traditional
IRA or Roth IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax
return, and your adjusted gross income cannot exceed $50,000 ($52,000 after
cost of living indexing beginning in 2007). The amount of the tax credit you
can get varies from 10% of your contribution to 50% of your contribution, and
depends on your income tax filing status and your adjusted gross income. The
maximum annual contribution eligible for the saver's credit is $2,000. If you
and your spouse file a joint return, and each of you qualifies, each is
eligible for a maximum annual contribution of $2,000. Your saver's credit may
also be reduced if you take or have taken a taxable distribution from any plan
eligible for a saver's credit contribution -- even if you make a contribution
to one plan and take the distribution from another plan -- during the "testing
period." The "testing period" begins two years before the year for which you
make the contribution and ends when your tax return is due for the year for
which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

When you can make regular contributions.  If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custo dial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

                                                             Tax information  75



Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a nonspousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o  Do it yourself:
   You actually receive a distribution that can be rolled over and you roll it
   over to a traditional IRA within 60 days after the date you receive the
   funds. The distribution from your eligible retirement plan will be net of 20%
   mandatory federal income tax withholding. If you want, you can replace the
   withheld funds yourself and roll over the full amount.

o  Direct rollover:
   You tell the trustee or custodian of the eligible retirement plan to send the
   distribution directly to your traditional IRA issuer. Direct rollovers are
   not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o  "required minimum distributions" after age 70-1/2 or retirement from service
   with the employer; or

o  substantially equal periodic payments made at least annually for your life
   (or life expectancy) or the joint lives (or joint life expectancies) of you
   and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  death benefit payments to a beneficiary who is not your surviving spouse; or

o  qualified domestic relations order distributions to a beneficiary who is not
   your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement
plans other than traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a nonspousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court ordered divorce or separation decree.


Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o  regular contributions of more than the maximum regular contri bution amount
   for the applicable taxable year); or

o  regular contributions to a traditional IRA made after you reach age 70-1/2;
   or

o  rollover contributions of amounts which are not eligible to be rolled over,
   for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10%

76  Tax information



additional penalty tax on early distributions, discussed later in this section
under "Early distribution penalty tax." You do have to withdraw any earnings
that are attributed to the excess contribution. The withdrawn earnings would be
included in your gross income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1)   the rollover was from an eligible retirement plan to a traditional IRA;

(2)   the excess contribution was due to incorrect information that the plan
      provided; and

(3)   you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments.  Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible
traditional IRA contributions (less any amounts previously withdrawn tax free)
to the total account balances of all traditional IRAs you own at the end of the
year plus all traditional IRA distributions made during the year. Multiply this
by all distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o  the amount received is a withdrawal of excess contributions, as described
   under "Excess contributions" earlier in this section; or

o  the entire amount received is rolled over to another traditional IRA or other
   eligible retirement plan which agrees to accept the funds. (See "Rollovers
   from eligible retirement plans other than traditional IRAs" under "Rollover
   and transfer contributions to traditional IRAs" earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.

Required minimum distributions


BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS

Distributions must be made from traditional IRAs according to rules contained
in the Code and Treasury Regulations. Beginning in 2006, certain provisions of
the Treasury Regulations require that the actuarial present value of additional
annuity contract benefits must be added to the dollar amount credited for
purposes of calculating certain types of required minimum distributions from
individual retirement annuity contracts. For this purpose additional annuity
contract benefits may include, but are not limited to, guaranteed minimum
income benefits and enhanced death benefits. This could increase the amount
required to be distributed from these contracts if you take annual withdrawals
instead of annuitizing, Please consult your tax adviser concerning
applicability of these complex rules to your situation.

                                                             Tax information  77



Lifetime required minimum distributions.  You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution.  The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that
year--the delayed one for the first year and the one actually for that year.
Once minimum distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans?  No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose?  We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year?  The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year?  Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die?  These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary.  Regardless of whether your death occurs before or
after your Required Beginning Date, an individual death beneficiary calculates
annual post-death required minimum distribution payments based on the
beneficiary's life expectancy using the "term certain method." That is, he or
she determines his or her life expectancy using the IRS-provided life
expectancy tables as of the calendar year after the owner's death and reduces
that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

Spousal beneficiary.  If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over

78  Tax information



your spouse's single life expectancy. Any amounts distributed after that
surviving spouse's death are made over the spouse's life expectancy calculated
in the year of his/her death, reduced by one for each subsequent year. In some
circumstances, your surviving spouse may elect to become the owner of the
traditional IRA and halt distributions until he or she reaches age 70-1/2, or
roll over amounts from your traditional IRA into his/her own traditional IRA or
other eligible retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary.  If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Successor owner and annuitant

If your spouse is the sole primary beneficiary and elects to become the
successor owner and annuitant, no death benefit is payable until your surviving
spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  used to pay certain extraordinary medical expenses (special fed eral income
   tax definition); or

o  used to pay medical insurance premiums for unemployed indi viduals (special
   federal income tax definition); or

o  used to pay certain first-time home buyer expenses (special fed eral income
   tax definition; $10,000 lifetime total limit for these distributions from all
   your traditional and Roth IRAs); or

o  used to pay certain higher education expenses (special federal income tax
   definition); or

o  in the form of substantially equal periodic payments made at least annually
   over your life (or your life expectancy) or over the joint lives of you and
   your beneficiary (or your joint life expectancies using an IRS-approved
   distribution method.


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially
equal withdrawals and Income Manager(SM) payments are not subject to the 10%
penalty tax, they are taxable as discussed in "Withdrawals, payments and
transfers of funds out of traditional IRAs" above. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under this option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.


Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Elite(SM) Roth Conversion IRA contract is designed to qualify
as a Roth individual retirement annuity under Sections 408A(b) and 408(b) of
the Internal Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o  regular after-tax contributions out of earnings; or

o  taxable rollover contributions from traditional IRAs ("conversion"
   contributions); or

                                                             Tax information  79



   tax-free rollover contributions from other Roth arrangements; or o

o  tax-free direct custodian-to-custodian transfers from other Roth IRAs
   ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in
this section. If you use the forms we require, we will also accept traditional
IRA funds which are subsequently recharacterized as Roth IRA funds following
special federal income tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Regular contributions to Roth IRAs

Limits on regular contributions.  The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for each of the taxable years 2006
and 2007. This limit does not apply to rollover contributions or direct
custodian-to-custodian transfers into a Roth IRA. Any contributions to Roth
IRAs reduce your ability to contribute to traditional IRAs and vice versa. When
your earnings are below $4,000, your earned income or compensation for the
years is the most you can contribute. If you are married and file a joint
income tax return, you and your spouse may combine your compensation to
determine the amount of regular contributions you are permitted to make to Roth
IRAs and traditional IRAs. See the discussion earlier in this section under
traditional IRAs.


If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):

o  your federal income tax filing status is "married filing jointly" and
   your modified adjusted gross income is over $160,000 (for 2007 $166,000
   after adjustment); or

o  your federal income tax filing status is "single" and your modified adjusted
   gross income is over $110,000 (for 2007, $114,000 after adjustment).

However, you can make regular Roth IRA contributions in reduced amounts when:

o  your federal income tax filing status is "married filing jointly" and your
   modified adjusted gross income is between $150,000 and $160,000 (for 2007,
   between $156,000 and $166,000 after adjustment); or

o  your federal income tax filing status is "single" and your modified adjusted
   gross income is between $95,000 and $110,000 (for 2007, between $99,000 and
   $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions.  Same as traditional IRAs.

Deductibility of contributions.  Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o  another Roth IRA ("tax-free rollover contribution");

o  from a "designated Roth contribution account" under a 401(k) plan or a 403(b)
   arrangement;

o  another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
   rollover limitation period for SIMPLE IRA funds), in a taxable conversion
   rollover ("conversion contribution");


o  you may not make contributions to a Roth IRA from a qualified plan under
   section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
   the Internal Revenue Code or any other eligible retirement plan until 2008.
   You may make rollover contributions from a "designated Roth contribution
   account" under a 401(k) plan or a 403(b) arrangement which permits designated
   Roth elective deferral contributions to be made, beginning in 2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a

80  Tax information



year. Also, if you send us the rollover contribution to apply it to a Roth IRA,
you must do so within 60 days after you receive the proceeds from the original
IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.


The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."


You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize.  To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

                                                             Tax information  81



Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o  rollovers from a Roth IRA to another Roth IRA;

o  direct transfers from a Roth IRA to another Roth IRA;

o  qualified distributions from a Roth IRA; and

o  return of excess contributions or amounts recharacterized to a traditional
   IRA.

Qualified distributions from Roth IRAs.  Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o  you are age 59-1/2 or older; or

o  you die; or

o  you become disabled (special federal income tax definition); or

o  your distribution is a "qualified first-time homebuyer distribution" (special
   federal income tax definition; $10,000 lifetime total limit for these
   distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs.  Nonqualified distributions from
Roth IRAs are distributions that do not meet both the qualifying event and
five-year aging period tests described above. If you receive such a
distribution, part of it may be taxable. For purposes of determining the
correct tax treatment of distributions (other than the withdrawal of excess
contributions and the earnings on them), there is a set order in which
contributions (including conversion contributions) and earnings are considered
to be distributed from your Roth IRA. The order of distributions is as follows:

(1)   Regular contributions.

(2)   Conversion contributions, on a first-in-first-out basis (generally, total
      conversions from the earliest year first). These conversion contributions
      are taken into account as follows:

      (a)   Taxable portion (the amount required to be included in gross income
            because of conversion) first, and then the

      (b)   Nontaxable portion.

(3)   Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1)   All distributions made during the year from all Roth IRAs you maintain --
      with any custodian or issuer -- are added together.

(2)   All regular contributions made during and for the year (contribu tions
      made after the close of the year, but before the due date of your return)
      are added together. This total is added to the total undistributed regular
      contributions made in prior years.


(3)   All conversion contributions made during the year are added together. For
      purposes of the ordering rules, in the case of any conversion in which the
      conversion distribution is made in 2007 and the conversion contribution is
      made in 2008, the conversion contribution is treated as contributed prior
      to other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

82  Tax information



Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please contact your tax adviser concerning how these Proposed
Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

Protection Plus(SM) feature

The Protection Plus(SM) feature is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Protection
Plus(SM) benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Protection Plus
rider is not a permissible part of a TSA contract. If the IRS were to take the
position that the optional Protection Plus(SM) benefit is not part of the
contract, in such a case, the charges for the Protection Plus(SM) rider could be
treated for federal income tax purposes as a partial withdrawal from the
contract. If this were so, such a deemed withdrawal could affect the tax
qualification of the TSA and could be taxable. Were the IRS to take any adverse
position, Equitable would take all reasonable steps to attempt to avoid any
adverse result, which would include amending the contract (with appropriate
notice to you). You should discuss with your tax adviser whether you should
consider purchasing an Accumulator(R) Elite(SM) Rollover TSA contract with the
optional Protection Plus(SM) feature.

Contributions to TSAs

There are two ways you can make contributions to establish this Accumulator(R)
Elite(SM) Rollover TSA contract:

o  a full or partial direct transfer of assets ("direct transfer") from another
   contract or arrangement that meets the requirements of Section 403(b) of the
   Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o  a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R)
Elite(SM) TSA. We do not accept "designated Roth contributions" rolled over from
a 401(k) plan or a 403(b) arrangement or directly transferred from another
403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Elite(SM) Rollover TSA
contract does not accept employer-remitted contributions. However, we provide
the following discussion as part of our description of restrictions on the
distribution of funds directly transferred, which include employer-remitted
contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contributions as
"designated Roth contributions" to the 403(b) arrangement which are made on an
after-tax basis. However, a TSA can also be wholly or partially funded through
nonelective employer contributions or other after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal restrictions. Also, all amounts attributable to
investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

Rollover or direct transfer contributions.  Once you establish your Rollover
TSA with 403(b)-source funds, you may make subsequent rollover contributions to
your Rollover TSA contract from these sources: qualified plans, governmental
employer 457(b) plans and traditional IRAs, as well as other TSAs and 403(b)
arrangements. All rollover contributions must be pre-tax funds only with
appropriate documentation satisfactory to us.

                                                             Tax information  83



Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o  termination of employment with the employer who provided the funds for the
   plan; or

o  reaching age 59-1/2 even if you are still employed; or

o  disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o  you give us acceptable written documentation as to the source of the funds;
   and

o  the Accumulator(R) Elite(SM) contract receiving the funds has provi sions at
   least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Elite(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Elite(SM) TSA must be net of the
required minimum distribution for the tax year in which we issue the contract
if:

o  you are or will be at least age 70-1/2 in the current calendar year, and

o  you have retired from service with the employer who provided the funds to
   purchase the TSA you are transferring or rolling over to the Accumulator(R)
   Elite(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o  rollover by check of the proceeds from another TSA or eligible retirement
   plan; or

o  direct rollover from another TSA or eligible retirement plan; or

o  direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General.  Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

Withdrawal restrictions.  If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o  you are severed from employment with the employer who pro vided the funds to
   purchase the TSA you are transferring to the Accumulator(R) Elite(SM)
   Rollover TSA; or

o  you reach age 59-1/2; or

o  you die; or

o  you become disabled (special federal income tax definition); or

o  you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions.  Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

84  Tax information



Distributions before annuity payments begin.  On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity payments. If you elect an annuity payout option, you will recover any
investment in the contract as each payment is received by dividing the
investment in the contract by an expected return determined under an IRS table
prescribed for qualified annuities. The amount of each payment not excluded
from income under this exclusion ratio is fully taxable. The full amount of the
payments received after your investment in the contract is recovered is fully
taxable. If you (and your beneficiary under a joint and survivor annuity) die
before recovering the full investment in the contract, a deduction is allowed
on your (or your beneficiary's) final tax return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o  The amount of a loan to a participant, when combined with all other loans to
   the participant from all qualified plans of the employer, cannot exceed the
   lesser of:

(1)   the greater of $10,000 or 50% of the participant's nonforfeitable accrued
      benefits; and

(2)   $50,000 reduced by the excess (if any) of the highest outstand ing loan
      balance over the previous twelve months over the outstanding loan balance
      of plan loans on the date the loan was made.

o  In general, the term of the loan cannot exceed five years unless the loan is
   used to acquire the participant's primary residence. Accumulator(R) Elite(SM)
   Rollover TSA contracts have a term limit of 10 years for loans used to
   acquire the participant's primary residence.

o  All principal and interest must be amortized in substantially level payments
   over the term of the loan, with payments being made at least quarterly. In
   very limited circumstances, the repayment obligation may be temporarily
   suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o  the loan does not qualify under the conditions above;

o  the participant fails to repay the interest or principal when due; or

o  in some instances, the participant separates from service with the employer
   who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same employer, a defaulted loan which has not been
fully repaid is treated as still outstanding, even after the default is
reported to the IRS on Form 1099-R. The amount treated as still outstanding
(which limits subsequent loans) includes interest accruing on the unpaid
balance.


See Appendix VIII later in this Prospectus for any state rules that affect
loans from a Rollover TSA contract.

Tax-deferred rollovers and direct transfers. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.


You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non-spousal death beneficiary may also
be able to make rollover contributions to an individual retirement plan under
certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments

                                                             Tax information  85



for life or for a period of 10 years or more, hardship withdrawals and required
minimum distributions under federal income tax rules.


Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.


Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may be able to delay the start of required minimum
distributions for all or part of your account balance until after age 70-1/2, as
follows:

o  For TSA participants who have not retired from service with the employer who
   provided the funds for the TSA by the calendar year the participant turns age
   70-1/2, the required beginning date for minimum distributions is extended to
   April 1 following the calendar year of retirement.

o  TSA plan participants may also delay the start of required mini mum
   distributions to age 75 of the portion of their account value attributable to
   their December 31, 1986, TSA account balance, even if retired at age 70-1/2.
   We will know whether or not you qualify for this exception because it will
   only apply to people who establish their Accumulator(R) Elite(SM) Rollover
   TSA by direct Revenue Ruling 90-24 transfers. If you do not give us the
   amount of your December 31, 1986, account balance that is being transferred
   to the Accumulator(R) Elite(SM) Rollover TSA on the form used to establish
   the TSA, you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Elite(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell
us on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  to pay for certain extraordinary medical expenses (special federal income tax
   definition); or

o  in any form of payout after you have separated from service (only if the
   separation occurs during or after the calendar year you reach age 55); or

o  in a payout in the form of substantially equal periodic payments made at
   least annually over your life (or your life expectancy), or over the joint
   lives of you and your beneficiary (or your joint life expectancies) using an
   IRS-approved distribution method (only after you have separated from service
   at any age).

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o  We might have to withhold and/or report on amounts we pay under a free look
   or cancellation.

o  We are generally required to withhold on conversion rollovers of traditional
   IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
   and is taxable.

o  We are required to withhold on the gross amount of a distribution from a
   Roth IRA to the extent it is reasonable for us to believe that a distribution
   is includable in your gross income. This

86  Tax information



   may result in tax being withheld even though the Roth IRA distribution is
   ultimately not taxable. You can elect out of withholding as described
   below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However we may require additional documentation in the case of
payments made to non United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at anytime.


Federal income tax withholding on non-periodic annuity
payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan
distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o  any distributions which are required minimum distributions after age 70-1/2
   or retirement from service with the employer; or

o  substantially equal periodic payments made at least annually for your life
   (or life expectancy) or the joint lives (or joint life expectancies) of you
   and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  a death benefit payment to a beneficiary who is not your surviv ing spouse;
   or

o  a qualified domestic relations order distribution to a beneficiary who is not
   your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT ON TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

                                                             Tax information  87



8. More information

- --------------------------------------------------------------------------------

ABOUT OUR SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of the Separate Account's operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although Separate Account No. 49 is registered, the SEC does
not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)   to add variable investment options to, or to remove variable investment
      options from the Separate Account or to add other separate accounts;

(2)   to combine any two or more variable investment options;

(3)   to transfer the assets we determine to be the shares of the class of
      contracts to which the contracts belong from any variable investment
      option to another variable investment option;

(4)   to operate the Separate Account or any variable investment option as a
      management investment company under the Investment Company Act of 1940 (in
      which case, charges and expenses that otherwise would be assessed against
      an underlying mutual fund would be assessed against the Separate Account
      or a variable investment option directly);

(5)   to deregister the Separate Account under the Investment Company Act of
      1940;

(6)   to restrict or eliminate any voting rights as to the Separate Account;

(7)   to cause one or more variable investment options to invest some or all of
      their assets in one or more other trusts or investment companies; and

(8)   to unilaterally change your contract in order to comply with any
      applicable laws and regulations, including but not limited to changes in
      the Internal Revenue Code, in Treasury regulations or in published rulings
      of the Internal Revenue Service, ERISA and in Department of Labor
      regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in the respective SAIs which are available upon
request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:



- --------------------------------------------------------
  Fixed Maturity
  Options with
   February 15th         Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- --------------------------------------------------------
        2008              3.30%            $ 96.81
        2009              3.34%            $ 93.63
        2010              3.39%            $ 90.47
        2011              3.48%            $ 87.20
        2012              3.58%            $ 83.86
        2013              3.65%            $ 80.63
        2014              3.72%            $ 77.42
        2015              3.76%            $ 74.42
- --------------------------------------------------------


88  More information




- --------------------------------------------------------
  Fixed Maturity
  Options with
   February 15th         Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- --------------------------------------------------------
        2016               3.84%           $ 71.22
        2017               3.89%           $ 68.25
- --------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1)  We determine the market adjusted amount on the date of the withdrawal as
     follows:

     (a)  We determine the fixed maturity amount that would be payable on the
          maturity date, using the rate to maturity for the fixed maturity
          option.

     (b)  We determine the period remaining in your fixed maturity option (based
          on the withdrawal date) and convert it to fractional years based on a
          365-day year. For example, three years and 12 days becomes 3.0329.

     (c)  We determine the current rate to maturity for your FMO based on the
          rate for a new FMO issued on the same date and having the same
          maturity date as your FMO; if the same maturity date is not available
          for new FMOs, we determine a rate that is between the rates for new
          FMO maturities that immediately precede and immediately follow your
          FMOs maturity date.

     (d)  We determine the present value of the fixed maturity amount payable at
          the maturity date, using the period determined in (b) and the rate
          determined in (c).

(2)  We determine the fixed maturity amount as of the current date.

(3)  We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) above would
apply, we will use the rate at the next closest maturity date. If we are no
longer offering new fixed maturity options, the "current rate to maturity" will
be determined by using a widely published index. We reserve the right to add up
to 0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and the fixed
maturity options, as well as our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws.

                                                            More information  89



We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, QP, Inherited IRA Beneficiary Continuation
(traditional IRA or Roth IRA) or Rollover TSA contracts, nor is it available
with GPB Option 2. Please see Appendix VIII later in this Prospectus to see if
the automatic investment program is available in your state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o  If your contribution, transfer, or any other transaction request, containing
   all the required information, reaches us on a non-business day or after 4:00
   p.m. on a business day, we will use the next business day.

o  A loan request under your Rollover TSA contract will be processed on the
   first business day of the month following the date on which the properly
   completed loan request form is received.

o  If your transaction is set to occur on the same day of the month as the
   contract date and that date is the 29th, 30th or 31st of the month, then the
   transaction will occur on the 1st day of the next month.

o  When a charge is to be deducted on a contract date anniversary that is a
   non-business day, we will deduct the charge on the next business day.


o  If we have entered into an agreement with your broker-dealer for automated
   processing of contributions upon receipt of customer order, your contribution
   will be considered received at the time your broker-dealer receives your
   contribution and all information needed to process your application, along
   with any required documents, and transmits your order to us in accordance
   with our processing procedures. Such arrangements may apply to initial
   contributions, subsequent contributions, or both, and may be commenced or
   terminated at any time without prior notice. If required by law, the "closing
   time" for such orders will be earlier than 4:00 p.m., Eastern Time.


90  More information



CONTRIBUTIONS AND TRANSFERS


o  Contributions allocated to the variable investment options are invested at
   the unit value next determined after the receipt of the contribution.


o  Contributions allocated to the guaranteed interest option will receive the
   crediting rate in effect on that business day for the specified time period.

o  Contributions allocated to a fixed maturity option will receive the rate to
   maturity in effect for that fixed maturity option on that business day
   (unless a rate lock-in is applicable).

o  Initial contributions allocated to the account for special dollar cost
   averaging receive the interest rate in effect on that business day. At
   certain times, we may offer the opportunity to lock in the interest rate for
   an initial contribution to be received under Section 1035 exchanges and
   trustee to trustee transfers. Your financial professional can provide
   information, or you can call our processing office.


o  Transfers to or from variable investment options will be made at the unit
   value next determined after the receipt of the transfer request.


o  Transfers to a fixed maturity option will be based on the rate to maturity in
   effect for that fixed maturity option on the business day of the transfer.

o  Transfers to the guaranteed interest option will receive the crediting rate
   in effect on that business day for the specified time period.

o  For the interest sweep option, the first monthly transfer will occur on the
   last business day of the month following the month that we receive your
   election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o  the election of trustees; or

o  the formal approval of independent public accounting firms selected for each
   Trust; or

o  any other matters described in the prospectuses for the Trusts or requiring a
   shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustee or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS


If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners. One result of proportional
voting is that a small number of contract owners may control the outcome of a
vote.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
written notification of any change at our processing office. You cannot assign
your NQ contract as collateral or security for a loan. Loans are also not
available under your NQ contract. In some cases, an assignment or change of
ownership may have adverse tax consequences. See "Tax information" earlier in
this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, Protection
Plus(SM) death benefit, Guaranteed principal benefit option 2 and/or the
Principal Protector(SM) ("Benefit"), generally the Ben-

                                                            More information  91




efit will automatically terminate if you change ownership of the contract or if
you assign the owner's right to change the beneficiary or person to whom
annuity payments will be made. -- if you are an existing contract owner, this
restriction may not apply to you. See Appendix IX later in this Prospectus for
more information. However, the Benefit will not terminate if the ownership of
the contract is transferred to: (i) a family member (as defined in the
contract); (ii) a trust created for the benefit of a family member or members;
(iii) a trust qualified under section 501(c) of the Internal Revenue Code; or
(iv) a successor by operation of law, such as an executor or guardian. Please
speak with your financial professional for further information.


See Appendix VIII later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.


You cannot assign or transfer ownership of Rollover IRA, Roth Conversion IRA,
QP or Rollover TSA contract except by surrender to us. If your individual
retirement annuity contract is held in your custodial individual retirement
account, you may only assign or transfer ownership of such an IRA contract to
yourself. Loans are not available (except for Rollover TSA contracts) and you
cannot assign Rollover IRA, Roth Conversion IRA, QP or Rollover TSA contracts
as security for a loan or other obligation. If the employer that provided the
funds does not restrict them, loans are available under a Rollover TSA
contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA, QP or Rollover TSA contract to another similar arrangement
under federal income tax rules. In the case of such a transfer, which involves
a surrender of your contract, we will impose a withdrawal charge, if one
applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 1.20% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 6.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.


92  More information




The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Elite(SM) on a company and/or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable product. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.


                                                            More information  93




9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


94  Incorporation of certain documents by reference




Appendix I: Condensed financial information


- --------------------------------------------------------------------------------


The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.65%.


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006




- -------------------------------------------------------------------------------------------------------------------------
                                                                                 For the years ending December 31,
                                                                ---------------------------------------------------------
                                                                    2006        2005        2004        2003        2002
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                   
 AXA Aggressive Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  13.07     $ 11.26     $ 10.59          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,308       1,298         726          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.84     $ 10.35     $ 10.27          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           1,508       1,073         686          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.28     $ 10.54     $ 10.37          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           1,741       1,299         787          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  47.21     $ 43.48     $ 42.17     $ 39.41     $ 33.62
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,955       4,167       3,907       2,733         598
- -------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.55     $ 11.14     $ 10.61          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          11,247       7,926       3,664          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  56.56     $ 54.68     $ 51.36     $ 46.56     $ 34.41
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             292         331         388         429         338
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.36     $ 11.12     $ 11.11     $ 10.87     $ 10.64
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           6,686       7,527       8,293       8,217       3,282
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.94     $ 11.53     $ 10.96     $  9.93     $  7.88
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           1,865       2,078       2,231       1,758         398
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  30.88     $ 28.55     $ 28.15     $ 26.32     $ 21.83
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,798       4,585       5,526       5,467       2,248
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  16.73     $ 13.57     $ 11.94     $ 10.29     $  7.79
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,676       2,300       2,160       1,684         553
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.18     $ 10.89     $ 10.37     $  9.61     $  7.62
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           1,745       1,956       2,038       1,850         635
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   9.52     $  9.66     $  9.13     $  8.70     $  6.77
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           4,202       4,551       4,852       4,258       1,299
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.18     $ 12.07     $ 11.46     $ 10.17     $  7.89
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           4,325       4,766       4,712       3,848       1,272
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.79     $ 10.01     $  9.38     $  8.53     $  6.18
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           4,520       5,281       6,078       5,628       1,488
- -------------------------------------------------------------------------------------------------------------------------



- -------------------------------------------------------------------------------------------------------------------------
                                                                                 For the years ending December 31,
                                                                ---------------------------------------------------------
                                                                    2001        2000        1999        1998        1997
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                   
 AXA Aggressive Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 39.15          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              97          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 49.16     $ 66.77     $ 78.30     $ 67.13     $ 68.19
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             402         420         141          16          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 22.86     $ 23.07     $ 25.73     $ 27.12     $ 29.13
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           1,835       1,211         574         170           2
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --          --          --          --
- -------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-1



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)




- -------------------------------------------------------------------------------------------------------------------------
                                                                                 For the years ending December 31,
                                                                ---------------------------------------------------------
                                                                    2006        2005        2004        2003        2002
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                   
 AXA Premier VIP Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  13.75    $  12.18     $  11.53    $  10.17   $   7.35
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,885       4,432        5,059       3,927      1,262
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.46    $   9.91     $   9.05    $   8.76   $   5.65
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,343       4,090        4,725       1,117        205
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 247.00    $ 226.77     $ 220.94    $ 196.75   $ 133.70
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             490         586          683         689        581
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  33.29    $  28.54     $  27.49    $  24.85   $  19.37
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,676       3,197        3,420       3,013      1,002
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  18.20    $  17.94     $  18.01    $  17.95   $  17.86
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,358       2,881        3,326       3,448      2,501
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  17.88    $  14.71     $  12.97    $  11.15   $   8.38
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           4,168       4,498        4,337       4,026        604
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   6.86    $   7.01     $   6.19    $   5.81   $   4.79
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          11,991      14,352       15,822      17,115     16,550
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  15.84    $  15.50     $  15.45    $  15.13   $  14.85
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,329       2,753        2,951       3,122      1,064
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  17.73    $  16.53     $  15.07    $  13.43   $   9.69
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,069       3,839        4,346       4,534      3,377
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  17.54    $  14.69     $  14.16    $  12.68   $  10.01
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          13,777      15,585       17,155      15,959      8,615
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.33    $  10.36           --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              99          53           --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.69    $  10.71           --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             669       1,084           --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   6.64    $   5.82     $   5.57          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             907       1,277          370          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   8.87    $   8.57     $   8.01    $   7.86   $   6.24
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             367         468          498         478        128
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.80    $  12.11     $  11.71    $  11.27   $   9.24
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,547       2,581        2,715       2,971      2,171
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.24    $  12.14     $  10.53    $   9.42   $   7.22
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           9,957      11,032       11,933      10,611      5,973
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.82    $  11.63     $  11.14    $  10.21   $   7.89
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           9,568      11,228       12,694      12,682      9,408
- -------------------------------------------------------------------------------------------------------------------------



- -------------------------------------------------------------------------------------------------------------------------
                                                                                 For the years ending December 31,
                                                                ---------------------------------------------------------
                                                                    2001        2000        1999        1998        1997
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                    
 AXA Premier VIP Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 203.81     $ 232.08    $ 275.01    $ 223.79   $ 176.22
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             661          618         255          35          1
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  25.00     $  25.80    $  24.13          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  16.72     $  15.75    $  14.70          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   9.48     $  12.56    $  16.61          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   7.07     $   9.45    $  11.77          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          18,765       17,412       5,630          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.11     $  16.53    $  14.78    $  11.77   $  12.52
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,423        3,189         818         211         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.78     $  11.61    $  12.04    $  11.81         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           6,000        3,700       1,532         315         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
EQ/AXA Rosenberg Value Long/Short Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   8.62           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              13           --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.75     $  17.16    $  21.20    $  16.54   $  12.33
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,221        1,658         576         282         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   8.64     $  11.09    $  13.93          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           5,697        5,514       1,286          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.65     $  11.04    $  10.60          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,151        2,953         987          --         --
- -------------------------------------------------------------------------------------------------------------------------



A-2 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)




- -------------------------------------------------------------------------------------------------------------------------
                                                                            For the years ending December 31,
                                                                ---------------------------------------------------------
                                                                    2006        2005        2004        2003        2002
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Capital Guardian U. S. Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.34    $  11.40      $  10.94    $  10.17    $  7.57
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          12,120      14,266        15,720      14,963      8,308
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.03    $  10.38            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             247         113            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.84          --            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             332          --            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  29.01    $  25.62      $  24.94    $  22.99    $ 18.28
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           8,474      10,127        11,584      11,512      7,152
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   9.92    $   9.74            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             471          36            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   8.74    $   8.39      $   8.20    $   7.79    $  5.73
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           1,731       2,184         2,500       2,016        424
- -------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.66    $  11.53      $  11.02    $   9.65    $  6.83
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           8,561      10,309        11,422      10,509      4,322
- -------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  17.13    $  15.47      $  14.13    $  12.18    $  9.29
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           6,178       7,278         7,736       7,229      3,714
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.42          --            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             730          --            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.81          --            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              51          --            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.58    $  10.49            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             268         107            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  26.24    $  22.44      $  21.86          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             291         339            74          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.19    $  11.48            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             273          98            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   6.26    $   6.29      $   5.96    $   5.40    $  4.36
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           5,400       6,287         6,714       6,805      4,722
- -------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.01    $  13.68      $  13.60    $  13.28    $ 13.05
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          12,428      14,021        15,208      16,175     13,419
- -------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  15.68    $  13.24      $  12.94    $  11.86    $  9.51
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           4,115       4,803         5,325       5,701      4,777
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.18    $  10.63            --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             784         195            --          --         --
- -------------------------------------------------------------------------------------------------------------------------



- ----------------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                                ------------------------------------------------------------
                                                                    2001        2000        1999        1998        1997
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                                     
 EQ/Capital Guardian U. S. Equity
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.09     $ 10.46       $ 10.26          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           6,886       5,538         2,436          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ----------------------------------------------------------------------------------------------------------------------------
   Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Davis New York Venture
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  23.93     $ 27.69            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           6,601       6,057            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   7.66     $  9.38       $ 10.80          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             141          78             6          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   8.51     $  9.99            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,644         617            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.07     $ 10.82       $ 10.45          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,090         251            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   6.36     $  8.39            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,856       1,315            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.10     $ 11.40       $ 10.39     $ 10.73         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          10,537       5,112         2,026         379         --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.94     $ 13.02       $ 12.39     $ 12.76    $ 11.50
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           4,156       1,755           978         714         17
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --          --            --          --         --
- ----------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-3



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)




- -------------------------------------------------------------------------------------------------------------------------
                                                                           For the years ending December 31,
                                                                ---------------------------------------------------------
                                                                    2006        2005        2004        2003        2002
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Long Term Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.00   $  9.98       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             390       431       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  12.20   $ 10.58       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             502       135       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.69   $ 10.54       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             166       132       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.31   $ 11.13       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             519       490       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  16.22   $ 15.07 $  13.84    $  12.72    $  9.86
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          10,192    11,276   11,463      10,296      2,423
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  23.60   $ 19.83 $  19.58    $  17.99    $ 13.94
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,644     4,227    4,909       4,335      2,235
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  22.35   $ 18.07 $  16.57    $  13.84    $ 10.98
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           4,311     4,992    5,077       5,316      3,555
- -------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.72   $ 13.88 $  12.94    $  11.68    $  9.18
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,075     3,566    4,258       4,710      4,661
- -------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.37   $  9.33 $   8.84    $   8.07    $  6.72
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           6,684     7,849    8,941       9,707      8,237
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  27.57   $ 26.81 $  26.55    $  26.78    $ 27.06
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,996     4,058    4,693       6,370      9,288
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   4.81   $  4.53 $   4.36          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             206       172       19          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.70        --       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             372        --       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.09        --       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              61        --       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.92        --       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              21        --       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.09        --       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              30        --       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   9.80   $  9.92       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           1,411       848       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.19   $  9.96       --          --         --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             593       132       --          --         --
- -------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------
                                                                                 For the years ending December 31,
                                                                --------------------------------------------------------------
                                                                    2001        2000        1999        1998        1997
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.33       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              78       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  17.00  $ 16.37     $ 14.88     $ 12.71             $ 11.58
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           1,559    1,079         173          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  13.39  $ 17.34     $ 20.10     $ 12.75             $ 10.84
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           3,126    2,033         771         422                   4
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.20  $ 21.88     $ 27.40     $ 16.03             $ 12.11
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           5,707    5,759       1,680         200                   2
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   8.64  $ 10.45     $ 10.70          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           8,655    7,052       2,906          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  27.16  $ 26.65     $ 25.55     $ 24.80             $ 23.98
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          13,759       --       9,875       5,805                 349
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                           --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)              --       --          --          --                  --
- ------------------------------------------------------------------------------------------------------------------------------



A-4 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)




- ------------------------------------------------------------------------------------------------------------------------------
                                                                                 For the years ending December 31,
                                                                --------------------------------------------------------------
                                                                    2006        2005        2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 19.22     $ 16.83    $  16.33   $ 14.17     $ 10.49
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           5,693       6,888       7,850     7,354       5,021
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $  8.61     $  7.94    $   7.51        --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             605         410          22        --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 16.75     $ 14.46    $  14.10   $ 12.18     $  8.48
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           2,912       3,372        3.99     4,084       1,913
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 15.76     $ 16.68    $  16.30        --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             104         146          19        --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 10.75          --          --        --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             298          --          --        --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $  6.12     $  5.45    $   5.08        --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             397         286          69        --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 11.87     $ 10.41          --        --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             647         410          --        --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 18.41     $ 13.65    $  10.45   $  8.58     $  5.59
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)           4,518       5,043       4,587     4,232       2,823
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 13.28     $ 12.35          --        --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             322         172          --        --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 14.22     $ 11.88    $  11.36        --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             168          40           1        --          --
- ------------------------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 19.75     $ 14.58          --        --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)             578         539          --        --          --
- ------------------------------------------------------------------------------------------------------------------------------




- -------------------------------------------------------------------------------------------------------------------------
                                                                                 For the years ending December 31,
                                                                ---------------------------------------------------------
                                                                   2001        2000        1999        1998        1997
- -------------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                    $ 12.37       $ 10.68    $  9.15     $ 9.14          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         3,274         2,109         98        344          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                         --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)            --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                    $ 10.90       $ 10.86    $ 11.42     $ 9.61          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         1,535         1,382        522        211          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                         --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)            --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                         --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)            --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                         --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)            --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                         --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)            --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                    $  6.04       $  6.47    $ 10.97     $ 5.70          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         3,043         2,958        962        203          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                         --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)            --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                         --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)            --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- -------------------------------------------------------------------------------------------------------------------------
  Unit value                                                         --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)            --            --         --         --          --
- -------------------------------------------------------------------------------------------------------------------------




                                 Appendix I: Condensed financial information A-5




The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.60%.


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006




- ---------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                               ------------------------------------------------
                                                                   2006          2005        2004        2003
- ---------------------------------------------------------------------------------------------------------------
                                                                                          
 AXA Aggressive Allocation
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   14.45     $  12.46    $  11.72     $ 10.66
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               32,813       12,508       4,674         195
- ---------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   11.33     $  10.83    $  10.75     $ 10.31
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                5,935        3,738       1,736         116
- ---------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   11.98     $  11.20    $  11.03     $ 10.41
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               16,150        9,271       3,928         215
- ---------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   12.57     $  11.58    $  11.24     $ 10.51
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               83,885       52,197      21,440         970
- ---------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   13.84     $  12.29    $  11.72     $ 10.67
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              151,231       69,680      21,528         560
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   12.93     $  12.51    $  11.75     $ 10.66
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                  976          442         210          15
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   10.61     $  10.39    $  10.38     $ 10.16
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                5,315        4,566       2,210         301
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   12.70     $  12.28    $  11.67     $ 10.59
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                3,143        1,765         716          86
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   12.40     $  11.47    $  11.32     $ 10.59
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                6,956        5,292       3,135         282
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   18.23     $  14.79    $  13.02     $ 11.23
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                5,220        2,536       1,127          65
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   13.38     $  11.98    $  11.41     $ 10.58
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                1,487        1,016         456          20
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   11.42     $  11.59    $  10.97     $ 10.45
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                3,137        2,204       1,141          59
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   15.40     $  13.12    $  12.46     $ 11.07
- ---------------------------------------------------------------------------------------------------------------
 Number of units outstanding (000's)                                5,165        3,109       1,455          59
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   13.30     $  12.33    $  11.57     $ 10.53
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                3,570        2,515       1,381          97
- ---------------------------------------------------------------------------------------------------------------



A-6 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)




- ---------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                                -----------------------------------------------
                                                                     2006          2005        2004        2003
- ---------------------------------------------------------------------------------------------------------------
                                                                                          
 AXA Premier VIP Mid Cap Value
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.83       $ 13.15     $ 12.45     $ 10.99
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               3,627         2,566       1,506         103
- ---------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.29       $ 11.65     $ 10.64     $ 10.31
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               2,164         1,431         675          35
- ---------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  13.60       $ 12.58     $ 12.26     $ 10.92
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               7,207         5,402       2,957         158
- ---------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.60       $ 12.53     $ 12.07     $ 10.92
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               5,884         4,328       2,227         127
- ---------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.22       $ 10.07     $ 10.12     $ 10.09
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,691         1,398         905          69
- ---------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  17.91       $ 14.74     $ 13.00     $ 11.19
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               7,675         3,716       1,270          66
- ---------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.19       $ 12.46     $ 11.02     $ 10.34
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               2,506         1,386         595          44
- ---------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.66       $ 10.44     $ 10.40     $ 10.20
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               3,340         2,303       1,119          95
- ---------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.18       $ 13.22     $ 12.06     $ 10.75
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               2,926         1,783         913          81
- ---------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  15.10       $ 12.65     $ 12.20     $ 10.93
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              14,100         9,522       5,080         310
- ---------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.32       $ 10.35          --          --
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                 907           118          --          --
- ---------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.92       $ 10.95     $ 10.35     $ 10.16
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               3,611         2,568         878          43
- ---------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   6.61       $  5.80     $  5.55          --
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               4,814         3,177         208          --
- ---------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.83       $ 11.43     $ 10.68     $ 10.49
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                 894           571         194           5
- ---------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.80       $ 11.17     $ 10.80     $ 10.41
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               6,225         2,419         273          15
- ---------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  16.87       $ 14.38     $ 12.48     $ 11.17
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              11,624         7,243       3,564         178
- ---------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- ---------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  13.44       $ 12.20     $ 11.69     $ 10.72
- ---------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               6,674         4,879       2,900          86
- ---------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-7



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)




- -----------------------------------------------------------------------------------------------------------------
                                                                              For the years ending
                                                                -------------------------------------------------
                                                                                            
                                                                     2006          2005        2004        2003
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  13.07         $ 12.09     $ 11.60     $ 10.79
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              10,590           7,725       4,402         275
- -----------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.02         $ 10.38          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,957             563          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.84              --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,788              --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  13.56         $ 11.98     $ 11.67     $ 10.76
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               9,866           7,495       4,181         204
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $   9.91         $  9.74          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               2,013             172          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.98         $ 11.50     $ 11.25     $ 10.69
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,979           1,528       1,146         126
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.84         $ 13.53     $ 12.93     $ 11.33
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               8,706           5,920       3,260         291
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  15.51         $ 14.02     $ 12.80     $ 11.04
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               6,490           4,526       2,213         149
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.42              --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               3,992              --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.81              --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                 384              --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.57         $ 10.48          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,759             442          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  26.00         $ 22.24     $ 21.68          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,796             802          76          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.18         $ 11.48          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,674             373          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  12.12         $ 12.18     $ 11.54     $ 10.46
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,717           1,201         449          46
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  10.74         $ 10.50     $ 10.44     $ 10.20
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              11,680           7,995       3,501         284
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  14.47         $ 12.22     $ 11.96     $ 10.97
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,769           1,018         473          42
- -----------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  11.17         $ 10.63          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               5,957             563          --          --
- -----------------------------------------------------------------------------------------------------------------



A-8 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)




- ---------------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending  December 31,
                                                                -----------------------------------------------------------
                                                                                            
                                                                     2006          2005        2004        2003
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  9.99   $  9.98           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                878       743           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 12.19   $ 10.58           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              3,163       874           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 11.68   $ 10.54           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              1,248       527           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 12.30   $ 11.13           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              5,585     2,163           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 13.45   $ 12.51      $ 11.49     $ 10.57
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                             20,022    11,881        5,249         435
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 14.30   $ 12.02      $ 11.87     $ 10.92
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              5,785     4,888        3,020         210
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 17.89   $ 14.47      $ 13.27     $ 11.09
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              7,223     4,026        1,161          30
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 12.89   $ 12.16      $ 11.34     $ 10.24
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              1,215       705          369          29
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 13.56   $ 12.21      $ 11.58     $ 10.57
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              1,455     1,271          643          69
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 10.24   $  9.97      $  9.87     $  9.96
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              4,632     2,041        1,005          42
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  4.79   $  4.51      $  4.35          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              1,430       883           38          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 10.70        --           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              2,470        --           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 11.08        --           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                367        --           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 10.92        --           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                133        --           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 11.09        --           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                182        --           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $  9.79   $  9.91           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              8,303     3,300           --          --
- ---------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ---------------------------------------------------------------------------------------------------------------------------
  Unit value                                                     $ 10.18   $  9.96           --          --
- ---------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                              1,594       402           --          --
- ---------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-9



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)




- -------------------------------------------------------------------------------------------------------------
                                                                               For the years ending
                                                                ---------------------------------------------
                                                                     2006        2005        2004        2003
- -------------------------------------------------------------------------------------------------------------
                                                                                        
 EQ/Small Cap Value
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 14.80     $ 12.96     $ 12.59     $ 10.93
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               7,719       5,307       2,979         191
- -------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $  8.58     $  7.91     $  7.49          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               3,530       1,416          31          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 14.72     $ 12.72     $ 12.40     $ 10.71
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               4,061       2,210       1,215          79
- -------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 15.61     $ 16.53     $ 16.17          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                 907         526          22          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 10.75          --          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               2,001          --          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $  6.10     $  5.43     $  5.07          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               2,346         952          71          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 11.86     $ 10.41          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               7,856       2,852          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 24.59     $ 18.24     $ 13.97     $ 11.48
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               6,050       3,408       1,047          46
- -------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 13.27     $ 12.35          --          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               2,350         533          --          --
- -------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 14.13     $ 11.81     $ 11.36          --
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               1,072         137           6          --
- -------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- -------------------------------------------------------------------------------------------------------------
  Unit value                                                      $ 22.87     $ 16.89     $ 14.71     $ 10.99
- -------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                               4,729       2,639       1,107          41
- -------------------------------------------------------------------------------------------------------------



A-10 Appendix I: Condensed financial information



Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an Accumulator(R) Elite(SM) QP
contract should discuss with their tax advisers whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether
the plan provisions permit the investment of plan assets in the QP contract,
the distribution of such an annuity, the purchase of the guaranteed minimum
income benefit, and the payment of death benefits in accordance with the
requirements of the federal income tax rules. The QP contract and this
prospectus should be reviewed in full, and the following factors, among others,
should be noted. Assuming continued plan qualification and operation, earnings
on qualified plan assets will accumulate value on a tax-deferred basis even if
the plan is not funded by the Accumulator(R) Elite(SM) QP contract or another
annuity contracts. Therefore, you should purchase an Accumulator(R) Elite(SM) QP
contract to fund a plan for the contract's features and benefits other than tax
deferral, after considering the relative costs and benefits of annuity
contracts and other types of arrangements and funding vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
from the employer. For 401(k) plans, no employee after-tax contributions are
accepted. A "designated Roth contribution account" is not available in the QP
contract. Checks written on accounts held in the name of the employer instead
of the plan or the trustee will not be accepted. Only one additional transfer
contribution may be made per contract year. If amounts attributable to an
excess or mistaken contribution must be withdrawn, a withdrawal charge and/or
market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o  the QP contract may not be an appropriate purchase for participants
   approaching or over age 70-1/2;

o  provisions in the Treasury Regulations on required minimum distributions
   require that the actuarial present value of additional annuity contract
   benefits be added to the dollar amount credited for purposes of calculating
   required minimum distributions. This may increase the amounts required to be
   distributed from the contract;

o  the Guaranteed minimum income benefit may not be an appropriate feature for
   participants who are older than age 60-1/2 when the contract is issued; and


o  if the Guaranteed minimum income benefit is automatically exercised as a
   result of the no lapse guarantee, payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.


                       Appendix II: Purchase considerations for QP contracts B-1




Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)





- -------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                                -----------------------
                                                                                  5.00%        9.00%
- -------------------------------------------------------------------------------------------------------
                                                                                      
 As of February 15, 2011 before withdrawal
- -------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- -------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- -------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- -------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- -------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                               $  3,637     $ (3,847)
- -------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- -------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- -------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- -------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- -------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:




       
 (a)      Number of days from the withdrawal date to the maturity date = D = 1,461

 (b)      Market adjusted amount is based on the following calculation:

          Maturity value                  $171,882
          --------------        =     ------------------    where j is either 5% or 9%
          (1+j)((D/365))              (1+j)((1,461/365))

(c)       Fixed maturity amount is based on the following calculation:

          Maturity value                 $171,882
          --------------        =    ---------------------
          (1+h)((D/365))             (1+0.07)((1,461/365))

 (d)      Maturity value is based on the following calculation:

          Fixed maturity amount      $84,741 or $77,257
          --------------------- =    ---------------------
          (1+h)((D/365))             (1+0.07)((1,461/365))



C-1 Appendix III: Market value adjustment example




Appendix IV: Enhanced death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.
The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/Alliance Intermediate Government Securities, EQ/Money Market, EQ/Short
Duration Bond, the guaranteed interest option or the fixed maturity options or
the Special 10 year fixed maturity option), no additional contributions, no
transfers, no withdrawals and no loans under a Rollover TSA contract, the
enhanced death benefit for an annuitant age 45 would be calculated as follows:

- -----------------------------------------------------------------------------
   End of                  6% Roll-Up to age 85      Annual ratchet to age 85
 contract                      enhanced                    enhanced
   year    Account value   death benefit(1)              death benefit
- -----------------------------------------------------------------------------
     1      $105,000         $  106,000(1)               $  105,000(3)
- -----------------------------------------------------------------------------
     2      $115,500         $  112,360(2)               $  115,500(3)
- -----------------------------------------------------------------------------
     3      $129,360         $  119,102(2)               $  129,360(3)
- -----------------------------------------------------------------------------
     4      $103,488         $  126,248(1)               $  129,360(4)
- -----------------------------------------------------------------------------
     5      $113,837         $  133,823(1)               $  129,360(4)
- -----------------------------------------------------------------------------
     6      $127,497         $  141,852(1)               $  129,360(4)
- -----------------------------------------------------------------------------
     7      $127,497         $  150,363(1)               $  129,360(4)
- -----------------------------------------------------------------------------

The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.

6% ROLL-UP TO AGE 85

(1)  At the end of contract year 1, and again at the end of contract years 4
     through 7, the death benefit will be the enhanced death benefit.

(2)  At the end of contract years 2 and 3, the death benefit will be the current
     account value since it is higher than the current enhanced death benefit.

ANNUAL RATCHET TO AGE 85

(3)  At the end of contract years 1 through 3, the enhanced death benefit is the
     current account value.

(4)  At the end of contract years 4 through 7, the enhanced death benefit is the
     enhanced death benefit at the end of the prior year since it is equal to or
     higher than the current account value.

GREATER OF 6% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
ratchet to age 85 or the current account value.*

*    At the end of contract years 4 through 7, the death benefit will be the
     enhanced death benefit. At the end of contract years 1 through 3, the death
     benefit will be the current account value.


                                 Appendix IV: Enhanced death benefit example D-1



Appendix V: Hypothetical illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age
85" Guaranteed minimum death benefit, the Protection Plus(SM) benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) Elite(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single $100,000
contribution and takes no withdrawals. The amounts shown are for the beginning
of each contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying portfolios (as described
below), the corresponding net annual rates of return would be (2.96)% and 3.04%
for the Accumulator(R) Elite(SM) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges, but they do not reflect the charges we deduct from your
account value annually for the optional Guaranteed minimum death benefit,
Protection Plus(SM) benefit and the Guaranteed minimum income benefit features,
as well as the annual administrative charge. If the net annual rates of return
did reflect these charges, the net annual rates of return would be lower;
however, the values shown in the following tables reflect the following
contract charges: the "Greater of 6% Roll-Up to age 85 and the Annual Ratchet
to age 85" Guaranteed minimum death benefit charge, the Protection Plus(SM)
benefit charge and the Guaranteed minimum income benefit charge and any
applicable administrative charge and withdrawal charge. The values shown under
"Lifetime annual guaranteed minimum income benefit" reflect the lifetime income
that would be guaranteed if the Guaranteed minimum income benefit is selected
at that contract date anniversary. An "N/A" in these columns indicates that the
benefit is not exercisable in that year. A "0" under any of the death benefit
and/or "Lifetime annual guaranteed minimum income benefit" columns indicates
that the contract has terminated due to insufficient account value. However,
the Guaranteed minimum income benefit has been automatically exercised and the
owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios, as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

E-1 Appendix V: Hypothetical illustrations



Variable deferred annuity
Accumulator(R) Elite(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up or the Annual Ratchet to age 85 Guaranteed minimum
  death benefit
  Protection Plus
  Guaranteed minimum income benefit




                                                          Greater of 6%
                                                        Roll-Up to age 85
                                                          or the Annual                                   Lifetime Annual
                                                             Ratchet                             Guaranteed Minimum Income Benefit
                                                            to age 85                           ------------------------------------
                                                           Guaranteed       Total Death Benefit
                                                          Minimum Death       with Protection       Guaranteed       Hypothetical
                   Account Value        Cash Value           Benefit             Plus               Income              Income
       Contract ------------------  -----------------  -------------------  -----------------  -----------------  ------------------
 Age     Year       0%        6%       0%        6%        0%        6%         0%        6%        0%       6%        0%       6%
- ----   --------  --------  -------  -------   -------  --------  ---------  --------- -------  --------  -------  --------  --------
                                                                                      
 60        1     100,000   100,000   92,000    92,000   100,000   100,000    100,000  100,000      N/A      N/A       N/A      N/A
 61        2      95,375   101,354   88,375    94,354   106,000   106,000    108,400  108,400      N/A      N/A       N/A      N/A
 62        3      90,824   102,666   84,824    96,666   112,360   112,360    117,304  117,304      N/A      N/A       N/A      N/A
 63        4      86,338   103,928   81,338    98,928   119,102   119,102    126,742  126,742      N/A      N/A       N/A      N/A
 64        5      81,911   105,134   81,911   105,134   126,248   126,248    136,747  136,747      N/A      N/A       N/A      N/A
 65        6      77,536   106,278   77,536   106,278   133,823   133,823    147,352  147,352      N/A      N/A       N/A      N/A
 66        7      73,204   107,353   73,204   107,353   141,852   141,852    158,593  158,593      N/A      N/A       N/A      N/A
 67        8      68,909   108,349   68,909   108,349   150,363   150,363    170,508  170,508      N/A      N/A       N/A      N/A
 68        9      64,643   109,260   64,643   109,260   159,385   159,385    183,139  183,139      N/A      N/A       N/A      N/A
 69       10      60,398   110,076   60,398   110,076   168,948   168,948    196,527  196,527      N/A      N/A       N/A      N/A
 74       15      39,151   112,361   39,151   112,361   226,090   226,090    276,527  276,527   14,266   14,266    14,266   14,266
 79       20      17,094   110,481   17,094   110,481   302,560   302,560    383,584  383,584   20,393   20,393    20,393   20,393
 84       25           0   102,327        0   102,327         0   404,893          0  493,179        0   34,821         0   34,821
 89       30           0   100,105        0   100,105         0   429,187          0  517,472      N/A      N/A       N/A      N/A
 94       35           0   100,670        0   100,670         0   429,187          0  517,472      N/A      N/A       N/A      N/A
 95       36           0   100,792        0   100,792         0   429,187          0  517,472      N/A      N/A       N/A      N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.

                                      Appendix V: Hypothetical illustrations E-2



Appendix VI: Guaranteed principal benefit example

- --------------------------------------------------------------------------------


For purposes of these examples, we assume that there is an initial contribution
of $100,000, made to the contract on February 15, 2007. We also assume that no
additional contributions, no transfers among options and no withdrawals from
the contract are made. For GPB Option 1, the example also assumes that a 10
year fixed maturity option is chosen. The hypothetical gross rates of return
with respect to amounts allocated to the variable investment options are 0%, 6%
and 10%. The numbers below reflect the deduction of all applicable separate
account and contract charges and also reflect the charge for GPB Option 2.
Also, for any given performance of your variable investment options, GPB Option
1 produces higher account values than GPB Option 2 unless investment
performance has been significantly positive. The examples should not be
considered a representation of past or future expenses. Similarly, the annual
rates of return assumed in the example are not an estimate or guarantee of
future investment performance.





                                                                                            Assuming 100%
                                                                                             in variable
                                                    Assuming 100%   Under GPB   Under GPB     investment
                                                        in FMO       Option 1    Option 2      options
- ----------------------------------------------------------------------------------------------------------
                                                                                
Amount allocated to FMO on February 15, 2007
based upon a 3.89% rate to maturity                    100,000        68,250      40,000          --
- ----------------------------------------------------------------------------------------------------------
Initial account value allocated to the variable
investment options on February 15, 2007                   0           31,750      60,000       100,000
- ----------------------------------------------------------------------------------------------------------
Account value in the fixed maturity option on
February 15, 2017                                      146,512       100,000      58,605          0
- ----------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of the
applicable fixed maturity option plus the value of
amounts in the variable investment options on
February 15, 2017, assuming a 0% gross rate of
return)                                                146,512       123,510     100,000*       74,047
- ----------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of the
applicable fixed maturity option plus the value of
amounts in the variable investment options on
February 15, 2017, assuming a 6% gross rate of
return)                                                146,512       142,835    132,834**      134,914
- ----------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of the
applicable fixed maturity option plus the value of
amounts in the variable investment options on
February 15, 2017, assuming a 10% gross rate of
return)                                                146,512       162,691    168,000**      197,452
- ----------------------------------------------------------------------------------------------------------



*    Since the annuity account value is less than the alternate benefit under
     GPB Option 2, the annuity account value is adjusted upward to the
     guaranteed amount or an increase of $3,150 in this example

**   Since the annuity account value is greater than the alternate benefit under
     GPB Option 2, GPB Option 2 will not affect the annuity account value.

F-1 Appendix VI: Guaranteed principal benefit example




Appendix VII: Protection Plus(SM) example


- --------------------------------------------------------------------------------


The following illustrates the calculation of a death benefit that includes
Protection Plus for an annuitant age 45. The example assumes a contribution of
$100,000 and no additional contributions. Where noted, a single withdrawal in
the amount shown is also assumed. If you purchased your contract after
approximately September 2003, the example shown in the second and third columns
apply. For all other contract owners, the example in the last two columns
apply. The calculation is as follows:





                                                                                                         $  3000         $ 6000
                                                                                                         withdrawal -   withdrawal -
                                                                No          $3000            $6000       Pro rata        Pro rata
                                                             Withdrawal     withdrawal     withdrawal    Treatment      Treatment
   ---------------------------------------------------------------------------------------------------------------------------------
                                                                                                           
A   Initial Contribution                                    100,000          100,000        100,000      100,000          100,000
   ---------------------------------------------------------------------------------------------------------------------------------
B   Death Benefit: prior to withdrawal.*                    104,000          104,000        104,000      104,000          104,000
   ---------------------------------------------------------------------------------------------------------------------------------
    Protection Plus Earnings: Death Benefit less net
C   contributions (prior to the withdrawal in D).
    B minus A.                                                4,000           4,000          4,000           N/A              N/A
   ---------------------------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                    0           3,000          6,000         3,000            6,000
   ---------------------------------------------------------------------------------------------------------------------------------
    Withdrawal % as a % of AV (assuming Death
E   Benefit = AV)                                              0.00%           N/A            N/A           2.88%            5.77%
    greater of D divided by B
   ---------------------------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Protection Plus             0             0            2,000           N/A              N/A
F   earnings
    greater of D minus C or zero
   ---------------------------------------------------------------------------------------------------------------------------------
    Net Contributions (adjusted for the withdrawal in D)    100,000          100,000        98,000        97,115           94,231
G   A reduced for E or F
   ---------------------------------------------------------------------------------------------------------------------------------
    Death Benefit (adjusted for the withdrawal in D)        104,000          101,000        98,000       101,000           98,000
H   B minus D
   ---------------------------------------------------------------------------------------------------------------------------------
    Death Benefit less Net Contributions                      4,000           1,000            0           3,885            3,769
I   H minus G
   ---------------------------------------------------------------------------------------------------------------------------------
J   Protection Plus Factor                                       40%           40%            40%             40%             40%
   ---------------------------------------------------------------------------------------------------------------------------------
    Protection Plus Benefit
K   I times J                                                 1,600            400             0           1,554           1,508
   ---------------------------------------------------------------------------------------------------------------------------------
    Death Benefit: Including Protection Plus
L   H plus K                                                105,600          101,400        98,000       102,554          99,508
   ---------------------------------------------------------------------------------------------------------------------------------




*    The Death Benefit is the greater of the Account Value or any applicable
     death benefit


                                   Appendix VII: Protection Plus(SM) example G-1



Appendix VIII: State contract availability and/or variations of certain
features and benefits

- --------------------------------------------------------------------------------


The following information is a summary of the states where the Accumulator(R)
Elite(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus. Please note that this may
not be a complete list and the availability of features and benefits are
subject to state approval and approval may be pending in your state.
Additionally, certain features and/or benefits may have been approved in your
state after your contract was issued and can not be added. Please contact your
financial professional for more information about availability in your state.
See also the "Contract Variations" appendix later in this Prospectus for
information about the availability of certain features and their charges, if
applicable, under your contract.


STATES WHERE CERTAIN ACCUMULATOR(R) ELITE(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:




- ------------------------------------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                 Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                 
CALIFORNIA      See "Contract features and benefits"--"Your right to   If you reside in the state of  California and you are age 60
                cancel within a certain number of days"                and older at the time the contract is issued, you may return
                                                                       your variable annuity contract within 30 days from the date
                                                                       that you receive it and receive a refund as described below.

                                                                       If you allocate your entire initial contribution to the money
                                                                       market account (and/or guaranteed interest option, if
                                                                       available), the amount of your refund will be equal to your
                                                                       contribution less interest, unless you make a transfer, in
                                                                       which case the amount of your refund will be equal to your
                                                                       account value on the date we receive your request to cancel
                                                                       at our processing office. This amount could be less than your
                                                                       initial contribution. If you allo- cate any portion of your
                                                                       initial contribution to the variable investment options
                                                                       (other than the money market account) and/or fixed maturity
                                                                       options, your refund will be equal to your account value on
                                                                       the date we receive your request to cancel at our processing
                                                                       office.

- ------------------------------------------------------------------------------------------------------------------------------------
FLORIDA         See "Transfers of ownership, collateral assignments,   The second paragraph in this section is deleted.
                loans and borrowing" in "More information
- ------------------------------------------------------------------------------------------------------------------------------------
ILLINOIS        See "Selecting an annuity payout option" under "Your   Annuity payments may be elected twelve months from the con-
                annuity payout options" in "Accessing your money"      tract date.
- ------------------------------------------------------------------------------------------------------------------------------------
MARYLAND        Fixed maturity options                                 Not Available

                Guaranteed principal benefit option1 and Guaranteed    Not Available
                principal benefit option 2
- ------------------------------------------------------------------------------------------------------------------------------------
MASSACHUSETTS   Automatic investment program                           Not Available

                Annual administrative charge                           The annual administrative charge will not be deducted from
                                                                       amounts allocated to the Guaranteed interest option.

                See "How you can purchase and contribute to your       Additional contributions are limited to the first two years
                contract" in "Contract features and benefits"          after the contract issue date only.

                See "Disability, terminal illness or confinement to    This section is deleted in its entirety.
                nursing home" under "Withdrawal charge" in
                "Charges and expenses"
- ------------------------------------------------------------------------------------------------------------------------------------
NEW YORK        Greater of the 6% Roll-Up or Annual Ratchet Guaran-    Not Available (you have a choice of the standard death
                teed minimum death benefit                             benefit or the Annual Ratchet to age 85 guaranteed minimum
                                                                       death benefit), as described earlier in this Prospectus.

                Guaranteed minimum death benefit/guaranteed mini-      Not Available
                mum income benefit roll-up benefit base reset

- ------------------------------------------------------------------------------------------------------------------------------------

H-1 Appendix VIII: State contract availability and/or variations of certain features and benefits







- ------------------------------------------------------------------------------------------------------------------------------------
 State       Features and Benefits                                     Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                 
NEW YORK,   Guaranteed minimum income benefit no lapse                 Not Available
CONTINUED   guarantee

            Principal Protector(SM)                                    Not Available

            Protection Plus(SM)                                        Not Available

            See "Insufficient account value" in "Determining your      If your account value in the  variable investment options and
            contract's value"                                          the fixed maturity options is insufficient to pay the annual
                                                                       adminis- trative charge, or either enhanced death benefit
                                                                       charge, and you have no account value in the guaranteed
                                                                       interest option, your contract will terminate without value,
                                                                       and you will lose any appli- cable benefits. See "Charges and
                                                                       expenses" earlier in this Prospectus.

            See "The amount applied to purchase an annuity             For fixed annuity period certain payout options only, the
            payout option" in "Accessing your money"                   amount applied to the annuity benefit is the greater of the
                                                                       cash value or 95% of what the account value would be if no
                                                                       withdrawal charge applied. The income provided, however, will
                                                                       never be less than what would be provided by applying the
                                                                       account value to the guaranteed annuity purchase factors.

            See "Annuity maturity date" in "accessing your             The maturity date by which you must take a lump sum with-
            money"                                                     drawal or select an annuity payout option is as follows:

                                                                                   Maximum
                                                                       Issue age   Annuitization age
                                                                       ---------   -----------------
                                                                       0-80        90
                                                                       81          91
                                                                       82          92
                                                                       83          93
                                                                       84          94
                                                                       85          95
                                                                       Please see this section earlier in this Prospectus for more
                                                                       information.

            See "Charges and expenses"                                 With regard to the Annual administrative, either enhanced
                                                                       death benefit, Guaranteed principal benefit option 2 and
                                                                       Guaranteed minimum income benefit charges, respectively, we
                                                                       will deduct the related charge, as follows for each: we will
                                                                       deduct the charge from your value in the variable investment
                                                                       options on a pro rata basis. If those amounts are
                                                                       insufficient, we will deduct all or a portion of the charge
                                                                       from the fixed maturity options (other than the Special 10
                                                                       year fixed maturity option) in the order of the earliest
                                                                       maturity date(s) first. If such fixed maturity option amounts
                                                                       are insufficient, we will deduct all or a portion of the
                                                                       charge from the account for special dollar cost averaging
                                                                       (not available if the Guaranteed principal benefit option is
                                                                       elected). If such amounts are still insufficient, we will
                                                                       deduct any remaining portion from the Special 10 year fixed
                                                                       maturity option. If the contract is surrendered or annuitized
                                                                       or a death benefit is paid, we will deduct a pro rata portion
                                                                       of the charge for that year. A market value adjustment will
                                                                       apply to deductions from the fixed maturity options
                                                                       (including the Special 10 year fixed maturity option).

                                                                       Deductions from the fixed maturity options (including the
                                                                       Special 10 year fixed maturity option) cannot cause the
                                                                       credited net interest for the contract year to fall below
                                                                       1.5%.
- ------------------------------------------------------------------------------------------------------------------------------------

Appendix VIII: State contract availability and/or variations of certain features and benefits H-2






- ------------------------------------------------------------------------------------------------------------------------------------
 State       Features and Benefits                                         Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                            
NEW YORK,                                                         With regard to the Annual administrative, and either  enhanced
CONTINUED                                                         death benefit and the Guaranteed minimum income benefit
                                                                  charges only, if your account value in the variable investment
                                                                  options and the fixed maturity options is insufficient to pay the
                                                                  applicable charge, and you have no account value in the guaran-
                                                                  teed interest option, your contract will terminate without value
                                                                  and you will lose any applicable guaranteed benefits. Please see
                                                                  "Insufficient account value" in "Determining your contract's
                                                                  value" earlier in this Prospectus.

            Fixed maturity options -- withdrawal charges          The withdrawal charge that applies to withdrawals takenfrom
                                                                  amounts in the fixed maturity options will never exceed 7%
                                                                  and  will be determined by applying the New York Alternate
                                                                  Scale I shown below. If you withdraw amounts that have been trans-
                                                                  ferred from one fixed maturity option to another, we use the New
                                                                  York Alternate Scale II (also shown below) if it produces a higher
                                                                  charge than Alternate Scale I.

                                                                  The withdrawal charge may not exceed the withdrawal charge
                                                                  that would normally apply to the contract. If a contribution has
                                                                  been in the contract for more than 4 years and therefore would
                                                                  have no withdrawal charge, no withdrawal charge will apply. Use
                                                                  of a New York Alternate Scale can only result in a lower
                                                                  charge.

                                                                  We will compare the result of applying Alternate Scale I or II, as
                                                                  the case may be, to the result of applying the normal withdrawal
                                                                  charge, and will charge the lower withdrawal charge.

                                                                  ------------------------------------------------------------------
            Fixed maturity options -- withdrawal charges          NY Alternate Scale I           NY Alternate Scale II
            (continued)                                           Year of investment in fixed    Year of transfer within fixed
                                                                  maturity option*               maturity option*
                                                                  ------------------------------------------------------------------
                                                                  Within year 1           7%     Within year 1             5%
                                                                  ------------------------------------------------------------------
                                                                    2                     6%       2                       4%
                                                                  ------------------------------------------------------------------
                                                                    3                     5%       3                       3%
                                                                  ------------------------------------------------------------------
                                                                    4                     4%       4                       2%
                                                                  ------------------------------------------------------------------
                                                                  After year 5            0%     After year 5              0%
                                                                  ------------------------------------------------------------------
                                                                  Not to exceed 1% times the number of years remaining in the
                                                                  fixed maturity option, rounded to the higher number of years. In
                                                                  other words, if 4.3 years remain, it would be a 5% charge.

                                                                  *   Measured from the contract date anniversary prior to
                                                                      the date of the contribution or transfer.

                                                                  If you take a withdrawal from an investment option other than
                                                                  the fixed maturity options, the amount available for withdrawal
                                                                  without a withdrawal charge is reduced. It will be reduced by the
                                                                  amount of the contribution in the fixed maturity options to which
                                                                  no withdrawal charge applies.

                                                                  You should consider that on the maturity date of a fixed maturity
                                                                  option if we have not received your instructions for allocation of
                                                                  your maturity value, we will transfer your maturity value to the
                                                                  fixed maturity option with the shortest available maturity. If we
                                                                  are not offering other fixed maturity options, we will transfer
                                                                  your maturity value to the EQ/Money Market option.
- ------------------------------------------------------------------------------------------------------------------------------------
H-3 Appendix VIII: State contract availability and/or variations of certain features and benefits







- ------------------------------------------------------------------------------------------------------------------------------------
 State          Features and Benefits                                  Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                
NEW YORK,                                                             The potential for lower withdrawal charges for withdrawals
                                                                      from the fixed maturity options and the potential for a lower
                                                                      "free withdrawal amount" than what would normally apply,
                                                                      should be taken into account when deciding whether to
                                                                      allocate amounts to, or transfer amounts to or from, the fixed
                                                                      maturity options.
- ------------------------------------------------------------------------------------------------------------------------------------
OREGON         Fixed maturity options                                 Not Available

               Guaranteed principal benefit option 1 and Guaranteed   Not Available
               principal benefit option 2

               See "How you can purchase and contribute to your       o   Subsequent contributions are not permitted. This is a
               contract" in "Contract features and benefits"              single premium product.

                                                                      o   Section 1035 exchanges, rollovers, multiple assignments
                                                                          and/or transfers are permitted provided that all
                                                                          documenta tion is complete and received with the
                                                                          application.

               See "Lifetime required minimum distribution with-      We generally will not impose a withdrawal charge on minimum
               drawals" in "Accessing your money"                     distribution withdrawals even if your are not enrolled in
                                                                      our automatic RMD service except if, when added to a lump sum
                                                                      withdrawal previously taken in the same contract year, the
                                                                      minimum distribution withdrawals exceed the 10% free
                                                                      withdrawal amount. In order to avoid a withdrawal charge in
                                                                      connection with minimum distribution withdrawals outside of
                                                                      our automatic RMD service, you must notify us using our
                                                                      request form. Such minimum distribution withdrawals must be
                                                                      based solely on your contract's account value.

               See "Selecting an annuity payout option" in "Access-   The annuity commencement date may not be earlier than four
               ing your money"                                        years from the contract issue date.

               See "Disability, terminal illness, or confinement to   Item (i) is deleted in its entirety.
               nursing home" under "Withdrawal charge" in
               "Charges and expenses"

               Automatic Investment Program                           Not Available

               See "Special dollar cost averaging program" in "Con-   The special dollar cost averaging program may only be
               tract Features and Benefits"                           selected at the time of application.

               See "We require that the following types of communi-   The following is added:
               cations be on specific forms we provide for that       (20) requests for required minimum distributions, other
               purpose:" in "Who is AXA Equitable?"                   than pursuant to our automatic RMD service.
- ------------------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA   Contribution age limitations                           The following contribution limits apply:

                                                                                        Maximum
                                                                      Issue age         contribution age
                                                                      ---------         ----------------
                                                                      0-75              82
                                                                      76                83
                                                                      77                84
                                                                      78-80             85
                                                                      81-85             87

               Special dollar cost averaging program                  In Pennsylvania, we refer to this program as "enhanced rate
                                                                      dollar cost averaging."
- ------------------------------------------------------------------------------------------------------------------------------------

Appendix VIII: State contract availability and/or variations of certain features and benefits H-4







- ------------------------------------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                    Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                  
PENNSYLVANIA,   See "Annuity maturity date" in "Accessing your          The maturity date by which you must take a lump sum with-
CONTINUED       money"                                                  drawal or select an annuity payout option is as follows:

                                                                                          Maximum
                                                                        Issue age         annuitization age
                                                                        ---------         -----------------
                                                                        0-75              85
                                                                        76                86
                                                                        77                87
                                                                        78-80             88
                                                                        81-85             90

                Loans under Rollover TSA contracts                      Taking a loan in excess of the Internal Revenue Code limits
                                                                        may result in adverse tax consequences. Please consult
                                                                        your tax adviser before taking a loan that exceeds the
                                                                        Internal Revenue Code limits.
- ------------------------------------------------------------------------------------------------------------------------------------
PUERTO RICO     IRA, Roth IRA, Inherited IRA, QP and Rollover TSA       Not Available
                contracts

                Beneficiary continuation option (IRA)                   Not Available
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS           See "Annual administrative charge" in "Charges and      The annual administrative charge will not be deducted from
                expenses"                                               amounts allocated to the Guaranteed interest option.

- ------------------------------------------------------------------------------------------------------------------------------------
UTAH            See " Transfer of ownership, collateral assignments,    The second paragraph in this
                loans and borrowing" in "More information"              section is deleted.
- ------------------------------------------------------------------------------------------------------------------------------------
VERMONT         Loans under Rollover TSA contracts                      Taking a loan in excess of the Internal Revenue Code limits
                                                                        may result in adverse tax consequences. Please consult
                                                                        your tax adviser before taking a loan that exceeds the
                                                                        Internal Revenue Code limits.
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON      Guaranteed interest option (for contracts issued from   Not Available
                approximately December 2004 to December 2006)

                Investment simplifier -- Fixed-dollar option            Not Available
                and Interest sweep option

                Fixed maturity options                                  Not Available

                Guaranteed Principal Benefit Options 1 and 2            Not Available

                Income Manager(SM) payout option                        Not Available

                Protection Plus(SM)                                     Not Available

                Special dollar cost averaging program (for contracts    o   Available only at issue.
                issued from approximately December 2004 to Decem-
                ber 2006)                                               o   Subsequent contributions cannot be used to elect new
                                                                            programs. You may make subsequent contributions to the
                                                                            initial programs while they are still running.

                See "Guaranteed minimum death benefit" (SM) in "Con-    You have a choice of the standard death benefit, the Annual
                tract features and benefits"                            Ratchet to age 85 enhanced death benefit, or the Greater
                                                                        of 4% Roll-Up to age 85 or the Annual Ratchet to age 85
                                                                        enhanced death benefit.

                See "Annual administrative charge" in "Charges and      The annual administrative charge will be deducted from the
                expenses"                                               value in the variable investment options on a pro
                                                                        rata basis.

                See "Withdrawal charge" in "Charges and expenses"       The 10% free withdrawal amount applies to full surrenders.
- ------------------------------------------------------------------------------------------------------------------------------------

H-5 Appendix VIII: State contract availability and/or variations of certain features and benefits







- ------------------------------------------------------------------------------------------------------------------------------------
 State         Features and Benefits                                       Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                 
WASHINGTON,   See "Withdrawal charge" in "Charges and expenses"        The annuitant has qualified to
CONTINUED     under "Disability, terminal illness, or confinement to   receive Social Security disability
              nursing home"                                            benefits as certified by the
                                                                       Social Security Administration or
                                                                       a statement from an independent U.S.
                                                                       licensed physician stating
                                                                       that the annuitant meets the
                                                                       definition of total disability for
                                                                       at least 6 continuous months prior to
                                                                       the notice of claim. Such dis-
                                                                       ability must be re-certified every
                                                                       12 months.
- ------------------------------------------------------------------------------------------------------------------------------------

Appendix VIII: State contract availability and/or variations of certain features and benefits H-6





Appendix IX: Contract variations

- --------------------------------------------------------------------------------

You may be receiving this Prospectus as a current contract owner. If you are a
current contract owner, you should note that your contract's options, features
and charges may vary from what is described in this Prospectus depending on the
approximate date on which you purchased your contract. You may not change your
contract or its features after issue. This Appendix reflects contract
variations that differ from what is described in this Prospectus but may have
been in effect at the time your contract was issued. If you purchased your
contract during the "Approximate Time Period" below, the noted variation may
apply to you.

In addition, options and/or features may vary among states in light of
applicable regulations or state approvals. Any such state variations are
generally not included here but instead included in Appendix VIII earlier in
this section. For more information about state variations applicable to you, as
well as particular features, charges and options available under your contract
based upon when you purchased it, please contact your financial
professional and/or refer to your contract.





- ------------------------------------------------------------------------------------------------------------------------------------
 Approximate Time Period       Feature/Benefit                              Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                     
April 2002 - November 2002    Inherited IRA beneficiary Continuation       Unavailable -- accordingly, all references in
                              contract                                     this Prospectus to "Inherited IRA beneficiary
                                                                           Continuation contract" are deleted in their
                                                                           entirety
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - February 2003    Guaranteed minimum income benefit            The fee for this benefit is 0.45%
                              Annual Ratchet to age 85                     The fee for this benefit is 0.20%
                              6% Roll-Up to age 85                         The fee for this benefit is 0.35%
                              The Greater of 6% Roll-Up to age 85 of the   The fee for this benefit is 0.45%
                              Annual Ratchet to age 85
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - July 2003        See "Transferring your account value" in     The fifth bullet is deleted in its entirety.
                              "Transferring your money among investment
                              options"
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - September 2003   The guaranteed principal benefits            GPB 2 -- unavailable
                                                                           GPB 1 known as Principal assurance
                                                                           GPB 1 available with both systematic and
                                                                           substantially equal withdrawals
                                                                           GPB 1 available with the Guaranteed minimum
                                                                           income benefit.
                              Spousal protection                           Unavailable -- accordingly, all references in
                                                                           this Prospectus to "Spousal protection" are
                                                                           deleted in their entirety
                              Maximum contributions                        The maximum contributions permitted under all
                                                                           Accumulator series contracts with the same
                                                                           owner or annuitant is $1,500,000.
                              Guaranteed minimum death benefit maximum     84 (not including QP contracts)
                              issue age
                              Protection Plus                              The maximum issue age for this benefit was
                                                                           79.
                                                                           For issue ages 71-79, the applicable death
                                                                           benefit will be multiplied by 25%
                                                                           In calculating the death benefit, contributions
                                                                           are decreased for withdrawals on a pro rata
                                                                           basis
- ------------------------------------------------------------------------------------------------------------------------------------



I-1 Appendix IX: Contract variations




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                     
April 2002 - September 2003   Guaranteed option charges                    If the contract is surrendered or annuitized or
continued                                                                  the a death benefit is paid on a date other than the
                                                                           contract date anniversary, we will not deduct a pro rata
                                                                           portion of the charge for any applicable benefit

                              Withdrawals treated as surrenders            We will not treat a withdrawal that results in a
                                                                           cash value of less than $500 as a request for a
                                                                           surrender. We will not terminate your contract
                                                                           if you do not make contributions for three
                                                                           contract years.

                              Guaranteed minimum income benefit option     Subject to state availability, this option
                                                                           guarantees you a minimum amount of fixed
                                                                           income under your choice of a life annuity fixed
                                                                           payout option or an Income Manager level
                                                                           payment life with a period certain payout
                                                                           option
                                                                           Known as the Living Benefit.

                              Annuitant issue age                          Ages 86-90. For contracts with an annuitant
                                                                           who was age 86-90 at issue, the following
                                                                           apply: (1) standard death benefit only was
                                                                           available, and (2) no withdrawal charge
                                                                           applies.

                              Systematic withdrawals                       Your systematic withdrawal may not exceed
                                                                           1.20% (monthly), 3.60% (quarterly) or 15%
                                                                           (annually) of account value
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - July 2004        Principal Protector(SM) benefit              Unavailable -- accordingly, all references in
                                                                           this Prospectus to "Principal Protector" are
                                                                           deleted in their entirety.
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - December 2004    Termination of guaranteed benefits           Your guaranteed benefits will not automatically
                                                                           terminate if you change ownership of your NQ
                                                                           contract.

                              Ownership Transfer of NQ                     If you transfer ownership of your NQ contract,
                                                                           your guaranteed benefit options will not be
                                                                           automatically terminated
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - January 2005     No lapse guarantee                           Unavailable.
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - October 2005     Roll-Up benefit base reset                   Unavailable.
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - current          Guaranteed interest option                   Your lifetime minimum interest rate is either
                                                                           1.5%, 2.25% or 3.0% (depending on the state
                                                                           and time where your contract was issued).
- ------------------------------------------------------------------------------------------------------------------------------------
April 2002 - July 2003        Guaranteed interest option                   No limitations regarding allocations or transfers
                                                                           into the guaranteed interest account.
- ------------------------------------------------------------------------------------------------------------------------------------
March 2003 - September 2003   Annual Ratchet to age 85                     The fee for this benefit is 0.30%

                              6% Roll-Up to age 85                         The fee for this benefit is 0.45%

                              Guaranteed minimum income benefit            The fee for this benefit is 0.60%
- ------------------------------------------------------------------------------------------------------------------------------------



                                            Appendix IX: Contract variations I-2





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                     
September 2003 - January 2004 Guaranteed minimum income benefit and
                              Greater of the 6% Roll-Up to age 85 or the
                              Annual Ratchet to age 85 enhanced death
                              benefit:

                              o Benefit base crediting rate                The effective annual interest credited to the
                                                                           applicable benefit base is 5%.* Accordingly, all
                                                                           references in this Prospectus to the "6%
                                                                           Roll-Up benefit base" are deleted in their
                                                                           entirety and replaced with "5% Roll-Up benefit base."

                              o Fee table                                  Greater of 5% Roll-up to age 85 or the
                                                                           Annual Ratchet to age 85 enhanced death
                                                                           benefitcharge: 0.50%*
                                                                           Guaranteed minimum income benefit charge: 0.55%

                              Effect of withdrawals on your Greater of     Withdrawals will reduce each of the benefit bases on
                              the 5% Roll-Up to age 85 or the Annual       on a pro rata basis only.
                              Ratchet to age 85 enhanced death benefit
- ------------------------------------------------------------------------------------------------------------------------------------
September 2003 -              How withdrawals affect your Guaranteed       In calculating whether your withdrawal will reduce your
February 2004 (for the        minimum income benefit and Greater of the    the Roll-Up benefit base portion of your Guaranteed
Guaranteed minimum income     5% Roll-up to age 85 or the Annual Ratchet   minimum income benefit base on a pro rata or dollar-for-
benefit) and January 2004 -   to age 85 enhanced death benefit.            dollar basis, withdrawal charges will be included in the
February 2005 (for the                                                     withdrawal amount.
greater of the 6% Roll-Up to
age 85 or the Annual
Ratchet to age 85 enhanced
benefit:)
- ------------------------------------------------------------------------------------------------------------------------------------
January 2004 - present        Greater of the 5% Roll-Up to age 85 or the   Unavailable - accordingly all references to this feature
                              Annual Ratchet to age 85 enhanced death      are deleted in their entirety.
- ------------------------------------------------------------------------------------------------------------------------------------



*    Contract owners who elected the Guaranteed minimum income benefit and/or
     the Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to age 85
     enhanced death benefit had a limited opportunity to change to the new
     versions of these benefits, as they are described in "Contract features and
     benefits" and "Accessing your money," earlier in this Prospectus.


I-3 Appendix IX: Contract variations



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS


                                                                           Page
Who is AXA Equitable?                                                       2
Unit Values                                                                 2

Custodian and Independent Registered Public Accounting Firm                 2
Distribution of the Contracts                                               2

Financial Statements                                                        3


How to obtain an Accumulator(R) Elite(SM) Statement of Additional Information
for Separate Account No. 49

Send this request form to:
 Accumulator(R) Elite(SM)
 P.O. Box 1547
 Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me an Accumulator(R) Elite(SM) SAI for Separate Account No. 49 dated
May 1, 2007.


- --------------------------------------------------------------------------------
Name:

- --------------------------------------------------------------------------------
Address:

- --------------------------------------------------------------------------------
City           State    Zip

                               Elite '02, '04, '06, Jumpstart '07 and '07 Series

                                                                          X01481





Accumulator(R) Elite(SM)
A combination variable and fixed deferred
annuity contract


PROSPECTUS MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing, or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) ELITE(SM)?


Accumulator(R) Elite(SM) is a deferred annuity contract issued by AXA Equitable
Life Insurance Company. It provides for the accumulation of retirement savings
and for income. The contract offers income and death benefit protection. It
also offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option, fixed maturity options or the account for special
dollar cost averaging ("investment options"). This contract may not currently
be available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------

(1) The "AXA Allocation" portfolios.
 *  This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits" later in this Prospectus for the
    investment option's former name.
**  This investment option will be available on or about May 29, 2007,
    subject to regulatory approval.
+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.
++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust, or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.

You may also allocate amounts to the guaranteed interest option, the fixed
maturity option and the account for special dollar cost averaging, which are
discussed later in this Prospectus. If you elect the Guaranteed withdrawal
benefit for life or a Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and certain permitted variable investment option(s). The
permitted variable investment options are described later in this Prospectus.


TYPES OF CONTRACTS. We offer the contracts for use as:

o A nonqualified annuity ("NQ") for after-tax contributions only.


o An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
  IRA") or Roth IRA ("Roth Conversion IRA").

o Traditional and Roth Inherited IRA beneficiary continuation contract
  ("Inherited IRA") (direct transfer and specified direct rollover
  contributions only).

o An annuity that is an investment vehicle for a qualified defined contribution
  plan ("QP") (Rollover and direct transfer contributions only).


o An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
  ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $10,000 is required to purchase a contract.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.


                                                        X01469/Elite '06 Series
                                                                        (R-4/15)





Contents of this Prospectus
- --------------------------------------------------------------------------------


ACCUMULATOR(R) ELITE(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) Elite(SM) at a glance -- key features                         9


- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     15
Condensed financial information                                             19


- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           20
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        20
Owner and annuitant requirements                                            23
How you can make your contributions                                         23
What are your investment options under the contract?                        23
Portfolios of the Trusts                                                    25
Allocating your contributions                                               31
Guaranteed minimum death benefit and
  Guaranteed minimum income benefit base                                    33
Annuity purchase factors                                                    34
Guaranteed minimum income benefit option                                    34
Guaranteed minimum death benefit                                            37
Guaranteed withdrawal benefit for life ("GWBL")                             38
Principal guarantee benefits                                                42
Inherited IRA beneficiary continuation contract                             42
Your right to cancel within a certain number of days                        43


- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        45
- --------------------------------------------------------------------------------
Your account value and cash value                                           45
Your contract's value in the variable investment options                    45
Your contract's value in the guaranteed interest option                     45
Your contract's value in the fixed maturity options                         45
Your contract's value in the account for special dollar cost
   averaging                                                                45
Insufficient account value                                                  45


- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG
   INVESTMENT OPTIONS                                                       47
- --------------------------------------------------------------------------------
Transferring your account value                                             47
Disruptive transfer activity                                                47
Rebalancing your account value                                              48


- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are
issued under group contracts in some states.


2  Contents of this Prospectus



- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     50
- --------------------------------------------------------------------------------
Withdrawing your account value                                              50
How withdrawals are taken from your account value                           52
How withdrawals affect your Guaranteed minimum income
   benefit, Guaranteed minimum death benefit and
     Principal guarantee benefits                                           52
How withdrawals affect your GWBL and
     GWBL Guaranteed minimum death benefit                                  52
Withdrawals treated as surrenders                                           53
Loans under Rollover TSA contracts                                          53
Surrendering your contract to receive its cash value                        54
When to expect payments                                                     54
Your annuity payout options                                                 54


- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     57
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          57
Charges that the Trusts deduct                                              60
Group or sponsored arrangements                                             60
Other distribution arrangements                                             61


- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 62
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     62
Beneficiary continuation option                                             64


- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          66
- --------------------------------------------------------------------------------
Overview                                                                    66
Buying a contract to fund a retirement arrangement                          66
Transfers among investment options                                          66
Taxation of nonqualified annuities                                          66
Individual retirement arrangements (IRAs)                                   68
Tax-Sheltered Annuity contracts (TSAs)                                      78
Federal and state income tax withholding and
  information reporting                                                     82
Special rules for contracts funding qualified plans                         83

Impact on taxes to AXA Equitable                                            83



- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         84
- --------------------------------------------------------------------------------
About our Separate Account No. 49                                           84
About the Trusts                                                            84
About our fixed maturity options                                            84
About the general account                                                   85
About other methods of payment                                              86
Dates and prices at which contract events occur                             86
About your voting rights                                                    87
About legal proceedings                                                     87
Financial statements                                                        87
Transfers of ownership, collateral assignments, loans
  and borrowing                                                             87

About Custodial IRAs                                                        88

Distribution of the contracts                                               88


- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          90
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
I   -- Condensed financial information                                     A-1
II  -- Purchase considerations for QP contracts                            B-1
III -- Market value adjustment example                                     C-1
IV  -- Enhanced death benefit example                                      D-1
V   -- Hypothetical illustrations                                          E-1
VI  -- Earnings enhancement benefit example                                F-1
VII -- State contract availability and/or variations of
        certain features and benefits                                      G-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3




Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.



                                                                 Page in
Term                                                          Prospectus
   6% Roll-Up to age 85                                               33
   account value                                                      45
   administrative charge                                              57
   annual administrative charge                                       57
   Annual Ratchet                                                     40
   Annual Ratchet to age 85 enhanced death benefit                    33
   annuitant                                                          20
   annuitization                                                      54
   annuity maturity date                                              56
   annuity payout options                                             54
   annuity purchase factors                                           34
   automatic investment program                                       86
   AXA Allocation portfolios                                       cover
   beneficiary                                                        62
   Beneficiary continuation option ("BCO")                            64
   benefit base                                                       39
   business day                                                       86
   cash value                                                         45
   charges for state premium and other applicable taxes               60
   contract date                                                      23
   contract date anniversary                                          23
   contract year                                                      23
   contributions to Roth IRAs                                         75
     regular contributions                                            75
     rollovers and direct transfers                                   75
     conversion contributions                                         76
   contributions to traditional IRAs                                  69
     regular contributions                                            69
     rollovers and transfers                                          71
   disability, terminal illness or confinement to nursing home        58
   disruptive transfer activity                                       47
   distribution charge                                                57
   Earnings enhancement benefit                                       37
   Earnings enhancement benefit charge                                59
   EQAccess                                                            7
   ERISA                                                              53
   fixed-dollar option                                                32
   fixed maturity options                                             30
   free look                                                          43
   free withdrawal amount                                             58
   general account                                                    85
   general dollar cost averaging                                      32
   guaranteed interest option                                         30
   Guaranteed minimum death benefit                                   37
   Guaranteed minimum death benefit/guaranteed
     minimum income benefit roll-up benefit base reset option         34
   Guaranteed minimum income benefit                                  34
   Guaranteed minimum income benefit charge                           59
   Guaranteed minimum income benefit "no lapse guarantee"             35
   Guaranteed withdrawal benefit for life                             38
   Guaranteed withdrawal benefit for life charge                      38
   Inherited IRA                                                   cover
   investment options                                              cover

   Investment simplifier                                              32
   IRA                                                             cover
   IRS                                                                66
   lifetime required minimum distribution withdrawals                 51
   loan reserve account                                               53
   loans under rollover TSA                                           53
   market adjusted amount                                             30
   market timing                                                      47
   market value adjustment                                            30
   maturity dates                                                     30
   maturity value                                                     30
   Mortality and expense risks charge                                 57
   NQ                                                              cover
   partial withdrawals                                                50
   permitted variable investment options                              23
   portfolio                                                       cover
   Principal guarantee benefits                                       42
   processing office                                                   7
   QP                                                              cover
   rate to maturity                                                   30
   Rebalancing                                                        33
   Rollover IRA                                                    cover
   Rollover TSA                                                    cover
   Roth Conversion IRA                                             cover
   Roth IRA                                                        cover
   SAI                                                             cover
   SEC                                                             cover
   self-directed allocation                                           31
   Separate Account No. 49                                            84
   special dollar cost averaging                                      31
   Spousal continuation                                               63
   standard death benefit                                             33
   substantially equal withdrawals                                    51
   systematic withdrawals                                             51
   TOPS                                                                7
   TSA                                                             cover
   traditional IRA                                                 cover
   Trusts                                                             84
   unit                                                               45
   variable investment options                                        23
   wire transmittals and electronic applications                      86
   withdrawal charge                                                  58



4  Index of key words and phrases




To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract. Your financial professional can provide further explanation about
your contract or supplemental materials.




- -------------------------------------------------------------------------------------------------------------------------------
Prospectus                               Contract or Supplemental Materials
- -------------------------------------------------------------------------------------------------------------------------------
                                      
fixed maturity options                   Guarantee Periods (Guaranteed Fixed Interest Accounts in supplemental materials)
variable investment options              Investment Funds
account value                            Annuity Account Value
rate to maturity                         Guaranteed Rates
unit                                     Accumulation Unit
Guaranteed minimum death benefit         Guaranteed death benefit
Guaranteed minimum income benefit        Guaranteed Income Benefit
guaranteed interest option               Guaranteed Interest Account
Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
GWBL benefit base                        Guaranteed withdrawal benefit for life benefit base
Guaranteed annual withdrawal             Guaranteed withdrawal benefit for life Annual withdrawal amount
amount
GWBL Excess withdrawal                   Guaranteed withdrawal benefit for life Excess withdrawal
- -------------------------------------------------------------------------------------------------------------------------------

                                              Index of key words and phrases 5




Who is AXA Equitable?

- --------------------------------------------------------------------------------
We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.



6  Who is AXA Equitable?




HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Elite(SM)
P.O. Box 13014
Newark, NJ 07188-0014


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R) Elite(SM)
c/o JPMorgan Chase - Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R) Elite(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS DELIV-
 ERY:
- -------------------------------------------------------------------------------

Accumulator(R) Elite(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094

- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o written confirmation of financial transactions;

o statement of your contract values at the close of each calendar year and any
  calendar quarter in which there was a financial transaction; and


o annual statement of your contract values as of the close of the contract
  year, including notification of eligibility to exercise the Guaranteed
  minimum income benefit and/or the Roll-Up benefit base reset option.



- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o your current account value;

o your current allocation percentages;

o the number of units you have in the variable investment options;

o rates to maturity for the fixed maturity options (not available through
  EQAccess);

o the daily unit values for the variable investment options; and

o performance information regarding the variable investment options (not
  available through TOPS).

You can also:

o change your allocation percentages and/or transfer among the investment
  options;

o elect to receive certain statements electronically;

o change your address (not available through TOPS);

o change your TOPS personal identification number ("PIN") (through TOPS only)
  and your EQAccess password (through EQAccess only); and

o access Frequently Asked Questions and Service Forms (not available through
  TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or the Internet are genuine. For example, we will
require certain personal identification information before we will act on
telephone or Internet instructions and we will provide written confirmation of
your transfers. If we do not employ reasonable procedures to confirm the
genuineness of telephone or Internet instructions, we may be liable for any
losses arising out of any act or omission that constitutes negligence, lack of
good faith, or willful misconduct. In light of our procedures, we will not be
liable for following telephone or Internet instructions we reasonably believe
to be genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).


                                                        Who is AXA Equitable?  7





- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern time.


WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts and
     contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;


(14) requests to reset your Roll-Up benefit base (for contracts that have both
     the Guaranteed minimum income benefit and the Greater of 6% Roll-Up to age
     85 or Annual Ratchet to age 85 enhanced death benefit);


(15) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(16) death claims;

(17) change in ownership (NQ only);

(18) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL"); and

(19) requests to reset the guaranteed minimum value for contracts with a
     Principal guarantee benefit.


WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6)  special dollar cost averaging.


TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  special dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.


SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners both must sign.



8  Who is AXA Equitable?




Accumulator(R) Elite(SM) at a glance -- key features



- ------------------------------------------------------------------------------------------------------------------------------------
                          
Professional investment      Accumulator(R) Elite(SM)'s variable investment options invest in different portfolios managed by
management                   professional management investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options       o Fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years
                               (subject to availability).

                             o Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                               maturity.
                             -------------------------------------------------------------------------------------------------------
                             If you make withdrawals or transfers from a fixed maturity option before maturity, there will be
                             a market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                             portion of a fixed maturity amount, this may increase or decrease any value that you have left in that
                             fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest          o Principal and interest guarantees.
option
                             o Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
Account for special dollar   Available for dollar cost averaging all or a portion of any eligible contribution to your contract.
cost averaging
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations           o No tax on earnings inside the contract until you make withdrawals from your contract or receive
                               annuity payments.

                             o No tax on transfers among investment options inside the contract.
                             -------------------------------------------------------------------------------------------------------
                             If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax Sheltered
                             Annuity (TSA) or to fund an employer retirement plan (QP or Qualified Plan), you should be aware that
                             such annuities do not provide tax deferral benefits beyond those already provided by the Internal
                             Revenue Code. Before purchasing one of these annuities, you should consider whether its features and
                             benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative
                             features, benefits and costs of these annuities compared with any other investment that you may use in
                             connection with your retirement plan or arrangement. Depending on your personal situation, the
                             contract's guaranteed benefits may have limited usefulness because of required minimum distributions
                             ("RMDs").
- -----------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum           The Guaranteed minimum income benefit provides income protection for you during your life once
income benefit                you elect to income benefit annuitize the contract.
- -----------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal        The Guaranteed withdrawal benefit for life option ("GWBL") guarantees that you can take
benefit for life             withdrawals up to a benefit for life maximum amount each contract year (your "Guaranteed annual
                             withdrawal amount") beginning at age 45 or later. Withdrawals are taken from your account value and
                             continue during your lifetime even if your account value falls to zero (unless it is caused by a
                             withdrawal that exceeds your Guaranteed annual withdrawal amount).
- -----------------------------------------------------------------------------------------------------------------------------------
Contribution amounts         o Initial minimum:      $10,000
                             o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                     $100 monthly and $300 quarterly under our automatic investment program
                                                     (NQ contracts)
                                                     $1,000 (Inherited IRA contracts)
                                                     $50 (IRA contracts)

                             Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                             ($500,000 for owners or annuitants who are age 81 and older at contract issue unless you elect GWBL)
                             under all Accumulator(R) series contracts with the same owner or annuitant. We reserve the right to
                             limit aggregate contributions made after the first contract year to 150% of first-year contributions.
                             See "How you can purchase and contribute to your contract" in "Contract features and benefits" later in
                             this Prospectus.
- -----------------------------------------------------------------------------------------------------------------------------------



                          Accumulator(R) Elite(SM) at a glance -- key features 9







- ------------------------------------------------------------------------------------------------------------------------------------
                         
Access to your money        o Partial withdrawals

                            o Several withdrawal options on a periodic basis

                            o Loans under Rollover TSA contracts

                            o Contract surrender

                            o Maximum payment plan (only under contracts with GWBL)

                            o Customized payment plan (only under contracts with GWBL)

                            You may incur a withdrawal charge for certain withdrawals or if you surrender your contract. You may
                            also incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional
                            benefits.
- -----------------------------------------------------------------------------------------------------------------------------------
Payout options              o Fixed annuity payout options

                            o Variable Immediate Annuity payout options (described in a separate prospectus for that option)

                            o Income Manager(SM) payout options (described in a separate prospectus for that option)
- -----------------------------------------------------------------------------------------------------------------------------------
Additional features         o Guaranteed minimum death benefit options

                            o Principal guarantee benefits

                            o Dollar cost averaging

                            o Automatic investment program

                            o Account value rebalancing (quarterly, semiannually, and annually)

                            o Free transfers

                            o Waiver of withdrawal charge for disability, terminal illness, confinement to a nursing home and
                              certain other withdrawals

                            o Earnings enhancement benefit, an optional death benefit available under certain contracts

                            o Spousal continuation

                            o Beneficiary continuation option

                            o Guaranteed minimum death benefit/Guaranteed minimum income benefit roll-up benefit base reset
- -----------------------------------------------------------------------------------------------------------------------------------
Fees and charges            Please see "Fee table" later in this section for complete details.
- -----------------------------------------------------------------------------------------------------------------------------------
Owner and annuitant issue   NQ: 0-85
ages                        Rollover IRA, Roth Conversion
                            IRA and Rollover TSA: 20-85
                            Inherited IRA: 0-70
                            QP: 20-75
- -----------------------------------------------------------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply.  Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.

Other contracts


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.


You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance. Some selling broker-dealers may limit their clients from purchasing
optional benefits based upon the client's age.


10 Accumulator(R) Elite(SM) at a glance -- key features





Fee table


- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your
cash value to certain payout options or if you purchase a Variable Immediate
Annuity. Charges designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state, may also apply.

- --------------------------------------------------------------------------------
Charges we deduct from your account value at the time you request certain
transactions
- --------------------------------------------------------------------------------
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain
withdrawals or apply your cash value to certain payout options).(1)        8.00%
Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                     $350
- --------------------------------------------------------------------------------

The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the underlying trust
portfolio fees and expenses.

- -------------------------------------------------------------------------------
Charges we deduct from your account value on each contract date anniversary
- --------------------------------------------------------------------------------
Maximum annual administrative charge(2)
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                              $ 30
   If your account value on a contract date anniversary is $50,000
   or more
                                                                           $  0
- -------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual
percentage of daily net assets
- --------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                                1.10%
Administrative                                                             0.30%
Distribution                                                               0.25%
                                                                           ----
Total Separate account annual expenses                                     1.65%
- --------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect any of the
following optional benefits
- --------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)
   Standard death benefit and GWBL Standard death benefit                  0.00%
   Annual Ratchet to age 85                                                0.25%
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85             0.60%
   GWBL Enhanced death benefit                                             0.30%
- --------------------------------------------------------------------------------
Principal guarantee benefits charge (calculated as a percentage
of the account value. Deducted annually(2) on each contract date anni-
versary for which the benefit is in effect.)
   100% Principal guarantee benefit                                        0.50%
   125% Principal guarantee benefit                                        0.75%
- --------------------------------------------------------------------------------
Guaranteed minimum income benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)             0.65%
- --------------------------------------------------------------------------------
Earnings enhancement benefit charge (calculated as a percent-
age of the account value. Deducted annually(2) on each contract date
anniversary for which the benefit is in effect.)                           0.35%
- --------------------------------------------------------------------------------


                                                                   Fee table 11




- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Guaranteed withdrawal benefit for life benefit charge(2) (cal-                             0.60% for the Single Life option
culated as a percentage of the GWBL benefit base. Deducted annually                        0.75% for the Joint Life option
on each contract date anniversary.)

If your GWBL benefit base ratchets, we reserve the right to increase                       0.75% for the Single Life option
your charge up to:                                                                         0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life" in "Contract features and benefits" for more information about this feature,
including its benefit base and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life benefit charge" in
"Charges and expenses," both later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Net loan interest charge - Rollover TSA contracts only (calcu-
lated and deducted daily as a percentage of the outstanding loan
amount)                                                                                    2.00%(4)
- -----------------------------------------------------------------------------------------------------------------------------------


You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.



- -----------------------------------------------------------------------------------------------------------------------------------
 Portfolio operating expenses expressed as an annual percentage of daily net assets
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or  ------     -------
                                                                                   0.63%      3.15%







This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    Acquired
                                                                                      Fund
                                                                                    Fees and     Total      Fee Waiv-    Net Total
                                                                                    Expenses     Annual       ers         Annual
                                                                                   (Underly-    Expenses     and/or       Expenses
                                                        Manage-           Other       ing       (Before     Expense       (After
                                                         ment     12b-1  Expenses   Portfo-     Expense    Reimburse-     Expense
 Portfolio Name                                          Fees(6  Fees(7)   (8)      lios)(9)  Limitations)  ments(10)   Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                     
AXA Aggressive Allocation                                 0.10%  0.25%   0.18%     0.91%       1.44%         (0.18)%      1.26%
AXA Conservative Allocation                               0.10%  0.25%   0.22%     0.67%       1.24%         (0.22)%      1.02%
AXA Conservative-Plus Allocation                          0.10%  0.25%   0.18%     0.72%       1.25%         (0.18)%      1.07%
AXA Moderate Allocation                                   0.10%  0.25%   0.17%     0.78%       1.30%         (0.17)%      1.13%
AXA Moderate-Plus Allocation                              0.10%  0.25%   0.17%     0.85%       1.37%         (0.17)%      1.20%
Multimanager Aggressive Equity *                          0.61%  0.25%   0.19%       --        1.05%            --        1.05%
Multimanager Core Bond*                                   0.59%  0.25%   0.18%       --        1.02%         (0.07)%      0.95%
Multimanager Health Care*                                 1.20%  0.25%   0.23%       --        1.68%          0.00%       1.68%
Multimanager High Yield*                                  0.58%  0.25%   0.18%       --        1.01%            --        1.01%
Multimanager International Equity*                        1.02%  0.25%   0.26%       --        1.53%          0.00%       1.53%
Multimanager Large Cap Core Equity*                       0.90%  0.25%   0.20%       --        1.35%          0.00%       1.35%
Multimanager Large Cap Growth*                            0.90%  0.25%   0.22%       --        1.37%         (0.02)%      1.35%
Multimanager Large Cap Value*                             0.88%  0.25%   0.22%       --        1.35%          0.00%       1.35%
Multimanager Mid Cap Growth*                              1.10%  0.25%   0.20%     0.01%       1.56%          0.00%       1.56%
Multimanager Mid Cap Value*                               1.10%  0.25%   0.21%     0.03%       1.59%          0.00%       1.59%
Multimanager Technology *                                 1.20%  0.25%   0.23%       --        1.68%          0.00%       1.68%
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%  0.25%   0.13%       --        0.85%            --        0.85%
EQ/AllianceBernstein Growth and Income++                  0.56%  0.25%   0.12%       --        0.93%            --        0.93%
EQ/AllianceBernstein Intermediate Government Securities   0.50%  0.25%   0.14%       --        0.89%            --        0.89%
EQ/AllianceBernstein International                        0.71%  0.25%   0.20%       --        1.16%         (0.06)%      1.10%
EQ/AllianceBernstein Large Cap Growth                     0.90%  0.25%   0.11%       --        1.26%         (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond                         0.50%  0.25%   0.14%       --        0.89%            --        0.89%
EQ/AllianceBernstein Small Cap Growth                     0.74%  0.25%   0.13%       --        1.12%            --        1.12%
EQ/AllianceBernstein Value                                0.60%  0.25%   0.13%       --        0.98%         (0.03)%      0.95%
EQ/Ariel Appreciation II                                  0.75%  0.25%   0.51%       --        1.51%         (0.36)%      1.15%



12 Fee table






- ------------------------------------------------------------------------------------------------------------------------------------
                                                                             Acquired
                                                                               Fund
                                                                             Fees and        Total      Fee Waiv-    Net Total
                                                                             Expenses      Annual          ers         Annual
                                                                            (Underly-     Expenses       and/or       Expenses
                                            Manage-              Other         ing         (Before       Expense       (After
                                             ment      12b-1    Expenses     Portfo-       Expense     Reimburse-     Expense
 Portfolio Name                             Fees(6)   Fees(7)     (8)        lios)(9)   Limitations)    ments(10)   Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    
EQ/AXA Rosenberg Value Long/Short Equity    1.40%      0.25%     1.44%       --              3.09%          (1.10)%      1.99%
EQ/BlackRock Basic Value Equity*            0.55%      0.25%     0.14%       --              0.94%           0.00%       0.94%
EQ/BlackRock International Value*           0.82%      0.25%     0.21%       --              1.28%          (0.03)%      1.25%
EQ/Boston Advisors Equity Income            0.75%      0.25%     0.15%       --              1.15%          (0.10)%      1.05%
EQ/Calvert Socially Responsible             0.65%      0.25%     0.25%       --              1.15%          (0.10)%      1.05%
EQ/Capital Guardian Growth                  0.65%      0.25%     0.16%       --              1.06%          (0.11)%      0.95%
EQ/Capital Guardian International+          0.83%      0.25%     0.21%       --              1.29%          (0.09)%      1.20%
EQ/Capital Guardian Research                0.65%      0.25%     0.13%       --              1.03%          (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++           0.64%      0.25%     0.14%       --              1.03%          (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond           0.60%      0.25%     0.18%       --              1.03%          (0.03)%      1.00%
EQ/Davis New York Venture                   0.85%      0.25%     0.74%       --              1.84%          (0.54)%      1.30%
EQ/Equity 500 Index                         0.25%      0.25%     0.13%       --              0.63%             --        0.63%
EQ/Evergreen International Bond             0.70%      0.25%     0.23%       --              1.18%          (0.03)%      1.15%
EQ/Evergreen Omega                          0.65%      0.25%     0.21%       --              1.11%           0.00%       1.11%
EQ/FI Mid Cap                               0.68%      0.25%     0.15%       --              1.08%          (0.08)%      1.00%
EQ/FI Mid Cap Value+                        0.73%      0.25%     0.13%       --              1.11%          (0.01)%      1.10%
EQ/Franklin Income                          0.90%      0.25%     0.38%       --              1.53%          (0.23)%      1.30%
EQ/Franklin Small Cap Value                 0.90%      0.25%     2.00%       --              3.15%          (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**   0.05%      0.25%     0.21%     1.07%             1.58%          (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions           0.90%      0.25%     0.33%       --              1.48%          (0.03)%      1.45%
EQ/GAMCO Small Company Value                0.78%      0.25%     0.14%       --              1.17%           0.00%       1.17%
EQ/International Growth                     0.85%      0.25%     0.35%       --              1.45%           0.00%       1.45%
EQ/Janus Large Cap Growth++                 0.90%      0.25%     0.15%       --              1.30%          (0.15)%      1.15%
EQ/JPMorgan Core Bond                       0.44%      0.25%     0.15%       --              0.84%           0.00%       0.84%
EQ/JPMorgan Value Opportunities             0.60%      0.25%     0.16%       --              1.01%          (0.06)%      0.95%
EQ/Legg Mason Value Equity                  0.65%      0.25%     0.22%       --              1.12%          (0.12)%      1.00%
EQ/Long Term Bond                           0.43%      0.25%     0.15%       --              0.83%           0.00%       0.83%
EQ/Lord Abbett Growth and Income            0.65%      0.25%     0.26%       --              1.16%          (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core               0.65%      0.25%     0.41%       --              1.31%          (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                0.70%      0.25%     0.18%       --              1.13%          (0.08)%      1.05%
EQ/Marsico Focus                            0.85%      0.25%     0.13%       --              1.23%          (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+           0.65%      0.25%     0.15%       --              1.05%             --        1.05%
EQ/MFS Investors Trust+                     0.60%      0.25%     0.16%       --              1.01%          (0.06)%      0.95%
EQ/Money Market                             0.33%      0.25%     0.14%       --              0.72%             --        0.72%
EQ/Montag & Caldwell Growth                 0.75%      0.25%     0.16%       --              1.16%          (0.01)%      1.15%
EQ/Mutual Shares                            0.90%      0.25%     0.50%       --              1.65%          (0.35)%      1.30%
EQ/Oppenheimer Global                       0.95%      0.25%     1.30%     0.01%             2.51%          (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity      0.85%      0.25%     1.58%       --              2.68%          (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap        0.90%      0.25%     1.48%       --              2.63%          (1.33)%      1.30%
EQ/PIMCO Real Return                        0.55%      0.25%     0.18%       --              0.98%          (0.08)%      0.90%
EQ/Short Duration Bond                      0.43%      0.25%     0.14%       --              0.82%           0.00%       0.82%
EQ/Small Cap Value+                         0.73%      0.25%     0.15%       --              1.13%          (0.03)%      1.10%
EQ/Small Company Growth+                    1.00%      0.25%     0.17%       --              1.42%          (0.12)%      1.30%
EQ/Small Company Index                      0.25%      0.25%     0.16%     0.01%             0.67%           0.00%       0.67%
EQ/TCW Equity++                             0.80%      0.25%     0.16%       --              1.21%          (0.06)%      1.15%
EQ/Templeton Growth                         0.95%      0.25%     0.64%       --              1.84%          (0.49)%      1.35%
EQ/UBS Growth and Income                    0.75%      0.25%     0.17%       --              1.17%          (0.12)%      1.05%
EQ/Van Kampen Comstock                      0.65%      0.25%     0.19%       --              1.09%          (0.09)%      1.00%
EQ/Van Kampen Emerging Markets Equity       1.12%      0.25%     0.40%       --              1.77%           0.00%       1.77%
EQ/Van Kampen Mid Cap Growth                0.70%      0.25%     0.23%       --              1.18%          (0.13)%      1.05%
EQ/Wells Fargo Montgomery Small Cap++       0.85%      0.25%     0.41%       --              1.51%          (0.21)%      1.30%
- ------------------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              0.74%      0.35%     0.27%       --              1.36%          (0.10)%      1.26%
- ------------------------------------------------------------------------------------------------------------------------------------




                                                                    Fee table 13




*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "Contract features and benefits" later in this Prospectus for the investment
   option's former name.
** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.
 + This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.
++ Please see the supplement included with this Prospectus regarding the planned
   substitution or merger of this Portfolio.

Notes:


(1) Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
    amount, if applicable


                                                                                             
     The withdrawal charge percentage we use is determined by the contract year in which        Contract
     you make the withdrawal or surrender your contract. For each contribution, we consider     Year
     the contract year in which we receive that contribution to be "contract year 1")            1 ..................8.00%
                                                                                                 2 ..................7.00%
                                                                                                 3 ..................6.00%
                                                                                                 4 ..................5.00%
                                                                                                 5+..................0.00%


(2) If the contract is surrendered or annuitized or a death benefit is paid on
    any date other than the contract date anniversary, we will deduct a pro rata
    portion of the charge for that year.

(3) During the first two contract years this charge, if applicable, is equal to
    the lesser of $30 or 2% of your account value. Thereafter, if applicable,
    the charge is $30 for each contract year.

(4) We charge interest on loans under Rollover TSA contracts but also credit you
    interest on your loan reserve account. Our net loan interest charge is
    determined by the excess between the interest rate we charge over the
    interest rate we credit. See "Loans under Rollover TSA contracts" later in
    this Prospectus for more information on how the loan interest is calculated
    and for restrictions that may apply.

(5) "Total Annual Portfolio Operating Expenses" are based, in part, on estimated
    amounts for options added during the fiscal year 2006 and for the underlying
    portfolios.



(6) The management fees for each Portfolio cannot be increased without a vote of
    that Portfolio's shareholders. See footnote (10) for any expense limitation
    agreement information.

(7) Portfolio shares are all subject to fees imposed under the distribution
    plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
    under the Investment Company Act of 1940.


(8) Other expenses shown are those incurred in 2006. The amounts shown as
    "Other Expenses" will fluctuate from year to year depending on actual
    expenses. See footnote (10) for any expense limitation agreement
    information.

(9) Each of these variable investment options invests in a corresponding
    portfolio of one of the Trusts or other unaffiliated investment companies.
    Each portfolio, in turn, invests in shares of other portfolios of the
    Trusts and/or shares of unaffiliated portfolios ("the underlying
    portfolios"). Amounts shown reflect each portfolio's pro rata share of the
    fees and expenses of the underlying portfolios in which it invests. The
    fees and expenses are based on the respective weighted investment
    allocations as of 12/31/06. A "--" indicates that the listed portfolio does
    not invest in underlying portfolios.

(10)The amounts shown reflect any fee waivers and/or expense reimbursements
    that applied to each Portfolio. A"--" indicates that there is no expense
    limitation in effect. "0.00%" indicates that the expense limitation
    arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
    the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
    entered into expense limitation agreements with respect to certain
    Portfolios, which are effective through April 30, 2008. Under these
    agreements, AXA Equitable has agreed to waive or limit its fees and assume
    other expenses of certain Portfolios, if necessary, in an amount that limits
    each affected Portfolio's Total Annual Expenses (exclusive of interest,
    taxes, brokerage commissions, capitalized expenditures, expenses of the
    underlying portfolios in which the Portfolios invests and extraordinary
    expenses) to not more than specified amounts. Therefore, each Portfolio may
    at a later date make a reimbursement to AXA Equitable for any of the
    management fees waived or limited and other expenses assumed and paid by AXA
    Equitable pursuant to the expense limitation agreements provided that the
    Portfolio's current annual operating expenses do not exceed the operating
    expense limit determined for such Portfolio. Morgan Stanley Investment
    Management Inc., which does business in certain instances as "Van Kampen,"
    is the manager of The Universal Institutional Funds, Inc. -- U.S. Real
    Estate Portfolio -- Class II and has voluntarily agreed to reduce its
    management fee and/or reimburse the Portfolio so that total annual operating
    expenses of the Portfolio (exclusive of investment related expenses, such as
    foreign country tax expense and interest expense on amounts borrowed) are
    not more than specified amounts. Additionally, the distributor of The
    Universal Institutional Funds, Inc. has agreed to waive a portion of the
    12b-1 fee for Class II shares. Van Kampen and/or the fund's distributor
    reserves the right to terminate any waiver and/or reimbursement at any time
    without notice. See the prospectus for each applicable underlying Trust for
    more information about the arrangements. In addition, a portion of the
    brokerage commissions of certain Portfolios of AXA Premier VIP Trust and EQ
    Advisors Trust is used to reduce the applicable Portfolio's expenses. If the
    above table reflected both the expense limitation arrangements, plus the
    portion of the brokerage commissions used to reduce portfolio expenses, the
    net expenses would be as shown in the table below:

- -----------------------------------------------------------------------------
 Portfolio Name
- -----------------------------------------------------------------------------
Multimanager Aggressive Equity                                 1.03%
- -----------------------------------------------------------------------------
Multimanager Health Care                                       1.63%
- -----------------------------------------------------------------------------
Multimanager International Equity                              1.52%
- -----------------------------------------------------------------------------
Multimanager Large Cap Core Equity                             1.33%
- -----------------------------------------------------------------------------
Multimanager Large Cap Growth                                  1.33%
- -----------------------------------------------------------------------------
Multimanager Large Cap Value                                   1.31%
- -----------------------------------------------------------------------------
Multimanager Mid Cap Growth                                    1.52%
- -----------------------------------------------------------------------------
Multimanager Mid Cap Value                                     1.58%
- -----------------------------------------------------------------------------
Multimanager Technology                                        1.64%
- -----------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                              0.83%
- -----------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income                         0.92%
- -----------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth                          1.03%
- -----------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth                          1.11%
- -----------------------------------------------------------------------------
EQ/AllianceBernstein Value                                     0.94%
- -----------------------------------------------------------------------------
EQ/Ariel Appreciation II                                       1.01%
- -----------------------------------------------------------------------------
EQ/BlackRock Basic Value Equity                                0.93%
- -----------------------------------------------------------------------------
EQ/Capital Guardian Growth                                     0.94%
- -----------------------------------------------------------------------------
EQ/Capital Guardian Research                                   0.94%
- -----------------------------------------------------------------------------
EQ/Capital Guardian U.S. Equity                                0.94%
- -----------------------------------------------------------------------------
EQ/Davis New York Venture                                      1.27%
- -----------------------------------------------------------------------------
EQ/Evergreen Omega                                             1.05%
- -----------------------------------------------------------------------------
EQ/FI Mid Cap                                                  0.97%
- -----------------------------------------------------------------------------
EQ/FI Mid Cap Value                                            1.09%
- -----------------------------------------------------------------------------


14 Fee table



- --------------------------------------------------------------------------------
   Portfolio Name
- --------------------------------------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions                           1.37%
- --------------------------------------------------------------------------------
   EQ/GAMCO Small Company Value                                1.16%
- --------------------------------------------------------------------------------
   EQ/Janus Large Cap Growth                                   1.14%
- --------------------------------------------------------------------------------
   EQ/Legg Mason Value Equity                                  0.97%
- --------------------------------------------------------------------------------
   EQ/Lord Abbett Growth and Income                            0.99%
- --------------------------------------------------------------------------------
   EQ/Lord Abbett Large Cap Core                               0.99%
- --------------------------------------------------------------------------------
   EQ/Marsico Focus                                            1.14%
- --------------------------------------------------------------------------------
   EQ/MFS Emerging Growth Companies                            1.03%
- --------------------------------------------------------------------------------
   EQ/MFS Investors Trust                                      0.94%
- --------------------------------------------------------------------------------
   EQ/Montag & Caldwell Growth                                 1.13%
- --------------------------------------------------------------------------------
   EQ/Mutual Shares                                            1.30%
- --------------------------------------------------------------------------------
   EQ/Small Cap Value                                          1.02%
- --------------------------------------------------------------------------------
   EQ/UBS Growth and Income                                    1.03%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Comstock                                      0.99%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Emerging Markets Equity                       1.75%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Mid Cap Growth                                1.01%
- --------------------------------------------------------------------------------
   EQ/Wells Fargo Montgomery Small Cap                         1.20%
- --------------------------------------------------------------------------------


EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the Greater of 6%
Roll-Up to age 85 or the Annual Ratchet to age 85 and the Earnings enhancement
benefit with either the Guaranteed minimum income benefit or the 125% Principal
guarantee benefit) would pay in the situations illustrated. Each value in the
expense example was calculated with the Guaranteed minimum income benefit
except for the AXA Moderate Allocation portfolio. The AXA Moderate Allocation
portfolio is calculated with either the Guaranteed minimum income benefit or
the 125% Principal guarantee benefit depending on which benefit yielded the
higher expenses. The example uses an average annual administrative charge based
on the charges paid in 2006, which results in an estimated administrative
charge of 0.008% of contract value.


The fixed maturity options, guaranteed interest option and the account for
special dollar cost averaging are not covered by the fee table and example.
However, the annual administrative charge, the withdrawal charge, the charge
for any optional benefits and the charge if you elect a Variable Immediate
Annuity payout option do apply to the fixed maturity options, guaranteed
interest option and the account for special dollar cost averaging. A market
value adjustment (up or down) may apply as a result of a withdrawal, transfer,
or surrender of amounts from a fixed maturity option.

The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance.

Although your actual costs may be higher or lower, based on these assumptions,
your costs would be:

                                                                    Fee table 15








- ----------------------------------------------------------------------------------------------------------------
                                                   If you surrender your contract at the end of the
                                                                applicable time period
- ----------------------------------------------------------------------------------------------------------------
                                              1 year        3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------------------------
 AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------------------------
                                                                               
AXA Aggressive Allocation                     $ 1,295.00     $ 2,109.00     $ 2,557.00     $ 5,338.00
AXA Conservative Allocation                   $ 1,274.00     $ 2,048.00     $ 2,459.00     $ 5,164.00
AXA Conservative-Plus Allocation              $ 1,275.00     $ 2,051.00     $ 2,464.00     $ 5,172.00
AXA Moderate Allocation                       $ 1,290.00     $ 2,082.00     $ 2,492.00     $ 5,216.00
AXA Moderate-Plus Allocation                  $ 1,287.00     $ 2,087.00     $ 2,523.00     $ 5,277.00
Multimanager Aggressive Equity*               $ 1,254.00     $ 1,990.00     $ 2,366.00     $ 4,994.00
Multimanager Core Bond*                       $ 1,251.00     $ 1,981.00     $ 2,351.00     $ 4,967.00
Multimanager Health Care*                     $ 1,320.00     $ 2,181.00     $ 2,673.00     $ 5,543.00
Multimanager High Yield*                      $ 1,250.00     $ 1,978.00     $ 2,346.00     $ 4,958.00
Multimanager International Equity*            $ 1,304.00     $ 2,136.00     $ 2,601.00     $ 5,416.00
Multimanager Large Cap Core Equity*           $ 1,285.00     $ 2,081.00     $ 2,513.00     $ 5,260.00
Multimanager Large Cap Growth*                $ 1,287.00     $ 2,087.00     $ 2,523.00     $ 5,277.00
Multimanager Large Cap Value*                 $ 1,285.00     $ 2,081.00     $ 2,513.00     $ 5,260.00
Multimanager Mid Cap Growth*                  $ 1,307.00     $ 2,145.00     $ 2,615.00     $ 5,441.00
Multimanager Mid Cap Value*                   $ 1,310.00     $ 2,154.00     $ 2,630.00     $ 5,467.00
Multimanager Technology*                      $ 1,320.00     $ 2,181.00     $ 2,673.00     $ 5,543.00
- ----------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,233.00     $ 1,928.00     $ 2,266.00     $ 4,812.00
EQ/AllianceBernstein Growth and Income++      $ 1,241.00     $ 1,953.00     $ 2,306.00     $ 4,885.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 1,237.00     $ 1,941.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein International            $ 1,265.00     $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/AllianceBernstein Large Cap Growth         $ 1,276.00     $ 2,054.00     $ 2,469.00     $ 5,181.00
EQ/AllianceBernstein Quality Bond             $ 1,237.00     $ 1,941.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein Small Cap Growth         $ 1,261.00     $ 2,011.00     $ 2,400.00     $ 5,057.00
EQ/AllianceBernstein Value                    $ 1,246.00     $ 1,968.00     $ 2,331.00     $ 4,931.00
EQ/Ariel Appreciation II                      $ 1,302.00     $ 2,130.00     $ 2,591.00     $ 5,398.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 1,468.00     $ 2,601.00     $ 3,330.00     $ 6,644.00
EQ/BlackRock Basic Value Equity*              $ 1,242.00     $ 1,956.00     $ 2,311.00     $ 4,894.00
EQ/BlackRock International Value*             $ 1,278.00     $ 2,060.00     $ 2,479.00     $ 5,199.00
EQ/Boston Advisors Equity Income              $ 1,264.00     $ 2,020.00     $ 2,415.00     $ 5,084.00
EQ/Calvert Socially Responsible               $ 1,264.00     $ 2,020.00     $ 2,415.00     $ 5,084.00
EQ/Capital Guardian Growth                    $ 1,255.00     $ 1,993.00     $ 2,371.00     $ 5,003.00
EQ/Capital Guardian International+            $ 1,279.00     $ 2,063.00     $ 2,484.00     $ 5,208.00
EQ/Capital Guardian Research                  $ 1,252.00     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Capital Guardian U.S. Equity++             $ 1,252.00     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Caywood-Scholl High Yield Bond             $ 1,252.00     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Davis New York Venture                     $ 1,337.00     $ 2,230.00     $ 2,750.00     $ 5,676.00
EQ/Equity 500 Index                           $ 1,210.00     $ 1,861.00     $ 2,156.00     $ 4,607.00
EQ/Evergreen International Bond               $ 1,267.00     $ 2,030.00     $ 2,430.00     $ 5,110.00
EQ/Evergreen Omega                            $ 1,260.00     $ 2,008.00     $ 2,395.00     $ 5,048.00
- ----------------------------------------------------------------------------------------------------------------



- -------------------------------------------------------------------------------------------------------
                                                If you annuitize at the end of the applicable time
                                              period and select a non-life contingent period certain
                                                     annuity option with less than five years
- -------------------------------------------------------------------------------------------------------
                                              1 year    3 years        5 years        10 years
- -------------------------------------------------------------------------------------------------------
 AXA PREMIER VIP TRUST:
- -------------------------------------------------------------------------------------------------------
                                                                          
AXA Aggressive Allocation                       N/A     $ 2,109.00     $ 2,557.00     $ 5,338.00
AXA Conservative Allocation                     N/A     $ 2,048.00     $ 2,459.00     $ 5,164.00
AXA Conservative-Plus Allocation                N/A     $ 2,051.00     $ 2,464.00     $ 5,172.00
AXA Moderate Allocation                         N/A     $ 2,082.00     $ 2,492.00     $ 5,216.00
AXA Moderate-Plus Allocation                    N/A     $ 2,087.00     $ 2,523.00     $ 5,277.00
Multimanager Aggressive Equity*                 N/A     $ 1,990.00     $ 2,366.00     $ 4,994.00
Multimanager Core Bond*                         N/A     $ 1,981.00     $ 2,351.00     $ 4,967.00
Multimanager Health Care*                       N/A     $ 2,181.00     $ 2,673.00     $ 5,543.00
Multimanager High Yield*                        N/A     $ 1,978.00     $ 2,346.00     $ 4,958.00
Multimanager International Equity*              N/A     $ 2,136.00     $ 2,601.00     $ 5,416.00
Multimanager Large Cap Core Equity*             N/A     $ 2,081.00     $ 2,513.00     $ 5,260.00
Multimanager Large Cap Growth*                  N/A     $ 2,087.00     $ 2,523.00     $ 5,277.00
Multimanager Large Cap Value*                   N/A     $ 2,081.00     $ 2,513.00     $ 5,260.00
Multimanager Mid Cap Growth*                    N/A     $ 2,145.00     $ 2,615.00     $ 5,441.00
Multimanager Mid Cap Value*                     N/A     $ 2,154.00     $ 2,630.00     $ 5,467.00
Multimanager Technology*                        N/A     $ 2,181.00     $ 2,673.00     $ 5,543.00
- ------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 1,928.00     $ 2,266.00     $ 4,812.00
EQ/AllianceBernstein Growth and Income++        N/A     $ 1,953.00     $ 2,306.00     $ 4,885.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     N/A     $ 1,941.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein International              N/A     $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 2,054.00     $ 2,469.00     $ 5,181.00
EQ/AllianceBernstein Quality Bond               N/A     $ 1,941.00     $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 2,011.00     $ 2,400.00     $ 5,057.00
EQ/AllianceBernstein Value                      N/A     $ 1,968.00     $ 2,331.00     $ 4,931.00
EQ/Ariel Appreciation II                        N/A     $ 2,130.00     $ 2,591.00     $ 5,398.00
EQ/AXA Rosenberg Value Long/Short Equity        N/A     $ 2,601.00     $ 3,330.00     $ 6,644.00
EQ/BlackRock Basic Value Equity*                N/A     $ 1,956.00     $ 2,311.00     $ 4,894.00
EQ/BlackRock International Value*               N/A     $ 2,060.00     $ 2,479.00     $ 5,199.00
EQ/Boston Advisors Equity Income                N/A     $ 2,020.00     $ 2,415.00     $ 5,084.00
EQ/Calvert Socially Responsible                 N/A     $ 2,020.00     $ 2,415.00     $ 5,084.00
EQ/Capital Guardian Growth                      N/A     $ 1,993.00     $ 2,371.00     $ 5,003.00
EQ/Capital Guardian International+              N/A     $ 2,063.00     $ 2,484.00     $ 5,208.00
EQ/Capital Guardian Research                    N/A     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Capital Guardian U.S. Equity++               N/A     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 1,984.00     $ 2,356.00     $ 4,976.00
EQ/Davis New York Venture                       N/A     $ 2,230.00     $ 2,750.00     $ 5,676.00
EQ/Equity 500 Index                             N/A     $ 1,861.00     $ 2,156.00     $ 4,607.00
EQ/Evergreen International Bond                 N/A     $ 2,030.00     $ 2,430.00     $ 5,110.00
EQ/Evergreen Omega                              N/A     $ 2,008.00     $ 2,395.00     $ 5,048.00



- ---------------------------------------------------------------------------------------------------------
                                               If you do not surrender your contract at the end of the
                                                             applicable time period
- ---------------------------------------------------------------------------------------------------------
                                             1 year       3 years              5 years        10 years
- ---------------------------------------------------------------------------------------------------------
 AXA PREMIER VIP TRUST:
- ---------------------------------------------------------------------------------------------------------
                                                                              
AXA Aggressive Allocation                    $ 495.00     $ 1,509.00       $ 2,557.00     $ 5,338.00
AXA Conservative Allocation                  $ 474.00     $ 1,448.00       $ 2,459.00     $ 5,164.00
AXA Conservative-Plus Allocation             $ 475.00     $ 1,451.00       $ 2,464.00     $ 5,172.00
AXA Moderate Allocation                      $ 490.00     $ 1,482.00       $ 2,492.00     $ 5,216.00
AXA Moderate-Plus Allocation                 $ 487.00     $ 1,487.00       $ 2,523.00     $ 5,277.00
Multimanager Aggressive Equity*              $ 454.00     $ 1,390.00       $ 2,366.00     $ 4,994.00
Multimanager Core Bond*                      $ 451.00     $ 1,381.00       $ 2,351.00     $ 4,967.00
Multimanager Health Care*                    $ 520.00     $ 1,581.00       $ 2,673.00     $ 5,543.00
Multimanager High Yield*                     $ 450.00     $ 1,378.00       $ 2,346.00     $ 4,958.00
Multimanager International Equity*           $ 504.00     $ 1,536.00       $ 2,601.00     $ 5,416.00
Multimanager Large Cap Core Equity*          $ 485.00     $ 1,481.00       $ 2,513.00     $ 5,260.00
Multimanager Large Cap Growth*               $ 487.00     $ 1,487.00       $ 2,523.00     $ 5,277.00
Multimanager Large Cap Value*                $ 485.00     $ 1,481.00       $ 2,513.00     $ 5,260.00
Multimanager Mid Cap Growth*                 $ 507.00     $ 1,545.00       $ 2,615.00     $ 5,441.00
Multimanager Mid Cap Value*                  $ 510.00     $ 1,554.00       $ 2,630.00     $ 5,467.00
Multimanager Technology*                     $ 520.00     $ 1,581.00       $ 2,673.00     $ 5,543.00
- ---------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock            $ 433.00     $ 1,328.00       $ 2,266.00     $ 4,812.00
EQ/AllianceBernstein Growth and Income++     $ 441.00     $ 1,353.00       $ 2,306.00     $ 4,885.00
EQ/AllianceBernstein Intermediate Government
 Securities                                  $ 437.00     $ 1,341.00       $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein International           $ 465.00     $ 1,423.00       $ 2,420.00     $ 5,093.00
EQ/AllianceBernstein Large Cap Growth        $ 476.00     $ 1,454.00       $ 2,469.00     $ 5,181.00
EQ/AllianceBernstein Quality Bond            $ 437.00     $ 1,341.00       $ 2,286.00     $ 4,849.00
EQ/AllianceBernstein Small Cap Growth        $ 461.00     $ 1,411.00       $ 2,400.00     $ 5,057.00
EQ/AllianceBernstein Value                   $ 446.00     $ 1,368.00       $ 2,331.00     $ 4,931.00
EQ/Ariel Appreciation II                     $ 502.00     $ 1,530.00       $ 2,591.00     $ 5,398.00
EQ/AXA Rosenberg Value Long/Short Equity     $ 668.00     $ 2,001.00       $ 3,330.00     $ 6,644.00
EQ/BlackRock Basic Value Equity*             $ 442.00     $ 1,356.00       $ 2,311.00     $ 4,894.00
EQ/BlackRock International Value*            $ 478.00     $ 1,460.00       $ 2,479.00     $ 5,199.00
EQ/Boston Advisors Equity Income             $ 464.00     $ 1,420.00       $ 2,415.00     $ 5,084.00
EQ/Calvert Socially Responsible              $ 464.00     $ 1,420.00       $ 2,415.00     $ 5,084.00
EQ/Capital Guardian Growth                   $ 455.00     $ 1,393.00       $ 2,371.00     $ 5,003.00
EQ/Capital Guardian International+           $ 479.00     $ 1,463.00       $ 2,484.00     $ 5,208.00
EQ/Capital Guardian Research                 $ 452.00     $ 1,384.00       $ 2,356.00     $ 4,976.00
EQ/Capital Guardian U.S. Equity++            $ 452.00     $ 1,384.00       $ 2,356.00     $ 4,976.00
EQ/Caywood-Scholl High Yield Bond            $ 452.00     $ 1,384.00       $ 2,356.00     $ 4,976.00
EQ/Davis New York Venture                    $ 537.00     $ 1,630.00       $ 2,750.00     $ 5,676.00
EQ/Equity 500 Index                          $ 410.00     $ 1,261.00       $ 2,156.00     $ 4,607.00
EQ/Evergreen International Bond              $ 467.00     $ 1,430.00       $ 2,430.00     $ 5,110.00
EQ/Evergreen Omega                           $ 460.00     $ 1,408.00       $ 2,395.00     $ 5,048.00
- ---------------------------------------------------------------------------------------------------------



16 Fee table








- -------------------------------------------------------------------------------------------------------------
                                                 If you surrender your contract at the end of the
                                                              applicable time period
- -------------------------------------------------------------------------------------------------------------
                                                 1 year        3 years        5 years        10 years
- -------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -------------------------------------------------------------------------------------------------------------
                                                                             
EQ/FI Mid Cap                               $ 1,257.00     $ 1,999.00     $ 2,381.00     $ 5,021.00
EQ/FI Mid Cap Value+                        $ 1,260.00     $ 2,008.00     $ 2,395.00     $ 5,048.00
EQ/Franklin Income                          $ 1,304.00     $ 2,136.00     $ 2,601.00     $ 5,416.00
EQ/Franklin Small Cap Value                 $ 1,474.00     $ 2,618.00     $ 3,357.00     $ 6,687.00
EQ/Franklin Templeton Founding Strategy**   $ 1,309.00     $ 2,151.00     $ 2,625.00     $ 5,458.00
EQ/GAMCO Mergers and Acquisitions           $ 1,299.00     $ 2,121.00     $ 2,576.00     $ 5,373.00
EQ/GAMCO Small Company Value                $ 1,266.00     $ 2,027.00     $ 2,425.00     $ 5,101.00
EQ/International Growth                     $ 1,296.00     $ 2,112.00     $ 2,562.00     $ 5,347.00
EQ/Janus Large Cap Growth++                 $ 1,280.00     $ 2,066.00     $ 2,489.00     $ 5,216.00
EQ/JPMorgan Core Bond                       $ 1,232.00     $ 1,925.00     $ 2,261.00     $ 4,803.00
EQ/JPMorgan Value Opportunities             $ 1,250.00     $ 1,978.00     $ 2,346.00     $ 4,958.00
EQ/Legg Mason Value Equity                  $ 1,261.00     $ 2,011.00     $ 2,400.00     $ 5,057.00
EQ/Long Term Bond                           $ 1,231.00     $ 1,922.00     $ 2,256.00     $ 4,794.00
EQ/Lord Abbett Growth and Income            $ 1,265.00     $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/Lord Abbett Large Cap Core               $ 1,281.00     $ 2,069.00     $ 2,494.00     $ 5,225.00
EQ/Lord Abbett Mid Cap Value                $ 1,262.00     $ 2,014.00     $ 2,405.00     $ 5,066.00
EQ/Marsico Focus                            $ 1,273.00     $ 2,045.00     $ 2,454.00     $ 5,155.00
EQ/MFS Emerging Growth Companies+           $ 1,254.00     $ 1,990.00     $ 2,366.00     $ 4,994.00
EQ/MFS Investors Trust+                     $ 1,250.00     $ 1,978.00     $ 2,346.00     $ 4,958.00
EQ/Money Market                             $ 1,219.00     $ 1,888.00     $ 2,201.00     $ 4,692.00
EQ/Montag & Caldwell Growth                 $ 1,265.00     $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/Mutual Shares                            $ 1,317.00     $ 2,172.00     $ 2,659.00     $ 5,518.00
EQ/Oppenheimer Global                       $ 1,407.00     $ 2,430.00     $ 3,065.00     $ 6,211.00
EQ/Oppenheimer Main Street Opportunity      $ 1,425.00     $ 2,480.00     $ 3,143.00     $ 6,341.00
EQ/Oppenheimer Main Street Small Cap        $ 1,420.00     $ 2,465.00     $ 3,120.00     $ 6,303.00
EQ/PIMCO Real Return                        $ 1,246.00     $ 1,968.00     $ 2,331.00     $ 4,931.00
EQ/Short Duration Bond                      $ 1,230.00     $ 1,919.00     $ 2,251.00     $ 4,784.00
EQ/Small Cap Value+                         $ 1,262.00     $ 2,014.00     $ 2,405.00     $ 5,066.00
EQ/Small Company Growth+                    $ 1,293.00     $ 2,103.00     $ 2,547.00     $ 5,321.00
EQ/Small Company Index                      $ 1,214.00     $ 1,873.00     $ 2,176.00     $ 4,645.00
EQ/TCW Equity++                             $ 1,271.00     $ 2,039.00     $ 2,445.00     $ 5,137.00
EQ/Templeton Growth                         $ 1,337.00     $ 2,230.00     $ 2,750.00     $ 5,676.00
EQ/UBS Growth and Income                    $ 1,266.00     $ 2,027.00     $ 2,425.00     $ 5,101.00
EQ/Van Kampen Comstock                      $ 1,258.00     $ 2,002.00     $ 2,385.00     $ 5,030.00
EQ/Van Kampen Emerging Markets Equity       $ 1,329.00     $ 2,209.00     $ 2,716.00     $ 5,618.00
EQ/Van Kampen Mid Cap Growth                $ 1,267.00     $ 2,030.00     $ 2,430.00     $ 5,110.00
EQ/Wells Fargo Montgomery Small Cap++       $ 1,302.00     $ 2,130.00     $ 2,591.00     $ 5,398.00
- -------------------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- -------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 1,286.00     $ 2,084.00     $ 2,518.00     $ 5,269.00
- -------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------

                                              If you annuitize at the end of the applicable time
                                            period and select a non-life contingent period certain
                                                   annuity option with less than five years
- ---------------------------------------------------------------------------------------------------------
                                            1 year    3 years        5 years        10 years
- ---------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------------------------------------
                                                                        
EQ/FI Mid Cap                                 N/A     $ 1,999.00     $ 2,381.00     $ 5,021.00
EQ/FI Mid Cap Value+                          N/A     $ 2,008.00     $ 2,395.00     $ 5,048.00
EQ/Franklin Income                            N/A     $ 2,136.00     $ 2,601.00     $ 5,416.00
EQ/Franklin Small Cap Value                   N/A     $ 2,618.00     $ 3,357.00     $ 6,687.00
EQ/Franklin Templeton Founding Strategy**     N/A     $ 2,151.00     $ 2,625.00     $ 5,458.00
EQ/GAMCO Mergers and Acquisitions             N/A     $ 2,121.00     $ 2,576.00     $ 5,373.00
EQ/GAMCO Small Company Value                  N/A     $ 2,027.00     $ 2,425.00     $ 5,101.00
EQ/International Growth                       N/A     $ 2,112.00     $ 2,562.00     $ 5,347.00
EQ/Janus Large Cap Growth++                   N/A     $ 2,066.00     $ 2,489.00     $ 5,216.00
EQ/JPMorgan Core Bond                         N/A     $ 1,925.00     $ 2,261.00     $ 4,803.00
EQ/JPMorgan Value Opportunities               N/A     $ 1,978.00     $ 2,346.00     $ 4,958.00
EQ/Legg Mason Value Equity                    N/A     $ 2,011.00     $ 2,400.00     $ 5,057.00
EQ/Long Term Bond                             N/A     $ 1,922.00     $ 2,256.00     $ 4,794.00
EQ/Lord Abbett Growth and Income              N/A     $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/Lord Abbett Large Cap Core                 N/A     $ 2,069.00     $ 2,494.00     $ 5,225.00
EQ/Lord Abbett Mid Cap Value                  N/A     $ 2,014.00     $ 2,405.00     $ 5,066.00
EQ/Marsico Focus                              N/A     $ 2,045.00     $ 2,454.00     $ 5,155.00
EQ/MFS Emerging Growth Companies+             N/A     $ 1,990.00     $ 2,366.00     $ 4,994.00
EQ/MFS Investors Trust+                       N/A     $ 1,978.00     $ 2,346.00     $ 4,958.00
EQ/Money Market                               N/A     $ 1,888.00     $ 2,201.00     $ 4,692.00
EQ/Montag & Caldwell Growth                   N/A     $ 2,023.00     $ 2,420.00     $ 5,093.00
EQ/Mutual Shares                              N/A     $ 2,172.00     $ 2,659.00     $ 5,518.00
EQ/Oppenheimer Global                         N/A     $ 2,430.00     $ 3,065.00     $ 6,211.00
EQ/Oppenheimer Main Street Opportunity        N/A     $ 2,480.00     $ 3,143.00     $ 6,341.00
EQ/Oppenheimer Main Street Small Cap          N/A     $ 2,465.00     $ 3,120.00     $ 6,303.00
EQ/PIMCO Real Return                          N/A     $ 1,968.00     $ 2,331.00     $ 4,931.00
EQ/Short Duration Bond                        N/A     $ 1,919.00     $ 2,251.00     $ 4,784.00
EQ/Small Cap Value+                           N/A     $ 2,014.00     $ 2,405.00     $ 5,066.00
EQ/Small Company Growth+                      N/A     $ 2,103.00     $ 2,547.00     $ 5,321.00
EQ/Small Company Index                        N/A     $ 1,873.00     $ 2,176.00     $ 4,645.00
EQ/TCW Equity++                               N/A     $ 2,039.00     $ 2,445.00     $ 5,137.00
EQ/Templeton Growth                           N/A     $ 2,230.00     $ 2,750.00     $ 5,676.00
EQ/UBS Growth and Income                      N/A     $ 2,027.00     $ 2,425.00     $ 5,101.00
EQ/Van Kampen Comstock                        N/A     $ 2,002.00     $ 2,385.00     $ 5,030.00
EQ/Van Kampen Emerging Markets Equity         N/A     $ 2,209.00     $ 2,716.00     $ 5,618.00
EQ/Van Kampen Mid Cap Growth                  N/A     $ 2,030.00     $ 2,430.00     $ 5,110.00
EQ/Wells Fargo Montgomery Small Cap++         N/A     $ 2,130.00     $ 2,591.00     $ 5,398.00
- --------------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- --------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                N/A     $ 2,084.00     $ 2,518.00     $ 5,269.00
- --------------------------------------------------------------------------------------------------------



- ----------------------------------------------------------------------------------------------------------
                                            If you do not surrender your contract at the end of the
                                                           applicable time period
- ----------------------------------------------------------------------------------------------------------
                                            1 year       3 years           5 years        10 years
- ----------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------
                                                                          
EQ/FI Mid Cap                               $ 457.00     $ 1,399.00    $ 2,381.00     $ 5,021.00
EQ/FI Mid Cap Value+                        $ 460.00     $ 1,408.00    $ 2,395.00     $ 5,048.00
EQ/Franklin Income                          $ 504.00     $ 1,536.00    $ 2,601.00     $ 5,416.00
EQ/Franklin Small Cap Value                 $ 674.00     $ 2,018.00    $ 3,357.00     $ 6,687.00
EQ/Franklin Templeton Founding Strategy**   $ 509.00     $ 1,551.00    $ 2,625.00     $ 5,458.00
EQ/GAMCO Mergers and Acquisitions           $ 499.00     $ 1,521.00    $ 2,576.00     $ 5,373.00
EQ/GAMCO Small Company Value                $ 466.00     $ 1,427.00    $ 2,425.00     $ 5,101.00
EQ/International Growth                     $ 496.00     $ 1,512.00    $ 2,562.00     $ 5,347.00
EQ/Janus Large Cap Growth++                 $ 480.00     $ 1,466.00    $ 2,489.00     $ 5,216.00
EQ/JPMorgan Core Bond                       $ 432.00     $ 1,325.00    $ 2,261.00     $ 4,803.00
EQ/JPMorgan Value Opportunities             $ 450.00     $ 1,378.00    $ 2,346.00     $ 4,958.00
EQ/Legg Mason Value Equity                  $ 461.00     $ 1,411.00    $ 2,400.00     $ 5,057.00
EQ/Long Term Bond                           $ 431.00     $ 1,322.00    $ 2,256.00     $ 4,794.00
EQ/Lord Abbett Growth and Income            $ 465.00     $ 1,423.00    $ 2,420.00     $ 5,093.00
EQ/Lord Abbett Large Cap Core               $ 481.00     $ 1,469.00    $ 2,494.00     $ 5,225.00
EQ/Lord Abbett Mid Cap Value                $ 462.00     $ 1,414.00    $ 2,405.00     $ 5,066.00
EQ/Marsico Focus                            $ 473.00     $ 1,445.00    $ 2,454.00     $ 5,155.00
EQ/MFS Emerging Growth Companies+           $ 454.00     $ 1,390.00    $ 2,366.00     $ 4,994.00
EQ/MFS Investors Trust+                     $ 450.00     $ 1,378.00    $ 2,346.00     $ 4,958.00
EQ/Money Market                             $ 419.00     $ 1,288.00    $ 2,201.00     $ 4,692.00
EQ/Montag & Caldwell Growth                 $ 465.00     $ 1,423.00    $ 2,420.00     $ 5,093.00
EQ/Mutual Shares                            $ 517.00     $ 1,572.00    $ 2,659.00     $ 5,518.00
EQ/Oppenheimer Global                       $ 607.00     $ 1,830.00    $ 3,065.00     $ 6,211.00
EQ/Oppenheimer Main Street Opportunity      $ 625.00     $ 1,880.00    $ 3,143.00     $ 6,341.00
EQ/Oppenheimer Main Street Small Cap        $ 620.00     $ 1,865.00    $ 3,120.00     $ 6,303.00
EQ/PIMCO Real Return                        $ 446.00     $ 1,368.00    $ 2,331.00     $ 4,931.00
EQ/Short Duration Bond                      $ 430.00     $ 1,319.00    $ 2,251.00     $ 4,784.00
EQ/Small Cap Value+                         $ 462.00     $ 1,414.00    $ 2,405.00     $ 5,066.00
EQ/Small Company Growth+                    $ 493.00     $ 1,503.00    $ 2,547.00     $ 5,321.00
EQ/Small Company Index                      $ 414.00     $ 1,273.00    $ 2,176.00     $ 4,645.00
EQ/TCW Equity++                             $ 471.00     $ 1,439.00    $ 2,445.00     $ 5,137.00
EQ/Templeton Growth                         $ 537.00     $ 1,630.00    $ 2,750.00     $ 5,676.00
EQ/UBS Growth and Income                    $ 466.00     $ 1,427.00    $ 2,425.00     $ 5,101.00
EQ/Van Kampen Comstock                      $ 458.00     $ 1,402.00    $ 2,385.00     $ 5,030.00
EQ/Van Kampen Emerging Markets Equity       $ 529.00     $ 1,609.00    $ 2,716.00     $ 5,618.00
EQ/Van Kampen Mid Cap Growth                $ 467.00     $ 1,430.00    $ 2,430.00     $ 5,110.00
EQ/Wells Fargo Montgomery Small Cap++       $ 502.00     $ 1,530.00    $ 2,591.00     $ 5,398.00
- ----------------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ----------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 486.00     $ 1,484.00    $ 2,518.00     $ 5,269.00
- ----------------------------------------------------------------------------------------------------------





* This is the investment option's new name effective on or about May 29, 2007,
  subject to regulatory approval. Please see "Portfolios of the Trusts" in
  "Contract features and benefits" later in this Prospectus for the investment
  option's former name.


                                                                    Fee table 17





** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.

++ Please see the supplement included with this Prospectus regarding the
   planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix IV at the end of this Prospectus.


18 Fee table





CONDENSED FINANCIAL INFORMATION

Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.



                                                                    Fee table 19




1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT
You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $10,000 for you
to purchase a contract. You may make additional contributions of: (i) at least
$500 each for NQ, QP and Rollover TSA contracts; (ii) $50 each for Rollover IRA
and Roth conversion IRA contracts; and (iii) $1,000 for Inherited IRA
contracts, subject to limitations noted below. The following table summarizes
our rules regarding contributions to your contract. In some states, our rules
may vary. Both the owner and the annuitant named in the contract must meet the
issue age requirements shown in the table and contributions are based on the
age of the older of the original owner and annuitant.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are age 81
and older at contract issue unless you elect GWBL). We may also refuse to
accept any contribution if the sum of all contributions under all AXA Equitable
annuity accumulation contracts with the same owner or annuitant would then
total more than $2,500,000. We may waive these contribution limitations based
on certain criteria, including benefits that have been elected, issue age, the
total amount of contributions, variable investment option allocations and
selling broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.

- --------------------------------------------------------------------------------

The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
"annuitant" is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.
- --------------------------------------------------------------------------------




- -----------------------------------------------------------------------------------------------------------------------------------
                      Available for
                      owner and
                      annuitant                 Minimum
 Contract type        issue ages                contributions
- -----------------------------------------------------------------------------------------------------------------------------------
                                          
NQ                    0 through 85              o $10,000 (initial)
                                                o $500 (additional)
                                                o $100 monthly and
                                                  $300 quarterly under our
                                                  automatic investment
                                                  program (additional)
- ------------------------------------------------------------------------------------------------------------------------------------
Rollover IRA          20 through 85             o $10,000 (initial)
                                                o $50 (additional)



- ------------------------------------------------------------------------------------------------------------------------------------
                                                               Limitations on
 Contract type        Source of contributions                  contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                         
NQ                    o After-tax money.                       o No additional contributions after
                                                                 attainment of age 87.*
                      o Paid to us by check or transfer of
                        contract value in a tax-deferred
                        exchange under Section 1035 of
                        the Internal Revenue Code.
- ------------------------------------------------------------------------------------------------------------------------------------
Rollover IRA          o Eligible rollover distributions from   o No rollover or direct transfer con-
                        TSA contracts or other 403(b)            tributions after attainment of
                        arrangements, qualified plans,           age 87.*
                        and governmental employer
                        457(b) plans.                          o Contributions after age 70-1/2 must
                                                                 be net of required minimum
                      o Rollovers from another tradi-            distributions.
                        tional individual retirement
                        arrangement.                           o Although we accept regular IRA
                                                                 contributions (limited to $4,000
                      o Direct custodian-to-custodian            for 2007 and $5,000 for 2008),
                        transfers from another traditional       under the Rollover IRA contracts,
                        individual retirement                    we intend that this contract be
                        arrangement.                             used primarily for rollover and
                                                                 direct transfer contributions.
                      o Regular IRA contributions.
                                                               o Additional catch-up contributions
                      o Additional "catch-up"                    of up to $1,000 per calendar year
                        contributions.                           where the owner is at least age
                                                                 50 but under age 70-1/2 at any
                                                                 time during the calendar year for
                                                                 which the contribution is made.
- ------------------------------------------------------------------------------------------------------------------------------------



20 Contract features and benefits








- ------------------------------------------------------------------------------------------------------------------------------------
                      Available for
                      owner and
                      annuitant                                Minimum
 Contract type        issue ages                               contributions
- ------------------------------------------------------------------------------------------------------------------------------------
                                          
Roth Conversion       20 through 85             o $10,000 (initial)
                                                o $500 (additional)

- ------------------------------------------------------------------------------------------------------------------------------------
Inherited IRA         0 through 70
Beneficiary Con-                                o $10,000 (additional)
tinuation Contract                              o $1,000 (additional)
(traditional IRA or
Roth IRA)
- ------------------------------------------------------------------------------------------------------------------------------------
Rollover TSA          20 through 85             o $10,000 (initial)
                                                o $500 (additional)
- ------------------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                                               Limitations on
 Contract type         Source of contributions                 contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                         
Roth Conversion       o Rollovers from another Roth IRA.       o No additional rollover or direct
IRA                                                              transfer contributions after attain-
                      o Rollovers from a "designated             ment of age 87.*
                        Roth contribution account" under
                        a 401(k) plan or 403(b)                o Conversion rollovers after
                        arrangement.                             age 70-1/2 must be net of required
                                                                 minimum distributions for the
                      o Conversion rollovers from a tradi-       traditional IRA you are rolling
                        tional IRA.                              over.

                      o Direct transfers from another          o You cannot roll over funds from a
                        Roth IRA.                                traditional IRA if your adjusted
                                                                 gross income is $100,000 or
                      o Regular Roth IRA contributions.          more.

                      o Additional "catch-up" contribu-        o Although we accept regular Roth
                        tions.                                   IRA contributions (limited to
                                                                 $4,000 for 2007 and $5,000 for
                                                                 2008) under the Roth IRA con-
                                                                 tracts, we intend that this contract
                                                                 be used primarily for rollover and
                                                                 direct transfer contributions.
                                                                 o Additional catch-up contributions
                                                                 of up to $1,000 per calendar year
                                                                 where the owner is at least age
                                                                 50 at any time during the calen-
                                                                 dar year for which the
                                                                 contribution is made.

- ------------------------------------------------------------------------------------------------------------------------------------
Inherited IRA         o Direct custodian-to-custodian          o Any additional contributions must
Beneficiary Con-        transfers of your interest as a          be from the same type of IRA of
tinuation Contract      death beneficiary of the deceased        the same deceased owner.
(traditional IRA or     owner's traditional individual
Roth IRA)               retirement arrangement or Roth         o Non-spousal beneficiary direct
                        IRA to an IRA of the same type.          rollover contributions from quali-
                                                                 fied plans, 403(b) arrangements
                                                                 and governmental employer
                                                                 457(b) plans may be made to a
                                                                 traditional Inherited IRA contract
                                                                 under special circumstances.
- -----------------------------------------------------------------------------------------------------------------------------------
Rollover TSA          o Direct transfers of pre-tax funds      o No additional rollover or direct
                        from another contract or                 transfer contributions after attain-
                        arrangement under Section                ment of age 87.*
                        403(b) of the Internal Revenue
                        Code, complying with IRS Rev-          o Rollover or direct transfer contri-
                        enue Ruling 90-24.                       butions after age 70-1/2 must be
                                                                 net of any required minimum distributions.
                      o Eligible rollover distributions of
                        pre-tax funds from other 403(b)        o We do not accept employer-
                        plans.                                   remitted contributions.

                      o Subsequent contributions may
                        also be rollovers from qualified
                        plans, governmental employer
                        457(b) plans and traditional
                        IRAs.
- -----------------------------------------------------------------------------------------------------------------------------------



                                           Contract features and benefits 21








- ------------------------------------------------------------------------------------------------------------------------------------
                      Available for
                      owner and
                      annuitant                 Minimum
 Contract type        issue ages                contributions
- ------------------------------------------------------------------------------------------------------------------------------------
                                          
QP                    20 through 75             o $10,000 (initial)
                                                o $500 (additional)

- ------------------------------------------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                                Limitations on
 Contract type        Source of contributions   contributions(+)
- ------------------------------------------------------------------------------------------------------------------------------------
                                          
QP                    o Only transfer
                        contributions from      o A separate QP contract must be
                        other investments         established for each plan participant
                        with an existing
                        defined contribution    o We do not accept regular ongoing
                        qualified plan trust.     payroll contributions or contributions directly from the employer.

                      o The plan must be        o Only one additional transfer contribution may be made during a
                        qualified under           contract year.
                        Section 401(a) of the
                        Internal Revenue Code.  o No additional transfer contribu-
                                                  tions after participant's
                      o For 401(k) plans,         attainment of age 76 or, if later,
                        transferred               the first contract date anniversary.
                        contributions may not
                        include any after-tax   o Contributions after age 70-1/2 must
                        contributions,            be net of any required minimum
                        including designated      distributions.
                        Roth contributions.
                                                o We do not accept contributions
                                                  from defined benefit plans.
- -----------------------------------------------------------------------------------------------------------------------------------

Please refer to Appendix II at the end of this Prospectus for a discussion of
purchase considerations of QP contracts.


+   Additional contributions may not be permitted under certain conditions in
    your state. Please see Appendix VII later in the Prospectus to see if
    additional contributions are permitted in your state. If you are
    participating in a Principal guarantee benefit, contributions will only be
    permitted for the first six months after the contract is issued and no
    further contributions will be permitted for the life of the contract. For
    the Guaranteed withdrawal benefit for life option, additional contributions
    are not permitted after the later of: (i) the end of the first contract
    year, and (ii) the date you make your first withdrawal.

*   Please see Appendix VII later in this Prospectus for information on state
    variations.

See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.


22 Contract features and benefits





OWNER AND ANNUITANT REQUIREMENTS


Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general, we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary.


If you are purchasing this contract to fund a charitable remainder trust and
elect either the Guaranteed minimum income benefit ("GMIB") or the Guaranteed
withdrawal benefit for life ("GWBL"), or an enhanced death benefit, you should
strongly consider "split-funding": that is, the trust holds investments in
addition to this Accumulator(R) Elite(SM) contract. Charitable remainder trusts
are required to take specific distributions. The charitable remainder trust
annual withdrawal requirement may be equal to a percentage of the donated
amount or a percentage of the current value of the donated amount. If your
Accumulator(R) Elite(SM) contract is the only source for such distributions, the
payments you need to take may significantly reduce the value of those
guaranteed benefits. Such amount may be greater than the annual increase in the
GMIB, GWBL and/or the enhanced death benefit base and/or greater than the
Guaranteed annual withdrawal amount under GWBL. See the discussion of these
benefits later in this section.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. We do
not permit joint annuitants unless you elect the Guaranteed withdrawal benefit
for life on a Joint life basis and the contract is owned by a non-natural
owner. Under QP contracts, all benefits are based on the age of the annuitant.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.


For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealer.
Additional contributions may also be made under our automatic investment
program. These methods of payment, are discussed in detail in "More
information" later in this Prospectus.


- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain that
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?


You can choose from among the variable investment options, the guaranteed
interest option, the fixed maturity options and the account for special dollar
cost averaging. If you elect the Guaranteed withdrawal benefit for life or the
100% Principal guarantee benefit, your investment options will be limited to
the guaranteed interest option, the account for special dollar cost averaging
and the following variable investment options: the AXA Allocation portfolios
and the EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").

If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the AXA Moderate Allocation portfolio.



VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed


                                              Contract features and benefits  23



below are the currently available portfolios, their investment objectives and
their advisers. See "Inherited IRA beneficiary continuation contract" later in
this section for Inherited IRA owner and annuitant requirements.



24  Contract features and benefits


PORTFOLIOS OF THE TRUSTS


You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Elite(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors may include fees and expenses; the timing of
stock purchases and sales; differences in fund cash flows; and specific
strategies employed by the portfolio manager.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                        Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)              Objective                                                     as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                       
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                          o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                          o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a             o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.       o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,       o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                                   o AllianceBernstein L.P.
 EQUITY(1)                                                                                   o ClearBridge Advisors, LLC
                                                                                             o Legg Mason Capital Management, Inc.
                                                                                             o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital         o BlackRock Financial Management, Inc.
                              appreciation, consistent with a prudent level of risk.         o Pacific Investment Management Company
                                                                                               LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                                   o A I M Capital Management, Inc.
                                                                                             o RCM Capital Management LLC
                                                                                             o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current             o Pacific Investment Management Company
                              income and capital appreciation.                                 LLC
                                                                                             o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                                   o AllianceBernstein L.P.
 EQUITY(5)                                                                                   o JPMorgan Investment Management Inc.
                                                                                             o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25





- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                            applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                               
MULTIMANAGER LARGE CAP         Long-term growth of capital.                          o AllianceBernstein L.P.
 CORE EQUITY(6)                                                                      o Janus Capital Management LLC
                                                                                     o Thornburg Investment Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                          o RCM Capital Management LLC
 GROWTH(7)                                                                           o TCW Investment Management Company
                                                                                     o T. Rowe Price Associates, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                          o AllianceBernstein L.P.
 VALUE(8)                                                                            o Institutional Capital LLC
                                                                                     o MFS Investment Management
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                          o AllianceBernstein L.P.
 GROWTH(9)                                                                           o Franklin Advisers, Inc.
                                                                                     o Provident Investment Counsel, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                          o AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                           o TCW Investment Management Company
                                                                                     o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                          o Firsthand Capital Management, Inc.
                                                                                     o RCM Capital Management LLC
                                                                                     o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                            applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN           Seeks to achieve long-term growth of capital.         o AllianceBernstein L.P.
 COMMON STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                 o AllianceBernstein L.P.
 AND INCOME++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN           Seeks to achieve high current income consistent       o AllianceBernstein L.P.
 INTERMEDIATE GOVERNMENT       with relative stability of principal.
 SECURITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.         o AllianceBernstein L.P.
 NATIONAL
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.         o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent       o AllianceBernstein L.P.
 BOND                          with moderate risk to capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.         o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                           o AllianceBernstein L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                 o Ariel Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         Seeks to increase value through bull markets and      o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY             bear markets using strategies that are designed
                               to limit exposure to general equity market risk.
- ------------------------------------------------------------------------------------------------------------------------------------



26 Contract features and benefits





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                               applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                 
EQ/BLACKROCK BASIC VALUE      Seeks capital appreciation and secondarily, income.      o BlackRock Investment Management, LLC
 EQUITY(12)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term            o BlackRock Investment Management
 VALUE(13)                    growth of income, accompanied by growth of capital.        International Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve      o Boston Advisors, LLC
 INCOME                       an above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.                    o Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                           o Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.                       o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.                  o Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.            o Capital Guardian Trust Company
 RESEARCH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.            o Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.                        o Caywood-Scholl Capital Management
 YIELD BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.                       o Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates   o AllianceBernstein L.P.
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk level
                              consistent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.                   o Evergreen Investment Management
 BOND                                                                                      Company, LLC
                                                                                         o First International Fund Advisors (dba
                                                                                           "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.                            o Evergreen Investment Management
                                                                                           Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.                         o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.                      o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects       o Franklin Advisers, Inc.
                              for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.                              o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily       o AXA Equitable
 FOUNDING STRATEGY(**)        seeks income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.                     o GAMCO Asset Management Inc.
 ACQUISITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.                    o GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.                     o MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   Seeks long-term growth of capital.
                                                                                         o Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 27





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s) as
Portfolio Name(*)               Objective                                            applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                               
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent       o JPMorgan Investment Management Inc.
                               with moderate risk to capital and maintenance of
                               liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.                       o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                    o Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation     o BlackRock Financial Management, Inc.
                               through investment in long-maturity debt
                               obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without     o Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with        o Lord, Abbett & Co. LLC
 CORE                          reasonable risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                 o Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                    o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.            o MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary    o MFS Investment Management
                               objective to seek reasonable current income. For
                               purposes of this Portfolio, the words "reasonable
                               current income" mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income,       o The Dreyfus Corporation
                               preserve its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.                o Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally    o Franklin Mutual Advisers, LLC
                               be short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.                           o OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.                 o OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.                           o OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with             o Pacific Investment Management Company,
                               preservation of real capital and prudent                LLC
                               investment management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of       o BlackRock Financial Management, Inc.
                               principal.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.                           o Lazard Asset Management LLC
                                                                                     o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.                o Bear Stearns Asset Management Inc.
                                                                                     o Eagle Asset Management, Inc.
                                                                                     o Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before     o AllianceBernstein L.P.
                               the deduction of portfolio expenses) the total
                               return of the Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.      o TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------



28 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s) as
Portfolio Name(*)                Objective                                           applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                               
EQ/TEMPLETON GROWTH              Seeks long-term capital growth.                     o Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return through capital       o UBS Global Asset Management
                                 appreciation with income as a secondary               (Americas) Inc.
                                 consideration.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.                          o Morgan Stanley Investment
                                                                                       Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING           Seeks long-term capital appreciation.               o Morgan Stanley Investment
 MARKETS EQUITY                                                                        Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.                                     o Morgan Stanley Investment
 GROWTH                                                                                Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.               o Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                    Objective                                          Investment Manager
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income and   o Van Kampen (is the name under which
                                 long-term capital appreciation by investing           Morgan Stanley Investment Management Inc.
                                 primarily in equity securities of companies in        does business in certain situations)
                                 the U.S. real estate industry, including real
                                 estate investment trusts.
- ------------------------------------------------------------------------------------------------------------------------------------




(*) This portfolio information reflects the portfolio's name change effective
    on or about May 29, 2007, subject to regulatory approval. The chart below
    reflects the portfolio's name in effect, until on or about May 29, 2007.
    The number in the "FN" column corresponds with the number contained in the
    table above.




- ------------------------------------------------------------------
 FN         Portfolio Name until May 29, 2007
- ------------------------------------------------------------------
(1)         AXA Premier VIP Aggressive Equity
(2)         AXA Premier VIP Core Bond
(3)         AXA Premier VIP Health Care
(4)         AXA Premier VIP High Yield
(5)         AXA Premier VIP International Equity
(6)         AXA Premier VIP Large Cap Core Equity
(7)         AXA Premier VIP Large Cap Growth
(8)         AXA Premier VIP Large Cap Value
(9)         AXA Premier VIP Mid Cap Growth
(10)        AXA Premier VIP Mid Cap Value
(11)        AXA Premier VIP Technology
(12)        EQ/Mercury Basic Value Equity
(13)        EQ/Mercury International Value



**   This investment option will be available on or about May 29, 2007,
     subject to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

You should consider the investment objectives, risks and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the Trusts
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may
call one of our customer service representatives at 1-800-789-7771.



                                               Contract features and benefits 29


GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges, and any optional benefit
charges. See Appendix VII later in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum
rate ranges from 1.00% to 3.00%. The data page for your contract shows the
lifetime minimum rate. Check with your financial professional as to which rate
applies in your state. The minimum yearly rate will never be less than the
lifetime minimum rate. The minimum yearly rate for 2007 is 3.00%. Current
interest rates will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfer from the guaranteed
interest option.

FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VII later in this Prospectus to see
if fixed maturity options are available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options range from one to ten years to maturity.
- --------------------------------------------------------------------------------

On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Elite(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed below in "Allocating
your contributions," would apply:

(a)  transfer the maturity value into another available fixed maturity option,
     any of the variable investment options or the guaranteed interest option;
     or

(b)  withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007 the next available maturity date was February 15, 2008. If no fixed
maturity options are available we will transfer your maturity value to the
EQ/Money Market Option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a
fixed maturity option are used to purchase any annuity payment option prior to
the maturity date and may apply on payment of a death benefit. The market value
adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount
applied to an annuity payout option will reflect the application of any
applicable



30  Contract features and benefits



market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:


(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate we have in effect at that time for new fixed
     maturity options (adjusted to reflect a similar maturity date), and

(b)  the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

The account for special dollar cost averaging is part of our general account.
We pay interest at guaranteed rates in this account. We will credit interest to
the amounts that you have in the account for special dollar cost averaging
every day. We set the interest rates periodically, according to procedures that
we have. We reserve the right to change these procedures.

We guarantee to pay our current interest rate that is in effect on the date
that your contribution is allocated to this account. Your guaranteed interest
rate for the time period you select will be shown in your contract for an
initial contribution. The rate will never be less than the lifetime minimum
rate for the guaranteed interest option. See "Allocating your contributions"
below for rules and restrictions that apply to the special dollar cost
averaging program.


ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.



SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options, the guaranteed interest option (subject to restrictions in
certain states -- see Appendix VII later in this Prospectus for state
variations) and fixed maturity options. Allocations must be in whole
percentages and you may change your allocations at any time. No more than 25%
of any contribution may be allocated to the guaranteed interest option. The
total of your allocations into all available investment options must equal
100%. If an owner or annuitant is age 76-80, you may allocate contributions to
fixed maturity options with maturities of seven years or less. If an owner or
annuitant is age 81 or older, you may allocate contributions to fixed maturity
options with maturities of five years or less. Also, you may not allocate
amounts to fixed maturity options with maturity dates that are later than the
date annuity payments are to begin.


DOLLAR COST AVERAGING


We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options or the
guaranteed interest option.


- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

SPECIAL DOLLAR COST AVERAGING PROGRAM. Under the special dollar cost averaging
program, you may choose to allocate all or a portion of any eligible
contribution to the account for special dollar cost averaging. Contributions
into the account for special dollar cost averaging may not be transfers from
other investment options. Your initial allocation to any special dollar cost
averaging program time period must be at least $2,000 and any subsequent
contribution to that same time period must be at least $250. You may only have
one time period in effect at any time and once you select a time period, you
may not change it. In Pennsylvania, we refer to this program as "enhanced rate
dollar cost averaging."


You may have your account value transferred to any of the variable investment
options available under your contract. Only the permitted variable investment
options are available if you elect the Guaranteed withdrawal benefit for life
or the 100% Principal guarantee benefit. Only the AXA Moderate Allocation
portfolio is available if you elect the



                                              Contract features and benefits  31



125% Principal guarantee benefit. We will transfer amounts from the account for
special dollar cost averaging into the variable investment options over an
available time period that you select. We offer time periods of 3, 6 or 12
months during which you will receive an enhanced interest rate. We may also
offer other time periods. Your financial professional can provide information
on the time periods and interest rates currently available in your state, or
you may contact our processing office. If the special dollar cost averaging
program is selected at the time of application to purchase the Accumulator(R)
Elite(SM) contract, a 60 day rate lock will apply from the date of application.
Any contribution(s) received during this 60 day period will be credited with
the interest rate offered on the date of application for the remainder of the
time period selected at application. Any contribution(s) received after the 60
day rate lock period has ended will be credited with the then current interest
rate for the remainder of the time period selected at application.
Contribution(s) made to a special dollar cost averaging program selected after
the Accumulator(R) Elite(SM) contract has been issued will be credited with the
then current interest rate on the date the contribution is received by AXA
Equitable for the time period initially selected by you. Once the time period
you selected has run, you may then select another time period for future
contributions. At that time, you may also select a different allocation for
transfers to the variable investment options, or, if you wish, we will continue
to use the selection that you have previously made. Currently, your account
value will be transferred from the account for special dollar cost averaging
into the variable investment options on a monthly basis. We may offer this
program in the future with transfers on a different basis.


We will transfer all amounts out of the account for special dollar cost
averaging by the end of the chosen time period. The transfer date will be the
same day of the month as the contract date, but not later than the 28th day of
the month. For a special dollar cost averaging program selected after
application, the first transfer date and each subsequent transfer date for the
time period selected will be one month from the date the first contribution is
made into the special dollar cost averaging program, but not later than the
28th day of the month.

If you choose to allocate only a portion of an eligible contribution to the
account for special dollar cost averaging, the remaining balance of that
contribution will be allocated to the variable investment options, guaranteed
interest option or fixed maturity options according to your instructions.

The only transfers that will be made from the account for special dollar cost
averaging are your regularly scheduled transfers to the variable investment
options. No amounts may be transferred from the account for special dollar cost
averaging to the guaranteed interest option or the fixed maturity options. If
you request to transfer or withdraw any other amounts from the account for
special dollar averaging, we will transfer all of the value that you have
remaining in the account for special dollar cost averaging to the investment
options according to the allocation percentages for special dollar cost
averaging we have on file for you. You may ask us to cancel your participation
at any time.

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.

If you elect the Guaranteed withdrawal benefit for life, general dollar cost
averaging is not available.


INVESTMENT SIMPLIFIER


FIXED-DOLLAR OPTION. Under this option, you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.


In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. Unlike the account for special dollar cost averaging,
this option does not offer enhanced rates. Also, this option is subject to the
guaranteed interest option transfer limitations described under "Transferring
your account value" in "Transferring your money among investment options" later
in this Prospectus. While the program is running, any transfer that exceeds
those limitations will cause the program to end for that contract year. You
will be notified. You must send in a request form to resume the program in the
next or subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.


INTEREST SWEEP OPTION. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Prin-


32  Contract features and benefits




cipal guarantee benefit. The transfer date will be the last business day of the
month. The amount we will transfer will be the interest credited to amounts you
have in the guaranteed interest option from the last business day of the prior
month to the last business day of the current month. You must have at least
$7,500 in the guaranteed interest option on the date we receive your election.
We will automatically cancel the interest sweep program if the amount in the
guaranteed interest option is less than $7,500 on the last day of the month for
two months in a row. For the interest sweep option, the first monthly transfer
will occur on the last business day of the month following the month that we
receive your election form at our processing office.


                      ----------------------------------


You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program you may participate in any of the dollar cost averaging
programs except general dollar cost averaging. You may only participate in one
dollar cost averaging program at a time. See "Transferring your money among
investment options" later in this Prospectus. Also, for information on how the
dollar cost averaging program you select may affect certain guaranteed benefits
see "Guaranteed minimum death benefit and Guaranteed minimum income benefit
base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states (see Appendix VII later in this
Prospectus for more information on state availability).



GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits, as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.


STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed
   minimum death benefit and Principal guarantee benefits" in "Accessing your
   money" later in this Prospectus. The amount of any withdrawal charge is
   described under "Withdrawal charge" in "Charges and expenses" later in the
   Prospectus.

6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed
   minimum death benefit and Principal guarantee benefits" in "Accessing your
   money" and the section entitled "Charges and expenses" later in this
   Prospectus. The amount of any withdrawal charge is described under
   "Withdrawal charge" in "Charges and expenses" later in the Prospectus.


The effective annual roll-up rate credited to this benefit base is:

o  6% with respect to the variable investment options (other than
   EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
   and EQ/Short Duration Bond) and the account for special dollar cost
   averaging; the effective annual rate may be 4% in some states. Please see
   Appendix VII later in this Prospectus to see what applies in your state;
   and

o  3% with respect to the EQ/AllianceBernstein Intermediate Government
   Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed
   maturity options, the guaranteed interest option and the loan reserve
   account under Rollover TSA (if applicable).


The benefit base stops rolling up after the contract anniversary following the
owner's (or older joint owner's, if applicable) 85th birthday. For contracts
with non-natural owners, the benefit base stops rolling up after the contract
date anniversary following the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your
benefit base is equal to the greater of either:


o  your initial contribution to the contract (plus any additional
   contributions),
                                       or

o  your highest account value of any contract date anniversary up to the
   contract date anniversary following the owner's (or older joint owner's,
   if applicable) 85th birthday plus any contributions made since the most
   recent annual ratchet,
                                      less
o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of the deduction is described under "How
   withdrawals affect your Guaranteed mini-



                                              Contract features and benefits  33



   mum income benefit, Guaranteed minimum death benefit and Principal
   guarantee benefits" in "Accessing your money" later in this Prospectus. The
   amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.

For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's age.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is
equal to the greater of the benefit base computed for the 6% Roll-Up to age 85
or the benefit base computed for the Annual Ratchet to age 85, as described
immediately above, on each contract date anniversary. For the Guaranteed
minimum income benefit, the benefit base is reduced by any applicable
withdrawal charge remaining when the option is exercised. For more information,
see "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

In Washington a different roll-up rate applies to the Greater of 6% Roll-Up to
age 85 or Annual Ratchet to age 85 enhanced death benefit. See Appendix VII
later in this Prospectus.

GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET.  If both the Guaranteed minimum income benefit AND the
Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death
benefit (the "Greater of enhanced death benefit") are elected, you may reset
the Roll-Up benefit base for these guaranteed benefits to equal the account
value as of the 5th or later contract date anniversary. The reset amount would
equal the account value as of the contract date anniversary on which you reset
your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.


We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
for five years. If after your death your spouse continues this contract, the
benefit base will be eligible to be reset either five years from the contract
date or from the last reset date, if applicable. The last age at which the
benefit base is eligible to be reset is owner (or older joint owner, if
applicable) age 75. For contracts with non-natural owners, reset eligibility is
based on the annuitant's age.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of reset; you may not exercise until the tenth contract date
anniversary following the reset. See "Exercise rules" under "Guaranteed minimum
income benefit option" below for more information. Please note that in almost
all cases, resetting your Roll-Up benefit base will lengthen the exercise
waiting period. Also, even when there is no additional charge when you reset
your Roll-Up benefit base, the total dollar amount charged on future contract
date anniversaries may increase as a result of the reset since the charges may
be applied to a higher benefit base than would have been otherwise applied. See
"Charges and expenses" in the Prospectus.

If you are a traditional IRA, TSA or QP contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required minimum
distributions with respect to this contract. If you must begin taking lifetime
required minimum distributions during the 10-year waiting period, you may want
to consider taking the annual lifetime required minimum distribution calculated
for this contract from another traditional IRA, TSA or QP contract that you
maintain. If you withdraw the lifetime required minimum distribution from this
contract, and the required minimum distribution is more than 6% of the reset
benefit base, the withdrawal would cause a pro-rata reduction in the benefit
base. Alternatively, resetting the benefit base to a larger amount would make
it less likely that the required minimum distributions would exceed the 6%
threshold. See "Lifetime required minimum distribution withdrawals" and "How
withdrawals affect your Guaranteed minimum income benefit and Guaranteed
minimum death benefit" in "Accessing your money." Also, see "Required minimum
distributions" under "Individual retirement arrangements (IRAs)" and
"Tax-sheltered annuity contracts (TSAs)" in "Tax information" and Appendix II -
"Purchase considerations for QP Contracts," later in this Prospectus.

The Roll-Up benefit base for both the "Greater of" enhanced death benefit and
the Guaranteed minimum income benefit are reset simultaneously when you request
a Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed in "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
in "Accessing your money" later in this Prospectus. Annuity purchase factors
are based on interest rates, mortality tables, frequency of payments, the form
of annuity benefit, and the owner's (and any joint owner's) age and sex in
certain instances. Your contract specifies different guaranteed annuity
purchase factors for the Guaranteed minimum income benefit and the annuity
payout options. We may provide more favorable current annuity purchase factors
for the annuity payout options but we will always use the guaranteed purchase
factors to determine your periodic payments under the Guaranteed minimum income
benefit.

GUARANTEED MINIMUM INCOME BENEFIT OPTION


The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly
owned, the Guaranteed minimum income benefit will be calculated on the basis of
the older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.


If you are purchasing this contract as an inherited IRA, or if you elect a
Principal guarantee benefit, or the Guaranteed withdrawal benefit for


34  Contract features and benefits



life, the Guaranteed minimum income benefit is not available. If you are using
this contract to fund a charitable remainder trust, you will have to take
certain distribution amounts. You should consider split-funding so that those
distributions do not adversely impact your Guaranteed minimum income benefit.
See "Owner and annuitant requirements" earlier in this section. If the owner
was older than age 60 at the time an IRA, QP or Rollover TSA contract was
issued, the Guaranteed minimum income benefit may not be an appropriate feature
because the minimum distributions required by tax law generally must begin
before the Guaranteed minimum income benefit can be exercised.


If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. You choose which of these payout options you want
and whether you want the option to be paid on a single or joint life basis at
the time you exercise your Guaranteed minimum income benefit. The maximum
period certain available under the life with a period certain payout option is
10 years. This period may be shorter, depending on the owner's age as follows:



- ----------------------------------------------------------
                    Level payments
- ----------------------------------------------------------
    Owner's age at           Period certain years
      exercise      --------------------------------------
                           IRAs         NQ
- ----------------------------------------------------------
                                 
   75 and younger           10          10
         76                  9          10
         77                  8          10
         78                  7          10
         79                  7          10
         80                  7          10
         81                  7           9
         82                  7           8
         83                  7           7
         84                  6           6
         85                  5           5
- ---------------------------------------------------------


We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
- --------------------------------------------------------------------------------


When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base, less any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit, you should consider the
fact that the it provides a form of insurance and is based on conservative
actuarial factors. The guaranteed annuity purchase factors we use to determine
your payout annuity benefit under the Guaranteed minimum income benefit are
more conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic
payment under our standard payout annuity options. Therefore, even if your
account value is less than your benefit base, you may generate more income by
applying your account value to current annuity purchase factors. We will make
this comparison for you when the need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE".  In general, if your
account value falls to zero (except, as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year or in the first contract year, all contributions received in the
first 90 days), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o  You will be issued a supplementary contract based on a single life with a
   maximum 10 year period certain. Payments will be made annually starting
   one year from the date the account value fell to zero.

o  You will have 30 days from when we notify you to change the payout option
   and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o  If your account value falls to zero due to a withdrawal that causes your
   total contract year withdrawals to exceed 6% of the Roll-Up benefit base
   (as of the beginning of the contract year);


                                              Contract features and benefits  35


o  If your aggregate withdrawals during any contract year exceed 6% of the
   Roll-Up benefit base (as of the beginning of the contract year or in the
   first contract year, all contributions received in the first 90 days);

o  Upon owner (or older joint owner, if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to
terminate even if a withdrawal causes your total contract year withdrawals to
exceed 6% of your Roll-Up benefit base.


ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT.  Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals or loans under Rollover TSA contracts, and assuming there were no
allocations to EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options or the loan reserve account under rollover TSA
contracts.


- -----------------------------------------------------------------
                                Guaranteed minimum income
      Contract date            benefit -- annual income
 anniversary at exercise           payable for life
- -----------------------------------------------------------------
          10                            $11,891
          15                            $18,597
- -----------------------------------------------------------------

EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us,
along with all required information within 30 days following your contract date
anniversary, in order to exercise this benefit. Upon exercise of the Guaranteed
minimum income benefit, the owner will become the annuitant, and the contract
will be annuitized on the basis of the owner's life. You will begin receiving
annual payments one year after the annuity payout contract is issued. If you
choose monthly or quarterly payments, you will receive your payment one month
or one quarter after the annuity payment contract is issued. You may choose to
take a withdrawal prior to exercising the Guaranteed minimum income benefit,
which will reduce your payments. You may not partially exercise this benefit.
See "Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death, or if later, the end of the period certain
(where the payout option chosen includes a period certain).

EXERCISE RULES. Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner, if applicable) age, as follows:

o  If you were at least age 20 and no older than age 44 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   15th contract date anniversary.

o  If you were at least age 45 and no older than age 49 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary after age 60.

o  If you were at least age 50 and no older than age 75 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   10th contract date anniversary.

Please note:

(i)    the latest date you may exercise the Guaranteed minimum income benefit
       is within 30 days following the contract date anniversary following the
       your 85th birthday;

(ii)   if you were age 75 when the contract was issued, or the Roll-Up benefit
       base was reset, the only time you may exercise the Guaranteed minimum
       income benefit is within 30 days following the contract date anniversary
       following your attainment of age 85;

(iii)  for Accumulator(R) Elite(SM) QP contracts, the Plan participant can
       exercise the Guaranteed minimum income benefit only if he or she elects
       to take a distribution from the Plan and, in connection with this
       distribution, the Plan's trustee changes the ownership of the contract to
       the participant. This effects a rollover of the Accumulator(R) Elite(SM)
       QP contract into an Accumulator(R) Elite(SM) Rollover IRA. This process
       must be completed within the 30-day timeframe following the contract date
       anniversary in order for the Plan participant to be eligible to exercise.
       However, if the Guaranteed minimum income benefit is automatically
       exercised as a result of the no lapse guarantee, a rollover into an IRA
       will not be effected and payments will be made directly to the trustee;

(iv)   for Accumulator(R) Elite(SM) Rollover TSA contracts, you may exercise the
       Guaranteed minimum income benefit only if you effect a rollover of the
       TSA contract to an Accumulator(R) Elite(SM) Rollover IRA. This may only
       occur when you are eligible for a distribution from the TSA. This process
       must be completed within the 30-day timeframe following the contract date
       anniversary in order for you to be eligible to exercise;


(v)    if you reset the Roll-Up benefit base (as described earlier in this
       section), your new exercise date will be the tenth contract date
       anniversary following the reset or, if later, the earliest date you would
       have been permitted to exercise without regard to the reset. Please note
       that in almost all cases, resetting your Roll-Up benefit base will
       lengthen the waiting period;


(vi)   a spouse beneficiary or younger spouse joint owner under Spousal
       continuation may only continue the Guaranteed minimum income benefit if
       the contract is not past the last date on which the original owner could
       have exercised the benefit. In addition, the spouse beneficiary or
       younger spouse joint owner must be eligible to continue the benefit and
       to exercise the benefit under the applicable exercise rule (described in
       the above bullets) using


36  Contract features and benefits


       the following additional rules. The spouse beneficiary or younger spouse
       joint owner's age on the date of the owner's death replaces the owner's
       age at issue for purposes of determining the availability of the benefit
       and which of the exercise rules applies. The original contract issue date
       will continue to apply for purposes of the exercise rules;

(vii)  if the contract is jointly owned, you can elect to have the Guaranteed
       minimum income benefit paid either: (a) as a joint life benefit or (b) as
       a single life benefit paid on the basis of the older owner's age; and

(viii) if the contract is owned by a trust or other non-natural person,
       eligibility to elect or exercise the Guaranteed minimum income benefit is
       based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.


GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions, adjusted for any withdrawals (and any associated withdrawal
charges). The standard death benefit is the only death benefit available for
owners (or older joint owners, if applicable) ages 76 through 85 at issue. Once
your contract is issued, you may not change or voluntarily terminate your death
benefit.


If you elect one of the enhanced death benefits, the death benefit is equal to
your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, information and forms necessary to
effect payment, or your elected enhanced death benefit on the date of the
owner's (or older joint owner's, if applicable) death adjusted for any
subsequent withdrawals (and associated withdrawal charges), whichever provides
the higher amount. See "Payment of death benefit" later in this Prospectus for
more information.


Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. For
contracts with non-natural owners, the death benefit will be payable upon the
death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.


OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA AND ROLLOVER TSA CONTRACTS; 0 THROUGH 70
AT ISSUE OF INHERITED IRA CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF QP
CONTRACTS. FOR CONTRACTS WITH NON-NATURAL OWNERS, THE AVAILABLE DEATH BENEFITS
ARE BASED ON THE ANNUITANT'S AGE.

Subject to state availability (see Appendix VII later in this Prospectus for
state availability of these benefits), you may elect one of the following
enhanced death benefits:

o  Annual Ratchet to age 85.


o  The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.


If you are using this contract to fund a charitable remainder trust, you will
have to take certain distribution amounts. You should consider split-funding so
that those distributions do not adversely impact your enhanced death benefit.
See "Owner and annuitant requirements" earlier in this section.


See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced death benefit.


Earnings enhancement benefit


Subject to state and contract availability (see Appendix VII later in this
Prospectus for state availability of these benefits), if you are purchasing a
contract, under which the Earnings enhancement benefit is available, you may
elect the Earnings enhancement benefit at the time you purchase your contract.
The Earnings enhancement benefit provides an additional death benefit as
described below. See the appropriate part of "Tax information" later in this
Prospectus for the potential tax consequences of electing to purchase the
Earnings enhancement benefit in an NQ, IRA or Rollover TSA contract. Once you
purchase the Earnings enhancement benefit, you may not voluntarily terminate
this feature. If you elect the Guaranteed withdrawal benefit for life the
Earnings enhancement benefit is not available.



                                              Contract features and benefits  37


If you elect the Earnings enhancement benefit described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

o  the account value or

o  any applicable death benefit

Decreased by:

o  total net contributions.


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions"
are reduced by the amount of that excess. Earnings enhancement benefit earnings
are equal to (a) minus (b) where (a) is the greater of the account value and
the death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals; and (ii) "Death benefit" is
equal to the greater of the account value as of the date we receive
satisfactory proof of death or any applicable Guaranteed minimum death benefit
as of the date of death.


If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o  the account value or

o  any applicable death benefit

Decreased by:

o  total net contributions.

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns
age 80, except that the benefit will be reduced for withdrawals on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
the current account value that is being withdrawn and we reduce the benefit by
that percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is
$40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 X .40)
and the benefit after the withdrawal would be $24,000 ($40,000 - $16,000).

For contracts with non-natural owners, your eligibility to elect the Earnings
enhancement benefit will be calculated based on the annuitant's age.

For an example of how the Earnings enhancement benefit death benefit is
calculated, please see Appendix VI.

For contracts continued under Spousal continuation, upon the death of the
spouse (or older spouse, in the case of jointly owned contracts), the account
value will be increased by the value of the Earnings enhancement benefit as of
the date we receive due proof of death. The benefit will then be based on the
age of the surviving spouse as of the date of the deceased spouse's death for
the remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later
in this Prospectus for more information.


The Earnings enhancement benefit must be elected when the contract is first
issued: neither the owner nor the successor owner can add it subsequently. Ask
your financial professional or see Appendix VII later in this Prospectus to see
if this feature is available in your state.



GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit, the Earnings enhancement benefit or one of our
Principal guarantee benefits, described later in this Prospectus. You may elect
one of our automated payment plans or you may take partial withdrawals. All
withdrawals reduce your account value and Guaranteed minimum death benefit. See
"Accessing your money" later in this Prospectus. Your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the permitted variable investment options.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).

For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint Life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.

For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no


38  Contract features and benefits


longer married, you may either: (i) drop the joint annuitant or (ii) replace
the original joint annuitant with the annuitant's new spouse. This can only be
done before the first withdrawal. After the first withdrawal, the joint
annuitant may be dropped but cannot be replaced. If the joint annuitant is
dropped after withdrawals begin, the charge continues based on a Joint life
basis. Joint annuitants are not permitted under any other contracts.


Joint life QP and TSA contracts are not permitted. This benefit is not
available under an Inherited IRA contract. If you are using this contract to
fund a charitable remainder trust, you will have to take certain distribution
amounts. You should consider split-funding so that those distributions do not
adversely impact your guaranteed withdrawal benefit for life. See "Owner and
annuitant requirements" earlier in this section.


The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o  You plan to take withdrawals in excess of your Guaranteed annual withdrawal
   amount because those withdrawals may significantly reduce or eliminate the
   value of the benefit (see "Effect of Excess withdrawals" below in this
   section);

o  You are interested in long term accumulation rather than taking withdrawals;

o  You are using the contract to fund a Rollover TSA or QP contract where
   withdrawal restrictions will apply; or

o  You plan to use it for withdrawals prior to age 59-1/2, as the taxable amount
   of the withdrawal will be includible in income and subject to an
   additional 10% federal income tax penalty, as discussed later in this
   Prospectus.

For traditional IRAs, TSA and QP contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.


GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o  Your GWBL benefit base increases by any subsequent contributions.


o  Your GWBL benefit base may be increased on each contract date anniversary, as
   described below under "Annual ratchet" and "5% deferral bonus."

o  Your GWBL benefit base is not reduced by withdrawals except those withdrawals
   that cause total withdrawals in a contract year to exceed your Guaranteed
   annual withdrawal amount ("Excess withdrawal"). See "Effect of Excess
   withdrawals" below in this section.


GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. For contracts held by non-natural owners, the initial Applicable
percentage is based on the annuitant's age or on the younger annuitant's age,
if applicable, at the time of the first withdrawal. If your GWBL benefit base
ratchets, as described below in this section under "Annual ratchet," on any
contract date anniversary after you begin taking withdrawals, your Applicable
percentage may increase based on your attained age at the time of the ratchet.
The Applicable percentages are as follows:


- --------------------------------------------
Age               Applicable percentage
- --------------------------------------------
45-64             4.0%
65-74             5.0%
75-84             6.0%
85 and older      7.0%
- --------------------------------------------

We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.

Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual withdrawal amount, but all withdrawals are counted toward
your free withdrawal amount. See "Withdrawal charge" in "Charges and expenses"
later in this Prospectus.


EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount. If you make an
Excess withdrawal, we will recalculate your GWBL benefit base and the
Guaranteed annual withdrawal amount, as follows:

       o   The GWBL benefit base is reset as of the date of the Excess
           withdrawal to equal the lesser of: (i) the GWBL benefit base
           immediately prior to the Excess withdrawal and (ii) the account
           value immediately following the Excess withdrawal.


                                              Contract features and benefits  39


       o   The Guaranteed annual withdrawal amount is recalculated o
           to equal the Applicable percentage multiplied by the reset GWBL
           benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your
account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your GWBL benefit base is $100,000 and your account value
is $80,000 when you decide to begin taking withdrawals at age 65. Your
Guaranteed annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You
take an initial withdrawal of $8,000. Since your GWBL benefit base is
immediately reset to equal the lesser of your GWBL benefit base prior to the
Excess withdrawal ($100,000) and your account value immediately following the
Excess withdrawal ($80,000 minus $8,000), your GWBL benefit base is now
$72,000. In addition, your Guaranteed annual withdrawal amount is reduced to
$3,600 (5.0% of $72,000), instead of the original $5,000. See "How withdrawals
affect your GWBL and GWBL Guaranteed minimum death benefit" in "Accessing your
money" later in this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.


ANNUAL RATCHET

Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal amount will also be increased,
if applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.


5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.


SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.


GWBL GUARANTEED MINIMUM DEATH BENEFIT


There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-85, and (ii) the GWBL Enhanced death
benefit, which is available for an additional charge for owner issue ages
45-75. Please see Appendix VII later in this Prospectus to see if these
guaranteed death benefits are available in your state.


The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial
contribution and any additional contributions less a deduction that reflects
any withdrawals you make (see "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus).

The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:


o Your GWBL Enhanced death benefit base increases by any subsequent
    contribution;



40  Contract features and benefits


o  Your GWBL Enhanced death benefit base increases to equal your account value
   if your GWBL benefit base is ratcheted, as described above in this
   section;

o  Your GWBL Enhanced death benefit base increases by any 5% deferral bonus, as
   described above in this section;

o  Your GWBL Enhanced death benefit base decreases by an amount which reflects
   any withdrawals you make.

See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death
benefit" in "Accessing your money" later in this Prospectus.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death adjusted for
any subsequent withdrawals (and associated withdrawal charges), whichever
provides a higher amount. For more information, see "Withdrawal charge" in
"Charges and expenses" later in the Prospectus.



EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO


If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.


However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  Your Accumulator(R) Elite(SM) contract terminates and you will receive a
   supplementary life annuity contract setting forth your continuing
   benefits. The owner of the Accumulator(R) Elite(SM) contract will be the
   owner and annuitant. The successor owner, if applicable, will be the joint
   annuitant. If the owner is non-natural, the annuitant and joint annuitant,
   if applicable, will be the same as under the your Accumulator(R) Elite(SM)
   contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.


o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual withdrawal amount for that contract year in a lump sum. Payment of
   the Guaranteed annual withdrawal amount will begin on the next contract
   date anniversary.


o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.

o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar for dollar
   basis as payments are made. If there is any remaining death benefit upon
   the death of the owner and successor owner, if applicable, we will pay it
   to the beneficiary.

o  The charge for the Guaranteed withdrawal benefit for life and the GWBL
   Enhanced death benefit will no longer apply.


o  If at the time of your death the Guaranteed annual withdrawal amount was
   being paid to you as a supplementary life annuity contract, your
   beneficiary may not elect the Beneficiary continuation option.



OTHER IMPORTANT CONSIDERATIONS


o  This benefit is not appropriate if you do not intend to take withdrawals
   prior to annuitization.


o  Amounts withdrawn in excess of your Guaranteed annual withdrawal amount may
   be subject to a withdrawal charge, if applicable, as described in "Charges
   and expenses" later in the Prospectus. In addition, all withdrawals count
   toward your free withdrawal amount for that contract year. Excess
   withdrawals can significantly reduce or completely eliminate the value of
   the GWBL and GWBL Enhanced death benefit. See "Effect of Excess
   withdrawals" above in this section and "How withdrawals affect your GWBL
   and GWBL Guaranteed minimum death benefit" in "Accessing your money" later
   in this Prospectus.

o  Withdrawals are not considered as annuity payments for tax purposes, and may
   be subject to an additional 10% Federal income tax penalty before age
   59-1/2. See "Tax information" later in this Prospectus.

o  All withdrawals reduce your account value and Guaranteed minimum death
   benefit. See "How withdrawals are taken from your account value" and "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing
   your money" later in this Prospectus.

o  If you withdraw less than the Guaranteed annual withdrawal amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   withdrawal amount in any subsequent year.

o  The GWBL benefit terminates if the contract is continued under the
   beneficiary continuation option or under the Spousal continuation feature
   if the spouse is not the successor owner.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual withdrawal amount, all benefits
   under the contract will terminate, including the GWBL benefit.


o  If you transfer ownership of this contract, you terminate the GWBL benefit.
   See "Transfers of ownership, collateral assignments, loans and borrowing"
   in "More information" later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer and this
   contract without purchasing a withdrawal benefit.


                                              Contract features and benefits  41


o For IRA, QP and TSA contracts, if you have to take a required minimum
    distribution ("RMD") and it is your first withdrawal under the contract,
    the RMD will be considered your "first withdrawal" for the purposes of
    establishing your BWB Applicable percentage.


o If you elect GWBL on a Joint life basis and subsequently get divorced, your
    divorce will not automatically terminate the contract. For both Joint life
    and Single life contracts, it is possible that the terms of your divorce
    decree could significantly reduce or completely eliminate the value of
    this benefit.



PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").

100% PRINCIPAL GUARANTEE BENEFIT.  The guaranteed amount under the 100%
Principal guarantee benefit is equal to your initial contribution and
additional permitted contributions, adjusted for withdrawals.


Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost
averaging and the permitted variable investment options.


125% PRINCIPAL GUARANTEE BENEFIT.  The guaranteed amount under the 125%
Principal guarantee benefit is equal to 125% of your initial contribution and
additional permitted contributions, adjusted for withdrawals.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost
averaging and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to
the allocation instructions for additional contributions we have on file. After
the benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to
the contract date anniversary following an owner's 85th birthday. If you elect
to reset the guaranteed amount, your benefit maturity date will be extended to
be the 10th contract date anniversary after the anniversary on which you reset
the guaranteed amount. This extension applies each time you reset the
guaranteed amount.


Neither PGB is available under Inherited IRA contracts. If you elect either
PGB, you may not elect the Guaranteed minimum income benefit, the Guaranteed
withdrawal benefit for life, the systematic withdrawals option or the
substantially equal withdrawals option. If you purchase a PGB, you may not make
additional contributions to your contract after six months from the contract
issue date. If you are using this contract to fund a charitable remainder
trust, you will have to take certain distribution amounts. You should consider
split-funding so that those distributions do not adversely impact your
Principal guarantee benefit for life. See "Owner and annuitant requirements"
earlier in this section.


If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will
terminate your PGB and the charge. See "Non-spousal joint owner contract
continuation" in "Payment of death benefit" later in this Prospectus. The PGB
will terminate upon the exercise of the beneficiary continuation option. See
"Payment of death benefit" later in this Prospectus for more information about
the continuation of the contract after the death of the owner and/or the
annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your
contract beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only)
are not permitted under either PGB.


INHERITED IRA BENEFICIARY CONTINUATION CONTRACT

This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to
the beneficiary after the deceased owner's death. See the discussion of
required minimum distributions under "Tax information." This contract is
intended only for beneficiaries who want to take payments at least


42  Contract features and benefits



annually over their life expectancy. These payments generally must begin (or
must have begun) no later than December 31 of the calendar year following the
year the deceased owner died. This contract is not suitable for beneficiaries
electing the "5-year rule." See "Beneficiary continuation option for IRA and
Roth IRA contracts" under "Beneficiary continuation option" in "Payment of
death benefit" later in this Prospectus. You should discuss with your tax
adviser your own personal situation. This contract may not be available in all
states. Please speak with your financial professional for further information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with
only individual beneficiaries will be treated as individuals for this purpose).
The contract must also contain the name of the deceased owner. In this
discussion, "you" refers to the owner of the inherited IRA beneficiary
continuation contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:
o  You must receive payments at least annually (but can elect to receive
   payments monthly or quarterly). Payments are generally made over your life
   expectancy determined in the calendar year after the deceased owner's
   death and determined on a term certain basis.
o  You must receive payments from this contract even if you are receiving
   payments from another IRA of the deceased owner in an amount that would
   otherwise satisfy the amount required to be distributed from this
   contract.
o  The beneficiary of the original IRA will be the annuitant under the inherited
   IRA beneficiary continuation contract. In the case where the beneficiary
   is a "See Through Trust," the oldest beneficiary of the trust will be the
   annuitant.
o  An inherited IRA beneficiary continuation contract is not available for
   owners over age 70.

o  The initial contribution must be a direct transfer from the deceased owner's
   original IRA and is subject to minimum contribution amounts. See "How you
   can purchase and contribute to your contract" earlier in this section.

o  Subsequent contributions of at least $1,000 are permitted but must be direct
   transfers of your interest as a beneficiary from another IRA with a
   financial institution other than AXA Equitable, where the deceased owner
   is the same as under the original IRA contract. A non-spousal beneficiary
   under an Applicable Plan cannot make subsequent contributions to an
   Inherited traditional IRA contract.


o  You may make transfers among the investment options.


o  You may choose at any time to withdraw all or a portion of the account value.
   Any partial withdrawal must be at least $300. Withdrawal charges if
   applicable under your contract, will apply as described in "Charges and
   expenses" later in this Prospectus.


o  The Guaranteed minimum income benefit, Spousal continuation, special dollar
   cost averaging program (if applicable), automatic investment program,
   Principal guarantee benefits, the Guaranteed withdrawal benefit for life
   and systematic withdrawals are not available under the Inherited IRA
   beneficiary continuation contract.

o  If you die, we will pay to a beneficiary that you choose the greater of the
   account value or the applicable death benefit.

o  Upon your death, your beneficiary has the option to continue taking required
   minimum distributions based on your remaining life expectancy or to
   receive any remaining interest in the contract in a lump sum. The option
   elected will be processed when we receive satisfactory proof of death, any
   required instructions for the method of payment and any required
   information and forms necessary to effect payment. If your beneficiary
   elects to continue to take distributions, we will increase the account
   value to equal the applicable death benefit if such death benefit is
   greater than such account value as of the date we receive satisfactory
   proof of death and any required instructions, information and forms.
   Thereafter, withdrawal charges (if applicable under your contract) will no
   longer apply. If you had elected any enhanced death benefits, they will no
   longer be in effect and charges for such benefits will stop. The
   Guaranteed minimum death benefit will also no longer be in effect.


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix VII to find out what
applies in your state.


Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification of your decision to cancel the contract and will reflect (i) any
investment gain or loss in the variable investment options (less the daily
charges we deduct), (ii) any guaranteed interest in the guaranteed interest
option, (iii) any positive or negative market value adjustments in the fixed
maturity options through the date we



                                              Contract features and benefits  43


receive your contract, and (iv) any interest in the account for special dollar
cost averaging through the date we receive your contract. Some states require
that we refund the full amount of your contribution (not reflecting (i), (ii),
(iii), or (iv) above). For any IRA contract returned to us within seven days
after you receive it, we are required to refund the full amount of your
contribution.

We may require that you wait six months before you may apply for a contract
with us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office, or your financial professional, can provide you with the
cancellation instructions.


44  Contract features and benefits


2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; (iv) the account for special dollar cost
averaging and (v) the loan reserve account (applicable to Rollover TSA
contracts only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge as well
as optional benefit charges; (ii) any applicable withdrawal charges and (iii)
the amount of any outstanding loan plus accrued interest (applicable to
Rollover TSA contracts only). Please see "Surrendering your contract to receive
its cash value" in "Accessing your money" later in this Prospectus.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a Rollover TSA contract.

In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct
the annual administrative charge. A description of how unit values are
calculated is found in the SAI.


YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.


YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.


YOUR CONTRACT'S VALUE IN THE ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

Your value in the account for special dollar cost averaging at any time will
equal your contribution allocated to that option, plus interest, less the sum
of all amounts that have been transferred to the variable investment options
you have selected.

                      ----------------------------------

If you apply for this contract by electronic means, please see Appendix VII for
additional information.


INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.

See Appendix VII later in this Prospectus for any state variations with regard
to terminating your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.


                                           Determining your contract's value  45


PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account
value is insufficient to pay charges, we will not terminate your contract if
you are participating in a PGB. Your contract will remain in force and we will
pay your guaranteed amount at the benefit maturity date.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to a GWBL Excess
withdrawal, we will terminate your contract and you will receive no payment or
supplementary life annuity contract, even if your GWBL benefit base is greater
than zero. If, however, your account value falls to zero, either due to a
withdrawal or surrender that is not a GWBL Excess withdrawal or due to a
deduction of charges, the benefit will still have value. See "Contract features
and benefits" earlier in this Prospectus.


46  Determining your contract's value


3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the investment options, subject to the
following:

o  You may not transfer any amount to the account for special dollar cost
   averaging.


o  You may not transfer to a fixed maturity option that has a rate to maturity
   of 3%.
o  If an owner or annuitant is age 76-80, you must limit your transfers to fixed
   maturity options with maturities of seven years or less. If an owner or
   annuitant is age 81 or older, you must limit your transfers to fixed
   maturity options of five years or less. Also, the maturity dates may be no
   later than the date annuity payments are to begin.

o  If you make transfers out of a fixed maturity option other than at its
   maturity date, the transfer may cause a market value adjustment.


o  A transfer into the guaranteed interest option will not be permitted if such
   transfer would result in more than 25% of the annuity account value being
   allocated to the guaranteed interest option, based on the annuity account
   value as of the previous business day.

In addition, we reserve the right to restrict transfers among variable
investment options including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a) 25% of the amount you have in the guaranteed interest option on the last day
    of the prior contract year; or,

(b) the total of all amounts transferred at your request from the guaranteed
    interest option to any of the investment options in the prior contract year;
    or

(c) 25% of amounts transferred or allocated to the guaranteed interest option
    during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day that we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentages of your current account value to be
    transferred, and

(3) the investment options to and from which you are transferring. We will
    confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.



DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.


                            Transferring your money among investment options  47


We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.



REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows
you to rebalance your account value among the variable investment options.
Option II allows you to rebalance among the variable investment options and the
guaranteed interest option. Under both options, rebalancing is not available
for amounts you have allocated to the fixed maturity options.


In order to participate in one of our rebalancing programs, you must tell us:


(a) the percentage you want invested in each investment option (whole
    percentages only), and

(b) how often you want the rebalancing to occur (quarterly, semiannually, or
    annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer into or out of the guaranteed interest
option to initiate the rebalancing program will not


48  Transferring your money among investment options


be permitted if such transfer would violate these rules. If this occurs, the
rebalancing program will not go into effect.

You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.

If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.


                            Transferring your money among investment options  49



4. Accessing your money


- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.

Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.






- --------------------------------------------------------------------------------
                                   Method of withdrawal
                    ------------------------------------------------------------
                                                               Lifetime
                                                               required
                                              Substantially     minimum
     Contract       Partial     Systematic        equal       distribution
- --------------------------------------------------------------------------------
                                                      
NQ                   Yes           Yes             No             No
- --------------------------------------------------------------------------------
Rollover IRA         Yes           Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth
 Conversion
 IRA                 Yes           Yes             Yes            No
- --------------------------------------------------------------------------------
Inherited IRA        Yes           No              No              *
- --------------------------------------------------------------------------------
QP**                 Yes           No              No             Yes
- --------------------------------------------------------------------------------
Rollover
 TSA***              Yes           Yes             No             Yes
- --------------------------------------------------------------------------------




  *  This contract pays out post-death required minimum distributions. See
     "Inherited IRA beneficiary continuation contract" in "Contract features
     and benefits" earlier in this Prospectus.

 **  All payments are made to the Trust as the owner of the contract.

***  For some Rollover TSA contracts, your ability to take withdrawals, loans or
     surrender your contract may be limited. You must provide withdrawal
     restriction information when you apply for a contract. See "Tax Sheltered
     Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.



AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.



MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.


If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.


CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with any Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.


PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). Under Rollover TSA contracts, if a loan is
outstanding, you may only take partial withdrawals as long as the cash value
remaining after any withdrawal equals at least 10% of the outstanding loan plus
accrued interest.

Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.



50  Accessing your money


SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRA and QP)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).

You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. Systematic withdrawals are not available if you have elected a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life.



SUBSTANTIALLY EQUAL WITHDRAWALS
(Rollover IRA and Roth Conversion IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Once you begin to take substantially equal withdrawals, you should
not stop them or change the pattern of your withdrawals until after the later
of age 59-1/2 or five full years after the first withdrawal. If you stop or
change the withdrawals or take a partial withdrawal, you may be liable for the
10% federal tax penalty that would have otherwise been due on prior withdrawals
made under this option and for any interest on the delayed payment of the
penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.


Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge.

The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, QP and Rollover TSA contracts only -- See "Tax information"
later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or Guaranteed minimum income benefit, amounts
withdrawn from the contract to meet RMDs will reduce the benefit base and may
limit the utility of the benefit. Also, the actuarial present value of
additional contract benefits must be added to the account value in calculating
required minimum distribution withdrawals from annuity contracts funding
qualified plans, TSAs and IRAs, which could increase the amount required to be
withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if,


                                                        Accessing your money  51



when added to a partial withdrawal previously taken in the same contract year,
the minimum distribution withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH GWBL. Generally, if you elect our Automatic RMD service, any
lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.


If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawals may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the
plan again at any time, but the scheduled payments will not resume until the
next contract date anniversary. Further, your GWBL benefit base and Guaranteed
annual withdrawal amount may be reduced. See "Effect of Excess Withdrawals" in
"Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT. The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6% of the Roll-Up benefit base (as of the beginning of
the contract year or in the first contract year, all contributions received
within the first 90 days).


Owners of tax-qualified contracts (IRA, TSA and QP) generally should not reset
the Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/Guaranteed minimum income benefit Roll-Up benefit base reset." in
"Contract features and benefits" earlier in this Prospectus.



HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and the guaranteed interest option, any additional amount of
the withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options in the order of the earliest maturity date(s)
first. If the FMO amounts are insufficient, we will deduct all or a portion of
the withdrawal from the account for special dollar cost averaging. A market
value adjustment will apply to withdrawals from the fixed maturity options.


HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 x .40) and your new benefit after the withdrawal would be
$24,000 ($40,000-$16,000).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% Roll-Up to age 85 benefit base on a dollar-for-dollar basis,
as long as the sum of withdrawals in a contract year is 6% or less of the 6%
Roll-Up benefit base on the contract issue date or the most recent contract
date anniversary, if later. For this purpose, in the first contract year, all
contributions received in the first 90 days after contract issue will be
considered to have been received on the first day of the contract year. In
subsequent contract years, additional contributions made during the contract
year do not affect the amount of withdrawals that can be taken on a dollar-for
dollar basis in that contract year. Once a withdrawal is taken that causes the
sum of withdrawals in a contract year to exceed 6% of the benefit base on the
most recent anniversary, that entire withdrawal (including RMDs) and any
subsequent withdrawals in that same contract year will reduce the benefit base
pro rata. Reduction on a dollar-for-dollar basis means that your 6% Roll-Up to
age 85 benefit base will be reduced by the dollar amount of the withdrawal for
each Guaranteed benefit. The Annual Ratchet to age 85 benefit base will always
be reduced on a pro rata basis.



HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT

Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the


52  Accessing your money


Guaranteed annual withdrawal amount. Withdrawals that exceed the Guaranteed
annual withdrawal amount, however, can significantly reduce your GWBL benefit
base and Guaranteed annual withdrawal amount. For more information, see "Effect
of Excess withdrawals" and "Other important considerations" under "Guaranteed
withdrawal benefit for life ("GWBL")" in "Contract features and benefits"
earlier in this Prospectus.


Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than
your account value (after the Excess withdrawal), we will further reduce your
GWBL Enhanced death benefit base to equal your account value.

For purposes of calculating your GWBL and GWBL Guaranteed minimum death benefit
amount, the amount of the excess withdrawal will include the withdrawal amount
paid to you and the amount of the withdrawal charge deducted from your account
value. For more information on calculation of the charge, see "Withdrawal
charge" later in the Prospectus.


WITHDRAWALS TREATED AS SURRENDERS


If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. In addition, we
have the right to pay the cash value and terminate this contract if no
contributions are made during the last three completed contract years, and the
account value is less than $500, or if you make a withdrawal that would result
in a cash value of less than $500. The rules in the preceding sentence do not
apply if the Guaranteed minimum income benefit no lapse guarantee is in effect
on your contract. See "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.



SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. We will not treat
a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life" in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you
may only take a loan with the written consent of your spouse. If you elect the
GWBL option or a PGB, loans are not permitted. Your contract contains further
details of the loan provision. If you elect the Guaranteed withdrawal for life
benefit, loans are not permitted. Please see Appendix VII later in this
Prospectus for any state restrictions you may be subject to if you take a loan
from a Rollover TSA contract. Also, see "Tax information" later in this
Prospectus for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of a loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1)  the date annuity payments begin,

(2)  the date the contract terminates, and


(3)  the date a death benefit is paid (the outstanding loan, including any
     accrued but unpaid loan interest, will be deducted from the death benefit
     amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options and the guaranteed interest option. If those amounts are
insufficient, any additional amount of the loan will be subtracted from the
fixed maturity options, in the order of the earliest maturity date(s) first. A
market value adjustment may apply. If such fixed maturity amounts are
insufficient, we will deduct all or a portion of the loan from the account for
special dollar cost averaging.

For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify oth-



                                                        Accessing your money  53


erwise, we will transfer the dollar amount of the loan repaid from the loan
reserve account to the investment options according to the allocation
percentages we have on our records.


The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE


You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts, with non-natural owners while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.


All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable), if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6% of the Roll-Up benefit base (as of the beginning of the contract
year). For more information, please see "Insufficient account value" in
"Determining your contract value" and "Guaranteed withdrawal benefit for life"
in "Contract features and benefits" earlier in this Prospectus.


You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal charges) and, upon surrender, payment of the cash
value. We may postpone such payments or applying proceeds for any period during
which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option, fixed maturity options and the account for special dollar cost
averaging (other than for death benefits) for up to six months while you are
living. We also may defer payments for a reasonable amount of time (not to
exceed 10 days) while we are waiting for a contribution check to clear.


All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.



YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Elite(SM) provide for
conversion to payout status at or before the contract's "maturity date." This
is called annuitization. When your contract is annuitized, your Accumulator(R)
Elite(SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Elite(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may
exercise your benefit in accordance with its terms.


Your Accumulator(R) Elite(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments, which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VII later in this
Prospectus for variations that may apply to your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus for further information.


54  Accessing your money



- --------------------------------------------------------------------------------
Fixed annuity payout options              Life annuity
                                          Life annuity with period certain
                                          Life annuity with refund certain
                                          Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity                Life annuity
  payout options                          Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options         Life annuity with period certain
  (available for owners and               Period certain annuity
  annuitants age 83 or less at
  contractissue)
- --------------------------------------------------------------------------------


o  Life annuity: An annuity that guarantees payments for the rest of the
   annuitant's life. Payments end with the last monthly payment before the
   annuitant's death. Because there is no continuation of benefits following
   the annuitant's death with this payout option, it provides the highest
   monthly payment of any of the life annuity options, so long as the
   annuitant is living.

o  Life annuity with period certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the end of a
   selected period of time ("period certain"), payments continue to the
   beneficiary for the balance of the period certain. The period certain
   cannot extend beyond the annuitant's life expectancy. A life annuity with
   a period certain is the form of annuity under the contracts that you will
   receive if you do not elect a different payout option. In this case, the
   period certain will be based on the annuitant's age and will not exceed 10
   years.

o  Life annuity with refund certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the amount
   applied to purchase the annuity option has been recovered, payments to the
   beneficiary will continue until that amount has been recovered. This
   payout option is available only as a fixed annuity.

o  Period certain annuity: An annuity that guarantees payments for a specific
   period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
   not exceed the annuitant's life expectancy. This option does not guarantee
   payments for the rest of the annuitant's life. It does not permit any
   repayment of the unpaid principal, so you cannot elect to receive part of
   the payments as a single sum payment with the rest paid in monthly annuity
   payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life and, after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.



INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your contract.

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) Elite(SM)
contract to an Income Manager(SM) payout annuity. In this case, we will consider
any amounts applied as a withdrawal from your Accumulator(R) Elite(SM), and we
will deduct any applicable withdrawal charge. For the tax consequences of
withdrawals, see "Tax information" later in this Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option, different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income Manager(SM) prospectus.



THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION

The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of


                                                        Accessing your money  55



your purchase as it relates to any withdrawal charges. If amounts in a fixed
maturity option are used to purchase any annuity payout option prior to the
maturity date, a market value adjustment will apply.


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under our contract is imposed if you select a
non-life contingent period certain payout annuity. If the period certain is
more than 5 years, then the withdrawal charge deducted will not exceed 5% of
the account value.

For the Income Manager(SM) life contingent payout options no withdrawal charge
is imposed under your contract. If the withdrawal charge that otherwise would
have been applied to your account value under your contract is greater than 2%
of the contributions that remain in your contract at the time you purchase your
payout option, the withdrawal charges under the Income Manager(SM) will apply.
The year in which your account value is applied to the payout option will be
"contract year 1."



SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.


You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) Elite(SM) contract date. Except with
respect to the Income Manager(SM) annuity payout options, where payments are
made on the 15th day of each month, you can change the date your annuity
payments are to begin anytime before that date as long as you do not choose a
date later than the 28th day of any month. Also, that date may not be later than
the annuity maturity date described below.

The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) payout option is chosen.


ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for
life," these payments will have the potential to increase with favorable
investment performance. Any remaining Guaranteed minimum death benefit value
will be transferred to the annuity payout contract as your "minimum death
benefit." If the enhanced death benefit had been elected, its value as of the
date the annuity payout contract is issued will become your minimum death
benefit, and it will no longer increase. The minimum death benefit will be
reduced dollar for dollar by each payment. If you die while there is any
minimum death benefit remaining, it will be paid to your beneficiary.


Please see Appendix VII later in this Prospectus for variations that may apply
in your state.


56  Accessing your money


5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o  A mortality and expense risks charge

o  An administrative charge

o  A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o  On each contract date anniversary -- an annual administrative charge, if
   applicable.

o  At the time you make certain withdrawals or surrender your contract -- a
   withdrawal charge.

o  On each contract date anniversary, a charge for each optional benefit you
   elect: a death benefit (other than the Standard and GWBL Standard death
   benefit); the Guaranteed minimum income benefit; the Guaranteed withdrawal
   benefit for life; and the Earnings enhancement benefit.

o  On any contract date anniversary on which you are participating in a PGB -- a
   charge for a PGB.

o  At the time annuity payments are to begin -- charges designed to approximate
   certain taxes that may be imposed on us, such as premium taxes in your
   state. An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits and features. Please contact your financial
professional for more information.



SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard death benefit. The daily charge is
equivalent to an annual rate of 1.10% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.30% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.25%
of the net assets in each variable investment option.



ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (if available) in order of the earliest maturity date(s)
first. If such fixed maturity option amounts are insufficient, we will deduct
all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered


                                                        Charges and expenses  57



or annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year. A
market value adjustment will apply to deductions from the fixed maturity
options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceeds the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or to apply your cash value to a non-life contingent
annuity payout option. For more information about the withdrawal charge if you
select an annuity payout option, see "Your annuity payout options--The amount
applied to purchase an annuity payout option" in "Accessing your money" earlier
in the Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn in any
of the first four years after we receive a contribution. We determine the
withdrawal charge separately for each contribution according to the following
table:

- ---------------------------------------------------------------------
                           Contract year
- ---------------------------------------------------------------------
                                    1     2     3     4      5
- ---------------------------------------------------------------------
  Percentage of contribution        8%    7%    6%    5%     0%
- ---------------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1" and the withdrawal
charge is reduced or expires on each applicable contract date anniversary.
Amounts withdrawn up to the free withdrawal amount are not considered
withdrawals of any contribution. We also treat contributions that have been
invested the longest as being withdrawn first. We treat contributions as
withdrawn before earnings for purposes of calculating the withdrawal charge.
However, federal income tax rules treat earnings under your contract as
withdrawn first. See "Tax information" later in this Prospectus.


In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and withdrawal charge from your account
value. The amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.


The withdrawal charge does not apply in the circumstances described below.

10% free withdrawal amount. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase the 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.

For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract), and (2)
the 10% free withdrawal amount defined above.


Certain withdrawals. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced
death benefit, the withdrawal charge will be waived for any withdrawal that,
together with any prior withdrawals made during the contract year, does not
exceed 6% of the beginning of contract year 6% Roll-Up to age 85 benefit base,
even if such withdrawals exceed the free withdrawal amount. Also, a withdrawal
charge does not apply to a withdrawal that exceeds 6% of the beginning of
contract year 6% Roll-Up to age 85 benefit base as long as it does not exceed
the free withdrawal amount. If your withdrawal exceeds the amount described
above, this waiver is not applicable to that withdrawal, nor to any subsequent
withdrawal for the life of the contract.

If you elect the Guaranteed withdrawal benefit for life, we will waive any
withdrawal charge for any withdrawals during the contract year up to the
Guaranteed annual withdrawal amount, even if such withdrawals exceed the free
withdrawal amount. However, each withdrawal reduces the free withdrawal amount
for that contract year by the amount of the withdrawal. Also, a withdrawal
charge does not apply to a withdrawal that exceeds the Guaranteed annual
withdrawal amount as long as it does not exceed the free withdrawal amount.
Withdrawal charges, if applicable, are applied to the amount of the withdrawal
that exceeds both the free withdrawal amount and the Guaranteed annual
withdrawal amount.


Disability, terminal illness or confinement to nursing home. The withdrawal
charge also does not apply if:

(i)   An owner (or older joint owner, if applicable) has qualified to receive
      Social Security disability benefits as certified by the Social Security
      Administration; or

(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that an owner's (or older joint owner's, if applicable) life
      expectancy is six months or less; or

(iii) An owner (or older joint owner, if applicable) has been confined to a
      nursing home for more than 90 days (or such other period, as required in
      your state) as verified by a licensed physician. A nursing home for this
      purpose means one that is (a) approved by Medicare as a provider of
      skilled nursing care service, or (b) licensed as a skilled nursing home by
      the state or territory in which it is located (it must be within the
      United States, Puerto Rico, or U.S. Virgin Islands) and meets all of the
      following:


58  Charges and expenses


    -- its main function is to provide skilled, intermediate, or custodial
       nursing care;
    -- it provides continuous room and board to three or more persons;
    -- it is supervised by a registered nurse or licensed practical nurse;
    -- it keeps daily medical records of each patient;
    -- it controls and records all medications dispensed; and
    -- its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions as described in (i), (ii)
or (iii) above existed at the time a contribution was remitted or if the
condition began within 12 months of the period following remittance. Some
states may not permit us to waive the withdrawal charge in the above
circumstances, or may limit the circumstances for which the withdrawal charge
may be waived. Your financial professional can provide more information or you
may contact our processing office.


GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.60% of the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85
benefit base.


GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.


We will deduct this charge from your value in the variable investment options
(or, if applicable, the permitted variable investment options) and the
guaranteed interest option on a pro rata basis (see Appendix VII later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state). If those amounts are insufficient, we will deduct
all or a portion of the charge from the fixed maturity options (if applicable)
in the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If such fixed
maturity option amounts are still insufficient, we will deduct all or a portion
of the charge from the account for special dollar cost averaging. If the
contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of
the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.


PRINCIPAL GUARANTEE BENEFITS CHARGE


If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal to 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee
benefit. We will continue to deduct this charge until your benefit maturity
date. We will deduct this charge from your value in the permitted variable
investment options and the guaranteed interest option (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If such amounts are
insufficient, we will deduct all or a portion from the account for special
dollar cost averaging. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option, or the contract date anniversary after the owner (or older joint
owner, if applicable) reaches 85, whichever occurs first. The charge is equal
to 0.65% of the applicable benefit base in effect on the contract date
anniversary.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options in the
order of the earliest maturity date(s) first. A market value adjustment will
apply to deductions from the fixed maturity options. If such fixed maturity
option amounts are still insufficient, we will deduct all or a portion of the
charge from the account for special dollar cost averaging. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


EARNINGS ENHANCEMENT BENEFIT CHARGE

If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary


                                                        Charges and expenses  59



for which it is in effect. The charge is equal to 0.35% of the account value on
each contract date anniversary. We will deduct this charge from your value in
the variable investment options and the guaranteed interest option on a pro
rata basis. If those amounts are insufficient, we will deduct all or a portion
of the charge from the fixed maturity options in the order of the earliest
maturity date(s) first. If such fixed maturity option amounts are insufficient,
we will deduct all or a portion of the charge from the account for special
dollar cost averaging. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. We will
deduct this charge from your value in the permitted variable investment options
and the guaranteed interest option on a pro rata basis (See Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are insufficient, we will
deduct all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro
rata portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the Single Life option is 0.75%. The maximum charge for the
Joint Life option is 0.90%. The increased charge, if any, will apply as of the
contract date anniversary on which your GWBL benefit base ratchets and on all
contract date anniversaries thereafter. We will permit you to opt out of the
ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time
to reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.


CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity payout option. This option may not be available at the time
you elect to annuitize or it may have a different charge.



CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o  Management fees ranging from 0.05% to 1.40%.

o  12b-1 fees of either 0.25% or 0.35%.


o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian
   fees and liability insurance.

o  Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.



GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to the 12b-1
fee. Group arrangements include those in which a trustee or an employer, for
example, purchases contracts covering a group of individuals on a group basis.
Group arrangements are not available for Rollover IRA and Roth Conversion IRA
contracts. Sponsored arrangements include those in which an employer allows us
to sell contracts to its employees or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We also may establish different rates to maturity for the fixed maturity
options under different classes of contracts for group or sponsored
arrangements.


60  Charges and expenses


We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.


OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.


                                                        Charges and expenses  61


6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In
a QP contract, the beneficiary must be the trustee. Where an NQ contract is
owned for the benefit of a minor pursuant to the Uniform Gift to Minors Act or
the Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit.
We determine the amount of the death benefit (other than the applicable
Guaranteed minimum death benefit) and any amount applicable under the Earnings
enhancement benefit, as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. The amount of the applicable Guaranteed
minimum death benefit will be such Guaranteed minimum death benefit as of the
date of the owner's (or older joint owner's, if applicable) death adjusted for
any subsequent withdrawals. For Rollover TSA contracts with outstanding loans,
we will reduce the amount of the death benefit by the amount of the outstanding
loan, including any accrued but unpaid interest on the date that the death
benefit payment is made.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.


EFFECT OF THE OWNER'S DEATH


In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death
of the annuitant. For Joint life contracts with GWBL, the death benefit is paid
to the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature or under our Beneficiary continuation option, as
discussed below. For contracts with non-spousal joint owners, the joint owner
will be able to continue the contract as a successor owner subject to the
limitations discussed below under "Non-spousal joint owner contract
continuation." If you are the sole owner and your spouse is the sole primary
beneficiary, your surviving spouse can continue the contract as a successor
owner as discussed below, under "Spousal continuation" or under our Beneficiary
continuation option, as discussed below.


If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require
payments of amounts under the contract to be made within five years of an
owner's death (the "5-year rule"). In certain cases, an individual beneficiary
or non-spousal surviving joint owner may opt to receive payments over his/her
life (or over a period not in excess of his/her life expectancy) if payments
commence within one year of the owner's death. Any such election must be made
in accordance with our rules at the time of death. If the beneficiary of a
contract with one owner or a younger non-spousal joint owner continues the
contract under the 5-year rule, in general, all guaranteed benefits and their
charges will end. If a PGB election is in effect upon your death with a benefit
maturity date of less than five years from the date of death, it will remain in
effect. For more information on non-spousal joint owner contract continuation,
see the section immediately below.


NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint


62  Payment of death benefit


owner within five years. The surviving owner may instead elect to receive a
life annuity, provided payments begin within one year of the deceased owner's
death. If the life annuity is elected, the contract and all benefits terminate.


If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to
five years; or (4) continue the contract under the Beneficiary continuation
option. If the contract continues, the Guaranteed minimum death benefit and
charge and the Guaranteed minimum income benefit and charge will then be
discontinued. Withdrawal charges will no longer apply, and no additional
contributions will be permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the Beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. Withdrawal charges will continue to apply and no additional
contributions will be permitted.

Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more
than five years from the date of death, we will terminate the benefit and the
charge.


SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your spouse, your spouse may elect to
continue the contract as successor owner upon your death. Spousal beneficiaries
(who are not also joint owners) must be 85 or younger as of the date of the
deceased spouse's death in order to continue the contract under Spousal
continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse
beneficiary (under a Single owner contract), may elect to receive the death
benefit or continue the contract, as follows:

o  As of the date we receive satisfactory proof of your death, any required
   instructions, information and forms necessary, we will increase the account
   value to equal the elected Guaranteed minimum death benefit as of the date of
   your death if such death benefit is greater than such account value, plus any
   amount applicable under the Earnings enhancement benefit, and adjusted for
   any subsequent withdrawals. The increase in the account value will be
   allocated to the investment options according to the allocation percentages
   we have on file for your contract.

o  In general, withdrawal charges will no longer apply to contributions made
   before your death. Withdrawal charges will apply if additional contributions
   are made.

o  The applicable Guaranteed minimum death benefit option may continue as
   follows:

     o If the surviving spouse is age 75 or younger on the date of your death,
       and you were age 84 or younger at death, the Guaranteed minimum death
       benefit you elected continues and will continue to grow according to its
       terms until the contract date anniversary following the date the
       surviving spouse reaches age 85.

     o If the surviving spouse is age 75 or younger on the date of your death,
       and you were age 85 or older at death, we will reinstate the Guaranteed
       minimum death benefit you elected. The benefit base (which had previously
       been frozen at age 85) will now continue to grow according to its terms
       until the contract date anniversary following the date the surviving
       spouse reaches age 85.

     o If the surviving spouse is age 76 or over on the date of your death, the
       Guaranteed minimum death benefit and charge will be discontinued.


     o If the Guaranteed minimum death benefit continues, the Guaranteed minimum
       death benefit/Guaranteed minimum income benefit roll up benefit base
       reset, if applicable, will be based on the surviving spouse's age at the
       time of your death. The next available reset will be based on the
       contract issue date or last reset, as applicable.

     o For single owner contracts with the GWBL Enhanced death benefit, we will
       discontinue the benefit and charge. However, we will freeze the GWBL
       Enhanced death benefit base as of the date of your death (less subsequent
       withdrawals), and pay it upon your spouse's death.

o  The Earnings enhancement benefit will be based on the surviving spouse's age
   at the date of the deceased spouse's death for the remainder of the life
   of the contract. If the benefit had been previously frozen because the
   older spouse had attained age 80, it will be reinstated if the surviving
   spouse is age 75 or younger. The benefit is then frozen on the contract
   date anniversary after the surviving spouse reaches age 80. If the
   surviving spouse is age 76 or older, the benefit and charge will be
   discontinued.

o  If elected, PGB continues and is based on the same benefit maturity date and
   guaranteed amount that was guaranteed.

o  The Guaranteed minimum income benefit may continue if the benefit had not
   already terminated and the benefit will be based on the surviving spouse's
   age at the date of the deceased spouse's death. See "Guaranteed minimum
   income benefit" in "Contract features and benefits" earlier in this
   Prospectus.

o  If you elect the Guaranteed withdrawal benefit for life on a Joint life
   basis, the benefit and charge will remain in effect and no death benefit
   is payable until the death of the surviving spouse. Withdrawal charges
   will continue to apply to all contributions made prior to the deceased
   spouse's death. No additional contributions will be permitted. If you
   elect the Guaranteed withdrawal benefit for life on a Single life basis,
   the benefit and charge will terminate.


                                                    Payment of death benefit  63


o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o  The Guaranteed minimum death benefit and the Earnings enhancement benefit and
   the Guaranteed minimum income benefit continue to be based on the older
   spouse's age for the life of the contract.

o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant.

o  If a PGB had been elected, the benefit continues and is based on the same
   benefit maturity date and guaranteed amount.

o  If you elect the Guaranteed withdrawal benefit for life, the benefit and
   charge will remain in effect and no death benefit is payable until the death
   of the surviving spouse.

o  The withdrawal charge schedule remains in effect.

If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.


BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VI later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.


BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Earnings enhancement benefit, adjusted for any
subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  The beneficiary replaces the deceased owner as annuitant.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
   the GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum


64  Payment of death benefit


   distributions based on the remaining life expectancy of the deceased
   beneficiary or to receive any remaining interest in the contract in a lump
   sum. The option elected will be processed when we receive satisfactory
   proof of death, any required instructions for the method of payment and any
   required information and forms necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. For purposes of this discussion, "beneficiary" refers to
the successor owner. This feature must be elected within 9 months following the
date of your death and before any other inconsistent election is made.
Beneficiaries who do not make a timely election will not be eligible for this
option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o  This feature is only available if the beneficiary is an individual. It is not
   available for any entity such as a trust, even if all of the beneficiaries of
   the trust are individuals.

o  The beneficiary automatically replaces the existing annuitant.

o  The contract continues in your name for the benefit of your beneficiary.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the respective
   beneficiary's own life expectancy, if scheduled payments are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB or the Guaranteed withdrawal benefit for life
   or the GWBL Enhanced death benefit under the contract, they will no longer be
   in effect and charges for such benefits will stop. Also, any Guaranteed
   minimum death benefit feature will no longer be in effect.

o  If the beneficiary chooses the "5-year rule," withdrawals may be made at any
   time. If the beneficiary instead chooses scheduled payments, the beneficiary
   must also choose between two potential withdrawal options at the time of
   election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
   cannot later withdraw funds in addition to the scheduled payments the
   beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
   "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
   addition to scheduled payments, at any time. However, the scheduled payments
   under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
   payments." See "Taxation of nonqualified annuities" in "Tax Information"
   later in this Prospectus.

o  Any partial withdrawals must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract on the beneficiary's death.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking scheduled payments based on the
   remaining life expectancy of the deceased beneficiary (if scheduled payments
   were chosen) or to receive any remaining interest in the contract in a lump
   sum. We will pay any remaining interest in the contract in a lump sum if your
   beneficiary elects the 5-year rule. The option elected will be processed when
   we receive satisfactory proof of death, any required instructions for the
   method of payment and any required information and forms necessary to effect
   payment.

If the deceased is the owner or the older joint owner:

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the Beneficiary
   continuation option feature, we will increase the account value to equal the
   applicable death benefit if such death benefit is greater than such account
   value, plus any amount applicable under the Earnings enhancement benefit
   adjusted for any subsequent withdrawals.

o  No withdrawal charges will apply to any withdrawals by the beneficiary.

If the owner deceased is the younger non-spousal joint owner:

o  The annuity account value will not be reset to the death benefit amount.

o  The contract's withdrawal charge schedule will continue to be applied to any
   withdrawal or surrender other than scheduled payments; the contract's free
   withdrawal amount will continue to apply to withdrawals but does not apply to
   surrenders.

o  We do not impose a withdrawal charge on scheduled payments except if, when
   added to any withdrawals previously taken in the same contract year,
   including for this purpose a contract surrender, the total amount of
   withdrawals and scheduled payments exceed the free withdrawal amount. See the
   "Withdrawal charges" in "Charges and expenses" earlier in this Prospectus.


                                                    Payment of death benefit  65


7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Elite(SM) contracts owned by United
States individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth Conversion IRA, QP or TSA.
Therefore, we discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.



BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code Section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator(R) Elite(SM)'s Guaranteed minimum
income benefit, the Guaranteed withdrawal benefit for life, dollar cost
averaging, choice of death benefits, selection of variable investment options,
guaranteed interest option, fixed maturity options and its choices of payout
options, as well as the features and benefits of other permissible funding
vehicles and the relative costs of annuities and other arrangements. You should
be aware that cost may vary depending on the features and benefits made
available and the charges and expenses of the investment options or funds that
you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract. See also Appendix III at the end of this Prospectus for a discussion
of QP contracts.


TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.


TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.


CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust, or other non-natural person). This provision does not apply to a trust
   which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.


66  Tax information


TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED WITHDRAWAL BENEFIT FOR
LIFE

We treat Guaranteed annual withdrawals and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are taxable to you as
ordinary income if there are earnings in the contract. Generally, earnings are
your account value less your investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable. If you withdraw an amount which
is more than the earnings in the contract as of the date of the withdrawal, the
balance of the distribution is treated as a return of your investment in the
contract and is not taxable. It reduces the investment in the contract.


ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.


PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.


EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which should have no adverse tax effect, it is possible that the IRS could take
a contrary position or assert that the Earnings enhancement benefit rider is
not part of the contract. In such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could be taxable, and for contract owners under age 59-1/2, also subject to a
tax penalty. Were the IRS to take this position, AXA Equitable would take all
reasonable steps to attempt to avoid this result, which could include amending
the contract (with appropriate notice to you).


CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  the contract that is the source of the funds you are using to purchase the NQ
   contract is another nonqualified deferred annuity contract (or life insurance
   or endowment contract).

o  The owner and the annuitant are the same under the source contract and the
   Accumulator(R) Elite(SM) NQ contract. If you are using a life insurance or
   endowment contract the owner and the insured must be the same on both sides
   of the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Elite(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between carriers, and provision of cost basis information may be required to
process this type of an exchange.


Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER
YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


Beneficiary continuation option

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ Contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

o  scheduled payments under the beneficiary continuation option for NQ contracts
   satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
   of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
   2;"


                                                             Tax information  67


o  scheduled payments, any additional withdrawals under "Withdrawal Option 2,"
   or contract surrenders under "Withdrawal Option 1" will only be taxable to
   the beneficiary when amounts are actually paid, regardless of the Withdrawal
   Option selected by the beneficiary;

o  a beneficiary who irrevocably elects scheduled payments with "Withdrawal
   Option 1" will receive "excludable amount" tax treatment on scheduled
   payments. See "Annuity payments" earlier in this section. If the beneficiary
   elects to surrender the contract before all scheduled payments are paid, the
   amount received upon surrender is a non-annuity payment taxable to the extent
   it exceeds any remaining investment in the contract.


The ruling does not specifically address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).


The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or


o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas. We do not anticipate that
   Guaranteed annual withdrawals made under the Guaranteed withdrawal benefit
   for life's Maximum or Customized payment plan or taken as partial withdrawals
   will qualify for this exception if made before age 59-1/2.


INVESTOR CONTROL ISSUES


Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.


SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.


INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets for the benefit of the IRA owner. The assets funding the account
typically include mutual funds and/or individual stocks and/or securities in a
custodial account and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code.


68  Tax information



You may purchase the contract as a traditional IRA ("Rollover IRA") or Roth IRA
("Roth Conversion IRA"). We also offer the Inherited IRA for payment of
post-death required minimum distributions from traditional IRAs and Roth IRAs.
This Prospectus contains the information that the IRS requires you to have
before you purchase an IRA. The first section covers some of the special tax
rules that apply to traditional IRAs. The next section covers Roth IRAs. The
disclosure generally assumes direct ownership of the individual retirement
annuity contract. For contracts owned in a custodial individual retirement
account, the disclosure will apply only if you terminate your account or
transfer ownership of the contract to yourself.

We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).

AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of the Accumulator(R) Elite(SM) traditional and Roth IRA
contracts for use as a traditional and Roth IRA, respectively. It is not clear
whether and when any such approval may be received. We have in the past
received IRS opinion letters approving the respective forms of similar
traditional IRA and Roth IRA endorsements for use as a traditional and Roth
IRA, respectively. This IRS approval is a determination only as to the form of
the annuity. It does not represent a determination of the merits of the annuity
as an investment. The contracts submitted for IRS approval do not include every
feature possibly available under the Accumulator(R) Elite(SM) traditional and
Roth IRA contracts.

AXA Equitable has also submitted the respective forms of the Accumulator(R)
Elite(SM) Inherited IRA beneficiary continuation contract to the IRS for
approval as to form for use as a traditional IRA or Roth IRA, respectively. We
do not know if and when any such approval may be granted.



EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available
under the Accumulator(R) Elite(SM) traditional and Roth IRA contracts. You
should discuss with your tax adviser whether you should consider purchasing an
Accumulator(R) Elite(SM) IRA or Accumulator(R) Elite(SM) Roth IRA with the
optional Earnings enhancement benefit.

Your right to cancel within a certain number of days

You can cancel any version of the Accumulator(R) Elite(SM) IRA contract
(traditional IRA or ROTH IRA) by following the directions in "Your right to
cancel with in a certain number of days" under "Contract features and benefits"
earlier in this Prospectus. If you cancel a traditional IRA or ROTH IRA
contract, we may have to withhold tax, and we must report the transaction to
the IRS. A contract cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Contributions to traditional IRAs.  Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:


o  regular contributions out of earned income or compensation; or

o  tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers")

Regular contributions to traditional IRAs


Limits on contributions.  The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses.  If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. Catch-up contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.


Deductibility of contributions.  The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored


                                                             Tax information  69


retirement plan, as defined under special federal income tax rules. Your Form
W-2 will indicate whether or not you are covered by such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions." That is, for 2007 your fully deductible contribution
can be up to $4,000 ($5,000 for 2008), or if less, your earned income. The
dollar limit is $5,000 for people eligible to make age 50-70-1/2 catch-up
contributions 2007 ($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)

Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)

To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:


($10,000-excess AGI)     times    the maximum       Equals       the adjusted
- --------------------       x        regular            =          deductible
 divided by $10,000               contribution                   contribution
                                  for the year                       limit


Additional "Saver's Credit" for contributions to a traditional
IRA or Roth IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax
return, and your adjusted gross income cannot exceed $50,000, ($52,000 after
cost of living indexing beginning in 2007). The amount of the tax credit you
can get varies from 10% of your contribution to 50% of your contribution, and
depends on your income tax filing status and your adjusted gross income. The
maximum annual contribution eligible for the saver's credit is $2,000. If you
and your spouse file a joint return, and each of you qualifies, each is
eligible for a maximum annual contribution of $2,000. Your saver's credit may
also be reduced if you take or have taken a taxable distribution from any plan
eligible for a saver's credit contribution -- even if you make a contribution
to one plan and take the distribution from another plan -- during the "testing
period." The "testing period" begins two years before the year for which you
make the contribution and ends when your tax return is due for the year for
which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.


70  Tax information


When you can make regular contributions.  If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custo dial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o  Do it yourself:
   You actually receive a distribution that can be rolled over and you roll
   it over to a traditional IRA within 60 days after the date you receive the
   funds. The distribution from your eligible retirement plan will be net of
   20% mandatory federal income tax withholding. If you want, you can replace
   the withheld funds yourself and roll over the full amount.

o  Direct rollover:
   You tell the trustee or custodian of the eligible retirement plan to send
   the distribution directly to your traditional IRA issuer. Direct rollovers
   are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o  "required minimum distributions" after age 70-1/2 or retirement from service
   with the employer; or

o  substantially equal periodic payments made at least annually for
   your life (or life expectancy) or the joint lives (or joint life
   expectancies) of you and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  death benefit payments to a beneficiary who is not your surviving spouse; or

o  qualified domestic relations order distributions to a beneficiary who is not
   your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement
plans other than traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a


                                                             Tax information  71


tax-free basis between spouses or former spouses as a result of a court ordered
divorce or separation decree.

Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o  regular contributions of more than the maximum regular contri bution amount
   for the applicable taxable year); or

o  regular contributions to a traditional IRA made after you reach age 70-1/2;
   or

o  rollover contributions of amounts which are not eligible to be rolled over,
   for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1) the rollover was from an eligible retirement plan to a traditional IRA;

(2) the excess contribution was due to incorrect information that the plan
    provided; and

(3) you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of traditional IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments.  Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible
traditional IRA contributions (less any amounts previously withdrawn tax free)
to the total account balances of all traditional IRAs you own at the end of the
year plus all traditional IRA distributions made during the year. Multiply this
by all distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o   the amount received is a withdrawal of excess contributions, as described
    under "Excess contributions" earlier in this section; or

o   the entire amount received is rolled over to another traditional IRA or
    other eligible retirement plan which agrees to accept the funds. (See
    "Rollovers from eligible retirement plans other than traditional IRAs" under
    "Rollover and transfer contributions to traditional IRAs" earlier in this
    section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


72  Tax information



Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


Required minimum distributions

BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS

Distributions must be made from traditional IRAs according to rules contained
in the Code and Treasury Regulations. Beginning in 2006, certain provisions of
the Treasury Regulations require that the actuarial present value of additional
annuity contract benefits must be added to the dollar amount credited for
purposes of calculating certain types of required minimum distributions from
individual retirement annuity contracts. For this purpose additional annuity
contract benefits may include, but are not limited to, guaranteed minimum
income benefits and enhanced death benefits. This could increase the amount
required to be distributed from these contracts if you take annual withdrawals
instead of annuitizing, Please consult your tax adviser concerning
applicability of these complex rules to your situation.

Lifetime required minimum distributions.  You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution.  The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that
year--the delayed one for the first year and the one actually for that year.
Once minimum distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans?  No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose?  We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year?  The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year?  Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.


                                                             Tax information  73


What are the required minimum distribution payments after you die?  These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary.  Regardless of whether your death occurs before or
after your Required Beginning Date, an individual death beneficiary calculates
annual post-death required minimum distribution payments based on the
beneficiary's life expectancy using the "term certain method." That is, he or
she determines his or her life expectancy using the IRS-provided life
expectancy tables as of the calendar year after the owner's death and reduces
that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

Spousal beneficiary.  If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from your
traditional IRA into his/her own traditional IRA or other eligible retirement
plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary.  If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Spousal continuation

If the contract is continued under Spousal continuation, then no amounts are
required to be paid until after the surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   used to pay certain extraordinary medical expenses (special fed eral income
    tax definition); or

o   used to pay medical insurance premiums for unemployed indi viduals (special
    federal income tax definition); or

o   used to pay certain first-time home buyer expenses (special fed eral income
    tax definition; $10,000 lifetime total limit for these distributions from
    all your traditional and Roth IRAs); or

o   used to pay certain higher education expenses (special federal income tax
    definition); or


o   in the form of substantially equal periodic payments made at least annually
    over your life (or your life expectancy) or over the joint lives of you and
    your beneficiary (or your joint life expectancies using an IRS-approved
    distribution method. We do not anticipate that Guaranteed annual payments
    made under the Guaranteed withdrawal benefit for life's Maximum or
    Customized payment plan or taken as partial withdrawals will qualify for
    this exception if made before age 59-1/2.

To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved



74  Tax information



methods we offer. Although substantially equal withdrawals and Income
Manager(SM) payments are not subject to the 10% penalty tax, they are taxable as
discussed in "Withdrawals, payments and transfers of funds out of traditional
IRAs" above. Once substantially equal withdrawals or Income Manager(SM) annuity
payments begin, the distributions should not be stopped or changed until after
the later of your reaching age 59-1/2 or five years after the date of the first
distribution, or the penalty tax, including an interest charge for the prior
penalty avoidance, may apply to all prior distributions under this option. Also,
it is possible that the IRS could view any additional withdrawal or payment you
take from your contract as changing your pattern of substantially equal
withdrawals or Income Manager(SM) payments for purposes of determining whether
the penalty applies.


Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Elite(SM) Roth Conversion IRA contract is designed to qualify
as a Roth individual retirement annuity under Sections 408A(b) and 408(b) of
the Internal Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o   regular after-tax contributions out of earnings; or

o   taxable rollover contributions from traditional IRAs ("conversion"
    contributions); or

o   tax-free rollover contributions from other Roth arrangements; or

o   tax-free direct custodian-to-custodian transfers from other Roth IRAs
    ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in
this section. If you use the forms we require, we will also accept traditional
IRA funds which are subsequently recharacterized as Roth IRA funds following
special federal income tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Regular contributions to Roth IRAs


Limits on regular contributions.  The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability
to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the years is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):


o   your federal income tax filing status is "married filing jointly" and
    your modified adjusted gross income is over $160,000 (for 2007, $166,000
    after adjustment); or

o    your federal income tax filing status is "single" and your modified
     adjusted gross income is over $110,000 (for 2007, $114,000 after
     adjustment).



However, you can make regular Roth IRA contributions in reduced amounts when:


o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is between $150,000 and $160,000 (for
    2007,between $156,000 and $166,000 after adjustment); or

o   your federal income tax filing status is "single" and your modified
    adjusted gross income is between $95,000 and $110,000 (for 2007, between
    $99,000 and $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions.  Same as traditional IRAs.

Deductibility of contributions.  Roth IRA contributions are not tax deductible.


Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You


                                                             Tax information  75


can also make rollover transactions between identical plan types. However, you
can only use rollover transactions between different plan types (for example,
traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o   another Roth IRA ("tax-free rollover contribution");

o   a "designated Roth contribution account" under a 401(k) plan or a 403(b)
    arrangement;

o   another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
    rollover limitation period for SIMPLE IRA funds), in a taxable conversion
    rollover ("conversion contribution");


o   you may not make contributions to a Roth IRA from a qualified plan under
    section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
    the Internal Revenue Code or any other eligible retirement plan until 2008.
    You may make rollover contributions from a "designated Roth contribution
    account" under a 401(k) plan or a 403(b) arrangement which permits
    designated Roth elective deferral contributions to be made, beginning in
    2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize.  To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as


76  Tax information


having been made to the second IRA to the extent any deduction was allowed with
respect to the contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o   rollovers from a Roth IRA to another Roth IRA;

o   direct transfers from a Roth IRA to another Roth IRA;

o   qualified distributions from a Roth IRA; and

o   return of excess contributions or amounts recharacterized to a traditional
    IRA.

Qualified distributions from Roth IRAs.  Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o   you are age 59-1/2 or older; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   your distribution is a "qualified first-time homebuyer distribution"
    (special federal income tax definition; $10,000 lifetime total limit for
    these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs.  Nonqualified distributions from
Roth IRAs are distributions that do not meet both the qualifying event and
five-year aging period tests described above. If you receive such a
distribution, part of it may be taxable. For purposes of determining the
correct tax treatment of distributions (other than the withdrawal of excess
contributions and the earnings on them), there is a set order in which
contributions (including conversion contributions) and earnings are considered
to be distributed from your Roth IRA. The order of distributions is as follows:


(1) Regular contributions.

(2) Conversion contributions, on a first-in-first-out basis (generally, total
    conversions from the earliest year first). These conversion contributions
    are taken into account as follows:

    (a)  Taxable portion (the amount required to be included in gross
         income because of conversion) first, and then the

    (b)  Nontaxable portion.

(3) Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1) All distributions made during the year from all Roth IRAs you maintain --
    with any custodian or issuer -- are added together.

(2) All regular contributions made during and for the year (contribu tions made
    after the close of the year, but before the due date of your return) are
    added together. This total is added to the total undistributed regular
    contributions made in prior years.


(3) All conversion contributions made during the year are added together. For
    purposes of the ordering rules, in the case of any conversion in which the
    conversion distribution is made in 2007 and the conversion contribution is
    made in 2008, the conversion contribution is treated as contributed prior to
    other conversion contributions made in 2008.



                                                             Tax information  77


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.


TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please contact your tax adviser concerning how these Proposed
Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

Earnings enhancement benefit

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could affect the tax qualification of the TSA and could be taxable. Were the
IRS to take any adverse position, Equitable would take all reasonable steps to
attempt to avoid any adverse result, which would include amending the contract
(with appropriate notice to you). You should discuss with your tax adviser
whether you should consider purchasing an Accumulator(R) Elite(SM) Rollover TSA
contract with the optional Earnings enhancement benefit.

Contributions to TSAs

There are two ways you can make contributions to establish this Accumulator(R)
Elite(SM) Rollover TSA contract:

o   a full or partial direct transfer of assets ("direct transfer") from another
    contract or arrangement that meets the requirements of Section 403(b) of the
    Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o   a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R)
Elite(SM) TSA. We do not accept "designated Roth contributions" rolled over from
a 401(k) plan or a 403(b) arrangement or directly transferred from another
403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Elite(SM) Rollover TSA
contract does not accept employer-remitted contributions. However, we provide
the following discussion as part of our descrip-


78  Tax information


tion of restrictions on the distribution of funds directly transferred, which
include employer-remitted contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contributions as
"designated Roth contributions" to the 403(b) arrangement which are made on an
after-tax basis. However, a TSA can also be wholly or partially funded through
nonelective employer contributions or other after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal restrictions. Also, all amounts attributable to
investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

Rollover or direct transfer contributions.  Once you establish your Rollover
TSA with 403(b)-source funds, you may make subsequent rollover contributions to
your Rollover TSA contract from these sources: qualified plans, governmental
employer 457(b) plans and traditional IRAs, as well as other TSAs and 403(b)
arrangements. All rollover contributions must be pre-tax funds only with
appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o   termination of employment with the employer who provided the funds for the
    plan; or

o   reaching age 59-1/2 even if you are still employed; or

o   disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o   you give us acceptable written documentation as to the source of the funds;
    and

o   the Accumulator(R) Elite(SM) contract receiving the funds has provi sions at
    least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Elite(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Elite(SM) TSA must be net of the
required minimum distribution for the tax year in which we issue the contract
if:

o   you are or will be at least age 70-1/2 in the current calendar year, and

o   you have retired from service with the employer who provided the funds to
    purchase the TSA you are transferring or rolling over to the Accumulator(R)
    Elite(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o   rollover by check of the proceeds from another TSA or eligible retirement
    plan; or

o   direct rollover from another TSA or eligible retirement plan; or

o   direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General.  Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

Withdrawal restrictions.  If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o   you are severed from employment with the employer who pro vided the funds to
    purchase the TSA you are transferring to the Accumulator(R) Elite(SM)
    Rollover TSA; or

o   you reach age 59-1/2; or


                                                             Tax information  79


o   you die; or

o   you become disabled (special federal income tax definition); or

o   you take a hardship withdrawal (special federal income tax defi nition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions.  Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin.  On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity payments. Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL")" in "Contract
features and benefits" earlier in this Prospectus, as well as GMIB and other
annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment
in the contract is recovered is fully taxable. If you (and your beneficiary
under a joint and survivor annuity) die before recovering the full investment
in the contract, a deduction is allowed on your (or your beneficiary's) final
tax return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o   The amount of a loan to a participant, when combined with all other loans to
    the participant from all qualified plans of the employer, cannot exceed the
    lesser of:

(1) the greater of $10,000 or 50% of the participant's nonforfeitable accrued
    benefits; and

(2) $50,000 reduced by the excess (if any) of the highest outstand ing loan
    balance over the previous twelve months over the outstanding loan balance of
    plan loans on the date the loan was made.

o   In general, the term of the loan cannot exceed five years unless the loan is
    used to acquire the participant's primary residence. Accumulator(R)
    Elite(SM) Rollover TSA contracts have a term limit of 10 years for loans
    used to acquire the participant's primary residence.

o   All principal and interest must be amortized in substantially level payments
    over the term of the loan, with payments being made

80  Tax information


    at least quarterly. In very limited circumstances, the repayment
    obligation may be temporarily suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o   the loan does not qualify under the conditions above;

o   the participant fails to repay the interest or principal when due; or

o   in some instances, the participant separates from service with the employer
    who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same employer, a defaulted loan which has not been
fully repaid is treated as still outstanding, even after the default is
reported to the IRS on Form 1099-R. The amount treated as still outstanding
(which limits subsequent loans) includes interest accruing on the unpaid
balance.


See Appendix VII later in this Prospectus for any state rules that affect loans
from a Rollover TSA contract.

Tax-deferred rollovers and direct transfers. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.


You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non-spousal death beneficiary may also
be able to make rollover contributions to an individual retirement plan under
certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may be able to delay the start of required minimum
distributions for all or part of your account balance until after age 70-1/2, as
follows:

o   For TSA participants who have not retired from service with the employer who
    provided the funds for the TSA by the calendar year the participant turns
    age 70-1/2, the required beginning date for minimum distributions is
    extended to April 1 following the calendar year of retirement.

o   TSA plan participants may also delay the start of required minimum
    distributions to age 75 of the portion of their account value attributable
    to their December 31, 1986, TSA account balance, even if retired at age
    70-1/2. We will know whether or not you qualify for this exception because
    it will only apply to people who establish their Accumulator(R) Elite(SM)
    Rollover TSA by direct Revenue Ruling 90-24 transfers. If you do not give us
    the amount of your December 31, 1986, account balance that is being
    transferred to the Accumulator(R) Elite(SM) Rollover TSA on the form used to
    establish the TSA, you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Elite(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell
us on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

                                                             Tax information  81


o   to pay for certain extraordinary medical expenses (special federal
    income tax definition); or

o   in any form of payout after you have separated from service (only if the
    separation occurs during or after the calendar year you reach age 55); or

o   in a payout in the form of substantially equal periodic payments made at
    least annually over your life (or your life expectancy), or over the joint
    lives of you and your beneficiary (or your joint life expectancies) using an
    IRS-approved distribution method (only after you have separated from service
    at any age). We do not anticipate that Guaranteed annual payments made under
    the Guaranteed withdrawal benefit for life's Maximum or Customized payment
    plan or taken as lump sums will qualify for this exception if made before
    age 59-1/2.


FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o   We might have to withhold and/or report on amounts we pay under a free look
    or cancellation.

o   We are generally required to withhold on conversion rollovers of traditional
    IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
    and is taxable.

o   We are required to withhold on the gross amount of a distribu tion from a
    Roth IRA to the extent it is reasonable for us to believe that a
    distribution is includable in your gross income. This may result in tax
    being withheld even though the Roth IRA distribution is ultimately not
    taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However we may require additional documentation in the case of
payments made to non United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at anytime.


Federal income tax withholding on non-periodic annuity payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o   any distributions which are required minimum distributions after age 70-1/2
    or retirement from service with the employer; or

o   substantially equal periodic payments made at least annually for your life
    (or life expectancy) or the joint lives (or joint life expectancies) of you
    and your designated beneficiary; or

o   substantially equal periodic payments made for a specified period of 10
    years or more; or

o   hardship withdrawals; or


82  Tax information


o   corrective distributions that fit specified technical tax rules; or

o   loans that are treated as distributions; or

o   a death benefit payment to a beneficiary who is not your surviv ing spouse;
    or

o   a qualified domestic relations order distribution to a beneficiary who is
    not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.


SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.


IMPACT ON TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.


                                                             Tax information  83


8. More information

- --------------------------------------------------------------------------------

ABOUT OUR SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of the Separate Account's operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

The Separate Account is registered under the Investment Company Act of 1940 and
is registered and classified under that act as a "unit investment trust." The
SEC, however, does not manage or supervise AXA Equitable or Separate Account
No. 49. Although Separate Account No. 49 is registered, the SEC does not
monitor the activity of Separate Account No. 49 on a daily basis. AXA Equitable
is not required to register, and is not registered, as an investment company
under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1) to add variable investment options to, or to remove variable investment
    options from the Separate Account or to add other separate accounts;

(2) to combine any two or more variable investment options;

(3) to transfer the assets we determine to be the shares of the class of
    contracts to which the contracts belong from any variable investment option
    to another variable investment option;

(4) to operate the Separate Account or any variable investment option as a
    management investment company under the Investment Company Act of 1940 (in
    which case, charges and expenses that otherwise would be assessed against an
    underlying mutual fund would be assessed against the Separate Account or a
    variable investment option directly);

(5) to deregister the Separate Account under the Investment Company Act of 1940;

(6) to restrict or eliminate any voting rights as to the Separate Account;

(7) to cause one or more variable investment options to invest some or all of
    their assets in one or more other trusts or investment companies; and

(8) to unilaterally change your contract in order to comply with any applicable
    laws and regulations, including but not limited to changes in the Internal
    Revenue Code, in Treasury regulations or in published rulings of the
    Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.


ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in the respective SAIs which are available upon
request.


ABOUT OUR FIXED MATURITY OPTIONS


RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:





- ------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th            Rate to               Price
  Maturity Date of       Maturity as of        Per $100 of
   Maturity Year        February 15, 2007     Maturity Value
- ------------------------------------------------------------------
                                            
        2008                  3.30%               $96.81
        2009                  3.34%               $93.63
        2010                  3.39%               $90.47
        2011                  3.48%               $87.20
        2012                  3.58%               $83.86
        2013                  3.65%               $80.63
        2014                  3.72%               $77.42
        2015                  3.76%               $74.42
- ------------------------------------------------------------------



84  More information





- ------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th            Rate to               Price
  Maturity Date of       Maturity as of        Per $100 of
   Maturity Year        February 15, 2007     Maturity Value
- ------------------------------------------------------------------
                                            
        2016                  3.84%               $71.22
        2017                  3.89%               $68.25
- ------------------------------------------------------------------



HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1) We determine the market adjusted amount on the date of the withdrawal as
    follows:

    (a) We determine the fixed maturity amount that would be payable on the
        maturity date, using the rate to maturity for the fixed maturity option.

    (b) We determine the period remaining in your fixed maturity option (based
        on the withdrawal date) and convert it to fractional years based on a
        365-day year. For example, three years and 12 days becomes 3.0329.

    (c) We determine the current rate to maturity for your FMO based on the rate
        for a new FMO issued on the same date and having the same maturity date
        as your FMO; if the same maturity date is not available for new FMOs, we
        determine a rate that is between the rates for new FMO maturities that
        immediately precede and immediately follow your FMOs maturity date.

    (d) We determine the present value of the fixed maturity amount payable at
        the maturity date, using the period determined in (b) and the rate
        determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3) We subtract (2) from the result in (1)(d). The result is the market value
    adjustment applicable to such fixed maturity option, which may be positive
    or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) above would
apply, we will use the rate at the next closest maturity date. If we are no
longer offering new fixed maturity options, the "current rate to maturity" will
be determined by using a widely published index. We reserve the right to add up
to 0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.


INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.


ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and the fixed
maturity options and the account for special dollar cost averaging, as well as
our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contract in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws. How-


                                                            More information  85


ever, the market value adjustment interests under the contracts are registered
under the Securities Act of 1933.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.


ABOUT OTHER METHODS OF PAYMENT


WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.


AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, QP, Inherited IRA Beneficiary (traditional
IRA or Roth IRA) or Rollover TSA contracts. Please see Appendix VII later in
this Prospectus to see if the automatic investment program is available in your
state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.


For contracts with GWBL, AIP will be automatically terminated after the later
of: (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end of the first six months.


You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.


DATES AND PRICES AT WHICH CONTRACT
EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.


BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o  If your contribution, transfer, or any other transaction request, containing
   all the required information, reaches us on a non-business day or after 4:00
   p.m. on a business day, we will use the next business day.

o  A loan request under your Rollover TSA contract will be processed on the
   first business day of the month following the date on which the properly
   completed loan request form is received.

o  If your transaction is set to occur on the same day of the month as the
   contract date and that date is the 29th, 30th or 31st of the month, then the
   transaction will occur on the 1st day of the next month.

o  When a charge is to be deducted on a contract date anniversary that is a
   non-business day, we will deduct the charge on the next business day.

o  If we have entered into an agreement with your broker-dealer for automated
   processing of contributions upon receipt of customer order, your contribution
   will be considered received at the time your broker-dealer receives your
   contribution and all information needed to process your application, along
   with any required documents,


86  More information



   and transmits your order to us in accordance with our processing
   procedures. Such arrangements may apply to initial contributions,
   subsequent contributions, or both, and may be commenced or terminated at
   any time without prior notice. If required by law, the "closing time" for
   such orders will be earlier than 4:00 p.m., Eastern Time.


CONTRIBUTIONS AND TRANSFERS


o  Contributions allocated to the variable investment options are invested at
   the unit value next determined after the receipt of the contribution.


o  Contributions allocated to the guaranteed interest option will receive the
   crediting rate in effect on that business day for the specified time period.

o  Contributions allocated to a fixed maturity option will receive the rate to
   maturity in effect for that fixed maturity option on that business day
   (unless a rate lock-in is applicable).

o  Initial contributions allocated to the account for special dollar cost
   averaging receive the interest rate in effect on that business day. At
   certain times, we may offer the opportunity to lock in the interest rate for
   an initial contribution to be received under Section 1035 exchanges and
   trustee to trustee transfers. Your financial professional can provide
   information, or you can call our processing office.


o  Transfers to or from variable investment options will be made at the unit
   value next determined after the receipt of the transfer request.


o  Transfers to a fixed maturity option will be based on the rate to maturity in
   effect for that fixed maturity option on the business day of the transfer.

o  Transfers to the guaranteed interest option will receive the crediting rate
   in effect on that business day for the specified time period.

o  For the interest sweep option, the first monthly transfer will occur on the
   last business day of the month following the month that we receive your
   election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o the election of trustees; or

o the formal approval of independent public accounting firms selected for each
    Trust; or

o any other matters described in the prospectuses for the Trusts or requiring a
    shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustee or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.


SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.


ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or
distribution of the contracts.


FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.


TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
written notification of any change at our processing office. You cannot assign
your NQ contract as collateral or security for a loan. Loans are also not
available under your NQ contract. In some cases, an


                                                            More information  87


assignment or change of ownership may have adverse tax consequences. See "Tax
information" earlier in this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, a PGB, the Earnings enhancement benefit
and/or the Guaranteed withdrawal benefit for life ("Benefit"), generally the
Benefit will automatically terminate if you change ownership of the contract or
if you assign the owner's right to change the beneficiary or person to whom
annuity payments will be made. However, the Benefit will not terminate if the
ownership of the contract is transferred from a non-natural owner to an
individual but the contract will continue to be based on the annuitant's life.
Please speak with your financial professional for further information.

See Appendix VII later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.


You cannot assign or transfer ownership of Rollover IRA, Roth Conversion IRA,
QP or Rollover TSA contract except by surrender to us. If your individual
retirement annuity contract is held in your custodial individual retirement
account, you may only assign or transfer ownership of such an IRA contract to
yourself. Loans are not available (except for Rollover TSA contracts) and you
cannot assign Rollover IRA, Roth Conversion IRA, QP or Rollover TSA contracts
as security for a loan or other obligation. If the employer that provided the
funds does not restrict them, loans are available under a Rollover TSA
contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA, QP or Rollover TSA contract to another similar arrangement
under federal income tax rules. In the case of such a transfer, which involves
a surrender of your contract, we will impose a withdrawal charge, if one
applies.



ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.


DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 1.20% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 6.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.



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The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Elite(SM) on a company and/or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable product. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.



                                                            More information  89



9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-financial.com


90  Incorporation of certain documents by reference


Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.65%.


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION




- ---------------------------------------------------------------------------------------
                                               For the years ending December 31,
                                        -----------------------------------------------
                                             2006        2005        2004        2003
- ---------------------------------------------------------------------------------------
                                                                  
 AXA Aggressive Allocation
- ---------------------------------------------------------------------------------------
  Unit value                             $  14.45    $  12.46    $  11.72     $ 10.66
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      32,813      12,508       4,674         195
- ---------------------------------------------------------------------------------------
 AXA Conservative Allocation
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.33    $  10.83    $  10.75     $ 10.31
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,935       3,738       1,736         116
- ---------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.98    $  11.20    $  11.03     $ 10.41
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      16,150       9,271       3,928         215
- ---------------------------------------------------------------------------------------
 AXA Moderate Allocation
- ---------------------------------------------------------------------------------------
  Unit value                             $  12.57    $  11.58    $  11.24     $ 10.51
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      83,885      52,197      21,440         970
- ---------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- ---------------------------------------------------------------------------------------
  Unit value                             $  13.84    $  12.29    $  11.72     $ 10.67
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)     151,231      69,680      21,528         560
- ---------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- ---------------------------------------------------------------------------------------
  Unit value                             $  12.93    $  12.51    $  11.75     $ 10.66
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)         976         442         210          15
- ---------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- ---------------------------------------------------------------------------------------
  Unit value                             $  10.61    $  10.39    $  10.38     $ 10.16
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,315       4,566       2,210         301
- ---------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- ---------------------------------------------------------------------------------------
  Unit value                             $  12.70    $  12.28    $  11.67     $ 10.59
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,143       1,765         716          86
- ---------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- ---------------------------------------------------------------------------------------
  Unit value                             $  12.40    $  11.47    $  11.32     $ 10.59
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,956       5,292       3,135         282
- ---------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- ---------------------------------------------------------------------------------------
  Unit value                             $  18.23    $  14.79    $  13.02     $ 11.23
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,220       2,536       1,127          65
- ---------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- ---------------------------------------------------------------------------------------
  Unit value                             $  13.38    $  11.98    $  11.41     $ 10.58
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,487       1,016         456          20
- ---------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.42    $  11.59    $  10.97     $ 10.45
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,137       2,204       1,141          59
- ---------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- ---------------------------------------------------------------------------------------
  Unit value                             $  15.40    $  13.12    $  12.46     $ 11.07
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,165       3,109       1,455          59
- ---------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- ---------------------------------------------------------------------------------------
  Unit value                             $  13.30    $  12.33    $  11.57     $ 10.53
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,570       2,515       1,381          97
- ---------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-1


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)




- ---------------------------------------------------------------------------------------
                                               For the years ending December 31,
                                        -----------------------------------------------
                                             2006        2005        2004        2003
- ---------------------------------------------------------------------------------------
                                                                
 AXA Premier VIP Mid Cap Value
- ---------------------------------------------------------------------------------------
  Unit value                             $  14.83     $ 13.15     $ 12.45     $ 10.99
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,627       2,566       1,506         103
- ---------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- ---------------------------------------------------------------------------------------
  Unit value                             $  12.29     $ 11.65     $ 10.64     $ 10.31
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,164       1,431         675          35
- ---------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- ---------------------------------------------------------------------------------------
  Unit value                             $  13.60     $ 12.58     $ 12.26     $ 10.92
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       7,207       5,402       2,957         158
- ---------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- ---------------------------------------------------------------------------------------
  Unit value                             $  14.60     $ 12.53     $ 12.07     $ 10.92
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,884       4,328       2,227         127
- ---------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- ---------------------------------------------------------------------------------------
  Unit value                             $  10.22     $ 10.07     $ 10.12     $ 10.09
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,691       1,398         905          69
- ---------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- ---------------------------------------------------------------------------------------
  Unit value                             $  17.91     $ 14.74     $ 13.00     $ 11.19
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       7,675       3,716       1,270          66
- ---------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- ---------------------------------------------------------------------------------------
  Unit value                             $  12.19     $ 12.46     $ 11.02     $ 10.34
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,506       1,386         595          44
- ---------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- ---------------------------------------------------------------------------------------
  Unit value                             $  10.66     $ 10.44     $ 10.40     $ 10.20
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,340       2,303       1,119          95
- ---------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- ---------------------------------------------------------------------------------------
  Unit value                             $  14.18     $ 13.22     $ 12.06     $ 10.75
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,926       1,783         913          81
- ---------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- ---------------------------------------------------------------------------------------
  Unit value                             $  15.10     $ 12.65     $ 12.20     $ 10.93
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      14,100       9,522       5,080         310
- ---------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.32     $ 10.35          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)         907         118          --          --
- ---------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- ---------------------------------------------------------------------------------------
  Unit value                             $  10.92     $ 10.95     $ 10.35     $ 10.16
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,611       2,568         878          43
- ---------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- ---------------------------------------------------------------------------------------
  Unit value                             $   6.61     $  5.80     $  5.55          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       4,814       3,177         208          --
- ---------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.83     $ 11.43     $ 10.68     $ 10.49
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)         894         571         194           5
- ---------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.80     $ 11.17     $ 10.80     $ 10.41
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,225       2,419         273          15
- ---------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- ---------------------------------------------------------------------------------------
  Unit value                             $  16.87     $ 14.38     $ 12.48     $ 11.17
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      11,624       7,243       3,564         178
- ---------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- ---------------------------------------------------------------------------------------
  Unit value                             $  13.44     $ 12.20     $ 11.69     $ 10.72
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,674       4,879       2,900          86
- ---------------------------------------------------------------------------------------



A-2 Appendix I: Condensed financial information


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)




- ---------------------------------------------------------------------------------------
                                               For the years ending December 31,
                                        -----------------------------------------------
                                             2006        2005        2004        2003
- ---------------------------------------------------------------------------------------
                                                                
 EQ/Capital Guardian U. S. Equity
- ---------------------------------------------------------------------------------------
  Unit value                             $  13.07     $ 12.09     $ 11.60     $ 10.79
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      10,590       7,725       4,402         275
- ---------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.02     $ 10.38          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,957         563          --          --
- ---------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ---------------------------------------------------------------------------------------
  Unit value                             $  10.84          --          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,788          --          --          --
- ---------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- ---------------------------------------------------------------------------------------
  Unit value                             $  13.56     $ 11.98     $ 11.67     $ 10.76
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       9,866       7,495       4,181         204
- ---------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ---------------------------------------------------------------------------------------
  Unit value                             $   9.91     $  9.74          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,013         172          --          --
- ---------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.98     $ 11.50     $ 11.25     $ 10.69
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,979       1,528       1,146         126
- ---------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ---------------------------------------------------------------------------------------
  Unit value                             $  14.84     $ 13.53     $ 12.93     $ 11.33
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       8,706       5,920       3,260         291
- ---------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- ---------------------------------------------------------------------------------------
  Unit value                             $  15.51     $ 14.02     $ 12.80     $ 11.04
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,490       4,526       2,213         149
- ---------------------------------------------------------------------------------------
 EQ/Franklin Income
- ---------------------------------------------------------------------------------------
  Unit value                             $  10.42          --          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,992          --          --          --
- ---------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ---------------------------------------------------------------------------------------
  Unit value                             $  10.81          --          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)         384          --          --          --
- ---------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.57     $ 10.48          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,759         442          --          --
- ---------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ---------------------------------------------------------------------------------------
  Unit value                             $  26.00     $ 22.24     $ 21.68          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,796         802          76          --
- ---------------------------------------------------------------------------------------
 EQ/International Growth
- ---------------------------------------------------------------------------------------
  Unit value                             $  14.18     $ 11.48          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,674         373          --          --
- ---------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ---------------------------------------------------------------------------------------
  Unit value                             $  12.12     $ 12.18     $ 11.54     $ 10.46
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,717       1,201         449          46
- ---------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- ---------------------------------------------------------------------------------------
  Unit value                             $  10.74     $ 10.50     $ 10.44     $ 10.20
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      11,680       7,995       3,501         284
- ---------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ---------------------------------------------------------------------------------------
  Unit value                             $  14.47     $ 12.22     $ 11.96     $ 10.97
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,769       1,018         473          42
- ---------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ---------------------------------------------------------------------------------------
  Unit value                             $  11.17     $ 10.63          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,957         563          --          --
- ---------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-3


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)




- ---------------------------------------------------------------------------------------
                                             For the years ending December 31,
                                        -------------------------------------------
                                            2006      2005       2004        2003
- ---------------------------------------------------------------------------------------
                                                            
 EQ/Long Term Bond
- ---------------------------------------------------------------------------------------
  Unit value                             $  9.99   $  9.98         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)        878       743         --          --
- ---------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ---------------------------------------------------------------------------------------
  Unit value                             $ 12.19   $ 10.58         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      3,163       874         --          --
- ---------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ---------------------------------------------------------------------------------------
  Unit value                             $ 11.68   $ 10.54         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      1,248       527         --          --
- ---------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ---------------------------------------------------------------------------------------
  Unit value                             $ 12.30   $ 11.13         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      5,585     2,163         --          --
- ---------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ---------------------------------------------------------------------------------------
  Unit value                             $ 13.45   $ 12.51    $ 11.49     $ 10.57
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)     20,022    11,881      5,249         435
- ---------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ---------------------------------------------------------------------------------------
  Unit value                             $ 14.30   $ 12.02    $ 11.87     $ 10.92
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      5,785     4,888      3,020         210
- ---------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ---------------------------------------------------------------------------------------
  Unit value                             $ 17.89   $ 14.47    $ 13.27     $ 11.09
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      7,223     4,026      1,161          30
- ---------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ---------------------------------------------------------------------------------------
  Unit value                             $ 12.89   $ 12.16    $ 11.34     $ 10.24
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      1,215       705        369          29
- ---------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ---------------------------------------------------------------------------------------
  Unit value                             $ 13.56   $ 12.21    $ 11.58     $ 10.57
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      1,455     1,271        643          69
- ---------------------------------------------------------------------------------------
 EQ/Money Market
- ---------------------------------------------------------------------------------------
  Unit value                             $ 10.24   $  9.97    $  9.87     $  9.96
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      4,632     2,041      1,005          42
- ---------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ---------------------------------------------------------------------------------------
  Unit value                             $  4.79   $  4.51    $  4.35          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      1,430       883         38          --
- ---------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ---------------------------------------------------------------------------------------
  Unit value                             $ 10.70        --         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      2,470        --         --          --
- ---------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ---------------------------------------------------------------------------------------
  Unit value                             $ 11.08        --         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)        367        --         --          --
- ---------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ---------------------------------------------------------------------------------------
  Unit value                             $ 10.92        --         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)        133        --         --          --
- ---------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ---------------------------------------------------------------------------------------
  Unit value                             $ 11.09        --         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)        182        --         --          --
- ---------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ---------------------------------------------------------------------------------------
  Unit value                             $  9.79   $  9.91         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      8,303     3,300         --          --
- ---------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ---------------------------------------------------------------------------------------
  Unit value                             $ 10.18   $  9.96         --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)      1,594       402         --          --
- ---------------------------------------------------------------------------------------



A-4 Appendix I: Condensed financial information


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)




- ---------------------------------------------------------------------------------------
                                               For the years ending December 31,
                                        -----------------------------------------------
                                             2006        2005        2004        2003
- ---------------------------------------------------------------------------------------
                                                                
 EQ/Small Cap Value
- ---------------------------------------------------------------------------------------
  Unit value                              $ 14.80     $ 12.96     $ 12.59     $ 10.93
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       7,719       5,307       2,979         191
- ---------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ---------------------------------------------------------------------------------------
  Unit value                              $  8.58     $  7.91     $  7.49          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,530       1,416          31          --
- ---------------------------------------------------------------------------------------
 EQ/Small Company Index
- ---------------------------------------------------------------------------------------
  Unit value                              $ 14.72     $ 12.72     $ 12.40     $ 10.71
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       4,061       2,210       1,215          79
- ---------------------------------------------------------------------------------------
 EQ/TCW Equity
- ---------------------------------------------------------------------------------------
  Unit value                              $ 15.61     $ 16.53     $ 16.17          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)         907         526          22          --
- ---------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ---------------------------------------------------------------------------------------
  Unit value                              $ 10.75          --          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,001          --          --          --
- ---------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ---------------------------------------------------------------------------------------
  Unit value                              $  6.10     $  5.43     $  5.07          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,346         952          71          --
- ---------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ---------------------------------------------------------------------------------------
  Unit value                              $ 11.86     $ 10.41          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       7,856       2,852          --          --
- ---------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ---------------------------------------------------------------------------------------
  Unit value                              $ 24.59     $ 18.24     $ 13.97     $ 11.48
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,050       3,408       1,047          46
- ---------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ---------------------------------------------------------------------------------------
  Unit value                              $ 13.27     $ 12.35          --          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,350         533          --          --
- ---------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ---------------------------------------------------------------------------------------
  Unit value                              $ 14.13     $ 11.81     $ 11.36          --
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,072         137           6          --
- ---------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- ---------------------------------------------------------------------------------------
  Unit value                              $ 22.87     $ 16.89     $ 14.71     $ 10.99
- ---------------------------------------------------------------------------------------
  Number of units outstanding (000's)       4,729       2,639       1,107          41
- ---------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-5


Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an Accumulator(R) Elite(SM) QP
contract should discuss with their tax advisors whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether
the plan provisions permit the investment of plan assets in the QP contract,
the distribution of such an annuity, the purchase of the Guaranteed minimum
income benefit and other guaranteed benefits, and the payment of death benefits
in accordance with the requirements of the federal income tax rules. The QP
contract and this Prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Accumulator(R)
Elite(SM) QP contract or another annuity contract. Therefore, you should
purchase an Accumulator(R) Elite(SM) QP contract to fund a plan for the
contract's features and benefits other than tax deferral after considering the
relative costs and benefits of annuity contracts and other types of arrangements
and funding vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
from the employer. For 401(k) plans, no employee after-tax contributions are
accepted. A "designated Roth contribution account" is not available in the QP
contract. Checks written on accounts held in the name of the employer instead
of the plan or the trustee will not be accepted. Only one additional transfer
contribution may be made per contract year. If amounts attributable to an
excess or mistaken contribution must be withdrawn, a withdrawal charge and/or
market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o  the QP contract may not be an appropriate purchase for participants
   approaching or over age 70-1/2;

o  provisions in the Treasury Regulations on required minimum distributions
   require that the actuarial present value of additional annuity contract
   benefits be added to the dollar amount credited for purposes of calculating
   required minimum distributions. This could increase the amounts required to
   be distributed;

o  the Guaranteed minimum income benefit may not be an appropriate feature for
   participants who are older than age 60-1/2 when the contract is issued; and


o  if the Guaranteed minimum income benefit is automatically exercised as a
   result of the no lapse guarantee, payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.



B-1 Appendix II: Purchase considerations for QP contracts



Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)






- ---------------------------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed rate to maturity(j)
                                                                                            February 15, 2011
                                                                                         5.00%              9.00%
- ---------------------------------------------------------------------------------------------------------------------------
                                                                                                     
As of February 15, 2011 before withdrawal
- ---------------------------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                           $141,389           $121,737
- ---------------------------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                            $131,104           $131,104
- ---------------------------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                                  $ 10,285           $ (9,367)
- ---------------------------------------------------------------------------------------------------------------------------
On February 15, 2011 after $50,000 withdrawal
- ---------------------------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal:
    (3) x [$50,000/(1)]                                                                 $  3,637           $ (3,847)
- ---------------------------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)             $ 46,363           $ 53,847
- ---------------------------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                               $ 91,389           $ 71,737
- ---------------------------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                                    $ 84,741           $ 77,257
- ---------------------------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                                   $111,099           $101,287
- ---------------------------------------------------------------------------------------------------------------------------



You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:




                                                                     
(a)  Number of days from the withdrawal
     date to the maturity date = D = 1,461
(b)  Market adjusted amount is based on the
     following calculation:

     Maturity value                                        $171,882
     --------------                    =              ----------------        where j is either 5% or 9%
           (D/365)                                         (1,461/365)
      (l+j)                                           (1+j)
(c)  Fixed maturity amount is based on the
     following calculation:

     Maturity value                                         $171,882
     ---------------                   =              -------------------
            (D/365)                                           (1,461/365)
       (l+h)                                          (1+0.07)
(d)  Maturity value is based on the
     following calculation:

     Fixed maturity amount                            $84,741 or $77,257
     ---------------------             =              ------------------
              (D/365)                                         (1,461/365)
         (1+h)                                        (1+0.07)




                               Appendix III: Market value adjustment example C-1


Appendix IV: Enhanced death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.


The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option or the fixed maturity
options) , no additional contributions, no transfers, no withdrawals and no
loans under a Rollover TSA contract, the enhanced death benefit for an owner
age 45 would be calculated as follows:






- -------------------------------------------------------------------------------------------------------
  End of
 contract                       6% Roll-Up to age 85     Annual Ratchet to age 85      GWBL Enhanced
   year        Account value   enhanced death benefit     enhanced death benefit      death benefit
- -------------------------------------------------------------------------------------------------------
                                                                        
     1          $105,000            $  106,000(3)              $  105,000(1)           $  105,000(5)
- -------------------------------------------------------------------------------------------------------
     2          $115,500            $  112,360(3)              $  115,500(1)           $  115,500(5)
- -------------------------------------------------------------------------------------------------------
     3          $129,360            $  119,102(3)              $  129,360(1)           $  129,360(5)
- -------------------------------------------------------------------------------------------------------
     4          $103,488            $  126,248(4)              $  129,360(2)           $  135,828(6)
- -------------------------------------------------------------------------------------------------------
     5          $113,837            $  133,823(4)              $  129,360(2)           $  142,296(6)
- -------------------------------------------------------------------------------------------------------
     6          $127,497            $  141,852(4)              $  129,360(2)           $  148,764(6)
- -------------------------------------------------------------------------------------------------------
     7          $127,497            $  150,363(4)              $  129,360(2)           $  155,232(6)
- -------------------------------------------------------------------------------------------------------




The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.


ANNUAL RATCHET TO AGE 85

(1) At the end of contract years 1 through 3, the enhanced death benefit is the
    current account value.

(2) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to
    or higher than the current account value.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.

(3) At the end of contract years 2 and 3, the death benefit will be the current
    account value.

(4) At the end of contract years 1 and 4 through 7, the death benefit will be
    the enhanced death benefit.


GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.

(5) At the end of contract years 1 through 3, the death benefit is the current
    account value.

(6) At the end of contract years 4 through 7, the death benefit is the enhanced
    death benefit.


D-1 Appendix IV: Enhanced death benefit example


Appendix V: Hypothetical illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
BENEFITS


The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85"
guaranteed minimum death benefit, the Earnings enhancement benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) Elite(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single $100,000
contribution and takes no withdrawals. The amounts shown are for the beginning
of each contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying portfolios (as described
below), the corresponding net annual rates of return would be (2.96)% and 3.04%
for the Accumulator(R) Elite(SM) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges, but they do not reflect the charges we deduct from your
account value annually for the optional Guaranteed minimum death benefit, the
Earnings enhancement benefit and the Guaranteed minimum income benefit
features, as well as the annual administrative charge. If the net annual rates
of return did reflect these charges, the net annual rates of return would be
lower; however, the values shown in the following tables reflect the following
contract charges: the Greater of 6% Roll-Up to age 85 or the Annual Ratchet to
age 85 Guaranteed minimum death benefit charge, Earnings enhancements benefit
charge, the Guaranteed minimum income benefit charge, and any applicable
administrative charge and withdrawal charge. The values shown under "Lifetime
annual guaranteed minimum income benefit" reflect the lifetime income that
would be guaranteed if the Guaranteed minimum income benefit is selected at
that contract date anniversary. An "N/A" in these columns indicates that the
benefit is not exercisable in that year. A "0" under any of the death benefit
and/or "Lifetime annual guaranteed minimum income benefit" columns indicates
that the contract has terminated due to insufficient account value. However,
the Guaranteed minimum income benefit has been automatically exercised and the
owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios, as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.


                                      Appendix V: Hypothetical illustrations E-1



Variable deferred annuity
Accumulator(R) Elite(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up or Annual Ratchet to age 85 Guaranteed minimum death
    benefit
  Earnings enhancement benefit
  Guaranteed minimum income benefit





                                                          Greater of 6%
                                                        Roll-Up to age 85                               Lifetime Annual
                                                        or Annual Ratchet                              Guaranteed Minimum
                                                            to age 85                                    Income Benefit
                                                           Guaranteed      Total Death Benefit ----------------------------------
                                                          Minimum Death     with the Earnings     Guaranteed       Hypothetical
                   Account Value        Cash Value           Benefit       enhancement benefit      Income            Income
       Contract ------------------- ------------------ ------------------- ------------------- ----------------- ----------------
 Age     Year       0%        6%       0%        6%        0%        6%        0%        6%       0%       6%       0%       6%
- ----- --------- --------- --------- -------- --------- --------- --------- --------- --------- -------- -------- -------- -------
                                                                                   
 60        1     100,000  100,000    92,000    92,000   100,000  100,000    100,000  100,000       N/A     N/A       N/A     N/A
 61        2      95,375  101,354    88,375    94,354   106,000  106,000    108,400  108,400       N/A     N/A       N/A     N/A
 62        3      90,824  102,666    84,824    96,666   112,360  112,360    117,304  117,304       N/A     N/A       N/A     N/A
 63        4      86,338  103,928    81,338    98,928   119,102  119,102    126,742  126,742       N/A     N/A       N/A     N/A
 64        5      81,911  105,134    81,911   105,134   126,248  126,248    136,747  136,747       N/A     N/A       N/A     N/A
 65        6      77,536  106,278    77,536   106,278   133,823  133,823    147,352  147,352       N/A     N/A       N/A     N/A
 66        7      73,204  107,353    73,204   107,353   141,852  141,852    158,593  158,593       N/A     N/A       N/A     N/A
 67        8      68,909  108,349    68,909   108,349   150,363  150,363    170,508  170,508       N/A     N/A       N/A     N/A
 68        9      64,643  109,260    64,643   109,260   159,385  159,385    183,139  183,139       N/A     N/A       N/A     N/A
 69       10      60,398  110,076    60,398   110,076   168,948  168,948    196,527  196,527       N/A     N/A       N/A     N/A
 74       15      39,151  112,361    39,151   112,361   226,090  226,090    276,527  276,527    14,266  14,266    14,266  14,266
 79       20      17,094  110,481    17,094   110,481   302,560  302,560    383,584  383,584    20,393  20,393    20,393  20,393
 84       25           0  102,327         0   102,327         0  404,893          0  493,179         0  34,821         0  34,821
 89       30           0  100,105         0   100,105         0  429,187          0  517,472       N/A     N/A       N/A     N/A
 94       35           0  100,670         0   100,670         0  429,187          0  517,472       N/A     N/A       N/A     N/A
 95       36           0  100,792         0   100,792         0  429,187          0  517,472       N/A     N/A       N/A     N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.


E-2 Appendix V: Hypothetical illustrations


Appendix VI: Earnings enhancement benefit example

- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes the
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:



                                                                No Withdrawal   $3000 withdrawal   $6000 withdrawal
    ----------------------------------------------------------------------------------------------------------------
                                                                                       
A   Initial contribution                                           100,000           100,000            100,000
    ----------------------------------------------------------------------------------------------------------------
B   Death benefit: prior to withdrawal.*                           104,000           104,000            104,000
    ----------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit earnings: death
    benefit less net contributions (prior to the withdrawal
C   in D).                                                          4,000             4,000              4,000
    B minus A.
    ----------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                        0               3,000              6,000
    ----------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                      0                 0                2,000
    greater of D minus C or zero
    ----------------------------------------------------------------------------------------------------------------
    Net contributions (adjusted for the withdrawal in D)
F   A minus E                                                      100,000           100,000            98,000
    ----------------------------------------------------------------------------------------------------------------
    Death benefit (adjusted for the withdrawal in D)
G   B minus D                                                      104,000           101,000            98,000
    ----------------------------------------------------------------------------------------------------------------
    Death benefit less net contributions
H   G minus F                                                       4,000             1,000                0
    ----------------------------------------------------------------------------------------------------------------
I   Earnings enhancement benefit factor                              40%               40%                40%
    ----------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit
J   H times I                                                       1,600              400                 0
    ----------------------------------------------------------------------------------------------------------------
    Death benefit: Including Earnings enhancement benefit
K   G plus J                                                       105,600           101,400            98,000
    ----------------------------------------------------------------------------------------------------------------


*  The death benefit is the greater of the account value or any applicable
   death benefit.


                           Appendix VI: Earnings enhancement benefit example F-1


Appendix VII: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
Elite(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus.

STATES WHERE CERTAIN ACCUMULATOR(R) ELITE(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:





- ------------------------------------------------------------------------------------------------------------------------------------
State        Features and Benefits                                 Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                             
CALIFORNIA   See "Contract features and benefits"--"Your right     If you reside in the state of California and you are age 60
             to cancel within a certain number of days"            and older at the time the contract is issued, you may return
                                                                   your variable annuity contract within 30 days from the date
                                                                   that you receive it and receive a refund as described below.

                                                                   If you allocate your entire initial contribution to the
                                                                   EQ/Money Market option (and/or guaranteed interest
                                                                   option, if available), the amount of your refund will be equal
                                                                   to your contribution less interest, unless you make a trans-
                                                                   fer, in which case the amount of your refund will be equal to
                                                                   your account value on the date we receive your request to
                                                                   cancel at our processing office. This amount could be less
                                                                   than your initial contribution. If the Principal guarantee ben-
                                                                   efit or Guaranteed withdrawal benefit for life is elected, the
                                                                   investment allocation during the 30 day free look period is
                                                                   limited to the guaranteed interest option. If you allocate any
                                                                   portion of your initial contribution to the variable invest-
                                                                   ment options (other than the EQ/Money Market option)
                                                                   and/or fixed maturity options, your refund will be equal to
                                                                   your account value on the date we receive your request to
                                                                   cancel at our processing office.
- ------------------------------------------------------------------------------------------------------------------------------------



G-1 Appendix VII: State contract availability and/or variations of certain
    features and benefits





- ------------------------------------------------------------------------------------------------------------------------------------
State          Features and Benefits                                 Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                               
PENNSYLVANIA   See "Disability, terminal illness, or confinement     o  Item (iii) under this section is deleted in its entirety.
               to nursing home" under "withdrawal charge" in
               "Charges and expenses"

               Required disclosure for Pennsylvania customers        Any person who knowingly and with intent to defraud any
                                                                     insurance company or other person files an application for
                                                                     insurance or statement of claim containing any materially
                                                                     false information or conceals for the purpose of misleading,
                                                                     information concerning any fact material thereto commits a
                                                                     fraudulent insurance act, which is a crime and subjects such
                                                                     person to criminal and civil penalties.
- ------------------------------------------------------------------------------------------------------------------------------------
PUERTO RICO    IRA, Roth IRA, Inherited IRA, QP and Rollover TSA     Not Available
               contracts

               Beneficiary continuation option (IRA)                 Not Available
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS          See "Charges that AXA Equitable deducts" under        o We will deduct the annual administrative charge, on a
               "Annual administrative charge" in "Charges and          pro rata basis, only from your value in the variable
               expenses"                                               investment options. We will not deduct this charge from
                                                                       your value in the guaranteed interest option.

- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON     Guaranteed interest option                            Not available

               Investment simplifier -- Fixed-dollar option          Not available
               and Interest sweep option

               Fixed maturity options                                Not available

               Income Manager(SM) payout option                      Not available

               Earnings enhancement benefit                          Not available

               Special dollar cost averaging program                 o Available only at issue
                                                                     o Subsequent contributions cannot be used to elect new
                                                                       programs. You may make subsequent contributions to
                                                                       the initial programs while they are still running.

               See "Guaranteed minimum death benefit/Guaranteed      Your "Greater of 4% Roll-Up to Age 85 or Annual Ratchet
               minimum income benefit roll-up benefit benefit        to age 85 enhanced death benefit" benefit base will reset
               base reset" in "Contract features and benefits"       only if your account value is greater than your Guaranteed
                                                                     minimum income benefit base.

               See "Guaranteed minimum death benefit" in             You have a choice of the standard death benefit, Annual
               "Contract features and benefits"                      Ratchet to age 85 enhanced death benefit, or the Greater of
                                                                     4% Roll-Up to age 85 or Annual Ratchet to age 85
                                                                     enhanced death benefit.

               See "Annual administrative charge" in "Charges        The annual administrative charge will be deducted from the
               and expenses"                                         value in the variable investment options on a pro rata basis.

               See "Withdrawal charge" in "Charges and expenses"     The 10% free withdrawal amount applies to full surrenders.

               See "Withdrawal charge" in "Charges and expenses"     The annuitant has qualified to receive Social Security
               under "Disability, terminal illness, or               disability benefits as certified by the Social Security
               confinement to nursing home"                          Administration or a statement from an independent U.S. licensed
                                                                     physician stating that the annuitant meets the definition of
                                                                     total disability for at least 6 continuous months prior to the
                                                                     notice of claim. Such disability must be re-certified every
                                                                     12 months.
- ------------------------------------------------------------------------------------------------------------------------------------



                            Appendix VII: State contract availability and/or
                                 variations of certain features and benefits G-2


Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS


                                                                           Page
Who is AXA Equitable?                                                       2

Unit Values                                                                 2
Custodian and Independent Registered Public Accounting Firm                 2
Distribution of the Contracts                                               2

Financial Statements                                                        3



How to obtain an Accumulator(R) Elite(SM) Statement of Additional Information
for Separate Account No. 49

Send this request form to:
   Accumulator(R) Elite(SM)
   P.O. Box 1547
   Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me an Accumulator(R) Elite(SM) SAI for Separate Account No. 49 dated
May 1, 2007.



- --------------------------------------------------------------------------------
Name:


- --------------------------------------------------------------------------------
Address:


- --------------------------------------------------------------------------------
City           State    Zip















                         x01481/Elite '02, '04, '06 Jumpstart '07 and '07 Series





Accumulator(R) Elite(SM)
A combination variable and fixed deferred
annuity contract

PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing, or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) ELITE(SM)?


Accumulator(R) Elite(SM) is a deferred annuity contract issued by AXA Equitable
Life Insurance Company. It provides for the accumulation of retirement savings
and for income. The contract offers income and death benefit protection. It
also offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option, fixed maturity options or the account for special
dollar cost averaging ("investment options"). This contract may not currently
be available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------
(1)  The "AXA Allocation" portfolios.

*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust, or
The Universal Institutional Funds, Inc (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.

You may also allocate amounts to the guaranteed interest option, the fixed
maturity option and the account for special dollar cost averaging, which are
discussed later in this Prospectus. If you elect the Guaranteed withdrawal
benefit for life or a Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and certain permitted variable investment option(s). The
permitted variable investment options are described later in this Prospectus.


TYPES OF CONTRACTS. We offer the contracts for use as:

o  A nonqualified annuity ("NQ") for after-tax contributions only.


o  An individual  retirement annuity ("IRA"),  either traditional IRA ("Rollover
   IRA") or Roth IRA ("Roth Conversion IRA").

o  Traditional and Roth Inherited IRA beneficiary continuation contract
   ("Inherited IRA") (direct transfer and specified direct rollover
   contributions only).

o  An annuity that is an investment vehicle for a qualified defined contribution
   plan ("QP") (Rollover and direct transfer contributions only).


o  An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
   IRA") or Roth IRA ("Roth Conversion IRA").

o  An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $10,000 is required to purchase a contract.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.


                                  X01465 Elite Jumpstart 07 Series/new biz only
                                                                        (R-4/15)




Contents of this Prospectus
- --------------------------------------------------------------------

- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

ACCUMULATOR(R) ELITE(SM)
- -------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) Elite(SM) at a glance -- key features                         9

- -------------------------------------------------------------------------------
FEE TABLE                                                                   11
- -------------------------------------------------------------------------------
Example                                                                     15
Condensed financial information                                             19

- -------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           20
- -------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        20
Owner and annuitant requirements                                            24
How you can make your contributions                                         24
What are your investment options under the contract?                        24
Portfolios of the Trusts                                                    25
Allocating your contributions                                               31
Guaranteed minimum death benefit and
     Guaranteed minimum income benefit base                                 33
Annuity purchase factors                                                    34
Guaranteed minimum income benefit option                                    34
Guaranteed minimum death benefit                                            37
Guaranteed withdrawal benefit for life ("GWBL")                             38
Principal guarantee benefits                                                42
Inherited IRA beneficiary continuation contract                             42
Your right to cancel within a certain number of days                        43

- -------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        45
- -------------------------------------------------------------------------------
Your account value and cash value                                           45
Your contract's value in the variable investment options                    45
Your contract's value in the guaranteed interest option                     45
Your contract's value in the fixed maturity options                         45
Your contract's value in the account for special dollar cost
     averaging                                                              45
Insufficient account value                                                  45

- -------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG
     INVESTMENT OPTIONS                                                     47
- -------------------------------------------------------------------------------
Transferring your account value                                             47
Disruptive transfer activity                                                47
Rebalancing your account value                                              48

2  Contents of this Prospectus



- -------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     50
- -------------------------------------------------------------------------------
Withdrawing your account value                                              50
How withdrawals are taken from your account value                           52
How withdrawals affect your Guaranteed minimum income
   benefit, Guaranteed minimum death benefit and
     Principal guarantee benefits                                           52
How withdrawals affect your GWBL and
     GWBL Guaranteed minimum death benefit                                  52
Withdrawals treated as surrenders                                           53
Loans under Rollover TSA contracts                                          53
Surrendering your contract to receive its cash value                        54
When to expect payments                                                     54
Your annuity payout options                                                 54

- -------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     57
- -------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          57
Charges that the Trusts deduct                                              60
Group or sponsored arrangements                                             60
Other distribution arrangements                                             61

- -------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 62
- -------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     62
Beneficiary continuation option                                             64

- -------------------------------------------------------------------------------
7. TAX INFORMATION                                                          66
- -------------------------------------------------------------------------------
Overview                                                                    66
Buying a contract to fund a retirement arrangement                          66
Transfers among investment options                                          66
Taxation of nonqualified annuities                                          66
Individual retirement arrangements (IRAs)                                   68
Tax-Sheltered Annuity contracts (TSAs)                                      78
Federal and state income tax withholding and
     information reporting                                                  81
Special rules for contracts funding qualified plans                         82
Impact of taxes to AXA Equitable                                            82

- -------------------------------------------------------------------------------
8. MORE INFORMATION                                                         83
- -------------------------------------------------------------------------------
About our Separate Account No. 49                                           83
About the Trusts                                                            83
About our fixed maturity options                                            83
About the general account                                                   84
About other methods of payment                                              85
Dates and prices at which contract events occur                             85
About your voting rights                                                    86
About legal proceedings                                                     86
Financial statements                                                        86
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          86

About Custodial IRAs                                                        87

Distribution of the contracts                                               87

- -------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          89
- -------------------------------------------------------------------------------

- -------------------------------------------------------------------------------
APPENDICES
- -------------------------------------------------------------------------------
I   -- Condensed financial information                                     A-1
II  -- Purchase considerations for QP contracts                            B-1
III -- Market value adjustment example                                     C-1
IV  -- Enhanced death benefit example                                      D-1
V   -- Hypothetical illustrations                                          E-1
VI  -- Earnings enhancement benefit example                                F-1
VII -- State contract availability and/or variations of
       certain features and benefits                                       G-1

- -------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- -------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3



Index of key words and phrases

- -------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.

                                                                 Page in
Term                                                          Prospectus
   6% Roll-Up to age 85                                               33
   account value                                                      45
   administrative charge                                              57
   annual administrative charge                                       57
   Annual Ratchet                                                     40
   Annual Ratchet to age 85 enhanced death benefit                    33
   annuitant                                                          20
   annuitization                                                      54
   annuity maturity date                                              56
   annuity payout options                                             54
   annuity purchase factors                                           34
   automatic investment program                                       85
   AXA Allocation portfolios                                       cover
   beneficiary                                                        62
   Beneficiary continuation option ("BCO")                            64
   benefit base                                                       39
   business day                                                       85
   cash value                                                         45
   charges for state premium and other applicable taxes               60
   contract date                                                      24
   contract date anniversary                                          24
   contract year                                                      24
   contributions to Roth IRAs                                         75
     regular contributions                                            75
     rollovers and direct transfers                                   75
     conversion contributions                                         76
   contributions to traditional IRAs                                  69
     regular contributions                                            69
     rollovers and transfers                                          71
   disability, terminal illness or confinement to nursing home        58
   disruptive transfer activity                                       47
   distribution charge                                                57
   Earnings enhancement benefit                                       37
   Earnings enhancement benefit charge                                60
   EQAccess                                                            7
   ERISA                                                              53
   fixed-dollar option                                                32
   fixed maturity options                                             30
   free look                                                          43
   free withdrawal amount                                             58
   general account                                                    84
   general dollar cost averaging                                      32
   guaranteed interest option                                         30
   Guaranteed minimum death benefit                                   37
   Guaranteed minimum death benefit/Guaranteed
     minimum income benefit roll-up benefit base reset option         34
   Guaranteed minimum income benefit                                  34
   Guaranteed minimum income benefit charge                           59
   Guaranteed minimum income benefit "no lapse guarantee"             35
   Guaranteed withdrawal benefit for life                             38
   Guaranteed withdrawal benefit for life charge                      38
   Inherited IRA                                                   cover
   investment options                                              cover

Term                                                          Prospectus
   Investment simplifier                                              32
   IRA                                                             cover
   IRS                                                                66
   lifetime required minimum distribution withdrawals                 51
   loan reserve account                                               53
   loans under rollover TSA                                           53
   market adjusted amount                                             30
   market timing                                                      47
   market value adjustment                                            30
   maturity dates                                                     30
   maturity value                                                     30
   Mortality and expense risks charge                                 57
   NQ                                                              cover
   partial withdrawals                                                38
   permitted variable investment options                              24
   portfolio                                                       cover
   Principal guarantee benefits                                       42
   processing office                                                   7
   QP                                                              cover
   rate to maturity                                                   30
   Rebalancing                                                        33
   Rollover IRA                                                    cover
   Rollover TSA                                                    cover
   Roth Conversion IRA                                             cover
   Roth IRA                                                        cover
   SAI                                                             cover
   SEC                                                             cover
   self-directed allocation                                           31
   Separate Account No. 49                                            83
   special dollar cost averaging                                      31
   Spousal continuation                                               63
   standard death benefit                                             33
   substantially equal withdrawals                                    51
   systematic withdrawals                                             51
   TOPS                                                                7
   TSA                                                             cover
   traditional IRA                                                 cover
   Trusts                                                             83
   unit                                                               45
   variable investment options                                        24
   wire transmittals and electronic applications                      85
   withdrawal charge                                                  58

4  Index of key words and phrases



To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract. Your financial professional can provide further explanation about
your contract or supplemental materials.



- ------------------------------------------------------------------------------------------------------------------------------------
 Prospectus                                   Contract or Supplemental Materials
- ------------------------------------------------------------------------------------------------------------------------------------
                                           
     fixed maturity options                   Guarantee Periods (Guaranteed Fixed Interest Accounts in supplemental materials)
     variable investment options              Investment Funds
     account value                            Annuity Account Value
     rate to maturity                         Guaranteed Rates
     unit                                     Accumulation Unit
     Guaranteed minimum death benefit         Guaranteed death benefit
     Guaranteed minimum income benefit        Guaranteed Income Benefit
     guaranteed interest option               Guaranteed Interest Account
     Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
     GWBL benefit base                        Guaranteed withdrawal benefit for life benefit base
     Guaranteed annual withdrawal             Guaranteed withdrawal benefit for life Annual withdrawal amount
     amount
     GWBL Excess withdrawal                   Guaranteed withdrawal benefit for life Excess withdrawal
- ------------------------------------------------------------------------------------------------------------------------------------


                                              Index of key words and phrases 5



Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


6  Who is AXA Equitable?



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Elite(SM)
P.O. Box 13014
Newark, NJ 07188-0014


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R) Elite(SM)
c/o JPMorgan Chase - Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R) Elite(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS DELIV-
 ERY:
- --------------------------------------------------------------------------------

Accumulator(R) Elite(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094

- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------

o  written confirmation of financial transactions;

o  statement of your contract values at the close of each calendar year and any
   calendar quarter in which there was a financial transaction; and


o  annual statement of your contract values as of the close of the contract
   year, including notification of eligibility to exercise the Guaranteed
   minimum income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o  your current account value;

o  your current allocation percentages;

o  the number of units you have in the variable investment options;

o  rates to maturity for the fixed maturity options (not available through
   EQAccess);

o  the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the investment
   options;

o  elect to receive certain statements electronically;

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or the Internet are genuine. For example, we will
require certain personal identification information before we will act on
telephone or Internet instructions and we will provide written confirmation of
your transfers. If we do not employ reasonable procedures to confirm the
genuineness of telephone or Internet instructions, we may be liable for any
losses arising out of any act or omission that constitutes negligence, lack of
good faith, or willful misconduct. In light of our procedures, we will not be
liable for following telephone or Internet instructions we reasonably believe
to be genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

                                                        Who is AXA Equitable?  7



- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)   authorization for telephone transfers by your financial professional
      (available only for contracts distributed through AXA Distributors);

(2)   conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)   election of the automatic investment program;

(4)   election of the rebalancing program;

(5)   requests for loans under Rollover TSA contracts;

(6)   spousal consent for loans under Rollover TSA contracts;

(7)   requests for withdrawals or surrenders from Rollover TSA contracts and
      contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)   tax withholding elections;

(9)   election of the beneficiary continuation option;

(10)  IRA contribution recharacterizations;

(11)  certain Section 1035 exchanges;

(12)  direct transfers;

(13)  exercise of the Guaranteed minimum income benefit;


(14)  requests to reset your Roll-Up benefit base (for contracts that have both
      the Guaranteed minimum income benefit and the Greater of 6% Roll-Up to age
      85 or Annual Ratchet to age 85 enhanced death benefit);


(15)  requests to opt out of or back into the annual ratchet of the Guaranteed
      withdrawal benefit for life ("GWBL") benefit base;

(16)  death claims;

(17)  change in ownership (NQ only);

(18)  requests for enrollment in either our Maximum payment plan or Customized
      payment plan under the Guaranteed withdrawal benefit for life ("GWBL");
      and

(19)  requests to reset the guaranteed minimum value for contracts with a
      Principal guarantee benefit.


WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1) address changes;

(2) beneficiary changes;

(3) transfers between investment options;

(4) contract surrender and withdrawal requests;

(5) general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6) special dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1) automatic investment program;

(2) general dollar cost averaging (including the fixed dollar and interest
    sweep options);

(3) rebalancing;

(4) special dollar cost averaging;

(5) substantially equal withdrawals;

(6) systematic withdrawals; and

(7) the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners both must sign.


8  Who is AXA Equitable?



Accumulator(R) Elite(SM) at a glance -- key features

- --------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                          
Professional investment      Accumulator(R) Elite(SM)'s variable investment options invest in different portfolios managed by
management                   professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options       o   Fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years
                                 (subject to availability).

                             o   Each fixed maturity option offers a guarantee of principal and interest rate if you hold it
                                 to maturity.
                             -------------------------------------------------------------------------------------------------------
                             If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a
                             market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                             portion of a fixed maturity amount, this may increase or decrease any value that you have left
                             in that fixed maturity option. If you surrender your contract, a market value adjustment also
                             applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest          o   Principal and interest guarantees.
option
                             o   Interest rates set periodically.

- ------------------------------------------------------------------------------------------------------------------------------------
Account for special dollar   Available for dollar cost averaging all or a portion of any eligible contribution to your
cost averaging               contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations           o   No tax on earnings inside the contract until you make withdrawals from your contract or
                                 receive annuity payments.
                             -------------------------------------------------------------------------------------------------------
                             o   No tax on transfers among investment options inside the contract.
                             -------------------------------------------------------------------------------------------------------
                             If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax
                             Sheltered Annuity (TSA) or to fund an employer retirement plan (QP or Qualified Plan), you should
                             be aware that such annuities do not provide tax deferral benefits beyond those already provided by
                             the Internal Revenue Code. Before purchasing one of these annuities, you should consider whether its
                             features and benefits beyond tax deferral meet your needs and goals. You may also want to consider the
                             relative features, benefits and costs of these annuities compared with any other investment that
                             you may use in connection with your retirement plan or arrangement. Depending on your personal
                             situation, the contract's guaranteed benefits may have limited usefulness because of required minimum
                             distributions ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum           The Guaranteed minimum income benefit provides income protection for you during your life once you
income benefit               elect to annuitize the contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal        The Guaranteed withdrawal benefit for life option ("GWBL") guarantees that you can take withdrawals
benefit for life             up to a maximum amount each contract year (your "Guaranteed annual withdrawal amount") beginning at
                             age 45 or later. Withdrawals are taken from your account value and continue during your lifetime
                             even if your account value falls to zero (unless it is caused by a withdrawal that exceeds your
                             Guaranteed annual withdrawal amount).
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts         o Initial minimum:      $10,000
                             o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                     $100 monthly and $300 quarterly under our automatic investment program
                                                      (NQ contracts)
                                                     $1,000 (Inherited IRA contracts)
                                                     $50 (IRA contracts)
                             -------------------------------------------------------------------------------------------------------
                             Maximum contribution limitations may apply. In general, contributions are limited to $1.5
                             million ($500,000 for owners or annuitants who are age 81 and older at contract issue unless
                             you elect GWBL) under all Accumulator(R) series contracts with the same owner or annuitant.
                             We reserve the right to limit aggregate contributions made after the first contract year to
                             150% of the first-year contributions. See "How you can purchase and contribute to your
                             contract" in "Contract features and benefits" later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------



                          Accumulator(R) Elite(SM) at a glance -- key features 9





                         
Access to your money         o  Partial withdrawals
                             o   Several withdrawal options on a periodic basis
                             o   Loans under Rollover TSA contracts
                             o   Contract surrender
                             o   Maximum payment plan (only under contracts with
                                 GWBL)
                             o   Customized payment plan (only under contracts
                                 with GWBL)
                             You may incur a withdrawal charge for certain
                             withdrawals or if you surrender your contract. You
                             may also incur income tax and a tax penalty.
                             Certain withdrawals will diminish the value of
                             optional benefits.
- --------------------------------------------------------------------------------
Payout options               o   Fixed annuity payout options
                             o   Variable Immediate Annuity payout options
                                 (described in a separate prospectus for that
                                 option)
                             o   Income Manager(SM) payout options (described in
                                 a separate prospectus for that option)
- --------------------------------------------------------------------------------
Additional features          o   Guaranteed minimum death benefit options
                             o   Principal guarantee benefits
                             o   Dollar cost averaging
                             o   Automatic investment program
                             o   Account value rebalancing (quarterly,
                                 semiannually, and annually)
                             o   Free transfers
                             o   Waiver of withdrawal charge for disability,
                                 terminal illness, confinement to a nursing home
                                 and certain other withdrawals
                             o   Earnings enhancement benefit, an optional death
                                 benefit available under certain contracts
                             o   Spousal continuation
                             o   Beneficiary continuation option
                             o   Guaranteed minimum death benefit/Guaranteed
                                 minimum income benefit roll-up benefit base
                                 reset
- --------------------------------------------------------------------------------
Fees and charges             Please see "Fee table" later in this section for
                             complete details.
- --------------------------------------------------------------------------------
Owner and annuitant issue    NQ: 0-85
ages                         Rollover IRA, Roth Conversion
                             IRA and Rollover TSA: 20-85
                             Inherited IRA: 0-70
                             QP: 20-75
- --------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply.  Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.

Other contracts


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


10 Accumulator(R) Elite(SM) at a glance -- key features



Fee table

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your
cash value to certain payout options or if you purchase a Variable Immediate
Annuity. Charges designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state, may also apply.





- ------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain transactions
- ------------------------------------------------------------------------------------------------------------
                                                                         
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain
withdrawals or apply your cash value to certain payout options).(1)         8.00%
Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                      $350
- ------------------------------------------------------------------------------------------------------------
The next table describes the fees and expenses that you will pay periodically during
the time that you own the contract, not including the underly-
ing trust portfolio fees and expenses.
- ------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- ------------------------------------------------------------------------------------------------------------
Maximum annual administrative charge(2)
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                               $ 30
   If your account value on a contract date anniversary is $50,000
   or more                                                                  $  0
- ------------------------------------------------------------------------------------------------------------
 Charges we deduct from your variable investment options expressed as an annual percentage of daily net
 assets
- ------------------------------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                                 1.10%
Administrative                                                              0.30%
Distribution                                                                0.25%
                                                                            ----
Total Separate account annual expenses                                      1.65%
- ------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value each year if you elect any of the following optional benefits
- ------------------------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)
   Standard death benefit and GWBL Standard death benefit                   0.00%
   Annual Ratchet to age 85                                                 0.25%
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85              0.65%
   GWBL Enhanced death benefit                                              0.30%
- ------------------------------------------------------------------------------------------------------------
Principal guarantee benefits charge (calculated as a percentage
of the account value. Deducted annually(2) on each contract date anni-
versary for which the benefit is in effect.)
   100% Principal guarantee benefit                                         0.50%
   125% Principal guarantee benefit                                         0.75%
- ------------------------------------------------------------------------------------------------------------
Guaranteed minimum income benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)              0.65%
- ------------------------------------------------------------------------------------------------------------



                                                                    Fee table 11





- ------------------------------------------------------------------------------------------------------------
                                                                         
Earnings enhancement benefit charge (calculated as a percent-
age of the account value. Deducted annually(2) on each contract date
anniversary for which the benefit is in effect.)                            0.35%
- ------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal benefit for life benefit charge (calcu-               0.60% for the Single Life option
lated as a percentage of the GWBL benefit base. Deducted annually (2)       0.75% for the Joint Life option
on each contract date anniversary.)

If your GWBL benefit base ratchets, we reserve the right to increase        0.75% for the Single Life option
your charge up to:                                                          0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life" in "Contract features and
benefits" for more information about this feature, including its benefit base
and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses," both later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------
Net loan interest charge - Rollover TSA contracts only (calcu-
lated and deducted daily as a percentage of the outstanding loan
amount)                                                                     2.00%(4)
- ------------------------------------------------------------------------------------------------------------


You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are
using. This table shows the lowest and highest total operating expenses
charged by any of the Portfolios that you will pay periodically during the
time that you own the contract. These fees and expenses are reflected in
the Portfolio's net asset value each day. Therefore, they reduce the
investment return of the Portfolio and the related variable investment
option. Actual fees and expenses are likely to fluctuate from year to year.
More detail concerning each Portfolio's fees and expenses is contained in
the Trust prospectus for the Portfolio.



- ------------------------------------------------------------------------------------------------------------
Portfolio operating expenses expressed as an annual percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------
                                                                                   
Total Annual Portfolio Operating Expenses for 2006 (expenses that             Lowest     Highest
are deducted from Portfolio assets including management fees, 12b-1 fees,     ------     -------
service fees, and/or other expenses)(5)                                       0.63%      3.15%



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.






- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            Total
                                                                             Acquired      Annual        Fee       Net Total
                                                                            Fund Fees     Expenses     Waivers       Annual
                                                                               and         (Before     and/or       Expenses
                                           Manage-                           Expenses      Expense     Expense       (After
                                            ment      12b-1    Other        Underlying     Limita-   Reimburse-     Expense
 Portfolio Name                            Fees(6)  Fees(7)  Expenses(8)  Portfolios(9)    tions)     ments(10)   Limitations)
                                                                                             
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                   0.10%      0.25%     0.18%         0.91%        1.44%      (0.18)%          1.26%
AXA Conservative Allocation                 0.10%      0.25%     0.22%         0.67%        1.24%      (0.22)%          1.02%
AXA Conservative-Plus Allocation            0.10%      0.25%     0.18%         0.72%        1.25%      (0.18)%          1.07%
AXA Moderate Allocation                     0.10%      0.25%     0.17%         0.78%        1.30%      (0.17)%          1.13%
AXA Moderate-Plus Allocation                0.10%      0.25%     0.17%         0.85%        1.37%      (0.17)%          1.20%
Multimanager Aggressive Equity *            0.61%      0.25%     0.19%           --         1.05%         --            1.05%
Multimanager Core Bond*                     0.59%      0.25%     0.18%           --         1.02%      (0.07)%          0.95%
Multimanager Health Care*                   1.20%      0.25%     0.23%           --         1.68%       0.00%           1.68%
Multimanager High Yield*                    0.58%      0.25%     0.18%           --         1.01%         --            1.01%
Multimanager International Equity*          1.02%      0.25%     0.26%           --         1.53%       0.00%           1.53%
Multimanager Large Cap Core Equity*         0.90%      0.25%     0.20%           --         1.35%       0.00%           1.35%
Multimanager Large Cap Growth*              0.90%      0.25%     0.22%           --         1.37%      (0.02)%          1.35%
Multimanager Large Cap Value*               0.88%      0.25%     0.22%           --         1.35%       0.00%           1.35%
Multimanager Mid Cap Growth*                1.10%      0.25%     0.20%         0.01%        1.56%       0.00%           1.56%
Multimanager Mid Cap Value*                 1.10%      0.25%     0.21%         0.03%        1.59%       0.00%           1.59%
Multimanager Technology *                   1.20%      0.25%     0.23%           --         1.68%       0.00%           1.68%
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock           0.47%      0.25%     0.13%           --         0.85%         --            0.85%
EQ/AllianceBernstein Growth and Income++    0.56%      0.25%     0.12%           --         0.93%         --            0.93%
EQ/AllianceBernstein Intermediate
  Government Securities                     0.50%      0.25%     0.14%           --         0.89%         --            0.89%
EQ/AllianceBernstein International          0.71%      0.25%     0.20%           --         1.16%      (0.06)%          1.10%
EQ/AllianceBernstein Large Cap Growth       0.90%      0.25%     0.11%           --         1.26%      (0.21)%          1.05%
EQ/AllianceBernstein Quality Bond           0.50%      0.25%     0.14%           --         0.89%         --            0.89%
- ------------------------------------------------------------------------------------------------------------------------------------



12 Fee table






- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                Total
                                                                                Acquired      Annual         Fee       Net Total
                                                                               Fund Fees     Expenses     Waivers       Annual
                                                                                  and         (Before     and/or       Expenses
                                            Manage-                             Expenses      Expense     Expense       (After
                                             ment      12b-1     Other         Underlying     Limita-   Reimburse-     Expense
 Portfolio Name                            Fees(6)   Fees(7)   Expenses(8)   Portfolios(9)    tions)     ments(10)   Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                
EQ/AllianceBernstein Small Cap Growth       0.74%      0.25%     0.13%           --            1.12%         --          1.12%
EQ/AllianceBernstein Value                  0.60%      0.25%     0.13%           --            0.98%      (0.03)%        0.95%
EQ/Ariel Appreciation II                    0.75%      0.25%     0.51%           --            1.51%      (0.36)%        1.15%
EQ/AXA Rosenberg Value Long/Short Equity    1.40%      0.25%     1.44%           --            3.09%      (1.10)%        1.99%
EQ/BlackRock Basic Value Equity*            0.55%      0.25%     0.14%           --            0.94%       0.00%         0.94%
EQ/BlackRock International Value*           0.82%      0.25%     0.21%           --            1.28%      (0.03)%        1.25%
EQ/Boston Advisors Equity Income            0.75%      0.25%     0.15%           --            1.15%      (0.10)%        1.05%
EQ/Calvert Socially Responsible             0.65%      0.25%     0.25%           --            1.15%      (0.10)%        1.05%
EQ/Capital Guardian Growth                  0.65%      0.25%     0.16%           --            1.06%      (0.11)%        0.95%
EQ/Capital Guardian International+          0.83%      0.25%     0.21%           --            1.29%      (0.09)%        1.20%
EQ/Capital Guardian Research                0.65%      0.25%     0.13%           --            1.03%      (0.08)%        0.95%
EQ/Capital Guardian U.S. Equity++           0.64%      0.25%     0.14%           --            1.03%      (0.08)%        0.95%
EQ/Caywood-Scholl High Yield Bond           0.60%      0.25%     0.18%           --            1.03%      (0.03)%        1.00%
EQ/Davis New York Venture                   0.85%      0.25%     0.74%           --            1.84%      (0.54)%        1.30%
EQ/Equity 500 Index                         0.25%      0.25%     0.13%           --            0.63%         --          0.63%
EQ/Evergreen International Bond             0.70%      0.25%     0.23%           --            1.18%      (0.03)%        1.15%
EQ/Evergreen Omega                          0.65%      0.25%     0.21%           --            1.11%       0.00%         1.11%
EQ/FI Mid Cap                               0.68%      0.25%     0.15%           --            1.08%      (0.08)%        1.00%
EQ/FI Mid Cap Value+                        0.73%      0.25%     0.13%           --            1.11%      (0.01)%        1.10%
EQ/Franklin Income                          0.90%      0.25%     0.38%           --            1.53%      (0.23)%        1.30%
EQ/Franklin Small Cap Value                 0.90%      0.25%     2.00%           --            3.15%      (1.85)%        1.30%
EQ/Franklin Templeton Founding Strategy**   0.05%      0.25%     0.21%         1.07%           1.58%      (0.11)%        1.47%
EQ/GAMCO Mergers and Acquisitions           0.90%      0.25%     0.33%           --            1.48%      (0.03)%        1.45%
EQ/GAMCO Small Company Value                0.78%      0.25%     0.14%           --            1.17%       0.00%         1.17%
EQ/International Growth                     0.85%      0.25%     0.35%           --            1.45%       0.00%         1.45%
EQ/Janus Large Cap Growth++                 0.90%      0.25%     0.15%           --            1.30%      (0.15)%        1.15%
EQ/JPMorgan Core Bond                       0.44%      0.25%     0.15%           --            0.84%       0.00%         0.84%
EQ/JPMorgan Value Opportunities             0.60%      0.25%     0.16%           --            1.01%      (0.06)%        0.95%
EQ/Legg Mason Value Equity                  0.65%      0.25%     0.22%           --            1.12%      (0.12)%        1.00%
EQ/Long Term Bond                           0.43%      0.25%     0.15%           --            0.83%       0.00%         0.83%
EQ/Lord Abbett Growth and Income            0.65%      0.25%     0.26%           --            1.16%      (0.16)%        1.00%
EQ/Lord Abbett Large Cap Core               0.65%      0.25%     0.41%           --            1.31%      (0.31)%        1.00%
EQ/Lord Abbett Mid Cap Value                0.70%      0.25%     0.18%           --            1.13%      (0.08)%        1.05%
EQ/Marsico Focus                            0.85%      0.25%     0.13%           --            1.23%      (0.08)%        1.15%
EQ/MFS Emerging Growth Companies+           0.65%      0.25%     0.15%           --            1.05%         --          1.05%
EQ/MFS Investors Trust+                     0.60%      0.25%     0.16%           --            1.01%      (0.06)%        0.95%
EQ/Money Market                             0.33%      0.25%     0.14%           --            0.72%         --          0.72%
EQ/Montag & Caldwell Growth                 0.75%      0.25%     0.16%           --            1.16%      (0.01)%        1.15%
EQ/Mutual Shares                            0.90%      0.25%     0.50%           --            1.65%      (0.35)%        1.30%
EQ/Oppenheimer Global                       0.95%      0.25%     1.30%         0.01%           2.51%      (1.15)%        1.36%
EQ/Oppenheimer Main Street Opportunity      0.85%      0.25%     1.58%           --            2.68%      (1.38)%        1.30%
EQ/Oppenheimer Main Street Small Cap        0.90%      0.25%     1.48%           --            2.63%      (1.33)%        1.30%
EQ/PIMCO Real Return                        0.55%      0.25%     0.18%           --            0.98%      (0.08)%        0.90%
EQ/Short Duration Bond                      0.43%      0.25%     0.14%           --            0.82%       0.00%         0.82%
EQ/Small Cap Value+                         0.73%      0.25%     0.15%           --            1.13%      (0.03)%        1.10%
EQ/Small Company Growth+                    1.00%      0.25%     0.17%           --            1.42%      (0.12)%        1.30%
EQ/Small Company Index                      0.25%      0.25%     0.16%         0.01%           0.67%       0.00%         0.67%
EQ/TCW Equity++                             0.80%      0.25%     0.16%           --            1.21%      (0.06)%        1.15%
EQ/Templeton Growth                         0.95%      0.25%     0.64%           --            1.84%      (0.49)%        1.35%
EQ/UBS Growth and Income                    0.75%      0.25%     0.17%           --            1.17%      (0.12)%        1.05%
EQ/Van Kampen Comstock                      0.65%      0.25%     0.19%           --            1.09%      (0.09)%        1.00%
EQ/Van Kampen Emerging Markets Equity       1.12%      0.25%     0.40%           --            1.77%       0.00%         1.77%
EQ/Van Kampen Mid Cap Growth                0.70%      0.25%     0.23%           --            1.18%      (0.13)%        1.05%
EQ/Wells Fargo Montgomery Small Cap++       0.85%      0.25%     0.41%           --            1.51%      (0.21)%        1.30%
- ------------------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              0.74%      0.35%     0.27%           --            1.36%      (0.10)%       1.26%
- ------------------------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 13




*   This is the investment option's new name effective on or about May 29,
    2007, subject to regulatory approval. Please see "Portfolios of the
    Trusts" in "Contract features and ben efits" later in this Prospectus
    for the investment option's former name.

**  This investment option will be available on or about May 29, 2007,
    subject to regulatory approval.

+   This investment option's name, investment objective and sub-adviser
    will change on or about May 29, 2007, subject to regulatory approval.
    See the supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this Portfolio.


Notes:

(1) Deducted upon a withdrawal of amounts in excess of the 10% free
    withdrawal amount, if applicable


                                                                              
    The withdrawal charge percentage we use is determined by the contract year   Contract
    in which you make the withdrawal or surrender your contract. For each        Year
    contribution, we consider the contract year in which we receive that         1.......................8.00%
    contribution to be "contract year 1")                                        2.......................7.00%
                                                                                 3.......................6.00%
                                                                                 4.......................5.00%
                                                                                 5+......................0.00%



(2) If the contract is surrendered or annuitized or a death benefit is paid
    on any date other than the contract date anniversary, we will deduct a
    pro rata portion of the charge for that year.

(3) During the first two contract years this charge, if applicable, is
    equal to the lesser of $30 or 2% of your account value. Thereafter, if
    applicable, the charge is $30 for each contract year.

(4) We charge interest on loans under Rollover TSA contracts but also
    credit you interest on your loan reserve account. Our net loan interest
    charge is determined by the excess between the interest rate we charge
    over the interest rate we credit. See "Loans under Rollover TSA
    contracts" later in this Prospectus for more information on how the
    loan interest is calculated and for restrictions that may apply.


(5) "Total Annual Portfolio Operating Expenses" are based, in part, on
    estimated amounts for options added during the fiscal year 2006 and for
    the underlying portfolios.


(6) The management fees for each Portfolio cannot be increased without a
    vote of that Portfolio's shareholders. See footnote (10) for any
    expense limitation agreement information.

(7) Portfolio shares are all subject to fees imposed under the distribution
    plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule
    12b-1 under the Investment Company Act of 1940.



(8) Other expenses shown are those incurred in 2006. The amounts shown as
    "Other Expenses" will fluctuate from year to year depending on actual
    expenses. See footnote (10) for any expense limitation agreement
    information.


(9) Each of these variable investment options invests in a corresponding
    portfolio of one of the Trusts or other unaffiliated investment
    companies. Each portfolio, in turn, invests in shares of other
    portfolios of the Trusts and/or shares of unaffiliated portfolios ("the
    underlying portfolios"). Amounts shown reflect each portfolio's pro
    rata share of the fees and expenses of the underlying portfolios in
    which it invests. The fees and expenses are based on the respective
    weighted investment allocations as of 12/31/06. A "--" indicates that
    the listed portfolio does not invest in underlying portfolios.


(10) The amounts shown reflect any fee waivers and/or expense
    reimbursements that applied to each Portfolio. A"--" indicates that
    there is no expense limitation in effect. "0.00%" indicates that the
    expense limitation arrangement did not result in a fee waiver or
    reimbursement. AXA Equitable, the investment manager of AXA Premier VIP
    Trust and EQ Advisors Trust, has entered into expense limitation
    agreements with respect to certain Portfolios, which are effective
    through April 30, 2008. Under these agreements, AXA Equitable has
    agreed to waive or limit its fees and assume other expenses of certain
    Portfolios, if necessary, in an amount that limits each affected
    Portfolio's Total Annual Expenses (exclusive of interest, taxes,
    brokerage commissions, capitalized expenditures, expenses of the
    underlying portfolios in which the Portfolio invests and extraordinary
    expenses) to not more than specified amounts. Therefore, each Portfolio
    may at a later date make a reimbursement to AXA Equitable for any of
    the management fees waived or limited and other expenses assumed and
    paid by AXA Equitable pursuant to the expense limitation agreements
    provided that the Portfolio's current annual operating expenses do not
    exceed the operating expense limit determined for such Portfolio.
    Morgan Stanley Investment Management Inc., which does business in
    certain instances as "Van Kampen," is the manager of The Universal
    Institutional Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and
    has voluntarily agreed to reduce its management fee and/or reimburse
    the Portfolio so that total annual operating expenses of the Portfolio
    (exclusive of investment related expenses, such as foreign country tax
    expense and interest expense on amounts borrowed) are not more than
    specified amounts. Additionally, the distributor of The Universal
    Institutional Funds, Inc. has agreed to waive a portion of the 12b-1
    fee for Class II shares. Van Kampen and/or the fund's distributor
    reserves the right to terminate any waiver and/or reimbursement at any
    time without notice. See the prospectus for each applicable underlying
    Trust for more information about the arrangements. In addition, a
    portion of the brokerage commissions of certain Portfolios of AXA
    Premier VIP Trust and EQ Advisors Trust is used to reduce the
    applicable Portfolio's expenses. If the above table reflected both the
    expense limitation arrangements, plus the portion of the brokerage
    commissions used to reduce portfolio expenses, the net expenses would
    be as shown in the table below:

- ------------------------------------------------------------------
 Portfolio Name
- ------------------------------------------------------------------
   Multimanager Aggressive Equity                          1.03%
   Multimanager Health Care                                1.63%
   Multimanager International Equity                       1.52%
   Multimanager Large Cap Core Equity                      1.33%
   Multimanager Large Cap Growth                           1.33%
   Multimanager Large Cap Value                            1.31%
   Multimanager Mid Cap Growth                             1.52%
   Multimanager Mid Cap Value                              1.58%
   Multimanager Technology                                 1.64%
   EQ/AllianceBernstein Common Stock                       0.83%
   EQ/AllianceBernstein Growth and Income                  0.92%
   EQ/AllianceBernstein Large Cap Growth                   1.03%
   EQ/AllianceBernstein Small Cap Growth                   1.11%
   EQ/AllianceBernstein Value                              0.94%
   EQ/Ariel Appreciation II                                1.01%
   EQ/BlackRock Basic Value Equity                         0.93%
   EQ/Capital Guardian Growth                              0.94%
   EQ/Capital Guardian Research                            0.94%
   EQ/Capital Guardian U.S. Equity                         0.94%
   EQ/Davis New York Venture                               1.27%
   EQ/Evergreen Omega                                      1.05%
   EQ/FI Mid Cap                                           0.97%
   EQ/FI Mid Cap Value                                     1.09%
- ------------------------------------------------------------------



14 Fee table




- ------------------------------------------------------------------
 Portfolio Name
- ------------------------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions                      1.37%
   EQ/GAMCO Small Company Value                           1.16%
   EQ/Janus Large Cap Growth                              1.14%
   EQ/Legg Mason Value Equity                             0.97%
   EQ/Lord Abbett Growth and Income                       0.99%
   EQ/Lord Abbett Large Cap Core                          0.99%
   EQ/Marsico Focus                                       1.14%
   EQ/MFS Emerging Growth Companies                       1.03%
   EQ/MFS Investors Trust                                 0.94%
   EQ/Montag & Caldwell Growth                            1.13%
   EQ/Mutual Shares                                       1.30%
   EQ/Small Cap Value                                     1.02%
   EQ/UBS Growth and Income                               1.03%
   EQ/Van Kampen Comstock                                 0.99%
   EQ/Van Kampen Emerging Markets Equity                  1.75%
   EQ/Van Kampen Mid Cap Growth                           1.01%
   EQ/Wells Fargo Montgomery Small Cap                    1.20%
- ------------------------------------------------------------------


EXAMPLE

This example is intended to help you comp are the cost of investing in the
contract with the cost of investing in other variable annuity contracts.
These costs include contract owner transaction expenses, contract fees,
separate account annual expenses, and underlying trust fees and expenses
(including the underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the Greater of 6%
Roll-Up to age 85 or the Annual Ratchet to age 85 and the Earnings enhancement
benefit with either the Guaranteed minimum income benefit or the 125% Principal
guarantee benefit) would pay in the situations illustrated. Each value in the
expense example was calculated with the Guaranteed minimum income benefit
except for the AXA Moderate Allocation portfolio. The AXA Moderate Allocation
portfolio is calculated with either the Guaranteed minimum income benefit or
the 125% Principal guarantee benefit depending on which benefit yielded the
higher expenses. The example uses an average annual administrative charge based
on the charges paid in 2006, which results in an estimated administrative
charge of 0.008% of contract value.


The fixed maturity options, guaranteed interest option and the account for
special dollar cost averaging are not covered by the fee table and example.
However, the annual administrative charge, the withdrawal charge, the charge
for any optional benefits and the charge if you elect a Variable Immediate
Annuity payout option do apply to the fixed maturity options, guaranteed
interest option and the account for special dollar cost averaging. A market
value adjustment (up or down) may apply as a result of a withdrawal, transfer,
or surrender of amounts from a fixed maturity option.

The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance.

Although your actual costs may be higher or lower, based on these assumptions,
your costs would be:

                                                                    Fee table 15






- -----------------------------------------------------------------------------------------------------
                                               If you surrender your contract at the end of the
                                                              applicable time period
- -----------------------------------------------------------------------------------------------------
 Portfolio Name                                 1 year        3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------
                                                                               
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 1,300.00     $ 2,125.00     $ 2,585.00     $ 5,397.00
AXA Conservative Allocation                   $ 1,279.00     $ 2,064.00     $ 2,487.00     $ 5,223.00
AXA Conservative-Plus Allocation              $ 1,280.00     $ 2,067.00     $ 2,492.00     $ 5,232.00
AXA Moderate Allocation                       $ 1,295.00     $ 2,099.00     $ 2,520.00     $ 5,276.00
AXA Moderate-Plus Allocation                  $ 1,293.00     $ 2,104.00     $ 2,551.00     $ 5,337.00
Multimanager Aggressive Equity*               $ 1,259.00     $ 2,006.00     $ 2,394.00     $ 5,055.00
Multimanager Core Bond*                       $ 1,256.00     $ 1,997.00     $ 2,379.00     $ 5,028.00
Multimanager Health Care*                     $ 1,325.00     $ 2,198.00     $ 2,701.00     $ 5,602.00
Multimanager High Yield*                      $ 1,255.00     $ 1,994.00     $ 2,374.00     $ 5,019.00
Multimanager International Equity*            $ 1,309.00     $ 2,152.00     $ 2,628.00     $ 5,475.00
Multimanager Large Cap Core Equity*           $ 1,291.00     $ 2,098.00     $ 2,541.00     $ 5,320.00
Multimanager Large Cap Growth*                $ 1,293.00     $ 2,104.00     $ 2,551.00     $ 5,337.00
Multimanager Large Cap Value*                 $ 1,291.00     $ 2,098.00     $ 2,541.00     $ 5,320.00
Multimanager Mid Cap Growth*                  $ 1,313.00     $ 2,161.00     $ 2,643.00     $ 5,500.00
Multimanager Mid Cap Value*                   $ 1,316.00     $ 2,170.00     $ 2,657.00     $ 5,526.00
Multimanager Technology*                      $ 1,325.00     $ 2,198.00     $ 2,701.00     $ 5,602.00
- -----------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,238.00     $ 1,945.00     $ 2,295.00     $ 4,873.00
EQ/AllianceBernstein Growth and Income++      $ 1,246.00     $ 1,969.00     $ 2,334.00     $ 4,946.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 1,242.00     $ 1,957.00     $ 2,314.00     $ 4,910.00
EQ/AllianceBernstein International            $ 1,271.00     $ 2,040.00     $ 2,448.00     $ 5,153.00
EQ/AllianceBernstein Large Cap Growth         $ 1,281.00     $ 2,070.00     $ 2,497.00     $ 5,241.00
EQ/AllianceBernstein Quality Bond             $ 1,242.00     $ 1,957.00     $ 2,314.00     $ 4,910.00
EQ/AllianceBernstein Small Cap Growth         $ 1,266.00     $ 2,028.00     $ 2,428.00     $ 5,117.00
EQ/AllianceBernstein Value                    $ 1,252.00     $ 1,985.00     $ 2,359.00     $ 4,991.00
EQ/Ariel Appreciation II                      $ 1,307.00     $ 2,146.00     $ 2,619.00     $ 5,458.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 1,473.00     $ 2,617.00     $ 3,357.00     $ 6,698.00
EQ/BlackRock Basic Value Equity*              $ 1,248.00     $ 1,973.00     $ 2,339.00     $ 4,955.00
EQ/BlackRock International Value*             $ 1,283.00     $ 2,076.00     $ 2,507.00     $ 5,259.00
EQ/Boston Advisors Equity Income              $ 1,270.00     $ 2,037.00     $ 2,443.00     $ 5,144.00
EQ/Calvert Socially Responsible               $ 1,270.00     $ 2,037.00     $ 2,443.00     $ 5,144.00
EQ/Capital Guardian Growth                    $ 1,260.00     $ 2,009.00     $ 2,399.00     $ 5,063.00
EQ/Capital Guardian International+            $ 1,284.00     $ 2,079.00     $ 2,512.00     $ 5,267.00
EQ/Capital Guardian Research                  $ 1,257.00     $ 2,000.00     $ 2,384.00     $ 5,037.00
EQ/Capital Guardian U.S. Equity++             $ 1,257.00     $ 2,000.00     $ 2,384.00     $ 5,037.00
EQ/Caywood-Scholl High Yield Bond             $ 1,257.00     $ 2,000.00     $ 2,384.00     $ 5,037.00
EQ/Davis New York Venture                     $ 1,342.00     $ 2,246.00     $ 2,777.00     $ 5,735.00
EQ/Equity 500 Index                           $ 1,215.00     $ 1,877.00     $ 2,184.00     $ 4,669.00
EQ/Evergreen International Bond               $ 1,273.00     $ 2,046.00     $ 2,458.00     $ 5,170.00
EQ/Evergreen Omega                            $ 1,265.00     $ 2,025.00     $ 2,423.00     $ 5,108.00
- -----------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------
                                                         If you annuitize at the end of the
                                                    applicable time period and select a non-life
                                                      contingent period certain annuity option
                                                              with less than five years
- -----------------------------------------------------------------------------------------------------
 Portfolio Name                                   1 year      3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------
                                                                               
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                            N/A     $ 2,125.00     $ 2,585.00     $ 5,397.00
AXA Conservative Allocation                          N/A     $ 2,064.00     $ 2,487.00     $ 5,223.00
AXA Conservative-Plus Allocation                     N/A     $ 2,067.00     $ 2,492.00     $ 5,232.00
AXA Moderate Allocation                              N/A     $ 2,099.00     $ 2,520.00     $ 5,276.00
AXA Moderate-Plus Allocation                         N/A     $ 2,104.00     $ 2,551.00     $ 5,337.00
Multimanager Aggressive Equity*                      N/A     $ 2,006.00     $ 2,394.00     $ 5,055.00
Multimanager Core Bond*                              N/A     $ 1,997.00     $ 2,379.00     $ 5,028.00
Multimanager Health Care*                            N/A     $ 2,198.00     $ 2,701.00     $ 5,602.00
Multimanager High Yield*                             N/A     $ 1,994.00     $ 2,374.00     $ 5,019.00
Multimanager International Equity*                   N/A     $ 2,152.00     $ 2,628.00     $ 5,475.00
Multimanager Large Cap Core Equity*                  N/A     $ 2,098.00     $ 2,541.00     $ 5,320.00
Multimanager Large Cap Growth*                       N/A     $ 2,104.00     $ 2,551.00     $ 5,337.00
Multimanager Large Cap Value*                        N/A     $ 2,098.00     $ 2,541.00     $ 5,320.00
Multimanager Mid Cap Growth*                         N/A     $ 2,161.00     $ 2,643.00     $ 5,500.00
Multimanager Mid Cap Value*                          N/A     $ 2,170.00     $ 2,657.00     $ 5,526.00
Multimanager Technology*                             N/A     $ 2,198.00     $ 2,701.00     $ 5,602.00
- -----------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                    N/A     $ 1,945.00     $ 2,295.00     $ 4,873.00
EQ/AllianceBernstein Growth and Income++             N/A     $ 1,969.00     $ 2,334.00     $ 4,946.00
EQ/AllianceBernstein Intermediate Government
 Securities                                          N/A     $ 1,957.00     $ 2,314.00     $ 4,910.00
EQ/AllianceBernstein International                   N/A     $ 2,040.00     $ 2,448.00     $ 5,153.00
EQ/AllianceBernstein Large Cap Growth                N/A     $ 2,070.00     $ 2,497.00     $ 5,241.00
EQ/AllianceBernstein Quality Bond                    N/A     $ 1,957.00     $ 2,314.00     $ 4,910.00
EQ/AllianceBernstein Small Cap Growth                N/A     $ 2,028.00     $ 2,428.00     $ 5,117.00
EQ/AllianceBernstein Value                           N/A     $ 1,985.00     $ 2,359.00     $ 4,991.00
EQ/Ariel Appreciation II                             N/A     $ 2,146.00     $ 2,619.00     $ 5,458.00
EQ/AXA Rosenberg Value Long/Short Equity             N/A     $ 2,617.00     $ 3,357.00     $ 6,698.00
EQ/BlackRock Basic Value Equity*                     N/A     $ 1,973.00     $ 2,339.00     $ 4,955.00
EQ/BlackRock International Value*                    N/A     $ 2,076.00     $ 2,507.00     $ 5,259.00
EQ/Boston Advisors Equity Income                     N/A     $ 2,037.00     $ 2,443.00     $ 5,144.00
EQ/Calvert Socially Responsible                      N/A     $ 2,037.00     $ 2,443.00     $ 5,144.00
EQ/Capital Guardian Growth                           N/A     $ 2,009.00     $ 2,399.00     $ 5,063.00
EQ/Capital Guardian International+                   N/A     $ 2,079.00     $ 2,512.00     $ 5,267.00
EQ/Capital Guardian Research                         N/A     $ 2,000.00     $ 2,384.00     $ 5,037.00
EQ/Capital Guardian U.S. Equity++                    N/A     $ 2,000.00     $ 2,384.00     $ 5,037.00
EQ/Caywood-Scholl High Yield Bond                    N/A     $ 2,000.00     $ 2,384.00     $ 5,037.00
EQ/Davis New York Venture                            N/A     $ 2,246.00     $ 2,777.00     $ 5,735.00
EQ/Equity 500 Index                                  N/A     $ 1,877.00     $ 2,184.00     $ 4,669.00
EQ/Evergreen International Bond                      N/A     $ 2,046.00     $ 2,458.00     $ 5,170.00
EQ/Evergreen Omega                                   N/A     $ 2,025.00     $ 2,423.00     $ 5,108.00
- -----------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------
                                                    If you do not surrender your contract at
                                                      the end of the applicable time period
- -----------------------------------------------------------------------------------------------------
 Portfolio Name                                  1 year       3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------
                                                                               
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                       $ 500.00     $ 1,525.00     $ 2,585.00     $ 5,397.00
AXA Conservative Allocation                     $ 479.00     $ 1,464.00     $ 2,487.00     $ 5,223.00
AXA Conservative-Plus Allocation                $ 480.00     $ 1,467.00     $ 2,492.00     $ 5,232.00
AXA Moderate Allocation                         $ 495.00     $ 1,499.00     $ 2,520.00     $ 5,276.00
AXA Moderate-Plus Allocation                    $ 493.00     $ 1,504.00     $ 2,551.00     $ 5,337.00
Multimanager Aggressive Equity*                 $ 459.00     $ 1,406.00     $ 2,394.00     $ 5,055.00
Multimanager Core Bond*                         $ 456.00     $ 1,397.00     $ 2,379.00     $ 5,028.00
Multimanager Health Care*                       $ 525.00     $ 1,598.00     $ 2,701.00     $ 5,602.00
Multimanager High Yield*                        $ 455.00     $ 1,394.00     $ 2,374.00     $ 5,019.00
Multimanager International Equity*              $ 509.00     $ 1,552.00     $ 2,628.00     $ 5,475.00
Multimanager Large Cap Core Equity*             $ 491.00     $ 1,498.00     $ 2,541.00     $ 5,320.00
Multimanager Large Cap Growth*                  $ 493.00     $ 1,504.00     $ 2,551.00     $ 5,337.00
Multimanager Large Cap Value*                   $ 491.00     $ 1,498.00     $ 2,541.00     $ 5,320.00
Multimanager Mid Cap Growth*                    $ 513.00     $ 1,561.00     $ 2,643.00     $ 5,500.00
Multimanager Mid Cap Value*                     $ 516.00     $ 1,570.00     $ 2,657.00     $ 5,526.00
Multimanager Technology*                        $ 525.00     $ 1,598.00     $ 2,701.00     $ 5,602.00
- -----------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               $ 438.00     $ 1,345.00     $ 2,295.00     $ 4,873.00
EQ/AllianceBernstein Growth and Income++        $ 446.00     $ 1,369.00     $ 2,334.00     $ 4,946.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     $ 442.00     $ 1,357.00     $ 2,314.00     $ 4,910.00
EQ/AllianceBernstein International              $ 471.00     $ 1,440.00     $ 2,448.00     $ 5,153.00
EQ/AllianceBernstein Large Cap Growth           $ 481.00     $ 1,470.00     $ 2,497.00     $ 5,241.00
EQ/AllianceBernstein Quality Bond               $ 442.00     $ 1,357.00     $ 2,314.00     $ 4,910.00
EQ/AllianceBernstein Small Cap Growth           $ 466.00     $ 1,428.00     $ 2,428.00     $ 5,117.00
EQ/AllianceBernstein Value                      $ 452.00     $ 1,385.00     $ 2,359.00     $ 4,991.00
EQ/Ariel Appreciation II                        $ 507.00     $ 1,546.00     $ 2,619.00     $ 5,458.00
EQ/AXA Rosenberg Value Long/Short Equity        $ 673.00     $ 2,017.00     $ 3,357.00     $ 6,698.00
EQ/BlackRock Basic Value Equity*                $ 448.00     $ 1,373.00     $ 2,339.00     $ 4,955.00
EQ/BlackRock International Value*               $ 483.00     $ 1,476.00     $ 2,507.00     $ 5,259.00
EQ/Boston Advisors Equity Income                $ 470.00     $ 1,437.00     $ 2,443.00     $ 5,144.00
EQ/Calvert Socially Responsible                 $ 470.00     $ 1,437.00     $ 2,443.00     $ 5,144.00
EQ/Capital Guardian Growth                      $ 460.00     $ 1,409.00     $ 2,399.00     $ 5,063.00
EQ/Capital Guardian International+              $ 484.00     $ 1,479.00     $ 2,512.00     $ 5,267.00
EQ/Capital Guardian Research                    $ 457.00     $ 1,400.00     $ 2,384.00     $ 5,037.00
EQ/Capital Guardian U.S. Equity++               $ 457.00     $ 1,400.00     $ 2,384.00     $ 5,037.00
EQ/Caywood-Scholl High Yield Bond               $ 457.00     $ 1,400.00     $ 2,384.00     $ 5,037.00
EQ/Davis New York Venture                       $ 542.00     $ 1,646.00     $ 2,777.00     $ 5,735.00
EQ/Equity 500 Index                             $ 415.00     $ 1,277.00     $ 2,184.00     $ 4,669.00
EQ/Evergreen International Bond                 $ 473.00     $ 1,446.00     $ 2,458.00     $ 5,170.00
EQ/Evergreen Omega                              $ 465.00     $ 1,425.00     $ 2,423.00     $ 5,108.00
- -----------------------------------------------------------------------------------------------------



16 Fee table






- -----------------------------------------------------------------------------------------------------
                                              If you surrender your contract at the end of the
                                                              applicable time period
- -----------------------------------------------------------------------------------------------------
 Portfolio Name                                  1 year        3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------
                                                                               
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/FI Mid Cap                                  $ 1,262.00    $ 2,015.00     $ 2,409.00     $ 5,081.00
EQ/FI Mid Cap Value+                           $ 1,265.00    $ 2,025.00     $ 2,423.00     $ 5,108.00
EQ/Franklin Income                             $ 1,309.00    $ 2,152.00     $ 2,628.00     $ 5,475.00
EQ/Franklin Small Cap Value                    $ 1,480.00    $ 2,634.00     $ 3,384.00     $ 6,742.00
EQ/Franklin Templeton Founding Strategy**      $ 1,315.00    $ 2,167.00     $ 2,653.00     $ 5,517.00
EQ/GAMCO Mergers and Acquisitions              $ 1,304.00    $ 2,137.00     $ 2,604.00     $ 5,432.00
EQ/GAMCO Small Company Value                   $ 1,272.00    $ 2,043.00     $ 2,453.00     $ 5,162.00
EQ/International Growth                        $ 1,301.00    $ 2,128.00     $ 2,590.00     $ 5,406.00
EQ/Janus Large Cap Growth++                    $ 1,285.00    $ 2,082.00     $ 2,517.00     $ 5,276.00
EQ/JPMorgan Core Bond                          $ 1,237.00    $ 1,942.00     $ 2,290.00     $ 4,864.00
EQ/JPMorgan Value Opportunities                $ 1,255.00    $ 1,994.00     $ 2,374.00     $ 5,019.00
EQ/Legg Mason Value Equity                     $ 1,266.00    $ 2,028.00     $ 2,428.00     $ 5,117.00
EQ/Long Term Bond                              $ 1,236.00    $ 1,939.00     $ 2,285.00     $ 4,855.00
EQ/Lord Abbett Growth and Income               $ 1,271.00    $ 2,040.00     $ 2,448.00     $ 5,153.00
EQ/Lord Abbett Large Cap Core                  $ 1,286.00    $ 2,086.00     $ 2,521.00     $ 5,285.00
EQ/Lord Abbett Mid Cap Value                   $ 1,267.00    $ 2,031.00     $ 2,433.00     $ 5,126.00
EQ/Marsico Focus                               $ 1,278.00    $ 2,061.00     $ 2,482.00     $ 5,215.00
EQ/MFS Emerging Growth Companies+              $ 1,259.00    $ 2,006.00     $ 2,394.00     $ 5,055.00
EQ/MFS Investors Trust+                        $ 1,255.00    $ 1,994.00     $ 2,374.00     $ 5,019.00
EQ/Money Market                                $ 1,224.00    $ 1,905.00     $ 2,230.00     $ 4,753.00
EQ/Montag & Caldwell Growth                    $ 1,271.00    $ 2,040.00     $ 2,448.00     $ 5,153.00
EQ/Mutual Shares                               $ 1,322.00    $ 2,189.00     $ 2,686.00     $ 5,576.00
EQ/Oppenheimer Global                          $ 1,412.00    $ 2,446.00     $ 3,092.00     $ 6,268.00
EQ/Oppenheimer Main Street Opportunity         $ 1,430.00    $ 2,496.00     $ 3,170.00     $ 6,397.00
EQ/Oppenheimer Main Street Small Cap           $ 1,425.00    $ 2,481.00     $ 3,147.00     $ 6,359.00
EQ/PIMCO Real Return                           $ 1,252.00    $ 1,985.00     $ 2,359.00     $ 4,991.00
EQ/Short Duration Bond                         $ 1,235.00    $ 1,936.00     $ 2,280.00     $ 4,845.00
EQ/Small Cap Value+                            $ 1,267.00    $ 2,031.00     $ 2,433.00     $ 5,126.00
EQ/Small Company Growth+                       $ 1,298.00    $ 2,119.00     $ 2,575.00     $ 5,380.00
EQ/Small Company Index                         $ 1,219.00    $ 1,889.00     $ 2,204.00     $ 4,706.00
EQ/TCW Equity++                                $ 1,276.00    $ 2,055.00     $ 2,473.00     $ 5,197.00
EQ/Templeton Growth                            $ 1,342.00    $ 2,246.00     $ 2,777.00     $ 5,735.00
EQ/UBS Growth and Income                       $ 1,272.00    $ 2,043.00     $ 2,453.00     $ 5,162.00
EQ/Van Kampen Comstock                         $ 1,263.00    $ 2,018.00     $ 2,413.00     $ 5,090.00
EQ/Van Kampen Emerging Markets Equity          $ 1,335.00    $ 2,225.00     $ 2,744.00     $ 5,677.00
EQ/Van Kampen Mid Cap Growth                   $ 1,273.00    $ 2,046.00     $ 2,458.00     $ 5,170.00
EQ/Wells Fargo Montgomery Small Cap++          $ 1,307.00    $ 2,146.00     $ 2,619.00     $ 5,458.00
- -----------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- -----------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                 $ 1,292.00    $ 2,101.00     $ 2,546.00     $ 5,328.00
- -----------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------
                                                           If you annuitize at the end of the
                                                      applicable time period and select a non-life
                                                        contingent period certain annuity option
                                                                with less than five years
- ------------------------------------------------------------------------------------------------------
 Portfolio Name                                   1 year     3 years        5 years          10 years
- ------------------------------------------------------------------------------------------------------
                                                                               
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap                                        N/A     $ 2,015.00     $ 2,409.00      $ 5,081.00
EQ/FI Mid Cap Value+                                 N/A     $ 2,025.00     $ 2,423.00      $ 5,108.00
EQ/Franklin Income                                   N/A     $ 2,152.00     $ 2,628.00      $ 5,475.00
EQ/Franklin Small Cap Value                          N/A     $ 2,634.00     $ 3,384.00      $ 6,742.00
EQ/Franklin Templeton Founding Strategy**            N/A     $ 2,167.00     $ 2,653.00      $ 5,517.00
EQ/GAMCO Mergers and Acquisitions                    N/A     $ 2,137.00     $ 2,604.00      $ 5,432.00
EQ/GAMCO Small Company Value                         N/A     $ 2,043.00     $ 2,453.00      $ 5,162.00
EQ/International Growth                              N/A     $ 2,128.00     $ 2,590.00      $ 5,406.00
EQ/Janus Large Cap Growth++                          N/A     $ 2,082.00     $ 2,517.00      $ 5,276.00
EQ/JPMorgan Core Bond                                N/A     $ 1,942.00     $ 2,290.00      $ 4,864.00
EQ/JPMorgan Value Opportunities                      N/A     $ 1,994.00     $ 2,374.00      $ 5,019.00
EQ/Legg Mason Value Equity                           N/A     $ 2,028.00     $ 2,428.00      $ 5,117.00
EQ/Long Term Bond                                    N/A     $ 1,939.00     $ 2,285.00      $ 4,855.00
EQ/Lord Abbett Growth and Income                     N/A     $ 2,040.00     $ 2,448.00      $ 5,153.00
EQ/Lord Abbett Large Cap Core                        N/A     $ 2,086.00     $ 2,521.00      $ 5,285.00
EQ/Lord Abbett Mid Cap Value                         N/A     $ 2,031.00     $ 2,433.00      $ 5,126.00
EQ/Marsico Focus                                     N/A     $ 2,061.00     $ 2,482.00      $ 5,215.00
EQ/MFS Emerging Growth Companies+                    N/A     $ 2,006.00     $ 2,394.00      $ 5,055.00
EQ/MFS Investors Trust+                              N/A     $ 1,994.00     $ 2,374.00      $ 5,019.00
EQ/Money Market                                      N/A     $ 1,905.00     $ 2,230.00      $ 4,753.00
EQ/Montag & Caldwell Growth                          N/A     $ 2,040.00     $ 2,448.00      $ 5,153.00
EQ/Mutual Shares                                     N/A     $ 2,189.00     $ 2,686.00      $ 5,576.00
EQ/Oppenheimer Global                                N/A     $ 2,446.00     $ 3,092.00      $ 6,268.00
EQ/Oppenheimer Main Street Opportunity               N/A     $ 2,496.00     $ 3,170.00      $ 6,397.00
EQ/Oppenheimer Main Street Small Cap                 N/A     $ 2,481.00     $ 3,147.00      $ 6,359.00
EQ/PIMCO Real Return                                 N/A     $ 1,985.00     $ 2,359.00      $ 4,991.00
EQ/Short Duration Bond                               N/A     $ 1,936.00     $ 2,280.00      $ 4,845.00
EQ/Small Cap Value+                                  N/A     $ 2,031.00     $ 2,433.00      $ 5,126.00
EQ/Small Company Growth+                             N/A     $ 2,119.00     $ 2,575.00      $ 5,380.00
EQ/Small Company Index                               N/A     $ 1,889.00     $ 2,204.00      $ 4,706.00
EQ/TCW Equity++                                      N/A     $ 2,055.00     $ 2,473.00      $ 5,197.00
EQ/Templeton Growth                                  N/A     $ 2,246.00     $ 2,777.00      $ 5,735.00
EQ/UBS Growth and Income                             N/A     $ 2,043.00     $ 2,453.00      $ 5,162.00
EQ/Van Kampen Comstock                               N/A     $ 2,018.00     $ 2,413.00      $ 5,090.00
EQ/Van Kampen Emerging Markets Equity                N/A     $ 2,225.00     $ 2,744.00      $ 5,677.00
EQ/Van Kampen Mid Cap Growth                         N/A     $ 2,046.00     $ 2,458.00      $ 5,170.00
EQ/Wells Fargo Montgomery Small Cap++                N/A     $ 2,146.00     $ 2,619.00      $ 5,458.00
- ------------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                       N/A     $ 2,101.00     $ 2,546.00      $ 5,328.00
- ------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------
                                                     If you do not surrender your contract at the
                                                        end of the applicable time period
- ------------------------------------------------------------------------------------------------------
 Portfolio Name                                  1 year       3 years          5 years       10 years
- ------------------------------------------------------------------------------------------------------
                                                                               
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap                                   $ 462.00     $ 1,415.00     $ 2,409.00      $ 5,081.00
EQ/FI Mid Cap Value+                            $ 465.00     $ 1,425.00     $ 2,423.00      $ 5,108.00
EQ/Franklin Income                              $ 509.00     $ 1,552.00     $ 2,628.00      $ 5,475.00
EQ/Franklin Small Cap Value                     $ 680.00     $ 2,034.00     $ 3,384.00      $ 6,742.00
EQ/Franklin Templeton Founding Strategy**       $ 515.00     $ 1,567.00     $ 2,653.00      $ 5,517.00
EQ/GAMCO Mergers and Acquisitions               $ 504.00     $ 1,537.00     $ 2,604.00      $ 5,432.00
EQ/GAMCO Small Company Value                    $ 472.00     $ 1,443.00     $ 2,453.00      $ 5,162.00
EQ/International Growth                         $ 501.00     $ 1,528.00     $ 2,590.00      $ 5,406.00
EQ/Janus Large Cap Growth++                     $ 485.00     $ 1,482.00     $ 2,517.00      $ 5,276.00
EQ/JPMorgan Core Bond                           $ 437.00     $ 1,342.00     $ 2,290.00      $ 4,864.00
EQ/JPMorgan Value Opportunities                 $ 455.00     $ 1,394.00     $ 2,374.00      $ 5,019.00
EQ/Legg Mason Value Equity                      $ 466.00     $ 1,428.00     $ 2,428.00      $ 5,117.00
EQ/Long Term Bond                               $ 436.00     $ 1,339.00     $ 2,285.00      $ 4,855.00
EQ/Lord Abbett Growth and Income                $ 471.00     $ 1,440.00     $ 2,448.00      $ 5,153.00
EQ/Lord Abbett Large Cap Core                   $ 486.00     $ 1,486.00     $ 2,521.00      $ 5,285.00
EQ/Lord Abbett Mid Cap Value                    $ 467.00     $ 1,431.00     $ 2,433.00      $ 5,126.00
EQ/Marsico Focus                                $ 478.00     $ 1,461.00     $ 2,482.00      $ 5,215.00
EQ/MFS Emerging Growth Companies+               $ 459.00     $ 1,406.00     $ 2,394.00      $ 5,055.00
EQ/MFS Investors Trust+                         $ 455.00     $ 1,394.00     $ 2,374.00      $ 5,019.00
EQ/Money Market                                 $ 424.00     $ 1,305.00     $ 2,230.00      $ 4,753.00
EQ/Montag & Caldwell Growth                     $ 471.00     $ 1,440.00     $ 2,448.00      $ 5,153.00
EQ/Mutual Shares                                $ 522.00     $ 1,589.00     $ 2,686.00      $ 5,576.00
EQ/Oppenheimer Global                           $ 612.00     $ 1,846.00     $ 3,092.00      $ 6,268.00
EQ/Oppenheimer Main Street Opportunity          $ 630.00     $ 1,896.00     $ 3,170.00      $ 6,397.00
EQ/Oppenheimer Main Street Small Cap            $ 625.00     $ 1,881.00     $ 3,147.00      $ 6,359.00
EQ/PIMCO Real Return                            $ 452.00     $ 1,385.00     $ 2,359.00      $ 4,991.00
EQ/Short Duration Bond                          $ 435.00     $ 1,336.00     $ 2,280.00      $ 4,845.00
EQ/Small Cap Value+                             $ 467.00     $ 1,431.00     $ 2,433.00      $ 5,126.00
EQ/Small Company Growth+                        $ 498.00     $ 1,519.00     $ 2,575.00      $ 5,380.00
EQ/Small Company Index                          $ 419.00     $ 1,289.00     $ 2,204.00      $ 4,706.00
EQ/TCW Equity++                                 $ 476.00     $ 1,455.00     $ 2,473.00      $ 5,197.00
EQ/Templeton Growth                             $ 542.00     $ 1,646.00     $ 2,777.00      $ 5,735.00
EQ/UBS Growth and Income                        $ 472.00     $ 1,443.00     $ 2,453.00      $ 5,162.00
EQ/Van Kampen Comstock                          $ 463.00     $ 1,418.00     $ 2,413.00      $ 5,090.00
EQ/Van Kampen Emerging Markets Equity           $ 535.00     $ 1,625.00     $ 2,744.00      $ 5,677.00
EQ/Van Kampen Mid Cap Growth                    $ 473.00     $ 1,446.00     $ 2,458.00      $ 5,170.00
EQ/Wells Fargo Montgomery Small Cap++           $ 507.00     $ 1,546.00     $ 2,619.00      $ 5,458.00
- ------------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                  $ 492.00     $ 1,501.00     $ 2,546.00      $ 5,328.00
- ------------------------------------------------------------------------------------------------------




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.




                                                                    Fee table 17




+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


18 Fee table



CONDENSED FINANCIAL INFORMATION


Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


                                                                    Fee table 19



1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $10,000 for you
to purchase a contract. You may make additional contributions of: (i) at least
$500 each for NQ, QP and Rollover TSA contracts; (ii) $50 each for Rollover IRA
and Roth conversion IRA contracts; and (iii) $1,000 for Inherited IRA
contracts, subject to limitations noted below. The following table summarizes
our rules regarding contributions to your contract. In some states, our rules
may vary. Both the owner and the annuitant named in the contract must meet the
issue age requirements shown in the table and contributions are based on the
age of the older of the original owner and annuitant.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are age 81
and older at contract issue unless you elect GWBL). We may also refuse to
accept any contribution if the sum of all contributions under all AXA Equitable
annuity accumulation contracts with the same owner or annuitant would then
total more than $2,500,000. We may waive these contribution limitations based
on certain criteria, including benefits that have been elected, issue age, the
total amount of contributions, variable investment option allocations and
selling broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.


- --------------------------------------------------------------------------------
The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
"annuitant" is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.
- --------------------------------------------------------------------------------





- ------------------------------------------------------------------------------------------------------------------------------------
                Available for
                 owner and
                 annuitant       Minimum                                                    Limitations on
Contract type    issue ages      Contributions            Source of contributions           contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
NQ               0 through 85    o $10,000 (initial)      o After-tax money.                o No additional contributions
                                                                                              after attainment of age 87.*
                                 o $500 (additional)      o Paid to us by check or transfer
                                                            of contract value in a tax-
                                 o $100 monthly and $300    deferred exchange under
                                   quarterly under our      Section 1035 of the Internal
                                   automatic investment     Revenue Code.
                                   program (additional)

- ------------------------------------------------------------------------------------------------------------------------------------




20 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
                 Available for
                  owner and
                  annuitant       Minimum                                                   Limitations on
 Contract type    issue ages      Contributions        Source of contribution               contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
Rollover IRA      20 through 85   o $10,000 (initial)  o  Eligible rollover distributions   o  No rollover or direct transfer
                                                          from TSA contracts or other          contributions after attainment
                                  o $50 (additional)      403(b) arrangements, qualified       of age 87.*
                                                          plans, and governmental
                                                                                            o  Contributions after age 70-1/2
                                                                                               employer 457(b) plans.
                                                                                               must be net of required mini-
                                                       o  Rollovers from another tradi-        mum distributions.
                                                          tional individual retirement
                                                                                            o  Although we accept regular
                                                                                               arrangement. IRA contributions
                                                       o  Direct custodian-to-custodian        (limited to $4,000 for 2007 and
                                                          transfers from another tradi-        $5,000 for 2008), under the Rollover
                                                          tional individual retirement         IRA contracts, we intend that
                                                          arrangement.                         this contract be used primarily
                                                                                               for rollover and direct transfer
                                                       o  Regular IRA contributions.           contributions.

                                                       o  Additional "catch-up"             o  Additional catch-up contribu
                                                          contributions.                       tions of up to $1,000 per
                                                                                               calendar year where the owner
                                                                                               is at least age 50 but under
                                                                                               age 70-1/2 at any time during
                                                                                               the calendar year for which the
                                                                                               contribution is made.
- ------------------------------------------------------------------------------------------------------------------------------------
Roth Conversion   20 through 85   o $10,000 (initial)  o  Rollovers from another Roth       o  No additional rollover or direct
IRA                                                       IRA.                                 transfer contributions may be
                                  o $50 (additional)                                           made after attainment of age
                                                       o  Rollovers from a "designated         86, or if later, the first contract
                                                          Roth contribution account"           date anniversary.*
                                                          under a 401(k) plan or 403(b)
                                                          arrangement.                      o  Conversion rollovers after
                                                                                               age 70-1/2 must be net of
                                                       o  Conversion rollovers from a          required minimum distributions
                                                          traditional IRA.                     for the traditional IRA you are
                                                       o  Direct transfers from another        rolling over.
                                                          Roth IRA.
                                                                                            o  You cannot roll over funds from
                                                       o  Regular Roth IRA                     a traditional IRA if your
                                                          contributions.                       adjusted gross income is
                                                                                               $100,000 or more.
                                                       o  Additional "catch-up" contri-
                                                          butions.                          o  Although we accept regular
                                                                                               Roth IRA contributions (limited
                                                                                               to $4,000 for and 2007 and
                                                                                               $5,000 for 2008) under the
                                                                                               Roth IRA contracts, we intend
                                                                                               that this contract be used pri-
                                                                                               marily for rollover and direct
                                                                                               transfer contributions.
                                                                                               o Additional catch-up contribu-
                                                                                               tions of up to $1,000 per
                                                                                               calendar year where the owner
                                                                                               is at least age 50 at any time
                                                                                               during the calendar year for
                                                                                               which the contribution is made.
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 21






- ------------------------------------------------------------------------------------------------------------------------------------
                 Available for
                  owner and
                  annuitant       Minimum                                                   Limitations on
 Contract type    issue ages      Contributions        Source of contribution               contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
Inherited IRA     0 through 70    o $10,000 (initial)   o  Direct custodian-to-custodian     o  Any additional contributions
Beneficiary                                                transfers of your interest as a      must be from the same type of
Continuation Contract             o $1,000 (additional)    death beneficiary of the             IRA of the same deceased
(traditional IRA or                                        deceased owner's traditional         owner.
Roth IRA)                                                  individual retirement arrange-
                                                           ment or Roth IRA to an IRA of     o  Non-spousal beneficiary direct
                                                           the same type.                       rollovers from qualified plans,
                                                                                                403(b) arrangements and gov-
                                                                                                ernmental employer 457(b)
                                                                                                plans may be made to a tradi-
                                                                                                tional Inherited IRA contract
                                                                                                under specified circumstances.
- ------------------------------------------------------------------------------------------------------------------------------------
Rollover TSA     20 through 85    o $10,000 (initial)   o  Direct transfers of pre-tax       o  No additional rollover or direct
                                                           funds from another contract or       transfer contributions after
                                  o $500 (additional)      arrangement under Section            attainment of age 87.*
                                                           403(b) of the Internal Revenue
                                                           Code, complying with IRS          o  Rollover or direct transfer con-
                                                           Revenue Ruling 90-24.                tributions after age 70-1/2 must
                                                                                                be net of any required mini-
                                                        o  Eligible rollover distributions      mum distributions.
                                                           of pre-tax funds from other
                                                           403(b) plans.                     o  We do not accept employer-
                                                                                                remitted contributions.
                                                        o  Subsequent contributions may
                                                           also be rollovers from qualified
                                                           plans, governmental employer
                                                           457(b) plans and traditional
                                                           IRAs.

- ------------------------------------------------------------------------------------------------------------------------------------



22 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
                 Available for
                  owner and
                  annuitant       Minimum                                                   Limitations on
 Contract type    issue ages      Contributions        Source of contribution               contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
QP               20 through 75    o $10,000 (initial)  o  Only transfer contributions       o  A separate QP contract must be
                                                          from other investments within        established for each plan par-
                                  o $500 (additional)     an existing defined contribu-        ticipant.
                                                          tion qualified plan trust.
                                                                                            o  We do not accept regular
                                                       o  The plan must be qualified           ongoing payroll contributions
                                                          under Section 401(a) of the          or contributions directly from
                                                          Internal Revenue Code.               the employer.

                                                       o  For 401(k) plans, transferred     o  Only one additional transfer
                                                          contributions may not include        contribution may be made
                                                          any after-tax contributions,         during a contract year.
                                                          including designated Roth
                                                           contributions.                    o  No additional transfer contribu-
                                                                                                tions after participant's
                                                                                                attainment of age 76 or, if
                                                                                                later, the first contract date
                                                                                                anniversary.

                                                                                             o  Contributions after age 70-1/2
                                                                                                must be net of any required
                                                                                                minimum distributions.

                                                                                             o  We do not accept contribu-
                                                                                                tions from defined benefit
                                                                                                plans.

Please refer to Appendix II at the end of this Prospectus for a discussion of purchase considerations of
QP contracts.
- ------------------------------------------------------------------------------------------------------------------------------------



+    Additional contributions may not be permitted under certain conditions in
     your state. Please see Appendix VII later in the Prospectus to see if
     additional contributions are permitted in your state. If you are
     participating in a Principal guarantee benefit, contributions will only be
     permitted for the first six months after the contract is issued and no
     further contributions will be permitted for the life of the contract. For
     the Guaranteed withdrawal benefit for life option, additional contributions
     are not permitted after the later of: (i) the end of the first contract
     year, and (ii) the date you make your first withdrawal.

*    Please see Appendix VII later in this Prospectus for information on state
     variations.

See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.

                                               Contract features and benefits 23



OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general, we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary.


If you are purchasing this contract to fund a charitable remainder trust and
elect either the Guaranteed minimum income benefit ("GMIB") or the Guaranteed
withdrawal benefit for life ("GWBL"), or an enhanced death benefit, you should
strongly consider "split-funding": that is, the trust holds investments in
addition to this Accumulator(R) Elite(SM) contract. Charitable remainder trusts
are required to take specific distributions. The charitable remainder trust
annual withdrawal requirement may be equal to a percentage of the donated
amount or a percentage of the current value of the donated amount. If your
Accumulator(R) Elite(SM) contract is the only source for such distributions, the
payments you need to take may significantly reduce the value of those
guaranteed benefits. Such amount may be greater than the annual increase in the
GMIB, GWBL and/or the enhanced death benefit base and/or greater than the
Guaranteed annual withdrawal amount under GWBL. See the discussion of these
benefits later in this section.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. We do
not permit joint annuitants unless you elect the Guaranteed withdrawal benefit
for life on a Joint life basis and the contract is owned by a non-natural
owner. Under QP contracts, all benefits are based on the age of the annuitant.

HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealer.
Additional contributions may also be made under our automatic investment
program. These methods of payment, are discussed in detail in "More
information" later in this Prospectus.

- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain that
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?


You can choose from among the variable investment options, the guaranteed
interest option, the fixed maturity options and the account for special dollar
cost averaging. If you elect the Guaranteed withdrawal benefit for life or the
100% Principal guarantee benefit, your investment options will be limited to
the guaranteed interest option, the account for special dollar cost averaging
and the following variable investment options: the AXA Allocation portfolios
and the EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").

If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the AXA Moderate Allocation portfolio.


VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers. See "Inherited IRA beneficiary continuation
contract" later in this section for Inherited IRA owner and annuitant
requirements.

24  Contract features and benefits



PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Elite(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors may include fees and expenses; the timing of
stock purchases and sales; differences in fund cash flows; and specific
strategies employed by the portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust                                                                   Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                      o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                      o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a         o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.   o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,   o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                               o AllianceBernstein L.P.
 EQUITY(1)                                                                               o ClearBridge Advisors, LLC
                                                                                         o Legg Mason Capital Management, Inc.
                                                                                         o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital     o BlackRock Financial Management, Inc.
                              appreciation, consistent with a prudent level of risk.     o Pacific Investment Management Company
                                                                                           LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                               o A I M Capital Management, Inc.
                                                                                         o RCM Capital Management LLC
                                                                                         o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current         o Pacific Investment Management Company
                              income and capital appreciation.                             LLC
                                                                                         o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                               o AllianceBernstein L.P.
 EQUITY(5)                                                                               o JPMorgan Investment Management Inc.
                                                                                         o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25






- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Trust                                                                   Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
MULTIMANAGER LARGE CAP         Long-term growth of capital.                              o AllianceBernstein L.P.
 CORE EQUITY(6)                                                                          o Janus Capital Management LLC
                                                                                         o Thornburg Investment Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                              o RCM Capital Management LLC
 GROWTH(7)                                                                               o TCW Investment Management Company
                                                                                         o T. Rowe Price Associates, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                              o AllianceBernstein L.P.
 VALUE(8)                                                                                o Institutional Capital LLC
                                                                                         o MFS Investment Management
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                              o AllianceBernstein L.P.
 GROWTH(9)                                                                               o Franklin Advisers, Inc.
                                                                                         o Provident Investment Counsel, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                              o AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                               o TCW Investment Management Company
                                                                                         o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                              o Firsthand Capital Management, Inc.
                                                                                         o RCM Capital Management LLC
                                                                                         o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                        Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 MON STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                     o AllianceBernstein L.P.
 AND INCOME++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with      o AllianceBernstein L.P.
 MEDIATE GOVERNMENT            relative stability of principal.
 SECURITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 NATIONAL
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent with      o AllianceBernstein L.P.
 BOND                          moderate risk to capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                               o AllianceBernstein L.P.

- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                     o Ariel Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         Seeks to increase value through bull markets and bear     o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY             markets using strategies that are designed to limit
                               exposure to general equity market risk.
- ------------------------------------------------------------------------------------------------------------------------------------



26 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                        Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)             Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
EQ/BLACKROCK BASIC VALUE      Seeks capital appreciation and secondarily, income.        o  BlackRock Investment Management, LLC
 EQUITY(12)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term growth of    o  BlackRock Investment Management Interna-
 VALUE(13)                    income, accompanied by growth of capital.                     tional Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve an     o  Boston Advisors, LLC
 INCOME                       above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.                      o  Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                             o  Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.                         o  Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.                    o  Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.              o  Capital Guardian Trust Company
 RESEARCH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.              o  Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.                          o  Caywood-Scholl Capital Management
 YIELD BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.                         o  Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates     o  AllianceBernstein L.P.
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk level
                              consistent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.                   o  Evergreen Investment Management
 BOND                                                                                       Company, LLC
                                                                                         o  First International Fund Advisors (dba
                                                                                            "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.                            o  Evergreen Investment Management
                                                                                            Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.                         o  Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.                      o  Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects       o  Franklin Advisers, Inc.
                              for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.                              o  Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily       o  AXA Equitable
 FOUNDING STRATEGY(**)        seeks income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.                     o  GAMCO Asset Management Inc.
 ACQUISITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.                    o  GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.                     o  MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   Seeks long-term growth of capital.                         o  Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 27






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                        Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent with      o JPMorgan Investment Management Inc.
                               moderate risk to capital and maintenance of liquidity.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.                           o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                        o Legg Mason Capital Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation         o BlackRock Financial Management, Inc.
                               through investment in long-maturity debt obligations.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without         o Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with            o Lord, Abbett & Co. LLC
 CORE                          reasonable risk.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                     o Lord, Abbett & Co. LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                        o Marsico Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.                o MFS Investment Management
 COMPANIES+
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary        o MFS Investment Management
                               objective to seek reasonable current income. For
                               purposes of this Portfolio, the words "reasonable
                               current income" mean moderate income.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve  o The Dreyfus Corporation
                               its assets and maintain liquidity.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.                    o Montag & Caldwell, Inc.
 GROWTH
- -----------------------------------------------------------------------------------------------------------------------------------
 EQ/MUTUAL SHARES              Seeks capital appreciation, which may occasionally be     o Franklin Mutual Advisers, LLC
                               short-term, and secondarily, income.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.                               o OppenheimerFunds, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.                     o OppenheimerFunds, Inc.
 OPPORTUNITY
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.                               o OppenheimerFunds, Inc.
 SMALL CAP
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation    o Pacific Investment Management Company,
                               of real capital and prudent investment management.          LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of           o BlackRock Financial Management, Inc.
                               principal.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.                               o Lazard Asset Management LLC
                                                                                         o Franklin Advisory Services, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.                    o Bear Stearns Asset Management Inc.
                                                                                         o Eagle Asset Management, Inc.
                                                                                         o Wells Capital Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the     o AllianceBernstein L.P.
                               deduction of portfolio expenses) the total return of
                               the Russell 2000 Index.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.          o TCW Investment Management Company
- -----------------------------------------------------------------------------------------------------------------------------------



28 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                        Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                Objective                                               applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
EQ/TEMPLETON GROWTH              Seeks long-term capital growth.                         o  Templeton Global Advisors Limited

- ------------------------------------------------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return through capital           o  UBS Global Asset Management
                                 appreciation with income as a secondary                    (Americas) Inc.
                                 consideration.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.                              o  Morgan Stanley Investment
                                                                                            Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING           Seeks long-term capital appreciation.                   o  Morgan Stanley Investment
 MARKETS EQUITY                                                                             Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.                                         o  Morgan Stanley Investment
 GROWTH                                                                                     Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.                   o  Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional
Funds, Inc.
Portfolio Name                    Objective                                               Investment Manager
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income           o  Van Kampen (is the name under which Mor-
                                 and long-term capital appreciation by investing            gan Stanley Investment Management Inc.
                                 primarily in equity securities of companies in             does business in certain situations)
                                 the U.S. real estate industry, including real
                                 estate investment trusts.
- ------------------------------------------------------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.

- ---------------------------------------------------------
 FN              Portfolio Name until May 29, 2007
- ---------------------------------------------------------
  (1)            AXA Premier VIP Aggressive Equity
- ---------------------------------------------------------
  (2)            AXA Premier VIP Core Bond
- ---------------------------------------------------------
  (3)            AXA Premier VIP Health Care
- ---------------------------------------------------------
  (4)            AXA Premier VIP High Yield
- ---------------------------------------------------------
  (5)            AXA Premier VIP International Equity
- ---------------------------------------------------------
  (6)            AXA Premier VIP Large Cap Core Equity
- ---------------------------------------------------------
  (7)            AXA Premier VIP Large Cap Growth
- ---------------------------------------------------------
  (8)            AXA Premier VIP Large Cap Value
- ---------------------------------------------------------
  (9)            AXA Premier VIP Mid Cap Growth
- ---------------------------------------------------------
 (10)            AXA Premier VIP Mid Cap Value
- ---------------------------------------------------------
 (11)            AXA Premier VIP Technology
- ---------------------------------------------------------
 (12)            EQ/Mercury Basic Value Equity
- ---------------------------------------------------------
 (13)            EQ/Mercury International Value
- ---------------------------------------------------------

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the suplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.


You should consider the investment objectives, risks and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the Trusts
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may
call one of our customer service representatives at 1-800-789-7771.

                                               Contract features and benefits 29



GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges, and any optional benefit
charges. See Appendix VII later in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum
rate ranges from 1.00% to 3.00%. The data page for your contract shows the
lifetime minimum rate. Check with your financial professional as to which rate
applies in your state. The minimum yearly rate will never be less than the
lifetime minimum rate. The minimum yearly rate for 2007 is 3.00%. Current
interest rates will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfer from the guaranteed
interest option.

FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VII later in this Prospectus to see
if fixed maturity options are available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options range from one to ten years to maturity.
- --------------------------------------------------------------------------------

On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Elite(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed below in "Allocating
your contributions," would apply:

(a) transfer the maturity value into another available fixed maturity option,
    any of the variable investment options or the guaranteed interest option; or

(b) withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007 the next available maturity date was February 15, 2008. If no fixed
maturity options are available we will transfer your maturity value to the
EQ/Money Market Option.


MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a
fixed maturity option are used to purchase any annuity payment option prior to
the maturity date and may apply on payment of a death benefit. The market value
adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount
applied to an annuity payout option will reflect the application of any
applicable

30  Contract features and benefits



market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:

(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate we have in effect at that time for new fixed
     maturity options (adjusted to reflect a similar maturity date), and

(b)  the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.

ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

The account for special dollar cost averaging is part of our general account.
We pay interest at guaranteed rates in this account. We will credit interest to
the amounts that you have in the account for special dollar cost averaging
every day. We set the interest rates periodically, according to procedures that
we have. We reserve the right to change these procedures.

We guarantee to pay our current interest rate that is in effect on the date
that your contribution is allocated to this account. Your guaranteed interest
rate for the time period you select will be shown in your contract for an
initial contribution. The rate will never be less than the lifetime minimum
rate for the guaranteed interest option. See "Allocating your contributions"
below for rules and restrictions that apply to the special dollar cost
averaging program.

ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, Inc., he or she is acting as a broker-dealer registered
representative, and is not authorized to act as an investment advisor or to
manage the allocations under your contract. If your financial professional is a
registered representative with a broker-dealer other than AXA Advisors, you
should speak with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options, the guaranteed interest option (subject to restrictions in
certain states -- see Appendix VII later in this Prospectus for state
variations) and fixed maturity options. Allocations must be in whole
percentages and you may change your allocations at any time. No more than 25%
of any contribution may be allocated to the guaranteed interest option. The
total of your allocations into all available investment options must equal
100%. If an owner or annuitant is age 76-80, you may allocate contributions to
fixed maturity options with maturities of seven years or less. If an owner or
annuitant is age 81 or older, you may allocate contributions to fixed maturity
options with maturities of five years or less. Also, you may not allocate
amounts to fixed maturity options with maturity dates that are later than the
date annuity payments are to begin.

DOLLAR COST AVERAGING


We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options or the
guaranteed interest option.


- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

SPECIAL DOLLAR COST AVERAGING PROGRAM. Under the special dollar cost averaging
program, you may choose to allocate all or a portion of any eligible
contribution to the account for special dollar cost averaging. Contributions
into the account for special dollar cost averaging may not be transfers from
other investment options. Your initial allocation to any special dollar cost
averaging program time period must be at least $2,000 and any subsequent
contribution to that same time period must be at least $250. You may only have
one time period in effect at any time and once you select a time period, you
may not change it. In Pennsylvania, we refer to this program as "enhanced rate
dollar cost averaging."


You may have your account value transferred to any of the variable investment
options available under your contract. Only the permitted variable investment
options are available if you elect the Guaranteed withdrawal benefit for life
or the 100% Principal guarantee benefit. Only the AXA Moderate Allocation
portfolio is available if you elect the


                                              Contract features and benefits  31




125% Principal guarantee benefit. We will transfer amounts from the account for
special dollar cost averaging into the variable investment options over an
available time period that you select. We offer time periods of 3, 6 or 12
months during which you will receive an enhanced interest rate. We may also
offer other time periods. Your financial professional can provide information
on the time periods and interest rates currently available in your state, or
you may contact our processing office. If the special dollar cost averaging
program is selected at the time of application to purchase the Accumulator(R)
Elite(SM) contract, a 60 day rate lock will apply from the date of application.
Any contribution(s) received during this 60 day period will be credited with
the interest rate offered on the date of application for the remainder of the
time period selected at application. Any contribution(s) received after the 60
day rate lock period has ended will be credited with the then current interest
rate for the remainder of the time period selected at application.
Contribution(s) made to a special dollar cost averaging program selected after
the Accumulator(R) Elite(SM) contract has been issued will be credited with the
then current interest rate on the date the contribution is received by AXA
Equitable for the time period initially selected by you. Once the time period
you selected has run, you may then select another time period for future
contributions. At that time, you may also select a different allocation for
transfers to the variable investment options, or, if you wish, we will continue
to use the selection that you have previously made. Currently, your account
value will be transferred from the account for special dollar cost averaging
into the variable investment options on a monthly basis. We may offer this
program in the future with transfers on a different basis.


We will transfer all amounts out of the account for special dollar cost
averaging by the end of the chosen time period. The transfer date will be the
same day of the month as the contract date, but not later than the 28th day of
the month. For a special dollar cost averaging program selected after
application, the first transfer date and each subsequent transfer date for the
time period selected will be one month from the date the first contribution is
made into the special dollar cost averaging program, but not later than the
28th day of the month.

If you choose to allocate only a portion of an eligible contribution to the
account for special dollar cost averaging, the remaining balance of that
contribution will be allocated to the variable investment options, guaranteed
interest option or fixed maturity options according to your instructions.

The only transfers that will be made from the account for special dollar cost
averaging are your regularly scheduled transfers to the variable investment
options. No amounts may be transferred from the account for special dollar cost
averaging to the guaranteed interest option or the fixed maturity options. If
you request to transfer or withdraw any other amounts from the account for
special dollar averaging, we will transfer all of the value that you have
remaining in the account for special dollar cost averaging to the investment
options according to the allocation percentages for special dollar cost
averaging we have on file for you. You may ask us to cancel your participation
at any time.

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.

If you elect the Guaranteed withdrawal benefit for life, general dollar cost
averaging is not available.

INVESTMENT SIMPLIFIER

FIXED-DOLLAR OPTION. Under this option, you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.

In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. Unlike the account for special dollar cost averaging,
this option does not offer enhanced rates. Also, this option is subject to the
guaranteed interest option transfer limitations described under "Transferring
your account value" in "Transferring your money among investment options" later
in this Prospectus. While the program is running, any transfer that exceeds
those limitations will cause the program to end for that contract year. You
will be notified. You must send in a request form to resume the program in the
next or subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.

INTEREST SWEEP OPTION. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Prin-



cipal guarantee benefit. The transfer date will be the last business day of the
month. The amount we will transfer will be the interest credited to amounts you
have in the guaranteed interest option from the last business day of the prior
month to the last business day of the current month. You must have at least
$7,500 in the guaranteed interest option on the date we receive your election.
We will automatically cancel the interest sweep program if the amount in the
guaranteed interest option is less than $7,500 on the last day of the month for
two months in a row. For the interest sweep option, the first monthly transfer
will occur on the last business day of the month following the month that we
receive your election form at our processing office.

                      ----------------------------------

You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program you may participate in any of the dollar cost averaging
programs except general dollar cost averaging. You may only participate in one
dollar cost averaging program at a time. See "Transferring your money among
investment options" later in this Prospectus. Also, for information on how the
dollar cost averaging program you select may affect certain guaranteed benefits
see "Guaranteed minimum death benefit and Guaranteed minimum income benefit
base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states (see Appendix VII later in this
Prospectus for more information on state availability).


GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits, as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.


STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money" and
   the section entitled "Charges and expenses" later in this Prospectus. The
   amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.


The effective annual roll-up rate credited to this benefit base is:

o  6% with respect to the variable investment options (other than
   EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market, and
   EQ/Short Duration Bond) and the account for special dollar cost averaging;
   the effective annual rate may be 4% in some states. Please see Appendix VII
   later in this Prospectus to see what applies in your state; and

o  3% with respect to the EQ/AllianceBernstein Intermediate Government
   Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed maturity
   options, the guaranteed interest option and the loan reserve account under
   Rollover TSA (if applicable).


The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday. For
contracts with non-natural owners, the benefit base stops rolling up after the
contract date anniversary following the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your
benefit base is equal to the greater of either:


o  your initial contribution to the contract (plus any additional
   contributions), or

o  your highest account value of any contract date anniversary up to the
   contract date anniversary following the owner's (or older joint owner's, if
   applicable) 85th birthday plus any contributions made since the most recent
   Annual Ratchet,

                                      less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of the deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money"
   later in


                                              Contract features and benefits  33




    this Prospectus. The amount of any withdrawal charge is described under
    "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's age.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is
equal to the greater of the benefit base computed for the 6% Roll-Up to age 85
or the benefit base computed for the Annual Ratchet to age 85, as described
immediately above, on each contract date anniversary. For the Guaranteed
minimum income benefit, the benefit base is reduced by any applicable
withdrawal charge remaining when the option is exercised. For more information,
see "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

In Washington a different roll-up rate applies to the Greater of 6% Roll-Up to
age 85 or Annual Ratchet to age 85 enhanced death benefit. See Appendix VII
later in this Prospectus.

GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET.  If both the Guaranteed minimum income benefit AND the
Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death
benefit (the "Greater of enhanced death benefit") are elected, you may reset
the Roll-Up benefit base for these guaranteed benefits to equal the account
value on any contract date anniversary until age 75. The reset amount would
equal the account value as of the contract date anniversary on which you reset
your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.


We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
until the next contract date anniversary. If after your death your spouse
continues this contract, the benefit base will be eligible to be reset on each
contract date anniversary, if applicable. The last age at which the benefit
base is eligible to be reset is owner (or older joint owner, if applicable) age
75. For contracts with non-natural owners, reset eligibility is based on the
annuitant's age.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of the reset; you may not exercise until the tenth contract date
anniversary following the reset or, if later, the earliest date you would have
been permitted to exercise without regard to the reset. See "Exercise Rules"
under "Guaranteed minimum income benefit option" below for more information.
Please note that in almost all cases, resetting your Roll-Up benefit base will
lengthen the exercise waiting period. Also, even when there is no additional
charge when you reset your Roll-Up benefit base, the total dollar amount
charged on future contract date anniversaries may increase as a result of the
reset since the charges may be applied to a higher benefit base than would have
been otherwise applied. See "Charges and expenses" in the Prospectus.

If you are a traditional IRA, TSA or QP contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required minimum
distributions with respect to this contract. If you must begin taking lifetime
required minimum distributions during the 10-year waiting period, you may want
to consider taking the annual lifetime required minimum distribution calculated
for this contract from another traditional IRA, TSA or QP contract that you
maintain. If you withdraw the lifetime required minimum distribution from this
contract, and the required minimum distribution is more than 6% of the reset
benefit base, the withdrawal would cause a pro-rata reduction in the benefit
base. Alternatively, resetting the benefit base to a larger amount would make
it less likely that the required minimum distributions would exceed the 6%
threshold. See "Lifetime required minimum distribution withdrawals" and "How
withdrawals affect your Guaranteed minimum income benefit and Guaranteed
minimum death benefit" in "Accessing your money." Also, see "Required minimum
distributions" under "Individual retirement arrangements (IRAs)" and
"Tax-sheltered annuity contracts (TSAs)" in "Tax information" and Appendix II
- -- "Purchase considerations for QP Contracts", later in this Prospectus.

The Roll-Up benefit base for both the "Greater of" enhanced death benefit and
the Guaranteed minimum income benefit are reset simultaneously when you request
a Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


ANNUITY PURCHASE FACTORS


Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed in "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
in "Accessing your money" later in this Prospectus. Annuity purchase factors
are based on interest rates, mortality tables, frequency of payments, the form
of annuity benefit, and the owner's (and any joint owner's) age and sex in
certain instances. We may provide more favorable current annuity purchase
factors for the annuity payout options but we will always use the guaranteed
purchase factors to determine your periodic payments under the Guaranteed
minimum income benefit.


GUARANTEED MINIMUM INCOME BENEFIT OPTION

The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly
owned, the Guaranteed minimum income benefit will be calculated on the basis of
the older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.


If you are purchasing this contract as an inherited IRA, or if you elect a
Principal guarantee benefit, or the Guaranteed withdrawal benefit for life, the
Guaranteed minimum income benefit is not available. If you are using this
contract to fund a charitable remainder trust, you will have to take certain
distribution amounts. You should consider split--

34  Contract features and benefits




funding so that those distributions do not adversely impact your Guaranteed
minimum income benefit. See "Owner and annuitant requirements" earlier in this
section. If the owner was older than age 60 at the time an IRA, QP or Rollover
TSA contract was issued, the Guaranteed minimum income benefit may not be an
appropriate feature because the minimum distributions required by tax law
generally must begin before the Guaranteed minimum income benefit can be
exercised.


If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. You choose which of these payout options you want
and whether you want the option to be paid on a single or joint life basis at
the time you exercise your Guaranteed minimum income benefit. The maximum
period certain available under the life with a period certain payout option is
10 years. This period may be shorter, depending on the owner's age as follows:

- ------------------------------------------
                        Level payments
                        Period certain
                            years
                    ----------------------
    Owner's age at
      exercise         IRAs         NQ
- ------------------------------------------
   75 and younger       10          10
         76              9          10
         77              8          10
         78              7          10
         79              7          10
         80              7          10
         81              7           9
         82              7           8
         83              7           7
         84              6           6
         85              5           5
- ------------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
- --------------------------------------------------------------------------------


When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base, less any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit, you should consider the
fact that the it provides a form of insurance and is based on conservative
actuarial factors. Therefore, even if your account value is less than your
benefit base, you may generate more income by applying your account value to
current annuity purchase factors. We will make this comparison for you when the
need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE".  In general, if your
account value falls to zero (except as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year or in the first contract year, all contributions received in the
first 90 days), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o  You will be issued a supplementary contract based on a single life with a
   maximum 10 year period certain. Payments will be made annually starting one
   year from the date the account value fell to zero.

o  You will have 30 days from when we notify you to change the payout option
   and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o  If your account value falls to zero due to a withdrawal that causes your
   total contract year withdrawals to exceed 6% of the Roll-Up benefit base (as
   of the beginning of the contract year);

o  If your aggregate withdrawals during any contract year exceed 6% of the
   Roll-Up benefit base (as of the beginning of the contract year or in the
   first contract year, all contributions received in the first 90 days);

o  Upon owner (or older joint owner, if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to
terminate even if a withdrawal causes your total contract year withdrawals to
exceed 6% of your Roll-Up benefit base.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT.  Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the guaranteed minimum income
benefit amounts per $100,000 of initial

                                              Contract features and benefits  35




contribution, for a male owner age 60 (at issue) on the contract date
anniversaries indicated, who has elected the life annuity fixed payout option,
using the guaranteed annuity purchase factors as of the date of this
Prospectus, assuming no additional contributions, withdrawals or loans under
Rollover TSA contracts, and assuming there were no allocations to
EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option, the fixed maturity
options or the loan reserve account under rollover TSA contracts.


- --------------------------------------------------------
                             Guaranteed minimum income
      Contract date         benefit -- annual income
 anniversary at exercise        payable for life
- --------------------------------------------------------
         10                         $10,065
         15                         $15,266
- --------------------------------------------------------

EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us,
along with all required information within 30 days following your contract date
anniversary, in order to exercise this benefit. Upon exercise of the Guaranteed
minimum income benefit, the owner will become the annuitant, and the contract
will be annuitized on the basis of the owner's life. You will begin receiving
annual payments one year after the annuity payout contract is issued. If you
choose monthly or quarterly payments, you will receive your payment one month
or one quarter after the annuity payment contract is issued. You may choose to
take a withdrawal prior to exercising the Guaranteed minimum income benefit,
which will reduce your payments. You may not partially exercise this benefit.
See "Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death, or if later, the end of the period certain
(where the payout option chosen includes a period certain).

EXERCISE RULES. Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner, if applicable) age, as follows:

o  If you were at least age 20 and no older than age 44 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   15th contract date anniversary.

o  If you were at least age 45 and no older than age 49 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary after age 60.

o  If you were at least age 50 and no older than age 75 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   10th contract date anniversary.

Please note:

(i)    the latest date you may exercise the Guaranteed minimum income benefit is
       within 30 days following the contract date anniversary following the your
       85th birthday;

(ii)   if you were age 75 when the contract was issued, or the Roll-Up benefit
       base was reset, the only time you may exercise the Guaranteed minimum
       income benefit is within 30 days following the contract date anniversary
       following your attainment of age 85;

(iii)  for Accumulator(R) Elite(SM) QP contracts, the Plan participant can
       exercise the Guaranteed minimum income benefit only if he or she elects
       to take a distribution from the Plan and, in connection with this
       distribution, the Plan's trustee changes the ownership of the contract to
       the participant. This effects a rollover of the Accumulator(R) Elite(SM)
       QP contract into an Accumulator(R) Elite(SM) Rollover IRA. This process
       must be completed within the 30-day timeframe following the contract date
       anniversary in order for the Plan participant to be eligible to exercise.
       However, if the Guaranteed minimum income benefit is automatically
       exercised as a result of the no lapse guarantee, a rollover into an IRA
       will not be effected and payments will be made directly to the trustee;

(iv)   for Accumulator(R) Elite(SM) Rollover TSA contracts, you may exercise the
       Guaranteed minimum income benefit only if you effect a rollover of the
       TSA contract to an Accumulator(R) Elite(SM) Rollover IRA. This may only
       occur when you are eligible for a distribution from the TSA. This process
       must be completed within the 30-day timeframe following the contract date
       anniversary in order for you to be eligible to exercise;

(v)    if you reset the Roll-Up benefit base (as described earlier in this
       section), your new exercise date will be the tenth contract date
       anniversary following the reset or, if later, the earliest date you would
       have been permitted to exercise without regard to the reset. Please note
       that in almost all cases, resetting your Roll-Up benefit base will
       lengthen the waiting period;

(vi)   a spouse beneficiary or younger spouse joint owner under Spousal
       continuation may only continue the Guaranteed minimum income benefit if
       the contract is not past the last date on which the original owner could
       have exercised the benefit. In addition, the spouse beneficiary or
       younger spouse joint owner must be eligible to continue the benefit and
       to exercise the benefit under the applicable exercise rule (described in
       the above bullets) using the following additional rules. The spouse
       beneficiary or younger spouse joint owner's age on the date of the
       owner's death replaces the owner's age at issue for purposes of
       determining the availability of the benefit and which of the exercise
       rules applies. The original contract issue date will continue to apply
       for purposes of the exercise rules;

(vii)  if the contract is jointly owned, you can elect to have the Guaranteed
       minimum income benefit paid either: (a) as a joint life benefit or (b) as
       a single life benefit paid on the basis of the older owner's age; and

(viii) if the contract is owned by a trust or other non-natural person,

36  Contract features and benefits



       eligibility to elect or exercise the Guaranteed minimum income benefit is
       based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions, adjusted for any withdrawals (and any associated withdrawal
charges). The standard death benefit is the only death benefit available for
owners (or older joint owners, if applicable) ages 76 through 85 at issue. Once
your contract is issued, you may not change or voluntarily terminate your death
benefit.


If you elect one of the enhanced death benefits, the death benefit is equal to
your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, information and forms necessary to
effect payment, or your elected enhanced death benefit on the date of the
owner's (or older joint owner's, if applicable) death adjusted for any
subsequent withdrawals (and associated withdrawal charges), whichever provides
the higher amount. See "Payment of death benefit" later in this Prospectus for
more information.

Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.

If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. For
contracts with non-natural owners, the death benefit will be payable upon the
death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA AND ROLLOVER TSA CONTRACTS; 0 THROUGH 70
AT ISSUE OF INHERITED IRA CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF QP
CONTRACTS. FOR CONTRACTS WITH NON-NATURAL OWNERS, THE AVAILABLE DEATH BENEFITS
ARE BASED ON THE ANNUITANT'S AGE.

Subject to state availability (see Appendix VII later in this Prospectus for
state availability of these benefits), you may elect one of the following
enhanced death benefits:


o Annual Ratchet to age 85.

o The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

If you are using this contract to fund a charitable remainder trust, you will
have to take certain distribution amounts. You should consider split-funding so
that those distributions do not adversely impact your enhanced death benefit.
See "Owner and annuitant requirements" earlier in this section.

See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced death benefit.

Earnings enhancement benefit

Subject to state and contract availability (see Appendix VII later in this
Prospectus for state availability of these benefits), if you are purchasing a
contract, under which the Earnings enhancement benefit is available, you may
elect the Earnings enhancement benefit at the time you purchase your contract.
The Earnings enhancement benefit provides an additional death benefit as
described below. See the appropriate part of "Tax information" later in this
Prospectus for the potential tax consequences of electing to purchase the
Earnings enhancement benefit in an NQ, IRA or Rollover TSA contract. Once you
purchase the Earnings enhancement benefit, you may not voluntarily terminate
this feature. If you elect the Guaranteed withdrawal benefit for life, the
Earnings enhancement benefit is not available.

If you elect the Earnings enhancement benefit described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

                                              Contract features and benefits  37



If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

o  the account value or

o  any applicable death benefit

Decreased by:

o  total net contributions.


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions"
are reduced by the amount of that excess. Earnings enhancement benefit earnings
are equal to (a) minus (b) where (a) is the greater of the account value and
the death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals; and (ii) "Death benefit" is
equal to the greater of the account value as of the date we receive
satisfactory proof of death or any applicable Guaranteed minimum death benefit
as of the date of death.


If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o  the account value or

o  any applicable death benefit

Decreased by:

o  total net contributions.

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns
age 80, except that the benefit will be reduced for withdrawals on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
the current account value that is being withdrawn and we reduce the benefit by
that percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is
$40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 X .40)
and the benefit after the withdrawal would be $24,000 ($40,000 - $16,000).

For contracts with non-natural owners, your eligibility to elect the Earnings
enhancement benefit will be calculated based on the annuitant's age.

For an example of how the Earnings enhancement benefit death benefit is
calculated, please see Appendix VI.

For contracts continued under Spousal continuation, upon the death of the
spouse (or older spouse, in the case of jointly owned contracts), the account
value will be increased by the value of the Earnings enhancement benefit as of
the date we receive due proof of death. The benefit will then be based on the
age of the surviving spouse as of the date of the deceased spouse's death for
the remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later
in this Prospectus for more information.

The Earnings enhancement benefit must be elected when the contract is first
issued: neither the owner nor the successor owner/annuitant can add it
subsequently. Ask your financial professional or see Appendix VII later in this
Prospectus to see if this feature is available in your state.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit, the Earnings enhancement benefit or one of our
Principal guarantee benefits, described later in this Prospectus. You may elect
one of our automated payment plans or you may take partial withdrawals. All
withdrawals reduce your account value and Guaranteed minimum death benefit. See
"Accessing your money" later in this Prospectus. Your investment options will
be limited to the guaranteed interest option, the account for special dollar
cost averaging and the permitted variable investment options.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).

For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint Life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.

For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no longer married, you may
either: (i) drop the joint annuitant or (ii) replace the original joint
annuitant with the annuitant's new spouse. This can only be done before the
first withdrawal. After the first with-

38  Contract features and benefits



drawal, the joint annuitant may be dropped but cannot be replaced. If the joint
annuitant is dropped after withdrawals begin, the charge continues based on a
Joint life basis. Joint annuitants are not permitted under any other contracts.

Joint life QP and TSA contracts are not permitted. This benefit is not
available under an Inherited IRA contract. If you are using this contract to
fund a charitable remainder trust, you will have to take certain distribution
amounts. You should consider split-funding so that those distributions do not
adversely impact your guaranteed withdrawal benefit for life. See "Owner and
annuitant requirements" earlier in this section.

The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o  You plan to take withdrawals in excess of your Guaranteed annual withdrawal
   amount because those withdrawals may significantly reduce or eliminate the
   value of the benefit (see "Effect of Excess withdrawals" below in this
   section);

o  You are interested in long term accumulation rather than taking withdrawals;

o  You are using the contract to fund a Rollover TSA or QP contract where
   withdrawal restrictions will apply; or

o  You plan to use it for withdrawals prior to age 59-1/2, as the taxable amount
   of the withdrawal will be includible in income and subject to an additional
   10% federal income tax penalty, as discussed later in this Prospectus.

For traditional IRAs, TSA and QP contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.

GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o  Your GWBL benefit base increases by any subsequent contributions.


o  Your GWBL benefit base may be increased on each contract date anniversary, as
   described below under "Annual ratchet" and "5% deferral bonus."

o  Your GWBL benefit base is not reduced by withdrawals except those withdrawals
   that cause total withdrawals in a contract year to exceed your Guaranteed
   annual withdrawal amount ("Excess withdrawal"). See "Effect of Excess
   withdrawals" below in this section.

GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. For contracts held by non-natural owners, the initial Applicable
percentage is based on the annuitant's age or on the younger annuitant's age,
if applicable, at the time of the first withdrawal. If your GWBL benefit base
ratchets, as described below in this section under "Annual ratchet," on any
contract date anniversary after you begin taking withdrawals, your Applicable
percentage may increase based on your attained age at the time of the ratchet.
The Applicable percentages are as follows:


- -------------------------------------
 Age            Applicable percentage
- -------------------------------------
45-64           4.0%
65-74           5.0%
75-84           6.0%
85 and older    7.0%
- -------------------------------------

We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.

Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual withdrawal amount, but all withdrawals are counted toward
your free withdrawal amount. See "Withdrawal charge" in "Charges and expenses"
later in this Prospectus.

EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount. If you make an
Excess withdrawal, we will recalculate your GWBL benefit base and the
Guaranteed annual withdrawal amount, as follows:

o  The GWBL benefit base is reset as of the date of the Excess withdrawal to
   equal the lesser of: (i) the GWBL benefit base immediately prior to the
   Excess withdrawal and (ii) the account value immediately following the Excess
   withdrawal.

o  The Guaranteed annual withdrawal amount is recalculated to equal the
   Applicable percentage multiplied by the reset GWBL benefit base.

                                              Contract features and benefits  39



You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your
account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your GWBL benefit base is $100,000 and your account value
is $80,000 when you decide to begin taking withdrawals at age 65. Your
Guaranteed annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You
take an initial withdrawal of $8,000. Since your GWBL benefit base is
immediately reset to equal the lesser of your GWBL benefit base prior to the
Excess withdrawal ($100,000) and your account value immediately following the
Excess withdrawal ($80,000 minus $8,000), your GWBL benefit base is now
$72,000. In addition, your Guaranteed annual withdrawal amount is reduced to
$3,600 (5.0% of $72,000), instead of the original $5,000. See "How withdrawals
affect your GWBL and GWBL Guaranteed minimum death benefit" in "Accessing your
money" later in this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.


ANNUAL RATCHET

Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal amount will also be increased,
if applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.


5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.

SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.

GWBL GUARANTEED MINIMUM DEATH BENEFIT

There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-85, and (ii) the GWBL Enhanced death
benefit, which is available for an additional charge for owner issue ages
45-75. Please see Appendix VII later in this Prospectus to see if these
guaranteed death benefits are available in your state.

The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial
contribution and any additional contributions less a deduction that reflects
any withdrawals you make (see "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus).

The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:


o  Your GWBL Enhanced death benefit base increases by any subsequent
   contribution;


o  Your GWBL Enhanced death benefit base increases to equal your account value
   if your GWBL benefit base is ratcheted, as described above in this section;

o  Your GWBL Enhanced death benefit base increases by any 5% deferral bonus, as
   described above in this section;

40  Contract features and benefits



o  Your GWBL Enhanced death benefit base decreases by an amount which reflects
   any withdrawals you make.

See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death
benefit" in "Accessing your money" later in this Prospectus.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death adjusted for
any subsequent withdrawals (and associated withdrawal charges), whichever
provides a higher amount. For more information, see "Withdrawal charge" in
"Charges and expenses" later in the Prospectus.


EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO

If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.

However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  Your Accumulator(R) Elite(SM) contract terminates and you will receive a
   supplementary life annuity contract setting forth your continuing benefits.
   The owner of the Accumulator(R) Elite(SM) contract will be the owner and
   annuitant. The successor owner, if applicable, will be the joint annuitant.
   If the owner is non-natural, the annuitant and joint annuitant, if
   applicable, will be the same as under the your Accumulator(R) Elite(SM)
   contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.


o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual withdrawal amount for that contract year in a lump sum. Payment of the
   Guaranteed annual withdrawal amount will begin on the next contract date
   anniversary.


o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.

o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar for dollar basis
   as payments are made. If there is any remaining death benefit upon the death
   of the owner and successor owner, if applicable, we will pay it to the
   beneficiary.

o  The charge for the Guaranteed withdrawal benefit for life and the GWBL
   Enhanced death benefit will no longer apply.

o  If at the time of your death the Guaranteed annual withdrawal amount was
   being paid to you as a supplementary life annuity contract, your beneficiary
   may not elect the Beneficiary continuation option.

OTHER IMPORTANT CONSIDERATIONS


o  This benefit is not appropriate if you do not intend to take withdrawals
   prior to annuitization.


o  Amounts withdrawn in excess of your Guaranteed annual withdrawal amount may
   be subject to a withdrawal charge, if applicable, as described in "Charges
   and expenses" later in the Prospectus. In addition, all withdrawals count
   toward your free withdrawal amount for that contract year. Excess withdrawals
   can significantly reduce or completely eliminate the value of the GWBL and
   GWBL Enhanced death benefit. See "Effect of Excess withdrawals" above in this
   section and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
   death benefit" in "Accessing your money" later in this Prospectus.

o  Withdrawals are not considered as annuity payments for tax purposes, and may
   be subject to an additional 10% Federal income tax penalty before age 59-1/2.
   See "Tax information" later in this Prospectus.

o  All withdrawals reduce your account value and Guaranteed minimum death
   benefit. See "How withdrawals are taken from your account value" and "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing your
   money" later in this Prospectus.

o  If you withdraw less than the Guaranteed annual withdrawal amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   withdrawal amount in any subsequent year.

o  The GWBL benefit terminates if the contract is continued under the
   beneficiary continuation option or under the Spousal continuation feature if
   the spouse is not the successor owner.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual withdrawal amount, all benefits under
   the contract will terminate, including the GWBL benefit.


o  If you transfer ownership of this contract, you terminate the GWBL benefit.
   See "Transfers of ownership, collateral assignments, loans and borrowing" in
   "More information" later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer and this
   contract without purchasing a withdrawal benefit.

o  For IRA, QP and TSA contracts, if you have to take a required minimum
   distribution ("RMD") and it is your first withdrawal under the contract, the
   RMD will be considered your "first withdrawal" for the purposes of
   establishing your BWB Applicable percentage.


o  If you elect GWBL on a Joint life basis and subsequently get divorced, your
   divorce will not automatically terminate the contract.


                                              Contract features and benefits  41




    For both Joint life and Single life contracts, it is possible that the
   terms of your divorce decree could significantly reduce or completely
   eliminate the value of this benefit.


PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").

100% PRINCIPAL GUARANTEE BENEFIT.  The guaranteed amount under the 100%
Principal guarantee benefit is equal to your initial contribution and
additional permitted contributions, adjusted for withdrawals.


Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost
averaging and the permitted variable investment options.


125% PRINCIPAL GUARANTEE BENEFIT.  The guaranteed amount under the 125%
Principal guarantee benefit is equal to 125% of your initial contribution and
additional permitted contributions, adjusted for withdrawals.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option, the account for special dollar cost
averaging and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to
the allocation instructions for additional contributions we have on file. After
the benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to
the contract date anniversary following an owner's 85th birthday. If you elect
to reset the guaranteed amount, your benefit maturity date will be extended to
be the 10th contract date anniversary after the anniversary on which you reset
the guaranteed amount. This extension applies each time you reset the
guaranteed amount.


Neither PGB is available under Inherited IRA contracts. If you elect either
PGB, you may not elect the Guaranteed minimum income benefit, the Guaranteed
withdrawal benefit for life, the systematic withdrawals option or the
substantially equal withdrawals option. If you purchase a PGB, you may not make
additional contributions to your contract after six months from the contract
issue date. If you are using this contract to fund a charitable remainder
trust, you will have to take certain distribution amounts. You should consider
split-funding so that those distributions do not adversely impact your
Principal guarantee benefit. See "Owner and annuitant requirements" earlier in
this section.


If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will
terminate your PGB and the charge. See "Non-spousal joint owner contract
continuation" in "Payment of death benefit" later in this Prospectus. The PGB
will terminate upon the exercise of the beneficiary continuation option. See
"Payment of death benefit" later in this Prospectus for more information about
the continuation of the contract after the death of the owner and/or the
annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your
contract beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only)
are not permitted under either PGB.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT

This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to
the beneficiary after the deceased owner's death. See the discussion of
required minimum distributions under "Tax information." This contract is
intended only for beneficiaries who want to take payments at least annually
over their life expectancy. These payments generally must begin (or must have
begun) no later than December 31 of the calendar year following the year the
deceased owner died. This contract is not suitable for beneficiaries electing
the "5-year rule." See "Beneficiary continuation option for IRA and Roth IRA
contracts" under "Beneficiary continuation option" in "Payment of death
benefit" later

42  Contract features and benefits




in this Prospectus. You should discuss with your tax adviser your own personal
situation. This contract may not be available in all states. Please speak with
your financial professional for further information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with
only individual beneficiaries will be treated as individuals for this purpose).
The contract must also contain the name of the deceased owner. In this
discussion, "you" refers to the owner of the inherited IRA beneficiary
continuation contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o   You must receive payments at least annually (but can elect to receive
    payments monthly or quarterly). Payments are generally made over your life
    expectancy determined in the calendar year after the deceased owner's death
    and determined on a term certain basis.

o   You must receive payments from this contract even if you are receiving
    payments from another IRA of the deceased owner in an amount that would
    otherwise satisfy the amount required to be distributed from this contract.

o   The beneficiary of the original IRA will be the annuitant under the
    inherited IRA beneficiary continuation contract. In the case where the
    beneficiary is a "See Through Trust," the oldest beneficiary of the trust
    will be the annuitant.

o   An inherited IRA beneficiary continuation contract is not available for
    owners over age 70.

o   The initial contribution must be a direct transfer from the deceased owner's
    original IRA and is subject to minimum contribution amounts. See "How you
    can purchase and contribute to your contract" earlier in this section.


o   Subsequent contributions of at least $1,000 are permitted but must be direct
    transfers of your interest as a beneficiary from another IRA with a
    financial institution other than AXA Equitable, where the deceased owner is
    the same as under the original IRA contract. A non-spousal beneficiary under
    an Applicable Plan cannot make subsequent contributions to an Inherited
    traditional IRA contract.


o   You may make transfers among the investment options.


o   You may choose at any time to withdraw all or a portion of the account
    value. Any partial withdrawal must be at least $300. Withdrawal charges will
    apply as described in "Charges and expenses" later in this Prospectus.


o   The Guaranteed minimum income benefit, Spousal continuation, special dollar
    cost averaging program (if applicable), automatic investment program,
    Principal guarantee benefits, the Guaranteed withdrawal benefit for life and
    systematic withdrawals are not available under the Inherited IRA beneficiary
    continuation contract.

o   If you die, we will pay to a beneficiary that you choose the greater of the
    account value or the applicable death benefit.

o   Upon your death, your beneficiary has the option to continue taking required
    minimum distributions based on your remaining life expectancy or to receive
    any remaining interest in the contract in a lump sum. The option elected
    will be processed when we receive satisfactory proof of death, any required
    instructions for the method of payment and any required information and
    forms necessary to effect payment. If your beneficiary elects to continue to
    take distributions, we will increase the account value to equal the
    applicable death benefit if such death benefit is greater than such account
    value as of the date we receive satisfactory proof of death and any required
    instructions, information and forms. Thereafter, withdrawal charges (if
    applicable under your contract) will no longer apply. If you had elected any
    enhanced death benefits, they will no longer be in effect and charges for
    such benefits will stop. The Guaranteed minimum death benefit will also no
    longer be in effect.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix VII to find out what
applies in your state.


Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification of your decision to cancel the contract and will reflect (i) any
investment gain or loss in the variable investment options (less the daily
charges we deduct), (ii) any guaranteed interest in the guaranteed interest
option, (iii) any positive or negative market value adjustments in the fixed
maturity options through the date we receive your contract, and (iv) any
interest in the account for special dollar cost averaging through the date we
receive your contract. Some states require that we refund the full amount of
your contribution (not reflecting (i), (ii), (iii), or (iv) above). For any IRA
contract returned to us within seven days after you receive it, we are required
to refund the full amount of your contribution.


                                              Contract features and benefits  43



We may require that you wait six months before you may apply for a contract
with us again if:

o   you cancel your contract during the free look period; or

o   you change your mind before you receive your contract whether we have
    received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office, or your financial professional, can provide you with the
cancellation instructions.

44  Contract features and benefits



2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; (iv) the account for special dollar cost
averaging and (v) the loan reserve account (applicable to Rollover TSA
contracts only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge as well
as optional benefit charges; (ii) any applicable withdrawal charges and (iii)
the amount of any outstanding loan plus accrued interest (applicable to
Rollover TSA contracts only). Please see "Surrendering your contract to receive
its cash value" in "Accessing your money" later in this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS


Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:


(i)    mortality and expense;

(ii)   administrative expenses; and

(iii)  distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)    increased to reflect additional contributions;

(ii)   decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii)  increased to reflect a transfer into, or decreased to reflect a transfer
       out of, a variable investment option; or

(iv)   increased or decreased to reflect a transfer of your loan amount from or
       to the loan reserve account under a Rollover TSA contract.

In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct
the annual administrative charge. A description of how unit values are
calculated is found in the SAI.

YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.

YOUR CONTRACT'S VALUE IN THE ACCOUNT FOR SPECIAL DOLLAR COST AVERAGING

Your value in the account for special dollar cost averaging at any time will
equal your contribution allocated to that option, plus interest, less the sum
of all amounts that have been transferred to the variable investment options
you have selected.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.

See Appendix VII later in this Prospectus for any state variations with regard
to terminating your contract.

GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.

PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account
value is insufficient to pay charges, we will not terminate your contract if
you are participating in a PGB. Your contract will remain in force and we will
pay your guaranteed amount at the benefit maturity date.

                                           Determining your contract's value  45



GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to a GWBL Excess
withdrawal, we will terminate your contract and you will receive no payment or
supplementary life annuity contract, even if your GWBL benefit base is greater
than zero. If, however, your account value falls to zero, either due to a
withdrawal or surrender that is not a GWBL Excess withdrawal or due to a
deduction of charges, the benefit will still have value. See "Contract features
and benefits" earlier in this Prospectus.

46  Determining your contract's value



3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the investment options, subject to the
following:

o   You may not transfer any amount to the account for special dollar cost
    averaging.

o   You may not transfer to a fixed maturity option that has a rate to maturity
    of 3%.

o   If an owner or annuitant is age 76-80, you must limit your transfers to
    fixed maturity options with maturities of seven years or less. If an owner
    or annuitant is age 81 or older, you must limit your transfers to fixed
    maturity options of five years or less. Also, the maturity dates may be no
    later than the date annuity payments are to begin.

o   If you make transfers out of a fixed maturity option other than at its
    maturity date, the transfer may cause a market value adjustment.

o   A transfer into the guaranteed interest option will not be permitted if such
    transfer would result in more than 25% of the annuity account value being
    allocated to the guaranteed interest option, based on the annuity account
    value as of the previous business day.

In addition, we reserve the right to restrict transfers among variable
investment options including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a)  25% of the amount you have in the guaranteed interest option on the last
     day of the prior contract year; or,

(b)  the total of all amounts transferred at your request from the guaranteed
     interest option to any of the investment options in the prior contract
     year; or

(c)  25% of amounts transferred or allocated to the guaranteed interest option
     during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day that we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)  the contract number,

(2)  the dollar amounts or percentages of your current account value to be
     transferred, and

(3)  the investment options to and from which you are transferring. We will
     confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.

                            Transferring your money among investment options  47



We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows
you to rebalance your account value among the variable investment options.
Option II allows you to rebalance among the variable investment options and the
guaranteed interest option. Under both options, rebalancing is not available
for amounts you have allocated to the fixed maturity options.


In order to participate in one of our rebalancing programs, you must tell us:


(a)  the percentage you want invested in each investment option (whole
     percentages only), and

(b)  how often you want the rebalancing to occur (quarterly, semiannually, or
     annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer into or out of the guaranteed interest
option to initiate the rebalancing program will not

48  Transferring your money among investment options



be permitted if such transfer would violate these rules. If this occurs, the
rebalancing program will not go into effect.

You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.

If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.

                            Transferring your money among investment options  49



4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE
You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.

Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.




- --------------------------------------------------------------------------
                                   Method of withdrawal
- --------------------------------------------------------------------------
                                                                 Lifetime
                                              Pre-age 59-1/2     required
                                              Substantially     minimum
     Contract       Partial     Systematic        equal       distribution
- --------------------------------------------------------------------------
                                                  
NQ                   Yes           Yes             No             No
- --------------------------------------------------------------------------
Rollover IRA         Yes           Yes             Yes            Yes
- --------------------------------------------------------------------------
Roth
 Conversion
 IRA                 Yes           Yes             Yes            No
- --------------------------------------------------------------------------
Inherited IRA        Yes           No              No              *
- --------------------------------------------------------------------------
QP**                 Yes           No              No             Yes
- --------------------------------------------------------------------------
Rollover
 TSA***              Yes           Yes             No             Yes
- --------------------------------------------------------------------------




*    This contract  pays out  post-death  required  minimum  distributions.  See
     "Inherited IRA beneficiary continuation contract" in "Contract features and
     benefits" earlier in this Prospectus.

**   All payments are made to the trust as the owner of the contract.

***  For some Rollover TSA contracts, your ability to take withdrawals, loans or
     surrender  your  contract  may be  limited.  You  must  provide  withdrawal
     restriction  information when you apply for a contract.  See "Tax Sheltered
     Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.


AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.


MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.


If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.

CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with the Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). Under Rollover TSA contracts, if a loan is
outstanding, you may only take partial withdrawals as long as the cash value
remaining after any withdrawal equals at least 10% of the outstanding loan plus
accrued interest.

Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.


50  Accessing your money



SYSTEMATIC WITHDRAWALS

(All contracts except Inherited IRA and QP)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).

You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. Systematic withdrawals are not available if you have elected a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life.


SUBSTANTIALLY EQUAL WITHDRAWALS
(Rollover IRA and Roth Conversion IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Once you begin to take substantially equal withdrawals, you should
not stop them or change the pattern of your withdrawals until after the later
of age 59-1/2 or five full years after the first withdrawal. If you stop or
change the withdrawals or take a partial withdrawal, you may be liable for the
10% federal tax penalty that would have otherwise been due on prior withdrawals
made under this option and for any interest on the delayed payment of the
penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.


Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge.

The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.

LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, QP and Rollover TSA contracts only -- See "Tax information"
later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or Guaranteed minimum income benefit, amounts
withdrawn from the contract to meet RMDs will reduce the benefit base and may
limit the utility of the benefit. Also, the actuarial present value of
additional contract benefits must be added to the account value in calculating
required minimum distribution withdrawals from annuity contracts funding
qualified plans, TSAs and IRAs, which could increase the amount required to be
withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if,

                                                        Accessing your money  51




when added to a partial withdrawal previously taken in the same contract year,
the minimum distribution withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH GWBL. Generally, if you elect our Automatic RMD service, any
lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.


If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawals may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the
plan again at any time, but the scheduled payments will not resume until the
next contract date anniversary. Further, your GWBL benefit base and Guaranteed
annual withdrawal amount may be reduced. See "Effect of Excess Withdrawals" in
"Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT. The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6% of the Roll-Up benefit base (as of the beginning of
the contract year or in the first contract year, all contributions received
within the first 90 days).


Owners of tax-qualified contracts (IRA, TSA and QP) generally should not reset
the Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/Guaranteed minimum income benefit Roll-Up benefit base reset." in
"Contract features and benefits" earlier in this Prospectus.


HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and the guaranteed interest option, any additional amount of
the withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options in the order of the earliest maturity date(s)
first. If the FMO amounts are insufficient, we will deduct all or a portion of
the withdrawal from the account for special dollar cost averaging. A market
value adjustment will apply to withdrawals from the fixed maturity options.

HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 x .40) and your new benefit after the withdrawal would be
$24,000 ($40,000-$16,000).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For information on the calculation of
the charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% Roll-Up to age 85 benefit base on a dollar-for-dollar basis,
as long as the sum of withdrawals in a contract year is 6% or less of the 6%
Roll-Up benefit base on the contract issue date or the most recent contract
date anniversary, if later. For this purpose, in the first contract year, all
contributions received in the first 90 days after contract issue will be
considered to have been received on the first day of the contract year. In
subsequent contract years, additional contributions made during the contract
year do not affect the amount of withdrawals that can be taken on a dollar-for
dollar basis in that contract year. Once a withdrawal is taken that causes the
sum of withdrawals in a contract year to exceed 6% of the benefit base on the
most recent anniversary, that entire withdrawal (including RMDs) and any
subsequent withdrawals in that same contract year will reduce the benefit base
pro rata. Reduction on a dollar-for-dollar basis means that your 6% Roll-Up to
age 85 benefit base will be reduced by the dollar amount of the withdrawal for
each Guaranteed benefit. The Annual Ratchet to age 85 benefit base will always
be reduced on a pro rata basis.


HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT

Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the

52  Accessing your money



Guaranteed annual withdrawal amount. Withdrawals that exceed the Guaranteed
annual withdrawal amount, however, can significantly reduce your GWBL benefit
base and Guaranteed annual withdrawal amount. For more information, see "Effect
of Excess withdrawals" and "Other important considerations" under "Guaranteed
withdrawal benefit for life ("GWBL")" in "Contract features and benefits"
earlier in this Prospectus.


Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar for dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than
your account value (after the Excess withdrawal), we will further reduce your
GWBL Enhanced death benefit base to equal your account value.

For purposes of calculating your GWBL and GWBL Guaranteed minimum death benefit
amount, the amount of the excess withdrawal will include the withdrawal amount
paid to you and the amount of the withdrawal charge deducted from your account
value. For more information on calculation of the charge, see "Withdrawal
charge" later in the Prospectus.


WITHDRAWALS TREATED AS SURRENDERS


If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. In addition, we
have the right to pay the cash value and terminate this contract if no
contributions are made during the last three completed contract years, and the
account value is less than $500, or if you make a withdrawal that would result
in a cash value of less than $500. The rules in the preceding sentence do not
apply if the Guaranteed minimum income benefit no lapse guarantee is in effect
on your contract. See "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.


SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. We will not treat
a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life" in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you
may only take a loan with the written consent of your spouse. If you elect the
GWBL option or a PGB, loans are not permitted. Your contract contains further
details of the loan provision. If you elect the Guaranteed withdrawal for life
benefit, loans are not permitted. Please see Appendix VII later in this
Prospectus for any state restrictions you may be subject to if you take a loan
from a Rollover TSA contract. Also, see "Tax information" later in this
Prospectus for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of a loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan, including any
    accrued but unpaid loan interest will be deducted from the death benefit
    amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the "loan reserve account." Unless you specify
otherwise, we will subtract your loan on a pro rata basis from your value in
the variable investment options and the guaranteed interest option. If those
amounts are insufficient, any additional amount of the loan will be subtracted
from the fixed maturity options, in the order of the earliest maturity date(s)
first. A market value adjustment may apply. If such fixed maturity amounts are
insufficient, we will deduct all or a portion of the loan from the account for
special dollar cost averaging.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify oth-

                                                        Accessing your money  53



erwise, we will transfer the dollar amount of the loan repaid from the loan
reserve account to the investment options according to the allocation
percentages we have on our records.


The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts, with non-natural owners. while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable), if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6% of the Roll-Up benefit base (as of the beginning of the contract
year). For more information, please see "Insufficient account value" in
"Determining your contract value" and "Guaranteed withdrawal benefit for life"
in "Contract features and benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal charges) and, upon surrender, payment of the cash
value. We may postpone such payments or applying proceeds for any period during
which:

(1)   the New York Stock Exchange is closed or restricts trading,

(2)   sales of securities or determination of the fair value of a variable
      investment option's assets is not reasonably practicable because of an
      emergency, or

(3)   the SEC, by order, permits us to defer payment to protect people remaining
      in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option, fixed maturity options and the account for special dollar cost
averaging (other than for death benefits) for up to six months while you are
living. We also may defer payments for a reasonable amount of time (not to
exceed 10 days) while we are waiting for a contribution check to clear.


All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.


YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) provide for conversion to
payout status at or before the contract's "maturity date." This is called
annuitization. When your contract is annuitized, your Accumulator(R) Elite(SM)
contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Elite(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may
exercise your benefit in accordance with its terms.


Your Accumulator(R) Elite(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments, which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VII later in this
Prospectus for variations that may apply to your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus for further information.

54  Accessing your money



- -------------------------------------------------------------------------
Fixed annuity payout options           Life annuity
                                       Life annuity with period
                                         certain
                                       Life annuity with refund
                                         certain
                                       Period certain annuity
- -------------------------------------------------------------------------
Variable Immediate Annuity             Life annuity
   payout options                      Life annuity with period
                                         certain
- -------------------------------------------------------------------------
Income Manager(SM) payout options        Life annuity with period
   (available for owners and annu-       certain
   itants age 83 or less at contract   Period certain annuity
   issue)
- -------------------------------------------------------------------------

o   Life annuity: An annuity that guarantees payments for the rest of the
    annuitant's life. Payments end with the last monthly payment before the
    annuitant's death. Because there is no continuation of benefits following
    the annuitant's death with this payout option, it provides the highest
    monthly payment of any of the life annuity options, so long as the annuitant
    is living.

o   Life annuity with period certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the end of a
    selected period of time ("period certain"), payments continue to the
    beneficiary for the balance of the period certain. The period certain cannot
    extend beyond the annuitant's life expectancy. A life annuity with a period
    certain is the form of annuity under the contracts that you will receive if
    you do not elect a different payout option. In this case, the period certain
    will be based on the annuitant's age and will not exceed 10 years.

o   Life annuity with refund certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the amount
    applied to purchase the annuity option has been recovered, payments to the
    beneficiary will continue until that amount has been recovered. This payout
    option is available only as a fixed annuity.

o   Period certain annuity: An annuity that guarantees payments for a specific
    period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
    not exceed the annuitant's life expectancy. This option does not guarantee
    payments for the rest of the annuitant's life. It does not permit any
    repayment of the unpaid principal, so you cannot elect to receive part of
    the payments as a single sum payment with the rest paid in monthly annuity
    payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life and, after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.

INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your contract.

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) Elite(SM)
contract to an Income Manager(SM) payout annuity. In this case, we will consider
any amounts applied as a withdrawal from your Accumulator(R) Elite(SM), and we
will deduct any applicable withdrawal charge. For the tax consequences of
withdrawals, see "Tax information" later in this Prospectus.

The Income Manager(SM) payout options are not available in all states.


If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option, different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income Manager(SM) prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION

The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of

                                                        Accessing your money  55




your purchase as it relates to any withdrawal charges. If amounts in a fixed
maturity option are used to purchase any annuity payout option prior to the
maturity date, a market value adjustment will apply.


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under our contract is imposed if you select a
non-life contingent period certain payout annuity. If the period certain is
more than 5 years, then the withdrawal charge deducted will not exceed 5% of
the account value.


For the Income Manager(SM) life contingent payout options no withdrawal charge
is imposed under your contract. If the withdrawal charge that otherwise would
have been applied to your account value under your contract is greater than 2%
of the contributions that remain in your contract at the time you purchase your
payout option, the withdrawal charges under the Income Manager(SM) will apply.
The year in which your account value is applied to the payout option will be
"contract year 1."

SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.

You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) Elite(SM) contract date. Except with
respect to the Income Manager(SM) annuity payout options, where payments are
made on the 15th day of each month, you can change the date your annuity
payments are to begin anytime before that date as long as you do not choose a
date later than the 28th day of any month. Also, that date may not be later than
the annuity maturity date described below.


The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.

If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) payout option is chosen.

ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for
life," these payments will have the potential to increase with favorable
investment performance. Any remaining Guaranteed minimum death benefit value
will be transferred to the annuity payout contract as your "minimum death
benefit." If the enhanced death benefit had been elected, its value as of the
date the annuity payout contract is issued will become your minimum death
benefit, and it will no longer increase. The minimum death benefit will be
reduced dollar-for-dollar by each payment. If you die while there is any
minimum death benefit remaining, it will be paid to your beneficiary.


Please see Appendix VII later in this Prospectus for variations that may apply
in your state.

56  Accessing your money



5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o   A mortality and expense risks charge

o   An administrative charge

o   A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o   On each contract date anniversary -- an annual administrative charge, if
    applicable.

o   At the time you make certain withdrawals or surrender your contract -- a
    withdrawal charge.

o   On each contract date anniversary, a charge for each optional benefit you
    elect: a death benefit (other than the Standard and GWBL Standard death
    benefit); the Guaranteed minimum income benefit; the Guaranteed withdrawal
    benefit for life; and the Earnings enhancement benefit.

o   On any contract date anniversary on which you are participating in a PGB --
    a charge for a PGB.

o   At the time annuity payments are to begin -- charges designed to approximate
    certain taxes that may be imposed on us, such as premium taxes in your
    state. An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits and features. Please contact your financial
professional for more information.

SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard death benefit. The daily charge is
equivalent to an annual rate of 1.10% of the net assets in each variable
investment option.

The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.

Administrative charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.30% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.25%
of the net assets in each variable investment option.

ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (if available) in order of the earliest maturity date(s)
first. If such fixed maturity option amounts are

                                                        Charges and expenses  57




insufficient, we will deduct all or a portion of the charge from the account
for special dollar cost averaging. If the contract is surrendered or annuitized
or a death benefit is paid on a date other than a contract date anniversary, we
will deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceeds the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or to apply your cash value to a non-life contingent
annuity payout option. For more information about the withdrawal charge if you
select an annuity payout option, see "Your annuity payout options -- the amount
applied to purchase an annuity payout option" in "Accessing your money" earlier
in the Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn in any
of the first four years after we receive a contribution. We determine the
withdrawal charge separately for each contribution according to the following
table:

- -------------------------------------------------------------------------
                        Contract year
- -------------------------------------------------------------------------
                                    1     2     3     4      5
- -------------------------------------------------------------------------
     Percentage of contribution    8 %   7 %   6 %   5 %    0 %
- -------------------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1" and the withdrawal
charge is reduced or expires on each applicable contract date anniversary.
Amounts withdrawn up to the free withdrawal amount are not considered
withdrawals of any contribution. We also treat contributions that have been
invested the longest as being withdrawn first. We treat contributions as
withdrawn before earnings for purposes of calculating the withdrawal charge.
However, federal income tax rules treat earnings under your contract as
withdrawn first. See "Tax information" later in this Prospectus.


In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and withdrawal charge from your account
value. The amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.


The withdrawal charge does not apply in the circumstances described below.

10% free withdrawal amount. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase the 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.

For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract), and (2)
the 10% free withdrawal amount defined above.


Certain withdrawals. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced
death benefit, the withdrawal charge will be waived for any withdrawal that,
together with any prior withdrawals made during the contract year, does not
exceed 6% of the beginning of contract year 6% Roll-Up to age 85 benefit base,
even if such withdrawals exceed the free withdrawal amount. Also, a withdrawal
charge does not apply to a withdrawal that exceeds 6% of the beginning of
contract year 6% Roll-Up to age 85 benefit base as long as it does not exceed
the free withdrawal amount. If your withdrawal exceeds the amount described
above, this waiver is not applicable to that withdrawal, nor to any subsequent
withdrawal for the life of the contract.

If you elect the Guaranteed withdrawal benefit for life, we will waive any
withdrawal charge for any withdrawals during the contract year up to the
Guaranteed annual withdrawal amount, even if such withdrawals exceed the free
withdrawal amount. However, each withdrawal reduces the free withdrawal amount
for that contract year by the amount of the withdrawal. Also, a withdrawal
charge does not apply to a withdrawal that exceeds the Guaranteed annual
withdrawal amount as long as it does not exceed the free withdrawal amount.
Withdrawal charges, if applicable, are applied to the amount of the withdrawal
that exceeds both the free withdrawal amount and the Guaranteed annual
withdrawal amount.

Disability, terminal illness or confinement to nursing home. The withdrawal
charge also does not apply if:


(i)   An owner (or older joint owner, if applicable) has qualified to receive
      Social Security disability benefits as certified by the Social Security
      Administration; or

(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that an owner's (or older joint owner's, if applicable) life
      expectancy is six months or less; or

(iii) An owner (or older joint owner, if applicable) has been confined to a
      nursing home for more than 90 days (or such other period, as required in
      your state) as verified by a licensed physician. A nursing home for this
      purpose means one that is (a) approved by Medicare as a provider of
      skilled nursing care service, or (b)

58  Charges and expenses



    licensed as a skilled nursing home by the state or territory in which it
    is located (it must be within the United States, Puerto Rico, or U.S.
    Virgin Islands) and meets all of the following:

    -- its main function is to provide skilled, intermediate, or custodial
       nursing care;
    -- it provides continuous room and board to three or more persons;
    -- it is supervised by a registered nurse or licensed practical nurse;
    -- it keeps daily medical records of each patient;
    -- it controls and records all medications dispensed; and
    -- its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions as described in (i), (ii)
or (iii) above existed at the time a contribution was remitted or if the
condition began within 12 months of the period following remittance. Some
states may not permit us to waive the withdrawal charge in the above
circumstances, or may limit the circumstances for which the withdrawal charge
may be waived. Your financial professional can provide more information or you
may contact our processing office.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.65% of the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85
benefit base.


GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.


We will deduct this charge from your value in the variable investment options
(or, if applicable, the permitted variable investment options) and the
guaranteed interest option on a pro rata basis (see Appendix VII later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state). If those amounts are insufficient, we will deduct
all or a portion of the charge from the fixed maturity options (if applicable)
in the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If such fixed
maturity option amounts are still insufficient, we will deduct all or a portion
of the charge from the account for special dollar cost averaging. If the
contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of
the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.

PRINCIPAL GUARANTEE BENEFITS CHARGE


If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal to 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee
benefit. We will continue to deduct this charge until your benefit maturity
date. We will deduct this charge from your value in the permitted variable
investment options and the guaranteed interest option (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If such amounts are
insufficient, we will deduct all or a portion from the account for special
dollar cost averaging. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option, or the contract date anniversary after the owner (or older joint
owner, if applicable) reaches 85, whichever occurs first. The charge is equal
to 0.65% of the applicable benefit base in effect on the contract date
anniversary.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options in the
order of the earliest maturity date(s) first. A market value adjustment will
apply to deductions from the fixed maturity options. If such fixed maturity
option amounts are still insufficient, we will deduct all or a portion of the
charge from the account for special dollar cost averaging. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

                                                        Charges and expenses  59



EARNINGS ENHANCEMENT BENEFIT CHARGE


If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary for which it is in effect.
The charge is equal to 0.35% of the account value on each contract date
anniversary. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option on a pro rata basis. If
those amounts are insufficient, we will deduct all or a portion of the charge
from the fixed maturity options in the order of the earliest maturity date(s)
first. If such fixed maturity option amounts are insufficient, we will deduct
all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro
rata portion of the charge for that year. A market value adjustment will apply
to deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. We will
deduct this charge from your value in the permitted variable investment options
and the guaranteed interest option on a pro rata basis. (See Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state.) If those amounts are insufficient, we will
deduct all or a portion of the charge from the account for special dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro
rata portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the Single Life option is 0.75%. The maximum charge for the
Joint Life option is 0.90%. The increased charge, if any, will apply as of the
contract date anniversary on which your GWBL benefit base ratchets and on all
contract date anniversaries thereafter. We will permit you to opt out of the
ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time
to reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION
ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity payout option. This option may not be available at the time
you elect to annuitize or it may have a different charge.


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o   Management fees ranging from 0.05% to 1.40%.

o   12b-1 fees of either 0.25% or 0.35%.


o   Operating expenses, such as trustees' fees, independent public accounting
    firms' fees, legal counsel fees, administrative service fees, custodian fees
    and liability insurance.

o Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to the 12b-1
fee. Group arrangements include those in which a trustee or an employer, for
example, purchases contracts covering a group of individuals on a group basis.
Group arrangements are not available for Rollover IRA and Roth Conversion IRA
contracts. Sponsored arrangements include those in which an employer allows us
to sell contracts to its employees or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We also may establish different rates to maturity for the fixed maturity
options under different classes of contracts for group or sponsored
arrangements.

60  Charges and expenses



We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

                                                        Charges and expenses  61



6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In
a QP contract, the beneficiary must be the trustee. Where an NQ contract is
owned for the benefit of a minor pursuant to the Uniform Gift to Minors Act or
the Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit.
We determine the amount of the death benefit (other than the applicable
Guaranteed minimum death benefit) and any amount applicable under the Earnings
enhancement benefit, as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. The amount of the applicable Guaranteed
minimum death benefit will be such Guaranteed minimum death benefit as of the
date of the owner's (or older joint owner's, if applicable) death adjusted for
any subsequent withdrawals. For Rollover TSA contracts with outstanding loans,
we will reduce the amount of the death benefit by the amount of the outstanding
loan, including any accrued but unpaid interest on the date that the death
benefit payment is made.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.

EFFECT OF THE OWNER'S DEATH


In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death
of the annuitant. For Joint life contracts with GWBL, the death benefit is paid
to the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature or under our Beneficiary continuation option, as
discussed below. For contracts with non-spousal joint owners, the joint owner
will be able to continue the contract as a successor owner subject to the
limitations discussed below under "Non-spousal joint owner contract
continuation." If you are the sole owner and your spouse is the sole primary
beneficiary, your surviving spouse can continue the contract as a successor
owner as discussed below, under "Spousal continuation" or under our Beneficiary
continuation option, as discussed below.


If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require
payments of amounts under the contract to be made within five years of an
owner's death (the "5-year rule"). In certain cases, an individual beneficiary
or non-spousal surviving joint owner may opt to receive payments over his/her
life (or over a period not in excess of his/her life expectancy) if payments
commence within one year of the owner's death. Any such election must be made
in accordance with our rules at the time of death. If the beneficiary of a
contract with one owner or a younger non-spousal joint owner continues the
contract under the 5-year rule, in general, all guaranteed benefits and their
charges will end. If a PGB election is in effect upon your death with a benefit
maturity date of less than five years from the date of death, it will remain in
effect. For more information on non-spousal joint owner contract continuation,
see the section immediately below.

NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint

62  Payment of death benefit



owner within five years. The surviving owner may instead elect to receive a
life annuity, provided payments begin within one year of the deceased owner's
death. If the life annuity is elected, the contract and all benefits terminate.

If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to
five years; or (4) continue the contract under the Beneficiary continuation
option. If the contract continues, the Guaranteed minimum death benefit and
charge and the Guaranteed minimum income benefit and charge will then be
discontinued. Withdrawal charges will no longer apply, and no additional
contributions will be permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the Beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. Withdrawal charges will continue to apply and no additional
contributions will be permitted.

Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more
than five years from the date of death, we will terminate the benefit and the
charge.

SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your spouse, your spouse may elect to
continue the contract as successor owner upon your death. Spousal beneficiaries
(who are not also joint owners) must be 85 or younger as of the date of the
deceased spouse's death in order to continue the contract under Spousal
continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse
beneficiary (under a Single owner contract), may elect to receive the death
benefit or continue the contract, as follows:

o  As of the date we receive satisfactory proof of your death, any required
   instructions, information and forms necessary, we will increase the account
   value to equal the elected Guaranteed minimum death benefit as of the date of
   your death if such death benefit is greater than such account value, plus any
   amount applicable under the Earnings enhancement benefit, and adjusted for
   any subsequent withdrawals. The increase in the account value will be
   allocated to the investment options according to the allocation percentages
   we have on file for your contract.

o  In general, withdrawal charges will no longer apply to contributions made
   before your death. Withdrawal charges will apply if additional contributions
   are made.

o  The applicable Guaranteed minimum death benefit option may continue as
   follows:

   o  If the surviving spouse is age 75 or younger on the date of your death,
      and you were age 84 or younger at death, the Guaranteed minimum death
      benefit you elected continues and will continue to grow according to its
      terms until the contract date anniversary following the date the surviving
      spouse reaches age 85.

   o  If the surviving spouse is age 75 or younger on the date of your death,
      and you were age 85 or older at death, we will reinstate the Guaranteed
      minimum death benefit you elected. The benefit base (which had previously
      been frozen at age 85) will now continue to grow according to its terms
      until the contract date anniversary following the date the surviving
      spouse reaches age 85.

   o  If the surviving spouse is age 76 or over on the date of your death, the
      Guaranteed minimum death benefit and charge will be discontinued.

   o  If the Guaranteed minimum death benefit continues, the Guaranteed minimum
      death benefit/Guaranteed minimum income benefit roll up benefit base
      reset, if applicable, will be based on the surviving spouse's age at the
      time of your death. The next available reset will be based on the contract
      issue date or last reset, as applicable.

   o  For single owner contracts with the GWBL Enhanced death benefit, we will
      discontinue the benefit and charge. However, we will freeze the GWBL
      Enhanced death benefit base as of the date of your death (less subsequent
      withdrawals), and pay it upon your spouse's death.

o  The Earnings enhancement benefit will be based on the surviving spouse's age
   at the date of the deceased spouse's death for the remainder of the life of
   the contract. If the benefit had been previously frozen because the older
   spouse had attained age 80, it will be reinstated if the surviving spouse is
   age 75 or younger. The benefit is then frozen on the contract date
   anniversary after the surviving spouse reaches age 80. If the surviving
   spouse is age 76 or older, the benefit and charge will be discontinued.

o  If elected, PGB continues and is based on the same benefit maturity date and
   guaranteed amount that was guaranteed.

o  The Guaranteed minimum income benefit may continue if the benefit had not
   already terminated and the benefit will be based on the surviving spouse's
   age at the date of the deceased spouse's death. See "Guaranteed minimum
   income benefit" in "Contract features and benefits" earlier in this
   Prospectus.

o  If you elect the Guaranteed withdrawal benefit for life on a Joint life
   basis, the benefit and charge will remain in effect and no death benefit is
   payable until the death of the surviving spouse. Withdrawal charges will
   continue to apply to all contributions made prior to the deceased spouse's
   death. No additional contributions will be permitted. If you elect the
   Guaranteed withdrawal benefit for life on a Single life basis, the benefit
   and charge will terminate.

                                                    Payment of death benefit  63



o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o  The Guaranteed minimum death benefit and the Earnings enhancement benefit and
   the Guaranteed minimum income benefit continue to be based on the older
   spouse's age for the life of the contract.

o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant.

o  If a PGB had been elected, the benefit continues and is based on the same
   benefit maturity date and guaranteed amount.

o  If you elect the Guaranteed withdrawal benefit for life, the benefit and
   charge will remain in effect and no death benefit is payable until the death
   of the surviving spouse.

o  The withdrawal charge schedule remains in effect.

If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.

BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VII later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Earnings enhancement benefit, adjusted for any
subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  The beneficiary replaces the deceased owner as annuitant.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
   the GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum

64  Payment of death benefit



   distributions based on the remaining life expectancy of the deceased
   beneficiary or to receive any remaining interest in the contract in a lump
   sum. The option elected will be processed when we receive satisfactory
   proof of death, any required instructions for the method of payment and any
   required information and forms necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. For purposes of this discussion, "beneficiary" refers to
the successor owner. This feature must be elected within 9 months following the
date of your death and before any other inconsistent election is made.
Beneficiaries who do not make a timely election will not be eligible for this
option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o  This feature is only available if the beneficiary is an individual. It is not
   available for any entity such as a trust, even if all of the beneficiaries of
   the trust are individuals.

o  The beneficiary automatically replaces the existing annuitant.

o  The contract continues in your name for the benefit of your beneficiary.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the respective
   beneficiary's own life expectancy, if scheduled payments are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB or the Guaranteed withdrawal benefit for life
   or the GWBL Enhanced death benefit under the contract, they will no longer be
   in effect and charges for such benefits will stop. Also, any Guaranteed
   minimum death benefit feature will no longer be in effect.

o  If the beneficiary chooses the "5-year rule," withdrawals may be made at any
   time. If the beneficiary instead chooses scheduled payments, the beneficiary
   must also choose between two potential withdrawal options at the time of
   election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
   cannot later withdraw funds in addition to the scheduled payments the
   beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
   "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
   addition to scheduled payments, at any time. However, the scheduled payments
   under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
   payments." See "Taxation of nonqualified annuities" in "Tax Information"
   later in this Prospectus.

o  Any partial withdrawals must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract on the beneficiary's death.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking scheduled payments based on the
   remaining life expectancy of the deceased beneficiary (if scheduled payments
   were chosen) or to receive any remaining interest in the contract in a lump
   sum. We will pay any remaining interest in the contract in a lump sum if your
   beneficiary elects the 5-year rule. The option elected will be processed when
   we receive satisfactory proof of death, any required instructions for the
   method of payment and any required information and forms necessary to effect
   payment.

If the deceased is the owner or the older joint owner:

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the Beneficiary
   continuation option feature, we will increase the account value to equal the
   applicable death benefit if such death benefit is greater than such account
   value, plus any amount applicable under the Earnings enhancement benefit
   adjusted for any subsequent withdrawals.

o  No withdrawal charges will apply to any withdrawals by the beneficiary.

If the owner deceased is the younger non-spousal joint owner:

o  The annuity account value will not be reset to the death benefit amount.

o  The contract's withdrawal charge schedule will continue to be applied to any
   withdrawal or surrender other than scheduled payments; the contract's free
   withdrawal amount will continue to apply to withdrawals but does not apply to
   surrenders.

o  We do not impose a withdrawal charge on scheduled payments except if, when
   added to any withdrawals previously taken in the same contract year,
   including for this purpose a contract surrender, the total amount of
   withdrawals and scheduled payments exceed the free withdrawal amount. See the
   "Withdrawal charges" in "Charges and expenses" earlier in this Prospectus.

                                                    Payment of death benefit  65



7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Elite(SM) contracts owned by United
States individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth Conversion IRA, QP or TSA.
Therefore, we discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.


We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.

BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code Section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator(R) Elite(SM)'s Guaranteed minimum
income benefit, the Guaranteed withdrawal benefit for life, dollar cost
averaging, choice of death benefits, selection of variable investment options,
guaranteed interest option, fixed maturity options and its choices of payout
options, as well as the features and benefits of other permissible funding
vehicles and the relative costs of annuities and other arrangements. You should
be aware that cost may vary depending on the features and benefits made
available and the charges and expenses of the investment options or funds that
you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract. See also Appendix II at the end of this Prospectus for a discussion
of QP contracts.

TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust, or other non-natural person). This provision does not apply to a trust
   which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

66  Tax information



TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED WITHDRAWAL BENEFIT FOR
LIFE

We treat Guaranteed annual withdrawals and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are taxable to you as
ordinary income if there are earnings in the contract. Generally, earnings are
your account value less your investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable. If you withdraw an amount which
is more than the earnings in the contract as of the date of the withdrawal, the
balance of the distribution is treated as a return of your investment in the
contract and is not taxable. It reduces the investment in the contract.

ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.

EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which should have no adverse tax effect, it is possible that the IRS could take
a contrary position or assert that the Earnings enhancement benefit rider is
not part of the contract. In such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could be taxable, and for contract owners under age 59-1/2, also subject to a
tax penalty. Were the IRS to take this position, AXA Equitable would take all
reasonable steps to attempt to avoid this result, which could include amending
the contract (with appropriate notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  the contract that is the source of the funds you are using to purchase the NQ
   contract is another nonqualified deferred annuity contract (or life insurance
   or endowment contract).

o  The owner and the annuitant are the same under the source contract and the
   Accumulator(R) Elite(SM) NQ contract. If you are using a life insurance or
   endowment contract the owner and the insured must be the same on both sides
   of the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Elite(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between carriers, and provision of cost basis information may be required to
process this type of an exchange.


Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER
YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


Beneficiary continuation option

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ Contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

o  scheduled payments under the beneficiary continuation option for NQ contracts
   satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
   of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
   2;"

                                                             Tax information  67



o  scheduled payments, any additional withdrawals under "Withdrawal Option 2,"
   or contract surrenders under "Withdrawal Option 1" will only be taxable to
   the beneficiary when amounts are actually paid, regardless of the Withdrawal
   Option selected by the beneficiary;

o  a beneficiary who irrevocably elects scheduled payments with "Withdrawal
   Option 1" will receive "excludable amount" tax treatment on scheduled
   payments. See "Annuity payments" earlier in this section. If the beneficiary
   elects to surrender the contract before all scheduled payments are paid, the
   amount received upon surrender is a non-annuity payment taxable to the extent
   it exceeds any remaining investment in the contract.

The ruling does not specifically address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).

The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o  on or after your death; or

o   because you are disabled (special federal income tax definition); or


o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas. We do not anticipate that
   Guaranteed annual withdrawals made under the Guaranteed withdrawal benefit
   for life's Maximum or Customized payment plan or taken as partial withdrawals
   will qualify for this exception if made before age 59-1/2.


INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets for the benefit of the IRA owner. The assets funding the account
typically include mutual funds and/or individual stocks and/or securities in a
custodial account and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code.

68  Tax information



You may purchase the contract as a traditional IRA ("Rollover IRA") or Roth IRA
("Roth Conversion IRA"). We also offer the Inherited IRA for payment of
post-death required minimum distributions from traditional IRAs and Roth IRAs.
This Prospectus contains the information that the IRS requires you to have
before you purchase an IRA. The first section covers some of the special tax
rules that apply to traditional IRAs. The next section covers Roth IRAs. The
disclosure generally assumes direct ownership of the individual retirement
annuity contract. For contracts owned in a custodial individual retirement
account, the disclosure will apply only if you terminate your account or
transfer ownership of the contract to yourself.

We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).


AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of the Accumulator(R) Elite(SM) traditional and Roth IRA
contracts for use as a traditional and Roth IRA, respectively. It is not clear
whether and when any such approval may be received. We have in the past
received IRS opinion letters approving the respective forms of similar
traditional IRA and Roth IRA endorsements for use as a traditional and Roth
IRA, respectively. This IRS approval is a determination only as to the form of
the annuity. It does not represent a determination of the merits of the annuity
as an investment. The contracts submitted for IRS approval do not include every
feature possibly available under the Accumulator(R) Elite(SM) traditional and
Roth IRA contracts.


AXA Equitable has also submitted the respective forms of the Accumulator(R)
Elite(SM) Inherited IRA beneficiary continuation contract to the IRS for
approval as to form for use as a traditional IRA or Roth IRA, respectively. We
do not know if and when any such approval may be granted.

EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) Elite(SM) traditional and Roth IRA contracts. You should
discuss with your tax adviser whether you should consider purchasing an
Accumulator(R) Elite(SM) IRA or Accumulator(R) Elite(SM) Roth IRA with the
optional Earnings enhancement benefit.

Your right to cancel within a certain number of days

You can cancel any version of the Accumulator(R) Elite(SM) IRA contract
(traditional IRA or ROTH IRA) by following the directions in "Your right to
cancel with in a certain number of days" under "Contract features and benefits"
earlier in this Prospectus. If you cancel a traditional IRA or ROTH IRA
contract, we may have to withhold tax, and we must report the transaction to
the IRS. A contract cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)

Contributions to traditional IRAs.  Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:

o  "regular" contributions out of earned income or compensation; or

o   tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers")

Regular contributions to traditional IRAs

Limits on contributions.  The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses.  If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. Catch-up contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.

Deductibility of contributions.  The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored

                                                             Tax information  69




retirement plan, as defined under special federal income tax rules. Your Form
W-2 will indicate whether or not you are covered by such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions." That is, for 2007 your fully deductible contribution
can be up to $4,000 ($5,000 for 2008), or if less, your earned income. The
dollar limit is $5,000 for people eligible to make age 50-70-1/2 catch-up
contributions for 2007 and ($6,000 for 2008).

If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)


To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

    ($10,000-excess AGI)     times    the maximum     Equals   the adjusted
    -------------------       x        regular          =       deductible
    divided by $10,000              contribution               contribution
                                    for the year                  limit


Additional "Saver's Credit" for contributions to a traditional
IRA or Roth IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax
return, and your adjusted gross income cannot exceed $50,000 ($52,000 after
cost of living indexing beginning in 2007). The amount of the tax credit you
can get varies from 10% of your contribution to 50% of your contribution, and
depends on your income tax filing status and your adjusted gross income. The
maximum annual contribution eligible for the saver's credit is $2,000. If you
and your spouse file a joint return, and each of you qualifies, each is
eligible for a maximum annual contribution of $2,000. Your saver's credit may
also be reduced if you take or have taken a taxable distribution from any plan
eligible for a saver's credit contribution -- even if you make a contribution
to one plan and take the distribution from another plan -- during the "testing
period." The "testing period" begins two years before the year for which you
make the contribution and ends when your tax return is due for the year for
which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you

70  Tax information



must file the required information with the IRS. Moreover, if you are making
nondeductible traditional IRA contributions, you must retain all income tax
returns and records pertaining to such contributions until interests in all
traditional IRAs are fully distributed.

When you can make regular contributions.  If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custo dial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs

Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.

There are two ways to do rollovers:

o    Do it yourself:
     You actually receive a distribution that can be rolled over and you roll
     it over to a traditional IRA within 60 days after the date you receive the
     funds. The distribution from your eligible retirement plan will be net of
     20% mandatory federal income tax withholding. If you want, you can replace
     the withheld funds yourself and roll over the full amount.

o    Direct rollover:
     You tell the trustee or custodian of the eligible retirement plan to send
     the distribution directly to your traditional IRA issuer. Direct rollovers
     are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o    "required minimum distributions" after age 70-1/2 or retirement
     from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    death benefit payments to a beneficiary who is not your surviving
     spouse; or

o    qualified domestic relations order distributions to a beneficiary
     who is not your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement
plans other than traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS

The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court ordered divorce or separation decree.

                                                             Tax information  71



Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o  regular contributions of more than the maximum regular contri bution amount
   for the applicable taxable year); or

o  regular contributions to a traditional IRA made after you reach age 70-1/2;
   or

o  rollover contributions of amounts which are not eligible to be rolled over,
   for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1)   the rollover was from an eligible retirement plan to a traditional IRA;

(2)   the excess contribution was due to incorrect information that the plan
      provided; and

(3)   you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments.  Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible
traditional IRA contributions (less any amounts previously withdrawn tax free)
to the total account balances of all traditional IRAs you own at the end of the
year plus all traditional IRA distributions made during the year. Multiply this
by all distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o    the amount received is a withdrawal of excess contributions, as
     described under "Excess contributions" earlier in this section; or

o    the entire amount received is rolled over to another traditional
     IRA or other eligible retirement plan which agrees to accept the funds.
     (See "Rollovers from eligible retirement plans other than traditional
     IRAs" under "Rollover and transfer contributions to traditional IRAs"
     earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.

Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners age 70-1/2 or older.

72  Tax information



Required minimum distributions

BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS

Distributions must be made from traditional IRAs according to rules contained
in the Code and Treasury Regulations. Beginning in 2006, certain provisions of
the Treasury Regulations require that the actuarial present value of additional
annuity contract benefits must be added to the dollar amount credited for
purposes of calculating certain types of required minimum distributions from
individual retirement annuity contracts. For this purpose additional annuity
contract benefits may include, but are not limited to, guaranteed minimum
income benefits and enhanced death benefits. This could increase the amount
required to be distributed from these contracts if you take annual withdrawals
instead of annuitizing, Please consult your tax adviser concerning
applicability of these complex rules to your situation.

Lifetime required minimum distributions.  You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution.  The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that
year--the delayed one for the first year and the one actually for that year.
Once minimum distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans?  No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose?  We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year?  The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year?  Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die?  These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary.  Regardless of whether your death occurs before or
after your Required Beginning Date, an individual death beneficiary calculates
annual post-death required minimum distribution payments based on the
beneficiary's life expectancy using the "term certain method." That is, he or
she determines his or her life expect-

Tax information  73



ancy using the IRS-provided life expectancy tables as of the calendar year
after the owner's death and reduces that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

Spousal beneficiary.  If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from your
traditional IRA into his/her own traditional IRA or other eligible retirement
plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary.  If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Spousal continuation

If the contract is continued under Spousal continuation, then no amounts are
required to be paid until after the surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    used to pay certain extraordinary medical expenses (special fed
     eral income tax definition); or

o    used to pay medical insurance premiums for unemployed indi
     viduals (special federal income tax definition); or

o    used to pay certain first-time home buyer expenses (special fed
     eral income tax definition; $10,000 lifetime total limit for these
     distributions from all your traditional and Roth IRAs); or

o    used to pay certain higher education expenses (special federal
     income tax definition); or


o    in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy) or over the joint
     lives of you and your beneficiary (or your joint life expectancies using
     an IRS-approved distribution method. We do not anticipate that Guaranteed
     annual payments made under the Guaranteed withdrawal benefit for life's
     Maximum or Customized payment plan or taken as partial withdrawals will
     qualify for this exception if made before age 59-1/2.

To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially
equal withdrawals and Income Manager(SM) payments are not subject to the 10%
penalty tax, they are taxable as discussed in "Withdrawals, payments and
transfers of funds out of traditional IRAs" above. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under this option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.


74  Tax information



Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Elite(SM) Roth Conversion IRA contract is designed to qualify
as a Roth individual retirement annuity under Sections 408A(b) and 408(b) of
the Internal Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o    regular after-tax contributions out of earnings; or

o    taxable rollover contributions from traditional IRAs ("conversion"
     contributions); or

o    tax-free rollover contributions from other Roth arrangements; or

o    tax-free direct custodian-to-custodian transfers from other Roth
     IRAs ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in
this section. If you use the forms we require, we will also accept traditional
IRA funds which are subsequently recharacterized as Roth IRA funds following
special federal income tax rules.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Regular contributions to Roth IRAs

Limits on regular contributions.  The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability
to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the years is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007, and
later years.


With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):


o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is over $160,000 (for 2007, $166,000 after
    adjustment); or

o   your federal income tax filing status is "single" and your modified adjusted
    gross income is over $110,000 (for 2007, $114,000 after adjustment).

However, you can make regular Roth IRA contributions in reduced amounts when:

o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is between $150,000 and $160,000 (for 2007,
    between $156,000 and $166,000 after adjustment); or

o   your federal income tax filing status is "single" and your modified adjusted
    gross income is between $95,000 and $110,000 (for 2007, between $99,000 and
    $114,000 after adjustment).

If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions.  Same as traditional IRAs.

Deductibility of contributions.  Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o   another Roth IRA ("tax-free rollover contribution");

o   a "designated Roth contribution account" under a 401(k) plan or a 403(b)
    arrangement;

o   another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
    rollover limitation period for SIMPLE IRA funds), in a taxable conversion
    rollover ("conversion contribution");

o   you may not make contributions to a Roth IRA from a qualified plan under
    section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
    the Internal Revenue Code or any other

                                                             Tax information  75



    eligible retirement plan until 2008. You may make rollover contributions
    from a "designated Roth contribution account" under a 401(k) plan or a
    403(b) arrangement which permits designated Roth elective deferral
    contributions to be made, beginning in 2006.

You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize.  To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

76  Tax information



The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o   rollovers from a Roth IRA to another Roth IRA;

o   direct transfers from a Roth IRA to another Roth IRA;

o   qualified distributions from a Roth IRA; and

o   return of excess contributions or amounts recharacterized to a
    traditional IRA.

Qualified distributions from Roth IRAs.  Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o   you are age 59-1/2 or older; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   your distribution is a "qualified first-time homebuyer distribution"
    (special federal income tax definition; $10,000 lifetime total limit for
    these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs.  Nonqualified distributions from
Roth IRAs are distributions that do not meet both the qualifying event and
five-year aging period tests described above. If you receive such a
distribution, part of it may be taxable. For purposes of determining the
correct tax treatment of distributions (other than the withdrawal of excess
contributions and the earnings on them), there is a set order in which
contributions (including conversion contributions) and earnings are considered
to be distributed from your Roth IRA. The order of distributions is as follows:

(1)   Regular contributions.

(2)   Conversion contributions, on a first-in-first-out basis (generally, total
      conversions from the earliest year first). These conversion contributions
      are taken into account as follows:

      (a)   Taxable portion (the amount required to be included in gross income
            because of conversion) first, and then the

      (b)   Nontaxable portion.

(3)   Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1)   All distributions made during the year from all Roth IRAs you maintain --
      with any custodian or issuer -- are added together.

(2)   All regular contributions made during and for the year (contribu tions
      made after the close of the year, but before the due date of your return)
      are added together. This total is added to the total undistributed regular
      contributions made in prior years.

(3)   All conversion contributions made during the year are added together. For
      purposes of the ordering rules, in the case of any conversion in which the
      conversion distribution is made in 2007 and the conversion contribution is
      made in 2008, the conversion contribution is treated as contributed prior
      to other conversion contributions made in 2008.

Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

                                                             Tax information  77



Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please contact your tax adviser concerning how these Proposed
Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

Earnings enhancement benefit

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could affect the tax qualification of the TSA and could be taxable. Were the
IRS to take any adverse position, Equitable would take all reasonable steps to
attempt to avoid any adverse result, which would include amending the contract
(with appropriate notice to you). You should discuss with your tax adviser
whether you should consider purchasing an Accumulator(R) Elite(SM) Rollover TSA
contract with the optional Earnings enhancement benefit.

Contributions to TSAs

There are two ways you can make contributions to establish this Accumulator(R)
Elite(SM) Rollover TSA contract:

o    a full or partial direct transfer of assets ("direct transfer") from
     another contract or arrangement that meets the requirements of Section
     403(b) of the Internal Revenue Code by means of IRS Revenue Ruling 90-24;
     or

o    a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R)
Elite(SM) TSA. We do not accept "designated Roth contributions" rolled over from
a 401(k) plan or a 403(b) arrangement or directly transferred from another
403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Elite(SM) Rollover TSA
contract does not accept employer-remitted contributions. However, we provide
the following discussion as part of our description of restrictions on the
distribution of funds directly transferred, which include employer-remitted
contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contributions as
"designated Roth contributions" to the 403(b) arrangement which are made on an
after-tax basis. However, a TSA can also be wholly or partially funded through
nonelective employer contributions or other after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal

78  Tax information



restrictions. Also, all amounts attributable to investments in a 403(b)(7)
custodial account are subject to withdrawal restrictions discussed below.

Rollover or direct transfer contributions.  Once you establish your Rollover
TSA with 403(b)-source funds, you may make subsequent rollover contributions to
your Rollover TSA contract from these sources: qualified plans, governmental
employer 457(b) plans and traditional IRAs, as well as other TSAs and 403(b)
arrangements. All rollover contributions must be pre-tax funds only with
appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o    termination of employment with the employer who provided the
     funds for the plan; or

o    reaching age 59-1/2 even if you are still employed; or

o    disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o    you give us acceptable written documentation as to the source of
     the funds; and

o    the Accumulator(R) Elite(SM) contract receiving the funds has provi
     sions at least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Elite(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Elite(SM) TSA must be net of the
required minimum distribution for the tax year in which we issue the contract
if:

o    you are or will be at least age 70-1/2 in the current calendar year,
     and

o    you have retired from service with the employer who provided the
     funds to purchase the TSA you are transferring or rolling over to the
     Accumulator(R) Elite(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o    rollover by check of the proceeds from another TSA or eligible
     retirement plan; or

o    direct rollover from another TSA or eligible retirement plan; or

o    direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General.  Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

Withdrawal restrictions.  If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o    you are severed from employment with the employer who pro
     vided the funds to purchase the TSA you are transferring to the
     Accumulator(R) Elite(SM) Rollover TSA; or

o    you reach age 59-1/2; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    you take a hardship withdrawal (special federal income tax defi
     nition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions.  Amounts held under TSAs are generally not
subject to federal income tax until benefits are distrib-

                                                             Tax information  79



uted. Distributions include withdrawals from your TSA contract and annuity
payments from your TSA contract. Death benefits paid to a beneficiary are also
taxable distributions. Unless an exception applies, amounts distributed from
TSAs are includable in gross income as ordinary income. Distributions from TSAs
may be subject to 20% federal income tax withholding. See "Federal and state
income tax withholding and information reporting" later in this section. In
addition, TSA distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin.  On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity payments. Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL")" in "Contract
features and benefits" earlier in this Prospectus, as well as GMIB and other
annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment
in the contract is recovered is fully taxable. If you (and your beneficiary
under a joint and survivor annuity) die before recovering the full investment
in the contract, a deduction is allowed on your (or your beneficiary's) final
tax return.

Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Loans from TSAs. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o   The amount of a loan to a participant, when combined with all other loans to
    the participant from all qualified plans of the employer, cannot exceed the
    lesser of:

(1) the greater of $10,000 or 50% of the participant's nonforfeitable accrued
    benefits; and

(2) $50,000 reduced by the excess (if any) of the highest outstand ing loan
    balance over the previous twelve months over the outstanding loan balance of
    plan loans on the date the loan was made.

o   In general, the term of the loan cannot exceed five years unless the loan is
    used to acquire the participant's primary residence. Accumulator(R)
    Elite(SM) Rollover TSA contracts have a term limit of 10 years for loans
    used to acquire the participant's primary residence.

o   All principal and interest must be amortized in substantially level payments
    over the term of the loan, with payments being made at least quarterly. In
    very limited circumstances, the repayment obligation may be temporarily
    suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o   the loan does not qualify under the conditions above;

o   the participant fails to repay the interest or principal when due; or

o   in some instances, the participant separates from service with the employer
    who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same employer, a defaulted loan which has not been
fully repaid is treated as still outstanding, even after the default is
reported to the IRS on Form 1099-R. The amount treated as still outstanding
(which limits subsequent loans) includes interest accruing on the unpaid
balance.


See Appendix VII later in this Prospectus for any state rules that affect loans
from a Rollover TSA contract.

80  Tax information



Tax-deferred rollovers and direct transfers. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.

You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non-spousal death beneficiary may also
be able to make rollover contributions to an individual retirement plan under
certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may be able to delay the start of required minimum
distributions for all or part of your account balance until after age 70-1/2, as
follows:

o   For TSA participants who have not retired from service with the employer who
    provided the funds for the TSA by the calendar year the participant turns
    age 70-1/2, the required beginning date for minimum distributions is
    extended to April 1 following the calendar year of retirement.

o   TSA plan participants may also delay the start of required mini mum
    distributions to age 75 of the portion of their account value attributable
    to their December 31, 1986, TSA account balance, even if retired at age
    70-1/2. We will know whether or not you qualify for this exception because
    it will only apply to people who establish their Accumulator(R) Elite(SM)
    Rollover TSA by direct Revenue Ruling 90-24 transfers. If you do not give us
    the amount of your December 31, 1986, account balance that is being
    transferred to the Accumulator(R) Elite(SM) Rollover TSA on the form used to
    establish the TSA, you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Elite(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell
us on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   to pay for certain extraordinary medical expenses (special federal income
    tax definition); or

o   in any form of payout after you have separated from service (only if the
    separation occurs during or after the calendar year you reach age 55); or

o   in a payout in the form of substantially equal periodic payments made at
    least annually over your life (or your life expectancy), or over the joint
    lives of you and your beneficiary (or your joint life expectancies) using an
    IRS-approved distribution method (only after you have separated from service
    at any age). We do not anticipate that Guaranteed annual payments made under
    the Guaranteed withdrawal benefit for life's Maximum or Customized payment
    plan or taken as lump sums will qualify for this exception if made before
    age 59-1/2.

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If

                                                             Tax information  81



you do not have sufficient income tax withheld or do not make sufficient
estimated income tax payments, you may incur penalties under the estimated
income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o   We might have to withhold and/or report on amounts we pay under a free look
    or cancellation.

o   We are generally required to withhold on conversion rollovers of traditional
    IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
    and is taxable.

o   We are required to withhold on the gross amount of a distribu tion from a
    Roth IRA to the extent it is reasonable for us to believe that a
    distribution is includable in your gross income. This may result in tax
    being withheld even though the Roth IRA distribution is ultimately not
    taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However we may require additional documentation in the case of
payments made to non United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at anytime.


Federal income tax withholding on non-periodic annuity
payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan
distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o   any distributions which are required minimum distributions after age 70-1/2
    or retirement from service with the employer; or

o   substantially equal periodic payments made at least annually for your life
    (or life expectancy) or the joint lives (or joint life expectancies) of you
    and your designated beneficiary; or

o   substantially equal periodic payments made for a specified period of 10
    years or more; or

o   hardship withdrawals; or

o   corrective distributions that fit specified technical tax rules; or

o   loans that are treated as distributions; or

o   a death benefit payment to a beneficiary who is not your surviv ing spouse;
    or

o   a qualified domestic relations order distribution to a beneficiary who is
    not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT ON TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

82  Tax information



8. More information

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ABOUT OUR SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of the Separate Account's operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

The Separate Account is registered under the Investment Company Act of 1940 and
is registered and classified under that act as a "unit investment trust." The
SEC, however, does not manage or supervise AXA Equitable or Separate Account
No. 49. Although Separate Account No. 49 is registered, the SEC does not
monitor the activity of Separate Account No. 49 on a daily basis. AXA Equitable
is not required to register, and is not registered, as an investment company
under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from the Separate Account or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate the Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against the Separate Account or
     a variable investment option directly);

(5)  to deregister the Separate Account under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Account;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in the respective SAIs which are available upon
request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:



- ------------------------------------------------------
   Fixed Maturity
   Options with
   February 15th         Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- ------------------------------------------------------
        2008              3.30%               $ 96.81
        2009              3.34%               $ 93.63
        2010              3.39%               $ 90.47
        2011              3.48%               $ 87.20
        2012              3.58%               $ 83.86
        2013              3.65%               $ 80.63
        2014              3.72%               $ 77.42
        2015              3.76%               $ 74.42
- ------------------------------------------------------


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- ------------------------------------------------------
   Fixed Maturity
   Options with
   February 15th         Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- ------------------------------------------------------
        2016              3.84%             $ 71.22
        2017              3.89%             $ 68.25
- ------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1)  We determine the market adjusted amount on the date of the withdrawal as
     follows:

     (a)  We determine the fixed maturity amount that would be payable on the
          maturity date, using the rate to maturity for the fixed maturity
          option.

     (b)  We determine the period remaining in your fixed maturity option (based
          on the withdrawal date) and convert it to fractional years based on a
          365-day year. For example, three years and 12 days becomes 3.0329.

     (c)  We determine the current rate to maturity for your FMO based on the
          rate for a new FMO issued on the same date and having the same
          maturity date as your FMO; if the same maturity date is not available
          for new FMOs, we determine a rate that is between the rates for new
          FMO maturities that immediately precede and immediately follow your
          FMOs maturity date.

     (d)  We determine the present value of the fixed maturity amount payable at
          the maturity date, using the period determined in (b) and the rate
          determined in (c).

(2)  We determine the fixed maturity amount as of the current date.

(3)  We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) above would
apply, we will use the rate at the next closest maturity date. If we are no
longer offering new fixed maturity options, the "current rate to maturity" will
be determined by using a widely published index. We reserve the right to add up
to 0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and the fixed
maturity options and the account for special dollar cost averaging, as well as
our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contract in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws. How-

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ever, the market value adjustment interests under the contracts are registered
under the Securities Act of 1933.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, QP, Inherited IRA Beneficiary Continuation
(traditional IRA or Roth IRA) or Rollover TSA contracts. Please see Appendix
VII later in this Prospectus to see if the automatic investment program is
available in your state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

For contracts with GWBL, AIP will be automatically terminated after the later
of: (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end fo the first six months.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT
EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o   If your contribution, transfer, or any other transaction request, containing
    all the required information, reaches us on a non-business day or after 4:00
    p.m. on a business day, we will use the next business day.

o   A loan request under your Rollover TSA contract will be processed on the
    first business day of the month following the date on which the properly
    completed loan request form is received.

o   If your transaction is set to occur on the same day of the month as the
    contract date and that date is the 29th, 30th or 31st of the month, then the
    transaction will occur on the 1st day of the next month.

o   When a charge is to be deducted on a contract date anniversary that is a
    non-business day, we will deduct the charge on the next business day.

o   If we have entered into an agreement with your broker-dealer for automated
    processing of contributions upon receipt of customer order, your
    contribution will be considered received at the time your broker-dealer
    receives your contribution and all information needed

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    to process your application, along with any required documents, and
    transmits your order to us in accordance with our processing procedures.
    Such arrangements may apply to initial contributions, subsequent
    contributions, or both, and may be commenced or terminated at any time
    without prior notice. If required by law, the "closing time" for such
    orders will be earlier than 4:00 p.m., Eastern Time.


CONTRIBUTIONS AND TRANSFERS


o   Contributions allocated to the variable investment options are invested at
    the unit value next determined after the receipt of the contribution.


o   Contributions allocated to the guaranteed interest option will receive the
    crediting rate in effect on that business day for the specified time period.

o   Contributions allocated to a fixed maturity option will receive the rate to
    maturity in effect for that fixed maturity option on that business day
    (unless a rate lock-in is applicable).

o   Initial contributions allocated to the account for special dollar cost
    averaging receive the interest rate in effect on that business day. At
    certain times, we may offer the opportunity to lock in the interest rate for
    an initial contribution to be received under Section 1035 exchanges and
    trustee to trustee transfers. Your financial professional can provide
    information, or you can call our processing office.


o   Transfers to or from variable investment options will be made at the unit
    value next determined after the receipt of the transfer request.


o   Transfers to a fixed maturity option will be based on the rate to maturity
    in effect for that fixed maturity option on the business day of the
    transfer.

o   Transfers to the guaranteed interest option will receive the crediting rate
    in effect on that business day for the specified time period.

o   For the interest sweep option, the first monthly transfer will occur on the
    last business day of the month following the month that we receive your
    election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o   the election of trustees; or

o   the formal approval of independent public accounting firms selected for each
    Trust; or

o   any other matters described in the prospectuses for the Trusts or requiring
    a shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustee or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.

CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
written notification of any change at our processing office.

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You cannot assign your NQ contract as collateral or security for a loan. Loans
are also not available under your NQ contract. In some cases, an assignment or
change of ownership may have adverse tax consequences. See "Tax information"
earlier in this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, a PGB, the Earnings enhancement benefit
and/or the Guaranteed withdrawal benefit for life ("Benefit"), generally the
Benefit will automatically terminate if you change ownership of the contract or
if you assign the owner's right to change the beneficiary or person to whom
annuity payments will be made. However, the Benefit will not terminate if the
ownership of the contract is transferred from a non-natural owner to an
individual but the contract will continue to be based on the annuitant's life.
Please speak with your financial professional for further information.

See Appendix VII later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.


You cannot assign or transfer ownership of Rollover IRA, Roth Conversion IRA,
QP or Rollover TSA contract except by surrender to us. If your individual
retirement annuity contract is held in your custodial individual retirement
account, you may only assign or transfer ownership of such an IRA contract to
yourself. Loans are not available (except for Rollover TSA contracts) and you
cannot assign Rollover IRA, Roth Conversion IRA, QP or Rollover TSA contracts
as security for a loan or other obligation. If the employer that provided the
funds does not restrict them, loans are available under a Rollover TSA
contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA, QP or Rollover TSA contract to another similar arrangement
under federal income tax rules. In the case of such a transfer, which involves
a surrender of your contract, we will impose a withdrawal charge, if one
applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 1.20% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 6.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset--


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based compensation paid by AXA Distributors varies among Selling
broker-dealers. AXA Distributors also receives compensation and reimbursement
for its marketing services under the terms of its distribution agreement with
AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Elite(SM) on a company and/or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable product. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.


88  More information




9. Incorporation of certain documents by reference

- --------------------------------------------------------------------------------

AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


                             Incorporation of certain documents by reference  89



Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.65%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                              INVESTMENT OPTION




- -------------------------------------------------------------------------------------
                                               For the years ending December 31,
                                       ----------------------------------------------
                                            2006        2005        2004        2003
- -------------------------------------------------------------------------------------
                                                                
 AXA Aggressive Allocation
- -------------------------------------------------------------------------------------
  Unit value                             $  14.45    $  12.46    $  11.72     $ 10.66
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)      32,813      12,508       4,674         195
- -------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -------------------------------------------------------------------------------------
  Unit value                             $  11.33    $  10.83    $  10.75     $ 10.31
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,935       3,738       1,736         116
- -------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -------------------------------------------------------------------------------------
  Unit value                             $  11.98    $  11.20    $  11.03     $ 10.41
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)      16,150       9,271       3,928         215
- -------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -------------------------------------------------------------------------------------
  Unit value                             $  12.57    $  11.58    $  11.24     $ 10.51
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)      83,885      52,197      21,440         970
- -------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -------------------------------------------------------------------------------------
  Unit value                             $  13.84    $  12.29    $  11.72     $ 10.67
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     151,231      69,680      21,528         560
- -------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -------------------------------------------------------------------------------------
  Unit value                             $  12.93    $  12.51    $  11.75     $ 10.66
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)         976         442         210          15
- -------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -------------------------------------------------------------------------------------
  Unit value                             $  10.61    $  10.39    $  10.38     $ 10.16
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,315       4,566       2,210         301
- -------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -------------------------------------------------------------------------------------
  Unit value                             $  12.70    $  12.28    $  11.67     $ 10.59
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,143       1,765         716          86
- -------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -------------------------------------------------------------------------------------
  Unit value                             $  12.40    $  11.47    $  11.32     $ 10.59
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,956       5,292       3,135         282
- -------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -------------------------------------------------------------------------------------
  Unit value                             $  18.23    $  14.79    $  13.02     $ 11.23
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,220       2,536       1,127          65
- -------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -------------------------------------------------------------------------------------
  Unit value                             $  13.38    $  11.98    $  11.41     $ 10.58
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,487       1,016         456          20
- -------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -------------------------------------------------------------------------------------
  Unit value                             $  11.42    $  11.59    $  10.97     $ 10.45
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,137       2,204       1,141          59
- -------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -------------------------------------------------------------------------------------
  Unit value                             $  15.40    $  13.12    $  12.46     $ 11.07
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,165       3,109       1,455          59
- -------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -------------------------------------------------------------------------------------
  Unit value                             $  13.30    $  12.33    $  11.57     $ 10.53
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,570       2,515       1,381          97
- -------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- -------------------------------------------------------------------------------------
  Unit value                             $  14.83    $  13.15    $  12.45     $ 10.99
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,627       2,566       1,506         103
- -------------------------------------------------------------------------------------



A-1 Appendix I: Condensed financial information


 UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                        INVESTMENT OPTION (CONTINUED)



- -------------------------------------------------------------------------------------
                                               For the years ending December 31,
                                       ----------------------------------------------
                                             2006        2005        2004        2003
- -------------------------------------------------------------------------------------
                                                                
 AXA Premier VIP Technology
- -------------------------------------------------------------------------------------
  Unit value                             $  12.29     $ 11.65     $ 10.64     $ 10.31
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,164       1,431         675          35
- -------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- -------------------------------------------------------------------------------------
  Unit value                             $  13.60     $ 12.58     $ 12.26     $ 10.92
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       7,207       5,402       2,957         158
- -------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -------------------------------------------------------------------------------------
  Unit value                             $  14.60     $ 12.53     $ 12.07     $ 10.92
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,884       4,328       2,227         127
- -------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -------------------------------------------------------------------------------------
  Unit value                             $  10.22     $ 10.07     $ 10.12     $ 10.09
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,691       1,398         905          69
- -------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -------------------------------------------------------------------------------------
  Unit value                             $  17.91     $ 14.74     $ 13.00     $ 11.19
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       7,675       3,716       1,270          66
- -------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -------------------------------------------------------------------------------------
  Unit value                             $  12.19     $ 12.46     $ 11.02     $ 10.34
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,506       1,386         595          44
- -------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -------------------------------------------------------------------------------------
  Unit value                             $  10.66     $ 10.44     $ 10.40     $ 10.20
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,340       2,303       1,119          95
- -------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -------------------------------------------------------------------------------------
  Unit value                             $  14.18     $ 13.22     $ 12.06     $ 10.75
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,926       1,783         913          81
- -------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -------------------------------------------------------------------------------------
  Unit value                             $  15.10     $ 12.65     $ 12.20     $ 10.93
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)      14,100       9,522       5,080         310
- -------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -------------------------------------------------------------------------------------
  Unit value                             $  11.32     $ 10.35          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)         907         118          --          --
- -------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- -------------------------------------------------------------------------------------
  Unit value                             $  10.92     $ 10.95     $ 10.35     $ 10.16
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,611       2,568         878          43
- -------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -------------------------------------------------------------------------------------
  Unit value                             $   6.61     $  5.80     $  5.55          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       4,814       3,177         208          --
- -------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -------------------------------------------------------------------------------------
  Unit value                             $  11.83     $ 11.43     $ 10.68     $ 10.49
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)         894         571         194           5
- -------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
  Unit value                             $  11.80     $ 11.17     $ 10.80     $ 10.41
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,225       2,419         273          15
- -------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -------------------------------------------------------------------------------------
  Unit value                             $  16.87     $ 14.38     $ 12.48     $ 11.17
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)      11,624       7,243       3,564         178
- -------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -------------------------------------------------------------------------------------
  Unit value                             $  13.44     $ 12.20     $ 11.69     $ 10.72
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,674       4,879       2,900          86
- -------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- -------------------------------------------------------------------------------------
  Unit value                             $  13.07     $ 12.09     $ 11.60     $ 10.79
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)      10,590       7,725       4,402         275
- -------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-2


 UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                        INVESTMENT OPTION (CONTINUED)




- -------------------------------------------------------------------------------------
                                               For the years ending December 31,
                                       ----------------------------------------------
                                             2006        2005        2004        2003
- -------------------------------------------------------------------------------------
                                                                
 EQ/Caywood-Scholl High Yield Bond
- -------------------------------------------------------------------------------------
  Unit value                             $  11.02     $ 10.38          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,957         563          --          --
- -------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -------------------------------------------------------------------------------------
  Unit value                             $  10.84          --          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,788          --          --          --
- -------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -------------------------------------------------------------------------------------
  Unit value                             $  13.56     $ 11.98     $ 11.67     $ 10.76
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       9,866       7,495       4,181         204
- -------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -------------------------------------------------------------------------------------
  Unit value                             $   9.91     $  9.74          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,013         172          --          --
- -------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -------------------------------------------------------------------------------------
  Unit value                             $  11.98     $ 11.50     $ 11.25     $ 10.69
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,979       1,528       1,146         126
- -------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -------------------------------------------------------------------------------------
  Unit value                             $  14.84     $ 13.53     $ 12.93     $ 11.33
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       8,706       5,920       3,260         291
- -------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -------------------------------------------------------------------------------------
  Unit value                             $  15.51     $ 14.02     $ 12.80     $ 11.04
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       6,490       4,526       2,213         149
- -------------------------------------------------------------------------------------
 EQ/Franklin Income
- -------------------------------------------------------------------------------------
  Unit value                             $  10.42          --          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,992          --          --          --
- -------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -------------------------------------------------------------------------------------
  Unit value                             $  10.81          --          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)         384          --          --          --
- -------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -------------------------------------------------------------------------------------
  Unit value                             $  11.57     $ 10.48          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,759         442          --          --
- -------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -------------------------------------------------------------------------------------
  Unit value                             $  26.00     $ 22.24     $ 21.68          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,796         802          76          --
- -------------------------------------------------------------------------------------
 EQ/International Growth
- -------------------------------------------------------------------------------------
  Unit value                             $  14.18     $ 11.48          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,674         373          --          --
- -------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -------------------------------------------------------------------------------------
  Unit value                             $  12.12     $ 12.18     $ 11.54     $ 10.46
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,717       1,201         449          46
- -------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -------------------------------------------------------------------------------------
  Unit value                             $  10.74     $ 10.50     $ 10.44     $ 10.20
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)      11,680       7,995       3,501         284
- -------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -------------------------------------------------------------------------------------
  Unit value                             $  14.47     $ 12.22     $ 11.96     $ 10.97
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,769       1,018         473          42
- -------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -------------------------------------------------------------------------------------
  Unit value                             $  11.17     $ 10.63          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,957         563          --          --
- -------------------------------------------------------------------------------------
 EQ/Long Term Bond
- -------------------------------------------------------------------------------------
  Unit value                             $   9.99     $  9.98          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)         878         743          --          --
- -------------------------------------------------------------------------------------



A-3 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION (CONTINUED)




- -------------------------------------------------------------------------------------
                                               For the years ending December 31,
                                       ----------------------------------------------
                                             2006        2005        2004        2003
- -------------------------------------------------------------------------------------
                                                                
 EQ/Lord Abbett Growth and Income
- -------------------------------------------------------------------------------------
  Unit value                             $  12.19    $  10.58          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       3,163         874          --          --
- -------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -------------------------------------------------------------------------------------
  Unit value                             $  11.68    $  10.54          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,248         527          --          --
- -------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -------------------------------------------------------------------------------------
  Unit value                             $  12.30    $  11.13          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,585       2,163          --          --
- -------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -------------------------------------------------------------------------------------
  Unit value                             $  13.45    $  12.51     $ 11.49     $ 10.57
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)      20,022      11,881       5,249         435
- -------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -------------------------------------------------------------------------------------
  Unit value                             $  14.30    $  12.02     $ 11.87     $ 10.92
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,785       4,888       3,020         210
- -------------------------------------------------------------------------------------
 EQ/Mercury International Value
- -------------------------------------------------------------------------------------
  Unit value                             $  17.89    $  14.47     $ 13.27     $ 11.09
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       7,223       4,026       1,161          30
- -------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -------------------------------------------------------------------------------------
  Unit value                             $  12.89    $  12.16     $ 11.34     $ 10.24
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,215         705         369          29
- -------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -------------------------------------------------------------------------------------
  Unit value                             $  13.56    $  12.21     $ 11.58     $ 10.57
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,455       1,271         643          69
- -------------------------------------------------------------------------------------
 EQ/Money Market
- -------------------------------------------------------------------------------------
  Unit value                             $  10.24    $   9.97     $  9.87     $  9.96
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       4,632       2,041       1,005          42
- -------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -------------------------------------------------------------------------------------
  Unit value                             $   4.79    $   4.51     $  4.35          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,430         883          38          --
- -------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -------------------------------------------------------------------------------------
  Unit value                             $  10.70          --          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       2,470          --          --          --
- -------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -------------------------------------------------------------------------------------
  Unit value                             $  11.08          --          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)         367          --          --          --
- -------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -------------------------------------------------------------------------------------
  Unit value                             $  10.92          --          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)         133          --          --          --
- -------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -------------------------------------------------------------------------------------
  Unit value                             $  11.09          --          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)         182          --          --          --
- -------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -------------------------------------------------------------------------------------
  Unit value                             $   9.79    $   9.91          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       8,303       3,300          --          --
- -------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -------------------------------------------------------------------------------------
  Unit value                             $  10.18    $   9.96          --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       1,594         402          --          --
- -------------------------------------------------------------------------------------
 EQ/Small Cap Value
- -------------------------------------------------------------------------------------
  Unit value                             $  14.80    $  12.96     $ 12.59     $ 10.93
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       7,719       5,307       2,979         191
- -------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-4



    UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
                          INVESTMENT OPTION (CONTINUED)



- -------------------------------------------------------------------------------------
                                            For the years ending December 31,
                                       ----------------------------------------------
                                           2006      2005      2004       2003
- -------------------------------------------------------------------------------------
                                                          
 EQ/Small Company Growth
- -------------------------------------------------------------------------------------
  Unit value                             $ 8.58   $  7.91   $  7.49          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     3,530     1,416        31          --
- -------------------------------------------------------------------------------------
 EQ/Small Company Index
- -------------------------------------------------------------------------------------
  Unit value                             $14.72   $ 12.72   $ 12.40     $ 10.71
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     4,061     2,210     1,215          79
- -------------------------------------------------------------------------------------
 EQ/TCW Equity
- -------------------------------------------------------------------------------------
  Unit value                             $15.61   $ 16.53   $ 16.17          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)       907       526        22          --
- -------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -------------------------------------------------------------------------------------
  Unit value                             $10.75        --        --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     2,001        --        --          --
- -------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------
  Unit value                             $ 6.10   $  5.43   $  5.07          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     2,346       952        71          --
- -------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------
  Unit value                             $11.86   $ 10.41        --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     7,856     2,852        --          --
- -------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------
  Unit value                             $24.59   $ 18.24   $ 13.97     $ 11.48
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     6,050     3,408     1,047          46
- -------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------
  Unit value                             $13.27   $ 12.35        --          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     2,350       533        --          --
- -------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------
  Unit value                             $14.13   $ 11.81   $ 11.36          --
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     1,072       137         6          --
- -------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- -------------------------------------------------------------------------------------
  Unit value                             $22.87   $ 16.89   $ 14.71     $ 10.99
- -------------------------------------------------------------------------------------
  Number of units outstanding (000's)     4,729     2,639     1,107          41
- -------------------------------------------------------------------------------------



A-5 Appendix I: Condensed financial information



Appendix II: Purchase considerations for QP contracts


- --------------------------------------------------------------------------------

Trustees who are considering the purchase of an Accumulator(R) Elite(SM) QP
contract should discuss with their tax advisors whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether the
plan provisions permit the investment of plan assets in the QP contract, the
distribution of such an annuity, the purchase of the Guaranteed minimum income
benefit and other guaranteed benefits, and the payment of death benefits in
accordance with the requirements of the federal income tax rules. The QP
contract and this Prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Accumulator(R)
Elite(SM) QP contract or another annuity contract. Therefore, you should
purchase an Accumulator(R) Elite(SM) QP contract to fund a plan for the
contract's features and benefits other than tax deferral, after considering the
relative costs and benefits of annuity contracts and other types of arrangements
and funding vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
from the employer. For 401(k) plans, no employee after-tax contributions are
accepted. A "designated Roth contribution account" is not available in the QP
contract. Checks written on accounts held in the name of the employer instead
of the plan or the trustee will not be accepted. Only one additional transfer
contribution may be made per contract year. If amounts attributable to an
excess or mistaken contribution must be withdrawn, a withdrawal charge and/or
market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o   the QP contract may not be an appropriate purchase for participants
    approaching or over age 70-1/2;

o   provisions in the Treasury Regulations on required minimum distributions
    require that the actuarial present value of additional annuity contract
    benefits be added to the dollar amount credited for purposes of calculating
    required minimum distributions. This could increase the amounts required to
    be distributed;

o   the Guaranteed minimum income benefit may not be an appropriate feature for
    participants who are older than age 60-1/2 when the contract is issued; and


o   if the Guaranteed minimum income benefit is automatically exercised as a
    result of the no lapse guarantee, payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.


                       Appendix II: Purchase considerations for QP contracts B-1




Appendix III: Market value adjustment example

- --------------------------------------------------------------------------------

The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)





- --------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                  rate to maturity(j)
                                                                              --------------------------
                                                                                 February 15, 2011
                                                                              --------------------------
                                                                                 5.00%        9.00%
- --------------------------------------------------------------------------------------------------------
                                                                                     
 As of February 15, 2011 before withdrawal
- --------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- --------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- --------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- --------------------------------------------------------------------------------------------------------
    On February 15, 2011 after $50,000 withdrawal
- --------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                               $  3,637     $ (3,847)
- --------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- --------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- --------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- --------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- --------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:



(a)  Number of days from the withdrawal date to the maturity date = D = 1,461

(b)  Market adjusted amount is based on the
     following calculation:

     Maturity value                  $ 171,882
     ----------------        =    -----------------   where j is either 5% or 9%
     (1+j)((D/365))               (1+j)((1,461/365))

(c)  Fixed maturity amount is based on the following calculation:

     Maturity  value                 $ 171,882
     ----------------        =    --------------------
     (1+h)((D/365))               (1+0.07)((1,461/365))

(d)  Maturity value is based on the following calculation:

     Fixed maturity amount        $84,741 or $77,257
     ---------------------   =    --------------------
       (1+h)((D/365))             (1+0.07)((1,461/365))


C-1 Appendix III: Market value adjustment example



Appendix IV: Enhanced death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.


The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option or the fixed maturity
options) , no additional contributions, no transfers, no withdrawals and no
loans under a Rollover TSA contract, the enhanced death benefit for an owner
age 45 would be calculated as follows:





- --------------------------------------------------------------------------------------------------
   End of
 contract                     6% Roll-Up to age 85     Annual Ratchet to age 85      GWBL Enhanced
   year     Account value     enhanced death benefit    enhanced death benefit      death benefit
- --------------------------------------------------------------------------------------------------
                                                                       
     1       $105,000            $  106,000(4)              $  105,000(1)           $  105,000(5)
- --------------------------------------------------------------------------------------------------
     2       $115,500            $  112,360(3)              $  115,500(1)           $  115,500(5)
- --------------------------------------------------------------------------------------------------
     3       $129,360            $  119,102(3)              $  129,360(1)           $  129,360(5)
- --------------------------------------------------------------------------------------------------
     4       $103,488            $  126,248(4)              $  129,360(2)           $  135,828(6)
- --------------------------------------------------------------------------------------------------
     5       $113,837            $  133,823(4)              $  129,360(2)           $  142,296(6)
- --------------------------------------------------------------------------------------------------
     6       $127,497            $  141,852(4)              $  129,360(2)           $  148,764(6)
- --------------------------------------------------------------------------------------------------
     7       $127,497            $  150,363(4)              $  129,360(2)           $  155,232(6)
- --------------------------------------------------------------------------------------------------




The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.

ANNUAL RATCHET TO AGE 85

(1)  At the end of contract years 1 through 3, the enhanced death benefit is the
     current account value.

(2)  At the end of contract years 4 through 7, the enhanced death benefit is the
     enhanced death benefit at the end of the prior year since it is equal to or
     higher than the current account value.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.

(3)  At the end of contract years 2 and 3, the death benefit will be the current
     account value.

(4)  At the end of contract years 1 and 4 through 7, the death benefit will be
     the enhanced death benefit.

GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.

(5)  At the end of contract years 1 through 3, the death benefit is the current
     account value.

(6)  At the end of contract years 4 through 7, the death benefit is the enhanced
     death benefit.


                                 Appendix IV: Enhanced death benefit example D-1




Appendix V: Hypothetical Illustrations


- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
BENEFITS


The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85"
enhanced death benefit, the Earnings enhancement benefit and the Guaranteed
minimum income benefit under certain hypothetical circumstances for an
Accumulator(R) Elite(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single $100,000
contribution and takes no withdrawals. The amounts shown are for the beginning
of each contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying portfolios (as described
below), the corresponding net annual rates of return would be (2.96)% and
(3.04)% for the Accumulator(R) Elite(SM) contract, at the 0% and 6% gross annual
rates, respectively. These net annual rates of return reflect the trust and
separate account level charges, but they do not reflect the charges we deduct
from your account value annually for the enhanced death benefit, the Earnings
enhancement benefit and the Guaranteed minimum income benefit features, as well
as the annual administrative charge. If the net annual rates of return did
reflect these charges, the net annual rates of return shown would be lower;
however, the values shown in the following tables reflect the following
contract charges: the "Greater of 6% Roll-Up to age 85 or Annual Ratchet to age
85" enhanced death benefit charge, the Earnings enhancement benefit charge, the
Guaranteed minimum income benefit charge, and any applicable administrative
charge and withdrawal charge. The values shown under "Lifetime annual
guaranteed minimum income benefit" reflect the lifetime income that would be
guaranteed if the Guaranteed minimum income benefit is selected at that
contract date anniversary. An "N/A" in these columns indicates that the benefit
is not exercisable in that year. A "0" under any of the death benefit and/or
"Lifetime annual guaranteed minimum income benefit" columns indicates that the
contract has terminated due to insufficient account value. However, the
Guaranteed minimum income benefit has been automatically exercised and the
owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios, as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

E-1 Appendix V: Hypothetical Illustrations




Variable deferred annuity
Accumulator(R) Elite(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
 Greater of 6% Roll-Up or Annual Ratchet to age 85 Guaranteed minimum death
   benefit
 Earnings enhancement benefit
 Guaranteed minimum income benefit





                                                          Greater of 6%
                                                        Roll-Up to age 85                               Lifetime Annual
                                                        or Annual Ratchet                              Guaranteed Minimum
                                                            to age 85                                     Income Benefit
                                                           Guaranteed      Total Death Benefit ----------------------------------
                                                          Minimum Death     with the Earnings     Guaranteed       Hypothetical
                   Account Value        Cash Value           Benefit       enhancement benefit      Income            Income
       Contract ------------------- ------------------ ------------------- ------------------- ----------------- ----------------
 Age     Year       0%        6%       0%        6%        0%        6%        0%        6%       0%       6%       0%       6%
- ----- --------- --------- --------- -------- --------- --------- --------- --------- --------- -------- -------- -------- -------
                                                                                   
 60        1     100,000   100,000   92,000    92,000   100,000  100,000    100,000  100,000      N/A     N/A       N/A     N/A
 61        2      95,322   101,301   88,322    94,301   106,000  106,000    108,400  108,400      N/A     N/A       N/A     N/A
 62        3      90,716   102,555   84,716    96,555   112,360  112,360    117,304  117,304      N/A     N/A       N/A     N/A
 63        4      86,175   103,754   81,175    98,754   119,102  119,102    126,742  126,742      N/A     N/A       N/A     N/A
 64        5      81,690   104,893   81,690   104,893   126,248  126,248    136,747  136,747      N/A     N/A       N/A     N/A
 65        6      77,255   105,964   77,255   105,964   133,823  133,823    147,352  147,352      N/A     N/A       N/A     N/A
 66        7      72,862   106,959   72,862   106,959   141,852  141,852    158,593  158,593      N/A     N/A       N/A     N/A
 67        8      68,503   107,870   68,503   107,870   150,363  150,363    170,508  170,508      N/A     N/A       N/A     N/A
 68        9      64,170   108,688   64,170   108,688   159,385  159,385    183,139  183,139      N/A     N/A       N/A     N/A
 69       10      59,857   109,404   59,857   109,404   168,948  168,948    196,527  196,527      N/A     N/A       N/A     N/A
 74       15      38,191   111,064   38,191   111,064   226,090  226,090    276,527  276,527   13,520  13,520    13,520  13,520
 79       20      15,647   108,290   15,647   108,290   302,560  302,560    383,584  383,584   20,272  20,272    20,272  20,272
 84       25           0    98,876        0    98,876         0  404,893          0  493,179        0  32,391         0  32,391
 89       30           0    95,034        0    95,034         0  429,187          0  517,472      N/A     N/A       N/A     N/A
 94       35           0    93,750        0    93,750         0  429,187          0  517,472      N/A     N/A       N/A     N/A
 95       36           0    93,472        0    93,472         0  429,187          0  517,472      N/A     N/A       N/A     N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a policy would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual policy years. We can make no representation that these hypothetical
investment results can be achieved for any one year or continued over any
period of time. In fact, for any given period of time, the investment results
could be negative.

                                      Appendix V: Hypothetical Illustrations E-2



Appendix VI: Earnings enhancement benefit example

- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes the
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:



                                                                No Withdrawal   $3,000 withdrawal   $6,000 withdrawal
    -----------------------------------------------------------------------------------------------------------------
                                                                                        
A   Initial contribution                                           100,000           100,000            100,000
    -----------------------------------------------------------------------------------------------------------------
B   Death benefit: prior to withdrawal.*                           104,000           104,000            104,000
    -----------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit earnings: death
    benefit less net contributions (prior to the withdrawal in      4,000             4,000              4,000
C   D).
    B minus A.
    -----------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                        0               3,000               6,000
    -----------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                      0                 0                 2,000
    greater of D minus C or zero
    -----------------------------------------------------------------------------------------------------------------
    Net contributions (adjusted for the withdrawal in D)
F                                                                  100,000           100,000              98,000
    A minus E
    -----------------------------------------------------------------------------------------------------------------
    Death benefit (adjusted for the withdrawal in D)
G                                                                  104,000           101,000              98,000
    B minus D
    -----------------------------------------------------------------------------------------------------------------
    Death benefit less net contributions
H                                                                   4,000             1,000                 0
    G minus F
    -----------------------------------------------------------------------------------------------------------------
I   Earnings enhancement benefit factor                              40%               40%                 40%
    -----------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit
J                                                                   1,600              400                  0
    H times I
    -----------------------------------------------------------------------------------------------------------------
    Death benefit: Including Earnings enhancement benefit
K                                                                  105,600           101,400              98,000
    G plus J
    -----------------------------------------------------------------------------------------------------------------


*    The death benefit is the greater of the account value or any applicable
     death benefit.

F-1 Appendix VI: Earnings enhancement benefit example



Appendix VII: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
Elite(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus.

STATES WHERE CERTAIN ACCUMULATOR(R) ELITE(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:




- ------------------------------------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                          Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                          
CALIFORNIA      See "Contract features and benefits"--"Your right to can-       If you reside in the state of California and you are
                cel within a certain number of days"                            age 60 and older at the time the contract is issued,
                                                                                you may return your variable annuity contract within
                                                                                30 days from the date that you receive it and
                                                                                receive a refund as described below.

                                                                                If you allocate your entire initial contribution to
                                                                                the EQ/Money Market option (and/or guaranteed
                                                                                interest option, if available), the amount of your
                                                                                refund will be equal to your contribution less
                                                                                interest, unless you make a trans- fer, in which
                                                                                case the amount of your refund will be equal to your
                                                                                account value on the date we receive your request to
                                                                                cancel at our processing office. This amount could
                                                                                be less than your initial contribution. If the
                                                                                Principal guarantee ben- efit or Guaranteed
                                                                                withdrawal benefit for life is elected, the
                                                                                investment allocation during the 30 day free look
                                                                                period is limited to the guaranteed interest option.
                                                                                If you allocate any portion of your initial
                                                                                contribution to the variable invest- ment options
                                                                                (other than the EQ/Money Market option) and/or fixed
                                                                                maturity options, your refund will be equal to your
                                                                                account value on the date we receive your request to
                                                                                cancel at our processing office.
- ------------------------------------------------------------------------------------------------------------------------------------
MASSACHUSETTS   Effective on or about August 6, 2007, this contract will be
                available to Massachusetts residents with the following
                variations:

                Annual administrative charge                                    The annual administrative charge will not be
                                                                                deducted from  amounts allocated to the Guaranteed
                                                                                interest option.

                See "Disability, terminal illness or confinement to nursing     This section is deleted in its entirety.
                home" under "Withdrawal charge" in "Charges and
                expenses"
- ------------------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA    See "Disability, terminal illness, or confinement to nursing    o  Item (iii) under this section is deleted in its
                home" under "withdrawal charge" in "Charges and                    entirety.
                expenses"

                Required disclosure for Pennsylvania customers                  Any person who knowingly and with intent to defraud
                                                                                any insurance company or other person files an
                                                                                application for insurance or statement of claim
                                                                                containing any materially false information or
                                                                                conceals for the purpose of misleading, information
                                                                                concerning any fact material thereto commits a
                                                                                fraudulent insurance act, which is a crime and
                                                                                subjects such person to criminal and civil
                                                                                penalties.
- ------------------------------------------------------------------------------------------------------------------------------------
PUERTO RICO     IRA, Roth IRA, Inherited IRA, QP and Rollover TSA contracts     Not Available

                Beneficiary continuation option (IRA)                           Not Available
- ------------------------------------------------------------------------------------------------------------------------------------



                                       Appendix VII: State contract availability
                          and/or variations of certain features and benefits G-1






- ------------------------------------------------------------------------------------------------------------------------------------
 State        Features and Benefits                                             Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                          
TEXAS        See "Annual administrative charge" in "Charges and                 The annual administrative charge will be deducted
             expenses"                                                          from the value in the variable investment options on
                                                                                a pro rata basis
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON   Guaranteed interest option                                         Not available

             Investment simplifier -- Fixed-dollar option and Interest          Not available
             sweep option

             Fixed maturity options                                             Not available

             Income Manager payout option                                       Not available

             Earnings enhancement benefit                                       Not available

             Special dollar cost averaging program                              o   Available only at issue.
                                                                                o   Subsequent contributions cannot be used to
                                                                                    elect new  programs. You may make subsequent
                                                                                    contributions to the initial programs while
                                                                                    they are still running.

            See "Guaranteed minimum death benefit/Guaranteed mini-              Your "Greater of 4% Roll-Up to Age 85 or Annual
            mum income benefit roll-up benefit benefit base reset" in           Ratchet to age 85 enhanced death benefit" benefit
            "Contract features and benefits"                                    base will reset only if your account value is
                                                                                greater than your Guaranteed minimum income benefit
                                                                                base.

            See "Guaranteed minimum death benefit" in "Contract                 You have a choice of the standard death benefit, the
            features and benefits"                                              Annual Ratchet to age 85 enhanced death benefit, or
                                                                                the Greater of 4% Roll-Up to age 85 or Annual
                                                                                Ratchet to age 85 enhanced death benefit.

            See "Annual administrative charge" in "Charges and                  The annual administrative charge will be deducted
            expenses"                                                           from the value in the variable investment options on
                                                                                a pro rata basis.

            See "Withdrawal charge" in "Charges and expenses"                   The 10% free withdrawal amount applies to full
                                                                                surrenders.

            See "Withdrawal charge" in "Charges and expenses" under             The annuitant has qualified to receive Social
            "Disability, terminal illness, or confinement to nursing            Security disabil- ity benefits as certified by the
            home"                                                               Social Security Administration or a statement from
                                                                                an independent U.S. licensed physician stating that
                                                                                the annuitant meets the definition of total dis-
                                                                                ability for at least 6 continuous months prior to
                                                                                the notice of claim. Such disability must be
                                                                                re-certified every 12 months.

- ------------------------------------------------------------------------------------------------------------------------------------




G-2 Appendix VII: State contract availability and/or variations of certain
features and benefits



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS


                                                                           Page
Who is AXA Equitable?                                                       2
Unit Values                                                                 2

Custodian and Independent Registered Public Accounting Firm                 2
Distribution of the Contracts                                               2

Financial Statements                                                        3


How to obtain an Accumulator(R) Elite(SM) Statement of Additional Information
for Separate Account No. 49

Send this request form to:
 Accumulator(R) Elite(SM)
 P.O. Box 1547
 Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------

Please send me an Accumulator(R) Elite(SM) SAI for Separate Account No. 49 dated
                                                       May 1, 2007.


- --------------------------------------------------------------------------------
Name:

- --------------------------------------------------------------------------------
Address:

- --------------------------------------------------------------------------------
City           State    Zip


                        X01481/Elite '02, '04, '06, Jumpstart '07 and '07 Series




Accumulator(R) Plus(SM)
A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) PLUS(SM)?

Accumulator(R) Plus(SM) is a deferred annuity contract issued by AXA EQUITABLE
LIFE INSURANCE COMPANY. It provides for the accumulation of retirement savings
and for income. The contract offers death benefit protection and a number of
payout options. You invest to accumulate value on a tax-deferred basis in one
or more of our variable investment options, the guaranteed interest option or
fixed maturity options ("investment options"). This contract may not currently
be available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VIII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.



                                     
- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++




(1)  The "AXA Allocation" portfolios.

*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name. ** This investment option will be
     available on or about May 29, 2007, subject to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust, or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.


You may also allocate amounts to the guaranteed interest option and the fixed
maturity options, which are discussed later in this Prospectus.

TYPES OF CONTRACTS. We offer the contracts for use as:

o A nonqualified annuity ("NQ") for after-tax contributions only.

o An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
  IRA") or Roth IRA ("Roth Conversion IRA").

o An annuity that is an investment vehicle for a qualified defined contribution
  plan ("QP") (Rollover and direct transfer contributions only).

o An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
  ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $10,000 is required to purchase a contract. We add
an amount ("credit") to your contract with each contribution you make. Expenses
for this contract may be higher than for a comparable contract without a
credit. Over time, the amount of the credit may be more than offset by fees and
charges associated with the credit.


A registration statement relating to this offering has been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.

Although this Prospectus is primarily designed for potential purchasers of the
contract, you may have previously purchased a contract and be receiving this
Prospectus as a current contract owner. If you are a current contract owner,
you should note that the options, features and charges of the contract may have
varied over time (and, as noted above, may vary depending on your state) and
you may not change your contract or its features as issued. For more
information about the particular options, features and charges applicable to
you, please contact your financial professional and/or refer to your contract
and/or see Appendix IX for contract variations later in this Prospectus.


                                                      X01487/Plus '02/'04 Series





Contents of this Prospectus
- --------------------------------------------------------------------



- --------------------------------------------------------------------------------
(Not all of the features listed are available under all contracts or in all
states.)
- --------------------------------------------------------------------------------

ACCUMULATOR(R) PLUS(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) Plus(SM) at a glance -- key features                          9

- --------------------------------------------------------------------------------
FEE TABLE                                                                   12
- --------------------------------------------------------------------------------
Example                                                                     16
Condensed financial information                                             19

- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           20
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        20
Owner and annuitant requirements                                            23
How you can make your contributions                                         23
What are your investment options under the contract?                        23
Portfolios of the Trusts                                                    24
Allocating your contributions                                               30
Credits                                                                     33
Guaranteed minimum death benefit and Guaranteed
     minimum income benefit base                                            34
Annuity purchase factors                                                    35

Guaranteed minimum income benefit option*                                   35

Guaranteed minimum death benefit                                            38
Principal Protector(SM)                                                     39
Your right to cancel within a certain number of days                        42

- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        43
- --------------------------------------------------------------------------------
Your account value and cash value                                           43
Your contract's value in the variable investment options                    43
Your contract's value in the guaranteed interest option                     43
Your contract's value in the fixed maturity options                         43

Insufficient account value                                                  43


- ----------------------

*Depending on when you purchased your contract, this benefit may be called the
"Living Benefit." Accordingly, if applicable, all references to the Guaranteed
minimum income benefit in this Prospectus and any related registration statement
documents are references to the Living Benefit.

"We," "our," and "us" refer to AXA Equitable.


When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

2  Contents of this Prospectus



- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG THE INVESTMENT OPTIONS                     45
- --------------------------------------------------------------------------------
Transferring your account value                                             45
Disruptive transfer activity                                                45

Rebalancing your account value                                              46


- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     48
- --------------------------------------------------------------------------------
Withdrawing your account value                                              48
How withdrawals are taken from your account value                           49
How withdrawals (and transfers out of the Special 10 year fixed
     maturity option) affect your Guaranteed minimum income
   benefit, Guaranteed minimum death benefit and
   Guaranteed principal benefit option 2                                    49
How withdrawals affect Principal Protector(SM)                              50
Withdrawals treated as surrenders                                           50
Loans under Rollover TSA contracts                                          50
Surrendering your contract to receive its cash value                        51
When to expect payments                                                     51
Your annuity payout options                                                 52

- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     55
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          55
Charges that the Trusts deduct                                              59
Group or sponsored arrangements                                             59
Other distribution arrangements                                             59

- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 60
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     60
How death benefit payment is made                                           61
Beneficiary continuation option                                             62

- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          66
- --------------------------------------------------------------------------------
Overview                                                                    66
Buying a contract to fund a retirement arrangement                          66
Transfers among variable investment options                                 66
Taxation of nonqualified annuities                                          66
Individual retirement arrangements (IRAs)                                   68
Tax-Sheltered Annuity contracts (TSAs)                                      77
Federal and state income tax withholding and information
     reporting                                                              81
Special rules for contracts funding qualified plans                         82

Impact of taxes to AXA Equitable                                            82


- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         83
- --------------------------------------------------------------------------------
About Separate Account No. 49                                               83
About the Trusts                                                            83
About our fixed maturity options                                            83
About the general account                                                   84
About other methods of payment                                              85
Dates and prices at which contract events occur                             85
About your voting rights                                                    86
About legal proceedings                                                     86
Financial statements                                                        86
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          86

About Custodial IRAs                                                        87
Distribution of the contracts                                               87


- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          89
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
I    -- Condensed financial information                                     A-1
II   -- Purchase considerations for QP contracts                            B-1
III  -- Market value adjustment example                                     C-1
IV   -- Enhanced death benefit example                                      D-1
V    -- Hypothetical illustrations                                          E-1
VI   -- Guaranteed principal benefit example                                F-1
VII  -- Protection Plus(SM) example                                         G-1
VIII -- State contract availability and/or variations
        of certain features and benefits                                    H-1
IX   -- Contract variations                                                 I-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3



Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.




                                                                Page
                                                             
   6% Roll-Up to age 85 enhanced death benefit                    34
   account value                                                  43
   administrative charge                                          55
   annual administrative charge                                   55
   Annual Ratchet to age 85 enhanced death benefit                34
   annuitant                                                      20
   annuitization                                                  52
   annuity maturity date                                          53
   annuity payout options                                         52
   annuity purchase factors                                       35
   automatic investment program                                   85
   beneficiary                                                    60
   Beneficiary continuation option ("BCO")                        62
   benefit base                                                   34
   business day                                                   85
   cash value                                                     43
   charges for state premium and other applicable taxes           59
   contract date                                                  23
   contract date anniversary                                      23
   contract year                                                  23
   Contributions to Roth IRAs                                     74
      regular contributions                                       74
      rollovers and transfers                                     75
      conversion contributions                                    75
   contributions to traditional IRAs                              69
      regular contributions                                       69
      rollovers and transfers                                     70
   credit                                                         33
   disability, terminal illness or confinement to nursing home    56
   disruptive transfer activity                                   45
   distribution charge                                            55
   EQAccess                                                        7
   ERISA                                                          50
   Fixed-dollar option                                            32
   fixed maturity options                                         29
   free look                                                      42
   free withdrawal amount                                         56
   general account                                                84
   General dollar cost averaging                                  32
   guaranteed interest option                                     29
   Guaranteed minimum death benefit                               38
   Guaranteed minimum death benefit charge                        57
   Guaranteed minimum death benefit/guaranteed
      minimum income benefit roll-up benefit base
      reset option                                                35
   Guaranteed minimum income benefit                              35
   Guaranteed minimum income benefit "no lapse guarantee"         36
   Guaranteed minimum income benefit charge                       58




                                                                Page
                                                             
   Guaranteed principal benefits                                  30
   IRA                                                         cover
   IRS                                                            66
   Investment simplifier                                          32
   lifetime required minimum distribution withdrawals             49
   loan reserve account                                           51
   loans under Rollover TSA                                       50
   market adjusted amount                                         29
   market value adjustment                                        29
   market timing                                                  45
   maturity dates                                                 29
   maturity value                                                 29
   Mortality and expense risks charge                             55
   NQ                                                          cover
   Optional step up charge                                        58
   partial withdrawals                                            48
   portfolio                                                   cover
   Principal assurance                                            30
   processing office                                               7
   Principal Protector(SM)                                        39
   Principal Protector(SM) charge                                 58
   Protection Plus(SM)                                            58
   Protection Plus(SM) charge                                     58
   QP                                                          cover
   rate to maturity                                               29
   Rebalancing                                                    46
   Rollover IRA                                                cover
   Rollover TSA                                                cover
   Roth Conversion IRA                                         cover
   Roth IRA                                                    cover
   SAI                                                         cover
   SEC                                                         cover
   self-directed allocation                                       30
   Separate Account No. 49                                        83
   Spousal protection                                             62
   Standard death benefit                                         34
   substantially equal withdrawals                                48
   Successor owner and annuitant                                  61
   systematic withdrawals                                         48
   TOPS                                                            7
   TSA                                                         cover
   traditional IRA                                             cover
   Trusts                                                         83
   unit                                                           43
   variable investment options                                    23
   wire transmittals and electronic applications                  85
   withdrawal charge                                              56



4  Index of key words and phrases




To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Also, depending on when you purchased your
contract, some of these may not apply to you or may be named differently under
your contract. Your financial professional can provide further explanation
about your contract or supplemental materials.





- --------------------------------------------------------------------------------------------
 Prospectus                           Contract or Supplemental Materials
- --------------------------------------------------------------------------------------------
                                  
  fixed maturity options             Guarantee Periods (Guaranteed Fixed Interest Accounts
                                     in supplemental materials)
  variable investment options        Investment Funds
  account value                      Annuity Account Value
  rate to maturity                   Guaranteed Rates
  unit                               Accumulation Unit
  Guaranteed minimum death benefit   Guaranteed death benefit
  Guarantee minimum income benefit   Guaranteed Income Benefit or Living Benefit
  guaranteed interest option         Guaranteed Interest Account
  Principal Protector(SM)            Guaranteed withdrawal benefit
  GWB benefit base                   Principal Protector(SM) benefit base
  GWB Annual withdrawal amount       Principal Protector(SM) Annual withdrawal amount
  GWB Annual withdrawal option       Principal Protector(SM) Annual withdrawal option
  GWB Excess withdrawal              Principal Protector(SM) Excess withdrawal
- --------------------------------------------------------------------------------------------



                                                Index of key words and phrases 5



Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


6  Who is AXA Equitable?



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.



- --------------------------------------------------------------------------------
FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDITIONAL CONTRIBUTIONS SENT BY
REGULAR MAIL:
- --------------------------------------------------------------------------------


Accumulator(R) Plus(SM)
P.O. Box 13014
Newark, NJ 07188-0014



- --------------------------------------------------------------------------------
FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDITIONAL CONTRIBUTIONS SENT BY
EXPRESS DELIVERY:
- --------------------------------------------------------------------------------


Accumulator(R) Plus(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL OTHER COMMUNICATIONS (E.G.,
REQUESTS FOR TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Plus(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL OTHER COMMUNICATIONS (E.G.,
REQUESTS FOR TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS
DELIVERY:
- --------------------------------------------------------------------------------


Accumulator(R) Plus(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------

o   written confirmation of financial transactions;

o   statement of your contract values at the close of each calendar year and any
    calendar quarter in which there was a financial transaction; and


o   annual statement of your contract values as of the close of the contract
    year, including notification of eligibility to exercise the Guaranteed
    minimum income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------

TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o   your current account value;

o   your current allocation percentages;

o   the number of units you have in the variable investment options;

o   rates to maturity for the fixed maturity options;

o   the daily unit values for the variable investment options; and

o   performance information regarding the variable investment options (not
    available through TOPS).

You can also:

o   change your allocation percentages and/or transfer among the variable
    investment options;

o   elect to receive certain contract statements electronically;

o   change your address (not available through TOPS);

o   change your TOPS personal identification number ("PIN") (through TOPS only)
    and your EQAccess password (through EQAccess only); and

o   access Frequently Asked Questions and Service Forms (not available through
    TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.


We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of any
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.


We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

                                                        Who is AXA Equitable?  7



- --------------------------------------------------------------------------------
CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts;

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;

(14) requests to reset your Roll-Up benefit base (for certain contracts with
     both the Guaranteed minimum income benefit and the Greater of the 6%
     Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death benefit);


(15) requests to step up your Guaranteed withdrawal benefit ("GWB") benefit
     base, if applicable, under the Optional step up provision;

(16) requests to terminate or reinstate your GWB, if applicable, under the
     Beneficiary continuation option, if applicable;

(17) death claims;

(18) change in ownership (NQ only), if available under your contract; and

(19) enrollment in our "automatic required minimum distribution (RMD) service."



WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between variable investment options;

(4)  contract surrender and withdrawal requests; and

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options)

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  dollar cost averaging (including the fixed dollar amount and interest sweep
     options);

(3)  rebalancing;

(4)  substantially equal withdrawals;

(5)  systematic withdrawals; and

(6)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners both must sign.


8  Who is AXA Equitable?




Accumulator(R) Plus(SM) at a glance -- key features


- --------------------------------------------------------------------------------


- --------------------------------------

(Not all of the features listed are available under all contracts or in all
states.)
- --------------------------------------------------------------------------------




                                               
Professional investment      Accumulator(R) Plus(SM) variable investment options invest in different portfolios managed by
management                   professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options       o Fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years
                               (subject to availability).
                             o Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                               maturity.
                             o Special 10 year fixed maturity option (available under Guaranteed principal benefit option 2
                               only).
                             -------------------------------------------------------------------------------------------------------
                             If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a
                             market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                             portion of a fixed maturity amount, this may increase or decrease any value that you have left in that
                             fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest          o Principal and interest guarantees.
option                       o Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations           o No tax on earnings inside the contract until you make withdrawals from your contract or
                               receive annuity payments.
                             o No tax on transfers among variable investment options inside the contract.
                             -------------------------------------------------------------------------------------------------------
                             If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax Sheltered
                             Annuity (TSA), or to fund an employer retirement plan (QP or Qualified Plan), you should be aware that
                             such annuities do not provide tax deferral benefits beyond those already provided by the Internal
                             Revenue Code. Before purchasing one of these annuities, you should consider whether its features and
                             benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative
                             features, benefits and costs of these annuities compared with any other investment that you may use in
                             connection with your retirement plan or arrangement. Depending on your personal situation, the
                             contract's guaranteed benefits may have limited usefulness because of required minimum distributions
                             ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum           The Guaranteed minimum income benefit provides income protection for you during the annuitant's
income benefit (or "Living   life once you elect to annuitize the contract.
Benefit")
- ------------------------------------------------------------------------------------------------------------------------------------
Principal Protector(SM)      Principal Protector(SM) is our optional Guaranteed withdrawal benefit ("GWB"), which provides for
                             recovery of your total contributions through withdrawals, even if your account value falls to zero,
                             provided that during each contract year, your total withdrawals do not exceed a specified amount. This
                             feature may not be available under your contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts         o Initial minimum:      $10,000
                             o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                     $100 monthly and $300 quarterly under our automatic investment program
                                                     (NQ contracts)
                                                     $50 (IRA contracts)
                             -------------------------------------------------------------------------------------------------------
                             Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million. See
                             "How you can purchase and contribute to your contract" in "Contract features and benefits" later in
                             this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Credit                       We allocate your contributions to your account value. We allocate a credit to your account value at the
                             same time that we allocate your contributions. The credit will apply to additional contribution amounts
                             only to the extent that those amounts exceed total withdrawals from the contract. The amount of credit
                             may be up to 5% of each contribution, depending on certain factors. The credit is subject to recovery
                             by us in certain limited circumstances. Please see Appendix IX later in this Prospectus for more
                             information about contract variations relating to credit and credit recovery.
- ------------------------------------------------------------------------------------------------------------------------------------



                           Accumulator(R) Plus(SM) at a glance -- key features 9





                            
- ------------------------------------------------------------------------------------------------------------------------------------
Access to your money           o Partial withdrawals
                               o Several withdrawal options on a periodic basis
                               o Loans under Rollover TSA contracts
                               o Contract surrender

                               You may incur a withdrawal charge for certain withdrawals or if you surrender your contract. You may
                               also incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional
                               benefits.
- ------------------------------------------------------------------------------------------------------------------------------------
Payout options                 o Fixed annuity payout options
                               o Variable Immediate Annuity payout options (described in a separate prospectus for that option)
                               o Income Manager(SM) payout options (described in a separate prospectus for that option)
- ------------------------------------------------------------------------------------------------------------------------------------
Additional features*           o Guaranteed minimum death benefit options
                               o Guaranteed principal benefit options (including Principal assurance)
                               o Dollar cost averaging
                               o Automatic investment program
                               o Account value rebalancing (quarterly, semiannually, and annually)
                               o Free transfers
                               o Waiver of withdrawal charge for disability, terminal illness, confinement to a nursing home and
                                 certain other withdrawals
                               o Protection Plus(SM), an optional death benefit available under certain contracts (subject to state
                                 availability)
                               o Spousal protection (not available under certain contracts)
                               o Successor owner/annuitant
                               o Beneficiary continuation option
                               o Guaranteed minimum income benefit no lapse guarantee (available under contracts with applications
                                 that were signed and submitted on or after January 1, 2005 subject to state availability)
                               o Guaranteed minimum death benefit/guaranteed minimum income benefit roll-up benefit base reset
                                 (available under contracts with applications that were signed and submitted on or after October 1,
                                 2005 subject to state availability)

*    Not all features are available under all contracts. Please see Appendix IX later in this Prospectus for more information.

- ------------------------------------------------------------------------------------------------------------------------------------
Fees and charges+              o Daily charges on amounts invested in the variable investment options for mortality and expense
                                 risks, administrative, and distribution charges at an annual rate of 1.50%.

                               o The charges for the Guaranteed minimum death benefits range from 0.0% to 0.60%, annually, of the
                                 applicable benefit base. The benefit base is described under "Guaranteed minimum death benefit and
                                 Guaranteed minimum income benefit base" in "Contract features and benefits" later in this
                                 Prospectus.

                               o An annual charge of 0.35% of your account value for the Protection Plus(SM) optional death benefit.

                               o An annual charge of 0.35% of your account value for the 5% GWB Annual withdrawal option (if
                                 available) or 0.50% of your account value for the 7% GWB Annual withdrawal option (if available)
                                 for the Principal Protector(SM) benefit. If you "step up" your GWB benefit base, we reserve the
                                 right to raise the charge up to 0.60% and 0.80%, respectively. See "Principal Protector(SM)" in
                                 "Contract features and benefits" later in this Prospectus.

                               o An annual charge of 0.65% of the applicable benefit base charge for the optional Guaranteed minimum
                                 income benefit, until you exercise the benefit, elect another annuity payout or the contract date
                                 anniversary after the annuitant reaches age 85, whichever occurs first. The benefit base is
                                 described under "Guaranteed minimum death benefit and Guaranteed minimum income benefit base" in
                                 "Contract features and benefits" later in this Prospectus.

                               o An annual charge for the optional Guaranteed principal benefit option 2 (if available) deducted on
                                 the first 10 contract date anniversaries equal to 0.50% of account value.



10 Accumulator(R) Plus(SM) at a glance -- key features





                            
- ------------------------------------------------------------------------------------------------------------------------------------
Fees and charges                 o If your account value at the end of the contract year is less than $50,000, we deduct an annual
(continued)                        administrative charge equal to $30, or during the first two contract years, 2% of your account
                                   value, if less. If your account value on the contract date anniversary, is $50,000 or more, we
                                   will not deduct the charge.

                                 o No sales charge deducted at the time you make the time you make contributions.

                                 o During the first eight contract years following a  contribution, a charge will be deducted from
                                   amounts that you withdraw that exceed 10% of your account value. We use the account value at
                                   the beginning of each contract year to calculate the 10% amount available. The charge is 8% in
                                   each of the first two contract years following a contribution; the charge is 7% in the third
                                   and fourth contract years following a contribution; thereafter, it declines by 1% each year in
                                   the fifth to eighth contract year following a contribution. There is no withdrawal charge in
                                   the ninth and later contract years following a contribution. Certain other exemptions may
                                   apply. Certain contracts may provide for a higher free withdrawal amount. See Appendix IX later
                                   in this Prospectus for the free withdrawal amount that applies to your contract.

                                 ---------------------------------------------------------------------------------------------------
                                 The "contract date" is the effective date of a contract. This usually is the business day we
                                 receive the properly completed and signed application, along with any other required documents, and
                                 your initial contribution. Your contract date will be shown in your contract. The 12-month period
                                 beginning on your contract date and each 12-month period after that date is a "contract year." The
                                 end of each 12-month period is your "contract date anniversary." For example, if your contract date
                                 is May 1, your contract date anniversary is April 30.
                                 ---------------------------------------------------------------------------------

                                 o We deduct a charge designed to approximate certain taxes that may be imposed on us, such as
                                   premium taxes in your state. This charge is generally deducted from the amount applied to an
                                   annuity payout option.

                                 o We currently deduct a $350 annuity administrative fee from amounts applied to purchase the
                                   variable immediate annuitization payout option. This option is described in a separate prospectus
                                   that is available from your financial professional.

                                 o Annual expenses of the Trusts' portfolios are calculated as a percentage of the average daily net
                                   assets invested in each portfolio. Please see "Fee Table" later in this Prospectus for details.

+ The fees and charges shown in this section are the maximum charges a contract owner will pay. Please see your contract for the
  fees and charges that apply to you. Also, some of the optional benefits may not be available under your contract.

- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant issue ages              NQ: 0-80
                                  Rollover IRA, Roth Conversion
                                  IRA and Rollover TSA: 20-80
                                  QP: 20-70
- ------------------------------------------------------------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VIII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.

OTHER CONTRACTS


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


                          Accumulator(R) Plus(SM) at a glance -- key features 11



Fee table

- --------------------------------------------------------------------------------


The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus. The
fees and charges shown in this section are the maximum fees and charges that a
contract owner will pay. Please see your contract and/or Appendix IX later in
this Prospectus for the fees and charges that apply under your contract.

If you are a prospective contract owner, all features listed below may not be
currently available. Similarly, if you are a current contract owner, all
features listed below may not have been available at the time you purchased
your contract. See Appendix IX later in this Prospectus for more information.

The first table describes fees and expenses that you will pay at the time you
surrender the contract or if you make certain withdrawals or apply your cash
value to certain payout options or if you purchase a Variable Immediate
Annuity. Charges designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state, may also apply.




                                                                         
- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain  transactions
- ------------------------------------------------------------------------------------------------------------------------------------
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract, make certain
withdrawals, or apply your cash value to certain payout options).(1)        8.00%

Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                      $ 350
- ------------------------------------------------------------------------------------------------------------------------------------

The next table describes the fees and expenses that you will pay periodically during the
time that you own the contract, not including the underly-
ing trust portfolio fees and expenses.

- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- ------------------------------------------------------------------------------------------------------------------------------------
Maximum annual administrative charge(2)
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                               $  30
   If your account value on a contract date anniversary is $50,000
   or more                                                                  $   0
- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your variable investment options expressed as an annual
  percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and expense risks                                                 0.90%(4)
Administrative                                                              0.35%
Distribution                                                                0.25%
                                                                            -----
Total Separate account annual expenses                                      1.50%
- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value each year if you elect any of the following
  optional benefits
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)

   Standard death benefit                                                   0.00%

   Annual Ratchet to age 85                                                 0.30% of the Annual Ratchet to age 85 benefit base
                                                                            (maximum); 0.25% (current)

   6% Roll-Up to age 85                                                     0.45% of the 6% Roll-Up to age 85 benefit base

   Greater of 5% Roll-Up to age 85 or Annual Ratchet to age 85              0.50% of the greater of 5% Roll-Up to age 85 benefit
                                                                            base of the Annual Ratchet to age 85 benefit base, as
                                                                            applicable.

   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85              0.60% of the greater of 6% Roll-Up to age 85 benefit
                                                                            base or the Annual Ratchet to age 85 benefit base, as
                                                                            applicable
- ------------------------------------------------------------------------------------------------------------------------------------



12 Fee table





                                                                                   
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed principal benefit charge for option 2 (calculated as
a percentage of the account value. Deducted annually(2) on the first 10
contract date anniversaries.)                                                         0.50%
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum income benefit (or "Living Benefit")
charge (calculated as a percentage of the applicable benefit base.
Deducted annually(2) on each contract date anniversary for which the
benefit is in effect.)                                                                0.65%
- ------------------------------------------------------------------------------------------------------------------------------------
Protection Plus(SM) benefit charge (calculated as a percentage of
the account value. Deducted annually(2) on each contract date anniver-
sary for which the benefit is in effect.)                                             0.35%
- ------------------------------------------------------------------------------------------------------------------------------------
Principal Protector(SM) benefit charge(2) (calculated as a percentage                 0.35% for the 5% GWB Annual withdrawal option
of the account value. Deducted annually on each contract date anniver-
sary, provided your GWB benefit base is greater than zero.)                           0.50% for the 7% GWB Annual withdrawal option

If you "step up" your GWB benefit base, we reserve the right to                       0.60% for the 5% GWB Annual withdrawal option
increase your charge up to:
                                                                                      0.80% for the 7% GWB Annual withdrawal option

Please see "Principal Protector(SM)" in "Contract features and benefits" for more information about this feature, including its
benefit base and the Optional step up provision, and "Principal Protector(SM) charge" in "Charges and expenses," both later in
this Prospectus, for more information about when the charge applies.

- ------------------------------------------------------------------------------------------------------------------------------------
Net loan interest charge -- Rollover TSA contracts only (calcu-
lated and deducted daily as a percentage of the outstanding loan
amount)                                                                                    2.00%(5)
- ------------------------------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.



- ------------------------------------------------------------------------------------------------------------------------------------
 Portfolio operating expenses expressed as an annual percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or  ------     -------
other expenses)(6)                                                                 0.63%      3.15%




This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.





- --------------------------------------------------------------------------------
                                     Manage-
                                      ment      12b-1     Other
 Portfolio Name                      Fees(7)   Fees(8)  Expenses(9)
- --------------------------------------------------------------------------------
                                                  
 AXA Premier VIP Trust:
- --------------------------------------------------------------------------------
AXA Aggressive Allocation             0.10%      0.25%     0.18%
AXA Conservative Allocation           0.10%      0.25%     0.22%
AXA Conservative-Plus Allocation      0.10%      0.25%     0.18%
AXA Moderate Allocation               0.10%      0.25%     0.17%
AXA Moderate-Plus Allocation          0.10%      0.25%     0.17%
Multimanager Aggressive Equity *      0.61%      0.25%     0.19%
Multimanager Core Bond*               0.59%      0.25%     0.18%
Multimanager Health Care*             1.20%      0.25%     0.23%
Multimanager High Yield*              0.58%      0.25%     0.18%
Multimanager International Equity*    1.02%      0.25%     0.26%
Multimanager Large Cap Core Equity*   0.90%      0.25%     0.20%
Multimanager Large Cap Growth*        0.90%      0.25%     0.22%
Multimanager Large Cap Value*         0.88%      0.25%     0.22%
Multimanager Mid Cap Growth*          1.10%      0.25%     0.20%
Multimanager Mid Cap Value*           1.10%      0.25%     0.21%


- -----------------------------------------------------------------------------------------------------
                                    Acquired                                         Net Total
                                      Fund          Total Annual     Fee Waivers       Annual
                                    Fees and          Expenses         and/or         Expenses
                                    Expenses          (Before          Expense         (After
                                  (Underlying         Expense        Reimburse-       Expense
 Portfolio Name                  Portfolios)(10)    Limitations)      ments(11)     Limitations)
- -----------------------------------------------------------------------------------------------------
                                                                           
 AXA Premier VIP Trust:
- -----------------------------------------------------------------------------------------------------
AXA Aggressive Allocation             0.91%             1.44%           (0.18)%        1.26%
AXA Conservative Allocation           0.67%             1.24%           (0.22)%        1.02%
AXA Conservative-Plus Allocation      0.72%             1.25%           (0.18)%        1.07%
AXA Moderate Allocation               0.78%             1.30%           (0.17)%        1.13%
AXA Moderate-Plus Allocation          0.85%             1.37%           (0.17)%        1.20%
Multimanager Aggressive Equity *        --              1.05%              --          1.05%
Multimanager Core Bond*                 --              1.02%           (0.07)%        0.95%
Multimanager Health Care*               --              1.68%            0.00%         1.68%
Multimanager High Yield*                --              1.01%              --          1.01%
Multimanager International Equity*      --              1.53%            0.00%         1.53%
Multimanager Large Cap Core Equity*     --              1.35%            0.00%         1.35%
Multimanager Large Cap Growth*          --              1.37%           (0.02)%        1.35%
Multimanager Large Cap Value*           --              1.35%            0.00%         1.35%
Multimanager Mid Cap Growth*          0.01%             1.56%            0.00%         1.56%
Multimanager Mid Cap Value*           0.03%             1.59%            0.00%         1.59%



                                                                    Fee table 13






- ---------------------------------------------------------------------------------------------
                                                         Manage-
                                                          ment       12b-1      Other
 Portfolio Name                                          Fees(7)    Fees(8)  Expenses(9)
- ---------------------------------------------------------------------------------------------
                                                                      
Multimanager Technology *                                 1.20%      0.25%     0.23%
- ---------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ---------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%     0.13%
EQ/AllianceBernstein Growth and Income++                  0.56%      0.25%     0.12%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%     0.14%
EQ/AllianceBernstein International                        0.71%      0.25%     0.20%
EQ/AllianceBernstein Large Cap Growth                     0.90%      0.25%     0.11%
EQ/AllianceBernstein Quality Bond                         0.50%      0.25%     0.14%
EQ/AllianceBernstein Small Cap Growth                     0.74%      0.25%     0.13%
EQ/AllianceBernstein Value                                0.60%      0.25%     0.13%
EQ/Ariel Appreciation II                                  0.75%      0.25%     0.51%
EQ/AXA Rosenberg Value Long/Short Equity                  1.40%      0.25%     1.44%
EQ/BlackRock Basic Value Equity*                          0.55%      0.25%     0.14%
EQ/BlackRock International Value*                         0.82%      0.25%     0.21%
EQ/Boston Advisors Equity Income                          0.75%      0.25%     0.15%
EQ/Calvert Socially Responsible                           0.65%      0.25%     0.25%
EQ/Capital Guardian Growth                                0.65%      0.25%     0.16%
EQ/Capital Guardian International+                        0.83%      0.25%     0.21%
EQ/Capital Guardian Research                              0.65%      0.25%     0.13%
EQ/Capital Guardian U.S. Equity++                         0.64%      0.25%     0.14%
EQ/Caywood-Scholl High Yield Bond                         0.60%      0.25%     0.18%
EQ/Davis New York Venture                                 0.85%      0.25%     0.74%
EQ/Equity 500 Index                                       0.25%      0.25%     0.13%
EQ/Evergreen International Bond                           0.70%      0.25%     0.23%
EQ/Evergreen Omega                                        0.65%      0.25%     0.21%
EQ/FI Mid Cap                                             0.68%      0.25%     0.15%
EQ/FI Mid Cap Value+                                      0.73%      0.25%     0.13%
EQ/Franklin Income                                        0.90%      0.25%     0.38%
EQ/Franklin Small Cap Value                               0.90%      0.25%     2.00%
EQ/Franklin Templeton Founding Strategy**                 0.05%      0.25%     0.21%
EQ/GAMCO Mergers and Acquisitions                         0.90%      0.25%     0.33%
EQ/GAMCO Small Company Value                              0.78%      0.25%     0.14%
EQ/International Growth                                   0.85%      0.25%     0.35%
EQ/Janus Large Cap Growth++                               0.90%      0.25%     0.15%
EQ/JPMorgan Core Bond                                     0.44%      0.25%     0.15%
EQ/JPMorgan Value Opportunities                           0.60%      0.25%     0.16%
EQ/Legg Mason Value Equity                                0.65%      0.25%     0.22%
EQ/Long Term Bond                                         0.43%      0.25%     0.15%
EQ/Lord Abbett Growth and Income                          0.65%      0.25%     0.26%
EQ/Lord Abbett Large Cap Core                             0.65%      0.25%     0.41%
EQ/Lord Abbett Mid Cap Value                              0.70%      0.25%     0.18%
EQ/Marsico Focus                                          0.85%      0.25%     0.13%
EQ/MFS Emerging Growth Companies+                         0.65%      0.25%     0.15%
EQ/MFS Investors Trust+                                   0.60%      0.25%     0.16%
EQ/Money Market                                           0.33%      0.25%     0.14%
EQ/Montag & Caldwell Growth                               0.75%      0.25%     0.16%
EQ/Mutual Shares                                          0.90%      0.25%     0.50%
EQ/Oppenheimer Global                                     0.95%      0.25%     1.30%
EQ/Oppenheimer Main Street Opportunity                    0.85%      0.25%     1.58%
EQ/Oppenheimer Main Street Small Cap                      0.90%      0.25%     1.48%
EQ/PIMCO Real Return                                      0.55%      0.25%     0.18%
EQ/Short Duration Bond                                    0.43%      0.25%     0.14%
EQ/Small Cap Value+                                       0.73%      0.25%     0.15%
EQ/Small Company Growth+                                  1.00%      0.25%     0.17%
EQ/Small Company Index                                    0.25%      0.25%     0.16%
EQ/TCW Equity++                                           0.80%      0.25%     0.16%
EQ/Templeton Growth                                       0.95%      0.25%     0.64%
EQ/UBS Growth and Income                                  0.75%      0.25%     0.17%
EQ/Van Kampen Comstock                                    0.65%      0.25%     0.19%
- ---------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
                                                          Acquired                                       Net Total
                                                            Fund         Total Annual     Fee Waivers     Annual
                                                          Fees and         Expenses         and/or       Expenses
                                                          Expenses         (Before          Expense       (After
                                                        (Underlying        Expense        Reimburse-      Expense
 Portfolio Name                                       Portfolios)(10)    Limitations)      ments(11)    Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               
Multimanager Technology *                                   --              1.68%             0.00%        1.68%
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           --              0.85%               --         0.85%
EQ/AllianceBernstein Growth and Income++                    --              0.93%               --         0.93%
EQ/AllianceBernstein Intermediate Government Securities     --              0.89%               --         0.89%
EQ/AllianceBernstein International                          --              1.16%            (0.06)%       1.10%
EQ/AllianceBernstein Large Cap Growth                       --              1.26%            (0.21)%       1.05%
EQ/AllianceBernstein Quality Bond                           --              0.89%               --         0.89%
EQ/AllianceBernstein Small Cap Growth                       --              1.12%               --         1.12%
EQ/AllianceBernstein Value                                  --              0.98%            (0.03)%       0.95%
EQ/Ariel Appreciation II                                    --              1.51%            (0.36)%       1.15%
EQ/AXA Rosenberg Value Long/Short Equity                    --              3.09%            (1.10)%       1.99%
EQ/BlackRock Basic Value Equity*                            --              0.94%             0.00%        0.94%
EQ/BlackRock International Value*                           --              1.28%            (0.03)%       1.25%
EQ/Boston Advisors Equity Income                            --              1.15%            (0.10)%       1.05%
EQ/Calvert Socially Responsible                             --              1.15%            (0.10)%       1.05%
EQ/Capital Guardian Growth                                  --              1.06%            (0.11)%       0.95%
EQ/Capital Guardian International+                          --              1.29%            (0.09)%       1.20%
EQ/Capital Guardian Research                                --              1.03%            (0.08)%       0.95%
EQ/Capital Guardian U.S. Equity++                           --              1.03%            (0.08)%       0.95%
EQ/Caywood-Scholl High Yield Bond                           --              1.03%            (0.03)%       1.00%
EQ/Davis New York Venture                                   --              1.84%            (0.54)%       1.30%
EQ/Equity 500 Index                                         --              0.63%               --         0.63%
EQ/Evergreen International Bond                             --              1.18%            (0.03)%       1.15%
EQ/Evergreen Omega                                          --              1.11%             0.00%        1.11%
EQ/FI Mid Cap                                               --              1.08%            (0.08)%       1.00%
EQ/FI Mid Cap Value+                                        --              1.11%            (0.01)%       1.10%
EQ/Franklin Income                                          --              1.53%            (0.23)%       1.30%
EQ/Franklin Small Cap Value                                 --              3.15%            (1.85)%       1.30%
EQ/Franklin Templeton Founding Strategy**                 1.07%             1.58%            (0.11)%       1.47%
EQ/GAMCO Mergers and Acquisitions                           --              1.48%            (0.03)%       1.45%
EQ/GAMCO Small Company Value                                --              1.17%             0.00%        1.17%
EQ/International Growth                                     --              1.45%             0.00%        1.45%
EQ/Janus Large Cap Growth++                                 --              1.30%            (0.15)%       1.15%
EQ/JPMorgan Core Bond                                       --              0.84%             0.00%        0.84%
EQ/JPMorgan Value Opportunities                             --              1.01%            (0.06)%       0.95%
EQ/Legg Mason Value Equity                                  --              1.12%            (0.12)%       1.00%
EQ/Long Term Bond                                           --              0.83%             0.00%        0.83%
EQ/Lord Abbett Growth and Income                            --              1.16%            (0.16)%       1.00%
EQ/Lord Abbett Large Cap Core                               --              1.31%            (0.31)%       1.00%
EQ/Lord Abbett Mid Cap Value                                --              1.13%            (0.08)%       1.05%
EQ/Marsico Focus                                            --              1.23%            (0.08)%       1.15%
EQ/MFS Emerging Growth Companies+                           --              1.05%               --         1.05%
EQ/MFS Investors Trust+                                     --              1.01%            (0.06)%       0.95%
EQ/Money Market                                             --              0.72%               --         0.72%
EQ/Montag & Caldwell Growth                                 --              1.16%            (0.01)%       1.15%
EQ/Mutual Shares                                            --              1.65%            (0.35)%       1.30%
EQ/Oppenheimer Global                                     0.01%             2.51%            (1.15)%       1.36%
EQ/Oppenheimer Main Street Opportunity                      --              2.68%            (1.38)%       1.30%
EQ/Oppenheimer Main Street Small Cap                        --              2.63%            (1.33)%       1.30%
EQ/PIMCO Real Return                                        --              0.98%            (0.08)%       0.90%
EQ/Short Duration Bond                                      --              0.82%             0.00%        0.82%
EQ/Small Cap Value+                                         --              1.13%            (0.03)%       1.10%
EQ/Small Company Growth+                                    --              1.42%            (0.12)%       1.30%
EQ/Small Company Index                                    0.01%             0.67%             0.00%        0.67%
EQ/TCW Equity++                                             --              1.21%            (0.06)%       1.15%
EQ/Templeton Growth                                         --              1.84%            (0.49)%       1.35%
EQ/UBS Growth and Income                                    --              1.17%            (0.12)%       1.05%
EQ/Van Kampen Comstock                                      --              1.09%            (0.09)%       1.00%
- ------------------------------------------------------------------------------------------------------------------------------------



14 Fee table






- ---------------------------------------------------------------------------
                                          Manage-
                                           ment       12b-1       Other
 Portfolio Name                           Fees(7)   Fees(8)   Expenses(9)
- ---------------------------------------------------------------------------
                                                    
EQ/Van Kampen Emerging Markets Equity   1.12%      0.25%     0.40%
EQ/Van Kampen Mid Cap Growth            0.70%      0.25%     0.23%
EQ/Wells Fargo Montgomery Small Cap++   0.85%      0.25%     0.41%
- ---------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- ---------------------------------------------------------------------------
U.S. Real Estate -- Class II++          0.74%      0.35%     0.27%
- ---------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------
                                            Acquired                                         Net Total
                                              Fund         Total Annual      Fee Waivers      Annual
                                            Fees and         Expenses          and/or        Expenses
                                            Expenses         (Before           Expense        (After
                                          (Underlying        Expense         Reimburse-      Expense
 Portfolio Name                          Portfolios)(10)    Limitations)       ments(11)    Limitations)
- ----------------------------------------------------------------------------------------------------------
                                                                                  
EQ/Van Kampen Emerging Markets Equity          --             1.77%             0.00%         1.77%
EQ/Van Kampen Mid Cap Growth                   --             1.18%            (0.13)%        1.05%
EQ/Wells Fargo Montgomery Small Cap++          --             1.51%            (0.21)%        1.30%
- -----------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- -----------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                 --             1.36%            (0.10)%        1.26%
- -----------------------------------------------------------------------------------------------------------




*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "Contract feature and benefits" later in this Prospectus for the investment
   option's former name.

** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.

++ Please see the supplement included with this Prospectus regarding the planned
   substitution or merger of this Portfolio.


Notes:

(1) Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
   amount, if applicable.



                                                                                        
  The withdrawal charge percentage we use is determined by the contract year in which      Contract
  you make the withdrawal or surrender your contract. For each contribution, we consider   Year
  the contract year in which we receive that contribution to be "contract year 1")         1 .............. 8.00%
                                                                                           2 .............. 8.00%
                                                                                           3 .............. 7.00%
                                                                                           4 .............. 7.00%
                                                                                           5 .............. 6.00%
                                                                                           6 .............. 5.00%
                                                                                           7 .............. 4.00%
                                                                                           8 .............. 3.00%
                                                                                           9+ ............. 0.00%




(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year. If you are an existing contract
     owner, this pro rata deduction may not apply under your contract. See
     Appendix IX later in this Prospectus for more information. For Principal
     Protector(SM) only (if available), if the contract and benefit are
     continued under the Beneficiary continuation option with Principal
     Protector(SM), the pro rata deduction for the Principal Protector(SM)
     charge is waived.

(3)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, if applicable,
     the charge is $30 for each contract year.

(4)  These charges compensate us for certain risks we assume and expenses we
     incur under the contract. They also compensate us for the expense
     associated with the credit. We expect to make a profit from these charges.


(5)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.


(6)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.


(7)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (11) for any expense
     limitation agreement information.

(8)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940. For the portfolios of AXA Premier
     VIP Trust and EQ Advisors Trust, the 12b-1 fees will not be increased for
     the life of the contract.


(9)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (11) for any expense limitation agreement
     information.



(10) Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(11) The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.0%" indicates that the expense limitation
     arrangement did not result in a fee waiver reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. Morgan
     Stanley Investment Management Inc., which does business in certain
     instances as "Van Kampen," is the manager of The Universal Institutional
     Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
     agreed to reduce its management fee and/or reimburse the Portfolio so that
     total annual operating expenses of the Portfolio (exclusive of investment
     related expenses, such as foreign country tax expense and interest expense
     on amounts borrowed) are not more than specified amounts. Additionally, the
     distributor of The Universal Institutional Funds, Inc. has agreed to waive
     a portion of the 12b-1 fee for Class II shares. Van Kampen and/or the
     fund's distributor reserves the right to terminate any waiver and/or
     reimbursement at any time without notice. See the prospectus for each
     applicable underlying Trust for more information about the arrangements. In
     addition, a portion of the brokerage commissions of certain portfolios of
     AXA Premier VIP Trust and EQ Advisors Trust is used to reduce the
     applicable Portfolio's expenses. If the above table reflected both the
     expense limitation arrangements, plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:



- ---------------------------------------------
                 Portfolio Name
- ---------------------------------------------
   Multimanager Aggressive Equity      1.03%
- ---------------------------------------------
   Multimanager Health Care            1.63%
- ---------------------------------------------
   Multimanager International Equity   1.52%
- ---------------------------------------------


                                                                    Fee table 15




- ---------------------------------------------------
Portfolio Name
- ---------------------------------------------------
   Multimanager Large Cap Core Equity       1.33%
- ---------------------------------------------------
   Multimanager Large Cap Growth            1.33%
- ---------------------------------------------------
   Multimanager Large Cap Value             1.31%
- ---------------------------------------------------
   Multimanager Mid Cap Growth              1.52%
- ---------------------------------------------------
   Multimanager Mid Cap Value               1.58%
- ---------------------------------------------------
   Multimanager Technology                  1.64%
- ---------------------------------------------------
   EQ/AllianceBernstein Common Stock        0.83%
- ---------------------------------------------------
   EQ/AllianceBernstein Growth and Income   0.92%
- ---------------------------------------------------
   EQ/AllianceBernstein Large Cap Growth    1.03%
- ---------------------------------------------------
   EQ/AllianceBernstein Small Cap Growth    1.11%
- ---------------------------------------------------
   EQ/AllianceBernstein Value               0.94%
- ---------------------------------------------------
   EQ/Ariel Appreciation II                 1.01%
- ---------------------------------------------------
   EQ/BlackRock Basic Value Equity          0.93%
- ---------------------------------------------------
   EQ/Capital Guardian Growth               0.94%
- ---------------------------------------------------
   EQ/Capital Guardian Research             0.94%
- ---------------------------------------------------
   EQ/Capital Guardian U.S. Equity          0.94%
- ---------------------------------------------------
   EQ/Davis New York Venture                1.27%
- ---------------------------------------------------
   EQ/Evergreen Omega                       1.05%
- ---------------------------------------------------
   EQ/FI Mid Cap                            0.97%
- ---------------------------------------------------
   EQ/FI Mid Cap Value                      1.09%
- ---------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions        1.37%
- ---------------------------------------------------
   EQ/GAMCO Small Company Value             1.16%
- ---------------------------------------------------
   EQ/Janus Large Cap Growth                1.14%
- ---------------------------------------------------
   EQ/Legg Mason Value Equity               0.97%
- ---------------------------------------------------
   EQ/Lord Abbett Growth and Income         0.99%
- ---------------------------------------------------
   EQ/Lord Abbett Large Cap Core            0.99%
- ---------------------------------------------------
   EQ/Marsico Focus                         1.14%
- ---------------------------------------------------
   EQ/MFS Emerging Growth Companies         1.03%
- ---------------------------------------------------
   EQ/MFS Investors Trust                   0.94%
- ---------------------------------------------------
   EQ/Montag & Caldwell Growth              1.13%
- ---------------------------------------------------
   EQ/Mutual Shares                         1.30%
- ---------------------------------------------------
   EQ/Small Cap Value                       1.02%
- ---------------------------------------------------
   EQ/UBS Growth and Income                 1.03%
- ---------------------------------------------------
   EQ/Van Kampen Comstock                   0.99%
- ---------------------------------------------------
   EQ/Van Kampen Emerging Markets Equity    1.75%
- ---------------------------------------------------
   EQ/Van Kampen Mid Cap Growth             1.01%
- ---------------------------------------------------
   EQ/Wells Fargo Montgomery Small Cap      1.20%
- ---------------------------------------------------



EXAMPLE


This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the Guaranteed minimum income benefit with the enhanced death
benefit that provides for the greater of the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85 and Protection Plus(SM)) would pay in the situations
illustrated. The example uses an average annual administrative charge based on
the charges paid in 2006, which results in an estimated administrative charge
of .01% of contract value.


The fixed maturity options and guaranteed interest option are not covered by
the examples. However, the annual administrative charge, the withdrawal charge,
the charge for any optional benefits and the charge if you elect a Variable
Immediate Annuity payout option do apply to the fixed maturity options and
guaranteed interest option. A market value adjustment (up or down) may apply as
a result of a withdrawal, transfer, or surrender of amounts from a fixed
maturity option.

The example assumes that you invest $10,000 in the contract for the time
periods indicated and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above) the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance.

Although your actual cost may be higher or lower, based on these assumptions,
your cost would be:

16 Fee table






- ------------------------------------------------------------------------------------------------------------------------------------
                                                               If you surrender your contract at the end of the
                                                                            applicable time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                                            1 year        3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                           
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 $ 1,293.00     $ 2,205.00     $ 3,155.00     $ 5,356.00
AXA Conservative Allocation                               $ 1,271.00     $ 2,142.00     $ 3,053.00     $ 5,171.00
AXA Conservative-Plus Allocation                          $ 1,272.00     $ 2,145.00     $ 3,058.00     $ 5,180.00
AXA Moderate Allocation                                   $ 1,278.00     $ 2,161.00     $ 3,084.00     $ 5,227.00
AXA Moderate-Plus Allocation                              $ 1,285.00     $ 2,183.00     $ 3,120.00     $ 5,292.00
Multimanager Aggressive Equity*                           $ 1,250.00     $ 2,081.00     $ 2,955.00     $ 4,991.00
Multimanager Core Bond*                                   $ 1,247.00     $ 2,072.00     $ 2,939.00     $ 4,963.00
Multimanager Health Care*                                 $ 1,319.00     $ 2,281.00     $ 3,277.00     $ 5,573.00
Multimanager High Yield*                                  $ 1,246.00     $ 2,069.00     $ 2,934.00     $ 4,953.00
Multimanager International Equity*                        $ 1,303.00     $ 2,234.00     $ 3,201.00     $ 5,438.00
Multimanager Large Cap Core Equity*                       $ 1,283.00     $ 2,177.00     $ 3,109.00     $ 5,273.00
Multimanager Large Cap Growth*                            $ 1,285.00     $ 2,183.00     $ 3,120.00     $ 5,292.00
Multimanager Large Cap Value*                             $ 1,283.00     $ 2,177.00     $ 3,109.00     $ 5,273.00
Multimanager Mid Cap Growth*                              $ 1,306.00     $ 2,243.00     $ 3,216.00     $ 5,465.00
Multimanager Mid Cap Value*                               $ 1,309.00     $ 2,253.00     $ 3,231.00     $ 5,492.00
Multimanager Technology*                                  $ 1,319.00     $ 2,281.00     $ 3,277.00     $ 5,573.00
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         $ 1,229.00     $ 2,017.00     $ 2,851.00     $ 4,799.00
EQ/AllianceBernstein Growth and Income++                  $ 1,237.00     $ 2,043.00     $ 2,893.00     $ 4,876.00
EQ/AllianceBernstein Intermediate Government Securities   $ 1,233.00     $ 2,030.00     $ 2,872.00     $ 4,838.00
EQ/AllianceBernstein International                        $ 1,262.00     $ 2,116.00     $ 3,012.00     $ 5,096.00
EQ/AllianceBernstein Large Cap Growth                     $ 1,273.00     $ 2,148.00     $ 3,063.00     $ 5,190.00
EQ/AllianceBernstein Quality Bond                         $ 1,233.00     $ 2,030.00     $ 2,872.00     $ 4,838.00
EQ/AllianceBernstein Small Cap Growth                     $ 1,258.00     $ 2,104.00     $ 2,991.00     $ 5,058.00
EQ/AllianceBernstein Value                                $ 1,243.00     $ 2,059.00     $ 2,919.00     $ 4,924.00
EQ/Ariel Appreciation II                                  $ 1,300.00     $ 2,228.00     $ 3,191.00     $ 5,420.00
EQ/AXA Rosenberg Value Long/Short Equity                  $ 1,473.00     $ 2,719.00     $ 3,966.00     $ 6,740.00
EQ/BlackRock Basic Value Equity*                          $ 1,238.00     $ 2,046.00     $ 2,898.00     $ 4,886.00
EQ/BlackRock International Value*                         $ 1,275.00     $ 2,155.00     $ 3,073.00     $ 5,208.00
EQ/Boston Advisors Equity Income                          $ 1,261.00     $ 2,113.00     $ 3,007.00     $ 5,086.00
EQ/Calvert Socially Responsible                           $ 1,261.00     $ 2,113.00     $ 3,007.00     $ 5,086.00
EQ/Capital Guardian Growth                                $ 1,251.00     $ 2,084.00     $ 2,960.00     $ 5,001.00
EQ/Capital Guardian International+                        $ 1,276.00     $ 2,158.00     $ 3,079.00     $ 5,218.00
EQ/Capital Guardian Research                              $ 1,248.00     $ 2,075.00     $ 2,944.00     $ 4,972.00
EQ/Capital Guardian U.S. Equity ++                        $ 1,248.00     $ 2,075.00     $ 2,944.00     $ 4,972.00
EQ/Caywood-Scholl High Yield Bond                         $ 1,248.00     $ 2,075.00     $ 2,944.00     $ 4,972.00
EQ/Davis New York Venture                                 $ 1,336.00     $ 2,332.00     $ 3,357.00     $ 5,715.00
EQ/Equity 500 Index                                       $ 1,205.00     $ 1,947.00     $ 2,736.00     $ 4,582.00
EQ/Evergreen International Bond                           $ 1,264.00     $ 2,123.00     $ 3,022.00     $ 5,115.00
EQ/Evergreen Omega                                        $ 1,257.00     $ 2,100.00     $ 2,986.00     $ 5,048.00
EQ/FI Mid Cap                                             $ 1,254.00     $ 2,091.00     $ 2,970.00     $ 5,020.00
EQ/FI Mid Cap Value+                                      $ 1,257.00     $ 2,100.00     $ 2,986.00     $ 5,048.00
- ------------------------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                 If you do
                                                                                                                not surrender
                                                                                                                your contract
                                                                                                                at the end of
                                                                                                                    the
                                                           If you annuitize at the end of the applicable time    applicable
                                                                                 period                         time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                                          1 year      3 years       5 years        10 years       1 year
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                  
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                   N/A     $ 2,205.00     $ 3,155.00     $ 5,356.00     $ 493.00
AXA Conservative Allocation                                 N/A     $ 2,142.00     $ 3,053.00     $ 5,171.00     $ 471.00
AXA Conservative-Plus Allocation                            N/A     $ 2,145.00     $ 3,058.00     $ 5,180.00     $ 472.00
AXA Moderate Allocation                                     N/A     $ 2,161.00     $ 3,084.00     $ 5,227.00     $ 478.00
AXA Moderate-Plus Allocation                                N/A     $ 2,183.00     $ 3,120.00     $ 5,292.00     $ 485.00
Multimanager Aggressive Equity*                             N/A     $ 2,081.00     $ 2,955.00     $ 4,991.00     $ 450.00
Multimanager Core Bond*                                     N/A     $ 2,072.00     $ 2,939.00     $ 4,963.00     $ 447.00
Multimanager Health Care*                                   N/A     $ 2,281.00     $ 3,277.00     $ 5,573.00     $ 519.00
Multimanager High Yield*                                    N/A     $ 2,069.00     $ 2,934.00     $ 4,953.00     $ 446.00
Multimanager International Equity*                          N/A     $ 2,234.00     $ 3,201.00     $ 5,438.00     $ 503.00
Multimanager Large Cap Core Equity*                         N/A     $ 2,177.00     $ 3,109.00     $ 5,273.00     $ 483.00
Multimanager Large Cap Growth*                              N/A     $ 2,183.00     $ 3,120.00     $ 5,292.00     $ 485.00
Multimanager Large Cap Value*                               N/A     $ 2,177.00     $ 3,109.00     $ 5,273.00     $ 483.00
Multimanager Mid Cap Growth*                                N/A     $ 2,243.00     $ 3,216.00     $ 5,465.00     $ 506.00
Multimanager Mid Cap Value*                                 N/A     $ 2,253.00     $ 3,231.00     $ 5,492.00     $ 509.00
Multimanager Technology*                                    N/A     $ 2,281.00     $ 3,277.00     $ 5,573.00     $ 519.00
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           N/A     $ 2,017.00     $ 2,851.00     $ 4,799.00     $ 429.00
EQ/AllianceBernstein Growth and Income++                    N/A     $ 2,043.00     $ 2,893.00     $ 4,876.00     $ 437.00
EQ/AllianceBernstein Intermediate Government Securities     N/A     $ 2,030.00     $ 2,872.00     $ 4,838.00     $ 433.00
EQ/AllianceBernstein International                          N/A     $ 2,116.00     $ 3,012.00     $ 5,096.00     $ 462.00
EQ/AllianceBernstein Large Cap Growth                       N/A     $ 2,148.00     $ 3,063.00     $ 5,190.00     $ 473.00
EQ/AllianceBernstein Quality Bond                           N/A     $ 2,030.00     $ 2,872.00     $ 4,838.00     $ 433.00
EQ/AllianceBernstein Small Cap Growth                       N/A     $ 2,104.00     $ 2,991.00     $ 5,058.00     $ 458.00
EQ/AllianceBernstein Value                                  N/A     $ 2,059.00     $ 2,919.00     $ 4,924.00     $ 443.00
EQ/Ariel Appreciation II                                    N/A     $ 2,228.00     $ 3,191.00     $ 5,420.00     $ 500.00
EQ/AXA Rosenberg Value Long/Short Equity                    N/A     $ 2,719.00     $ 3,966.00     $ 6,740.00     $ 673.00
EQ/BlackRock Basic Value Equity*                            N/A     $ 2,046.00     $ 2,898.00     $ 4,886.00     $ 438.00
EQ/BlackRock International Value*                           N/A     $ 2,155.00     $ 3,073.00     $ 5,208.00     $ 475.00
EQ/Boston Advisors Equity Income                            N/A     $ 2,113.00     $ 3,007.00     $ 5,086.00     $ 461.00
EQ/Calvert Socially Responsible                             N/A     $ 2,113.00     $ 3,007.00     $ 5,086.00     $ 461.00
EQ/Capital Guardian Growth                                  N/A     $ 2,084.00     $ 2,960.00     $ 5,001.00     $ 451.00
EQ/Capital Guardian International+                          N/A     $ 2,158.00     $ 3,079.00     $ 5,218.00     $ 476.00
EQ/Capital Guardian Research                                N/A     $ 2,075.00     $ 2,944.00     $ 4,972.00     $ 448.00
EQ/Capital Guardian U.S. Equity ++                          N/A     $ 2,075.00     $ 2,944.00     $ 4,972.00     $ 448.00
EQ/Caywood-Scholl High Yield Bond                           N/A     $ 2,075.00     $ 2,944.00     $ 4,972.00     $ 448.00
EQ/Davis New York Venture                                   N/A     $ 2,332.00     $ 3,357.00     $ 5,715.00     $ 536.00
EQ/Equity 500 Index                                         N/A     $ 1,947.00     $ 2,736.00     $ 4,582.00     $ 405.00
EQ/Evergreen International Bond                             N/A     $ 2,123.00     $ 3,022.00     $ 5,115.00     $ 464.00
EQ/Evergreen Omega                                          N/A     $ 2,100.00     $ 2,986.00     $ 5,048.00     $ 457.00
EQ/FI Mid Cap                                               N/A     $ 2,091.00     $ 2,970.00     $ 5,020.00     $ 454.00
EQ/FI Mid Cap Value+                                        N/A     $ 2,100.00     $ 2,986.00     $ 5,048.00     $ 457.00
- ------------------------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------
                                                           If you do not surrender your contract at the
                                                                             end of
                                                                   the applicable time period
- -------------------------------------------------------------------------------------------------------
                                                           3 years        5 years        10 years
- -------------------------------------------------------------------------------------------------------
                                                                               
 AXA PREMIER VIP TRUST:
- -------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 $ 1,505.00     $ 2,555.00     $ 5,356.00
AXA Conservative Allocation                               $ 1,442.00     $ 2,453.00     $ 5,171.00
AXA Conservative-Plus Allocation                          $ 1,445.00     $ 2,458.00     $ 5,180.00
AXA Moderate Allocation                                   $ 1,461.00     $ 2,484.00     $ 5,227.00
AXA Moderate-Plus Allocation                              $ 1,483.00     $ 2,520.00     $ 5,292.00
Multimanager Aggressive Equity*                           $ 1,381.00     $ 2,355.00     $ 4,991.00
Multimanager Core Bond*                                   $ 1,372.00     $ 2,339.00     $ 4,963.00
Multimanager Health Care*                                 $ 1,581.00     $ 2,677.00     $ 5,573.00
Multimanager High Yield*                                  $ 1,369.00     $ 2,334.00     $ 4,953.00
Multimanager International Equity*                        $ 1,534.00     $ 2,601.00     $ 5,438.00
Multimanager Large Cap Core Equity*                       $ 1,477.00     $ 2,509.00     $ 5,273.00
Multimanager Large Cap Growth*                            $ 1,483.00     $ 2,520.00     $ 5,292.00
Multimanager Large Cap Value*                             $ 1,477.00     $ 2,509.00     $ 5,273.00
Multimanager Mid Cap Growth*                              $ 1,543.00     $ 2,616.00     $ 5,465.00
Multimanager Mid Cap Value*                               $ 1,553.00     $ 2,631.00     $ 5,492.00
Multimanager Technology*                                  $ 1,581.00     $ 2,677.00     $ 5,573.00
- -------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         $ 1,317.00     $ 2,251.00     $ 4,799.00
EQ/AllianceBernstein Growth and Income++                  $ 1,343.00     $ 2,293.00     $ 4,876.00
EQ/AllianceBernstein Intermediate Government Securities   $ 1,330.00     $ 2,272.00     $ 4,838.00
EQ/AllianceBernstein International                        $ 1,416.00     $ 2,412.00     $ 5,096.00
EQ/AllianceBernstein Large Cap Growth                     $ 1,448.00     $ 2,463.00     $ 5,190.00
EQ/AllianceBernstein Quality Bond                         $ 1,330.00     $ 2,272.00     $ 4,838.00
EQ/AllianceBernstein Small Cap Growth                     $ 1,404.00     $ 2,391.00     $ 5,058.00
EQ/AllianceBernstein Value                                $ 1,359.00     $ 2,319.00     $ 4,924.00
EQ/Ariel Appreciation II                                  $ 1,528.00     $ 2,591.00     $ 5,420.00
EQ/AXA Rosenberg Value Long/Short Equity                  $ 2,019.00     $ 3,366.00     $ 6,740.00
EQ/BlackRock Basic Value Equity*                          $ 1,346.00     $ 2,298.00     $ 4,886.00
EQ/BlackRock International Value*                         $ 1,455.00     $ 2,473.00     $ 5,208.00
EQ/Boston Advisors Equity Income                          $ 1,413.00     $ 2,407.00     $ 5,086.00
EQ/Calvert Socially Responsible                           $ 1,413.00     $ 2,407.00     $ 5,086.00
EQ/Capital Guardian Growth                                $ 1,384.00     $ 2,360.00     $ 5,001.00
EQ/Capital Guardian International+                        $ 1,458.00     $ 2,479.00     $ 5,218.00
EQ/Capital Guardian Research                              $ 1,375.00     $ 2,344.00     $ 4,972.00
EQ/Capital Guardian U.S. Equity ++                        $ 1,375.00     $ 2,344.00     $ 4,972.00
EQ/Caywood-Scholl High Yield Bond                         $ 1,375.00     $ 2,344.00     $ 4,972.00
EQ/Davis New York Venture                                 $ 1,632.00     $ 2,757.00     $ 5,715.00
EQ/Equity 500 Index                                       $ 1,247.00     $ 2,136.00     $ 4,582.00
EQ/Evergreen International Bond                           $ 1,423.00     $ 2,422.00     $ 5,115.00
EQ/Evergreen Omega                                        $ 1,400.00     $ 2,386.00     $ 5,048.00
EQ/FI Mid Cap                                             $ 1,391.00     $ 2,370.00     $ 5,020.00
EQ/FI Mid Cap Value+                                      $ 1,400.00     $ 2,386.00     $ 5,048.00
- -------------------------------------------------------------------------------------------------------



                                                                    Fee table 17






- --------------------------------------------------------------------------------------------------------
                                                 If you surrender your contract at the end of the
                                                              applicable time period
- --------------------------------------------------------------------------------------------------------
                                             1 year        3 years        5 years        10 years
- --------------------------------------------------------------------------------------------------------
                                                                             
 EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------------------
EQ/Franklin Income                          $ 1,303.00     $ 2,234.00     $ 3,201.00     $ 5,438.00
EQ/Franklin Small Cap Value                 $ 1,480.00     $ 2,737.00     $ 3,994.00     $ 6,786.00
EQ/Franklin Templeton Founding Strategy**   $ 1,308.00     $ 2,250.00     $ 3,226.00     $ 5,483.00
EQ/GAMCO Mergers and Acquisitions           $ 1,297.00     $ 2,218.00     $ 3,176.00     $ 5,393.00
EQ/GAMCO Small Company Value                $ 1,263.00     $ 2,120.00     $ 3,017.00     $ 5,105.00
EQ/International Growth                     $ 1,294.00     $ 2,209.00     $ 3,160.00     $ 5,365.00
EQ/Janus Large Cap Growth++                 $ 1,278.00     $ 2,161.00     $ 3,084.00     $ 5,227.00
EQ/JPMorgan Core Bond                       $ 1,228.00     $ 2,014.00     $ 2,846.00     $ 4,789.00
EQ/JPMorgan Value Opportunities             $ 1,246.00     $ 2,069.00     $ 2,934.00     $ 4,953.00
EQ/Legg Mason Value Equity                  $ 1,258.00     $ 2,104.00     $ 2,991.00     $ 5,058.00
EQ/Long Term Bond                           $ 1,227.00     $ 2,011.00     $ 2,841.00     $ 4,779.00
EQ/Lord Abbett Growth and Income            $ 1,262.00     $ 2,116.00     $ 3,012.00     $ 5,096.00
EQ/Lord Abbett Large Cap Core               $ 1,279.00     $ 2,164.00     $ 3,089.00     $ 5,236.00
EQ/Lord Abbett Mid Cap Value                $ 1,259.00     $ 2,107.00     $ 2,996.00     $ 5,067.00
EQ/Marsico Focus                            $ 1,270.00     $ 2,139.00     $ 3,048.00     $ 5,162.00
EQ/MFS Emerging Growth Companies+           $ 1,250.00     $ 2,081.00     $ 2,955.00     $ 4,991.00
EQ/MFS Investors Trust+                     $ 1,246.00     $ 2,069.00     $ 2,934.00     $ 4,953.00
EQ/Money Market                             $ 1,215.00     $ 1,976.00     $ 2,783.00     $ 4,671.00
EQ/Montag & Caldwell Growth                 $ 1,262.00     $ 2,116.00     $ 3,012.00     $ 5,096.00
EQ/Mutual Shares                            $ 1,316.00     $ 2,272.00     $ 3,262.00     $ 5,546.00
EQ/Oppenheimer Global                       $ 1,410.00     $ 2,541.00     $ 3,688.00     $ 6,282.00
EQ/Oppenheimer Main Street Opportunity      $ 1,428.00     $ 2,593.00     $ 3,770.00     $ 6,419.00
EQ/Oppenheimer Main Street Small Cap        $ 1,423.00     $ 2,578.00     $ 3,746.00     $ 6,379.00
EQ/PIMCO Real Return                        $ 1,243.00     $ 2,059.00     $ 2,919.00     $ 4,924.00
EQ/Short Duration Bond                      $ 1,225.00     $ 2,008.00     $ 2,835.00     $ 4,769.00
EQ/Small Cap Value+                         $ 1,259.00     $ 2,107.00     $ 2,996.00     $ 5,067.00
EQ/Small Company Growth+                    $ 1,291.00     $ 2,199.00     $ 3,145.00     $ 5,338.00
EQ/Small Company Index                      $ 1,209.00     $ 1,960.00     $ 2,757.00     $ 4,622.00
EQ/TCW Equity ++                            $ 1,268.00     $ 2,132.00     $ 3,037.00     $ 5,143.00
EQ/Templeton Growth                         $ 1,336.00     $ 2,332.00     $ 3,357.00     $ 5,715.00
EQ/UBS Growth and Income                    $ 1,263.00     $ 2,120.00     $ 3,017.00     $ 5,105.00
EQ/Van Kampen Comstock                      $ 1,255.00     $ 2,094.00     $ 2,976.00     $ 5,029.00
EQ/Van Kampen Emerging Markets Equity       $ 1,329.00     $ 2,310.00     $ 3,322.00     $ 5,653.00
EQ/Van Kampen Mid Cap Growth                $ 1,264.00     $ 2,123.00     $ 3,022.00     $ 5,115.00
EQ/Wells Fargo Montgomery Small Cap++       $ 1,300.00     $ 2,228.00     $ 3,191.00     $ 5,420.00
- --------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- --------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 1,284.00     $ 2,180.00     $ 3,114.00     $ 5,283.00
- --------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                     If you do not surrender
                                              If you annuitize at the end of the applicable time   your contract at the end of
                                                                    period                         the applicable time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                              1 year      3 years        5 years        10 years       1 year       3 years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                              
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income                            N/A     $ 2,234.00     $ 3,201.00     $ 5,438.00     $ 503.00     $ 1,534.00
EQ/Franklin Small Cap Value                   N/A     $ 2,737.00     $ 3,994.00     $ 6,786.00     $ 680.00     $ 2,037.00
EQ/Franklin Templeton Founding Strategy**     N/A     $ 2,250.00     $ 3,226.00     $ 5,483.00     $ 508.00     $ 1,550.00
EQ/GAMCO Mergers and Acquisitions             N/A     $ 2,218.00     $ 3,176.00     $ 5,393.00     $ 497.00     $ 1,518.00
EQ/GAMCO Small Company Value                  N/A     $ 2,120.00     $ 3,017.00     $ 5,105.00     $ 463.00     $ 1,420.00
EQ/International Growth                       N/A     $ 2,209.00     $ 3,160.00     $ 5,365.00     $ 494.00     $ 1,509.00
EQ/Janus Large Cap Growth++                   N/A     $ 2,161.00     $ 3,084.00     $ 5,227.00     $ 478.00     $ 1,461.00
EQ/JPMorgan Core Bond                         N/A     $ 2,014.00     $ 2,846.00     $ 4,789.00     $ 428.00     $ 1,314.00
EQ/JPMorgan Value Opportunities               N/A     $ 2,069.00     $ 2,934.00     $ 4,953.00     $ 446.00     $ 1,369.00
EQ/Legg Mason Value Equity                    N/A     $ 2,104.00     $ 2,991.00     $ 5,058.00     $ 458.00     $ 1,404.00
EQ/Long Term Bond                             N/A     $ 2,011.00     $ 2,841.00     $ 4,779.00     $ 427.00     $ 1,311.00
EQ/Lord Abbett Growth and Income              N/A     $ 2,116.00     $ 3,012.00     $ 5,096.00     $ 462.00     $ 1,416.00
EQ/Lord Abbett Large Cap Core                 N/A     $ 2,164.00     $ 3,089.00     $ 5,236.00     $ 479.00     $ 1,464.00
EQ/Lord Abbett Mid Cap Value                  N/A     $ 2,107.00     $ 2,996.00     $ 5,067.00     $ 459.00     $ 1,407.00
EQ/Marsico Focus                              N/A     $ 2,139.00     $ 3,048.00     $ 5,162.00     $ 470.00     $ 1,439.00
EQ/MFS Emerging Growth Companies+             N/A     $ 2,081.00     $ 2,955.00     $ 4,991.00     $ 450.00     $ 1,381.00
EQ/MFS Investors Trust+                       N/A     $ 2,069.00     $ 2,934.00     $ 4,953.00     $ 446.00     $ 1,369.00
EQ/Money Market                               N/A     $ 1,976.00     $ 2,783.00     $ 4,671.00     $ 415.00     $ 1,276.00
EQ/Montag & Caldwell Growth                   N/A     $ 2,116.00     $ 3,012.00     $ 5,096.00     $ 462.00     $ 1,416.00
EQ/Mutual Shares                              N/A     $ 2,272.00     $ 3,262.00     $ 5,546.00     $ 516.00     $ 1,572.00
EQ/Oppenheimer Global                         N/A     $ 2,541.00     $ 3,688.00     $ 6,282.00     $ 610.00     $ 1,841.00
EQ/Oppenheimer Main Street Opportunity        N/A     $ 2,593.00     $ 3,770.00     $ 6,419.00     $ 628.00     $ 1,893.00
EQ/Oppenheimer Main Street Small Cap          N/A     $ 2,578.00     $ 3,746.00     $ 6,379.00     $ 623.00     $ 1,878.00
EQ/PIMCO Real Return                          N/A     $ 2,059.00     $ 2,919.00     $ 4,924.00     $ 443.00     $ 1,359.00
EQ/Short Duration Bond                        N/A     $ 2,008.00     $ 2,835.00     $ 4,769.00     $ 425.00     $ 1,308.00
EQ/Small Cap Value+                           N/A     $ 2,107.00     $ 2,996.00     $ 5,067.00     $ 459.00     $ 1,407.00
EQ/Small Company Growth+                      N/A     $ 2,199.00     $ 3,145.00     $ 5,338.00     $ 491.00     $ 1,499.00
EQ/Small Company Index                        N/A     $ 1,960.00     $ 2,757.00     $ 4,622.00     $ 409.00     $ 1,260.00
EQ/TCW Equity ++                              N/A     $ 2,132.00     $ 3,037.00     $ 5,143.00     $ 468.00     $ 1,432.00
EQ/Templeton Growth                           N/A     $ 2,332.00     $ 3,357.00     $ 5,715.00     $ 536.00     $ 1,632.00
EQ/UBS Growth and Income                      N/A     $ 2,120.00     $ 3,017.00     $ 5,105.00     $ 463.00     $ 1,420.00
EQ/Van Kampen Comstock                        N/A     $ 2,094.00     $ 2,976.00     $ 5,029.00     $ 455.00     $ 1,394.00
EQ/Van Kampen Emerging Markets Equity         N/A     $ 2,310.00     $ 3,322.00     $ 5,653.00     $ 529.00     $ 1,610.00
EQ/Van Kampen Mid Cap Growth                  N/A     $ 2,123.00     $ 3,022.00     $ 5,115.00     $ 464.00     $ 1,423.00
EQ/Wells Fargo Montgomery Small Cap++         N/A     $ 2,228.00     $ 3,191.00     $ 5,420.00     $ 500.00     $ 1,528.00
- ------------------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                N/A     $ 2,180.00     $ 3,114.00     $ 5,283.00     $ 484.00     $ 1,480.00
- ------------------------------------------------------------------------------------------------------------------------------------


'--------------------------------------------------------------------------
                                             If you do not surrender your
                                                contract at the end of
                                             the applicable time period
- --------------------------------------------------------------------------
                                             5 years        10 years
- --------------------------------------------------------------------------
                                                     
 EQ ADVISORS TRUST:
- --------------------------------------------------------------------------
EQ/Franklin Income                          $ 2,601.00     $ 5,438.00
EQ/Franklin Small Cap Value                 $ 3,394.00     $ 6,786.00
EQ/Franklin Templeton Founding Strategy**   $ 2,626.00     $ 5,483.00
EQ/GAMCO Mergers and Acquisitions           $ 2,576.00     $ 5,393.00
EQ/GAMCO Small Company Value                $ 2,417.00     $ 5,105.00
EQ/International Growth                     $ 2,560.00     $ 5,365.00
EQ/Janus Large Cap Growth++                 $ 2,484.00     $ 5,227.00
EQ/JPMorgan Core Bond                       $ 2,246.00     $ 4,789.00
EQ/JPMorgan Value Opportunities             $ 2,334.00     $ 4,953.00
EQ/Legg Mason Value Equity                  $ 2,391.00     $ 5,058.00
EQ/Long Term Bond                           $ 2,241.00     $ 4,779.00
EQ/Lord Abbett Growth and Income            $ 2,412.00     $ 5,096.00
EQ/Lord Abbett Large Cap Core               $ 2,489.00     $ 5,236.00
EQ/Lord Abbett Mid Cap Value                $ 2,396.00     $ 5,067.00
EQ/Marsico Focus                            $ 2,448.00     $ 5,162.00
EQ/MFS Emerging Growth Companies+           $ 2,355.00     $ 4,991.00
EQ/MFS Investors Trust+                     $ 2,334.00     $ 4,953.00
EQ/Money Market                             $ 2,183.00     $ 4,671.00
EQ/Montag & Caldwell Growth                 $ 2,412.00     $ 5,096.00
EQ/Mutual Shares                            $ 2,662.00     $ 5,546.00
EQ/Oppenheimer Global                       $ 3,088.00     $ 6,282.00
EQ/Oppenheimer Main Street Opportunity      $ 3,170.00     $ 6,419.00
EQ/Oppenheimer Main Street Small Cap        $ 3,146.00     $ 6,379.00
EQ/PIMCO Real Return                        $ 2,319.00     $ 4,924.00
EQ/Short Duration Bond                      $ 2,235.00     $ 4,769.00
EQ/Small Cap Value+                         $ 2,396.00     $ 5,067.00
EQ/Small Company Growth+                    $ 2,545.00     $ 5,338.00
EQ/Small Company Index                      $ 2,157.00     $ 4,622.00
EQ/TCW Equity ++                            $ 2,437.00     $ 5,143.00
EQ/Templeton Growth                         $ 2,757.00     $ 5,715.00
EQ/UBS Growth and Income                    $ 2,417.00     $ 5,105.00
EQ/Van Kampen Comstock                      $ 2,376.00     $ 5,029.00
EQ/Van Kampen Emerging Markets Equity       $ 2,722.00     $ 5,653.00
EQ/Van Kampen Mid Cap Growth                $ 2,422.00     $ 5,115.00
EQ/Wells Fargo Montgomery Small Cap++       $ 2,591.00     $ 5,420.00
- --------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- --------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 2,514.00     $ 5,283.00
- --------------------------------------------------------------------------




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contracts features and benefits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


18 Fee table



CONDENSED FINANCIAL INFORMATION


Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


                                                                    Fee table 19



1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $10,000 for you
to purchase a contract. You may make additional contributions of at least $500
each for NQ, QP and Rollover TSA contracts and $50 each for IRA contracts,
subject to limitations noted below. The following table summarizes our rules
regarding contributions to your contract. All ages in the table refer to the
age of the annuitant named in the contract. Additional contributions may not be
permitted in your state. Please see Appendix VIII later in this Prospectus to
see if additional contributions are permitted in your state.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000. We may also refuse to accept any contribution if
the sum of all contributions under all AXA Equitable annuity accumulation
contracts with the same owner or annuitant would then total more than
$2,500,000. We may waive these contribution limitations based on certain
criteria, including benefits that have been elected, issue age, the total
amount of contributions, variable investment option allocations and selling
broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.

- --------------------------------------------------------------------------------
The "annuitant" is the person who is the measuring life for determining
contract benefits. The annuitant is not necessarily the contract owner.
- --------------------------------------------------------------------------------




- --------------------------------------------------------------------------------
                 Available
                 for annuitant
Contract type    issue ages*     Minimum contributions
- --------------------------------------------------------------------------------
                           
NQ               0 through 80    o $10,000 (initial)
                                 o $500 (additional)
                                 o $100 monthly and
                                   $300 quarterly under
                                   our automatic invest-
                                   ment program
                                   (additional)
- --------------------------------------------------------------------------------
Rollover IRA     20 through 80   o $10,000 (initial)
                                 o $500 (additional)


- ----------------------------------------------------------------------------------------------
                                                     Limitations on
Contract type    Source of contributions             contributions+
- ----------------------------------------------------------------------------------------------
                                               
NQ               o After-tax money.                  o No additional contributions after
                                                       attainment of age 81 or, if later,
                 o Paid to us by check or transfer     the first contract date
                   of contract value in a tax-         anniversary.*
                   deferred exchange under
                   Section 1035 of the Internal
                   Revenue Code.
- ----------------------------------------------------------------------------------------------
Rollover IRA     o Eligible rollover distributions   o No contributions after attainment
                   from TSA contracts or other         of age 81 or, if later, the first
                   403(b) arrangements, qualified      contract date anniversary.*
                   plans, and governmental
                   employer 457(b) plans.            o Contributions after age 70-1/2
                                                       must be net of required minimum
                 o Rollovers from another tradi-       distributions.
                   tional individual retirement
                   arrangement.                      o Although we accept regular IRA
                                                       contributions (limited to $4,000
                 o Direct custodian-to-custodian       for 2007 and $5,000 for 2008)
                   transfers from another tradi-       under Rollover IRA contracts, we
                   tional individual retirement        intend that this contract be used
                   arrangement.                        primarily for rollover and direct
                                                       transfer contributions.
                 o Regular IRA contributions.
                                                     o Additional catch-up contributions
                 o Additional "catch-up" contribu-     of up to $1,000 per calendar
                   tions.                              year where the owner is at least
                                                       age 50 but under age 70-1/2 at
                                                       any time during the calendar year
                                                       for which the contribution is
                                                       made.
- ----------------------------------------------------------------------------------------------



20 Contract features and benefits






- --------------------------------------------------------------------------------
                   Available
                  for annuitant
 Contract type    issue ages*      Minimum contributions
- --------------------------------------------------------------------------------
                            
Roth Conversion   20 through 80   o $10,000 (initial)
IRA
                                  o $500 (additional)
- --------------------------------------------------------------------------------
Rollover TSA      20 through 80   o $10,000 (initial)
                                  o $500 (additional)


- ---------------------------------------------------------------------------------------------------------
                                                          Limitations on
 Contract type     Source of contributions               contributions+
- ---------------------------------------------------------------------------------------------------------
                                                   
Roth Conversion   o Rollovers from another Roth          o No additional rollover or direct
IRA                 IRA.                                   transfer contributions after
                                                           attainment of age 81 or, if later,
                  o Rollovers from a "designated           the first contract date
                    Roth contribution account"             anniversary.*
                    under a 401(k) plan or 403(b)
                    arrangement.                         o Conversion rollovers after age
                                                           70-1/2 must be net of required
                  o Conversion rollovers from a            minimum distributions for the
                    traditional IRA.                       traditional IRA you are rolling
                  o Direct transfers from another          over.
                    Roth IRA.
                                                         o You cannot roll over funds from a
                  o Regular Roth IRA contributions.        traditional IRA if your adjusted
                                                           gross income is $100,000 or
                  o Additional catch-up contribu-          more.
                    tions.
                                                         o Although we accept regular Roth
                                                           IRA contributions (limited to
                                                           $4,000 for 2007 and $5,000 for
                                                           2008) under the Roth IRA con-
                                                           tracts, we intend that this
                                                           contract be used primarily for
                                                           rollover and direct transfer
                                                           contributions.
                                                         o Additional catch-up contributions
                                                           of up to $1,000 per calendar
                                                           year where the owner is at least
                                                           age 50 at any time during the
                                                           calendar year for which the con-
                                                           tribution is made.
- ---------------------------------------------------------------------------------------------------------
Rollover TSA      o Direct transfers of pre-tax funds    o Additional rollover or direct
                    from another contract or               transfer contributions may be
                    arrangement under Section              made up to attainment of age 81
                    403(b) of the Internal Revenue         or, if later, the first contract date
                    Code, complying with IRS Rev-          anniversary.*
                    enue Ruling 90-24.
                                                         o Rollover or direct transfer contri-
                  o Eligible rollover distributions of     butions after age 70-1/2 must be
                    pre-tax funds from other 403(b)        net of any required minimum
                    plans.                                 distributions.
                  o Subsequent contributions may         o We do not accept employer-
                    also be rollovers from qualified       remitted contributions.
                    plans, governmental employer
                    457(b) plans and traditional
                    IRAs.
- ---------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 21






- ------------------------------------------------------------------------------------------
                 Available
                 for annuitant
Contract type    issue ages*           Minimum contributions
- ------------------------------------------------------------------------------------------
                                 
QP               20 through 70         o $10,000 (initial)
                                       o $500 (additional)
- ------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------
                                                      Limitations on
Contract type    Source of contributions              contributions+
- ------------------------------------------------------------------------------------------
                                                
QP               o Only transfer contributions        o A separate QP contract must be
                   from other investments within        established for each plan
                   an existing defined                  participant.
                   contribution qualified plan
                   trust.                             o We do not accept regular ongoing
                                                        payroll contributions or
                 o The plan must be qualified           contributions directly from the
                   under Section 401(a) of the          employer.
                   Internal Revenue Code.
                                                      o Only one additional transfer
                 o For 401(k) plans, transferred        contribution may be made during a
                   contributions may not include        contract year.
                   any after-tax contributions,
                   including designated Roth          o No additional transfer contribu-
                   contributions.                       tions after participants attainment
                                                        of age 71 or, if later, the first
                                                        contract date anniversary.

                                                      o Contributions after age 70-1/2 must
                                                        be net of any required minimum
                                                        distributions.

                                                      o We do not accept contributions from
                                                        defined benefit plans.

See Appendix II at the end of this Prospectus for a discussion of purchase considerations of
QP contracts.
- ------------------------------------------------------------------------------------------





+    Additional contributions may not be permitted under certain conditions in
     your state. If you purchase Guaranteed principal benefit option 2, no
     contributions are permitted after the six month period beginning on the
     contract date. Please see Appendix VIII later in this Prospectus to see if
     additional contributions are permitted in your state.

*    Please see Appendix IX for variations that may apply to your contract.



See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.


22 Contract features and benefits



OWNER AND ANNUITANT REQUIREMENTS


Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act in your
state. If the Spousal protection feature is available under your contract and
is elected, the spouses must be joint owners, one of the spouses must be the
annuitant and both must be named as the only primary beneficiaries.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II later in this
Prospectus for more information on QP contracts.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose. Additional contributions may also be made under our automatic
investment program. These methods of payment, including circumstances under
which such contributions are considered received by us when your order is taken
by such broker-dealer, are discussed in detail in "More information" later in
this Prospectus.


- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain this
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------
WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

You can choose from among the variable investment options, the guaranteed
interest option and the fixed maturity options.

VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.

                                              Contract features and benefits  23



PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Plus(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors include the timing of stock purchases and sales;
differences in fund cash flows; and specific strategies employed by the
portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- --------------------------------------------------------------------------------------------
AXA Premier VIP Trust
Portfolio Name(*)              Objective
- --------------------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.
- --------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.
- --------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a
 ALLOCATION                   greater emphasis on current income.
- --------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.
- --------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,
 ALLOCATION                   with a greater emphasis on capital appreciation.
- --------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.
 EQUITY(1)
- --------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital
                              appreciation, consistent with a prudent level of risk.
- --------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.
- --------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current
                              income and capital appreciation.
- --------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.
 EQUITY(5)
- --------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 AXA Premier VIP Trust         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)             applicable)
- --------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     o AXA Equitable
- --------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   o AXA Equitable
- --------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         o AXA Equitable
 ALLOCATION
- --------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       o AXA Equitable
- --------------------------------------------------------------------------------
AXA MODERATE-PLUS             o AXA Equitable
 ALLOCATION
- --------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       o AllianceBernstein L.P.
 EQUITY(1)                    o ClearBridge Advisors, LLC
                              o Legg Mason Capital Management, Inc.
                              o Marsico Capital Management, LLC
- --------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     o BlackRock Financial Management, Inc.
                              o Pacific Investment Management Company
                                LLC
- --------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   o A I M Capital Management, Inc.
                              o RCM Capital Management LLC
                              o Wellington Management Company, LLP
- --------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    o Pacific Investment Management Company
                                LLC
                              o Post Advisory Group, LLC
- --------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    o AllianceBernstein L.P.
 EQUITY(5)                    o JPMorgan Investment Management Inc.
                              o Marsico Capital Management, LLC
- --------------------------------------------------------------------------------




24 Contract features and benefits






- --------------------------------------------------------------------------------------------
AXA Premier VIP Trust
Portfolio Name(*)                Objective
- --------------------------------------------------------------------------------------------
                              
MULTIMANAGER LARGE CAP CORE      Long-term growth of capital.
 EQUITY(6)
- --------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP           Long-term growth of capital.
 GROWTH(7)
- --------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP           Long-term growth of capital.
 VALUE(8)
- --------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP             Long-term growth of capital.
 GROWTH(9)
- --------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP VALUE(10)   Long-term growth of capital.
- --------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)      Long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)                Objective
- --------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COMMON      Seeks to achieve long-term growth of capital.
 STOCK
- --------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH      Seeks to provide a high total return.
 AND INCOME++
- --------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERME-    Seeks to achieve high current income consistent with
 DIATE GOVERNMENT SECURITIES     relative stability of principal.
- --------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERNA-    Seeks to achieve long-term growth of capital.
 TIONAL
- --------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE       Seeks to achieve long-term growth of capital.
 CAP GROWTH
- --------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY     Seeks to achieve high current income consistent with
 BOND                            moderate risk to capital.
- --------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL       Seeks to achieve long-term growth of capital.
 CAP GROWTH
- --------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE       Seeks capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II         Seeks long-term capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE LONG/     Seeks to increase value through bull markets and bear
 SHORT EQUITY                    markets using strategies that are designed to limit expo-
                                 sure to general equity market risk.
- --------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
AXA Premier VIP Trust            Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                applicable)
- --------------------------------------------------------------------------------
                              
MULTIMANAGER LARGE CAP CORE      o AllianceBernstein L.P.
 EQUITY(6)                       o Janus Capital Management LLC
                                 o Thornburg Investment Management, Inc.
- --------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP           o RCM Capital Management LLC
 GROWTH(7)                       o TCW Investment Management Company
                                 o T. Rowe Price Associates, Inc.
- --------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP           o AllianceBernstein L.P.
 VALUE(8)                        o Institutional Capital LLC
                                 o MFS Investment Management
- --------------------------------------------------------------------------------
MULTIMANAGER MID CAP             o AllianceBernstein L.P.
 GROWTH(9)                       o Franklin Advisers, Inc.
                                 o Provident Investment Counsel, Inc.
- --------------------------------------------------------------------------------
MULTIMANAGER MID CAP VALUE(10)   o AXA Rosenberg Investment Management LLC
                                 o TCW Investment Management Company
                                 o Wellington Management Company, LLP
- --------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)      o Firsthand Capital Management, Inc.
                                 o RCM Capital Management LLC
                                 o Wellington Management Company, LLP
- --------------------------------------------------------------------------------
EQ Advisors Trust                Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                applicable)
- --------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COMMON      o AllianceBernstein L.P.
 STOCK
- --------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH      o AllianceBernstein L.P.
 AND INCOME++
- --------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERME-    o AllianceBernstein L.P.
 DIATE GOVERNMENT SECURITIES
- --------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERNA-    o AllianceBernstein L.P.
 TIONAL
- --------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE       o AllianceBernstein L.P.
 CAP GROWTH
- --------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY     o AllianceBernstein L.P.
 BOND
- --------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL       o AllianceBernstein L.P.
 CAP GROWTH
- --------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE       o AllianceBernstein L.P.
- --------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II         o Ariel Capital Management, LLC
- --------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE LONG/     o AXA Rosenberg Investment Management LLC
 SHORT EQUITY
- --------------------------------------------------------------------------------



                                               Contract features and benefits 25






- --------------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)              Objective
- --------------------------------------------------------------------------------------------
                            
EQ/BLACKROCK BASIC VALUE       Seeks capital appreciation and secondarily, income.
 EQUITY(12)
- --------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL     Seeks to provide current income and long-term growth of
 VALUE(13)                     income, accompanied by growth of capital.
- --------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY      Seeks a combination of growth and income to achieve an
 INCOME                        above-average and consistent total return.
- --------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY            Seeks long-term capital appreciation.
 RESPONSIBLE
- --------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH     Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN            To achieve long-term growth of capital.
 INTERNATIONAL+
- --------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN RESEARCH   Seeks to achieve long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.       Seeks to achieve long-term growth of capital.
 EQUITY++
- --------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH YIELD   Seeks to maximize current income.
 BOND
- --------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE      Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX            Seeks a total return before expenses that approximates
                               the total return performance of the S&P 500 Index,
                               including reinvestment of dividends, at a risk level consis-
                               tent with that of the S&P 500 Index.
- --------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL     Seeks capital growth and current income.
 BOND
- --------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA             Seeks long-term capital growth.
- --------------------------------------------------------------------------------------------
EQ/FI MID CAP                  Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+           Seeks long-term capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME             Seeks to maximize income while maintaining prospects
                               for capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE    Seeks long-term total return.
- --------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON FOUND-   Primarily seeks capital appreciation and secondarily seeks
 ING STRATEGY(**)              income.
- --------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND ACQUI-    Seeks to achieve capital appreciation.
 SITIONS
- --------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY         Seeks to maximize capital appreciation.
 VALUE
- --------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH        Seeks to achieve capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++    Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent with mod-
                               erate risk to capital and maintenance of liquidity.
- --------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
EQ Advisors Trust              Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              applicable)
- --------------------------------------------------------------------------------

                            
EQ/BLACKROCK BASIC VALUE       o BlackRock Investment Management, LLC
 EQUITY(12)
- --------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL     o BlackRock Investment Management Interna-
 VALUE(13)                       tional Limited
- --------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY      o Boston Advisors, LLC
 INCOME
- --------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY            o Calvert Asset Management Company, Inc.
 RESPONSIBLE                   o Bridgeway Capital Management, Inc.
- --------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH     o Capital Guardian Trust Company
- --------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN            o Capital Guardian Trust Company
 INTERNATIONAL+
- --------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN RESEARCH   o Capital Guardian Trust Company
- --------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.       o Capital Guardian Trust Company
 EQUITY++
- --------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH YIELD   o Caywood-Scholl Capital Management
 BOND
- --------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE      o Davis Selected Advisers, L.P.
- --------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX            o AllianceBernstein L.P.
- --------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL     o Evergreen Investment Management
 BOND                            Company, LLC
                               o First International Fund Advisors (dba
                                 "Evergreen International")
- --------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA             o Evergreen Investment Management
                                 Company, LLC
- --------------------------------------------------------------------------------
EQ/FI MID CAP                  o Fidelity Management & Research Company
- --------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+           o Fidelity Management & Research Company
- --------------------------------------------------------------------------------
EQ/FRANKLIN INCOME             o Franklin Advisers, Inc.
- --------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE    o Franklin Advisory Services, LLC
- --------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON FOUND-   o AXA Equitable
 ING STRATEGY(**)
- --------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND ACQUI-    o GAMCO Asset Management Inc.
 SITIONS
- --------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY         o GAMCO Asset Management Inc.
 VALUE
- --------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH        o MFS Investment Management.
- --------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++    o Janus Capital Management LLC
- --------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND          o JPMorgan Investment Management Inc.
- --------------------------------------------------------------------------------



26 Contract features and benefits






- --------------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)               Objective
- --------------------------------------------------------------------------------------------
                             
EQ/JPMORGAN VALUE               Long-term capital appreciation.
 OPPORTUNITIES
- --------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY      Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/LONG TERM BOND               Seeks to maximize income and capital appreciation
                                through investment in long-maturity debt obligations.
- --------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND       Capital appreciation and growth of income without
 INCOME                         excessive fluctuation in market value.
- --------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP CORE   Capital appreciation and growth of income with reason-
                                able risk.
- --------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE    Capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS                Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH          Seeks to provide long-term capital growth.
 COMPANIES+
- --------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+         Seeks long-term growth of capital with a secondary
                                objective to seek reasonable current income. For purposes
                                of this Portfolio, the words "reasonable current income"
                                mean moderate income.
- --------------------------------------------------------------------------------------------
EQ/MONEY MARKET                 Seeks to obtain a high level of current income, preserve
                                its assets and maintain liquidity.
- --------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL            Seeks to achieve capital appreciation.
 GROWTH
- --------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES                Seeks capital appreciation, which may occasionally be
                                short-term, and secondarily, income.
- --------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL           Seeks capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      Seeks long-term capital appreciation.
 OPPORTUNITY
- --------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      Seeks capital appreciation.
 SMALL CAP
- --------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN            Seeks maximum real return consistent with preservation
                                of real capital and prudent investment management.
- --------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND          Seeks current income with reduced volatility of principal.
- --------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+             Seeks capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+        Seeks to achieve capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX          Seeks to replicate as closely as possible (before the
                                deduction of portfolio expenses) the total return of the
                                Russell 2000 Index.
- --------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                 Seeks to achieve long-term capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH             Seeks long-term capital growth.
- --------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
EQ Advisors Trust               Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               applicable)
- --------------------------------------------------------------------------------
                             
EQ/JPMORGAN VALUE               o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- --------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY      o Legg Mason Capital Management, Inc.
- --------------------------------------------------------------------------------
EQ/LONG TERM BOND               o BlackRock Financial Management, Inc.
- --------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND       o Lord, Abbett & Co. LLC
 INCOME
- --------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP CORE   o Lord, Abbett & Co. LLC
- --------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE    o Lord, Abbett & Co. LLC
- --------------------------------------------------------------------------------
EQ/MARSICO FOCUS                o Marsico Capital Management, LLC
- --------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH          o MFS Investment Management
 COMPANIES+
- --------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+         o MFS Investment Management
- --------------------------------------------------------------------------------
EQ/MONEY MARKET                 o The Dreyfus Corporation
- --------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL            o Montag & Caldwell, Inc.
 GROWTH
- --------------------------------------------------------------------------------
EQ/MUTUAL SHARES                o Franklin Mutual Advisers, LLC
- --------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL           o OppenheimerFunds, Inc.
- --------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      o OppenheimerFunds, Inc.
 OPPORTUNITY
- --------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      o OppenheimerFunds, Inc.
 SMALL CAP
- --------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN            o Pacific Investment Management Company,
                                  LLC
- --------------------------------------------------------------------------------
EQ/SHORT DURATION BOND          o BlackRock Financial Management, Inc.
- --------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+             o Lazard Asset Management LLC
                                o Franklin Advisory Services, LLC
- --------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+        o Bear Stearns Asset Management Inc.
                                o Eagle Asset Management, Inc.
                                o Wells Capital Management, Inc.
- --------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX          o AllianceBernstein L.P.
- --------------------------------------------------------------------------------
EQ/TCW EQUITY++                 o TCW Investment Management Company
- --------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH             o Templeton Global Advisors Limited
- --------------------------------------------------------------------------------



                                               Contract features and benefits 27






- --------------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)                Objective
- --------------------------------------------------------------------------------------------
                              
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return through capital appreciation
                                 with income as a secondary consideration.
- --------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.
- --------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING MAR-      Seeks long-term capital appreciation.
 KETS EQUITY
- --------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.
 GROWTH
- --------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.
 SMALL CAP++
- --------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                    Objective
- --------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income and long-
                                 term capital appreciation by investing primarily in equity
                                 securities of companies in the U.S. real estate industry,
                                 including real estate investment trusts.
- --------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------
EQ Advisors Trust                Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                applicable)
- --------------------------------------------------------------------------------------------
                              
EQ/UBS GROWTH AND INCOME         o UBS Global Asset Management
                                   (Americas) Inc.
- --------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           o Morgan Stanley Investment
                                   Management Inc.
- --------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING MAR-      o Morgan Stanley Investment
 KETS EQUITY                       Management Inc.
- --------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            o Morgan Stanley Investment
 GROWTH                            Management Inc.
- --------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        o Wells Capital Management Inc.
 SMALL CAP++
- --------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                   Investment Manager
- --------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   o Van Kampen (is the name under which Mor-
                                   gan Stanley Investment Management Inc.
                                   does business in certain situations)
- --------------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.



- ---------------------------------------------------
 FN     Portfolio Name until May 29, 2007
- ---------------------------------------------------
        (1) AXA Premier VIP Aggressive Equity
- ---------------------------------------------------
        (2) AXA Premier VIP Core Bond
- ---------------------------------------------------
        (3) AXA Premier VIP Health Care
- ---------------------------------------------------
        (4) AXA Premier VIP High Yield
- ---------------------------------------------------
        (5) AXA Premier VIP International Equity
- ---------------------------------------------------
        (6) AXA Premier VIP Large Cap Core Equity
- ---------------------------------------------------
        (7) AXA Premier VIP Large Cap Growth
- ---------------------------------------------------
        (8) AXA Premier VIP Large Cap Value
- ---------------------------------------------------
        (9) AXA Premier VIP Mid Cap Growth
- ---------------------------------------------------
       (10) AXA Premier VIP Mid Cap Value
- ---------------------------------------------------
       (11) AXA Premier VIP Technology
- ---------------------------------------------------
       (12) EQ/Mercury Basic Value Equity
- ---------------------------------------------------
       (13) EQ/Mercury International Value
- ---------------------------------------------------



**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

You should consider the investment objectives, risks and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the Trusts
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may
call one of our customer service representatives at 1-800-789-7771.


28 Contract features and benefits



GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges and any optional benefit
charges. See Appendix VIII later in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum
ranges from 1% to 3%. The data page for your contract shows the lifetime
minimum rate. Check with your financial professional as to which rate applies
in your state. The minimum yearly rate will never be less than the lifetime
minimum rate. The minimum yearly rate for 2007 is 3%. Current interest rates
will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers from the guaranteed
interest option.

FIXED MATURITY OPTIONS


We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if, on the
date the contribution or transfer is to be applied, the rate to maturity is 3%.
This means that, at any given time, we may not offer fixed maturity options
with all ten possible maturity dates. You can allocate your contributions to
one or more of these fixed maturity options, however, you may not have more
than 12 different maturities running during any contract year. This limit
includes any maturities that have had any allocation or transfers, even if the
entire amount is withdrawn or transferred during the contract year. These
amounts become part of a non-unitized separate account. They will accumulate
interest at the "rate to maturity" for each fixed maturity option. The total
amount you allocate to and accumulate in each fixed maturity option is called
the "fixed maturity amount." The fixed maturity options are not available in
all states. Check with your financial professional or see Appendix VIII later
in this Prospectus to see if fixed maturity options are available in your
state.

- --------------------------------------------------------------------------------
Fixed maturity options generally range from one to ten years to maturity.
- --------------------------------------------------------------------------------

Under the Special 10 year fixed maturity option (which is available only under
contracts that offer GPB Option 2), additional contributions will have the same
maturity date as your initial contribution (See "The guaranteed principal
benefits," below). The rate to maturity you will receive for each additional
contribution is the rate to maturity in effect for new contributions allocated
to that fixed maturity option on the date we apply your contribution.


On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for annuitant ages 76 and older. See "Allocating your
contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Plus(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a) transfer the maturity value into another available fixed maturity option,
     any of the variable investment options or the guaranteed interest option;
     or

(b) withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available, we will transfer your maturity value to the
EQ/Money Market option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract, or when we make deductions for charges) from a
fixed maturity option before it matures we will make a market value adjustment,
which will increase or decrease any fixed maturity amount you have in that
fixed maturity option. A market value adjustment will also apply if amounts in
a fixed maturity option are used to purchase any annuity payment option prior
to the maturity date and may apply on payment of a death benefit. The market
value


                                              Contract features and benefits  29




adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for withdrawal charges) of a portion of the amount in
the fixed maturity option will be a percentage of the market value adjustment
that would apply if you were to withdraw the entire amount in that fixed
maturity option. The market value adjustment applies to the amount remaining in
a fixed maturity option and does not reduce the actual amount of a withdrawal.
The amount applied to an annuity payout option will reflect the application of
any applicable market value adjustment (either positive or negative). We only
apply a positive market value adjustment to the amount in the fixed maturity
option when calculating any death benefit proceeds under your contract. The
amount of the adjustment will depend on two factors:


(a) the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate we have in effect at that time for new fixed
     maturity options (adjusted to reflect a similar maturity date), and

(b) the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.


We provide an illustration of the market adjusted amounts of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ALLOCATING YOUR CONTRIBUTIONS

You may choose from among three ways to allocate your contributions under your
contract: self-directed, the guaranteed principal benefits, or dollar cost
averaging. Subsequent contributions are allocated according to instructions on
file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION


You may allocate your contributions to one or more, or all, of the variable
investment options, the guaranteed interest option (subject to restrictions in
certain states--see Appendix VIII later in this Prospectus for state
variations) and fixed maturity options. Allocations must be in whole
percentages and you may change your allocations at any time. No more than 25%
of any contribution may be allocated to the guaranteed interest option. The
total of your allocations into all available investment options must equal
100%. If the annuitant is age 76-80, you may allocate contributions to fixed
maturity options with maturities of seven years or less. If the annuitant is
age 81 or older, you may allocate contributions to fixed maturity options with
maturities of five years or less. Also you may not allocate amounts to fixed
maturity options with maturity dates that are later than the date annuity
payments are to begin.

THE GUARANTEED PRINCIPAL BENEFITS (INCLUDING PRINCIPAL ASSURANCE)

We offer a Guaranteed principal benefit ("GPB") with two options. See Appendix
VIII later in this Prospectus for more information on state availability and
Appendix IX for contract variation and/or availability of these benefits. You
may only elect one of the GPBs. We will not offer either GPB when the rate to
maturity for the applicable fixed maturity option is 3%. Both GPB options allow
you to allocate a portion of your contribution or contributions to the variable
investment options, while ensuring that your account value will at least equal
your contributions adjusted for withdrawals and transfers on a specified date.
GPB Option 2 generally provides you with the ability to allocate more of your
contributions to the variable investment options than could be allocated using
GPB Option 1 (also known as Principal assurance). If you elect either GPB, you
may not elect the Guaranteed minimum income benefit, Principal Protector(SM),
the systematic withdrawals option or the substantially equal withdrawals option.
However, certain existing contract owners who elected GPB are not subject to
these restrictions. See Appendix IX for information on what applies under your
contract.


You may elect GPB Option 1 when the contract is issued (after age 75, only the
7-year fixed maturity option is available; for QP the annuitant must be age 70
or younger when the contract is issued). You may elect GPB Option 2 only if the
annuitant is age 75 (70 for QP contracts) or younger when the contract is
issued. If you are purchasing an IRA, QP or Rollover TSA contract, before you
either purchase GPB Option 2 or elect GPB Option 1 with a maturity year that
would extend beyond the year in which you will reach age 70-1/2, you should
consider whether your value in the variable investment options, guaranteed
interest option and permissible funds outside this contract are sufficient to
meet your required minimum distributions. See "Tax information" later in this
Prospectus. If you elect GPB Option 2 and change ownership of the contract, GPB
Option 2 will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.


GUARANTEED PRINCIPAL BENEFIT OPTION 1 (UNDER CERTAIN CONTRACTS, THIS FEATURE IS
CALLED "PRINCIPAL ASSURANCE"). Under GPB Option 1, you select a fixed maturity
option at the time you sign your application. We


30  Contract features and benefits




specify the portion of your initial contribution (plus any applicable portion
of the credit we pay) to be allocated to that fixed maturity option in an
amount that will cause the maturity value to equal the amount of your entire
initial contribution (plus any credit paid under your contract) on the fixed
maturity option's maturity date. The percentage of your contribution allocated
to the fixed maturity option will be calculated based upon the rate to maturity
then in effect for the fixed maturity option you choose. Your contract will
contain information on the amount of your contribution allocated to the fixed
maturity option. The maturity date you select generally may not be later than
10 years, or earlier than 7 years from your contract date. If you make any
withdrawals or transfers from the fixed maturity option before the option's
maturity date, the amount in the fixed maturity option will be adjusted and may
no longer grow to equal your initial contribution under GPB Option 1. You may
allocate the remainder of your initial contribution to the variable investment
options and guaranteed interest option however you choose (unless you elect a
dollar cost averaging program, in which case the remainder of your initial
contribution must be allocated to the dollar cost averaging program). Upon the
maturity date of the fixed maturity option, you will be provided with the same
notice and the same choices with respect to the maturity value as described
above under "Your choices at the maturity date." There is no charge for GPB
Option 1. If GPB option 1 continues under the successor owner/  annuitant
feature, the account value will be reduced by the amount of any Credit
attributable to any contributions made within one year of your death. If any
portion of the Credit must be recovered from the fixed maturity option selected
under GPB Option 1, the amount in the fixed maturity option may not grow to
equal your initial contribution plus any applicable credit under GPB option 1.

GUARANTEED PRINCIPAL BENEFIT OPTION 2. You may purchase GPB Option 2 at the
time you apply for your contract. IF YOU PURCHASE GPB OPTION 2, YOU MAY NOT
MAKE ADDITIONAL CONTRIBUTIONS TO YOUR CONTRACT AFTER SIX MONTHS FROM THE
CONTRACT ISSUE DATE OR AT ANY EARLIER TIME IF AT SUCH TIME THE THEN APPLICABLE
RATE TO MATURITY ON THE SPECIAL 10 YEAR FIXED MATURITY OPTION IS 3%. Therefore,
any discussion in this Prospectus that involves any additional contributions
after the first six months will be inapplicable. This feature is not available
under all contracts.


We specify the portion of your initial contribution (including any applicable
portion of the credit we pay), and any additional permitted contributions, to
be allocated to a Special 10 year fixed maturity option. Your contract will
contain information on the percentage of applicable contributions allocated to
the Special 10 year fixed maturity option. You may allocate the rest of your
contributions among the investment options (other than the Special 10 year
fixed maturity option) however you choose, as permitted under your contract and
other than the Investment simplifier (unless you elect a dollar cost averaging
program, in which case all contributions, other than amounts allocated to the
Special 10 year fixed maturity option, must be allocated to the dollar cost
averaging program). The Special 10 year fixed maturity option will earn
interest at the specified rate to maturity then in effect.

If on the 10th contract date anniversary, your annuity account value is less
than the amount that is guaranteed under GPB Option 2, we will increase your
annuity account value to be equal to the guaranteed amount under GPB Option 2.
Any such additional amounts added to your annuity account value will be
allocated to the EQ/Money Market investment option. After the maturity date of
the Special 10 year fixed maturity option, the guarantee under GPB Option 2
will terminate. Upon the maturity date of the Special 10 year fixed maturity
option, you will be provided with the same notice and the same choices with
respect to the maturity value as described above under "Your choices at the
maturity date." The guaranteed amount under GPB Option 2 is equal to your
initial contribution adjusted for any additional permitted contributions
(excluding any credit applied to your contract), transfers out of the Special
10 year fixed maturity option and withdrawals from the contract (see "How
withdrawals (and transfers out of the Special 10 year fixed maturity option)
affect your Guaranteed minimum income benefit, Guaranteed minimum death benefit
and Guaranteed principal benefit option 2" in "Accessing your money" later in
this Prospectus). Any transfers or withdrawals from the Special 10 year fixed
maturity option will also be subject to a market value adjustment (see "Market
value adjustment" under "Fixed maturity options" above in this section).

Once you purchase the Guaranteed principal benefit option 2, you may not
voluntarily terminate this benefit. GPB Option 2 will terminate if the contract
terminates before the maturity date of the Special 10 year fixed maturity
option. If the owner and the annuitant are different people and the owner dies
before the maturity date of the Special 10 year fixed maturity option, we will
continue GPB Option 2 only if the contract can continue through the maturity
date of the Special 10 year fixed maturity option. If the contract cannot so
continue, we will terminate GPB Option 2. GPB Option 2 will continue where
there is a successor owner/annuitant. However, the account value will be
reduced by the amount of any Credit attributable to any contributions made
within one year of your death. If any portion of the Credit must be recovered
from the Special 10-year fixed maturity option, the fixed maturity amount would
be affected; however, the guaranteed amount under GPB option 2 will not be
affected. GPB Option 2 will terminate upon the exercise of the beneficiary
continuation option. See "Payment of death benefit" later in this Prospectus
for more information about the continuation of the contract after the death of
the owner and/or the annuitant.

There is a fee associated with GPB Option 2 (see "Charges and expenses" later
in this Prospectus). You should note that the purchase of GPB Option 2 is not
appropriate if you want to make additional contributions to your contract
beyond the first six months after your contract is issued. If you later decide
that you would like to make additional contributions to the Accumulator(R)
Plus(SM) contract, we may permit you to purchase another contract. If we do,
however, you should note that we do not reduce or waive any of the charges on
the new contract, nor do we guarantee that the features available under this
contract will be available under the new contract. This means that you might
end up paying more with respect to certain charges than if you had simply
purchased a single contract (for example, the administrative charge).

The purchase of GPB Option 2 is also not appropriate if you plan on terminating
your contract before the maturity date of the Special 10

                                              Contract features and benefits  31



year fixed maturity option. In addition, because we prohibit contributions to
your contract after the first six months, certain contract benefits that are
dependent upon contributions or account value will be limited (for example the
amount of your credit, the Guaranteed death benefits and Protection Plus). You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option or other fixed maturity
options, the purchase of GPB Option 2 may not be appropriate because of the
guarantees already provided by these options. In addition, GPB Option 2
protects only contributions (not including the credit), and therefore your
account value would have to decline in an amount greater than the credit in
order for the benefit to apply. An example of the effect of GPB Option 1 and
GPB Option 2 on your annuity contract is included in Appendix VI later in this
Prospectus.

DOLLAR COST AVERAGING

We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit's value is low and fewer units if the unit's value is high. Therefore, you
may get a lower average cost per unit over the long term. This plan of
investing, however, does not guarantee that you will earn a profit or be
protected against losses. You may not make transfers to the fixed maturity
options.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.


If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The dollar cost averaging program will then end. You may
change the transfer amount once each contract year or cancel this program at
any time.

INVESTMENT SIMPLIFIER

Fixed-dollar option. Under this option, you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Transfers may be made on a monthly,
quarterly or annual basis. You can specify the number of transfers or instruct
us to continue to make transfers until all available amounts in the guaranteed
interest option have been transferred out.

In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. The fixed-dollar option is subject to the guaranteed
interest option transfer limitations described under "Transferring your account
value" in "Transferring your money among investment options" later in this
Prospectus. While the program is running, any transfer that exceeds those
limitations will cause the program to end for that contract year. You will be
notified. You must send in a request form to resume the program in the next or
subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.


Interest sweep option. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. The transfer date will be the last business
day of the month. The amount we will transfer will be the interest credited to
amounts you have in the guaranteed interest option from the last business day
of the prior month to the last business day of the current month. You must have
at least $7,500 in the guaranteed interest option on the date we receive your
election. On the last day of each month, we check to see whether you have at
least $7,500 in the guaranteed interest option. We will automatically cancel
the interest sweep program if the amount in the guaranteed interest option is
less than $7,500 on the last day of the month for two months in a row. For the
interest sweep option, the first monthly transfer will occur on the last
business day of the month following the month that we receive your election
form at our processing office.
                      ----------------------------------
You may not currently participate in any dollar cost averaging program if you
are participating in the Option II rebalancing program. If you elect a GPB, you
may also elect the General dollar cost averaging program. If you elect either
of these programs, everything other than amounts allocated to the fixed
maturity option under the GPB must be allocated to that dollar cost averaging
program. You may still elect the Investment simplifier for amounts transferred
from investment options (other than the fixed maturity option under the GPB you
have elected), and, for GPB Option 1, you may also elect Investment simplifier
for subsequent contributions. You may only participate in one dollar cost
averaging program at a time. See "Transferring your money among investment
options" later in this Prospectus. Also, for information on how the dollar cost
averaging program you select may affect certain guaranteed benefits see
"Guaranteed minimum death benefit and Guaranteed minimum income benefit (or the
"Living Benefit") base" below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states. See Appendix VIII later in this
Prospectus for more information on state availability.


32  Contract features and benefits



CREDITS
A credit will also be allocated to your account value at the same time that we
allocate your contribution. Credits are allocated to the same investment
options based on the same percentages used to allocate your contributions. If
you elected Principal Protector(SM) the credit amounts attributable to your
contributions are not included for purposes of calculating your Guaranteed
withdrawal benefit ("GWB") (see "Principal Protector(SM)" later in this
Prospectus for more information) benefit base.
The amount of the credit will be 4%, 4.5% or 5% of each contribution based on
the following breakpoints and rules:


- --------------------------------------------------------------------------------
                                       Credit percentage
First year total contributions*         applied to
         Breakpoints                  contributions+
- --------------------------------------------------------------------------------
Less than $500,000                           4%
$500,000-$999,999.99                        4.5%
$1 million or more                           5%
- --------------------------------------------------------------------------------


- ----------------------

*    First year total contributions means your total contributions made in the
     first contract year.

+    If you already own an Accumulator(R) Plus contract, the credit percentages
     applied to your contributions may be higher. See Appendix IX for the credit
     percentages that apply to your contract.

The percentage of the credit is based on your first year total contributions.
If you purchase GPB Option 2, you may not make additional contributions after
the first six months. This credit percentage will be credited to your initial
contribution and each additional contribution made in the first contract year
(after adjustment as described below), as well as those in the second and later
contract years. The credit will apply to an additional contribution only to the
extent that the sum of that contribution and all prior contributions to which
no Credit was applied exceeds the total withdrawals made from the contract
since the issue date.(1) Although the credit, as adjusted at the end of the
first contract year, will be based upon first year total contributions, the
following rules affect the percentage with which contributions made in the
first contract year are credited during the first contract year:


o  Indication of intent: If you indicate in the application at the time you
   purchase your contract an intention to make additional contributions to
   meet one of the breakpoints (the "Expected First Year Contribution
   Amount") and your initial contribution is at least 50% of the Expected
   First Year Contribution Amount, your credit percentage will be as follows:

   o For any contributions resulting in total contributions to date less
     than or equal to your Expected First Year Contribution Amount, the credit
     percentage will be the percentage that applies to the Expected First Year
     Contribution Amount based on the table above.

   o For any subsequent contribution that results in your total contri-
     butions to date exceeding your Expected First Year Contribution Amount,
     such that the credit percentage should have been higher, we will increase
     the credit percentage applied to that contribution, as well as any prior
     or subsequent contributions made in the first contract year, accordingly.

   o If at the end of the first contract year your total contributions
     were lower than your Expected First Year Contribution Amount such that the
     credit applied should have been lower, we will recover any Excess Credit.
     The Excess Credit is equal to the difference between the credit that was
     actually applied based on your Expected First Year Contribution Amount (as
     applicable) and the credit that should have been applied based on first
     year total contributions.

   o The "Indication of intent" approach to first year contributions is
     not available in all states. Please see Appendix VIII later in this
     Prospectus for information on state availability.

o  No indication of intent:

   o For your initial contribution (if available in your state) we will apply
     the credit percentage based upon the above table.

   o For any subsequent contribution that results in a higher applicable
     credit percentage (based on total contributions to date), we will increase
     the credit percentage applied to that contribution, as well as any prior or
     subsequent contributions made in the first contract year, accordingly.

In addition to the recovery of any Excess Credit, we will recover all of the
credit or a portion of the credit in the following situations:


o If you exercise your right to cancel the contract, we will recover the entire
  credit made to your contract (see "Your right to cancel within a certain
  number of days" later in this Prospectus)(2)


o If you start receiving annuity payments within three years of making any
  contribution, we will recover the credit that applies to any contribution made
  within the prior three years. Please see Appendix VIII later in this
  Prospectus for information on state variations.


o If the annuitant dies during the one-year period following our receipt of a
  contribution to which a credit was applied, we will recover the amount of such
  Credit.(3) See "Guaranteed principal benefit option 1" and "Guaranteed
  principal benefit option 2" earlier in this section; "Guaranteed minimum death
  benefit," "Principal Protector(SM)" and "Protection Plus(SM)" later in this
  section; and "Your beneficiary and payment of benefit"; "Successor owner and
  annuitant"; "Spousal protection"; and "Beneficiary continuation option" in
  "Payment of death benefit," later in this Prospectus.

We will recover any credit on a pro rata basis from the value in your variable
investment options and guaranteed interest option. If there is insufficient
value or no value in the variable investment options and guaranteed interest
option, the fixed maturity options in order of the


- ----------------------


(1)  See Appendix IX later in this Prospectus for contract variations. The
     application of this net crediting feature is subject to state approval.

(2)  The amount we return to you upon exercise of this right to cancel will not
     include any credit or the amount of charges deducted prior to cancellation
     but will reflect, except in states where we are required to return the
     amount of your contributions, any investment gain or loss in the variable
     investment options associated with your contributions and with the full
     amount of the credit.

(3)  Recovery of such credit is subject to state approval. See Appendix IX later
     in this Prospectus for contract variations.


                                              Contract features and benefits  33




earliest maturing date(s), any additional amount of the withdrawal required or
the total amount of the withdrawal will be withdrawn from the Special 10 year
fixed maturity option. A market value adjustment may apply to withdrawals from
the fixed maturity options.


We do not consider credits to be contributions for purposes of any discussion
in this Prospectus. Credits are also not considered to be part of your
investment in the contract for tax purposes.

We use a portion of the mortality and expense risks charge and withdrawal
charge to help recover our cost of providing the credit. See "Charges and
expenses" later in this Prospectus. The charge associated with the credit may,
over time, exceed the sum of the credit and any related earnings. You should
consider this possibility before purchasing the contract.


GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit (known as the "Living Benefit"
under certain existing contracts) and the death benefits, as described in this
section. The benefit base for the Guaranteed minimum income benefit and an
enhanced death benefit will be calculated as described below in this section
whether these options are elected individually or in combination. Your benefit
base is not an account value or a cash value. See also "Guaranteed minimum
income benefit option" and "Guaranteed minimum death benefit" below.

STANDARD DEATH BENEFIT. Your benefit base is equal to:

o your initial contribution and any additional contributions to the contract;
  less


o a deduction that reflects any withdrawals you make (including any applicable
  withdrawal charges). The amount of this deduction is described under "How
  withdrawals (and transfers out of the Special 10 year fixed maturity option)
  affect your Guaranteed minimum income benefit, Guaranteed minimum death
  benefit and Guaranteed principal benefit option 2" in "Accessing your money"
  later in this Prospectus. The amount of any withdrawal charge is described
  under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

6% (OR 5%) ROLL-UP TO AGE 85 (USED FOR THE 6% ROLL-UP TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 ENHANCED DEATH
BENEFIT OR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE
GUARANTEED MINIMUM INCOME BENEFIT). Your benefit base is equal to:


o your initial contribution and any additional contributions to the contract;
  plus

o daily roll-up; less


o a deduction that reflects any withdrawals you make (including any applicable
  withdrawal charges). The amount of this deduction is described under "How
  withdrawals (and transfers out of the Special 10 year fixed maturity option)
  affect your Guaranteed minimum income benefit, Guaranteed minimum death
  benefit and Guaranteed principal benefit option 2" in "Accessing your money"
  and the section entitled "Charges and expenses" later in this Prospectus. The
  amount of any withdrawal charge is described under "Withdrawal charge" in
  "Charges and expenses" later in the Prospectus.


The effective annual roll-up rate credited to this benefit base is:


o 6% (or 5%) with respect to the variable investment options (other than
  EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market and
  EQ/Short Duration Bond); the effective annual rate is 4% in Washington. Please
  see Appendix VIII later in this Prospectus to see what roll-up rate applies in
  your state or Appendix IX for what applies to your contract; and

o 3% with respect to the EQ/AllianceBernstein Intermediate Government
  Securities, EQ/Money Market and EQ/Short Duration Bond, the fixed maturity
  options, the Special 10 year fixed maturity option, the guaranteed interest
  option and the loan reserve account under Rollover TSA (if applicable).

The benefit base stops rolling up after the contract date anniversary following
the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 OR THE ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to the greater of either:


o your initial contribution to the contract and any additional contributions,

                                      or

o your highest account value on any contract date anniversary up to the contract
  date anniversary following the annuitant's 85th birthday, plus any
  contributions made since the most recent Annual Ratchet,


                                      less

o a deduction that reflects any withdrawals you make (including any applicable
  withdrawal charges). The amount of the deduction is described under "How
  withdrawals (and transfers out of the Special 10 year fixed maturity option)
  affect your Guaranteed minimum income benefit, Guaranteed minimum death
  benefit and Guaranteed principal benefit option 2" in "Accessing your money"
  later in this Prospectus. The amount of any withdrawal charge is described
  under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit
base is equal to the greater of the benefit base computed for the 6% (or 5%)
Roll-Up to age 85 or the benefit base computed for the Annual Ratchet to age
85, as described immediately above, on each contract date anniversary. For the
Guaranteed minimum income benefit, the benefit base is reduced by any
applicable withdrawal charge remaining when the option is exercised. For more
information, see "Withdrawal charge" in "Charges and expenses" later in the
Prospectus.


34  Contract features and benefits



GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET. If both the Guaranteed minimum income benefit AND the
Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
death benefit (the "Greater of enhanced death benefit") are elected, you may
reset the Roll-Up benefit base for these guaranteed benefits to equal the
account value as of the 5th or later contract date anniversary. The reset
amount would equal the account value as of the contract date anniversary on
which you reset your Roll-Up benefit base. The 6% Roll-Up continues to age 85
on any reset benefit base.

We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base your RollUp benefit will not be eligible for another reset for
five years. If after your death your spouse continues this contract as
Successor owner/annuitant, the benefit base will be eligible to be reset either
five years from the contract date or from the last reset date, if applicable.
The last age at which the benefit base is eligible to be reset is annuitant age
75.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of reset; you may not exercise until the tenth contract date
anniversary following the reset or, if later, the earliest date you would have
been permitted to exercise without regard to the reset. See "Exercise rules"
under "Guaranteed minimum income benefit option" below for more information.
Please note that in almost all cases, resetting your Roll-Up benefit base will
lengthen the exercise waiting period. Also, even when there is no additional
charge when you reset your Roll-Up benefit base, the total dollar amount
charged on future contract date anniversaries may increase as a result of the
reset since the charges may be applied to a higher benefit base than would have
been otherwise applied. See "Charges and expenses" in the Prospectus.

The Roll-Up benefit base for both the Greater of enhanced death benefit and the
Guaranteed minimum income benefit are reset simultaneously when you request a
Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


For information about whether the Guaranteed death benefit/
Guaranteed minimum income benefit roll-up benefit base reset is available under
your contract, please see Appendix IX later in this Prospectus. The
availability of the Guaranteed minimum death benefit/  guaranteed minimum
income benefit roll-up benefit base reset is also subject to state approval.
Please contact your financial professional for more information about
availability in your state.

ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed under "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
under "Your annuity payout options" in "Accessing your money" later in this
Prospectus. Your contract specifies different guaranteed annuity purchase
factors for the Guaranteed minimum income benefit and the annuity payout
options. We may provide more favorable current annuity purchase factors for the
annuity payout options. Annuity purchase factors are based on interest rates,
mortality tables, frequency of payments, the form of annuity benefit, and the
annuitant's (and any joint annuitant's) age and sex in certain instances.

GUARANTEED MINIMUM INCOME BENEFIT OPTION


(DEPENDING ON WHEN YOU PURCHASED YOUR CONTRACT, THIS BENEFIT MAY BE CALLED THE
"LIVING BENEFIT." SEE APPENDIX IX LATER IN THIS PROSPECTUS FOR MORE
INFORMATION.)


The Guaranteed minimum income benefit is available if the annuitant is age 20
through 75 at the time the contract is issued. There is an additional charge
for the Guaranteed minimum income benefit which is described under "Guaranteed
minimum income benefit charge" in "Charges and expenses" later in this
Prospectus. Once you purchase the Guaranteed minimum income benefit, you may
not voluntarily terminate this benefit.


This feature is not available if you elect a GPB option or Principal
Protector(SM). If you are an existing contract owner, the Guaranteed minimum
income benefit rider may have been available with Principal assurance.

If the annuitant was older than age 60 at the time an IRA, QP or Rollover TSA
contract was issued, the Guaranteed minimum income benefit may not be an
appropriate feature because the minimum distributions required by tax law
generally must begin before the Guaranteed minimum income benefit can be
exercised. If the owner and annuitant are different in an NQ contract, there
may be circumstances where the benefit may not be exercisable after an owner's
death.

Depending on when you purchased your contract, if you elect the Guaranteed
minimum income benefit option and change ownership of the contract, this
benefit will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information. Also, for more
information about when the Guaranteed minimum income benefit will terminate
under your contract, please see Appendix IX later in this Prospectus.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. If you are an existing contract owner, your
options may be different. See Appendix IX later in this Prospectus for more
information. You choose which of these payout options you want and whether you
want the option to be paid on a single or joint life basis at the time you
exercise your Guaranteed minimum income benefit. The maximum period certain
available under the life with a period certain payout option is 10 years. This
period may be shorter, depending on the annuitant's age as follows:


                                              Contract features and benefits  35



- --------------------------------------------
              Level payments
- --------------------------------------------
                         Period certain
                             years
                     -----------------------
  Annuitant's age at
      exercise           IRAs         NQ
- -------------------------------------------
    75 and younger       10          10
          76              9          10
          77              8          10
          78              7          10
          79              7          10
          80              7          10
          81              7           9
          82              7           8
          83              7           7
          84              6           6
          85              5           5
- --------------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit, should be regarded as a safety net only.
It provides income protection if you elect an income payout while the annuitant
is alive.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base less, any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit, you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. The guaranteed annuity purchase factors we use to determine
your payout annuity benefit under the Guaranteed minimum income benefit are
more conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic
payment under our standard payout annuity options. Therefore, even if your
account value is less than your benefit base, you may generate more income by
applying your account value to current annuity purchase factors. We will make
this comparison for you when the need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE".  Subject to state
availability, in general, if your account value falls to zero, (except, as
discussed below, if your account value falls to zero due to a withdrawal that
causes your total contract year withdrawals to exceed 6% of the Roll-Up benefit
base as of the beginning of the contract year), the Guaranteed minimum income
benefit will be exercised automatically, based on the annuitant's current age
and benefit base, as follows:


o You will be issued a supplementary contract based on a single life with a
    maximum 10 year period certain. Payments will be made annually starting
    one year from the date the account value fell to zero.

o You will have 30 days from when we notify you to change the payout option
    and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o If your account value falls to zero due to a withdrawal that causes your total
  contract year withdrawals to exceed 6% of the Roll-Up benefit base (as of the
  beginning of the contract year);

o If your aggregate withdrawals during any contract year exceed 6% of the
  Roll-Up benefit base (as of the beginning of the contract year);


o On the contract date anniversary following the annuitant's 85th birthday.

For information about whether the Guaranteed minimum income benefit no lapse
guarantee is available under your contract, please see Appendix IX later in
this Prospectus. The availability of the Guaranteed minimum income benefit no
lapse guarantee is dependent on when, and in what state, you purchased your
contract. Please see Appendices VIII and IX, later in this Prospectus.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male annuitant age
60 (at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options (including the Special 10 year fixed maturity option, if
available) or the loan reserve account under Rollover TSA contracts.


36  Contract features and benefits



- -----------------------------------------------------
                                Guaranteed minimum
      Contract date        income benefit -- annual
 anniversary at exercise   income payable for life
- -----------------------------------------------------
            10                    $11,891
            15                    $18,597
- -----------------------------------------------------

EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us
along with all required information within 30 days following your contract date
anniversary in order to exercise this benefit. You will begin receiving annual
payments one year after the annuity payout contract is issued. If you choose
monthly or quarterly payments, you will receive your payment one month or one
quarter after the annuity payment contract is issued. You may choose to take a
withdrawal prior to exercising the Guaranteed minimum income benefit, which
will reduce your payments. You may not partially exercise this benefit. See
"Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death, or if later, the end of the period certain
(where the payout option chosen includes a period certain).

EXERCISE RULES.  You will be eligible to exercise the Guaranteed minimum income
benefit during your life and the annuitant's life, as follows:


o If the annuitant was at least age 20 and not older than age 44 when the
  contract was issued, you are eligible to exercise the Guaranteed minimum
  income benefit within 30 days following each contract date anniversary
  beginning with the 15th contract date anniversary.

o If the annuitant was at least age 45 and not older than age 49 when the
  contract was issued, you are eligible to exercise the Guaranteed minimum
  income benefit within 30 days following each contract date anniversary after
  the annuitant is age 60.


o If the annuitant was at least age 50 and no older than age 75 when the
  contract was issued, you are eligible to exercise the Guaranteed minimum
  income benefit within 30 days following each contract date anniversary
  beginning with the 10th contract date anniversary.

Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit is
      within 30 days following the contract date anniversary following the
      annuitant's 85th birthday;


(ii)  if the annuitant was age 75 when the contract was issued or the Roll-Up
      benefit base was reset, if applicable, the only time you may exercise the
      Guaranteed minimum income benefit is within 30 days following the contract
      date anniversary following the annuitant's attainment of age 85.


(iii) for Accumulator(R) Plus(SM) QP contracts, the Plan participant can
      exercise the Guaranteed minimum income benefit only if he or she elects to
      take a distribution from the Plan and, in connection with this
      distribution, the Plan's trustee changes the ownership of the contract to
      the participant. This effects a rollover of the Accumulator(R) Plus(SM) QP
      contract into an Accumulator(R) Rollover IRA. This process must be
      completed within the 30-day timeframe following the contract date
      anniversary in order for the Plan participant to be eligible to exercise.
      However, if the Guaranteed minimum income benefit is automatically
      exercised as a result of the no lapse guarantee (if available), a rollover
      into an IRA will not be effected and payments will be made directly to the
      trustee;

(iv)  for Accumulator(R) Plus(SM) Rollover TSA contracts, you may exercise the
      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Plus(SM) Rollover IRA. This may only occur
      when you are eligible for a distribution from the TSA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise;


(v)   if you reset the Roll-Up benefit base (if available and as described
      earlier in this section), your new exercise date will be the tenth
      contract date anniversary following the reset or, if later, the earliest
      date you would have been permitted to exercise without regard to the
      reset. Please note that in almost all cases, resetting your Roll-Up
      benefit base will lengthen the waiting period;

(vi)  a successor owner/annuitant may only continue the Guaranteed minimum
      income benefit if the contract is not past the last date on which the
      original annuitant could have exercised the benefit. In addition, the
      successor owner/annuitant must be eligible to continue the benefit and to
      exercise the benefit under the applicable exercise rule (described in the
      above bullets) using the following additional rules. The successor
      owner/annuitant's age on the date of the annuitant's death replaces the
      annuitant's age at issue for purposes of determining the availability of
      the benefit and which of the exercise rules applies. The original contract
      issue date will continue to apply for purposes of the exercise rules. If
      Spousal Protection is available under your contract and is elected, and
      the spouse who is the annuitant dies, the above rules apply if the
      contract is continued by the surviving spouse as the successor owner
      annuitant; and


(vii) if you are the owner but not the annuitant and you die prior to exercise,
      then the following applies:


     o    A successor owner who is not the annuitant may not be able to exercise
          the guaranteed minimum income benefit without causing a tax problem.
          You should consider naming the annuitant as successor owner, or if you
          do not name a successor owner, as the sole primary beneficiary. You
          should carefully review your successor owner and/or beneficiary
          designations at least one year prior to the first contract date
          anniversary on which you could exercise the benefit.

     o    If the successor owner is the annuitant, the guaranteed minimum income
          benefit continues only if the benefit could be exercised under the
          rules described above on a contract date anniversary that is within
          one year following the own-


                                              Contract features and benefits  37



          er's death. This would be the only opportunity for the successor owner
          to exercise. If the guaranteed minimum income benefit cannot be
          exercised within this timeframe, the benefit will terminate and the
          charge for it will no longer apply as of the date we receive proof of
          your death and any required information.


     o    If you designate your surviving spouse as successor owner, the
          guaranteed minimum income benefit continues and your surviving spouse
          may exercise the benefit according to the rules described above, even
          if your spouse is not the annuitant and even if the benefit is
          exercised more than one year after your death. If your surviving
          spouse dies prior to exercise, the rule described in the previous
          bullet applies.


     o    A successor owner or beneficiary that is a trust or other non-natural
          person may not exercise the benefit; in this case, the benefit will
          terminate and the charge for it will no longer apply as of the date we
          receive proof of your death and any required information.

See "When an NQ contract owner dies before the annuitant" under "Payment of
death benefit" later in this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals (and transfers out of the Special 10 year fixed
maturity option) affect your Guaranteed minimum income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" and the section entitled "Charges and expenses" later in this
Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions (adjusted for any withdrawals and any withdrawal charges, and any
taxes that apply). The standard death benefit is the only death benefit
available for annuitant ages 76 to 80 at issue. If you are an existing contract
owner, the applicable issue ages may be different. Please see Appendix IX later
in this Prospectus for more information. Once your contract is issued, you may
not change or voluntarily terminate your death benefit.

If you elect one of the guaranteed death benefits, the death benefit is equal
to your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
annuitant's death, any required instructions for the method of payment,
information and forms necessary to effect payment, OR your elected guaranteed
death benefit on the date of the annuitant's death (adjusted for any subsequent
withdrawals, withdrawal charges and taxes that apply) whichever provides the
higher amount. If you elect the Spousal protection option, if available, the
Guaranteed minimum death benefit is based on the age of the older spouse, who
may or may not be the annuitant, for the life of the contract. See "Spousal
protection" in "Payment of death benefit" later in this Prospectus for more
information.

Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.

If the annuitant dies during the one-year period following our receipt of a
contribution, the account value used to calculate the applicable guaranteed
minimum death benefit will not reflect any Credits applied in the one-year
period prior to death.

OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR ANNUITANTS AGES 0 THROUGH 75 AT
ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE OF ROLLOVER IRA, ROTH CONVERSION
IRA AND ROLLOVER TSA CONTRACTS; AND 20 THROUGH 70 AT ISSUE OF QP CONTRACTS. IF
YOU ALREADY OWN A CONTRACT, YOUR AVAILABLE ISSUE AGES MAY HAVE BEEN OLDER AT
THE TIME YOU PURCHASED YOUR CONTRACT.

Subject to state availability (please see Appendix VIII later in this
Prospectus for contract and state availability of these benefits), you may
elect one of the following enhanced death benefits:


o Annual Ratchet to age 85.


o 6% Roll-Up to age 85. (no longer available)

o The Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to age 85. (no
  longer available)

o The Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.


If you elect Principal Protector(SM), only the standard death benefit and the
Annual Ratchet to Age 85 enhanced death benefit are available.


Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals (and transfers out of the Special 10 year fixed
maturity option) affect your Guaranteed minimum income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" and the section entitled "Charges and expenses" later in this
Prospectus for more information on these guaranteed benefits.

See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced minimum death benefit.

PROTECTION PLUS(SM)


Subject to state and contract variation availability (see Appendices VIII and
IX later in this Prospectus for more information), if you are pur-


38  Contract features and benefits



chasing a contract, under which the Protection Plus(SM) feature is available,
you may elect the Protection Plus(SM) death benefit at the time you purchase
your contract. Protection Plus(SM) provides an additional death benefit as
described below. See the appropriate part of "Tax information" later in this
Prospectus for the potential tax consequences of electing to purchase the
Protection Plus(SM) feature in an NQ, IRA or Rollover TSA contract. Once you
purchase the Protection Plus(SM) feature, you may not voluntarily terminate the
feature. If you elect Principal Protector(SM), the Protection Plus(SM) feature
is not available.


Depending on when you purchased your contract, if you elect the Protection
Plus(SM) option described below and change ownership of the contract, generally
this benefit will automatically terminate, except under certain circumstances.
See "Transfers of ownership, collateral assignments, loans and borrowing" in
"More information," later in this Prospectus for more information.


If the annuitant is 70 or younger when we issue your contract (or if the
successor owner/annuitant is 70 or younger when he or she becomes the successor
owner/annuitant and Protection Plus(SM) had been elected at issue), the death
benefit will be:

the greater of:

o the account value or

o any applicable death benefit

Increased by:

o  such death benefit less total net contributions, multiplied by 40%.


For purposes of calculating your Protection Plus(SM) benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the successor owner/annuitant election not been made plus any
subsequent contributions) adjusted for each withdrawal that exceeds your
Protection Plus(SM) earnings. "Net contributions" are reduced by the amount of
that excess. Protection Plus(SM) earnings are equal to (a) minus (b) where (a)
is the greater of the account value and the death benefit immediately prior to
the withdrawal and (b) is the net contributions as adjusted by any prior
withdrawals (credit amounts are not included in "net contributions"); and (ii)
"Death benefit" is equal to the greater of the account value as of the date we
receive satisfactory proof of death or any applicable Guaranteed minimum death
benefit as of the date of death. If you are an existing contract owner and not a
new purchaser, your net contributions may be reduced on a pro rata basis to
reflect withdrawals (including withdrawal charges and any TSA loans). For
information about what applies to your contract, see Appendix IX later in this
Prospectus.


For purposes of calculating the Protection Plus(SM) benefit, if any
contributions are made in the one-year period prior to death of the annuitant,
the account value will not include any Credits applied in the one-year period
prior to death.


If the annuitant is age 71 through 75 (this age may be higher under certain
existing contracts) when we issue your contract (or if the successor
owner/annuitant is between the ages of 71 and 75 when he or she becomes the
successor owner/annuitant and Protection Plus(SM) had been elected at issue),
the death benefit will be:


the greater of:

o the account value or

o any applicable death benefit

Increased by:

o  such death benefit (as described above) less total net contributions,
    multiplied by 25%.

The value of the Protection Plus(SM) death benefit is frozen on the first
contract date anniversary after the annuitant turns age 80, except that the
benefit will be reduced for withdrawals on a pro rata basis. Reduction on a pro
rata basis means that we calculate the percentage of the current account value
that is being withdrawn and we reduce the benefit by that percentage. For
example, if the account value is $30,000 and you withdraw $12,000, you have
withdrawn 40% of your account value. If the benefit is $40,000 before the
withdrawal, it would be reduced by $16,000 ($40,000 X .40) and the benefit
after the withdrawal would be $24,000 ($40,000-$16,000).

For an example of how the Protection Plus(SM) death benefit is calculated,
please see Appendix VII.

If you elect Spousal protection, the Protection Plus(SM) benefit is based on the
age of the older spouse, who may or may not be the annuitant. Upon the death of
the non-annuitant spouse, the account value will be increased by the value of
the Protection Plus(SM) benefit as of the date we receive due proof of death.
Upon the death of the annuitant, the value of the Protection Plus(SM) benefit is
either added to the death benefit payment or to the account value if Successor
owner/annuitant is elected. If the surviving spouse elects to continue the
contract, the benefit will be based on the age of the surviving spouse as of
the date of the deceased spouse's death for the remainder of the contract if
the surviving spouse is age 75 or older, the benefit will terminate and the
charge will no longer be in effect. See "Spousal protection" in "Payment of
death benefit" later in this Prospectus for more information.

Protection Plus(SM) must be elected when the contract is first issued; neither
the owner nor the successor owner/annuitant can add it subsequently. Ask your
financial professional or see Appendix VIII later in this Prospectus to see if
this feature is available in your state.

PRINCIPAL PROTECTOR(SM)

As described below, Principal Protector(SM) provides for recovery of your total
contributions through withdrawals, even if your account value falls to zero,
provided that during each contract year, your total withdrawals do not exceed
your Guaranteed Annual withdrawal amount. Principal Protector(SM) is not an
automated withdrawal program. You may request a withdrawal through any of our
available withdrawal methods. See "Withdrawing your account value" in
"Accessing your money" later in this Prospectus. All withdrawals reduce your
account value and the guaranteed minimum death benefit.

Principal Protector(SM) may be elected at contract issue, for an additional
charge, if the annuitant is age 0 through 80 for NQ contracts or age 20 through
75 for all IRA contracts. Please see "Principal Protector(SM) charge" in
"Charges and expenses" later in this Prospectus for a description of the charge
and when it applies. If you elect this benefit, you cannot terminate it.

                                              Contract features and benefits  39




If you are an existing contract owner, this feature may not be available under
your contract. See Appendix IX later in this Prospectus for more information.


If you die, and your beneficiary elects the Beneficiary continuation option, if
available, your beneficiary may continue Principal Protector(SM) provided that
the beneficiary was 75 or younger on the original contract date. If the
beneficiary was older, Principal Protector(SM) will terminate without value even
if the GWB benefit base is greater than zero. In the case of multiple
beneficiaries, any beneficiary older than 75 may not continue Principal
Protector(SM) and that beneficiary's portion of the GWB benefit base will
terminate without value, even if it was greater than zero. The ability to
continue Principal Protector(SM) under the Beneficiary continuation option is
subject to state availability. When and if it is approved in your state, it
will be added to your contract if you had already elected GWB. See "Beneficiary
continuation option" under "Payment of death benefit" later in the Prospectus
for more information on continuing Principal Protector(SM) under the Beneficiary
continuation option.


If you are purchasing this contract as a TSA or QP, Principal Protector(SM) is
not available. This benefit is also not available if you elect the Guaranteed
minimum income benefit, the Greater of 6% Roll-Up to age 85 and Annual Ratchet
to Age 85 enhanced death benefit, Protection Plus(SM), or GPB Option 1 or GPB
Option 2. This benefit may not be available under your contract. For more
information, please see Appendix IX later in this Prospectus.


If you elect the Principal Protector(SM) option and change ownership of the
contract, generally this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

You should not purchase Principal Protector(SM) if you plan to take withdrawals
in excess of your GWB Annual withdrawal amount because those withdrawals
significantly reduce or eliminate the value of the benefit. See "Effect of GWB
Excess withdrawals" below. For traditional IRAs, the Principal Protector(SM)
makes provision for you to take lifetime required minimum distributions
("RMDs") without losing the value of the Principal Protector(SM) guarantee,
provided you comply with the conditions under "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus,
including utilizing our Automatic RMD service. If you do not expect to comply
with these conditions, including utilization of our Automatic RMD service, this
benefit may have limited usefulness for you and you should consider whether it
is appropriate. Please consult your tax adviser.

YOUR GWB BENEFIT BASE

At issue, your GWB benefit base is equal to your initial contribution and will
increase or decrease, as follows:

o Your GWB benefit base increases by the dollar amount of any additional
    contributions.

o Your GWB benefit base decreases by the dollar amount of withdrawals.

o Your GWB benefit base may be further decreased if a withdrawal is taken in
    excess of your GWB Annual withdrawal amount.

o Your GWB benefit base may also be increased under the Optional step up
    provision.

o Your GWB benefit base may also be increased under the one time step up
    applicable with the Beneficiary continuation option.

Each of these events is described in detail below. Once your GWB benefit base
is depleted, you may continue to make withdrawals from your account value, but
they are not guaranteed under Principal Protector(SM).

Credit amounts attributable to your contributions are not included for purposes
of calculating your GWB benefit base.

YOUR GWB ANNUAL WITHDRAWAL AMOUNT

Your GWB Annual withdrawal amount is equal to either 5% or 7% ("Applicable
percentage"), as applicable, of your initial GWB benefit base, and is the
maximum amount that you can withdraw each year without making a GWB Excess
withdrawal, as described below. When you purchase your contract, you choose
between two available GWB Annual withdrawal options:

o 7% GWB Annual withdrawal option

o 5% GWB Annual withdrawal option

The GWB Annual withdrawal amount may decrease as a result of a GWB Excess
withdrawal and may increase as a result of an Automatic reset, additional
contributions or a "step up" of the GWB benefit base; each of these
transactions are discussed below in detail. Once you elect a GWB Annual
withdrawal option, it cannot be changed.

Your GWB Annual withdrawal amounts are not cumulative. If you withdraw less
than the GWB Annual withdrawal amount in any contract year, you may not add the
remainder to your GWB Annual withdrawal amount in any subsequent year.

The withdrawal charge, if applicable, is waived for withdrawals up to the GWB
Annual withdrawal amount, but all withdrawals are counted toward your free
withdrawal amount. See "Withdrawal charge" in "Charges and expenses" later in
this Prospectus.

EFFECT OF GWB EXCESS WITHDRAWALS

A GWB Excess withdrawal is caused when you withdraw more than your GWB Annual
withdrawal amount in any contract year. Once a withdrawal causes cumulative
withdrawals in a contract year to exceed your GWB Annual withdrawal amount, the
entire amount of the withdrawal and each subsequent withdrawal in that contract
year are GWB Excess withdrawals.

A GWB Excess withdrawal can cause a significant reduction in both your GWB
benefit base and your GWB Annual withdrawal amount. If you make a GWB Excess
withdrawal, we will recalculate your GWB benefit base and the GWB Annual
withdrawal amount. As of the date of the GWB Excess withdrawal, the GWB benefit
base is first reduced by the dollar amount of the withdrawal (including any
applicable withdrawal charge), and the reduced GWB benefit base and the GWB
Annual withdrawal amount are then further adjusted, as follows:

o If the account value after the deduction of the withdrawal is less than the
    GWB benefit base, then the GWB benefit base is reset equal to the account
    value.

40  Contract features and benefits



o If the account value after the deduction of the withdrawal is greater than or
    equal to the GWB benefit base, then the GWB benefit base is not adjusted
    further.

o The GWB Annual withdrawal amount equals the lesser of: (i) the Applicable
    percentage of the adjusted GWB benefit base and (ii) the GWB Annual
    withdrawal amount prior to the GWB Excess withdrawal.

You should not purchase this benefit if you plan to take withdrawals in excess
of your GWB Annual withdrawal amount, as such withdrawals significantly reduce
or eliminate the value of Principal Protector(SM). If your account value is less
than your GWB benefit base (due, for example, to negative market performance),
a GWB Excess withdrawal, even one that is only slightly more than your GWB
Annual withdrawal amount, can significantly reduce your GWB benefit base and
the GWB Annual withdrawal amount.

For example, if you contribute $100,000 at contract issue, your initial GWB
benefit base is $100,000. If you elect the 7% GWB Annual withdrawal option,
your GWB Annual withdrawal amount is equal to $7,000 (7% of $100,000). Assume
in contract year four that your account value is $80,000, you have not made any
prior withdrawals, and you request an $8,000 withdrawal. Your $100,000 benefit
base is first reduced by $8,000 to now equal $92,000. Your GWB benefit base is
then further reduced to equal the new account value: $72,000 ($80,000 minus
$8,000). In addition, your GWB Annual withdrawal amount is reduced to $5,040
(7% of $72,000), instead of the original $7,000.

Withdrawal charges, if applicable, are applied to the amount of the withdrawal
exceeding the GWB Annual withdrawal amount. See "Withdrawal charge" in "Charges
and expenses" later in this Prospectus. You should further note that a GWB
Excess withdrawal that reduces your account value to zero eliminates any
remaining value in your GWB benefit base. See "Insufficient account value" in
"Determining your contract value" later in this Prospectus.

In general, if you purchase this contract as a traditional IRA and participate
in our Automatic RMD service, and you do not take any other withdrawals, an
automatic withdrawal under that program will not cause a GWB Excess withdrawal,
even if it exceeds your GWB Annual withdrawal amount. For more information, see
"Lifetime required minimum distribution withdrawals" in "Accessing your money"
later in this Prospectus.

If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, and chooses scheduled payments, such payments
will not cause a GWB Excess withdrawal, provided no additional withdrawals are
taken. If your beneficiary chooses the "5-year rule" instead of scheduled
payments, this waiver does not apply and a GWB Excess withdrawal may occur if
withdrawals exceed the GWB Annual withdrawal amounts.

EFFECT OF AUTOMATIC RESET


If you take no withdrawals in the first five contract years, the Applicable
percentage to determine your GWB Annual withdrawal amount will be automatically
reset at no additional charge. The Applicable percentage under the 7% GWB
Annual withdrawal option will be increased to 10%, and the Applicable
percentage under the 5% GWB Annual withdrawal option will be increased to 7%.
The Applicable percentage is automatically reset on your fifth contract date
anniversary, and your GWB Annual withdrawal amount will be recalculated.

If you die before the fifth contract date anniversary, and your beneficiary
continues Principal Protector(SM) under the Beneficiary continuation option, if
available, the Automatic reset will apply on the fifth contract date
anniversary if you have not taken any withdrawals and: (1) your beneficiary
chooses scheduled payments and payments have not yet started; or, (2) if your
beneficiary chooses the "5-year rule" option and has not taken withdrawals. See
"Beneficiary continuation option" in "Payment of death benefit" later in this
Prospectus.


EFFECT OF ADDITIONAL CONTRIBUTIONS

Anytime you make an additional contribution, we will recalculate your GWB
benefit base and your GWB Annual withdrawal amount. Your GWB benefit base will
be increased by the amount of the contribution (credit amounts are not
included) and your GWB Annual withdrawal amount will be equal to the greater of
(i) the Applicable percentage of the new GWB benefit base, or (ii) the GWB
Annual withdrawal amount in effect immediately prior to the additional
contribution.

If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, no additional contributions will be permitted.

OPTIONAL STEP UP PROVISION


Except as stated below, any time after the fifth contract date anniversary, you
may request a step up in the GWB benefit base to equal your account value. If
your GWB benefit base is higher than the account value as of the date we receive
your step up request, no step up will be made. If a step up is made, we may
increase the charge for the benefit. For a description of the charge increase,
see "Principal Protector(SM) charge" in "Charges and expenses" later in this
Prospectus. Once you elect to step up the GWB benefit base, you may not do so
again for five complete contract years from the next contract date anniversary.
Under both the Spousal protection and the successor owner annuitant features,
upon the first death, the surviving spouse must wait five complete contract
years from the last step up or from contract issue, whichever is later, to be
eligible for a step up.


As of the date of your GWB benefit base step up, your GWB Annual withdrawal
amount will be equal to the greater of (i) your GWB Annual withdrawal amount
before the step up, and (ii) your GWB Applicable percentage applied to your
stepped up GWB benefit base.

It is important to note that a step up in your GWB benefit base may not
increase your GWB Annual withdrawal amount. In that situation, the effect of
the step up is only to increase your GWB benefit base and support future
withdrawals. We will process your step up request even if it does not increase
your GWB Annual withdrawal amount, and we will increase the Principal
Protector(SM) charge, if applicable. In addition, you will not be eligible to
request another step up for five complete contract years. After processing your
request, we will send you a confirmation showing the amount of your GWB benefit
base and your GWB Annual withdrawal amount.

For example, if you contribute $100,000 at contract issue, your initial GWB
benefit base is $100,000. If you elect the 7% GWB Annual with-

                                              Contract features and benefits  41



drawal option, your GWB Annual withdrawal amount is equal to $7,000 (7% of
$100,000). Assume you take withdrawals of $7,000 in each of the first five
contract years, reducing the GWB benefit base to $65,000. After five contract
years, further assume that your account value is $92,000, and you elect to step
up the GWB benefit base from $65,000 to $92,000. The GWB Annual withdrawal
amount is recalculated to equal the greater of 7% of the new GWB benefit base,
which is $6,440 (7% of $92,000), or the current GWB Annual withdrawal amount,
$7,000. Therefore, following the step up, even though your GWB benefit base has
increased, your GWB Annual withdrawal amount does not increase and remains
$7,000.

The Optional step up provision is not available once your beneficiary continues
Principal Protector(SM) under the Beneficiary continuation option. However, if
you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, the GWB benefit base will be stepped up to
equal the account value, if higher, as of the transaction date that we receive
the Beneficiary continuation option election. The account value will be reduced
by any Credits applied to contributions made within one year prior to your
death before the comparison with the GWB benefit base, for purposes of the GWB
benefit base step up. As of the date of the GWB benefit base step up (if
applicable) your beneficiary's GWB Annual withdrawal amount will be equal to
the greater of (i) your GWB Annual withdrawal amount before the step up, and
(ii) your GWB Applicable percentage applied to the stepped up GWB benefit base.
This is a one-time step up at no additional charge.

OTHER IMPORTANT CONSIDERATIONS

o Principal Protector(SM) protects your principal only through withdrawals. Your
  account value may be less than your total contributions.

o You can take withdrawals under your contract without purchasing Principal
  Protector(SM). In other words, you do not need this benefit to make
  withdrawals.

o Amounts withdrawn in excess of your GWB Annual withdrawal amount may be
  subject to a withdrawal charge, if applicable, as described in "Charges and
  expenses" later in the Prospectus. In addition, all withdrawals count toward
  your free withdrawal amount for that contract year.

o Withdrawals made under Principal Protector(SM) will be treated, for tax
  purposes, in the same way as other withdrawals under your contract.

o All withdrawals are subject to all of the terms and conditions of the
  contract. Principal Protector(SM) does not change the effect of withdrawals on
  your account value or guaranteed minimum death benefit; both are reduced by
  withdrawals whether or not you elect Principal Protector(SM). See "How
  withdrawals are taken from your account value" and "How withdrawals (and
  transfers out of the Special 10 year fixed maturity option) affect your
  Guaranteed minimum income benefit, Guaranteed minimum death benefit and
  Guaranteed principal benefit option 2" in "Accessing your money" later in this
  Prospectus.

o If you withdraw less than the GWB Annual withdrawal amount in any contract
  year, you may not add the remainder to your GWB Annual withdrawal amount in
  any subsequent year.

o GWB Excess withdrawals can significantly reduce or completely eliminate the
  value of this benefit. See "Effect of GWB Excess withdrawals" above in this
  section and "Withdrawing your account value" in "Accessing your money" later
  in this Prospectus.

o If you surrender your contract to receive its cash value, all benefits under
  the contract will terminate, including Principal Protector(SM) if your cash
  value is greater than your GWB Annual withdrawal amount. Therefore, when
  surrendering your contract, you should seriously consider the impact on
  Principal Protector(SM) when you have a GWB benefit base that is greater than
  zero.

o If you die and your beneficiary elects the Beneficiary continuation option,
  then your beneficiary should consult with a tax adviser before choosing to use
  the "5-year rule." The "5-year rule" is described in "Payment of death
  benefit" under "Beneficiary continuation option" later in this Prospectus. The
  GWB benefit base may be adversely affected if the beneficiary makes any
  withdrawals that cause a GWB Excess withdrawal. Also, when the contract
  terminates at the end of 5 years, any remaining GWB benefit base would be
  lost.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional to find out what applies in your state.


Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification to cancel the contract and will reflect (i) any investment gain or
loss in the variable investment options (less the daily charges we deduct),
(ii) any guaranteed interest in the guaranteed interest option, and (iii) any
positive or negative market value adjustments in the fixed maturity options
through the date we receive your contract. Some states require that we refund
the full amount of your contribution (not reflecting (i), (ii) or (iii) above).
For any IRA contracts returned to us within seven days after you receive it, we
are required to refund the full amount of your contribution. Please note that
you will forfeit the credit by exercising this right of cancellation.


We may require that you wait six months before you may apply for a contract
with us again if:

o you cancel your contract during the free look period; or


o you change your mind before you receive your contract, whether we have
  received your contribution or not.


Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.


In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office or your financial professional can provide you with the
cancellation instructions.


42  Contract features and benefits



2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total value of the values you have in: (i) the
variable investment options; (ii) the guaranteed interest account; (iii) market
adjusted amounts in the fixed maturity options; and (iv) the loan reserve
account (applies for Rollover TSA contracts only).


Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value less: (i) the
total amount or a pro rata portion of the annual administrative charge as well
as any optional benefit charges;* (ii) any applicable withdrawal charge; and
(iii) the amount of any outstanding loan plus accrued interest (applicable to
Rollover TSA contracts only). Please see "Surrendering your contract to receive
its cash value" in "Accessing your money" later in this Prospectus.
                      ----------------------------------
* Depending on when you purchased your contract, your account value will be
reduced by a pro rata portion of the administrative charge only. See Appendix
IX later in this Prospectus for more information.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative, and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions plus the credit;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii) increased to reflect transfer into, or decreased to reflect transfer out
      of a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a Rollover TSA contract.


In addition, if applicable, when we deduct the enhanced death benefit,
guaranteed minimum income benefit, GPB Option 2, Principal Protector(SM) and/or
Protection Plus(SM) benefit charges, the number of units credited to your
contract will be reduced. Your units are also reduced when we deduct the annual
administrative charge. A description of how unit values are calculated is found
in the SAI.


YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest account at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.


See Appendix VIII later in this Prospectus for any state variations with regard
to the termination of your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE (not available under all
contracts). In certain circumstances, even if your account value falls to zero,
your Guaranteed minimum income benefit will still have value. Please see
"Contract features and benefits" earlier in this Prospectus for information on
this feature.


PRINCIPAL PROTECTOR(SM) (not available under all contracts)


If you elect Principal Protector(SM) and your account value falls to zero due to
a GWB Excess withdrawal, we will terminate your contract and you will receive
no payment or supplementary life annuity contract, as discussed below, even if
your GWB benefit base is greater than zero. If, however, your account value
falls to zero, either due to a withdrawal or surrender that is not a GWB Excess
withdrawal or due to a deduction of charges, please note the following:

                                           Determining your contract's value  43



o If your GWB benefit base equals zero, we will terminate your contract and make
  no payment.

o If your GWB benefit base is greater than zero but less than or equal to the
  balance of your GWB Annual withdrawal amount, if any, for that contract year,
  we will terminate your contract and pay you any remaining GWB benefit base.

o If your GWB benefit base is greater than the balance of your remaining GWB
  Annual withdrawal amount, if any, for that contract year, we will pay you your
  GWB Annual withdrawal amount balance and terminate your contract, and we will
  pay you your remaining GWB benefit base as an annuity benefit, as described
  below.


o If the Beneficiary continuation option is elected (not available in all
  states), and the account value falls to zero while there is a remaining GWB
  benefit base, we will make payments to the beneficiary as follows:


  o If the beneficiary had elected scheduled payments we will continue to make
    scheduled payments over remaining life expectancy until the GWB benefit base
    is zero, and the Principal Protector(SM) charge will no longer apply.

  o If the beneficiary had elected the "5-year rule" and the GWB benefit base is
    greater than the remaining GWB Annual withdrawal amount, if any, for that
    contract year, we will pay the beneficiary the GWB Annual withdrawal amount
    balance. We will continue to pay the beneficiary the remaining GWB Annual
    withdrawal amount each year until the GWB benefit base equals zero, or the
    contract terminates at the end of the fifth contract year, whichever comes
    first. Any remaining GWB benefit base at the end of the fifth contract year
    will terminate without value.


ANNUITY BENEFIT. If the contract terminates and the remaining GWB benefit base
is to be paid in installments we will issue you an annuity benefit contract and
make annual payments equal to your GWB Annual withdrawal amount on your
contract date anniversary beginning on the next contract date anniversary,
until the cumulative amount of such payments equals the remaining GWB benefit
base (as of the date the contract terminates). The last installment payment may
be smaller than the previous installment payments in order for the total of
such payments to equal the remaining GWB benefit base.


The annuity benefit supplemental contract will carry over the same owner,
annuitant and beneficiary as under your contract. If you die before receiving
all of your payments, we will make any remaining payments to your beneficiary.
The charge for Principal Protector(SM) will no longer apply.

If at the time of your death the GWB Annual withdrawal amount was being paid to
you as an annuity benefit, your beneficiary may not elect the Beneficiary
continuation option.

44  Determining your contract's value



3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the variable investment options,
subject to the following:

o You may not transfer to a fixed maturity option that has a rate to maturity
    of 3% or less.


o If the annuitant is age 76-80, you must limit your transfers to fixed maturity
  options with maturities of seven years or less. If the annuitant is age 81 or
  older, you must limit your transfers to fixed maturity options of five years
  or less. We will not accept allocations to a fixed maturity option if on the
  date the contribution or transfer is to be applied, the rate to maturity is
  3%. Also, the maturity dates may be no later than the date annuity payments
  are to begin.


o If you make transfers out of a fixed maturity option other than at its
  maturity date, the transfer may cause a market value adjustment and affect
  your GPB.


o A transfer into the guaranteed interest option will not be permitted if such
  transfer would result in more than 25% of the annuity account value being
  allocated to the guaranteed interest option, based on the annuity account
  value as of the previous business day. If you are an existing contract owner,
  this restriction may not apply. See Appendix IX later in this Prospectus for
  contract variations.


o No transfers are permitted into the Special 10 year fixed maturity option.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.


The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option, the interest sweep option and dollar cost averaging
programs described under "Allocating your contributions" in "Contract features
and benefits" earlier in this Prospectus) in any contract year is the greatest
of:

(a)   25% of the amount you have in the guaranteed interest option on the last
      day of the prior contract year; or

(b)   the total of all amounts transferred at your request from the guaranteed
      interest option to any of the Investment options in the prior contract
      year; or


(c)   25% of amounts transferred or allocated to the guaranteed interest option
      during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)   the contract number,

(2)   the dollar amounts or percentages of your current account value to be
      transferred, and

(3)   the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values

                            Transferring your money among investment options  45



occur after the close of the overseas market but prior to the close of the U.S.
markets. Securities of small- and mid-capitalization companies present
arbitrage opportunities because the market for such securities may be less
liquid than the market for securities of larger companies, which could result
in pricing inefficiencies. Please see the prospectuses for the underlying
portfolios for more information on how portfolio shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE


We offer rebalancing, which you can use to automatically reallocate your
account value among your investment options. We currently offer two options:
"Option I" and "Option II." Option I allows you to rebalance your account value
among the variable investment options. Option II allows you to rebalance among
the variable investment options and the guaranteed interest option. Under both
options, rebalancing is not available for amounts you have allocated to the
fixed maturity options.

In order to participate in one of our rebalancing programs, you must tell us:


      (a)   the percentage you want invested in each investment option (whole
            percentages only), and

      (b)   how often you want the rebalancing to occur (quarterly,
            semiannually, or annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will

46  Transferring your money among investment options



not be changed, and the rebalancing program will remain in effect unless you
request that it be canceled in writing. There is no charge for the rebalancing
feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
between the guaranteed interest option and the variable investment options.
These rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer into or out of the guaranteed interest
option to initiate the rebalancing program will not be permitted if such
transfer would violate these rules. If this occurs, the rebalancing program
will not go into effect.


You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.


                            Transferring your money among investment options  47



4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE


You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table. If you withdraw more than 90% of your
contract's current cash value, we will treat it as a request to surrender your
contract for its cash value. See "Surrendering your contract to receive its
cash value" below. For the potential tax consequences of withdrawals, see "Tax
information" later in this Prospectus.


Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals (and transfers out of the
Special 10 year fixed maturity option) affect your Guaranteed minimum income
benefit, Guaranteed minimum death benefit and Guaranteed principal benefit
option 2," below for more information on how withdrawals affect your guaranteed
benefits and could potentially cause your contract to terminate.


- --------------------------------------------------------------------------------
                                         Method of withdrawal
                   -------------------------------------------------------------
                                                               Lifetime
                                                               required
                                             Substantially     minimum
    Contract       Partial     Systematic        equal       distribution
- --------------------------------------------------------------------------------
NQ                  Yes           Yes             No              No
- --------------------------------------------------------------------------------
Rollover IRA        Yes           Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth Con-
 version IRA        Yes           Yes             Yes             No
- --------------------------------------------------------------------------------
Rollover
 TSA*               Yes           Yes             No             Yes
- --------------------------------------------------------------------------------
QP**                Yes           No              No             Yes
- --------------------------------------------------------------------------------



*    For some Rollover TSA contracts, your ability to take withdrawals, loans or
     surrender your contract may be limited. You must provide withdrawal
     restriction information when you apply for a contract. See "Tax Sheltered
     Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

**   All payments are made to the trust as the owner of the contract.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions). The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). If you already own your contract, the
applicable free withdrawal percentage may be higher. See Appendix IX later in
this Prospectus for the free withdrawal amount that applies to your contract.
Under Rollover TSA contracts, if a loan is outstanding, you may only take
partial withdrawals as long as the cash value remaining after any withdrawal
equals at least 10% of the outstanding loan plus accrued interest.

SYSTEMATIC WITHDRAWALS
(All contracts except QP contracts)


You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).


You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election. If you
already own your contract, the applicable percentages may be higher. See
Appendix IX later in this Prospectus for information on what applies to your
contract.


We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. This option is not available if you have elected a guaranteed principal
benefit -- if you are an existing contract owner, this restriction may not
apply to you. See Appendix IX later in this Prospectus for more information.


SUBSTANTIALLY EQUAL WITHDRAWALS
(All contracts except QP contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Once you begin to take substantially equal withdrawals, you should


48  Accessing your money




not stop them or change the pattern of your withdrawals until after the later
of age 59-1/2 or five full years after the first withdrawal. If you stop or
change the withdrawals or take a partial withdrawal, you may be liable for the
10% federal tax penalty that would have otherwise been due on prior withdrawals
made under this option and for any interest on the delayed payment of the
penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.

Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge. Depending on when you purchased your contract, this option
may not be available if you have elected a guaranteed principal benefit. If you
are an existing contract owner, this restriction may not apply. See Appendix IX
later in this Prospectus for contract variations.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA and Rollover TSA and QP contracts only -- See "Tax information"
later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or Guaranteed minimum income benefit, amounts
withdrawn from the contract to meet RMDs will reduce the benefit base and may
limit the utility of the benefit. Also, the actuarial present value of
additional contract benefits must be added to the account value in calculating
required minimum distribution withdrawals from annuity contracts funding
qualified plans, TSAs and IRAs, which could increase the amount required to be
withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if, when added to a partial
withdrawal previously taken in the same contract year, the minimum distribution
withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH PRINCIPAL PROTECTOR(SM). If you elect Principal
Protector(SM), provided no other withdrawals are taken during a contract year in
which you participate in our Automatic RMD service, an automatic withdrawal
using our service will not cause a GWB Excess withdrawal, even if it exceeds
your GWB Annual withdrawal amount. If you take any other withdrawal while you
participate in the service, however, this GWB Excess withdrawal exception
terminates permanently. In order to take advantage of this exception, you must
elect and maintain participation in our Automatic RMD service at your required
beginning date, or the contract date, if your required beginning date has
occurred before the contract was purchased. See "Principal Protector(SM)" in
"Contract features and benefits" earlier in this Prospectus for further
information.

HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE


Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest account. If there is insufficient value or no value in the variable
investment options and the guaranteed interest account, any additional amount
of the withdrawal required or the total amount of the withdrawal will be
withdrawn from the fixed maturity options (other than the Special 10 year fixed
maturity option, if applicable), in the order of the earliest maturity date(s)
first. If such amounts are still insufficient, we will deduct any remaining
portion from the Special 10 year fixed maturity option. A market value
adjustment will apply to withdrawals from the fixed maturity options (including
the Special 10 year fixed maturity option).


HOW WITHDRAWALS (AND TRANSFERS OUT OF THE SPECIAL 10 YEAR FIXED MATURITY
OPTION) AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED MINIMUM DEATH
BENEFIT AND GUARANTEED PRINCIPAL BENEFIT OPTION 2

In general, withdrawals will reduce your guaranteed benefits on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
your current account value that is being withdrawn and we reduce your current
benefit by the same percentage. For example, if your account value is $30,000
and you withdraw $12,000, you have

                                                        Accessing your money  49



withdrawn 40% of your account value. If your benefit was $40,000 before the
withdrawal, it would be reduced by $16,000 ($40,000 X .40) and your new benefit
after the withdrawal would be $24,000 ($40,000-$16,000).

Transfers out of the Special 10 year fixed maturity option will reduce GPB
Option 2 on a pro rata basis. In addition, if you make a contract withdrawal
from the Special 10 year fixed maturity option, we will reduce your GPB Option
2 in a similar manner; however, the reduction will reflect both a transfer out
of the Special 10 year fixed maturity option and a withdrawal from the
contract. Therefore, the reduction in GPB Option 2 is greater when you take a
contract withdrawal from the Special 10 year fixed maturity option than it
would be if you took the withdrawal from another investment option.

Similar to the example above, if your account value is $30,000 and you withdraw
$12,000 from the Special 10 year fixed maturity option, you have withdrawn 40%
of your account value. If your GPB Option 2 benefit was $40,000 before the
withdrawal, the reduction to reflect the transfer out of the Special 10 year
fixed maturity option would equal $16,000 ($40,000 x .40). The amount used to
calculate the reduction to reflect the withdrawal from the contract is $24,000
($40,000 - $16,000). The reduction to reflect the withdrawal would equal $9,600
($24,000 x .40), and your new benefit after the withdrawal would be $14,400
($24,000 - $9,600).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6% (or
5%) Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% (or 5%) Roll-Up to age 85 benefit base on a dollar-for-dollar
basis, as long as the sum of withdrawals in a contract year is 6% (or 5%) or
less of the 6% (or 5%) Roll-Up benefit base on the most recent contract date
anniversary. Additional contributions made during the contract year do not
affect the amount of the withdrawals that can be taken on a dollar-for-dollar
basis in that contract year. Once a withdrawal is taken that causes the sum of
withdrawals in a contract year to exceed 6% (or 5%) of the benefit base on the
most recent anniversary, that entire withdrawal and any subsequent withdrawals
in that same contract year will reduce the benefit base pro rata. Reduction on
a dollar-for-dollar basis means that your 6% (or 5%) Roll-Up to age 85 benefit
base will be reduced by the dollar amount of the withdrawal for each Guaranteed
benefit. The Annual Ratchet to age 85 benefit base will always be reduced on a
pro rata basis.

If you already own your contract, the effect of withdrawals on your Guaranteed
minimum income benefit and, Guaranteed minimum death benefit (including the
Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death
benefit) may be different. See Appendix IX later in this Prospectus for
information on what applies to your contract.


HOW WITHDRAWALS AFFECT PRINCIPAL PROTECTOR(SM)


If you elect Principal Protector(SM), if available, any withdrawal reduces your
GWB benefit base by the amount of the withdrawal. In addition, a GWB Excess
withdrawal can significantly reduce your GWB Annual withdrawal amount and
further reduce your GWB benefit base. For more information, see "Effect of GWB
Excess withdrawals" and "Other important considerations" under "Principal
Protector(SM)" in "Contract features and benefits" earlier in this Prospectus.


WITHDRAWALS TREATED AS SURRENDERS


If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. Also, under
certain contracts, we have the right to pay the cash value and terminate this
contract if no contributions are made during the last three completed contract
years, and the account value is less than $500, or if you make a withdrawal
that would result in a cash value of less than $500. If you are an existing
contract owner, the rules in the preceding sentence may not apply under your
contract or if the Guaranteed minimum income benefit no lapse guarantee is
available and in effect on your contract. See Appendix IX later in this
Prospectus for information. See also "Surrendering your contract to receive its
cash value" below. For the tax consequences of withdrawals, see "Tax
information" later in this Prospectus.

SPECIAL RULES FOR PRINCIPAL PROTECTOR(SM) (IF AVAILABLE). If you elect Principal
Protector(SM), all withdrawal methods described above can be used. We will not
treat a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a GWB
Excess withdrawal. In addition, we will not terminate your contract if either
your account value or cash value falls below $500, unless it is due to a GWB
Excess withdrawal. In other words, if you take a GWB Excess withdrawal that
equals more than 90% of your cash value or reduces your cash value to less than
$500, we will treat your request as a surrender of your contract even if your
GWB benefit base is greater than zero. Please also see "Insufficient account
value" in "Determining your contract value" earlier in this Prospectus. Please
also see "Principal Protector(SM)" in "Contract features and benefits," earlier
in this Prospectus, for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.


LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subjected to ERISA, you
may only take a loan with the written consent of

50  Accessing your money



your spouse. Your contract contains further details of the loan provision.
Please see Appendix VIII later in this Prospectus for any state restrictions
you may be subject to if you take a loan from a Rollover TSA contract. Also,
see "Tax information" later in this Prospectus, for general rules applicable to
loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of the loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan including any accrued
    and unpaid loan interest, will be deducted from the death benefit amounts).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT.  On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options and the guaranteed interest option. If those amounts are
insufficient, any additional amount of the loan will be subtracted from the
fixed maturity options (other than the Special 10 year fixed maturity option)
in the order of the earliest maturity date(s) first. If such amounts are still
insufficient, we will deduct any remaining portion from the Special 10 year
fixed maturity option. A market value adjustment will apply to withdrawals from
the fixed maturity options (including the Special 10 year fixed maturity
option). If the amounts are withdrawn from the Special 10 year fixed maturity
option, the guaranteed benefit will be adversely affected. See "Guaranteed
principal benefit option 2" in "Contract features and benefits" earlier in this
Prospectus.

For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify otherwise, we will transfer the dollar amount of
the loan repaid from the loan reserve account to the investment options
according to the allocation percentages we have on our records. Loan repayments
are not considered contributions and therefore are not eligible for additional
credits.

The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while the
annuitant is living and before you begin to receive annuity payments. (Rollover
TSA contracts may have restrictions). For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including Principal Protector(SM) (if applicable), if your
cash value is greater than your GWB Annual withdrawal amount. If you have a GWB
benefit base greater than zero, you should consider the impact of a contract
surrender on the Principal Protector(SM) benefit. If your surrender request does
not constitute a GWB Excess withdrawal, you may be eligible for additional
benefits. If, however, your surrender request constitutes a GWB Excess
withdrawal, you will lose those benefits. Also, if the Guaranteed minimum
income benefit no lapse guarantee is in effect under your contract, the
Guaranteed minimum income benefit will terminate without value if your cash
value plus any other withdrawals taken in the contract year exceed 6% of the
Roll-Up benefit base (as of the beginning of the contract year). For more
information, please see "Annuity benefit" under "Insufficient account value" in
"Determining your contract value" and "Principal Protector(SM)" in "Contract
features and benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal charge) and, upon surrender, payment of the cash
value. We may postpone such payments or applying proceeds for any period during
which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
     investment option's assets is not reasonably practicable because of an
     emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
     in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
account and fixed maturity options (other than for death benefits) for up to
six months while you are living. We also may defer payments for a reasonable
amount of time (not to exceed 10 days) while we are waiting for a contribution
check to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery service at your expense.

                                                        Accessing your money  51



YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Plus(SM) provide for
conversion to payout status at or before the contract's "maturity date." This is
called annuitization. When your contract is annuitized, your Accumulator(R)
Plus(SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Plus(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may exercise
your benefit in accordance with its terms.


Your Accumulator(R) Plus(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VIII later in this
Prospectus for variations that may apply to your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the annuitant's age at
contract issue. In addition, if you are exercising your Guaranteed minimum
income benefit, your choice of payout options are those that are available
under the Guaranteed minimum income benefit (see "Guaranteed minimum income
benefit option" in "Contract features and benefits" earlier in this
Prospectus). If you elect Principal Protector(SM) and choose to annuitize your
contract, Principal Protector(SM) will terminate without value even if your GWB
benefit base is greater than zero. Payments you receive under the annuity
payout option you select may be less than you would have received under
Principal Protector(SM). See "Principal Protector(SM)" in "Contract features and
benefits" earlier in this Prospectus for further information.

- --------------------------------------------------------------------------------
Fixed annuity payout options           Life annuity
                                       Life annuity with period
                                         certain
                                       Life annuity with refund
                                         certain
                                       Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity             Life annuity
   payout options                      Life annuity with period
                                         certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout              Life annuity with period
   options (available for annuitants     certain
   age 83 or less at contract issue)   Period certain annuity
- --------------------------------------------------------------------------------

o Life annuity: An annuity that guarantees payments for the rest of the
  annuitant's life. Payments end with the last monthly payment before the
  annuitant's death. Because there is no continuation of benefits following the
  annuitant's death with this payout option, it provides the highest monthly
  payment of any of the life annuity options, so long as the annuitant is
  living.

o Life annuity with period certain: An annuity that guarantees payments for the
  rest of the annuitant's life. If the annuitant dies before the end of a
  selected period of time ("period certain"), payments continue to the
  beneficiary for the balance of the period certain. The period certain cannot
  extend beyond the annuitant's life expectancy. A life annuity with a period
  certain is the form of annuity under the contracts that you will receive if
  you do not elect a different payout option. In this case, the period certain
  will be based on the annuitant's age and will not exceed 10 years.

o Life annuity with refund certain: An annuity that guarantees payments for the
  rest of the annuitant's life. If the annuitant dies before the amount applied
  to purchase the annuity option has been recovered, payments to the beneficiary
  will continue until that amount has been recovered. This payout option is
  available only as a fixed annuity.

o Period certain annuity: An annuity that guarantees payments for a specific
  period of time, usually 5, 10, 15, or 20 years. This guaranteed period may not
  exceed the annuitant's life expectancy. This option does not guarantee
  payments for the rest of the annuitant's life. It does not permit any
  repayment of the unpaid principal, so you cannot elect to receive part of the
  payments as a single sum payment with the rest paid in monthly annuity
  payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life and, after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide you with details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.


Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.


52  Accessing your money



INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your Accumulator(R) Plus(SM).

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) Plus(SM)
contract to an Income Manager(SM) payout annuity. In this case, we will consider
any amounts applied as a withdrawal from your Accumulator(R) Plus(SM). For the
tax consequences of withdrawals, see "Tax information" later in this
Prospectus.

The Income Manager(R) payout options are not available in all states.


If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option (or "Living Benefit" option), different
payout options may apply, as well as various other differences. See "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus, as well as the Income Manager(SM) prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION


The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of your purchase as it
relates to any withdrawal charges. If amounts in a fixed maturity option are
used to purchase any annuity payment option prior to the maturity date, a
market value adjustment will apply.

For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.

The withdrawal charge applicable under your Accumulator(R) Plus(SM) is imposed
if you select a non-life contingent period certain payout annuity. If the period
certain is more than 5 years, then the withdrawal charge deducted will not
exceed 5% of the account value.


For the Income Manager(SM) payout life contingent options, no withdrawal charge
is imposed under the Accumulator(R) Plus(SM). If the withdrawal charge that
otherwise would have been applied to your account value under your
Accumulator(R) Plus(SM) is greater than 2% of the contributions that remain in
your contract at the time you purchase your payout option, the withdrawal
charges under the Income Manager(SM) will apply. The year in which your account
value is applied to the payout option will be "contract year 1."

SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.


You can choose the date annuity payments begin from the Accumulator(R) Plus(SM)
contract. Generally, the date annuity payments begin may not be earlier than
five years (in a limited number of jurisdictions this requirement may be more
or less than five years) from the contract date. Please see Appendix VIII later
in this Prospectus for information on state variations. Except with respect to
Income Manager(SM) annuity payout options, where payments are made on the 15th
day of each month, you can change the date your annuity payments are to begin
anytime before that date as long as you do not choose a date later than the
28th day of any month. Also, that date may not be later than the annuity
maturity date described below.

If you start receiving annuity payments within three years of making any
contribution, we will recover the credit that applies to any contribution made
within the prior three years. Please see Appendix VIII later in this Prospectus
for information on state variations.

The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.

If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.

ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is generally the
contract date anniversary that follows the annuitant's 95th birthday. We will
send a notice with the annual statement one year prior to the maturity age.

If you elect Principal Protector and your contract is annuitized at maturity,
we will offer an annuity payout option for life that guarantees you


                                                        Accessing your money  53




will receive payments that are at least equal to what you would have received
under Principal Protector until the point at which your GWB Benefit Base is
depleted. After your GWB Benefit Base is depleted, you will continue to receive
periodic payments while you are living. The amount of each payment will be the
same as the payment amount that you would have received if you had applied your
account value on the maturity date to purchase a life annuity at the annuity
purchase rate guaranteed in your contract; this payment amount may be more or
less than your GWB Annual Withdrawal amount.


Please see Appendix VIII later in this Prospectus for variations that may apply
in your state.

54  Accessing your money



5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o A mortality and expense risks charge

o An administrative charge

o A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o On each contract date anniversary -- an annual administrative charge, if
  applicable.

o At the time you make certain withdrawals or surrender your contract -- a
  withdrawal charge.

o On each contract date anniversary, a charge for each optional benefit that you
  elect: a death benefit (other than the Standard death benefit); the Guaranteed
  minimum income benefit; Principal Protector(SM); and Protection Plus(SM).

o On the first 10 contract date anniversaries -- a charge for GPB Option 2, if
  you elect this optional benefit.

o At the time annuity payments are to begin -- charges designed to approximate
  certain taxes that may be imposed on us, such as premium taxes in your state.
  An annuity administrative fee may also apply.


More information about these charges appears below. The fees and charges
described are the maximum fees and charges that a contract owner will pay.
Please see your contract and/or Appendix IX for the fees and charges that apply
under your contract. We will not increase these charges for the life of your
contract, except as noted. We may reduce certain charges under group or
sponsored arrangements. See "Group or sponsored arrangements" later in this
section.


The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard death benefit. The daily charge is
equivalent to an annual rate of 0.90% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect. A portion of this charge also
compensates us for the contract credit. For a discussion of the credit, see
"Credits" in "Contract features and benefits" earlier in this Prospectus. We
expect to make a profit from this charge.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.35% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.25%
of the net assets in each variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VIII later in this Prospectus
to see if deducting this charge from the guaranteed

                                                        Charges and expenses  55




interest option is permitted in your state) on a pro rata basis. If those
amounts are insufficient, we will deduct all or a portion of the charge from
the fixed maturity options (other than the Special 10 year fixed maturity
option) in the order of the earliest maturity date(s) first. If such amounts
are still insufficient, we will deduct any remaining portion from the Special
10 year fixed maturity option. If the contract is surrendered or annuitized or
a death benefit is paid on a date other than the contract date anniversary, we
will deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options (including
the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non life contingent
annuity payout option. A portion of this charge also compensates us for the
contract credit. For a discussion of the credit, see "Credits" in "Contracts
features and benefits" earlier in this Prospectus. We expect to make a profit
from this charge. For more information about the withdrawal charge if you
select an annuity payout option, see "Your annuity payout options -- The amount
applied to purchase an annuity payout option" in "Accessing your money" earlier
in the Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn. We do
not consider credits to be contributions. Therefore, there is no withdrawal
charge associated with a credit.

The percentage of the withdrawal charge that applies to each contribution
depends on how long each contribution has been invested in the contract. We
determine the withdrawal charge separately for each contribution according to
the following table:

- --------------------------------------------------------------------------------
                                      Contract year
- --------------------------------------------------------------------------------
                    1     2     3     4     5     6     7     8    9+
- --------------------------------------------------------------------------------
   Percentage of
   contribution     8%    8%    7%    7%    6%    5%    4%    3%    0%
- --------------------------------------------------------------------------------

For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1." Amounts withdrawn up
to the free withdrawal amount are not considered withdrawals of any
contribution. We also treat contributions that have been invested the longest
as being withdrawn first. We treat contributions as withdrawn before earnings
for purposes of calculating the withdrawal charge. However, federal income tax
rules treat earnings under your contract as withdrawn first. See "Tax
information" later in this Prospectus.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to the
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each variable investment option. The
withdrawal charge helps cover our sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit (or the "Living Benefit") base" and "How
withdrawals affect your Guaranteed minimum income benefit and Guaranteed
minimum death benefit" earlier in the Prospectus.


The withdrawal charge does not apply in the circumstances described below.


10% FREE WITHDRAWAL AMOUNT. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase your 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.


If you elect Principal Protector(SM), we will waive any withdrawal charge for
any withdrawal during the contract year up to the GWB Annual withdrawal amount,
even if such withdrawals exceed the free withdrawal amount. However, each
withdrawal reduces the free withdrawal amount for that contract year by the
amount of the withdrawal. Withdrawal charges are applied to the amount of the
withdrawal that exceeds the GWB Annual withdrawal amount.


If you already own your contract, the applicable free withdrawal amount
percentage may be higher. See Appendix IX later in this Prospectus for the free
withdrawal amount that applies under your contract.

CERTAIN WITHDRAWALS. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6% Roll-Up to age 85 or the annual ratchet to age 85
enhanced death benefit, the withdrawal charge will be waived for any withdrawal
that, together with any prior withdrawals made during the contract year, does
not exceed 6% of the beginning of contract year 6% to age 85 Roll-Up benefit
base, even if such withdrawals exceed the free withdrawal amount. Also, a
withdrawal charge does not apply to a withdrawal that exceeds 6% of the
beginning of contract year 6% to age 85 Roll-Up benefit base as long as it does
not exceed the free withdrawal amount. If your withdrawal exceeds the amount
described above, this waiver is not applicable to that withdrawal, or to any
subsequent withdrawal for the life of the contract.

If you are an existing contract owner, see Appendix IX later in this Prospectus
to see if this waiver of the withdrawal charge applies under your contract.


DISABILITY, TERMINAL ILLNESS, OR CONFINEMENT TO NURSING HOME. The withdrawal
charge also does not apply if:

56  Charges and expenses



    (i)     The annuitant has qualified to receive Social Security disability
            benefits as certified by the Social Security Administration; or

    (ii)    We receive proof satisfactory to us (including certification by a
            licensed physician) that the annuitant's life expectancy is six
            months or less; or

    (iii)   The annuitant has been confined to a nursing home for more than 90
            days (or such other period, as required in your state) as verified
            by a licensed physician. A nursing home for this purpose means one
            that is (a) approved by Medicare as a provider of skilled nursing
            care service, or (b) licensed as a skilled nursing home by the state
            or territory in which it is located (it must be within the United
            States, Puerto Rico, or U.S. Virgin Islands) and meets all of the
            following:

         -- its main function is to provide skilled, intermediate, or custodial
              nursing care;

         -- it provides continuous room and board to three or more persons;

         -- it is supervised by a registered nurse or licensed practical nurse;

         -- it keeps daily medical records of each patient;

         -- it controls and records all medications dispensed; and

         -- its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions as described in (i), (ii)
or (iii) above existed at the time a contribution was remitted or if the
condition that began within 12 months of the period following remittance. Some
states may not permit us to waive the withdrawal charge in the above
circumstances, or may limit the circumstances for which the withdrawal charge
may be waived. Your financial professional can provide more information or you
may contact our processing office.


GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base. If you are an existing
contract owner, the charge may be as much as 0.30% of the Annual Ratchet to age
85 benefit base. Please see Appendix IX later in this Prospectus or your
contract for more information.

GREATER OF 5% ROLL-UP TO AGE 85 (no longer available). If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.50% of the Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to
age 85 benefit base.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.60% of the greater of the 6% Roll-Up to age 85 or the Annual Ratchet to
age 85 benefit base. If you are an existing contract owner, your charge may be
less. Please see Appendix IX later in this Prospectus or your contract for more
information.

6% ROLL-UP TO AGE 85. (no longer available) If you elected the 6% Roll-Up to
age 85 enhanced death benefit, we deduct a charge annually from your account
value on each contract date anniversary for which it is in effect. The charge
is equal to 0.45% of the 6% Roll-Up to age 85 benefit base.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VIII later in this Prospectus
to see if deducting this charge from the guaranteed interest account is
permitted in your state) on a pro rata basis. If these amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (other than the Special 10 year fixed maturity option) in the
order of the earliest maturity date(s) first. If such amounts are still
insufficient, we will deduct any remaining portion from the Special 10 year
fixed maturity option. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. If you are an existing
contract owner, this pro rata deduction may not apply under your contract. See
Appendix IX later in this Prospectus for more information. A market value
adjustment will apply to deductions from the fixed maturity options (including
the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

There is no charge if you exercise the Guaranteed minimum death
benefit/Guaranteed minimum income benefit roll-up benefit base reset option.

STANDARD DEATH BENEFIT. There is no additional charge for the standard death
benefit.

GUARANTEED PRINCIPAL BENEFIT OPTION 2


If you purchase GPB Option 2, we deduct a charge annually from your account
value on the first 10 contract date anniversaries. The charge is equal 0.50% of
the account value. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option (see Appendix VIII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct any remaining portion of the charge from amounts
in any fixed maturity options (other than the Special 10 year fixed maturity
option) in the order of the earliest maturity date(s) first. If such amounts
are still insufficient, we will deduct any remaining portion from the Special
10 year fixed maturity option. If the contract is surrendered or annuitized or
a death benefit is paid on a date other than a contract date anniversary, we
will deduct a pro rata portion of the charge for that year. If you are an
existing contract owner, this pro rata deduction may not apply under your
contract. See Appendix IX later in this Prospectus for more information. A
market value adjustment will apply to deductions from the fixed maturity
options (including the Special 10 year fixed maturity option).


                                                        Charges and expenses  57



If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


GUARANTEED MINIMUM INCOME BENEFIT (THE "LIVING BENEFIT") CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option or the contract date anniversary after the annuitant reaches age
85, whichever occurs first. The charge is equal to 0.65% of the applicable
benefit base in effect on the contract date anniversary. If you are an existing
contract owner, your charge may be less. Please see Appendix IX later in this
Prospectus or your contract for more information.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis. (See Appendix VIII
later in this Prospectus to see if deducting this charge from the guaranteed
interest option is permitted in your state.) If those amounts are still
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options in the order of the earliest maturity date(s) first. If the
contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of
the charge for that year. If you are an existing contract owner, pro rata
deduction may not apply under your contract. See Appendix IX later in this
Prospectus for more information. A market value adjustment will apply to
deductions from the fixed maturity options (including the Special 10 year fixed
maturity option, if available).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


There is no charge if you exercise the Guaranteed minimum death
benefit/guaranteed minimum income benefit roll-up benefit base reset option or
for the Guaranteed minimum income benefit no lapse guarantee. This option is
not available under all contracts.


PROTECTION PLUS(SM) CHARGE


If you elect Protection Plus(SM), we deduct a charge annually from your account
value on each contract date anniversary for which it is in effect. The charge
is equal to 0.35% of the account value on each contract date anniversary. We
will deduct this charge from your value in the variable investment options and
the guaranteed interest option on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (other than the Special 10 year fixed maturity option) in the
order of the earliest maturity date(s) first. If such amounts are still
insufficient, we will deduct any remaining portion from the Special 10 year
fixed maturity option. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. If you are an existing
contract owner, this pro rata deduction may not apply under your contract. See
Appendix IX later in this Prospectus for more information. A market value
adjustment will apply to deductions from the fixed maturity options (including
the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

PRINCIPAL PROTECTOR(SM) CHARGE


If you elect Principal Protector(SM), we deduct a charge annually as a
percentage of your account value on each contract date anniversary. If you elect
the 5% GWB Annual withdrawal option, the charge is equal to 0.35%. If you elect
the 7% GWB Annual withdrawal option, the charge is equal to 0.50%. We will
deduct this charge from your value in the variable investment options and the
guaranteed interest option (See Appendix VIII later in this Prospectus to see if
deducting this charge from the guaranteed interest option is permitted in your
state.) on a pro rata basis. If those amounts are insufficient, we will deduct
all or a portion of the charge from the fixed maturity options in the order of
the earliest maturity date(s) first. If the contract is surrendered or
annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year. If
you are an existing contract owner, this pro rata deduction may not apply under
your contract. See Appendix IX later in this Prospectus for more information. If
you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option we will not deduct a pro rata portion of the
charge upon your death. However, the Principal Protector(SM) charge will
continue. A market value adjustment will apply to deductions from the fixed
maturity options.


If your GWB benefit base falls to zero but your contract is still in force, the
charge will be suspended as of the next contract date anniversary. The charge
will be reinstated, as follows: (i) if you make a subsequent contribution, we
will reinstate the charge that was in effect at the time your GWB benefit base
became depleted, (ii) if you elect to exercise the Optional step up provision,
we will reinstate a charge, as discussed immediately below, and (iii) if your
beneficiary elects the Beneficiary continuation option and reinstates the
Principal Protector(SM) benefit with a one time step up, we will reinstate the
charge that was in effect when the GWB benefit base fell to zero.

If your beneficiary elects the Beneficiary continuation option, and is eligible
to continue Principal Protector(SM), the benefit and the charge will continue
unless your beneficiary tells us to terminate the benefit at the time of
election.


OPTIONAL STEP UP CHARGE. Every time you elect the Optional step up, we reserve
the right to raise the benefit charge at the time of the step up. The maximum
charge for Principal Protector(SM) with a 5% GWB Annual withdrawal option is
0.60%. The maximum charge for Principal Protector(SM) with a 7% GWB Annual
withdrawal amount option is 0.80%. The increased charge, if any, will apply as
of the next contract date anniversary following the step up and on all contract
anniversaries thereafter.


If you die and your beneficiary elects the Beneficiary continuation option, if
available, a one time step up only (at no additional charge) is

58  Charges and expenses



applicable. For more information on the Optional step up, one time step up and
Automatic reset provisions, see "Principal Protector(SM)" in "Contract features
and benefits."

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.

VARIABLE IMMEDIATE ANNUITY ANNUITIZATION PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity annuitization payout option. This option may not be available
at the time you elect to annuitize or it may have a different charge.

CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o Management fees ranging from 0.05% to 1.40%.

o 12b-1 fees of either 0.25% or 0.35%.


o Operating expenses, such as trustees' fees, independent public accounting
  firms' fees, legal counsel fees, administrative service fees, custodian fees
  and liability insurance.

o Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS


For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to 12b-1 fees.
If permitted under the terms of our exemptive order regarding Accumulator(R)
Plus(SM) bonus feature, we may also change the crediting percentage that applies
to contributions. Group arrangements include those in which a trustee or an
employer, for example, purchases contracts covering a group of individuals on a
group basis. Group arrangements are not available for Rollover IRA and Roth
Conversion IRA contracts. Sponsored arrangements include those in which an
employer allows us to sell contracts to its employees or retirees on an
individual basis.


Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

                                                        Charges and expenses  59



6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT
You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In
a QP contract, the beneficiary must be the trustee. Where an NQ contract is
owned for the benefit of a minor pursuant to the Uniform Gift to Minors Act or
the Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. We determine the amount of the
death benefit (other than the applicable Guaranteed minimum death benefit) and
any amount applicable under the Protection Plus(SM) feature, as of the date we
receive satisfactory proof of the annuitant's death, any required instructions
for the method of payment, forms necessary to effect payment and any other
information we may require. The amount of the applicable Guaranteed minimum
death benefit will be such Guaranteed minimum death benefit as of the date of
the annuitant's death, adjusted for any subsequent withdrawals. For Rollover
TSA contracts with outstanding loans, we will reduce the amount of the death
benefit by the amount of the outstanding loan, including any accrued but unpaid
interest on the date that the death benefit is made.


The account value used to determine the death benefit and Protection Plus(SM)
benefit will first be reduced by the amount of any Credits applied in the
one-year period prior to the annuitant's death.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

EFFECT OF THE ANNUITANT'S DEATH

If the annuitant dies before the annuity payments begin, we will pay the death
benefit to your beneficiary.

Generally, the death of the annuitant terminates the contract. However, a
surviving spouse who is the sole primary beneficiary of the deceased
owner/annuitant can choose to be treated as the successor owner/annuitant and
continue the contract. The Successor owner/  annuitant feature is only
available under NQ and individually-owned IRA contracts.

For NQ and all types of IRA contracts, a beneficiary may be able to have
limited ownership as discussed under "Beneficiary continuation option" below.

WHEN AN NQ CONTRACT OWNER DIES BEFORE THE ANNUITANT

Under certain conditions the owner changes after the original owner's death for
purposes of receiving required distributions from the contract. When you are
not the annuitant under an NQ contract and you die before annuity payments
begin, unless you specify otherwise, the beneficiary named to receive the death
benefit upon the annuitant's death will become the successor owner. If you do
not want this beneficiary to be the successor owner, you should name a specific
successor owner. You may name a successor owner at any time during your life by
sending satisfactory notice to our processing office. If the contract is
jointly owned and the first owner to die is not the annuitant, the surviving
owner becomes the sole contract owner. This person will be considered the
successor owner for purposes of the distribution rules described in this
section. The surviving owner automatically takes the place of any other
beneficiary designation.

You should carefully consider the following if you have elected the Guaranteed
minimum income benefit and you are the owner, but not the annuitant. Because
the payments under the Guaranteed minimum income benefit are based on the life
of the annuitant, and the federal tax law required distributions described
below are based on the life of the successor owner, a successor owner who is
not also the annuitant may not be able to exercise the Guaranteed minimum
income benefit, if you die before annuity payments begin. Therefore, one year
before you become eligible to exercise the Guaranteed minimum income benefit,
you should consider the effect of your beneficiary designations on potential
payments after your death. For more information, see "Exercise rules" under
"Guaranteed minimum income benefit option" in "Contracts features and benefits"
earlier in this Prospectus.

Unless the surviving spouse of the owner who has died (or in the case of a
joint ownership situation, the surviving spouse of the first owner to die) is
the successor owner for this purpose, the entire interest in the contract must
be distributed under the following rules:

60  Payment of death benefit



o  The cash value of the contract must be fully paid to the successor owner (new
   owner) within five years after your death (the "5-year rule"), or in a joint
   ownership situation, the death of the first owner to die.

o  If Principal Protector(SM) was elected and if the "5-year rule" is elected
   and the successor owner dies prior to the end of the fifth year, we will pay
   any remaining account value in a lump sum and the contract and any remaining
   GWB benefit base will terminate without value. The successor owner should
   consult with a tax adviser before choosing to use the "5-year rule." The GWB
   benefit base may be adversely affected if the successor owner makes any
   withdrawals that cause a GWB Excess withdrawal. Also, when the contract
   terminates at the end of 5 years, any remaining GWB benefit base would be
   lost. If you elect Principal Protector(SM), the successor owner has the
   option to terminate the benefit and charge upon receipt by us of due proof of
   death and notice to discontinue the benefit; otherwise, the benefit and
   charge will automatically continue.

o  The successor owner may instead elect to receive the cash value as a life
   annuity (or payments for a period certain of not longer than the successor
   owner's life expectancy). Payments must begin within one year after the
   non-annuitant owner's death. Unless this alternative is elected, we will pay
   any cash five years after your death (or the death of the first owner to
   die).

o  A successor owner should consider naming a new beneficiary.

If the surviving spouse is the successor owner or joint owner, the spouse may
elect to continue the contract. No distributions are required as long as the
surviving spouse and annuitant are living. An eligible successor owner,
including a surviving joint owner after the first owner dies, may elect the
beneficiary continuation option for NQ contracts discussed later under
"Beneficiary continuation option" below.

How death benefit payment is made


We will pay the death benefit to the beneficiary in the form of the annuity
payout option you have chosen. If you have not chosen an annuity payout option
as of the time of the annuitant's death, the beneficiary will receive the death
benefit in a single sum. Payment of the death benefit in a lump sum terminates
all rights and any applicable guarantees under the contract, including
Guaranteed minimum income benefit, GPB Options 1 and 2, and Principal
Protector(SM). However, subject to any exceptions in the contract, our rules and
any applicable requirements under federal income tax rules, the beneficiary may
elect to apply the death benefit to one or more annuity payout options we offer
at the time. See "Your annuity payout options" in "Accessing your money" earlier
in this Prospectus. Please note that any annuity payout option chosen may not
extend beyond the life expectancy of the beneficiary. '


Successor owner and annuitant

If you are both the contract owner and the annuitant, and your spouse is the
sole primary beneficiary or the joint owner, then your spouse may elect to
receive the death benefit or continue the contract as successor owner/annuitant.
The successor owner/annuitant must be 85 or younger as of the date of the
non-surviving spouse's death.


If your surviving spouse decides to continue the contract, then as of the date
we receive satisfactory proof of your death, any required instructions and
information, and forms necessary to effect the Successor owner/annuitant
feature, we will increase the account value to equal your elected Guaranteed
minimum death benefit as of the date of your death if such death benefit is
greater than your account value, plus any amount applicable under the Protection
Plus(SM) feature, and adjusted for any subsequent withdrawals. If any
contributions are made during the one-year period prior to your death, the
account value will first be reduced by any Credits applied to any such
contributions. The increase in the account value will be allocated to the
investment options according to the allocation percentages we have on file for
your contract. Thereafter, withdrawal charges will no longer apply to
contributions made before your death. Withdrawal charges will apply if
additional contributions are made. These additional contributions will be
considered to be withdrawn only after all other amounts have been withdrawn. In
determining whether your applicable guaranteed minimum death benefit option will
continue to grow, we will use your surviving spouse's age as of the date we
receive satisfactory proof of your death, any required instructions and the
information and forms necessary to effect the successor owner/ annuitant
feature.


We will determine whether your applicable Guaranteed minimum death benefit
option will continue as follows:

o  If the successor owner/annuitant is age 75 or younger on the date of the
   original owner/annuitant's death, and the original owner/ annuitant was age
   84 or younger at death, the Guaranteed minimum death benefit continues based
   upon the option that was elected by the original owner/annuitant and will
   continue to grow according to its terms until the contract date anniversary
   following the date the successor owner/annuitant reaches age 85.

o  If the successor owner/annuitant is age 75 or younger on the date of the
   original owner/annuitant's death, and the original owner/ annuitant was age
   85 or older at death, we will reinstate the Guaranteed minimum death benefit
   that was elected by the original owner/annuitant. The benefit will continue
   to grow according to its terms until the contract date anniversary following
   the date the successor owner/annuitant reaches age 85.

o  If the successor owner/annuitant is age 76 or over on the date of the
   original owner/annuitant's death, the Guaranteed minimum death benefit will
   no longer grow, and we will no longer charge for the benefit.

If you elect Principal Protector(SM), the benefit and charge will remain in
effect. If the GWB benefit base is zero at the time of your death, and the
charge had been suspended, the charge will be reinstated if any of the events,
described in "Principal Protector(SM) charge" in "Charges and expenses" earlier
in this Prospectus, occur. The GWB benefit base will not automatically be
stepped up to equal the account value, if higher, upon your death. Your spouse
must wait five complete years from the prior step up or from contract issue,
whichever is later, in order to be eligible for the Optional step up. For more
information, see "Principal Protector(SM)" in "Contract features and benefits"
earlier in this Prospectus.

                                                     Payment of death benefit 61



Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For information on the operation of the successor owner/annuitant feature with
the Guaranteed minimum income benefit, see "Exercise of Guaranteed minimum
income benefit" under "Guaranteed minimum income benefit option" in "Contract
features and benefits," earlier in this Prospectus. For information on the
operation of this feature with Protection Plus(SM), see "Protection Plus(SM)" in
"Guaranteed minimum death benefit" under "Contract features and benefits,"
earlier in this Prospectus.

SPOUSAL PROTECTION

SPOUSAL PROTECTION OPTION FOR NQ CONTRACTS ONLY. This feature permits spouses
who are joint contract owners to increase the account value to equal the
guaranteed minimum death benefit, if higher, and by the value of any Protection
Plus(SM) benefit, if elected, upon the death of either spouse. This account
value "step up" occurs even if the surviving spouse was the named annuitant. If
you and your spouse jointly own the contract and one of you is the named
annuitant, you may elect the Spousal protection option at the time you purchase
your contract at no additional charge. Both spouses must be between the ages of
20 and 70 at the time the contract is issued and must each be named the primary
beneficiary in the event of the other's death.

The annuitant's age is generally used for the purpose of determining contract
benefits. However, for the Annual Ratchet to age 85 and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 guaranteed minimum death benefits
and the Protection Plus(SM) benefit, the benefit is based on the older spouse's
age. The older spouse may or may not be the annuitant. However, for purposes of
the Guaranteed minimum death benefit/guaranteed minimum income benefit roll-up
benefit base reset option, the last age at which the benefit base may be reset
is based on the annuitant's age, not the older spouse's age.

If the annuitant dies prior to annuitization, the surviving spouse may elect to
receive the death benefit, including the value of the Protection Plus(SM)
benefit, or, if eligible, continue the contract as the sole owner/  annuitant
by electing the successor owner/annuitant option. If the non-annuitant spouse
dies prior to annuitization, the surviving spouse continues the contract
automatically as the sole owner/annuitant. In either case, the contract would
continue, as follows:

o As of the date we receive due proof of the spouse's death, the account value
  will be reset to equal the Guaranteed minimum death benefit as of the date of
  the non-surviving spouse's death, if higher, increased by the value of the
  Protection Plus(SM) benefit. If the annuitant spouse dies, the account value
  will first be reduced by any Credits applied in the one-year period prior to
  the death of either spouse.

o The Guaranteed minimum death benefit continues to be based on the older
  spouse's age for the life of the contract, even if the younger spouse is
  originally or becomes the sole owner/annuitant.

o The Protection Plus(SM) benefit will now be based on the surviving spouse's
  age at the date of the non-surviving spouse's death for the remainder of the
  life of the contract. If the benefit had been previously frozen because the
  older spouse had attained age 80, it will be reinstated if the surviving
  spouse is age 75 or younger. The benefit is then frozen on the contract date
  anniversary after the surviving spouse reaches age 80. If the surviving spouse
  is age 76 or older, the benefit will be discontinued even if the surviving
  spouse is the older spouse (upon whose age the benefit was originally based).

o The Guaranteed minimum income benefit may continue if the benefit had not
  already terminated and the benefit will be based on the successor
  owner/annuitant, if applicable. See "Guaranteed minimum income benefit" in
  "Contract features and benefits" earlier in this Prospectus.

o If the annuitant dies first, withdrawal charges will no longer apply to any
  contributions made prior to the annuitant's death. If the non-annuitant spouse
  dies first, the withdrawal charge schedule remains in effect with regard to
  all contributions.

o If you elect Principal Protector(SM), the benefit and charge will remain in
  effect. If your GWB benefit base is zero at the time of your death, and the
  charge had been suspended, the charge will be reinstated if any of the events,
  described in "Principal Protector(SM) charge" in "Charges and expenses"
  earlier in this Prospectus, occur. The GWB benefit base will not automatically
  be stepped up to equal the account value, if higher, upon your death. Your
  spouse must wait five complete years from the prior step up or from contract
  issue, whichever is later, in order to be eligible for the Optional step up.
  For more information, see "Principal Protector(SM)" in "Contract features and
  benefits" earlier in this Prospectus.

We will not allow Spousal protection to be added after contract issue. If there
is a change in owner or primary beneficiary, the Spousal protection benefit
will be terminated. If you divorce, but do not change the owner or primary
beneficiary, Spousal protection continues.


If you already are an existing contract owner this feature may not be available
to you. See Appendix IX later in this Prospectus for more information about
your contract.


BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VIII later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual

62  Payment of death benefit



retirement annuity contract, using the account beneficiary as the annuitant.
Please speak with your financial professional for further information.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit, if such death benefit is greater than such account value, plus any
amount applicable under the Protection Plus(SM) feature, adjusted for any
subsequent withdrawals. If you die during the one-year period following our
receipt of a contribution, the account value will first be reduced by any
Credits applied to such contribution.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs')," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o The contract continues in your name for the benefit of your beneficiary.

o This feature is only available if the beneficiary is an individual. Certain
  trusts with only individual beneficiaries will be treated as individuals for
  this purpose.

o If there is more than one beneficiary, each beneficiary's share will be
  separately accounted for. It will be distributed over the beneficiary's own
  life expectancy, if payments over life expectancy are chosen.

o The minimum amount that is required in order to elect the beneficiary
  continuation option is $5,000 for each beneficiary.

o The beneficiary may make transfers among the investment options but no
  additional contributions will be permitted.

o If you had elected the Guaranteed minimum income benefit, an optional enhanced
  death benefit, GPB Option 2 or Principal Protector(SM) (in certain
  circumstances) under the contract, they will no longer be in effect and
  charges for such benefits will stop. Also, any Guaranteed minimum death
  benefit feature will no longer be in effect. See below for certain
  circumstances where Principal Protector(SM) may continue to apply.

o The beneficiary may choose at any time to withdraw all or a portion of the
  account value and no withdrawal charges, if any, will apply.

o Any partial withdrawal must be at least $300.

o Your beneficiary will have the right to name a beneficiary to receive any
  remaining interest in the contract.

o Upon the death of your beneficiary, the beneficiary he or she has named has
  the option to either continue taking required minimum distributions based on
  the remaining life expectancy of the deceased beneficiary or to receive any
  remaining interest in the contract in a lump sum. The option elected will be
  processed when we receive satisfactory proof of death, any required
  instructions for the method of payment and any required information and forms
  necessary to effect payment.

o If you had elected Principal Protector(SM), your spousal beneficiary may not
  continue Principal Protector(SM), and the benefit will terminate without
  value, even if the GWB benefit base is greater than zero. In general, spousal
  beneficiaries who wish to continue Principal Protector(SM) should consider
  continuing the contract under the Successor owner and annuitant feature, if
  eligible. In general, eligibility requires that your spouse must be the sole
  primary beneficiary. Please see "Successor owner and annuitant" in "How death
  benefit payment is made" under "Payment of death benefit" earlier in this
  Prospectus for further details. If there are multiple beneficiaries who elect
  the Beneficiary continuation option, the spousal beneficiary may continue the
  contract without Principal Protector(SM) and non-spousal beneficiaries may
  continue with Principal Protector(SM). In this case, the spouse's portion of
  the GWB benefit base will terminate without value.

o If you had elected Principal Protector(SM), your non-spousal beneficiary may
  continue the benefit, as follows:

  o The beneficiary was 75 or younger on the original contract date.

  o The benefit and charge will remain in effect unless your beneficiary tells
    us to terminate the benefit at the time of the Beneficiary continuation
    option election.

  o One time step up: Upon your death, if your account value is greater than the
    GWB benefit base, the GWB benefit base will be automatically stepped up to
    equal the account value, at no additional charge. If Principal Protector(SM)
    is not in effect at the time of your death because the GWB benefit base is
    zero, the beneficiary may reinstate the benefit (at the charge that was last
    in effect) with the one time step up. If you die during the one-year period
    following our receipt of a contribution to which a Credit was applied, the
    account value will first be reduced by any Credits applied to such
    contribution before comparison with the GWB benefit base for purposes of any
    GWB benefit base step up. If the beneficiary chooses not to reinstate the
    Principal Protector(SM) at the time the Beneficiary continuation option is
    elected, Principal Protector(SM) will terminate.

                                                    Payment of death benefit  63



   o If there are multiple beneficiaries each beneficiary's interest in the GWB
     benefit base will be separately accounted for.

   o As long as the GWB benefit base is $5,000 or greater, the beneficiary may
     elect the Beneficiary continuation option and continue Principal
     Protector(SM) even if the account value is less than $5,000.

   o If scheduled payments are elected, the beneficiary's scheduled payments
     will be calculated, using the greater of the account value or the GWB
     benefit base, as of each December 31. If the beneficiary dies prior to
     receiving all payments, we will make the remaining payments to the person
     designated by the deceased non-spousal beneficiary, unless that person
     elects to take any remaining account value in a lump sum, in which case any
     remaining GWB benefit base will terminate without value.

   o If the "5-year rule" is elected and the beneficiary dies prior to the end
     of the fifth year, we will pay any remaining account value in a lump sum
     and the contract and any remaining GWB benefit base will terminate without
     value.

   o Provided no other withdrawals are taken during a contract year while the
     beneficiary receives scheduled payments, the scheduled payments will not
     cause a GWB Excess withdrawal, even if they exceed the GWB Annual
     withdrawal amount. If the beneficiary takes any other withdrawals while the
     Beneficiary continuation option scheduled payments are in effect, the GWB
     Excess withdrawal exception terminates permanently. In order to take
     advantage of this exception, the beneficiary must elect the scheduled
     payments rather than the "5-year rule." If the beneficiary elects the
     "5-year rule," there is no exception.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACT ONLY. This feature, also known
as the Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. If the owner and annuitant are different and the owner
dies before the annuitant, for purposes of this discussion, "beneficiary"
refers to the successor owner. For a discussion of successor owner, see "When
an NQ contract owner dies before the annuitant" earlier in this section. This
feature must be elected within 9 months following the date of your death and
before any inconsistent election is made. Beneficiaries who do not make a
timely election will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts (regardless of
whether the owner and the annuitant are the same person):

o This feature is only available if the beneficiary is an individual. It is not
  available for any entity such as a trust, even if all of the beneficiaries of
  the trust are individuals.

o The contract continues in your name for the benefit of your beneficiary.

o If there is more than one beneficiary, each beneficiary's share will be
  separately accounted for. It will be distributed over the respective
  beneficiary's own life expectancy, if scheduled payments are chosen.

o The minimum amount that is required in order to elect the beneficiary
  continuation option is $5,000 for each beneficiary.

o The beneficiary may make transfers among the investment options but no
  additional contributions will be permitted.

o If you had elected the Guaranteed minimum income benefit, an optional enhanced
  death benefit, GPB Option 2 or Principal Protector(SM) (in certain
  circumstances) under the contract, they will no longer be in effect and
  charges for such benefits will stop. Also, any Guaranteed minimum death
  benefit feature will no longer be in effect. See below for certain
  circumstances where Principal Protector(SM) may continue to apply.

o If the beneficiary chooses the "5-year rule," withdrawals may be made at any
  time. If the beneficiary instead chooses scheduled payments, the beneficiary
  must also choose between two potential withdrawal options at the time of
  election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
  cannot later withdraw funds in addition to the scheduled payments the
  beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
  "Withdrawal Option 2" permits the beneficiary to take withdrawals, in addition
  to scheduled payments, at any time. However, the scheduled payments under
  "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
  payments." See "Taxation of nonqualified annuities" in "Tax Information" later
  in this Prospectus.

o Any partial withdrawals must be at least $300.

o Your beneficiary will have the right to name a beneficiary to receive any
  remaining interest in the contract on the beneficiary's death.

o Upon the death of your beneficiary, the beneficiary he or she has named has
  the option to either continue taking scheduled payments based on the remaining
  life expectancy of the deceased beneficiary (if scheduled payments were
  chosen) or to receive any remaining interest in the contract in a lump sum. We
  will pay any remaining interest in the contract in a lump sum if your
  beneficiary elects the 5-year rule. The option elected will be processed when
  we receive satisfactory proof of death, any required instructions for the
  method of payment and any required information and forms necessary to effect
  payment.

o If you had elected Principal Protector(SM), your spousal beneficiary may not
  continue Principal Protector(SM), and the benefit will terminate without
  value, even if the GWB benefit base is greater than zero. In general, spousal
  beneficiaries who wish to continue Principal Protector(SM) should consider
  continuing the contract under the Successor owner and annuitant feature, if
  eligible. In general, eligibility requires that you must be the owner and
  annuitant and your

64  Payment of death benefit



  spouse must be the sole primary beneficiary. Please see "Successor owner and
  annuitant" in "How death benefit payment is made" under "Payment of death
  benefit" earlier in this Prospectus for further details. If there are multiple
  beneficiaries who elect the Beneficiary continuation option, the spousal
  beneficiary may continue the contract without Principal Protector(SM) and
  non-spousal beneficiaries may continue with Principal Protector(SM). In this
  case, the spouse's portion of the GWB benefit base will terminate without
  value.

o If the non-spousal beneficiary chooses scheduled payments under "Withdrawal
  Option 1," as discussed above in this section, Principal Protector(SM) may not
  be continued and will automatically terminate without value even if the GWB
  benefit base is greater than zero.

o If you had elected Principal Protector(SM), your non-spousal beneficiary may
  continue the benefit, as follows:

     o The beneficiary was 75 or younger on the original contract date.

     o The benefit and charge will remain in effect unless your beneficiary
       tells us to terminate the benefit at the time of the Beneficiary
       continuation option election.

     o One time step up: Upon your death, if your account value is greater than
       the GWB benefit base, the GWB benefit base will be automatically stepped
       up to equal the account value, at no additional charge. If Principal
       Protector(SM) is not in effect at the time of your death because the GWB
       benefit base is zero, the beneficiary may reinstate the benefit (at the
       charge that was last in effect) with the one time step up. If you die
       during the one-year period following our receipt of a contribution to
       which a Credit was applied, the account value will first be reduced by
       any Credits applied to such contribution before comparison with the GWB
       benefit base for purposes of any GWB benefit base step up. If the
       beneficiary chooses not to reinstate the Principal Protector(SM) at the
       time the Beneficiary continuation option is elected, Principal
       Protector(SM) will terminate.

     o If there are multiple beneficiaries, each beneficiary's interest in the
       GWB benefit base will be separately accounted for.

     o As long as the GWB benefit base is $5,000 or greater, the beneficiary may
       elect the Beneficiary continuation option and continue Principal
       Protector(SM) even if the account value is less than $5,000.

     o If scheduled payments under "Withdrawal Option 2" is elected, the
       beneficiary's scheduled payments will be calculated using the greater of
       the account value or the GWB benefit base, as of each December 31. If the
       beneficiary dies prior to receiving all payments, we will make the
       remaining payments to the person designated by the deceased non-spousal
       beneficiary, unless that person elects to take any remaining account
       value in a lump sum, in which case any remaining GWB benefit base will
       terminate without value.

     o If the "5-year rule" is elected and the beneficiary dies prior to the end
       of the fifth year, we will pay any remaining account value in a lump sum
       and the contract and any remaining GWB benefit base will terminate
       without value.

     o Provided no other withdrawals are taken during a contract year while the
       beneficiary receives scheduled payments, the scheduled payments will not
       cause a GWB Excess withdrawal, even if they exceed the GWB Annual
       withdrawal amount. If the beneficiary takes any other withdrawals while
       the Beneficiary continuation option scheduled payments are in effect, the
       GWB Excess withdrawal exception terminates permanently. In order to take
       advantage of this exception, the beneficiary must elect scheduled
       payments under "Withdrawal Option 2" rather than the "5-year rule." If
       the beneficiary elects the "5-year rule," there is no exception.

If you are both the owner and annuitant:

o As of the date we receive satisfactory proof of death, any required
  instructions, information and forms necessary to effect the beneficiary
  continuation option feature, we will increase the annuity account value to
  equal the applicable death benefit if such death benefit is greater than such
  account value, plus any amount applicable under the Protection Plus(SM)
  feature, adjusted for any subsequent withdrawals. If you die during the
  one-year period following our receipt of a contribution, the account value
  will first be reduced by any Credits applied to such contribution.

o No withdrawal charges, if any, will apply to any withdrawals by the
  beneficiary.

If the owner and annuitant are not the same person:

o If the beneficiary continuation option is elected, the beneficiary
  automatically becomes the new annuitant of the contract, replacing the
  existing annuitant.

o The annuity account value will not be reset to the death benefit amount.

o The contract's withdrawal charge schedule will continue to be applied to any
  withdrawal or surrender other than scheduled payments; the contract's free
  corridor amount will continue to apply to withdrawals but does not apply to
  surrenders.

o We do not impose a withdrawal charge on scheduled payments except if, when
  added to any withdrawals previously taken in the same contract year, including
  for this purpose a contract surrender, the total amount of withdrawals and
  scheduled payments exceed the free corridor amount. See the "Withdrawal
  charges" in "Charges and expenses" earlier in this Prospectus.

If a contract is jointly owned:

o The surviving owner supersedes any other named beneficiary and may elect the
  beneficiary continuation option.

o If the deceased joint owner was also the annuitant, see "If you are both the
  owner and annuitant" earlier in this section.

o If the deceased joint owner was not the annuitant, see "If the owner and
  annuitant are not the same person" earlier in this section.

                                                    Payment of death benefit  65



7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Plus(SM) contracts owned by United States
individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.


BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator(R) Plus'(SM) extra credit on each
contribution, choice of death benefits, the Principal Protector(SM) benefit, the
Guaranteed minimum income benefit, guaranteed interest option, fixed maturity
options, selection of variable investment options and its choices of payout
options, as well as the features and benefits of other permissible funding
vehicles and the relative costs of annuities and other arrangements. You should
be aware that cost may vary depending on the features and benefits made
available and the charges and expenses of the investment options or funds that
you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to, the
guaranteed minimum income benefit and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract. See also Appendix II at the end of this Prospectus for a discussion
of QP contracts.

TRANSFERS AMONG VARIABLE INVESTMENT OPTIONS

You can make transfers among variable investment options inside the contract
without triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o if a contract fails investment diversification requirements as specified in
  federal income tax rules (these rules are based on or are similar to those
  specified for mutual funds under the securities laws);

o if you transfer a contract, for example, as a gift to someone other than your
  spouse (or former spouse);

o if you use a contract as security for a loan (in this case, the amount pledged
  will be treated as a distribution); and

o if the owner is other than an individual (such as a corporation, partnership,
  trust, or other non-natural person). This provision does not apply to a trust
  which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

66  Tax information



ANNUITY PAYMENTS

Once annuity payments begin, a portion of each payment is taxable as ordinary
income. You get back the remaining portion without paying taxes on it. This is
your "investment in the contract." Generally, your investment in the contract
equals the contributions you made, less any amounts you previously withdrew
that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.

PROTECTION PLUS(SM) FEATURE

In order to enhance the amount of the death benefit to be paid at the
Annuitant's death, you may purchase a Protection Plus(SM) rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which should have no adverse tax effect, it is possible that the IRS could take
a contrary position or assert that the Protection Plus(SM) rider is not part of
the contract. In such a case, the charges for the Protection Plus(SM) rider
could be treated for federal income tax purposes as a partial withdrawal from
the contract. If this were so, such a deemed withdrawal could be taxable, and
for contract owners under age 59-1/2, also subject to a tax penalty. Were the
IRS to take this position, Equitable would take all reasonable steps to attempt
to avoid this result which could include amending the contract (with appropriate
notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o the contract that is the source of the funds you are using to purchase the NQ
  contract is another nonqualified deferred annuity contract or life insurance
  or endowment contract.

o the owner and the annuitant are the same under the source contract and the
  Accumulator(R) Plus(SM) NQ contract. If you are using a life insurance or
  endowment contract the owner and the insured must be the same on both sides of
  the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Plus(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required
to process this type of exchange.


Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


Beneficiary continuation option

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for NQ contracts. See the discussion "Beneficiary continuation option for NQ
contracts only" in "Payment of death benefit" earlier in this Prospectus. Among
other things, the IRS rules that:

o scheduled payments under the beneficiary continuation option for NQ contracts
  satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
  of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
  2;"

o scheduled payments, any additional withdrawals under "Withdrawal Option 2," or
  contract surrenders under "Withdrawal Option 1" will only be taxable to the
  beneficiary when amounts are actually paid, regardless of the Withdrawal
  Option selected by the beneficiary;

o a beneficiary who irrevocably elects scheduled payments with "Withdrawal
  Option 1" will receive "excludable amount" tax treatment on scheduled
  payments. See "Annuity payments" earlier in this section. If the beneficiary
  elects to surrender the contract before all scheduled payments are paid, the
  amount received upon surrender is a non-annuity payment taxable to the extent
  it exceeds any remaining investment in the contract.

The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken). The ruling also does not address the
effect of the retention of the Principal Protector(SM) feature discussed earlier
in this Prospectus under "Contract features and benefits," which a non-spousal
beneficiary may elect under certain conditions. Before electing the beneficiary
continuation

                                                             Tax information  67



option feature, the individuals you designate as beneficiary or successor owner
should discuss with their tax advisers the consequences of such elections.

The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o on or after your death; or

o because you are disabled (special federal income tax definition); or

o in the form of substantially equal periodic annuity payments for your life (or
  life expectancy), or the joint lives (or joint life expectancy) of you and a
  beneficiary, in accordance with IRS formulas.

INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Accounts 45 and 49. If
you were treated as the owner, you would be taxable on income and gains
attributable to the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Accounts 45 and 49. The IRS has said that the owners of variable annuities will
not be treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Accounts 45 and 49, there are some
issues that remain unclear. For example, the IRS has not issued any guidance as
to whether having a larger number of portfolios available, or an unlimited
right to transfer among them, could cause you to be treated as the owner. We do
not know whether the IRS will ever provide such guidance or whether such
guidance, if unfavorable, would apply retroactively to your contract.
Furthermore, the IRS could reverse its current guidance at any time. We reserve
the right to modify your contract as necessary to prevent you from being
treated as the owner of the assets of Separate Accounts 45 and 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets funding the account for the benefit of the IRA owner. The assets
typically can include mutual funds and/or individual stocks and/or securities
in a custodial account, and bank certificates of deposit in a trusteed account.
In an individual retirement annuity, an insurance company issues an annuity
contract that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA ("Rollover IRA") or Roth IRA ("Roth
Conversion IRA"). This Prospectus contains the information that the IRS
requires you to have before you purchase an IRA. The first section covers some
of the special tax rules that apply to traditional IRAs. The next section
covers Roth IRAs. The disclosure generally assumes direct ownership of the
individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.


We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).


68  Tax information




For some of the contracts covered by this Prospectus, we have received an
opinion letter from the IRS approving the respective forms of the Accumulator(R)
Plus(SM) traditional and Roth IRA contracts for use as a traditional IRA and a
Roth IRA, respectively. For others, we have not applied for an opinion letter
from the IRS to approve the respective forms of the Accumulator(R) Plus(SM)
traditional and Roth IRA contracts for use as a traditional and Roth IRA,
respectively. We have submitted the respective forms of the Accumulator(R)
Plus(SM) Inherited IRA beneficiary continuation contract to the IRS for approval
as to form for use as a traditional IRA or Roth IRA, respectively. We do not
know if and when any such approval may be granted. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
any series of Accumulator(R) Plus(SM) traditional and Roth IRA contracts.


PROTECTION PLUS(SM) FEATURE

The Protection Plus(SM) feature is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Protection Plus(SM) feature qualifies as to form for use
as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) traditional and Roth IRA contracts. You should discuss with
your tax adviser whether you should consider purchasing an Accumulator(R)
Plus(SM) IRA or Accumulator(R) Plus(SM) Roth IRA with optional Protection
Plus(SM) feature.

Your right to cancel within a certain number of days

You can cancel either type of Accumulator(R) Plus(SM) IRA contract (traditional
IRA or Roth IRA) by following the directions in "Your right to cancel within a
certain number of days" under "Contract features and benefits" earlier in this
Prospectus. If you cancel a traditional IRA or Roth IRA contract, we may have
to withhold tax, and we must report the transaction to the IRS. A contract
cancellation would have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Contributions to traditional IRAs.  Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:

o    "regular" contributions out of earned income or compensation; or

o    tax-free "rollover" contributions; or

o    direct custodian-to-custodian transfers from other traditional
     IRAs ("direct transfers").

Regular contributions to traditional IRAs


Limits on contributions.  The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses.  If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. Catch-up contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.


Deductibility of contributions.  The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored retirement plan, as defined under special
federal income tax rules. Your Form W-2 will indicate whether or not you are
covered by such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions." That is, for 2007, your fully deductible
contribution can be up to $4,000, $5,000 for 2008, or if less, your earned
income. The dollar limit is $5,000 for people eligible to make age 50-70-1/2
catch-up contributions for 2007 ($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.

                                                             Tax information  69




Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $75,000 and $85,000 in 2006. In 2007,
the deduction will phase out for AGI between $80,000 and $100,000 (For 2007,
AGI between $83,000 and $103,000 after adjustment).


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000 (for 2007, between $156,000 and $166,000 after
adjustment).


To determine the deductible amount of the contribution for 2006, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:


    ($10,000-excess AGI)     times    the maximum       Equals the adjusted
    --------------------       x        regular           =     deductible
    divided by $10,000                contribution             contribution
                                      for the year                 limit

Additional "Saver's Credit" for contributions to a traditional
IRA or Roth IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax
return, and your adjusted gross income cannot exceed $50,000 ($52,000 after
cost of living indexing beginning in 2007). The amount of the tax credit you
can get varies from 10% of your contribution to 50% of your contribution, and
depends on your income tax filing status and your adjusted gross income. The
maximum annual contribution eligible for the saver's credit is $2,000. If you
and your spouse file a joint return, and each of you qualifies, each is
eligible for a maximum annual contribution of $2,000. Your saver's credit may
also be reduced if you take or have taken a taxable distribution from any plan
eligible for a saver's credit contribution -- even if you make a contribution
to one plan and take the distribution from another plan -- during the "testing
period." The "testing period" begins two years before the year for which you
make the contribution and ends when your tax return is due for the year for
which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

When you can make regular contributions.  If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o    qualified plans;

o    governmental employer 457(b) plans;

o    TSAs (including Internal Revenue Code Section 403(b)(7) custo
     dial accounts); and

o    other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs

Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds

70  Tax information




on the same basis as the plan participant. Beginning in 2007, a non-spousal
death beneficiary may also be able to make rollover contributions to an
individual retirement plan under certain circumstances.


There are two ways to do rollovers:

o    Do it yourself:
     You actually receive a distribution that can be rolled over and you roll
     it over to a traditional IRA within 60 days after the date you receive the
     funds. The distribution from your eligible retirement plan will be net of
     20% mandatory federal income tax withholding. If you want, you can replace
     the withheld funds yourself and roll over the full amount.

o    Direct rollover:
     You tell the trustee or custodian of the eligible retirement plan to send
     the distribution directly to your traditional IRA issuer. Direct rollovers
     are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o    "required minimum distributions" after age 70-1/2 or retirement
     from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    death benefit payments to a beneficiary who is not your surviving
     spouse; or

o    qualified domestic relations order distributions to a beneficiary
     who is not your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement
plans other than traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court ordered divorce or separation decree.


Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o    regular contributions of more than the maximum regular contri-
     bution amount for the applicable taxable year); or

o    regular contributions to a traditional IRA made after you reach
     age 70-1/2; or

o    rollover contributions of amounts which are not eligible to be
     rolled over, for example, minimum distributions required to be made after
     age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

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(1)  the rollover was from an eligible retirement plan to a traditional IRA;

(2)  the excess contribution was due to incorrect information that the plan
     provided; and

(3)  you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments.  Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible
traditional IRA contributions (less any amounts previously withdrawn tax free)
to the total account balances of all traditional IRAs you own at the end of the
year plus all traditional IRA distributions made during the year. Multiply this
by all distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o    the amount received is a withdrawal of excess contributions, as
     described under "Excess contributions" earlier in this section; or

o    the entire amount received is rolled over to another traditional
     IRA or other eligible retirement plan which agrees to accept the funds.
     (See "Rollovers from eligible retirement plans other than traditional
     IRAs" under "Rollover and transfer contributions to traditional IRAs"
     earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


Required minimum distributions

BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS

Distributions must be made from traditional IRAs according to rules contained
in the Code and Treasury Regulations. Beginning in 2006, certain provisions of
the Treasury Regulations require that the actuarial present value of additional
annuity contract benefits be added to the dollar amount credited for purposes
of calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income
benefits and enhanced death benefits. This could increase the amount required
to be distributed from these contracts. If you take annual withdrawal instead
of annuitizing, please consult your tax adviser concerning applicability of
these complex rules to your situation.

Lifetime required minimum distributions.  You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution.  The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that

72  Tax information



year--the delayed one for the first year and the one actually for that year.
Once minimum distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans?  No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose?  We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year?  The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year?  Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die?  These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary.  Regardless of whether your death occurs before or
after your Required Beginning Date, an individual death beneficiary calculates
annual post-death required minimum distribution payments based on the
beneficiary's life expectancy using the "term certain method." That is, he or
she determines his or her life expectancy using the IRS-provided life
expectancy tables as of the calendar year after the owner's death and reduces
that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

Spousal beneficiary.  If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from your
traditional IRA into his/her own traditional IRA or other eligible retirement
plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary.  If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the

                                                             Tax information  73



estate, the rules permit the beneficiary to calculate post-death required
minimum distribution amounts based on the owner's life expectancy in the year
of death. However, note that we need an individual annuitant to keep an annuity
contract in force. If the beneficiary is not an individual, we must distribute
amounts remaining in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Successor owner and annuitant

If your spouse is the sole primary beneficiary and elects to become the
successor owner and annuitant, no death benefit is payable until your surviving
spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    used to pay certain extraordinary medical expenses (special fed-
     eral income tax definition); or

o    used to pay medical insurance premiums for unemployed indi-
     viduals (special federal income tax definition); or

o    used to pay certain first-time home buyer expenses (special fed-
     eral income tax definition; $10,000 lifetime total limit for these
     distributions from all your traditional and Roth IRAs); or

o    used to pay certain higher education expenses (special federal
     income tax definition); or

o    in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy) or over the joint
     lives of you and your beneficiary (or your joint life expectancies using
     an IRS-approved distribution method.

To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially
equal withdrawals and Income Manager(SM) payments are not subject to the 10%
penalty tax, they are taxable as discussed in "Withdrawals, payments and
transfers of funds out of traditional IRAs" above. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under this option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.

Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Plus(SM) Roth Conversion IRA contract is designed to qualify
as a Roth individual retirement annuity under Sections 408A(b) and 408(b) of
the Internal Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o    regular after-tax contributions out of earnings; or

o    taxable rollover contributions from traditional IRAs ("conversion"
     contributions); or

o    tax-free rollover contributions from other Roth arrangements; or

o    tax-free direct custodian-to-custodian transfers from other Roth
     IRAs ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in
this section. If you use the forms we require, we will also accept traditional
IRA funds which are subsequently recharacterized as Roth IRA funds following
special federal income tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Regular contributions to Roth IRAs

Limits on regular contributions.  The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular

74  Tax information




contribution amount depends on age, earnings, and year, among other things.
Generally, $4,000 is the maximum amount that you may contribute to all IRAs
(including Roth IRAs) for 2007 ($5,000 for 2008). This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a Roth
IRA. Any contributions to Roth IRAs reduce your ability to contribute to
traditional IRAs and vice versa. When your earnings are below $4,000, your
earned income or compensation for the year is the most you can contribute. If
you are married and file a joint income tax return, you and your spouse may
combine your compensation to determine the amount of regular contributions you
are permitted to make to Roth IRAs and traditional IRAs. See the discussion
earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):

o    your federal income tax filing status is "married filing jointly" and
     your modified adjusted gross income is over $160,000 (for 2007, $166,000
     after adjustment); or

o    your federal income tax filing status is "single" and your modified
     adjusted gross income is over $110,000 (for 2007, $114,000 after
     adjustment).

However, you can make regular Roth IRA contributions in reduced amounts when:

o    your federal income tax filing status is "married filing jointly" and
     your modified adjusted gross income is between $150,000 and $160,000 (for
     2007, between $156,000 and $166,000 after adjustment); or

o    your federal income tax filing status is "single" and your modified
     adjusted gross income is between $95,000 and $110,000 (for 2007, between
     $99,000 and $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions.  Same as traditional IRAs.

Deductibility of contributions.  Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o    another Roth IRA ("tax-free rollover contribution");

o    from a "designated Roth contribution account" under a 401(k)
     plan or a 403(b) arrangement;

o    another traditional IRA, including a SEP-IRA or SIMPLE IRA (after
     a two-year rollover limitation period for SIMPLE IRA funds), in a taxable
     conversion rollover ("conversion contribution");


o    you may not make contributions to a Roth IRA from a qualified
     plan under Section 401(a) of the Internal Revenue Code, a TSA under
     Section 403(b) of the Internal Revenue Code or any other eligible
     retirement plan until 2008. You may make rollover contributions from a
     "designated Roth contribution account" under a 401(k) plan or a 403(b)
     arrangement which permits designated Roth elective deferral contributions
     to be made, beginning in 2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever

                                                             Tax information  75



made nondeductible regular contributions to any traditional IRA -- whether or
not it is the traditional IRA you are converting -- a pro rata portion of the
distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.


The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."


You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize.  To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o    rollovers from a Roth IRA to another Roth IRA;

o    direct transfers from a Roth IRA to another Roth IRA;

o    qualified distributions from a Roth IRA; and

76  Tax information



o    return of excess contributions or amounts recharacterized to a traditional
     IRA.

Qualified distributions from Roth IRAs.  Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o    you are age 59-1/2 or older; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    your distribution is a "qualified first-time homebuyer distribution"
     (special federal income tax definition; $10,000 lifetime total limit for
     these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs.  Nonqualified distributions from
Roth IRAs are distributions that do not meet both the qualifying event and
five-year aging period tests described above. If you receive such a
distribution, part of it may be taxable. For purposes of determining the
correct tax treatment of distributions (other than the withdrawal of excess
contributions and the earnings on them), there is a set order in which
contributions (including conversion contributions) and earnings are considered
to be distributed from your Roth IRA. The order of distributions is as follows:

(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally, total
     conversions from the earliest year first). These conversion contributions
     are taken into account as follows:

     (a) Taxable portion (the amount required to be included in gross income
         because of conversion) first, and then the

     (b) Nontaxable portion.

(3)  Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1)  All distributions made during the year from all Roth IRAs you maintain --
     with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contributions made
     after the close of the year, but before the due date of your return) are
     added together. This total is added to the total undistributed regular
     contributions made in prior years.


(3)  All conversion contributions made during the year are added together. For
     purposes of the ordering rules, in the case of any conversion in which the
     conversion distribution is made in 2007 and the conversion contribution is
     made in 2008, the conversion contribution is treated as contributed prior
     to other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004 the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section

                                                             Tax information  77



403(b) of the Code, and the contracts issued to fund such plans. Please Consult
your tax adviser concerning how these Proposed Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

Protection Plus(SM) feature

The Protection Plus(SM) feature is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Protection
Plus(SM) benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Protection
Plus(SM) rider is not a permissible part of a TSA contract. If the IRS were to
take the position that the optional Protection Plus(SM) benefit is not part of
the contract, in such a case, the charges for the Protection Plus(SM) rider
could be treated for federal income tax purposes as a partial withdrawal from
the contract. If this were so, such a deemed withdrawal could affect the tax
qualification of the TSA and could be taxable. Were the IRS to take any adverse
position, AXA Equitable would take all reasonable steps to attempt to avoid any
adverse result, which would include amending the contract (with appropriate
notice to you). You should discuss with your tax adviser whether you should
consider purchasing an Accumulator(R) Plus(SM) Rollover TSA contract with the
optional Protection Plus(SM) feature.

Contributions to TSAs

There are two ways you can make contributions to establish your Rollover TSA
contract:

o    a full or partial direct transfer of assets ("direct transfer") from
     another contract or arrangement that meets the requirements of Section
     403(b) of the Internal Revenue Code by means of IRS Revenue Ruling 90-24;
     or

o    a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R) Plus(SM)
TSA. We do not accept "designated Roth contributions" rolled over from a 401(k)
plan or a 403(b) arrangement or directly transferred from another 403(b)
arrangement.

Employer-remitted contributions. The Rollover TSA contract does not accept
employer-remitted contributions. However, we provide the following discussion
as part of our description of restrictions on the distribution of funds
directly transferred, which include employer-remitted contributions to other
TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contributions as
"designated Roth contributions" to the 403(b) arrangement which are made on an
after-tax basis. However, a TSA can also be wholly or partially funded through
nonelective employer contributions or other after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal restrictions. Also, all amounts attributable to
investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

Rollover or direct transfer contributions.  Once you establish your Rollover
TSA with 403(b)-source funds, you may make subsequent rollover contributions to
your Rollover TSA contract from these sources: qualified plans, governmental
employer 457(b) plans and traditional IRAs, as well as other TSAs and 403(b)
arrangements. All rollover contributions must be pre-tax funds only with
appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o    termination of employment with the employer who provided the
     funds for the plan; or

o    reaching age 59-1/2 even if you are still employed; or

o    disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

78  Tax information



o    you give us acceptable written documentation as to the source of the funds;
     and

o    the Accumulator(R) Plus(SM) contract receiving the funds has provisions at
     least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Plus(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Plus(SM) TSA must be net of the required
minimum distribution for the tax year in which we issue the contract if:

o    you are or will be at least age 70-1/2 in the current calendar year,
     and

o    you have retired from service with the employer who provided the
     funds to purchase the TSA you are transferring or rolling over to the
     Accumulator(R) Plus(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o    rollover by check of the proceeds from another TSA or eligible
     retirement plan; or

o    direct rollover from another TSA or eligible retirement plan; or

o    direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General.  Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

Withdrawal restrictions.  If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o    you are severed from employment with the employer who pro-
     vided the funds to purchase the TSA you are transferring to the
     Accumulator(R) Plus(SM) Rollover TSA; or

o    you reach age 59-1/2; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    you take a hardship withdrawal (special federal income tax defi-
     nition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions.  Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin.  On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity payments. If you elect an annuity payout option, you will recover any
investment in the contract as each payment is received by dividing the
investment in the contract by an expected return determined under an IRS table
prescribed for qualified annuities. The amount of each payment not excluded
from income under this exclusion ratio is fully taxable. The full amount of the
payments received after your investment in the contract is recovered is fully
taxable. If you (and your beneficiary under a joint and survivor annuity) die
before recovering the full investment in the contract, a deduction is allowed
on your (or your beneficiary's) final tax return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


                                                             Tax information  79



Loans from TSAs. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o    The amount of a loan to a participant, when combined with all other loans
     to the participant from all qualified plans of the employer, cannot exceed
     the lesser of:

(1)  the greater of $10,000 or 50% of the participant's nonforfeitable accrued
     benefits; and

(2)  $50,000 reduced by the excess (if any) of the highest outstanding loan
     balance over the previous twelve months over the outstanding loan balance
     of plan loans on the date the loan was made.

o    In general, the term of the loan cannot exceed five years unless the loan
     is used to acquire the participant's primary residence. Accumulator(R)
     Plus(SM) Rollover TSA contracts have a term limit of 10 years for loans
     used to acquire the participant's primary residence.

o    All principal and interest must be amortized in substantially level
     payments over the term of the loan, with payments being made at least
     quarterly. In very limited circumstances, the repayment obligation may be
     temporarily suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o    the loan does not qualify under the conditions above;

o    the participant fails to repay the interest or principal when due; or

o    in some instances, the participant separates from service with the
     employer who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same employer, a defaulted loan which has not been
fully repaid is treated as still outstanding, even after the default is
reported to the IRS on Form 1099-R. The amount treated as still outstanding
(which limits subsequent loans) includes interest accruing on the unpaid
balance.


See Appendix VIII later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.

Tax-deferred rollovers and direct transfers. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.


You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non-spousal death beneficiary may also
be able to make rollover contributions to an individual retirement plan under
certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may

80  Tax information



be able to delay the start of required minimum distributions for all or part of
your account balance until after age 70-1/2, as follows:

o    For TSA participants who have not retired from service with the
     employer who provided the funds for the TSA by the calendar year the
     participant turns age 70-1/2, the required beginning date for minimum
     distributions is extended to April 1 following the calendar year of
     retirement.

o    TSA plan participants may also delay the start of required mini
     mum distributions to age 75 of the portion of their account value
     attributable to their December 31, 1986, TSA account balance, even if
     retired at age 70-1/2. We will know whether or not you qualify for this
     exception because it will only apply to people who establish their
     Accumulator(R) Plus(SM) Rollover TSA by direct Revenue Ruling 90-24
     transfers. If you do not give us the amount of your December 31, 1986,
     account balance that is being transferred to the Accumulator(R) Plus(SM)
     Rollover TSA on the form used to establish the TSA, you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Plus(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell
us on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    to pay for certain extraordinary medical expenses (special federal
     income tax definition); or

o    in any form of payout after you have separated from service (only
     if the separation occurs during or after the calendar year you reach age
     55); or

o    in a payout in the form of substantially equal periodic payments
     made at least annually over your life (or your life expectancy), or over
     the joint lives of you and your beneficiary (or your joint life
     expectancies) using an IRS-approved distribution method (only after you
     have separated from service at any age).

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o    We might have to withhold and/or report on amounts we pay
     under a free look or cancellation.

o    We are generally required to withhold on conversion rollovers of
     traditional IRAs to Roth IRAs, as it is considered a withdrawal from the
     traditional IRA and is taxable.

o    We are required to withhold on the gross amount of a distribution from a
     Roth IRA to the extent it is reasonable for us to believe that a
     distribution is includable in your gross income. This may result in tax
     being withheld even though the Roth IRA distribution is ultimately not
     taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However we may require additional documentation in the case of
payments made to non United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need

                                                             Tax information  81



more information concerning a particular state or any required forms, call our
processing office at the toll-free number.

Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at anytime.


Federal income tax withholding on non-periodic annuity
payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan
distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o    any distributions which are required minimum distributions after
     age 70-1/2 or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    a death benefit payment to a beneficiary who is not your surviving spouse;
     or

o    a qualified domestic relations order distribution to a beneficiary
     who is not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

82  Tax information



8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of the Separate Account's operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although Separate Account No. 49 is registered, the SEC does
not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from the Separate Account, or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate the Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against the Separate Account or
     a variable investment option directly);

(5)  to deregister the Separate Account under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Account;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in their respective SAIs which are available upon
request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:



- -----------------------------------------------------------
   Fixed Maturity
   Options with
   February 15th        Rate to                Price
 Maturity Date of    Maturity as of       Per $100 of
   Maturity Year    February 15, 2007     Maturity Value
- -----------------------------------------------------------
        2008             3.30%               $ 96.81
        2009             3.34%               $ 93.63
        2010             3.39%               $ 90.47
        2011             3.48%               $ 87.20
        2012             3.58%               $ 83.86
        2013             3.65%               $ 80.63
        2014             3.72%               $ 77.42
        2015             3.76%               $ 74.42
- -----------------------------------------------------------


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- --------------------------------------------------------
    Fixed Maturity
   Options with
   February 15th         Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- --------------------------------------------------------
        2016             3.84%             $ 71.22
        2017             3.89%             $ 68.25
- --------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1)  We determine the market adjusted amount on the date of the withdrawal as
     follows:

     (a) We determine the fixed maturity amount that would be payable on the
         maturity date, using the rate to maturity for the fixed maturity
         option.

     (b) We determine the period remaining in your fixed maturity option (based
         on the withdrawal date) and convert it to fractional years based on a
         365-day year. For example, three years and 12 days becomes 3.0329.

     (c) We determine the current rate to maturity for your FMO based on the
         rate for a new FMO issued on the same date and having the same maturity
         date as your FMO; if the same maturity date is not available for new
         FMOs, we determine a rate that is between the rates for new FMO
         maturities that immediately precede and immediately follow your FMOs
         maturity date.

     (d) We determine the present value of the fixed maturity amount payable at
         the maturity date, using the period determined in (b) and the rate
         determined in (c).

(2)  We determine the fixed maturity amount as of the current date.

(3)  We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined by using a widely-published Index. We reserve the right to add up to
0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
guaranteed interest option and fixed maturity options as well as our general
obligations. Credits allocated to your account value are funded from our
general account.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws.

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We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, QP, or Rollover TSA contracts, nor is it
available with GPB Option 2. Please see Appendix VIII later in this Prospectus
to see if the automatic investment program is available in your state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o If your contribution, transfer, or any other transaction request, containing
  all the required information, reaches us on a non-business day or after 4:00
  p.m. on a business day, we will use the next business day.

o A loan request under your Rollover TSA contract will be processed on the first
  business day of the month following the date on which the properly completed
  loan request form is received.

o If your transaction is set to occur on the same day of the month as the
  contract date and that date is the 29th, 30th or 31st of the month, then the
  transaction will occur on the 1st day of the next month.

o When a charge is to be deducted on a contract date anniversary that is a
  non-business day, we will deduct the charge on the next business day.


o If we have entered into an agreement with your broker-dealer for automated
  processing of contributions upon receipt of customer order, your contribution
  will be considered received at the time your broker-dealer receives your
  contribution and all information needed to process your application, along
  with any required documents, and transmits your order to us in accordance with
  our processing procedures. Such arrangements may apply to initial
  contributions, subsequent contributions, or both, and may be commenced or
  terminated at any time without prior notice. If required by law, the "closing
  time" for such orders will be earlier than 4:00 p.m., Eastern Time.


CONTRIBUTIONS, CREDITS, AND TRANSFERS


o Contributions and credits allocated to the variable investment options are
  invested at the unit value next determined after the receipt of the
  contribution.


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o Contributions and credits allocated to the guaranteed interest option will
  receive the crediting rate in effect on that business day for the specified
  time period.

o Contributions and credits allocated to a fixed maturity option will receive
  the rate to maturity in effect for that fixed maturity option on that business
  day (unless a rate lock-in is applicable).


o Transfers to or from variable investment options will be made at the unit
  value next determined after the receipt of the transfer request.


o Transfers to a fixed maturity option will be based on the rate to maturity in
  effect for that fixed maturity option on the business day of the transfer.

o Transfers to the guaranteed interest option will receive the crediting rate in
  effect on that business day for the specified time period.

o For the interest sweep option, the first monthly transfer will occur on the
  last business day of the month following the month that we receive your
  election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o the election of trustees;

o the formal approval of independent public accounting firms selected for each
  Trust; or

o any other matters described in the prospectus for each Trust or requiring a
  shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS


If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners. One result of proportional
voting is that a small number of contract owners may control the outcome of a
vote.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as consolidated
financial statements of AXA Equitable, are in the SAI. The SAI is available
free of charge. You may request one by writing to our processing office or
calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
written notification of any change at our processing office. You cannot assign
your NQ contract as collateral or security for a loan. Loans are also not
available under your NQ contract. In some cases, an assignment or change of
ownership may have adverse tax consequences. See "Tax information" earlier in
this Prospectus.


For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, Protection
Plus(SM) death benefit, Guaranteed principal benefit option 2 and/or the
Principal Protector(SM) ("Benefit"), generally the Benefit will automatically
terminate if you change ownership of the contract or if you assign the owner's
right to change the beneficiary or person to whom annuity payments will be
made. If you are an existing contract owner, this restriction may not apply to
you. See Appendix IX later in this Prospectus for more information. However,
the Benefit will not terminate if the ownership of the contract is transferred
to: (i) a family member (as defined in the contract); (ii) a trust created for
the benefit of a family member or members; (iii) a trust qualified under


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section 501(c) of the Internal Revenue Code; or (iv) a successor by operation
of law, such as an executor or guardian. Please speak with your financial
professional for further information. See Appendix VIII later in this
Prospectus for any state variations with regard to terminating any benefits
under your contract.


You cannot assign or transfer ownership of a Rollover IRA, Roth Conversion IRA,
QP or Rollover TSA contract except by surrender to us. If your individual
retirement annuity contract is held in your custodial individual retirement
account, you may only assign or transfer ownership of such an IRA contract to
yourself. Loans are not available (except for Rollover TSA contracts) and you
cannot assign Rollover IRA, Roth Conversion IRA and QP contracts as security
for a loan or other obligation. If the employer that provided the funds does
not restrict them, loans are available under a Rollover TSA contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA, QP or Rollover TSA contract to another similar arrangement
under federal income tax rules. In the case of such a transfer, we will impose
a withdrawal charge, if one applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 0.60% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 6.75% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Plus(SM) on a company and\or
product list; sales personnel training; product training;


                                                            More information  87




business reporting; technological support; due diligence and related costs;
advertising, marketing and related services; conferences; and\or other support
services, including some that may benefit the contract owner. Payments may be
based on the amount of assets or purchase payments attributable to contracts
sold through a Selling broker-dealer or, in the case of conference support,
such payments may be a fixed amount. The Distributors may also make fixed
payments to Selling broker-dealers in connection with the initiation of a new
relationship or the introduction of a new product. These payments may serve as
an incentive for Selling broker-dealers to promote the sale of particular
products. Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and\or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.


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9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


                             Incorporation of certain documents by reference  89




Appendix I: Condensed financial information


- --------------------------------------------------------------------------------


The unit values and number of units outstanding shown below are for contracts
offered under Separate Account No. 49 with the same daily asset charges of
1.50%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006





- -----------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                             --------------------
                                                                                              2006        2005
- -----------------------------------------------------------------------------------------------------------------
                                                                                                  
 AXA Aggressive Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.15    $  11.31
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,554       2,256
- -----------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.90    $  10.39
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,738       1,282
- -----------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.34    $  10.58
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,715       2,129
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  49.25    $  45.28
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          7,277       7,819
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.62    $  11.18
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         14,805       9,443
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  59.02    $  56.94
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            312         369
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.47    $  11.21
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         17,031      18,544
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.05    $  11.63
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,980       5,547
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  32.16    $  29.67
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          5,779       6,491
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  16.90    $  13.68
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          6,183       6,014
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.30    $  10.98
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,067       4,576
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.61    $   9.74
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          8,795       9,386
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.32    $  12.17
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          8,778       9,367
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.90    $  10.09
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          9,978      11,279
- -----------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                                         ----------------------------------
                                                                             2004        2003        2002
- -----------------------------------------------------------------------------------------------------------
                                                                                       
 AXA Aggressive Allocation
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  10.61          --          --
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      1,088          --          --
- -----------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  10.29          --          --
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                        801          --          --
- -----------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  10.39          --          --
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      1,570          --          --
- -----------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  43.82    $  40.88     $ 34.80
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      7,909       6,360       1,307
- -----------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  10.63          --          --
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      5,246          --          --
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  53.37    $  48.29     $ 35.61
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                        391         352          65
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  11.18    $  10.91     $ 10.67
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                     20,725      21,868       7,979
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  11.03    $   9.97     $  7.89
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      5,832       5,004       1,289
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  29.19    $  27.25     $ 22.55
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      7,606       7,467       1,128
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  12.01    $  10.33     $  7.80
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      6,557       5,137       1,360
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  10.44    $   9.65     $  7.64
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      5,046       4,778       1,529
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $   9.19    $   8.74     $  6.78
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                     10,463       9,505       2,593
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $  11.53    $  10.22     $  7.90
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                      9,747       8,731       2,676
- -----------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------
  Unit value                                                            $   9.44    $   8.57     $  6.20
- -----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                     12,924      12,264       3,087
- -----------------------------------------------------------------------------------------------------------



A-1 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)






- -----------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                             --------------------
                                                                                                2006        2005
- -----------------------------------------------------------------------------------------------------------------
                                                                                                   
 AXA Premier VIP Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.89    $  12.28
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          8,053       8,958
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.57    $   9.99
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          5,828       6,644
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $262.99    $ 240.95
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            722         838
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 34.20    $  29.26
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          6,156       6,841
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.80    $  18.49
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,496       5,175
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.31    $  15.04
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          7,944       8,041
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.96    $   7.10
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          7,957       8,965
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.27    $  15.90
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          5,875       6,473
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.08    $  16.82
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,668       5,243
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.87    $  14.93
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         20,566      21,943
- -----------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.36    $  10.36
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            157          63
- -----------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.75    $  10.75
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,575       2,005
- -----------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.75    $   5.90
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,452       3,461
- -----------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.01    $   8.68
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            885         933
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.05    $  12.32
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,154       2,074
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.47    $  12.30
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          8,727       9,574
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.02    $  11.78
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          6,926       7,742
- -----------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                                ---------------------------------
                                                                                     2004        2003       2002
- -----------------------------------------------------------------------------------------------------------------
                                                                                               
 AXA Premier VIP Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  11.60    $  10.21   $   7.37
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              10,507       9,465      2,371
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   9.11    $   8.90   $   5.66
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               7,471       3,799      1,127
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $ 234.29    $ 208.22   $ 141.20
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 942         814        112
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  28.12    $  25.38   $  19.73
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               7,405       6,681      1,786
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  18.52    $  18.42   $  18.29
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               5,829       6,022      2,463
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  13.23    $  11.35   $   8.52
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               7,600       6,792      1,026
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   6.27    $   5.86   $   4.83
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               8,590       8,430      2,607
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  15.80    $  15.45   $  15.13
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               7,011       7,296      2,167
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  15.30    $  13.61   $   9.80
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               5,878       5,936      1,577
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  14.36    $  12.84   $  10.11
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              23,412      21,328      5,924
- -----------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  10.14          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 774          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   5.64          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 780          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   8.10    $   7.93   $   6.28
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               1,019         964        208
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  11.89    $  11.43   $   9.35
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               2,253       2,284        762
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  10.65    $   9.51   $   7.27
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              10,189       8,648      1,957
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  11.27    $  10.30   $   7.95
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               8,947       8,367      2,246
- -----------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-2




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)





- -----------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                             --------------------
                                                                                                2006        2005
- -----------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Capital Guardian U. S. Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.53    $  11.56
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         13,648      15,157
- -----------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.06    $  10.39
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            626         277
- -----------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.85          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            414          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  29.78    $  26.24
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         10,152      11,790
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.94    $   9.75
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            604          48
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   8.89    $   8.51
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,818       3,403
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.82    $  11.66
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         13,979      16,419
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  17.47    $  15.75
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         11,353      12,611
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.43          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,197          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.82          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            120          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.62    $  10.50
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            738         348
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  27.24    $  23.25
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            640         626
- -----------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.24    $  11.49
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            436          65
- -----------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   6.34    $   6.36
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          6,556       7,526
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.27    $  13.90
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         15,682      17,324
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  15.99    $  13.47
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,983       4,419
- -----------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.20    $  10.64
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,110         315
- -----------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                                ---------------------------------
                                                                                     2004        2003       2002
- -----------------------------------------------------------------------------------------------------------------
                                                                                               
 EQ/Capital Guardian U. S. Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  11.06    $  10.26    $  7.63
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              16,717      15,286      3,232
- -----------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  25.49    $  23.45    $ 18.61
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              13,022      12,430      3,667
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   8.30    $   7.87    $  5.77
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               4,201       3,589        625
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  11.11    $   9.71    $  6.86
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              17,707      16,254      3,145
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  14.35    $  12.35    $  9.40
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              12,978      12,257      4,007
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  22.60          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 173          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   6.01    $   5.44    $  4.38
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               7,699       7,279      2,586
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  13.79    $  13.44    $ 13.19
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              17,843      18,211      5,930
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  13.15    $  12.02    $  9.62
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               4,753       4,353      1,383
- -----------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------



A-3 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)






- -----------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                             --------------------
                                                                                                2006        2005
- -----------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.03    $  10.00
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,060         420
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.24    $  10.59
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,083         171
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.73    $  10.56
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            339         153
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.35    $  11.14
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,071         890
- -----------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  16.39    $  15.21
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         19,097      20,640
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  24.06    $  20.18
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          7,155       7,988
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  22.79    $  18.39
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          6,439       6,535
- -----------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  15.02    $  14.13
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,899       2,081
- -----------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.54    $   9.46
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,928       4,535
- -----------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  29.02    $  28.17
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,668       2,307
- -----------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   4.89    $   4.59
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            389         525
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.71          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            565          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.09          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            205          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.93          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             84          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.10          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             49          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.83    $   9.93
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,107       1,434
- -----------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.22    $   9.98
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            497         245
- -----------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                                ---------------------------------
                                                                                     2004        2003       2002
- -----------------------------------------------------------------------------------------------------------------
                                                                                               
 EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  13.93    $  12.78    $  9.89
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              21,440      20,675      4,362
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  19.88    $  18.24    $ 14.10
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               9,113       8,213      2,399
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  16.83    $  14.03    $ 11.11
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               6,084       5,257      1,712
- -----------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  13.14    $  11.84    $  9.28
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               2,192       2,043        538
- -----------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   8.95    $   8.15    $  6.77
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               4,946       4,865      1,329
- -----------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  27.84    $  28.02    $ 28.26
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               2,473       4,639      4,457
- -----------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   4.42          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  46          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --         --
- -----------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-4




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)






- -----------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                             --------------------
                                                                                                2006        2005
- -----------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 19.58    $  17.10
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          9,327      10,810
- -----------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.76    $   8.06
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,478       1,311
- -----------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.06    $  14.70
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          5,392       5,841
- -----------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.36    $  17.28
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            159         231
- -----------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.76          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            388          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.22    $   5.53
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            633         450
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.91    $  10.42
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            977         630
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.76    $  13.88
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          8,412       8,800
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.33    $  12.37
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            553         471
- -----------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.27    $  11.90
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            746          90
- -----------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 19.86    $  14.63
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,852       2,274
- -----------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                                ---------------------------------
                                                                                    2004        2003        2002
- -----------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  16.57    $  14.35     $ 10.59
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              12,065      10,965       3,006
- -----------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   7.60          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  67          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  14.30    $  12.32     $  8.57
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               6,730       6,188       1,437
- -----------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  16.85          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  37          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $   5.15          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  41          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  10.60    $   8.69     $  5.66
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               7,052       5,307       1,261
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --          --
- -----------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                     $  12.71          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               2,062          --          --
- -----------------------------------------------------------------------------------------------------------------



A-5 Appendix I: Condensed financial information




The unit values and number of units outstanding shown below are for contracts
offered under Separate Account No. 49 with the same daily asset charges of
1.40%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006





- -----------------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                           December 31,
                                                                                               2006
- -----------------------------------------------------------------------------------------------------------------
                                                                                        
 AXA Aggressive Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   14.52
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          22,907
- -----------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   11.39
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           7,544
- -----------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   12.04
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          19,344
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   12.63
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          84,073
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   13.91
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         104,098
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   13.00
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           1,606
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   10.66
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           8,806
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   12.76
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           5,093
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   12.46
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          13,219
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   18.32
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           6,780
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   13.45
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           1,702
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   11.47
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           3,872
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   15.48
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           6,667
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   13.36
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                           4,590
- -----------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                                ---------------------------------
                                                                                    2005        2004        2003
- -----------------------------------------------------------------------------------------------------------------
                                                                                              
 AXA Aggressive Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.51    $  11.75     $ 10.67
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             13,134       5,787         212
- -----------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.87    $  10.77     $ 10.31
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              5,980       2,987         213
- -----------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.24    $  11.05     $ 10.41
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             14,424       6,175         444
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.62    $  11.26     $ 10.51
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             66,161      30,895       2,029
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.34    $  11.74     $ 10.67
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             66,976      23,331         995
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.55    $  11.78     $ 10.67
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              1,049         658          70
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.43    $  10.41     $ 10.17
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              7,189       4,559         446
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.32    $  11.70     $ 10.59
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              3,781       2,001         124
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.51    $  11.34     $ 10.59
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             11,372       6,690         712
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  14.84    $  13.05     $ 11.24
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              4,388       2,692         191
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.02    $  11.43     $ 10.58
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              1,464         886         108
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.64    $  10.99     $ 10.46
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              3,154       1,909         136
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  13.17    $  12.48     $ 11.07
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              4,853       2,322         116
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.38    $  11.59     $ 10.53
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              3,750       2,441         274
- -----------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-6




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)






- -----------------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                           December 31,
                                                                                               2006
- -----------------------------------------------------------------------------------------------------------------
                                                                                        
 AXA Premier VIP Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.91
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,683
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.35
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,306
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.76
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         21,038
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.68
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         12,041
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.27
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,263
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  18.00
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         10,530
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.25
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,308
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.71
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          6,212
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.25
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          5,108
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  15.18
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         19,714
- -----------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.34
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            565
- -----------------------------------------------------------------------------------------------------------------
 AXA Rosenberg Value Long/Short Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.98
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,527
- -----------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   6.70
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         10,601
- -----------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.89
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            778
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.86
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,829
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  16.95
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          7,597
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.51
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,660
- -----------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                                ---------------------------------
                                                                                    2005        2004        2003
- -----------------------------------------------------------------------------------------------------------------
                                                                                              
 AXA Premier VIP Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  13.19    $  12.48     $ 11.00
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              3,833       2,655         288
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.69    $  10.66     $ 10.31
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              3,246       1,826         104
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.62    $  12.28     $ 10.93
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             18,381      10,684         698
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.57    $  12.10     $ 10.93
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             10,255       5,753         452
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.11    $  10.14     $ 10.10
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              2,914       2,082         216
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  14.80    $  13.03     $ 11.19
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              7,171       2,946         147
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.51    $  11.05     $ 10.35
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              2,395         987          80
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.47    $  10.42     $ 10.20
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              5,266       2,713         207
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  13.27    $  12.08     $ 10.76
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              3,772       2,272         157
- -----------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.69    $  12.22     $ 10.94
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             14,454       7,621         544
- -----------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.36          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                149          --          --
- -----------------------------------------------------------------------------------------------------------------
 AXA Rosenberg Value Long/Short Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.99    $  10.37     $ 10.16
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              2,846         958          32
- -----------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $   5.86    $   5.61          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              7,594         538          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.47    $  10.71     $ 10.49
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                570         333           6
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.21    $  10.82     $ 10.41
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              1,697         464          83
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  14.43    $  12.51     $ 11.18
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              5,867       3,446         181
- -----------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.24    $  11.72     $ 10.72
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              4,062       2,784         143
- -----------------------------------------------------------------------------------------------------------------



A-7 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)






- -----------------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                           December 31,
                                                                                                2006
- -----------------------------------------------------------------------------------------------------------------
                                                                                        
 EQ/Capital Guardian U. S. Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.14
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          8,362
- -----------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.05
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,907
- -----------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.84
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            815
- -----------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.63
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         16,937
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.93
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,213
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.04
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,163
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.92
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         11,897
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  15.58
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         10,619
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.42
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,190
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.82
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            327
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.60
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,148
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  26.74
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,995
- -----------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.22
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,341
- -----------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.18
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,498
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.80
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         17,343
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.55
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,785
- -----------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.19
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,427
- -----------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                                ---------------------------------
                                                                                    2005        2004        2003
- -----------------------------------------------------------------------------------------------------------------
                                                                                              
 EQ/Capital Guardian U. S. Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.13     $ 11.62     $ 10.79
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              7,494       5,095         368
- -----------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.39          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              1,183          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                          --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.02     $ 11.69     $ 10.77
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             14,502       8,691         620
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $   9.75          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                228          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.54     $ 11.27     $ 10.69
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              2,383       1,795         120
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  13.58     $ 12.96     $ 11.34
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              9,581       5,395         415
- -----------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  14.06     $ 12.83     $ 11.05
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              8,875       4,167         314
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                          --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                          --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.49          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                749          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  22.84     $ 22.23          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              2,015         190          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  11.49          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                371          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.22     $ 11.56     $ 10.47
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              2,328       1,141          54
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.53     $ 10.46     $ 10.20
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                             13,723       6,436         460
- -----------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  12.27     $ 11.98     $ 10.97
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                              1,359         815          68
- -----------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                    $  10.64          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                614          --          --
- -----------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-8




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006 (CONTINUED)






- -----------------------------------------------------------------------------------------------------------------
                                                                                               For the years
                                                                                            ending December 31,
                                                                                             --------------------
                                                                                                2006       2005
- -----------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.02    $  9.99
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,606      1,556
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.22    $ 10.59
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,458        807
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.71    $ 10.55
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,013        534
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.33    $ 11.14
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,143      2,560
- -----------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.52    $ 12.56
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         22,005     14,932
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.37    $ 12.06
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         10,040      8,863
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  17.98    $ 14.52
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         10,173      7,184
- -----------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.95    $ 12.20
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,120      1,605
- -----------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.63    $ 12.25
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,278      1,164
- -----------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.29    $ 10.00
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          9,565      6,802
- -----------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   4.85    $  4.56
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,170      1,829
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.70         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,152         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.09         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            270         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.93         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            144         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.09         --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            155         --
- -----------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.81    $  9.92
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          8,347      4,644
- -----------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.21    $  9.97
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            979        400
- -----------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                              ending December 31,
                                                                                             --------------------
                                                                                                2004        2003
- -----------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.51     $ 10.58
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          7,104         642
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.90     $ 10.92
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          6,079         371
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.30     $ 11.10
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,381          55
- -----------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.36     $ 10.24
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            800          49
- -----------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.60     $ 10.57
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            742          69
- -----------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.89     $  9.97
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          5,781       1,312
- -----------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.39          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            144          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -----------------------------------------------------------------------------------------------------------------



A-9 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006






- -----------------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                           December 31,
                                                                                                2006
- -----------------------------------------------------------------------------------------------------------------
                                                                                        
 EQ/Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.88
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         11,213
- -----------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   8.69
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          5,187
- -----------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.80
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          5,853
- -----------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  16.05
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,017
- -----------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.75
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,003
- -----------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   6.17
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          4,330
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.89
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          3,972
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  24.71
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                         10,717
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.30
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          2,056
- -----------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.18
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          1,463
- -----------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  22.99
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                          8,575
- -----------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                                ---------------------------------
                                                                                   2005        2004        2003
- -----------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Small Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $ 13.01     $ 12.61     $ 10.94
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               9,487       5,755         337
- -----------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $  8.00     $  7.56          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               2,774          91          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $ 12.76     $ 12.43     $ 10.72
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               4,236       2,712         208
- -----------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $ 16.98     $ 16.58          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 847          92          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                           --          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                  --          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $  5.49     $  5.11          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               2,805         140          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $ 10.42          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               1,952          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $ 18.31     $ 14.00     $ 11.49
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               7,390       2,669         209
- -----------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $ 12.36          --          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 845          --          --
- -----------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $ 11.83     $ 11.37          --
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                 287          13          --
- -----------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                      $ 16.95     $ 14.74     $ 11.00
- -----------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                               6,143       2,998         109
- -----------------------------------------------------------------------------------------------------------------



                                Appendix I: Condensed financial information A-10



Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an Accumulator(R) Plus(SM) QP
contract should discuss with their tax advisers whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether
the plan provisions permit the investment of plan assets in the QP contract,
the distribution of such an annuity and the payment of death benefits in
accordance with the requirements of the federal income tax rules. The QP
contract and this prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Accumulator(R) Plus(SM)
QP contract or another annuity contract. Therefore, you should purchase an
Accumulator(R) Plus(SM) QP contract to fund a plan for the contract's features
and benefits other than tax deferral, after considering the relative costs and
benefits of annuity contracts and other types of arrangements and funding
vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
from the employer. For 401(k) plans, no employee after-tax contributions are
accepted. A "designated Roth contribution account" is not available in the QP
contract. Checks written on accounts held in the name of the employer instead
of the plan or the trustee will not be accepted. Only one additional transfer
contribution may be made per contract year. If amounts attributable to an
excess or mistaken contribution must be withdrawn, a withdrawal charge and/or
market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o the QP contract may not be an appropriate purchase for participants
  approaching or over age 70-1/2;

o provisions in the Treasury Regulations on required minimum distributions
  require that the actuarial present value of additional annuity contract
  benefits be added to the dollar amount credited for purposes of calculating
  required minimum distributions. This could increase the amounts required to
  be distributed from the contract;

o the Guaranteed minimum income benefit may not be an appropriate feature for
  participants who are older than 60-1/2 when the contract is issued; and


o if the Guaranteed minimum income benefit is automatically exercised as a
  result of the no lapse guarantee, payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.


B-1 Appendix II: Purchase considerations for QP contracts




Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)





- ---------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                               --------------------------
                                                                                    5.00%        9.00%
- ---------------------------------------------------------------------------------------------------------
                                                                                     
 As of February 15, 2011 before withdrawal
- ---------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- ---------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- ---------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- ---------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- ---------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
  [$50,000/(1)]                                                                 $  3,637     $ (3,847)
- ---------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- ---------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- ---------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- ---------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- ---------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:




                                                                       
 (a)      Number of days from the withdrawal date to the maturity date = D = 1,461

 (b)      Market adjusted amount is based on the following calculation:

          Maturity value                                    $171,882                 where j is either 5% or 9%
          ________________                  =               ________________
          (1+j)((D/365))                                    (1+j)(1,461/365)

 (c)      Fixed maturity amount is based on the following calculation:

          Maturity value                                    $171,882
          ________________                  =               ________________
          (1+h)((D/365))                                    (1+0.07)(1,461/365)

 (d)      Maturity value is based on the following calculation:

          Fixed maturity amount                             $84,741 or $77,257
          ________________                  =               ________________
          (1+h)((D/365))                                    (1+0.07)(1,461/365)




                               Appendix III: Market value adjustment example C-1




Appendix IV: Enhanced death benefit example


- --------------------------------------------------------------------------------


The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.
The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/Alliance Intermediate Government Securities, EQ/Money Market, EQ/Short
Duration Bond, the guaranteed interest option or the fixed maturity options or
the Special 10 year fixed maturity option), no additional contributions, no
transfers, no withdrawals and no loans under a Rollover TSA contract, the
enhanced death benefit for an annuitant age 45 would be calculated as follows:





- ------------------------------------------------------------------------------------------
   End of                           6% Roll-Up to age 85      Annual ratchet to age 85
 contract                               enhanced                    enhanced
   year         Account value       death benefit(1)              death benefit
- ------------------------------------------------------------------------------------------

                                                 
     1           $105,000             $  106,000(1)               $  105,000(3)
- ------------------------------------------------------------------------------------------
     2           $115,500             $  112,360(2)               $  115,500(3)
- ------------------------------------------------------------------------------------------
     3           $129,360             $  119,102(2)               $  129,360(3)
- ------------------------------------------------------------------------------------------
     4           $103,488             $  126,248(1)               $  129,360(4)
- ------------------------------------------------------------------------------------------
     5           $113,837             $  133,823(1)               $  129,360(4)
- ------------------------------------------------------------------------------------------
     6           $127,497             $  141,852(1)               $  129,360(4)
- ------------------------------------------------------------------------------------------
     7           $127,497             $  150,363(1)               $  129,360(4)
- ------------------------------------------------------------------------------------------




The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.

6% ROLL-UP TO AGE 85

(1) At the end of contract year 1, and again at the end of contract years 4
  through 7, the death benefit will be the enhanced death benefit.

(2) At the end of contract years 2 and 3, the death benefit will be the current
    account value since it is higher than the current enhanced death benefit.

ANNUAL RATCHET TO AGE 85

(3) At the end of contract years 1 through 3, the enhanced death benefit is the
  current account value.

(4) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to
    or higher than the current account value.

GREATER OF 6% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
ratchet to age 85 or the current account value.*

*  At the end of contract years 4 through 7, the death benefit will be the
  enhanced death benefit. At the end of contract years 1 through 3, the
     death benefit will be the current account value.


D-1 Appendix IV: Enhanced death benefit example



Appendix V: Hypothetical Illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
                                   BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age
85" Guaranteed minimum death benefit, the Protection Plus(SM) benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) Plus(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single$100,000 contribution
and takes no withdrawals. The amounts shown are for the beginning of each
contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying Portfolios (as described
below), the corresponding net annual rates of return would be (2.81)%, 3.19%
for the Accumulator(R) Plus(SM) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges but they do not reflect the charges we deduct from your
account value annually for the optional Guaranteed minimum death benefit,
Protection Plus(SM) benefit and the Guaranteed minimum income benefit features,
as well as the annual administrative charge. If the net annual rates of return
did reflect these charges, the net annual rates of return would be lower;
however, the values shown in the following tables reflect the following
contract charges: the "Greater of 6% Roll-Up to age 85 or the Annual Ratchet to
age 85" Guaranteed minimum death benefit charge, the Protection Plus(SM) benefit
charge, and the Guaranteed minimum income benefit charge and any applicable
administrative charge and withdrawal charge. The values shown under "Lifetime
annual guaranteed minimum income benefit" reflect the lifetime income that
would be guaranteed if the Guaranteed minimum income benefit is selected at
that contract date anniversary. An "N/A" in these columns indicates that the
benefit is not exercisable in that year. A "0" under any of the death benefit
and/or "Lifetime annual guaranteed minimum income benefit" columns indicates
that the contract has terminated due to insufficient account value. However,
the Guaranteed minimum income benefit has been automatically exercised and the
owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

                                      Appendix V: Hypothetical Illustrations E-1



Variable deferred annuity
Accumulator(R) Plus(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85 Guaranteed
  minimum death benefit
  Protection Plus
  Guaranteed minimum income benefit



                                                                Greater of 6%
                                                              Roll-Up to age 85
                                                                or the Annual
                                                              Ratchet to age 85
                                                             Guaranteed Minimum
                                                                Death Benefit
                                                             -------------------
                         Account Value        Cash Value
                      ------------------- ------------------
  Age   Contract Year     0%        6%       0%        6%        0%        6%
- ------ -------------- --------- --------- -------- --------- --------- ---------
                                                  
  60          1        104,000  104,000    96,000    96,000   100,000  100,000
  61          2         99,399  105,617    91,399    97,617   106,000  106,000
  62          3         94,863  107,200    87,863   100,200   112,360  112,360
  63          4         90,386  108,744    83,386   101,744   119,102  119,102
  64          5         85,961  110,242    79,961   104,242   126,248  126,248
  65          6         81,580  111,688    76,580   106,688   133,823  133,823
  66          7         77,237  113,074    73,237   109,074   141,852  141,852
  67          8         72,924  114,393    69,924   111,393   150,363  150,363
  68          9         68,635  115,637    68,635   115,637   159,385  159,385
  69         10         64,361  116,796    64,361   116,796   168,948  168,948
  74         15         42,920  120,968    42,920   120,968   226,090  226,090
  79         20         20,516  121,261    20,516   121,261   302,560  302,560
  84         25              0  115,575         0   115,575         0  404,893
  89         30              0  116,129         0   116,129         0  429,187
  94         35              0  119,886         0   119,886         0  429,187
  95         36              0  120,702         0   120,702         0  429,187

                       Guaranteed minimum income benefit

                               Lifetime Annual Guaranteed
                                 Minimum Income Benefit
                           ----------------------------------
       Total Death Benefit
         with Protection      Guaranteed       Hypothetical
              Plus              Income            Income
       ------------------- ----------------- ----------------
  Age      0%        6%       0%       6%       0%       6%
- ------ --------- --------- -------- -------- -------- -------
                                    
  60    100,000  100,000     N/A      N/A      N/A      N/A
  61    108,400  108,400     N/A      N/A      N/A      N/A
  62    117,304  117,304     N/A      N/A      N/A      N/A
  63    126,742  126,742     N/A      N/A      N/A      N/A
  64    136,747  136,747     N/A      N/A      N/A      N/A
  65    147,352  147,352     N/A      N/A      N/A      N/A
  66    158,593  158,593     N/A      N/A      N/A      N/A
  67    170,508  170,508     N/A      N/A      N/A      N/A
  68    183,139  183,139     N/A      N/A      N/A      N/A
  69    196,527  196,527     N/A      N/A      N/A      N/A
  74    276,527  276,527   14,266   14,266   14,266   14,266
  79    383,584  383,584   20,393   20,393   20,393   20,393
  84          0  493,179   34,821   34,821   34,821   34,821
  89          0  517,472     N/A      N/A      N/A      N/A
  94          0  517,472     N/A      N/A      N/A      N/A
  95          0  517,472     N/A      N/A      N/A      N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.

E-2 Appendix V: Hypothetical Illustrations



Appendix VI: Guaranteed principal benefit example

- --------------------------------------------------------------------------------


For purposes of these examples, we assume that there is an initial contribution
of $100,000, made to the contract on February 15, 2007. We also assume that no
additional contributions, no transfers among options and no withdrawals from
the contract are made. For GPB Option 1, the example also assumes that a 10
year fixed maturity option is chosen. The hypothetical gross rates of return
with respect to amounts allocated to the variable investment options are 0%, 6%
and 10%. The numbers below reflect the deduction of all applicable separate
account and contract charges, and also reflect the charge for GPB Option 2.
Also, for any given performance of your variable investment options, GPB Option
1 produces higher account values than GPB Option 2 unless investment
performance has been significantly positive. The examples should not be
considered a representation of past or future expenses. Similarly, the annual
rates of return assumed in the example are not an estimate or guarantee of
future investment performance.




- -----------------------------------------------------------------------------------------------------------------
                                                                                                 Assuming 100%
                                                                                                  in variable
                                                         Assuming 100%   Under GPB   Under GPB     investment
                                                             in FMO       Option 1    Option 2      options
- -----------------------------------------------------------------------------------------------------------------

                                                                                       
Amount allocated to FMO on February 15, 2007
based upon a 3.89% rate to maturity                         104,000        70,980      41,600          --
- -----------------------------------------------------------------------------------------------------------------
Initial account value allocated to the variable invest-
ment options on February 15, 2007                              0           33,020      62,400       104,000
- -----------------------------------------------------------------------------------------------------------------
Account value in the fixed maturity option on
February 15, 2017                                           152,373       104,000      60,949          0
- -----------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding together
the value at the maturity date of the applicable fixed
maturity option plus the value of amounts in the vari-
able investment options on February 15, 2017,
assuming a 0% gross rate of return)                         152,373       128,831    103,326**       78,208
- -----------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding together
the value at the maturity date of the applicable fixed
maturity option plus the value of amounts in the vari-
able investment options on February 15, 2017,
assuming a 6% gross rate of return)                         152,373       149,202    139,302**      142,367
- -----------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding together
the value at the maturity date of the applicable fixed
maturity option plus the value of amounts in the vari-
able investment options on February 15, 2017,
assuming a 10% gross rate of return)                        152,373       170,118    176,349**      208,246
- -----------------------------------------------------------------------------------------------------------------




** Since the annuity account value is greater than the alternate benefit under
GPB Option 2, GPB Option 2 will not affect the annuity account value.


                           Appendix VI: Guaranteed principal benefit example F-1




Appendix VII: Protection Plus(SM) example


- --------------------------------------------------------------------------------


The following illustrates the calculation of a death benefit that includes
Protection Plus for an annuitant age 45. The example assumes a contribution of
$100,000 and no additional contributions. Where noted, a single withdrawal in
the amount shown is also assumed. If you purchased your contract after
approximately September 2003, the example shown in the second and third columns
apply. For all other contract owners, the example in the last two columns
apply. The calculation is as follows:






                                                                                                    $  3000          $ 6000
                                                                                                    withdrawal-     withdrawal-
                                                              No           $3000         $6000      Pro rata          Pro rata
                                                           Withdrawal    withdrawal    withdrawal   Treatment        Treatment
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    
A   Initial Contribution                                   100,000         100,000       100,000     100,000          100,000
- ------------------------------------------------------------------------------------------------------------------------------------
B   Death Benefit: prior to withdrawal.*                   104,000         104,000       104,000     104,000          104,000
- ------------------------------------------------------------------------------------------------------------------------------------
    Protection Plus Earnings: Death Benefit less net
C   contributions (prior to the withdrawal in D).            4,000           4,000         4,000         N/A              N/A
    B minus A.
- ------------------------------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                   0           3,000         6,000       3,000            6,000
- ------------------------------------------------------------------------------------------------------------------------------------
    Withdrawal % as a % of AV (assuming Death
E   Benefit = AV)                                             0.00%            N/A           N/A        2.88%            5.77%
    greater of D divided by B
- ------------------------------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Protection Plus
F   earnings                                                     0               0         2,000         N/A              N/A
    greater of D minus C or zero
- ------------------------------------------------------------------------------------------------------------------------------------
    Net Contributions (adjusted for the withdrawal in D)
G   A reduced for E or F                                   100,000         100,000        98,000      97,115           94,231
- ------------------------------------------------------------------------------------------------------------------------------------
    Death Benefit (adjusted for the withdrawal in D)
H   B minus D                                              104,000         101,000        98,000     101,000           98,000
- ------------------------------------------------------------------------------------------------------------------------------------
    Death Benefit less Net Contributions
I   H minus G                                                4,000           1,000             0       3,885            3,769
- ------------------------------------------------------------------------------------------------------------------------------------
J   Protection Plus Factor                                      40%             40%           40%         40%              40%
- ------------------------------------------------------------------------------------------------------------------------------------
    Protection Plus Benefit
K   I times J                                                1,600             400             0       1,554            1,508
- ------------------------------------------------------------------------------------------------------------------------------------
    Death Benefit: Including Protection Plus
L   H plus K                                               105,600         101,400        98,000     102,554           99,508
- ------------------------------------------------------------------------------------------------------------------------------------





*    The Death Benefit is the greater of the Account Value or any applicable
death benefit



G-1 Appendix VII: Protection Plus(SM) example



Appendix VIII: State contract availability and/or variations of certain
features and benefits

- --------------------------------------------------------------------------------


The following information is a summary of the states where the Accumulator(R)
Plus(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus. Please note that this may
not be a complete list and the availability of features and benefits are subject
to state approval and approval may be pending in your state. Additionally,
certain features and/or benefits may have been approved in your state after your
contract was issued and can not be added. Please contact your financial
professional for more information about availability in your state. See also the
"Contract Variations" appendix later in this Prospectus for information about
the availability of certain features and their charges, if applicable, under
your contract.


STATES WHERE CERTAIN ACCUMULATOR(R) PLUS(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:




- ------------------------------------------------------------------------------------------------------------------------------------
 State        Features and Benefits                                     Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                              
CALIFORNIA   See "Contract features and benefits"--"Your right to   If you reside in the state of California and you are age 60 and
             cancel within a certain number of days"                older at the time the contract is issued, you may return your
                                                                    variable annuity contract within 30 days from the date that
                                                                    you receive it and receive a refund as described below.

                                                                    If you allocate your entire initial contribution to the money
                                                                    market account (and/or guaranteed interest option, if
                                                                    available), the amount of your refund will be equal to your
                                                                    contribution less interest, unless you make a transfer, in which
                                                                    case the amount of your refund will be equal to your account
                                                                    value on the date we receive your request to cancel at our
                                                                    processing office. This amount could be less than your initial
                                                                    contribution. If you allocate any portion of your initial
                                                                    contribution to the variable investment options (other than the
                                                                    money market account) and/or fixed maturity options, your refund
                                                                    will be equal to your account value on the date we receive your
                                                                    request to cancel at our processing office.
- ------------------------------------------------------------------------------------------------------------------------------------
FLORIDA      See "Contract features and benefits" in "Credits"     The following information replaces the second bullet to the
                                                                    final set of bullets in this section:

                                                                    o You may annuitize your contract after thirteen months, how-
                                                                      ever, if you elect to receive annuity payments within five
                                                                      years of the contract date, we will recover the credit that
                                                                      applies to any contribution made in that five years. If you
                                                                      start receiving annuity payments after five years from the
                                                                      contract date and within three years of making any
                                                                      contribution, we will recover the credit that applies to any
                                                                      contribution made within the prior three years.

             See "Transfers of ownership, collateral assignments,   The second paragraph in this section is deleted.
             loans and borrowing" in "More information"

- ------------------------------------------------------------------------------------------------------------------------------------
ILLINOIS     See "Contract features and benefits" in "Credits"      The following information replaces the second bullet to the
                                                                    final set of bullets in this section:

                                                                    o You may annuitize your contract after thirteen months, how-
                                                                      ever, if you elect to receive annuity payments within five
                                                                      years of the contract date, we will recover the credit that
                                                                      applies to any contribution made in that five years. If you
                                                                      start receiving annuity payments after five years from the
                                                                      contract date and within three years of making any
                                                                      contribution, we will recover the credit that applies to any
                                                                      contribution made within the prior three years.



                               Appendix VIII: State contract availability and/or
                                 variations of certain features and benefits H-1






- ------------------------------------------------------------------------------------------------------------------------------------
State           Features and Benefits                                   Availability or Variation
                                                                  
- ------------------------------------------------------------------------------------------------------------------------------------
MARYLAND        Fixed maturity options                                  Not Available

                Guaranteed principal benefit option1 and Guaranteed     Not Available
                principal benefit option 2
- ------------------------------------------------------------------------------------------------------------------------------------
MASSACHUSETTS   Automatic investment program                            Not Available

                Annual administrative charge                            The annual administrative charge will not be deducted from
                                                                        amounts allocated to the Guaranteed interest option.

                See "How you can purchase and contribute to your        Additional contributions are limited to the first two years
                contract" in "Contract features and benefits"           after the contract issue date only.

                See "Disability, terminal illness, or confinement to    This section is deleted in its entirety.
                nursing home" under "Withdrawal charge" in
                "Charges and expenses"
- ------------------------------------------------------------------------------------------------------------------------------------
NEW YORK        Greater of the 6% Roll- Up or Annual Ratchet            Not Available (you have a choice of the standard death
                Guaranteed minimum death benefit                        benefit or the Annual Ratchet to age 85 guaranteed minimum
                                                                        death benefit), as described earlier in this Prospectus.

                Guaranteed minimum death benefit/guaranteed mini-       Not Available
                mum income benefit roll-up benefit base reset

                Guaranteed minimum income benefit no lapse guar-        Not Available
                antee

                Principal Protector(SM)                                 Not Available

                Protection Plus(SM)                                     Not Available

                Fixed maturity options                                  Not Available

                Guaranteed principal benefit option1 and Guaranteed     Not Available
                principal benefit option 2

                "Indication of Intent"                                  The "Indication of Intent" approach to first year
                                                                        contributions in connection with the contribution crediting
                                                                        rate is not available.

                See "Contract features and benefits" in "Credits"       The following information is added as the third bullet to
                                                                        the final set of bullets in this section:

                                                                        o Where annuity payments may begin after the first contract
                                                                          year, if you elect to receive annuity payments, we will
                                                                          not recover the credit on any contributions. See "The
                                                                          amount applied to purchase an annuity payout option" in
                                                                          "Accessing your money" later in the Prospectus for more
                                                                          information on the effect of annuitization in New York.

                See "Insufficient account value" in "Determining your   If your account value in the variable investment options is
                contract's value"                                       insufficient to pay the annual administrative charge, or
                                                                        either enhanced death benefit charge, and you have no
                                                                        account value in the guaranteed interest option, your
                                                                        contract will terminate without value, and you will lose any
                                                                        applicable benefits. See "Charges and expenses" earlier in
                                                                        this Prospectus.

                See "The amount applied to purchase an annuity          Regardless of the form of annuity chosen, the amount applied
                payout option" in "Accessing your money"                to the annuity benefit is the greater of the cash value or
                                                                        95% of what the account value would be if no withdrawal
                                                                        charge applied. The income provided, however, will never be
                                                                        less than what would be provided by applying the account
                                                                        value to the guaranteed annuity purchase factors. The
                                                                        guaranteed annuity purchase factors we use to determine your
                                                                        annuity benefit are lower than those we use under other
                                                                        contracts.




H-2 Appendix VIII: State contract availability and/or variations of certain
features and benefits





- ------------------------------------------------------------------------------------------------------------------------------------
 State       Features and Benefits                                     Availability or Variation
                                                             
- ------------------------------------------------------------------------------------------------------------------------------------
NEW YORK,   See "Annuity maturity date" in "Accessing your         Your contract has a maturity date by which you must either take a
CONTINUED   money"                                                 lump sum withdrawal or select an annuity payout option. The
                                                                   maturity date is the contract date that follows the annuitant's
                                                                   90th birthday.

            See "Charges and expenses"                             With regard to the Annual administrative, either enhanced death
                                                                   benefit and Guaranteed minimum income benefit charges,
                                                                   respectively, we will deduct the related charge, as follows for
                                                                   each: we will deduct this charge from your value in the variable
                                                                   investment options on a pro rata basis. If the contract is
                                                                   surrendered or annuitized or a death benefit is paid, we will
                                                                   deduct a pro rata portion of the charge for that year.

                                                                   If your account value in the variable investment options is
                                                                   insufficient to pay the applicable charge, and you have no
                                                                   account value in the guaranteed interest option, your contract
                                                                   will terminate without value and you will lose any applicable
                                                                   guaranteed benefits. Please see "Insufficient account value" in
                                                                   "Determining your contract's value" earlier in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
OREGON      Fixed maturity options                                 Not Available

            Guaranteed principal benefit option 1 and Guaranteed   Not Available
            principal benefit option 2

            See "How you can purchase and contribute to your       o Subsequent contributions are not permitted. This is a single
            contract" in "Contract features and benefits"            premium product.

                                                                   o Section 1035 exchanges, rollovers, multiple assignments and/or
                                                                     transfers are permitted provided that all documentation is
                                                                     complete and received with the application.

            See "Indication of intent" in "Contract features and   Since Oregon does not permit additional contributions, the indi-
            benefits"                                              cation of intent approach to first year contributions is
                                                                   applicable in Oregon only to the extent that all necessary
                                                                   documentation for multiple transfers and/or exchanges is complete
                                                                   and received with the application.

            See "Lifetime required minimum distribution with-      We will not impose a withdrawal charge on minimum distribution
            drawals" in "Accessing your money"                     withdrawals even if you are not enrolled in our automatic RMD
                                                                   service except if, when added to a partial withdrawal previously
                                                                   taken in the same contract year, the minimum distribution
                                                                   withdrawals exceed the 10% free withdrawal amount. Such minimum
                                                                   distribution withdrawals must be based solely on your
                                                                   Accumulator(R) Plus(SM) contract's account value.

            See "Selecting an annuity payout option" in "Access-   The annuity commencement date may not be earlier than eight years
            ing your money"                                        from the contract issue date.

            See "Disability, terminal illness, or confinement to   Item (1) is deleted in its entirety.
            nursing home" under "Withdrawal charge" in
            "Charges and expenses"

            See "Transfers of ownership, collateral assignments,   The second paragraph in this section is deleted.
            loans and borrowing" in "More information"



                               Appendix VIII: State contract availability and/or
                                 variations of certain features and benefits H-3






- ------------------------------------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                      Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                    
OREGON          See "Lifetime required minimum distribution with-         We generally will not impose a withdrawal charge on
(CONTINUED)     drawals" in "Accessing your money"                        minimum distribution withdrawals even if your are not
                                                                          enrolled in our automatic RMD service except if, when
                                                                          added to a lump sum withdrawal previously taken in the
                                                                          same contract year, the minimum distribution withdrawals
                                                                          exceed the 10% free withdrawal amount. In order to avoid a
                                                                          withdrawal charge in connection with minimum distribution
                                                                          withdrawals outside of our automatic RMD service, you must
                                                                          notify us using our request form. Such minimum
                                                                          distribution withdrawals must be based solely on your
                                                                          contract's account value.

                See "We require that the following types of               The following is added:
                communications be on specific forms we provide for         (20) requests for required minimum distributions, other
                that purpose:" in "Who is AXA Equitable?"                       than pursuant to our automatic RMD service.
- ------------------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA    Contribution age limitations                              The following contribution
                                                                          limits apply:

                                                                                      Maximum
                                                                          Issue age   Contribution age
                                                                          ---------   ----------------
                                                                          0-75        77
                                                                          76          78
                                                                          77          79
                                                                          78-80       80

                See "Annuity maturity date" in "Accessing your            The maturity date by which you must take a lump sum with-
                money"                                                    drawal or select an annuity payout option is as follows:

                                                                                      Maximum
                                                                          Issue age   Annuitization age
                                                                          ---------   -----------------
                                                                          0-75        85
                                                                          76          86
                                                                          77          87
                                                                          78-80       88

                Loans under Rollover TSA contracts                        Taking a loan in excess of the Internal Revenue Code
                                                                          limits may result in adverse tax consequences. Please
                                                                          consult your tax adviser before taking a loan that exceeds
                                                                          the Internal Revenue Code limits.
- ------------------------------------------------------------------------------------------------------------------------------------
PUERTO RICO     IRA, Roth IRA, QP and Rollover TSA contracts              Not Available
                Beneficiary continuation option (IRA)                     Not Available
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS           See "Annual administrative charge" in "Charges and        The annual administrative charge will not be deducted from
                expenses"                                                 amounts allocated to the Guaranteed interest option.
- ------------------------------------------------------------------------------------------------------------------------------------
UTAH            See "Transfers of ownership, collateral assignments,      The second paragraph in this section is deleted.
                loans and borrowing" in "More information"
- ------------------------------------------------------------------------------------------------------------------------------------
VERMONT         Loans under Rollover TSA contracts                        Taking a loan in excess of the Internal Revenue Code
                                                                          limits may result in adverse tax consequences. Please
                                                                          consult your tax adviser before taking a loan that exceeds
                                                                          the Internal Revenue Code limits.
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON      Guaranteed interest option (for contracts issued from     Not Available
                approximately December 2004 to December 2006)

                Investment simplifier -- Fixed-dollar option and Inter-   Not Available
                est sweep option

                Fixed maturity options                                    Not Available

                Guaranteed Principal Benefit Options 1 and 2              Not Available
- ------------------------------------------------------------------------------------------------------------------------------------



H-4 Appendix VIII: State contract availability and/or variations of certain
features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                     Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                 
WASHINGTON      Income Manager(SM) payout option                         Not Available
(CONTINUED)
                Protection Plus(SM)                                      Not Available

                See "Guaranteed minimum death benefit" in "Con-        You have a choice of the standard death benefit, the Annual
                tract features and benefits"                           Ratchet to age 85 enhanced death
                                                                       benefit, or the Greater of 4%
                                                                       Roll-Up to age 85 or the Annual
                                                                       Ratchet to age 85 enhanced
                                                                       death benefit.

                See "Annual administrative charge" in "Charges and     The annual administrative charge will be deducted from the
                expenses"                                              value in the variable investment options on a pro rata basis.

                See "Withdrawal charge" in "Charges and expenses"      The 10% free withdrawal amount applies to full surrenders.

                See "Disability, terminal illness, or confinement to   The annuitant has qualified to receive Social Security
                nursing home" under "Withdrawal charge" in             disability benefits as certified by the Social Security
                "Charges and expenses"                                 Administration or a statement from an independent U.S.
                                                                       licensed physician stating that the annuitant meets the
                                                                       definition of total disability for at least 6 continuous
                                                                       months prior to the notice of claim. Such disability must
                                                                       be re-certified every 12 months.



                               Appendix VIII: State contract availability and/or
                                 variations of certain features and benefits H-5




Appendix IX: Contract Variations


- --------------------------------------------------------------------------------


You may be receiving this Prospectus as a current contract owner. If you are a
current contract owner, you should note that your contract's options, features
and charges may vary from what is described in this Prospectus depending on the
approximate date on which you purchased your contract. You may not change your
contract or its features after issue. This Appendix reflects contract
variations that differ from what is described in this Prospectus but may have
been in effect at the time your contract was issued. If you purchased your
contract during the "Approximate Time Period" below, the noted variation may
apply to you.

In addition, options and/or features may vary among states in light of
applicable regulations or state approvals. Any such state variations are
generally not included here but instead included in Appendix VIII earlier in
this section. For more information about state variations applicable to you, as
well as particular features, charges and options available under your contract
based upon when you purchased it, please contact your financial professional
and/or refer to your contract.





- ---------------------------------------------------------------------------------------
Approximate Time Period                  Feature/Benefit
- ---------------------------------------------------------------------------------------
                                      
April 2002 - November 2002               Inherited IRA beneficiary Continuation
                                         contract
- ---------------------------------------------------------------------------------------
April 2002 - February 2003               Guaranteed minimum income benefit
                                         Annual Ratchet to age 85
                                         6% Roll-Up to age 85
                                         The Greater of 6% Roll-Up to age 85 of the
                                         Annual Ratchet to age 85
- ---------------------------------------------------------------------------------------
April 2002 - September 2003              The guaranteed principal benefits
                                         Spousal protection
                                         Maximum contributions
                                         Guaranteed minimum death benefit maximum
                                         issue age
                                         Protection Plus

April 2002 - September 2003, continued   Guaranteed option charges


- ---------------------------------------------------------------------------------------
Approximate Time Period                  Variation
- ---------------------------------------------------------------------------------------
                                      
April 2002 - November 2002               Unavailable -- accordingly, all references in
                                         this Prospectus to "Inherited IRA beneficiary
                                         Continuation contract" are deleted in their
                                         entirety
- ---------------------------------------------------------------------------------------
April 2002 - February 2003               The fee for this benefit was 0.45%
                                         The fee for this benefit was 0.20%
                                         The fee for this benefit was 0.35%
                                         The fee for this benefit was 0.45%
- ---------------------------------------------------------------------------------------
April 2002 - September 2003              GPB 2 -- unavailable
                                         GPB 1 known as Principal assurance
                                         GPB 1 is available with both systematic and
                                         substantially equal withdrawals
                                         GPB1 is available with guaranteed minimum
                                         income benefit
                                         Unavailable -- accordingly, all references in
                                         this Prospectus to "Spousal protection" are
                                         deleted in their entirety
                                         The maximum contributions permitted under all
                                         Accumulator series contracts with the same
                                         owner or annuitant is $1,500,000.
                                         80 (not including QP contracts)
                                         The maximum issue age for this benefit was
                                         79.
                                         For issue ages 71-79, the applicable death
                                         benefit will be multiplied by 25%
                                         In calculating the death benefit, contributions
                                         are decreased for withdrawals on a pro rata
                                         basis

April 2002 - September 2003, continued   If the contract is surrendered or annuitized or
                                         the a death benefit is paid on a date other than
                                         the contract date anniversary, we will not
                                         deduct a pro rata portion of the charge for any
                                         applicable guaranteed benefit
- ---------------------------------------------------------------------------------------




I-1 Appendix IX: Contract Variations






- ----------------------------------------------------------------------------------------------------------------------------------
                                                                  
                             Withdrawals treated as surrenders          We will not treat a withdrawal that results in a
                                                                        cash value of less than $500 as a request for a
                                                                        surrender. We will not terminate your contract
                                                                        if you do not make contributions for three contract years.

                             Guaranteed minimum income benefit option   Subject to state availability, this option
                                                                        guarantees you a minimum amount of fixed
                                                                        income under your choice of a life annuity fixed
                                                                        payout option or an Income Manager(SM) level
                                                                        payment life with a period certain payout
                                                                        option
                                                                        Known as the Living Benefit.

                             Credits                                    First year total        Credit
                                                                        contributions           Percentage
                                                                        Breakpoints             applied to
                                                                                                contributions
                                                                        --------------------------------------------------
                                                                        Less than
                                                                        $  250,000                  4%
                                                                        --------------------------------------------------
                                                                        $250,000- $999,999.99       5%
                                                                        --------------------------------------------------
                                                                        $1 million
                                                                        or more        6%

                             Partial withdrawals                        Your free withdrawal amount is 15%

                             Systematic withdrawals                     Your systematic withdrawal may not exceed
                                                                        1.20% (monthly), 3.60% (quarterly) or 15%
                                                                        (annually) of account value

                             Guaranteed optional benefits               In calculating any guaranteed optional benefit
                                                                        base, any applicable credit is included
- ----------------------------------------------------------------------------------------------------------------------------------
April 2002 - July 2004       Principal Protector(SM) benefit            Unavailable -- accordingly, all references in
                                                                        this Prospectus to "Principal Protector" are
                                                                        deleted in their entirety.

                             See "Transferring your account value" in   The fourth bullet is deleted in its entirety.
                             "Transferring your money among investment
                             options"
- ----------------------------------------------------------------------------------------------------------------------------------
April 2002 - December 2004   Termination of guaranteed benefits         Your guaranteed benefits will not automatically
                                                                        terminate if you change ownership of your NQ
                                                                        contract.

                             Ownership Transfer of NQ                   If you transfer ownership of your NQ contract,
                                                                        your guaranteed benefit options will not be
                                                                        automatically terminated
- ----------------------------------------------------------------------------------------------------------------------------------
April 2002 - January 2005    No lapse guarantee                         Unavailable.
- ----------------------------------------------------------------------------------------------------------------------------------
April 2002 - October 2005    Roll-Up benefit base reset                 Unavailable.



                                            Appendix IX: Contract Variations I-2






- ----------------------------------------------------------------------------------------------------------------------------------
April 2002 - current                          Guaranteed interest option
                                           
- ----------------------------------------------------------------------------------------------------------------------------------
April 2002 - July 2003                        Guaranteed interest option
- ----------------------------------------------------------------------------------------------------------------------------------
March 2003 - September 2003                   Annual Ratchet to age 85
                                              6% Roll-Up to age 85
                                              Guaranteed minimum income benefit
- ----------------------------------------------------------------------------------------------------------------------------------
September 2003 - January 2004                 Greater of the 6% Roll-Up to age 85 or the
                                              Annual Ratchet to age 85 enhanced death
                                              benefit:
                                              o Benefit base crediting rate
                                              o Fee table
                                              o Effect of withdrawals on your Greater of the
                                                5% Roll-Up to age 85 or the Annual
                                                Ratchet to age 85 enhanced death benefit
- ----------------------------------------------------------------------------------------------------------------------------------
 September 2003 - February 2004 (for the      How withdrawals affect your Guaranteed
 Guaranteed minimum income benefit) and       minimum income benefit and Greater of the
 January 2004 - February 2005 (for the        6% Roll-Up to age 85 or the Annual
 Greater of the 6% Roll-Up to age 85 or the   Ratchet to age 85 enhanced death benefit:
 Annual Ratchet to age 85 enhanced death
 benefit:)
- ----------------------------------------------------------------------------------------------------------------------------------
 April 2002 - March 2006                      Recovery of credit due to death within one
                                              year of contribution
                                              Net crediting
- ----------------------------------------------------------------------------------------------------------------------------------
 September 2003 - present                     6% Roll-Up to age 85 enhanced death
                                              benefit
- ----------------------------------------------------------------------------------------------------------------------------------
 January 2004 -present                        Greater of 5% Roll-Up to age 85 or the
                                              Annual Ratchet to age 85 enhanced death
                                              benefit


- ----------------------------------------------------------------------------------------------------------------------------------
                                           
April 2002 - current                          Your lifetime minimum interest rate is either
                                              1.5%, 2.25% or 3.0% (depending on the state
                                              and time where your contract was issued). No
                                              limitations regarding allocations or transactions
                                              into the guaranteed interest account.
- ----------------------------------------------------------------------------------------------------------------------------------
April 2002 - July 2003                        No limitations regarding allocations or transfers
                                              into the guaranteed interest account
- ----------------------------------------------------------------------------------------------------------------------------------
March 2003 - September 2003                   The fee for this benefit was 0.30%
                                              The fee for this benefit was 0.45%
                                              The fee for this benefit is 0.60%
- ----------------------------------------------------------------------------------------------------------------------------------
September 2003 - January 2004
                                              The effective annual interest credited to the
                                              applicable benefit base is 5%.* Accordingly, all
                                              references in this Prospectus to the "6%
                                              Roll-Up benefit base" are deleted in their
                                              entirety and replaced with "5% Roll-Up benefit
                                              base."
                                              Greater of the 5% Roll-Up to age 85 or the
                                              Annual Ratchet to age 85 enhanced death
                                              benefit charge: 0.50%.*
                                              Withdrawals will reduce each of the benefit
                                              bases on a pro rata basis only.
- ----------------------------------------------------------------------------------------------------------------------------------
 September 2003 - February 2004 (for the      In calculating whether your withdrawal will
 Guaranteed minimum income benefit) and       reduce your the Roll-Up benefit base portion
 January 2004 - February 2005 (for the        of your Guaranteed minimum income benefit
 Greater of the 6% Roll-Up to age 85 or the   base on a pro rata or dollar-for-dollar basis,
 Annual Ratchet to age 85 enhanced death      withdrawal charges will be included in the
 benefit:)                                    withdrawal amount.
- ----------------------------------------------------------------------------------------------------------------------------------
 April 2002 - March 2006                      Not applicable
                                              Not applicable
- ----------------------------------------------------------------------------------------------------------------------------------
 September 2003 - present                     Unavailable -- accordingly, all references to
                                              this feature are deleted in their entirety
- ----------------------------------------------------------------------------------------------------------------------------------
 January 2004 -present                        Unavailable -- accordingly, all references to
                                              this feature are deleted in their entirety




*    Contract owners who elected the Guaranteed minimum income benefit and/or
     the Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to age 85
     enhanced death benefit had a limited opportunity to change to the new
     versions of these benefits, as they are described in "Contract features and
     benefits" and "Accessing your money," earlier in this Prospectus.


I-3 Appendix IX: Contract Variations



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS


                                                                            Page


Who is AXA Equitable?                                                       2
Unit Values                                                                 2
Name Change                                                                 2
Custodian and Independent Registered Public Accounting Firm                 2
Distribution of the Contracts                                               2
Financial Statements                                                        3


How to obtain an Accumulator(R) Plus(SM) Statement of Additional Information for
Separate Account No. 49

Send this request form to:
 Accumulator(R) Plus(SM)
     P.O. Box 1547
     Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me an Accumulator(R) Plus(SM) SAI for Separate Account No. 49 dated
                                                           May 1, 2007.


- --------------------------------------------------------------------------------
Name

- --------------------------------------------------------------------------------
Address

- --------------------------------------------------------------------------------

City           State    Zip
                                Plus '02, '04, '06, Jumpstart '07 and '07 Series
                                                                          x01480





Accumulator(R) Plus(SM)
A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) PLUS(SM)?


Accumulator(R) Plus(SM) is a deferred annuity contract issued by AXA Equitable
Life Insurance Company. It provides for the accumulation of retirement savings
and for income. The contract offers death benefit protection and a number of
payout options. You invest to accumulate value on a tax-deferred basis in one
or more of our variable investment options, the guaranteed interest option or
fixed maturity options ("investment options"). This contract may not currently
be available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------



(1)  The "AXA Allocation" portfolios.
(*)  This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.
(**) This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.
(+)  This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.
(++) Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust, or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.

You may also allocate amounts to the guaranteed interest option and the fixed
maturity options, which are discussed later in this Prospectus. If you elect
the Guaranteed withdrawal benefit for life or a Principal guaranteed benefit,
your investment options will be limited to the guaranteed interest option and
certain permitted variable investment option(s). The permitted variable
investment options are described later in this Prospectus.


TYPES OF CONTRACTS. We offer the contracts for use as:
o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
   IRA") or Roth IRA ("Roth Conversion IRA").
o  An annuity that is an investment vehicle for a qualified defined contribution
   plan ("QP") (Rollover and direct transfer contributions only).
o  An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).


A contribution of at least $10,000 is required to purchase a contract. We add
an amount ("credit") to your contract with each contribution you make. Expenses
for this contract may be higher than for a comparable contract without a
credit. Over time, the amount of the credit may be more than offset by fees and
charges associated with the credit.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, N.J. 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.


                                                          X01466/Plus '06 Series



Contents of this Prospectus
- --------------------------------------------------------------------------------

ACCUMULATOR(R) PLUS(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) Plus(SM) at a glance -- key features                          9


- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     15
Condensed financial information                                             19


- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           20
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        20
Owner and annuitant requirements                                            23
How you can make your contributions                                         23
What are your investment options under the contract?                        23
Portfolios of the Trusts                                                    24
Allocating your contributions                                               30
Credits                                                                     31
Guaranteed minimum death benefit and Guaranteed
   minimum income benefit base                                              32
Annuity purchase factors                                                    33
Guaranteed minimum income benefit option                                    34
Guaranteed minimum death benefit                                            36
Guaranteed withdrawal benefit for life ("GWBL")                             37
Principal guarantee benefits                                                41
Your right to cancel within a certain number of days                        41


- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        43
- --------------------------------------------------------------------------------
Your account value and cash value                                           43
Your contract's value in the variable investment options                    43
Your contract's value in the guaranteed interest option                     43
Your contract's value in the fixed maturity options                         43
Insufficient account value                                                  43


- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG THE INVESTMENT OPTIONS                     45
- --------------------------------------------------------------------------------
Transferring your account value                                             45
Disruptive transfer activity                                                45
Rebalancing your account value                                              46


- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

2  Contents of this Prospectus


- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     48
- --------------------------------------------------------------------------------
Withdrawing your account value                                              48
How withdrawals are taken from your account value                           50
How withdrawals affect your Guaranteed minimum
   income benefit, Guaranteed minimum death benefit
   and Principal guarantee benefits                                         50
How withdrawals affect your GWBL and GWBL
   Guaranteed minimum death benefit                                         50
Withdrawals treated as surrenders                                           51
Loans under Rollover TSA contracts                                          51
Surrendering your contract to receive its cash value                        52
When to expect payments                                                     52
Your annuity payout options                                                 52


- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     55
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          55
Charges that the Trusts deduct                                              58
Group or sponsored arrangements                                             58
Other distribution arrangements                                             59


- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 60
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     60
Beneficiary continuation option                                             62


- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          64
- --------------------------------------------------------------------------------
Overview                                                                    64
Buying a contract to fund a retirement arrangement                          64
Transfers among variable investment options                                 64
Taxation of nonqualified annuities                                          64
Individual retirement arrangements (IRAs)                                   66
Tax-sheltered annuity contracts (TSAs)                                      76

Federal and state income tax withholding and information

   reporting                                                                79
Special rules for contracts funding qualified plans                         80
Impact of taxes to AXA Equitable                                            80


- --------------------------------------------------------------------------------

8. MORE INFORMATION                                                         81

- --------------------------------------------------------------------------------
About Separate Account No. 49                                               81
About the Trusts                                                            81
About our fixed maturity options                                            81
About the general account                                                   82
About other methods of payment                                              83
Dates and prices at which contract events occur                             83
About your voting rights                                                    84
About legal proceedings                                                     84
Financial statements                                                        84
Transfers of ownership, collateral assignments, loans
   and borrowing                                                            84

About Custodial IRAs                                                        85

Distribution of the contracts                                               85


- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          87
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
I   -- Condensed financial information                                     A-1
II  -- Purchase considerations for QP contracts                            B-1
III -- Market value adjustment example                                     C-1
IV  -- Enhanced death benefit example                                      D-1
V   -- Hypothetical illustrations                                          E-1
VI  -- Earnings enhancement benefit example                                F-1
VII -- State contract availability and/or variations
          of certain features and benefits                                 G-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3


Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.


                                                                Page
   6% Roll-Up to age 85                                           32
   account value                                                  43
   administrative charge                                          55
   annual administrative charge                                   55
   Annual Ratchet                                                 39
   Annual Ratchet to age 85 enhanced death benefit                32
   annuitant                                                      20
   annuitization                                                  52
   annuity maturity date                                          54
   annuity payout options                                         52
   annuity purchase factors                                       33
   automatic investment program                                   83
   AXA Allocation portfolios   cover
   beneficiary                                                    60
   Beneficiary continuation option ("BCO")                        62
   benefit base                                                   38
   business day                                                   83
   cash value                                                     43
   charges for state premium and other applicable taxes           58
   contract date                                                  23
   contract date anniversary                                      23
   contract year                                                  23
   Contributions to Roth IRAs                                     73
      regular contributions                                       73
      rollovers and transfers                                     73
      conversion contributions                                    74
   contributions to traditional IRAs                              67
      regular contributions                                       67
      rollovers and transfers                                     69
   credit                                                         31
   disability, terminal illness or confinement to nursing home    56
   disruptive transfer activity                                   45
   distribution charge                                            55
   Earnings Enhancement benefit                                   58
   Earnings Enhancement benefit charge                            58
   EQAccess                                                        7
   ERISA                                                          51
   Fixed-dollar option                                            30
   fixed maturity options                                         29
   free look                                                      41
   free withdrawal amount                                         56
   general account                                                82
   General dollar cost averaging                                  30
   guaranteed interest option                                     29
   Guaranteed minimum death benefit                               36
   Guaranteed minimum death benefit/guaranteed
      minimum income benefit roll-up benefit base
      reset option                                                33
   Guaranteed minimum income benefit                              34
   Guaranteed minimum income benefit "no lapse guarantee"         34
   Guaranteed minimum income benefit charge                       57
   Guaranteed withdrawal benefit for life                         37
   Guaranteed withdrawal benefit for life charge                  58
   IRA                                                         cover
   IRS                                                            64
   Investment simplifier                                          30
   lifetime required minimum distribution withdrawals             49
   loan reserve account                                           51
   loans under Rollover TSA                                       51
   market adjusted amount                                         29
   market value adjustment                                        29
   market timing                                                  45
   maturity dates                                                 29
   maturity value                                                 29
   Mortality and expense risks charge                             55
   NQ                                                          cover
   partial withdrawals                                            48
   permitted variable investment options                          23
   portfolio                                                   cover
   Principal guarantee benefits                                   41
   processing office                                               7
   QP                                                          cover
   rate to maturity                                               29
   Rebalancing                                                    46
   Rollover IRA                                                cover
   Rollover TSA                                                cover
   Roth Conversion IRA                                         cover
   Roth IRA                                                    cover
   SAI                                                         cover
   SEC                                                         cover
   self-directed allocation                                       30
   Separate Account No. 49                                        81
   Standard death benefit                                         32
   substantially equal withdrawals                                49
   Spousal continuation                                           61
   systematic withdrawals                                         48
   TOPS                                                            7
   TSA                                                         cover
   traditional IRA                                             cover
   Trusts                                                         81
   unit                                                           43
   variable investment options                                    23
   wire transmittals and electronic applications                  83
   withdrawal charge                                              56


To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract or supplemental materials.



- --------------------------------------------------------------------------------------
 Prospectus                      Contract or Supplemental Materials
- --------------------------------------------------------------------------------------
                             
fixed maturity options          Guarantee Periods (Guaranteed Fixed Interest Accounts
                                in supplemental materials)
variable investment options     Investment Funds
- --------------------------------------------------------------------------------------


4 Index of key words and phrases




- ------------------------------------------------------------------------------------------------
 Prospectus                                 Contract or Supplemental Materials
- ------------------------------------------------------------------------------------------------
                                        
  account value                            Annuity Account Value
  rate to maturity                         Guaranteed Rates
  unit                                     Accumulation Unit
  Guaranteed minimum death benefit         Guaranteed death benefit
  Guarantee minimum income benefit         Guaranteed Income Benefit
  guaranteed interest option               Guaranteed Interest Account
  Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
  GWBL benefit base                        Guaranteed withdrawal benefit for life benefit base
  Guaranteed annual withdrawal amount      Guaranteed withdrawal benefit for life Annual
                                           withdrawal amount
  GWBL Excess withdrawal                   Guaranteed withdrawal benefit for life Excess
                                           withdrawal
- ------------------------------------------------------------------------------------------------


                                                Index of key words and phrases 5


Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


6  Who is AXA Equitable?


HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDITIONAL
 CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Plus(SM)
P.O. Box 13014
Newark, NJ 07188-0014


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDITIONAL
 CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R) Plus(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R) Plus(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R) Plus(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o written confirmation of financial transactions;

o statement of your contract values at the close of each calendar year and any
  calendar quarter in which there was a financial transaction; and


o annual statement of your contract values as of the close of the contract
  year, including notification of eligibility to exercise the Guaranteed
  minimum income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o your current account value;

o your current allocation percentages;

o the number of units you have in the variable investment options;

o rates to maturity for the fixed maturity options;

o the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the variable
   investment options;

o  elect to receive certain contract statements electronically;

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

                                                        Who is AXA Equitable?  7


- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts and
     contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;


(14) requests to reset your Roll-Up benefit base (for contracts that have both
     the Guaranteed minimum income benefit and the Greater of 6% Roll-Up to age
     85 or Annual Ratchet to age 85 enhanced death benefit);


(15) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(16) death claims;

(17) change in ownership (NQ only);

(18) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL"); and

(19) requests to reset the guaranteed minimum value for contracts with a
     Principal guarantee benefit.

WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between variable investment options;

(4)  contract surrender and withdrawal requests; and

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options)

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  dollar cost averaging (including the fixed dollar amount and interest sweep
     options);

(3)  rebalancing;

(4)  substantially equal withdrawals;

(5)  systematic withdrawals; and

(6)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners both must sign.


8  Who is AXA Equitable?


Accumulator(R) Plus(SM) at a glance -- key features

- --------------------------------------------------------------------------------



                       
Professional investment   Accumulator(R) Plus(SM) variable investment options invest in different portfolios managed by
management                professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options    o Fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years
                            (subject to availability).
                          o Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                            maturity.
                          ----------------------------------------------------------------------------------------------------------
                          If you make withdrawals or transfers from a fixed maturity option before maturity, there will be
                          a market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                          portion of a fixed maturity amount, this may increase or decrease any value that you have left in that
                          fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest       o Principal and interest guarantees.
option
                          o Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations        o No tax on earnings inside the contract until you make withdrawals from your contract or
                            receive annuity payments.
                          o No tax on transfers among variable investment options inside the contract.
                          ----------------------------------------------------------------------------------------------------------
                          If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax Sheltered
                          Annuity (TSA), or to fund an employer retirement plan (QP or Qualified Plan), you should be aware that
                          such annuities do not provide tax deferral benefits beyond those already provided by the Internal Revenue
                          Code. Before purchasing one of these annuities, you should consider whether its features and benefits
                          beyond tax deferral meet your needs and goals. You may also want to consider the relative features,
                          benefits and costs of these annuities compared with any other investment that you may use in connection
                          with your retirement plan or arrangement. Depending on your personal situation, the contract's guaranteed
                          benefits may have limited usefulness because of required minimum distributions ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum        The Guaranteed minimum income benefit provides income protection for you during your life once
income benefit            you elect to annuitize the contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal     The Guaranteed withdrawal benefit for life option ("GWBL") guarantees that you can take withdrawals up to
benefit for life          a maximum amount each contract year (your "Guaranteed annual withdrawal amount") beginning at age 45 or
                          later. Withdrawals are taken from your account value and continue during your lifetime even if your
                          account value falls to zero (unless it is caused by a withdrawal that exceeds your Guaranteed annual
                          withdrawal amount).
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts      o Initial minimum:      $10,000
                          o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                  $100 monthly and $300 quarterly under our automatic investment program
                                                  (NQ contracts)
                                                  $50 (IRA contracts)
                          ----------------------------------------------------------------------------------------------------------
                          Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million under
                          all Accumulator(R) series contracts with the same owner or annuitant. We reserve the right to limit
                          aggregate contributions made after the first contract year to 150% of first-year contributions. See "How
                          you can purchase and contribute to your contract" in "Contract features and benefits" later in this
                          Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Credit                    We allocate your contributions to your account value. We allocate a credit to your account value at the
                          same time that we allocate your contributions. The credit will apply to additional contribution amounts
                          only to the extent that those amounts exceed total withdrawals from the contract. The amount of credit may
                          be up to 5% of each contribution, depending on certain factors. The credit is subject to recovery by us in
                          certain limited circumstances.
- ------------------------------------------------------------------------------------------------------------------------------------



                           Accumulator(R) Plus(SM) at a glance key features -- 9




- --------------------------------------------------------------------------------
                         
Access to your money        o Partial withdrawals
                            o Several withdrawal options on a periodic basis
                            o Loans under Rollover TSA contracts
                            o Contract surrender
                            o Maximum payment plan (only under contracts with
                              GWBL)
                            o Customized payment plan (only under contracts with
                              GWBL)
                            You may incur a withdrawal charge for certain
                            withdrawals or if you surrender your contract.
                            You may also incur income tax and a tax penalty.
                            Certain withdrawals will diminish the value of
                            optional benefits.
- --------------------------------------------------------------------------------
Payout options              o Fixed annuity payout options
                            o Variable Immediate Annuity payout options
                              (described in a separate prospectus for that
                               option)
                            o Income Manager(SM) payout options (described in a
                              separate prospectus for that option)
- --------------------------------------------------------------------------------
Additional features         o Guaranteed minimum death benefit options
                            o Principal guarantee benefits
                            o Dollar cost averaging
                            o Automatic investment program
                            o Account value rebalancing (quarterly,
                              semiannually, and annually)
                            o Free transfers
                            o Waiver of withdrawal charge for disability,
                              terminal illness, confinement to a nursing home
                              and certain other withdrawals
                            o Earnings enhancement benefit, an optional death
                              benefit available under certain contracts
                            o Spousal continuation
                            o Beneficiary continuation option
                            o Guaranteed minimum death benefit/Guaranteed
                              minimum income benefit roll-up benefit base reset
- --------------------------------------------------------------------------------
Fees and charges            Please see "Fee table" later in this section for
                            complete details.
- --------------------------------------------------------------------------------
Owner and annuitant issue   NQ: 0-80
ages                        Rollover IRA, Roth Conversion
                            IRA and Rollover TSA: 20-80
                            QP: 20-70
- --------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.

OTHER CONTRACTS


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


10 Accumulator(R) Plus(SM) at a glance -- key features


Fee table

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time you
surrender the contract or if you make certain withdrawals or apply your cash
value to certain payout options or if you purchase a Variable Immediate
Annuity. Charges designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state, may also apply.




- -----------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain transactions
- -----------------------------------------------------------------------------------------
                                                                         
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract, make certain
withdrawals, or apply your cash value to certain payout options).(1)         8.00%

Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                       $ 350
- -----------------------------------------------------------------------------------------
The next table describes the fees and expenses that you will pay periodically during the
time that you own the contract, not including the underly-
ing trust portfolio fees and expenses.
- -----------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- -----------------------------------------------------------------------------------------
Maximum annual administrative charge(2)
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                                $  30
   If your account value on a contract date anniversary is $50,000
   or more                                                                   $   0
- -----------------------------------------------------------------------------------------
 Charges we deduct from your variable investment options expressed as an annual percentage
 of daily net assets
- -----------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and expense risks                                                  0.95%(4)
Administrative                                                               0.35%
Distribution                                                                 0.25%
                                                                             -------
Total Separate account annual expenses                                       1.55%
- -----------------------------------------------------------------------------------------
 Charges we deduct from your account value each year if you elect any of the following
 optional benefits
- -----------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)
   Standard death benefit and GWBL Standard death benefit                    0.00%
   Annual Ratchet to age 85                                                  0.25%
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85               0.60%
   GWBL Enhanced death benefit                                               0.30%
- -----------------------------------------------------------------------------------------
Principal guarantee benefits charge (calculated as a percentage
of the account value. Deducted annually(2) on each contract date anni-
versary for which the benefit is in effect.)
   100% Principal guarantee benefit                                          0.50%
   125% Principal guarantee benefit                                          0.75%
- -----------------------------------------------------------------------------------------
Guaranteed minimum income benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)               0.65%
- -----------------------------------------------------------------------------------------
Earnings enhancement benefit charge (calculated as a percent-
age of the account value. Deducted annually(2) on each contract date
anniversary for which the benefit is in effect.)                             0.35%



                                                                    Fee table 11




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Guaranteed withdrawal benefit for life benefit charge(2) (calcu-                           0.60% for the Single Life option
lated as a percentage of the GWBL benefit base. Deducted annually on                       0.75% for the Joint Life option
each contract date anniversary.)
If your GWBL benefit base ratchets, we reserve the right to increase                       0.75% for the Single Life option
your charge up to:                                                                         0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life " in "Contract features and benefits" for more information about this feature,
including its benefit base and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life benefit charge" in "Charges
and expenses," both later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Net loan interest charge -- Rollover TSA contracts only (calcu-
lated and deducted daily as a percentage of the outstanding loan
amount)                                                                                    2.00%(5)
- ------------------------------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.




- ------------------------------------------------------------------------------------------------------------------------------------
 Portfolio operating expenses expressed as an annual percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or  ------     -------
other expenses)(6)                                                                 0.63%      3.15%



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ---------------------------------------------------------------------------------------------
                                                          Manage-
                                                           ment      12b-1      Other
 Portfolio Name                                           Fees(7)   Fees(8)   Expenses(9)
- ---------------------------------------------------------------------------------------------
                                                                      
 AXA Premier VIP Trust:
- ---------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.10%      0.25%     0.18%
AXA Conservative Allocation                               0.10%      0.25%     0.22%
AXA Conservative-Plus Allocation                          0.10%      0.25%     0.18%
AXA Moderate Allocation                                   0.10%      0.25%     0.17%
AXA Moderate-Plus Allocation                              0.10%      0.25%     0.17%
Multimanager Aggressive Equity*                           0.61%      0.25%     0.19%
Multimanager Core Bond*                                   0.59%      0.25%     0.18%
Multimanager Health Care*                                 1.20%      0.25%     0.23%
Multimanager High Yield*                                  0.58%      0.25%     0.18%
Multimanager International Equity*                        1.02%      0.25%     0.26%
Multimanager Large Cap Core Equity*                       0.90%      0.25%     0.20%
Multimanager Large Cap Growth*                            0.90%      0.25%     0.22%
Multimanager Large Cap Value*                             0.88%      0.25%     0.22%
Multimanager Mid Cap Growth*                              1.10%      0.25%     0.20%
Multimanager Mid Cap Value*                               1.10%      0.25%     0.21%
Multimanager Technology*                                  1.20%      0.25%     0.23%
- ---------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ---------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%     0.13%
EQ/AllianceBernstein Growth and Income++                  0.56%      0.25%     0.12%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%     0.14%
EQ/AllianceBernstein International                        0.71%      0.25%     0.20%
EQ/AllianceBernstein Large Cap Growth                     0.90%      0.25%     0.11%
EQ/AllianceBernstein Quality Bond                         0.50%      0.25%     0.14%
EQ/AllianceBernstein Small Cap Growth                     0.74%      0.25%     0.13%
EQ/AllianceBernstein Value                                0.60%      0.25%     0.13%
EQ/Ariel Appreciation II                                  0.75%      0.25%     0.51%
EQ/AXA Rosenberg Value Long/Short Equity                  1.40%      0.25%     1.44%
EQ/BlackRock Basic Value Equity*                          0.55%      0.25%     0.14%
EQ/BlackRock International Value*                         0.82%      0.25%     0.21%



- ------------------------------------------------------------------------------------------------------------------
                                                                              Total
                                                               Acquired       Annual                   Net Total
                                                                 Fund        Expenses    Fee Waiv-      Annual
                                                               Fees and       (Before   ers and/or     Expenses
                                                               Expenses       Expense     Expense       (After
                                                             (Underlying      Limita-   Reimburse-     Expense
 Portfolio Name                                            Portfolios)(10)    tions)     ments(11)   Limitations)
- ------------------------------------------------------------------------------------------------------------------
                                                                                        
 AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.91%             1.44%      (0.18)%      1.26%
AXA Conservative Allocation                               0.67%             1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation                          0.72%             1.25%      (0.18)%      1.07%
AXA Moderate Allocation                                   0.78%             1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation                              0.85%             1.37%      (0.17)%      1.20%
Multimanager Aggressive Equity*                             --              1.05%         --        1.05%
Multimanager Core Bond*                                     --              1.02%      (0.07)%      0.95%
Multimanager Health Care*                                   --              1.68%       0.00%       1.68%
Multimanager High Yield*                                    --              1.01%         --        1.01%
Multimanager International Equity*                          --              1.53%       0.00%       1.53%
Multimanager Large Cap Core Equity*                         --              1.35%       0.00%       1.35%
Multimanager Large Cap Growth*                              --              1.37%      (0.02)%      1.35%
Multimanager Large Cap Value*                               --              1.35%       0.00%       1.35%
Multimanager Mid Cap Growth*                              0.01%             1.56%       0.00%       1.56%
Multimanager Mid Cap Value*                               0.03%             1.59%       0.00%       1.59%
Multimanager Technology*                                    --              1.68%       0.00%       1.68%
- ------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           --              0.85%         --        0.85%
EQ/AllianceBernstein Growth and Income++                    --              0.93%         --        0.93%
EQ/AllianceBernstein Intermediate Government Securities     --              0.89%         --        0.89%
EQ/AllianceBernstein International                          --              1.16%      (0.06)%      1.10%
EQ/AllianceBernstein Large Cap Growth                       --              1.26%      (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond                           --              0.89%         --        0.89%
EQ/AllianceBernstein Small Cap Growth                       --              1.12%         --        1.12%
EQ/AllianceBernstein Value                                  --              0.98%      (0.03)%      0.95%
EQ/Ariel Appreciation II                                    --              1.51%      (0.36)%      1.15%
EQ/AXA Rosenberg Value Long/Short Equity                    --              3.09%      (1.10)%      1.99%
EQ/BlackRock Basic Value Equity*                            --              0.94%       0.00%       0.94%
EQ/BlackRock International Value*                           --              1.28%      (0.03)%      1.25%
- ------------------------------------------------------------------------------------------------------------------



12 Fee table





This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.
- --------------------------------------------------------------------------------
                                              Manage-
                                               ment      12b-1       Other
 Portfolio Name                               Fees(7)   Fees(8)   Expenses(9)
- --------------------------------------------------------------------------------
                                                        
EQ/Boston Advisors Equity Income            0.75%      0.25%     0.15%
EQ/Calvert Socially Responsible             0.65%      0.25%     0.25%
EQ/Capital Guardian Growth                  0.65%      0.25%     0.16%
EQ/Capital Guardian International+          0.83%      0.25%     0.21%
EQ/Capital Guardian Research                0.65%      0.25%     0.13%
EQ/Capital Guardian U.S. Equity++           0.64%      0.25%     0.14%
EQ/Caywood-Scholl High Yield Bond           0.60%      0.25%     0.18%
EQ/Davis New York Venture                   0.85%      0.25%     0.74%
EQ/Equity 500 Index                         0.25%      0.25%     0.13%
EQ/Evergreen International Bond             0.70%      0.25%     0.23%
EQ/Evergreen Omega                          0.65%      0.25%     0.21%
EQ/FI Mid Cap                               0.68%      0.25%     0.15%
EQ/FI Mid Cap Value+                        0.73%      0.25%     0.13%
EQ/Franklin Income                          0.90%      0.25%     0.38%
EQ/Franklin Small Cap Value                 0.90%      0.25%     2.00%
EQ/Franklin Templeton Founding Strategy**   0.05%      0.25%     0.21%
EQ/GAMCO Mergers and Acquisitions           0.90%      0.25%     0.33%
EQ/GAMCO Small Company Value                0.78%      0.25%     0.14%
EQ/International Growth                     0.85%      0.25%     0.35%
EQ/Janus Large Cap Growth++                 0.90%      0.25%     0.15%
EQ/JPMorgan Core Bond                       0.44%      0.25%     0.15%
EQ/JPMorgan Value Opportunities             0.60%      0.25%     0.16%
EQ/Legg Mason Value Equity                  0.65%      0.25%     0.22%
EQ/Long Term Bond                           0.43%      0.25%     0.15%
EQ/Lord Abbett Growth and Income            0.65%      0.25%     0.26%
EQ/Lord Abbett Large Cap Core               0.65%      0.25%     0.41%
EQ/Lord Abbett Mid Cap Value                0.70%      0.25%     0.18%
EQ/Marsico Focus                            0.85%      0.25%     0.13%
EQ/MFS Emerging Growth Companies+           0.65%      0.25%     0.15%
EQ/MFS Investors Trust+                     0.60%      0.25%     0.16%
EQ/Money Market                             0.33%      0.25%     0.14%
EQ/Montag & Caldwell Growth                 0.75%      0.25%     0.16%
EQ/Mutual Shares                            0.90%      0.25%     0.50%
EQ/Oppenheimer Global                       0.95%      0.25%     1.30%
EQ/Oppenheimer Main Street Opportunity      0.85%      0.25%     1.58%
EQ/Oppenheimer Main Street Small Cap        0.90%      0.25%     1.48%
EQ/PIMCO Real Return                        0.55%      0.25%     0.18%
EQ/Short Duration Bond                      0.43%      0.25%     0.14%
EQ/Small Cap Value+                         0.73%      0.25%     0.15%
EQ/Small Company Growth+                    1.00%      0.25%     0.17%
EQ/Small Company Index                      0.25%      0.25%     0.16%
EQ/TCW Equity++                             0.80%      0.25%     0.16%
EQ/Templeton Growth                         0.95%      0.25%     0.64%
EQ/UBS Growth and Income                    0.75%      0.25%     0.17%
EQ/Van Kampen Comstock                      0.65%      0.25%     0.19%
EQ/Van Kampen Emerging Markets Equity       1.12%      0.25%     0.40%
EQ/Van Kampen Mid Cap Growth                0.70%      0.25%     0.23%
EQ/Wells Fargo Montgomery Small Cap++       0.85%      0.25%     0.41%
- -------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- -------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              0.74%      0.35%     0.27%


- ----------------------------------------------------------------------------------------------------
                                                                 Total
                                                 Acquired       Annual                   Net Total
                                                   Fund        Expenses    Fee Waiv-      Annual
                                                 Fees and       (Before   ers and/or     Expenses
                                                 Expenses       Expense     Expense       (After
                                               (Underlying      Limita-   Reimburse-     Expense
 Portfolio Name                              Portfolios)(10)    tions)     ments(11)   Limitations)
- ----------------------------------------------------------------------------------------------------
                                                                          
EQ/Boston Advisors Equity Income              --              1.15%      (0.10)%      1.05%
EQ/Calvert Socially Responsible               --              1.15%      (0.10)%      1.05%
EQ/Capital Guardian Growth                    --              1.06%      (0.11)%      0.95%
EQ/Capital Guardian International+            --              1.29%      (0.09)%      1.20%
EQ/Capital Guardian Research                  --              1.03%      (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++             --              1.03%      (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond             --              1.03%      (0.03)%      1.00%
EQ/Davis New York Venture                     --              1.84%      (0.54)%      1.30%
EQ/Equity 500 Index                           --              0.63%         --        0.63%
EQ/Evergreen International Bond               --              1.18%      (0.03)%      1.15%
EQ/Evergreen Omega                            --              1.11%       0.00%       1.11%
EQ/FI Mid Cap                                 --              1.08%      (0.08)%      1.00%
EQ/FI Mid Cap Value+                          --              1.11%      (0.01)%      1.10%
EQ/Franklin Income                            --              1.53%      (0.23)%      1.30%
EQ/Franklin Small Cap Value                   --              3.15%      (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**   1.07%             1.58%      (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions             --              1.48%      (0.03)%      1.45%
EQ/GAMCO Small Company Value                  --              1.17%       0.00%       1.17%
EQ/International Growth                       --              1.45%       0.00%       1.45%
EQ/Janus Large Cap Growth++                   --              1.30%      (0.15)%      1.15%
EQ/JPMorgan Core Bond                         --              0.84%       0.00%       0.84%
EQ/JPMorgan Value Opportunities               --              1.01%      (0.06)%      0.95%
EQ/Legg Mason Value Equity                    --              1.12%      (0.12)%      1.00%
EQ/Long Term Bond                             --              0.83%       0.00%       0.83%
EQ/Lord Abbett Growth and Income              --              1.16%      (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core                 --              1.31%      (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                  --              1.13%      (0.08)%      1.05%
EQ/Marsico Focus                              --              1.23%      (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+             --              1.05%         --        1.05%
EQ/MFS Investors Trust+                       --              1.01%      (0.06)%      0.95%
EQ/Money Market                               --              0.72%         --        0.72%
EQ/Montag & Caldwell Growth                   --              1.16%      (0.01)%      1.15%
EQ/Mutual Shares                              --              1.65%      (0.35)%      1.30%
EQ/Oppenheimer Global                       0.01%             2.51%      (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity        --              2.68%      (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap          --              2.63%      (1.33)%      1.30%
EQ/PIMCO Real Return                          --              0.98%      (0.08)%      0.90%
EQ/Short Duration Bond                        --              0.82%       0.00%       0.82%
EQ/Small Cap Value+                           --              1.13%      (0.03)%      1.10%
EQ/Small Company Growth+                      --              1.42%      (0.12)%      1.30%
EQ/Small Company Index                      0.01%             0.67%       0.00%       0.67%
EQ/TCW Equity++                               --              1.21%      (0.06)%      1.15%
EQ/Templeton Growth                           --              1.84%      (0.49)%      1.35%
EQ/UBS Growth and Income                      --              1.17%      (0.12)%      1.05%
EQ/Van Kampen Comstock                        --              1.09%      (0.09)%      1.00%
EQ/Van Kampen Emerging Markets Equity         --              1.77%       0.00%       1.77%
EQ/Van Kampen Mid Cap Growth                  --              1.18%      (0.13)%      1.05%
EQ/Wells Fargo Montgomery Small Cap++         --              1.51%      (0.21)%      1.30%
- ----------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- ----------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                --              1.36%      (0.10)%      1.26%




*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "Contract features and ben efits " later in this Prospectus for the
   investment option's former name.

** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.

++ Please see the supplement included with this Prospectus regarding the planned
   substitution or merger of this Portfolio.



Notes:

(1) Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
    amount, if applicable.


                                                                    Fee table 13




                                                                                 
     The withdrawal charge percentage we use is determined by the contract year     Contract
     in which you make the  withdrawal or surrender your  contract. For each        Year
     contribution, we consider the con- tract year in which we receive that         1 .......................8.00%
     contribution to be "contract year 1")                                          2 .......................8.00%
                                                                                    3 .......................7.00%
                                                                                    4 .......................7.00%
                                                                                    5 .......................6.00%
                                                                                    6 .......................5.00%
                                                                                    7 .......................4.00%
                                                                                    8 .......................3.00%
                                                                                    9+ ......................0.00%





(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(3)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, if applicable,
     the charge is $30 for each contract year.

(4)  These charges compensate us for certain risks we assume and expenses we
     incur under the contract. They also compensate us for the expense
     associated with the credit. We expect to make a profit from these charges.

(5)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.

(6)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.


(7)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (11) for any expense
     limitation agreement information.

(8)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940.


(9)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (11) for any expense limitation agreement
     information.

(10) Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(11) The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. Morgan
     Stanley Investment Management Inc., which does business in certain
     instances as "Van Kampen," is the manager of The Universal Institutional
     Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
     agreed to reduce its management fee and/or reimburse the Portfolio so that
     total annual operating expenses of the Portfolio (exclusive of investment
     related expenses, such as foreign country tax expense and interest expense
     on amounts borrowed) are not more than specified amounts. Additionally, the
     distributor of The Universal Institutional Funds, Inc. has agreed to waive
     a portion of the 12b-1 fee for Class II shares. Van Kampen and/or the
     fund's distributor reserves the right to terminate any waiver and/or
     reimbursement at any time without notice. See the prospectus for each
     applicable underlying Trust for more information about the arrangements. In
     addition, a portion of the brokerage commissions of certain portfolios of
     AXA Premier VIP Trust and EQ Advisors Trust is used to reduce the
     applicable Portfolio's expenses. If the above table reflected both the
     expense limitation arrangements, plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:



- --------------------------------------------------------------------------------
 Portfolio Name
- --------------------------------------------------------------------------------
   Multimanager Aggressive Equity                                        1.03%
   Multimanager Health Care                                              1.63%
   Multimanager International Equity                                     1.52%
   Multimanager Large Cap Core Equity                                    1.33%
   Multimanager Large Cap Growth                                         1.33%
   Multimanager Large Cap Value                                          1.31%
   Multimanager Mid Cap Growth                                           1.52%
   Multimanager Mid Cap Value                                            1.58%
   Multimanager Technology                                               1.64%
   EQ/AllianceBernstein Common Stock                                     0.83%
   EQ/AllianceBernstein Growth and Income                                0.92%
   EQ/AllianceBernstein Large Cap Growth                                 1.03%
   EQ/AllianceBernstein Small Cap Growth                                 1.11%
   EQ/AllianceBernstein Value                                            0.94%
   EQ/Ariel Appreciation II                                              1.01%
   EQ/BlackRock Basic Value Equity                                       0.93%
   EQ/Capital Guardian Growth                                            0.94%
   EQ/Capital Guardian Research                                          0.94%
   EQ/Capital Guardian U.S. Equity                                       0.94%
   EQ/Davis New York Venture                                             1.27%
   EQ/Evergreen Omega                                                    1.05%
   EQ/FI Mid Cap                                                         0.97%
   EQ/FI Mid Cap Value                                                   1.09%
- --------------------------------------------------------------------------------


14 Fee table



- --------------------------------------------------------------------------------
Portfolio Name
- --------------------------------------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions                                     1.37%
   EQ/GAMCO Small Company Value                                          1.16%
   EQ/Janus Large Cap Growth                                             1.14%
   EQ/Legg Mason Value Equity                                            0.97%
   EQ/Lord Abbett Growth and Income                                      0.99%
   EQ/Lord Abbett Large Cap Core                                         0.99%
   EQ/Marsico Focus                                                      1.14%
   EQ/MFS Emerging Growth Companies                                      1.03%
   EQ/MFS Investors Trust                                                0.94%
   EQ/Montag & Caldwell Growth                                           1.13%
   EQ/Mutual Shares                                                      1.30%
   EQ/Small Cap Value                                                    1.02%
   EQ/UBS Growth and Income                                              1.03%
   EQ/Van Kampen Comstock                                                0.99%
   EQ/Van Kampen Emerging Markets Equity                                 1.75%
   EQ/Van Kampen Mid Cap Growth                                          1.01%
   EQ/Wells Fargo Montgomery Small Cap                                   1.20%
 -------------------------------------------------------------------------------


EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the Greater of 6%
Roll-Up to age 85 or the Annual Ratchet to age 85 and the Earnings enhancement
benefit with either the Guaranteed minimum income benefit or the 125% Principal
guarantee benefit) would pay in the situations illustrated. Each value in the
expense example was calculated with the Guaranteed minimum income benefit
except for the AXA Moderate Allocation portfolio. The AXA Moderate Allocation
portfolio is calculated with either the Guaranteed minimum income benefit or
the 125% Principal guarantee benefit depending on which benefit yielded the
higher expenses. The example uses an average annual administrative charge based
on the charges paid in 2006, which results in an estimated administrative
charge of 0.008% of contract value.


The fixed maturity options and guaranteed interest option are not covered by
the example. However, the annual administrative charge, the withdrawal charge,
the charge for any optional benefits and the charge if you elect a Variable
Immediate Annuity payout option do apply to the fixed maturity options and
guaranteed interest option. A market value adjustment (up or down) may apply as
a result of a withdrawal, transfer, or surrender of amounts from a fixed
maturity option.

The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance.

Although your actual cost may be higher or lower, based on these assumptions,
your cost would be:

                                                                    Fee table 15





- ----------------------------------------------------------------------------------------------------------
                                                If you surrender your contract at the end of the appli-
                                                                   cable time period
 Portfolio Name                                    1 year        3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------------------
                                                                               
 AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 1,298.00     $ 2,221.00     $ 3,181.00     $ 5,402.00
AXA Conservative Allocation                   $ 1,276.00     $ 2,158.00     $ 3,079.00     $ 5,218.00
AXA Conservative-Plus Allocation              $ 1,278.00     $ 2,161.00     $ 3,084.00     $ 5,227.00
AXA Moderate Allocation                       $ 1,296.00     $ 2,202.00     $ 3,129.00     $ 5,273.00
AXA Moderate-Plus Allocation                  $ 1,291.00     $ 2,199.00     $ 3,145.00     $ 5,338.00
Multimanager Aggressive Equity*               $ 1,256.00     $ 2,097.00     $ 2,981.00     $ 5,039.00
Multimanager Core Bond*                       $ 1,252.00     $ 2,088.00     $ 2,965.00     $ 5,010.00
Multimanager Health Care*                     $ 1,324.00     $ 2,297.00     $ 3,302.00     $ 5,618.00
Multimanager High Yield*                      $ 1,251.00     $ 2,084.00     $ 2,960.00     $ 5,001.00
Multimanager International Equity*            $ 1,308.00     $ 2,250.00     $ 3,226.00     $ 5,483.00
Multimanager Large Cap Core Equity*           $ 1,288.00     $ 2,193.00     $ 3,135.00     $ 5,319.00
Multimanager Large Cap Growth*                $ 1,291.00     $ 2,199.00     $ 3,145.00     $ 5,338.00
Multimanager Large Cap Value*                 $ 1,288.00     $ 2,193.00     $ 3,135.00     $ 5,319.00
Multimanager Mid Cap Growth*                  $ 1,311.00     $ 2,259.00     $ 3,242.00     $ 5,510.00
Multimanager Mid Cap Value*                   $ 1,315.00     $ 2,269.00     $ 3,257.00     $ 5,537.00
Multimanager Technology*                      $ 1,324.00     $ 2,297.00     $ 3,302.00     $ 5,618.00
- ----------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,234.00     $ 2,033.00     $ 2,877.00     $ 4,847.00
EQ/AllianceBernstein Growth and Income++      $ 1,243.00     $ 2,059.00     $ 2,919.00     $ 4,924.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 1,238.00     $ 2,046.00     $ 2,898.00     $ 4,886.00
EQ/AllianceBernstein International            $ 1,268.00     $ 2,132.00     $ 3,037.00     $ 5,143.00
EQ/AllianceBernstein Large Cap Growth         $ 1,279.00     $ 2,164.00     $ 3,089.00     $ 5,236.00
EQ/AllianceBernstein Quality Bond             $ 1,238.00     $ 2,046.00     $ 2,898.00     $ 4,886.00
EQ/AllianceBernstein Small Cap Growth         $ 1,263.00     $ 2,120.00     $ 3,017.00     $ 5,105.00
EQ/AllianceBernstein Value                    $ 1,248.00     $ 2,075.00     $ 2,944.00     $ 4,972.00
EQ/Ariel Appreciation II                      $ 1,306.00     $ 2,243.00     $ 3,216.00     $ 5,465.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 1,478.00     $ 2,734.00     $ 3,989.00     $ 6,779.00
EQ/BlackRock Basic Value Equity*              $ 1,244.00     $ 2,062.00     $ 2,924.00     $ 4,934.00
EQ/BlackRock International Value*             $ 1,281.00     $ 2,170.00     $ 3,099.00     $ 5,255.00
EQ/Boston Advisors Equity Income              $ 1,267.00     $ 2,129.00     $ 3,032.00     $ 5,133.00
EQ/Calvert Socially Responsible               $ 1,267.00     $ 2,129.00     $ 3,032.00     $ 5,133.00
EQ/Capital Guardian Growth                    $ 1,257.00     $ 2,100.00     $ 2,986.00     $ 5,048.00
EQ/Capital Guardian International+            $ 1,282.00     $ 2,174.00     $ 3,104.00     $ 5,264.00
EQ/Capital Guardian Research                  $ 1,254.00     $ 2,091.00     $ 2,970.00     $ 5,020.00
EQ/Capital Guardian U.S. Equity++             $ 1,254.00     $ 2,091.00     $ 2,970.00     $ 5,020.00
EQ/Caywood-Scholl High Yield Bond             $ 1,254.00     $ 2,091.00     $ 2,970.00     $ 5,020.00
EQ/Davis New York Venture                     $ 1,342.00     $ 2,347.00     $ 3,382.00     $ 5,758.00
EQ/Equity 500 Index                           $ 1,210.00     $ 1,963.00     $ 2,762.00     $ 4,632.00
EQ/Evergreen International Bond               $ 1,270.00     $ 2,139.00     $ 3,048.00     $ 5,162.00
- ----------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------
                                                        If you annuitize at the end of the
                                               applicable time period and select a non-life
                                                contingent period certain annuity option
                                                      with less than five years
- ----------------------------------------------------------------------------------------------------
 Portfolio Name                                 1 year      3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------------
                                                                          
 AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                       N/A     $ 2,221.00     $ 3,181.00     $ 5,402.00
AXA Conservative Allocation                     N/A     $ 2,158.00     $ 3,079.00     $ 5,218.00
AXA Conservative-Plus Allocation                N/A     $ 2,161.00     $ 3,084.00     $ 5,227.00
AXA Moderate Allocation                         N/A     $ 2,202.00     $ 3,129.00     $ 5,273.00
AXA Moderate-Plus Allocation                    N/A     $ 2,199.00     $ 3,145.00     $ 5,338.00
Multimanager Aggressive Equity*                 N/A     $ 2,097.00     $ 2,981.00     $ 5,039.00
Multimanager Core Bond*                         N/A     $ 2,088.00     $ 2,965.00     $ 5,010.00
Multimanager Health Care*                       N/A     $ 2,297.00     $ 3,302.00     $ 5,618.00
Multimanager High Yield*                        N/A     $ 2,084.00     $ 2,960.00     $ 5,001.00
Multimanager International Equity*              N/A     $ 2,250.00     $ 3,226.00     $ 5,483.00
Multimanager Large Cap Core Equity*             N/A     $ 2,193.00     $ 3,135.00     $ 5,319.00
Multimanager Large Cap Growth*                  N/A     $ 2,199.00     $ 3,145.00     $ 5,338.00
Multimanager Large Cap Value*                   N/A     $ 2,193.00     $ 3,135.00     $ 5,319.00
Multimanager Mid Cap Growth*                    N/A     $ 2,259.00     $ 3,242.00     $ 5,510.00
Multimanager Mid Cap Value*                     N/A     $ 2,269.00     $ 3,257.00     $ 5,537.00
Multimanager Technology*                        N/A     $ 2,297.00     $ 3,302.00     $ 5,618.00
- ----------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 2,033.00     $ 2,877.00     $ 4,847.00
EQ/AllianceBernstein Growth and Income++        N/A     $ 2,059.00     $ 2,919.00     $ 4,924.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     N/A     $ 2,046.00     $ 2,898.00     $ 4,886.00
EQ/AllianceBernstein International              N/A     $ 2,132.00     $ 3,037.00     $ 5,143.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 2,164.00     $ 3,089.00     $ 5,236.00
EQ/AllianceBernstein Quality Bond               N/A     $ 2,046.00     $ 2,898.00     $ 4,886.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 2,120.00     $ 3,017.00     $ 5,105.00
EQ/AllianceBernstein Value                      N/A     $ 2,075.00     $ 2,944.00     $ 4,972.00
EQ/Ariel Appreciation II                        N/A     $ 2,243.00     $ 3,216.00     $ 5,465.00
EQ/AXA Rosenberg Value Long/Short Equity        N/A     $ 2,734.00     $ 3,989.00     $ 6,779.00
EQ/BlackRock Basic Value Equity*                N/A     $ 2,062.00     $ 2,924.00     $ 4,934.00
EQ/BlackRock International Value*               N/A     $ 2,170.00     $ 3,099.00     $ 5,255.00
EQ/Boston Advisors Equity Income                N/A     $ 2,129.00     $ 3,032.00     $ 5,133.00
EQ/Calvert Socially Responsible                 N/A     $ 2,129.00     $ 3,032.00     $ 5,133.00
EQ/Capital Guardian Growth                      N/A     $ 2,100.00     $ 2,986.00     $ 5,048.00
EQ/Capital Guardian International+              N/A     $ 2,174.00     $ 3,104.00     $ 5,264.00
EQ/Capital Guardian Research                    N/A     $ 2,091.00     $ 2,970.00     $ 5,020.00
EQ/Capital Guardian U.S. Equity++               N/A     $ 2,091.00     $ 2,970.00     $ 5,020.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 2,091.00     $ 2,970.00     $ 5,020.00
EQ/Davis New York Venture                       N/A     $ 2,347.00     $ 3,382.00     $ 5,758.00
EQ/Equity 500 Index                             N/A     $ 1,963.00     $ 2,762.00     $ 4,632.00
EQ/Evergreen International Bond                 N/A     $ 2,139.00     $ 3,048.00     $ 5,162.00
- ----------------------------------------------------------------------------------------------------



- -------------------------------------------------------------------------------------------------------------
                                               If you do not surrender your contract at the end of the
                                                                applicable time period
- -------------------------------------------------------------------------------------------------------------
 Portfolio Name                                    1 year       3 years        5 years        10 years
- -------------------------------------------------------------------------------------------------------------
                                                                              
 AXA PREMIER VIP TRUST:
- -------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                      $ 498.00     $ 1,521.00     $ 2,581.00     $ 5,402.00
AXA Conservative Allocation                    $ 476.00     $ 1,458.00     $ 2,479.00     $ 5,218.00
AXA Conservative-Plus Allocation               $ 478.00     $ 1,461.00     $ 2,484.00     $ 5,227.00
AXA Moderate Allocation                        $ 496.00     $ 1,502.00     $ 2,529.00     $ 5,273.00
AXA Moderate-Plus Allocation                   $ 491.00     $ 1,499.00     $ 2,545.00     $ 5,338.00
Multimanager Aggressive Equity*                $ 456.00     $ 1,397.00     $ 2,381.00     $ 5,039.00
Multimanager Core Bond*                        $ 452.00     $ 1,388.00     $ 2,365.00     $ 5,010.00
Multimanager Health Care*                      $ 524.00     $ 1,597.00     $ 2,702.00     $ 5,618.00
Multimanager High Yield*                       $ 451.00     $ 1,384.00     $ 2,360.00     $ 5,001.00
Multimanager International Equity*             $ 508.00     $ 1,550.00     $ 2,626.00     $ 5,483.00
Multimanager Large Cap Core Equity*            $ 488.00     $ 1,493.00     $ 2,535.00     $ 5,319.00
Multimanager Large Cap Growth*                 $ 491.00     $ 1,499.00     $ 2,545.00     $ 5,338.00
Multimanager Large Cap Value*                  $ 488.00     $ 1,493.00     $ 2,535.00     $ 5,319.00
Multimanager Mid Cap Growth*                   $ 511.00     $ 1,559.00     $ 2,642.00     $ 5,510.00
Multimanager Mid Cap Value*                    $ 515.00     $ 1,569.00     $ 2,657.00     $ 5,537.00
Multimanager Technology*                       $ 524.00     $ 1,597.00     $ 2,702.00     $ 5,618.00
- -------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock              $ 434.00     $ 1,333.00     $ 2,277.00     $ 4,847.00
EQ/AllianceBernstein Growth and Income++       $ 443.00     $ 1,359.00     $ 2,319.00     $ 4,924.00
EQ/AllianceBernstein Intermediate Government
 Securities                                    $ 438.00     $ 1,346.00     $ 2,298.00     $ 4,886.00
EQ/AllianceBernstein International             $ 468.00     $ 1,432.00     $ 2,437.00     $ 5,143.00
EQ/AllianceBernstein Large Cap Growth          $ 479.00     $ 1,464.00     $ 2,489.00     $ 5,236.00
EQ/AllianceBernstein Quality Bond              $ 438.00     $ 1,346.00     $ 2,298.00     $ 4,886.00
EQ/AllianceBernstein Small Cap Growth          $ 463.00     $ 1,420.00     $ 2,417.00     $ 5,105.00
EQ/AllianceBernstein Value                     $ 448.00     $ 1,375.00     $ 2,344.00     $ 4,972.00
EQ/Ariel Appreciation II                       $ 506.00     $ 1,543.00     $ 2,616.00     $ 5,465.00
EQ/AXA Rosenberg Value Long/Short Equity       $ 678.00     $ 2,034.00     $ 3,389.00     $ 6,779.00
EQ/BlackRock Basic Value Equity*               $ 444.00     $ 1,362.00     $ 2,324.00     $ 4,934.00
EQ/BlackRock International Value*              $ 481.00     $ 1,470.00     $ 2,499.00     $ 5,255.00
EQ/Boston Advisors Equity Income               $ 467.00     $ 1,429.00     $ 2,432.00     $ 5,133.00
EQ/Calvert Socially Responsible                $ 467.00     $ 1,429.00     $ 2,432.00     $ 5,133.00
EQ/Capital Guardian Growth                     $ 457.00     $ 1,400.00     $ 2,386.00     $ 5,048.00
EQ/Capital Guardian International+             $ 482.00     $ 1,474.00     $ 2,504.00     $ 5,264.00
EQ/Capital Guardian Research                   $ 454.00     $ 1,391.00     $ 2,370.00     $ 5,020.00
EQ/Capital Guardian U.S. Equity++              $ 454.00     $ 1,391.00     $ 2,370.00     $ 5,020.00
EQ/Caywood-Scholl High Yield Bond              $ 454.00     $ 1,391.00     $ 2,370.00     $ 5,020.00
EQ/Davis New York Venture                      $ 542.00     $ 1,647.00     $ 2,782.00     $ 5,758.00
EQ/Equity 500 Index                            $ 410.00     $ 1,263.00     $ 2,162.00     $ 4,632.00
EQ/Evergreen International Bond                $ 470.00     $ 1,439.00     $ 2,448.00     $ 5,162.00
- -------------------------------------------------------------------------------------------------------------



16 Fee table





- --------------------------------------------------------------------------------------------------------
                                              If you surrender your contract at the end of the appli-
                                                                 cable time period
 Portfolio Name                                  1 year        3 years        5 years        10 years
- --------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------------------
                                                                             
EQ/Evergreen Omega                          $ 1,262.00     $ 2,116.00     $ 3,012.00     $ 5,096.00
EQ/FI Mid Cap                               $ 1,259.00     $ 2,107.00     $ 2,996.00     $ 5,067.00
EQ/FI Mid Cap Value+                        $ 1,262.00     $ 2,116.00     $ 3,012.00     $ 5,096.00
EQ/Franklin Income                          $ 1,308.00     $ 2,250.00     $ 3,226.00     $ 5,483.00
EQ/Franklin Small Cap Value                 $ 1,485.00     $ 2,753.00     $ 4,018.00     $ 6,824.00
EQ/Franklin Templeton Founding Strategy**   $ 1,314.00     $ 2,265.00     $ 3,252.00     $ 5,528.00
EQ/GAMCO Mergers and Acquisitions           $ 1,303.00     $ 2,234.00     $ 3,201.00     $ 5,438.00
EQ/GAMCO Small Company Value                $ 1,269.00     $ 2,135.00     $ 3,043.00     $ 5,152.00
EQ/International Growth                     $ 1,299.00     $ 2,224.00     $ 3,186.00     $ 5,411.00
EQ/Janus Large Cap Growth++                 $ 1,283.00     $ 2,177.00     $ 3,109.00     $ 5,273.00
EQ/JPMorgan Core Bond                       $ 1,233.00     $ 2,030.00     $ 2,872.00     $ 4,838.00
EQ/JPMorgan Value Opportunities             $ 1,251.00     $ 2,084.00     $ 2,960.00     $ 5,001.00
EQ/Legg Mason Value Equity                  $ 1,263.00     $ 2,120.00     $ 3,017.00     $ 5,105.00
EQ/Long Term Bond                           $ 1,232.00     $ 2,027.00     $ 2,867.00     $ 4,828.00
EQ/Lord Abbett Growth and Income            $ 1,268.00     $ 2,132.00     $ 3,037.00     $ 5,143.00
EQ/Lord Abbett Large Cap Core               $ 1,284.00     $ 2,180.00     $ 3,114.00     $ 5,283.00
EQ/Lord Abbett Mid Cap Value                $ 1,264.00     $ 2,123.00     $ 3,022.00     $ 5,115.00
EQ/Marsico Focus                            $ 1,275.00     $ 2,155.00     $ 3,073.00     $ 5,208.00
EQ/MFS Emerging Growth Companies+           $ 1,256.00     $ 2,097.00     $ 2,981.00     $ 5,039.00
EQ/MFS Investors Trust+                     $ 1,251.00     $ 2,084.00     $ 2,960.00     $ 5,001.00
EQ/Money Market                             $ 1,220.00     $ 1,992.00     $ 2,809.00     $ 4,720.00
EQ/Montag & Caldwell Growth                 $ 1,268.00     $ 2,132.00     $ 3,037.00     $ 5,143.00
EQ/Mutual Shares                            $ 1,321.00     $ 2,288.00     $ 3,287.00     $ 5,591.00
EQ/Oppenheimer Global                       $ 1,415.00     $ 2,556.00     $ 3,712.00     $ 6,323.00
EQ/Oppenheimer Main Street Opportunity      $ 1,434.00     $ 2,609.00     $ 3,794.00     $ 6,459.00
EQ/Oppenheimer Main Street Small Cap        $ 1,428.00     $ 2,593.00     $ 3,770.00     $ 6,419.00
EQ/PIMCO Real Return                        $ 1,248.00     $ 2,075.00     $ 2,944.00     $ 4,972.00
EQ/Short Duration Bond                      $ 1,231.00     $ 2,024.00     $ 2,861.00     $ 4,818.00
EQ/Small Cap Value+                         $ 1,264.00     $ 2,123.00     $ 3,022.00     $ 5,115.00
EQ/Small Company Growth+                    $ 1,296.00     $ 2,215.00     $ 3,171.00     $ 5,384.00
EQ/Small Company Index                      $ 1,215.00     $ 1,976.00     $ 2,783.00     $ 4,671.00
EQ/TCW Equity++                             $ 1,273.00     $ 2,148.00     $ 3,063.00     $ 5,190.00
EQ/Templeton Growth                         $ 1,342.00     $ 2,347.00     $ 3,382.00     $ 5,758.00
EQ/UBS Growth and Income                    $ 1,269.00     $ 2,135.00     $ 3,043.00     $ 5,152.00
EQ/Van Kampen Comstock                      $ 1,260.00     $ 2,110.00     $ 3,001.00     $ 5,077.00
EQ/Van Kampen Emerging Markets Equity       $ 1,334.00     $ 2,325.00     $ 3,347.00     $ 5,697.00
EQ/Van Kampen Mid Cap Growth                $ 1,270.00     $ 2,139.00     $ 3,048.00     $ 5,162.00
EQ/Wells Fargo Montgomery Small Cap++       $ 1,306.00     $ 2,243.00     $ 3,216.00     $ 5,465.00
- --------------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- --------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 1,290.00     $ 2,196.00     $ 3,140.00     $ 5,329.00
- --------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------
                                                      If you annuitize at the end of the
                                             applicable time period and select a non-life contin-
                                            gent period certain annuity option with less than five
                                                                    years
- --------------------------------------------------------------------------------------------------
 Portfolio Name                               1 year      3 years        5 years        10 years
- --------------------------------------------------------------------------------------------------
                                                                        
 EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------------
EQ/Evergreen Omega                            N/A     $ 2,116.00     $ 3,012.00     $ 5,096.00
EQ/FI Mid Cap                                 N/A     $ 2,107.00     $ 2,996.00     $ 5,067.00
EQ/FI Mid Cap Value+                          N/A     $ 2,116.00     $ 3,012.00     $ 5,096.00
EQ/Franklin Income                            N/A     $ 2,250.00     $ 3,226.00     $ 5,483.00
EQ/Franklin Small Cap Value                   N/A     $ 2,753.00     $ 4,018.00     $ 6,824.00
EQ/Franklin Templeton Founding Strategy**     N/A     $ 2,265.00     $ 3,252.00     $ 5,528.00
EQ/GAMCO Mergers and Acquisitions             N/A     $ 2,234.00     $ 3,201.00     $ 5,438.00
EQ/GAMCO Small Company Value                  N/A     $ 2,135.00     $ 3,043.00     $ 5,152.00
EQ/International Growth                       N/A     $ 2,224.00     $ 3,186.00     $ 5,411.00
EQ/Janus Large Cap Growth++                   N/A     $ 2,177.00     $ 3,109.00     $ 5,273.00
EQ/JPMorgan Core Bond                         N/A     $ 2,030.00     $ 2,872.00     $ 4,838.00
EQ/JPMorgan Value Opportunities               N/A     $ 2,084.00     $ 2,960.00     $ 5,001.00
EQ/Legg Mason Value Equity                    N/A     $ 2,120.00     $ 3,017.00     $ 5,105.00
EQ/Long Term Bond                             N/A     $ 2,027.00     $ 2,867.00     $ 4,828.00
EQ/Lord Abbett Growth and Income              N/A     $ 2,132.00     $ 3,037.00     $ 5,143.00
EQ/Lord Abbett Large Cap Core                 N/A     $ 2,180.00     $ 3,114.00     $ 5,283.00
EQ/Lord Abbett Mid Cap Value                  N/A     $ 2,123.00     $ 3,022.00     $ 5,115.00
EQ/Marsico Focus                              N/A     $ 2,155.00     $ 3,073.00     $ 5,208.00
EQ/MFS Emerging Growth Companies+             N/A     $ 2,097.00     $ 2,981.00     $ 5,039.00
EQ/MFS Investors Trust+                       N/A     $ 2,084.00     $ 2,960.00     $ 5,001.00
EQ/Money Market                               N/A     $ 1,992.00     $ 2,809.00     $ 4,720.00
EQ/Montag & Caldwell Growth                   N/A     $ 2,132.00     $ 3,037.00     $ 5,143.00
EQ/Mutual Shares                              N/A     $ 2,288.00     $ 3,287.00     $ 5,591.00
EQ/Oppenheimer Global                         N/A     $ 2,556.00     $ 3,712.00     $ 6,323.00
EQ/Oppenheimer Main Street Opportunity        N/A     $ 2,609.00     $ 3,794.00     $ 6,459.00
EQ/Oppenheimer Main Street Small Cap          N/A     $ 2,593.00     $ 3,770.00     $ 6,419.00
EQ/PIMCO Real Return                          N/A     $ 2,075.00     $ 2,944.00     $ 4,972.00
EQ/Short Duration Bond                        N/A     $ 2,024.00     $ 2,861.00     $ 4,818.00
EQ/Small Cap Value+                           N/A     $ 2,123.00     $ 3,022.00     $ 5,115.00
EQ/Small Company Growth+                      N/A     $ 2,215.00     $ 3,171.00     $ 5,384.00
EQ/Small Company Index                        N/A     $ 1,976.00     $ 2,783.00     $ 4,671.00
EQ/TCW Equity++                               N/A     $ 2,148.00     $ 3,063.00     $ 5,190.00
EQ/Templeton Growth                           N/A     $ 2,347.00     $ 3,382.00     $ 5,758.00
EQ/UBS Growth and Income                      N/A     $ 2,135.00     $ 3,043.00     $ 5,152.00
EQ/Van Kampen Comstock                        N/A     $ 2,110.00     $ 3,001.00     $ 5,077.00
EQ/Van Kampen Emerging Markets Equity         N/A     $ 2,325.00     $ 3,347.00     $ 5,697.00
EQ/Van Kampen Mid Cap Growth                  N/A     $ 2,139.00     $ 3,048.00     $ 5,162.00
EQ/Wells Fargo Montgomery Small Cap++         N/A     $ 2,243.00     $ 3,216.00     $ 5,465.00
- --------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- --------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                N/A     $ 2,196.00     $ 3,140.00     $ 5,329.00
- --------------------------------------------------------------------------------------------------



- -------------------------------------------------------------------------------------------------------------
                                               If you do not surrender your contract at the end of the
                                                           applicable time period
- -------------------------------------------------------------------------------------------------------------
 Portfolio Name                                  1 year       3 years        5 years        10 years
- -------------------------------------------------------------------------------------------------------------
                                                                               
 EQ ADVISORS TRUST:
- -------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega                              $ 462.00     $ 1,416.00     $ 2,412.00     $ 5,096.00
EQ/FI Mid Cap                                   $ 459.00     $ 1,407.00     $ 2,396.00     $ 5,067.00
EQ/FI Mid Cap Value+                            $ 462.00     $ 1,416.00     $ 2,412.00     $ 5,096.00
EQ/Franklin Income                              $ 508.00     $ 1,550.00     $ 2,626.00     $ 5,483.00
EQ/Franklin Small Cap Value                     $ 685.00     $ 2,053.00     $ 3,418.00     $ 6,824.00
EQ/Franklin Templeton Founding Strategy**       $ 514.00     $ 1,565.00     $ 2,652.00     $ 5,528.00
EQ/GAMCO Mergers and Acquisitions               $ 503.00     $ 1,534.00     $ 2,601.00     $ 5,438.00
EQ/GAMCO Small Company Value                    $ 469.00     $ 1,435.00     $ 2,443.00     $ 5,152.00
EQ/International Growth                         $ 499.00     $ 1,524.00     $ 2,586.00     $ 5,411.00
EQ/Janus Large Cap Growth++                     $ 483.00     $ 1,477.00     $ 2,509.00     $ 5,273.00
EQ/JPMorgan Core Bond                           $ 433.00     $ 1,330.00     $ 2,272.00     $ 4,838.00
EQ/JPMorgan Value Opportunities                 $ 451.00     $ 1,384.00     $ 2,360.00     $ 5,001.00
EQ/Legg Mason Value Equity                      $ 463.00     $ 1,420.00     $ 2,417.00     $ 5,105.00
EQ/Long Term Bond                               $ 432.00     $ 1,327.00     $ 2,267.00     $ 4,828.00
EQ/Lord Abbett Growth and Income                $ 468.00     $ 1,432.00     $ 2,437.00     $ 5,143.00
EQ/Lord Abbett Large Cap Core                   $ 484.00     $ 1,480.00     $ 2,514.00     $ 5,283.00
EQ/Lord Abbett Mid Cap Value                    $ 464.00     $ 1,423.00     $ 2,422.00     $ 5,115.00
EQ/Marsico Focus                                $ 475.00     $ 1,455.00     $ 2,473.00     $ 5,208.00
EQ/MFS Emerging Growth Companies+               $ 456.00     $ 1,397.00     $ 2,381.00     $ 5,039.00
EQ/MFS Investors Trust+                         $ 451.00     $ 1,384.00     $ 2,360.00     $ 5,001.00
EQ/Money Market                                 $ 420.00     $ 1,292.00     $ 2,209.00     $ 4,720.00
EQ/Montag & Caldwell Growth                     $ 468.00     $ 1,432.00     $ 2,437.00     $ 5,143.00
EQ/Mutual Shares                                $ 521.00     $ 1,588.00     $ 2,687.00     $ 5,591.00
EQ/Oppenheimer Global                           $ 615.00     $ 1,856.00     $ 3,112.00     $ 6,323.00
EQ/Oppenheimer Main Street Opportunity          $ 634.00     $ 1,909.00     $ 3,194.00     $ 6,459.00
EQ/Oppenheimer Main Street Small Cap            $ 628.00     $ 1,893.00     $ 3,170.00     $ 6,419.00
EQ/PIMCO Real Return                            $ 448.00     $ 1,375.00     $ 2,344.00     $ 4,972.00
EQ/Short Duration Bond                          $ 431.00     $ 1,324.00     $ 2,261.00     $ 4,818.00
EQ/Small Cap Value+                             $ 464.00     $ 1,423.00     $ 2,422.00     $ 5,115.00
EQ/Small Company Growth+                        $ 496.00     $ 1,515.00     $ 2,571.00     $ 5,384.00
EQ/Small Company Index                          $ 415.00     $ 1,276.00     $ 2,183.00     $ 4,671.00
EQ/TCW Equity++                                 $ 473.00     $ 1,448.00     $ 2,463.00     $ 5,190.00
EQ/Templeton Growth                             $ 542.00     $ 1,647.00     $ 2,782.00     $ 5,758.00
EQ/UBS Growth and Income                        $ 469.00     $ 1,435.00     $ 2,443.00     $ 5,152.00
EQ/Van Kampen Comstock                          $ 460.00     $ 1,410.00     $ 2,401.00     $ 5,077.00
EQ/Van Kampen Emerging Markets Equity           $ 534.00     $ 1,625.00     $ 2,747.00     $ 5,697.00
EQ/Van Kampen Mid Cap Growth                    $ 470.00     $ 1,439.00     $ 2,448.00     $ 5,162.00
EQ/Wells Fargo Montgomery Small Cap++           $ 506.00     $ 1,543.00     $ 2,616.00     $ 5,465.00
- -------------------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- -------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                  $ 490.00     $ 1,496.00     $ 2,540.00     $ 5,329.00
- -------------------------------------------------------------------------------------------------------------



                                                                    Fee table 17



*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits" later in this Prospectus for the investment
    option's former name.

**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.


+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this Portfolio.


For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


18 Fee table


CONDENSED FINANCIAL INFORMATION


Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


                                                                    Fee table 19


1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $10,000 for you
to purchase a contract. You may make additional contributions of at least $500
each for NQ, QP and Rollover TSA contracts and $50 each for IRA contracts,
subject to limitations noted below. The following table summarizes our rules
regarding contributions to your contract. Both the owner and the annuitant
named in the contract must meet the issue age requirements shown in the table,
and contributions are based on the age of the older of the original owner and
annuitant. Additional contributions may not be permitted in your state. Please
see Appendix VII later in this Prospectus to see if additional contributions
are permitted in your state.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000. We may also refuse to accept any contribution if
the sum of all contributions under all AXA Equitable annuity accumulation
contracts with the same owner or annuitant would then total more than
$2,500,000. We may waive these contribution limitations based on certain
criteria, including benefits that have been elected, issue age, the total
amount of contributions, variable investment option allocations and selling
broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.

- --------------------------------------------------------------------------------

THE "OWNER" IS THE PERSON WHO IS THE NAMED OWNER IN THE CONTRACT AND, IF AN
INDIVIDUAL, IS THE MEASURING LIFE FOR DETERMINING CONTRACT BENEFITS. THE
ANNUITANT IS THE PERSON WHO IS THE MEASURING LIFE FOR DETERMINING THE
CONTRACT'S MATURITY DATE. THE ANNUITANT IS NOT NECESSARILY THE CONTRACT OWNER.
WHERE THE OWNER OF A CONTRACT IS NON-NATURAL, THE ANNUITANT IS THE MEASURING
LIFE FOR DETERMINING CONTRACT BENEFITS.





                                              
- --------------------------------------------------------------------------------
                  Available for
                  owner and
                  annuitant       Minimum
 Contract type    issue ages      contributions
- --------------------------------------------------------------------------------
NQ               0 through 80     o $10,000 (initial)
                                  o $500 (additional)
                                  o $100 monthly and
                                    $300 quarterly under
                                    our automatic
                                    investment program
                                    (additional)


                                              
- ----------------------------------------------------------------------------------------
                                                    Limitations on
 Contract type    Source of contributions           contributions+
- ----------------------------------------------------------------------------------------
NQ               o After-tax money.                 o No additional contributions after
                                                      attainment of age 81 or, if later,
                 o Paid to us by check or transfer    the first contract date
                   of contract value in a tax-        anniversary.*
                   deferred exchange under
                   Section 1035 of the Internal
                   Revenue Code.



20 Contract features and benefits





- --------------------------------------------------------------------------------
                      Available for
                      owner and
                      annuitant         Minimum
 Contract type        issue ages        contributions
- --------------------------------------------------------------------------------
                                 
Rollover IRA          20 through 80     o $10,000 (initial)
                                        o $50 (additional)
- --------------------------------------------------------------------------------
Roth Conversion IRA   20 through 80     o $10,000 (initial)
                                        o $50 (additional)
- --------------------------------------------------------------------------------


- ---------------------------------------------------------------------------------------------
                                                          Limitations on
 Contract type         Source of contributions            contributions+
- ---------------------------------------------------------------------------------------------
                                                    
Rollover IRA          o Eligible rollover distributions   o No contributions after attain-
                        from TSA contracts or other         ment of age 81 or, if later, the
                        403(b) arrangements, qualified      first contract date anniversary.*
                        plans, and governmental
                        employer 457(b) plans.            o Contributions after age 70-1/2
                                                            must be net of required mini-
                      o Rollovers from another tradi-       mum distributions.
                        tional individual retirement
                        arrangement.                      o Although we accept regular IRA
                                                            contributions (limited to $4,000
                      o Direct custodian-to-custodian       for 2007 and $5,000 for 2008)
                        transfers from another tradi-       under Rollover IRA contracts, we
                        tional individual retirement        intend that this contract be used
                        arrangement.                        primarily for rollover and direct
                                                            transfer contributions.

                      o Regular IRA contributions.        o Additional catch-up contribu-
                                                            tions of up to $1,000 per
                      o Additional "catch-up" contri-       calendar year where the owner
                        butions.                            is at least age 50 but under age
                                                            70-1/2 at any time during the
                                                            calendar year for which the con-
                                                            tribution is made.
- ---------------------------------------------------------------------------------------------
Roth Conversion IRA   o Rollovers from another Roth       o No additional rollover or direct
                        IRA.                                transfer contributions after
                                                            attainment of age 81 or, if later,
                      o Rollovers from a "designated        the first contract date
                        Roth contribution account"          anniversary.*
                        under a 401(k) plan or 403(b)
                        arrangement.                      o Conversion rollovers after age
                                                            70-1/2 must be net of required
                      o Conversion rollovers from a         minimum distributions for the
                        traditional IRA.                    traditional IRA you are rolling
                                                            over.
                      o Direct transfers from another
                        Roth IRA.                         o You cannot roll over funds from
                                                            a traditional IRA if your adjusted
                      o Regular Roth IRA contribu-          gross income is $100,000 or
                         tions.                             more.

                      o Additional catch-up contribu-
                        tions.                            o Although we accept regular
                                                            Roth IRA contributions (limited
                                                            to $4,000 for 2007 and $5,000
                                                            for 2008) under the Roth IRA
                                                            contracts, we intend that this
                                                            contract be used primarily for
                                                            rollover and direct transfer
                                                            contributions.

                                                          o Additional catch-up contribu-
                                                            tions of up to $1,000 per
                                                            calendar year where the owner
                                                            is at least age 50 at any time
                                                            during the calendar year for
                                                            which the contribution is made.
- ---------------------------------------------------------------------------------------------



                                               Contract features and benefits 21





- ---------------------------------------------------------------------------------------------
                 Available for
                 owner and
                 annuitant        Minimum
- ---------------------------------------------------------------------------------------------
 Contract type   issue ages      contributions
                           
Rollover TSA     20 through 80    o $10,000 (initial)
                                  o $500 (additional)
- ---------------------------------------------------------------------------------------------
QP               20 through 70    o $10,000 (initial)
                                  o $500 (additional)

See Appendix II at the end of this Prospectus for a discussion of
purchase considerations of QP contracts.
- ---------------------------------------------------------------------------------------------


- ---------------------------------------------------------------------------------------------
                                                        Limitations on
 Contract type    Source of contributions               contributions+
- ---------------------------------------------------------------------------------------------
                                                  
Rollover TSA     o Direct transfers of pre-tax          o Additional rollover or direct
                   funds from another contract or         transfer contributions may be
                   arrangement under Section              made up to attainment of age
                   403(b) of the Internal Revenue         81 or, if later, the first contract
                   Code, complying with IRS Rev-          date anniversary.*
                   enue Ruling 90-24.
                                                        o Rollover or direct transfer contri-
                 o Eligible rollover distributions of     butions after age 70-1/2 must be
                   pre-tax funds from other               net of any required minimum
                   403(b) plans. Subsequent con-          distributions.
                   tributions may also be
                   rollovers from qualified plans,      o We do not accept employer-
                   governmental employer 457(b)           remitted contributions.
                   plans and traditional IRAs.
- ---------------------------------------------------------------------------------------------
QP               o Only transfer contributions          o A separate QP contract must be
                   from other investments within          established for each plan
                   an existing defined contribu-          participant.
                   tion qualified plan trust.
                                                        o We do not accept regular ongo-
                 o The plan must be qualified             ing payroll contributions or
                   under Section 401(a) of the            contributions directly from the
                   Internal Revenue Code.                 employer.

                 o For 401(k) plans, transferred        o Only one additional transfer
                   contributions may not include          contribution may be made dur-
                   any after-tax contributions,           ing a contract year.
                   including designated Roth
                   contributions.                       o No additional transfer contributions
                                                          after participant's attainment of age 71 or,
                                                          if later, the first contract date
                                                          anniversary.

                                                        o Contributions after age 70-1/2
                                                          must be net of any required
                                                          minimum distributions.

                                                        o We do not accept contributions
                                                          from defined benefit plans.

See Appendix II at the end of this Prospectus for a
discussion of purchase considerations of QP contracts.
- ---------------------------------------------------------------------------------------------



+   Additional contributions may not be permitted under certain conditions in
    your state. Please see Appendix VII later in the Prospectus to see if
    additional contributions are permit ted in your state. If you are
    participating in a Principal guarantee benefit, contributions will only be
    permitted for the first six months after the contract is issued and no
    further contributions will be permitted for the life of the contract. For
    the Guaranteed withdrawal benefit for life option, additional contributions
    are not permitted after the later of: (i) the end of the first contract
    year, and (ii) the date you make your first withdrawal.

*   Please see Appendix VII later in this Prospectus for state variations.

See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.

22 Contract features and benefits


OWNER AND ANNUITANT REQUIREMENTS


Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary. This contract is not available for purchase by
Charitable Remainder Trusts.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. We do
not permit joint annuitants unless you elect the Guaranteed withdrawal benefit
for life on a Joint life basis and the contract is owned by a non-natural
owner. Under QP contracts, all benefits are based on the age of the annuitant.

HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose. Additional contributions may also be made under our automatic
investment program. These methods of payment, including circumstances under
which such contributions are considered received by us when your order is taken
by such broker-dealer, are discussed in detail in "More information" later in
this Prospectus.

- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain that
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?


You can choose from among the variable investment options, the guaranteed
interest option and the fixed maturity options. If you elect the Guaranteed
withdrawal benefit for life or the 100% Principal guarantee benefit, your
investment options will be limited to the guaranteed interest option and the
following variable investment options: the AXA Allocation portfolios and the
EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").

If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option and the AXA Moderate Allocation
portfolio.


VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.

                                              Contract features and benefits  23


PORTFOLIOS OF THE TRUSTS


You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Plus(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors may include fees and expenses; the timing of
stock purchases and sales; differences in fund cash flows; and specific
strategies employed by the portfolio manager.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                 Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)             Objective                                               applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                   o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                   o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a      o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                            o AllianceBernstein L.P.
 EQUITY(1)                                                                            o ClearBridge Advisors, LLC
                                                                                      o Legg Mason Capital Management, Inc.
                                                                                      o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital  o BlackRock Financial Management, Inc.
                              appreciation, consistent with a prudent level of risk.  o Pacific Investment Management Company
                                                                                        LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                            o A I M Capital Management, Inc.
                                                                                      o RCM Capital Management LLC
                                                                                      o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current      o Pacific Investment Management Company
                              income and capital appreciation.                          LLC
                                                                                      o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                            o AllianceBernstein L.P.
 EQUITY(5)                                                                            o JPMorgan Investment Management Inc.
                                                                                      o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------



24 Contract features and benefits





- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
MULTIMANAGER LARGE CAP         Long-term growth of capital.                              o AllianceBernstein L.P.
 CORE EQUITY(6)                                                                          o Janus Capital Management LLC
                                                                                         o Thornburg Investment Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                              o RCM Capital Management LLC
 GROWTH(7)                                                                               o TCW Investment Management Company
                                                                                         o T. Rowe Price Associates, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                              o AllianceBernstein L.P.
 VALUE(8)                                                                                o Institutional Capital LLC
                                                                                         o MFS Investment Management
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                              o AllianceBernstein L.P.
 GROWTH(9)                                                                               o Franklin Advisers, Inc.
                                                                                         o Provident Investment Counsel, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                              o AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                               o TCW Investment Management Company
                                                                                         o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                              o Firsthand Capital Management, Inc.
                                                                                         o RCM Capital Management LLC
                                                                                         o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                        Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 MON STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                     o AllianceBernstein L.P.
 AND INCOME++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with      o AllianceBernstein L.P.
 MEDIATE GOVERNMENT            relative stability of principal.
 SECURITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 NATIONAL
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent with      o AllianceBernstein L.P.
 BOND                          moderate risk to capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.             o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                               o AllianceBernstein L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                     o Ariel Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         Seeks to increase value through bull markets and bear     o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY             markets using strategies that are designed to limit expo-
                               sure to general equity market risk.
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                     Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)            Objective                                                applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
EQ/BLACKROCK BASIC VALUE     Seeks capital appreciation and secondarily, income.      o BlackRock Investment Management, LLC
 EQUITY(12)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL   Seeks to provide current income and long-term growth of  o BlackRock Investment Management Interna-
 VALUE(13)                   income, accompanied by growth of capital.                  tional Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY    Seeks a combination of growth and income to achieve an   o Boston Advisors, LLC
 INCOME                      above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY          Seeks long-term capital appreciation.                    o Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                          o Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH   Seeks long-term growth of capital.                       o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN          To achieve long-term growth of capital.                  o Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN          Seeks to achieve long-term growth of capital.            o Capital Guardian Trust Company
 RESEARCH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.     Seeks to achieve long-term growth of capital.            o Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH       Seeks to maximize current income.                        o Caywood-Scholl Capital Management
 YIELD BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE    Seeks long-term growth of capital.                       o Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX          Seeks a total return before expenses that approximates   o AllianceBernstein L.P.
                             the total return performance of the S&P 500 Index,
                             including reinvestment of dividends, at a risk level
                             consistent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL   Seeks capital growth and current income.                 o Evergreen Investment Management
 BOND                                                                                   Company, LLC
                                                                                      o First International Fund Advisors (dba
                                                                                        "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA           Seeks long-term capital growth.                          o Evergreen Investment Management Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                Seeks long-term growth of capital.                       o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+         Seeks long-term capital appreciation.                    o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME           Seeks to maximize income while maintaining prospects     o Franklin Advisers, Inc.
                             for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE  Seeks long-term total return.                            o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON        Primarily seeks capital appreciation and secondarily     o AXA Equitable
 FOUNDING STRATEGY(**)       seeks income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND         Seeks to achieve capital appreciation.                   o GAMCO Asset Management Inc.
 ACQUISITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY       Seeks to maximize capital appreciation.                  o GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH      Seeks to achieve capital appreciation.                   o MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++  Seeks long-term growth of capital.                       o Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------



26 Contract features and benefits





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                            
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent with mod-  o JPMorgan Investment Management Inc.
                               erate risk to capital and maintenance of liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.                            o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                         o Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation          o BlackRock Financial Management, Inc.
                               through investment in long-maturity debt obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without          o Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with reason-     o Lord, Abbett & Co. LLC
 CORE                          able risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                      o Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                         o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.                 o MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary         o MFS Investment Management
                               objective to seek reasonable current income. For purposes
                               of this Portfolio, the words "reasonable current income"
                               mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve   o The Dreyfus Corporation
                               its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.                     o Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally be      o Franklin Mutual Advisers, LLC
                               short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.                                o OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.                      o OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.                                o OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation     o Pacific Investment Management Company,
                               of real capital and prudent investment management.           LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of principal  o BlackRock Financial Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.                                o Lazard Asset Management LLC
                                                                                          o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.                     o Bear Stearns Asset Management Inc.
                                                                                          o Eagle Asset Management, Inc.
                                                                                          o Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the      o AllianceBernstein L.P.
                               deduction of portfolio expenses) the total return of the
                               Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.           o TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 27





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                          Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                              
EQ/TEMPLETON GROWTH              Seeks long-term capital growth.                           o Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return through capital             o UBS Global Asset Management
                                 appreciation with income as a secondary consideration.      (Americas) Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.                                o Morgan Stanley Investment
                                                                                             Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING           Seeks long-term capital appreciation.                     o Morgan Stanley Investment
 MARKETS EQUITY                                                                              Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.                                           o Morgan Stanley Investment
 GROWTH                                                                                      Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.                     o Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                   Objective                                                  Investment Manager
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income and long-   o Van Kampen (is the name under which
                                 term capital appreciation by investing primarily in equity  Morgan Stanley Investment Management
                                 securities of companies in the U.S. real estate industry,   Inc. does business in certain
                                 including real estate investment trusts.                    situations)
- ------------------------------------------------------------------------------------------------------------------------------------



(*) This portfolio information reflects the portfolio's name change effective on
    or about May 29, 2007, subject to regulatory approval. The chart below
    reflects the portfolio's name in effect, until on or about May 29, 2007. The
    number in the "FN" column corresponds with the number contained in the table
    above.

- --------------------------------------------------------------------------------
 FN     Portfolio Name until May 29, 2007
- --------------------------------------------------------------------------------
(1)     AXA Premier VIP Aggressive Equity
- --------------------------------------------------------------------------------
(2)     AXA Premier VIP Core Bond
- --------------------------------------------------------------------------------
(3)     AXA Premier VIP Health Care
- --------------------------------------------------------------------------------
(4)     AXA Premier VIP High Yield
- --------------------------------------------------------------------------------
(5)     AXA Premier VIP International Equity
- --------------------------------------------------------------------------------
(6)     AXA Premier VIP Large Cap Core Equity
- --------------------------------------------------------------------------------
(7)     AXA Premier VIP Large Cap Growth
- --------------------------------------------------------------------------------
(8)     AXA Premier VIP Large Cap Value
- --------------------------------------------------------------------------------
(9)     AXA Premier VIP Mid Cap Growth
- --------------------------------------------------------------------------------
(10)    AXA Premier VIP Mid Cap Value
- --------------------------------------------------------------------------------
(11)    AXA Premier VIP Technology
- --------------------------------------------------------------------------------
(12)    EQ/Mercury Basic Value Equity
- --------------------------------------------------------------------------------
(13)    EQ/Mercury International Value
- --------------------------------------------------------------------------------

**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this Portfolio.

You should consider the investment objective, risks, and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the
Portfolios contain this and other important information about the Portfolios.
The prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may
call one of our customer service representatives at 1-800-789-7771.


28 Contract features and benefits


GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges and any optional benefit
charges. See Appendix VII later in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum
ranges from 1.00% to 3.00%. The data page for your contract shows the lifetime
minimum rate. Check with your financial professional as to which rate applies
in your state. The minimum yearly rate will never be less than the lifetime
minimum rate. The minimum yearly rate for 2007 is 3.00%. Current interest rates
will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers from the guaranteed
interest option.

FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers, even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VII later in this Prospectus to see
if fixed maturity options are available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options generally range from one to ten years to maturity.
- --------------------------------------------------------------------------------

On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Plus(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a) transfer the maturity value into another available fixed maturity option,
    any of the variable investment options or the guaranteed interest option; or

(b) withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available, we will transfer your maturity value to the
EQ/Money Market option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract, or when we make deductions for charges) from a
fixed maturity option before it matures we will make a market value adjustment,
which will increase or decrease any fixed maturity amount you have in that
fixed maturity option. A market value adjustment will also apply if amounts in
a fixed maturity option are used to purchase any annuity payment option prior
to the maturity date and may apply on payment of a death benefit. The market
value adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount
applied to an annuity payout option will reflect the application of any
applicable


                                              Contract features and benefits  29



market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:


(a) the difference between the rate to maturity that applies to the amount being
    withdrawn and the rate we have in effect at that time for new fixed maturity
    options (adjusted to reflect a similar maturity date), and

(b) the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.

ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options, guaranteed interest option (subject to restrictions in
certain states - see Appendix VII later in this Prospectus for state
variations) and fixed maturity options. Allocations must be in whole
percentages and you may change your allocations at any time. No more than 25%
of any contribution may be allocated to the guaranteed interest option. The
total of your allocations into all available investment options must equal
100%. If an owner or an annuitant is age 76-80, you may allocate contributions
to fixed maturity options with maturities of seven years or less. If an owner
or annuitant is age 81 or older, you may allocate contributions to fixed
maturity options with maturities of five years or less. Also you may not
allocate amounts to fixed maturity options with maturity dates that are later
than the date annuity payments are to begin.

DOLLAR COST AVERAGING


We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit's value is low and fewer units if the unit's value is high. Therefore, you
may get a lower average cost per unit over the long term. This plan of
investing, however, does not guarantee that you will earn a profit or be
protected against losses. You may not make transfers to the fixed maturity
options or guaranteed interest option.


- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The dollar cost averaging program will then end. You may
change the transfer amount once each contract year or cancel this program at
any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.

If you elect the Guaranteed withdrawal benefit for life, general dollar cost
averaging is not available.

INVESTMENT SIMPLIFIER


FIXED-DOLLAR OPTION.  Under this option, you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.


30  Contract features and benefits


In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. The fixed-dollar option is subject to the guaranteed
interest option transfer limitations described under "Transferring your account
value" in "Transferring your money among investment options" later in this
Prospectus. While the program is running, any transfer that exceeds those
limitations will cause the program to end for that contract year. You will be
notified. You must send in a request form to resume the program in the next or
subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.


INTEREST SWEEP OPTION. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. The transfer date
will be the last business day of the month. The amount we will transfer will be
the interest credited to amounts you have in the guaranteed interest option
from the last business day of the prior month to the last business day of the
current month. You must have at least $7,500 in the guaranteed interest option
on the date we receive your election. We will automatically cancel the interest
sweep program if the amount in the guaranteed interest option is less than
$7,500 on the last day of the month for two months in a row. For the interest
sweep option, the first monthly transfer will occur on the last business day of
the month following the month that we receive your election form at our
processing office.

                      ----------------------------------

You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program you may participate in any of the dollar cost averaging
programs except general dollar cost averaging. You may only participate in one
dollar cost averaging program at a time. See "Transferring your money among
investment options" later in this Prospectus. Also, for information on how the
dollar cost averaging program you select may affect certain guaranteed benefits
see "Guaranteed minimum death benefit and Guaranteed minimum income benefit
base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states. See Appendix VII later in this
Prospectus for more information on state availability.


CREDITS
A credit will also be allocated to your account value at the same time that we
allocate your contribution. Credits are allocated to the same investment
options based on the same percentages used to allocate your contributions. The
credit amounts attributable to your contributions are not included for purposes
of calculating any of the guaranteed benefits.
The amount of the credit will be 4%, 4.5% or 5% of each contribution based on
the following breakpoints and rules:


- --------------------------------------------------------------------------------
                                         Credit percentage
   First year total contributions           applied to
            Breakpoints                    contributions
- --------------------------------------------------------------------------------
Less than $500,000                              4%
$500,000-$999,999.99                           4.5%
$1 million or more                              5%
- --------------------------------------------------------------------------------



The percentage of the credit is based on your total first year contributions.
If you purchase a Principal guarantee benefit, you may not make additional
contributions after the first six months. This credit percentage will be
credited to your initial contribution and each additional contribution made in
the first contract year (after adjustment as described below), as well as those
in the second and later contract years. The credit will apply to additional
contributions only to the extent that the sum of that contribution and prior
contributions to which no credit was applied exceeds the total withdrawals made
from the contract since the issue date.


Although the credit, as adjusted at the end of the first contract year, will be
based upon first year total contributions, the following rules affect the
percentage with which contributions made in the first contract year are
credited during the first contract year:

o  Indication of intent: If you indicate in the application at the time you
   purchase your contract an intention to make additional contributions to meet
   one of the breakpoints (the "Expected First Year Contribution Amount") and
   your initial contribution is at least 50% of the Expected First Year
   Contribution Amount, your credit percentage will be as follows:


     o   For any contributions resulting in total contributions to date less
         than or equal to your Expected First Year Contribution Amount, the
         credit percentage will be the percentage that applies to the Expected
         First Year Contribution Amount based on the table above.

     o   For any subsequent contribution that results in your total contri
         butions to date exceeding your Expected First Year Contribution Amount,
         such that the credit percentage should have been higher, we will
         increase the credit percentage applied to that contribution, as well as
         any prior or subsequent contributions made in the first contract year,
         accordingly.

     o   If at the end of the first contract year your total contributions were
         lower than your Expected First Year Contribution Amount such that the
         credit applied should have been lower, we will recover any Excess
         Credit. The Excess Credit is equal to the difference between the credit
         that was actually applied based on your Expected First Year
         Contribution Amount (as applicable) and the credit that should have
         been applied based on first year total contributions.

                                              Contract features and benefits  31


     o   The "Indication of intent" approach to first year contributions is o
         not available in all states. Please see Appendix VII later in this
         Prospectus for information on state availability.

o  No indication of intent:

     o   For your initial contribution (if available in your state) we will
         apply the credit percentage based upon the above table.

     o   For any subsequent contribution that results in a higher appli cable
         credit percentage (based on total contributions to date), we will
         increase the credit percentage applied to that contribution, as well as
         any prior or subsequent contributions made in the first contract year,
         accordingly.

In addition to the recovery of any Excess Credit, we will recover all of the
credit or a portion of the credit in the following situations:


o  If you exercise your right to cancel the contract, we will recover the entire
   credit made to your contract (see "Your right to cancel within a certain
   number of days" later in this Prospectus).


o  If you start receiving annuity payments within three years of making any
   contribution, we will recover the credit that applies to any contribution
   made within the prior three years. Please see Appendix VII later in this
   Prospectus for information on state variations.


o  If the owner (or older joint owner, if applicable) dies during the one-year
   period following our receipt of a contribution to which a credit was applied,
   we will recover the amount of such Credit. For Joint life GWBL contracts, we
   will only recover the credit if the second owner dies within the one-year
   period following a contribution.

We will recover any credit on a pro rata basis from the value in your variable
investment options and guaranteed interest option. If there is insufficient
value or no value in the variable investment options and guaranteed interest
option, any additional amount of the withdrawal required or the total amount of
the withdrawal will be withdrawn from the fixed maturity options in order of
the earliest maturing date(s). A market value adjustment may apply to
withdrawals from the fixed maturity options.


We do not consider credits to be contributions for purposes of any discussion
in this Prospectus. Credits are also not considered to be part of your
investment in the contract for tax purposes.

We use a portion of the mortality and expense risks charge and withdrawal
charge to help recover our cost of providing the credit. See "Charges and
expenses" later in this Prospectus. The charge associated with the credit may,
over time, exceed the sum of the credit and any related earnings. You should
consider this possibility before purchasing the contract.

GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits, as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.

STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less


o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money" and
   the section entitled "Charges and expenses" later in this Prospectus. The
   amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.


The effective annual roll-up rate credited to this benefit base is:

o  6% with respect to the variable investment options (other than
   EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market and
   EQ/Short Duration Bond) the effective annual rate may be 4% in some states.
   Please see Appendix VII later in this Prospectus to see what applies in your
   state; and

o  3% with respect to the EQ/AllianceBernstein Intermediate Government
   Securities, EQ/Money Market and EQ/Short Duration Bond, the fixed maturity
   options, the guaranteed interest option and the loan reserve account under
   Rollover TSA (if applicable).


The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday. For
contracts with non-natural owners, the benefit base stops rolling up after the
contract date anniversary following the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE


32  Contract features and benefits


GUARANTEED MINIMUM INCOME BENEFIT). Your benefit base is equal to the greater
of either:

o  your initial contribution to the contract and any additional contributions,

                                      or

o  your highest account value on any contract date anniversary up to the
   contract date anniversary following the annuitant's 85th birthday, plus any
   contributions made since the most recent annual ratchet,


                                      less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of the deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
   death benefit and Principal guarantee benefits" in "Accessing your money"
   later in this Prospectus. The amount of any withdrawal charge is described
   under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's age.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is equal
to the greater of the benefit base computed for the 6% Roll-Up to age 85 or the
benefit base computed for the Annual Ratchet to age 85, as described
immediately above, on each contract date anniversary. For the Guaranteed
minimum income benefit, the benefit base is reduced by any applicable
withdrawal charge remaining when the option is exercised. For more information,
see "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

In Washington a different roll-up rate applies to the Greater of 6% Roll-Up to
age 85 or Annual Ratchet to age 85 enhanced death benefit. See Appendix VII
later in this Prospectus.

GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET. If both the Guaranteed minimum income benefit AND the
Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death
benefit (the "Greater of enhanced death benefit") are elected, you may reset
the Roll-Up benefit base for these guaranteed benefits to equal the account
value as of the 5th or later contract date anniversary. The reset amount would
equal the account value as of the contract date anniversary on which you reset
your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.


We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
for five years. If after your death your spouse continues this contract, the
benefit base will be eligible to be reset either five years from the contract
date or from the last reset date, if applicable. The last age at which the
benefit base is eligible to be reset is owner (or older joint owner, if
applicable) age 75. For contracts with non-natural owners, reset eligibility is
based on the annuitant's age.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of reset; you may not exercise until the tenth contract date
anniversary following the reset. See "Exercise rules" under "Guaranteed minimum
income benefit option" below for more information. Please note that in almost
all cases, resetting your Roll-Up benefit base will lengthen the exercise
waiting period. Also, even when there is no additional charge when you reset
your Roll-Up benefit base, the total dollar amount charged on future contract
date anniversaries may increase as a result of the reset since the charges may
be applied to a higher benefit base than would have been otherwise applied. See
"Charges and expenses" in the Prospectus.

If you are a traditional IRA, TSA or QP contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required minimum
distributions with respect to this contract. If you must begin taking lifetime
required minimum distributions during the 10-year waiting period, you may want
to consider taking the annual lifetime required minimum distribution calculated
for this contract from another traditional IRA, TSA or QP contract that you
maintain. If you withdraw the lifetime required minimum distribution from this
contract, and the required minimum distribution is more than 6% of the reset
benefit base, the withdrawal would cause a pro-rata reduction in the benefit
base. Alternatively, resetting the benefit base to a larger amount would make
it less likely that the required minimum distributions would exceed the 6%
threshold. See "Lifetime required minimum distribution withdrawals" and "How
withdrawals affect your Guaranteed minimum income benefit and Guaranteed
minimum death benefit" in "Accessing your money." Also, see "Required minimum
distributions" under "Individual retirement arrangements (IRAs)" and
"Tax-sheltered annuity contracts (TSAs)" in "Tax information" and Appendix II
- -- "Purchase considerations for QP Contracts," later in this Prospectus.

The Roll-Up benefit base for both the "Greater of" enhanced death benefit and
the Guaranteed minimum income benefit are reset simultaneously when you request
a Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed under "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
under "Your annuity payout options" in "Accessing your money" later in this
Prospectus. Annuity purchase factors are based on interest rates, mortality
tables, frequency of payments, the form of annuity benefit, and the owner's
(and any joint owner's) age and sex in certain instances. Your contract
specifies different guaranteed annuity purchase factors for the Guaranteed
minimum income benefit and the annuity payout options. We may provide more
favorable current annuity purchase factors for the annuity payout options but
we will always use the guaranteed purchase factors to determine your periodic
payments under the Guaranteed minimum income benefit.

                                              Contract features and benefits  33


GUARANTEED MINIMUM INCOME BENEFIT OPTION


The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly
owned, the Guaranteed minimum income benefit will be calculated on the basis of
the older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.


This feature is not available if you elect a Principal guarantee benefit or the
Guaranteed withdrawal benefit for life. If the owner was older than age 60 at
the time an IRA, QP or Rollover TSA contract was issued, the Guaranteed minimum
income benefit may not be an appropriate feature because the minimum
distributions required by tax law generally must begin before the Guaranteed
minimum income benefit can be exercised.

If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. You choose which of these payout options you want
and whether you want the option to be paid on a single or joint life basis at
the time you exercise your Guaranteed minimum income benefit. The maximum
period certain available under the life with a period certain payout option is
10 years. This period may be shorter, depending on the owner's age as follows:


- -------------------------------------------
              Level payments
- -------------------------------------------
                        Period certain
                            years
                    ----------------------
    Owner's age at
      exercise         IRAs         NQ
- ------------------- ------------ ---------
   75 and younger       10          10
         76              9          10
         77              8          10
         78              7          10
         79              7          10
         80              7          10
         81              7           9
         82              7           8
         83              7           7
         84              6           6
         85              5           5
- -------------------------------------------


We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit, should be regarded as a safety net only.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base less, any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit, you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. The guaranteed annuity purchase factors we use to determine
your payout annuity benefit under the Guaranteed minimum income benefit are
more conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic
payment under our standard payout annuity options. Therefore, even if your
account value is less than your benefit base, you may generate more income by
applying your account value to current annuity purchase factors. We will make
this comparison for you when the need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE".  In general, if your
account value falls to zero (except as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year or in the first contract year, all contributions received in the
first 90 days), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o  You will be issued a supplementary contract based on a single life with a
   maximum 10 year period certain. Payments will be made annually starting one
   year from the date the account value fell to zero.

o  You will have 30 days from when we notify you to change the payout option
   and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

34  Contract features and benefits


The no lapse guarantee will terminate under the following circumstances:

o  If your account value falls to zero due to a withdrawal that causes your
   total contract year withdrawals to exceed 6% of the Roll-Up benefit base (as
   of the beginning of the contract year);

o  If your aggregate withdrawals during any contract year exceed 6% of the
   Roll-Up benefit base (as of the beginning of the contract year or in the
   first contract year, all contributions received in the first 90 days);

o  Upon owner (or older joint owner, if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to
terminate even if a withdrawal causes your total contract year withdrawals to
exceed 6% of your Roll-Up benefit base.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options or the loan reserve account under Rollover TSA
contracts.

- --------------------------------------------------------------------------------
                                Guaranteed minimum
      Contract date        income benefit -- annual
 anniversary at exercise   income payable for life
- --------------------------------------------------------------------------------
            10                      $11,891
            15                      $18,597
- --------------------------------------------------------------------------------

EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us
along with all required information within 30 days following your contract date
anniversary in order to exercise this benefit. Upon exercise of the Guaranteed
minimum income benefit, the owner will become the annuitant, and the contract
will be annuitized on the basis of the owner's life. You will begin receiving
annual payments one year after the annuity payout contract is issued. If you
choose monthly or quarterly payments, you will receive your payment one month
or one quarter after the annuity payment contract is issued. You may choose to
take a withdrawal prior to exercising the Guaranteed minimum income benefit,
which will reduce your payments. You may not partially exercise this benefit.
See "Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death, or if later, the end of the period certain
(where the payout option chosen includes a period certain).

EXERCISE RULES.  Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner's, if applicable) age, as
follows:

o  If you were at least age 20 and no older than age 44 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   15th contract date anniversary.

o  If you were at least age 45 and no older than age 49 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary after age 60.

o  If you were at least age 50 and no older than age 75 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   10th contract date anniversary.

Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit is
      within 30 days following the contract date anniversary following your 85th
      birthday;

(ii)  if you were age 75 when the contract was issued or the Roll-Up benefit
      base was reset, the only time you may exercise the Guaranteed minimum
      income benefit is within 30 days following the contract date anniversary
      following your attainment of age 85;


(iii) for Accumulator(R) Plus(SM) QP contracts, the Plan participant can
      exercise the Guaranteed minimum income benefit only if he or she elects to
      take a distribution from the Plan and, in connection with this
      distribution, the Plan's trustee changes the ownership of the contract to
      the participant. This effects a rollover of the Accumulator(R) Plus(SM) QP
      contract into an Accumulator(R) Plus(SM) Rollover IRA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for the Plan participant to be eligible to exercise,
      However, if the Guaranteed minimum income benefit is automatically
      exercised as a result of the no lapse guarantee, a rollover into an IRA
      will not be effected and payments will be made directly to the trustee;


(iv)  for Accumulator(R) Plus(SM) Rollover TSA contracts, you may exercise the
      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Plus(SM) Rollover IRA. This may only occur
      when you are eligible for a distribution from the TSA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise;


(v)   if you reset the Roll-Up benefit base (as described earlier in this
      section), your new exercise date will be the tenth contract date
      anniversary following the reset or, if later, the earliest date you would
      have been permitted to exercise without regard to the reset. Please note
      that in almost all cases, resetting your Roll-Up benefit base will
      lengthen the waiting period;


(vi)  a spouse beneficiary or younger spouse joint owner under Spousal
      continuation may only continue the Guaranteed minimum income benefit if
      the contract is not past the last date on which

                                              Contract features and benefits  35


      the original owner could have exercised the benefit. In addition, the
      spouse beneficiary or younger spouse joint owner must be eligible to
      continue the benefit and to exercise the benefit under the applicable
      exercise rule (described in the above bullets) using the following
      additional rules. The spouse beneficiary or younger spouse joint owner's
      age on the date of the owner's death replaces the owner's age at issue for
      purposes of determining the availability of the benefit and which of the
      exercise rules applies. The original contract issue date will continue to
      apply for purposes of the exercise rules.

(vii) if the contract is jointly owned, you can elect to have the Guaranteed
      minimum income benefit paid either: (a) as a joint life benefit or (b) as
      a single life benefit paid on the basis of the older owner's age; and

(viii) if the contract is owned by a trust or other non-natural person,
      eligibility to elect or exercise the Guaranteed minimum income benefit is
      based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions adjusted for any withdrawals (and associated withdrawal charges).
The standard death benefit is the only death benefit available for owners (or
older joint owners, if applicable) ages 76 to 80 at issue. Once your contract
is issued, you may not change or voluntarily terminate your death benefit.


If you elect one of the enhanced death benefits (not including the GWBL
Enhanced death benefit), the death benefit is equal to your account value
(without adjustment for any otherwise applicable negative market value
adjustment) as of the date we receive satisfactory proof of the owner's (or
older joint owner's, if applicable) death, any required instructions for the
method of payment, information and forms necessary to effect payment, or your
elected enhanced death benefit on the date of the owner's (or older joint
owner's, if applicable) death adjusted for any subsequent withdrawals (and
associated withdrawal charges) whichever provides the higher amount. See
"Payment of death benefit" later in this Prospectus for more information.


Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. For
contracts with non-natural owners, the death benefit will be payable upon the
death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

If the owner (or older joint owner, if applicable) dies during the one-year
period following our receipt of a contribution, the account value used to
calculate the applicable guaranteed minimum death benefit will not reflect any
Credits applied in the one-year period prior to death. For Joint life GWBL
contracts, we will only recover the credit if the second owner dies within the
one-year period following a contribution.

OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA AND ROLLOVER TSA CONTRACTS; AND 20 THROUGH
70 AT ISSUE OF QP CONTRACTS. FOR CONTRACTS WITH NON-NATURAL OWNERS, THE
AVAILABLE DEATH BENEFITS ARE BASED ON THE ANNUITANT'S AGE.

Subject to state availability (please see Appendix VII later in this Prospectus
for state availability of these benefits), you may elect one of the following
enhanced death benefits:

o   Annual Ratchet to age 85.


o   The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced minimum death benefit.

EARNINGS ENHANCEMENT BENEFIT

Subject to state and contract availability (please see Appendix VII later in
this Prospectus for state availability of these benefits), if you are
purchasing a contract, under which the Earnings enhancement benefit is
available, you may elect the Earnings enhancement benefit at the time you
purchase your contract. The Earnings enhancement benefit

36  Contract features and benefits



provides an additional death benefit as described below. See the appropriate
part of "Tax information" later in this Prospectus for the potential tax
consequences of electing to purchase the Earnings enhancement benefit in an NQ,
IRA or Rollover TSA contract. Once you purchase the Earnings enhancement
benefit, you may not voluntarily terminate the feature. If you elect the
Guaranteed withdrawal benefit for life the Earnings enhancement benefit is not
available.


If you elect the Earnings enhancement benefit described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

o   the account value or

o   any applicable death benefit

decreased by:

o   total net contributions


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions"
are reduced by the amount of that excess. Earnings enhancement benefit earnings
are equal to (a) minus (b) where (a) is the greater of the account value and
the death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals (credit amounts are not
included in "net contributions"); and (ii) "Death benefit" is equal to the
greater of the account value as of the date we receive satisfactory proof of
death or any applicable Guaranteed minimum death benefit as of the date of
death.


For purposes of calculating your Earnings enhancement benefit, if any
contributions are made in the one-year period prior to death of the owner (or
older joint owner, if applicable), the account value will not include any
Credits applied in the one-year period prior to death.

If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o   the account value or

o   any applicable death benefit

decreased by:

o   total net contributions.

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns
age 80, except that the benefit will be reduced for withdrawals on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
the current account value that is being withdrawn and we reduce the benefit by
that percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is
$40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 X .40)
and the benefit after the withdrawal would be $24,000 ($40,000-$16,000).

For contracts with non-natural owners, your eligibility to elect the Earnings
enhancement benefit will be calculated based on the annuitant's age.

For an example of how the Earnings enhancement death benefit is calculated,
please see Appendix VI.

For contracts continued under Spousal continuation upon the death of the spouse
(or older spouse, in the case of jointly owned contracts), the account value
will be increased by the value of the Earnings enhancement death benefit as of
the date we receive due proof of death. The benefit will then be based on the
age of the surviving spouse as of the date of the deceased spouse's death for
the remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later
in this Prospectus for more information.

The Earnings enhancement benefit must be elected when the contract is first
issued; neither the owner nor the successor owner can add it subsequently. Ask
your financial professional or see Appendix VII later in this Prospectus to see
if this feature is available in your state.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit, the Earnings enhancement benefit or one of our
Principal guarantee benefits, described later in this Prospectus. You may elect
one of our automated payment plans or you may take partial withdrawals. All
withdrawals reduce your account value and Guaranteed minimum death benefit. See
"Accessing your money" later in this Prospectus. Your investment options will
be limited to the guaranteed interest option and the permitted variable
investment options.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).

                                              Contract features and benefits  37


For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.

For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no longer married, you may
either: (i) drop the joint annuitant or (ii) replace the original joint
annuitant with the annuitant's new spouse. This can only be done before the
first withdrawal. After the first withdrawal, the joint annuitant may be
dropped but cannot be replaced. If the joint annuitant is dropped after
withdrawals begin, the charge continues based on a Joint life basis. Joint
annuitants are not permitted under any other contracts.

Joint life QP and TSA contracts are not permitted.

The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o   You plan to take withdrawals in excess of your Guaranteed annual withdrawal
    amount because those withdrawals may significantly reduce or eliminate the
    value of the benefit (see "Effect of Excess withdrawals" below in this
    section);

o   You are interested in long term accumulation rather than taking withdrawals;

o   You are using the contract to fund a Rollover TSA or QP contract where
    withdrawal restrictions will apply; or

o   You plan to use it for withdrawals prior to age 59-1/2, as the taxable
    amount of the withdrawal will be includible in income and subject to an
    additional 10% federal income tax penalty, as discussed later in this
    Prospectus.

For traditional IRAs, TSA and QP contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.

GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o   Your GWBL benefit base increases by any subsequent contributions.


o   Your GWBL benefit base may be increased on each contract date anniversary,
    as described below under "Annual ratchet" and "5% deferral bonus."

o   Your GWBL benefit base is not reduced by withdrawals except those
    withdrawals that cause total withdrawal in contract year to exceed your
    Guaranteed annual withdrawal amount ("Excess withdrawal"). See "Effect of
    Excess withdrawals" below in this section.

GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. For contracts held by non-natural owners, the initial Applicable
percentage is based on the annuitant's age or on the younger annuitant's age,
if applicable, at the time of the first withdrawal. If your GWBL benefit base
ratchets, as described below in this section under "Annual ratchet," on any
contract date anniversary after you begin taking withdrawals, your Applicable
percentage may increase based on your attained age at the time of the ratchet.
The Applicable percentages are as follows:


- --------------------------------------------------------------------------------
 Age                             Applicable percentage
- --------------------------------------------------------------------------------
45-64                            4.0%
65-74                            5.0%
75-84                            6.0%
85 and older                     7.0%
- --------------------------------------------------------------------------------

We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.

Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual withdrawal amount, but all withdrawals are counted toward
your free withdrawal amount. See "Withdrawal charge" in "Charges and expenses"
later in this Prospectus.

EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount.

38  Contract features and benefits


If you make an Excess withdrawal, we will recalculate your GWBL benefit base
and the Guaranteed annual withdrawal amount, as follows:

      o   The GWBL benefit base is reset as of the date of the Excess withdrawal
          to equal the lesser of: (i) the GWBL benefit base immediately prior to
          the Excess withdrawal and (ii) the account value immediately following
          the Excess withdrawal.

      o   The Guaranteed annual withdrawal amount is recalculated to equal the
          Applicable percentage multiplied by the reset GWBL benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your
account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your GWBL benefit base is $100,000 and your account value
is $80,000 when you decide to begin taking withdrawals at age 65. Your
Guaranteed annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You
take an initial withdrawal of $8,000. Since your GWBL benefit base is
immediately reset to equal the lesser of your GWBL benefit base prior to the
Excess withdrawal ($100,000) and your account value immediately following the
Excess withdrawal ($80,000 minus $8,000), your GWBL benefit base is now
$72,000. In addition, your Guaranteed annual withdrawal amount is reduced to
$3,600 (5.0% of $72,000), instead of the original $5,000. See "How withdrawals
affect your GWBL and GWBL Guaranteed minimum death benefit" in "Accessing your
money" later in this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.


ANNUAL RATCHET

Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal will also be increased, if
applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.


5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.

SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.

GWBL GUARANTEED MINIMUM DEATH BENEFIT


There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-80, and (ii) the GWBL Enhanced death
benefit, which is available for an additional charge for owner issue ages
45-75. Please see Appendix VII later in this Prospectus to see if these
guaranteed death benefits are available in your state.


The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial
contribution and any additional contributions less a deduction that reflects
any withdrawals you make (see "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus).

                                              Contract features and benefits  39


The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:


      o   Your GWBL Enhanced death benefit base increases by any subsequent
          contribution;


      o   Your GWBL Enhanced death benefit base increases to equal your account
          value if your GWBL benefit base is ratcheted, as described above in
          this section;

      o   Your GWBL Enhanced death benefit base increases by any 5% deferral
          bonus, as described above in this section;

      o   Your GWBL Enhanced death benefit base decreases by an amount which
          reflects any withdrawals you make.

See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death benefit
" in "Accessing your money" later in this Prospectus.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death adjusted for
any subsequent withdrawals (and associated withdrawal charges), whichever
provides a higher amount. For more information, see "Withdrawal charge" in
"Charges and expenses" later in the Prospectus.


EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO


If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.


However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  Your Accumulator(R) Plus(SM) contract terminates and you will receive a
   supplementary life annuity contract setting forth your continuing benefits.
   The owner of the Accumulator(R) Plus(SM) contract will be the owner and
   annuitant. The successor owner, if applicable, will be the joint annuitant.
   If the owner is non-natural, the annuitant and joint annuitant, if
   applicable, will be the same as under your Accumulator(R) Plus(SM) contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.


o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual withdrawal amount for that contract year in a lump sum. Payment of the
   Guaranteed annual withdrawal amount will begin on the next contract date
   anniversary.


o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.

o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar for dollar basis
   as payments are made. If there is any remaining death benefit upon the death
   of the owner and successor owner, if applicable, we will pay it to the
   beneficiary.

o  The charge for the Guaranteed withdrawal benefit for life and the GWBL
   Enhanced death benefit will no longer apply.


o  If at the time of your death the Guaranteed annual withdrawal amount was
   being paid to you as a supplementary life annuity contract, your beneficiary
   may not elect the Beneficiary continuation option.


OTHER IMPORTANT CONSIDERATIONS


o  This benefit is not appropriate if you do not intend to take withdrawals
   prior to annuitization.


o  Amounts withdrawn in excess of your Guaranteed annual withdrawal amount may
   be subject to a withdrawal charge, if applicable, as described in "Charges
   and expenses" later in the Prospectus. In addition, all withdrawals count
   toward your free withdrawal amount for that contract year. Excess withdrawals
   can significantly reduce or completely eliminate the value of the GWBL and
   GWBL Enhanced death benefit. See "Effect of Excess withdrawals" above in this
   section and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
   death benefit" in "Accessing your money" later in this Prospectus.

o  Withdrawals are not considered as annuity payments for tax purposes, and may
   be subject to an additional 10% Federal income tax penalty before age 59-1/2.
   See "Tax information" later in this Prospectus.

o  All withdrawals reduce your account value and Guaranteed minimum death
   benefit. See "How withdrawals are taken from your account value" and "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing your
   money" later in this Prospectus.

o  If you withdraw less than the Guaranteed annual withdrawal amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   withdrawal amount in any subsequent year.

o  The GWBL benefit terminates if the contract is continued under the
   beneficiary continuation option or under the Spousal continuation feature if
   the spouse is not the successor owner.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual withdrawal amount, all benefits under
   the contract will terminate, including the GWBL benefit.

40  Contract features and benefits



o  If you transfer ownership of this contract, you terminate the GWBL benefit.
   See "Transfers of ownership, collateral assignments, loans and borrowing" in
   "More information" later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer and this
   contract without purchasing a withdrawal benefit.

o  For IRA, QP and TSA contracts, if you have to take a required minimum
   distribution ("RMD") and it is your first withdrawal under the contract, the
   RMD will be considered your "first withdrawal" for the purposes of
   establishing your GWBL Applicable percentage.


o  If you elect GWBL on a Joint life basis and subsequently get divorced, your
   divorce will not automatically terminate the contract. For both Joint life
   and Single life contracts, it is possible that the terms of your divorce
   decree could significantly reduce or completely eliminate the value of this
   benefit.


PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").

100% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 100%
Principal guarantee benefit is equal to your initial contribution and
additional permitted contributions, adjusted for withdrawals. The guaranteed
amount does not include any credits allocated to your contract.


Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option and the permitted variable investment
options.


125% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 125%
Principal guarantee benefit is equal to 125% of your initial contribution and
additional permitted contributions, adjusted for withdrawals. The guaranteed
amount does not include any credits allocated to your contract.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to
the allocation instructions for additional contributions we have on file. After
the benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to
the contract date anniversary following an owner's 80th birthday. If you elect
to reset the guaranteed amount, your benefit maturity date will be extended to
be the 10th contract date anniversary after the anniversary on which you reset
the guaranteed amount. This extension applies each time you reset the
guaranteed amount.

If you elect either PGB, you may not elect the Guaranteed minimum income
benefit, the Guaranteed withdrawal benefit for life, the systematic withdrawals
option or the substantially equal withdrawals option. If you purchase a PGB,
you may not make additional contributions to your contract after six months
from the contract issue date.

If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will
terminate your PGB and the charge. See "Non-spousal joint contract
continuation" in "Payment of death benefit" later in this Prospectus. The PGB
will terminate upon the exercise of the beneficiary continuation option. See
"Payment of death benefit" later in this Prospectus for more information about
the continuation of the contract after the death of the owner and/or the
annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your
contract beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only)
are not permitted under either PGB.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix VII to find out what
applies in your state.

                                              Contract features and benefits  41



Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification to cancel the contract and will reflect (i) any investment gain or
loss in the variable investment options (less the daily charges we deduct),
(ii) any guaranteed interest in the guaranteed interest option, and (iii) any
positive or negative market value adjustments in the fixed maturity options
through the date we receive your contract. Some states require that we refund
the full amount of your contribution (not reflecting (i), (ii) or (iii) above).
For any IRA contracts returned to us within seven days after you receive it, we
are required to refund the full amount of your contribution. Please note that
you will forfeit the credit by exercising this right of cancellation.


We may require that you wait six months before you may apply for a contract
with us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office or your financial professional can provide you with the
cancellation instructions.

42  Contract features and benefits


2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total value of the values you have in: (i) the
variable investment options; (ii) the guaranteed interest option; (iii) market
adjusted amounts in the fixed maturity options; and (iv) the loan reserve
account (applies for Rollover TSA contracts only).


Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value less: (i) the
total amount or a pro rata portion of the annual administrative charge as well
as any optional benefit charges; (ii) any applicable withdrawal charge; and
(iii) the amount of any outstanding loan plus accrued interest (applicable to
Rollover TSA contracts only). Please see "Surrendering your contract to receive
its cash value" in "Accessing your money" later in this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative, and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions plus the credit;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii) increased to reflect transfer into, or decreased to reflect transfer out
      of a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a Rollover TSA contract.


In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct
the annual administrative charge. A description of how unit values are
calculated is found in the SAI.


YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION


Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.


YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.

                      ----------------------------------

If you apply for this contract by electronic means, please see Appendix VII for
additional information.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.

See Appendix VII later in this Prospectus for any state variations with regard
to terminating your contract.

GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.

PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account
value is insufficient to pay charges, we will not terminate your contract if
you are participating in a PGB. Your contract will remain in force and we will
pay your guaranteed amount at the benefit maturity date.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to

                                           Determining your contract's value  43


a GWBL Excess withdrawal, we will terminate your contract and you will receive
no payment or supplementary life annuity contract, even if your GWBL benefit
base is greater than zero. If, however, your account value falls to zero,
either due to a withdrawal or surrender that is not a GWBL Excess withdrawal or
due to a deduction of charges the benefit will still have value. See "Contract
features and benefits" earlier in this Prospectus.

44  Determining your contract's value


3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE
At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the variable investment options,
subject to the following:


o     You may not transfer to a fixed maturity option that has a rate to
      maturity of 3%.

o     If an owner or annuitant is age 76-80, you must limit your transfers to
      fixed maturity options with maturities of seven years or less. If an owner
      or annuitant is age 81 or older, you must limit your transfers to fixed
      maturity options of five years or less. Also, the maturity dates may be no
      later than the date annuity payments are to begin.


o     If you make transfers out of a fixed maturity option other than at its
      maturity date, the transfer may cause a market value adjustment.

o     A transfer into the guaranteed interest option will not be permitted if
      such transfer would result in more than 25% of the account value being
      allocated to the guaranteed interest option, based on the account value as
      of the previous business day.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a) 25% of the amount you have in the guaranteed interest option on the last day
    of the prior contract year; or,

(b) the total of all amounts transferred at your request from the guaranteed
    interest option to any of the Investment options in the prior contract year;
    or,

(c) 25% of amounts transferred or allocated to the guaranteed interest option
    during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentages of your current account value to be
    transferred, and

(3) the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.

                            Transferring your money among investment options  45


We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows
you to rebalance your account value among the variable investment options.
Option II allows you to rebalance among the variable investment options and the
guaranteed interest option. Under both options, rebalancing is not available
for amounts you have allocated to the fixed maturity options.


In order to participate in one of our rebalancing programs, you must tell us:


(a) the percentage you want invested in each investment option (whole
    percentages only), and

(b) how often you want the rebalancing to occur (quarterly, semiannually, or
    annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer into or out of the guaranteed interest
option to initiate the rebalancing program will not

46  Transferring your money among investment options


be permitted if such transfer would violate these rules. If this occurs, the
rebalancing program will not go into effect.

You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.

If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.

                            Transferring your money among investment options  47


4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.

Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.


- --------------------------------------------------------------------------------
                                  Method of withdrawal
                   -------------------------------------------------------------
                                                                Lifetime
                                                               required
                                             Substantially     minimum
    Contract       Partial     Systematic        equal       distribution
- --------------------------------------------------------------------------------
NQ                  Yes           Yes             No              No
- --------------------------------------------------------------------------------
Rollover IRA        Yes           Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth Con-
 version IRA        Yes           Yes             Yes             No
- --------------------------------------------------------------------------------
Rollover
 TSA*               Yes           Yes             No             Yes
- --------------------------------------------------------------------------------
QP**                Yes           No              No             Yes
- --------------------------------------------------------------------------------


*   For some Rollover TSA contracts, your ability to take withdrawals, loans or
    surrender your contract may be limited. You must provide withdrawal
    restriction information when you apply for a contract. See "Tax Sheltered
    Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.


**  All payments are made to the Trust as the owner of the contract.


AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.


MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.


If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.

CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with any Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions). The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). Under Rollover TSA contracts, if a loan is
outstanding, you may only take partial withdrawals as long as the cash value
remaining after any withdrawal equals at least 10% of the outstanding loan plus
accrued interest.

Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.


SYSTEMATIC WITHDRAWALS
(All contracts except QP)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).

48  Accessing your money


You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. Systematic withdrawals are not available if you have elected a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life.


SUBSTANTIALLY EQUAL WITHDRAWALS
(All contracts except QP contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Once you begin to take substantially equal withdrawals, you should
not stop them or change the pattern of your withdrawals until after the later
of age 59-1/2 or five full years after the first withdrawal. If you stop or
change the withdrawals or take a partial withdrawal, you may be liable for the
10% federal tax penalty that would have otherwise been due on prior withdrawals
made under this option and for any interest on the delayed payment of the
penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.


Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge.

The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.

LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA and Rollover TSA and QP contracts only -- See "Tax information"
later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or Guaranteed minimum income benefit amounts
withdrawn from the contract to meet RMDs will reduce the benefit base and may
limit the utility of the benefit. Also, the actuarial present value of
additional contract benefits must be added to the account value in calculating
required minimum distribution withdrawals from annuity contracts funding
qualified plans, TSAs and IRAs, which could increase the amount required to be
withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if, when added to a partial
withdrawal previously taken in the same contract year, the minimum distribution
withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

                                                        Accessing your money  49


FOR CONTRACTS WITH GWBL.  Generally, if you elect our Automatic RMD service,
any lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.


If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any lump sum withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawals may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the
plan again at any time, but the scheduled payments will not resume until the
next contract date anniversary. Further, your GWBL benefit base and Guaranteed
annual withdrawal amount may be reduced. See "Effect of Excess Withdrawals" in
"Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT.  The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6% of the Roll- Up benefit base (as of the beginning of
the contract year or in the first contract year, all contributions received
within the first 90 days).


Owners of tax-qualified contracts (IRA, TSA and QP) generally should not reset
the Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/Guaranteed minimum income benefit Roll-Up benefit base reset." in
"Contract features and benefits" earlier in this Prospectus.


HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE


Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and the guaranteed interest option, any additional amount of
the withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options in the order of the earliest maturity date(s)
first. A market value adjustment will apply to withdrawals from the fixed
maturity options.


HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 X .40) and your new benefit after the withdrawal would be
$24,000 ($40,000-$16,000).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% Roll-Up to age 85 benefit base on a dollar-for-dollar basis,
as long as the sum of withdrawals in a contract year is 6% or less of the 6%
Roll-Up benefit base on the contract issue date or the most recent contract
date anniversary, if later. For this purpose, in the first contract year, all
contributions received in the first 90 days after contract issue will be
considered to have been received on the first day of the contract year. In
subsequent contract years, additional contributions made during the contract
year do not affect the amount of the withdrawals that can be taken on a
dollar-for-dollar basis in that contract year. Once a withdrawal is taken that
causes the sum of withdrawals in a contract year to exceed 6% of the benefit
base on the most recent anniversary, that entire withdrawal (including RMDs)
and any subsequent withdrawals in that same contract year will reduce the
benefit base pro rata. Reduction on a dollar-for-dollar basis means that your
6% Roll-Up to age 85 benefit base will be reduced by the dollar amount of the
withdrawal for each Guaranteed benefit. The Annual Ratchet to age 85 benefit
base will always be reduced on a pro rata basis.


HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT

Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the Guaranteed annual
withdrawal amount. Withdrawals that exceed the Guaranteed annual withdrawal
amount, however, can significantly reduce your benefit base and GWBL Guaranteed
annual withdrawal amount. For more information, see "Effect of Excess
withdrawals" and "Other important considerations" under "Our Guaranteed
withdrawal benefit for life ("GWBL") " in "Contract features and benefits"
earlier in this Prospectus.

50  Accessing your money



Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than
your account value (after the Excess withdrawal), we will further reduce your
GWBL Enhanced death benefit base to equal your account value.

For purposes of calculating your GWBL and GWBL Guaranteed minimum death benefit
amount, the amount of the excess withdrawal will include the withdrawal amount
paid to you and the amount of the withdrawal charge deducted from your account
value. For more information on calculation of the charge, see "Withdrawal
charge" later in the Prospectus.


WITHDRAWALS TREATED AS SURRENDERS

If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. In addition, we
have the right to pay the cash value and terminate this contract if no
contributions are made during the last three completed contract years, and the
account value is less than $500, or if you make a withdrawal that would result
in a cash value of less than $500. The rules in the preceding sentence do not
apply if the Guaranteed minimum income benefit no lapse guarantee is in effect
on your contract. See "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.

SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE.  We will not
treat a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life" in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subjected to ERISA, you
may only take a loan with the written consent of your spouse. If you elect the
GWBL option or a PGB, loans are not permitted. Your contract contains further
details of the loan provision. Please see Appendix VII later in this Prospectus
for any state restrictions you may be subject to if you take a loan from a
Rollover TSA contract. Also, see "Tax information" later in this Prospectus,
for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of the loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan, including any
    accrued but unpaid loan interest, will be deducted from the death benefit
    amounts).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT.  On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options and the guaranteed interest option. If those amounts are
insufficient, any additional amount of the loan will be subtracted from the
fixed maturity options in the order of the earliest maturity date(s) first. A
market value adjustment may apply.

For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%.

We will credit interest to the amount in the loan reserve account at a rate of
2% lower than the loan interest rate that applies for the time your loan is
outstanding. On each contract date anniversary after the date the loan is
processed, we will transfer the amount of interest earned in the loan reserve
account to the variable investment options on a pro rata basis. When you make a
loan repayment, unless you specify otherwise, we will transfer the dollar
amount of the loan repaid from the loan reserve account to the investment
options according to the allocation percentages we have on our records. Loan
repayments are not considered contributions and therefore are not eligible for
additional credits.


                                                        Accessing your money  51



The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.

SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE


You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts with non-natural owners while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions). For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.



All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable), if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6% of the Roll- Up benefit base (as of the beginning of the contract
year). For more information, please see "Insufficient account value" in
"Determining your contract value" and "the Guaranteed withdrawal benefit for
life" in "Contract features and benefits" earlier in this Prospectus.


You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal charge) and, upon surrender, payment of the cash
value. We may postpone such payments or applying proceeds for any period during
which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.


We can defer payment of any portion of your value in the guaranteed interest
option and fixed maturity options (other than for death benefits) for up to six
months while you are living. We also may defer payments for a reasonable amount
of time (not to exceed 10 days) while we are waiting for a contribution check
to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.


YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Plus(SM) provide for
conversion to payout status at or before the contract's "maturity date." This is
called annuitization. When your contract is annuitized, your Accumulator(R)
Plus(SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Plus(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may exercise
your benefit in accordance with its terms.


Your Accumulator(R) Plus(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VII later in this
Prospectus for variations that may apply to your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus for further information.

- --------------------------------------------------------------------------------
Fixed annuity payout options            Life annuity
                                        Life annuity with period
                                          certain
                                        Life annuity with refund
                                          certain
                                        Period certain annuity
- --------------------------------------------------------------------------------

52  Accessing your money



- --------------------------------------------------------------------------------
Variable Immediate Annuity             Life annuity
   payout options                      Life annuity with period
                                         certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options      Life annuity with period
   (available for owners and annu-       certain
   itants age 83 or less at contract   Period certain annuity
   issue)
- --------------------------------------------------------------------------------


o   Life annuity: An annuity that guarantees payments for the rest of the
    annuitant's life. Payments end with the last monthly payment before the
    annuitant's death. Because there is no continuation of benefits following
    the annuitant's death with this payout option, it provides the highest
    monthly payment of any of the life annuity options, so long as the annuitant
    is living.

o   Life annuity with period certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the end of a
    selected period of time ("period certain"), payments continue to the
    beneficiary for the balance of the period certain. The period certain cannot
    extend beyond the annuitant's life expectancy. A life annuity with a period
    certain is the form of annuity under the contracts that you will receive if
    you do not elect a different payout option. In this case, the period certain
    will be based on the annuitant's age and will not exceed 10 years.

o   Life annuity with refund certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the amount
    applied to purchase the annuity option has been recovered, payments to the
    beneficiary will continue until that amount has been recovered. This payout
    option is available only as a fixed annuity.

o   Period certain annuity: An annuity that guarantees payments for a specific
    period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
    not exceed the annuitant's life expectancy. This option does not guarantee
    payments for the rest of the annuitant's life. It does not permit any
    repayment of the unpaid principal, so you cannot elect to receive part of
    the payments as a single sum payment with the rest paid in monthly annuity
    payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life and, after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide you with details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisers Trust . The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.


INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your Accumulator(R) Plus(SM).

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) Plus(SM)
contract to an Income Manager(SM) payout annuity. In this case, we will consider
any amounts applied as a withdrawal from your Accumulator(R) Plus(SM). For the
tax consequences of withdrawals, see "Tax information" later in this
Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option, different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income Manager(SM) prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION


The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of your purchase as it
relates to any withdrawal charges. If amounts in a fixed maturity option are
used to purchase any annuity payout option prior to the maturity date, a market
value adjustment will apply.


                                                        Accessing your money  53


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your Accumulator(R) Plus(SM) is imposed
if you select a non-life contingent period certain payout annuity. If the period
certain is more than 5 years, then the withdrawal charge deducted will not
exceed 5% of the account value.

For the Income Manager(SM) payout life contingent options, no withdrawal charge
is imposed under the Accumulator(R) Plus(SM). If the withdrawal charge that
otherwise would have been applied to your account value under your
Accumulator(R) Plus(SM) is greater than 2% of the contributions that remain in
your contract at the time you purchase your payout option, the withdrawal
charges under the Income Manager(SM) will apply. The year in which your account
value is applied to the payout option will be "contract year 1."


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.


You can choose the date annuity payments begin from the Accumulator(R) Plus(SM)
contract. Generally, the date annuity payments begin may not be earlier than
five years (in a limited number of jurisdictions this requirement may be more
or less than 5 years) from the contract date. Please see Appendix VII later in
this Prospectus for information on state variations. Except with respect to
Income Manager(SM) annuity payout options, where payments are made on the 15th
day of each month, you can change the date your annuity payments are to begin
anytime before that date as long as you do not choose a date later than the
28th day of any month. Also, that date may not be later than the annuity
maturity date described below.

If you start receiving annuity payments within three years of making any
contribution, we will recover the credit that applies to any contribution made
within the prior three years. Please see Appendix VII later in this Prospectus
for information on state variations.

The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.


ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for
life," these payments will have the potential to increase with favorable
investment performance. Any remaining Guaranteed minimum death benefit value
will be transferred to the annuity payout contract as your "minimum death
benefit." If the enhanced death benefit had been elected, its value as of the
date the annuity payout contract is issued will become your minimum death
benefit, and it will no longer increase. The minimum death benefit will be
reduced dollar for dollar by each payment. If you die while there is any
minimum death benefit remaining, it will be paid to your beneficiary.


Please see Appendix VII later in this Prospectus for variations that may apply
in your state.

54  Accessing your money


5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS
We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o  A mortality and expense risks charge

o  An administrative charge

o  A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o  On each contract date anniversary -- an annual administrative charge, if
   applicable.

o  At the time you make certain withdrawals or surrender your contract -- a
   withdrawal charge.

o  On each contract date anniversary --a charge for each optional benefit that
   you elect: a death benefit (other than the Standard and GWBL Standard death
   benefit); the Guaranteed minimum income benefit; the Guaranteed withdrawal
   benefit for life; and the Earnings enhancement benefit.

o  On any contract date anniversary on which you are participating in a PGB -- a
   charge for a PGB.

o  At the time annuity payments are to begin -- charges designed to approximate
   certain taxes that may be imposed on us, such as premium taxes in your state.
   An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard death benefit. The daily charge is
equivalent to an annual rate of 0.95% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect. A portion of this charge also
compensates us for the contract credit. For a discussion of the credit, see
"Credits" in "Contract features and benefits" earlier in this Prospectus. We
expect to make a profit from this charge.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.35% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.25%
of the net assets in each variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (if available) in the order of the earliest

                                                        Charges and expenses  55



maturity date(s) first. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non life contingent
annuity payout option. For more information about the withdrawal charge if you
select an annuity payout option, see "Your annuity payout options -- The amount
applied to purchase an annuity payout option" in "Accessing your money" earlier
in the Prospectus. A portion of this charge also compensates us for the
contract credit. For a discussion of the credit, see "Credits" in "Contracts
features and benefits" earlier in this Prospectus. We expect to make a profit
from this charge.


The withdrawal charge equals a percentage of the contributions withdrawn. We do
not consider credits to be contributions. Therefore, there is no withdrawal
charge associated with a credit.

The percentage of the withdrawal charge that applies to each contribution
depends on how long each contribution has been invested in the contract. We
determine the withdrawal charge separately for each contribution according to
the following table:

- --------------------------------------------------------------------------------
                              Contract year
- --------------------------------------------------------------------------------
                    1     2     3     4     5     6     7     8    9+
- --------------------------------------------------------------------------------
   Percentage of
   contribution     8%    8%    7%    7%    6%    5%    4%    3%   0%
- --------------------------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1" and the withdrawal
charge is reduced or expires on each applicable contract date anniversary.
Amounts withdrawn up to the free withdrawal amount are not considered
withdrawals of any contribution. We also treat contributions that have been
invested the longest as being withdrawn first. We treat contributions as
withdrawn before earnings for purposes of calculating the withdrawal charge.
However, federal income tax rules treat earnings under your contract as
withdrawn first. See "Tax information" later in this Prospectus.


In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to the
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each variable investment option. The
withdrawal charge helps cover our sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.


The withdrawal charge does not apply in the circumstances described below.

10% FREE WITHDRAWAL AMOUNT. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase your 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.


CERTAIN WITHDRAWALS. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced
death benefit, the withdrawal charge will be waived for any withdrawal that,
together with any prior withdrawals made during the contract year, does not
exceed 6% of the beginning of contract year 6% Roll-Up to age 85 benefit base,
even if such withdrawals exceed the free withdrawal amount. Also, a withdrawal
charge does not apply to a withdrawal that exceeds 6% of the beginning of
contract year 6% Roll-Up to age 85 benefit base as long as it does not exceed
the free withdrawal amount. If your withdrawal exceeds the amount described
above, this waiver is not applicable to that withdrawal, or to any subsequent
withdrawal for the life of the contract.

If you elect the Guaranteed withdrawal benefit for life, we will waive any
withdrawal charge for any withdrawals during the contract year up to the
Guaranteed annual withdrawal amount, even if such withdrawals exceed the free
withdrawal amount. However, each withdrawal reduces the free withdrawal amount
for that contract year by the amount of the withdrawal. Also, a withdrawal
charge does not apply to a withdrawal that exceeds the Guaranteed annual
withdrawal amount as long as it does not exceed the free withdrawal amount.
Withdrawal charges, if applicable, are applied to the amount of the withdrawal
that exceeds both the free withdrawal amount and the Guaranteed annual
withdrawal amount.


DISABILITY, TERMINAL ILLNESS, OR CONFINEMENT TO NURSING HOME. The withdrawal
charge also does not apply if:

     (i)  An owner (or older joint owner, if applicable) has qualified to
          receive Social Security disability benefits as certified by the Social
          Security Administration; or

     (ii) We receive proof satisfactory to us (including certification by a
          licensed physician) that an owner's (or older joint owner's, if
          applicable) life expectancy is six months or less; or

     (iii) An owner (or older joint owner, if applicable) has been con-

56  Charges and expenses


          fined to a nursing home for more than 90 days (or such other period,
          as required in your state) as verified by a licensed physician. A
          nursing home for this purpose means one that is (a) approved by
          Medicare as a provider of skilled nursing care service, or (b)
          licensed as a skilled nursing home by the state or territory in which
          it is located (it must be within the United States, Puerto Rico, or
          U.S. Virgin Islands) and meets all of the following:

          -- its main function is to provide skilled, intermediate, or custodial
             nursing care;

          -- it provides continuous room and board to three or more persons;

          -- it is supervised by a registered nurse or licensed practical nurse;

          -- it keeps daily medical records of each patient;

          -- it controls and records all medications dispensed; and

          -- its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions as described in (i), (ii)
or (iii) above existed at the time a contribution was remitted or if the
condition that began within 12 months of the period following remittance. Some
states may not permit us to waive the withdrawal charge in the above
circumstances, or may limit the circumstances for which the withdrawal charge
may be waived. Your financial professional can provide more information or you
may contact our processing office.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.60% of the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85
benefit base.

GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.

We will deduct this charge from your value in the variable investment options
(or, if applicable, the permitted variable investment options) and the
guaranteed interest option on a pro rata basis (see Appendix VII later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state). If those amounts are still insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (if
applicable) in the order of the earliest maturity date(s) first. A market value
adjustment will apply to deductions from the fixed maturity options. If the
contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of
the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.

PRINCIPAL GUARANTEE BENEFITS CHARGE


If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee
benefit. We will continue to deduct the charge until your benefit maturity
date. We will deduct this charge from your value in the permitted variable
investment options and the guaranteed interest option (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option or the contract date anniversary after the annuitant reaches age
85, whichever occurs first. The charge is equal to 0.65% of the applicable
benefit base in effect on the contract date anniversary.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are still insufficient, we
will deduct all or a portion of the charge from the fixed maturity options in
the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

                                                        Charges and expenses  57


EARNINGS ENHANCEMENT BENEFIT CHARGE


If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary for which it is in effect.
The charge is equal to 0.35% of the account value on each contract date
anniversary. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option on a pro rata basis. If
those amounts are insufficient, we will deduct all or a portion of the charge
from the fixed maturity options in the order of the earliest maturity date(s)
first. If the contract is surrendered or annuitized or a death benefit is paid
on a date other than a contract date anniversary, we will deduct a pro rata
portion of the charge for that year. A market value adjustment will apply to
deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. We will
deduct this charge from your value in the permitted variable investment options
and the guaranteed interest option on a pro rata basis. (See Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state.) If the contract is surrendered or
annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the GWBL Single Life option is 0.75%. The maximum charge for
the Joint Life option is 0.90%. The increased charge, if any, will apply as of
the contract date anniversary on which your GWBL benefit base ratchets and on
all contract date anniversaries thereafter. We will permit you to opt out of
the ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time
to reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION
ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity payout option. This option may not be available at the time
you elect to annuitize or it may have a different charge.


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o  Management fees ranging from 0.05% to 1.40%.

o  12b-1 fees of either 0.25% or 0.35%.


o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian fees
   and liability insurance.

o  Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios").The underlying portfolios each have their own fees and
expenses, including management fees, operating expenses, and investment related
expenses such as brokerage commissions. For more information about these
charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to the 12b-1
fee. If permitted under the terms of our exemptive order regarding
Accumulator(R) Plus(SM) bonus feature, we may also change the crediting
percentage that applies to contributions. Group arrangements include those in
which a trustee or an employer, for example, purchases contracts covering a
group of individuals on a group basis. Group arrangements are not available for
Rollover IRA and Roth Conversion IRA contracts. Sponsored arrangements include
those in which an employer allows us to sell contracts to its employees or
retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

58  Charges and expenses


We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

                                                        Charges and expenses  59


6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In
a QP contract, the beneficiary must be the trustee. Where an NQ contract is
owned for the benefit of a minor pursuant to the Uniform Gift to Minors Act or
the Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit.
We determine the amount of the death benefit (other than the applicable
Guaranteed minimum death benefit) and any amount applicable under the Earnings
enhancement benefit, as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. The account value used to determine the
death benefit and the Earnings enhancement benefit will first be reduced by the
amount of any Credits applied in the one-year period prior to the owner's (or
older joint owner's, if applicable) death. The amount of the applicable
Guaranteed minimum death benefit will be such Guaranteed minimum death benefit
as of the date of the owner's (or older joint owner's, if applicable) death
adjusted for any subsequent withdrawals. For Rollover TSA contracts with
outstanding loans, we will reduce the amount of the death benefit by the amount
of the outstanding loan, including any accrued but unpaid interest on the date
that the death benefit payment is made.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.

EFFECT OF THE OWNER'S DEATH


In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death
of the annuitant. For Joint life contracts with GWBL, the death benefit is paid
to the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature or under our Beneficiary continuation option, as
discussed below. For contracts with non-spousal joint owners, the joint owner
will be able to continue the contract as a successor owner subject to the
limitations discussed below under "Non-spousal joint owner contract
continuation." If you are the sole owner and your spouse is the sole primary
beneficiary, your surviving spouse can continue the contract as a successor
owner as discussed below, under "Spousal continuation" or under our Beneficiary
continuation option, as discussed below.


If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require
payments of amounts under the contract to be made within five years of an
owner's death (the "5-year rule"). In certain cases, an individual beneficiary
or non-spousal surviving joint owner may opt to receive payments over his/her
life (or over a period not in excess of his/her life expectancy) if payments
commence within one year of the owner's death. Any such election must be made
in accordance with our rules at the time of death. If the beneficiary of a
contract with one owner or a younger non-spousal joint owner continues the
contract under the 5-year rule, in general, all guaranteed benefits and their
charges will end. If a PGB election is in effect upon your death with a benefit
maturity date of less than five years from the date of death, it will remain in
effect. For more information on non-spousal joint owner contract continuation,
see the section immediately below.

NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

60  Payment of death benefit


Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint owner within five
years. The surviving owner may instead elect to receive a life annuity,
provided payments begin within one year of the deceased owner's death. If the
life annuity is elected, the contract and all benefits terminate.

If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to
five years; or (4) continue the contract under the Beneficiary continuation
option. If any contributions are made during the one-year period prior to the
owner's death, the account value will first be reduced by any Credits applied
to any such contributions. If the contract continues, the Guaranteed minimum
death benefit and charge and the Guaranteed minimum income benefit and charge
will then be discontinued. Withdrawal charges will no longer apply, and no
additional contributions will be permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the Beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. Withdrawal charges will continue to apply and no additional
contributions will be permitted.

Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more
than five years from the date of death, we will terminate the benefit and the
charge.

SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your spouse, your spouse may elect to
continue the contract as successor owner upon your death. Spousal beneficiaries
(who are not also joint owners) must be 85 or younger as of the date of the
deceased spouse's death in order to continue the contract under Spousal
continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse
beneficiary (under a Single owner contract), may elect to receive the death
benefit or continue the contract, as follows:

o  As of the date we receive satisfactory proof of your death, any required
   instructions, information and forms necessary, we will increase the account
   value to equal the elected Guaranteed minimum death benefit as of the date of
   your death if such death benefit is greater than such account value, plus any
   amount applicable under the Earnings enhancement benefit , and adjusted for
   any subsequent withdrawals. If any contributions are made during the one-year
   period prior to the owner's death, the account value will first be reduced by
   any Credits applied to any such contributions. The increase in the account
   value will be allocated to the investment options according to the allocation
   percentages we have on file for your contract.

o  In general, withdrawal charges will no longer apply to contributions made
   before your death. Withdrawal charges will apply if additional contributions
   are made.

o  The applicable Guaranteed minimum death benefit option may continue as
   follows:

        o   If the surviving spouse is age 75 or younger on the date of your
            death, and you were age 84 or younger at death, the Guaranteed
            minimum death benefit you elected continues and will continue to
            grow according to its terms until the contract date anniversary
            following the date the surviving spouse reaches age 85.

        o   If the surviving spouse is age 75 or younger on the date of your
            death, and you were age 85 or older at death, we will reinstate the
            Guaranteed minimum death benefit you elected. The benefit base
            (which had previously been frozen at age 85) will now continue to
            grow according to its terms until the contract date anniversary
            following the date the surviving spouse reaches age 85.

        o   If the surviving spouse is age 76 or over on the date of your death,
            the Guaranteed minimum death benefit and charge will be
            discontinued.


        o   If the Guaranteed minimum death benefit continues, the Guaranteed
            minimum death benefit/Guaranteed minimum income benefit roll-up
            benefit base reset, if applicable, will be based on the surviving
            spouse's age at the time of your death. The next available reset
            will be based on the contract issue date or last reset, as
            applicable.

        o   For single owner contracts with the GWBL Enhanced death benefit, we
            will discontinue the benefit and charge. However, we will freeze the
            GWBL Enhanced death benefit benefit base as of the date of your
            death (less subsequent withdrawals), and pay it upon your spouse's
            death.

o   The Earnings enhancement benefit will be based on the surviving spouse's age
    at the date of the deceased spouse's death for the remainder of the life of
    the contract. If the benefit had been previously frozen because the older
    spouse had attained age 80, it will be reinstated if the surviving spouse is
    age 75 or younger. The benefit is then frozen on the contract date
    anniversary after the surviving spouse reaches age 80. If the surviving
    spouse is age 76 or older, the benefit and charge will be discontinued.

o   If elected, PGB continues and is based on the same benefit maturity date and
    guaranteed amount that was guaranteed.

o   The Guaranteed minimum income benefit may continue if the benefit had not
    already terminated and the benefit will be based on the surviving spouse's
    age at the date of the deceased spouse's death. See "Guaranteed minimum
    income benefit" in "Contract features and benefits" earlier in this
    Prospectus.

                                                    Payment of death benefit  61


o   If you elect the Guaranteed withdrawal benefit for life on a Joint life
    basis, the benefit and charge will remain in effect and no death benefit is
    payable until the death of the surviving spouse. Withdrawal charges will
    continue to apply to all contributions made prior to the deceased spouse's
    death. No additional contributions will be permitted. If you elect the
    Guaranteed withdrawal benefit for life on a Single life basis, the benefit
    and charge will terminate.

o   If the deceased spouse was the annuitant, the surviving spouse becomes the
    annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o   The Guaranteed minimum death benefit, the Earnings enhancement benefit and
    the Guaranteed minimum income benefit continue to be based on the older
    spouse's age for the life of the contract.

o   If the deceased spouse was the annuitant, the surviving spouse becomes the
    annuitant.

o   If a PGB had been elected, the benefit continues and is based on the same
    benefit maturity date and guaranteed amount.

o   If you elect the Guaranteed withdrawal benefit for life, the benefit and
    charge will remain in effect and no death benefit is payable until the death
    of the surviving spouse.

o   The withdrawal charge schedule remains in effect.

If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.

BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VI later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.


BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Earnings enhancement benefit feature, adjusted for
any subsequent withdrawals. The account value, however, will first be reduced
by any Credits applied in the one-year period prior to the owner's death.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  The beneficiary replaces the deceased owner as annuitant.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
   the GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

62  Payment of death benefit


o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum distributions based on
   the remaining life expectancy of the deceased beneficiary or to receive any
   remaining interest in the contract in a lump sum. The option elected will be
   processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. For purposes of this discussion, "beneficiary" refers to
the successor owner. This feature must be elected within 9 months following the
date of your death and before any other inconsistent election is made.
Beneficiaries who do not make a timely election will not be eligible for this
option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o  This feature is only available if the beneficiary is an individual. It is not
   available for any entity such as a trust, even if all of the beneficiaries of
   the trust are individuals.

o  The beneficiary automatically replaces the existing annuitant.

o  The contract continues in your name for the benefit of your beneficiary.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the respective
   beneficiary's own life expectancy, if scheduled payments are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
   the GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

o  If the beneficiary chooses the "5-year rule," withdrawals may be made at any
   time. If the beneficiary instead chooses scheduled payments, the beneficiary
   must also choose between two potential withdrawal options at the time of
   election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
   cannot later withdraw funds in addition to the scheduled payments the
   beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
   "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
   addition to scheduled payments, at any time. However, the scheduled payments
   under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
   payments." See "Taxation of nonqualified annuities" in "Tax Information"
   later in this Prospectus.

o  Any partial withdrawals must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract on the beneficiary's death.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking scheduled payments based on the
   remaining life expectancy of the deceased beneficiary (if scheduled payments
   were chosen) or to receive any remaining interest in the contract in a lump
   sum. We will pay any remaining interest in the contract in a lump sum if your
   beneficiary elects the 5-year rule. The option elected will be processed when
   we receive satisfactory proof of death, any required instructions for the
   method of payment and any required information and forms necessary to effect
   payment.

If the deceased is the owner or older joint owner:

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the Beneficiary
   continuation option feature, we will increase the account value to equal the
   applicable death benefit if such death benefit is greater than such account
   value plus any amount applicable under the Earnings enhancement benefit,
   adjusted for any subsequent withdrawals.

o  No withdrawal charges will apply to any withdrawals by the beneficiary.

If the deceased is the younger non-spousal joint owner:

o  The annuity account value will not be reset to the death benefit amount.

o  The contract's withdrawal charge schedule will continue to be applied to any
   withdrawal or surrender other than scheduled payments; the contract's free
   withdrawal amount will continue to apply to withdrawals but does not apply to
   surrenders.

o  We do not impose a withdrawal charge on scheduled payments except if, when
   added to any withdrawals previously taken in the same contract year,
   including for this purpose a contract surrender, the total amount of
   withdrawals and scheduled payments exceed the free withdrawal amount. See the
   "Withdrawal charges" in "Charges and expenses" earlier in this Prospectus.

                                                    Payment of death benefit  63


7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Plus(SM) contracts owned by United States
individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.


BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator(R) Plus'(SM) extra credit on each
contribution, choice of death benefits, the Guaranteed withdrawal benefit for
life benefit, the Guaranteed minimum income benefit, guaranteed interest
option, fixed maturity options, selection of variable investment options and
its choices of payout options, as well as the features and benefits of other
permissible funding vehicles and the relative costs of annuities and other
arrangements. You should be aware that cost may vary depending on the features
and benefits made available and the charges and expenses of the investment
options or funds that you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract. See also Appendix II at the end of this Prospectus for a discussion
of QP contracts.

TRANSFERS AMONG VARIABLE INVESTMENT OPTIONS

You can make transfers among variable investment options inside the contract
without triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust, or other non-natural person). This provision does not apply to a trust
   which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

64  Tax information


TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED WITHDRAWAL BENEFIT FOR
LIFE

We treat Guaranteed annual withdrawals and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are taxable to you as
ordinary income if there are earnings in the contract. Generally, earnings are
your account value less your investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable. If you withdraw an amount which
is more than the earnings in the contract as of the date of the withdrawal, the
balance of the distribution is treated as a return of your investment in the
contract and is not taxable. It reduces the investment in the contract.

ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract.

Generally, your investment in the contract equals the contributions you made,
less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.

EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which should have no adverse tax effect, it is possible that the IRS could take
a contrary position or assert that the Earnings enhancement benefit rider is
not part of the contract. In such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could be taxable, and for contract owners under age 59-1/2, also subject to a
tax penalty. Were the IRS to take this position, Equitable would take all
reasonable steps to attempt to avoid this result which could include amending
the contract (with appropriate notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  the contract that is the source of the funds you are using to purchase the NQ
   contract is another nonqualified deferred annuity contract or life insurance
   or endowment contract.

o  the owner and the annuitant are the same under the source contract and the
   Accumulator(R) Plus(SM) NQ contract. If you are using a life insurance or
   endowment contract the owner and the insured must be the same on both sides
   of the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Plus(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required
to process this type of exchange.


Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


Beneficiary continuation option

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

o  scheduled payments under the beneficiary continuation option for NQ contracts
   satisfy the death of owner rules of Section 72(s)(2) of

                                                             Tax information  65


   the Code, regardless of whether the beneficiary elects "Withdrawal Option
   1" or "Withdrawal Option 2;"

o  scheduled payments, any additional withdrawals under "Withdrawal Option 2,"
   or contract surrenders under "Withdrawal Option 1" will only be taxable to
   the beneficiary when amounts are actually paid, regardless of the Withdrawal
   Option selected by the beneficiary;

o  a beneficiary who irrevocably elects scheduled payments with "Withdrawal
   Option 1" will receive "excludable amount" tax treatment on scheduled
   payments. See "Annuity payments" earlier in this section. If the beneficiary
   elects to surrender the contract before all scheduled payments are paid, the
   amount received upon surrender is a non-annuity payment taxable to the extent
   it exceeds any remaining investment in the contract.



The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).


The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or


o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas. We do not anticipate that
   Guaranteed annual withdrawals made under the Guaranteed withdrawal benefit
   for life's Maximum or Customized payment plan or taken as partial withdrawals
   will qualify for this exception if made before 59-1/2.


INVESTOR CONTROL ISSUES


Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.


SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets funding the account for the benefit of the IRA owner. The assets
typically can include mutual funds and/or individual stocks and/or securities
in a custodial account, and bank certificates of deposit in a trusteed account.
In an individual retirement annuity, an insurance company issues an annuity
contract that serves as the IRA.

There are two basic types of IRAs, as follows:

o    Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs
     and SIMPLE IRAs issued and funded in connection with employer-sponsored
     retirement plans; and

o    Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590

66  Tax information



("Individual Retirement Arrangements (IRAs)"). This publication is usually
updated annually, and can be obtained from any IRS district office or the IRS
website (www.irs.gov).


AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA ("Rollover IRA") or Roth IRA ("Roth
Conversion IRA"). This Prospectus contains the information that the IRS
requires you to have before you purchase an IRA. The first section covers some
of the special tax rules that apply to traditional IRAs. The next section
covers Roth IRAs. The disclosure generally assumes direct ownership of the
individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.


We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).

AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of the Accumulator(R) Plus(SM) traditional and Roth IRA
contracts for use as a traditional and Roth IRA, respectively. It is not clear
whether and when any such approval may be received. We have in the past received
IRS opinion letters approving the respective forms of similar traditional IRA
and Roth IRA endorsements for use as a traditional and Roth IRA, respectively.
This IRS approval is a determination only as to the form of the annuity. It does
not represent a determination of the merits of the annuity as an investment. The
contracts submitted for IRS approval do not include every feature possibly
available under the Accumulator(R) Plus(SM) traditional and Roth IRA contracts.


EARNINGS ENHANCEMENT BENEFIT


The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) Plus(SM) traditional and Roth IRA contracts. You should
discuss with your tax adviser whether you should consider purchasing an
Accumulator(R) Plus(SM) IRA or Accumulator(R) Plus(SM) Roth IRA with the
optional Earnings enhancement benefit.


Your right to cancel within a certain number of days

You can cancel either type of Accumulator(R) Plus(SM) IRA contract (traditional
IRA or Roth IRA) by following the directions in "Your right to cancel within a
certain number of days" under "Contract features and benefits" earlier in this
Prospectus. If you cancel a traditional IRA or Roth IRA contract, we may have
to withhold tax, and we must report the transaction to the IRS. A contract
cancellation would have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Contributions to traditional IRAs.  Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:


o  regular contributions out of earned income or compensation; or

o  tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers").

Regular contributions to traditional IRAs


Limits on contributions.  The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses.  If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007. For 2008, the amount is $10,000 to any combination of
traditional IRAs and Roth IRAs. Any contributions to Roth IRAs reduce the
ability to contribute to traditional IRAs and vice versa. The maximum amount
may be less if earned income is less and the other spouse has made IRA
contributions. No more than a combined total of $4,000 can be contributed
annually to either spouse's traditional and Roth IRAs. Each spouse owns his or
her traditional IRAs and Roth IRAs even if the other spouse funded the
contributions. A working spouse age 70-1/2 or over can contribute up to the
lesser of $4,000 or 100% of "earned income" to a traditional IRA for a
nonworking spouse until the year in which the nonworking spouse reaches age
70-1/2. Catch-up contributions may be made as described above for spouses who
are at least age 50 but under age 70-1/2 at any time during the taxable year for
which the contribution is made.


Deductibility of contributions.  The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored retirement plan, as defined under special
federal income tax rules. Your Form W-2 will indicate whether or not you are
covered by such a retirement plan.

                                                             Tax information  67



If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions." That is, for 2007, your fully deductible
contribution can be up to $4,000 ($5,000 for 2008), or if less, your earned
income. The dollar limit is $5,000 for people eligible to make age 50-70-1/2
catch-up contributions for 2007 ($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)


To determine the deductible amount of the contribution for 2006, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

    ($10,000-excess AGI)     times    the maximum     Equals   the adjusted
    --------------------       x       regular          =       deductible
     divided by $10,000              contribution              contribution
                                     for the year                 limit




Additional "Saver's Credit" for contributions to a traditional
IRA or Roth IRA

You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax
return, and your adjusted gross income cannot exceed $50,000 ($52,000 after
cost of living indexing beginning in 2007). The amount of the tax credit you
can get varies from 10% of your contribution to 50% of your contribution, and
depends on your income tax filing status and your adjusted gross income. The
maximum annual contribution eligible for the saver's credit is $2,000. If you
and your spouse file a joint return, and each of you qualifies, each is
eligible for a maximum annual contribution of $2,000. Your saver's credit may
also be reduced if you take or have taken a taxable distribution from any plan
eligible for a saver's credit contribution -- even if you make a contribution
to one plan and take the distribution from another plan -- during the "testing
period." The "testing period" begins two years before the year for which you
make the contribution and ends when your tax return is due for the year for
which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

When you can make regular contributions.  If you file your tax returns on a
calendar year basis like most taxpayers, you have until the

68  Tax information


April 15 return filing deadline (without extensions) of the following calendar
year to make your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custodial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o  Do it yourself:
   You actually receive a distribution that can be rolled over and you roll it
   over to a traditional IRA within 60 days after the date you receive the
   funds. The distribution from your eligible retirement plan will be net of 20%
   mandatory federal income tax withholding. If you want, you can replace the
   withheld funds yourself and roll over the full amount.

o  Direct rollover:
   You tell the trustee or custodian of the eligible retirement plan to send
   the distribution directly to your traditional IRA issuer. Direct rollovers
   are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o  "required minimum distributions" after age 70-1/2 or retirement from service
   with the employer; or

o  substantially equal periodic payments made at least annually for your life
   (or life expectancy) or the joint lives (or joint life expectancies) of you
   and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  death benefit payments to a beneficiary who is not your surviving spouse; or

o  qualified domestic relations order distributions to a beneficiary who is not
   your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement
plans other than traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court ordered divorce or separation decree.


                                                             Tax information  69


Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o  regular contributions of more than the maximum regular contribution amount
   for the applicable taxable year); or

o  regular contributions to a traditional IRA made after you reach age 70-1/2;
   or

o  rollover contributions of amounts which are not eligible to be rolled over,
   for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1) the rollover was from an eligible retirement plan to a traditional IRA;

(2) the excess contribution was due to incorrect information that the plan
    provided; and

(3) you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments.  Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible
traditional IRA contributions (less any amounts previously withdrawn tax free)
to the total account balances of all traditional IRAs you own at the end of the
year plus all traditional IRA distributions made during the year. Multiply this
by all distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o   the amount received is a withdrawal of excess contributions, as described
    under "Excess contributions" earlier in this section; or

o   the entire amount received is rolled over to another traditional IRA or
    other eligible retirement plan which agrees to accept the funds. (See
    "Rollovers from eligible retirement plans other than traditional IRAs" under
    "Rollover and transfer contributions to traditional IRAs" earlier in this
    section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


70  Tax information


Required minimum distributions

BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS

Distributions must be made from traditional IRAs according to rules contained
in the Code and Treasury Regulations. Beginning in 2006, certain provisions of
the Treasury Regulations require that the actuarial present value of additional
annuity contract benefits be added to the dollar amount credited for purposes
of calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income
benefits and enhanced death benefits. This could increase the amount required
to be distributed from these contracts. If you take annual withdrawal instead
of annuitizing, please consult your tax adviser concerning applicability of
these complex rules to your situation.

Lifetime required minimum distributions.  You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution.  The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that
year--the delayed one for the first year and the one actually for that year.
Once minimum distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans?  No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose?  We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year?  The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year?  Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die?  These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary.  Regardless of whether your death occurs before or
after your Required Beginning Date, an individual death beneficiary calculates
annual post-death required minimum distribution payments based on the
beneficiary's life expectancy using the "term certain method." That is, he or
she determines his or her life expect-

                                                             Tax information  71


ancy using the IRS-provided life expectancy tables as of the calendar year
after the owner's death and reduces that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

Spousal beneficiary.  If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from your
traditional IRA into his/her own traditional IRA or other eligible retirement
plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary.  If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Spousal continuation

If the contract is continued under Spousal continuation, then no amounts are
required to be paid until after the surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   used to pay certain extraordinary medical expenses (special federal income
    tax definition); or

o   used to pay medical insurance premiums for unemployed individuals (special
    federal income tax definition); or

o   used to pay certain first-time home buyer expenses (special federal income
    tax definition; $10,000 lifetime total limit for these distributions from
    all your traditional and Roth IRAs); or

o   used to pay certain higher education expenses (special federal income tax
    definition); or


o   in the form of substantially equal periodic payments made at least annually
    over your life (or your life expectancy) or over the joint lives of you and
    your beneficiary (or your joint life expectancies using an IRS-approved
    distribution method. We do not anticipate that Guaranteed annual payments
    made under the Guaranteed withdrawal benefit for life's Maximum or
    Customized payment plan or taken as partial withdrawals will qualify for
    this exception if made before age 59-1/2.

To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially
equal withdrawals and Income Manager(SM) payments are not subject to the 10%
penalty tax, they are taxable as discussed in "Withdrawals, payments and
transfers of funds out of traditional IRAs" above. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under this option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.


72  Tax information



Roth individual retirement annuities (Roth IRAs)


This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Plus(SM) Roth Conversion IRA contract is designed to qualify
as a Roth individual retirement annuity under Sections 408A(b) and 408(b) of
the Internal Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o   regular after-tax contributions out of earnings; or

o   taxable rollover contributions from traditional IRAs ("conversion"
    contributions); or

o   tax-free rollover contributions from other Roth arrangements; or

o   tax-free direct custodian-to-custodian transfers from other Roth IRAs
    ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in
this section. If you use the forms we require, we will also accept traditional
IRA funds which are subsequently recharacterized as Roth IRA funds following
special federal income tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Regular contributions to Roth IRAs


Limits on regular contributions.  The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability
to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):

o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is over $160,000 (for 2007, $166,000 after
    adjustment); or

o   your federal income tax filing status is "single" and your modified adjusted
    gross income is over $110,000 (for 2007, $114,000 after adjustment).


However, you can make regular Roth IRA contributions in reduced amounts when:


o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is between $150,000 and $160,000 (for 2007,
    between $156,000 and $166,000 after adjustment); or

o   your federal income tax filing status is "single" and your modified adjusted
    gross income is between $95,000 and $110,000 (for 2007, between $99,000 and
    $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions.  Same as traditional IRAs.

Deductibility of contributions.  Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o   another Roth IRA ("tax-free rollover contribution");

o   a "designated Roth contribution account" under a 401(k) plan or a 403(b)
    arrangement;

o   another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
    rollover limitation period for SIMPLE IRA funds), in a taxable conversion
    rollover ("conversion contribution");

o   you may not make contributions to a Roth IRA from a qualified plan under
    Section 401(a) of the Internal Revenue Code, a TSA under Section 403(b) of
    the Internal Revenue Code or any other eligible

                                                             Tax information  73



   retirement plan until 2008. You may make rollover contributions from a
   "designated Roth contribution account" under a 401(k) plan or a 403(b)
   arrangement which permits designated Roth elective deferral contributions
   to be made, beginning in 2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize.  To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

74  Tax information


To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o   rollovers from a Roth IRA to another Roth IRA;

o   direct transfers from a Roth IRA to another Roth IRA;

o   qualified distributions from a Roth IRA; and

o   return of excess contributions or amounts recharacterized to a traditional
    IRA.

Qualified distributions from Roth IRAs.  Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o   you are age 59-1/2 or older; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   your distribution is a "qualified first-time homebuyer distribution"
    (special federal income tax definition; $10,000 lifetime total limit for
    these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs.  Nonqualified distributions from
Roth IRAs are distributions that do not meet both the qualifying event and
five-year aging period tests described above. If you receive such a
distribution, part of it may be taxable. For purposes of determining the
correct tax treatment of distributions (other than the withdrawal of excess
contributions and the earnings on them), there is a set order in which
contributions (including conversion contributions) and earnings are considered
to be distributed from your Roth IRA. The order of distributions is as follows:


(1) Regular contributions.

(2) Conversion contributions, on a first-in-first-out basis (generally, total
    conversions from the earliest year first). These conversion contributions
    are taken into account as follows:

    (a) Taxable portion (the amount required to be included in gross income
        because of conversion) first, and then the

    (b) Nontaxable portion.

(3) Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1) All distributions made during the year from all Roth IRAs you maintain --
    with any custodian or issuer -- are added together.

(2) All regular contributions made during and for the year (contribu tions made
    after the close of the year, but before the due date of your return) are
    added together. This total is added to the total undistributed regular
    contributions made in prior years.


(3) All conversion contributions made during the year are added together. For
    purposes of the ordering rules, in the case of any conversion in which the
    conversion distribution is made in 2007 and the conversion contribution is
    made in 2008, the conversion contribution is treated as contributed prior to
    other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

                                                             Tax information  75


Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004 the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please Consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

Earnings enhancement benefit

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement rider could be treated for federal income tax purposes as a partial
withdrawal from the contract. If this were so, such a deemed withdrawal could
affect the tax qualification of the TSA and could be taxable. Were the IRS to
take any adverse position, AXA Equitable would take all reasonable steps to
attempt to avoid any adverse result, which would include amending the contract
(with appropriate notice to you). You should discuss with your tax adviser
whether you should consider purchasing an Accumulator(R) Plus(SM) Rollover TSA
contract with the optional Earnings enhancement benefit.

Contributions to TSAs

There are two ways you can make contributions to establish your Rollover TSA
contract:

o   a full or partial direct transfer of assets ("direct transfer") from another
    contract or arrangement that meets the requirements of Section 403(b) of the
    Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o   a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R) Plus(SM)
TSA. We do not accept "designated Roth contributions" rolled over from a 401(k)
plan or a 403(b) arrangement or directly transferred from another 403(b)
arrangement.

Employer-remitted contributions. The Rollover TSA contract does not accept
employer-remitted contributions. However, we provide the following discussion
as part of our description of restrictions on the distribution of funds
directly transferred, which include employer-remitted contributions to other
TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contributions as
"designated Roth contributions" to the 403(b) arrangement which are made on an
after-tax basis. However, a TSA can also be wholly or partially funded through
nonelective employer contributions or other after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal restrictions. Also, all amounts attributable to
investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

Rollover or direct transfer contributions.  Once you establish your Rollover
TSA with 403(b)-source funds, you may make subsequent rollover contributions to
your Rollover TSA contract from these

76  Tax information


sources: qualified plans, governmental employer 457(b) plans and traditional
IRAs, as well as other TSAs and 403(b) arrangements. All rollover contributions
must be pre-tax funds only with appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o   termination of employment with the employer who provided the funds for the
    plan; or

o   reaching age 59-1/2 even if you are still employed; or

o   disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o   you give us acceptable written documentation as to the source of the funds;
    and

o   the Accumulator(R) Plus(SM) contract receiving the funds has provisions at
    least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Plus(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Plus(SM) TSA must be net of the required
minimum distribution for the tax year in which we issue the contract if:

o   you are or will be at least age 70-1/2 in the current calendar year, and

o   you have retired from service with the employer who provided the funds to
    purchase the TSA you are transferring or rolling over to the Accumulator(R)
    Plus(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o   rollover by check of the proceeds from another TSA or eligible retirement
    plan; or

o   direct rollover from another TSA or eligible retirement plan; or

o   direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General.  Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

Withdrawal restrictions.  If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o   you are severed from employment with the employer who provided the funds to
    purchase the TSA you are transferring to the Accumulator(R) Plus(SM)
    Rollover TSA; or

o   you reach age 59-1/2; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions.  Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the

                                                             Tax information  77


contract, if any. We will report all distributions from this Rollover TSA as
fully taxable. It is your responsibility to determine how much of the
distribution is taxable.

Distributions before annuity payments begin.  On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity payments. Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL") benefit" in
"Contract features and benefits" earlier in this Prospectus, as well as GMIB
and other annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment
in the contract is recovered is fully taxable. If you (and your beneficiary
under a joint and survivor annuity) die before recovering the full investment
in the contract, a deduction is allowed on your (or your beneficiary's) final
tax return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o   The amount of a loan to a participant, when combined with all other loans to
    the participant from all qualified plans of the employer, cannot exceed the
    lesser of:

(1) the greater of $10,000 or 50% of the participant's nonforfeitable accrued
    benefits; and

(2) $50,000 reduced by the excess (if any) of the highest outstand ing loan
    balance over the previous twelve months over the outstanding loan balance of
    plan loans on the date the loan was made.

o In general, the term of the loan cannot exceed five years unless the loan is
  used to acquire the participant's primary residence. Accumulator(R) Plus(SM)
  Rollover TSA contracts have a term limit of 10 years for loans used to acquire
  the participant's primary residence.

o All principal and interest must be amortized in substantially level payments
  over the term of the loan, with payments being made at least quarterly. In
  very limited circumstances, the repayment obligation may be temporarily
  suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o the loan does not qualify under the conditions above;

o the participant fails to repay the interest or principal when due; or

o in some instances, the participant separates from service with the employer
  who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same employer, a defaulted loan which has not been
fully repaid is treated as still outstanding, even after the default is
reported to the IRS on Form 1099-R. The amount treated as still outstanding
(which limits subsequent loans) includes interest accruing on the unpaid
balance.


See Appendix VII later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.

Tax-deferred rollovers and direct transfers. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.


You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non-


78  Tax information



spousal death beneficiary may also be able to make rollover contributions to an
individual retirement plan under certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may be able to delay the start of required minimum
distributions for all or part of your account balance until after age 70-1/2, as
follows:

o For TSA participants who have not retired from service with the employer who
  provided the funds for the TSA by the calendar year the participant turns age
  70-1/2, the required beginning date for minimum distributions is extended to
  April 1 following the calendar year of retirement.

o TSA plan participants may also delay the start of required minimum
  distributions to age 75 of the portion of their account value attributable to
  their December 31, 1986, TSA account balance, even if retired at age 70-1/2.
  We will know whether or not you qualify for this exception because it will
  only apply to people who establish their Accumulator(R) Plus(SM) Rollover TSA
  by direct Revenue Ruling 90-24 transfers. If you do not give us the amount of
  your December 31, 1986, account balance that is being transferred to the
  Accumulator(R) Plus(SM) Rollover TSA on the form used to establish the TSA,
  you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Plus(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell
us on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o on or after your death; or

o because you are disabled (special federal income tax definition); or

o to pay for certain extraordinary medical expenses (special federal income tax
  definition); or

o in any form of payout after you have separated from service (only if the
  separation occurs during or after the calendar year you reach age 55); or

o in a payout in the form of substantially equal periodic payments made at least
  annually over your life (or your life expectancy), or over the joint lives of
  you and your beneficiary (or your joint life expectancies) using an
  IRS-approved distribution method (only after you have separated from service
  at any age). We do not anticipate that Guaranteed annual payments made under
  the Guaranteed withdrawal benefit for life's Maximum or Customized payment
  plan or taken as lump sums will qualify for this exception if made before age
  59-1/2.


FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING


We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o We might have to withhold and/or report on amounts we pay under a free look or
  cancellation.

                                                             Tax information  79


o We are generally required to withhold on conversion rollovers of traditional
  IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
  and is taxable.

o We are required to withhold on the gross amount of a distribution from a Roth
  IRA to the extent it is reasonable for us to believe that a distribution is
  includable in your gross income. This may result in tax being withheld even
  though the Roth IRA distribution is ultimately not taxable. You can elect out
  of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However we may require additional documentation in the case of
payments made to non United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at anytime.


Federal income tax withholding on non-periodic annuity
payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan
distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o any distributions which are required minimum distributions after age 70-1/2 or
  retirement from service with the employer; or

o substantially equal periodic payments made at least annually for your life (or
  life expectancy) or the joint lives (or joint life expectancies) of you and
  your designated beneficiary; or

o substantially equal periodic payments made for a specified period of 10 years
  or more; or

o hardship withdrawals; or

o corrective distributions that fit specified technical tax rules; or

o loans that are treated as distributions; or

o a death benefit payment to a beneficiary who is not your surviving spouse; or


o a qualified domestic relations order distribution to a beneficiary who is not
  your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

80  Tax information


8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of the Separate Account's operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although Separate Account No. 49 is registered, the SEC does
not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1) to add variable investment options to, or to remove variable investment
    options from the Separate Account, or to add other separate accounts;

(2) to combine any two or more variable investment options;

(3) to transfer the assets we determine to be the shares of the class of
    contracts to which the contracts belong from any variable investment option
    to another variable investment option;

(4) to operate the Separate Account or any variable investment option as a
    management investment company under the Investment Company Act of 1940 (in
    which case, charges and expenses that otherwise would be assessed against an
    underlying mutual fund would be assessed against the Separate Account or a
    variable investment option directly);

(5) to deregister the Separate Account under the Investment Company Act of 1940;

(6) to restrict or eliminate any voting rights as to the Separate Account;

(7) to cause one or more variable investment options to invest some or all of
    their assets in one or more other trusts or investment companies; and

(8) to unilaterally change your contract in order to comply with any applicable
    laws and regulations, including but not limited to changes in the Internal
    Revenue Code, in Treasury regulations or in published rulings of the
    Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in their respective SAIs which are available upon
request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:



- --------------------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th         Rate to               Price
 Maturity Date of     Maturity as of        Per $100 of
   Maturity Year    February 15, 2007     Maturity Value
- --------------------------------------------------------------------------------
       2008               3.30%               $ 96.81
       2009               3.34%               $ 93.63
       2010               3.39%               $ 90.47
       2011               3.48%               $ 87.20
       2012               3.58%               $ 83.86
       2013               3.65%               $ 80.63
       2014               3.72%               $ 77.42
       2015               3.76%               $ 74.42
- --------------------------------------------------------------------------------


                                                            More information  81



- --------------------------------------------------------------------------------
    Fixed Maturity
    Options with
    February 15th          Rate to            Price
  Maturity Date of     Maturity as of      Per $100 of
    Maturity Year    February 15, 2007    Maturity Value
- --------------------------------------------------------------------------------
        2016              3.84%               $ 71.22
        2017              3.89%               $ 68.25
- --------------------------------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1) We determine the market adjusted amount on the date of the withdrawal as
    follows:

    (a) We determine the fixed maturity amount that would be payable on the
        maturity date, using the rate to maturity for the fixed maturity option.

    (b) We determine the period remaining in your fixed maturity option (based
        on the withdrawal date) and convert it to fractional years based on a
        365-day year. For example, three years and 12 days becomes 3.0329.

    (c) We determine the current rate to maturity for your FMO based on the rate
        for a new FMO issued on the same date and having the same maturity date
        as your FMO; if the same maturity date is not available for new FMOs, we
        determine a rate that is between the rates for new FMO maturities that
        immediately precede and immediately follow your FMOs maturity date.

    (d) We determine the present value of the fixed maturity amount payable at
        the maturity date, using the period determined in (b) and the rate
        determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3) We subtract (2) from the result in (1)(d). The result is the market value
    adjustment applicable to such fixed maturity option, which may be positive
    or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined by using a widely-published Index. We reserve the right to add up to
0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and fixed maturity
options, as well as our general obligations. Credits allocated to your account
value are funded from our general account.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws.

82  More information



We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.


ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, QP or Rollover TSA contracts. Please see
Appendix VII later in this Prospectus to see if the automatic investment
program is available in your state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

For contracts with GWBL, AIP will be automatically terminated after the later
of: (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end of the first six months.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR


We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.


BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o   If your contribution, transfer, or any other transaction request, containing
    all the required information, reaches us on a non-business day or after 4:00
    p.m. on a business day, we will use the next business day.

o   A loan request under your Rollover TSA contract will be processed on the
    first business day of the month following the date on which the properly
    completed loan request form is received.

o   If your transaction is set to occur on the same day of the month as the
    contract date and that date is the 29th, 30th or 31st of the month, then the
    transaction will occur on the 1st day of the next month.

o   When a charge is to be deducted on a contract date anniversary that is a
    non-business day, we will deduct the charge on the next business day.


o   If we have entered into an agreement with your broker-dealer for automated
    processing of contributions upon receipt of customer order, your
    contribution will be considered received at the time your broker-dealer
    receives your contribution and all information needed to process your
    application, along with any required documents, and transmits your order to
    us in accordance with our processing procedures. Such arrangements may apply
    to initial contributions, subsequent contributions, or both, and may be
    commenced or terminated at any time without prior notice. If required by
    law, the "closing time" for such orders will be earlier than 4:00 p.m.,
    Eastern Time.


                                                            More information  83


CONTRIBUTIONS, CREDITS, AND TRANSFERS


o   Contributions and credits allocated to the variable investment options are
    invested at the unit value next determined after the receipt of the
    contribution.


o   Contributions and credits allocated to the guaranteed interest option will
    receive the crediting rate in effect on that business day for the specified
    time period.

o   Contributions and credits allocated to a fixed maturity option will receive
    the rate to maturity in effect for that fixed maturity option on that
    business day (unless a rate lock-in is applicable).


o   Transfers to or from variable investment options will be made at the unit
    value next determined after the receipt of transfer request.


o   Transfers to a fixed maturity option will be based on the rate to maturity
    in effect for that fixed maturity option on the business day of the
    transfer.


o   Transfers to the guaranteed interest option will receive the crediting rate
    in effect on that business day for the specified time period.

o   For the interest sweep option, the first monthly transfer will occur on the
    last business day of the month following the month that we receive your
    election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o   the election of trustees;

o   the formal approval of independent public accounting firms selected for each
    Trust; or

o   any other matters described in the prospectus for each Trust or requiring a
    shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.

CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as consolidated
financial statements of AXA Equitable, are in the SAI. The SAI is available
free of charge. You may request one by writing to our processing office or
calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
written notification of any change at our processing office. You cannot assign
your NQ contract as collateral or security for a loan. Loans are also not
available under your NQ contract. In some cases, an assignment or change of
ownership may have adverse tax consequences. See "Tax information" earlier in
this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, the
Earnings enhancement benefit, a PGB and/or the Guaranteed withdrawal benefit
for life ("Benefit"), generally the Benefit will automatically terminate if you
change ownership of the contract or if you assign the owner's right to change
the beneficiary or person to whom annuity payments will be made. However, the
Benefit will not terminate if the ownership of the contract is transferred from
a non-natural owner to an individual but the contract will continue to be based
on the annuitant's life. Please speak with your financial profes-

84  More information


sional for further information. See Appendix VII later in this Prospectus for
any state variations with regard to terminating any benefits under your
contract.


You cannot assign or transfer ownership of a Rollover IRA, Roth Conversion IRA,
QP or Rollover TSA contract except by surrender to us. If your individual
retirement annuity contract is held in your custodial individual retirement
account, you may only assign or transfer ownership of such an IRA contract to
yourself. Loans are not available (except for Rollover TSA contracts) and you
cannot assign Rollover IRA, Roth Conversion IRA and QP contracts as security
for a loan or other obligation. If the employer that provided the funds does
not restrict them, loans are available under a Rollover TSA contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA, QP or Rollover TSA contract to another similar arrangement
under federal income tax rules. In the case of such a transfer, we will impose
a withdrawal charge, if one applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 0.60% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 6.75% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Plus(SM) on a company and\or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and\or


                                                            More information  85



other support services, including some that may benefit the contract owner.
Payments may be based on the amount of assets or purchase payments attributable
to contracts sold through a Selling broker-dealer or, in the case of conference
support, such payments may be a fixed amount. The Distributors may also make
fixed payments to Selling broker-dealers in connection with the initiation of a
new relationship or the introduction of a new product. These payments may serve
as an incentive for Selling broker-dealers to promote the sale of particular
products. Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and\or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.


86  More information



9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


                             Incorporation of certain documents by reference  87


Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account No. 49 with the same daily asset charges of
1.55%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME AT
THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                           For the years ending December 31,
                                                            ------------------------------------------------------------------------
                                                                2006        2005       2004     2003        2002     2001      2000
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       
 AXA Aggressive Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.09     $ 11.28    $ 10.60       --          --       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       6,793         342        120       --          --       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.85     $ 10.36    $ 10.27       --          --       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,202         501        286       --          --       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.29     $ 10.55    $ 10.38       --          --       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,537         671        279       --          --       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  47.71     $ 43.93    $ 42.57  $ 39.77     $ 33.91  $ 39.47       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,387         762        659      461         279      110       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.57     $ 11.15         --       --          --       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      22,340       2,035         --       --          --       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  57.17     $ 55.24    $ 51.85  $ 46.99     $ 34.70  $ 49.56  $ 67.28
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         171         172        181      211         241      249      106
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.39     $ 11.14    $ 11.13  $ 10.88     $ 10.65       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,474       1,199      1,470    1,625       1,594       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.96     $ 11.56    $ 10.98  $  9.94     $  7.88       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         696         453        565      375         264       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  31.19     $ 28.82    $ 28.41  $ 26.55     $ 22.00  $ 23.03  $ 23.23
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,654       1,626      1,924    2,218       1,906    1,632      432
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  16.77     $ 13.59    $ 11.96  $ 10.30     $  7.79       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,168         480        411      323         108       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.21     $ 10.92    $ 10.39  $  9.62     $  7.63       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         346         269        397      296         201       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   9.54     $  9.68    $  9.15  $  8.71     $  6.77       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         999         613        930      759         424       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.21     $ 12.10    $ 11.47  $ 10.18     $  7.89       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,285         919        809      635         503       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.82     $ 10.03    $  9.40  $  8.54     $  6.19       --       --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         884         663        773      720         427       --       --
- ------------------------------------------------------------------------------------------------------------------------------------



A-1 Appendix I: Condensed financial information


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME AT
THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006 (CONTINUED)




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                            ------------------------------------------------------------------------
                                                              2006      2005       2004       2003        2002     2001      2000
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                     
 AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 13.78  $  12.20   $  11.54   $  10.18   $   7.35        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       838       550        720        545        364        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 10.49  $   9.93   $   9.07   $   8.77   $   5.65        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     2,459     2,792      3,478        278        386        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $250.91  $ 230.23   $ 224.21   $ 199.56   $ 135.53  $ 206.51  $ 235.03
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       361       370        430        484        521       499       204
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 33.51  $  28.72   $  27.65   $  24.98   $  19.46  $  25.10  $  25.90
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       743       557        589        535        298        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 18.35  $  18.07   $  18.13   $  18.07   $  17.97  $  16.81  $  15.83
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       747       873      1,061      1,357      1,226        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 17.99  $  14.79   $  13.03   $  11.20   $   8.42  $   9.51  $  12.60
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     1,983     1,000      1,008      1,052        135        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  6.88  $   7.03   $   6.21   $   5.82   $   4.80  $   7.08  $   9.46
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     7,569      9.117    10,421     11,828     13,521    14,217     6,200
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 15.95  $  15.60   $  15.54   $  15.21   $  14.92        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       630       455        480        519        474        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 17.82  $  16.60   $  15.12   $  13.48   $   9.71  $  14.14  $  16.56
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     1,922     1,979      2,313      2,809      3,037     2,971     1,248
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 17.62  $  14.75   $  14.21   $  12.72   $  10.04  $  11.80  $  11.63
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     5,695     5,091      5,823      6,106      6,520     4,851     1,119
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 11.34  $  10.36         --         --         --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       100        --         --         --         --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 10.96        --         --         --         --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       255        --         --         --         --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  6.67  $   5.84   $   5.59         --         --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     1,207       536        306         --         --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $  8.91  $   8.60   $   8.03   $   7.87   $   6.25  $   8.63        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       147        65         88        101         79        19        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 12.86  $  12.16   $  11.75         --         --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     2,540     2,470      2,815         --         --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 14.30  $  12.18   $  10.56   $   9.44   $   7.23  $   8.65  $  11.10
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     2,904     2,599      2,863      2,832      2,786     2,530     1,050
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                $ 12.87  $  11.67   $  11.18   $  10.23   $   7.91  $  10.66  $  11.05
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)     4,914     5,540      6,418      6,957      7,543     2,052       628
- ------------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-2


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME AT
THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006 (CONTINUED)




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                             For the years ending December 31,
                                                           -------------------------------------------------------------------------
                                                               2006      2005       2004        2003        2002    2001       2000
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       
 EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 12.39   $ 11.44    $ 10.97    $  10.19    $  7.59  $ 10.10   $ 10.47
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      3,680     3,879      4,473       4,616      4,470    3,790     1,311
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 11.04   $ 10.38         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        382        65         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 10.84        --         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        665        --         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 29.20   $ 25.77    $ 25.07    $  23.10    $ 18.36  $ 24.03   $ 27.79
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      3,534     3,726      4,345       4,750      5,020    4,534     1,524
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  9.92   $  9.74         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        455         9         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  8.78   $  8.42    $  8.23    $   7,80    $  5.74  $  7.67   $  9.39
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        319       349        400         500        378      182        47
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 12.70   $ 11.56    $ 11.04    $   9.67    $  6.84  $  8.52   $  9.99
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      4,317     4,297      4,997       5,343      5,392    4,418       609
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 17.21   $ 15.54    $ 14.18    $  12.22    $  9.32  $ 11.09   $ 10.84
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      3,215     3,279      3,574       3,783      4,067    3,015       198
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 10.42        --         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      1,076        --         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 10.82        --         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        153        --         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 11.59   $ 10.49         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        425        11         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 26.49   $ 22.64    $ 22.05          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        519       111         63          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 14.20   $ 11.48         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        310         5         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  6.28   $  6.31    $  5.97    $   5.41    $  4.36  $  6.36   $  8.39
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      4,487     5,127      5,897       6,804      7,940    7,216     1,134
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 14.07   $ 13.73    $ 13.65    $  13.32    $ 13.09  $ 12.13   $ 11.41
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      7,950     8,015      8,979      10,672     12,695    8,943     1,427
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 15.76   $ 13.30    $ 12.99    $  11.90    $  9.53  $ 11.97   $ 13.04
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      4,048     4,589      5,234       6,009      6,939    6,123     1,419
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 11.19   $ 10.64         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        738       113         --          --         --       --        --
- ------------------------------------------------------------------------------------------------------------------------------------



A-3 Appendix I: Condensed financial information


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME AT
THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006 (CONTINUED)




- ----------------------------------------------------------------------------------------------------------------------------------
                                                                              For the years ending December 31,
                                                           -----------------------------------------------------------------------
                                                             2006        2005      2004      2003        2002      2001       2000
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                                      
 EQ/Long Term Bond
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 10.01    $  9.99         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      567         30         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 12.21    $ 10.58         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      501         58         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 11.70    $ 10.55         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      138         45         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 12.32    $ 11.13         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      531        120         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 16.26    $ 15.11    $ 13.86   $ 12.74    $  9.87    $ 11.33        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)    2,666      1,390      1,251     1,338        701         89        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 23.71    $ 19.92    $ 19.65   $ 18.05    $ 13.98    $ 17.04   $ 16.40
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)    1,301      1,147      1,430     1,339      1,334      1,071       299
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 22.46    $ 18.15    $ 16.63   $ 13.89    $ 11.02    $ 13.42   $ 17.37
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)    3,580      3,145      3,356     3,673      4,227      4,268     2,110
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 14.80    $ 13.94    $ 12.99   $ 11.72    $  9.20    $ 14.23   $ 21.92
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)    2,090      2,422      2,867     3,344      3,796      4,345     2,112
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 10.41    $  9.36    $  8.87   $  8.08    $  6.73    $  8.66   $ 10.47
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)    4,130      4,965      5,788     6,613      7,231      7,160     2,262
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 27.92    $ 27.14    $ 26.87   $ 27.08    $ 27.35    $ 27.44   $ 26.91
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)    2,933      1,954      2,306     3,186      4,967      4,110       826
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $  4.83    $  4.54    $  4.38        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      155         14          6        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 10.70         --         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      623         --         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 11.09         --         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      227         --         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 10.92         --         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      158         --         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 11.09         --         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      186         --         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $  9.81    $  9.92         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)    1,202        300         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ----------------------------------------------------------------------------------------------------------------------------------
  Unit value                                               $ 10.20    $  9.97         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      205         25         --        --         --         --        --
- ----------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-4


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME AT
THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006 (CONTINUED)




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                               For the years ending December 31,
                                                             -----------------------------------------------------------------------
                                                               2006       2005      2004        2003      2002      2001      2000
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 19.31   $  16.89   $ 16.39     $ 14.22   $ 10.51   $ 12.39   $ 10.69
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      2,465      2,629     3,013       3,182     3,460     2,447       588
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  8.65   $   7.97   $  7.53          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        627        195        11          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 16.83   $  14.52   $ 14.15     $ 12.21   $  8.50   $ 10.92   $ 10.87
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      1,231        854     1,001       1,152       974       825       270
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 15.90      16.83   $ 16.44          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         71         15        --          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 10.75         --        --          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        531         --        --          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  6.15   $   5.47   $  5.10          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        424        102         6          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 11.88   $  10.41        --          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        900        131        --          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 18.50   $  13.71   $ 10.48     $  8.61   $  5.61   $  6.06   $  6.49
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      2,602      1,632     1,515       1,462     1,464     1,482       881
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 13.29   $  12.36        --          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        361         40        --          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 14.24   $  11.89   $ 11.36          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        407          5         1          --        --        --        --
- ------------------------------------------------------------------------------------------------------------------------------------



A-5 Appendix I: Condensed financial information


Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an Accumulator(R) Plus(SM) QP
contract should discuss with their tax advisors whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether
the plan provisions permit the investment of plan assets in the QP contract,
the distribution of such an annuity, the purchase of the Guaranteed minimum
income benefit and other guaranteed benefits, and the payment of death benefits
in accordance with the requirements of the federal income tax rules. The QP
contract and this Prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Accumulator(R) Plus(SM)
QP contract or another annuity contract. Therefore, you should purchase an
Accumulator(R) Plus(SM) QP contract to fund a plan for the contract's features
and benefits other than tax deferral after considering the relative costs and
benefits of annuity contracts and other types of arrangements and funding
vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
from the employer. For 401(k) plans, no employee after-tax contributions are
accepted. A "designated Roth contribution account" is not available in the QP
contract. Checks written on accounts held in the name of the employer instead
of the plan or the trustee will not be accepted. Only one additional transfer
contribution may be made per contract year. If amounts attributable to an
excess or mistaken contribution must be withdrawn, a withdrawal charge and/or
market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o the QP contract may not be an appropriate purchase for participants
  approaching or over age 70-1/2;

o provisions in the Treasury Regulations on required minimum distributions
  require that the actuarial present value of additional annuity contract
  benefits be added to the dollar amount credited for purposes of calculating
  required minimum distributions. This could increase the amounts required to
  be distributed;

o the Guaranteed minimum income benefit may not be an appropriate feature for
  participants who are older than 60-1/2 when the contract is issued; and


o if the Guaranteed minimum income benefit is automatically exercised as a
  result of the no lapse guarantee, the payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.


                       Appendix II: Purchase considerations for QP contracts B-1



Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)





- ------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                                 --------------------
                                                                                  5.00%        9.00%
- ------------------------------------------------------------------------------------------------------
                                                                                     
 As of February 15, 2011 before withdrawal
(1) Market adjusted amount(b)                                                   $141,389     $121,737
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- ------------------------------------------------------------------------------------------------------
    On February 15, 2011 after $50,000 withdrawal
- ------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                               $  3,637     $ (3,847)
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
(8) Maturity value(d)                                                           $111,099     $101,287
- ------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:




 (a)      Number of days from the withdrawal date to the maturity date = D = 1,461

 (b)      Market adjusted amount is based on the following calculation:

                                      
            Maturity value                    $171,882
           ---------------         =     ------------------  where j is either 5% or 9%
           (1+j)((D/365))                (1+j)((1,461/365))

 (c)      Fixed maturity amount is based on the following calculation:

            Maturity value                    $171,882
           ----------------         =     --------------------
           (1+h)((D/365))                 (1+0.07)((1,461/365))

(d)       Maturity value is based on the following calculation:

           Fixed maturity amount           $84,741 or $77,257
           ---------------------      =    ---------------------
           (1+h)((D/365))                  (1+0.07)((1,461/365))




C-1 Appendix III: Market value adjustment example


Appendix IV: Enhanced death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit.

The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option or the fixed maturity
options) , no additional contributions, no transfers, no withdrawals and no
loans under a Rollover TSA contract, the enhanced death benefit for an owner
age 45 would be calculated as follows:




- -------------------------------------------------------------------------------------------------------------
  End of Contract                        6% Roll-Up to age 85     Annual Ratchet to age 85      GWBL Enhanced
       Year            Account Value    enhanced benefit base      enhanced benefit base      death benefit
- -------------------------------------------------------------------------------------------------------------
                                                                                
         1              $109,200            $  106,000(3)              $  109,200(1)           $  109,200(5)
         2              $120,120            $  112,360(3)              $  120,120(1)           $  120,120(5)
         3              $134,534            $  119,102(3)              $  134,534(1)           $  134,534(5)
         4              $107,628            $  126,248(4)              $  134,534(2)           $  141,261(6)
         5              $118,390            $  133,823(4)              $  134,534(2)           $  147,988(6)
         6              $132,597            $  141,852(4)              $  134,534(2)           $  154,715(6)
         7              $132,597            $  150,363(4)              $  134,534(2)           $  161,441(6)
- -------------------------------------------------------------------------------------------------------------



The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.

ANNUAL RATCHET TO AGE 85

(1) At the end of contract years 1 through 3, the enhanced death benefit is the
    current account value.


(2) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to or
    higher than the current account value.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.

(3) At the end of contract years 1 through 3, the death benefit will be the
    current account value.

(4) At the end of contract years 4 through 7, the death benefit will be the
    enhanced death benefit.

GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.

(5) At the end of contract years 1 through 3, the death benefit is the current
    account value.

(6) At the end of contract years 4 through 7, the death benefit is the enhanced
    death benefit.


                                 Appendix IV: Enhanced death benefit example D-1


Appendix V: Hypothetical Illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age
85" guaranteed minimum death benefit, the Earnings enhancement benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) Plus(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single$100,000 contribution
and takes no withdrawals. The amounts shown are for the beginning of each
contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying Portfolios (as described
below), the corresponding net annual rates of return would be (2.86)%, 3.14%
for the Accumulator(R) Plus(SM) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges but they do not reflect the charges we deduct from your
account value annually for the optional Guaranteed minimum death benefit, the
Earnings enhancement benefit and the Guaranteed minimum income benefit
features, as well as the annual administrative charge. If the net annual rates
of return did reflect these charges, the net annual rates of return would be
lower; however, the values shown in the following tables reflect the following
contract charges: the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age
85 Guaranteed minimum death benefit charge, Earnings enhancements benefit
charge, the Guaranteed minimum income benefit charge, and any applicable
administrative charge and withdrawal charge. The values shown under "Lifetime
annual guaranteed minimum income benefit" reflect the lifetime income that
would be guaranteed if the Guaranteed minimum income benefit is selected at
that contract date anniversary. An "N/A" in these columns indicates that the
benefit is not exercisable in that year. A "0" under any of the death benefit
and/or "Lifetime annual guaranteed minimum income benefit" columns indicates
that the contract has terminated due to insufficient account value. However,
the Guaranteed minimum income benefit has been automatically exercised and the
owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

E-1 Appendix V: Hypothetical Illustrations



Variable deferred annuity
Accumulator(R) Plus(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 Guaranteed
  minimum death benefit
  Earnings enhancement benefit
  Guaranteed minimum income benefit



                                                               Greater of 6%
                                                             Roll-Up to age 85
                                                               or the Annual
                                                             Ratchet to age 85
                                                            Guaranteed Minimum
                        Account Value        Cash Value        Death Benefit
                     ------------------- ------------------ -------------------
 Age   Contract Year     0%        6%       0%        6%        0%        6%
- ----- -------------- --------- --------- -------- --------- --------- ---------
 60          1        104,000  104,000    96,000    96,000   100,000  100,000
 61          2         99,347  105,565    91,347    97,565   106,000  106,000
 62          3         94,763  107,094    87,763   100,094   112,360  112,360
 63          4         90,242  108,582    83,242   101,582   119,102  119,102
 64          5         85,776  110,021    79,776   104,021   126,248  126,248
 65          6         81,359  111,406    76,359   106,406   133,823  133,823
 66          7         76,982  112,729    72,982   108,729   141,852  141,852
 67          8         72,639  113,982    69,639   110,982   150,363  150,363
 68          9         68,322  115,157    68,322   115,157   159,385  159,385
 69         10         64,024  116,246    64,024   116,246   168,948  168,948
 74         15         42,475  120,023    42,475   120,023   226,090  226,090
 79         20         20,059  119,859    20,059   119,859   302,560  302,560
 84         25              0  113,651         0   113,651         0  404,893
 89         30              0  113,621         0   113,621         0  429,187
 94         35              0  116,699         0   116,699         0  429,187
 95         36              0  117,367         0   117,367         0  429,187

                              Lifetime Annual Guaranteed
                                Minimum Income Benefit
      Total Death Benefit ----------------------------------
       with the Earnings    Guaranteed       Hypothetical
      enhancement benefit      Income            Income
      ------------------- ----------------- ----------------
 Age      0%        6%       0%       6%       0%       6%
- ----- --------- --------- -------- -------- -------- -------

 60    100,000  100,000     N/A      N/A      N/A      N/A
 61    108,400  108,400     N/A      N/A      N/A      N/A
 62    117,304  117,304     N/A      N/A      N/A      N/A
 63    126,742  126,742     N/A      N/A      N/A      N/A
 64    136,747  136,747     N/A      N/A      N/A      N/A
 65    147,352  147,352     N/A      N/A      N/A      N/A
 66    158,593  158,593     N/A      N/A      N/A      N/A
 67    170,508  170,508     N/A      N/A      N/A      N/A
 68    183,139  183,139     N/A      N/A      N/A      N/A
 69    196,527  196,527     N/A      N/A      N/A      N/A
 74    276,527  276,527   14,266   14,266   14,266   14,266
 79    383,584  383,584   20,393   20,393   20,393   20,393
 84          0  493,179   34,821   34,821   34,821   34,821
 89          0  517,472     N/A      N/A      N/A      N/A
 94          0  517,472     N/A      N/A      N/A      N/A
 95          0  517,472     N/A      N/A      N/A      N/A


The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.

                                      Appendix V: Hypothetical Illustrations E-2


Appendix VI: Earnings enhancement benefit example

- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes the
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:



                                                                No Withdrawal   $3000 withdrawal   $6000 withdrawal
    ---------------------------------------------------------------------------------------------------------------
                                                                                       
A   Initial contribution                                           100,000           100,000            100,000
    ---------------------------------------------------------------------------------------------------------------
B   Death benefit: prior to withdrawal.*                           104,000           104,000            104,000
    ---------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit earnings: death
    benefit less net contributions (prior to the withdrawal in
C   D).                                                              4,000             4,000              4,000
    B minus A.
    ---------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                        0                3,000              6,000
    ---------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                      0                  0                2,000
    greater of D minus C or zero
    ---------------------------------------------------------------------------------------------------------------
    Net contributions (adjusted for the withdrawal in D)
F   A minus E                                                      100,000           100,000             98,000
    ---------------------------------------------------------------------------------------------------------------
    Death benefit (adjusted for the withdrawal in D)
G   B minus D                                                      104,000           101,000             98,000
    ---------------------------------------------------------------------------------------------------------------
    Death benefit less net contributions
H   G minus F                                                       4,000             1,000                0
    ---------------------------------------------------------------------------------------------------------------
I   Earnings enhancement benefit factor                              40%               40%                40%
    ---------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit
J   H times I                                                       1,600              400                 0
    ---------------------------------------------------------------------------------------------------------------
    Death benefit: including Earnings enhancement benefit
K   G plus J                                                       105,600           101,400             98,000
    ---------------------------------------------------------------------------------------------------------------


*   The death benefit is the greater of the account value or any applicable
    death benefit.


F-1 Appendix VI: Earnings enhancement benefit example


Appendix VII: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
Plus(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus.


STATES WHERE CERTAIN ACCUMULATOR(R) PLUS(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:



- --------------------------------------------------------------------------------
 State        Features and Benefits
- --------------------------------------------------------------------------------
CALIFORNIA   See "Contract features and benefits"--"Your right to can-
             cel within a certain number of days"
- --------------------------------------------------------------------------------
FLORIDA      See "Contract features and benefits" in "Credits"

- --------------------------------------------------------------------------------
 State        Availability or Variation
- --------------------------------------------------------------------------------
CALIFORNIA   If you reside in the state of California and you are age 60
             and older at the time the contract is issued, you may return
             your variable annuity contract within 30 days from the date
             that you receive it and receive a refund as described below.

             If you allocate your entire initial contribution to the
             EQ/Money Market option (and/or guaranteed interest
             option, if available), the amount of your refund will be equal
             to your contribution less interest, unless you make a trans-
             fer, in which case the amount of your refund will be equal to
             your account value on the date we receive your request to
             cancel at our processing office. This amount could be less
             than your initial contribution. If the Principal guarantee ben-
             efit or Guaranteed withdrawal benefit for life is elected, the
             investment allocation during the 30 day free look period is
             limited to the guaranteed interest option. If you allocate any
             portion of your initial contribution to the variable invest-
             ment options (other than the EQ/Money Market option)
             and/or fixed maturity options, your refund will be equal to
             your account value on the date we receive your request to
             cancel at our processing office.
- --------------------------------------------------------------------------------
FLORIDA      The following information replaces the second bullet to the
             final set of bullets in this section:

             o You may annuitize your contract after thirteen months, however,
               if you elect to receive annuity payments within five years of
               the contract date, we will recover the credit that applies to
               any contribution made in that five years. If you start receiving
               annuity payments after five years from the contract date and
               within three years of making any contribution, we will recover
               the credit that applies to any contribution made within the
               prior three years.
- --------------------------------------------------------------------------------


                     Appendix VII: State contract availability and/or variations
                                            of certain features and benefits G-1



- --------------------------------------------------------------------------------
 State          Features and Benefits
- --------------------------------------------------------------------------------
PENNSYLVANIA   See "Disability, terminal illness, or confinement to nursing
               home" under "withdrawal charge" in "Charges and
               expenses"

               Required disclosure for Pennsylvania customers
- --------------------------------------------------------------------------------
PUERTO RICO    IRA, Roth IRA, Inherited IRA, QP and Rollover TSA contracts
               Beneficiary continuation option (IRA)
- --------------------------------------------------------------------------------
TEXAS          See "Charges that AXA Equitable deducts" under "Annual
               administrative charge" in "Charges and expenses"
- --------------------------------------------------------------------------------
WASHINGTON     Guaranteed interest option
               Investment simplifier -- Fixed-dollar option and Interest
               sweep option

               Fixed maturity options

               Income Manager(SM) payout option

               Earnings enhancement benefit

               See "Guaranteed minimum death benefit/Guaranteed mini-
               mum income benefit roll-up benefit benefit base reset" in
               "Contract features and benefits"

               See "Guaranteed minimum death benefit" in "Contract
               features and benefits"

               See "Annual administrative charge" in "Charges and
               expenses"

               See "Withdrawal charge" in "Charges and expenses"

               See "Withdrawal charge" in "Charges and expenses" under
               "Disability, terminal illness, or confinement to nursing
               home"
- --------------------------------------------------------------------------------
 State          Availability or Variation
- --------------------------------------------------------------------------------
PENNSYLVANIA   o  Item (iii) under this section is deleted in its entirety.

               Any person who knowingly and with intent to defraud any
               insurance company or other person files an application for
               insurance or statement of claim containing any materially
               false information or conceals for the purpose of misleading,
               information concerning any fact material thereto commits a
               fraudulent insurance act, which is a crime and subjects such
               person to criminal and civil penalties.
- --------------------------------------------------------------------------------
PUERTO RICO    Not Available

               Not Available
- --------------------------------------------------------------------------------
TEXAS          o  We will deduct the annual administrative charge, on a pro rata
                  basis, only from your value in the variable investment
                  options. We will not deduct this charge from your value in the
                  guaranteed interest option.
- --------------------------------------------------------------------------------
WASHINGTON     Not available

               Not available

               Not available

               Not available

               Not available

               Your "Greater of 4% Roll-Up to age 85 or Annual Ratchet
               to age 85 enhanced death benefit" benefit base will reset
               only if your account value is greater than your Guaranteed
               minimum income benefit base.

               You have a choice of the standard death benefit, the Annual
               Ratchet to age 85 enhanced death benefit, or the Greater of
               4% Roll-Up to age 85 or Annual Ratchet to age 85
               enhanced death benefit.

               The annual administrative charge will be deducted from the
               value in the variable investment options on a pro rata basis.
               The 10% free withdrawal amount applies to full surrenders.

               The annuitant has qualified to receive Social Security disabil-
               ity benefits as certified by the Social Security Administration
               or a statement from an independent U.S. licensed physician
               stating that the annuitant meets the definition of total dis-
               ability for at least 6 continuous months prior to the notice
               of claim. Such disability must be re-certified every 12
               months.
- --------------------------------------------------------------------------------


G-2 Appendix VII: State contract availability and/or variations of certain
features and benefits


Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                            Page


Who is AXA Equitable?                                                       2
Unit Values                                                                 2

Name Change                                                                 2
Custodian and Independent Registered Public Accounting Firm                 2

Distribution of the Contracts                                               2
Financial Statements                                                        3


How to obtain an Accumulator(R) Plus(SM) Statement of Additional Information for
Separate Account No. 49

Send this request form to:
     Accumulator(R) Plus(SM)
     P.O. Box 1547
     Secaucus, NJ 07096-1547

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me an Accumulator(R) Plus(SM) SAI for Separate Account No. 49 dated
May 1, 2007.


- --------------------------------------------------------------------------------
Name


- --------------------------------------------------------------------------------
Address


- --------------------------------------------------------------------------------
City           State    Zip

                            Plus '02, ML, '04, '06, Jumpstart '07 and '07 Series
                                                                          x01480




Accumulator(R) Plus(SM)
A combination variable and fixed deferred annuity contract

PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) PLUS(SM)?


Accumulator(R) Plus(SM) is a deferred annuity contract issued by AXA Equitable
Life Insurance Company. It provides for the accumulation of retirement savings
and for income. The contract offers death benefit protection and a number of
payout options. You invest to accumulate value on a tax-deferred basis in one
or more of our variable investment options, the guaranteed interest option or
fixed maturity options ("investment options"). This contract may not currently
be available in all states. Certain features and benefits described in this
Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------



(1) The "AXA Allocation" portfolios.

*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "Contract features and benefits" later in this Prospectus for the investment
   option's former name. ** This investment option will be available on or about
   May 29, 2007, subject to regulatory approval.

+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.

++ Please see the supplement included with this Prospectus regarding the planned
   substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of AXA Premier VIP Trust, the EQ Advisors Trust, or The
Universal Institutional Funds, Inc. (the "Trusts"). Your investment results in
a variable investment option will depend on the investment performance of the
related portfolio.

You may also allocate amounts to the guaranteed interest option and the fixed
maturity options, which are discussed later in this Prospectus. If you elect
the Guaranteed withdrawal benefit for life or a Principal guarantee benefit,
your investment options will be limited to the guaranteed interest option and
certain permitted variable investment option(s). The permitted variable
investment options are described later in this Prospectus.


TYPES OF CONTRACTS. We offer the contracts for use as:

o A nonqualified annuity ("NQ") for after-tax contributions only.

o An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
  IRA") or Roth IRA ("Roth Conversion IRA").

o An annuity that is an investment vehicle for a qualified defined contribution
  plan ("QP") (Rollover and direct transfer contributions only).

o An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
  ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $10,000 is required to purchase a contract. We add
an amount ("credit") to your contract with each contribution you make. Expenses
for this contract may be higher than for a comparable contract without a
credit. Over time, the amount of the credit may be more than offset by fees and
charges associated with the credit.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, N.J. 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.




The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.

                                   X01463/Plus Jumpstart '07 Series/new biz only





Contents of this Prospectus
- --------------------------------------------------------------------

ACCUMULATOR(R) PLUS(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4

Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) Plus(SM) at a glance -- key features                          9

- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     15
Condensed financial information                                             19

- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           20
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        20
Owner and annuitant requirements                                            24
How you can make your contributions                                         24
What are your investment options under the contract?                        24
Portfolios of the Trusts                                                    25
Allocating your contributions                                               31
Credits                                                                     32
Guaranteed minimum death benefit and Guaranteed
     minimum income benefit base                                            33
Annuity purchase factors                                                    34
Guaranteed minimum income benefit option                                    35
Guaranteed minimum death benefit                                            37
Guaranteed withdrawal benefit for life ("GWBL")                             38
Principal guarantee benefits                                                42
Your right to cancel within a certain number of days                        42

- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        44
- --------------------------------------------------------------------------------
Your account value and cash value                                           44
Your contract's value in the variable investment options                    44
Your contract's value in the guaranteed interest option                     44
Your contract's value in the fixed maturity options                         44
Insufficient account value                                                  44

- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG THE INVESTMENT OPTIONS                     46
- --------------------------------------------------------------------------------
Transferring your account value                                             46
Disruptive transfer activity                                                46
Rebalancing your account value                                              47

- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

2  Contents of this Prospectus


- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     49
- --------------------------------------------------------------------------------
Withdrawing your account value                                              49
How withdrawals are taken from your account value                           51
How withdrawals affect your Guaranteed minimum
     income benefit, Guaranteed minimum death benefit
     and Principal guarantee benefits                                       51
How withdrawals affect your GWBL and GWBL
     Guaranteed minimum death benefit                                       51
Withdrawals treated as surrenders                                           52
Loans under Rollover TSA contracts                                          52
Surrendering your contract to receive its cash value                        53
When to expect payments                                                     53
Your annuity payout options                                                 53

- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     56
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          56
Charges that the Trusts deduct                                              59
Group or sponsored arrangements                                             59
Other distribution arrangements                                             60

- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 61
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     61
Beneficiary continuation option                                             63

- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          65
- --------------------------------------------------------------------------------
Overview                                                                    65
Buying a contract to fund a retirement arrangement                          65
Transfers among variable investment options                                 65
Taxation of nonqualified annuities                                          65
Individual retirement arrangements (IRAs)                                   67
Tax-sheltered annuity contracts (TSAs)                                      77
Federal and state income tax withholding and information
     reporting                                                              80
Special rules for contracts funding qualified plans                         81
Impact of taxes to AXA Equitable                                            81

- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         82
- --------------------------------------------------------------------------------
About Separate Account No. 49                                               82
About the Trusts                                                            82
About our fixed maturity options                                            82
About the general account                                                   83
About other methods of payment                                              84
Dates and prices at which contract events occur                             84
About your voting rights                                                    85
About legal proceedings                                                     85
Financial statements                                                        85
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          85

About Custodial IRAs                                                        86

Distribution of the contracts                                               86

- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          88
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
I   -- Condensed financial information                                     A-1
II  -- Purchase considerations for QP contracts                            B-1
III -- Market value adjustment example                                     C-1
IV  -- Enhanced death benefit example                                      D-1
V   -- Hypothetical illustrations                                          E-1
VI  -- Earnings enhancement benefit example                                F-1
VII -- State contract availability and/or variations
            of certain features and benefits                               G-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3


Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.





                                                                Page
   6% Roll-Up to age 85                                           33
   account value                                                  44
   administrative charge                                          56
   annual administrative charge                                   56
   Annual Ratchet                                                 40
   Annual Ratchet to age 85 enhanced death benefit                34
   annuitant                                                      20
   annuitization                                                  53
   annuity maturity date                                          55
   annuity payout options                                         53
   annuity purchase factors                                       34
   automatic investment program                                   84
   AXA Allocation portfolios                                   cover
   beneficiary                                                    61
   Beneficiary continuation option ("BCO")                        63
   benefit base                                                   39
   business day                                                   84
   cash value                                                     44
   charges for state premium and other applicable taxes           59
   contract date                                                  24
   contract date anniversary                                      24
   contract year                                                  24
   Contributions to Roth IRAs                                     74
      regular contributions                                       74
      rollovers and transfers                                     74
      conversion contributions                                    75
   contributions to traditional IRAs                              68
      regular contributions                                       68
      rollovers and transfers                                     69
   credit                                                         32
   disability, terminal illness or confinement to nursing home    57
   disruptive transfer activity                                   46
   distribution charge                                            56
   Earnings Enhancement benefit                                   59
   Earnings Enhancement benefit charge                            59
   EQAccess                                                        7
   ERISA                                                          52
   Fixed-dollar option                                            31
   fixed maturity options                                         30
   free look                                                      42
   free withdrawal amount                                         57
   general account                                                83
   General dollar cost averaging                                  31
   Guaranteed interest option                                     30
   Guaranteed minimum death benefit                               37
   Guaranteed minimum death benefit/Guaranteed
      minimum income benefit roll-up benefit base
      reset option                                                34
   Guaranteed minimum income benefit                              35
   Guaranteed minimum income benefit "no lapse guarantee"         35
   Guaranteed minimum income benefit charge                       58
   Guaranteed withdrawal benefit for life                         38
   Guaranteed withdrawal benefit for life charge                  59
   IRA                                                         cover
   IRS                                                            65
   Investment simplifier                                          31
   lifetime required minimum distribution withdrawals             50
   loan reserve account                                           52
   loans under Rollover TSA                                       52
   market adjusted amount                                         30
   market value adjustment                                        30
   market timing                                                  46
   maturity dates                                                 30
   maturity value                                                 30
   Mortality and expense risks charge                             56
   NQ                                                          cover
   partial withdrawals                                            49
   permitted variable investment options                          24
   portfolio                                                   cover
   Principal guarantee benefits                                   42
   processing office                                               7
   QP                                                          cover
   rate to maturity                                               30
   Rebalancing                                                    47
   Rollover IRA                                                cover
   Rollover TSA                                                cover
   Roth Conversion IRA                                         cover
   Roth IRA                                                    cover
   SAI                                                         cover
   SEC                                                         cover
   self-directed allocation                                       31
   Separate Account No. 49                                        82
   Standard death benefit                                         33
   substantially equal withdrawals                                50
   Spousal continuation                                           62
   systematic withdrawals                                         49
   TOPS                                                            7
   TSA                                                         cover
   traditional IRA                                             cover
   Trusts                                                         82
   unit                                                           44
   variable investment options                                    24
   wire transmittals and electronic applications                  84
   withdrawal charge                                              57


To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract or supplemental materials.

- --------------------------------------------------------------------------------
 Prospectus                      Contract or Supplemental Materials
- --------------------------------------------------------------------------------
  fixed maturity options        Guarantee Periods (Guaranteed Fixed Interest
                                Accounts in supplemental materials)
  variable investment options   Investment Funds
- --------------------------------------------------------------------------------


4 Index of key words and phrases






- --------------------------------------------------------------------------------
 Prospectus                                 Contract or Supplemental Materials
- --------------------------------------------------------------------------------
  account value                            Annuity Account Value
  rate to maturity                         Guaranteed Rates
  unit                                     Accumulation Unit
  Guaranteed minimum death benefit         Guaranteed death benefit
  Guaranteed minimum income benefit        Guaranteed Income Benefit
  Guaranteed interest option               Guaranteed Interest Account
  Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
  GWBL benefit base                        Guaranteed withdrawal benefit for
                                              life benefit base
  Guaranteed annual withdrawal amount      Guaranteed withdrawal benefit for
                                              life Annual withdrawal amount
  GWBL Excess withdrawal                   Guaranteed withdrawal benefit for
                                              life Excess withdrawal
- --------------------------------------------------------------------------------


                                                Index of key words and phrases 5




Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.



6  Who is AXA Equitable?





HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.




- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Plus(SM)
P.O. Box 13014
Newark, NJ 07188-0014




- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R) Plus(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R) Plus(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS DELIV-
 ERY:
- --------------------------------------------------------------------------------

Accumulator(R) Plus(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094




- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o written confirmation of financial transactions;

o statement of your contract values at the close of each calendar year and any
  calendar quarter in which there was a financial transaction; and


o annual statement of your contract values as of the close of the contract
  year, including notification of eligibility to exercise the Guaranteed
  minimum income benefit and/or the Roll-Up benefit base reset option.



- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------

TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o your current account value;

o your current allocation percentages;

o the number of units you have in the variable investment options;

o rates to maturity for the fixed maturity options;

o the daily unit values for the variable investment options; and

o performance information regarding the variable investment options (not
  available through TOPS).

You can also:

o change your allocation percentages and/or transfer among the variable
  investment options;

o elect to receive certain contract statements electronically;

o change your address (not available through TOPS);

o change your TOPS personal identification number ("PIN") (through TOPS only)
  and your EQAccess password (through EQAccess only); and

o access Frequently Asked Questions and Service Forms (not available through
  TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).


                                                        Who is AXA Equitable?  7





- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.


WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts and
     contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;


(14) requests to reset your Roll-Up benefit base (for contracts that have both
     the Guaranteed minimum income benefit and the Greater of 6% Roll-Up to age
     85 or Annual Ratchet to age 85 enhanced death benefit);


(15) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(16) death claims;

(17) change in ownership (NQ only);

(18) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL"); and

(19) requests to reset the guaranteed minimum value for contracts with a
     Principal guarantee benefit.


WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between variable investment options;

(4)  contract surrender and withdrawal requests; and

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options)


TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  dollar cost averaging (including the fixed dollar amount and interest sweep
     options);

(3)  rebalancing;

(4)  substantially equal withdrawals;

(5)  systematic withdrawals; and

(6)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.


SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners both must sign.



8  Who is AXA Equitable?




Accumulator(R) Plus(SM) at a glance -- key features

- --------------------------------------------------------------------------------




                                            
- ------------------------------------------------------------------------------------------------------------------------------------
Professional investment   Accumulator(R) Plus(SM) variable investment options invest in different portfolios managed by
management                professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options    o Fixed maturity options ("FMOs") with maturities ranging from approximately 1 to 10 years
                            (subject to availability).

                          o Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                            maturity.
                          ----------------------------------------------------------------------------------------------------------
                          If you make withdrawals or transfers from a fixed maturity option before maturity, there will be
                          a market value adjustment due to differences in interest rates. If you withdraw or transfer only
                          a portion of a fixed maturity amount, this may increase or decrease any value that you have left
                          in that fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest       o Principal and interest guarantees.
option
                          o Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations        o No tax on earnings inside the contract until you make withdrawals from your contract or receive annuity
                            payments.

                          o No tax on transfers among variable investment options inside the contract.
                          ----------------------------------------------------------------------------------------------------------
                          If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax Sheltered
                          Annuity (TSA), or to fund an employer retirement plan (QP or Qualified Plan), you should be aware that
                          such annuities do not provide tax deferral benefits beyond those already provided by the Internal Revenue
                          Code. Before purchasing one of these annuities, you should consider whether its features and benefits
                          beyond tax deferral meet your needs and goals. You may also want to consider the relative features,
                          benefits and costs of these annuities compared with any other investment that you may use in connection
                          with your retirement plan or arrangement. Depending on your personal situation, the contract's guaranteed
                          benefits may have limited usefulness because of required minimum distributions ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum        The Guaranteed minimum income benefit provides income protection for you during your life once
income benefit            you elect to annuitize the contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal     The Guaranteed withdrawal benefit for life option ("GWBL") guarantees that you can take withdrawals up to
benefit for life          a maximum amount each contract year (your "Guaranteed annual withdrawal amount") beginning at age 45 or
                          later. Withdrawals are taken from your account value and continue during your lifetime even if your
                          account value falls to zero (unless it is caused by a withdrawal that exceeds your Guaranteed annual
                          withdrawal amount).
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts      o Initial minimum:      $10,000

                          o Additional minimum:   $500 (NQ, QP and Rollover TSA contracts)
                                                  $100 monthly and $300 quarterly under our automatic investment program
                                                  (NQ contracts)
                                                  $50 (IRA contracts)
                          ----------------------------------------------------------------------------------------------------------
                          Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million under
                          all Accumulator(R) series with the same owner or annuitant. We reserve the right to limit aggregate
                          contributions made after the first contract year to 150% of first-year contributions. See "How you can
                          purchase and contribute to your contract" in "Contract features and benefits" later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Credit                    We allocate your contributions to your account value. We allocate a credit to your account value
                          at the same time that we allocate your contributions. The credit will apply to additional contribution
                          amounts only to the extent that those amounts exceed total withdrawals from the contract. The amount of
                          credit may be up to 5% of each contribution, depending on certain factors. The credit is subject to
                          recovery by us in certain limited circumstances.
- ------------------------------------------------------------------------------------------------------------------------------------



                           Accumulator(R) Plus(SM) at a glance -- key features 9






- --------------------------------------------------------------------------------
Access to your money        o Lump sum withdrawals

                            o Several withdrawal options on a periodic basis

                            o Loans under Rollover TSA contracts

                            o Contract surrender

                            o Maximum payment plan (only under contracts with
                              GWBL)

                            o Customized payment plan (only under contracts with
                              GWBL)

                            You may incur a withdrawal charge for certain
                            withdrawals or if you surrender your contract.
                            You may also incur income tax and a tax penalty.
                            Certain withdrawals will diminish the value of
                            optional benefits.
- --------------------------------------------------------------------------------
Payout options              o Fixed annuity payout options

                            o Variable Immediate Annuity payout options
                              (described in a separate prospectus for that
                              option)

                            o Income Manager(SM) payout options (described in a
                              separate prospectus for that option)
- --------------------------------------------------------------------------------
Additional features         o Guaranteed minimum death benefit options

                            o Principal guarantee benefits

                            o Dollar cost averaging

                            o Automatic investment program

                            o Account value rebalancing (quarterly,
                              semiannually, and annually)

                            o Free transfers

                            o Waiver of withdrawal charge for disability,
                              terminal illness, confinement to a nursing home
                              and certain other withdrawals

                            o Earnings enhancement benefit, an optional death
                              benefit available under certain contracts

                            o Spousal continuation

                            o Beneficiary continuation option

                            o Guaranteed minimum death benefit/Guaranteed
                              minimum income benefit roll-up benefit base reset
- --------------------------------------------------------------------------------
Fees and charges            Please see "Fee table" later in this section for
                            complete details.
- --------------------------------------------------------------------------------
Owner and annuitant issue   NQ: 0-80
ages                        Rollover IRA, Roth Conversion
                            IRA and Rollover TSA: 20-80
                            QP: 20-70
- --------------------------------------------------------------------------------


The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.


OTHER CONTRACTS


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.



10 Accumulator(R) Plus(SM) at a glance -- key features





Fee table

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time you
surrender the contract or if you make certain withdrawals or apply your cash
value to certain payout options or if you purchase a Variable Immediate
Annuity. Charges designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state, may also apply.




                                                                         
- -------------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain transactions
- -------------------------------------------------------------------------------------------
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract, make certain
withdrawals, or apply your cash value to certain payout options).(1)         8.00%

Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                       $ 350
- -------------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- -------------------------------------------------------------------------------------------

Maximum annual administrative charge(2)
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                                $  30
   If your account value on a contract date anniversary is $50,000
   or more                                                                   $   0
- -------------------------------------------------------------------------------------------
The next table describes the fees and expenses that you will pay periodically during the
time that you own the contract, not including the underly-
ing trust portfolio fees and expenses.
- -------------------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual percentage
of daily net assets
- -------------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:

Mortality and expense risks                                                  0.95%(4)
Administrative                                                               0.35%
Distribution                                                                 0.25%
                                                                             -------
Total Separate account annual expenses                                       1.55%
- -------------------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect any of the following
optional benefits
- -------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)
   Standard death benefit and GWBL Standard death benefit                    0.00%
   Annual Ratchet to age 85                                                  0.25%
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85               0.65%
   GWBL Enhanced death benefit                                               0.30%
- -------------------------------------------------------------------------------------------
Principal guarantee benefits charge (calculated as a percentage
of the account value. Deducted annually(2) on each contract date anni-
versary for which the benefit is in effect.)
   100% Principal guarantee benefit                                          0.50%
   125% Principal guarantee benefit                                          0.75%
- -------------------------------------------------------------------------------------------
Guaranteed minimum income benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect.)               0.65%
- -------------------------------------------------------------------------------------------



                                                                    Fee table 11







                                                                                        
- ------------------------------------------------------------------------------------------------------------------------------------
Earnings enhancement benefit charge (calculated as a percent-
age of the account value. Deducted annually(2) on each contract date
anniversary for which the benefit is in effect.)                                           0.35%
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal benefit for life benefit charge (calcu-                              0.60% for the Single Life option
lated as a percentage of the GWBL benefit base. Deducted annually(2)                       0.75% for the Joint Life option
on each contract date anniversary.)

If your GWBL benefit base ratchets, we reserve the right to increase                       0.75% for the Single Life option
your charge up to:                                                                         0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life " in "Contract features and benefits" for more information about this feature,
including its benefit base and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life benefit charge" in
"Charges and expenses," both later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Net loan interest charge -- Rollover TSA contracts only (calcu-
lated and deducted daily as a percentage of the outstanding loan
amount)                                                                                    2.00%(5)



- --------------------------------------------------------------------------------
You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.



                                                                                        
- ------------------------------------------------------------------------------------------------------------------------------------
 Portfolio operating expenses expressed as an annual percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or
other expenses)(6)                                                                 0.63%      3.15%







This table shows the fees and expenses for 2006 as an annual percentage of each Portfolio's
daily average net assets.

- ---------------------------------------------------------------------------------------------
                                                          Manage-
                                                           ment      12b-1      Other
Portfolio Name                                            Fees(7)   Fees(8)   Expenses(9)
- ---------------------------------------------------------------------------------------------
                                                                      
AXA Premier VIP Trust:
- ---------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.10%      0.25%     0.18%
AXA Conservative Allocation                               0.10%      0.25%     0.22%
AXA Conservative-Plus Allocation                          0.10%      0.25%     0.18%
AXA Moderate Allocation                                   0.10%      0.25%     0.17%
AXA Moderate-Plus Allocation                              0.10%      0.25%     0.17%
Multimanager Aggressive Equity*                           0.61%      0.25%     0.19%
Multimanager Core Bond*                                   0.59%      0.25%     0.18%
Multimanager Health Care*                                 1.20%      0.25%     0.23%
Multimanager High Yield*                                  0.58%      0.25%     0.18%
Multimanager International Equity*                        1.02%      0.25%     0.26%
Multimanager Large Cap Core Equity*                       0.90%      0.25%     0.20%
Multimanager Large Cap Growth*                            0.90%      0.25%     0.22%
Multimanager Large Cap Value*                             0.88%      0.25%     0.22%
Multimanager Mid Cap Growth*                              1.10%      0.25%     0.20%
Multimanager Mid Cap Value*                               1.10%      0.25%     0.21%
Multimanager Technology *                                 1.20%      0.25%     0.23%
- ---------------------------------------------------------------------------------------------
EQ Advisors Trust:
- ---------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%     0.13%
EQ/AllianceBernstein Growth and Income++                  0.56%      0.25%     0.12%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%     0.14%
EQ/AllianceBernstein International                        0.71%      0.25%     0.20%
EQ/AllianceBernstein Large Cap Growth                     0.90%      0.25%     0.11%
EQ/AllianceBernstein Quality Bond                         0.50%      0.25%     0.14%
EQ/AllianceBernstein Small Cap Growth                     0.74%      0.25%     0.13%
- ---------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------
                                                                              Total
                                                               Acquired       Annual                   Net Total
                                                              Fund Fees      Expenses    Fee Waiv-      Annual
                                                                 and          (Before   ers and/or     Expenses
                                                               Expenses       Expense     Expense       (After
                                                             (Underlying      Limita-   Reimburse-     Expense
Portfolio Name                                             Portfolios)(10)    tions)     ments(11)   Limitations)
- ------------------------------------------------------------------------------------------------------------------
                                                                                        
AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.91%             1.44%      (0.18)%      1.26%
AXA Conservative Allocation                               0.67%             1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation                          0.72%             1.25%      (0.18)%      1.07%
AXA Moderate Allocation                                   0.78%             1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation                              0.85%             1.37%      (0.17)%      1.20%
Multimanager Aggressive Equity*                            --              1.05%         --        1.05%
Multimanager Core Bond*                                     --              1.02%      (0.07)%      0.95%
Multimanager Health Care*                                   --              1.68%       0.00%       1.68%
Multimanager High Yield*                                    --              1.01%         --        1.01%
Multimanager International Equity*                          --              1.53%       0.00%       1.53%
Multimanager Large Cap Core Equity*                         --              1.35%       0.00%       1.35%
Multimanager Large Cap Growth*                              --              1.37%      (0.02)%      1.35%
Multimanager Large Cap Value*                               --              1.35%       0.00%       1.35%
Multimanager Mid Cap Growth*                              0.01%             1.56%       0.00%       1.56%
Multimanager Mid Cap Value*                               0.03%             1.59%       0.00%       1.59%
Multimanager Technology *                                   --              1.68%       0.00%       1.68%
- ------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           --              0.85%         --        0.85%
EQ/AllianceBernstein Growth and Income++                    --              0.93%         --        0.93%
EQ/AllianceBernstein Intermediate Government Securities     --              0.89%         --        0.89%
EQ/AllianceBernstein International                          --              1.16%      (0.06)%      1.10%
EQ/AllianceBernstein Large Cap Growth                       --              1.26%      (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond                           --              0.89%         --        0.89%
EQ/AllianceBernstein Small Cap Growth                       --              1.12%         --        1.12%
- ------------------------------------------------------------------------------------------------------------------



12 Fee table







This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.
- --------------------------------------------------------------------------------
                                              Manage-
                                               ment       12b-1     Other
Portfolio Name                                Fees(7)   Fees(8)   Expenses(9)
- --------------------------------------------------------------------------------
                                                        
EQ/AllianceBernstein Value                  0.60%      0.25%     0.13%
EQ/Ariel Appreciation II                    0.75%      0.25%     0.51%
EQ/AXA Rosenberg Value Long/Short Equity    1.40%      0.25%     1.44%
EQ/BlackRock Basic Value Equity*            0.55%      0.25%     0.14%
EQ/BlackRock International Value*           0.82%      0.25%     0.21%
EQ/Boston Advisors Equity Income            0.75%      0.25%     0.15%
EQ/Calvert Socially Responsible             0.65%      0.25%     0.25%
EQ/Capital Guardian Growth                  0.65%      0.25%     0.16%
EQ/Capital Guardian International+          0.83%      0.25%     0.21%
EQ/Capital Guardian Research                0.65%      0.25%     0.13%
EQ/Capital Guardian U.S. Equity++           0.64%      0.25%     0.14%
EQ/Caywood-Scholl High Yield Bond           0.60%      0.25%     0.18%
EQ/Davis New York Venture                   0.85%      0.25%     0.74%
EQ/Equity 500 Index                         0.25%      0.25%     0.13%
EQ/Evergreen International Bond             0.70%      0.25%     0.23%
EQ/Evergreen Omega                          0.65%      0.25%     0.21%
EQ/FI Mid Cap                               0.68%      0.25%     0.15%
EQ/FI Mid Cap Value+                        0.73%      0.25%     0.13%
EQ/Franklin Income                          0.90%      0.25%     0.38%
EQ/Franklin Small Cap Value                 0.90%      0.25%     2.00%
EQ/Franklin Templeton Founding Strategy**   0.05%      0.25%     0.21%
EQ/GAMCO Mergers and Acquisitions           0.90%      0.25%     0.33%
EQ/GAMCO Small Company Value                0.78%      0.25%     0.14%
EQ/International Growth                     0.85%      0.25%     0.35%
EQ/Janus Large Cap Growth++                 0.90%      0.25%     0.15%
EQ/JPMorgan Core Bond                       0.44%      0.25%     0.15%
EQ/JPMorgan Value Opportunities             0.60%      0.25%     0.16%
EQ/Legg Mason Value Equity                  0.65%      0.25%     0.22%
EQ/Long Term Bond                           0.43%      0.25%     0.15%
EQ/Lord Abbett Growth and Income            0.65%      0.25%     0.26%
EQ/Lord Abbett Large Cap Core               0.65%      0.25%     0.41%
EQ/Lord Abbett Mid Cap Value                0.70%      0.25%     0.18%
EQ/Marsico Focus                            0.85%      0.25%     0.13%
EQ/MFS Emerging Growth Companies+           0.65%      0.25%     0.15%
EQ/MFS Investors Trust+                     0.60%      0.25%     0.16%
EQ/Money Market                             0.33%      0.25%     0.14%
EQ/Montag & Caldwell Growth                 0.75%      0.25%     0.16%
EQ/Mutual Shares                            0.90%      0.25%     0.50%
EQ/Oppenheimer Global                       0.95%      0.25%     1.30%
EQ/Oppenheimer Main Street Opportunity      0.85%      0.25%     1.58%
EQ/Oppenheimer Main Street Small Cap        0.90%      0.25%     1.48%
EQ/PIMCO Real Return                        0.55%      0.25%     0.18%
EQ/Short Duration Bond                      0.43%      0.25%     0.14%
EQ/Small Cap Value+                         0.73%      0.25%     0.15%
EQ/Small Company Growth+                    1.00%      0.25%     0.17%
EQ/Small Company Index                      0.25%      0.25%     0.16%
EQ/TCW Equity++                             0.80%      0.25%     0.16%
EQ/Templeton Growth                         0.95%      0.25%     0.64%
EQ/UBS Growth and Income                    0.75%      0.25%     0.17%
EQ/Van Kampen Comstock                      0.65%      0.25%     0.19%
EQ/Van Kampen Emerging Markets Equity       1.12%      0.25%     0.40%
EQ/Van Kampen Mid Cap Growth                0.70%      0.25%     0.23%
EQ/Wells Fargo Montgomery Small Cap++       0.85%      0.25%     0.41%
- --------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- -------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              0.74%      0.35%     0.27%
- --------------------------------------------------------------------------------


- ---------------------------------------------------------------------------------------------------
                                                                 Total
                                                 Acquired       Annual                   Net Total
                                                Fund Fees      Expenses    Fee Waiv-      Annual
                                                   and          (Before   ers and/or     Expenses
                                                 Expenses       Expense     Expense       (After
                                               (Underlying      Limita-   Reimburse-     Expense
Portfolio Name                               Portfolios)(10)    tions)     ments(11)   Limitations)
- ---------------------------------------------------------------------------------------------------
                                                                          
EQ/AllianceBernstein Value                    --              0.98%      (0.03)%      0.95%
EQ/Ariel Appreciation II                      --              1.51%      (0.36)%      1.15%
EQ/AXA Rosenberg Value Long/Short Equity      --              3.09%      (1.10)%      1.99%
EQ/BlackRock Basic Value Equity*              --              0.94%       0.00%       0.94%
EQ/BlackRock International Value*             --              1.28%      (0.03)%      1.25%
EQ/Boston Advisors Equity Income              --              1.15%      (0.10)%      1.05%
EQ/Calvert Socially Responsible               --              1.15%      (0.10)%      1.05%
EQ/Capital Guardian Growth                    --              1.06%      (0.11)%      0.95%
EQ/Capital Guardian International+            --              1.29%      (0.09)%      1.20%
EQ/Capital Guardian Research                  --              1.03%      (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++             --              1.03%      (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond             --              1.03%      (0.03)%      1.00%
EQ/Davis New York Venture                     --              1.84%      (0.54)%      1.30%
EQ/Equity 500 Index                           --              0.63%         --        0.63%
EQ/Evergreen International Bond               --              1.18%      (0.03)%      1.15%
EQ/Evergreen Omega                            --              1.11%       0.00%       1.11%
EQ/FI Mid Cap                                 --              1.08%      (0.08)%      1.00%
EQ/FI Mid Cap Value+                          --              1.11%      (0.01)%      1.10%
EQ/Franklin Income                            --              1.53%      (0.23)%      1.30%
EQ/Franklin Small Cap Value                   --              3.15%      (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**   1.07%             1.58%      (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions             --              1.48%      (0.03)%      1.45%
EQ/GAMCO Small Company Value                  --              1.17%       0.00%       1.17%
EQ/International Growth                       --              1.45%       0.00%       1.45%
EQ/Janus Large Cap Growth++                   --              1.30%      (0.15)%      1.15%
EQ/JPMorgan Core Bond                         --              0.84%       0.00%       0.84%
EQ/JPMorgan Value Opportunities               --              1.01%      (0.06)%      0.95%
EQ/Legg Mason Value Equity                    --              1.12%      (0.12)%      1.00%
EQ/Long Term Bond                             --              0.83%       0.00%       0.83%
EQ/Lord Abbett Growth and Income              --              1.16%      (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core                 --              1.31%      (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                  --              1.13%      (0.08)%      1.05%
EQ/Marsico Focus                              --              1.23%      (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+             --              1.05%         --        1.05%
EQ/MFS Investors Trust+                       --              1.01%      (0.06)%      0.95%
EQ/Money Market                               --              0.72%         --        0.72%
EQ/Montag & Caldwell Growth                   --              1.16%      (0.01)%      1.15%
EQ/Mutual Shares                              --              1.65%      (0.35)%      1.30%
EQ/Oppenheimer Global                       0.01%             2.51%      (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity        --              2.68%      (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap          --              2.63%      (1.33)%      1.30%
EQ/PIMCO Real Return                          --              0.98%      (0.08)%      0.90%
EQ/Short Duration Bond                        --              0.82%       0.00%       0.82%
EQ/Small Cap Value+                           --              1.13%      (0.03)%      1.10%
EQ/Small Company Growth+                      --              1.42%      (0.12)%      1.30%
EQ/Small Company Index                      0.01%             0.67%       0.00%       0.67%
EQ/TCW Equity++                               --              1.21%      (0.06)%      1.15%
EQ/Templeton Growth                           --              1.84%      (0.49)%      1.35%
EQ/UBS Growth and Income                      --              1.17%      (0.12)%      1.05%
EQ/Van Kampen Comstock                        --              1.09%      (0.09)%      1.00%
EQ/Van Kampen Emerging Markets Equity         --              1.77%       0.00%       1.77%
EQ/Van Kampen Mid Cap Growth                  --              1.18%      (0.13)%      1.05%
EQ/Wells Fargo Montgomery Small Cap++         --              1.51%      (0.21)%      1.30%
- ---------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- ---------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                --              1.36%      (0.10)%      1.26%
- ---------------------------------------------------------------------------------------------------







                                                                    Fee table 13





*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "Contract features and ben efits" later in this Prospectus for the investment
   option's former name.

** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.

++ Please see the supplement included with this Prospectus regarding the planned
   substitution or merger of this Portfolio.


Notes:

(1)  Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
     amount, if applicable.




                                                                                        
  The withdrawal charge percentage we use is determined by the contract year in which
  make the withdrawal or surrender your contract. For each contribution, we              Contract
  consider the contract year in which we receive that contribution to be "contract       Year
  year 1")                                                                                 1 .......................... 8.00%
                                                                                           2 .......................... 8.00%
                                                                                           3 .......................... 7.00%
                                                                                           4 .......................... 7.00%
                                                                                           5 .......................... 6.00%
                                                                                           6 .......................... 5.00%
                                                                                           7 .......................... 4.00%
                                                                                           8 .......................... 3.00%
                                                                                           9+ ......................... 0.00%



(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(3)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, if applicable,
     the charge is $30 for each contract year.

(4)  These charges compensate us for certain risks we assume and expenses we
     incur under the contract. They also compensate us for the expense
     associated with the credit. We expect to make a profit from these charges.

(5)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.

(6)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.

(7)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (11) for any expense
     limitation agreement information.

(8)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940.

(9)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (11) for any expense limitation agreement
     information.

(10) Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(11) The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. Morgan
     Stanley Investment Management Inc., which does business in certain
     instances as "Van Kampen," is the manager of The Universal Institutional
     Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
     agreed to reduce its management fee and/or reimburse the Portfolio so that
     total annual operating expenses of the Portfolio (exclusive of investment
     related expenses, such as foreign country tax expense and interest expense
     on amounts borrowed) are not more than specified amounts. Additionally, the
     distributor of The Universal Institutional Funds, Inc. has agreed to waive
     a portion of the 12b-1 fee for Class II shares. Van Kampen and/or the
     fund's distributor reserves the right to terminate any waiver and/or
     reimbursement at any time without notice. See the Prospectus for each
     applicable underlying Trust for more information about the arrangements. In
     addition, a portion of the brokerage commissions of certain portfolios of
     AXA Premier VIP Trust and EQ Advisors Trust is used to reduce the
     applicable Portfolio's expenses. If the above table reflected both the
     expense limitation arrangements plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:

- --------------------------------------------------
 Portfolio Name
- --------------------------------------------------
   Multimanager Aggressive Equity           1.03%
- --------------------------------------------------
   Multimanager Health Care                 1.63%
- --------------------------------------------------
   Multimanager International Equity        1.52%
- --------------------------------------------------
   Multimanager Large Cap Core Equity       1.33%
- --------------------------------------------------
   Multimanager Large Cap Growth            1.33%
- --------------------------------------------------
   Multimanager Large Cap Value             1.31%
- --------------------------------------------------
   Multimanager Mid Cap Growth              1.52%
- --------------------------------------------------
   Multimanager Mid Cap Value               1.58%
- --------------------------------------------------
   Multimanager Technology                  1.64%
- --------------------------------------------------
   EQ/AllianceBernstein Common Stock        0.83%
- --------------------------------------------------
   EQ/AllianceBernstein Growth and Income   0.92%
- --------------------------------------------------
   EQ/AllianceBernstein Large Cap Growth    1.03%
- --------------------------------------------------
   EQ/AllianceBernstein Small Cap Growth    1.11%
- --------------------------------------------------
   EQ/AllianceBernstein Value               0.94%
- --------------------------------------------------
   EQ/Ariel Appreciation II                 1.01%
- --------------------------------------------------
   EQ/BlackRock Basic Value Equity          0.93%
- --------------------------------------------------



14 Fee table






- --------------------------------------------------
Portfolio Name
- --------------------------------------------------
   EQ/Capital Guardian Growth              0.94%
- --------------------------------------------------
   EQ/Capital Guardian Research            0.94%
- --------------------------------------------------
   EQ/Capital Guardian U.S. Equity         0.94%
- --------------------------------------------------
   EQ/Davis New York Venture               1.27%
- --------------------------------------------------
   EQ/Evergreen Omega                      1.05%
- --------------------------------------------------
   EQ/FI Mid Cap                           0.97%
- --------------------------------------------------
   EQ/FI Mid Cap Value                     1.09%
- --------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions       1.37%
- --------------------------------------------------
   EQ/GAMCO Small Company Value            1.16%
- --------------------------------------------------
   EQ/Janus Large Cap Growth               1.14%
- --------------------------------------------------
   EQ/Legg Mason Value Equity              0.97%
- --------------------------------------------------
   EQ/Lord Abbett Growth and Income        0.99%
- --------------------------------------------------
   EQ/Lord Abbett Large Cap Core           0.99%
- --------------------------------------------------
   EQ/Marsico Focus                        1.14%
- --------------------------------------------------
   EQ/MFS Emerging Growth Companies        1.03%
- --------------------------------------------------
   EQ/MFS Investors Trust                  0.94%
- --------------------------------------------------
   EQ/Montag & Caldwell Growth             1.13%
- --------------------------------------------------
   EQ/Mutual Shares                        1.30%
- --------------------------------------------------
   EQ/Small Cap Value                      1.02%
- --------------------------------------------------
   EQ/UBS Growth and Income                1.03%
- --------------------------------------------------
   EQ/Van Kampen Comstock                  0.99%
- --------------------------------------------------
   EQ/Van Kampen Emerging Markets Equity   1.75%
- --------------------------------------------------
   EQ/Van Kampen Mid Cap Growth            1.01%
- --------------------------------------------------
   EQ/Wells Fargo Montgomery Small Cap     1.20%
- --------------------------------------------------


EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the Greater of 6%
Roll-Up to age 85 or the Annual Ratchet to age 85 and the Earnings enhancement
benefit with either the Guaranteed minimum income benefit or the 125% Principal
guarantee benefit) would pay in the situations illustrated. Each value in the
expense example was calculated with the Guaranteed minimum income benefit
except for the AXA Moderate Allocation portfolio. The AXA Moderate Allocation
portfolio is calculated with either the Guaranteed minimum income benefit or
the 125% Principal guarantee benefit depending on which benefit yielded the
higher expenses. The example uses an average annual administrative charge based
on the charges paid in 2006, which results in an estimated administrative
charge of 0.008% of contract value.


The fixed maturity options and guaranteed interest option are not covered by
the example. However, the annual administrative charge, the withdrawal charge,
the charge for any optional benefits and the charge if you elect a Variable
Immediate Annuity payout option do apply to the fixed maturity options and
guaranteed interest option. A market value adjustment (up or down) may apply as
a result of a withdrawal, transfer, or surrender of amounts from a fixed
maturity option.

The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance.

Although your actual cost may be higher or lower, based on these assumptions,
your cost would be:

                                                                    Fee table 15








- ----------------------------------------------------------------------------------------------------------
                                                If you surrender your contract at the end of the appli-
                                                                   cable time period
- ----------------------------------------------------------------------------------------------------------
 Portfolio Name                                    1 year        3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------------------
                                                                               
AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 1,304.00     $ 2,238.00     $ 3,209.00     $ 5,461.00
AXA Conservative Allocation                   $ 1,282.00     $ 2,174.00     $ 3,107.00     $ 5,278.00
AXA Conservative-Plus Allocation              $ 1,283.00     $ 2,177.00     $ 3,112.00     $ 5,287.00
AXA Moderate Allocation                       $ 1,301.00     $ 2,219.00     $ 3,156.00     $ 5,333.00
AXA Moderate-Plus Allocation                  $ 1,296.00     $ 2,215.00     $ 3,173.00     $ 5,398.00
Multimanager Aggressive Equity*               $ 1,261.00     $ 2,114.00     $ 3,009.00     $ 5,100.00
Multimanager Core Bond*                       $ 1,258.00     $ 2,104.00     $ 2,993.00     $ 5,071.00
Multimanager Health Care*                     $ 1,330.00     $ 2,313.00     $ 3,330.00     $ 5,677.00
Multimanager High Yield*                      $ 1,257.00     $ 2,101.00     $ 2,988.00     $ 5,062.00
Multimanager International Equity*            $ 1,313.00     $ 2,266.00     $ 3,254.00     $ 5,543.00
Multimanager Large Cap Core Equity*           $ 1,294.00     $ 2,209.00     $ 3,163.00     $ 5,379.00
Multimanager Large Cap Growth*                $ 1,296.00     $ 2,215.00     $ 3,173.00     $ 5,398.00
Multimanager Large Cap Value*                 $ 1,294.00     $ 2,209.00     $ 3,163.00     $ 5,379.00
Multimanager Mid Cap Growth*                  $ 1,317.00     $ 2,275.00     $ 3,269.00     $ 5,570.00
Multimanager Mid Cap Value*                   $ 1,320.00     $ 2,285.00     $ 3,284.00     $ 5,596.00
Multimanager Technology*                      $ 1,330.00     $ 2,313.00     $ 3,330.00     $ 5,677.00
- ----------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,239.00     $ 2,050.00     $ 2,905.00     $ 4,908.00
EQ/AllianceBernstein Growth and Income++      $ 1,248.00     $ 2,075.00     $ 2,947.00     $ 4,985.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 1,244.00     $ 2,063.00     $ 2,926.00     $ 4,947.00
EQ/AllianceBernstein International            $ 1,273.00     $ 2,149.00     $ 3,065.00     $ 5,203.00
EQ/AllianceBernstein Large Cap Growth         $ 1,284.00     $ 2,180.00     $ 3,117.00     $ 5,296.00
EQ/AllianceBernstein Quality Bond             $ 1,244.00     $ 2,063.00     $ 2,926.00     $ 4,947.00
EQ/AllianceBernstein Small Cap Growth         $ 1,269.00     $ 2,136.00     $ 3,045.00     $ 5,166.00
EQ/AllianceBernstein Value                    $ 1,253.00     $ 2,091.00     $ 2,973.00     $ 5,033.00
EQ/Ariel Appreciation II                      $ 1,311.00     $ 2,260.00     $ 3,244.00     $ 5,525.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 1,484.00     $ 2,750.00     $ 4,016.00     $ 6,834.00
EQ/BlackRock Basic Value Equity*              $ 1,249.00     $ 2,079.00     $ 2,952.00     $ 4,995.00
EQ/BlackRock International Value*             $ 1,286.00     $ 2,187.00     $ 3,127.00     $ 5,315.00
EQ/Boston Advisors Equity Income              $ 1,272.00     $ 2,145.00     $ 3,060.00     $ 5,194.00
EQ/Calvert Socially Responsible               $ 1,272.00     $ 2,145.00     $ 3,060.00     $ 5,194.00
EQ/Capital Guardian Growth                    $ 1,262.00     $ 2,117.00     $ 3,014.00     $ 5,109.00
EQ/Capital Guardian International+            $ 1,287.00     $ 2,190.00     $ 3,132.00     $ 5,324.00
EQ/Capital Guardian Research                  $ 1,259.00     $ 2,107.00     $ 2,998.00     $ 5,081.00
EQ/Capital Guardian U.S. Equity++             $ 1,259.00     $ 2,107.00     $ 2,998.00     $ 5,081.00
EQ/Caywood-Scholl High Yield Bond             $ 1,259.00     $ 2,107.00     $ 2,998.00     $ 5,081.00
EQ/Davis New York Venture                     $ 1,347.00     $ 2,364.00     $ 3,410.00     $ 5,817.00
EQ/Equity 500 Index                           $ 1,216.00     $ 1,979.00     $ 2,790.00     $ 4,693.00
EQ/Evergreen International Bond               $ 1,275.00     $ 2,155.00     $ 3,076.00     $ 5,222.00
- ----------------------------------------------------------------------------------------------------------


- ---------------------------------------------------------------------------------------------------
                                                        If you annuitize at the end of the
                                              applicable time period and select a non-life contin-
                                             gent period certain annuity option with less than five
                                                                      years
- --------------------------------------------------------------------------------------------------
 Portfolio Name                                 1 year      3 years        5 years        10 years
- --------------------------------------------------------------------------------------------------
                                                                          
AXA PREMIER VIP TRUST:
AXA Aggressive Allocation                       N/A     $ 2,238.00     $ 3,209.00     $ 5,461.00
AXA Conservative Allocation                     N/A     $ 2,174.00     $ 3,107.00     $ 5,278.00
AXA Conservative-Plus Allocation                N/A     $ 2,177.00     $ 3,112.00     $ 5,287.00
AXA Moderate Allocation                         N/A     $ 2,219.00     $ 3,156.00     $ 5,333.00
AXA Moderate-Plus Allocation                    N/A     $ 2,215.00     $ 3,173.00     $ 5,398.00
Multimanager Aggressive Equity*                 N/A     $ 2,114.00     $ 3,009.00     $ 5,100.00
Multimanager Core Bond*                         N/A     $ 2,104.00     $ 2,993.00     $ 5,071.00
Multimanager Health Care*                       N/A     $ 2,313.00     $ 3,330.00     $ 5,677.00
Multimanager High Yield*                        N/A     $ 2,101.00     $ 2,988.00     $ 5,062.00
Multimanager International Equity*              N/A     $ 2,266.00     $ 3,254.00     $ 5,543.00
Multimanager Large Cap Core Equity*             N/A     $ 2,209.00     $ 3,163.00     $ 5,379.00
Multimanager Large Cap Growth*                  N/A     $ 2,215.00     $ 3,173.00     $ 5,398.00
Multimanager Large Cap Value*                   N/A     $ 2,209.00     $ 3,163.00     $ 5,379.00
Multimanager Mid Cap Growth*                    N/A     $ 2,275.00     $ 3,269.00     $ 5,570.00
Multimanager Mid Cap Value*                     N/A     $ 2,285.00     $ 3,284.00     $ 5,596.00
Multimanager Technology*                        N/A     $ 2,313.00     $ 3,330.00     $ 5,677.00
- --------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 2,050.00     $ 2,905.00     $ 4,908.00
EQ/AllianceBernstein Growth and Income++        N/A     $ 2,075.00     $ 2,947.00     $ 4,985.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     N/A     $ 2,063.00     $ 2,926.00     $ 4,947.00
EQ/AllianceBernstein International              N/A     $ 2,149.00     $ 3,065.00     $ 5,203.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 2,180.00     $ 3,117.00     $ 5,296.00
EQ/AllianceBernstein Quality Bond               N/A     $ 2,063.00     $ 2,926.00     $ 4,947.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 2,136.00     $ 3,045.00     $ 5,166.00
EQ/AllianceBernstein Value                      N/A     $ 2,091.00     $ 2,973.00     $ 5,033.00
EQ/Ariel Appreciation II                        N/A     $ 2,260.00     $ 3,244.00     $ 5,525.00
EQ/AXA Rosenberg Value Long/Short Equity        N/A     $ 2,750.00     $ 4,016.00     $ 6,834.00
EQ/BlackRock Basic Value Equity*                N/A     $ 2,079.00     $ 2,952.00     $ 4,995.00
EQ/BlackRock International Value*               N/A     $ 2,187.00     $ 3,127.00     $ 5,315.00
EQ/Boston Advisors Equity Income                N/A     $ 2,145.00     $ 3,060.00     $ 5,194.00
EQ/Calvert Socially Responsible                 N/A     $ 2,145.00     $ 3,060.00     $ 5,194.00
EQ/Capital Guardian Growth                      N/A     $ 2,117.00     $ 3,014.00     $ 5,109.00
EQ/Capital Guardian International+              N/A     $ 2,190.00     $ 3,132.00     $ 5,324.00
EQ/Capital Guardian Research                    N/A     $ 2,107.00     $ 2,998.00     $ 5,081.00
EQ/Capital Guardian U.S. Equity++               N/A     $ 2,107.00     $ 2,998.00     $ 5,081.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 2,107.00     $ 2,998.00     $ 5,081.00
EQ/Davis New York Venture                       N/A     $ 2,364.00     $ 3,410.00     $ 5,817.00
EQ/Equity 500 Index                             N/A     $ 1,979.00     $ 2,790.00     $ 4,693.00
EQ/Evergreen International Bond                 N/A     $ 2,155.00     $ 3,076.00     $ 5,222.00
- --------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------
                                               If you do not surrender your contract at the end of the
                                                                  applicable time period
- -----------------------------------------------------------------------------------------------------------
 Portfolio Name                                1 year       3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------------
                                                                             
AXA PREMIER VIP TRUST:
AXA Aggressive Allocation                     $ 504.00     $ 1,538.00     $ 2,609.00     $ 5,461.00
AXA Conservative Allocation                   $ 482.00     $ 1,474.00     $ 2,507.00     $ 5,278.00
AXA Conservative-Plus Allocation              $ 483.00     $ 1,477.00     $ 2,512.00     $ 5,287.00
AXA Moderate Allocation                       $ 501.00     $ 1,519.00     $ 2,556.00     $ 5,333.00
AXA Moderate-Plus Allocation                  $ 496.00     $ 1,515.00     $ 2,573.00     $ 5,398.00
Multimanager Aggressive Equity*               $ 461.00     $ 1,414.00     $ 2,409.00     $ 5,100.00
Multimanager Core Bond*                       $ 458.00     $ 1,404.00     $ 2,393.00     $ 5,071.00
Multimanager Health Care*                     $ 530.00     $ 1,613.00     $ 2,730.00     $ 5,677.00
Multimanager High Yield*                      $ 457.00     $ 1,401.00     $ 2,388.00     $ 5,062.00
Multimanager International Equity*            $ 513.00     $ 1,566.00     $ 2,654.00     $ 5,543.00
Multimanager Large Cap Core Equity*           $ 494.00     $ 1,509.00     $ 2,563.00     $ 5,379.00
Multimanager Large Cap Growth*                $ 496.00     $ 1,515.00     $ 2,573.00     $ 5,398.00
Multimanager Large Cap Value*                 $ 494.00     $ 1,509.00     $ 2,563.00     $ 5,379.00
Multimanager Mid Cap Growth*                  $ 517.00     $ 1,575.00     $ 2,669.00     $ 5,570.00
Multimanager Mid Cap Value*                   $ 520.00     $ 1,585.00     $ 2,684.00     $ 5,596.00
Multimanager Technology*                      $ 530.00     $ 1,613.00     $ 2,730.00     $ 5,677.00
- -----------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 439.00     $ 1,350.00     $ 2,305.00     $ 4,908.00
EQ/AllianceBernstein Growth and Income++      $ 448.00     $ 1,375.00     $ 2,347.00     $ 4,985.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 444.00     $ 1,363.00     $ 2,326.00     $ 4,947.00
EQ/AllianceBernstein International            $ 473.00     $ 1,449.00     $ 2,465.00     $ 5,203.00
EQ/AllianceBernstein Large Cap Growth         $ 484.00     $ 1,480.00     $ 2,517.00     $ 5,296.00
EQ/AllianceBernstein Quality Bond             $ 444.00     $ 1,363.00     $ 2,326.00     $ 4,947.00
EQ/AllianceBernstein Small Cap Growth         $ 469.00     $ 1,436.00     $ 2,445.00     $ 5,166.00
EQ/AllianceBernstein Value                    $ 453.00     $ 1,391.00     $ 2,373.00     $ 5,033.00
EQ/Ariel Appreciation II                      $ 511.00     $ 1,560.00     $ 2,644.00     $ 5,525.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 684.00     $ 2,050.00     $ 3,416.00     $ 6,834.00
EQ/BlackRock Basic Value Equity*              $ 449.00     $ 1,379.00     $ 2,352.00     $ 4,995.00
EQ/BlackRock International Value*             $ 486.00     $ 1,487.00     $ 2,527.00     $ 5,315.00
EQ/Boston Advisors Equity Income              $ 472.00     $ 1,445.00     $ 2,460.00     $ 5,194.00
EQ/Calvert Socially Responsible               $ 472.00     $ 1,445.00     $ 2,460.00     $ 5,194.00
EQ/Capital Guardian Growth                    $ 462.00     $ 1,417.00     $ 2,414.00     $ 5,109.00
EQ/Capital Guardian International+            $ 487.00     $ 1,490.00     $ 2,532.00     $ 5,324.00
EQ/Capital Guardian Research                  $ 459.00     $ 1,407.00     $ 2,398.00     $ 5,081.00
EQ/Capital Guardian U.S. Equity++             $ 459.00     $ 1,407.00     $ 2,398.00     $ 5,081.00
EQ/Caywood-Scholl High Yield Bond             $ 459.00     $ 1,407.00     $ 2,398.00     $ 5,081.00
EQ/Davis New York Venture                     $ 547.00     $ 1,664.00     $ 2,810.00     $ 5,817.00
EQ/Equity 500 Index                           $ 416.00     $ 1,279.00     $ 2,190.00     $ 4,693.00
EQ/Evergreen International Bond               $ 475.00     $ 1,455.00     $ 2,476.00     $ 5,222.00
- -----------------------------------------------------------------------------------------------------------






16 Fee table







- --------------------------------------------------------------------------------------------------------
                                              If you surrender your contract at the end of the appli-
                                                                 cable time period
- --------------------------------------------------------------------------------------------------------
 Portfolio Name                                  1 year        3 years        5 years        10 years
- --------------------------------------------------------------------------------------------------------
                                                                             
EQ ADVISORS TRUST:
EQ/Evergreen Omega                          $ 1,268.00     $ 2,133.00     $ 3,040.00     $ 5,156.00
EQ/FI Mid Cap                               $ 1,264.00     $ 2,123.00     $ 3,024.00     $ 5,128.00
EQ/FI Mid Cap Value+                        $ 1,268.00     $ 2,133.00     $ 3,040.00     $ 5,156.00
EQ/Franklin Income                          $ 1,313.00     $ 2,266.00     $ 3,254.00     $ 5,543.00
EQ/Franklin Small Cap Value                 $ 1,490.00     $ 2,769.00     $ 4,045.00     $ 6,879.00
EQ/Franklin Templeton Founding Strategy**   $ 1,319.00     $ 2,282.00     $ 3,279.00     $ 5,588.00
EQ/GAMCO Mergers and Acquisitions           $ 1,308.00     $ 2,250.00     $ 3,229.00     $ 5,498.00
EQ/GAMCO Small Company Value                $ 1,274.00     $ 2,152.00     $ 3,071.00     $ 5,213.00
EQ/International Growth                     $ 1,305.00     $ 2,241.00     $ 3,214.00     $ 5,470.00
EQ/Janus Large Cap Growth++                 $ 1,288.00     $ 2,193.00     $ 3,137.00     $ 5,333.00
EQ/JPMorgan Core Bond                       $ 1,238.00     $ 2,047.00     $ 2,900.00     $ 4,899.00
EQ/JPMorgan Value Opportunities             $ 1,257.00     $ 2,101.00     $ 2,988.00     $ 5,062.00
EQ/Legg Mason Value Equity                  $ 1,269.00     $ 2,136.00     $ 3,045.00     $ 5,166.00
EQ/Long Term Bond                           $ 1,237.00     $ 2,043.00     $ 2,895.00     $ 4,889.00
EQ/Lord Abbett Growth and Income            $ 1,273.00     $ 2,149.00     $ 3,065.00     $ 5,203.00
EQ/Lord Abbett Large Cap Core               $ 1,289.00     $ 2,196.00     $ 3,142.00     $ 5,342.00
EQ/Lord Abbett Mid Cap Value                $ 1,270.00     $ 2,139.00     $ 3,050.00     $ 5,175.00
EQ/Marsico Focus                            $ 1,281.00     $ 2,171.00     $ 3,101.00     $ 5,268.00
EQ/MFS Emerging Growth Companies+           $ 1,261.00     $ 2,114.00     $ 3,009.00     $ 5,100.00
EQ/MFS Investors Trust+                     $ 1,257.00     $ 2,101.00     $ 2,988.00     $ 5,062.00
EQ/Money Market                             $ 1,225.00     $ 2,008.00     $ 2,837.00     $ 4,782.00
EQ/Montag & Caldwell Growth                 $ 1,273.00     $ 2,149.00     $ 3,065.00     $ 5,203.00
EQ/Mutual Shares                            $ 1,327.00     $ 2,304.00     $ 3,315.00     $ 5,650.00
EQ/Oppenheimer Global                       $ 1,420.00     $ 2,572.00     $ 3,739.00     $ 6,379.00
EQ/Oppenheimer Main Street Opportunity      $ 1,439.00     $ 2,625.00     $ 3,821.00     $ 6,515.00
EQ/Oppenheimer Main Street Small Cap        $ 1,434.00     $ 2,609.00     $ 3,797.00     $ 6,476.00
EQ/PIMCO Real Return                        $ 1,253.00     $ 2,091.00     $ 2,973.00     $ 5,033.00
EQ/Short Duration Bond                      $ 1,236.00     $ 2,040.00     $ 2,890.00     $ 4,879.00
EQ/Small Cap Value+                         $ 1,270.00     $ 2,139.00     $ 3,050.00     $ 5,175.00
EQ/Small Company Growth+                    $ 1,301.00     $ 2,231.00     $ 3,198.00     $ 5,443.00
EQ/Small Company Index                      $ 1,220.00     $ 1,992.00     $ 2,811.00     $ 4,733.00
EQ/TCW Equity++                             $ 1,278.00     $ 2,165.00     $ 3,091.00     $ 5,250.00
EQ/Templeton Growth                         $ 1,347.00     $ 2,364.00     $ 3,410.00     $ 5,817.00
EQ/UBS Growth and Income                    $ 1,274.00     $ 2,152.00     $ 3,071.00     $ 5,213.00
EQ/Van Kampen Comstock                      $ 1,265.00     $ 2,126.00     $ 3,029.00     $ 5,137.00
EQ/Van Kampen Emerging Markets Equity       $ 1,340.00     $ 2,342.00     $ 3,375.00     $ 5,756.00
EQ/Van Kampen Mid Cap Growth                $ 1,275.00     $ 2,155.00     $ 3,076.00     $ 5,222.00
EQ/Wells Fargo Montgomery Small Cap++       $ 1,311.00     $ 2,260.00     $ 3,244.00     $ 5,525.00
- --------------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- --------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 1,295.00     $ 2,212.00     $ 3,168.00     $ 5,388.00
- --------------------------------------------------------------------------------------------------------


- ---------------------------------------------------------------------------------------------------
                                                      If you annuitize at the end of the
                                             applicable time period and select a non-life contin-
                                            gent period certain annuity option with less than five
                                                                    years
- ---------------------------------------------------------------------------------------------------
 Portfolio Name                               1 year      3 years        5 years        10 years
- ---------------------------------------------------------------------------------------------------
                                                                        
EQ ADVISORS TRUST:
EQ/Evergreen Omega                            N/A     $ 2,133.00     $ 3,040.00     $ 5,156.00
EQ/FI Mid Cap                                 N/A     $ 2,123.00     $ 3,024.00     $ 5,128.00
EQ/FI Mid Cap Value+                          N/A     $ 2,133.00     $ 3,040.00     $ 5,156.00
EQ/Franklin Income                            N/A     $ 2,266.00     $ 3,254.00     $ 5,543.00
EQ/Franklin Small Cap Value                   N/A     $ 2,769.00     $ 4,045.00     $ 6,879.00
EQ/Franklin Templeton Founding Strategy**     N/A     $ 2,282.00     $ 3,279.00     $ 5,588.00
EQ/GAMCO Mergers and Acquisitions             N/A     $ 2,250.00     $ 3,229.00     $ 5,498.00
EQ/GAMCO Small Company Value                  N/A     $ 2,152.00     $ 3,071.00     $ 5,213.00
EQ/International Growth                       N/A     $ 2,241.00     $ 3,214.00     $ 5,470.00
EQ/Janus Large Cap Growth++                   N/A     $ 2,193.00     $ 3,137.00     $ 5,333.00
EQ/JPMorgan Core Bond                         N/A     $ 2,047.00     $ 2,900.00     $ 4,899.00
EQ/JPMorgan Value Opportunities               N/A     $ 2,101.00     $ 2,988.00     $ 5,062.00
EQ/Legg Mason Value Equity                    N/A     $ 2,136.00     $ 3,045.00     $ 5,166.00
EQ/Long Term Bond                             N/A     $ 2,043.00     $ 2,895.00     $ 4,889.00
EQ/Lord Abbett Growth and Income              N/A     $ 2,149.00     $ 3,065.00     $ 5,203.00
EQ/Lord Abbett Large Cap Core                 N/A     $ 2,196.00     $ 3,142.00     $ 5,342.00
EQ/Lord Abbett Mid Cap Value                  N/A     $ 2,139.00     $ 3,050.00     $ 5,175.00
EQ/Marsico Focus                              N/A     $ 2,171.00     $ 3,101.00     $ 5,268.00
EQ/MFS Emerging Growth Companies+             N/A     $ 2,114.00     $ 3,009.00     $ 5,100.00
EQ/MFS Investors Trust+                       N/A     $ 2,101.00     $ 2,988.00     $ 5,062.00
EQ/Money Market                               N/A     $ 2,008.00     $ 2,837.00     $ 4,782.00
EQ/Montag & Caldwell Growth                   N/A     $ 2,149.00     $ 3,065.00     $ 5,203.00
EQ/Mutual Shares                              N/A     $ 2,304.00     $ 3,315.00     $ 5,650.00
EQ/Oppenheimer Global                         N/A     $ 2,572.00     $ 3,739.00     $ 6,379.00
EQ/Oppenheimer Main Street Opportunity        N/A     $ 2,625.00     $ 3,821.00     $ 6,515.00
EQ/Oppenheimer Main Street Small Cap          N/A     $ 2,609.00     $ 3,797.00     $ 6,476.00
EQ/PIMCO Real Return                          N/A     $ 2,091.00     $ 2,973.00     $ 5,033.00
EQ/Short Duration Bond                        N/A     $ 2,040.00     $ 2,890.00     $ 4,879.00
EQ/Small Cap Value+                           N/A     $ 2,139.00     $ 3,050.00     $ 5,175.00
EQ/Small Company Growth+                      N/A     $ 2,231.00     $ 3,198.00     $ 5,443.00
EQ/Small Company Index                        N/A     $ 1,992.00     $ 2,811.00     $ 4,733.00
EQ/TCW Equity++                               N/A     $ 2,165.00     $ 3,091.00     $ 5,250.00
EQ/Templeton Growth                           N/A     $ 2,364.00     $ 3,410.00     $ 5,817.00
EQ/UBS Growth and Income                      N/A     $ 2,152.00     $ 3,071.00     $ 5,213.00
EQ/Van Kampen Comstock                        N/A     $ 2,126.00     $ 3,029.00     $ 5,137.00
EQ/Van Kampen Emerging Markets Equity         N/A     $ 2,342.00     $ 3,375.00     $ 5,756.00
EQ/Van Kampen Mid Cap Growth                  N/A     $ 2,155.00     $ 3,076.00     $ 5,222.00
EQ/Wells Fargo Montgomery Small Cap++         N/A     $ 2,260.00     $ 3,244.00     $ 5,525.00
- ---------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ---------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                N/A     $ 2,212.00     $ 3,168.00     $ 5,388.00
- ---------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------
                                            If you do not surrender your contract at the end of the
                                                             applicable time period
- ------------------------------------------------------------------------------------------------------
 Portfolio Name                              1 year       3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------
                                                                           
EQ ADVISORS TRUST:
EQ/Evergreen Omega                          $ 468.00     $ 1,433.00     $ 2,440.00     $ 5,156.00
EQ/FI Mid Cap                               $ 464.00     $ 1,423.00     $ 2,424.00     $ 5,128.00
EQ/FI Mid Cap Value+                        $ 468.00     $ 1,433.00     $ 2,440.00     $ 5,156.00
EQ/Franklin Income                          $ 513.00     $ 1,566.00     $ 2,654.00     $ 5,543.00
EQ/Franklin Small Cap Value                 $ 690.00     $ 2,069.00     $ 3,445.00     $ 6,879.00
EQ/Franklin Templeton Founding Strategy**   $ 519.00     $ 1,582.00     $ 2,679.00     $ 5,588.00
EQ/GAMCO Mergers and Acquisitions           $ 508.00     $ 1,550.00     $ 2,629.00     $ 5,498.00
EQ/GAMCO Small Company Value                $ 474.00     $ 1,452.00     $ 2,471.00     $ 5,213.00
EQ/International Growth                     $ 505.00     $ 1,541.00     $ 2,614.00     $ 5,470.00
EQ/Janus Large Cap Growth++                 $ 488.00     $ 1,493.00     $ 2,537.00     $ 5,333.00
EQ/JPMorgan Core Bond                       $ 438.00     $ 1,347.00     $ 2,300.00     $ 4,899.00
EQ/JPMorgan Value Opportunities             $ 457.00     $ 1,401.00     $ 2,388.00     $ 5,062.00
EQ/Legg Mason Value Equity                  $ 469.00     $ 1,436.00     $ 2,445.00     $ 5,166.00
EQ/Long Term Bond                           $ 437.00     $ 1,343.00     $ 2,295.00     $ 4,889.00
EQ/Lord Abbett Growth and Income            $ 473.00     $ 1,449.00     $ 2,465.00     $ 5,203.00
EQ/Lord Abbett Large Cap Core               $ 489.00     $ 1,496.00     $ 2,542.00     $ 5,342.00
EQ/Lord Abbett Mid Cap Value                $ 470.00     $ 1,439.00     $ 2,450.00     $ 5,175.00
EQ/Marsico Focus                            $ 481.00     $ 1,471.00     $ 2,501.00     $ 5,268.00
EQ/MFS Emerging Growth Companies+           $ 461.00     $ 1,414.00     $ 2,409.00     $ 5,100.00
EQ/MFS Investors Trust+                     $ 457.00     $ 1,401.00     $ 2,388.00     $ 5,062.00
EQ/Money Market                             $ 425.00     $ 1,308.00     $ 2,237.00     $ 4,782.00
EQ/Montag & Caldwell Growth                 $ 473.00     $ 1,449.00     $ 2,465.00     $ 5,203.00
EQ/Mutual Shares                            $ 527.00     $ 1,604.00     $ 2,715.00     $ 5,650.00
EQ/Oppenheimer Global                       $ 620.00     $ 1,872.00     $ 3,139.00     $ 6,379.00
EQ/Oppenheimer Main Street Opportunity      $ 639.00     $ 1,925.00     $ 3,221.00     $ 6,515.00
EQ/Oppenheimer Main Street Small Cap        $ 634.00     $ 1,909.00     $ 3,197.00     $ 6,476.00
EQ/PIMCO Real Return                        $ 453.00     $ 1,391.00     $ 2,373.00     $ 5,033.00
EQ/Short Duration Bond                      $ 436.00     $ 1,340.00     $ 2,290.00     $ 4,879.00
EQ/Small Cap Value+                         $ 470.00     $ 1,439.00     $ 2,450.00     $ 5,175.00
EQ/Small Company Growth+                    $ 501.00     $ 1,531.00     $ 2,598.00     $ 5,443.00
EQ/Small Company Index                      $ 420.00     $ 1,292.00     $ 2,211.00     $ 4,733.00
EQ/TCW Equity++                             $ 478.00     $ 1,465.00     $ 2,491.00     $ 5,250.00
EQ/Templeton Growth                         $ 547.00     $ 1,664.00     $ 2,810.00     $ 5,817.00
EQ/UBS Growth and Income                    $ 474.00     $ 1,452.00     $ 2,471.00     $ 5,213.00
EQ/Van Kampen Comstock                      $ 465.00     $ 1,426.00     $ 2,429.00     $ 5,137.00
EQ/Van Kampen Emerging Markets Equity       $ 540.00     $ 1,642.00     $ 2,775.00     $ 5,756.00
EQ/Van Kampen Mid Cap Growth                $ 475.00     $ 1,455.00     $ 2,476.00     $ 5,222.00
EQ/Wells Fargo Montgomery Small Cap++       $ 511.00     $ 1,560.00     $ 2,644.00     $ 5,525.00
- ------------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              $ 495.00     $ 1,512.00     $ 2,568.00     $ 5,388.00
- ------------------------------------------------------------------------------------------------------



                                                                    Fee table 17



*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "Contract features and benefits" later in this Prospectus for the investment
   option's former name.



** This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

+  This investment option's name, investment objective and sub-adviser will
   change on or about May 29, 2007, subject to regulatory approval. See the
   supplement included with this Prospectus for more information.

++ Please see the supplement included with this Prospectus regarding the planned
   substitution or merger of this Portfolio.


For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


18 Fee table





CONDENSED FINANCIAL INFORMATION


Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as the end of the periods shown for each of the
variable investment options available as of December 31, 2006.



                                                                    Fee table 19





1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT
You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $10,000 for you
to purchase a contract. You may make additional contributions of at least $500
each for NQ, QP and Rollover TSA contracts and $50 each for IRA contracts,
subject to limitations noted below. The following table summarizes our rules
regarding contributions to your contract. Both the owner and the annuitant
named in the contract must meet the issue age requirements shown in the table,
and contributions are based on the age of the older of the original owner and
annuitant. Additional contributions may not be permitted in your state. Please
see Appendix VII later in this Prospectus to see if additional contributions
are permitted in your state.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000. We may also refuse to accept any contribution if
the sum of all contributions under all AXA Equitable annuity accumulation
contracts with the same owner or annuitant would then total more than
$2,500,000. We may waive these contribution limitations based on certain
criteria, including benefits that have been elected, issue age, the total
amount of contributions, variable investment option allocations and selling
broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.

- --------------------------------------------------------------------------------

The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
"annuitant" is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.

- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
                 Available for
                 owner and
                 annuitant          Minimum
 Contract type   issue ages         contributions
- --------------------------------------------------------------------------------
NQ               0 through 80       o $10,000 (initial)

                                    o $500 (additional)

                                    o $100 monthly and $300
                                      quarterly under our auto-
                                      matic investment program
                                      (additional)
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
                                              Limitations on
 Contract type    Source of contributions     contributions+
- --------------------------------------------------------------------------------
NQ               o After-tax money.           o No additional contributions
                                                after attainment of age 81
                 o Paid to us by check or       or, if later, the first contract
                   transfer of contract value   date anniversary.*
                   in a tax-deferred exchange
                   under Section 1035 of the
                   Internal Revenue Code.
- --------------------------------------------------------------------------------



20 Contract features and benefits






- --------------------------------------------------------------------------------
                 Available for
                 owner and
                 annuitant             Minimum
Contract type    issue ages            contributions
- --------------------------------------------------------------------------------
Rollover IRA     20 through 80         o $10,000 (initial)

                                       o $50 (additional)



- --------------------------------------------------------------------------------
                                                  Limitations on
Contract type     Source of contributions         contributions+
- --------------------------------------------------------------------------------
Rollover IRA     o Eligible rollover distribu-   o No contributions after
                   tions from TSA contracts        attainment of age 81 or, if
                   or other 403(b) arrange-        later, the first contract
                   ments, qualified plans, and     date anniversary.*
                   governmental employer
                   457(b) plans.                 o Contributions after age
                                                   70-1/2 must be net of
                 o Rollovers from another          required minimum
                   traditional individual          distributions.
                   retirement arrangement.
                                                 o Although we accept regular
                 o Direct custodian-to-            IRA contributions (limited to
                   custodian transfers from        $4,000 for 2007 and
                   another traditional indi-       $5,000 for 2008) under
                   vidual retirement               Rollover IRA contracts, we
                   arrangement.                    intend that this contract be
                                                   used primarily for rollover
                 o Regular IRA contributions.      and direct transfer
                                                   contributions.
                 o Additional "catch-up"
                   contributions.               o Additional catch-up contri-
                                                  butions of up to $1,000 per
                                                  calendar year where the
                                                  owner is at least age 50 but
                                                  under age 70-1/2 at any time
                                                  during the calendar year for
                                                  which the contribution is
                                                  made.
- --------------------------------------------------------------------------------


                                               Contract features and benefits 21





- --------------------------------------------------------------------------------
                      Available for
                      owner and
                      annuitant                Minimum
 Contract type        issue ages               contributions
- --------------------------------------------------------------------------------
Roth Conversion IRA   20 through 80            o $10,000 (initial)

                                               o $50 (additional)
- --------------------------------------------------------------------------------
Rollover TSA          20 through 80            o $10,000 (initial)

                                               o $500 (additional)
- --------------------------------------------------------------------------------
                                                     Limitations on
 Contract type         Source of contributions       contributions+
- --------------------------------------------------------------------------------
Roth Conversion IRA   o Rollovers from another       o No additional rollover or
                        Roth IRA.                      direct transfer contribu-
                                                       tions after attainment of
                      o Rollovers from a "desig-       age 81 or, if later, the
                        nated Roth contribution        first contract date
                        account" under a 401(k)        anniversary.*
                        plan or 403(b) arrange-
                        ment.                        o Conversion rollovers
                                                       after age 70-1/2 must be
                      o Conversion rollovers from      net of required minimum
                        a traditional IRA.             distributions for the
                                                       traditional IRA you are
                      o Direct transfers from          rolling over.
                        another Roth IRA.
                                                     o You cannot roll over
                      o Regular Roth IRA contribu-     funds from a traditional
                        tions.                         IRA if your adjusted
                                                       gross income is $100,000
                      o Additional catch-up contri-    or more.
                        butions.
                                                     o Although we accept
                                                       regular Roth IRA
                                                       contributions (limited to
                                                       $4,000 for 2007 and
                                                       $5,000 for 2008) under
                                                       the Roth IRA contracts,
                                                       we intend that this
                                                       contract be used
                                                       primarily for rollover
                                                       and direct transfer
                                                       contributions.

                                                     o Additional catch-up
                                                       contributions of up to
                                                       $1,000 per calendar year
                                                       where the owner is at
                                                       least age 50 at any time
                                                       during the calendar year
                                                       for which the
                                                       contribution is made.
- -------------------------------------------------------------------------------
Rollover TSA          o Direct transfers of pre-tax  o Additional rollover or
                        funds from another             direct transfer
                        contract or arrangement        contributions may be
                        made up to attainment          of age 81 or, if later,
                        under Section 403(b) of        the first contract date
                        the Internal Revenue           anniversary.*
                        Code, complying with IRS
                        Revenue Ruling 90-24.        o Rollover or direct
                                                       transfer contributions
                      o Eligible rollover distribu-    after age 70-1/2
                        tions of pre-tax funds from    must be net of any
                        other 403(b) plans. Subse-     required minimum
                        quent contributions may        distributions.
                        also be rollovers from
                        qualified plans, govern-     o We do not accept
                        mental employer 457(b)         employer-remitted
                        plans and traditional IRAs.    contributions.
- --------------------------------------------------------------------------------


22 Contract features and benefits




- --------------------------------------------------------------------------------
                 Available for
                 owner and
                 annuitant             Minimum
 Contract type   issue ages            contributions
- --------------------------------------------------------------------------------
QP               20 through 70         o $10,000 (initial)

                                       o $500 (additional)
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
                                                 Limitations on
 Contract type    Source of contributions        contributions+
- --------------------------------------------------------------------------------
QP               o Only transfer contributions   o A separate QP contract must
                   from other investments          be established for each plan
                   within an existing defined      participant.
                   contribution qualified plan
                   trust.                        o We do not accept regular
                                                   ongoing payroll contribu-
                 o The plan must be qualified      tions or contributions
                   under Section 401(a) of         directly from the employer.
                   the Internal Revenue
                   Code.                         o Only one additional transfer
                                                   contribution may be made
                 o For 401(k) plans, trans-        during a contract year.
                   ferred contributions may
                   not include any after-tax     o No additional transfer con-
                   contributions, including        tributions after
                   designated Roth contribu-       participant's attainment of
                   tions.                          age 71 or, if later, the
                                                   first contract date
                                                   anniversary.

                                                 o Contributions after age
                                                   70-1/2 must be net of any
                                                   required minimum
                                                   distributions.

                                                 o We do not accept contribu-
                                                   tions from defined benefit
                                                   plans.

See Appendix II at the end of this Prospectus for a discussion of purchase
considerations of QP contracts.
- --------------------------------------------------------------------------------



+ Additional contributions may not be permitted under certain conditions in your
  state. Please see Appendix VII later in the Prospectus to see if additional
  contributions are permit ted in your state. If you are participating in a
  Principal guarantee benefit, contributions will only be permitted for the
  first six months after the contract is issued and no further contributions
  will be permitted for the life of the contract. For the Guaranteed withdrawal
  benefit for life option, additional contributions are not permitted after the
  later of: (i) the end of the first contract year, and (ii) the date you make
  your first withdrawal.

* Please see Appendix VII later in this Prospectus for state variations.

See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.


                                               Contract features and benefits 23




OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary. This contract is not available for purchase by
Charitable Remainder Trusts.

Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. We do
not permit joint annuitants unless you elect the Guaranteed withdrawal benefit
for life on a Joint life basis and the contract is owned by a non-natural
owner. Under QP contracts, all benefits are based on the age of the annuitant.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose. Additional contributions may also be made under our automatic
investment program. These methods of payment, including circumstances under
which such contributions are considered received by us when your order is taken
by such broker-dealer, are discussed in detail in "More information" later in
this Prospectus.

- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------
Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain that
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------
WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?


You can choose from among the variable investment options, the guaranteed
interest option and the fixed maturity options. If you elect the Guaranteed
withdrawal benefit for life or the 100% Principal guarantee benefit, your
investment options will be limited to the guaranteed interest option and the
following variable investment options: the AXA Allocation portfolios and the
EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").

If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option and the AXA Moderate Allocation
portfolio.


VARIABLE INVESTMENT OPTIONS


Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.


24  Contract features and benefits


PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Plus(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors may include fees and expenses; the timing of
stock purchases and sales; differences in fund cash flows; and specific
strategies employed by the portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ---------------------------------------------------------------------------------------
AXA Premier VIP Trust
Portfolio Name(*)              Objective
- ---------------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.
- ---------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.
- ---------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a
 ALLOCATION                   greater emphasis on current income.
- ---------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.
- ---------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ---------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.
 EQUITY(1)
- ---------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital
                              appreciation, consistent with a prudent level of risk.
- ---------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.
- ---------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current
                              income and capital appreciation.
- ---------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.
 EQUITY(5)
- ---------------------------------------------------------------------------------------




- ---------------------------------------------------------------------------------------
AXA Premier VIP Trust         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)             applicable)
- ---------------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     o AXA Equitable
- ---------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   o AXA Equitable
- ---------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         o AXA Equitable
 ALLOCATION
- ---------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       o AXA Equitable
- ---------------------------------------------------------------------------------------
AXA MODERATE-PLUS             o AXA Equitable
 ALLOCATION
- ---------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       o AllianceBernstein L.P.
 EQUITY(1)
- ---------------------------------------------------------------------------------------
                              o ClearBridge Advisors, LLC

                              o Legg Mason Capital Management, Inc.

                              o Marsico Capital Management, LLC
- ---------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     o BlackRock Financial Management, Inc.

                              o Pacific Investment Management Company
                                LLC
- ---------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   o A I M Capital Management, Inc.

                              o RCM Capital Management LLC

                              o Wellington Management Company, LLP
- ---------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    o Pacific Investment Management Company
                                LLC

                              o Post Advisory Group, LLC
- ---------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    o AllianceBernstein L.P.
 EQUITY(5)
                              o JPMorgan Investment Management Inc.

                              o Marsico Capital Management, LLC
- ---------------------------------------------------------------------------------------



                                               Contract features and benefits 25








- ---------------------------------------------------------------------------------------
AXA Premier VIP Trust
Portfolio Name(*)               Objective
- ---------------------------------------------------------------------------------------
                            
MULTIMANAGER LARGE CAP         Long-term growth of capital.
 CORE EQUITY(6)
- ---------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.
 GROWTH(7)
- ---------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.
 VALUE(8)
- ---------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.
 GROWTH(9)
- ---------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.
 VALUE(10)
- ---------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.
- ---------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)              Objective
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.
 MON STOCK
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.
 AND INCOME++
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with
 MEDIATE GOVERNMENT            relative stability of principal.
 SECURITIES
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.
 NATIONAL
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.
 CAP GROWTH
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent with
 BOND                          moderate risk to capital.
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.
 CAP GROWTH
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         Seeks to increase value through bull markets and bear
 LONG/SHORT EQUITY             markets using strategies that are designed to limit expo-
                               sure to general equity market risk.
- ---------------------------------------------------------------------------------------




- ---------------------------------------------------------------------------------------
AXA Premier VIP Trust          Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              applicable)
- ---------------------------------------------------------------------------------------
                            
- ---------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         o AllianceBernstein L.P.
 CORE EQUITY(6)
                               o Janus Capital Management LLC

                               o Thornburg Investment Management, Inc.
- ---------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         o RCM Capital Management LLC
 GROWTH(7)
                               o TCW Investment Management Company

                               o T. Rowe Price Associates, Inc.
- ---------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         o AllianceBernstein L.P.
 VALUE(8)
                               o Institutional Capital LLC

                               o MFS Investment Management
- ---------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           o AllianceBernstein L.P.
 GROWTH(9)
                               o Franklin Advisers, Inc.

                               o Provident Investment Counsel, Inc.
- ---------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           o AXA Rosenberg Investment Management LLC
 VALUE(10)
                               o TCW Investment Management Company

                               o Wellington Management Company, LLP
- ---------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    o Firsthand Capital Management, Inc.

                               o RCM Capital Management LLC

                               o Wellington Management Company, LLP
- ---------------------------------------------------------------------------------------
EQ Advisors Trust              Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              applicable)
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      o AllianceBernstein L.P.
 MON STOCK
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    o AllianceBernstein L.P.
 AND INCOME++
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    o AllianceBernstein L.P.
 MEDIATE GOVERNMENT
 SECURITIES
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    o AllianceBernstein L.P.
 NATIONAL
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     o AllianceBernstein L.P.
 CAP GROWTH
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   o AllianceBernstein L.P.
 BOND
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     o AllianceBernstein L.P.
 CAP GROWTH
- ---------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     o AllianceBernstein L.P.
- ---------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       o Ariel Capital Management, LLC
- ---------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY
- ---------------------------------------------------------------------------------------




26 Contract features and benefits








- ---------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)             Objective
- ---------------------------------------------------------------------------------------
                           
EQ/BLACKROCK BASIC VALUE      Seeks capital appreciation and secondarily, income.
 EQUITY(12)
- ---------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term growth of
 VALUE(13)                    income, accompanied by growth of capital.
- ---------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve an
 INCOME                       above-average and consistent total return.
- ---------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.
 RESPONSIBLE
- ---------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.
- ---------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.
 INTERNATIONAL+
- ---------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.
 RESEARCH
- ---------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.
 EQUITY++
- ---------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.
 YIELD BOND
- ---------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.
- ---------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk level
                              consistent with that of the S&P 500 Index.
- ---------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.
 BOND
- ---------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.
- ---------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.
- ---------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects
                              for capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.
- ---------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily seeks
 FOUNDING STRATEGY(**)        income.
- ---------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.
 ACQUISITIONS
- ---------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.
 VALUE
- ---------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   Seeks long-term growth of capital.
- ---------------------------------------------------------------------------------------




- ---------------------------------------------------------------------------------------
EQ Advisors Trust             Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)             applicable)
- ---------------------------------------------------------------------------------------
                           
EQ/BLACKROCK BASIC VALUE      o BlackRock Investment Management, LLC
 EQUITY(12)
- ---------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    o BlackRock Investment Management International
 VALUE(13)                      Limited
- ---------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     o Boston Advisors, LLC
 INCOME
- ---------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           o Calvert Asset Management Company, Inc.
 RESPONSIBLE                  o Bridgeway Capital Management, Inc.
- ---------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    o Capital Guardian Trust Company
- ---------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           o Capital Guardian Trust Company
 INTERNATIONAL+
- ---------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           o Capital Guardian Trust Company
 RESEARCH
- ---------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      o Capital Guardian Trust Company
 EQUITY++
- ---------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        o Caywood-Scholl Capital Management
 YIELD BOND
- ---------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     o Davis Selected Advisers, L.P.
- ---------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           o AllianceBernstein L.P.
- ---------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    o Evergreen Investment Management
 BOND                           Company, LLC
                              o First International Fund Advisors (dba
                                "Evergreen International")
- ---------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            o Evergreen Investment Management
                                Company, LLC
- ---------------------------------------------------------------------------------------
EQ/FI MID CAP                 o Fidelity Management & Research Company
- ---------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          o Fidelity Management & Research Company
- ---------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            o Franklin Advisers, Inc.
- ---------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   o Franklin Advisory Services, LLC
- ---------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         o AXA Equitable
 FOUNDING STRATEGY(**)
- ---------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          o GAMCO Asset Management Inc.
 ACQUISITIONS
- ---------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        o GAMCO Asset Management Inc.
 VALUE
- ---------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       o MFS Investment Management.
- ---------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   o Janus Capital Management LLC
- ---------------------------------------------------------------------------------------



                                               Contract features and benefits 27








- ---------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)               Objective
- ---------------------------------------------------------------------------------------
                            
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent with mod-
                               erate risk to capital and maintenance of liquidity.
- ---------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.
 OPPORTUNITIES
- ---------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.
- ---------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation
                               through investment in long-maturity debt obligations.
- ---------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without
 INCOME                        excessive fluctuation in market value.
- ---------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with reason-
 CORE                          able risk.
- ---------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.
- ---------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.
 COMPANIES+
- ---------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary
                               objective to seek reasonable current income. For purposes
                               of this Portfolio, the words "reasonable current income"
                               mean moderate income.
- ---------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve
                               its assets and maintain liquidity.
- ---------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.
 GROWTH
- ---------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally be
                               short-term, and secondarily, income.
- ---------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.
 OPPORTUNITY
- ---------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.
 SMALL CAP
- ---------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation
                               of real capital and prudent investment management.
- ---------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of principal.
- ---------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.
- ---------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the
                               deduction of portfolio expenses) the total return of the
                               Russell 2000 Index.
- ---------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.
- ---------------------------------------------------------------------------------------




- ---------------------------------------------------------------------------------------
EQ Advisors Trust              Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              applicable)
- ---------------------------------------------------------------------------------------
                            
EQ/JPMORGAN CORE BOND          o JPMorgan Investment Management Inc.
- ---------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ---------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     o Legg Mason Capital Management, Inc.
- ---------------------------------------------------------------------------------------
EQ/LONG TERM BOND              o BlackRock Financial Management, Inc.
- ---------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      o Lord, Abbett & Co. LLC
 INCOME
- ---------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       o Lord, Abbett & Co. LLC
 CORE
- ---------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   o Lord, Abbett & Co. LLC
- ---------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               o Marsico Capital Management, LLC
- ---------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         o MFS Investment Management
 COMPANIES+
- ---------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        o MFS Investment Management
- ---------------------------------------------------------------------------------------
EQ/MONEY MARKET                o The Dreyfus Corporation
- ---------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           o Montag & Caldwell, Inc.
 GROWTH
- ---------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               o Franklin Mutual Advisers, LLC
- ---------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          o OppenheimerFunds, Inc.
- ---------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     o OppenheimerFunds, Inc.
 OPPORTUNITY
- ---------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     o OppenheimerFunds, Inc.
 SMALL CAP
- ---------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           o Pacific Investment Management Company,
                                 LLC
- ---------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         o BlackRock Financial Management, Inc.
- ---------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            o Lazard Asset Management LLC

                               o Franklin Advisory Services, LLC
- ---------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       o Bear Stearns Asset Management Inc.

                               o Eagle Asset Management, Inc.

                               o Wells Capital Management, Inc.
- ---------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         o AllianceBernstein L.P.
- ---------------------------------------------------------------------------------------
EQ/TCW EQUITY++                o TCW Investment Management Company
- ---------------------------------------------------------------------------------------




28 Contract features and benefits








- ---------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)                 Objective
- ---------------------------------------------------------------------------------------
                              
EQ/TEMPLETON GROWTH              Seeks long-term capital growth.
- ---------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return through capital appreciation
                                 with income as a secondary consideration.
- ---------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.
- ---------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING           Seeks long-term capital appreciation.
 MARKETS EQUITY
- ---------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.
 GROWTH
- ---------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.
 SMALL CAP++
- ---------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                   Objective
- ---------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income and long-
                                 term capital appreciation by investing primarily in equity
                                 securities of companies in the U.S. real estate industry,
                                 including real estate investment trusts.
- ---------------------------------------------------------------------------------------




- ---------------------------------------------------------------------------------------
EQ Advisors Trust                Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                applicable)
                              
- ---------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH              o Templeton Global Advisors Limited
- ---------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME         o UBS Global Asset Management
                                   (Americas) Inc.
- ---------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           o Morgan Stanley Investment
                                   Management Inc.
- ---------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING           o Morgan Stanley Investment
 MARKETS EQUITY                    Management Inc.
- ---------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            o Morgan Stanley Investment
 GROWTH                            Management Inc.
- ---------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        o Wells Capital Management Inc.
 SMALL CAP++
- ---------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                    Investment Manager
- ---------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   o Van Kampen (is the name under which Mor-
                                   gan Stanley Investment Management Inc.
                                   does business in certain situations)
- ---------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.




- --------------------------------------------------------------------------------
FN        Portfolio Name until May 29, 2007
- --------------------------------------------------------------------------------
(1)       AXA Premier VIP Aggressive Equity
- --------------------------------------------------------------------------------
(2)       AXA Premier VIP Core Bond
- --------------------------------------------------------------------------------
(3)       AXA Premier VIP Health Care
- --------------------------------------------------------------------------------
(4)       AXA Premier VIP High Yield
- --------------------------------------------------------------------------------
(5)       AXA Premier VIP International Equity
- --------------------------------------------------------------------------------
(6)       AXA Premier VIP Large Cap Core Equity
- --------------------------------------------------------------------------------
(7)       AXA Premier VIP Large Cap Growth
- --------------------------------------------------------------------------------
(8)       AXA Premier VIP Large Cap Value
- --------------------------------------------------------------------------------
(9)       AXA Premier VIP Mid Cap Growth
- --------------------------------------------------------------------------------
(10)      AXA Premier VIP Mid Cap Value
- --------------------------------------------------------------------------------
(11)      AXA Premier VIP Technology
- --------------------------------------------------------------------------------
(12)      EQ/Mercury Basic Value Equity
- --------------------------------------------------------------------------------
(13)      EQ/Mercury International Value
- --------------------------------------------------------------------------------



**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.


You should consider the investment objective, risks, and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the
Portfolios contain this and other important information about the Portfolios.
The prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may
call one of our customer service representatives at 1-800-789-7771.


                                               Contract features and benefits 29




GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges, any withdrawal charges and any optional benefit
charges. See Appendix VII later in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum
ranges from 1.00% to 3.00%. The data page for your contract shows the lifetime
minimum rate. Check with your financial professional as to which rate applies
in your state. The minimum yearly rate will never be less than the lifetime
minimum rate. The minimum yearly rate for 2007 is 3.00%. Current interest rates
will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers from the guaranteed
interest option.

FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers, even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VII later in this Prospectus to see
if fixed maturity options are available in your state.
- --------------------------------------------------------------------------------
Fixed maturity options generally range from one to ten years to maturity.
- --------------------------------------------------------------------------------
On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Plus(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a)  transfer the maturity value into another available fixed maturity option,
     any of the variable investment options or the guaranteed interest option;
     or

(b)  withdraw the maturity value (there may be a withdrawal charge).


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available, we will transfer your maturity value to the
EQ/Money Market option.


MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract, or when we make deductions for charges) from a
fixed maturity option before it matures we will make a market value adjustment,
which will increase or decrease any fixed maturity amount you have in that
fixed maturity option. A market value adjustment will also apply if amounts in
a fixed maturity option are used to purchase any annuity payment option prior
to the maturity date and may apply on payment of a death benefit. The market
value adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount
applied to an annuity payout option will reflect the application of any
applicable


30  Contract features and benefits





market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:

(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate we have in effect at that time for new fixed
     maturity options (adjusted to reflect a similar maturity date), and

(b)  the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.



SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options, guaranteed interest option (subject to restrictions in
certain states - see Appendix VII later in this Prospectus for state
variations) and fixed maturity options. Allocations must be in whole
percentages and you may change your allocations at any time. No more than 25%
of any contribution may be allocated to the guaranteed interest option. The
total of your allocations into all available investment options must equal
100%. If an owner or an annuitant is age 76-80, you may allocate contributions
to fixed maturity options with maturities of seven years or less. If an owner
or annuitant is age 81 or older, you may allocate contributions to fixed
maturity options with maturities of five years or less. Also you may not
allocate amounts to fixed maturity options with maturity dates that are later
than the date annuity payments are to begin.


DOLLAR COST AVERAGING


We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit's value is low and fewer units if the unit's value is high. Therefore, you
may get a lower average cost per unit over the long term. This plan of
investing, however, does not guarantee that you will earn a profit or be
protected against losses. You may not make transfers to the fixed maturity
options or guaranteed interest option.


- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------
GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The dollar cost averaging program will then end. You may
change the transfer amount once each contract year or cancel this program at
any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.

If you elect the Guaranteed withdrawal benefit for life, general dollar cost
averaging is not available.


INVESTMENT SIMPLIFIER

FIXED-DOLLAR OPTION.  Under this option, you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.


                                              Contract features and benefits  31





In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. The fixed-dollar option is subject to the guaranteed
interest option transfer limitations described under "Transferring your account
value" in "Transferring your money among investment options" later in this
Prospectus. While the program is running, any transfer that exceeds those
limitations will cause the program to end for that contract year. You will be
notified. You must send in a request form to resume the program in the next or
subsequent contract years.

If, on any transfer date, your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.

INTEREST SWEEP OPTION. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. The transfer date
will be the last business day of the month. The amount we will transfer will be
the interest credited to amounts you have in the guaranteed interest option
from the last business day of the prior month to the last business day of the
current month. You must have at least $7,500 in the guaranteed interest option
on the date we receive your election. We will automatically cancel the interest
sweep program if the amount in the guaranteed interest option is less than
$7,500 on the last day of the month for two months in a row. For the interest
sweep option, the first monthly transfer will occur on the last business day of
the month following the month that we receive your election form at our
processing office.
                      ----------------------------------

You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program you may participate in any of the dollar cost averaging
programs except general dollar cost averaging. You may only participate in one
dollar cost averaging program at a time. See "Transferring your money among
investment options" later in this Prospectus. Also, for information on how the
dollar cost averaging program you select may affect certain guaranteed benefits
see "Guaranteed minimum death benefit and Guaranteed minimum income benefit
base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states. See Appendix VII later in this
Prospectus for more information on state availability.



CREDITS
A credit will also be allocated to your account value at the same time that we
allocate your contribution. Credits are allocated to the same investment
options based on the same percentages used to allocate your contributions. The
credit amounts attributable to your contributions are not included for purposes
of calculating any of the guaranteed benefits.
The amount of the credit will be 4%, 4.5% or 5% of each contribution based on
the following breakpoints and rules:



- --------------------------------------------------------------------------------
                                         Credit percentage
   First year total contributions         applied to
            Breakpoints                 contributions
- --------------------------------------------------------------------------------
Less than $500,000                             4%
- --------------------------------------------------------------------------------
$500,000-$999,999.99                         4.5%
- --------------------------------------------------------------------------------
$1 million or more                             5%
- --------------------------------------------------------------------------------



The percentage of the credit is based on your total first year contributions.
If you purchase a Principal guarantee benefit, you may not make additional
contributions after the first six months. This credit percentage will be
credited to your initial contribution and each additional contribution made in
the first contract year (after adjustment as described below), as well as those
in the second and later contract years. The credit will apply to additional
contributions only to the extent that the sum of that contribution and prior
contributions to which no credit was applied exceeds the total withdrawals made
from the contract since the issue date.


Although the credit, as adjusted at the end of the first contract year, will be
based upon first year total contributions, the following rules affect the
percentage with which contributions made in the first contract year are
credited during the first contract year:

o  Indication of intent: If you indicate in the application at the time you
   purchase your contract an intention to make additional contributions to meet
   one of the breakpoints (the "Expected First Year Contribution Amount") and
   your initial contribution is at least 50% of the Expected First Year
   Contribution Amount, your credit percentage will be as follows:


o  For any contributions resulting in total contributions to date less than or
   equal to your Expected First Year Contribution Amount, the credit percentage
   will be the percentage that applies to the Expected First Year Contribution
   Amount based on the table above.

o  For any subsequent contribution that results in your total contri butions to
   date exceeding your Expected First Year Contribution Amount, such that the
   credit percentage should have been higher, we will increase the credit
   percentage applied to that contribution, as well as any prior or subsequent
   contributions made in the first contract year, accordingly.

o  If at the end of the first contract year your total contributions were lower
   than your Expected First Year Contribution Amount such that the credit
   applied should have been lower, we will recover any Excess Credit. The Excess
   Credit is equal to the difference between the credit that was actually
   applied based on your Expected First Year Contribution Amount (as applicable)
   and the credit that should have been applied based on first year total
   contributions.


32  Contract features and benefits





   o The "Indication of intent" approach to first year contributions is o
     not available in all states. Please see Appendix VII later in this
     Prospectus for information on state availability.

o  No indication of intent:

   o For your initial contribution (if available in your state) we will apply
     the credit percentage based upon the above table.

   o For any subsequent contribution that results in a higher appli cable credit
     percentage (based on total contributions to date), we will increase the
     credit percentage applied to that contribution, as well as any prior or
     subsequent contributions made in the first contract year, accordingly.

In addition to the recovery of any Excess Credit, we will recover all of the
credit or a portion of the credit in the following situations:

o  If you exercise your right to cancel the contract, we will recover the entire
   credit made to your contract (see "Your right to cancel within a certain
   number of days" later in this Prospectus)(1)

o  If you start receiving annuity payments within three years of making any
   contribution, we will recover the credit that applies to any contribution
   made within the prior three years. Please see Appendix VII later in this
   Prospectus for information on state variations.


o  If the owner (or older joint owner, if applicable) dies during the one-year
   period following our receipt of a contribution to which a credit was applied,
   we will recover the amount of such Credit. For Joint life GWBL contracts, we
   will only recover the credit if the second owner dies within the one-year
   period following a contribution.

We will recover any credit on a pro rata basis from the value in your variable
investment options and guaranteed interest option. If there is insufficient
value or no value in the variable investment options and guaranteed interest
option, any additional amount of the withdrawal required or the total amount of
the withdrawal will be withdrawn from the fixed maturity options in order of
the earliest maturing date(s). A market value adjustment may apply to
withdrawals from the fixed maturity options.


We do not consider credits to be contributions for purposes of any discussion
in this Prospectus. Credits are also not considered to be part of your
investment in the contract for tax purposes.

We use a portion of the mortality and expense risks charge and withdrawal
charge to help recover our cost of providing the credit. See "Charges and
expenses" later in this Prospectus. The charge associated with the credit may,
over time, exceed the sum of the credit and any related earnings. You should
consider this possibility before purchasing the contract.


GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.

- ----------------------


(1)  The amount we return to you upon exercise of this right to cancel will not
     include any credit or the amount of charges deducted prior to cancellation
     but will reflect, except in states where we are required to return the
     amount of your contributions, any investment gain or loss in the variable
     investment options associated with your contributions and with the full
     amount of the credit.

The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits, as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.

STANDARD DEATH BENEFIT. Your benefit base is equal to:

o your initial contribution and any additional contributions to the contract;
  less


o a deduction that reflects any withdrawals you make (including any applicable
  withdrawal charges). The amount of this deduction is described under "How
  withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
  death benefit and Principal guarantee benefits" in "Accessing your money"
  later in this Prospectus. The amount of any withdrawal charge is described
  under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.


6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o your initial contribution and any additional contributions to the contract;
  plus

o daily roll-up; less


o a deduction that reflects any withdrawals you make (including any applicable
  withdrawal charges). The amount of this deduction is described under "How
  withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
  death benefit and Principal guarantee benefits" in "Accessing your money" and
  the section entitled "Charges and expenses" later in this Prospectus. The
  amount of any withdrawal charge is described under "Withdrawal charge" in
  "Charges and expenses" later in the Prospectus.


The effective annual roll-up rate credited to this benefit base is:

o 6% with respect to the variable investment options (other than
  EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market and
  EQ/Short Duration Bond) the effective annual rate may be 4% in some states.
  Please see Appendix VII later in this Prospectus to see what applies in your
  state; and

o 3% with respect to the EQ/AllianceBernstein Intermediate Government
  Securities, EQ/Money Market and EQ/Short Duration Bond, the fixed maturity
  options, the guaranteed interest option and the loan reserve account under
  Rollover TSA (if applicable).


The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birth-



                                              Contract features and benefits  33






day. For contracts with non-natural owners, the benefit base stops rolling up
after the contract date anniversary following the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your
benefit base is equal to the greater of either:


o your initial contribution to the contract and any additional contributions,

                                      or

o your highest account value on any contract date anniversary up to the contract
  date anniversary following the annuitant's 85th birthday, plus any
  contributions made since the most recent Annual Ratchet,


                                      less

o a deduction that reflects any withdrawals you make (including any applicable
  withdrawal charges). The amount of the deduction is described under "How
  withdrawals affect your Guaranteed minimum income benefit, Guaranteed minimum
  death benefit and Principal guarantee benefits" in "Accessing your money"
  later in this Prospectus. The amount of any withdrawal charge is described
  under "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's age.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is equal
to the greater of the benefit base computed for the 6% Roll-Up to age 85 or the
benefit base computed for the Annual Ratchet to age 85, as described
immediately above, on each contract date anniversary. For the Guaranteed
minimum income benefit, the benefit base is reduced by any applicable
withdrawal charge remaining when the option is exercised. For more information,
see "Withdrawal charge" in "Charges and expenses" later in the Prospectus.

In Washington a different roll-up rate applies to the Greater of 6% Roll-Up to
age 85 or the Annual Ratchet to age 85 enhanced death benefit. See Appendix VII
later in this Prospectus.

GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET. If both the Guaranteed minimum income benefit AND the
Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death
benefit (the "Greater of enhanced death benefit") are elected, you may reset
the Roll-Up benefit base for these guaranteed benefits to equal the account
value on any contract date anniversary until age 75. The reset amount would
equal the account value as of the contract date anniversary on which you reset
your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.


We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
until the next contract date anniversary. If after your death your spouse
continues this contract, the benefit base will be eligible to be reset on each
contract date anniversary, if applicable. The last age at which the benefit
base is eligible to be reset is owner (or older joint owner, if applicable) age
75. For contracts with non-natural owners, reset eligibility is based on the
annuitant's age.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of the reset: you may not exercise until the tenth contract date
anniversary following the reset or, if later, the earliest date you would have
been permitted to exercise without regard to the reset. See "Exercise rules"
under "Guaranteed minimum income benefit option" below for more information.
Please note that in almost all cases, resetting your Roll-Up benefit base will
lengthen the exercise waiting period. Also, even when there is no additional
charge when you reset your Roll-Up benefit base, the total dollar amount
charged on future contract date anniversaries may increase as a result of the
reset since the charges may be applied to a higher benefit base than would have
been otherwise applied. See "Charges and expenses" in the Prospectus.

If you are a traditional IRA, TSA or QP contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required minimum
distributions with respect to this contract. If you must begin taking lifetime
required minimum distributions during the 10-year waiting period, you may want
to consider taking the annual lifetime required minimum distribution calculated
for this contract from another traditional IRA, TSA or QP contract that you
maintain. If you withdraw the lifetime required minimum distribution from this
contract, and the required minimum distribution is more than 6% of the reset
benefit base, the withdrawal would cause a pro-rata reduction in the benefit
base. Alternatively, resetting the benefit base to a larger amount would make
it less likely that the required minimum distributions would exceed the 6%
threshold. See "Lifetime required minimum distribution withdrawals" and "How
withdrawals affect your Guaranteed minimum income benefit and Guaranteed
minimum death benefit" in "Accessing your money." Also, see "Required minimum
distributions" under "Individual retirement arrangements (IRAs)" and
"Tax-sheltered annuity contracts (TSAs)" in "Tax information" and Appendix II
- -- "Purchase considerations for QP Contracts," later in this Prospectus.

The Roll-Up benefit base for both the "Greater of" enhanced death benefit and
the Guaranteed minimum income benefit are reset simultaneously when you request
a Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed under "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
under "Your annuity payout options" in "Accessing your money" later in this
Prospectus. Annuity purchase factors are based on interest rates, mortality
tables, frequency of payments, the form of annuity benefit, and the owner's


34  Contract features and benefits





(and any joint owner's) age and sex in certain instances. We may provide more
favorable current annuity purchase factors for the annuity payout options but
we will always use the guaranteed purchase factors to determine your periodic
payments under the Guaranteed minimum income benefit.


GUARANTEED MINIMUM INCOME BENEFIT OPTION


The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly
owned, the Guaranteed minimum income benefit will be calculated on the basis of
the older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.


This feature is not available if you elect a Principal guarantee benefit or the
Guaranteed withdrawal benefit for life. If the owner was older than age 60 at
the time an IRA, QP or Rollover TSA contract was issued, the Guaranteed minimum
income benefit may not be an appropriate feature because the minimum
distributions required by tax law generally must begin before the Guaranteed
minimum income benefit can be exercised.

If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. You choose which of these payout options you want
and whether you want the option to be paid on a single or joint life basis at
the time you exercise your Guaranteed minimum income benefit. The maximum
period certain available under the life with a period certain payout option is
10 years. This period may be shorter, depending on the owner's age as follows:




- --------------------------------------------------------------------------------
              Level payments
- --------------------------------------------------------------------------------
                        Period certain years
    Owner's age at  ------------------------------------------------------------
      exercise             IRAs         NQ
- --------------------------------------------------------------------------------
   75 and younger          10          10
         76                 9          10
         77                 8          10
         78                 7          10
         79                 7          10
         80                 7          10
         81                 7           9
         82                 7           8
         83                 7           7
         84                 6           6
         85                 5           5
- --------------------------------------------------------------------------------


We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit, should be regarded as a safety net only.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base less, any applicable withdrawal charge remaining, to guaranteed
annuity purchase factors, or (ii) the income provided by applying your account
value to our then current annuity purchase factors. For Rollover TSA only, we
will subtract from the Guaranteed minimum income benefit base or account value
any outstanding loan, including interest accrued but not paid. You may also
elect to receive monthly or quarterly payments as an alternative. The payments
will be less than 1/12 or 1/4 of the annual payments, respectively, due to the
effect of interest compounding. The benefit base is applied only to the
guaranteed annuity purchase factors under the Guaranteed minimum income benefit
in your contract and not to any other guaranteed or current annuity purchase
rates. The amount of income you actually receive will be determined when we
receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit, you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. Therefore, even if your account value is less than your
benefit base, you may generate more income by applying your account value to
current annuity purchase factors. We will make this comparison for you when the
need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE". In general if your
account value falls to zero (except as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year or in the first contract year, all contributions received in the
first 90 days), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o You will be issued a supplementary contract based on a single life with a
  maximum 10 year period certain. Payments will be made annually starting one
  year from the date the account value fell to zero.

o You will have 30 days from when we notify you to change the payout option
  and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.


                                              Contract features and benefits  35




The no lapse guarantee will terminate under the following circumstances:

o If your account value falls to zero due to a withdrawal that causes your total
  contract year withdrawals to exceed 6% of the Roll-Up benefit base (as of the
  beginning of the contract year);

o If your aggregate withdrawals during any contract year exceed 6% of the
  Roll-Up benefit base (as of the beginning of the contract year or in the first
  contract year, all contributions received in the first 90 days);

o Upon owner (or older joint owner, if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to
terminate even if a withdrawal causes your total contract year withdrawals to
exceed 6% of your Roll-Up benefit base.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options or the loan reserve account under Rollover TSA
contracts.


- --------------------------------------------------------------------------------
                                Guaranteed minimum
      Contract date        income benefit -- annual
 anniversary at exercise   income payable for life
- --------------------------------------------------------------------------------
            10                    $10,065

            15                    $15,266
- --------------------------------------------------------------------------------

EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us
along with all required information within 30 days following your contract date
anniversary in order to exercise this benefit. Upon exercise of the Guaranteed
minimum income benefit, the owner will become the annuitant, and the contract
will be annuitized on the basis of the owner's life. You will begin receiving
annual payments one year after the annuity payout contract is issued. If you
choose monthly or quarterly payments, you will receive your payment one month
or one quarter after the annuity payment contract is issued. You may choose to
take a withdrawal prior to exercising the Guaranteed minimum income benefit,
which will reduce your payments. You may not partially exercise this benefit.
See "Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death, or if later, the end of the period certain
(where the payout option chosen includes a period certain).

EXERCISE RULES.  Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner's, if applicable) age, as
follows:


o If you were at least age 20 and no older than age 44 when the contract was
  issued, you are eligible to exercise the Guaranteed minimum income benefit
  within 30 days following each contract date anniversary beginning with the
  15th contract date anniversary.

o If you were at least age 45 and no older than age 49 when the contract was
  issued, you are eligible to exercise the Guaranteed minimum income benefit
  within 30 days following each contract date anniversary after age 60.

o If you were at least age 50 and no older than age 75 when the contract was
  issued, you are eligible to exercise the Guaranteed minimum income benefit
  within 30 days following each contract date anniversary beginning with the
  10th contract date anniversary.

Please note:

(i)  the latest date you may exercise the Guaranteed minimum income benefit is
     within 30 days following the contract date anniversary following your 85th
     birthday;

(ii) if you were age 75 when the contract was issued or the Roll-Up benefit base
     was reset, the only time you may exercise the Guaranteed minimum income
     benefit is within 30 days following the contract date anniversary following
     your attainment of age 85;


(iii) for Accumulator(R) Plus(SM) QP contracts, the Plan participant can
      exercise the Guaranteed minimum income benefit only if he or she elects to
      take a distribution from the Plan and, in connection with this
      distribution, the Plan's trustee changes the ownership of the contract to
      the participant. This effects a rollover of the Accumulator(R) Plus(SM) QP
      contract into an Accumulator(R) Plus(SM) Rollover IRA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for the Plan participant to be eligible to exercise,
      However, if the Guaranteed minimum income benefit is automatically
      exercised as a result of the no lapse guarantee, a rollover into an IRA
      will not be effected and payments will be made directly to the trustee;


(iv)  for Accumulator(R) Plus(SM) Rollover TSA contracts, you may exercise the
      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Plus(SM) Rollover IRA. This may only occur
      when you are eligible for a distribution from the TSA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise;

(v)   if you reset the Roll-Up benefit base (as described earlier in this
      section), your new exercise date will be the tenth contract date
      anniversary following the reset or, if later, the earliest date you would
      have been permitted to exercise without regard to the reset. Please note
      that in almost all cases, resetting your Roll-Up benefit base will
      lengthen the waiting period;

(vi)  a spouse beneficiary or younger spouse joint owner under Spousal
      continuation may only continue the Guaranteed minimum income benefit if
      the contract is not past the last date on which


36  Contract features and benefits





     the original owner could have exercised the benefit. In addition, the
     spouse beneficiary or younger spouse joint owner must be eligible to
     continue the benefit and to exercise the benefit under the applicable
     exercise rule (described in the above bullets) using the following
     additional rules. The spouse beneficiary or younger spouse joint owner's
     age on the date of the owner's death replaces the owner's age at issue for
     purposes of determining the availability of the benefit and which of the
     exercise rules applies. The original contract issue date will continue to
     apply for purposes of the exercise rules.

(vii) if the contract is jointly owned, you can elect to have the Guaranteed
      minimum income benefit paid either: (a) as a joint life benefit or (b) as
      a single life benefit paid on the basis of the older owner's age; and

(viii) if the contract is owned by a trust or other non-natural person,
       eligibility to elect or exercise the Guaranteed minimum income benefit is
       based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.


GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions adjusted for any withdrawals (and associated withdrawal charges).
The standard death benefit is the only death benefit available for owners (or
older joint owners, if applicable) ages 76 to 80 at issue. Once your contract
is issued, you may not change or voluntarily terminate your death benefit.


If you elect one of the enhanced death benefits (not including the GWBL
Enhanced death benefit), the death benefit is equal to your account value
(without adjustment for any otherwise applicable negative market value
adjustment) as of the date we receive satisfactory proof of the owner's (or
older joint owner's, if applicable) death, any required instructions for the
method of payment, information and forms necessary to effect payment, or your
elected enhanced death benefit on the date of the owner's (or older joint
owner's, if applicable) death adjusted for any subsequent withdrawals (and
associated withdrawal charges) whichever provides the higher amount. See
"Payment of death benefit" later in this Prospectus for more information.

Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.

If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. For
contracts with non-natural owners, the death benefit will be payable upon the
death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

If the owner (or older joint owner, if applicable) dies during the one-year
period following our receipt of a contribution, the account value used to
calculate the applicable guaranteed minimum death benefit will not reflect any
Credits applied in the one-year period prior to death. For Joint life GWBL
contracts, we will only recover the credit if the second owner dies within the
one-year period following a contribution.


OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA AND ROLLOVER TSA CONTRACTS; AND 20 THROUGH
70 AT ISSUE OF QP CONTRACTS. FOR CONTRACTS WITH NON-NATURAL OWNERS, THE
AVAILABLE DEATH BENEFITS ARE BASED ON THE ANNUITANT'S AGE.

Subject to state availability (please see Appendix VII later in this Prospectus
for state availability of these benefits), you may elect one of the following
enhanced death benefits:

o Annual Ratchet to age 85.


o The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

See Appendix IV later in this Prospectus for an example of how we calculate an
enhanced minimum death benefit.


EARNINGS ENHANCEMENT BENEFIT

Subject to state and contract availability (please see Appendix VII later in
this Prospectus for state availability of these benefits), if you are
purchasing a contract, under which the Earnings enhancement benefit is
available, you may elect the Earnings enhancement benefit at the time you
purchase your contract. The Earnings enhancement benefit


                                              Contract features and benefits  37





provides an additional death benefit as described below. See the appropriate
part of "Tax information" later in this Prospectus for the potential tax
consequences of electing to purchase the Earnings enhancement benefit in an NQ,
IRA or Rollover TSA contract. Once you purchase the Earnings enhancement
benefit, you may not voluntarily terminate the feature. If you elect the
Guaranteed withdrawal benefit for life, the Earnings enhancement benefit is not
available.

If you elect the Earnings enhancement benefit described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

o the account value or

o any applicable death benefit

decreased by:

o total net contributions


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions"
are reduced by the amount of that excess. Earnings enhancement benefit earnings
are equal to (a) minus (b) where (a) is the greater of the account value and
the death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals (credit amounts are not
included in "net contributions"); and (ii) "Death benefit" is equal to the
greater of the account value as of the date we receive satisfactory proof of
death or any applicable Guaranteed minimum death benefit as of the date of
death.


For purposes of calculating your Earnings enhancement benefit, if any
contributions are made in the one-year period prior to death of the owner (or
older joint owner, if applicable), the account value will not include any
Credits applied in the one-year period prior to death.

If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o the account value or

o any applicable death benefit

decreased by:

o total net contributions.

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns
age 80, except that the benefit will be reduced for withdrawals on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
the current account value that is being withdrawn and we reduce the benefit by
that percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is
$40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 X .40)
and the benefit after the withdrawal would be $24,000 ($40,000-$16,000).

For contracts with non-natural owners, your eligibility to elect the Earnings
enhancement benefit will be calculated based on the annuitant's age.

For an example of how the Earnings enhancement death benefit is calculated,
please see Appendix VI.

For contracts continued under Spousal continuation upon the death of the spouse
(or older spouse, in the case of jointly owned contracts), the account value
will be increased by the value of the Earnings enhancement death benefit as of
the date we receive due proof of death. The benefit will then be based on the
age of the surviving spouse as of the date of the deceased spouse's death for
the remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later
in this Prospectus for more information.

The Earnings enhancement benefit must be elected when the contract is first
issued; neither the owner nor the successor owner can add it subsequently. Ask
your financial professional or see Appendix VII later in this Prospectus to see
if this feature is available in your state.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit, the Earnings enhancement benefit or one of our
Principal guarantee benefits described later in this Prospectus. You may elect
one of our automated payment plans or you may take partial withdrawals. All
withdrawals reduce your account value and Guaranteed minimum death benefit. See
"Accessing your money" later in this Prospectus. Your investment options will
be limited to the guaranteed interest option and the permitted variable
investment options.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).


38  Contract features and benefits





For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.

For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no longer married, you may
either: (i) drop the joint annuitant or (ii) replace the original joint
annuitant with the annuitant's new spouse. This can only be done before the
first withdrawal. After the first withdrawal, the joint annuitant may be
dropped but cannot be replaced. If the joint annuitant is dropped after
withdrawals begin, the charge continues based on a Joint life basis. Joint
annuitants are not permitted under any other contracts.

Joint life QP and TSA contracts are not permitted.

The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o You plan to take withdrawals in excess of your Guaranteed annual withdrawal
  amount because those withdrawals may significantly reduce or eliminate the
  value of the benefit (see "Effect of Excess withdrawals" below in this
  section);

o You are interested in long term accumulation rather than taking withdrawals;

o You are using the contract to fund a Rollover TSA or QP contract where
  withdrawal restrictions will apply; or

o You plan to use it for withdrawals prior to age 59-1/2, as the taxable amount
  of the withdrawal will be includible in income and subject to an additional
  10% federal income tax penalty, as discussed later in this Prospectus.

For traditional IRAs, TSA and QP contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.


GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o Your GWBL benefit base increases by any subsequent contributions.


o Your GWBL benefit base may be increased on each contract date anniversary, as
  described below under "Annual ratchet" and "5% deferral bonus."

o Your GWBL benefit base is not reduced by withdrawals except those withdrawals
  that cause total withdrawal in contract year to exceed your Guaranteed annual
  withdrawal amount ("Excess withdrawal"). See "Effect of Excess withdrawals"
  below in this section.


GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. For contracts held by non-natural owners, the initial Applicable
percentage is based on the annuitant's age or on the younger annuitant's age,
if applicable, at the time of the first withdrawal. If your GWBL benefit base
ratchets, as described below in this section under "Annual ratchet," on any
contract date anniversary after you begin taking withdrawals, your Applicable
percentage may increase based on your attained age at the time of the ratchet.
The Applicable percentages are as follows:



- --------------------------------------------------------------------------------
 Age                    Applicable percentage
- --------------------------------------------------------------------------------
45-64                   4.0%
65-74                   5.0%
75-84                   6.0%
85 and older            7.0%
- --------------------------------------------------------------------------------

We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.

Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual withdrawal amount, but all withdrawals are counted toward
your free withdrawal amount. See "Withdrawal charge" in "Charges and expenses"
later in this Prospectus.


EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount.


                                              Contract features and benefits  39




If you make an Excess withdrawal, we will recalculate your GWBL benefit base
and the Guaranteed annual withdrawal amount, as follows:

     o   The GWBL benefit base is reset as of the date of the Excess
         withdrawal to equal the lesser of: (i) the GWBL benefit base
         immediately prior to the Excess withdrawal and (ii) the account
         value immediately following the Excess withdrawal.

     o   The Guaranteed annual withdrawal amount is recalculated
         to equal the Applicable percentage multiplied by the reset GWBL
         benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your
account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your GWBL benefit base is $100,000 and your account value
is $80,000 when you decide to begin taking withdrawals at age 65. Your
Guaranteed annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You
take an initial withdrawal of $8,000. Since your GWBL benefit base is
immediately reset to equal the lesser of your GWBL benefit base prior to the
Excess withdrawal ($100,000) and your account value immediately following the
Excess withdrawal ($80,000 minus $8,000), your GWBL benefit base is now
$72,000. In addition, your Guaranteed annual withdrawal amount is reduced to
$3,600 (5.0% of $72,000), instead of the original $5,000. See "How withdrawals
affect your GWBL and GWBL Guaranteed minimum death benefit" in "Accessing your
money" later in this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.



ANNUAL RATCHET

Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal will also be increased, if
applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.



5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.


SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.


GWBL GUARANTEED MINIMUM DEATH BENEFIT

There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-80, and (ii) the GWBL Enhanced death
benefit, which is available for an additional charge for owner issue ages
45-75. Please see Appendix VII later in this Prospectus to see if these
guaranteed death benefits are available in your state.

The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial
contribution and any additional contributions less a deduction that reflects
any withdrawals you make (see "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus).


40  Contract features and benefits


The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:


     o   Your GWBL Enhanced death benefit base increases by any
         subsequent contribution;


     o   Your GWBL Enhanced death benefit base increases to equal
         your account value if your GWBL benefit base is ratcheted, as
         described above in this section;

     o   Your GWBL Enhanced death benefit base increases by any
         5% deferral bonus, as described above in this section;

     o   Your GWBL Enhanced death benefit base decreases by an
         amount which reflects any withdrawals you make.

See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death benefit
" in "Accessing your money" later in this Prospectus.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death (adjusted for
any subsequent withdrawals, withdrawal charges and associated withdrawal
charges), whichever provides a higher amount. For more information, see
"Withdrawal charge" in "Charges and expenses" later in the Prospectus.



EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO

If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.

However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o Your Accumulator(R) Plus(SM) contract terminates and you will receive a
  supplementary life annuity contract setting forth your continuing benefits.
  The owner of the Accumulator(R) Plus(SM) contract will be the owner and
  annuitant. The successor owner, if applicable, will be the joint annuitant. If
  the owner is non-natural, the annuitant and joint annuitant, if applicable,
  will be the same as under your Accumulator(R) Plus(SM )contract.

o No subsequent contributions will be permitted.

o If you were taking withdrawals through the "Maximum payment plan," we will
  continue the scheduled withdrawal payments on the same basis.


o If you were taking withdrawals through the "Customized payment plan" or in
  unscheduled partial withdrawals, we will pay the balance of the Guaranteed
  annual withdrawal amount for that contract year in a lump sum. Payment of the
  Guaranteed annual withdrawal amount will begin on the next contract date
  anniversary.


o Payments will continue at the same frequency for Single or Joint life
  contracts, as applicable, or annually if automatic payments were not being
  made.

o Any guaranteed minimum death benefit remaining under the original contract
  will be carried over to the supplementary life annuity contract. The death
  benefit will no longer grow and will be reduced on a dollar for dollar basis
  as payments are made. If there is any remaining death benefit upon the death
  of the owner and successor owner, if applicable, we will pay it to the
  beneficiary.

o The charge for the Guaranteed withdrawal benefit for life and the GWBL
  Enhanced death benefit will no longer apply.

o If at the time of your death the Guaranteed annual withdrawal amount was being
  paid to you as a supplementary life annuity contract, your beneficiary may not
  elect the Beneficiary continuation option.


OTHER IMPORTANT CONSIDERATIONS


o This benefit is not appropriate if you do not intend to take withdrawals prior
  to annuitization.


o Amounts withdrawn in excess of your Guaranteed annual withdrawal amount may be
  subject to a withdrawal charge, if applicable, as described in "Charges and
  expenses" later in the Prospectus. In addition, all withdrawals count toward
  your free withdrawal amount for that contract year. Excess withdrawals can
  significantly reduce or completely eliminate the value of the GWBL and GWBL
  Enhanced death benefit. See "Effect of Excess withdrawals" above in this
  section and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
  death benefit" in "Accessing your money" later in this Prospectus.

o Withdrawals are not considered as annuity payments for tax purposes, and may
  be subject to an additional 10% Federal income tax penalty before age 59-1/2.
  See "Tax information" later in this Prospectus.

o All withdrawals reduce your account value and Guaranteed minimum death
  benefit. See "How withdrawals are taken from your account value" and "How
  withdrawals affect your Guaranteed minimum death benefit" in "Accessing your
  money" later in this Prospectus.

o If you withdraw less than the Guaranteed annual withdrawal amount in any
  contract year, you may not add the remainder to your Guaranteed annual
  withdrawal amount in any subsequent year.

o The GWBL benefit terminates if the contract is continued under the beneficiary
  continuation option or under the Spousal continuation feature if the spouse is
  not the successor owner.

o If you surrender your contract to receive its cash value and your cash value
  is greater than your Guaranteed annual withdrawal amount, all benefits under
  the contract will terminate, including the GWBL benefit.


                                              Contract features and benefits  41





o If you transfer ownership of this contract, you terminate the GWBL benefit.
  See "Transfers of ownership, collateral assignments, loans and borrowing" in
  "More information" later in this Prospectus for more information.


o Withdrawals are available under other annuity contracts we offer and this
  contract without purchasing a withdrawal benefit.

o For IRA, QP and TSA contracts, if you have to take a required minimum
  distribution ('`RMD") and it is your first withdrawal under the contract, the
  RMD will be considered your "first withdrawal" for the purposes of
  establishing your GWBL Applicable percentage.


o If you elect GWBL on a Joint life basis and subsequently get divorced, your
  divorce will not automatically terminate the contract. For both Joint life and
  Single life contracts, it is possible that the terms of your divorce decree
  could significantly reduce or completely eliminate the value of this benefit.



PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").

100% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 100%
Principal guarantee benefit is equal to your initial contribution and
additional permitted contributions, adjusted for withdrawals. The guaranteed
amount does not include any credits allocated to your contract.


Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option and the permitted variable investment
options.


125% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 125%
Principal guarantee benefit is equal to 125% of your initial contribution and
additional permitted contributions, adjusted for withdrawals. The guaranteed
amount does not include any credits allocated to your contract.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to
the allocation instructions for additional contributions we have on file. After
the benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to
the contract date anniversary following an owner's 80th birthday. If you elect
to reset the guaranteed amount, your benefit maturity date will be extended to
be the 10th contract date anniversary after the anniversary on which you reset
the guaranteed amount. This extension applies each time you reset the
guaranteed amount.

If you elect either PGB, you may not elect the Guaranteed minimum income
benefit, the Guaranteed withdrawal benefit for life, the systematic withdrawals
option or the substantially equal withdrawals option. If you purchase a PGB,
you may not make additional contributions to your contract after six months
from the contract issue date.

If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will
terminate your PGB and the charge. See "Non-spousal joint contract
continuation" in "Payment of death benefit" later in this Prospectus. The PGB
will terminate upon the exercise of the beneficiary continuation option. See
"Payment of death benefit" later in this Prospectus for more information about
the continuation of the contract after the death of the owner and/or the
annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your
contract beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only)
are not permitted under either PGB.


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix VII to find out what
applies in your state.


42  Contract features and benefits






Generally, your refund will equal your account value (less loan reserve account
under Rollover TSA contracts) under the contract on the day we receive
notification to cancel the contract and will reflect (i) any investment gain or
loss in the variable investment options (less the daily charges we deduct),
(ii) any guaranteed interest in the guaranteed interest option, and (iii) any
positive or negative market value adjustments in the fixed maturity options
through the date we receive your contract. Some states require that we refund
the full amount of your contribution (not reflecting (i), (ii) or (iii) above).
For any IRA contracts returned to us within seven days after you receive it, we
are required to refund the full amount of your contribution. Please note that
you will forfeit the credit by exercising this right of cancellation.


We may require that you wait six months before you may apply for a contract
with us again if:

o you cancel your contract during the free look period; or

o you change your mind before you receive your contract whether we have received
  your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office or your financial professional can provide you with the
cancellation instructions.


                                              Contract features and benefits  43




2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total value of the values you have in: (i) the
variable investment options; (ii) the guaranteed interest option; (iii) market
adjusted amounts in the fixed maturity options; and (iv) the loan reserve
account (applies for Rollover TSA contracts only).


Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value less: (i) the
total amount or a pro rata portion of the annual administrative charge as well
as any optional benefit charges; (ii) any applicable withdrawal charge; and
(iii) the amount of any outstanding loan plus accrued interest (applicable to
Rollover TSA contracts only). Please see "Surrendering your contract to receive
its cash value" in "Accessing your money" later in this Prospectus.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative, and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions plus the credit;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges);

(iii) increased to reflect transfer into, or decreased to reflect transfer
      out of a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from
      or to the loan reserve account under a Rollover TSA contract.


In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct
the annual administrative charge. A description of how unit values are
calculated is found in the SAI.



YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION


Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.



YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.



INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.

See Appendix VII later in this Prospectus for any state variations with regard
to terminating your contract.



GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.


PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account
value is insufficient to pay charges, we will not terminate your contract if
you are participating in a PGB. Your contract will remain in force and we will
pay your guaranteed amount at the benefit maturity date.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to


44  Determining your contract's value





a GWBL Excess withdrawal, we will terminate your contract and you will receive
no payment or supplementary life annuity contract, even if your GWBL benefit
base is greater than zero. If, however, your account value falls to zero,
either due to a withdrawal or surrender that is not a GWBL Excess withdrawal or
due to a deduction of charges the benefit will still have value. See "Contract
features and benefits" earlier in this Prospectus.


                                           Determining your contract's value  45





3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE
At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the variable investment options,
subject to the following:


o You may not transfer to a fixed maturity option that has a rate to maturity of
  3%.

o If an owner or annuitant is age 76-80, you must limit your transfers to fixed
  maturity options with maturities of seven years or less. If an owner or
  annuitant is age 81 or older, you must limit your transfers to fixed maturity
  options of five years or less. Also, the maturity dates may be no later than
  the date annuity payments are to begin.


o If you make transfers out of a fixed maturity option other than at its
  maturity date, the transfer may cause a market value adjustment.

o A transfer into the guaranteed interest option will not be permitted if such
  transfer would result in more than 25% of the account value being allocated to
  the guaranteed interest option, based on the account value as of the previous
  business day.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a) 25% of the amount you have in the guaranteed interest option on the last
    day of the prior contract year; or,

(b) the total of all amounts transferred at your request from the guaranteed
    interest option to any of the Investment options in the prior contract
    year; or,

(c) 25% of amounts transferred or allocated to the guaranteed interest option
    during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentages of your current account value to be
    transferred, and

(3) the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.



DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.


46  Transferring your money among investment options





We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.



REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows
you to rebalance your account value among the variable investment options.
Option II allows you to rebalance among the variable investment options and the
guaranteed interest option. Under both options, rebalancing is not available
for amounts you have allocated to the fixed maturity options.


In order to participate in one of our rebalancing programs, you must tell us:


(a) the percentage you want invested in each investment option (whole
    percentages only), and

(b) how often you want the rebalancing to occur (quarterly, semiannually, or
    annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------
While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer into or out of the guaranteed interest
option to initiate the rebalancing program will not


                            Transferring your money among investment options  47




be permitted if such transfer would violate these rules. If this occurs, the
rebalancing program will not go into effect.

You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general dollar cost averaging.

If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.


48  Transferring your money among investment options


4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE
You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.

Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.




- --------------------------------------------------------------------------------
                                  Method of withdrawal
                 ---------------------------------------------------------------
                                                                Lifetime
                                             Pre-age 59-1/2     required
                                             Substantially     minimum
    Contract       Partial     Systematic        equal       distribution
- --------------------------------------------------------------------------------
NQ                  Yes           Yes             No             No
- --------------------------------------------------------------------------------
Rollover IRA        Yes           Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth Con-
 version IRA        Yes           Yes             Yes            No
- --------------------------------------------------------------------------------
Rollover
 TSA*               Yes           Yes             No             Yes
- --------------------------------------------------------------------------------
QP**                Yes           No              No             Yes
- --------------------------------------------------------------------------------
/R>

* For some Rollover TSA contracts, your ability to take withdrawals, loans or
  surrender your contract may be limited. You must provide withdrawal
  restriction information when you apply for a contract. See "Tax Sheltered
  Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.


** All payments are made to the trust as the owner of the contract.



AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.



MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.


If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.


CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with the Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions). The minimum amount you may withdraw is
$300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus). Under Rollover TSA contracts, if a loan is
outstanding, you may only take partial withdrawals as long as the cash value
remaining after any withdrawal equals at least 10% of the outstanding loan plus
accrued interest.

Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.


SYSTEMATIC WITHDRAWALS
(All contracts except QP)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).


                                                        Accessing your money  49





You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. Systematic withdrawals are not available if you have elected a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life.



SUBSTANTIALLY EQUAL WITHDRAWALS
(All contracts except QP contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Once you begin to take substantially equal withdrawals, you should
not stop them or change the pattern of your withdrawals until after the later
of age 59-1/2 or five full years after the first withdrawal. If you stop or
change the withdrawals or take a partial withdrawal, you may be liable for the
10% federal tax penalty that would have otherwise been due on prior withdrawals
made under this option and for any interest on the delayed payment of the
penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.


Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge.

The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA and Rollover TSA and QP contracts only -- See "Tax information"
later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or Guaranteed minimum income benefit, amounts
withdrawn from the contract to meet RMDs will reduce the benefit base and may
limit the utility of the benefit. Also, the actuarial present value of
additional contract benefits must be added to the account value in calculating
required minimum distribution withdrawals from annuity contracts funding
qualified plans, TSAs and IRAs, which could increase the amount required to be
withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if, when added to a partial
withdrawal previously taken in the same contract year, the minimum distribution
withdrawal exceeds the 10% free withdrawal amount.


Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.


50  Accessing your money





FOR CONTRACTS WITH GWBL.  Generally, if you elect our Automatic RMD service,
any lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.


If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawal may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the
plan again at any time, but the scheduled payments will not resume until the
next contract date anniversary. Further, your GWBL benefit base and Guaranteed
annual withdrawal amount may be reduced. See "Effect of Excess Withdrawals" in
"Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT.  The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6% of the Roll- Up benefit base (as of the beginning of
the contract year or in the first contract year, all contributions received
within the first 90 days).


Owners of tax-qualified contracts (IRA, TSA and QP) generally should not reset
the Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/Guaranteed minimum income benefit Roll-Up benefit base reset." in
"Contract features and benefits" earlier in this Prospectus.



HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE


Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options and the guaranteed interest option, any additional amount of
the withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options in the order of the earliest maturity date(s)
first. A market value adjustment will apply to withdrawals from the fixed
maturity options.


HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 X .40) and your new benefit after the withdrawal would be
$24,000 ($40,000-$16,000).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.

With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% Roll-Up to age 85 benefit base on a dollar-for-dollar basis,
as long as the sum of withdrawals in a contract year is 6% or less of the 6%
Roll-Up benefit base on the contract issue date or the most recent contract
date anniversary, if later. For this purpose, in the first contract year, all
contributions received in the first 90 days after contract issue will be
considered to have been received on the first day of the contract year. In
subsequent contract years, additional contributions made during the contract
year do not affect the amount of the withdrawals that can be taken on a
dollar-for-dollar basis in that contract year. Once a withdrawal is taken that
causes the sum of withdrawals in a contract year to exceed 6% of the benefit
base on the most recent anniversary, that entire withdrawal (including RMDs)
and any subsequent withdrawals in that same contract year will reduce the
benefit base pro rata. Reduction on a dollar-for-dollar basis means that your
6% Roll-Up to age 85 benefit base will be reduced by the dollar amount of the
withdrawal for each Guaranteed benefit. The Annual Ratchet to age 85 benefit
base will always be reduced on a pro rata basis.



HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT

Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the Guaranteed annual
withdrawal amount. Withdrawals that exceed the Guaranteed annual withdrawal
amount, however, can significantly reduce your benefit base and GWBL Guaranteed
annual withdrawal amount. For more information, see "Effect of Excess
withdrawals" and "Other important considerations" under "Our Guaranteed
withdrawal benefit for life ("GWBL") " in "Contract features and benefits"
earlier in this Prospectus.


                                                        Accessing your money  51






Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than
your account value (after the Excess withdrawal), we will further reduce your
GWBL Enhanced death benefit base to equal your account value.

For purposes of calculating your GWBL and GWBL Guaranteed minimum death benefit
amount, the amount of the Excess withdrawal will include the withdrawal amount
paid to you and the amount of the withdrawal charge deducted from your account
value. For more information on calculation of the charge, see "Withdrawal
charge" later in the Prospectus.



WITHDRAWALS TREATED AS SURRENDERS

If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. In addition, we
have the right to pay the cash value and terminate this contract if no
contributions are made during the last three completed contract years, and the
account value is less than $500, or if you make a withdrawal that would result
in a cash value of less than $500. The rules in the preceding sentence do not
apply if the Guaranteed minimum income benefit no lapse guarantee is in effect
on your contract. See "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.

SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE.  We will not
treat a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life" in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.


LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subjected to ERISA, you
may only take a loan with the written consent of your spouse. If you elect the
GWBL option or a PGB, loans are not permitted. Your contract contains further
details of the loan provision. Please see Appendix VII later in this Prospectus
for any state restrictions you may be subject to if you take a loan from a
Rollover TSA contract. Also, see "Tax information" later in this Prospectus,
for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of the loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan, including any
    accrued but unpaid loan interest, will be deducted from the death benefit
    amounts).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT.  On the date your loan is processed, we will transfer the
amount of your loan to the "loan reserve account". Unless you specify
otherwise, we will subtract your loan on a pro rata basis from your value in
the variable investment options and the guaranteed interest option. If those
amounts are insufficient, any additional amount of the loan will be subtracted
from the fixed maturity options in the order of the earliest maturity date(s)
first. A market value adjustment may apply.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify otherwise, we will transfer the dollar amount of
the loan repaid from the loan reserve account to the investment options
according to the allocation percentages we have on our records. Loan repayments
are not considered contributions and therefore are not eligible for additional
credits.


The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.



52  Accessing your money





SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts with non-natural owners while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions). For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.


All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable), if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6% of the Roll- Up benefit base (as of the beginning of the contract
year). For more information, please see "Insufficient account value" in
"Determining your contract value" and "the Guaranteed withdrawal benefit for
life" in "Contract features and benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.


WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal charge) and, upon surrender, payment of the cash
value. We may postpone such payments or applying proceeds for any period during
which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.


We can defer payment of any portion of your value in the guaranteed interest
option and fixed maturity options (other than for death benefits) for up to six
months while you are living. We also may defer payments for a reasonable amount
of time (not to exceed 10 days) while we are waiting for a contribution check
to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.


YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Plus(SM) provide for
conversion to payout status at or before the contract's "maturity date." This is
called annuitization. When your contract is annuitized, your Accumulator(R)
Plus(SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Plus(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may exercise
your benefit in accordance with its terms.


Your Accumulator(R) Plus(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VII later in this
Prospectus for variations that may apply to your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus for further information.



- --------------------------------------------------------------------------------
Fixed annuity payout options           Life annuity
                                       Life annuity with period
                                         certain
                                       Life annuity with refund
                                         certain
                                       Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity             Life annuity
   payout options                      Life annuity with period
                                         certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options      Life annuity with period
   (available for owners and annu-       certain
   itants age 83 or less at contract   Period certain annuity
   issue)
- --------------------------------------------------------------------------------
o Life annuity: An annuity that guarantees payments for the rest of the
  annuitant's life. Payments end with the last monthly payment before the
  annuitant's death. Because there is no continuation of


                                                        Accessing your money  53





  benefits following the annuitant's death with this payout option, it
  provides the highest monthly payment of any of the life annuity options, so
  long as the annuitant is living.

o Life annuity with period certain: An annuity that guarantees payments for the
  rest of the annuitant's life. If the annuitant dies before the end of a
  selected period of time ("period certain"), payments continue to the
  beneficiary for the balance of the period certain. The period certain
  cannot extend beyond the annuitant's life expectancy. A life annuity with
  a period certain is the form of annuity under the contracts that you will
  receive if you do not elect a different payout option. In this case, the
  period certain will be based on the annuitant's age and will not exceed 10
  years.

o Life annuity with refund certain: An annuity that guarantees payments for the
  rest of the annuitant's life. If the annuitant dies before the amount
  applied to purchase the annuity option has been recovered, payments to the
  beneficiary will continue until that amount has been recovered. This
  payout option is available only as a fixed annuity.

o Period certain annuity: An annuity that guarantees payments for a specific
  period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
  not exceed the annuitant's life expectancy. This option does not guarantee
  payments for the rest of the annuitant's life. It does not permit any
  repayment of the unpaid principal, so you cannot elect to receive part of
  the payments as a single sum payment with the rest paid in monthly annuity
  payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life and, after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide you with details.


FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisers Trust . The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.

INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your Accumulator(R) Plus(SM).

For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.

You may choose to apply your account value of your Accumulator(R) Plus(SM)
contract to an Income Manager(SM) payout annuity. In this case, we will consider
any amounts applied as a withdrawal from your Accumulator(R) Plus(SM). For the
tax consequences of withdrawals, see "Tax information" later in this
Prospectus.

The Income Manager(SM) payout options are not available in all states.


If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option, different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income Manager(SM) prospectus.



THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION


The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of your purchase as it
relates to any withdrawal charges. If amounts in a fixed maturity option are
used to purchase any annuity payout option prior to the maturity date, a market
value adjustment will apply.


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your Accumulator(R) Plus(SM) is imposed
if you select a non-life contingent period certain payout annuity. If the period
certain is more than 5 years, then the withdrawal charge deducted will not
exceed 5% of the account value.


For the Income Manager(SM) payout life contingent options, no withdrawal charge
is imposed under the Accumulator(R) Plus(SM). If the withdrawal charge that
otherwise would have been applied to your


54  Accessing your money





account value under your Accumulator(R) Plus(SM) is greater than 2% of the
contributions that remain in your contract at the time you purchase your payout
option, the withdrawal charges under the Income Manager(SM) will apply. The year
in which your account value is applied to the payout option will be "contract
year 1."


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.

You can choose the date annuity payments begin from the Accumulator(R) Plus(SM)
contract. Generally, the date annuity payments begin may not be earlier than
five years (in a limited number of jurisdictions this requirement may be more
or less than 5 years) from the contract date. Please see Appendix VII later in
this Prospectus for information on state variations. Except with respect to
Income Manager(SM) annuity payout options, where payments are made on the 15th
day of each month, you can change the date your annuity payments are to begin
anytime before that date as long as you do not choose a date later than the
28th day of any month. Also, that date may not be later than the annuity
maturity date described below.


If you start receiving annuity payments within three years of making any
contribution, we will recover the credit that applies to any contribution made
within the prior three years. Please see Appendix VII later in this Prospectus
for information on state variations.

The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.

If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.


ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for
life," these payments will have the potential to increase with favorable
investment performance. Any remaining Guaranteed minimum death benefit value
will be transferred to the annuity payout contract as your "minimum death
benefit." If the enhanced death benefit had been elected, its value as of the
date the annuity payout contract is issued will become your minimum death
benefit, and it will no longer increase. The minimum death benefit will be
reduced dollar for dollar by each payment. If you die while there is any
minimum death benefit remaining, it will be paid to your beneficiary.


Please see Appendix VII later in this Prospectus for variations that may apply
in your state.


                                                        Accessing your money  55




5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS
We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o A mortality and expense risks charge

o An administrative charge

o A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o On each contract date anniversary -- an annual administrative charge, if
  applicable.

o At the time you make certain withdrawals or surrender your contract -- a
  withdrawal charge.


o On each contract date anniversary -- a charge for each optional benefit that
  you elect: a death benefit (other than the Standard and GWBL Standard
  death benefit); the Guaranteed minimum income benefit; the Guaranteed
  withdrawal benefit for life; and the Earnings enhancement benefit.


o On any contract date anniversary on which you are participating in a PGB -- a
  charge for a PGB.

o At the time annuity payments are to begin -- charges designed to approximate
  certain taxes that may be imposed on us, such as premium taxes in your
  state. An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge.  We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard death benefit. The daily charge is
equivalent to an annual rate of 0.95% of the net assets in each variable
investment option.

The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect. A portion of this charge also
compensates us for the contract credit. For a discussion of the credit, see
"Credits" in "Contract features and benefits" earlier in this Prospectus. We
expect to make a profit from this charge.

Administrative charge.  We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.35% of the
net assets in each variable investment option.

Distribution charge.  We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.25%
of the net assets in each variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus
to see if deducting this charge from the guaranteed interest option is
permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (if available) in the order of the earliest


56  Charges and expenses






maturity date(s) first. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. A market value
adjustment will apply to deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non life contingent
annuity payout option. For more information about the withdrawal charge if you
select an annuity payout option, see "Your annuity payout options--The amount
applied to purchase an annuity payout option" in "Accessing your money" earlier
in the Prospectus. A portion of this charge also compensates us for the
contract credit. For a discussion of the credit, see "Credits" in "Contracts
features and benefits" earlier in this Prospectus. We expect to make a profit
from this charge.


The withdrawal charge equals a percentage of the contributions withdrawn. We do
not consider credits to be contributions. Therefore, there is no withdrawal
charge associated with a credit.

The percentage of the withdrawal charge that applies to each contribution
depends on how long each contribution has been invested in the contract. We
determine the withdrawal charge separately for each contribution according to
the following table:



- --------------------------------------------------------------------------------
                              Contract year
- --------------------------------------------------------------------------------
                    1     2     3     4     5     6     7     8    9+
- --------------------------------------------------------------------------------
   Percentage of
     contribution   8%    8%    7%    7%    6%    5%    4%    3%    0%
- --------------------------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1" and the withdrawal
charge is reduced or expires on each applicable contract date anniversary.
Amounts withdrawn up to the free withdrawal amount are not considered
withdrawals of any contribution. We also treat contributions that have been
invested the longest as being withdrawn first. We treat contributions as
withdrawn before earnings for purposes of calculating the withdrawal charge.
However, federal income tax rules treat earnings under your contract as
withdrawn first. See "Tax information" later in this Prospectus.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to the
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each variable investment option. The
withdrawal charge helps cover our sales expenses.

For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.

The withdrawal charge does not apply in the circumstances described below.


10% FREE WITHDRAWAL AMOUNT. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase your 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.


CERTAIN WITHDRAWALS. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced
death benefit, the withdrawal charge will be waived for any withdrawal that,
together with any prior withdrawals made during the contract year, does not
exceed 6% of the beginning of contract year 6% Roll-Up to age 85 benefit base,
even if such withdrawals exceed the free withdrawal amount. Also, a withdrawal
charge does not apply to a withdrawal that exceeds 6% of the beginning of
contract year 6% Roll-Up to age 85 benefit base as long as it does not exceed
the free withdrawal amount. If your withdrawal exceeds the amount described
above, this waiver is not applicable to that withdrawal, or to any subsequent
withdrawal for the life of the contract.

If you elect the Guaranteed withdrawal benefit for life, we will waive any
withdrawal charge for any withdrawals during the contract year up to the
Guaranteed annual withdrawal amount, even if such withdrawals exceed the free
withdrawal amount. However, each withdrawal reduces the free withdrawal amount
for that contract year by the amount of the withdrawal. Also, a withdrawal
charge does not apply to a withdrawal that exceeds the Guaranteed annual
withdrawal amount as long as it does not exceed the free withdrawal amount.
Withdrawal charges, if applicable, are applied to the amount of the withdrawal
that exceeds both the free withdrawal amount and the Guaranteed annual
withdrawal amount.


DISABILITY, TERMINAL ILLNESS, OR CONFINEMENT TO NURSING HOME. The withdrawal
charge also does not apply if:

    (i)   An owner (or older joint owner, if applicable) has qualified to
          receive Social Security disability benefits as certified by the Social
          Security Administration; or

    (ii)  We receive proof satisfactory to us (including certification by a
          licensed physician) that an owner's (or older joint owner's, if
          applicable) life expectancy is six months or less; or

    (iii) An owner (or older joint owner, if applicable) has been con-


                                                        Charges and expenses  57





         fined to a nursing home for more than 90 days (or such other period,
         as required in your state) as verified by a licensed physician. A
         nursing home for this purpose means one that is (a) approved by
         Medicare as a provider of skilled nursing care service, or (b)
         licensed as a skilled nursing home by the state or territory in which
         it is located (it must be within the United States, Puerto Rico, or
         U.S. Virgin Islands) and meets all of the following:

         -- its main function is to provide skilled, intermediate, or custodial
              nursing care;

         -- it provides continuous room and board to three or more persons;

         -- it is supervised by a registered nurse or licensed practical nurse;

         -- it keeps daily medical records of each patient;

         -- it controls and records all medications dispensed; and

         -- its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions as described in (i), (ii)
or (iii) above existed at the time a contribution was remitted or if the
condition that began within 12 months of the period following remittance. Some
states may not permit us to waive the withdrawal charge in the above
circumstances, or may limit the circumstances for which the withdrawal charge
may be waived. Your financial professional can provide more information or you
may contact our processing office.


GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.65% of the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85
benefit base.

GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.

We will deduct this charge from your value in the variable investment options
(or, if applicable, the permitted variable investment options) and the
guaranteed interest option on a pro rata basis (see Appendix VII later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state). If those amounts are still insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (if
applicable) in the order of the earliest maturity date(s) first. A market value
adjustment will apply to deductions from the fixed maturity options. If the
contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of
the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.


PRINCIPAL GUARANTEE BENEFITS CHARGE


If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee
benefit. We will continue to deduct the charge until your benefit maturity
date. We will deduct this charge from your value in the permitted variable
investment options and the guaranteed interest option (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option or the contract date anniversary after the annuitant reaches age
85, whichever occurs first. The charge is equal to 0.65% of the applicable
benefit base in effect on the contract date anniversary.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are still insufficient, we
will deduct all or a portion of the charge from the fixed maturity options in
the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


58  Charges and expenses





EARNINGS ENHANCEMENT BENEFIT CHARGE


If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary for which it is in effect.
The charge is equal to 0.35% of the account value on each contract date
anniversary. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option on a pro rata basis. If
those amounts are insufficient, we will deduct all or a portion of the charge
from the fixed maturity options in the order of the earliest maturity date(s)
first. If the contract is surrendered or annuitized or a death benefit is paid
on a date other than a contract date anniversary, we will deduct a pro rata
portion of the charge for that year. A market value adjustment will apply to
deductions from the fixed maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. We will
deduct this charge from your value in the permitted variable investment options
and the guaranteed interest option on a pro rata basis. (See Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state.) If the contract is surrendered or
annuitized or a death benefit is paid, on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the GWBL Single Life option is 0.75%. The maximum charge for
the Joint Life option is 0.90%. The increased charge, if any, will apply as of
the contract date anniversary on which your GWBL benefit base ratchets and on
all contract date anniversaries thereafter. We will permit you to opt out of
the ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time
to reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.


CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity Payout option. This option may not be available at the time
you elect to annuitize or it may have a different charge.


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o Management fees ranging from 0.05% to 1.40%.

o 12b-1 fees of either 0.25% or 0.35%.


o Operating expenses, such as trustees' fees, independent public accounting
  firms' fees, legal counsel fees, administrative service fees, custodian
  fees and liability insurance.

o Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to the 12b-1
fee. If permitted under the terms of our exemptive order regarding
Accumulator(R) Plus(SM) bonus feature, we may also change the crediting
percentage that applies to contributions. Group arrangements include those in
which a trustee or an employer, for example, purchases contracts covering a
group of individuals on a group basis. Group arrangements are not available for
Rollover IRA and Roth Conversion IRA contracts. Sponsored arrangements include
those in which an employer allows us to sell contracts to its employees or
retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these


                                                        Charges and expenses  59




rules from time to time. Any variation will reflect differences in costs or
services and will not be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.


OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.


60  Charges and expenses





6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT
You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In
a QP contract, the beneficiary must be the trustee. Where an NQ contract is
owned for the benefit of a minor pursuant to the Uniform Gift to Minors Act or
the Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit.
We determine the amount of the death benefit (other than the applicable
Guaranteed minimum death benefit) and any amount applicable under the Earnings
enhancement benefit, as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. The account value used to determine the
death benefit and the Earnings enhancement benefit will first be reduced by the
amount of any Credits applied in the one-year period prior to the owner's (or
older joint owner's, if applicable) death. The amount of the applicable
Guaranteed minimum death benefit will be such Guaranteed minimum death benefit
as of the date of the owner's (or older joint owner's, if applicable) death
adjusted for any subsequent withdrawals. For Rollover TSA contracts with
outstanding loans, we will reduce the amount of the death benefit by the amount
of the outstanding loan, including any accrued but unpaid interest on the date
that the death benefit payment is made.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.


EFFECT OF THE OWNER'S DEATH


In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death
of the annuitant. For Joint life contracts with GWBL, the death benefit is paid
to the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature or under our Beneficiary continuation option, as
discussed below. For contracts with non-spousal joint owners, the joint owner
will be able to continue the contract as a successor owner subject to the
limitations discussed below under "Non-spousal joint owner contract
continuation." If you are the sole owner and your spouse is the sole primary
beneficiary, your surviving spouse can continue the contract as a successor
owner as discussed below, under "Spousal continuation" or under our Beneficiary
continuation option, as discussed below.


If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require
payments of amounts under the contract to be made within five years of an
owner's death (the "5-year rule"). In certain cases, an individual beneficiary
or non-spousal surviving joint owner may opt to receive payments over his/her
life (or over a period not in excess of his/her life expectancy) if payments
commence within one year of the owner's death. Any such election must be made
in accordance with our rules at the time of death. If the beneficiary of a
contract with one owner or a younger non-spousal joint owner continues the
contract under the 5-year rule, in general, all guaranteed benefits and their
charges will end. If a PGB election is in effect upon your death with a benefit
maturity date of less than five years from the date of death, it will remain in
effect. For more information on non-spousal joint owner contract continuation,
see the section immediately below.


NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.


                                                    Payment of death benefit  61





Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint owner within five
years. The surviving owner may instead elect to receive a life annuity,
provided payments begin within one year of the deceased owner's death. If the
life annuity is elected, the contract and all benefits terminate.

If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to
five years; or (4) continue the contract under the Beneficiary continuation
option. If any contributions are made during the one-year period prior to the
owner's death, the account value will first be reduced by any Credits applied
to any such contributions. If the contract continues, the Guaranteed minimum
death benefit and charge and the Guaranteed minimum income benefit and charge
will then be discontinued. Withdrawal charges will no longer apply, and no
additional contributions will be permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the Beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. Withdrawal charges will continue to apply and no additional
contributions will be permitted.

Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more
than five years from the date of death, we will terminate the benefit and the
charge.


SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your spouse, your spouse may elect to
continue the contract as successor owner upon your death. Spousal beneficiaries
(who are not also joint owners) must be 85 or younger as of the date of the
deceased spouse's death in order to continue the contract under Spousal
continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse
beneficiary (under a Single owner contract), may elect to receive the death
benefit or continue the contract, as follows:

o As of the date we receive satisfactory proof of your death, any required
  instructions, information and forms necessary, we will increase the account
  value to equal the elected Guaranteed minimum death benefit as of the date of
  your death if such death benefit is greater than such account value, plus any
  amount applicable under the Earnings enhancement benefit , and adjusted for
  any subsequent withdrawals. If any contributions are made during the one-year
  period prior to the owner's death, the account value will first be reduced by
  any Credits applied to any such contributions. The increase in the account
  value will be allocated to the investment options according to the allocation
  percentages we have on file for your contract.

o In general, withdrawal charges will no longer apply to contributions made
  before your death. Withdrawal charges will apply if additional contributions
  are made.

o The applicable Guaranteed minimum death benefit option may continue as
  follows:

     o If the surviving spouse is age 75 or younger on the date of your death,
       and you were age 84 or younger at death, the Guaranteed minimum death
       benefit you elected continues and will continue to grow according to its
       terms until the contract date anniversary following the date the
       surviving spouse reaches age 85.

     o If the surviving spouse is age 75 or younger on the date of your death,
       and you were age 85 or older at death, we will reinstate the Guaranteed
       minimum death benefit you elected. The benefit base (which had previously
       been frozen at age 85) will now continue to grow according to its terms
       until the contract date anniversary following the date the surviving
       spouse reaches age 85.

     o If the surviving spouse is age 76 or over on the date of your death, the
       Guaranteed minimum death benefit and charge will be discontinued.

     o If the Guaranteed minimum death benefit continues, the Guaranteed minimum
       death benefit/Guaranteed minimum income benefit roll-up benefit base
       reset, if applicable, will be based on the surviving spouse's age at the
       time of your death. The next available reset will be based on the
       contract issue date or last reset, as applicable.

     o For single owner contracts with the GWBL Enhanced death benefit, we will
       discontinue the benefit and charge. However, we will freeze the GWBL
       Enhanced death benefit base as of the date of your death (less subsequent
       withdrawals), and pay it upon your spouse's death.

o The Earnings enhancement benefit will be based on the surviving spouse's age
  at the date of the deceased spouse's death for the remainder of the life of
  the contract. If the benefit had been previously frozen because the older
  spouse had attained age 80, it will be reinstated if the surviving spouse is
  age 75 or younger. The benefit is then frozen on the contract date anniversary
  after the surviving spouse reaches age 80. If the surviving spouse is age 76
  or older, the benefit and charge will be discontinued.

o If elected, PGB continues and is based on the same benefit maturity date and
  guaranteed amount that was guaranteed.

o The Guaranteed minimum income benefit may continue if the benefit had not
  already terminated and the benefit will be based on the surviving spouse's age
  at the date of the deceased spouse's death. See "Guaranteed minimum income
  benefit" in "Contract features and benefits" earlier in this Prospectus.


62  Payment of death benefit





o If you elect the Guaranteed withdrawal benefit for life on a Joint life basis,
  the benefit and charge will remain in effect and no death benefit is payable
  until the death of the surviving spouse. Withdrawal charges will continue to
  apply to all contributions made prior to the deceased spouse's death. No
  additional contributions will be permitted. If you elect the Guaranteed
  withdrawal benefit for life on a Single life basis, the benefit and charge
  will terminate.

o If the deceased spouse was the annuitant, the surviving spouse becomes the
  annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o The Guaranteed minimum death benefit, the Earnings enhancement benefit and the
  Guaranteed minimum income benefit continue to be based on the older spouse's
  age for the life of the contract.

o If the deceased spouse was the annuitant, the surviving spouse becomes the
  annuitant.

o If a PGB had been elected, the benefit continues and is based on the same
  benefit maturity date and guaranteed amount.

o If you elect the Guaranteed withdrawal benefit for life, the benefit and
  charge will remain in effect and no death benefit is payable until the death
  of the surviving spouse.

o The withdrawal charge schedule remains in effect.

If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.



BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VII later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.


BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Earnings enhancement benefit feature, adjusted for
any subsequent withdrawals. The account value, however, will first be reduced
by any Credits applied in the one-year period prior to the owner's death.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o The contract continues in your name for the benefit of your beneficiary.

o The beneficiary replaces the deceased owner as annuitant.

o This feature is only available if the beneficiary is an individual. Certain
  trusts with only individual beneficiaries will be treated as individuals for
  this purpose.

o If there is more than one beneficiary, each beneficiary's share will be
  separately accounted for. It will be distributed over the beneficiary's own
  life expectancy, if payments over life expectancy are chosen.

o The minimum amount that is required in order to elect the beneficiary
  continuation option is $5,000 for each beneficiary.

o The beneficiary may make transfers among the investment options but no
  additional contributions will be permitted.

o If you had elected the Guaranteed minimum income benefit, an optional enhanced
  death benefit, a PGB, the Guaranteed withdrawal benefit for life or the GWBL
  Enhanced death benefit under the contract, they will no longer be in effect
  and charges for such benefits will stop. Also, any Guaranteed minimum death
  benefit feature will no longer be in effect.


                                                    Payment of death benefit  63





o The beneficiary may choose at any time to withdraw all or a portion of the
  account value and no withdrawal charges, if any, will apply.

o Any partial withdrawal must be at least $300.

o Your beneficiary will have the right to name a beneficiary to receive any
  remaining interest in the contract.

o Upon the death of your beneficiary, the beneficiary he or she has named has
  the option to either continue taking required minimum distributions based on
  the remaining life expectancy of the deceased beneficiary or to receive any
  remaining interest in the contract in a lump sum. The option elected will be
  processed when we receive satisfactory proof of death, any required
  instructions for the method of payment and any required information and forms
  necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. For purposes of this discussion, "beneficiary" refers to
the successor owner. This feature must be elected within 9 months following the
date of your death and before any other inconsistent election is made.
Beneficiaries who do not make a timely election will not be eligible for this
option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o This feature is only available if the beneficiary is an individual. It is not
  available for any entity such as a trust, even if all of the beneficiaries of
  the trust are individuals.

o The beneficiary automatically replaces the existing annuitant.

o The contract continues in your name for the benefit of your beneficiary.

o If there is more than one beneficiary, each beneficiary's share will be
  separately accounted for. It will be distributed over the respective
  beneficiary's own life expectancy, if scheduled payments are chosen.

o The minimum amount that is required in order to elect the beneficiary
  continuation option is $5,000 for each beneficiary.

o The beneficiary may make transfers among the investment options but no
  additional contributions will be permitted.

o If you had elected the Guaranteed minimum income benefit, an optional enhanced
  death benefit, a PGB, the Guaranteed withdrawal benefit for life or the GWBL
  Enhanced death benefit under the contract, they will no longer be in effect
  and charges for such benefits will stop. Also, any Guaranteed minimum death
  benefit feature will no longer be in effect.

o If the beneficiary chooses the "5-year rule," withdrawals may be made at any
  time. If the beneficiary instead chooses scheduled payments, the beneficiary
  must also choose between two potential withdrawal options at the time of
  election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
  cannot later withdraw funds in addition to the scheduled payments the
  beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
  "Withdrawal Option 2" permits the beneficiary to take withdrawals, in addition
  to scheduled payments, at any time. However, the scheduled payments under
  "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
  payments." See "Taxation of nonqualified annuities" in "Tax Information" later
  in this Prospectus.

o Any partial withdrawals must be at least $300.

o Your beneficiary will have the right to name a beneficiary to receive any
  remaining interest in the contract on the beneficiary's death.

o Upon the death of your beneficiary, the beneficiary he or she has named has
  the option to either continue taking scheduled payments based on the remaining
  life expectancy of the deceased beneficiary (if scheduled payments were
  chosen) or to receive any remaining interest in the contract in a lump sum. We
  will pay any remaining interest in the contract in a lump sum if your
  beneficiary elects the 5-year rule. The option elected will be processed when
  we receive satisfactory proof of death, any required instructions for the
  method of payment and any required information and forms necessary to effect
  payment.

If the deceased is the owner or older joint owner:

o As of the date we receive satisfactory proof of death, any required
  instructions, information and forms necessary to effect the Beneficiary
  continuation option feature, we will increase the account value to equal the
  applicable death benefit if such death benefit is greater than such account
  value plus any amount applicable under the Earnings enhancement benefit,
  adjusted for any subsequent withdrawals.

o No withdrawal charges will apply to any withdrawals by the beneficiary.

If the deceased is the younger non-spousal joint owner:

o The annuity account value will not be reset to the death benefit amount.

o The contract's withdrawal charge schedule will continue to be applied to any
  withdrawal or surrender other than scheduled payments; the contract's free
  withdrawal amount will continue to apply to withdrawals but does not apply to
  surrenders.

o We do not impose a withdrawal charge on scheduled payments except if, when
  added to any withdrawals previously taken in the same contract year, including
  for this purpose a contract surrender, the total amount of withdrawals and
  scheduled payments exceed the free withdrawal amount. See the "Withdrawal
  charges" in "Charges and expenses" earlier in this Prospectus.


64  Payment of death benefit




7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW
In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Plus(SM) contracts owned by United States
individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.


We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.


BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Accumulator(R) Plus'(SM) extra credit on each
contribution, choice of death benefits, the Guaranteed withdrawal benefit for
life benefit, the Guaranteed minimum income benefit, guaranteed interest
option, fixed maturity options, selection of variable investment options, and
its choices of payout options, as well as the features and benefits of other
permissible funding vehicles and the relative costs of annuities and other
arrangements. You should be aware that cost may vary depending on the features
and benefits made available and the charges and expenses of the investment
options or funds that you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract. See also Appendix II at the end of this Prospectus for a discussion
of QP contracts.


TRANSFERS AMONG VARIABLE INVESTMENT OPTIONS

You can make transfers among variable investment options inside the contract
without triggering taxable income.


TAXATION OF NONQUALIFIED ANNUITIES


CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.


CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o if a contract fails investment diversification requirements as specified in
  federal income tax rules (these rules are based on or are similar to those
  specified for mutual funds under the securities laws);

o if you transfer a contract, for example, as a gift to someone other than your
  spouse (or former spouse);

o if you use a contract as security for a loan (in this case, the amount pledged
  will be treated as a distribution); and

o if the owner is other than an individual (such as a corporation, partnership,
  trust, or other non-natural person). This provision does not apply to a trust
  which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.


                                                             Tax information  65





TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED WITHDRAWAL BENEFIT FOR
LIFE

We treat Guaranteed annual withdrawals and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are taxable to you as
ordinary income if there are earnings in the contract. Generally, earnings are
your account value less your investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable. If you withdraw an amount which
is more than the earnings in the contract as of the date of the withdrawal, the
balance of the distribution is treated as a return of your investment in the
contract and is not taxable. It reduces the investment in the contract.


ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract.

Generally, your investment in the contract equals the contributions you made,
less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.


PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.


EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which should have no adverse tax effect, it is possible that the IRS could take
a contrary position or assert that the Earnings enhancement benefit rider is
not part of the contract. In such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could be taxable, and for contract owners under age 59-1/2, also subject to a
tax penalty. Were the IRS to take this position, Equitable would take all
reasonable steps to attempt to avoid this result which could include amending
the contract (with appropriate notice to you).


CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o the contract that is the source of the funds you are using to purchase the NQ
  contract is another nonqualified deferred annuity contract or life insurance
  or endowment contract.

o the owner and the annuitant are the same under the source contract and the
  Accumulator(R) Plus(SM) NQ contract. If you are using a life insurance or
  endowment contract the owner and the insured must be the same on both sides of
  the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Plus(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required
to process this type of exchange.


Section 1035 exchanges are generally not available after the death of the
owner.



SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.


DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


Beneficiary continuation option

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

o scheduled payments under the beneficiary continuation option for NQ contracts
  satisfy the death of owner rules of Section 72(s)(2) of


66  Tax information





  the Code, regardless of whether the beneficiary elects "Withdrawal Option
  1" or "Withdrawal Option 2;"

o scheduled payments, any additional withdrawals under "Withdrawal Option 2," or
  contract surrenders under "Withdrawal Option 1" will only be taxable to the
  beneficiary when amounts are actually paid, regardless of the Withdrawal
  Option selected by the beneficiary;

o a beneficiary who irrevocably elects scheduled payments with "Withdrawal
  Option 1" will receive "excludable amount" tax treatment on scheduled
  payments. See "Annuity payments" earlier in this section. If the beneficiary
  elects to surrender the contract before all scheduled payments are paid, the
  amount received upon surrender is a non-annuity payment taxable to the extent
  it exceeds any remaining investment in the contract.


The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).

The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.


EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o on or after your death; or

o because you are disabled (special federal income tax definition); or


o in the form of substantially equal periodic annuity payments for your life (or
  life expectancy), or the joint lives (or joint life expectancy) of you and a
  beneficiary, in accordance with IRS formulas. We do not anticipate that
  Guaranteed annual withdrawals made under the Guaranteed withdrawal benefit for
  life's Maximum or Customized payment plan or taken as partial withdrawals will
  qualify for this exception if made before 59-1/2.



INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.


SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.


INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)


GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets funding the account for the benefit of the IRA owner. The assets
typically can include mutual funds and/or individual stocks and/or securities
in a custodial account, and bank certificates of deposit in a trusteed account.
In an individual retirement annuity, an insurance company issues an annuity
contract that serves as the IRA.

There are two basic types of IRAs, as follows:

o Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
  SIMPLE IRAs issued and funded in connection with employer-sponsored retirement
  plans; and

o Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is


                                                             Tax information  67





usually updated annually, and can be obtained from any IRS district office or
the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA ("Rollover IRA") or Roth IRA ("Roth
Conversion IRA"). This Prospectus contains the information that the IRS
requires you to have before you purchase an IRA. The first section covers some
of the special tax rules that apply to traditional IRAs. The next section
covers Roth IRAs. The disclosure generally assumes direct ownership of the
individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.

We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).


AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of the Accumulator(R) Plus(SM) traditional and Roth IRA
contracts for use as a traditional and Roth IRA, respectively. It is not clear
whether and when any such approval may be received. We have in the past received
IRS opinion letters approving the respective forms of similar traditional IRA
and Roth IRA endorsements for use as a traditional and Roth IRA, respectively.
This IRS approval is a determination only as to the form of the annuity. It does
not represent a determination of the merits of the annuity as an investment. The
contracts submitted for IRS approval do not include every feature possibly
available under the Accumulator(R) Plus(SM) traditional and Roth IRA contracts.



EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available
under the Accumulator(R) traditional and Roth IRA contracts. You should discuss
with your tax adviser whether you should consider purchasing an Accumulator(R)
Plus(SM) IRA or Accumulator(R) Plus(SM) Roth IRA with the optional Earnings
enhancement benefit.

Your right to cancel within a certain number of days

You can cancel either type of Accumulator(R) Plus(SM) IRA contract (traditional
IRA or Roth IRA) by following the directions in "Your right to cancel within a
certain number of days" under "Contract features and benefits" earlier in this
Prospectus. If you cancel a traditional IRA or Roth IRA contract, we may have
to withhold tax, and we must report the transaction to the IRS. A contract
cancellation would have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)

Contributions to traditional IRAs.  Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:

o "regular" contributions out of earned income or compensation; or

o tax-free "rollover" contributions; or

o direct custodian-to-custodian transfers from other traditional IRAs ("direct
  transfers").


Regular contributions to traditional IRAs

Limits on contributions.  The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007, and after.

Special rules for spouses.  If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. Catch-up contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.

Deductibility of contributions.  The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored retirement plan, as defined under special
federal income tax rules. Your Form W-2 will indicate whether or not you are
covered by such a retirement plan.


68  Tax information



If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions." That is, for 2007, your fully deductible
contribution can be up to $4,000 ($5,000 for 2008), or if less, your earned
income. The dollar limit is $5,000 for people eligible to make age 50-70-1/2
catch-up contributions for 2007 ($6,000 for 2008).

If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)


To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $50,000 if you are single, or $75,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

    ($10,000-excess AGI)     times    the maximum       Equals     the adjusted
    -------------------       x          regular          =         deductible
    divided by $10,000                contribution                 contribution
                                      for the year                     limit

Additional "Saver's Credit" for contributions to a traditional
IRA or Roth IRA

You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax
return, and your adjusted gross income cannot exceed $50,000 ($52,000 after
cost of living indexing beginning in 2007). The amount of the tax credit you
can get varies from 10% of your contribution to 50% of your contribution, and
depends on your income tax filing status and your adjusted gross income. The
maximum annual contribution eligible for the saver's credit is $2,000. If you
and your spouse file a joint return, and each of you qualifies, each is
eligible for a maximum annual contribution of $2,000. Your saver's credit may
also be reduced if you take or have taken a taxable distribution from any plan
eligible for a saver's credit contribution -- even if you make a contribution
to one plan and take the distribution from another plan -- during the "testing
period." The "testing period" begins two years before the year for which you
make the contribution and ends when your tax return is due for the year for
which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.

Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

When you can make regular contributions.  If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o qualified plans;

o governmental employer 457(b) plans;

                                                             Tax information  69





o TSAs (including Internal Revenue Code Section 403(b)(7) custodial accounts);
  and

o other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs

Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.

There are two ways to do rollovers:

o Do it yourself:
  You actually receive a distribution that can be rolled overand you roll it
  over to a traditional IRA within 60 days after the date you receive the funds.
  The distribution from your eligible retirement plan will be net of 20%
  mandatory federal income tax withholding. If you want, you can replace the
  withheld funds yourself and roll over the full amount.

o Direct rollover:
  You tell the trustee or custodian of the eligible retirement plan to send
  the distribution directly to your traditional IRA issuer. Direct rollovers
  are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o "required minimum distributions" after age 70-1/2 or retirement from service
  with the employer; or

o substantially equal periodic payments made at least annually for your life (or
  life expectancy) or the joint lives (or joint life expectancies) of you and
  your designated beneficiary; or

o substantially equal periodic payments made for a specified period of 10 years
  or more; or

o hardship withdrawals; or

o corrective distributions that fit specified technical tax rules; or

o loans that are treated as distributions; or

o death benefit payments to a beneficiary who is not your surviving spouse; or

o qualified domestic relations order distributions to a beneficiary who is not
  your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement
plans other than traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS

The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court ordered divorce or separation decree.

Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o regular contributions of more than the maximum regular contribution amount for
  the applicable taxable year); or

o regular contributions to a traditional IRA made after you reach age 70-1/2; or


o rollover contributions of amounts which are not eligible to be rolled over,
  for example, minimum distributions required to be made after age 70-1/2.


70  Tax information





You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1) the rollover was from an eligible retirement plan to a traditional IRA;

(2) the excess contribution was due to incorrect information that the plan
    provided; and

(3) you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments.  Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible
traditional IRA contributions (less any amounts previously withdrawn tax free)
to the total account balances of all traditional IRAs you own at the end of the
year plus all traditional IRA distributions made during the year. Multiply this
by all distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o the amount received is a withdrawal of excess contributions, as described
  under "Excess contributions" earlier in this section; or

o the entire amount received is rolled over to another traditional IRA or other
  eligible retirement plan which agrees to accept the funds. (See "Rollovers
  from eligible retirement plans other than traditional IRAs" under "Rollover
  and transfer contributions to traditional IRAs" earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.

Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners age 70-1/2 or older.

Required minimum distributions

BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS

Distributions must be made from traditional IRAs according to rules contained
in the Code and Treasury Regulations. Beginning in 2006, certain provisions of
the Treasury Regulations require that the actuarial present value of additional
annuity contract benefits be added to the dollar amount credited for purposes
of calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income
benefits and enhanced death benefits. This could increase the amount required


                                                             Tax information  71





to be distributed from these contracts. If you take annual withdrawal instead
of annuitizing, please consult your tax adviser concerning applicability of
these complex rules to your situation.

Lifetime required minimum distributions.  You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution.  The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that
year--the delayed one for the first year and the one actually for that year.
Once minimum distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans?  No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose?  We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year?  The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year?  Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die?  These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary.  Regardless of whether your death occurs before or
after your Required Beginning Date, an individual death beneficiary calculates
annual post-death required minimum distribution payments based on the
beneficiary's life expectancy using the "term certain method." That is, he or
she determines his or her life expectancy using the IRS-provided life
expectancy tables as of the calendar year after the owner's death and reduces
that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of


72  Tax information





the calendar year which contains the fifth anniversary of the owner's death. No
distribution is required before that fifth year.

Spousal beneficiary.  If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from your
traditional IRA into his/her own traditional IRA or other eligible retirement
plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary.  If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Spousal continuation

If the contract is continued under Spousal continuation, then no amounts are
required to be paid until after the surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o on or after your death; or

o because you are disabled (special federal income tax definition); or

o used to pay certain extraordinary medical expenses (special federal income tax
  definition); or

o used to pay medical insurance premiums for unemployed individuals (special
  federal income tax definition); or

o used to pay certain first-time home buyer expenses (special federal income tax
  definition; $10,000 lifetime total limit for these distributions from all your
  traditional and Roth IRAs); or

o used to pay certain higher education expenses (special federal income tax
  definition); or


o in the form of substantially equal periodic payments made at least annually
  over your life (or your life expectancy) or over the joint lives of you and
  your beneficiary (or your joint life expectancies using an IRS-approved
  distribution method. We do not anticipate that Guaranteed annual payments made
  under the Guaranteed withdrawal benefit for life's Maximum or Customized
  payment plan or taken as partial withdrawals will qualify for this exception
  if made before age 59-1/2.


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially
equal withdrawals and Income Manager(SM) payments are not subject to the 10%
penalty tax, they are taxable as discussed in "Withdrawals, payments and
transfers of funds out of traditional IRAs" above. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under this option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.

Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."


                                                             Tax information  73




The Accumulator(R) Plus(SM) Roth Conversion IRA contract is designed to qualify
as a Roth individual retirement annuity under Sections 408A(b) and 408(b) of
the Internal Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o regular after-tax contributions out of earnings; or

o taxable rollover contributions from traditional IRAs ("conversion"
  contributions); or

o tax-free rollover contributions from other Roth arrangements; or

o tax-free direct custodian-to-custodian transfers from other Roth IRAs ("direct
  transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in
this section. If you use the forms we require, we will also accept traditional
IRA funds which are subsequently recharacterized as Roth IRA funds following
special federal income tax rules.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Regular contributions to Roth IRAs

Limits on regular contributions.  The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability
to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007, and
later years.


With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):

o your federal income tax filing status is "married filing jointly" and your
  modified adjusted gross income is over $160,000 (for 2007, $166,000 after
  adjustment); or

o your federal income tax filing status is "single" and your modified adjusted
  gross income is over $110,000 (for 2007, $114,000 after adjustment).


However, you can make regular Roth IRA contributions in reduced amounts when:


o your federal income tax filing status is "married filing jointly" and your
  modified adjusted gross income is between $150,000 and $160,000 (for 2007,
  between $156,000 and $166,000 after adjustment); or

o your federal income tax filing status is "single" and your modified adjusted
  gross income is between $95,000 and $110,000 (for 2007, between $99,000 and
  $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions.  Same as traditional IRAs.

Deductibility of contributions.  Roth IRA contributions are not tax deductible.


Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o another Roth IRA ("tax-free rollover contribution");

o a "designated Roth contribution account" under a 401(k) plan or a 403(b)
  arrangement;

o another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
  rollover limitation period for SIMPLE IRA funds), in a taxable conversion
  rollover ("conversion contribution");

o you may not make contributions to a Roth IRA from a qualified plan under
  Section 401(a) of the Internal Revenue Code, a TSA under Section 403(b) of the
  Internal Revenue Code or any other eligible retirement plan until 2008. You
  may make rollover contributions


74  Tax information





   from a "designated Roth contribution account" under a 401(k) plan or a
   403(b) arrangement which permits designated Roth elective deferral
   contributions to be made, beginning in 2006.

You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize.  To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.


                                                             Tax information  75





Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals.  You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o rollovers from a Roth IRA to another Roth IRA;

o direct transfers from a Roth IRA to another Roth IRA;

o qualified distributions from a Roth IRA; and

o return of excess contributions or amounts recharacterized to a traditional
  IRA.

Qualified distributions from Roth IRAs.  Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o you are age 59-1/2 or older; or

o you die; or

o you become disabled (special federal income tax definition); or

o your distribution is a "qualified first-time homebuyer distribution" (special
  federal income tax definition; $10,000 lifetime total limit for these
  distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs.  Nonqualified distributions from
Roth IRAs are distributions that do not meet both the qualifying event and
five-year aging period tests described above. If you receive such a
distribution, part of it may be taxable. For purposes of determining the
correct tax treatment of distributions (other than the withdrawal of excess
contributions and the earnings on them), there is a set order in which
contributions (including conversion contributions) and earnings are considered
to be distributed from your Roth IRA. The order of distributions is as follows:


(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally,
     total conversions from the earliest year first). These conversion
     contributions are taken into account as follows:

     (a) Taxable portion (the amount required to be included in gross
         income because of conversion) first, and then the

     (b) Nontaxable portion.

(3)     Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1)  All distributions made during the year from all Roth IRAs you
     maintain -- with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contribu
     tions made after the close of the year, but before the due date of your
     return) are added together. This total is added to the total undistributed
     regular contributions made in prior years.

(3)  All conversion contributions made during the year are added
     together. For purposes of the ordering rules, in the case of any
     conversion in which the conversion distribution is made in 2007 and the
     conversion contribution is made in 2008, the conversion contribution is
     treated as contributed prior to other conversion contributions made in
     2008.

Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.


76  Tax information





Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.


TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004 the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please Consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

Earnings enhancement benefit

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement rider could be treated for federal income tax purposes as a partial
withdrawal from the contract. If this were so, such a deemed withdrawal could
affect the tax qualification of the TSA and could be taxable. Were the IRS to
take any adverse position, AXA Equitable would take all reasonable steps to
attempt to avoid any adverse result, which would include amending the contract
(with appropriate notice to you). You should discuss with your tax adviser
whether you should consider purchasing an Accumulator(R) Plus(SM) Rollover TSA
contract with the optional Earnings enhancement benefit.

Contributions to TSAs

There are two ways you can make contributions to establish your Rollover TSA
contract:

o a full or partial direct transfer of assets ("direct transfer") from another
  contract or arrangement that meets the requirements of Section 403(b) of
  the Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R) Plus(SM)
TSA. We do not accept "designated Roth contributions" rolled over from a 401(k)
plan or a 403(b) arrangement or directly transferred from another 403(b)
arrangement.

Employer-remitted contributions. The Rollover TSA contract does not accept
employer-remitted contributions. However, we provide the following discussion
as part of our description of restrictions on the distribution of funds
directly transferred, which include employer-remitted contributions to other
TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contributions as
"designated Roth contributions" to the 403(b) arrangement which are made on an
after-tax basis. However, a TSA can also be wholly or partially funded through
nonelective employer contributions or other after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal restrictions. Also, all amounts attributable to
investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

Rollover or direct transfer contributions.  Once you establish your Rollover
TSA with 403(b)-source funds, you may make subsequent rollover contributions to
your Rollover TSA contract from these sources: qualified plans, governmental
employer 457(b) plans and traditional IRAs, as well as other TSAs and 403(b)
arrangements. All rollover contributions must be pre-tax funds only with
appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:


                                                             Tax information  77




o termination of employment with the employer who provided the funds for the
  plan; or

o reaching age 59-1/2 even if you are still employed; or

o disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o you give us acceptable written documentation as to the source of the funds;
  and

o the Accumulator(R) Plus(SM) contract receiving the funds has provisions at
  least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Plus(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Plus(SM) TSA must be net of the required
minimum distribution for the tax year in which we issue the contract if:

o you are or will be at least age 70-1/2 in the current calendar year, and

o you have retired from service with the employer who provided the funds to
  purchase the TSA you are transferring or rolling over to the
  Accumulator(R) Plus(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o rollover by check of the proceeds from another TSA or eligible retirement
  plan; or

o direct rollover from another TSA or eligible retirement plan; or

o direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General.  Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

Withdrawal restrictions.  If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o you are severed from employment with the employer who provided the funds to
  purchase the TSA you are transferring to the Accumulator(R) Plus(SM)
  Rollover TSA; or

o you reach age 59-1/2; or

o you die; or

o you become disabled (special federal income tax definition); or

o you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

Tax treatment of distributions.  Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the


78  Tax information





contract, if any. We will report all distributions from this Rollover TSA as
fully taxable. It is your responsibility to determine how much of the
distribution is taxable.

Distributions before annuity payments begin.  On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity payments. Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL") benefit" in
"Contract features and benefits" earlier in this Prospectus, as well as GMIB
and other annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment
in the contract is recovered is fully taxable. If you (and your beneficiary
under a joint and survivor annuity) die before recovering the full investment
in the contract, a deduction is allowed on your (or your beneficiary's) final
tax return.

Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Loans from TSAs. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o The amount of a loan to a participant, when combined with all other loans to
    the participant from all qualified plans of the employer, cannot exceed
    the lesser of:

(1)  the greater of $10,000 or 50% of the participant's nonforfeitable
     accrued benefits; and

(2)  $50,000 reduced by the excess (if any) of the highest outstand
     ing loan balance over the previous twelve months over the outstanding loan
     balance of plan loans on the date the loan was made.

o In general, the term of the loan cannot exceed five years unless the loan is
  used to acquire the participant's primary residence. Accumulator(R) Plus(SM)
  Rollover TSA contracts have a term limit of 10 years for loans used to
  acquire the participant's primary residence.

o All principal and interest must be amortized in substantially level payments
  over the term of the loan, with payments being made at least quarterly. In
  very limited circumstances, the repayment obligation may be temporarily
  suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o the loan does not qualify under the conditions above;

o the participant fails to repay the interest or principal when due; or

o in some instances, the participant separates from service with the employer
  who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same employer, a defaulted loan which has not been
fully repaid is treated as still outstanding, even after the default is
reported to the IRS on Form 1099-R. The amount treated as still outstanding
(which limits subsequent loans) includes interest accruing on the unpaid
balance.


See Appendix VII later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.

Tax-deferred rollovers and direct transfers. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.

You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non--


                                                             Tax information  79





spousal death beneficiary may also be able to make rollover contributions to an
individual retirement plan under certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may be able to delay the start of required minimum
distributions for all or part of your account balance until after age 70-1/2, as
follows:

o For TSA participants who have not retired from service with the employer who
  provided the funds for the TSA by the calendar year the participant turns age
  70-1/2, the required beginning date for minimum distributions is extended to
  April 1 following the calendar year of retirement.

o TSA plan participants may also delay the start of required minimum
  distributions to age 75 of the portion of their account value attributable to
  their December 31, 1986, TSA account balance, even if retired at age 70-1/2.
  We will know whether or not you qualify for this exception because it will
  only apply to people who establish their Accumulator(R) Plus(SM) Rollover TSA
  by direct Revenue Ruling 90-24 transfers. If you do not give us the amount of
  your December 31, 1986, account balance that is being transferred to the
  Accumulator(R) Plus(SM) Rollover TSA on the form used to establish the TSA,
  you do not qualify.

Spousal consent rules

This will only apply to you if you establish your Accumulator(R) Plus(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell
us on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o on or after your death; or

o because you are disabled (special federal income tax definition); or

o to pay for certain extraordinary medical expenses (special federal income tax
  definition); or

o in any form of payout after you have separated from service (only if the
  separation occurs during or after the calendar year you reach age 55); or

o in a payout in the form of substantially equal periodic payments made at least
  annually over your life (or your life expectancy), or over the joint lives of
  you and your beneficiary (or your joint life expectancies) using an
  IRS-approved distribution method (only after you have separated from service
  at any age). We do not anticipate that Guaranteed annual payments made under
  the Guaranteed withdrawal benefit for life's Maximum or Customized payment
  plan or taken as lump sums will qualify for this exception if made before age
  59-1/2.


FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o We might have to withhold and/or report on amounts we pay under a free look or
  cancellation.


80  Tax information




o We are generally required to withhold on conversion rollovers of traditional
  IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
  and is taxable.

o We are required to withhold on the gross amount of a distribution from a Roth
  IRA to the extent it is reasonable for us to believe that a distribution is
  includable in your gross income. This may result in tax being withheld even
  though the Roth IRA distribution is ultimately not taxable. You can elect out
  of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However we may require additional documentation in the case of
payments made to non United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.



FEDERAL INCOME TAX WITHHOLDING ON PERIODIC ANNUITY PAYMENTS


We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at anytime.


FEDERAL INCOME TAX WITHHOLDING ON NON-PERIODIC ANNUITY PAYMENTS (WITHDRAWALS)


For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.


MANDATORY WITHHOLDING FROM TSA AND QUALIFIED PLAN DISTRIBUTIONS


Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o any distributions which are required minimum distributions after age 70-1/2 or
  retirement from service with the employer; or

o substantially equal periodic payments made at least annually for your life (or
  life expectancy) or the joint lives (or joint life expectancies) of you and
  your designated beneficiary; or

o substantially equal periodic payments made for a specified period of 10 years
  or more; or

o hardship withdrawals; or

o corrective distributions that fit specified technical tax rules; or

o loans that are treated as distributions; or

o a death benefit payment to a beneficiary who is not your surviving spouse; or


o a qualified domestic relations order distribution to a beneficiary who is not
  your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.


SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.


IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.


                                                             Tax information  81




8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of the Separate Account's operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although Separate Account No. 49 is registered, the SEC does
not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from the Separate Account, or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate the Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against the Separate Account or
     a variable investment option directly);

(5)  to deregister the Separate Account under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Account;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.


ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which generally
accompany this Prospectus, or in their respective SAIs which are available upon
request.


ABOUT OUR FIXED MATURITY OPTIONS


RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:





- --------------------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th         Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- --------------------------------------------------------------------------------
       2008               3.30%            $ 96.81
       2009               3.34%            $ 93.63
       2010               3.39%            $ 90.47
       2011               3.48%            $ 87.20
       2012               3.58%            $ 83.86
       2013               3.65%            $ 80.63
       2014               3.72%            $ 77.42
       2015               3.76%            $ 74.42
- --------------------------------------------------------------------------------


82  More information






- --------------------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th         Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- --------------------------------------------------------------------------------
       2016              3.84%            $ 71.22
       2017              3.89%            $ 68.25
- --------------------------------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw any of your value from a fixed
maturity option before its maturity date.


(1) We determine the market adjusted amount on the date of the withdrawal as
    follows:

  (a) We determine the fixed maturity amount that would be payable on the
      maturity date, using the rate to maturity for the fixed maturity
      option.

  (b) We determine the period remaining in your fixed maturity option (based on
      the withdrawal date) and convert it to fractional years based on a
      365-day year. For example, three years and 12 days becomes 3.0329.

  (c) We determine the current rate to maturity for your FMO based on the rate
      for a new FMO issued on the same date and having the same maturity
      date as your FMO; if the same maturity date is not available for
      new FMOs, we determine a rate that is between the rates for new FMO
      maturities that immediately precede and immediately follow your
      FMOs maturity date.

  (d) We determine the present value of the fixed maturity amount payable at
      the maturity date, using the period determined in (b) and the rate
      determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3) We subtract (2) from the result in (1)(d). The result is the market value
    adjustment applicable to such fixed maturity option, which may be positive
    or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. Any withdrawal charges that are
deducted from a fixed maturity option will result in a market value adjustment
calculated in the same way. See Appendix III at the end of this Prospectus for
an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined by using a widely-published Index. We reserve the right to add up to
0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.


INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.


ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and fixed maturity
options, as well as our general obligations. Credits allocated to your account
value are funded from our general account.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws.


                                                            More information  83






We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.



ABOUT OTHER METHODS OF PAYMENT


WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.


AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, QP or Rollover TSA contracts. Please see
Appendix VII later in this Prospectus to see if the automatic investment
program is available in your state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

For contracts with GWBL, AIP will be automatically terminated after the later
of: (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end of the first six months.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.


DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR


We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.



BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o If your contribution, transfer, or any other transaction request, containing
  all the required information, reaches us on a non-business day or after
  4:00 p.m. on a business day, we will use the next business day.

o A loan request under your Rollover TSA contract will be processed on the
  first business day of the month following the date on which the properly
  completed loan request form is received.

o If your transaction is set to occur on the same day of the month as the
  contract date and that date is the 29th, 30th or 31st of the month, then
  the transaction will occur on the 1st day of the next month.

o When a charge is to be deducted on a contract date anniversary that is a
  non-business day, we will deduct the charge on the next business day.


o If we have entered into an agreement with your broker-dealer for automated
  processing of contributions upon receipt of customer order, your
  contribution will be considered received at the time your broker-dealer
  receives your contribution and all information needed to process your
  application, along with any required documents, and transmits your order
  to us in accordance with our processing procedures. Such arrangements may
  apply to initial contributions, subsequent contributions, or both, and may
  be commenced or terminated at any time without prior notice. If required
  by law, the "closing time" for such orders will be earlier than 4:00 p.m.,
  Eastern Time.



84  More information





CONTRIBUTIONS, CREDITS, AND TRANSFERS


o Contributions and credits allocated to the variable investment options are
  invested at the unit value next determined after the receipt of the
  contribution.


o Contributions and credits allocated to the guaranteed interest option will
  receive the crediting rate in effect on that business day for the specified
  time period.

o Contributions and credits allocated to a fixed maturity option will receive
  the rate to maturity in effect for that fixed maturity option on that business
  day (unless a rate lock-in is applicable).


o Transfers to or from variable investment options will be made at the unit
  value next determined after receipt of transfer request.


o Transfers to a fixed maturity option will be based on the rate to maturity in
  effect for that fixed maturity option on the business day of the transfer.

o Transfers to the guaranteed interest option will receive the crediting rate in
  effect on that business day for the specified time period.

o For the interest sweep option, the first monthly transfer will occur on the
  last business day of the month following the month that we receive your
  election form at our processing office.


ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o the election of trustees;

o the formal approval of independent public accounting firms selected for each
  Trust; or

o any other matters described in the prospectus for each Trust or requiring a
  shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.


ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.


FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as consolidated
financial statements of AXA Equitable, are in the SAI. The SAI is available
free of charge. You may request one by writing to our processing office or
calling 1-800-789-7771.


TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
written notification of any change at our processing office. You cannot assign
your NQ contract as collateral or security for a loan. Loans are also not
available under your NQ contract. In some cases, an assignment or change of
ownership may have adverse tax consequences. See "Tax information" earlier in
this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, the
Earnings enhancement benefit, a PGB and/or the Guaranteed withdrawal benefit
for life ("Benefit"), generally the Benefit will automatically terminate if you
change ownership of the contract or if you assign the owner's right to change
the beneficiary or person to whom annuity payments will be made. However, the
Benefit will not terminate if the ownership of the contract is transferred from
a non-natural owner to an individual but the contract will continue to be based
on the annuitant's life. Please speak with your financial profes-

                                                             More information 85


sional for further information. See Appendix VII later in this Prospectus for
any state variations with regard to terminating any benefits under your
contract.


You cannot assign or transfer ownership of a Rollover IRA, Roth Conversion IRA,
QP or Rollover TSA contract except by surrender to us. If your individual
retirement annuity contract is held in your custodial individual retirement
account, you may only assign or transfer ownership of such an IRA contract to
yourself. Loans are not available (except for Rollover TSA contracts) and you
cannot assign Rollover IRA, Roth Conversion IRA and QP contracts as security
for a loan or other obligation. If the employer that provided the funds does
not restrict them, loans are available under a Rollover TSA contract.


For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA, QP or Rollover TSA contract to another similar arrangement
under federal income tax rules. In the case of such a transfer, we will impose
a withdrawal charge, if one applies.



ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.


DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 0.60% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 6.75% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Plus(SM) on a company and\or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and\or



86  More information






other support services, including some that may benefit the contract owner.
Payments may be based on the amount of assets or purchase payments attributable
to contracts sold through a Selling broker-dealer or, in the case of conference
support, such payments may be a fixed amount. The Distributors may also make
fixed payments to Selling broker-dealers in connection with the initiation of a
new relationship or the introduction of a new product. These payments may serve
as an incentive for Selling broker-dealers to promote the sale of particular
products. Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and\or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.



                                                            More information  87






9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference.

The Company intends to send Owners account statements and other such
legally-required reports. The Company does not anticipate such reports will
include periodic financial statements or information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-


88  Incorporation of certain documents by reference





Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account No. 49 with the same daily asset charges of
1.55%.





  UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
       OPTIONS BEING OFFERED FOR THE FIRST TIME AT THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006

- -----------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                          -----------------------
                                                                                               2006        2005
- -----------------------------------------------------------------------------------------------------------------
                                                                                                 
AXA Aggressive Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.09     $ 11.28
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      6,793         342
- -----------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.85     $ 10.36
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,202         501
- -----------------------------------------------------------------------------------------------------------------
AXA Conservative--Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.29     $ 10.55
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,537         671
- -----------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  47.71     $ 43.93
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,387         762
- -----------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.57     $ 11.15
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                     22,340       2,035
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  57.17     $ 55.24
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        171         172
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.39     $ 11.14
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,474       1,199
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.96     $ 11.56
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        696         453
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  31.19     $ 28.82
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,654       1,626
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  16.77     $ 13.59
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,168         480
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.21     $ 10.92
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        346         269
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.54     $  9.68
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        999         613
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.21     $ 12.10
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,285         919
- -----------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.82     $ 10.03
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        884         663
- -----------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                          
AXA Aggressive Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.60          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        120          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.27          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        286          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative--Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.38          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        279          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 42.57     $ 39.77     $ 33.91
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        659         461         279
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 51.85     $ 46.99     $ 34.70
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        181         211         241
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.13     $ 10.88     $ 10.65
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,470       1,625       1,594
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.98     $  9.94     $  7.88
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        565         375         264
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 28.41     $ 26.55     $ 22.00
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,924       2,218       1,906
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.96     $ 10.30     $  7.79
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        411         323         108
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.39     $  9.62     $  7.63
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        397         296         201
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.15     $  8.71     $  6.77
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        930         759         424
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.47     $ 10.18     $  7.89
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        809         635         503
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.40     $  8.54     $  6.19
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        773         720         427
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                               ending December
                                                                                                     31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2001         2000
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 
AXA Aggressive Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative--Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 39.47          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        110          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 49.56     $ 67.28
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        249         106
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 23.03     $ 23.23
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,632         432
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-1








  UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
 OPTIONS BEING OFFERED FOR THE FIRST TIME AT THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006 (CONTINUED)

- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2006        2005
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 
AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.78    $  12.20
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        838         550
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.49    $   9.93
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,459       2,792
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $250.91    $ 230.23
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        361         370
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 33.51    $  28.72
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        743         557
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.35    $  18.07
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        747         873
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.99    $  14.79
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,983       1,000
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.88    $   7.03
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      7,569        9.117
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.95    $  15.60
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        630         455
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.82    $  16.60
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,922       1,979
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.62    $  14.75
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      5,695       5,091
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Ariel Appreciation II
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.34    $  10.36
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        100          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AXA Rosenberg Value Long/Short Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.96          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        255          --
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.67    $   5.84
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,207         536
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.91    $   8.60
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        147          65
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.86    $  12.16
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,540       2,470
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.30    $  12.18
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,904       2,599
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.87    $  11.67
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,914       5,540
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                          
 AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.54    $  10.18   $   7.35
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        720         545        364
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.07    $   8.77   $   5.65
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,478         278        386
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 224.21    $ 199.56   $ 135.53
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        430         484        521
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  27.65    $  24.98   $  19.46
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        589         535        298
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  18.13    $  18.07   $  17.97
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,061       1,357      1,226
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.03    $  11.20   $   8.42
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,008       1,052        135
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   6.21    $   5.82   $   4.80
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                     10,421      11,828     13,521
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  15.54    $  15.21   $  14.92
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        480         519        474
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  15.12    $  13.48   $   9.71
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,313       2,809      3,037
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.21    $  12.72   $  10.04
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      5,823       6,106      6,520
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   5.59          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        306          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   8.03    $   7.87   $   6.25
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         88         101         79
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.75          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,815          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.56    $   9.44   $   7.23
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,863       2,832      2,786
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.18    $  10.23   $   7.91
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      6,418       6,957      7,543
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                                ending December
                                                                                                      31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                2001         2000
                                                                                                  
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 206.51     $ 235.03
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         499          204
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  25.10     $  25.90
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  16.81     $  15.83
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   9.51     $  12.60
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   7.08     $   9.46
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      14,217        6,200
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  14.14     $  16.56
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                       2,971        1,248
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.80     $  11.63
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                       4,851        1,119
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.63           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          19           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.65     $  11.10
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                       2,530        1,050
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.66     $  11.05
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                       2,052          628
- ------------------------------------------------------------------------------------------------------------------------------------



A-2 Appendix I: Condensed financial information








  UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
 OPTIONS BEING OFFERED FOR THE FIRST TIME AT THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006 (CONTINUED)

- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2006        2005
                                                                                                 
 EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.39     $ 11.44
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,680       3,879
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.04     $ 10.38
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        382          65
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.84          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        665          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 29.20     $ 25.77
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,534       3,726
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.92     $  9.74
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        455           9
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.78     $  8.42
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        319         349
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.70     $ 11.56
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,317       4,297
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.21     $ 15.54
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,215       3,279
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.42          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,076          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.82          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        153          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.59     $ 10.49
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        425          11
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 26.49     $ 22.64
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        519         111
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.20     $ 11.48
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        310           5
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.28     $  6.31
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,487       5,127
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.07     $ 13.73
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      7,950       8,015
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.76     $ 13.30
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,048       4,589
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.19     $ 10.64
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        738         113
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2004        2003        2002
                                                                                                          
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.97    $  10.19    $  7.59
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,473       4,616      4,470
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 25.07    $  23.10    $ 18.36
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,345       4,750      5,020
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.23    $   7,80    $  5.74
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        400         500        378
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.04    $   9.67    $  6.84
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,997       5,343      5,392
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.18    $  12.22    $  9.32
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,574       3,783      4,067
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 22.05          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         63          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  5.97    $   5.41    $  4.36
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      5,897       6,804      7,940
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.65    $  13.32    $ 13.09
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      8,979      10,672     12,695
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.99    $  11.90    $  9.53
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      5,234       6,009      6,939
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                               ending December
                                                                                                     31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2001         2000
                                                                                                 
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.10     $ 10.47
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,790       1,311
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.03     $ 27.79
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,534       1,524
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  7.67     $  9.39
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        182          47
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.52     $  9.99
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,418         609
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.09     $ 10.84
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,015         198
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.36     $  8.39
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      7,216       1,134
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.13     $ 11.41
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      8,943       1,427
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.97     $ 13.04
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      6,123       1,419
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------



                                            Appendix I: Condensed financial
information A-3








  UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
 OPTIONS BEING OFFERED FOR THE FIRST TIME AT THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006 (CONTINUED)

- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               For the years
                                                                                            ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2006        2005
                                                                                                 
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.01    $  9.99
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        567         30
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.21    $ 10.58
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        501         58
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.70    $ 10.55
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        138         45
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.32    $ 11.13
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        531        120
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.26    $ 15.11
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,666      1,390
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 23.71    $ 19.92
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,301      1,147
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 22.46    $ 18.15
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,580      3,145
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.80    $ 13.94
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,090      2,422
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.41    $  9.36
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,130      4,965
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 27.92    $ 27.14
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,933      1,954
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.83    $  4.54
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        155         14
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.70         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        623         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.09         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        227         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.92         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        158         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.09         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        186         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.81    $  9.92
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,202        300
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.20    $  9.97
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        205         25
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                          
 EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.86     $ 12.74    $  9.87
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,251       1,338        701
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 19.65     $ 18.05    $ 13.98
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,430       1,339      1,334
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.63     $ 13.89    $ 11.02
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,356       3,673      4,227
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.99     $ 11.72    $  9.20
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,867       3,344      3,796
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.87     $  8.08    $  6.73
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      5,788       6,613      7,231
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 26.87     $ 27.08    $ 27.35
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,306       3,186      4,967
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.38          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          6          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                               ending December
                                                                                                     31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2001         2000
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.33          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         89          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.04     $ 16.40
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,071         299
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.42     $ 17.37
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,268       2,110
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.23     $ 21.92
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,345       2,112
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.66     $ 10.47
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      7,160       2,262
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 27.44     $ 26.91
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      4,110         826
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------



A-4 Appendix I: Condensed financial information








  UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
 OPTIONS BEING OFFERED FOR THE FIRST TIME AT THE DAILY ASSET CHARGE OF 1.55% AFTER DECEMBER 31, 2006 (CONTINUED)

- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2006        2005
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 19.31    $  16.89
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,465       2,629
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.65    $   7.97
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        627         195
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.83    $  14.52
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,231         854
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.90       16.83
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         71          15
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.75          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        531          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.15    $   5.47
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        424         102
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.88    $  10.41
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        900         131
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.50    $  13.71
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,602       1,632
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.29    $  12.36
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        361          40
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.24    $  11.89
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        407           5
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                          
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.39     $ 14.22     $ 10.51
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      3,013       3,182       3,460
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  7.53          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         11          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.15     $ 12.21     $  8.50
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,001       1,152         974
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.44          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  5.10          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          6          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.48     $  8.61     $  5.61
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,515       1,462       1,464
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.36          --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          1          --          --
- ------------------------------------------------------------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                               ending December
                                                                                                     31,
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               2001         2000
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.39     $ 10.69
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      2,447         588
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.92     $ 10.87
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        825         270
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.06     $  6.49
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                      1,482         881
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- ------------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-5




Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an Accumulator(R) Plus(SM) QP
contract should discuss with their tax advisors whether this is an appropriate
investment vehicle for the employer's plan. Trustees should consider whether
the plan provisions permit the investment of plan assets in the QP contract,
the distribution of such an annuity, the purchase of the Guaranteed minimum
income benefit and other guaranteed benefits, and the payment of death benefits
in accordance with the requirements of the federal income tax rules. The QP
contract and this Prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Accumulator(R) Plus(SM)
QP contract or another annuity contract. Therefore, you should purchase an
Accumulator(R) Plus(SM) QP contract to fund a plan for the contract's features
and benefits other than tax deferral after considering the relative costs and
benefits of annuity contracts and other types of arrangements and funding
vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
from the employer. For 401(k) plans, no employee after-tax contributions are
accepted. A "designated Roth contribution account" is not available in the QP
contract. Checks written on accounts held in the name of the employer instead
of the plan or the trustee will not be accepted. Only one additional transfer
contribution may be made per contract year. If amounts attributable to an
excess or mistaken contribution must be withdrawn, a withdrawal charge and/or
market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o the QP contract may not be an appropriate purchase for participants
  approaching or over age 70-1/2;

o provisions in the Treasury Regulations on required minimum distributions
  require that the actuarial present value of additional annuity contract
  benefits be added to the dollar amount credited for purposes of calculating
  required minimum distributions. This could increase the amounts required to
  be distributed;

o the Guaranteed minimum income benefit may not be an appropriate feature for
  participants who are older than 60-1/2 when the contract is issued; and


o if the Guaranteed minimum income benefit is automatically exercised as a
  result of the no lapse guarantee, the payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.



B-1 Appendix II: Purchase considerations for QP contracts






Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)







- -------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                            ---------------------------
                                                                                    5.00%        9.00%
- -------------------------------------------------------------------------------------------------------
                                                                                     
 As of February 15, 2011 before withdrawal
- -------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- -------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- -------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- -------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- -------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
  [$50,000/(1)]                                                                 $  3,637     $ (3,847)
- -------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- -------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- -------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- -------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- -------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:




 (a)      Number of days from the withdrawal
          date to the maturity date = D = 1,461
 (b)      Market adjusted amount is based on the
          following calculation:

          Maturity value              $171,882
          ________________     =    _____________    where j is either 5% or 9%

          (1+j)(D/365)             (1+j)(1,461/365)

 (c)      Fixed maturity amount is based on the
          following calculation:

          Maturity value            $171,882
          ________________     =  _____________

          (1+h)(D/365)            (1+0.07)(1,461/365)

 (d)      Maturity value is based on the
          following calculation:

          Fixed maturity amount        $84,741 or $77,257
          ________________        =    ___________________

          (1+h)(D/365)                 (1+0.07)(1,461/365)





                                          Appendix III: Market value adjustment
example C-1





Appendix IV: Enhanced death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit.

The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option or the fixed maturity
options) , no additional contributions, no transfers, no withdrawals and no
loans under a Rollover TSA contract, the enhanced death benefit for an owner age
45 would be calculated as follows:




- ---------------------------------------------------------------------------------------------------------------
  End of Contract                        6% Roll-Up to age 85     Annual Ratchet to age 85      GWBL Enhanced
       Year            Account Value    enhanced benefit base      enhanced benefit base        death benefit
- ---------------------------------------------------------------------------------------------------------------
                                                                                
         1              $109,200            $  106,000(3)              $  109,200(1)           $  109,200(5)
- ---------------------------------------------------------------------------------------------------------------
         2              $120,120            $  112,360(3)              $  120,120(1)           $  120,120(5)
- ---------------------------------------------------------------------------------------------------------------
         3              $134,534            $  119,102(3)              $  134,534(1)           $  134,534(5)
- ---------------------------------------------------------------------------------------------------------------
         4              $107,628            $  126,248(4)              $  134,534(2)           $  141,261(6)
- ---------------------------------------------------------------------------------------------------------------
         5              $118,390            $  133,823(4)              $  134,534(2)           $  147,988(6)
- ---------------------------------------------------------------------------------------------------------------
         6              $132,597            $  141,852(4)              $  134,534(2)           $  154,715(6)
- ---------------------------------------------------------------------------------------------------------------
         7              $132,597            $  150,363(4)              $  134,534(2)           $  161,441(6)
- ---------------------------------------------------------------------------------------------------------------



The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.


ANNUAL RATCHET TO AGE 85

(1) At the end of contract years 1 through 3, the enhanced death benefit is the
    current account value.

(2) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to
    or higher than the current account value.



GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85


The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.


(3) At the end of contract years 1 through 3, the death benefit will be the
    current account value.

(4) At the end of contract years 4 through 7, the death benefit will be the
    enhanced death benefit.



GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.


(5) At the end of contract years 1 through 3, the death benefit is the current
    account value.

(6) At the end of contract years 4 through 7, the death benefit is the enhanced
    death benefit.



D-1 Appendix IV: Enhanced death benefit example





Appendix V: Hypothetical Illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85"
enhanced minimum death benefit, the Earnings enhancement benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) Plus(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single$100,000 contribution
and takes no withdrawals. The amounts shown are for the beginning of each
contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying Portfolios (as described
below), the corresponding net annual rates of return would be (2.86)%, 3.14%
for the Accumulator(R) Plus(SM) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges but they do not reflect the charges we deduct from your
account value annually for the enhanced death benefit, the Earnings enhancement
benefit and the Guaranteed minimum income benefit features, as well as the
annual administrative charge. If the net annual rates of return did reflect
these charges, the net annual rates of return shown would be lower; however,
the values shown in the following tables reflect the following contract
charges: the "Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85"
enhanced minimum death benefit charge, the Earnings enhancement benefit charge,
the Guaranteed minimum income benefit charge, and any applicable administrative
charge and withdrawal charge. The values shown under "Lifetime annual
guaranteed minimum income benefit" reflect the lifetime income that would be
guaranteed if the Guaranteed minimum income benefit is selected at that
contract date anniversary. An "N/A" in these columns indicates that the benefit
is not exercisable in that year. A "0" under any of the death benefit and/or
"Lifetime annual guaranteed minimum income benefit" columns indicates that the
contract has terminated due to insufficient account value. However, the
Guaranteed minimum income benefit has been automatically exercised and the
owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.


                                      Appendix V: Hypothetical Illustrations E-1






Variable deferred annuity
Accumulator(R) Plus(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 Guaranteed
  minimum death benefit
  Earnings enhancement benefit
  Guaranteed minimum income benefit

                                                               Greater of 6%
                                                             Roll-Up to age 85
                                                                 or Annual
                                                             Ratchet to age 85
                                                            Guaranteed Minimum
                        Account Value        Cash Value        Death Benefit
                     ------------------- ------------------ -------------------
 Age   Contract Year     0%        6%       0%        6%        0%        6%
- ----- -------------- --------- --------- -------- --------- --------- ---------
 60          1        104,000  104,000    96,000    96,000   100,000  100,000
 61          2         99,294  105,512    91,294    97,512   106,000  106,000
 62          3         94,656  106,984    87,656    99,984   112,360  112,360
 63          4         90,079  108,408    83,079   101,408   119,102  119,102
 64          5         85,555  109,780    79,555   103,780   126,248  126,248
 65          6         81,077  111,091    76,077   106,091   133,823  133,823
 66          7         76,639  112,334    72,639   108,334   141,852  141,852
 67          8         72,232  113,501    69,232   110,501   150,363  150,363
 68          9         67,848  114,583    67,848   114,583   159,385  159,385
 69         10         63,481  115,571    63,481   115,571   168,948  168,948
 74         15         41,538  118,718    41,538   118,718   226,090  226,090
 79         20         18,627  117,650    18,627   117,650   302,560  302,560
 84         25              0  110,165         0   110,165         0  404,893
 89         30              0  108,489         0   108,489         0  429,187
 94         35              0  109,679         0   109,679         0  429,187
 95         36              0  109,937         0   109,937         0  429,187




                              Lifetime Annual Guaranteed
                                Minimum Income Benefit
      Total Death Benefit ----------------------------------
       with the Earnings     Guaranteed       Hypothetical
      enhancement benefit      Income            Income
      ------------------- ----------------- ----------------
 Age      0%        6%       0%       6%       0%       6%
- ----- --------- --------- -------- -------- -------- -------
 60    100,000  100,000      N/A     N/A       N/A     N/A
 61    108,400  108,400      N/A     N/A       N/A     N/A
 62    117,304  117,304      N/A     N/A       N/A     N/A
 63    126,742  126,742      N/A     N/A       N/A     N/A
 64    136,747  136,747      N/A     N/A       N/A     N/A
 65    147,352  147,352      N/A     N/A       N/A     N/A
 66    158,593  158,593      N/A     N/A       N/A     N/A
 67    170,508  170,508      N/A     N/A       N/A     N/A
 68    183,139  183,139      N/A     N/A       N/A     N/A
 69    196,527  196,527      N/A     N/A       N/A     N/A
 74    276,527  276,527    13,520  13,520    13,520  13,520
 79    383,584  383,584    20,272  20,272    20,272  20,272
 84          0  493,179         0  32,391         0  32,391
 89          0  517,472      N/A     N/A       N/A     N/A
 94          0  517,472      N/A     N/A       N/A     N/A
 95          0  517,472      N/A     N/A       N/A     N/A


The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a policy would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual policy years. We can make no representation that these hypothetical
investment results can be achieved for any one year or continued over any
period of time. In fact, for any given period of time, the investment results
could be negative.


E-2 Appendix V: Hypothetical Illustrations




Appendix VI: Earnings enhancement benefit example

- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes the
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:


                                                                                        
- ---------------------------------------------------------------------------------------------------------------------
                                                                No Withdrawal   $3,000 withdrawal   $6,000 withdrawal
    -----------------------------------------------------------------------------------------------------------------
A   Initial contribution                                           100,000           100,000             100,000
    -----------------------------------------------------------------------------------------------------------------
B   Death benefit: prior to withdrawal.*                           104,000           104,000             104,000
    -----------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit earnings: death                    4,000             4,000               4,000
    benefit less net contributions (prior to the withdrawal
C.  in D).
    B minus A.
    -----------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                        0               3,000               6,000
    -----------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                      0                 0                 2,000
    greater of D minus C or zero
    -----------------------------------------------------------------------------------------------------------------
F   Net contributions (adjusted for the withdrawal in D)
    A minus E                                                      100,000           100,000              98,000
    -----------------------------------------------------------------------------------------------------------------
G   Death benefit (adjusted for the withdrawal in D)               104,000           101,000              98,000
    B minus D
    -----------------------------------------------------------------------------------------------------------------
H   Death benefit less net contributions                            4,000             1,000                 0
    G minus F
    -----------------------------------------------------------------------------------------------------------------
I   Earnings enhancement benefit factor                              40%               40%                 40%
    -----------------------------------------------------------------------------------------------------------------
J   Earnings enhancement benefit                                    1,600              400                  0
    H times I
    -----------------------------------------------------------------------------------------------------------------
K   Death benefit: including Earnings enhancement benefit          105,600           101,400              98,000
    G plus J
    -----------------------------------------------------------------------------------------------------------------


* The death benefit is the greater of the account value or any applicable
  death benefit.


                           Appendix VI: Earnings enhancement benefit example F-1




Appendix VII: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
Plus(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus.

STATES WHERE CERTAIN ACCUMULATOR(R) PLUS(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:


- --------------------------------------------------------------------------------
 State           Features and Benefits
- --------------------------------------------------------------------------------
CALIFORNIA      See "Contract features and benefits"--"Your right to can-
                cel within a certain number of days"
- --------------------------------------------------------------------------------
FLORIDA         See "Contract features and benefits" in "Credits"
- --------------------------------------------------------------------------------
MASSACHUSETTS   Effective on or about August 6, 2007, this contract will be
                available to Massachusetts residents with the following varia-
                tions:
                Annual administrative charge
                See "Disability, terminal illness or confinement to nursing
                home" under "Withdrawal charge" in "Charges and
                expenses"
- --------------------------------------------------------------------------------
PENNSYLVANIA    See "Disability, terminal illness, or confinement to nursing
                home" under "withdrawal charge" in "Charges and
                expenses"

- --------------------------------------------------------------------------------
 State           Availability or Variation
- --------------------------------------------------------------------------------
CALIFORNIA      If you reside in the state of California and you are age 60
                and older at the time the contract is issued, you may return
                your variable annuity contract within 30 days from the date
                that you receive it and receive a refund as described below.

                If you allocate your entire initial contribution to the
                EQ/Money Market option (and/or guaranteed interest
                option, if available), the amount of your refund will be equal
                to your contribution less interest, unless you make a trans-
                fer, in which case the amount of your refund will be equal to
                your account value on the date we receive your request to
                cancel at our processing office. This amount could be less
                than your initial contribution. If the Principal guarantee ben-
                efit or Guaranteed withdrawal benefit for life is elected, the
                investment allocation during the 30 day free look period is
                limited to the guaranteed interest option. If you allocate any
                portion of your initial contribution to the variable invest-
                ment options (other than the EQ/Money Market option)
                and/or fixed maturity options, your refund will be equal to
                your account value on the date we receive your request to
                cancel at our processing office.
- --------------------------------------------------------------------------------
FLORIDA         The following information replaces the second bullet to the
                final set of bullets in this section:

                o You may annuitize your contract after thirteen months,
                  however, if you elect to receive annuity payments within
                  five years of the contract date, we will recover the credit
                  that applies to any contribution made in that five years. If
                  you start receiving annuity payments after five years from
                  the contract date and within three years of making any
                  contribution, we will recover the credit that applies to
                  any contribution made within the prior three years.
- --------------------------------------------------------------------------------
MASSACHUSETTS
                The annual administrative charge will not be deducted from
                amounts allocated to the Guaranteed interest option.

                This section is deleted in its entirety.
- --------------------------------------------------------------------------------
PENNSYLVANIA    Item (iii) under this section is deleted in its entirety
- --------------------------------------------------------------------------------


G-1 Appendix VII: State contract availability and/or variations of certain
features and benefits




- --------------------------------------------------------------------------------
 State          Features and Benefits
- --------------------------------------------------------------------------------
PENNSYLVANIA   Required disclosure for Pennsylvania customers
(CONT'D)
- --------------------------------------------------------------------------------
PUERTO RICO    IRA, Roth IRA, Inherited IRA, QP and Rollover TSA contracts

               Beneficiary continuation option (IRA)
- --------------------------------------------------------------------------------
TEXAS          See "Annual administrative charge" in "Charges and
               expenses"
- --------------------------------------------------------------------------------
WASHINGTON     Guaranteed interest option

               Investment simplifier -- Fixed-dollar option and Interest
               sweep option

               Fixed maturity options

               Income Manager(SM) payout option

               Earnings enhancement benefit

               See "Guaranteed minimum death benefit/Guaranteed mini-
               mum income benefit roll-up benefit benefit base reset" in
               "Contract features and benefits"

               See "Guaranteed minimum death benefit" in "Contract
               features and benefits"

               See "Annual administrative charge" in "Charges and
               expenses"

               See "Withdrawal charge" in "Charges and expenses"

               See "Withdrawal charge" in "Charges and expenses" under
               "Disability, terminal illness, or confinement to nursing
               home"

- --------------------------------------------------------------------------------
 State          Availability or Variation
- --------------------------------------------------------------------------------
PENNSYLVANIA   Any person who knowingly and with intent to defraud any
(CONT'D)       insurance company or other person files an application for
               insurance or statement of claim containing any materially
               false information or conceals for the purpose of misleading,
               information concerning any fact material thereto commits a
               fraudulent insurance act, which is a crime and subjects such
               person to criminal and civil penalties.
- --------------------------------------------------------------------------------
PUERTO RICO    Not Available

               Not Available
- --------------------------------------------------------------------------------
TEXAS          The annual administrative charge will be deducted from the
               value in the variable investment options on a pro rata basis.
- --------------------------------------------------------------------------------
WASHINGTON     Not available

               Not available

               Not available

               Not available

               Not available

               Your "Greater of 4% Roll-Up to age 85 or Annual Ratchet
               to age 85 enhanced death benefit" benefit base will reset
               only if your account value is greater than your Guaranteed
               minimum income benefit base.

               You have a choice of the standard death benefit, the Annual
               Ratchet to age 85 enhanced death benefit, or the Greater of
               4% Roll-Up to age 85 or Annual Ratchet to age 85
               enhanced death benefit.

               The annual administrative charge will be deducted from the
               value in the variable investment options on a pro rata basis.

               The 10% free withdrawal amount applies to full surrenders.

               The annuitant has qualified to receive Social Security disabil-
               ity benefits as certified by the Social Security Administration
               or a statement from an independent U.S. licensed physician
               stating that the annuitant meets the definition of total dis-
               ability for at least 6 continuous months prior to the notice
               of claim. Such disability must be re-certified every 12
               months.
- --------------------------------------------------------------------------------


Appendix VII: State contract availability and/or variations of certain features
and benefits G-2



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS


                                                                            Page


Who is AXA Equitable?                                                       2
Unit Values                                                                 2

Name Change                                                                 2
Custodian and Independent Registered Public Accounting Firm                 2

Distribution of the Contracts                                               2
Financial Statements                                                        3



How to obtain an Accumulator(R) Plus(SM) Statement of Additional Information for
Separate Account No. 49

Send this request form to:
 Accumulator(R) Plus(SM)
 P.O. Box 1547
 Secaucus, NJ 07096-1547


.................................................................................

Please send me an Accumulator(R) Plus(SM) SAI for Separate Account No. 49 dated
                                                         May 1, 2007.



- --------------------------------------------------------------------------------
Name


- --------------------------------------------------------------------------------
Address


- --------------------------------------------------------------------------------
City           State    Zip



                            Plus '02, ML, '04, '06, Jumpstart '07 and '07 Series
                                                                          X01480




AXA Equitable Life Insurance Company

SUPPLEMENT DATED MAY 1, 2007 TO THE CURRENT PROSPECTUS FOR ACCUMULATOR(R)
PLUS(SM)
- --------------------------------------------------------------------------------


This Supplement modifies certain information in the above-referenced Prospectus
and Supplements to Prospectus and Statements of Additional Information (the
"Prospectuses"). You should read this Supplement in conjunction with the
Prospectuses and retain it for future reference. Unless otherwise indicated,
all other information included in the Prospectuses remains unchanged. The terms
and section headings we use in this Supplement have the same meaning as in the
Prospectuses. We will send you another copy of any prospectus or supplement
without charge upon request. Please contact the customer service group
referenced in your prospectus.


TEMPORARY LIBERALIZATION PERIOD FOR ALLOCATIONS TO THE GUARANTEED INTEREST
OPTION ("GIO")

Please note the following information is to be read in conjunction with the
section "Self-directed allocation" in "Allocating your contributions" under
"Contract features and benefits":


Except in the state of New York, the limit on allocations to the Guaranteed
Interest Option which had been temporarily changed from 25% to 100% has been
extended through October 31, 2007.


At the end of this liberalization period, the 25% limit on GIO contributions
will be re-imposed, but customers may leave existing GIO assets in the GIO.
This liberalization applies to new contributions only. Transfers to the GIO
continue to be restricted as before.


If your instructions to us indicate an allocation percentage to the GIO that is
greater than 25%, we will continue to honor that allocation until the end of
the liberalization period. However, after the end of the liberalization period
it will become an invalid allocation and we will no longer be able to honor it.
This could cause a delay in crediting your subsequent contributions to the
contract. Therefore, before making any new contributions on or after November
1, 2007, you should review your allocation instructions and ensure that your
GIO allocation is 25% or less before sending your additional contributions.


                     AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                              New York, NY 10104
                                  212-554-1234

IM-04-06 Supp (5/07)
Accum Plus 04, 06, Jumpstart 07                                  133772 (5/07)
Mail/In-force/New Business                                              x01494





Accumulator(R) Select(SM)

A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains important
information that you should know before taking any action under your contract.
You should read the prospectuses for each Trust, which contain important
information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) SELECT(SM)?

Accumulator(R) Select(SM) is a deferred annuity contract issued by AXA Equitable
Life Insurance Company. It provides for the accumulation of retirement savings
and for income. The contract offers income and death benefit protection. It also
offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options or fixed
maturity options ("investment options"). There is no withdrawal charge under the
contract.


This contract is no longer available for new purchasers. This Prospectus is
designed for current contract owners.



- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/BlackRock Basic Value Equity*      o EQ/PIMCO Real Return
o EQ/BlackRock International Value*     o EQ/Short Duration Bond
o EQ/Boston Advisors Equity Income      o EQ/Small Cap Value+
o EQ/Calvert Socially Responsible       o EQ/Small Company Growth+
o EQ/Capital Guardian Growth            o EQ/Small Company Index
o EQ/Capital Guardian International+    o EQ/TCW Equity++
o EQ/Capital Guardian Research          o EQ/Templeton Growth
o EQ/Capital Guardian U.S. Equity++     o EQ/UBS Growth and Income
o EQ/Caywood-Scholl High Yield Bond     o EQ/Van Kampen Comstock
o EQ/Davis New York Venture             o EQ/Van Kampen Emerging Markets
o EQ/Equity 500 Index                     Equity
o EQ/Evergreen International Bond       o EQ/Van Kampen Mid Cap Growth
o EQ/Evergreen Omega                    o EQ/Wells Fargo Montgomery Small
o EQ/FI Mid Cap                           Cap++
o EQ/FI Mid Cap Value+                  o Multimanager Aggressive Equity*
o EQ/Franklin Income                    o Multimanager Core Bond*
o EQ/Franklin Small Cap Value           o Multimanager Health Care*
o EQ/Franklin Templeton Founding        o Multimanager High Yield*
  Strategy**                            o Multimanager International Equity*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Core Equity*
o EQ/GAMCO Small Company Value          o Multimanager Large Cap Growth*
o EQ/International Growth               o Multimanager Large Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Mid Cap Growth*
                                        o Multimanager Mid Cap Value*
                                        o Multimanager Technology*
- --------------------------------------------------------------------------------
(1) The "AXA Allocation" portfolios.

*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits " later in this Prospectus for the
    investment option's former name.

**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned merger of this investment option.

You may allocate to any of the variable investment options. Each variable
investment option is a subaccount of Separate Account No. 45 and Separate
Account No. 49. Each variable investment option, in turn, invests in a
corresponding securities portfolio ("portfolio") of the AXA Premier VIP Trust
or the EQ Advisors Trust (the "Trusts"). Your investment results in a variable
investment option will depend on the investment performance of the related
portfolio.


You may also allocate amounts to the fixed maturity options, which is discussed
later in this Prospectus.

TYPES OF CONTRACTS. Contracts were offered for use as:

o   A nonqualified annuity ("NQ") for after-tax contributions only.

o   An annuity that is an investment vehicle for a qualified defined
    contribution plan ("QP") (Rollover and direct transfer contributions only).

o   An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
    IRA") or Roth IRA ("Roth Conversion IRA").

o   An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
    ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $25,000 was required to purchase a contract.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is a part of one of the registration
statements. The SAI is available free of charge. You may request one by writing
to our processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this Prospectus.
This Prospectus and the SAI can also be obtained from the SEC's website at
www.sec.gov. The table of contents for the SAI appears at the back of this
Prospectus.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other agency.
They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of principal.


                                                                          X01474

                                                                     OREGON ONLY



Contents of this Prospectus
- --------------------------------------------------------------------

ACCUMULATOR(R) SELECT(SM)
- ------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        5
How to reach us                                                              6
Accumulator(R) Select(SM) at a glance -- key features                        8


- ------------------------------------------------------------------------------
FEE TABLE                                                                   10
- ------------------------------------------------------------------------------
Example                                                                     13
Condensed financial information                                             15


- ------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           16
- ------------------------------------------------------------------------------
How you can contribute to your contract                                     16
Owner and annuitant requirements                                            19
How you can make your contributions                                         19
What are your investment options under the contract?                        19
Portfolios of the Trusts                                                    20
Allocating your contributions                                               25
Your benefit base                                                           27
Annuity purchase factors                                                    27
Our baseBUILDER option                                                      27
Guaranteed minimum death benefit                                            29
Your right to cancel within a certain number of days                        30


- ------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        31
- ------------------------------------------------------------------------------
Your account value and cash value                                           31
Your contract's value in the variable investment options                    31
Your contract's value in the fixed maturity options                         31
Insufficient account value                                                  31


- ------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS                         32
- ------------------------------------------------------------------------------
Transferring your account value                                             32
Disruptive transfer activity                                                32
Rebalancing your account value                                              33


- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

2  Contents of this Prospectus


- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     34
- --------------------------------------------------------------------------------
Withdrawing your account value                                              34
How withdrawals are taken from your account value                           35
How withdrawals affect your guaranteed minimum
  income benefit and guaranteed minimum death
  benefit                                                                   35
Loans under Rollover TSA contracts                                          35
Surrendering your contract to receive its cash value                        36
When to expect payments                                                     36
Your annuity payout options                                                 36


- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     39
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          39
Charges that the Trusts deduct                                              40
Group or sponsored arrangements                                             40
Other distribution arrangements                                             40


- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 41
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     41
How death benefit payment is made                                           42
Beneficiary continuation option                                             42


- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          44
- --------------------------------------------------------------------------------
Overview                                                                    44
Contracts that fund a retirement arrangement                                44
Transfers among investment options                                          44
Taxation of nonqualified annuities                                          44
Individual retirement arrangements (IRAs)                                   46
Tax-sheltered Annuity contracts (TSAs)                                      55
Federal and state income tax withholding
  and information reporting                                                 58
Special rules for contracts funding qualified plans                         59
Impact of taxes to AXA Equitable                                            59


- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         60
- --------------------------------------------------------------------------------
About Separate Account No. 45 and Separate Account No. 49                   60
About the Trusts                                                            60
About our fixed maturity options                                            60
About the general account                                                   61
About other methods of payment                                              62
Dates and prices at which contract events occur                             62
About your voting rights                                                    63
About legal proceedings                                                     63
Financial statements                                                        63
Transfers of ownership, collateral assignments, loans
  and borrowing                                                             63
Distribution of the contracts                                               64


- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          66
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
  I -- Condensed financial information                                     A-1
 II -- Purchase considerations for QP contracts                            B-1
III -- Market value adjustment example                                     C-1
 IV -- Guaranteed minimum death benefit example                            D-1
  V -- Hypothetical illustrations                                          E-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3


Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.


                                                                       Page in
Term                                                                 Prospectus
5% Roll-Up to age 80                                                      29
12 month dollar cost averaging                                            26
account value                                                             31
administrative charge                                                     39
annual ratchet to age 80                                                  29
annuitant                                                                 16
annuitization                                                             36
annuity maturity date                                                     38
annuity payout options                                                    36
annuity purchase factors                                                  27
automatic investment program                                              62
baseBUILDER                                                               27
baseBUILDER benefit charge                                                39
beneficiary                                                               41
Beneficiary Continuation Option ("BCO")                                   42
benefit base                                                              27
business day                                                              62
cash value                                                                31
charges for state premium and other applicable taxes                      39
contract date                                                              9
contract date anniversary                                                  9
contract year                                                              9
contributions to Roth IRAs                                                52
  regular contributions                                                   52
  rollovers and direct transfers                                          53
  conversion contributions                                                53
contributions to traditional IRAs                                         46
  regular contributions                                                   46
  rollovers and direct transfers                                          48
disruptive transfer activity                                              32
distribution charge                                                       39
EQAccess                                                                   6
ERISA                                                                     35
fixed maturity options                                                    25
free look                                                                 30
general account                                                           61
General dollar cost averaging                                             26
guaranteed minimum death benefit                                          29
guaranteed minimum income benefit                                         28
IRA                                                                    cover

                                                                       Page in
Term                                                                 Prospectus
IRS                                                                    cover
investment options                                                     cover
lifetime required minimum distribution withdrawals                        35
loan reserve account                                                      27
loans under Rollover TSA contracts                                        35
market adjusted amount                                                    25
market timing                                                             32
market value adjustment                                                   25
maturity dates                                                            25
maturity value                                                            25
Mortality and expense risks charge                                        39
NQ                                                                     cover
partial withdrawals                                                       34
Principal assurance allocation                                            26
portfolio                                                              cover
processing office                                                          6
Protection Plus                                                           30
Protection Plus charge                                                    39
QP                                                                     cover
rate to maturity                                                          25
Rebalancing                                                               33
Rollover IRA                                                           cover
Rollover TSA                                                           cover
Roth Conversion IRA                                                    cover
Roth IRA                                                               cover
SAI                                                                    cover
SEC                                                                    cover
self-directed allocation                                                  26
Separate Account No. 45 and Separate Account No. 49                       60
substantially equal withdrawals                                           34
Successor owner and annuitant                                             42
systematic withdrawals                                                    34
TOPS                                                                       6
Trusts                                                                    60
TSA                                                                    cover
traditional IRA                                                        cover
unit                                                                      31
variable investment options                                               19
wire transmittals and electronic applications                             62


To make this Prospectus easier to read, we sometimes use different words than in
the contract or supplemental materials. This is illustrated below. Although we
use different words, they have the same meaning in this Prospectus as in the
contract. Your financial professional can provide further explanation about your
contract or supplemental materials.



- -----------------------------------------------------------------------------------
Prospectus                    Contract or Supplemental Materials
- -----------------------------------------------------------------------------------
                           
fixed maturity options        Guarantee Periods (Guaranteed Fixed Interest Accounts
                              in supplemental materials)
variable investment options   Investment Funds
account value                 Annuity Account Value
rate to maturity              Guaranteed Rates
unit                          Accumulation Unit
baseBUILDER                   Guaranteed Minimum Income Benefit
- -----------------------------------------------------------------------------------


4 Index of key words and phrases


Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and under
its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of AXA
Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under the
contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately $795
billion in assets as of December 31, 2006. For more than 100 years AXA Equitable
has been among the largest insurance companies in the United States. We are
licensed to sell life insurance and annuities in all fifty states, the District
of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office is
located at 1290 Avenue of the Americas, New York, NY 10104.



                                                        Who is AXA Equitable?  5


HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile service
may not be available at all times and/or we may be unavailable due to emergency
closing). In addition, the level and type of service available may be restricted
based on criteria established by us.

- --------------------------------------------------------------------------------
FOR CONTRIBUTIONS SENT BY REGULAR MAIL
- --------------------------------------------------------------------------------
Accumulator(R) Select(SM)
P.O. Box 13014
Newark, NJ 07188-0014

- --------------------------------------------------------------------------------
FOR CONTRIBUTIONS SENT BY EXPRESS DELIVERY
- --------------------------------------------------------------------------------
Accumulator(R) Select(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
FOR ALL OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS, WITHDRAWALS, OR
REQUIRED NOTICES) SENT BY REGULAR MAIL
- --------------------------------------------------------------------------------
Accumulator(R) Select(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
FOR ALL OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS, WITHDRAWALS, OR
REQUIRED NOTICES) SENT BY EXPRESS DELIVERY
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- --------------------------------------------------------------------------------
REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o  written confirmation of financial transactions;

o  statement of your contract values at the close of each calendar year and any
   calendar quarter in which there was a financial transaction; and

o  annual statement of your contract values as of the close of the contract year
   including notification of eligibility to exercise the guaranteed minimum
   income benefit, if applicable.

- --------------------------------------------------------------------------------
TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o  your current account value;

o  your current allocation percentages;

o  the number of units you have in the variable investment options;

o  rates to maturity for the fixed maturity options (not available through
   EQAccess);

o  the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the investment
   options;

o  elect to receive certain contract statements electronically;

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond our
control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or the Internet are genuine. For example, we will
require certain personal identification information before we will act on
telephone or Internet instructions and we will provide written confirmation of
your transfers. If we do not employ reasonable procedures to confirm the
genuineness of telephone or Internet instructions, we may be liable for any
losses arising out of any act or omission that constitutes negligence, lack of
good faith, or willful misconduct. In light of our procedures, we will not be
liable for following telephone or Internet instructions we reasonably believe to
be genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

- --------------------------------------------------------------------------------
CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1) authorization for telephone transfers by your financial professional
    (available only for contracts distributed through AXA Distributors);

6  Who is AXA Equitable?


(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts;

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit; and

(14) death claims.

WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES OF
REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging; and

(6)  12 month dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging;

(3)  rebalancing;

(4)  12 month dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:

The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners all must sign.

                                                        Who is AXA Equitable?  7


Accumulator(R) Select(SM) at a glance -- key features

- --------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------------------------
                         
Professional investment     Accumulator(R) Select(SM)'s variable investment options invest in different portfolios managed by
management                  professional investment advisers.
- -----------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options      o  10 fixed maturity options with maturities ranging from approximately 1 to 10 years (subject to
                               availability).

                            o  Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                               maturity.
                            ------------------------------------------------------------------------------------------------------
                            If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a
                            market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                            portion of a fixed maturity amount, this may increase or decrease any value that you have left in that
                            fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- -----------------------------------------------------------------------------------------------------------------------------------
Tax considerations          o  No tax on earnings inside the contract until you make withdrawals from your contract or receive
                               annuity payments.

                            o  No tax on transfers among investment options inside the contract.
                            ------------------------------------------------------------------------------------------------------
                            Annuity contracts that were purchased as an Individual Retirement Annuity (IRA), do not provide tax
                            deferral benefits beyond those already provided by the Internal Revenue Code. Before you make any
                            additional contributions to this contract, you should consider its features and benefits beyond tax
                            deferral -- as well as its features, benefits and costs relative to any other investment that you may
                            have chosen in connection with your retirement plan or arrangement -- to determine whether it meets
                            your needs and goals. Depending on your personal situation, the contract's guaranteed benefits may have
                            limited usefulness because of required minimum distributions ("RMDs").
- -----------------------------------------------------------------------------------------------------------------------------------
baseBUILDER(R) protection   baseBUILDER combines a guaranteed minimum income benefit with the guaranteed minimum death benefit
                            provided under the contract. The guaranteed minimum income benefit provides income protection for you
                            during the annuitant's life once you elect to annuitize the contract. The guaranteed minimum death
                            benefit provides a death benefit for the beneficiary should the annuitant die.
- -----------------------------------------------------------------------------------------------------------------------------------
Contribution amounts        o Additional minimum:           $1,000 (NQ, QP and Rollover TSA contracts)
                                                            $100 monthly and $300 quarterly under our automatic investment program
                                                            (NQ contracts)
                                                            $50 IRA contracts

                            Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million under
                            all Accumulator(R) series contracts with the same owner or annuitant. We reserve the right to limit
                            aggregate contributions made after the first contract year to 150% of first-year contributions.
- -----------------------------------------------------------------------------------------------------------------------------------
Access to your money        o Partial withdrawals

                            o Several withdrawal options on a periodic basis

                            o Loans under Rollover TSA contracts

                            o Contract surrender

                            You may incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional
                            benefits.
- -----------------------------------------------------------------------------------------------------------------------------------
Payout options              o Fixed annuity payout options

                            o Variable Immediate Annuity payout options (described in a separate prospectus for that option)

                            o Income Manager(SM) payout options (described in a separate prospectus for that option)
- -----------------------------------------------------------------------------------------------------------------------------------



8 Accumulator(R) Select(SM) at a glance -- key features



- -----------------------------------------------------------------------------------------------------------------------------------
                   
Additional features   o  Guaranteed minimum death benefit even if you do not elect baseBUILDER

                      o  Dollar cost averaging

                      o  Automatic investment program

                      o  Account value rebalancing (quarterly, semiannually and annually)

                      o  Free transfers

                      o  Protection Plus(SM), an optional death benefit available under certain contracts (subject to state
                         availability)
- -----------------------------------------------------------------------------------------------------------------------------------
Fees and charges      o  Daily charges on amounts invested in the variable investment options for mortality and expense risks,
                         administrative charges and distribution charges at a current annual rate of 1.60%.

                      o  Annual 0.30% benefit base charge for the optional baseBUILDER benefit until you exercise your guaranteed
                         minimum income benefit, elect another annuity payout option or the contract date anniversary after the
                         annuitant reaches age 83, whichever occurs first. The benefit base is described under "Your benefit base"
                         in "Contract features and benefits" later in this Prospectus. If you don't elect baseBUILDER, you still
                         receive a guaranteed minimum death benefit under your contract at no additional charge.

                      o  An annual charge of 0.20% of the account value for the Protection Plus(SM) optional death benefit.

                      o  No sales charge deducted at the time you make contributions, no withdrawal charge and no annual contract
                         fee.
                      -------------------------------------------------------------------------------------------------------------
                      The "contract date" is the effective date of a contract. This usually is the business day we received the
                      properly completed and signed application, along with any other required documents, and your initial
                      contribution. Your contract date appears in your contract. The 12-month period beginning on your contract
                      date and each 12-month period after that date is a "contract year." The end of each 12-month period is your
                      "contract date anniversary." For example, if your contract date is May 1, your contract date anniversary is
                      April 30.
                      -------------------------------------------------------------------------------------------------------------
                      o  We deduct a charge designed to approximate certain taxes that may be imposed on us, such as premium taxes
                         in your state. This charge is generally deducted from the amount applied to an annuity payout option.

                      o  We currently deduct a $350 annuity administrative fee from amounts applied to purchase the variable
                         immediate annuitization payout option. This option is described in a separate prospectus that is available
                         from your financial professional.

                      o  Annual expenses of the Trust's portfolios are calculated as a percentage of the average daily net assets
                         invested in each portfolio. Please see "Fee Table" later in this Prospectus for details.
- -----------------------------------------------------------------------------------------------------------------------------------
Annuitant issue ages  NQ: 0-85
                      Rollover IRA, Roth Conversion
                      IRA and Rollover TSA: 20-85
                      QP: 20-75
- -----------------------------------------------------------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features of
the contract are not necessarily available at certain ages.


For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions.

Other contracts


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


                         Accumulator(R) Select(SM) at a glance -- key features 9


Fee table

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you pay when owning the
contract. Each of the charges and expenses is more fully described in "Charges
and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay if you purchase a
Variable Immediate Annuity payout option. Charges designed to approximate
certain taxes that may be imposed on us, such as premium taxes in your state,
may also apply.




                                                                                                     
- --------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value at the time you request certain transactions
- --------------------------------------------------------------------------------------------------------------
Charge if you elect a variable payout option upon annuitization
(which is described in a separate prospectus for that option)                                           $350
- --------------------------------------------------------------------------------------------------------------


The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the underly- ing trust
portfolio fees and expenses.


                                                                                                     
- --------------------------------------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual percentage of daily net assets
- --------------------------------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                                                             1.10%
Administrative                                                                                          0.25%
Distribution                                                                                            0.25%
                                                                                                        ----
Total Separate account annual expenses                                                                  1.60%
- --------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect the optional benefit
- --------------------------------------------------------------------------------------------------------------
baseBuilder benefit charge (calculated as a percentage of the applicable benefit base.
Deducted annually on each contract date anniversary for which the benefit is in effect.)                0.30%
- --------------------------------------------------------------------------------------------------------------
Protection Plus(SM) benefit charge (calculated as a percentage of the account value.
Deducted annually on each contract date anniversary for which the benefit is in effect.)                0.20%
- --------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net asset
value each day. Therefore, they reduce the investment return of the Portfolio
and the related variable investment option. Actual fees and expenses are likely
to fluctuate from year to year. More detail concerning each Portfolio's fees and
expenses is contained in the Trust prospectus for the Portfolio.



- --------------------------------------------------------------------------------------------------------------
Portfolio operating expenses expressed as an annual percentage of daily net assets
- --------------------------------------------------------------------------------------------------------------
                                                                                             
Portfolio operating expenses expressed as an annual percentage of daily net assets      Lowest     Highest
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted          ------     -------
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or        0.63%      3.15%
other expenses)(1)




This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.



- -----------------------------------------------------------------------------------------------------------------------------------
                                                                           Acquired                         Fee        Net Total
                                                                             Fund         Total Annual     Waivers       Annual
                                                                           Fees and         Expenses       and/or       Expenses
                                          Manage-              Other      Expenses         (Before        Expense       (After
                                           ment       12b-1   Expenses   (Underlying       Expense      Reimburse-     Expense
Portfolio Name                            Fees (2)   Fees(3)    (4)      Portfolios)(5)    Limitations)    ments(6)    Limitations)
- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust:
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                     
AXA Aggressive Allocation                  0.10%      0.25%     0.18%         0.91%           1.44%          (0.18)%      1.26%
AXA Conservative Allocation                0.10%      0.25%     0.22%         0.67%           1.24%          (0.22)%      1.02%
AXA Conservative-Plus Allocation           0.10%      0.25%     0.18%         0.72%           1.25%          (0.18)%      1.07%
AXA Moderate Allocation                    0.10%      0.25%     0.17%         0.78%           1.30%          (0.17)%      1.13%
AXA Moderate-Plus Allocation               0.10%      0.25%     0.17%         0.85%           1.37%          (0.17)%      1.20%
Multimanager Aggressive Equity *           0.61%      0.25%     0.19%           --            1.05%             --        1.05%
Multimanager Core Bond*                    0.59%      0.25%     0.18%           --            1.02%          (0.07)%      0.95%
Multimanager Health Care*                  1.20%      0.25%     0.23%           --            1.68%           0.00%       1.68%
Multimanager High Yield*                   0.58%      0.25%     0.18%           --            1.01%             --        1.01%
- ------------------------------------------------------------------------------------------------------------------------------------



10 Fee table





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                  Acquired                       Fee     Net Total
                                                                                    Fund       Total Annual    Waivers    Annual
                                                                                  Fees and       Expenses      and/or    Expenses
                                              Manage-                  Other      Expenses       (Before       Expense    (After
                                               ment        12b-1      Expenses   (Underlying     Expense     Reimburse-  Expense
 Portfolio Name                               Fees (2)    Fees(3)       (4)     Portfolios)(5)  Limitations)   ments(6) Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       
Multimanager International Equity*             1.02%        0.25%       0.26%         --           1.53%        0.00%       1.53%
Multimanager Large Cap Core Equity*            0.90%        0.25%       0.20%         --           1.35%        0.00%       1.35%
Multimanager Large Cap Growth*                 0.90%        0.25%       0.22%         --           1.37%       (0.02)%      1.35%
Multimanager Large Cap Value*                  0.88%        0.25%       0.22%         --           1.35%        0.00%       1.35%
Multimanager Mid Cap Growth*                   1.10%        0.25%       0.20%       0.01%          1.56%        0.00%       1.56%
Multimanager Mid Cap Value*                    1.10%        0.25%       0.21%       0.03%          1.59%        0.00%       1.59%
Multimanager Technology *                      1.20%        0.25%       0.23%         --           1.68%        0.00%       1.68%
- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock              0.47%        0.25%       0.13%         --           0.85%          --        0.85%
EQ/AllianceBernstein Growth and Income++       0.56%        0.25%       0.12%         --           0.93%          --        0.93%
EQ/AllianceBernstein Intermediate Government   0.50%        0.25%       0.14%         --           0.89%          --        0.89%
 Securities
EQ/AllianceBernstein International             0.71%        0.25%       0.20%         --           1.16%       (0.06)%      1.10%
EQ/AllianceBernstein Large Cap Growth          0.90%        0.25%       0.11%         --           1.26%       (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond              0.50%        0.25%       0.14%         --           0.89%          --        0.89%
EQ/AllianceBernstein Small Cap Growth          0.74%        0.25%       0.13%         --           1.12%          --        1.12%
EQ/AllianceBernstein Value                     0.60%        0.25%       0.13%         --           0.98%       (0.03)%      0.95%
EQ/Ariel Appreciation II                       0.75%        0.25%       0.51%         --           1.51%       (0.36)%      1.15%
EQ/BlackRock Basic Value Equity*               0.55%        0.25%       0.14%         --           0.94%        0.00%       0.94%
EQ/BlackRock International Value*              0.82%        0.25%       0.21%         --           1.28%       (0.03)%      1.25%
EQ/Boston Advisors Equity Income               0.75%        0.25%       0.15%         --           1.15%       (0.10)%      1.05%
EQ/Calvert Socially Responsible                0.65%        0.25%       0.25%         --           1.15%       (0.10)%      1.05%
EQ/Capital Guardian Growth                     0.65%        0.25%       0.16%         --           1.06%       (0.11)%      0.95%
EQ/Capital Guardian International+             0.83%        0.25%       0.21%         --           1.29%       (0.09)%      1.20%
EQ/Capital Guardian Research                   0.65%        0.25%       0.13%         --           1.03%       (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++              0.64%        0.25%       0.14%         --           1.03%       (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond              0.60%        0.25%       0.18%         --           1.03%       (0.03)%      1.00%
EQ/Davis New York Venture                      0.85%        0.25%       0.74%         --           1.84%       (0.54)%      1.30%
EQ/Equity 500 Index                            0.25%        0.25%       0.13%         --           0.63%          --        0.63%
EQ/Evergreen International Bond                0.70%        0.25%       0.23%         --           1.18%       (0.03)%      1.15%
EQ/Evergreen Omega                             0.65%        0.25%       0.21%         --           1.11%        0.00%       1.11%
EQ/FI Mid Cap                                  0.68%        0.25%       0.15%         --           1.08%       (0.08)%      1.00%
EQ/FI Mid Cap Value+                           0.73%        0.25%       0.13%         --           1.11%       (0.01)%      1.10%
EQ/Franklin Income                             0.90%        0.25%       0.38%         --           1.53%       (0.23)%      1.30%
EQ/Franklin Small Cap Value                    0.90%        0.25%       2.00%         --           3.15%       (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**      0.05%        0.25%       0.21%       1.07%          1.58%       (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions              0.90%        0.25%       0.33%         --           1.48%       (0.03)%      1.45%
EQ/GAMCO Small Company Value                   0.78%        0.25%       0.14%         --           1.17%        0.00%       1.17%
EQ/International Growth                        0.85%        0.25%       0.35%         --           1.45%        0.00%       1.45%
EQ/Janus Large Cap Growth++                    0.90%        0.25%       0.15%         --           1.30%       (0.15)%      1.15%
EQ/JPMorgan Core Bond                          0.44%        0.25%       0.15%         --           0.84%        0.00%       0.84%
EQ/JPMorgan Value Opportunities                0.60%        0.25%       0.16%         --           1.01%       (0.06)%      0.95%
EQ/Legg Mason Value Equity                     0.65%        0.25%       0.22%         --           1.12%       (0.12)%      1.00%
EQ/Long Term Bond                              0.43%        0.25%       0.15%         --           0.83%        0.00%       0.83%
EQ/Lord Abbett Growth and Income               0.65%        0.25%       0.26%         --           1.16%       (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core                  0.65%        0.25%       0.41%         --           1.31%       (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                   0.70%        0.25%       0.18%         --           1.13%       (0.08)%      1.05%
EQ/Marsico Focus                               0.85%        0.25%       0.13%         --           1.23%       (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+              0.65%        0.25%       0.15%         --           1.05%          --        1.05%
EQ/MFS Investors Trust+                        0.60%        0.25%       0.16%         --           1.01%       (0.06)%      0.95%
EQ/Money Market                                0.33%        0.25%       0.14%         --           0.72%          --        0.72%
EQ/Montag & Caldwell Growth                    0.75%        0.25%       0.16%         --           1.16%       (0.01)%      1.15%
EQ/Mutual Shares                               0.90%        0.25%       0.50%         --           1.65%       (0.35)%      1.30%
EQ/Oppenheimer Global                          0.95%        0.25%       1.30%       0.01%          2.51%       (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity         0.85%        0.25%       1.58%         --           2.68%       (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap           0.90%        0.25%       1.48%         --           2.63%       (1.33)%      1.30%
EQ/PIMCO Real Return                           0.55%        0.25%       0.18%         --           0.98%       (0.08)%      0.90%
EQ/Short Duration Bond                         0.43%        0.25%       0.14%         --           0.82%        0.00%       0.82%
- ------------------------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 11





- -----------------------------------------------------------------------------------------------------------------------------------
                                                                            Acquired                        Fee         Net Total
                                                                              Fund       Total Annual     Waivers         Annual
                                                                            Fees and       Expenses       and/or         Expenses
                                                                Other       Expenses       (Before        Expense         (After
                                         Manage-     12b-1     Expenses    (Underlying     Expense      Reimburse-       Expense
 Portfolio Name                      ment Fees (2)   Fees(3)     (4)     Portfolios)(5)  Limitations)    ments(6)      Limitations)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                    
EQ/Small Cap Value+                      0.73%        0.25%     0.15%           --          1.13%         (0.03)%        1.10%
EQ/Small Company Growth+                 1.00%        0.25%     0.17%           --          1.42%         (0.12)%        1.30%
EQ/Small Company Index                   0.25%        0.25%     0.16%         0.01%         0.67%          0.00%         0.67%
EQ/TCW Equity++                          0.80%        0.25%     0.16%           --          1.21%         (0.06)%        1.15%
EQ/Templeton Growth                      0.95%        0.25%     0.64%           --          1.84%         (0.49)%        1.35%
EQ/UBS Growth and Income                 0.75%        0.25%     0.17%           --          1.17%         (0.12)%        1.05%
EQ/Van Kampen Comstock                   0.65%        0.25%     0.19%           --          1.09%         (0.09)%        1.00%
EQ/Van Kampen Emerging Markets Equity    1.12%        0.25%     0.40%           --          1.77%          0.00%         1.77%
EQ/Van Kampen Mid Cap Growth             0.70%        0.25%     0.23%           --          1.18%         (0.13)%        1.05%
EQ/Wells Fargo Montgomery Small Cap++    0.85%        0.25%     0.41%           --          1.51%         (0.21)%        1.30%
- -----------------------------------------------------------------------------------------------------------------------------------




*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits" later in this Prospectus for the
    investment option's former name.

**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned merger of this Portfolio.

(1) "Total Annual Portfolio Operating Expenses" are based, in part, on estimated
    amounts for options added during the fiscal year 2006 and for the underlying
    portfolios.


(2) The management fees for each Portfolio cannot be increased without a vote of
    that Portfolio's shareholders. See footnote (6) for any expense limitation
    agreement information.

(3) Portfolio shares are all subject to fees imposed under the distribution
    plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
    under the Investment Company Act of 1940. For the portfolios of AXA Premier
    VIP Trust and EQ Advisors Trust, the 12b-1 fees will not be increased for
    the life of the contract.


(4) Other expenses shown are those incurred in 2006. The amounts shown as "Other
    Expenses" will fluctuate from year to year depending on actual expenses. See
    footnote (6) for any expense limitation agreement information.

(5) Each of these variable investment options invest in a corresponding
    portfolio of one of the Trusts or other unaffiliated investment companies.
    Each portfolio, in turn, invests in shares of other portfolios of the Trusts
    and/or shares of unaffiliated portfolios ("the underlying portfolios").
    Amounts shown reflect each portfolio's pro rata share of the fees and
    expenses of the underlying portfolios in which it invests. The fees and
    expenses have been estimated based on the respective weighted investment
    allocations as of 12/31/06. A "--" indicates that the listed portfolio does
    not invest in underlying portfolios.

(6) The amounts shown reflect any fee waivers and/or expense reimbursements that
    applied to each Portfolio. A "--" indicates that there is no expense
    limitation in effect. "0.00%" indicates that the expense limitation
    arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
    the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
    entered into Expense Limitation Agreements with respect to certain
    Portfolios, which are effective through April 30, 2008. Under these
    agreements AXA Equitable has agreed to waive or limit its fees and assume
    other expenses of certain Portfolios, if necessary, in an amount that limits
    each affected Portfolio's Total Annual Expenses (exclusive of interest,
    taxes, brokerage commissions, capitalized expenditures, expenses of the
    underlying portfolios in which the Portfolio invests and extraordinary
    expenses) to not more than specified amounts. Therefore, each Portfolio may
    at a later date make a reimbursement to AXA Equitable for any of the
    management fees waived or limited and other expenses assumed and paid by AXA
    Equitable pursuant to the expense limitation agreements provided that the
    Portfolio's current annual operating expenses do not exceed the operating
    expense limit determined for such Portfolio. See the prospectus for each
    applicable underlying Trust for more information about the arrangements. In
    addition, a portion of the brokerage commissions of certain portfolios of
    AXA Premier VIP Trust and EQ Advisors Trust is used to reduce the applicable
    Portfolio's expenses. If the above table reflected both the expense
    limitation arrangements, plus the portion of the brokerage commissions used
    to reduce portfolio expenses, the net expenses would be as shown in the
    table below:



- ----------------------------------------------------------------------------
Portfolio Name
- ----------------------------------------------------------------------------
Multimanager Aggressive Equity                                        1.03%
- ----------------------------------------------------------------------------
Multimanager Health Care                                              1.63%
- ----------------------------------------------------------------------------
Multimanager International Equity                                     1.52%
- ----------------------------------------------------------------------------
Multimanager Large Cap Core Equity                                    1.33%
- ----------------------------------------------------------------------------
Multimanager Large Cap Growth                                         1.33%
- ----------------------------------------------------------------------------
Multimanager Large Cap Value                                          1.31%
- ----------------------------------------------------------------------------
Multimanager Mid Cap Growth                                           1.52%
- ----------------------------------------------------------------------------
Multimanager Mid Cap Value                                            1.58%
- ----------------------------------------------------------------------------
Multimanager Technology                                               1.64%
- ----------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                                     0.83%
- ----------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income                                0.92%
- ----------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth                                 1.03%
- ----------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth                                 1.11%
- ----------------------------------------------------------------------------
EQ/AllianceBernstein Value                                            0.94%
- ----------------------------------------------------------------------------
EQ/Ariel Appreciation II                                              1.01%
- ----------------------------------------------------------------------------
EQ/BlackRock Basic Value Equity                                       0.93%
- ----------------------------------------------------------------------------
EQ/Capital Guardian Growth                                            0.94%
- ----------------------------------------------------------------------------
EQ/Capital Guardian Research                                          0.94%
- ----------------------------------------------------------------------------
EQ/Capital Guardian U.S. Equity                                       0.94%
- ----------------------------------------------------------------------------
EQ/Davis New York Venture                                             1.27%
- ----------------------------------------------------------------------------
EQ/Evergreen Omega                                                    1.05%
- ----------------------------------------------------------------------------
EQ/FI Mid Cap                                                         0.97%
- ----------------------------------------------------------------------------
EQ/FI Mid Cap Value                                                   1.09%
- ----------------------------------------------------------------------------
EQ/GAMCO Mergers and Acquisitions                                     1.37%
- ----------------------------------------------------------------------------


12 Fee table



- ----------------------------------------------------------------------------
Portfolio Name
- ----------------------------------------------------------------------------
EQ/GAMCO Small Company Value                                          1.16%
- ----------------------------------------------------------------------------
EQ/Janus Large Cap Growth                                             1.14%
- ----------------------------------------------------------------------------
EQ/Legg Mason Value Equity                                            0.97%
- ----------------------------------------------------------------------------
EQ/Lord Abbett Growth and Income                                      0.99%
- ----------------------------------------------------------------------------
EQ/Lord Abbett Large Cap Core                                         0.99%
- ----------------------------------------------------------------------------
EQ/Marsico Focus                                                      1.14%
- ----------------------------------------------------------------------------
EQ/MFS Emerging Growth Companies                                      1.03%
- ----------------------------------------------------------------------------
EQ/MFS Investors Trust                                                0.94%
- ----------------------------------------------------------------------------
EQ/Montag & Caldwell Growth                                           1.13%
- ----------------------------------------------------------------------------
EQ/Mutual Shares                                                      1.30%
- ----------------------------------------------------------------------------
EQ/Small Cap Value                                                    1.02%
- ----------------------------------------------------------------------------
EQ/UBS Growth and Income                                              1.03%
- ----------------------------------------------------------------------------
EQ/Van Kampen Comstock                                                0.99%
- ----------------------------------------------------------------------------
EQ/Van Kampen Emerging Markets Equity                                 1.75%
- ----------------------------------------------------------------------------
EQ/Van Kampen Mid Cap Growth                                          1.01%
- ----------------------------------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap                                   1.20%
- ----------------------------------------------------------------------------


EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).

The example below shows the expenses that a hypothetical contract owner (who has
elected baseBUILDER and Protection Plus(SM)) would pay in the situations
illustrated. Since the Protection Plus(SM) feature only applies under certain
contracts, expenses would be lower for contracts that do not have Protection
Plus(SM).


The fixed maturity options and the 12 month dollar cost averaging program are
not covered by the example. However, the charge for any optional benefits and
the charge if you elect a Variable Immediate Annuity payout option do apply to
amounts in the fixed maturity options. A market value adjustment (up or down)
may apply as a result of a withdrawal, transfer, or surrender of amounts from a
fixed maturity option.

The example assumes that you invest $10,000 in the contract for the time periods
indicated and that your investment has a 5% return each year. The example also
assumes maximum contract charges and total annual expenses of the portfolios
(before expense limitations) set forth in the previous charts. This example
should not be considered a representation of past or future expenses for each
option. Actual expenses may be greater or less than those shown. Similarly, the
annual rate of return assumed in the example is not an estimate or guarantee of
future investment performance. Although your actual costs may be higher or
lower, based on these assumptions, your costs would be:


                                                                    Fee table 13





- ---------------------------------------------------------------------------------------------------------
                                                               If you annuitize at the end
                                                              of the applicable time period
- ---------------------------------------------------------------------------------------------------------
 Portfolio Name                                  1 year        3 years          5 years         10 years
- ---------------------------------------------------------------------------------------------------------
                                                                                    
 AXA PREMIER VIP TRUST:
- ---------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                          N/A        $1,483.00        $2,269.00        $4,346.00
AXA Conservative Allocation                        N/A        $1,421.00        $2,168.00        $4,157.00
AXA Conservative-Plus Allocation                   N/A        $1,424.00        $2,173.00        $4,166.00
AXA Moderate Allocation                            N/A        $1,440.00        $2,198.00        $4,214.00
AXA Moderate-Plus Allocation                       N/A        $1,461.00        $2,234.00        $4,280.00
Multimanager Aggressive Equity*                    N/A        $1,362.00        $2,071.00        $3,973.00
Multimanager Core Bond*                            N/A        $1,353.00        $2,056.00        $3,944.00
Multimanager Health Care*                          N/A        $1,557.00        $2,389.00        $4,568.00
Multimanager High Yield*                           N/A        $1,350.00        $2,051.00        $3,934.00
Multimanager International Equity*                 N/A        $1,511.00        $2,314.00        $4,430.00
Multimanager Large Cap Core Equity*                N/A        $1,455.00        $2,224.00        $4,261.00
Multimanager Large Cap Growth*                     N/A        $1,461.00        $2,234.00        $4,280.00
Multimanager Large Cap Value*                      N/A        $1,455.00        $2,224.00        $4,261.00
Multimanager Mid Cap Growth*                       N/A        $1,520.00        $2,329.00        $4,458.00
Multimanager Mid Cap Value*                        N/A        $1,529.00        $2,344.00        $4,486.00
Multimanager Technology*                           N/A        $1,557.00        $2,389.00        $4,568.00
- ---------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                  N/A        $1,300.00        $1,969.00        $3,776.00
EQ/AllianceBernstein Growth and Income++           N/A        $1,325.00        $2,010.00        $3,855.00
EQ/AllianceBernstein Intermediate Government
 Securities                                        N/A        $1,312.00        $1,990.00        $3,815.00
EQ/AllianceBernstein International                 N/A        $1,396.00        $2,128.00        $4,080.00
EQ/AllianceBernstein Large Cap Growth              N/A        $1,427.00        $2,178.00        $4,176.00
EQ/AllianceBernstein Quality Bond                  N/A        $1,312.00        $1,990.00        $3,815.00
EQ/AllianceBernstein Small Cap Growth              N/A        $1,384.00        $2,107.00        $4,041.00
EQ/AllianceBernstein Value                         N/A        $1,341.00        $2,036.00        $3,904.00
EQ/Ariel Appreciation II                           N/A        $1,505.00        $2,304.00        $4,411.00
EQ/BlackRock Basic Value Equity*                   N/A        $1,328.00        $2,015.00        $3,865.00
EQ/BlackRock International Value*                  N/A        $1,434.00        $2,188.00        $4,195.00
EQ/Boston Advisors Equity Income                   N/A        $1,393.00        $2,122.00        $4,070.00
EQ/Calvert Socially Responsible                    N/A        $1,393.00        $2,122.00        $4,070.00
EQ/Capital Guardian Growth                         N/A        $1,365.00        $2,077.00        $3,983.00
EQ/Capital Guardian International+                 N/A        $1,437.00        $2,193.00        $4,204.00
EQ/Capital Guardian Research                       N/A        $1,356.00        $2,061.00        $3,953.00
EQ/Capital Guardian U.S. Equity++                  N/A        $1,356.00        $2,061.00        $3,953.00
EQ/Caywood-Scholl High Yield Bond                  N/A        $1,356.00        $2,061.00        $3,953.00
EQ/Davis New York Venture                          N/A        $1,606.00        $2,468.00        $4,713.00
EQ/Equity 500 Index                                N/A        $1,231.00        $1,855.00        $3,554.00
EQ/Evergreen International Bond                    N/A        $1,403.00        $2,138.00        $4,099.00
EQ/Evergreen Omega                                 N/A        $1,381.00        $2,102.00        $4,031.00
EQ/FI Mid Cap                                      N/A        $1,372.00        $2,087.00        $4,002.00
EQ/FI Mid Cap Value+                               N/A        $1,381.00        $2,102.00        $4,031.00
EQ/Franklin Income                                 N/A        $1,511.00        $2,314.00        $4,430.00
EQ/Franklin Small Cap Value                        N/A        $2,000.00        $3,095.00        $5,814.00
EQ/Franklin Templeton Founding Strategy**          N/A        $1,526.00        $2,339.00        $4,476.00
EQ/GAMCO Mergers and Acquisitions                  N/A        $1,495.00        $2,289.00        $4,383.00
EQ/GAMCO Small Company Value                       N/A        $1,400.00        $2,133.00        $4,089.00
EQ/International Growth                            N/A        $1,486.00        $2,274.00        $4,355.00
EQ/Janus Large Cap Growth++                        N/A        $1,440.00        $2,198.00        $4,214.00
EQ/JPMorgan Core Bond                              N/A        $1,297.00        $1,964.00        $3,766.00
EQ/JPMorgan Value Opportunities                    N/A        $1,350.00        $2,051.00        $3,934.00
EQ/Legg Mason Value Equity                         N/A        $1,384.00        $2,107.00        $4,041.00
EQ/Long Term Bond                                  N/A        $1,294.00        $1,959.00        $3,756.00
EQ/Lord Abbett Growth and Income                   N/A        $1,396.00        $2,128.00        $4,080.00
EQ/Lord Abbett Large Cap Core                      N/A        $1,443.00        $2,203.00        $4,223.00
EQ/Lord Abbett Mid Cap Value                       N/A        $1,387.00        $2,112.00        $4,051.00
EQ/Marsico Focus                                   N/A        $1,418.00        $2,163.00        $4,147.00
EQ/MFS Emerging Growth Companies+                  N/A        $1,362.00        $2,071.00        $3,973.00
EQ/MFS Investors Trust+                            N/A        $1,350.00        $2,051.00        $3,934.00
- ---------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------
                                                   If you surrender or do not surrender your contract at
                                                           the end of the applicable time period
- -----------------------------------------------------------------------------------------------------------
 Portfolio Name                                   1 year         3 years          5 years          10 years
- -----------------------------------------------------------------------------------------------------------
                                                                                         
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                        $372.00        $1,133.00        $1,919.00        $3,996.00
AXA Conservative Allocation                      $351.00        $1,071.00        $1,818.00        $3,807.00
AXA Conservative-Plus Allocation                 $352.00        $1,074.00        $1,823.00        $3,816.00
AXA Moderate Allocation                          $357.00        $1,090.00        $1,848.00        $3,864.00
AXA Moderate-Plus Allocation                     $364.00        $1,111.00        $1,884.00        $3,930.00
Multimanager Aggressive Equity*                  $331.00        $1,012.00        $1,721.00        $3,623.00
Multimanager Core Bond*                          $328.00        $1,003.00        $1,706.00        $3,594.00
Multimanager Health Care*                        $397.00        $1,207.00        $2,039.00        $4,218.00
Multimanager High Yield*                         $327.00        $1,000.00        $1,701.00        $3,584.00
Multimanager International Equity*               $381.00        $1,161.00        $1,964.00        $4,080.00
Multimanager Large Cap Core Equity*              $362.00        $1,105.00        $1,874.00        $3,911.00
Multimanager Large Cap Growth*                   $364.00        $1,111.00        $1,884.00        $3,930.00
Multimanager Large Cap Value*                    $362.00        $1,105.00        $1,874.00        $3,911.00
Multimanager Mid Cap Growth*                     $384.00        $1,170.00        $1,979.00        $4,108.00
Multimanager Mid Cap Value*                      $387.00        $1,179.00        $1,994.00        $4,136.00
Multimanager Technology*                         $397.00        $1,207.00        $2,039.00        $4,218.00
- -----------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                $310.00        $  950.00        $1,619.00        $3,426.00
EQ/AllianceBernstein Growth and Income++         $318.00        $  975.00        $1,660.00        $3,505.00
EQ/AllianceBernstein Intermediate Government
 Securities                                      $314.00        $  962.00        $1,640.00        $3,465.00
EQ/AllianceBernstein International               $342.00        $1,046.00        $1,778.00        $3,730.00
EQ/AllianceBernstein Large Cap Growth            $353.00        $1,077.00        $1,828.00        $3,826.00
EQ/AllianceBernstein Quality Bond                $314.00        $  962.00        $1,640.00        $3,465.00
EQ/AllianceBernstein Small Cap Growth            $338.00        $1,034.00        $1,757.00        $3,691.00
EQ/AllianceBernstein Value                       $323.00        $  991.00        $1,686.00        $3,554.00
EQ/Ariel Appreciation II                         $379.00        $1,155.00        $1,954.00        $4,061.00
EQ/BlackRock Basic Value Equity*                 $319.00        $  978.00        $1,665.00        $3,515.00
EQ/BlackRock International Value*                $355.00        $1,084.00        $1,838.00        $3,845.00
EQ/Boston Advisors Equity Income                 $341.00        $1,043.00        $1,772.00        $3,720.00
EQ/Calvert Socially Responsible                  $341.00        $1,043.00        $1,772.00        $3,720.00
EQ/Capital Guardian Growth                       $332.00        $1,015.00        $1,727.00        $3,633.00
EQ/Capital Guardian International+               $356.00        $1,087.00        $1,843.00        $3,854.00
EQ/Capital Guardian Research                     $329.00        $1,006.00        $1,711.00        $3,603.00
EQ/Capital Guardian U.S. Equity++                $329.00        $1,006.00        $1,711.00        $3,603.00
EQ/Caywood-Scholl High Yield Bond                $329.00        $1,006.00        $1,711.00        $3,603.00
EQ/Davis New York Venture                        $414.00        $1,256.00        $2,118.00        $4,363.00
EQ/Equity 500 Index                              $287.00        $  881.00        $1,505.00        $3,204.00
EQ/Evergreen International Bond                  $344.00        $1,053.00        $1,788.00        $3,749.00
EQ/Evergreen Omega                               $337.00        $1,031.00        $1,752.00        $3,681.00
EQ/FI Mid Cap                                    $334.00        $1,022.00        $1,737.00        $3,652.00
EQ/FI Mid Cap Value+                             $337.00        $1,031.00        $1,752.00        $3,681.00
EQ/Franklin Income                               $381.00        $1,161.00        $1,964.00        $4,080.00
EQ/Franklin Small Cap Value                      $551.00        $1,650.00        $2,745.00        $5,464.00
EQ/Franklin Templeton Founding Strategy**        $386.00        $1,176.00        $1,989.00        $4,126.00
EQ/GAMCO Mergers and Acquisitions                $376.00        $1,145.00        $1,939.00        $4,033.00
EQ/GAMCO Small Company Value                     $343.00        $1,050.00        $1,783.00        $3,739.00
EQ/International Growth                          $373.00        $1,136.00        $1,924.00        $4,005.00
EQ/Janus Large Cap Growth++                      $357.00        $1,090.00        $1,848.00        $3,864.00
EQ/JPMorgan Core Bond                            $309.00        $  947.00        $1,614.00        $3,416.00
EQ/JPMorgan Value Opportunities                  $327.00        $1,000.00        $1,701.00        $3,584.00
EQ/Legg Mason Value Equity                       $338.00        $1,034.00        $1,757.00        $3,691.00
EQ/Long Term Bond                                $308.00        $  944.00        $1,609.00        $3,406.00
EQ/Lord Abbett Growth and Income                 $342.00        $1,046.00        $1,778.00        $3,730.00
EQ/Lord Abbett Large Cap Core                    $358.00        $1,093.00        $1,853.00        $3,873.00
EQ/Lord Abbett Mid Cap Value                     $339.00        $1,037.00        $1,762.00        $3,701.00
EQ/Marsico Focus                                 $350.00        $1,068.00        $1,813.00        $3,797.00
EQ/MFS Emerging Growth Companies+                $331.00        $1,012.00        $1,721.00        $3,623.00
EQ/MFS Investors Trust+                          $327.00        $1,000.00        $1,701.00        $3,584.00
- -----------------------------------------------------------------------------------------------------------



14 Fee table





- -----------------------------------------------------------------------------------------------------------
                                                              If you annuitize at the end
                                                             of the applicable time period
- -----------------------------------------------------------------------------------------------------------
 Portfolio Name                                  1 year        3 years          5 years         10 years
- -----------------------------------------------------------------------------------------------------------
                                                                                    
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------
EQ/Money Market                                    N/A        $1,259.00        $1,902.00        $3,645.00
EQ/Montag & Caldwell Growth                        N/A        $1,396.00        $2,128.00        $4,080.00
EQ/Mutual Shares                                   N/A        $1,548.00        $2,374.00        $4,541.00
EQ/Oppenheimer Global                              N/A        $1,809.00        $2,793.00        $5,295.00
EQ/Oppenheimer Main Street Opportunity             N/A        $1,860.00        $2,874.00        $5,436.00
EQ/Oppenheimer Main Street Small Cap               N/A        $1,845.00        $2,851.00        $5,395.00
EQ/PIMCO Real Return                               N/A        $1,341.00        $2,036.00        $3,904.00
EQ/Short Duration Bond                             N/A        $1,291.00        $1,954.00        $3,746.00
EQ/Small Cap Value+                                N/A        $1,387.00        $2,112.00        $4,051.00
EQ/Small Company Growth+                           N/A        $1,477.00        $2,259.00        $4,327.00
EQ/Small Company Index                             N/A        $1,244.00        $1,876.00        $3,595.00
EQ/TCW Equity++                                    N/A        $1,412.00        $2,153.00        $4,128.00
EQ/Templeton Growth                                N/A        $1,606.00        $2,468.00        $4,713.00
EQ/UBS Growth and Income                           N/A        $1,400.00        $2,133.00        $4,089.00
EQ/Van Kampen Comstock                             N/A        $1,375.00        $2,092.00        $4,012.00
EQ/Van Kampen Emerging Markets Equity              N/A        $1,584.00        $2,433.00        $4,650.00
EQ/Van Kampen Mid Cap Growth                       N/A        $1,403.00        $2,138.00        $4,099.00
EQ/Wells Fargo Montgomery Small Cap++              N/A        $1,505.00        $2,304.00        $4,411.00
- -----------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------
                                                     If you surrender or do not surrender your contract at
                                                           the end of the applicable time period
 Portfolio Name                                     1 year        3 years          5 years         10 years
- -----------------------------------------------------------------------------------------------------------
                                                                                      
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------------
EQ/Money Market                                    $296.00       $  909.00        $1,552.00       $3,295.00
EQ/Montag & Caldwell Growth                        $342.00       $1,046.00        $1,778.00       $3,730.00
EQ/Mutual Shares                                   $394.00       $1,198.00        $2,024.00       $4,191.00
EQ/Oppenheimer Global                              $484.00       $1,459.00        $2,443.00       $4,945.00
EQ/Oppenheimer Main Street Opportunity             $502.00       $1,510.00        $2,524.00       $5,086.00
EQ/Oppenheimer Main Street Small Cap               $497.00       $1,495.00        $2,501.00       $5,045.00
EQ/PIMCO Real Return                               $323.00       $  991.00        $1,686.00       $3,554.00
EQ/Short Duration Bond                             $307.00       $  941.00        $1,604.00       $3,396.00
EQ/Small Cap Value+                                $339.00       $1,037.00        $1,762.00       $3,701.00
EQ/Small Company Growth+                           $370.00       $1,127.00        $1,909.00       $3,977.00
EQ/Small Company Index                             $291.00       $  894.00        $1,526.00       $3,245.00
EQ/TCW Equity++                                    $348.00       $1,062.00        $1,803.00       $3,778.00
EQ/Templeton Growth                                $414.00       $1,256.00        $2,118.00       $4,363.00
EQ/UBS Growth and Income                           $343.00       $1,050.00        $1,783.00       $3,739.00
EQ/Van Kampen Comstock                             $335.00       $1,025.00        $1,742.00       $3,662.00
EQ/Van Kampen Emerging Markets Equity              $406.00       $1,234.00        $2,083.00       $4,300.00
EQ/Van Kampen Mid Cap Growth                       $344.00       $1,053.00        $1,788.00       $3,749.00
EQ/Wells Fargo Montgomery Small Cap++              $379.00       $1,155.00        $1,954.00       $4,061.00
- -----------------------------------------------------------------------------------------------------------




*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits" later in this Prospectus for the investment
    option's former name.



**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix V at the end of this Prospectus.


CONDENSED FINANCIAL INFORMATION


Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


                                                                    Fee table 15


1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN CONTRIBUTE TO YOUR CONTRACT

You may make additional contributions of at least $1,000 each for NQ, QP and
Rollover TSA contracts and $50 for Rollover IRA and Roth Conversion IRA
contracts, subject to limitations noted below. The following table summarizes
our rules regarding contributions to your contract. All ages in the table refer
to the age of the annuitant named in the contract. Initial contribution amounts
are provided for informational purposes only. This contract is no longer
available to new purchasers.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may also refuse to accept any contribution if the sum of all
contributions under all AXA Equitable annuity accumulation contracts that you
own would then total more than $2,500,000.

- --------------------------------------------------------------------------------

The "annuitant" is the person who is the measuring life for determining contract
benefits. The annuitant is not necessarily the contract owner.
- --------------------------------------------------------------------------------





- -----------------------------------------------------------------------------------------------------------------------------------
Contract       Annuitant          Minimum                                                      Limitations on
type           issue ages         contributions                Source of contributions         contributions
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                   
NQ             0 through 85       o  $1,000 (additional)       o  After-tax money.              o  No additional contributions
                                                                                                   after attainment of age 86
                                  o  $100 monthly and $300     o  Paid to us by check or           or, if later, the first
                                     quarterly under our          transfer of contract value       contract date anniversary.
                                     automatic investment         in a tax-deferred exchange
                                     program (additional)         under Section 1035 of the
                                                                  Internal Revenue Code.
- -----------------------------------------------------------------------------------------------------------------------------------
Rollover IRA   20 through 85      o  $50 (additional)          o  Eligible rollover             o  No rollover or direct
                                                                  distributions from TSA           transfer contributions
                                                                  contracts or other 403(b)        after attainment of age 86,
                                                                  arrangements, qualified          or, if later, the first
                                                                  plans, and governmental          contract date anniversary.
                                                                  employer 457(b) plans.
                                                                                                o  Contributions after age
                                                               o  Rollovers from another           70-1/2 must be net of
                                                                  traditional individual           required minimum
                                                                  retirement arrangement.          distributions.

                                                               o  Direct custodian-to-          o  Although we accept regular
                                                                  custodian transfers from         IRA contributions (limited
                                                                  another traditional              to $4,000 for 2007 and
                                                                  individual retirement            $5,000 for 2008) under
                                                                  arrangement.                     Rollover IRA contracts, we
                                                                                                   intend that this contract
                                                               o  Regular IRA contributions.       be used primarily for
                                                                                                   rollover and direct
                                                               o  Additional "catch-up"            transfer contributions.
                                                                  contributions.
                                                                                                o  Additional catch-up
                                                                                                   contributions of up to
                                                                                                   $1,000 can be made where
                                                                                                   the owner is at least age
                                                                                                   50 but under age 70-1/2 at
                                                                                                   any time during the cal-
                                                                                                   endar year for which the
                                                                                                   contribution is made.
- -----------------------------------------------------------------------------------------------------------------------------------



16 Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------------
Contract         Annuitant        Minimum                                                        Limitations on
type             issue ages       contributions             Source of contributions              contributions
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                     
Roth Con-        20 through 85    o  $50 (additional)       o  Rollovers from another Roth       o  No additional rollover or direct
version IRA                                                    IRA.                                 transfer contributions after
                                                                                                    attainment of age 86 or, if
                                                            o  Rollovers from a "designated         later, the first contract date
                                                               Roth contribution account"           anniversary.
                                                               under a 401(k) plan or 403(b)
                                                               arrangement.                      o  Conversion rollovers after age
                                                                                                    70-1/2 must be net of required
                                                            o  Conversion rollovers from a          minimum distributions for the
                                                               traditional IRA.                     traditional IRA you are rolling
                                                                                                    over.
                                                            o  Direct transfers from another
                                                               Roth IRA.                         o  You cannot roll over funds from
                                                                                                    a traditional IRA if your
                                                            o  Regular Roth IRA                     adjusted gross income is
                                                               contributions.                       $100,000 or more.

                                                            o  Additional catch-up               o  Although we accept regular Roth
                                                               contributions.                       IRA contributions (limited to
                                                                                                    $4,000 for 2007 and $5,000 for
                                                                                                    2008) under the Roth IRA
                                                                                                    contracts, we intend that this
                                                                                                    contract be used primarily for
                                                                                                    rollover and direct transfer
                                                                                                    contributions.

                                                                                                 o  Additional catch-up
                                                                                                    contributions of up to $1,000
                                                                                                    can be made where the owner is
                                                                                                    at least age 50 at any time
                                                                                                    during the calendar year for
                                                                                                    which the contribution is made.
- -----------------------------------------------------------------------------------------------------------------------------------
Rollover         20 through 85    o  $1,000 (additional)    o  Direct transfers of pre-tax       o  No additional rollover or
TSA                                                            funds from another contract or       direct transfer
                                                               arrange- ment under Section          contributions may be made
                                                               403(b) of the Internal Revenue       after attainment of age 86 or,
                                                               Code, complying with IRS             if later, the first contract
                                                               Revenue Ruling 90-24.                date anniversary.

                                                            o  Eligible rollover                 o  Rollover or direct transfer
                                                               distributions of pre- tax            contributions after age
                                                               funds from other 403(b) plans.       70-1/2 must be net of any
                                                               Subsequent contributions may         required minimum
                                                               also be rollovers from               distributions.
                                                               qualified plans, governmental
                                                               employer 457(b) plans and         o  We do not accept employer-
                                                               traditional IRAs.                    remitted contributions.
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 17





- -----------------------------------------------------------------------------------------------------------------------------------
Contract   Annuitant       Minimum                                                              Limitations on
type       issue ages      contributions                   Source of contributions              contributions
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
QP         20 through 75         o $1,000 (additional)     o  Only transfer contributions       o  A separate QP contract must be
                                                              from other investments within        established for each plan
                                                              an existing defined                  participant.
                                                              contribution qualified plan
                                                              trust.                            o  We do not accept regular
                                                                                                   ongoing payroll contributions,
                                                           o  The plan must be qualified           or any other contributions
                                                              under Section 401(a) of the          from the employer.
                                                              Internal Revenue Code.
                                                                                                o  Only one additional transfer
                                                           o  For 401(k) plans, transferred        contribution may be made
                                                              contributions may not                during a contract year.
                                                              include any after-tax
                                                              contributions, including          o  No additional transfer
                                                              designated Roth contributions.       contributions after attainment
                                                                                                   of age 76 or, if later, the
                                                                                                   first contract date
                                                                                                   anniversary.

                                                                                                o  Contributions after age 70-1/2
                                                                                                   must be net of any required
                                                                                                   minimum distributions.

                                                                                                o  We do not accept contributions
                                                                                                   from defined benefit plans.

Please refer to Appendix II at the end of this Prospectus for a discussion of purchase considerations of QP contracts.
- -----------------------------------------------------------------------------------------------------------------------------------



See "Tax information" later in this Prospectus for a more detailed discussion of
sources of contributions and certain contribution limitations.

For information on when contributions are credited under your contract see
"Dates and prices at which contract events occur" in "More information" later in
this Prospectus.

18 Contract features and benefits


OWNER AND ANNUITANT REQUIREMENTS


Under NQ contracts, the annuitant can be different from the owner. We do not
permit partnerships or limited liability corporations to be owners. We also
reserve the right to prohibit availability of this contract to other non-natural
owners. Only natural persons can be joint owners. In general we will not permit
a contract to be owned by a minor unless it is pursuant to the Uniform Gifts to
Minors Act or the Uniform Transfers to Minors Act in your state.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix II at the end of
this Prospectus for more information on QP contracts.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply contributions
made pursuant to a Section 1035 tax-free exchange or a direct transfer. We do
not accept third-party checks endorsed to us except for rollover contributions,
tax-free exchanges or trustee checks that involve no refund. All checks are
subject to our ability to collect the funds. We reserve the right to reject a
payment if it is received in an unacceptable form.

For your convenience, we will accept contributions by wire transmittal from
certain broker-dealers who have agreements with us for this purpose, including
circumstances under which such contributions are considered received by us when
your order is taken by such broker-dealers. Additional contributions may also be
made under our automatic investment program. If any information is missing or
unclear, we will hold the contribution, whether received via check or wire, in a
non-interest bearing suspense account while we try to obtain this information.
These methods of payment are discussed in detail in "More information" later in
this Prospectus.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

You can choose from among the variable investment options and the fixed maturity
options.

VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.

                                              Contract features and benefits  19


PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Select(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors include the timing of stock purchases and sales;
differences in fund cash flows; and specific strategies employed by the
portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for inclusion
in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC, an
affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject to
conflicts of interest insofar as AXA Equitable may derive greater revenues from
the AXA Allocation Portfolios than certain other portfolios available to you
under your contract. In addition, the AXA Allocation Portfolios may enable AXA
Equitable to more efficiently manage AXA Equitable's financial risks associated
with certain guaranteed features including those optional benefits that restrict
allocations to the AXA Allocation Portfolios. Please see "Allocating your
contributions" in "Contract features and benefits" for more information about
your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the Trusts
and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                    Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                      o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                      o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a         o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.   o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,   o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                               o AllianceBernstein L.P.
 EQUITY(1)                                                                               o ClearBridge Advisors, LLC
                                                                                         o Legg Mason Capital Management, Inc.
                                                                                         o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital     o BlackRock Financial Management, Inc.
                              appreciation, consistent with a prudent level of risk.     o Pacific Investment Management Company LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                               o A I M Capital Management, Inc.
                                                                                         o RCM Capital Management LLC
                                                                                         o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current         o Pacific Investment Management Company LLC
                              income and capital appreciation.                           o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                               o AllianceBernstein L.P.
 EQUITY(5)                                                                               o JPMorgan Investment Management Inc.
                                                                                         o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------



20 Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                 Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                              applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o  AllianceBernstein L.P.
 CORE EQUITY(6)                                                                       o  Janus Capital Management LLC
                                                                                      o  Thornburg Investment Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o  RCM Capital Management LLC
 GROWTH(7)                                                                            o  TCW Investment Management Company
                                                                                      o  T. Rowe Price Associates, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o  AllianceBernstein L.P.
 VALUE(8)                                                                             o  Institutional Capital LLC
                                                                                      o  MFS Investment Management
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o  AllianceBernstein L.P.
 GROWTH(9)                                                                            o  Franklin Advisers, Inc.
                                                                                      o  Provident Investment Counsel, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o  AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                            o  TCW Investment Management Company
                                                                                      o  Wellington Management Company, LLP
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                           o  Firsthand Capital Management, Inc.
                                                                                      o  RCM Capital Management LLC
                                                                                      o  Wellington Management Company, LLP
- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                     Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                              applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.          o  AllianceBernstein L.P.
 MON STOCK
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                  o  AllianceBernstein L.P.
 AND INCOME++
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with   o  AllianceBernstein L.P.
 MEDIATE GOVERNMENT            relative stability of principal.
 SECURITIES
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.          o  AllianceBernstein L.P.
 NATIONAL
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.          o  AllianceBernstein L.P.
 CAP GROWTH
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent with   o  AllianceBernstein L.P.
 BOND                          moderate risk to capital.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.          o  AllianceBernstein L.P.
 CAP GROWTH
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                            o  AllianceBernstein L.P.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                  o  Ariel Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK BASIC VALUE       Seeks capital appreciation and secondarily, income.    o  BlackRock Investment Management, LLC
 EQUITY(12)
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 21







- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                          Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)             Objective                                                    applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term growth of      o  BlackRock Investment Management
 VALUE(13)                    income, accompanied by growth of capital.                       International Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve an       o  Boston Advisors, LLC
 INCOME                       above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.                        o  Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                               o  Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.                           o  Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.                      o  Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.                o  Capital Guardian Trust Company
 RESEARCH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.                o  Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.                            o  Caywood-Scholl Capital Management
 YIELD BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.                           o  Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates       o  AllianceBernstein L.P.
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk level consis-
                              tent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.                     o  Evergreen Investment Management
 BOND                                                                                         Company, LLC
                                                                                           o  First International Fund Advisors (dba
                                                                                              "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.                              o  Evergreen Investment Management
- -------------------------------------------------------------------------------------------   Company, LLC
EQ/FI MID CAP                 Seeks long-term growth of capital.                           -----------------------------------------
- -------------------------------------------------------------------------------------------o  Fidelity Management & Research Company
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.                        -----------------------------------------
- -------------------------------------------------------------------------------------------o  Fidelity Management & Research Company
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects         -----------------------------------------
                              for capital appreciation.                                    o  Franklin Advisers, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.                                o  Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily seeks   o  AXA Equitable
 FOUNDING STRATEGY(**)        income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.                       o  GAMCO Asset Management Inc.
 ACQUISITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.                      o  GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.                       o  MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   Seeks long-term growth of capital.                           o  Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND         Seeks to provide a high total return consistent with mod-    o  JPMorgan Investment Management Inc.
                              erate risk to capital and maintenance of liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------



22 Contract features and benefits





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/JPMORGAN VALUE              Long-term capital appreciation.                            o  JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                         o  Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation          o  BlackRock Financial Management, Inc.
                               through investment in long-maturity debt obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without          o  Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with reason-     o  Lord, Abbett & Co. LLC
 CORE                          able risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                      o  Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                         o  Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.                 o  MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary         o  MFS Investment Management
                               objective to seek reasonable current income. For purposes
                               of this Portfolio, the words "reasonable current income"
                               mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve   o  The Dreyfus Corporation
                               its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.                     o  Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally be      o  Franklin Mutual Advisers, LLC
                               short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.                                o  OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.                      o  OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.                                o  OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation     o  Pacific Investment Management Company,
                               of real capital and prudent investment management.            LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of principal. o  BlackRock Financial Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.                                o  Lazard Asset Management LLC
                                                                                          o  Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.                     o  Bear Stearns Asset Management Inc.
                                                                                          o  Eagle Asset Management, Inc.
                                                                                          o  Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the      o  AllianceBernstein L.P.
                               deduction of portfolio expenses) the total return of the
                               Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.           o  TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH            Seeks long-term capital growth.                            o  Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 23





- ----------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)             Objective
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                      
EQ/UBS GROWTH AND INCOME      Seeks to achieve total return through capital                 o  UBS Global Asset Management
                              appreciation with income as a secondary consideration.           (Americas) Inc.
- ----------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK        Capital growth and income.                                    o  Morgan Stanley Investment
                                                                                               Management Inc.
- ----------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING        Seeks long-term capital appreciation.                         o  Morgan Stanley Investment
 MARKETS EQUITY                                                                                Management Inc.
- ----------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP         Capital growth.                                               o  Morgan Stanley Investment
 GROWTH                                                                                        Management Inc.
- ----------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY     Seeks long-term capital appreciation.                         o  Wells Capital Management Inc.
 SMALL CAP++
- ----------------------------------------------------------------------------------------------------------------------------




(*) This portfolio information reflects the portfolio's name change effective on
    or about May 29, 2007, subject to regulatory approval. The chart below
    reflects the portfolio's name in effect, until on or about May 29, 2007. The
    number in the "FN" column corresponds with the number contained in the table
    above.

- ----------------------------------------------
 FN      Portfolio Name until May 29, 2007
- ----------------------------------------------
(1)      AXA Premier VIP Aggressive Equity
- ----------------------------------------------
(2)      AXA Premier VIP Core Bond
- ----------------------------------------------
(3)      AXA Premier VIP Health Care
- ----------------------------------------------
(4)      AXA Premier VIP High Yield
- ----------------------------------------------
(5)      AXA Premier VIP International Equity
- ----------------------------------------------
(6)      AXA Premier VIP Large Cap Core Equity
- ----------------------------------------------
(7)      AXA Premier VIP Large Cap Growth
- ----------------------------------------------
(8)      AXA Premier VIP Large Cap Value
- ----------------------------------------------
(9)      AXA Premier VIP Mid Cap Growth
- ----------------------------------------------
(10)     AXA Premier VIP Mid Cap Value
- ----------------------------------------------
(11)     AXA Premier VIP Technology
- ----------------------------------------------
(12)     EQ/Mercury Basic Value Equity
- ----------------------------------------------
(13)     EQ/Mercury International Value
- ----------------------------------------------

**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned merger of this Portfolio.

You should consider the investment objectives, risks and charges and expenses of
the Portfolios carefully before investing. The prospectuses for the Trusts
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may call
one of our customer service representatives at 1-800-789-7771.


24 Contract features and benefits


FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied: (i) the fixed maturity option's
maturity date is within the current calendar year; and (ii) the rate to maturity
is 3%. This means that, at any given time, we may not offer fixed maturity
options with all ten possible maturity dates. You can allocate your
contributions to one or more of these fixed maturity options. These amounts
become part of a non-unitized separate account. They will accumulate interest at
the "rate to maturity" for each fixed maturity option. The total amount you
allocate to and accumulate in each fixed maturity option is called the "fixed
maturity amount." The fixed maturity options are not available in all states.
Check with your financial professional to see if fixed maturity options are
available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options range from one to ten years to maturity.
- --------------------------------------------------------------------------------

The rate to maturity you will receive for each fixed maturity option is the rate
to maturity in effect for new contributions allocated to that fixed maturity
option on the date we apply your contribution.

On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."


FIXED MATURITY OPTIONS AND MATURITY DATES. We currently offer fixed maturity
options ending on February 15th for each of the maturity years 2008 through
2017. Not all of these fixed maturity options will be available for annuitant
ages 76 and older. See "Allocating your contributions" below. As fixed maturity
options expire, we expect to add maturity years so that generally 10 fixed
maturity options are available at any time.


YOUR CHOICES AT THE MATURITY DATE. We will notify you on or before December 31st
of the year before each of your fixed maturity options is scheduled to mature.
At that time, you may choose to have one of the following take place on the
maturity date, as long as none of the restrictive conditions listed above or in
"Allocating your contributions," below would apply:

(a) transfer the maturity value into another available fixed maturity option or
    into any of the variable investment options; or

(b) withdraw the maturity value.


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the next
available fixed maturity option with the earliest maturity date. As of February
15, 2007, the next available maturity date was February 15, 2008.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract or when we make deductions for charges) from a fixed
maturity option before it matures, we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a fixed
maturity option are used to purchase any annuity payment option prior to the
maturity date and may apply on payment of a death benefit. The market value
adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount applied
to an annuity payout option will reflect the application of any applicable
market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:


(a) the difference between the rate to maturity that applies to the amount being
    withdrawn and the rate to maturity in effect at that time for new
    allocations to that same fixed maturity option, and

(b) the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the fixed
maturity option's maturity date. Therefore, it is possible that the market value
adjustment could greatly reduce your value in the fixed maturity options,
particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix III at the end of this Prospectus provides an example
of how the market value adjustment is calculated.

ALLOCATING YOUR CONTRIBUTIONS

You may choose from among three ways to allocate your contributions under your
contract: self-directed, principal assurance (at contract issue only), or dollar
cost averaging. We allocate subsequent contributions according to instructions
on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an investment
advisory account, and AXA Equitable is not providing any investment advice or
managing the allocations under your contract. In the absence of a specific
written arrangement to the contrary, you, as the owner of the contract, have the
sole authority to make investment allocations and other decisions under the
contract. If your financial


                                              Contract features and benefits  25



professional is with AXA Advisors, he or she is acting as a broker-dealer
registered representative, and is not authorized to act as an investment advisor
or to manage the allocations under your contract. If your financial professional
is a registered representative with a broker-dealer other than AXA Advisors, you
should speak with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options and fixed maturity options. Allocations must be in whole
percentages and you may change your allocations at any time. However, the total
of your allocations must equal 100%. If the annuitant is age 76 or older, you
may allocate contributions to fixed maturity options if their maturities are
five years or less. Also, you may not allocate amounts to fixed maturity options
with maturity dates that are later than the February 14th immediately following
the date annuity payments are to begin.

PRINCIPAL ASSURANCE ALLOCATION


Principal assurance allocation is only available at contract issue. If you chose
this allocation program, you selected a fixed maturity option. We specified a
portion of your initial contribution and allocated it to that fixed maturity
option in an amount that will cause the maturity value to equal the amount of
your entire initial contribution on the fixed maturity option's maturity date.
The maturity date you selected generally could not be later than 10 years, or
earlier than 7 years from your contract date. If you were to make any
withdrawals or transfers from the fixed maturity option before the option's
maturity date, the amount in the fixed maturity option will be adjusted and may
no longer grow to equal your initial contribution under the principal assurance
allocation. Principal assurance was not available if none of those maturity
dates were available at the time your contract was issued. You allocated the
remainder of your initial contribution to the variable investment options
however you chose.

For example, if your initial contribution is $25,000, and on February 15, 2007
you chose the fixed maturity option with a maturity date of February 15, 2017
since the rate to maturity was 4.29% on February 15, 2007, we would have
allocated $16,420 to that fixed maturity option and the balance to your choice
of variable investment options. On the maturity date your value in the fixed
maturity option would be $25,000.


The principal assurance allocation was only available for annuitant ages 75 or
younger when the contract was issued. If you anticipated taking required minimum
distributions, you should have considered whether your values in the variable
investment options would be sufficient to meet your required minimum
distributions. See "Tax information" later in this Prospectus.

You could not have elected principal assurance if you participated in the 12
month dollar cost averaging program at application .

DOLLAR COST AVERAGING

We offer two dollar cost averaging programs. You may only participate in one
program at a time. Each program allows you to gradually transfer amounts from
the EQ/Money Market option to the other variable investment options by
periodically transferring approximately the same dollar amount to the other
variable investment options you select. This will cause you to purchase more
units if the unit value is low and fewer units if the unit value is high.
Therefore, you may get a lower average cost per unit over the long term. These
plans of investing, however, do not guarantee that you will earn a profit or be
protected against losses. You may not make transfers to the fixed maturity
options.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

12 MONTH DOLLAR COST AVERAGING PROGRAM. You may dollar cost average from the
EQ/Money Market option into any of the other variable investment options. You
may elect to participate in the 12 month dollar cost averaging program at any
time subject to the age limitation on contributions described in Section 1 of
this Prospectus. Contributions into the account for 12 month dollar cost
averaging may not be transfers from other investment options. You must have
allocated your entire initial contribution into the EQ/Money Market option if
you selected the 12 month dollar cost averaging program at application to
purchase an Accumulator(R) Select(SM) contract; thereafter your initial
allocation to any 12 month dollar cost averaging program time period must be at
least $2,000 and any subsequent contribution to that same time period must be at
least $250. You may only have one time period in effect at any time. We will
transfer your value in the EQ/Money Market option into the other variable
investment options that you select over the next 12 months or such other period
we may offer. Once the time period then in effect has run, you may then select
to participate in the dollar cost averaging program for an additional time
period. At that time, you may also select a different allocation for transfers
to the variable investment options, or, if you wish, we will continue to use the
selection that you have previously made.

Currently, the transfer date will be the same day of the month as the contract
date, but not later than the 28th. For a 12 month dollar cost averaging program
selected after application, the first transfer date and each subsequent transfer
date for the time period selected will be one month from the date the first
contribution is made into the 12 month dollar cost averaging program, but not
later than the 28th of the month. All amounts will be transferred out by the end
of the time period then in effect. Under this program we will not deduct the
mortality and expense risks, administrative and distribution charges from assets
in the EQ/Money Market option.

You may not transfer amounts to the EQ/Money Market option established for this
program that are not part of the 12 month dollar cost averaging program. The
only amounts that should be transferred from the EQ/Money Market option are your
regularly scheduled transfers to the other variable investment options. If you
request to transfer or withdraw any other amounts from the EQ/Money Market
option, we will transfer all of the value that you have remaining in the account
for 12 month dollar cost averaging to the investment options according to the
allocation percentages we have on file for you. You may ask us to cancel your
participation at any time.

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any

26  Contract features and benefits


time, to have a specified dollar amount or percentage of your value transferred
from that option to the other variable investment options. You can select to
have transfers made on a monthly, quarterly, or annual basis. The transfer date
will be the same calendar day of the month as the contract date, but not later
than the 28th day of the month. You can also specify the number of transfers or
instruct us to continue making the transfers until all amounts in the EQ/Money
Market option have been transferred out.

The minimum amount that we will transfer each time is $250. The maximum amount
we will transfer is equal to your value in the EQ/Money Market option at the
time the program is elected, divided by the number of transfers scheduled to be
made.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.
                       ----------------------------------

You may not elect general dollar cost averaging or 12 month dollar cost
averaging if you are participating in the rebalancing program. You may only
participate in one dollar cost averaging program at a time. See "Transferring
your money among investment options" later in this Prospectus. You could not
elect the 12 month dollar cost averaging program if you selected the principal
assurance program at application. Also, for information on how the dollar cost
averaging program you select may affect certain guaranteed benefits, see "Your
benefit base" below.


YOUR BENEFIT BASE

The benefit base is used to calculate the guaranteed minimum income benefit and
the 5% Roll-Up to age 80 guaranteed minimum death benefit. Your benefit base is
not an account value or a cash value. See "Our baseBUILDER option" and
"Guaranteed minimum death benefit" below. The benefit base is equal to:

o   your initial contribution and any additional contributions to the contract;
    plus

o   daily roll-up; less

o   a deduction that reflects any withdrawals you make. The amount of this
    deduction is described under "How withdrawals affect your guaranteed minimum
    income benefit and guaranteed minimum death benefit" in "Accessing your
    money" later in this Prospectus.

The effective annual roll-up rate credited to the benefit base is:


o   5% or 6%, depending on your contract issue date, for the benefit base with
    respect to the variable investment options (other than the Multimanager Core
    Bond, EQ/AllianceBernstein Intermediate Government Securities, EQ/Money
    Market, EQ/AllianceBernstein Quality Bond and EQ/Short Duration Bond
    options), and the 12 month dollar cost averaging program; and

o   3% for the benefit base with respect to the Multimanager Core Bond,
    EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
    EQ/AllianceBernstein Quality Bond and EQ/Short Duration Bond options, the
    fixed maturity options and the loan reserve account under Rollover TSA (if
    applicable).


The benefit base stops rolling up after the contract date anniversary following
the annuitant's 80th birthday.

ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the guaranteed minimum income benefit and annuity payout options.
The guaranteed minimum income benefit is discussed in "Our baseBUILDER option"
and annuity payout options are discussed in "Accessing your money" later in this
Prospectus. The guaranteed annuity purchase factors are those factors specified
in your contract. The current annuity purchase factors are any more favorable
factors that may be in effect at any given time. Annuity purchase factors are
based on interest rates, mortality tables, frequency of payments, the form of
annuity benefit and the annuitant's (and any joint annuitant's) age and sex in
certain instances.

OUR BASEBUILDER OPTION

The following section provides information about the baseBUILDER option, which
was only available at the time you purchased your contract.


The annuitant was age 20 through 75 at the time of contract issue. The
baseBUILDER option combines a guaranteed minimum income benefit with the
guaranteed minimum death benefit that was provided under your contract. If you
elected the baseBUILDER option at purchase, you pay an additional charge that is
described under "baseBUILDER benefit charge" in "Charges and expenses" later in
this Prospectus.


The guaranteed minimum income benefit component of the baseBUILDER option is
described below. Whether you elected the baseBUILDER option or not, the
guaranteed minimum death benefit was provided under the contract. The guaranteed
minimum death benefit is described under "Guaranteed minimum death benefit"
below in this section.

The guaranteed minimum income benefit guarantees you a minimum amount of
lifetime income under our Income Manager(SM) contract. Only a life with a period
certain Income Manager(SM) payout annuity contract is available. You choose
whether you want the option to be paid on a single or joint life basis at the
time you exercise the option. The maximum period certain available under the
Income Manager(SM) payout option is 10 years. This period may be shorter,
depending on the annuitant's age as follows:

- -----------------------------------------------
                 Level payments
- -----------------------------------------------
                         Period certain years
   Annuitant's Age    -------------------------
    at exercise            IRAs           NQ
- -----------------------------------------------
      60 to 75             10            10
         76                 9            10
         77                 8            10
         78                 7            10
         79                 7            10
         80                 7            10
- -----------------------------------------------


                                               Contract features and benefits 27


- -----------------------------------------------
                 Level payments
- -----------------------------------------------
                         Period certain years
   Annuitant's Age    -------------------------
    at exercise            IRAs           NQ
- -----------------------------------------------
      81                    7             9
      82                    7             8
      83                    7             7
- -----------------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The guaranteed minimum income benefit, which is also known as a living benefit,
should be regarded as a safety net only. It provides income protection if you
elect an income payout while the annuitant is alive.
- --------------------------------------------------------------------------------


When you exercise the guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your guaranteed minimum
income benefit which is calculated by applying your benefit base to guaranteed
annuity purchase factors, or (ii) the income provided by applying your actual
account value to our then current annuity purchase factors. For Rollover TSA
only, we will subtract from the benefit base or account value any outstanding
loan, including interest accrued but not paid. You may also elect to receive
monthly or quarterly payments as an alternative. The payments will be less than
1/12 or 1/4 of the annual payments respectively, due to the effect of interest
compounding. The benefit base is applied only to the baseBUILDER guaranteed
annuity purchase factors in your contract and not to any other guaranteed or
current annuity purchase rates. The amount of income you actually receive will
be determined when we receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of guaranteed
minimum income benefit" below.

The guaranteed minimum income benefit provides a form of insurance and is based
on conservative actuarial factors. The guaranteed annuity purchase factors we
use to determine your Income Manager(SM) benefit under baseBUILDER are more
conservative than the guaranteed annuity purchase factors we use for the Income
Manager(SM) payout annuity option. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the baseBUILDER
Income Manager(SM) will be smaller than each periodic payment under the Income
Manager(SM) payout annuity option. Therefore, even if your account value is less
than your benefit base, you may generate more income by applying your account
value to current annuity purchase factors. We will make this comparison for you
when the need arises.


ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. The table below illustrates
the guaranteed minimum income benefit amounts per $100,000 of initial
contribution, for a male annuitant age 60 (at issue) on the contract date
anniversaries indicated, who has elected the life annuity fixed payout option,
using the guaranteed annuity purchase factors as of the date of this Prospectus,
assuming no additional contributions, withdrawals or loans under Rollover TSA
contracts, and assuming there were no allocations to the Multimanager Core Bond,
EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/AllianceBernstein Quality Bond or EQ/Short Duration Bond options, the fixed
maturity options or the loan reserve account.


- -----------------------------------------------------
                             Guaranteed minimum income
      Contract date         benefit -- annual income
 anniversary at exercise        payable for life
- -----------------------------------------------------
            10                      $10,816
            15                      $16,132
- -----------------------------------------------------


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date anniversary
that you are eligible to exercise the guaranteed minimum income benefit, we will
send you an eligibility notice illustrating how much income could be provided as
of the contract date anniversary. You must notify us within 30 days following
the contract date anniversary if you want to exercise the guaranteed minimum
income benefit. You must return your contract to us, along with all required
information, within 30 days following your contract date anniversary, in order
to exercise this benefit. You will begin receiving annual payments one year
after the annuity payout contract is issued. If you choose monthly or quarterly
payments, you will receive your payment one month or one quarter after the
annuity payout contract is issued. Payments are made on the 15th of the month
and generally begin one payment made from issue. You may choose to take a
withdrawal prior to exercising the guaranteed minimum income benefit, which will
reduce your payments. You may not partially exercise this benefit. See
"Accessing your money" under "Withdrawing your account value" later in this
Prospectus. Payments end with the last payment before the annuitant's (or joint
annuitant's, if applicable) death.


You will be eligible to exercise the guaranteed minimum income benefit during
your life and the annuitant's life, as follows:

o    If the annuitant was at least age 20 and no older than age 44 when the
     contract was issued, you are eligible to exercise the guaranteed minimum
     income benefit within 30 days following each contract date anniversary
     beginning with the 15th contract date anniversary.

o    If the annuitant was at least age 45 and no older than age 53 when the
     contract was issued, you are eligible to exercise the guaranteed minimum
     income benefit within 30 days following each contract date anniversary
     after the annuitant is age 60.

o    If the annuitant was at least age 54 and no older than age 75 when the
     contract was issued, you are eligible to exercise the guaranteed minimum
     income benefit within 30 days following each contract date anniversary
     beginning with the 7th contract date anniversary.

Please note:

(i)  the latest date you may exercise the guaranteed minimum income benefit is
     the contract date anniversary following the annuitant's 83rd birthday; and

(ii) if the annuitant was age 75 when the contract was issued, the only time you
     may exercise the guaranteed minimum income

28  Contract features and benefits


      benefit is within 30 days following the first and second contract date
      anniversary that it becomes available;

(iii) if the annuitant was older than age 63 at the time an IRA, QP or Rollover
      TSA contract was issued, the baseBUILDER option may not be an appropriate
      feature because the minimum distributions required by tax law generally
      must begin before the guaranteed minimum income benefit can be exercised;

(iv)  for Accumulator(R) Select(SM) QP contracts, the Plan participant can
      exercise the baseBUILDER option only if he or she elects to take a
      distribution from the Plan and, in connection with this distribution, the
      Plan's trustee changes the ownership of the contract to the participant.
      This effects a rollover of the Accumulator(R) Select(SM) QP contract into
      an Accumulator(R) Select(SM) Rollover IRA. This process must be completed
      within the 30-day timeframe following the contract date anniversary in
      order for the Plan participant to be eligible to exercise;

(v)   for Accumulator(R) Select(SM) Rollover TSA contracts, you may exercise the
      baseBUILDER option only if you effect a rollover of the TSA contract to an
      Accumulator(R) Select(SM) Rollover IRA. This may only occur when you are
      eligible for a distribution from the TSA. This process must be completed
      within the 30-day timeframe following the contract date anniversary in
      order for you to be eligible to exercise;

(vi)  for a successor owner/annuitant, the earliest exercise date is based on
      the original contract issue date and the age of the successor
      owner/annuitant as of the Processing Date successor owner/annuitant takes
      effect; and

(vii) if you are the owner but not the annuitant and you die prior to exercise,
      then the following applies:


      o  A successor owner who is not the annuitant may not be able to exercise
         the baseBUILDER option without causing a tax problem. You should
         consider naming the annuitant as successor owner, or if you do not name
         a successor owner, as the sole primary beneficiary. You should
         carefully review your successor owner and/or beneficiary designations
         at least one year prior to the first contract date anniversary on which
         you could exercise the benefit.



      o  If the successor owner is the annuitant, the baseBUILDER option
         continues only if the benefit could be exercised under the rules
         described above on a contract date anniversary that is within one year
         following the owner's death. This would be the only opportunity for the
         successor owner to exercise. If the baseBUILDER option cannot be
         exercised within this timeframe, the benefit will terminate and the
         charge for it will no longer apply as of the date we receive proof of
         your death and any required information.


      o  If you designate your surviving spouse as successor owner, the
         baseBUILDER option continues and your surviving spouse may exercise the
         benefit according to the rules described above even if your spouse is
         not the annuitant and even if the benefit is exercised more than one
         year after your death. If your surviving spouse dies prior to exercise,
         the rule described in the previous bullet applies.

      o  A successor owner or beneficiary that is a trust or other non-o natural
         person may not exercise the benefit; in this case, the benefit will
         terminate and the charge for it will no longer apply as of the date we
         receive proof of your death and any required information.

See "When an NQ contract owner dies before the annuitant" under "Payment of
death benefit" later in this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract's
value" and "How withdrawals affect your guaranteed minimum income benefit and
guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT

A guaranteed minimum death benefit was provided as part of the baseBUILDER
benefit. A guaranteed minimum death benefit was also provided under your
contract even if you did not elect baseBUILDER. In this case, the baseBUILDER
benefit charge does not apply.

Guaranteed minimum death benefit applicable for annuitants who were ages 0
through 79 at issue of NQ contracts; 20 through 79 at issue of Rollover IRA,
Roth Conversion IRA and Rollover TSA contracts; and 20 through 75 at issue of QP
contracts.

You must have elected either the "5% Roll-Up to age 80" or the "annual ratchet
to age 80" guaranteed minimum death benefit when you applied for a contract.
Once you made your election, you cannot change it.

5% ROLL-UP TO AGE 80. The guaranteed minimum death benefit is equal to the
benefit base described earlier in "Your benefit base"

ANNUAL RATCHET TO AGE 80. On the contract date, your guaranteed minimum death
benefit equaled your initial contribution. Then, on each contract date
anniversary, we determine your guaranteed minimum death benefit by comparing
your current guaranteed minimum death benefit to your account value on that
contract date anniversary. If your account value is higher than your guaranteed
minimum death benefit, we will increase your guaranteed minimum death benefit to
equal your account value. On the other hand, if your account value on the
contract date anniversary is less than your guaranteed minimum death benefit, we
will not adjust your guaranteed minimum death benefit either up or down. If you
make additional contributions, we will increase your current guaranteed minimum
death benefit by the dollar amount of the contribution on the date the
contribution is allocated to your investment options.

If you take a withdrawal from your contract, we will reduce your guaranteed
minimum death benefit on the date you take the withdrawal. GUARANTEED MINIMUM
DEATH BENEFIT APPLICABLE FOR ANNUITANTS WHO WERE AGES 80 THROUGH 85 AT ISSUE OF
NQ, ROLLOVER IRA, ROTH CONVERSION IRA AND ROLLOVER TSA CONTRACTS.

On the contract date, your guaranteed minimum death benefit equaled your initial
contribution. Thereafter, it is increased by the dol-

                                              Contract features and benefits  29



lar amount of any additional contributions. We will reduce your guaranteed
minimum death benefit if you take any withdrawals.


Please see both "Insufficient account value" in "Determining your contract's
value" and "How withdrawals affect your guaranteed minimum income benefit and
guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus for more information on these guaranteed benefits.

See Appendix IV at the end of this Prospectus for an example of how we calculate
the guaranteed minimum death benefit.

Protection Plus(SM)

The following section provides information about the Protection Plus(SM) option,
which was only available at the time you purchased your contract. If Protection
Plus(SM) was not elected when the contract was first issued, neither the owner
nor the successor owner/annuitant can add it subsequently. Protection Plus(SM)
is an additional death benefit as described below. See the appropriate part of
"Tax information" later in this Prospectus for the potential tax consequences of
having purchased the Protection Plus(SM) feature in an NQ or IRA contract.

If the annuitant was 69 or younger when we issued your Contract (or if the
successor owner/annuitant is 69 or younger when he or she becomes the successor
owner/annuitant), the death benefit will be:

the greater of:

o   the account value or

o   any applicable guaranteed minimum death benefit

Increased by:

40% of the lesser of:

o   the total net contributions or

o   the death benefit less total net contributions

For purposes of calculating your Protection Plus(SM) benefit, the following
applies: (i) "Net contributions" are the total contributions made (or, if
applicable, the total amount that would otherwise have been paid as a death
benefit had the successor owner/annuitant election not been made plus any
subsequent contributions) reduced on a pro rata basis to reflect withdrawals
(including surrender charges and loans). Reduction on a pro rata basis means
that we calculate the percentage of the current account value that is being
withdrawn and we reduce net contributions by that percentage. For example, if
the account value is $30,000 and you withdraw $12,000, you have withdrawn 40% of
your account value. If contributions aggregated $40,000 before the withdrawal,
it would be reduced by $16,000 ($40,000 x .40) and net contributions after the
withdrawal would be $24,000 ($40,000-$16,000); (ii) "Death benefit" is equal to
the greater of the account value as of the date we receive satisfactory proof of
death or any applicable guaranteed minimum death benefit as of the date of
death.

If the annuitant was age 70 through 75 when we issued your contract (or if the
successor owner/annuitant was between the ages of 70 and 75 when he or she
becomes the successor owner/annuitant under a contract where Protection Plus(SM)
had been elected at issue), the death benefit will be:

the greater of:

o   the account value or

o   any applicable guaranteed minimum death benefit

Increased by:

25% of the lesser of:

o   the total net contributions (as described above) or

o   the death benefit (as described above) less total net contributions.


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

This is provided for informational purposes only. Since this contract is no
longer available to new purchasers, this cancellation provision is no longer
applicable.

If for any reason you are not satisfied with your contract, you may return it to
us for a refund of the full amount of your contribution. To exercise this
cancellation right you must mail the contract, with a signed letter of
instruction electing this right, to our processing office within 10 days after
you receive it. If state law requires, this "free look" period may be longer.

We may require that you wait six months before you may apply for a contract with
us again if:

o   you cancel your contract during the free look period; or

o   you change your mind before you receive your contract whether we have
    received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.


In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office, or your financial professional, can provide you with the
cancellation instructions.


30  Contract features and benefits


2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) market adjusted amounts in the fixed maturity options;
and (iii) the loan reserve account (applicable to Rollover TSA contracts only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less the amount
of any outstanding loan plus accrued interest (applicable to Rollover TSA
contracts only). Please see "Surrendering your contract to receive its cash
value" in "Accessing your money" later in this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal;

(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a Rollover TSA contract.

In addition, when we deduct the baseBUILDER benefit charge and/or the Protection
Plus(SM) benefit charge the number of units credited to your contract will be
reduced. A description of how unit values are calculated is found in the SAI.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date is
the market adjusted amount in each option. This is equivalent to your fixed
maturity amount increased or decreased by the market value adjustment. Your
value, therefore, may be higher or lower than your contributions (less
withdrawals) accumulated at the rate to maturity. At the maturity date, your
value in the fixed maturity option will equal its maturity value, provided there
have been no withdrawals or transfers.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is insufficient
to pay any applicable charges when due. Your account value could become
insufficient due to withdrawals and/or poor market performance. Upon such
termination, you will lose all of your rights under your contract and any
applicable guaranteed benefits.

                                           Determining your contract's value  31


3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer some
or all of your account value among the investment options, subject to the
following:

o   You may not transfer to a fixed maturity option that matures in the current
    calendar year or that has a rate to maturity of 3% or less.

o   You may not transfer any amount to the 12-month dollar cost averaging
    program.

o   If the annuitant is 76 or older, you must limit your transfers to fixed
    maturity options to those with maturities of five years or less. We will not
    accept allocations to a fixed maturity option if on the date the
    contribution or transfer is to be applied, the rate to maturity is 3%. Also,
    the maturity dates may be no later than the February 15th immediately
    following the date annuity payments are to begin.

o   If you make transfers out of a fixed maturity option other than at its
    maturity date the transfer may cause a market value adjustment.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentages of your current account value to be
    transferred, and

(3) the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios in
which the variable investment options invest. Disruptive transfer activity may
adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how portfolio
shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"). The trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the trust obtains from us contract owner trading activity. The trusts currently
consider transfers into and out of (or vice versa) the same variable investment
option within a five business day period as potentially disruptive transfer
activity. In most cases, each trust reserves the right to reject a transfer that
it believes, in its sole discretion, is disruptive (or potentially disruptive)
to the management of one of its portfolios. Please see the prospectuses for the
trusts for more information.

32  Transferring your money among investment options


When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive transfer
activity and that if such activity continues certain transfer privileges may be
eliminated. If and when the contract owner is identified a second time as
engaged in potentially disruptive transfer activity under the contract, we
currently prohibit the use of voice, fax and automated transaction services. We
currently apply such action for the remaining life of each affected contract. We
or a trust may change the definition of potentially disruptive transfer
activity, the monitoring procedures and thresholds, any notification procedures,
and the procedures to restrict this activity. Any new or revised policies and
procedures will apply to all contract owners uniformly. We do not permit
exceptions to our policies restricting disruptive transfer activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, neither trust had implemented such a fee. If a redemption fee is
implemented by a trust, that fee, like any other trust fee, will be borne by the
contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE


We currently offer a rebalancing program that you can use to automatically
reallocate your account value among the variable investment options. You must
tell us:


(a) the percentage you want invested in each variable investment option (whole
    percentages only), and

(b) how often you want the rebalancing to occur (quarterly, semiannually or
    annually on a contract year basis).

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

While your rebalancing program is in effect, we will transfer amounts among the
variable investment options so that the percentage of your account value that
you specify is invested in each option at the end of each rebalancing date. Your
entire account value in the variable investment options must be included in the
rebalancing program.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

You may elect the rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while the rebalancing program is in effect we will process the transfer
as requested; your rebalancing allocations will not be changed and the
rebalancing program will remain in effect unless you request that it be canceled
in writing.

You may not elect the rebalancing program if you are participating in the
general dollar cost averaging or 12 month dollar cost averaging program.
Rebalancing is not available for amounts you have allocated in the fixed
maturity options.

                            Transferring your money among investment options  33


4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table. If you request to withdraw more than 90% of
a contract's current cash value, we will treat it as a request to surrender the
contract for its cash value. See "Surrendering your contract to receive its cash
value" below. For the tax consequences of withdrawals, see "Tax information"
later in this Prospectus.

Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus and "How withdrawals affect your guaranteed minimum
income benefit and guaranteed minimum death benefit" below for more information
on how withdrawals affect your guaranteed benefits and could potentially cause
your contract to terminate.


- --------------------------------------------------------------------------
                                    Method of withdrawal
- --------------------------------------------------------------------------
                                                                 Lifetime
                                                                required
                                              Substantially     minimum
  Contract          Partial    Systematic        equal       distribution
- --------------------------------------------------------------------------
NQ                    Yes          Yes              No             No
- --------------------------------------------------------------------------
Rollover IRA          Yes          Yes             Yes            Yes
- --------------------------------------------------------------------------
Roth
 Conversion IRA       Yes          Yes             Yes             No
- --------------------------------------------------------------------------
QP*                   Yes           No              No            Yes
- --------------------------------------------------------------------------
Rollover TSA**        Yes          Yes              No            Yes
- --------------------------------------------------------------------------
*   All payments are made to the trust as owner of the contract.

**  For some Rollover TSA contracts, your ability to take withdrawals, loans or
    surrender your contract may be limited. You must provide withdrawal
    restriction information when you apply for a contract. See "Tax Sheltered
    Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Under Rollover TSA contracts, if a loan is outstanding, you may only take
partial withdrawals as long as the cash value remaining after any withdrawal
equals at least 10% of the outstanding loan plus accrued interest.

SYSTEMATIC WITHDRAWALS
(All contracts except QP contracts)


You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).

You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 1.2% monthly, 3.6% quarterly and 15.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would be
less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, the amount or the percentage of your
systematic withdrawals, once each contract year. However, you may not change the
amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any time.


SUBSTANTIALLY EQUAL WITHDRAWALS
(All IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of meeting
this exception. After consultation with your tax adviser, you may decide to use
another method which would require you to compute amounts yourself and request
partial withdrawals. Once you begin to take substantially equal withdrawals, you
should not stop them or change the pattern of your withdrawals until after the
later of age 59-1/2 or five full years after the first withdrawal. If you stop
or change the withdrawals or take a partial withdrawal, you may be liable for
the 10% federal tax penalty that would have otherwise been due on prior
withdrawals made under this option and for any interest on the delayed payment
of the penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal withdrawals
using the IRS-approved method we offer. The payments will be made monthly,
quarterly or annually as you select. These payments will continue until


34  Accessing your money



we receive written notice from you to cancel this option or you take a partial
withdrawal. You may elect to start receiving substantially equal withdrawals
again, but the payments may not restart in the same contract year in which you
took a lump sum withdrawal. We will calculate the new withdrawal amount.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, QP and Rollover TSA contracts only -- See "Tax information"
later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help you
meet lifetime required minimum distributions under federal income tax rules.
This is not the exclusive way for you to meet these rules. After consultation
with your tax adviser, you may decide to compute required minimum distributions
yourself and request partial withdrawals. Before electing this account based
withdrawal option, you should consider whether annuitization might be better in
your situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or the baseBUILDER option, amounts withdrawn
from the contract to meet RMDs will reduce the benefit base and may limit the
utility of the benefit. Also, the actuarial present value of additional contract
benefits must be added to the account value in calculating required minimum
distribution withdrawals from annuity contracts funding qualified plans, TSAs
and IRAs, which could increase the amount required to be withdrawn. Please refer
to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

Under Rollover TSA contracts, you may not elect minimum distribution withdrawals
if a loan is outstanding.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options. If there is
insufficient value or no value in the variable investment options, any
additional amount of the withdrawal required or the total amount of the
withdrawal will be withdrawn from the fixed maturity options in order of the
earliest maturity date(s) first. A market value adjustment may apply to
withdrawals from the fixed maturity options. If those amounts are insufficient,
we will deduct all or a portion of the charge from amounts in the 12 month
dollar cost averaging program.

HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT AND GUARANTEED
MINIMUM DEATH BENEFIT

Withdrawals will reduce your guaranteed benefits on either a dollar-for-dollar
basis or on a pro rata basis as explained below:

INCOME BENEFIT AND DEATH BENEFIT

5% ROLL-UP TO AGE 80 -- If you elected the 5% Roll-Up to age 80 guaranteed
minimum death benefit, your benefit base will be reduced on a dollar-for-dollar
basis as long as the sum of your withdrawals in a contract year is 5% or less of
the benefit base on the most recent contract date anniversary. Once you take a
withdrawal that causes the sum of your withdrawals in a contract year to exceed
5% of the benefit base on the most recent contract date anniversary, that
withdrawal and any subsequent withdrawals in that same contract year will reduce
your benefit base on a pro rata basis. Additional contributions made during the
contract year do not affect the amount of withdrawals that can be taken on a
dollar-for-dollar basis in that contract year.

The timing of your withdrawals and whether they exceed the 5% threshold
described above can have significant impact on your guaranteed minimum income
benefit or guaranteed minimum death benefit.

ANNUAL RATCHET TO AGE 80 -- If you elected the annual ratchet to age 80
guaranteed minimum death benefit, each withdrawal will reduce both your income
and death benefit on a pro rata basis.


ANNUITANT ISSUE AGES 80 THROUGH 85 -- If your contract was issued when the
annuitant was between ages 80 and 85, each withdrawal will always reduce your
current guaranteed minimum death benefit on a pro rata basis.


Reduction on a dollar-for-dollar basis means that your current benefit will be
reduced by the dollar amount of the withdrawal. Reduction on a pro rata basis
means that we calculate the percentage of your current account value that is
being withdrawn and we reduce your current benefit by that same percentage. For
example, if your account value is $30,000 and you withdraw $12,000, you have
withdrawn 40% of your account value. If your guaranteed minimum death benefit
was $40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 x
..40) and your new guaranteed minimum death benefit after the withdrawal would be
$24,000 ($40,000 - $16,000).

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you may
only take a loan with the written consent of your spouse. Your contract contains
further details of the loan provision. Also, see "Tax information" later in this
Prospectus for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum loan
amount is $1,000. The maximum amount is $50,000

                                                        Accessing your money  35


or, if less, 50% of your account value, subject to any limits under the federal
income tax rules. The term of a loan is five years. However, if you use the loan
to acquire your primary residence, the term is 10 years. The term may not extend
beyond the earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan, including any
    accrued but unpaid loan interest, will be deducted from the death benefit
    amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.

LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options. If there is insufficient value or no value in the variable
investment options, any additional amount of the loan will be subtracted from
the fixed maturity options in order of the earliest maturity date(s) first. A
market value adjustment may apply.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan repayment,
unless you specify otherwise, we will transfer the dollar amount of the loan
repaid from the loan reserve account to the investment options according to the
allocation percentages we have on our records.

The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while the
annuitant is living and before you begin to receive annuity payments. (Rollover
TSA contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We will
determine your cash value on the date we receive the required information. All
benefits under the contract will terminate as of that date.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below. For
the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you withdraw
and, upon surrender, payment of the cash value. We may postpone such payments or
applying proceeds for any period during which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.

We can defer payment of any portion of your value in the fixed maturity options
(other than for death benefits) for up to six months while you are living. We
also may defer payments for a reasonable amount of time (not to exceed 10 days)
while we are waiting for a contribution check to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery service at your expense.

YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Select (SM) provide for
conversion to payout status at or before the contract's "maturity date." This is
called annuitization. When your contract is annuitized, your Accumulator(R)
Select (SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Select(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may exercise
your benefit in accordance with its terms.


Your Accumulator(R) Select (SM) contract guarantees that upon annuitization,
your annuity account value will be applied to a guaranteed annuity purchase
factor for a life annuity payout option. In addition, you may apply your account
value or cash value, whichever is applicable, to any other annuity payout option
that we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments, which can be either level or increasing, and others enable you to
receive variable annuity payments.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the annuitant's age when
the contract was issued. In addition, if you are exercising your guaranteed
minimum income benefit under baseBUILDER, your choice of payout options are
those that are available under baseBUILDER (see "Our baseBUILDER option" in
"Contract features and benefits" earlier in this Prospectus).

36  Accessing your money


- --------------------------------------------------------------------------------
Fixed annuity payout options          Life annuity
                                      Life annuity with period certain
                                      Life annuity with refund certain
                                      Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity            Life annuity
   payout options                     Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options     Life annuity with period certain
   (available for annuitants age 83   Period certain annuity
   or less at contract issue)
- --------------------------------------------------------------------------------

o   Life annuity: An annuity that guarantees payments for the rest of the
    annuitant's life. Payments end with the last monthly payment before the
    annuitant's death. Because there is no continuation of benefits following
    the annuitant's death with this payout option, it provides the highest
    monthly payment of any of the life annuity options, so long as the annuitant
    is living.

o   Life annuity with period certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the end of a
    selected period of time ("period certain"), payments continue to the
    beneficiary for the balance of the period certain. The period certain cannot
    extend beyond the annuitant's life expectancy. A life annuity with a period
    certain is the form of annuity under the contracts that you will receive if
    you do not elect a different payout option. In this case, the period certain
    will be based on the annuitant's age and will not exceed 10 years.

o   Life annuity with refund certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the amount
    applied to purchase the annuity option has been recovered, payments to the
    beneficiary will continue until that amount has been recovered. This payout
    option is available only as a fixed annuity.

o   Period certain annuity: An annuity that guarantees payments for a specific
    period of time, usually 5, 10, 15 or 20 years. This guaranteed period may
    not exceed the annuitant's life expectancy. This option does not guarantee
    payments for the rest of the annuitant's life. It does not permit any
    repayment of the unpaid principal, so you cannot elect to receive part of
    the payments as a single sum payment with the rest paid in monthly annuity
    payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain and life annuity with refund
certain payout options are available on a single life or joint and survivor life
basis. The joint and survivor life annuity guarantees payments for the rest of
the annuitant's life and, after the annuitant's death, payments continue to the
survivor. We may offer other payout options not outlined here. Your financial
professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust and
EQ Advisors Trust. The contract also offers a fixed income annuity payout option
that can be elected in combination with the variable annuity payout option. The
amount of each variable income annuity payment will fluctuate, depending upon
the performance of the variable investment options, and whether the actual rate
of investment return is higher or lower than an assumed base rate.

INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Income Manager(SM) NQ and IRA payout options provide guaranteed level payments.
The Income Manager(SM) (life annuity with period certain) also provides
guaranteed increasing payments (NQ contracts only).


For QP and Rollover TSA contracts, if you want to elect an Income Manager(SM)
payout option, we will first roll over amounts in such contract to a Rollover
IRA contract with the plan participant as owner. You must be eligible for a
distribution under the QP or Rollover TSA contract.


You may choose to apply the account value of your Accumulator(R) Select(SM)
contract to an Income Manager(SM) payout annuity.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Living Benefit option, different payout options may apply as well as
other various differences. See "Our baseBUILDER option" in "Contract features
and benefits" earlier in this Prospectus, as well as the Income Manager(SM)
prospectus.

THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION


The amount applied to purchase an annuity payout option varies, depending on the
payout option that you choose. If amounts in a fixed maturity option are used to
purchase any annuity payout option prior to the maturity date, a market value
adjustment will apply.


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We

                                                        Accessing your money  37


require you to return your contract before annuity payments begin. The contract
owner and annuitant must meet the issue age and payment requirements.

You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) Select(SM) contract date. Except with
respect to the Income Manager(SM) annuity payout options, where payments are
made on the 15th day of each month, you can change the date your annuity
payments are to begin anytime before that date as long as you do not choose a
date later than the 28th day of any month.


The amount of the annuity payments will depend on the amount applied to purchase
the annuity and the applicable annuity purchase factors, discussed earlier. The
amount of each annuity payment will be less with a greater frequency of payments
or with a longer duration of a non-life contingent annuity or a longer certain
period of a life contingent annuity. Once elected, the frequency with which you
receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less than
$2,000 or the initial payment under the form elected is less than $20 monthly,
we reserve the right to pay the account value in a single sum rather than as
payments under the payout option chosen.

If you select an annuity payout option and payments have begun, no change can be
made other than: (i) transfers (if permitted in the future) among the variable
investment options if a Variable Immediate Annuity payout option is selected;
and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.

ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is generally the
contract date anniversary that follows the annuitant's 90th birthday. We will
send a notice with the annual statement one year prior to the maturity age.


38  Accessing your money


5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o   A mortality and expense risks charge

o   An administrative charge

o   A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o   A charge for baseBUILDER, if you elect this optional benefit.

o   A charge for Protection Plus(SM), if you elect this optional benefit.

o   At the time annuity payments are to begin -- charges designed to approximate
    certain taxes that may be imposed on us, such as premium taxes in your
    state. An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

To help with your retirement planning, we may offer other annuities with
different charges, benefits and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net assets
in each variable investment option to compensate us for mortality and expense
risks, including the guaranteed minimum death benefit. The daily charge is
equivalent to an annual rate of 1.10% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that the
mortality assumptions reflected in our guaranteed annuity payment tables, shown
in each contract, will differ from actual mortality experience. Lastly, we
assume a mortality risk to the extent that at the time of death, the guaranteed
minimum death benefit exceeds the cash value of the contract. The expense risk
we assume is the risk that it will cost us more to issue and administer the
contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.25% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.25%
of the net assets in each variable investment option.


BASEBUILDER BENEFIT CHARGE

If you elected the baseBUILDER, we deduct a charge annually from your account
value on each contract date anniversary until such time as you exercise the
guaranteed minimum income benefit, elect another annuity payout option, or the
contract date anniversary after the annuitant reaches age 83, whichever occurs
first. The charge is equal to 0.30% of the benefit base in effect on the
contract date anniversary.

We will deduct this charge from your value in the variable investment options on
a pro rata basis. If there is not enough value in the variable investment
options, we will deduct all or a portion of the charge first, from the fixed
maturity options, in order of the earliest maturity date(s) first. A market
value adjustment may apply.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits.
Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus.

PROTECTION PLUS(SM) CHARGE

If you elected Protection Plus(SM), we deduct a charge annually from your
account value on each contract date anniversary for which it is in effect. The
charge is equal to 0.20% of the account value on each contract date anniversary.
We will deduct this charge from your value in the variable investment option on
a pro rata basis. If there is not enough value in the variable investment
options, we will deduct all or a portion of the charge first, from the fixed
maturity options, in the order of the earliest maturity date(s) first. A market
value adjustment may apply.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits.
Please see "Insufficient account value" in "Determining your contract's value"
earlier in this Prospectus.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.

                                                        Charges and expenses  39


VARIABLE IMMEDIATE ANNUITY ANNUITIZATION PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity annuitization payout option. This option may not be available
at the time you elect to annuitize or it may have a different charge.

CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o   Management fees ranging from 0.05% to 1.20%.


o   12b-1 fees of 0.25%.

o   Operating expenses, such as trustees' fees, independent public accounting
    firm's fees, legal counsel fees, administrative service fees, custodian fees
    and liability insurance.

o   Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees and
expenses, including management fees, operating expenses, and investment related
expenses such as brokerage commissions. For more information about these
charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the mortality and
expense risks charge or change the minimum initial contribution requirements. We
also may change the guaranteed minimum income benefit and the guaranteed minimum
death benefit or offer variable investment options that invest in shares of
either Trust that are not subject to the 12b-1 fee. Group arrangements include
those in which a trustee or an employer, for example, purchases contracts
covering a group of individuals on a group basis. Group arrangements are not
available for Rollover IRA and Roth Conversion IRA contracts. Sponsored
arrangements include those in which an employer allows us to sell contracts to
its employees or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts or
that have been in existence less than six months will not qualify for reduced
charges.

We also may establish different rates to maturity for the fixed maturity options
under different classes of contracts for group or sponsored arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA, or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees and others purchasing or making contracts available for purchase under
such programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that result
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

40  Charges and expenses


6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designated your beneficiary when you applied for your contract. You may
change your beneficiary at any time. The change will be effective as of the date
the written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract. In a
QP contract, the beneficiary must be the trustee. Where an NQ contract is owned
for the benefit of a minor pursuant to the Uniform Gift to Minors Act or the
Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
guaranteed minimum death benefit. The guaranteed minimum death benefit is part
of your contract, whether you select the baseBUILDER benefit or not. We
determine the amount of the death benefit (other than the guaranteed minimum
death benefit) and any amount applicable under the Protection Plus(SM) feature,
as of the date we receive satisfactory proof of the annuitant's death, any
required instructions for the method of payment, forms necessary to effect
payment and any other information we may require. The amount of the guaranteed
minimum death benefit will be the guaranteed minimum death benefit as of the
date of the annuitant's death, adjusted for any subsequent withdrawals. For
Rollover TSA contracts with outstanding loans, we will reduce the amount of the
death benefit by the amount of the outstanding loan, including any accrued but
unpaid interest.


Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the death
benefit amount begins within one year following the date of death, which payment
may not occur if the beneficiary has failed to provide all required information
before the end of that period, (ii) we will not apply the predetermined death
benefit payout election if doing so would violate any federal income tax rules
or any other applicable law, and (iii) a beneficiary or a successor owner who
continues the contract under one of the continuation options described below
will have the right to change your annuity payout election.

EFFECT OF THE ANNUITANT'S DEATH

If the annuitant dies before the annuity payments begin, we will pay the death
benefit to your beneficiary.

Generally, the death of the annuitant terminates the contract. However, a
surviving spouse of the deceased owner/annuitant can choose to be treated as the
successor owner/annuitant and continue the contract. Only a spouse who is the
sole primary beneficiary can be a successor owner/annuitant. The successor
owner/annuitant feature is only available under NQ and individually owned IRA
contracts.

For individually owned IRA contracts, a beneficiary may be able to have limited
ownership as discussed under "Beneficiary continuation option" below.

WHEN AN NQ CONTRACT OWNER DIES BEFORE THE ANNUITANT

Under certain conditions the owner changes after the original owner's death for
purposes of receiving federal tax law required distributions from the contract.
When you are not the annuitant under an NQ contract and you die before annuity
payments begin, unless you specify otherwise, the beneficiary named to receive
this death benefit upon the annuitant's death will become the successor owner.
If you do not want this beneficiary to be the successor owner, you should name a
specific successor owner. You may name a successor owner at any time during your
life by sending satisfactory notice to our processing office. If the contract is
jointly owned and the first owner to die is not the annuitant, the surviving
owner becomes the sole contract owner. This person will be considered the
successor owner for purposes of the distribution rules described in this
section. The surviving owner automatically takes the place of any other
beneficiary designation.

You should carefully consider the following if you have elected the guaranteed
minimum income benefit and you are the owner but not the annuitant. Because the
payments under the guaranteed minimum income benefit are based on the life of
the annuitant, and the federal tax law required distributions described below
are based on the life of the successor owner, a successor owner who is not also
the annuitant may not be able to exercise the guaranteed minimum income benefit,
if you die before annuity payments begin. Therefore, one year before you become
eligible to exercise the guaranteed minimum income benefit, you should consider
the effect of your beneficiary designations on potential payments after your
death. For more information, see "Exercise of guaranteed minimum income
benefit," under "Our baseBUILDER option," in "Contract features and benefits"
earlier in this Prospectus.

Unless the surviving spouse of the owner who has died (or in the case of a joint
ownership situation, the surviving spouse of the first owner to die) is the
successor owner for this purpose, the entire interest in the contract must be
distributed under the following rules:

o   The cash value of the contract must be fully paid to the successor owner
    (new owner) within five years after your death (or in a joint ownership
    situation, the death of the first owner to die).

o   The successor owner may instead elect to receive the cash value as a life
    annuity (or payments for a period certain of not longer than the successor
    owner's life expectancy). Payments must begin within

                                                    Payment of death benefit  41


    one year after the non-annuitant owner's death. Unless this alternative is
    elected, we will pay any cash value five years after your death (or the
    death of the first owner to die).

o   A successor owner should name a new beneficiary.

If the surviving spouse is the successor owner or joint owner, the spouse may
elect to continue the contract. No distributions are required as long as the
surviving spouse and annuitant are living.

HOW DEATH BENEFIT PAYMENT IS MADE

We will pay the death benefit to the beneficiary in the form of the annuity
payout option you have chosen. If you have not chosen an annuity payout option
as of the time of the annuitant's death, the beneficiary will receive the death
benefit in a single sum. However, subject to any exceptions in the contract, our
rules and any applicable requirements under federal income tax rules, the
beneficiary may elect to apply the death benefit to one or more annuity payout
options we offer at the time. See "Your annuity payout options" in "Accessing
your money" earlier in this Prospectus. Please note that any annuity payout
option chosen may not extend beyond the life expectancy of the beneficiary.

SUCCESSOR OWNER AND ANNUITANT

If you are both the contract owner and the annuitant, and your spouse is the
sole primary beneficiary or the joint owner, then your spouse may elect to
receive the death benefit or continue the contract as successor owner/annuitant.

If your surviving spouse decides to continue the contract, then as of the date
we receive satisfactory proof of your death, any required instructions,
information and forms necessary to effect the successor owner/annuitant feature,
we will increase the account value to equal your guaranteed minimum death
benefit as of the date of your death if such death benefit is greater than such
account value, plus any amount applicable under the Protection Plus(SM) feature
and adjusted for any subsequent withdrawals. The increase in the account value
will be allocated to the investment options according to the allocation
percentages we have on file for your contract. In determining whether the
guaranteed minimum death benefit will continue to grow, we will use your
surviving spouse's age (as of the date we receive satisfactory proof of your
death, any required instructions and the information and forms necessary to
effect the successor owner/annuitant feature).

Where an IRA contract is owned in a custodial individual retirement account, and
your spouse is the sole beneficiary of the account, the custodian may request
that the spouse be substituted as annuitant after your death.

BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, upon the contract owner's death,
to maintain the contract in the deceased contract owner's name and receive
distributions under the contract instead of receiving the death benefit in a
lump sum.

Where an IRA contract is owned in a custodial individual retirement account, the
custodian may reinvest the death benefit in an individual retirement annuity
contract, using the account beneficiary as the annuitant. Please speak with your
financial professional for further information.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS ONLY.
The beneficiary continuation option must be elected by September 30th of the
year following the calendar year of your death and before any other inconsistent
election is made. Beneficiaries who do not make a timely election will not be
eligible for this option. If the election is made, then, as of the date we
receive satisfactory proof of death, any required instructions, information and
forms necessary to effect the beneficiary continuation option feature, we will
increase the account value to equal the applicable death benefit if such death
benefit is greater than such account value plus any amount applicable under the
Protection Plus(SM) feature, adjusted for any subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later than
December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs')," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under Roth
IRA contracts. If the beneficiary chooses this option, the beneficiary may take
withdrawals as desired, but the entire account value must be fully withdrawn by
December 31st of the calendar year which contains the fifth anniversary of your
death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o   The contract continues in your name for the benefit of your ben eficiary.

o   This feature is only available if the beneficiary is an individual. Certain
    trusts with only individual beneficiaries will be treated as individuals for
    this purpose.

o   If there is more than one beneficiary, each beneficiary's share will be
    separately accounted for. It will be distributed over the beneficiary's own
    life expectancy, if payments over life expectancy are chosen.

o   The minimum amount that is required in order to elect the ben eficiary
    continuation option is $5,000 for each beneficiary.

o   The beneficiary may make transfers among the investment options but no
    additional contributions will be permitted.

o   If you had elected the guaranteed minimum income benefit or Protection
    Plus(SM) feature under the contract, they will no longer be in effect and
    charges for such benefits will stop. Also, any guaranteed minimum death
    benefit feature will no longer be in effect.

42  Payment of death benefit


o   The beneficiary may choose at any time to withdraw all or a poro tion of the
    account value.

o   Any partial withdrawal must be at least $300.

o   Your beneficiary will have the right to name a beneficiary to receive any
    remaining interest in the contract.

o   Upon the death of your beneficiary, the beneficiary he or she has named has
    the option to either continue taking required minimum distributions based on
    the remaining life expectancy of the deceased beneficiary or to receive any
    remaining interest in the contract in a lump sum. The option elected will be
    processed when we receive satisfactory proof of death, any required
    instructions for the method of payment and any required information and
    forms necessary to effect payment.

                                                    Payment of death benefit  43


7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Select(SM) contracts owned by United
States individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA, QP or TSA. Therefore, we
discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change without
notice. We cannot predict whether, when or how these rules could change. Any
change could affect contracts purchased before the change. Congress may also
consider proposals in the future to comprehensively reform or overhaul the
United States tax and retirement systems, which if enacted, could affect the tax
benefits of a contract. We cannot predict what, if any, legislation will
actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state income
and other state taxes, federal income tax and withholding rules for non-U.S.
taxpayers or federal gift and estate taxes. Transfers of the contract, rights or
values under the contract, or payments under the contract, for example, the
amounts due to beneficiaries, may be subject to federal or state gift, estate,
or inheritance taxes. You should not rely only on this document, but should
consult your tax adviser before your purchase.


CONTRACTS THAT FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b) Arrangements
("TSAs"), respectively: an IRA or 403(b) annuity contract such as this one, or
an IRA or 403(b)(7) custodial or other qualified account. Annuity contracts can
also be purchased in connection with retirement plans qualified under Code
Section 401 ("QP contracts"). How these arrangements work, including special
rules applicable to each, are described in the specific sections for each type
of arrangement, below. You should be aware that the funding vehicle for a
qualified arrangement does not provide any tax deferral benefit beyond that
already provided by the Code for all permissible funding vehicles. Therefore,
you should consider the annuity's features and benefits, such as Accumulator(R)
Select(SM) 12 Month Dollar Cost Averaging, choice of death benefits, baseBUILDER
guaranteed minimum income benefit, selection of variable investment options and
fixed maturity options and its choices of payout options, as well as the
features and benefits of other permissible funding vehicles and the relative
costs of annuities and other arrangements. You should be aware that cost may
vary depending on the features and benefits made available and the charges and
expenses of the investment options or funds that you elect.


Beginning 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to, the
guaranteed minimum income benefit and enhanced death benefits. You should
consider the potential implication of these Regulations before you make
additional contributions or decide how to take required minimum distribution
payments. See also Appendix II at the end of this Prospectus for a discussion of
QP contracts.

TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable even without a distribution:

o   if a contract fails investment diversification requirements as specified in
    federal income tax rules (these rules are based on or are similar to those
    specified for mutual funds under the securities laws);

o   if you transfer a contract, for example, as a gift to someone other than
    your spouse (or former spouse);

o   if you use a contract as security for a loan (in this case, the amount
    pledged will be treated as a distribution); and

o   if the owner is other than an individual (such as a corporation,
    partnership, trust or other non-natural person). This provision does not
    apply to a trust which is a mere agent or nominee for an individual, such as
    a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

44  Tax information


ANNUITY PAYMENTS

Once annuity payments begin, a portion of each payment is taxable as ordinary
income. You get back the remaining portion without paying taxes on it. This is
your "investment in the contract." Generally, your investment in the contract
equals the contributions you made, less any amounts you previously withdrew that
were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any unrecovered
investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the contract.
If you withdraw an amount which is more than the earnings in the contract as of
the date of the withdrawal, the balance of the distribution is treated as a
return of your investment in the contract and is not taxable.

PROTECTION PLUS(SM) FEATURE

In order to enhance the amount of the death benefit to be paid at the
annuitant's death, you may have purchased a Protection Plus(SM) rider for your
NQ contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it is
possible that the IRS could take a contrary position or assert that the
Protection Plus(SM) rider is not part of the contract. In such a case the
charges for the Protection Plus(SM) rider could be treated for federal income
tax purposes as a partial withdrawal from the contract. If this were so, such a
deemed withdrawal could be taxable and, for contract owners under age 59-1/2,
also subject to a tax penalty. Were the IRS to take this position, AXA Equitable
would take all reasonable steps to attempt to avoid this result, which would
include amending the contract (with appropriate notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

The following information applies if you purchased your NQ contract through an
exchange of another contract. Normally, exchanges of contracts are taxable
events. The exchange was not taxable under Section 1035 of the Internal Revenue
Code if:

o   the contract that was the source of the funds you used to purchase the NQ
    contract was another nonqualified deferred annuity contract (or life
    insurance or endowment contract).

o   The owner and the annuitant were the same under the source contract and the
    Accumulator(R) Select(SM) NQ contract. If you used a life insurance or
    endowment contract the owner and the insured must have been the same on both
    sides of the exchange transaction.


Section 1035 exchanges are generally not available after the death of the owner
(or the annuitant in a non-natural owner contract).


The tax basis, also referred to as your investment in the contract, of the
source contract carried over to the Accumulator(R) Select(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between carriers and provision of cost basis information may be required to
process this type of an exchange.

SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as ordinary
income (not capital gain) to the extent it exceeds your investment in the
contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH

For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax. Some
of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   in the form of substantially equal periodic annuity payments for your life
    (or life expectancy), or the joint lives (or joint life expectancy) of you
    and a beneficiary, in accordance with IRS formulas.

INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as the
owner (for tax purposes) of the assets of Separate Accounts 45 and 49. If you
were treated as the owner, you would be taxable on income and gains attributable
to the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Accounts 45 and 49. The IRS has said that the owners of variable annuities will
not be treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and must
have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Accounts 45 and 49, there are some issues
that remain unclear. For example, the IRS has not issued any guidance as to
whether having a larger number of portfolios available, or an unlimited right to
transfer among them, could

                                                             Tax information  45


cause you to be treated as the owner. We do not know whether the IRS will ever
provide such guidance or whether such guidance, if unfavorable, would apply
retroactively to your contract. Furthermore, the IRS could reverse its current
guidance at any time. We reserve the right to modify your contract as necessary
to prevent you from being treated as the owner of the assets of Separate
Accounts 45 and 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from NQ
contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for U.S.
tax paid. Depending on your personal situation and the timing of the different
tax liabilities, you may not be able to take full advantage of this credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types of
such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds the
assets for the benefit of the IRA owner. The assets funding the account
typically include mutual funds and/or individual stocks and/or securities in a
custodial account and bank certificates of deposit in a trusteed account . In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o   Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs
    and SIMPLE IRAs issued and funded in connection with employer-sponsored
    retirement plans; and

o   Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required to
combine IRA values or contributions for tax purposes. For further information
about individual retirement arrangements, you can read Internal Revenue Service
Publication 590 ("Individual Retirement Arrangements (IRAs)"). This publication
is usually updated annually, and can be obtained from any IRS district office or
the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may have
purchased the contract as either a traditional IRA ("Rollover IRA") or Roth IRA
("Roth Conversion IRA"). The first part of this section covers some of the
special tax rules that apply to traditional IRAs. The next part of this section
covers Roth IRAs. The disclosure generally assumes direct ownership of the
individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.


We have received an opinion letter from the IRS approving the respective forms
of the Accumulator(R) Select(SM)traditional and Roth IRA contracts for use as a
traditional IRA and a Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) Select(SM) traditional and Roth IRA contracts.


PROTECTION PLUS(SM) FEATURE

The Protection Plus(SM) feature was offered for IRA contracts, subject to state
and contract availability. We have received IRS opinion letters that the
contract with a Protection Plus(SM) feature qualifies as to form for use as a
traditional IRA and Roth IRA, respectively. This IRS approval is a determination
only as to the form of the annuity. It does not represent a determination of the
merits of the annuity as an investment. The contracts submitted for IRS approval
do not include every feature possibly available under the Accumulator(R)
Select(SM) traditional and Roth IRA contracts. You should consult with your tax
adviser for further information.

Your right to cancel within a certain number of days

This is provided for informational purposes only. Since this contract is no
longer available to new purchasers, this cancellation provision is no longer
applicable. You can cancel any version of the Accumulator(R) Select(SM) IRA
contract (traditional IRA or Roth IRA) by following the directions in "Your
right to cancel within a certain number of days" under "Contract features and
benefits" earlier in this Prospectus. If you cancel a traditional IRA or Roth
IRA contract, we may have to withhold tax, and we must report the transaction to
the IRS. A contract cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Contributions to traditional IRAs. Individuals may make three different types of
contributions to purchase a traditional IRA or as subsequent contributions to an
existing IRA:

o   "regular" contributions out of earned income or compensation; or

o   tax-free "rollover" contributions; or

o   direct custodian-to-custodian transfers from other traditional IRAs ("direct
    transfers").

Regular contribution to traditional IRAs

Limits on contributions. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable year.
The maximum regular contribution amount depends on age, earnings, and year,
among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs

46  Tax information



(including Roth IRAs) for 2007. For 2008, the amount is $5,000. When your
earnings are below $4,000, your earned income or compensation for the year is
the most you can contribute. This limit does not apply to rollover contributions
or direct custodian-to-custodian transfers into a traditional IRA. You cannot
make regular traditional IRA contributions for the tax year in which you reach
age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch-up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation, or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008 the amount is $10,000. Any contributions to Roth IRAs reduce the ability to
contribute to traditional IRAs and vice versa. The maximum amount may be less if
earned income is less and the other spouse has made IRA contributions. No more
than a combined total of $4,000 can be contributed annually to either spouse's
traditional and Roth IRAs. Each spouse owns his or her traditional IRAs and Roth
IRAs even if the other spouse funded the contributions. A working spouse age
70-1/2 or over can contribute up to the lesser of $4,000 or 100% of "earned
income" to a traditional IRA for a nonworking spouse until the year in which the
nonworking spouse reaches age 70-1/2. Catch-up contributions may be made as
described above for spouses who are at least age 50 but under age 70-1/2 at any
time during the taxable year for which the contribution is made.


Deductibility of contributions. The amount of traditional IRA contributions that
you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored, tax-favored retirement plan, as defined under special
federal income tax rules. Your Form W-2 will indicate whether or not you are
covered by such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you can
make fully deductible contributions to your traditional IRAs for the taxable
year up to the maximum amount discussed earlier in this section under "Limits on
contributions". That is, for 2007, your fully deductible contribution can be up
to $4,000 ($5,000 for 2008), or if less, your earned income. The dollar limit is
$5,000 for people eligible to make age 50-70-1/2 catch-up contributions for 2007
($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct any
of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible contributions
beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000 (for 2007, AGI between $52,000 and $62,000 after
adjustment)..

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000 (for 2007, AGI
between $83,000 and $103,000 after adjustment).

Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional IRA
contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI between
$150,000 and $160,000 (for 2007, AGI between $156,000 and $166,000 after
adjustment).


To determine the deductible amount of the contribution for 2007 for example, you
determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

 ($10,000-excess AGI)     times     the maximum       Equals      the adjusted
 --------------------       x         regular           =          deductible
  divided by $10,000                contribution                  contribution
                                    for the year                      limit



Additional "Saver's Credit" for contributions to a traditional IRA or Roth IRA



You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be 18 or over
before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax return
and your adjusted gross income cannot exceed $50,000 ($52,000 after cost of
living indexing beginning in 2007). The amount of the tax credit you can get
varies from 10% of your contribution to 50% of your contribution and depends on
your income tax filing status and your adjusted gross income. The maximum annual
contribution eligible for the saver's credit is $2,000. If you and your spouse
file a joint return, and each of you qualifies, each is eligible for a maximum
annual contribution of $2,000. Your saver's credit may also be reduced if you
take or have taken a taxable distribution from any plan eligible for a saver's
credit contribution -- even if you make a contribution to one plan and take the
distribution from another plan -- during the "testing period." The "testing
period" begins two years before the year for which you make the contribution and
ends when your tax return is due for the year for


                                                             Tax information  47


which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA, or SARSEP IRA, as well as a traditional IRA or Roth IRA.


Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make ages 50 - 70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records pertaining
to such contributions until interests in all traditional IRAs are fully
distributed.

When you can make regular contributions. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make your
regular traditional IRA contributions for a tax year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o   qualified plans;

o   governmental employer 457(b) plans;

o   TSAs (including Internal Revenue Code Section 403(b)(7) custo dial
    accounts); and

o   other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional IRA
to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o   Do it yourself:
    You actually receive a distribution that can be rolled over and you roll it
    over to a traditional IRA within 60 days after the date you receive the
    funds. The distribution from your eligible retirement plan will be net of
    20% mandatory federal income tax withholding. If you want, you can replace
    the withheld funds yourself and roll over the full amount.

o   Direct rollover:
    You tell the trustee or custodian of the eligible retirement plan to send
    the distribution directly to your traditional IRA issuer. Direct rollovers
    are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o   "required minimum distributions" after age 70-1/2 or retirement from service
    with the employer; or

o   substantially equal periodic payments made at least annually for your life
    (or life expectancy) or the joint lives (or joint life expectancies) of you
    and your designated beneficiary; or

o   substantially equal periodic payments made for a specified period of 10
    years or more; or

o   hardship withdrawals; or

o   corrective distributions that fit specified technical tax rules; or

o   loans that are treated as distributions; or

o   death benefit payments to a beneficiary who is not your surviving spouse; or

o   qualified domestic relations order distributions to a beneficiary who is not
    your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan such as a traditional IRA and subsequently take a premature
distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are


48  Tax information


responsible for recordkeeping and calculating the taxable amount of any
distributions you take from that traditional IRA. See "Taxation of Payments"
later in this section under "Withdrawals, payments and transfers of funds out of
traditional IRAs." After-tax contributions in a traditional IRA cannot be rolled
over from your traditional IRA into, or back into, a qualified plan, TSA or
governmental employer 457(b) plan.

Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently than
once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement plan
under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result of
a court ordered divorce or separation decree.


Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o   contributions of more than the maximum regular contribution amount for the
    applicable taxable year); or

o   regular contributions to a traditional IRA made after you reach age 70-1/2;
    or

o   rollover contributions of amounts which are not eligible to be rolled over,
    for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income. It
is also not subject to the 10% additional penalty tax on early distributions,
discussed later in this section under "Early distribution penalty tax." You do
have to withdraw any earnings that are attributed to the excess contribution.
The withdrawn earnings would be included in your gross income and could be
subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1) the rollover was from an eligible retirement plan to a traditional IRA;

(2) the excess contribution was due to incorrect information that the plan
    provided; and

(3) you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA (it
does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible traditional
IRA contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus all
traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o   the amount received is a withdrawal of excess contributions, as described
    under "Excess contributions" earlier in this section; or

o   the entire amount received is rolled over to another traditional IRA or
    other eligible retirement plan which agrees to accept the funds. (See
    "Rollovers from eligible retirement plans other than traditional IRAs" under
    "Rollover and transfer contributions to traditional IRAs" earlier in this
    section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b) plan.
After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA

                                                             Tax information  49


or governmental employer 457(b) plan. Before you decide to roll over a
distribution from a traditional IRA to another eligible retirement plan, you
should check with the administrator of that plan about whether the plan accepts
rollovers and, if so, the types it accepts. You should also check with the
administrator of the receiving plan about any documents required to be completed
before it will accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


Required minimum distributions

Background on Regulations -- Required Minimum Distributions. Distributions must
be made from traditional IRAs according to the rules contained in the Code and
the Treasury Regulations. Beginning in 2006, certain provisions of the Treasury
Regulations require that the actuarial present value of additional annuity
contract benefits must be added to the dollar amount credited for purposes of
calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income benefits
and enhanced death benefits. This could increase the amount required to be
distributed from these contracts if you take annual withdrawals instead of
annuitizing. Please consult your tax adviser concerning applicability of these
complex rules to your situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date," which
is April 1st of the calendar year after the calendar year in which you turn age
70-1/2. If you choose to delay taking the first annual minimum distribution,
then you will have to take two minimum distributions in that year -- the delayed
one for the first year and the one actually for that year. Once minimum
distributions begin, they must be made at some time each year.

How you can calculate required minimum distributions.

There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by a
number corresponding to your age from an IRS table. This gives you the required
minimum distribution amount for that particular IRA for that year. If your
spouse is your sole beneficiary and more than 10 years younger than you, the
dividing number you use may be from another IRS table and may produce a smaller
lifetime required minimum distribution amount. Regardless of the table used, the
required minimum distribution amount will vary each year as the account value,
the actuarial present value of additional annuity contract benefits, if
applicable, and the divisor change. If you initially choose an account-based
method, you may later apply your traditional IRA funds to a life annuity-based
payout with any certain period not exceeding remaining life expectancy,
determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a period
certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional IRAs
and other retirement plans. For example, you can choose an annuity payout from
one IRA, a different annuity payout from a qualified plan and an account-based
annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawals to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount, you
may choose to take your annual required minimum distribution from any one or
more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire

50  Tax information


value. Even if your IRA is not disqualified, you could have to pay a 50% penalty
tax on the shortfall (required amount for traditional IRAs less amount actually
taken). It is your responsibility to meet the required minimum distribution
rules. We will remind you when our records show that you are within the age
group which must take lifetime required minimum distributions. If you do not
select a method with us, we will assume you are taking your required minimum
distribution from another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of choices.
Post-death distributions may be made over your spouse's single life expectancy.
Any amounts distributed after that surviving spouse's death are made over the
spouse's life expectancy calculated in the year of his/her death, reduced by one
for each subsequent year. In some circumstances, your surviving spouse may elect
to become the owner of the traditional IRA and halt distributions until he or
she reaches age 70-1/2, or roll over amounts from your traditional IRA into
his/her own traditional IRA or other eligible retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained age
70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules permit
the beneficiary to calculate post-death required minimum distribution amounts
based on the owner's life expectancy in the year of death. However, note that we
need an individual annuitant to keep an annuity contract in force. If the
beneficiary is not an individual, we must distribute amounts remaining in the
annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual such as the
estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of the
annuitant.

Successor owner and annuitant

If your spouse is the sole primary beneficiary and elects to become the
successor owner and annuitant, no death benefit is payable until your surviving
spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA as
collateral for a loan or other obligation. If you borrow against your IRA or use
it as collateral, its tax-favored status will be lost as of the first day of the
tax year in which this prohibited event occurs. If this happens, you must
include the value of the traditional IRA in your federal gross income. Also, the
early distribution penalty tax of 10% may apply if you have not reached age
59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   used to pay certain extraordinary medical expenses (special fed eral income
    tax definition); or

o   used to pay medical insurance premiums for unemployed individuals (special
    federal income tax definition); or

o   used to pay certain first-time home buyer expenses (special federal income
    tax definition; $10,000 lifetime total limit for these distributions from
    all your traditional and Roth IRAs); or

o   used to pay certain higher education expenses (special federal income tax
    definition); or

o   in the form of substantially equal periodic payments made at

                                                             Tax information  51


    least annually over your life (or your life expectancy) or over the joint
    lives of you and your beneficiary (or your joint life expectancies) using an
    IRS-approved distribution method.

To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially equal
withdrawals and Income Manager(SM) payments are not subject to the 10% penalty
tax, they are taxable as discussed in "Withdrawals, payments and transfers of
funds out of traditional IRAs" earlier in this section. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under this option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.

Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

Accumulator(R) Select(SM) Roth Conversion IRA contract is designed to qualify as
a Roth individual retirement annuity under Sections 408A(b) and 408(b) of the
Internal Revenue Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o   regular after-tax contributions out of earnings; or

o   taxable rollover contributions from traditional IRAs ("conversion"
    contributions); or

o   tax-free rollover contributions from other Roth arrangements, or

o   tax-free direct custodian-to-custodian transfers from other Roth IRAs
    ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion contract. See "Rollovers and direct transfers" later in this
section. If you use the forms we require, we will also accept traditional IRA
funds which are subsequently recharacterized as Roth IRA funds following special
federal income tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Regular contributions to Roth IRAs


Limits on regular contributions. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable year.
The maximum regular contribution amount depends on age, earnings, and year,
among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability to
contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach age 70-1/2,
as long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (cost of living indexed beginning in 2007):



o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is over $160,000 (for 2007, $166,000 after
    adjustment); or



o   your federal income tax filing status is "single" and your modified adjusted
    gross income is over $110,000 (for 2007, $114,000 after adjustment).


However, you can make regular Roth IRA contributions in reduced amounts when:


o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is between $150,000 and $160,000 (for 2007,
    AGI between $156,000 and $166,000 after adjustment); or



o   your federal income tax filing status is "single" and your modified adjusted
    gross income is between $95,000 and $110,000 (for 2007, AGI between $99,000
    and $114,000 after adjustment).

Modified adjusted gross income limits will be cost of living indexed beginning
in 2007.


If you are married and filing separately and your modified adjusted gross income
is between $0 and $10,000 the amount of regular contributions you are permitted
to make is phased out. If your modified adjusted gross income is more than
$10,000 you cannot make regular Roth IRA contributions.

When you can make contributions. Same as traditional IRAs.

Deductibility of contributions. Roth IRA contributions are not tax deductible.

52  Tax information


Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian, trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o   another Roth IRA ("tax-free rollover contribution");

o   from a "designated Roth contribution account" under a 401(k) plan or a
    403(b) arrangement;

o   another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
    rollover limitation period for SIMPLE IRA funds), in a taxable conversion
    rollover ("conversion contribution");


o   you may not make contributions to a Roth IRA from a qualified plan under
    section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
    the Internal Revenue Code or any other eligible retirement plan until 2008.
    You may make rollover contributions from a "designated Roth contribution
    account" under a 401(k) plan or a 403(b) arrangement which permits
    designated Roth elective deferral contributions to be made, beginning in
    2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover transactions
only once in any 12-month period for the same funds. Trustee-to-trustee or
custodian-to-custodian direct transfers can be made more frequently than once a
year. Also, if you send us the rollover contribution to apply it to a Roth IRA,
you must do so within 60 days after you receive the proceeds from the original
IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is generally
fully taxable. For this reason, we are required to withhold 10% federal income
tax from the amount converted unless you elect out of such withholding. If you
have ever made nondeductible regular contributions to any traditional IRA --
whether or not it is the traditional IRA you are converting -- a pro rata
portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.


The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose also excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."


You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you reconvert
during either of these periods, it will be a failed Roth IRA conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA has been surrendered
at the time of conversion. This could increase the amount reported as includible
in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must have
the contribution transferred from the first IRA (the one to which it was made)
to the second IRA in a deemed trustee-to-trustee transfer. If the transfer is
made by the due date (including extensions) for your tax return for the year
during which the contribution was made, you can elect to treat the contribution
as having been originally made to the second IRA instead of to the first IRA. It
will be treated as having been made to the second IRA on the same date that it
was actually made to the first IRA. You must report the recharacterization and
must treat the contribution as having been made to the

                                                             Tax information  53


second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net income
transferred with the recharacterized contribution is treated as earned in the
second IRA. The contribution will not be treated as having been made to the
second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated as
a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled to
the special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o   rollovers from a Roth IRA to another Roth IRA;

o   direct transfers from a Roth IRA to another Roth IRA;

o   qualified distributions from a Roth IRA; and

o   return of excess contributions or amounts recharacterized to a traditional
    IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o   you are age 59-1/2 or older; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   your distribution is a "qualified first-time homebuyer distribution"
    (special federal income tax definition; $10,000 lifetime total limit for
    these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable- year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or not
the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:


(1) Regular contributions.

(2) Conversion contributions, on a first-in-first-out basis (generally, total
    conversions from the earliest year first). These conversion contributions
    are taken into account as follows:

    (a) Taxable portion (the amount required to be included in gross income
        because of conversion) first, and then the

    (b) Nontaxable portion.

(3) Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions are
aggregated or grouped together as follows:

(1) All distributions made during the year from all Roth IRAs you maintain --
    with any custodian or issuer -- are added together.

(2) All regular contributions made during and for the year (contribu tions made
    after the close of the year, but before the due date of your return) are
    added together. This total is added to the total undistributed regular
    contributions made in prior years.

54  Tax information



(3) All conversion contributions made during the year are added (3) together.
    For purposes of the ordering rules, in the case of any conversion in which
    the conversion distribution is made in 2007 and the conversion contribution
    is made in 2008, the conversion contribution is treated as contributed prior
    to other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution would
have been taken into account if it had been made directly to the Roth IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA is
disregarded for the purpose of grouping both contributions and distributions.
Any amount withdrawn to correct an excess contribution (including the earnings
withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the due
date (including extensions) for filing your federal income tax return for the
tax year. If you do this, you must also withdraw or recharacterize any earnings
attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

Please Note: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

Protection Plus(SM) feature

The Protection Plus(SM) feature was offered for Rollover TSA contracts, subject
to state and contract availability. There is no assurance that the contract with
the Protection Plus(SM) feature meets the qualification requirements for TSAs.
There is a limit to the amount of life insurance benefits that TSAs may offer.
Although we view the optional Protection Plus(SM) benefit as an investment
protection feature which should have no adverse tax effect and not as a life
insurance benefit, it is possible that the IRS could take a contrary position
regarding tax qualification or assert that the Protection Plus(SM) rider is not
a permissible part of a TSA contract. If the IRS were to take the position that
the optional Protection Plus(SM) benefit is not part of the contract, in such a
case, the charges for the Protection Plus(SM) rider could be treated for federal
income tax purposes as a partial withdrawal from the contract. If this were so,
such a deemed withdrawal could affect the tax qualification of the TSA and could
be taxable. Were the IRS to take any adverse position, AXA Equitable would take
all reasonable steps to attempt to avoid any adverse result, which would include
amending the contract (with appropriate notice to you). You should consult with
your tax adviser for further information.

Contributions to TSAs

There were two ways you might have contributed to establish this Accumulator(R)
Select(SM) Rollover TSA contract:

o   a full or partial direct transfer of assets ("direct transfer") from another
    contract or arrangement that met the requirements of Section 403(b) of the
    Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o   a rollover from another 403(b) arrangement.

If you made a direct transfer, you filled out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R)
Select(SM) TSA. We do not accept "designated Roth contributions" rolled over
from a 401(k) plan or a 403(b) arrangement or directly transferred from another
403(b) arrangement.

Employer-remitted contributions. The Accumulator(R) Select(SM) Rollover TSA
contract does not accept employer-remitted contributions. However, we provide
the following discussion as part of our description of restrictions on the
distribution of funds directly transferred, which include employer-remitted
contributions to other TSAs.

                                                             Tax information  55


Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or all
of the contributions made to a TSA are made under a salary reduction agreement
between the employee and the employer. These contributions are called "salary
reduction" or "elective deferral" contributions and are generally made on a
pre-tax basis. Beginning in 2006, if the employer's plan permits, an employee
may designate some or all of salary reduction contributions as "designated Roth
contributions" to the 403(b) arrangement which are made on an after-tax basis.
However, a TSA can also be wholly or partially funded through nonelective
employer contributions or other after-tax employee contributions. Amounts
attributable to salary reduction contributions to TSAs are generally subject to
withdrawal restrictions. Also, all amounts attributable to investments in a
403(b)(7) custodial account are subject to withdrawal restrictions discussed
below.

Rollover or direct transfer contributions. Once you establish your Rollover TSA
contract with 403(b)-source funds, you may make rollover contributions to your
Rollover TSA contract from these sources: qualified plans, governmental employer
457(b) plans, other TSAs and 403(b) arrangements and traditional IRAs. All
rollover contributions must be pre-tax funds only with appropriate documentation
satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o   termination of employment with the employer who provided the funds for the
    plan; or

o   reaching age 59-1/2 even if you are still employed; or

o   disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled-over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a distribution.
We accept direct transfers of TSA funds under Revenue Ruling 90-24 only if:

o   you give us acceptable written documentation as to the source of the funds,
    and

o   the Accumulator(R) Select(SM) contract receiving the funds has provi sions
    at least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Select(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Select(SM) TSA must be net of the
    required minimum distribution for the tax year in which we issue the
    contract if:

o   you are or will be at least age 70-1/2 in the current calendar year, and

o   you have retired from service with the employer who provided the funds to
    purchase the TSA you are transferring or rolling over to the Accumulator(R)
    Select(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o   rollover by check of the proceeds from another TSA or eligible retirement
    plan; or

o   direct rollover from another TSA or eligible retirement plan; or

o   direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General. Depending on the terms of the employer plan and your employment status,
you may have to get your employer's consent to take a loan or withdrawal. Your
employer will tell us this when you establish the TSA through a direct transfer.

Withdrawal restrictions. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the following
events happens:

o   you are severed from employment with the employer who pro vided the funds to
    purchase the TSA you are transferring to the Accumulator(R) Select(SM)
    Rollover TSA; or

o   you reach age 59-1/2; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account, such
amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not

56  Tax information


apply to the amount directly transferred to your TSA contract that represents
your December 31, 1988, account balance attributable to salary reduction
contributions to a TSA annuity contract and earnings. To take advantage of this
grandfathering you must properly notify us in writing at our processing office
of your December 31, 1988, account balance if you have qualifying amounts
transferred to your TSA contract.

Tax treatment of distributions. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA distributions
may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your after-tax investment in the contract, if
any. We will report all distributions from this Rollover TSA as fully taxable.
It is your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as pro
rata withdrawals of any contributions and earnings on those contributions.

Annuity payments. If you elect an annuity payout option, you will recover any
investment in the contract as each payment is received by dividing the
investment in the contract by an expected return determined under an IRS table
prescribed for qualified annuities. The amount of each payment not excluded from
income under this exclusion ratio is fully taxable. The full amount of the
payments received after your investment in the contract is recovered is fully
taxable. If you (and your beneficiary under a joint and survivor annuity) die
before recovering the full investment in the contract, a deduction is allowed on
your (or your beneficiary's) final tax return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. You may take loans from a TSA unless restricted by the employer
(for example, under an employer plan subject to ERISA). If you cannot take a
loan, or cannot take a loan without approval from the employer who provided the
funds, we will have this information in our records based on what you and the
employer who provided the TSA funds told us when you purchased your contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the loan
is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o   The amount of a loan to a participant, when combined with all other loans to
    the participant from all qualified plans of the employer, cannot exceed the
    lesser of:

    (1) the greater of $10,000 or 50% of the participant's nonfor feitable
        accrued benefits; and

    (2) $50,000 reduced by the excess (if any) of the highest out standing loan
        balance over the previous twelve months over the outstanding loan
        balance of plan loans on the date the loan was made.


o   In general, the term of the loan cannot exceed five years unless the loan is
    used to acquire the participant's primary residence. Accumulator(R)
    Select(SM) Rollover TSA contracts have a term limit of 10 years for loans
    used to acquire the participant's primary residence.

o   All principal and interest must be amortized in substantially level payments
    over the term of the loan, with payments being made at least quarterly. In
    very limited circumstances, the repayment obligation may be temporarily
    suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o   the loan does not qualify under the conditions above;

o   the participant fails to repay the interest or principal when due; or

o   in some instances, the participant separates from service with the employer
    who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as a
distribution. For purposes of future loans under any plans of the employer, a
defaulted loan, including interest accrued on the unpaid balance, is treated as
outstanding, even after the default is reported to the IRS on Form 1099-R.


                                                             Tax information  57


Tax-deferred rollovers and direct transfers. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.


You may roll over a distribution from a TSA to any of the following: a qualified
plan, a governmental employer 457(b) plan (separate accounting required) or a
traditional IRA. A spousal beneficiary may also roll over death benefits as
above. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period of
10 years or more, hardship withdrawals and required minimum distributions under
federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling 90-24
are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking annual
distributions from their TSAs by a required date. Generally, you must take the
first required minimum distribution for the calendar year in which you turn age
70-1/2. You may be able to delay the start of required minimum distributions for
all or part of your account balance until after age 70-1/2, as follows:

o   For TSA participants who have not retired from service with the employer who
    provided the funds for the TSA by the calendar year the participant turns
    age 70-1/2, the required beginning date for minimum distributions is
    extended to April 1 following the calendar year of retirement.

o   TSA plan participants may also delay the start of required mini mum
    distributions to age 75 of the portion of their account value attributable
    to their December 31, 1986, TSA account balance, even if retired at age
    70-1/2. We will know whether or not you qualify for this exception because
    it will only apply to people who establish their Accumulator(R) Select(SM)
    Rollover TSA by direct Revenue Ruling 90-24 transfers. If you do not give us
    the amount of your December 31, 1986, account balance that is being
    transferred to the Accumulator(R) Select(SM) Rollover TSA on the form used
    to establish the TSA, you do not qualify.

Spousal consent rules

This only applies to you if you established your Accumulator(R) Select(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell us
on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for the
life of the spouse in an amount not less than one-half of the amount payable to
the annuitant during his or her lifetime. In addition, if you are married, the
beneficiary must be your spouse, unless your spouse consents in writing to the
designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments will
be made to your surviving spouse in the form of a life annuity unless at the
time of your death a contrary election was in effect. However, your surviving
spouse may elect, before payments begin, to receive payments in any form
permitted under the terms of the TSA contract and the plan of the employer who
provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the available
exceptions to the pre-age 59-1/2 penalty tax include distributions made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   to pay for certain extraordinary medical expenses (special federal income
    tax definition); or

o   in any form of payout after you have separated from service (only if the
    separation occurs during or after the calendar year you reach age 55); or

o   in a payout in the form of substantially equal periodic payments made at
    least annually over your life (or your life expectancy), or over the joint
    lives of you and your beneficiary (or your joint life expectancies) using an
    IRS-approved distribution method (only after have separated from service at
    any age).

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable. The
rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this purpose.
You cannot elect out of withholding unless you pro-

58  Tax information


vide us with your correct Taxpayer Identification Number and a United States
residence address. You cannot elect out of withholding if we are sending the
payment out of the United States.

You should note the following special situations:

o   We might have to withhold and/or report on amounts we pay under a free look
    or cancellation.

o   We are generally required to withhold on conversion rollovers of traditional
    IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
    and is taxable.

o   We are required to withhold on the gross amount of a distribu tion from a
    Roth IRA to the extent it is reasonable for us to believe that a
    distribution is includable in your gross income. This may result in tax
    being withheld even though the Roth IRA distribution is ultimately not
    taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States citizens
residing outside the United States. We do not discuss these rules here in
detail. However we may require additional documentation in the case of payments
made to non United States persons and United States persons living abroad prior
to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state or
any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective unless
and until you revoke it. You may revoke or change your withholding election at
any time.


Federal income tax withholding on non-periodic annuity payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a TSA. If a non-periodic distribution from a TSA is not an
eligible rollover distribution then the 10% withholding rate applies.

Mandatory withholding from TSA distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. An eligible rollover distribution from a TSA can be rolled over to
another eligible retirement plan. All distributions from a TSA are eligible
rollover distributions unless they are on the following list of exceptions:

o   any distributions which are required minimum distributions after age 70-1/2
    or retirement from service with the employer; or

o   substantially equal periodic payments made at least annually for your life
    (or life expectancy) or the joint lives (or joint life expectancies) of you
    and your designated beneficiary; or

o   substantially equal periodic payments made for a specified period of 10
    years or more; or

o   hardship withdrawals; or

o   corrective distributions that fit specified technical tax rules; or

o   loans that are treated as distributions; or

o   a death benefit payment to a beneficiary who is not your surviv ing spouse;
    or

o   a qualified domestic relations order distribution to a beneficiary who is
    not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 45 and Separate
Account No. 49 for taxes. We do not now, but may in the future set up reserves
for such taxes.

                                                             Tax information  59


8. More information

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ABOUT SEPARATE ACCOUNT NO. 45 AND SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 45 and
Separate Account No. 49. We established Separate Account No. 45 in 1994 and
Separate Account No. 49 in 1996 under special provisions of the New York
Insurance Law. These provisions prevent creditors from any other business we
conduct from reaching the assets we hold in our variable investment options for
owners of our variable annuity contracts. We are the legal owner of all of the
assets in Separate Account No. 45 and in Separate Account No. 49 and may
withdraw any amounts that exceed our reserves and other liabilities with respect
to variable investment options under our contracts. The results of the Separate
Accounts' operations are accounted for without regard to AXA Equitable's other
operations. The amount of some of our obligations under the contracts is based
on the assets in Separate Account No. 45 and Separate Account No. 49. However,
the obligations themselves are obligations of AXA Equitable.

Separate Account No. 45 and Separate Account No. 49 are registered under the
Investment Company Act of 1940 and are registered and classified under that act
as "unit investment trusts." The SEC, however, does not manage or supervise AXA
Equitable or Separate Account No. 45 or Separate Account No. 49. Although
Separate Account No. 45 and Separate Account No. 49 are registered, the SEC does
not monitor the activity of Separate Account No. 45 or Separate Account No. 49
on a daily basis. AXA Equitable is not required to register, and is not
registered, as an investment company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Accounts
invests solely in Class IB/B shares issued by the corresponding portfolio of
either Trust.

We reserve the right subject to compliance with laws that apply:

(1) to add variable investment options to, or to remove variable investment
    options from either Separate Account, or to add other separate accounts;

(2) to combine any two or more variable investment options;

(3) to transfer the assets we determine to be the shares of the class of
    contracts to which the contracts belong from any variable investment option
    to another variable investment option;

(4) to operate each Separate Account or any variable investment option as a
    management investment company under the Investment Company Act of 1940 (in
    which case, charges and expenses that otherwise would be assessed against an
    underlying mutual fund would be assessed against each Separate Account or a
    variable investment option directly);

(5) to deregister the Separate Accounts under the Investment Company Act of
    1940;

(6) to restrict or eliminate any voting rights as to the Separate Accounts;

(7) to cause one or more variable investment options to invest some or all of
    their assets in one or more other trusts or investment companies; and

(8) to unilaterally change your contract in order to comply with any applicable
    laws and regulations, including but not limited to changes in the Internal
    Revenue Code, in Treasury regulations or in published rulings of the
    Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

AXA Premier VIP Trust and EQ Advisors Trust are registered under the Investment
Company Act of 1940. They are classified as "open-end management investment
companies," more commonly called mutual funds. Each Trust issues different
shares relating to each portfolio.

AXA Equitable serves as the investment manager of the Trusts. As such, AXA
Equitable oversees the activities of the investment advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
advisers.

The Trusts do not impose sales charges or "loads" for buying and selling its
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish additional
portfolios or eliminate existing portfolios at any time. More detailed
information about each Trust, its portfolio investment objectives, policies,
restrictions, risks, expenses, its Rule 12b-1 Plan and other aspects of its
operations, appears generally in the prospectuses for each Trust, or in the
respective SAIs which generally are available upon request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table are illustrative only and
will most likely differ from the rates applicable at time of purchase. Current
FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:


60  More information



- -------------------------------------------------------------
   Fixed Maturity
   Options with
   February 15th            Rate to               Price
 Maturity Date of        Maturity as of        Per $100 of
   Maturity Year       February 15, 2007      Maturity Value
- -------------------------------------------------------------
        2008                 3.72%                $96.41
        2009                 3.75%                $92.89
        2010                 3.78%                $89.46
        2011                 3.86%                $85.93
        2012                 3.97%                $82.30
        2013                 4.04%                $78.83
        2014                 4.11%                $75.41
        2015                 4.15%                $72.22
        2016                 4.25%                $68.74
        2017                 4.29%                $65.68
- -------------------------------------------------------------


HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw all of your value from a fixed
maturity option before its maturity date.


(1) We determine the market adjusted amount on the date of the withdrawal as
    follows:

    (a) We determine the fixed maturity amount that would be payable on the
        maturity date, using the rate to maturity for the fixed maturity option.

    (b) We determine the period remaining in your fixed maturity option (based
        on the withdrawal date) and convert it to fractional years based on a
        365-day year. For example, three years and 12 days becomes 3.0329.

    (c) We determine the current rate to maturity that applies on the withdrawal
        date to new allocations to the same fixed maturity option.

    (d) We determine the present value of the fixed maturity amount payable at
        the maturity date, using the period determined in (b) and the rate
        determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3) We subtract (2) from the result in (1)(d). The result is the market value
    adjustment applicable to such fixed maturity option, which may be positive
    or negative.

- --------------------------------------------------------------------------------
Your market adjusted amount is the present value of the maturity value
discounted at the rate to maturity in effect for new contributions to that same
fixed maturity option on the date of the calculation.
- --------------------------------------------------------------------------------

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment that
would have applied if you had withdrawn the entire value in that fixed maturity
option. This percentage is equal to the percentage of the value in the fixed
maturity option that you are withdrawing. See Appendix III at the end of this
Prospectus for an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) above would
apply, we will use the rate at the next closest maturity date. If we are no
longer offering new fixed maturity options, the "current rate to maturity" will
be determined in accordance with our procedures then in effect. We reserve the
right to add up to 0.25% to the current rate in (1)(c) above for purposes of
calculating the market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held in
this separate account. We may, subject to state law that applies, transfer all
assets allocated to the separate account to our general account. We guarantee
all benefits relating to your value in the fixed maturity options, regardless of
whether assets supporting fixed maturity options are held in a separate account
or our general account.

We have no specific formula for establishing the rates to maturity for the fixed
maturity options. We expect the rates to be influenced by, but not necessarily
correspond to, among other things, the yields that we can expect to realize on
the separate account's investments from time to time. Our current plans are to
invest in fixed-income obligations, including corporate bonds, mortgage-backed
and asset-backed securities, and government and agency issues having durations
in the aggregate consistent with those of the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the contracts,
we are not obligated to invest those assets according to any particular plan
except as we may be required to by state insurance laws. We will not determine
the rates to maturity we establish by the performance of the nonunitized
separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the fixed maturity options, as well as our general
obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations of
all jurisdictions where we are authorized to do business. Interests under the
contracts in the general account have not been registered and are not required
to be registered under the Securities Act of 1933 because of exemptions and
exclusionary provisions that apply. The general account is not required to
register as an investment company under the Investment Company Act of 1940 and
it is not registered as an investment company under the Investment Company Act
of 1940. The market value adjustment interests under the

                                                            More information  61


contracts, which are held in a separate account, are issued by AXA Equitable and
are registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept subsequent contributions sent by wire to our processing office by
agreement with certain broker-dealers. Such transmittals must be accompanied by
information we require to allocate your contribution. Wire orders not
accompanied by complete information may be retained as described under "How you
can make your contributions" in "Contract features and benefits" earlier in this
Prospectus.

Even if we accepted the wire order and essential information, a contract
generally was not issued until we received and accepted a properly completed
application. In certain cases, we may have issued a contract based on
information provided through certain broker-dealers with whom we have
established electronic facilities. In any such case, you must have signed our
Acknowledgment of Receipt form.

Where we required a signed application, the above procedures did not apply and
no financial transactions were permitted until we received the signed
application and issued the contract. Where we issued a contract based on
information provided through electronic facilities, we required an
Acknowledgment of Receipt form. Financial transactions were only permitted if
you requested them in writing, signed the request and had it signature
guaranteed, until we received the signed Acknowledgment of Receipt form. After a
contract is issued, additional contributions are allowed by wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find our more about such arrangements.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY

You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account or
credit union checking account and contributed as an additional contribution into
an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, QP or Rollover TSA contracts.

The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m., Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all the
required information unless another date applies as indicated below.

o   If your contribution, transfer or any other transaction request, containing
    all the required information, reaches us on a non-business day or after 4:00
    p.m. on a business day, we will use the next business day.

o   A loan request under your Rollover TSA contract will be processed on the
    first business day of the month following the date on which the properly
    completed loan request form is received.

o   If your transaction is set to occur on the same day of the month as the
    contract date and that date is the 29th, 30th or 31st of the month, then the
    transaction will occur on the 1st day of the next month.

o   When a charge is to be deducted on a contract date anniversary that is a
    non-business day, we will deduct the charge on the next business day.

o   If we have entered into an agreement with your broker-dealer for automated
    processing of contributions upon receipt of customer order, your
    contribution will be considered received at the time your broker-dealer
    receives your contribution and all information needed to process your
    application, along with any required documents, and transmits your order to
    us in accordance with our processing procedures. Such arrangements may apply
    to initial contributions, subsequent contributions, or both, and may be
    commenced or terminated at any time without prior notice. If required by
    law, the "closing time" for such orders will be earlier than 4 p.m., Eastern
    Time.

62  More information


CONTRIBUTIONS AND TRANSFERS


o   Contributions allocated to the variable investment options are invested at
    the unit value next determined after the receipt of the contribution.


o   Contributions allocated to a fixed maturity option will receive the rate to
    maturity in effect for that fixed maturity option on that business day.


o   Transfers to or from variable investment options will be made at the unit
    value next determined after the receipt of the transfer request.


o   Transfers to a fixed maturity option will be based on the rate to maturity
    in effect for that fixed maturity option on the business day of the
    transfer.

ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o   the election of trustees; or

o   the formal approval of Independent Public Accounting Firm selected for each
    Trust; or

o   any other matters described in each prospectus for the Trusts or requiring a
    shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is taken.
If we do not receive instructions in time from all contract owners, we will vote
the shares of a portfolio for which no instructions have been received in the
same proportion as we vote shares of that portfolio for which we have received
instructions. We will also vote any shares that we are entitled to vote directly
because of amounts we have in a portfolio in the same proportions that contract
owners vote.

VOTING RIGHTS OF OTHERS

Currently, we control the Trusts. Their shares are sold to our separate accounts
and an affiliated qualified plan trust. In addition, shares of the Trusts are
held by separate accounts of insurance companies both affiliated and
unaffiliated with us. Shares held by these separate accounts will probably be
voted according to the instructions of the owners of insurance policies and
contracts issued by those insurance companies. While this will dilute the effect
of the voting instructions of the contract owners, we currently do not foresee
any disadvantages because of this. The Board of Trustees of each Trust intends
to monitor events in order to identify any material irreconcilable conflicts
that may arise and to determine what action, if any, should be taken in
response. If we believe that a response to any of those events insufficiently
protects our contract owners, we will see to it that appropriate action is
taken.

SEPARATE ACCOUNT NO. 45 AND SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Accounts require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount of
reserves we are holding for that annuity in a variable investment option divided
by the annuity unit value for that option. We will cast votes attributable to
any amounts we have in the variable investment options in the same proportion as
votes cast by contract owners.

CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect to
a contract owner's interest in Separate Account Nos. 45 and 49, respectively,
nor would any of these proceedings be likely to have a material adverse effect
upon either Separate Account, our ability to meet our obligations under the
contracts, or the distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 45 and Separate Account No. 49,
as well as the consolidated financial statements of AXA Equitable, are in the
applicable SAI. The SAI is available free of charge. You may request one by
writing to our processing office or calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity payments
begin. We will continue to treat you as the owner until we receive written
notification of any change at our processing office. You cannot assign your NQ
contract as collateral or security for a loan. Loans are also not available
under your NQ contract. In some cases, an assignment or change of ownership may
have adverse tax consequences. See "Tax information" earlier in this Prospectus.

You cannot assign or transfer ownership of Rollover IRA, Roth Conversion IRA, QP
or Rollover TSA contract except by surrender to us. If your individual
retirement annuity contract is held in your custodial individual retirement
account, you may only assign or transfer ownership of such an IRA contract to
yourself. Loans are not available and you cannot assign Rollover IRA, Roth
Conversion IRA, QP or Rollover TSA contracts as security for a loan or other
obligation. If the employer that provided the funds does not restrict them,
loans are available under a Rollover TSA contract.

For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Roll-

                                                            More information  63


over IRA, Roth Conversion IRA, QP or Rollover TSA contract to another similar
arrangement under federal income tax rules .


DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and AXA
Distributors, LLC ("AXA Distributors") (together, the "Distributors"). AXA
Advisors serves as principal underwriter of Separate Account No. 45, and AXA
Distributors serves as the principal underwriter of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are registered
with the SEC as broker-dealers and are members of the National Association of
Securities Dealers, Inc. ("NASD"). Both broker-dealers also act as distributors
for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and will
generally not exceed 8.50% of total contributions. AXA Advisors, in turn, may
pay a portion of the contribution-based compensation received from AXA Equitable
on the sale of a contract to the AXA Advisors financial professional and/or
Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing annual
compensation of up to 1.00% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the total
compensation that would otherwise be paid on the basis of contributions alone.
The contribution-based and asset-based compensation paid by AXA Advisors varies
among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 2.00% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-dealers will generally not exceed 2.00% of the total
contributions made under the contracts. AXA Distributors, in turn, pays the
contribution-based compensation it receives on the sale of a contract to the
Selling broker-dealer making the sale. In some instances, the Selling
broker-dealer may elect to receive reduced contribution-based compensation on
the sale of a contract in combination with annual asset-based compensation of up
to 1.25% of contract account value. If a Selling broker-dealer elects to receive
reduced contribution-based compensation on a contract, the contribution-based
compensation which AXA Equitable pays to AXA Distributors will be reduced by the
same amount and AXA Equitable will pay AXA Distributors asset-based compensation
on the contract equal to the asset-based compensation which AXA Distributors
pays to the Selling broker-dealer. Total compensation paid to a Selling
broker-dealer electing to receive both contribution-based and asset-based
compensation could over time exceed the total compensation that would otherwise
be paid on the basis of contributions alone. The contribution-based and
asset-based compensation paid by AXA Distributors varies among Selling
broker-dealers. AXA Distributors also receives compensation and reimbursement
for its marketing services under the terms of its distribution agreement with
AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their behalf.
The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Select(SM) on a company and/or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including some
that may benefit the contract owner. Payments may be based on the amount of
assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products. Additionally,
as an incentive for financial professionals of Selling broker-dealers to promote
the sale of AXA Equitable products, the Distributors may increase the sales
compensation paid to the Selling broker-dealer for a period of time (commonly
referred to as "compensation enhancements"). Marketing allowances and sales
incentives are made out of the Distributors' assets. Not all Selling
broker-dealers receive these kinds of payments. For more information about any
such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated insurance
trusts, the Distributors or their affiliates may also receive other payments
from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensa-


64 More information




tion to its financial professionals, including health and retirement benefits.
In addition, managerial personnel may receive expense reimbursements, marketing
allowances and commission-based payments known as "overrides." Certain
components of the compensation of financial professionals who are managers are
based on the sale of affiliated variable products. Managers earn higher
compensation (and credits toward awards and bonuses) if those they manage sell
more affiliated variable products. For tax reasons, AXA Advisors financial
professionals qualify for health and retirement benefits based solely on their
sales of our affiliated products.

These payments and differential compensation (together, the "payments") can vary
in amount based on the applicable product and/or entity or individual involved.
As with any incentive, such payments may cause the financial professional to
show preference in recommending the purchase or sale of AXA Equitable products.
However, under applicable rules of the NASD, AXA Advisors may only recommend to
you products that they reasonably believe are suitable for you based on facts
that you have disclosed as to your other security holdings, financial situation
and needs. In making any recommendation, financial professionals of AXA Advisors
may nonetheless face conflicts of interest because of the differences in
compensation from one product category to another, and because of differences in
compensation between products in the same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such as
stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made will
be in compliance with all applicable NASD rules and other laws and regulations.


                                                            More information  65



9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by accessing
the SEC's website at www.sec.gov. The public may obtain information on the
operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
Under the Securities Act of 1933, the Company has filed with the SEC a
registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for additional
information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports of
KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly, "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The report is given on the authority of
said firm as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person to
whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


66  Incorporation of certain documents by reference


Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Accounts No. 45 and No. 49 with the same daily asset
charges of 1.60%.


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------------------
                                                                              For the years ending December 31,
                                                               ---------------------------------------------------------------
                                                                 2006         2005         2004          2003          2002
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                      
AXA Aggressive Allocation
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 13.07       $11.26       $10.59           --            --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           189           92           24           --            --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         3,308        1,298          726           --            --
- ------------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 10.84       $10.35       $10.27           --            --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           190          168           63           --            --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         1,508        1,073          686           --            --
- ------------------------------------------------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 11.28       $10.54       $10.37           --            --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           462          397          279           --            --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         1,741        1,299          787           --            --
- ------------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 47.21       $43.48       $42.17       $39.41        $33.62
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)         1,195        1,301        1,400        1,489         1,564
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         3,955        4,167        3,907        2,733           598
- ------------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 12.55       $11.14       $10.61           --            --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1043          408          180           --            --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)        11,247        7,926        3,664           --            --
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 56.56       $54.68       $51.36       $46.56        $34.41
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            53           62           74           79            66
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           292          331          388          429           338
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 11.36       $11.12       $11.11       $10.87        $10.64
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           915        1,033        1,124        1,240         1,234
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         6,686        7,527        8,293        8,217         3,282
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 11.94       $11.53       $10.96       $ 9.93        $ 7.88
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           223          269          301          265           189
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         1,865        2,078        2,231        1,758           398
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 30.88       $28.55       $28.15       $26.32        $21.83
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           475          558          647          634           511
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         3,798        4,585        5,526        5,467         2,248
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 16.73       $13.57       $11.94       $10.29        $ 7.79
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           377          423          460          371           286
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         2,676        2,300        2,160        1,684           553
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                    $ 12.18       $10.89       $10.37       $ 9.61        $ 7.62
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           175          208          255          249           213
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         1,745        1,956        2,038        1,850           635
- ------------------------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------------------
                                                                             For the years ending December 31,
                                                                -------------------------------------------------------------
                                                                    2001         2000          1999         1998         1997
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                                         
AXA Aggressive Allocation
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $39.15           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           1,005           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              97           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $49.16       $66.77       $78.30       $67.13        $68.19
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              73           65           16           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             402          420          141           16            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $22.86       $23.07       $25.73       $27.12        $29.13
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             500          219           35           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           1,835        1,211          574          170             2
- -----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- -----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              --           --           --           --            --
- -----------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-1



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                --------------------------------------------------------------
                                                                  2006          2005          2004          2003         2002
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                        
AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  9.52       $  9.66       $  9.13       $  8.70      $  6.77
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            355           356           384           385          283
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          4,202         4,551         4,852         4,258        1,299
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 14.18       $ 12.07       $ 11.46       $ 10.17      $  7.89
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            326           300           304           297          292
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          4,325         4,766         4,712         3,848        1,272
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 10.79       $ 10.01       $  9.38       $  8.53      $  6.18
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            402           460           503           538          344
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          4,520         5,281         6,078         5,628        1,488
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 13.75       $ 12.18       $ 11.53       $ 10.17      $  7.35
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            386           425           575           467          381
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          3,885         4,432         5,059         3,927        1,262
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 10.46       $  9.91       $  9.05       $  8.76      $  5.65
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            889         1,089         1,346           281           96
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          3,343         4,090         4,725         1,117          205
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $247.00       $226.77       $220.94       $196.75      $133.70
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            200           244           275           301          314
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            490           586           683           689          581
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 33.29       $ 28.54       $ 27.49       $ 24.85      $ 19.37
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1,654         1,975         2,231         2,534        2,830
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          2,676         3,197         3,420         3,013        1,002
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 18.20       $ 17.94       $ 18.01       $ 17.95      $ 17.86
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1,493         1,833         2,200         2,818        3,868
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          2,358         2,881         3,326         3,448        2,501
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 17.88       $ 14.71       $ 12.97       $ 11.15      $  8.38
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1,534         1,664         1,745         1,928        1,910
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          4,168         4,498         4,337         4,026          604
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  6.86       $  7.01       $  6.19       $  5.81      $  4.79
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          2,322         2,818         3,283         3,962        4,522
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         11,991        14,352        15,822        17,115       16,550
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 15.84       $ 15.50       $ 15.45       $ 15.13      $ 14.85
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            243           296           279           282          347
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          2,329         2,753         2,951         3,122        1,064
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 17.73       $ 16.53       $ 15.07       $ 13.43      $  9.69
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            908         1,100         1,230         1,362        1,384
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          3,069         3,839         4,346         4,534        3,377
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 17.54       $ 14.69       $ 14.16       $ 12.68      $ 10.01
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1,465         1,617         1,814         1,839        1,712
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         13,777        15,585        17,155        15,959        8,615
- ------------------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------
                                                                                 For the years ending December 31,
                                                                --------------------------------------------------------------
                                                                   2001           2000        1999          1998        1997
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                       
AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $203.81       $232.08       $275.01       $223.79     $176.22
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            380           310            66            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            661           618           255            35           1
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 25.00       $ 25.80       $ 24.13            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          3,407         1,662           342            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 16.72       $ 15.75       $ 14.70            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          2,545           486            59            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  9.48       $ 12.56       $ 16.61            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            404           302            38            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  7.07       $  9.45       $ 11.77            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          5,608         4,909         1,112            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         18,765        17,412         5,630            --          --
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 14.11       $ 16.53       $ 14.78       $ 11.77     $ 12.52
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1,276           718            30            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          3,423         3,189           818           211          --
- ------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 11.78       $ 11.61       $ 12.04       $ 11.81          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1,138            --            --            --          --
- ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          6,000         3,700         1,532           315          --
- ------------------------------------------------------------------------------------------------------------------------------



A-2 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ----------------------------------------------------------------------------------------------------------------------------
                                                                               For the years ending December 31,
                                                                 -----------------------------------------------------------
                                                                   2006         2005         2004         2003        2002
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                                      
EQ/Ariel Appreciation II
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 11.33      $ 10.36           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              17            5           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              99           53           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  6.64      $  5.82      $  5.57           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             421          387           56           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             907        1,277          370           --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  8.87      $  8.57      $  8.01      $  7.86      $ 6.24
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              10           10           11           25          38
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             367          468          498          478         128
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 12.80      $ 12.11      $ 11.71      $ 11.27      $ 9.24
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             134           45           29           39          16
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           2,547        2,581        2,715        2,971       2,171
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 14.24      $ 12.14      $ 10.53      $  9.42      $ 7.22
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             235          191          193          146          59
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           9,957       11,032       11,933       10,611       5,973
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 12.82      $ 11.63      $ 11.14      $ 10.21      $ 7.89
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             654          775          867          896         961
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           9,568       11,228       12,694       12,682       9,408
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian U. S. Equity
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 12.34      $ 11.40      $ 10.94      $ 10.17      $ 7.57
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             545          703          805          770         643
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          12,120       14,266       15,720       14,963       8,308
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Caywood-Scholl High Yield Bond
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 11.03      $ 10.38           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             108           40           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             247          113           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Davis New York Venture
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 10.84           --           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              33           --           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             332           --           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Equity 500 Index
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 29.01      $ 25.62      $ 24.94      $ 22.99      $18.28
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             723          864          968        1,030       1,042
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           8,474       10,127       11,584       11,512       7,152
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen International Bond
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  9.92      $  9.74           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              61            4           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             471           36           --           --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  8.74      $  8.39      $  8.20      $  7.79      $ 5.73
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             157          190          242          184         143
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           1,731        2,184        2,500        2,016         424
- ----------------------------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------------------------
                                                                            For the years ending December 31,
                                                                 -----------------------------------------------------------
                                                                   2001          2000          1999        1998        1997
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                                       
EQ/Ariel Appreciation II
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 8.62             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              6             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             13             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $12.75         $17.16        $21.20      $16.54      $12.33
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          2,221          1,658           576         282          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 8.64         $11.09        $13.93          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          5,697          5,514         1,286          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $10.65         $11.04        $10.60          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            166            112            13          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          3,151          2,953           987          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian U. S. Equity
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $10.09         $10.46        $10.26          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            337            155            31          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          6,886          5,538         2,436          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Caywood-Scholl High Yield Bond
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Davis New York Venture
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Equity 500 Index
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $23.93         $27.69            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1,038            734            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          6,601          6,057            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen International Bond
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             --             --            --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega
- ----------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 7.66         $ 9.38        $10.80          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             90             17             8          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            141             78             6          --          --
- ----------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-3




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- -----------------------------------------------------------------------------------------------------------------------------------
                                                                              For the years ending December 31,
                                                                 ------------------------------------------------------------------
                                                                   2006           2005           2004           2003         2002
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
EQ/FI Mid Cap
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 12.66        $ 11.53        $ 11.02        $  9.65      $  6.83
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           1,207          1,413          1,558          1,665        1,471
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           8,561         10,309         11,422         10,509        4,322
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 17.13        $ 15.47        $ 14.13        $ 12.18      $  9.29
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)           1,391          1,673          1,805          2,005        2,145
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           6,178          7,278          7,736          7,229        3,714
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 10.42             --             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             120             --             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             730             --             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Small Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 10.81             --             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               7             --             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              51             --             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Mergers and Acquisitions
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 11.58        $ 10.49             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              44             19             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             268            107             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Small Company Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 26.24        $ 22.44        $ 21.86             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             102             89             21             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             291            339             74             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/International Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 14.19        $ 11.48             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              24              3             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             273             98             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Janus Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  6.26        $  6.29        $  5.96        $  5.40      $  4.36
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             876            970          1,047          1,206        1,333
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           5,400          6,287          6,714          6,805        4,722
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Core Bond
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 14.01        $ 13.68        $ 13.60        $ 13.28      $ 13.05
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             924            943            748            804          702
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          12,428         14,021         15,208         16,175       13,419
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Value Opportunities
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 15.68        $ 13.24        $ 12.94        $ 11.86      $  9.51
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             281            306            338            377          359
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           4,115          4,803          5,325          5,701        4,777
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 11.18        $ 10.63             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              63              6             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             784            195             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 10.00        $  9.98             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              64             55             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             390            431             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Growth and Income
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $ 12.20        $ 10.58             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              83             13             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             502            135             --             --           --
- -----------------------------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                  For the years ending December 31,
                                                                   ----------------------------------------------------------------
                                                                     2001         2000          1999          1998          1997
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                                
EQ/FI Mid Cap
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                        $  8.51        $ 9.99            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               932           126            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             2,644           617            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                        $ 11.07        $10.82        $10.45            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             1,487            87            18            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             2,090           251            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                             --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Small Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                             --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Mergers and Acquisitions
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                             --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Small Company Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                             --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/International Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                             --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Janus Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                        $  6.36        $ 8.39            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             1,187           295            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             3,856         1,315            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Core Bond
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                        $ 12.10        $11.40        $10.39        $10.73            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            10,537         5,112         2,026           379            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Value Opportunities
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                        $ 11.94        $13.02        $12.39        $12.76        $11.50
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               287           124            12            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             4,156         1,755           978           714            17
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                             --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                             --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Growth and Income
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                             --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                --            --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------



A-4 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                  For the years ending December 31,
                                                                -------------------------------------------------------------------
                                                                  2006           2005           2004           2003          2002
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                             
EQ/Lord Abbett Large Cap Core
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 11.69        $ 10.54             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             22             21             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            166            132             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 12.31        $ 11.13             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            115            102             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            519            490             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Marsico Focus
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 16.22        $ 15.07        $ 13.84        $ 12.72        $ 9.86
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            745            712            676            685           427
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)         10,192         11,276         11,463         10,296         2,423
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury Basic Value Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 23.60        $ 19.83        $ 19.58        $ 17.99        $13.94
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            917          1,046          1,213          1,296         1,419
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          3,644          4,227          4,909          4,335         2,235
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury International Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 22.35        $ 18.07        $ 16.57        $ 13.84        $10.98
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            514            514            468            487           498
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          4,311          4,992          5,077          5,316         3,555
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Emerging Growth Companies
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 14.72        $ 13.88        $ 12.94        $ 11.68        $ 9.18
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            791            957          1,142          1,345         1,556
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          3,075          3,566          4,258          4,710         4,661
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 10.37        $  9.33        $  8.84        $  8.07        $ 6.72
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            298            328            421            474           474
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          6,684          7,849          8,941          9,707         8,237
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Money Market
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 27.57        $ 26.81        $ 26.55        $ 26.78        $27.06
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)          1,177          1,247          1,478          1,911         2,863
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)          3,996          4,058          4,693          6,370         9,288
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Montag & Caldwell Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $  4.81        $  4.53        $  4.36             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             29             44              3             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            206            172             19             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Mutual Shares
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 10.70             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             23             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            372             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Global
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 11.09             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             12             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             61             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Opportunity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 10.92             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             --             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             21             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Small Cap
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                     $ 11.09             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)             14             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             30             --             --             --            --
- -----------------------------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                  For the years ending December 31,
                                                                -------------------------------------------------------------------
                                                                    2001           2000          1999          1998          1997
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                                
EQ/Lord Abbett Large Cap Core
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Marsico Focus
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 11.33             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               24             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               78             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury Basic Value Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 17.00         $16.37        $14.88        $12.71        $11.58
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            1,305            431           163            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            1,559          1,079           173            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury International Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 13.39         $17.34        $20.10        $12.75        $10.84
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            3,126          2,033           771           422             4
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Emerging Growth Companies
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 14.20         $21.88        $27.40        $16.03        $12.11
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            1,966          1,834           383            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            5,707          5,759         1,680           200             2
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $  8.64         $10.45        $10.70            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              543            359           103            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            8,655          7,052         2,906            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Money Market
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 27.16         $26.65        $25.55        $24.80        $23.98
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)            3,954          1,882           549            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           13,759             --         9,875         5,805           349
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Montag & Caldwell Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Mutual Shares
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Global
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Opportunity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Small Cap
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --            --
- -----------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-5



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                   For the years ending December 31,
                                                                -------------------------------------------------------------------
                                                                      2006          2005         2004          2003         2002
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
EQ/PIMCO Real Return
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $ 9.80        $ 9.92           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                206           120           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              1,411           848           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Short Duration Bond
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $10.19        $ 9.96           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                104            26           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                593           132           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Small Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $19.22        $16.83       $16.33        $14.17       $10.49
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                395           502          499           370          275
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              5,693         6,888        7,850         7,354        5,021
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $ 8.61        $ 7.94       $ 7.51            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                125            61           11            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                605           410           22            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Index
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $16.75        $14.46       $14.10        $12.18       $ 8.48
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                323           325          378           358          240
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              2,912         3,372         3.996        4,084        1,913
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/TCW Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $15.76        $16.68       $16.30            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                 12            13            2            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                104           146           19            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Templeton Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                           10.75            --           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                 28            --           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                298            --           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/UBS Growth and Income
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $ 6.12        $ 5.45       $ 5.08            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                 69            33            4            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                397           286           69            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Comstock
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $11.87        $10.41           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                129            40           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                647           410           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Emerging Markets Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $18.41        $13.65       $10.45        $ 8.58       $ 5.59
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                929           929          860           837          857
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              4,518         5,043        4,587         4,232        2,823
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $13.28        $12.35           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                 30            33           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                322           172           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                          $14.22        $11.88       $11.36            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                 50             6           --            --           --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                168            40            1            --           --
- -----------------------------------------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------------------------------
                                                                           For the years ending December 31,
                                                                   ----------------------------------------------------------------
                                                                    2001           2000          1999          1998         1997
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                             
EQ/PIMCO Real Return
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Short Duration Bond
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Small Cap Value
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                        $12.37         $10.68        $ 9.15         $9.14         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            3,274          2,109            98           344         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Index
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                        $10.90         $10.86        $11.42         $9.61         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              239            113            23            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            1,535          1,382           522           211         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/TCW Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Templeton Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/UBS Growth and Income
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Comstock
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Emerging Markets Equity
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                        $ 6.04         $ 6.47        $10.97         $5.70         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)              821            715           126            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            3,043          2,958           962           203         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap
- -----------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               --             --            --            --         --
- -----------------------------------------------------------------------------------------------------------------------------------



A-6 Appendix I: Condensed financial information


Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who purchased an Accumulator(R) Select(SM) QP contract should discuss
with their tax advisors whether this is an appropriate investment vehicle for
the employer's plan. Trustees should consider whether the plan provisions permit
the investment of plan assets in the QP contract, the distribution of such an
annuity, the purchase of the Guaranteed minimum income benefit under baseBUILDER
and other guaranteed benefits and the payment of death benefits in accordance
with the requirements of the federal income tax rules. The QP contract and this
prospectus should be reviewed in full, and the following factors, among others,
should be noted. Assuming continued plan qualification and operation, earnings
on qualified plan assets will accumulate value on a tax-deferred basis even if
the plan is not funded by the Accumulator(R) Select(SM) QP contract or another
annuity contract. Therefore, you should purchase an Accumulator(R) QP contract
to fund a plan for the contract's features and benefits other than tax deferral,
after considering the relative costs and benefits of annuity contracts and other
types of arrangements and funding vehicles.

We will not accept defined benefit plans. This QP contract accepts only transfer
contributions from other investments within an existing qualified plan trust. We
will not accept ongoing payroll contributions or other contributions from the
employer. For 401(k) plans, no employee after-tax contributions are accepted. A
"designated Roth contribution account" is not available in the QP contract.
Checks written on accounts held in the name of the employer instead of the plan
or the trustee will not be accepted. Only one additional transfer contribution
may be made per contract year. If amounts attributable to an excess or mistaken
contribution must be withdrawn, a market value adjustment may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely responsible
for performing or providing for all such services. There is no loan feature
offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.

Given that required minimum distributions must generally commence from the plan
for participants after age 70-1/2, trustees should consider that:

o   the QP contract may not be an appropriate purchase for participants
    approaching or over age 70-1/2;

o   provisions in the Treasury Regulations on required minimum distributions
    require that the actuarial present value of additional annuity contract
    benefits be added to the dollar amount credited for purposes of calculating
    required minimum distributions. This could increase the amounts required to
    be distributed;

o   Contributions after age 70-1/2 must be net of any required minimum
    distributions; and

o   the guaranteed minimum income benefit under baseBUILDER may not be an
    appropriate feature for participants who are older than age 60-1/2 when the
    contract is issued.

Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the plan
to engage in prohibited discrimination in contributions, benefits or otherwise.


                       Appendix II: Purchase considerations for QP contracts B-1



Appendix III: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated on
February 15, 2007 to a fixed maturity option with a maturity date of February
15, 2015 (eight years later) at a hypothetical rate to maturity of 7.00%(h),
resulting in a maturity value of $171,882 on the maturity date. We further
assume that a withdrawal of $50,000 is made four years later on February 15,
2011(a)





- ------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                                ----------------------
                                                                                  5.00%        9.00%
- ------------------------------------------------------------------------------------------------------
                                                                                       
 As of February 15, 2011 before withdrawal
- ------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- ------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- ------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
- ------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- ------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                               $  3,637     $ (3,847)
- ------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- ------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- ------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                            $ 84,741     $ 77,257
- ------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- ------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:

 (a)  Number of days from the withdrawal date to the maturity date = D = 1,461

 (b)  Market adjusted amount is based on the following calculation:

     Maturity value                $171,882
      --------------     =      ------------------      where is either 5% or 9%
      (1+j)((D/365))            (1+j)((1,461/365))

 (c)  Fixed maturity amount is based on the following calculation:

      Maturity value                 $171,882
      --------------     =      ---------------------
      (1+h)((D/365))            (1+0.07)((1,461/365))

 (d)  Maturity value is based on the following calculation:

      Fixed maturity amount         $84,741 or $77,257
      ---------------------    =   ---------------------
      (1+h)((D/365))               (1+0.07)((1,461/365))


C-1 Appendix III: Market value adjustment example


Appendix IV: Guaranteed minimum death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the guaranteed minimum death benefit.


The following illustrates the guaranteed minimum death benefit calculation.
Assuming $100,000 is allocated to the variable investment options (with no
allocation to the Multimanager Core Bond, EQ/AllianceBernstein Intermediate
Government Securities, EQ/Money Market, EQ/AllianceBernstein Quality Bond or
EQ/Short Duration Bond options or the fixed maturity options), no additional
contributions, no transfers, no withdrawals and no loans under a Rollover TSA
contract, the guaranteed minimum death benefit for an annuitant age 45 would be
calculated as follows:


- --------------------------------------------------------------------------------
   End of                      5% Roll-Up to age 80    Annual ratchet to age 80
 contract                       guaranteed minimum        guaranteed minimum
   year       Account value      death benefit(1)            death benefit
- --------------------------------------------------------------------------------
     1         $105,000            $105,000(1)                $105,000(3)
- --------------------------------------------------------------------------------
     2         $115,500            $110,250(2)                $115,500(3)
- --------------------------------------------------------------------------------
     3         $129,360            $115,763(2)                $129,360(3)
- --------------------------------------------------------------------------------
     4         $103,488            $121,551(1)                $129,360(4)
- --------------------------------------------------------------------------------
     5         $113,837            $127,628(1)                $129,360(4)
- --------------------------------------------------------------------------------
     6         $127,497            $134,010(1)                $129,360(4)
- --------------------------------------------------------------------------------
     7         $127,497            $140,710(1)                $129,360(4)
- --------------------------------------------------------------------------------

The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%. We
are using these rates solely to illustrate how the benefit is determined. The
return rates bear no relationship to past or future investment results.

5% ROLL-UP TO AGE 80

(1) At the end of contract year 1, and again at the end of contract years 4
through 7, the death benefit will be the guaranteed minimum death benefit.

(2) At the end of contract years 2 and 3, the death benefit will be the current
account value since it is higher than the current guaranteed minimum death
benefit.

ANNUAL RATCHET TO AGE 80

(3) At the end of contract years 1 through 3, the guaranteed minimum death
benefit is the current account value.

(4) At the end of contract years 4 through 7, the guaranteed minimum death
benefit is the guaranteed minimum death benefit at the end of the prior year
since it is equal to or higher than the current account value.


                       Appendix IV: Guaranteed minimum death benefit example D-1


Appendix V: Hypothetical illustrations

- --------------------------------------------------------------------------------

       ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED
                                MINIMUM BENEFITS

The following tables illustrate the changes in account value, cash value and the
values of the "5% Roll-Up to age 80" Guaranteed minimum death benefit, the
Protection Plus(SM) benefit and the Guaranteed minimum income benefit under
certain hypothetical circumstances for an Accumulator(R) Select(SM) contract.
The table illustrates the operation of a contract based on a male, issue age 60,
who makes a single $100,000 contribution and takes no withdrawals. The amounts
shown are for the beginning of each contract year and assume that all of the
account value is invested in portfolios that achieve investment returns at
constant gross annual rates of 0% and 6% (i.e., before any investment management
fees, 12b-1 fees or other expenses are deducted from the underlying portfolio
assets). After the deduction of the arithmetic average of the investment
management fees, 12b-1 fees and other expenses of all of the underlying
Portfolios (as described below), the corresponding net annual rates of return
would be (2.89)% and 3.11% for the Accumulator(R) Select(SM) contract, at the 0%
and 6% gross annual rates, respectively. These net annual rates of return
reflect the trust and separate account level charges, but they do not reflect
the charges we deduct from your account value annually for the 5% Roll-Up to age
80 Guaranteed minimum death benefit, Protection Plus(SM) benefit, and the
Guaranteed minimum income benefit features, as well as the annual administrative
charge. If the net annual rates of return did reflect these charges, the net
annual rates of return shown would be lower; however, the values shown in the
following tables reflect the following contract charges: the "5% Roll-Up to age
80" Guaranteed minimum death benefit charge, the Protection Plus(SM) benefit
charge, the Guaranteed minimum income benefit charge and any applicable
administrative charge. The values shown under "Lifetime Annual Guaranteed
Minimum Income Benefit" reflect the lifetime income that would be guaranteed if
the Guaranteed minimum income benefit is selected at that contract date
anniversary. An "N/A" in these columns indicates that the benefit is not
exercisable in that year. A "0" under any of the death benefit and/or "Lifetime
Annual Guaranteed Minimum Income Benefit" columns indicates that the contract
has terminated due to insufficient account value and, consequently, the
guaranteed benefit has no value.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.68%, and (2) an assumed average
asset charge for all other expenses of the underlying portfolios equivalent to
an effective annual rate of 0.36% and (3) 12b-1 fees equivalent to an effective
annual rate of 0.25%. These rates are the arithmetic average for all portfolios
that are available as investment options. In other words, they are based on the
hypothetical assumption that account values are allocated equally among the
variable investment options. The actual rates associated with any contract will
vary depending upon the actual allocation of contract values among the
investment options. These rates do not reflect expense limitation arrangements
in effect with respect to certain of the underlying portfolios as described in
the footnotes to the fee table for the underlying portfolios in "Fee Table"
earlier in this prospectus. With these arrangements, the charges shown above
would be lower. This would result in higher values than those shown in the
following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

E-1 Appendix V: Hypothetical illustrations


Variable deferred annuity
Accumulator(R) Select(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  5% Roll-Up to age 80 Guaranteed minimum death benefit
  Protection Plus
  Guaranteed minimum income benefit




                                                                 5% Roll-Up
                                                                  to age 80                                 Lifetime Annual
                                                                 Guaranteed          Total Death Benefit       Guaranteed
                                                                Minimum Death          with Protection          Minimum
                      Account Value         Cash Value             Benefit                  Plus             Income Benefit
        Contract    -----------------    -----------------    ------------------     -------------------    ----------------
          Year         0%        6%         0%        6%         0%         6%          0%         6%         0%        6%
  Age   --------    -------   -------    -------   -------    -------    -------     -------     -------    ------    ------
                                                                                    
  60        1       100,000   100,000    100,000   100,000    100,000    100,000     100,000     100,000      N/A       N/A
  61        2        96,601   102,589     96,601   102,589    105,000    105,000     107,000     107,000      N/A       N/A
  62        3        93,291   105,237     93,291   105,237    110,250    110,250     114,350     114,350      N/A       N/A
  63        4        90,066   107,946     90,066   107,946    115,763    115,763     122,068     122,068      N/A       N/A
  64        5        86,924   110,715     86,924   110,715    121,551    121,551     130,171     130,171      N/A       N/A
  65        6        83,860   113,547     83,860   113,547    127,628    127,628     138,679     138,679      N/A       N/A
  66        7        80,871   116,443     80,871   116,443    134,010    134,010     147,613     147,613      N/A       N/A
  67        8        77,955   119,402     77,955   119,402    140,710    140,710     156,994     156,994      N/A       N/A
  68        9        75,107   122,426     75,107   122,426    147,746    147,746     166,844     166,844      N/A       N/A
  69       10        72,326   125,515     72,326   125,515    155,133    155,133     177,186     177,186      N/A       N/A
  74       15        59,293   141,974     59,293   141,974    197,993    197,993     237,190     237,190    13,860    13,860
  79       20        47,446   160,178     47,446    16,178    252,695    252,695     313,773     313,773    21,201    21,201
  84       25        36,825   180,606     36,825   180,606    265,330    265,330     331,462     331,462    26,560    26,560
  89       30        30,784   207,504     30,784   207,504    265,330    265,330     331,462     331,462      N/A       N/A
  94       35        26,320   239,432     26,320   239,432    265,330    265,330     331,462     331,462      N/A       N/A
  95       36        25,509   246,385     25,509   246,385    265,330    265,330     331,462     331,462      N/A       N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for individual
contract years. We can make no representation that these hypothetical investment
results can be achieved for any one year or continued over any period of time.
In fact, for any given period of time, the investment results could be negative.


                                      Appendix V: Hypothetical illustrations E-2


Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                           Page


Who is AXA Equitable?                                                        2

Unit Values                                                                  2
Custodian and Independent Registered Public Accounting Firm                  2
Distribution of the Contracts                                                2

Financial Statements                                                         3


How to obtain an Accumulator(R) Select(SM) Statement of Additional Information
for Separate Account No. 45 and Separate Account No. 49

Send this request form to:
  Accumulator(R) Select(SM)
  P.O. Box 1547
  Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -


Please send me a combined Accumulator(R) Select SAI for Separate Account No. 45
and Separate Account No. 49 dated May 1, 2007:



- --------------------------------------------------------------------------------
Name


- --------------------------------------------------------------------------------
Address


- --------------------------------------------------------------------------------

City           State    Zip

                           Accum '02, OR, '04, '06, Jumpstart '07 and '07 Series
                                                                          x01482




Accumulator(R) Select(SM)
A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing, or taking any
other action under your contract. You should read the prospectuses for each
Trust which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) SELECT(SM)


Accumulator(R) Select(SM) is a deferred annuity contract issued by AXA Equitable
Life Insurance Company. It provides for the accumulation of retirement savings
and for income. The contract offers income and death benefit protection. It
also offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option or fixed maturity options ("investment options").
There is no withdrawal charge under the contract. Certain features and benefits
described in this Prospectus may vary in your state; all features and benefits
may not be available in all contracts, in all states or from all selling
broker-dealers. Please see Appendix VII later in this Prospectus for more
information on state availability and/or variations of certain features and
benefits.





- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
                                     
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------




(1)  The "AXA Allocation" portfolios.

*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name. ** This investment option will be
     available on or about May 29, 2007, subject to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.


You may also allocate amounts to the guaranteed interest option and the fixed
maturity options, which are discussed later in this Prospectus.

TYPES OF CONTRACTS. We offer the contracts for use as:

o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
   IRA") or Roth IRA ("Roth Conversion IRA").


o  Traditional and Roth Inherited IRA beneficiary continuation contract
   ("Inherited IRA") (direct transfer and specified direct rollover
   contributions only).


o  An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $25,000 is required to purchase a contract.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547, or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.

Although this Prospectus is primarily designed for potential purchasers of the
contract, you may have previously purchased a contract and be receiving this
Prospectus as a current contract owner. If you are a current contract owner,
you should note that the options, features and charges of the contract may have
varied over time (and, as noted above, may vary depending on your state) and
you may not change your contract or its features as issued. For more
information about the particular options, features and charges applicable to
you, please contact your financial professional and/or refer to your contract
and/or see Appendix VIII for contract variations later in this Prospectus.


                                                      Select 02/04 Series X01488
                                                                        (R-4/15)





Contents of this Prospectus
- --------------------------------------------------------------------

- --------------------------------------------------------------------------------
(Not all of the features listed are available under all contracts or in all
states.)

- --------------------------------------------------------------------------------

ACCUMULATOR(R) SELECT(SM)
- --------------------------------------------------------------------------------

Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) Select(SM) at a glance -- key features                        9


- --------------------------------------------------------------------------------
FEE TABLE                                                                   13
- --------------------------------------------------------------------------------
Example                                                                     17
Condensed financial information                                             19


- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           20
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        20
Owner and annuitant requirements                                            24
How you can make your contributions                                         24
What are your investment options under the contract?                        24
Portfolios of the Trusts                                                    25
Allocating your contributions                                               31
Guaranteed minimum death benefit and
     Guaranteed minimum income benefit base                                 34
Annuity purchase factors                                                    35

Guaranteed minimum income benefit option*                                   35

Guaranteed minimum death benefit                                            38
Principal Protector(SM)                                                     39
Inherited IRA beneficiary continuation contract                             42
Your right to cancel within a certain number of days                        43


- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        44
- --------------------------------------------------------------------------------
Your account value and cash value                                           44
Your contract's value in the variable investment options                    44
Your contract's value in the guaranteed interest option                     44
Your contract's value in the fixed maturity options                         44
Insufficient account value                                                  44



- ----------------------
*    Depending on when you purchased your contract, this benefit may be called
     the "Living Benefit." Accordingly, if applicable, all references to the
     Guaranteed minimum income benefit in this Prospectus and any related
     registration statement documents are references to the Living Benefit.

"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.



2  Contents of this Prospectus



- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG
   INVESTMENT OPTIONS                                                       46
- --------------------------------------------------------------------------------
Transferring your account value                                             46
Disruptive transfer activity                                                46

Rebalancing your account value                                              47


- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     49
- --------------------------------------------------------------------------------
Withdrawing your account value                                              49
How withdrawals are taken from your account value                           50
How withdrawals (and transfers out of the Special 10 year fixed
     maturity option) affect your Guaranteed minimum
     income benefit, Guaranteed minimum death benefit and
     Guaranteed principal benefit option 2                                  50
How withdrawals affect Principal Protector(SM)                              51
Withdrawals treated as surrenders                                           51
Loans under Rollover TSA contracts                                          51
Surrendering your contract to receive its cash value                        52
When to expect payments                                                     52
Your annuity payout options                                                 52

- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     55
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          55
Charges that the Trusts deduct                                              58
Group or sponsored arrangements                                             58
Other distribution arrangements                                             58

- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 59
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     59
How death benefit payment is made                                           60
Spousal protection                                                          61
Beneficiary continuation option                                             61

- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          65
- --------------------------------------------------------------------------------
Overview                                                                    65
Buying a contract to fund a retirement arrangement                          65
Transfers among investment options                                          65
Taxation of nonqualified annuities                                          65
Individual retirement arrangements (IRAs)                                   67
Tax-sheltered annuity contracts (TSAs)                                      76
Federal and state income tax withholding and
     information reporting                                                  80
Impact of taxes to AXA Equitable                                            81

- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         82
- --------------------------------------------------------------------------------
About our Separate Account No. 49                                           82
About the Trusts                                                            82
About our fixed maturity options                                            82
About the general account                                                   83
About other methods of payment                                              84
Dates and prices at which contract events occur                             84
About your voting rights                                                    85
About legal proceedings                                                     85
Financial statements                                                        85

Transfers of ownership, collateral assignments, loans
     and borrowing                                                          85

About Custodial IRAs                                                        86
Distribution of the contracts                                               86

- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          88
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
I    -- Condensed financial information                                     A-1
II   -- Market value adjustment example                                     B-1
III  -- Enhanced death benefit example                                      C-1
IV   -- Hypothetical illustrations                                          D-1
V    -- Guaranteed principal benefit example                                E-1
VI   -- Protection Plus(SM) example                                         F-1
VII  -- State contract availability and/or variations of certain
           features and benefits                                            G-1
VIII -- Contract variations                                                 H-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3



Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.


                                                                     Page in
   Term                                                           Prospectus

   6% Roll-Up to age 85 enhanced death benefit                            34
   12 month dollar cost averaging                                         33
   account value                                                          44
   administrative charge                                                  55
   annual administrative charge                                           55
   Annual Ratchet to age 85 enhanced death benefit                        34
   annuitant                                                              20
   annuitization                                                          52
   annuity maturity date                                                  54
   annuity payout options                                                 52
   annuity purchase factors                                               35
   automatic investment program                                           84
   beneficiary                                                            59
   Beneficiary continuation option ("BCO")                                61
   benefit base                                                           34
   business day                                                           84
   cash value                                                             44
   charges for state premium and other applicable taxes                   57
   contract date                                                          24
   contract date anniversary                                              24
   contract year                                                          24
   contributions to Roth IRAs                                             73
     regular contributions                                                73
     rollovers and transfers                                              74
     conversion contributions                                             74
   contributions to traditional IRAs                                      68
     regular contributions                                                68
     rollovers and transfers                                              69
   disruptive transfer activity                                           46
   distribution charge                                                    55
   EQAccess                                                                7
   ERISA                                                                  51
   Fixed-dollar option                                                    33
   fixed maturity options                                                 30
   free look                                                              43
   general account                                                        83
   general dollar cost averaging                                          33
   guaranteed interest option                                             30
   Guaranteed minimum death benefit                                       38
   Guaranteed minimum death benefit charge                                56
   Guaranteed minimum death benefit/guaranteed minimum
    income benefit roll-up benefit base reset option                      35
   Guaranteed minimum income benefit                                      35
   Guaranteed minimum income benefit charge                               56
   Guaranteed minimum income benefit "no lapse guarantee"                 36


                                                                     Page in
   Term                                                           Prospectus

   Guaranteed principal benefits                                          31
   IRA                                                                 cover
   IRS                                                                    65
   Inherited IRA                                                       cover
   investment options                                                  cover
   Investment Simplifier                                                  33
   Lifetime minimum distribution withdrawals                              50
   loan reserve account                                                   51
   loans under Rollover TSA                                               51
   market adjusted amount                                                 30
   market timing                                                          46
   maturity dates                                                         30
   market value adjustment                                                30
   maturity value                                                         30
   Mortality and expense risks charge                                     55
   NQ                                                                  cover
   Optional step up charge                                                57
   partial withdrawals                                                    49
   portfolio                                                           cover
   Principal assurance                                                    31
   processing office                                                       7
   Principal Protector(SM)                                                39
   Principal Protector(SM) charge                                         57
   Protection Plus(SM)                                                    38
   Protection Plus(SM) charge                                             57
   rate to maturity                                                       30
   Rebalancing                                                            47
   Rollover IRA                                                        cover
   Roth IRA                                                            cover
   SAI                                                                 cover
   SEC                                                                 cover
   self-directed allocation                                               31
   Separate Account No. 49                                                82
   Spousal protection                                                     61
   Standard death benefit                                                 34
   substantially equal withdrawals                                        49
   Successor owner and annuitant                                          60
   Systematic withdrawals                                                 49
   TOPS                                                                    7
   Trusts                                                                 82
   traditional IRA                                                     cover
   TSA                                                                 cover
   unit                                                                   44
   variable investment options                                            24
   wire transmittals and electronic applications                          84

To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract. Also, depending on when you purchased your contract, some of these
may not apply to you or may be named differently under your contract. Your
financial professional can provide further explanation about your contract or
supplemental materials.


- --------------------------------------------------------------------------------
   Prospectus                    Contract or Supplemental Materials
- --------------------------------------------------------------------------------
   fixed maturity options        Guarantee Periods (Guaranteed Fixed Interest
                                   Accounts in supplemental materials)
   variable investment options   Investment Funds
   account value                 Annuity Account Value
- --------------------------------------------------------------------------------

4 Index of key words and phrases




- --------------------------------------------------------------------------------
   Prospectus                          Contract or Supplemental Materials
- --------------------------------------------------------------------------------
   rate to maturity                    Guaranteed Rates
   unit                                Accumulation Unit
   Guaranteed minimum death benefit    Guaranteed death benefit
   Guaranteed minimum income benefit   Guaranteed Income Benefit or Living
                                         Benefit
   guaranteed interest option          Guaranteed Interest Account
   Principal Protector(SM)             Guaranteed withdrawal benefit
   GWB benefit base                    Principal Protector(SM) benefit base
   GWB Annual withdrawal amount        Principal Protector(SM) Annual withdrawal
                                         amount
   GWB Annual withdrawal option        Principal Protector(SM) Annual withdrawal
                                         option
   GWB Excess withdrawal               Principal Protector(SM) Excess withdrawal
- --------------------------------------------------------------------------------


                                                Index of key words and phrases 5



Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


6  Who is AXA Equitable?



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------


Accumulator(R) Select(SM)
P.O. Box 13014
Newark, NJ 07188-0014


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------


Accumulator(R) Select(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS DELIV-
 ERY:
- --------------------------------------------------------------------------------


Accumulator(R) Select(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------

o    written confirmation of financial transactions;

o    statement of your contract  values at the close of each calendar  year, and
     any calendar quarter in which there was a transaction; and


o    annual statement of your contract values as of the close of the contract
     year, including notification of eligibility to exercise the Guaranteed
     minimum income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------

TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o    your current account value;

o    your current allocation percentages;

o    the number of units you have in the variable investment options;

o    rates to maturity for the fixed maturity options (not available through
     EQAccess);

o    the daily unit values for the variable investment options; and

o    performance information regarding the variable investment options (not
     available through TOPS).

You can also:

o    change your allocation percentages and/or transfer among the investment
     options;

o    elect to receive certain contract statements electronically;

o    change your address (not available through TOPS);

o    change your TOPS personal identification number ("PIN") (through TOPS only)
     and your EQAccess password (through EQAccess only); and

o    access Frequently Asked Questions and Service Forms (not available through
     TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors, you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.


We have established procedures to reasonably confirm that the instructions
communicated by telephone or the Internet are genuine. For example, we will
require certain personal identification information before we will act on
telephone or Internet instructions and we will provide written confirmation of
any transfers. If we do not employ reasonable procedures to confirm the
genuineness of telephone or Internet instructions, we may be liable for any
losses arising out of any act or omission that constitutes negligence, lack of
good faith, or willful misconduct. In light of our procedures, we will not be
liable for following telephone or Internet instructions we reasonably believe
to be genuine.


We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

                                                        Who is AXA Equitable?  7



- --------------------------------------------------------------------------------
  CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts;

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;

(14) requests to reset your Roll-Up benefit base (for certain contracts with
     both the Guaranteed minimum income benefit and the Greater of the 6%
     Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death benefit);


(15) requests to step up your Guaranteed withdrawal benefit ("GWB") benefit
     base, if applicable, under the Optional step up provision;

(16) requests to terminate or reinstate your GWB, if applicable, under the
     Beneficiary continuation option, if applicable;

(17) death claims;

(18) change in ownership (NQ only), if available under your contract; and

(19) enrollment in our "automatic required minimum distribution (RMD) service."


WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6)  12 month dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  12 month dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners both must sign.


8  Who is AXA Equitable?




Accumulator(R) Select(SM) at a glance -- key features


- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
(Not all of the features listed are available under all contracts or in all
states.)




- ------------------------------------------------------------------------------------------------------------------------------------
                          
Professional investment      Accumulator(R) Select(SM)'s variable investment options invest in different portfolios managed by
management                   professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options       o  Fixed maturity options with maturities ranging from approximately 1 to 10 years (subject to
                                availability).

                             o  Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                                maturity.

                             o  Special 10 year fixed maturity option (available under Guaranteed principal benefit option 2 only).
                             -------------------------------------------------------------------------------------------------------
                             If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a
                             market value adjustment due to differences in interest rates. If you withdraw or transfer only a
                             portion of a fixed maturity amount, this may increase or decrease any value that you have left in that
                             fixed maturity option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed interest          o  Principal and interest guarantees.
option
                             o  Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations           o  No tax on earnings inside the contract until you make withdrawals from your contract or receive
                                annuity payments.

                             o  No tax on transfers among investment options inside the contract.
                             -------------------------------------------------------------------------------------------------------
                             If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA), or tax sheltered
                             annuity (TSA) you should be aware that such annuities do not provide tax deferral benefits beyond those
                             already provided by the Internal Revenue Code. Before purchasing one of these annuities, you should
                             consider whether its features and benefits beyond tax deferral meet your needs and goals. You may also
                             want to consider the relative features, benefits and costs of these annuities compared with any other
                             investment that you may use in connection with your retirement plan or arrangement. Depending on your
                             personal situation, the contract's guaranteed benefits may have limited usefulness because of required
                             minimum distributions ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum           The Guaranteed minimum income benefit provides income protection for you during the annuitant's life
income benefit (or "Living   once you elect to annuitize the contract.
Benefit")
- ------------------------------------------------------------------------------------------------------------------------------------
Principal Protector(SM)      Principal Protector(SM) is our optional Guaranteed withdrawal benefit ("GWB"), which provides for
                             recovery of your total contributions through withdrawals, even if your account value falls to zero,
                             provided that during each contract year, your total withdrawals do not exceed a specified amount. This
                             feature may not be available under your contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts         o  Initial minimum:     $25,000

                             o  Additional minimum:  $500 (NQ and Rollover TSA)
                                                     $100 monthly and $300 quarterly under our automatic investment program
                                                     (NQ contracts)
                                                     $1,000 (Inherited IRA contracts)
                                                     $50 (IRA contracts)

                             Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                             ($500,000 for certain owners or annuitants who are age 81 and older at contract issue). See "How you
                             can purchase and contribute to your contract" in "Contract features and benefits" later in this
                             Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------



                         Accumulator(R) Select(SM) at a glance -- key features 9





- ------------------------------------------------------------------------------------------------------------------------------------
                          

Access to your money         o  Partial withdrawals

                             o  Several withdrawal options on a periodic basis

                             o  Loans under Rollover TSA contracts

                             o  Contract surrender

                             You may incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional
                             benefits.
- ------------------------------------------------------------------------------------------------------------------------------------
Payout options               o  Fixed annuity payout options

                             o  Variable Immediate Annuity payout options (described in a separate prospectus for that option)

                             o  Income Manager(SM) payout options (described in a separate prospectus for that option)
- ------------------------------------------------------------------------------------------------------------------------------------
Additional features*         o  Guaranteed minimum death benefit options

                             o  Guaranteed principal benefit options (including Principal assurance)

                             o  Dollar cost averaging

                             o  Automatic investment program

                             o  Account value rebalancing (quarterly, semi-annually and annually)

                             o  Free transfers

                             o  Protection Plus(SM), an optional death benefit available under certain contracts (subject to state
                                availability)

                             o  Spousal protection (not available under certain contracts)

                             o  Successor owner/annuitant

                             o  Beneficiary continuation option

                             o  Guaranteed minimum income benefit no lapse guarantee (available under contracts with applications
                                that were signed and submitted on or after January 1, 2005 subject to state availability)

                             o  Guaranteed minimum death benefit/guaranteed minimum income benefit roll-up benefit base reset
                                (available under contracts with applications that were signed and submitted on or after October 1,
                                2005 subject to state availability).

*  Not all features are available under all contracts. Please see Appendix VIII later in this Prospectus for more information.
- ------------------------------------------------------------------------------------------------------------------------------------



10 Accumulator(R) Select(SM) at a glance -- key features





- ------------------------------------------------------------------------------------------------------------------------------------
                          
Fees and charges+            o  Daily charges on amounts invested in the variable investment options for mortality and expense
                                risks, administrative charges and distribution charges at an annual rate of 1.70%.

                             o  The charges for the Guaranteed minimum death benefits range from 0.0% to 0.60%, annually, of the
                                applicable benefit base. The benefit base is described under "Guaranteed minimum death benefit and
                                Guaranteed minimum income benefit base" in "Contract features and benefits" later in this
                                Prospectus.

                             o  An annual charge of 0.65% of the applicable benefit base charge for the optional Guaranteed minimum
                                income benefit until you exercise the benefit, elect another annuity payout option or the contract
                                date anniversary after the annuitant reaches age 85, whichever occurs first. The benefit base is
                                described under "Guaranteed minimum death benefit and Guaranteed minimum income benefit base" in
                                "Contract features and benefits" later in this Prospectus.

                             o  An annual charge for the optional Guaranteed principal benefit option 2 (if available) deducted the
                                first 10 contract date anniversaries equal to 0.50% of account value.

                             o  If your account value at the end of the contract year is less than $50,000, we deduct an annual
                                administrative charge equal to $30, or during the first two contract years, 2% of your account
                                value, if less. If your account value on the contract date anniversary, is $50,000 or more, we will
                                not deduct the charge.

                             o  An annual charge of 0.35% of your account value for the 5% GWB Annual withdrawal option (if
                                available) or 0.50% of your account value for the 7% GWB Annual withdrawal option (if available) for
                                the Principal Protector(SM) benefit. If you "step up" your GWB benefit base, we reserve the right to
                                raise the charge up to 0.60% and 0.80%, respectively. See "Principal Protector(SM)" in "Contract
                                features and benefits" later in this Prospectus.

                             o  An annual charge of 0.35% of your account value for the Protection Plus(SM) optional death benefit.

                             o  No sales charge deducted at the time you make contributions and no withdrawal charge.

                             -------------------------------------------------------------------------------------------------------
                             The "contract date" is the effective date of a contract. This usually is the business day we receive
                             the properly completed and signed application, along with any other required documents, and your
                             initial contribution. Your contract date will be shown in your contract. The 12-month period beginning
                             on your contract date and each 12-month period after that date is a "contract year." The end of each
                             12-month period is your "contract date anniversary." For example, if your contract date is May 1, your
                             contract date anniversary is April 30.
                             -------------------------------------------------------------------------------------------------------

                             o  We deduct a charge designed to approximate certain taxes that may be imposed on us, such as premium
                                taxes in your state. This charge is generally deducted from the amount applied to an annuity payout
                                option.

                             o  We currently deduct a $350 annuity administrative fee from amounts applied to purchase the variable
                                immediate annuitization payout option. This option is described in a separate prospectus that is
                                available from your financial professional.

                             o  Annual expenses of the Trusts' portfolios are calculated as a percentage of the average daily net
                                assets invested in each portfolio. Please see "Fee Table" later in this Prospectus for details.

+  The fees and charges shown in this section are the maximum charges a contract owner will pay. Please see your contract for the
   fees and charges that apply to you. Also, some of the optional benefits may not be available under your contract.
- ------------------------------------------------------------------------------------------------------------------------------------



                        Accumulator(R) Select(SM) at a glance -- key features 11




- --------------------------------------------------------------------------------
Annuitant issue ages         NQ: 0-85
                             Rollover IRA, Roth Conversion IRA and
                             Rollover TSA: 20-85
                             Inherited IRA: 0-70
- --------------------------------------------------------------------------------


The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VII later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional or call us, if you have questions. If for any reason you
are not satisfied with your contract, you may return it to us for a refund
within a certain number of days. Please see "Your right to cancel within a
certain number of days" later in this Prospectus for additional information.

Other contracts


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


12 Accumulator(R) Select(SM) at a glance -- key features



Fee table

- --------------------------------------------------------------------------------


The following tables describe the fees and expenses that you will pay when
buying and owning the contract. Each of the charges and expenses is more fully
described in "Charges and expenses" later in this Prospectus. The fees and
charges shown in this section are the maximum fees and charges that a contract
owner will pay. Please see your contract and/or Appendix VIII later in this
prospectus for the fees and charges that apply under your contract.

If you are a prospective contract owner, all features listed below may not be
currently available. Similarly, if you are a current contract owner, all
features listed below may not have been available at the time you purchased
your contract. See Appendix IX later in this Prospectus for more information.

The first table describes fees and expenses that you will pay if you purchase a
Variable Immediate Annuity payout option. Charges designed to approximate
certain taxes that may be imposed on us, such as premium taxes in your state,
may also apply.





- ------------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value at the time you request certain
transactions
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                    
Charge if you elect a variable payout option upon
annuitization (which is described in a separate
prospectus for that option)                                            $350

- ------------------------------------------------------------------------------------------------------------------------------------
The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the underlying trust
portfolio fees and expenses.
- ------------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value on each contract date anniversary
- ------------------------------------------------------------------------------------------------------------------------------------
Maximum annual administrative charge(1)

     If your account value on a contract date
     anniversary is less than $ 50,000(2)                              $ 30

     If your account value on a contract date
     anniversary is $50,000 or more                                    $  0
- ------------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual
percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                            1.10%(3)
Administrative                                                         0.25%
Distribution                                                           0.35%
                                                                       -------
Total Separate account annual expenses                                 1.70%

- ------------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect any of the following optional benefits
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as
a percentage of the applicable benefit base. Deducted
annually(1) on each contract date anniversary for which
the benefit is in effect.)

     Standard death benefit                                            0.00%

     Annual Ratchet to age 85                                          0.30% of the Annual Ratchet to age 85 benefit base (maximum);
                                                                       0.25% (current)

     6% Roll-Up to age 85                                              0.45% of the 6% Roll-Up to age 85 benefit base

     Greater of 5% Roll-Up to age 85 or Annual Ratchet to age 85       0.50% of the greater of 5% Roll-Up to age 85 benefit base of
                                                                       the Annual Ratchet to age 85 benefit base, as applicable.

     Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85       0.60% of the greater of 6% Roll-Up to age 85 benefit base or
                                                                       the Annual Ratchet to age 85 benefit base, as applicable
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed principal benefit charge for option 2
(calculated as a percentage of the account value.
Deducted annually(1) on the first 10 contract date
anniversaries.)                                                        0.50%
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum income (or "Living Benefit") benefit
charge (calculated as a percentage of the applicable
benefit base. Deducted annually(1) on each contract
date anniversary for which the benefit is in effect.)                  0.65%
- ------------------------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 13





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
Protection Plus(SM) benefit charge (calculated as a percentage of
the account value. Deducted annually(1) on each contract date
anniversary for which the benefit is in effect.)                                       0.35%
- ------------------------------------------------------------------------------------------------------------------------------------

Principal Protector(SM) benefit charge(1) (calculated as a percentage of the           0.35% for the 5% GWB Annual withdrawal option
account value. Deducted annually on each contract date anniversary, provided
your GWB benefit base is greater than zero.)                                           0.50% for the 7% GWB Annual withdrawal option

If you "step up" your GWB benefit base, we reserve the right to increase your          0.60% for the 5% GWB Annual withdrawal option
charge up to:
                                                                                       0.80% for the 7% GWB Annual withdrawal option

Please see "Principal Protector(SM)" in "Contract features and benefits" for more information about this feature, including its
benefit base and the optional step up provision, and "Principal Protector(SM) charge" in "Charges and expenses," both later in this
Prospectus, for more information about when the charge applies.
- ------------------------------------------------------------------------------------------------------------------------------------

Net loan interest charge -- Rollover TSA contracts only (calculated and deducted       2.00%(4)
daily as a percentage of the outstanding loan amount)
- ------------------------------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.



- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               
Portfolio operating expenses expressed as an annual percentage of daily net assets        Lowest     Highest
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted            ------     -------
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or
other expenses)(5)                                                                        0.63%      3.15%






This table shows the fees and expenses for 2006 as an annual percentage of each Portfolio's daily average net assets.
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                       Acquired
                                                                                         Fund      Total
                                                                                       Fees and    Annual                 Net Total
                                                                                       Expenses   Expenses   Fee Waiv-     Annual
                                                                                      (Underly-    (Before  ers and/or    Expenses
                                                         Manage-              Other      ing       Expense    Expense      (After
                                                          ment      12b-1    Expenses  Portfo-     Limita-  Reimburse-    Expense
Portfolio Name                                           Fees(6)    Fees(7)    (8)      lios)(9)    tions)   ments(10)  Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                      
AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.10%      0.25%    0.18%     0.91%       1.44%     (0.18)%      1.26%
AXA Conservative Allocation                               0.10%      0.25%    0.22%     0.67%       1.24%     (0.22)%      1.02%
AXA Conservative-Plus Allocation                          0.10%      0.25%    0.18%     0.72%       1.25%     (0.18)%      1.07%
AXA Moderate Allocation                                   0.10%      0.25%    0.17%     0.78%       1.30%     (0.17)%      1.13%
AXA Moderate-Plus Allocation                              0.10%      0.25%    0.17%     0.85%       1.37%     (0.17)%      1.20%
Multimanager Aggressive Equity *                          0.61%      0.25%    0.19%       --        1.05%        --        1.05%
Multimanager Core Bond*                                   0.59%      0.25%    0.18%       --        1.02%     (0.07)%      0.95%
Multimanager Health Care*                                 1.20%      0.25%    0.23%       --        1.68%      0.00%       1.68%
Multimanager High Yield*                                  0.58%      0.25%    0.18%       --        1.01%        --        1.01%
Multimanager International Equity*                        1.02%      0.25%    0.26%       --        1.53%      0.00%       1.53%
Multimanager Large Cap Core Equity*                       0.90%      0.25%    0.20%       --        1.35%      0.00%       1.35%
Multimanager Large Cap Growth*                            0.90%      0.25%    0.22%       --        1.37%     (0.02)%      1.35%
Multimanager Large Cap Value*                             0.88%      0.25%    0.22%       --        1.35%      0.00%       1.35%
Multimanager Mid Cap Growth*                              1.10%      0.25%    0.20%     0.01%       1.56%      0.00%       1.56%
Multimanager Mid Cap Value*                               1.10%      0.25%    0.21%     0.03%       1.59%      0.00%       1.59%
Multimanager Technology *                                 1.20%      0.25%    0.23%       --        1.68%      0.00%       1.68%
- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%    0.13%       --        0.85%        --        0.85%
EQ/AllianceBernstein Growth and Income++                  0.56%      0.25%    0.12%       --        0.93%        --        0.93%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%    0.14%       --        0.89%        --        0.89%
EQ/AllianceBernstein International                        0.71%      0.25%    0.20%       --        1.16%     (0.06)%      1.10%
- ------------------------------------------------------------------------------------------------------------------------------------



14 Fee table



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                             Acquired
                                                                               Fund       Total
                                                                             Fees and     Annual                   Net Total
                                                                              Expenses   Expenses    Fee Waiv-      Annual
                                                                             (Underly-    (Before   ers and/or     Expenses
                                           Manage-                              ing       Expense     Expense       (After
                                            ment       12b-1     Other        Portfo-     Limita-   Reimburse-     Expense
Portfolio Name                             Fees(6)   Fees(7)   Expenses(8)    lios)(9)    tions)     ments(10)   Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                              
EQ/AllianceBernstein Large Cap Growth       0.90%      0.25%     0.11%           --        1.26%      (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond           0.50%      0.25%     0.14%           --        0.89%         --        0.89%
EQ/AllianceBernstein Small Cap Growth       0.74%      0.25%     0.13%           --        1.12%         --        1.12%
EQ/AllianceBernstein Value                  0.60%      0.25%     0.13%           --        0.98%      (0.03)%      0.95%
EQ/Ariel Appreciation II                    0.75%      0.25%     0.51%           --        1.51%      (0.36)%      1.15%
EQ/AXA Rosenberg Value Long/Short Equity    1.40%      0.25%     1.44%           --        3.09%      (1.10)%      1.99%
EQ/BlackRock Basic Value Equity*            0.55%      0.25%     0.14%           --        0.94%       0.00%       0.94%
EQ/BlackRock International Value*           0.82%      0.25%     0.21%           --        1.28%      (0.03)%      1.25%
EQ/Boston Advisors Equity Income            0.75%      0.25%     0.15%           --        1.15%      (0.10)%      1.05%
EQ/Calvert Socially Responsible             0.65%      0.25%     0.25%           --        1.15%      (0.10)%      1.05%
EQ/Capital Guardian Growth                  0.65%      0.25%     0.16%           --        1.06%      (0.11)%      0.95%
EQ/Capital Guardian International+          0.83%      0.25%     0.21%           --        1.29%      (0.09)%      1.20%
EQ/Capital Guardian Research                0.65%      0.25%     0.13%           --        1.03%      (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++           0.64%      0.25%     0.14%           --        1.03%      (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond           0.60%      0.25%     0.18%           --        1.03%      (0.03)%      1.00%
EQ/Davis New York Venture                   0.85%      0.25%     0.74%           --        1.84%      (0.54)%      1.30%
EQ/Equity 500 Index                         0.25%      0.25%     0.13%           --        0.63%         --        0.63%
EQ/Evergreen International Bond             0.70%      0.25%     0.23%           --        1.18%      (0.03)%      1.15%
EQ/Evergreen Omega                          0.65%      0.25%     0.21%           --        1.11%       0.00%       1.11%
EQ/FI Mid Cap                               0.68%      0.25%     0.15%           --        1.08%      (0.08)%      1.00%
EQ/FI Mid Cap Value+                        0.73%      0.25%     0.13%           --        1.11%      (0.01)%      1.10%
EQ/Franklin Income                          0.90%      0.25%     0.38%           --        1.53%      (0.23)%      1.30%
EQ/Franklin Small Cap Value                 0.90%      0.25%     2.00%           --        3.15%      (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**   0.05%      0.25%     0.21%         1.07%       1.58%      (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions           0.90%      0.25%     0.33%           --        1.48%      (0.03)%      1.45%
EQ/GAMCO Small Company Value                0.78%      0.25%     0.14%           --        1.17%       0.00%       1.17%
EQ/International Growth                     0.85%      0.25%     0.35%           --        1.45%       0.00%       1.45%
EQ/Janus Large Cap Growth++                 0.90%      0.25%     0.15%           --        1.30%      (0.15)%      1.15%
EQ/JPMorgan Core Bond                       0.44%      0.25%     0.15%           --        0.84%       0.00%       0.84%
EQ/JPMorgan Value Opportunities             0.60%      0.25%     0.16%           --        1.01%      (0.06)%      0.95%
EQ/Legg Mason Value Equity                  0.65%      0.25%     0.22%           --        1.12%      (0.12)%      1.00%
EQ/Long Term Bond                           0.43%      0.25%     0.15%           --        0.83%       0.00%       0.83%
EQ/Lord Abbett Growth and Income            0.65%      0.25%     0.26%           --        1.16%      (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core               0.65%      0.25%     0.41%           --        1.31%      (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                0.70%      0.25%     0.18%           --        1.13%      (0.08)%      1.05%
EQ/Marsico Focus                            0.85%      0.25%     0.13%           --        1.23%      (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+           0.65%      0.25%     0.15%           --        1.05%         --        1.05%
EQ/MFS Investors Trust+                     0.60%      0.25%     0.16%           --        1.01%      (0.06)%      0.95%
EQ/Money Market                             0.33%      0.25%     0.14%           --        0.72%         --        0.72%
EQ/Montag & Caldwell Growth                 0.75%      0.25%     0.16%           --        1.16%      (0.01)%      1.15%
EQ/Mutual Shares                            0.90%      0.25%     0.50%           --        1.65%      (0.35)%      1.30%
EQ/Oppenheimer Global                       0.95%      0.25%     1.30%         0.01%       2.51%      (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity      0.85%      0.25%     1.58%           --        2.68%      (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap        0.90%      0.25%     1.48%           --        2.63%      (1.33)%      1.30%
EQ/PIMCO Real Return                        0.55%      0.25%     0.18%           --        0.98%      (0.08)%      0.90%
EQ/Short Duration Bond                      0.43%      0.25%     0.14%           --        0.82%       0.00%       0.82%
EQ/Small Cap Value+                         0.73%      0.25%     0.15%           --        1.13%      (0.03)%      1.10%
EQ/Small Company Growth+                    1.00%      0.25%     0.17%           --        1.42%      (0.12)%      1.30%
EQ/Small Company Index                      0.25%      0.25%     0.16%         0.01%       0.67%       0.00%       0.67%
EQ/TCW Equity++                             0.80%      0.25%     0.16%           --        1.21%      (0.06)%      1.15%
EQ/Templeton Growth                         0.95%      0.25%     0.64%           --        1.84%      (0.49)%      1.35%
EQ/UBS Growth and Income                    0.75%      0.25%     0.17%           --        1.17%      (0.12)%      1.05%
EQ/Van Kampen Comstock                      0.65%      0.25%     0.19%           --        1.09%      (0.09)%      1.00%
EQ/Van Kampen Emerging Markets Equity       1.12%      0.25%     0.40%           --        1.77%       0.00%       1.77%
EQ/Van Kampen Mid Cap Growth                0.70%      0.25%     0.23%           --        1.18%      (0.13)%      1.05%
EQ/Wells Fargo Montgomery Small Cap++       0.85%      0.25%     0.41%           --        1.51%      (0.21)%      1.30%
- ------------------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 15



This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                   Acquired
                                                                     Fund      Total
                                                                   Fees and    Annual                   Net Total
                                                                   Expenses   Expenses    Fee Waiv-      Annual
                                                                  (Underly-    (Before   ers and/or     Expenses
                                Manage-                              ing       Expense     Expense       (After
                                 ment       12b-1    Other         Portfo-     Limita-   Reimburse-     Expense
Portfolio Name                  Fees(6)    Fees(7)  Expenses(8)    lios)(9)    tions)     ments(10)   Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                   
U.S. Real Estate -- Class II++   0.74%      0.35%     0.27%         --          1.36%     (0.10)%       1.26%
- ------------------------------------------------------------------------------------------------------------------------------------





*     This is the investment option's new name effective on or about May 29,
      2007, subject to regulatory approval. Please see "Portfolios of the
      Trusts" in "Contract features and benefits" later in this Prospectus for
      the investment option's former name.

**    This investment option will be available on or about May 29, 2007, subject
      to regulatory approval.

+     This investment option's name, investment objective and sub-adviser will
      change on or about May 29, 2007, subject to regulatory approval. See the
      supplement included with this Prospectus for more information.

++    Please see the supplement included with this Prospectus regarding the
      planned substitution or merger of this Portfolio.

Notes:

(1)   If the contract is surrendered or annuitized or a death benefit is paid on
      any date other than the contract date anniversary, we will deduct a pro
      rata portion of the charge for that year. If you are an existing contract
      owner, this pro rata deduction may not apply under your contract. See
      Appendix VIII later in this Prospectus for more information. For Principal
      Protector(SM) only, (if available) if the contract and benefit are
      continued under the Beneficiary continuation option with Principal
      Protector(SM), the pro rata deduction for the Principal Protector(SM)
      charge is waived.

(2)   During the first two contract years this charge, if applicable, is equal
      to the lesser of $30 or 2% of your account value. Thereafter, if
      applicable, the charge is $30 for each contract year.

(3)   These charges compensate us for certain risks we assume and expenses we
      incur under the contract.

(4)   We charge interest on loans under Rollover TSA contracts but also credit
      you interest on your loan reserve account. Our net loan interest charge is
      determined by the excess between the interest rate we charge over the
      interest rate we credit. See "Loans under Rollover TSA contracts" later in
      this Prospectus for more information on how the loan interest is
      calculated and for restrictions that may apply.

(5)   "Total Annual Portfolio Operating Expenses" are based, in part, on
      estimated amounts for options added during the fiscal year 2005 and for
      the underlying portfolios.

(6)   The management fees for each Portfolio cannot be increased without a vote
      of that Portfolio's Shareholders. See footnote (9) for any expense
      limitation agreement information.

(7)   Portfolio shares are all subject to fees imposed under the distribution
      plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
      under the Investment Company Act of 1940. For the portfolios of AXA
      Premier VIP Trust and EQ Advisors Trust, the 12b-1 fees will not be
      increased for the life of the contract.

(8)   Other expenses shown are those incurred in 2006. The amounts shown as
      "Other Expenses" will fluctuate from year to year depending on actual
      expenses. See footnote (9) for any expense limitation agreement
      information.

(9)   Each of these variable investment options invests in a corresponding
      portfolio of one of the Trusts or other unaffiliated investment companies.
      Each portfolio, in turn, invests in shares of other portfolios of the
      Trusts and/or shares of unaffiliated portfolios ("the underlying
      portfolios"). Amounts shown reflect each portfolio's pro rata share of the
      fees and expenses of the underlying portfolios in which it invests. The
      fees and expenses are based on the respective weighted investment
      allocations as of 12/31/06. A "--" indicates that the listed portfolio
      does not invest in underlying portfolios.

(10)  The amounts shown reflect any fee waivers and/or expense reimbursements
      that applied to each Portfolio. A "--" indicates that there is no expense
      limitation in effect. "0.00%" indicates that the expense limitation
      arrangement did not result in a fee waiver or reimbursement. AXA
      Equitable, the investment manager of AXA Premier VIP Trust and EQ Advisors
      Trust, has entered into expense limitation agreements with respect to
      certain Portfolios, which are effective through April 30, 2007. Under
      these agreements, AXA Equitable has agreed to waive or limit its fees and
      assume other expenses of certain Portfolios, if necessary, in an amount
      that limits each affected Portfolio's total Annual Expenses (exclusive of
      interest, taxes, brokerage commissions, capitalized expenditures, expenses
      of the underlying portfolios in which the Portfolio invests and
      extraordinary expenses) to not more than specified amounts. Therefore,
      each Portfolio may at a later date make a reimbursement to AXA Equitable
      for any of the management fees waived or limited and other expenses
      assumed and paid by AXA Equitable pursuant to the expense limitation
      agreements provided that the Portfolio's current annual operating expenses
      do not exceed the operating expense limit determined for such Portfolio.
      Morgan Stanley Investment Management Inc., which does business in certain
      instances as "Van Kampen," is the manager of The Universal Institutional
      Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
      agreed to reduce its management fee and/or reimburse the Portfolio so that
      total annual operating expenses of the Portfolio (exclusive of investment
      related expenses, such as foreign country tax expense and interest expense
      on amounts borrowed) are not more than specified amounts. Additionally,
      the distributor of The Universal Institutional Funds, Inc. has agreed to
      waive a portion of the 12b-1 fee for Class II shares. Van Kampen and/or
      the fund's distributor reserves the right to terminate any waiver and/or
      reimbursement at any time without notice. See the prospectus for each
      applicable underlying Trust for more information about the arrangements.
      In addition, a portion of the brokerage commissions of certain Portfolios
      of AXA Premier VIP Trust and EQ Advisors Trust is used to reduce the
      applicable Portfolio's expenses. If the above table reflected both the
      expense limitation arrangements, plus the portion of the brokerage
      commissions used to reduce portfolio expenses, the net expenses would be
      as shown in the table below:



- --------------------------------------------------------------------------------
   Portfolio Name
- --------------------------------------------------------------------------------
   Multimanager Aggressive Equity                                          1.03%
- --------------------------------------------------------------------------------
   Multimanager Health Care                                                1.63%
- --------------------------------------------------------------------------------
   Multimanager International Equity                                       1.52%
- --------------------------------------------------------------------------------
   Multimanager Large Cap Core Equity                                      1.33%
- --------------------------------------------------------------------------------
   Multimanager Large Cap Growth                                           1.33%
- --------------------------------------------------------------------------------
   Multimanager Large Cap Value                                            1.31%
- --------------------------------------------------------------------------------
   Multimanager Mid Cap Growth                                             1.52%
- --------------------------------------------------------------------------------
   Multimanager Mid Cap Value                                              1.58%
- --------------------------------------------------------------------------------
   Multimanager Technology                                                 1.64%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Common Stock                                       0.83%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Growth and Income                                  0.92%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Large Cap Growth                                   1.03%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Small Cap Growth                                   1.11%
- --------------------------------------------------------------------------------
   EQ/AllianceBernstein Value                                              0.94%
- --------------------------------------------------------------------------------
   EQ/Ariel Appreciation II                                                1.01%
- --------------------------------------------------------------------------------
   EQ/BlackRock Basic Value Equity                                         0.93%
- --------------------------------------------------------------------------------


16 Fee table




- --------------------------------------------------------------------------------
   Portfolio Name
- --------------------------------------------------------------------------------
   EQ/Capital Guardian Growth                                              0.94%
- --------------------------------------------------------------------------------
   EQ/Capital Guardian Research                                            0.94%
- --------------------------------------------------------------------------------
   EQ/Capital Guardian U.S. Equity                                         0.94%
- --------------------------------------------------------------------------------
   EQ/Davis New York Venture                                               1.27%
- --------------------------------------------------------------------------------
   EQ/Evergreen Omega                                                      1.05%
- --------------------------------------------------------------------------------
   EQ/FI Mid Cap                                                           0.97%
- --------------------------------------------------------------------------------
   EQ/FI Mid Cap Value                                                     1.09%
- --------------------------------------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions                                       1.37%
- --------------------------------------------------------------------------------
   EQ/GAMCO Small Company Value                                            1.16%
- --------------------------------------------------------------------------------
   EQ/Janus Large Cap Growth                                               1.14%
- --------------------------------------------------------------------------------
   EQ/Legg Mason Value Equity                                              0.97%
- --------------------------------------------------------------------------------
   EQ/Lord Abbett Growth and Income                                        0.99%
- --------------------------------------------------------------------------------
   EQ/Lord Abbett Large Cap Core                                           0.99%
- --------------------------------------------------------------------------------
   EQ/Marsico Focus                                                        1.14%
- --------------------------------------------------------------------------------
   EQ/MFS Emerging Growth Companies                                        1.03%
- --------------------------------------------------------------------------------
   EQ/MFS Investors Trust                                                  0.94%
- --------------------------------------------------------------------------------
   EQ/Montag & Caldwell Growth                                             1.13%
- --------------------------------------------------------------------------------
   EQ/Mutual Shares                                                        1.30%
- --------------------------------------------------------------------------------
   EQ/Small Cap Value                                                      1.02%
- --------------------------------------------------------------------------------
   EQ/UBS Growth and Income                                                1.03%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Comstock                                                  0.99%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Emerging Markets Equity                                   1.75%
- --------------------------------------------------------------------------------
   EQ/Van Kampen Mid Cap Growth                                            1.01%
- --------------------------------------------------------------------------------
   EQ/Wells Fargo Montgomery Small Cap                                     1.20%
- --------------------------------------------------------------------------------



EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).

The example below shows the expenses that a hypothetical contract owner (who
has elected the Guaranteed minimum income benefit with the enhanced death
benefit that provides for the greater of the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85 and Protection Plus(SM)) would pay in the situations
illustrated. The example uses an average annual administrative charge based on
the charges paid in 2006, which results in an estimated administrative charge
of .006% of contract value.


The fixed maturity options, guaranteed interest option and the 12 month dollar
cost averaging program are not covered by the example. However, the annual
administrative charge, the charge for any optional benefits and the charge if
you elect a Variable Immediate Annuity payout option do apply to the fixed
maturity options, guaranteed interest option and the 12 month dollar cost
averaging program. A market value adjustment (up or down) may apply as a result
of a withdrawal, transfer, or surrender of amounts from a fixed maturity
option.


The example assumes that you invest $10,000 in the contract for the time
periods indicated and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:


                                                                    Fee table 17






- ------------------------------------------------------------------------------------------------------------------------------------
                                                                    If you annuitize at the end of the
                                                                          applicable time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                                          1 year      3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                      
AXA Aggressive Allocation                                   N/A     $ 1,873.00     $ 2,929.00     $ 5,728.00
AXA Conservative Allocation                                 N/A     $ 1,812.00     $ 2,832.00     $ 5,554.00
AXA Conservative-Plus Allocation                            N/A     $ 1,815.00     $ 2,837.00     $ 5,563.00
AXA Moderate Allocation                                     N/A     $ 1,830.00     $ 2,861.00     $ 5,607.00
AXA Moderate-Plus Allocation                                N/A     $ 1,852.00     $ 2,895.00     $ 5,668.00
Multimanager Aggressive Equity*                             N/A     $ 1,754.00     $ 2,739.00     $ 5,386.00
Multimanager Core Bond*                                     N/A     $ 1,745.00     $ 2,724.00     $ 5,359.00
Multimanager Health Care*                                   N/A     $ 1,945.00     $ 3,045.00     $ 5,932.00
Multimanager High Yield*                                    N/A     $ 1,742.00     $ 2,719.00     $ 5,350.00
Multimanager International Equity*                          N/A     $ 1,900.00     $ 2,973.00     $ 5,805.00
Multimanager Large Cap Core Equity*                         N/A     $ 1,845.00     $ 2,886.00     $ 5,650.00
Multimanager Large Cap Growth*                              N/A     $ 1,852.00     $ 2,895.00     $ 5,668.00
Multimanager Large Cap Value*                               N/A     $ 1,845.00     $ 2,886.00     $ 5,650.00
Multimanager Mid Cap Growth*                                N/A     $ 1,909.00     $ 2,987.00     $ 5,830.00
Multimanager Mid Cap Value*                                 N/A     $ 1,918.00     $ 3,002.00     $ 5,856.00
Multimanager Technology *                                   N/A     $ 1,945.00     $ 3,045.00     $ 5,932.00
- ------------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           N/A     $ 1,693.00     $ 2,639.00     $ 5,204.00
EQ/AllianceBernstein Growth and Income++                    N/A     $ 1,717.00     $ 2,679.00     $ 5,277.00
EQ/AllianceBernstein Intermediate Government Securities     N/A     $ 1,705.00     $ 2,659.00     $ 5,241.00
EQ/AllianceBernstein International                          N/A     $ 1,788.00     $ 2,793.00     $ 5,484.00
EQ/AllianceBernstein Large Cap Growth                       N/A     $ 1,818.00     $ 2,842.00     $ 5,572.00
EQ/AllianceBernstein Quality Bond                           N/A     $ 1,705.00     $ 2,659.00     $ 5,241.00
EQ/AllianceBernstein Small Cap Growth                       N/A     $ 1,775.00     $ 2,773.00     $ 5,448.00
EQ/AllianceBernstein Value                                  N/A     $ 1,733.00     $ 2,704.00     $ 5,323.00
EQ/Ariel Appreciation II                                    N/A     $ 1,894.00     $ 2,963.00     $ 5,788.00
EQ/AXA Rosenberg Value Long/Short Equity                    N/A     $ 2,364.00     $ 3,701.00     $ 7,027.00
EQ/BlackRock Basic Value Equity*                            N/A     $ 1,720.00     $ 2,684.00     $ 5,286.00
EQ/BlackRock International Value*                           N/A     $ 1,824.00     $ 2,851.00     $ 5,589.00
EQ/Boston Advisors Equity Income                            N/A     $ 1,785.00     $ 2,788.00     $ 5,475.00
EQ/Calvert Socially Responsible                             N/A     $ 1,785.00     $ 2,788.00     $ 5,475.00
EQ/Capital Guardian Growth                                  N/A     $ 1,757.00     $ 2,743.00     $ 5,394.00
EQ/Capital Guardian International+                          N/A     $ 1,827.00     $ 2,856.00     $ 5,598.00
EQ/Capital Guardian Research                                N/A     $ 1,748.00     $ 2,729.00     $ 5,368.00
EQ/Capital Guardian U.S. Equity ++                          N/A     $ 1,748.00     $ 2,729.00     $ 5,368.00
EQ/Caywood-Scholl High Yield Bond                           N/A     $ 1,748.00     $ 2,729.00     $ 5,368.00
EQ/Davis New York Venture                                   N/A     $ 1,994.00     $ 3,122.00     $ 6,065.00
EQ/Equity 500 Index                                         N/A     $ 1,625.00     $ 2,529.00     $ 5,001.00
EQ/Evergreen International Bond                             N/A     $ 1,794.00     $ 2,802.00     $ 5,501.00
EQ/Evergreen Omega                                          N/A     $ 1,772.00     $ 2,768.00     $ 5,439.00
EQ/FI Mid Cap                                               N/A     $ 1,763.00     $ 2,753.00     $ 5,412.00
EQ/FI Mid Cap Value+                                        N/A     $ 1,772.00     $ 2,768.00     $ 5,439.00
EQ/Franklin Income                                          N/A     $ 1,900.00     $ 2,973.00     $ 5,805.00
EQ/Franklin Small Cap Value                                 N/A     $ 2,382.00     $ 3,728.00     $ 7,070.00
EQ/Franklin Templeton Founding Strategy**                   N/A     $ 1,915.00     $ 2,997.00     $ 5,847.00
EQ/GAMCO Mergers and Acquisitions                           N/A     $ 1,885.00     $ 2,949.00     $ 5,762.00
EQ/GAMCO Small Company Value                                N/A     $ 1,791.00     $ 2,798.00     $ 5,492.00
EQ/International Growth                                     N/A     $ 1,876.00     $ 2,934.00     $ 5,737.00
EQ/Janus Large Cap Growth++                                 N/A     $ 1,830.00     $ 2,861.00     $ 5,607.00
EQ/JPMorgan Core Bond                                       N/A     $ 1,690.00     $ 2,634.00     $ 5,195.00
EQ/JPMorgan Value Opportunities                             N/A     $ 1,742.00     $ 2,719.00     $ 5,350.00
EQ/Legg Mason Value Equity                                  N/A     $ 1,775.00     $ 2,773.00     $ 5,448.00
EQ/Long Term Bond                                           N/A     $ 1,687.00     $ 2,629.00     $ 5,186.00
EQ/Lord Abbett Growth and Income                            N/A     $ 1,788.00     $ 2,793.00     $ 5,484.00
EQ/Lord Abbett Large Cap Core                               N/A     $ 1,833.00     $ 2,866.00     $ 5,615.00
EQ/Lord Abbett Mid Cap Value                                N/A     $ 1,778.00     $ 2,778.00     $ 5,457.00
EQ/Marsico Focus                                            N/A     $ 1,809.00     $ 2,827.00     $ 5,545.00
EQ/MFS Emerging Growth Companies+                           N/A     $ 1,754.00     $ 2,739.00     $ 5,386.00
EQ/MFS Investors Trust+                                     N/A     $ 1,742.00     $ 2,719.00     $ 5,350.00
- ------------------------------------------------------------------------------------------------------------------------------------


                                                               If you surrender or do not surrender your con-
                                                               tract at the end of the applicable time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                                           1 year       3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------------------------------------
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                         
AXA Aggressive Allocation                                 $ 500.00     $ 1,523.00     $ 2,579.00     $ 5,378.00
AXA Conservative Allocation                               $ 479.00     $ 1,462.00     $ 2,482.00     $ 5,204.00
AXA Conservative-Plus Allocation                          $ 480.00     $ 1,465.00     $ 2,487.00     $ 5,213.00
AXA Moderate Allocation                                   $ 485.00     $ 1,480.00     $ 2,511.00     $ 5,257.00
AXA Moderate-Plus Allocation                              $ 492.00     $ 1,502.00     $ 2,545.00     $ 5,318.00
Multimanager Aggressive Equity*                           $ 459.00     $ 1,404.00     $ 2,389.00     $ 5,036.00
Multimanager Core Bond*                                   $ 455.00     $ 1,395.00     $ 2,374.00     $ 5,009.00
Multimanager Health Care*                                 $ 525.00     $ 1,595.00     $ 2,695.00     $ 5,582.00
Multimanager High Yield*                                  $ 454.00     $ 1,392.00     $ 2,369.00     $ 5,000.00
Multimanager International Equity*                        $ 509.00     $ 1,550.00     $ 2,623.00     $ 5,455.00
Multimanager Large Cap Core Equity*                       $ 490.00     $ 1,495.00     $ 2,536.00     $ 5,300.00
Multimanager Large Cap Growth*                            $ 492.00     $ 1,502.00     $ 2,545.00     $ 5,318.00
Multimanager Large Cap Value*                             $ 490.00     $ 1,495.00     $ 2,536.00     $ 5,300.00
Multimanager Mid Cap Growth*                              $ 512.00     $ 1,559.00     $ 2,637.00     $ 5,480.00
Multimanager Mid Cap Value*                               $ 515.00     $ 1,568.00     $ 2,652.00     $ 5,506.00
Multimanager Technology *                                 $ 525.00     $ 1,595.00     $ 2,695.00     $ 5,582.00
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         $ 438.00     $ 1,343.00     $ 2,289.00     $ 4,854.00
EQ/AllianceBernstein Growth and Income++                  $ 446.00     $ 1,367.00     $ 2,329.00     $ 4,927.00
EQ/AllianceBernstein Intermediate Government Securities   $ 442.00     $ 1,355.00     $ 2,309.00     $ 4,891.00
EQ/AllianceBernstein International                        $ 470.00     $ 1,438.00     $ 2,443.00     $ 5,134.00
EQ/AllianceBernstein Large Cap Growth                     $ 481.00     $ 1,468.00     $ 2,492.00     $ 5,222.00
EQ/AllianceBernstein Quality Bond                         $ 442.00     $ 1,355.00     $ 2,309.00     $ 4,891.00
EQ/AllianceBernstein Small Cap Growth                     $ 466.00     $ 1,425.00     $ 2,423.00     $ 5,098.00
EQ/AllianceBernstein Value                                $ 451.00     $ 1,383.00     $ 2,354.00     $ 4,973.00
EQ/Ariel Appreciation II                                  $ 507.00     $ 1,544.00     $ 2,613.00     $ 5,438.00
EQ/AXA Rosenberg Value Long/Short Equity                  $ 673.00     $ 2,014.00     $ 3,351.00     $ 6,677.00
EQ/BlackRock Basic Value Equity*                          $ 447.00     $ 1,370.00     $ 2,334.00     $ 4,936.00
EQ/BlackRock International Value*                         $ 483.00     $ 1,474.00     $ 2,501.00     $ 5,239.00
EQ/Boston Advisors Equity Income                          $ 469.00     $ 1,435.00     $ 2,438.00     $ 5,125.00
EQ/Calvert Socially Responsible                           $ 469.00     $ 1,435.00     $ 2,438.00     $ 5,125.00
EQ/Capital Guardian Growth                                $ 460.00     $ 1,407.00     $ 2,393.00     $ 5,044.00
EQ/Capital Guardian International+                        $ 484.00     $ 1,477.00     $ 2,506.00     $ 5,248.00
EQ/Capital Guardian Research                              $ 457.00     $ 1,398.00     $ 2,379.00     $ 5,018.00
EQ/Capital Guardian U.S. Equity ++                        $ 457.00     $ 1,398.00     $ 2,379.00     $ 5,018.00
EQ/Caywood-Scholl High Yield Bond                         $ 457.00     $ 1,398.00     $ 2,379.00     $ 5,018.00
EQ/Davis New York Venture                                 $ 542.00     $ 1,644.00     $ 2,772.00     $ 5,715.00
EQ/Equity 500 Index                                       $ 415.00     $ 1,275.00     $ 2,179.00     $ 4,651.00
EQ/Evergreen International Bond                           $ 472.00     $ 1,444.00     $ 2,452.00     $ 5,151.00
EQ/Evergreen Omega                                        $ 465.00     $ 1,422.00     $ 2,418.00     $ 5,089.00
EQ/FI Mid Cap                                             $ 462.00     $ 1,413.00     $ 2,403.00     $ 5,062.00
EQ/FI Mid Cap Value+                                      $ 465.00     $ 1,422.00     $ 2,418.00     $ 5,089.00
EQ/Franklin Income                                        $ 509.00     $ 1,550.00     $ 2,623.00     $ 5,455.00
EQ/Franklin Small Cap Value                               $ 679.00     $ 2,032.00     $ 3,378.00     $ 6,720.00
EQ/Franklin Templeton Founding Strategy**                 $ 514.00     $ 1,565.00     $ 2,647.00     $ 5,497.00
EQ/GAMCO Mergers and Acquisitions                         $ 504.00     $ 1,535.00     $ 2,599.00     $ 5,412.00
EQ/GAMCO Small Company Value                              $ 471.00     $ 1,441.00     $ 2,448.00     $ 5,142.00
EQ/International Growth                                   $ 501.00     $ 1,526.00     $ 2,584.00     $ 5,387.00
EQ/Janus Large Cap Growth++                               $ 485.00     $ 1,480.00     $ 2,511.00     $ 5,257.00
EQ/JPMorgan Core Bond                                     $ 437.00     $ 1,340.00     $ 2,284.00     $ 4,845.00
EQ/JPMorgan Value Opportunities                           $ 454.00     $ 1,392.00     $ 2,369.00     $ 5,000.00
EQ/Legg Mason Value Equity                                $ 466.00     $ 1,425.00     $ 2,423.00     $ 5,098.00
EQ/Long Term Bond                                         $ 436.00     $ 1,337.00     $ 2,279.00     $ 4,836.00
EQ/Lord Abbett Growth and Income                          $ 470.00     $ 1,438.00     $ 2,443.00     $ 5,134.00
EQ/Lord Abbett Large Cap Core                             $ 486.00     $ 1,483.00     $ 2,516.00     $ 5,265.00
EQ/Lord Abbett Mid Cap Value                              $ 467.00     $ 1,428.00     $ 2,428.00     $ 5,107.00
EQ/Marsico Focus                                          $ 478.00     $ 1,459.00     $ 2,477.00     $ 5,195.00
EQ/MFS Emerging Growth Companies+                         $ 459.00     $ 1,404.00     $ 2,389.00     $ 5,036.00
EQ/MFS Investors Trust+                                   $ 454.00     $ 1,392.00     $ 2,369.00     $ 5,000.00
- ------------------------------------------------------------------------------------------------------------------------------------



18 Fee table






- ------------------------------------------------------------------------------------------------------------------------------------
                                                   If you annuitize at the end of the
                                                         applicable time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                         1 year      3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                     
EQ/Money Market                            N/A     $ 1,653.00     $ 2,574.00     $ 5,084.00
EQ/Montag & Caldwell Growth                N/A     $ 1,788.00     $ 2,793.00     $ 5,484.00
EQ/Mutual Shares                           N/A     $ 1,936.00     $ 3,031.00     $ 5,906.00
EQ/Oppenheimer Global                      N/A     $ 2,194.00     $ 3,436.00     $ 6,597.00
EQ/Oppenheimer Main Street Opportunity     N/A     $ 2,244.00     $ 3,515.00     $ 6,726.00
EQ/Oppenheimer Main Street Small Cap       N/A     $ 2,229.00     $ 3,492.00     $ 6,688.00
EQ/PIMCO Real Return                       N/A     $ 1,733.00     $ 2,704.00     $ 5,323.00
EQ/Short Duration Bond                     N/A     $ 1,683.00     $ 2,624.00     $ 5,177.00
EQ/Small Cap Value+                        N/A     $ 1,778.00     $ 2,778.00     $ 5,457.00
EQ/Small Company Growth+                   N/A     $ 1,867.00     $ 2,920.00     $ 5,711.00
EQ/Small Company Index                     N/A     $ 1,637.00     $ 2,549.00     $ 5,038.00
EQ/TCW Equity ++                           N/A     $ 1,803.00     $ 2,817.00     $ 5,528.00
EQ/Templeton Growth                        N/A     $ 1,994.00     $ 3,122.00     $ 6,065.00
EQ/UBS Growth and Income                   N/A     $ 1,791.00     $ 2,798.00     $ 5,492.00
EQ/Van Kampen Comstock                     N/A     $ 1,766.00     $ 2,758.00     $ 5,421.00
EQ/Van Kampen Emerging Markets Equity      N/A     $ 1,972.00     $ 3,088.00     $ 6,007.00
EQ/Van Kampen Mid Cap Growth               N/A     $ 1,794.00     $ 2,802.00     $ 5,501.00
EQ/Wells Fargo Montgomery Small Cap++      N/A     $ 1,894.00     $ 2,963.00     $ 5,788.00
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++             N/A     $ 1,848.00     $ 2,890.00     $ 5,659.00
- ------------------------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------------
                                              If you surrender or do not surrender your con-
                                              tract at the end of the applicable time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                          1 year       3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                        
EQ/Money Market                          $ 424.00     $ 1,303.00     $ 2,224.00     $ 4,734.00
EQ/Montag & Caldwell Growth              $ 470.00     $ 1,438.00     $ 2,443.00     $ 5,134.00
EQ/Mutual Shares                         $ 522.00     $ 1,586.00     $ 2,681.00     $ 5,556.00
EQ/Oppenheimer Global                    $ 612.00     $ 1,844.00     $ 3,086.00     $ 6,247.00
EQ/Oppenheimer Main Street Opportunity   $ 630.00     $ 1,894.00     $ 3,165.00     $ 6,376.00
EQ/Oppenheimer Main Street Small Cap     $ 625.00     $ 1,879.00     $ 3,142.00     $ 6,338.00
EQ/PIMCO Real Return                     $ 451.00     $ 1,383.00     $ 2,354.00     $ 4,973.00
EQ/Short Duration Bond                   $ 434.00     $ 1,333.00     $ 2,274.00     $ 4,827.00
EQ/Small Cap Value+                      $ 467.00     $ 1,428.00     $ 2,428.00     $ 5,107.00
EQ/Small Company Growth+                 $ 497.00     $ 1,517.00     $ 2,570.00     $ 5,361.00
EQ/Small Company Index                   $ 419.00     $ 1,287.00     $ 2,199.00     $ 4,688.00
EQ/TCW Equity ++                         $ 475.00     $ 1,453.00     $ 2,467.00     $ 5,178.00
EQ/Templeton Growth                      $ 542.00     $ 1,644.00     $ 2,772.00     $ 5,715.00
EQ/UBS Growth and Income                 $ 471.00     $ 1,441.00     $ 2,448.00     $ 5,142.00
EQ/Van Kampen Comstock                   $ 463.00     $ 1,416.00     $ 2,408.00     $ 5,071.00
EQ/Van Kampen Emerging Markets Equity    $ 534.00     $ 1,622.00     $ 2,738.00     $ 5,657.00
EQ/Van Kampen Mid Cap Growth             $ 472.00     $ 1,444.00     $ 2,452.00     $ 5,151.00
EQ/Wells Fargo Montgomery Small Cap++    $ 507.00     $ 1,544.00     $ 2,613.00     $ 5,438.00
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++           $ 491.00     $ 1,498.00     $ 2,540.00     $ 5,309.00
- ------------------------------------------------------------------------------------------------------------------------------------





*     This is the investment option's new name effective on or about May 29,
      2007, subject to regulatory approval. Please see "Portfolios of the
      Trusts" in "Contract features and benefits" later in this Prospectus for
      the investment option's former name.

**    This investment option will be available on or about May 29, 2007, subject
      to regulatory approval.

+     This investment option's name, investment objective and sub-adviser will
      change on or about May 29, 2007, subject to regulatory approval. See the
      supplement included with this Prospectus for more information.

++    Please see the supplement included with this Prospectus regarding the
      planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix IV at the end of this Prospectus.



CONDENSED FINANCIAL INFORMATION


Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


                                                                    Fee table 19



1.    Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $25,000 for you
to purchase a contract. You may make additional contributions of at least $500
each for NQ and Rollover TSA contracts and $50 for Rollover IRA and Roth
Conversion contracts and $1000 for Inherited IRA contracts, subject to
limitations noted below. The following table summarizes our rules regarding
contributions to your contract. All ages in the table refer to the age of the
annuitant named in the contract.


We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are ages 81
and older at contract issue) if you are an existing contract owner, this
restriction may not apply to you. See Appendix VIII later in this Prospectus
for more information. We may also refuse to accept any contribution if the sum
of all contributions under all AXA Equitable annuity accumulation contracts
with the same owner or annuitant would then total more than $2,500,000. We
reserve the right to limit aggregate contributions made after the first
contract year to 150% of first-year contributions. We may accept less than the
minimum initial contribution under a contract if an aggregate amount of
contracts purchased at the same time by an individual (including spouse) meets
the minimum.


- --------------------------------------------------------------------------------
The "annuitant" is the person who is the measuring life for determining contract
benefits. The annuitant is not necessarily the contract owner.
- --------------------------------------------------------------------------------




- -----------------------------------------------------------------------------------------------------------------------------------
            Available
Contract    for annuitant                                                                Limitations on
type        issue ages*     Minimum contributions         Source of contributions        contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                             
NQ          0 through 85    o $25,000 (initial)           o After-tax money.             o No additional contributions after
                                                                                           attainment of age 86 or, if later,
                            o $500 (additional)           o Paid to us by check            the first contract date
                                                            or transfer of                 anniversary.*
                            o $100 monthly and $300         contract value in a
                              quarterly under our           tax-deferred exchange
                              automatic investment          under Section 1035 of
                              program (additional)          the Internal Revenue
                                                            Code.
- -----------------------------------------------------------------------------------------------------------------------------------




20 Contract features and benefits






- -----------------------------------------------------------------------------------------------------------------------------------
               Available
Contract       for annuitant                                                                      Limitations on
type           issue ages*           Minimum contributions       Source of contributions          contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
Rollover IRA   20 through 85         o $25,000 (initial)         o Eligible rollover distribu-    o No rollover or direct transfer
                                                                   tions from TSA contracts or      contributions after attain-
                                     o $50 (additional)            other 403(b) arrangements,       ment of age 86 or, if later,
                                                                   qualified plans, and govern-     the first contract date anni-
                                                                   mental employer 457(b)           versary.*
                                                                   plans.
                                                                                                  o Contributions after age 70-1/2
                                                                 o Rollovers from another           must be net of required
                                                                   traditional individual           minimum distributions.
                                                                   retirement arrangement.
                                                                                                  o Although we accept regular IRA
                                                                 o Direct custodian-to-             contributions (limited to
                                                                   custodian transfers from         $4,000 for 2007 and $5,000 for
                                                                   another traditional indi-        2008) under the Rollover IRA
                                                                   vidual retirement                contracts, we intend that this
                                                                   arrangement.                     contract be used primarily for
                                                                                                    rollover and direct transfer
                                                                 o Regular IRA contributions.       contributions.

                                                                 o Additional "catch-up" con-     o Additional catch-up contri-
                                                                   tributions.                      butions of up to $1,000 per
                                                                                                    calendar year where the owner
                                                                                                    is at least age 50 but under
                                                                                                    age 70-1/2 at any time during
                                                                                                    the calendar year for which
                                                                                                    the contribution is made.
- -----------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 21





- -----------------------------------------------------------------------------------------------------------------------------------
                  Available
Contract          for annuitant                                                                  Limitations on
type              issue ages*      Minimum contributions    Source of contributions              contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                     
Roth Conversion   20 through 85    o $25,000 (initial)      o Rollovers from another Roth        o No additional rollover or
IRA                                                           IRA.                                 direct transfer
                                   o $50 (additional)                                              contributions after
                                                            o Rollovers from a "desig-             attainment of age 86 or, if
                                                              nated Roth contribution              later, the first contract
                                                              account" under a 401(k) plan         date anniversary.*
                                                              or 403(b) arrangement.
                                                                                                 o Conversion rollovers after
                                                            o Conversion rollovers from a          age 70-1/2 must be net of
                                                              traditional IRA.                     required minimum distribu-
                                                                                                   tions for the traditional
                                                            o Direct transfers from                IRA you are rolling over.
                                                              another Roth IRA.
                                                                                                 o You cannot roll over funds
                                                            o Regular Roth IRA                     from a traditional IRA if
                                                              contributions.                       your adjusted gross income
                                                                                                   is $100,000 or more.
                                                            o Additional "catch-up" con-
                                                              tributions.                        o Although we accept regular
                                                                                                   Roth IRA contributions (lim-
                                                                                                   ited to $4,000 for 2007 and
                                                                                                   $5,000 for 2008) under the
                                                                                                   Roth IRA contracts, we
                                                                                                   intend that this contract be
                                                                                                   used primarily for rollover
                                                                                                   and direct transfer
                                                                                                   contributions.

                                                                                                 o Additional catch-up contri-
                                                                                                   butions of up to $1,000 per
                                                                                                   calendar year where the
                                                                                                   owner is at least age 50 at
                                                                                                   any time during the calendar
                                                                                                   year for which the contribu-
                                                                                                   tion is made.
- -----------------------------------------------------------------------------------------------------------------------------------
Rollover TSA      20 through 85    o $25,000 (initial)      o Direct transfers of pre-tax        o No additional rollover or
                                                              funds from another contract          direct transfer
                                   o $500 (additional)        or arrangement under Sec-            contributions after
                                                              tion 403(b) of the Internal          attainment of age 86 or, if
                                                              Revenue Code, complying with         later, the first contract
                                                              IRS Revenue Ruling 90-24.            date anniversary.*

                                                            o Eligible rollover distribu-        o Rollover or direct transfer
                                                              tions of pre-tax funds from          contributions after age
                                                              other 403(b) plans.                  70-1/2 must be net of any
                                                                                                   required minimum
                                                            o Subsequent contributions may         distributions.
                                                              also be rollovers from
                                                              qualified plans, governmen-        o We do not accept employer-
                                                              tal employer 457(b) plans            remitted contributions.
                                                              and traditional IRAs.
- -----------------------------------------------------------------------------------------------------------------------------------



22 Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------------
                   Available
Contract           for annuitant                                                                 Limitations on
type               issue ages*      Minimum contributions     Source of contributions            contributions+
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                     
Inherited IRA      0-70             o $25,000 (initial)       o Direct custodian-to-             o Any additional contributions
Beneficiary                                                     custodian transfers of your        must be from the same type
Continuation                        o $1,000 (additional)       interest as a death benefi-        of IRA of the same deceased
Contract                                                        ciary of the deceased              owner.
(traditional IRA                                                owner's traditional indi-
or Roth IRA)                                                    vidual retirement                o Non-spousal beneficiary
                                                                arrangement or Roth IRA to         direct rollover
                                                                an IRA of the same type.           contributions from qualified
                                                                                                   plans, 403(b) arrangements
                                                                                                   and govern- mental employer
                                                                                                   457(b) plans may be made to
                                                                                                   a traditional Inherited IRA
                                                                                                   contract under specified
                                                                                                   circumstances.
- -----------------------------------------------------------------------------------------------------------------------------------




+  If you purchase Guaranteed principal benefit option 2, no contributions are
   permitted after the six month period beginning on the contract date.
   Additional contributions may not be permitted under certain conditions in
   your state. Please see Appendix VII later in this Prospectus to see if
   additional contributions are permitted in your state.

*  Please see Appendix VIII for variations that may apply to your contract.



See "Tax information" later in this Prospectus for a more detailed discussion of
sources of contributions and certain contribution limitations. For information
on when contributions are credited under your contract see "Dates and prices at
which contract events occur" in "More information" later in this Prospectus.


                                               Contract features and benefits 23


OWNER AND ANNUITANT REQUIREMENTS


Under NQ contracts, the annuitant can be different from the owner. We do not
permit partnerships or limited liability corporations to be owners. We also
reserve the right to prohibit availability of this contract to other non-natural
owners. Only natural persons can be joint owners. In general, we will not permit
a contract to be owned by a minor unless it is pursuant to the Uniform Gift to
Minors Act or the Uniform Transfers to Minors Act in your state. If the Spousal
protection feature is available under your contract and is elected, the spouses
must be joint owners, one of the spouses must be the annuitant and both must be
named as the only primary beneficiaries.

Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract. See Inherited IRA beneficiary
continuation contract later in this section for Inherited IRA owner and
annuitant requirements.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply contributions
made pursuant to a Section 1035 tax-free exchange or a direct transfer. We do
not accept third-party checks endorsed to us except for rollover contributions,
tax-free exchanges or trustee checks that involve no refund. All checks are
subject to our ability to collect the funds. We reserve the right to reject a
payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealers.
Additional contributions may also be made under our automatic investment
program. These methods of payment are discussed in detail in "More information"
later in this Prospectus.


- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year." The
end of each 12-month period is your "contract date anniversary." For example, if
your contract date is May 1, your contract date anniversary is April 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing or
unclear, we will hold the contribution, whether received via check or wire, in a
non-interest bearing suspense account while we try to obtain this information.
If we are unable to obtain all of the information we require within five
business days after we receive an incomplete application or form, we will inform
the financial professional submitting the application on your behalf. We will
then return the contribution to you unless you specifically direct us to keep
your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------
WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

You can choose from among the variable investment options, the guaranteed
interest option and the fixed maturity options.

VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.

24  Contract features and benefits


PORTFOLIOS OF THE TRUSTS


You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Select(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors include the timing of stock purchases and sales;
differences in fund cash flows; and specific strategies employed by the
portfolio manager.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for inclusion
in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC, an
affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject to
conflicts of interest insofar as AXA Equitable may derive greater revenues from
the AXA Allocation Portfolios than certain other portfolios available to you
under your contract. In addition, the AXA Allocation Portfolios may enable AXA
Equitable to more efficiently manage AXA Equitable's financial risks associated
with certain guaranteed features including those optional benefits that restrict
allocations to the AXA Allocation Portfolios. Please see "Allocating your
contributions" in "Contract features and benefits" for more information about
your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the Trusts
and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- -----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                          Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)             Objective                                        as applicable)
- -----------------------------------------------------------------------------------------------------------------------------
                                                                         
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.            o AXA Equitable
- -----------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.            o AXA Equitable
- -----------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital,      o AXA Equitable
 ALLOCATION                   with a greater emphasis on current income.
- -----------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and         o AXA Equitable
                              current income.
- -----------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and         o AXA Equitable
 ALLOCATION                   current income, with a greater emphasis on
                              capital appreciation.
- -----------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                     o AllianceBernstein L.P.
 EQUITY(1)                                                                     o ClearBridge Advisors, LLC
                                                                               o Legg Mason Capital Management, Inc.
                                                                               o Marsico Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income       o BlackRock Financial Management, Inc.
                              and capital appreciation, consistent with a      o Pacific Investment Management Company LLC
                              prudent level of risk.
- -----------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                     o A I M Capital Management, Inc.
                                                                               o RCM Capital Management LLC
                                                                               o Wellington Management Company, LLP
- -----------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of       o Pacific Investment Management Company LLC
                              current income and capital appreciation.         o Post Advisory Group, LLC
- -----------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                     o AllianceBernstein L.P.
 EQUITY(5)                                                                     o JPMorgan Investment Management Inc.
                                                                               o Marsico Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25





- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)                Objective                                           as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                               
MULTIMANAGER LARGE CAP CORE      Long-term growth of capital.                        o AllianceBernstein L.P.
 EQUITY(6)                                                                           o Janus Capital Management LLC
                                                                                     o Thornburg Investment Management, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP           Long-term growth of capital.                        o RCM Capital Management LLC
 GROWTH(7)                                                                           o TCW Investment Management Company
                                                                                     o T. Rowe Price Associates, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP           Long-term growth of capital.                        o AllianceBernstein L.P.
 VALUE(8)                                                                            o Institutional Capital LLC
                                                                                     o MFS Investment Management
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP             Long-term growth of capital.                        o AllianceBernstein L.P.
 GROWTH(9)                                                                           o Franklin Advisers, Inc.
                                                                                     o Provident Investment Counsel, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP VALUE(10)   Long-term growth of capital.                        o AXA Rosenberg Investment Management LLC
                                                                                     o TCW Investment Management Company
                                                                                     o Wellington Management Company, LLP
- -----------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)      Long-term growth of capital.                        o Firsthand Capital Management, Inc.
                                                                                     o RCM Capital Management LLC
                                                                                     o Wellington Management Company, LLP
- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                    Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)                Objective                                           as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COMMON      Seeks to achieve long-term growth of capital.       o AllianceBernstein L.P.
 STOCK
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH      Seeks to provide a high total return.               o AllianceBernstein L.P.
 AND INCOME++
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERME-    Seeks to achieve high current income consistent     o AllianceBernstein L.P.
 DIATE GOVERNMENT SECURITIES     with relative stability of principal.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERNA-    Seeks to achieve long-term growth of capital.       o AllianceBernstein L.P.
 TIONAL
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE       Seeks to achieve long-term growth of capital.       o AllianceBernstein L.P.
 CAP GROWTH
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY     Seeks to achieve high current income consistent     o AllianceBernstein L.P.
 BOND                            with moderate risk to capital.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL       Seeks to achieve long-term growth of capital.       o AllianceBernstein L.P.
 CAP GROWTH
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE       Seeks capital appreciation.                         o AllianceBernstein L.P.
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II         Seeks long-term capital appreciation.               o Ariel Capital Management, LLC
- -----------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE LONG/     Seeks to increase value through bull markets        o AXA Rosenberg Investment Management LLC
 SHORT EQUITY                    and bear markets using strategies that are
                                 designed to limit expo- sure to general
                                 equity market risk.
- -----------------------------------------------------------------------------------------------------------------------------------



26 Contract features and benefits





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/BLACKROCK BASIC VALUE       Seeks capital appreciation and secondarily, income.        o BlackRock Investment Management, LLC
 EQUITY(12)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL     Seeks to provide current income and long-term growth of    o BlackRock Investment Management Interna-
 VALUE(13)                     income, accompanied by growth of capital.                    tional Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY      Seeks a combination of growth and income to achieve an     o Boston Advisors, LLC
 INCOME                        above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY            Seeks long-term capital appreciation.                      o Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                              o Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH     Seeks long-term growth of capital.                         o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN            To achieve long-term growth of capital.                    o Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN RESEARCH   Seeks to achieve long-term growth of capital.              o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.       Seeks to achieve long-term growth of capital.              o Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH YIELD   Seeks to maximize current income.                          o Caywood-Scholl Capital Management
 BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE      Seeks long-term growth of capital.                         o Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX            Seeks a total return before expenses that approximates     o AllianceBernstein L.P.
                               the total return performance of the S&P 500 Index,
                               including reinvestment of dividends, at a risk level
                               consistent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL     Seeks capital growth and current income.                   o Evergreen Investment Management
 BOND                                                                                       Company, LLC
                                                                                          o First International Fund Advisors (dba
                                                                                            "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA             Seeks long-term capital growth.                            o Evergreen Investment Management
                                                                                            Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                  Seeks long-term growth of capital.                         o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+           Seeks long-term capital appreciation.                      o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME             Seeks to maximize income while maintaining prospects       o Franklin Advisers, Inc.
                               for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE    Seeks long-term total return.                              o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON FOUND-   Primarily seeks capital appreciation and secondarily seeks o AXA Equitable
 ING STRATEGY(**)              income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND ACQUI-    Seeks to achieve capital appreciation.                     o GAMCO Asset Management Inc.
 SITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY         Seeks to maximize capital appreciation.                    o GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH        Seeks to achieve capital appreciation.                     o MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++    Seeks long-term growth of capital.                         o Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent with mod-  o JPMorgan Investment Management Inc.
                               erate risk to capital and maintenance of liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 27





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                          Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
EQ/JPMORGAN VALUE               Long-term capital appreciation.                            o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY      Seeks long-term growth of capital.                         o Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND               Seeks to maximize income and capital appreciation          o BlackRock Financial Management, Inc.
                                through investment in long-maturity debt obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND       Capital appreciation and growth of income without          o Lord, Abbett & Co. LLC
 INCOME                         excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP CORE   Capital appreciation and growth of income with reason-     o Lord, Abbett & Co. LLC
                                able risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE    Capital appreciation.                                      o Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS                Seeks long-term growth of capital.                         o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH          Seeks to provide long-term capital growth.                 o MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+         Seeks long-term growth of capital with a secondary         o MFS Investment Management
                                objective to seek reasonable current income. For purposes
                                of this Portfolio, the words "reasonable current income"
                                mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                 Seeks to obtain a high level of current income, preserve   o The Dreyfus Corporation
                                its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL            Seeks to achieve capital appreciation.                     o Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES                Seeks capital appreciation, which may occasionally be      o Franklin Mutual Advisers, LLC
                                short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL           Seeks capital appreciation.                                o OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      Seeks long-term capital appreciation.                      o OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      Seeks capital appreciation.                                o OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN            Seeks maximum real return consistent with preservation     o Pacific Investment Management
                                of real capital and prudent investment management.           Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND          Seeks current income with reduced volatility of principal. o BlackRock Financial Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+             Seeks capital appreciation.                                o Lazard Asset Management LLC
                                                                                           o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+        Seeks to achieve capital appreciation.                     o Bear Stearns Asset Management Inc.
                                                                                           o Eagle Asset Management, Inc.
                                                                                           o Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX          Seeks to replicate as closely as possible (before the      o AllianceBernstein L.P.
                                deduction of portfolio expenses) the total return of the
                                Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                 Seeks to achieve long-term capital appreciation.           o TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH             Seeks long-term capital growth.                            o Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------



28 Contract features and benefits






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                           Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)               Objective                                                   as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                      
EQ/UBS GROWTH AND INCOME        Seeks to achieve total return through capital appreciation  o UBS Global Asset Management
                                with income as a secondary consideration.                     (Americas) Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK          Capital growth and income.                                  o Morgan Stanley Investment
                                                                                              Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING MAR-     Seeks long-term capital appreciation.                       o Morgan Stanley Investment
 KETS EQUITY                                                                                  Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP           Capital growth.                                             o Morgan Stanley Investment
 GROWTH                                                                                       Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY       Seeks long-term capital appreciation.                       o Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                  Objective                                                   Investment Manager
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++  Seeks to provide above average current income and long-     o Van Kampen (is the name under which
                                term capital appreciation by investing primarily in equity    Morgan Stanley Investment Management
                                securities of companies in the U.S. real estate industry,     Inc. does business in certain
                                including real estate investment trusts.                      situations)
- ------------------------------------------------------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.





- -----------------------------------------------
FN        Portfolio Name until May 29, 2007
- -----------------------------------------------
       
(1)       AXA Premier VIP Aggressive Equity
- -----------------------------------------------
(2)       AXA Premier VIP Core Bond
- -----------------------------------------------
(3)       AXA Premier VIP Health Care
- -----------------------------------------------
(4)       AXA Premier VIP High Yield
- -----------------------------------------------
(5)       AXA Premier VIP International Equity
- -----------------------------------------------
(6)       AXA Premier VIP Large Cap Core Equity
- -----------------------------------------------
(7)       AXA Premier VIP Large Cap Growth
- -----------------------------------------------
(8)       AXA Premier VIP Large Cap Value
- -----------------------------------------------
(9)       AXA Premier VIP Mid Cap Growth
- -----------------------------------------------
(10)      AXA Premier VIP Mid Cap Value
- -----------------------------------------------
(11)      AXA Premier VIP Technology
- -----------------------------------------------
(12)      EQ/Mercury Basic Value Equity
- -----------------------------------------------
(13)      EQ/Mercury International Value
- -----------------------------------------------




**  This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this Portfolio.

You should consider the investment objectives, risks and charges and expenses of
the Portfolios carefully before investing. The prospectuses for the Trusts
contain this and other important information about the portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may call
one of our customer service representatives at 1-800-789-7771.


                                               Contract features and benefits 29


GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest option.

We credit interest daily to amounts in the guaranteed interest option. There are
three levels of interest in effect at the same time in the guaranteed interest
option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures. All
interest rates are effective annual rates, but before deduction of annual
administrative charges and any optional benefit charges. See Appendix VII later
in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum rate
ranges from 1% to 3%. The data page for your contract shows the lifetime minimum
rate. Check with your financial professional as to which rate applies in your
state. The minimum yearly rate will never be less than the lifetime minimum
rate. The minimum yearly rate for 2007 is 3%. Current interest rates will never
be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers to and from the
guaranteed interest option.

FIXED MATURITY OPTIONS


We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if, on the date
the contribution or transfer is to be applied, the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VII later in this Prospectus to see
if fixed maturity options are available in your state.


- --------------------------------------------------------------------------------
Fixed maturity options range from one to ten years to maturity.
- --------------------------------------------------------------------------------

Under the Special 10 year fixed maturity option (which is available only under
contracts that offer GPB Option 2), additional contributions will have the same
maturity date as your initial contribution (see "the Guaranteed Principal
benefits" below.) The rate to maturity you will receive for each additional
contribution is the rate to maturity in effect for new contributions allocated
to that fixed maturity option on the date we apply your contribution.


On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for annuitant ages 76 and older. See "Allocating your
contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Select(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that time,
you may choose to have one of the following take place on the maturity date, as
long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a) transfer the maturity value into another available fixed maturity option,
    any of the variable investment options or the guaranteed interest option; or

(b) withdraw the maturity value.


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available we will transfer your maturity value to the
EQ/Money Market option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a fixed
maturity option are used to purchase any annuity payment option prior to the
maturity date and may apply on payment of a death benefit. The market value



30  Contract features and benefits



adjustment, positive or negative, resulting from a withdrawal or transfer of a
portion of the amount in the fixed maturity option will be a percentage of the
market value adjustment that would apply if you were to withdraw the entire
amount in that fixed maturity option. The market value adjustment applies to the
amount remaining in a fixed maturity option and does not reduce the actual
amount of a withdrawal. The amount applied to an annuity payout option will
reflect the application of any applicable market value adjustment (either
positive or negative). We only apply a positive market value adjustment to the
amount in the fixed maturity option when calculating any death benefit proceeds
under your contract. The amount of the adjustment will depend on two factors:


(a) the difference between the rate to maturity that applies to the amount being
    withdrawn and the rate we have in effect at that time for new fixed maturity
    options, (adjusted to reflect a similar maturity date) and

(b) the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the fixed
maturity option's maturity date. Therefore, it is possible that the market value
adjustment could greatly reduce your value in the fixed maturity options,
particularly in the fixed maturity options with later maturity dates.


We provide an illustration of the market adjusted amounts of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix II at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ALLOCATING YOUR CONTRIBUTIONS

You may choose from among three ways to allocate your contributions under your
contract: self-directed, the guaranteed principal benefits or dollar cost
averaging. Subsequent contributions are allocated according to instructions on
file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an investment
advisory account, and AXA Equitable is not providing any investment advice or
managing the allocations under your contract. In the absence of a specific
written arrangement to the contrary, you, as the owner of the contract, have the
sole authority to make investment allocations and other decisions under the
contract. If your financial professional is with AXA Advisors, he or she is
acting as a broker-dealer registered representative, and is not authorized to
act as an investment advisor or to manage the allocations under your contract.
If your financial professional is a registered representative with a
broker-dealer other than AXA Advisors, you should speak with him/her regarding
any different arrangements that may apply.


SELF-DIRECTED ALLOCATION


You may allocate your contributions to one or more, or all, of the variable
investment options, guaranteed interest option (subject to restrictions in
certain states -- See Appendix VII later in this Prospectus for state
variations) and fixed maturity options. Allocations must be in whole percentages
and you may change your allocations at any time. No more than 25% of any
contribution may be allocated to the guaranteed interest option. The total of
your allocations into all available investment options must equal 100%. If the
annuitant is age 76-80, you may allocate contributions to fixed maturity options
with maturities of seven years or less. If the annuitant is age 81 or older, you
may allocate contributions to fixed maturity options with maturities of five
years or less. Also, you may not allocate amounts to fixed maturity options with
maturity dates that are later than the date annuity payments are to begin.

THE GUARANTEED PRINCIPAL BENEFITS (INCLUDING PRINCIPAL ASSURANCE)

We offer a guaranteed principal benefit ("GPB") with two options. See Appendix
VII later in this Prospectus for more information on state availability and
Appendix VIII for contract variation and/or availability of these benefits. You
may only elect one of the GPBs. Neither GPB is available under Inherited IRA
contracts. We will not offer either GPB when the rate to maturity for the
applicable fixed maturity option is 3%. Both GPB options allow you to allocate a
portion of your contributions to the variable investment options, while ensuring
that your account value will at least equal your contributions, adjusted for
withdrawals and transfers, on a specified date. GPB Option 2 generally provides
you with the ability to allocate more of your contributions to the variable
investment options than could be allocated using GPB Option 1 (also known as
Principal assurance) If you elect either GPB, you may not elect the Guaranteed
minimum income benefit, Principal Protector(SM), the systematic withdrawals
option or the substantially equal withdrawals option. However, certain existing
contract owners who elected GPB are not subject to these restrictions. See
Appendix VIII for information on what applies under your contract.


You may elect GPB Option 1 only if the annuitant is age 80 or younger when the
contract is issued (after age 75, only the 7-year fixed maturity option is
available). You may elect GPB Option 2 only if the annuitant is age 75 or
younger when the contract is issued. If you are purchasing an IRA or Rollover
TSA contract, before you either purchase GPB Option 2 or elect GPB Option 1 with
a maturity year that would extend beyond the year in which you will reach age
70-1/2, you should consider whether your value in the variable investment
options, guaranteed interest option and permissible funds outside this contract
are sufficient to meet your required minimum distributions. See "Tax
information" later in this Prospectus. If you elect GPB Option 2 and change
ownership of the contract, GPB Option 2 will automatically terminate, except
under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.


GUARANTEED PRINCIPAL BENEFIT OPTION 1 (UNDER CERTAIN CONTRACTS, THIS FEATURE IS
CALLED "PRINCIPAL ASSURANCE"). Under GPB Option 1, you select a fixed maturity
option at the time you sign your application. We


                                              Contract features and benefits  31



specify the portion of your initial contribution to be allocated to that fixed
maturity option in an amount that will cause the maturity value to equal the
amount of your entire initial contribution on the fixed maturity option's
maturity date. The percentage of your contribution allocated to the fixed
maturity option will be calculated based upon the rate to maturity then in
effect for the fixed maturity option you choose. Your contract will contain
information on the amount of your contribution allocated to the fixed maturity
option. The maturity date you select generally may not be later than 10 years,
or earlier than 7 years from your contract date. If you make any withdrawals or
transfers from the fixed maturity option before the option's maturity date, the
amount in the fixed maturity option will be adjusted and may no longer grow to
equal your initial contribution under GPB Option 1. You may allocate the
remainder of your initial contribution to the investment options however you
choose, other than the Investment simplifier. (If you elect the General or 12
month dollar cost averaging program, the remainder of your initial contribution
(that is, amounts other than those allocated to the fixed maturity option under
GPB Option 1) must be allocated to that dollar cost averaging program). Upon the
maturity date of the fixed maturity option, you will be provided with the same
notice and the same choices with respect to the maturity value as described
above under "Your choices at the maturity date." There is no charge for GPB
Option 1.

GUARANTEED PRINCIPAL BENEFIT OPTION 2. You may purchase GPB Option 2 at the time
you apply for your contract. IF YOU PURCHASE GPB OPTION 2, YOU MAY NOT MAKE
ADDITIONAL CONTRIBUTIONS TO YOUR CONTRACT AFTER SIX MONTHS FROM THE CONTRACT
ISSUE DATE OR AT ANY EARLIER TIME IF AT SUCH TIME THE THEN APPLICABLE RATE TO
MATURITY ON THE SPECIAL 10 YEAR FIXED MATURITY OPTION IS 3%. Therefore, any
discussion in this Prospectus that involves any additional contributions after
the first six months will be inapplicable. This feature is not available under
all contracts.


We specify the portion of your initial contribution, and any additional
permitted contributions, to be allocated to a special 10 year fixed maturity
option. Your contract will contain information on the percentage of applicable
contributions allocated to the Special 10 year fixed maturity option. You may
allocate the rest of your contributions among the investment options (other than
the Special 10 year fixed maturity option) however you choose, as permitted
under your contract, and other than the Investment simplifier. (If you elect the
General or 12 month dollar cost averaging program, the remainder of all
contributions (that is, amounts other than those allocated to the Special 10
year fixed maturity option) must be allocated to that dollar cost averaging
program). The Special 10 year fixed maturity option will earn interest at the
specified rate to maturity then in effect.

If on the 10th contract date anniversary, your annuity account value is less
than the amount that is guaranteed under GPB Option 2, we will increase your
annuity account value to be equal to the guaranteed amount under GPB Option 2.
Any such additional amounts added to your annuity account value will be
allocated to the EQ/Money Market investment option. After the maturity date of
the Special 10 year fixed maturity option, the guarantee under GPB Option 2 will
terminate. Upon the maturity date of the Special 10 year fixed maturity option,
you will be provided with the same notice and the same choices with respect to
the maturity value as described above under "Your choices at the maturity date."
The guaranteed amount under GPB Option 2 is equal to your initial contribution
adjusted for any additional permitted contributions, transfers out of the
Special 10 year fixed maturity option and withdrawals from the contract (see
"How withdrawals (and transfers out of the Special 10 year fixed maturity
option) affect your Guaranteed minimum income benefit, Guaranteed minimum death
benefit and Guaranteed principal benefit option 2" in "Accessing your money"
later in this Prospectus). Any transfers or withdrawals from the Special 10 year
fixed maturity option will also be subject to a market value adjustment (see
"Market value adjustment" under "Fixed maturity options" above in this section).

Once you purchase the Guaranteed principal benefit option 2, you may not
voluntarily terminate this benefit. GPB Option 2 will terminate if the contract
terminates before the maturity date of the Special 10 year fixed maturity
option. If the owner and the annuitant are different people and the owner dies
before the maturity date of the Special 10 year fixed maturity option, we will
continue GPB Option 2 only if the contract can continue through the maturity
date of the Special 10 year fixed maturity option. If the contract cannot so
continue, we will terminate GPB Option 2. GPB Option 2 will continue where there
is a successor owner/annuitant. GPB Option 2 will terminate upon the exercise of
the beneficiary continuation option. See "Payment of death benefit" later in
this Prospectus for more information about the continuation of the contract
after the death of the owner and/or the annuitant.

There is a fee associated with GPB Option 2 (see "Charges and expenses" later in
this Prospectus). You should note that the purchase of GPB Option 2 is not
appropriate if you want to make additional contributions to your contract beyond
the first six months after your contract is issued. If you later decide that you
would like to make additional contributions to the Accumulator(R) Select(SM)
contract, we may permit you to purchase another contract. If we do, however, you
should note that we do not reduce or waive any of the charges on the new
contract, nor do we guarantee that the features available under this contract
will be available under the new contract. This means that you might end up
paying more with respect to certain charges than if you had simply purchased a
single contract (for example, the administrative charge).


The purchase of GPB Option 2 is also not appropriate if you plan on terminating
your contract before the maturity date of the Special 10 year fixed maturity
option. In addition, because we prohibit contributions to your contract after
the first six months, certain contract benefits that are dependent upon
contributions or account value will be limited (for example the guaranteed death
benefits and Protection Plus(SM)). You should also note that if you intend to
allocate a large percentage of your contributions to the guaranteed interest
option or other fixed maturity options, the purchase of GPB Option 2 may not be
appropriate because of the guarantees already provided by these options. An
example of the effect of GPB Option 1 and GPB Option 2 on your annuity contract
is included in Appendix V later in this Prospectus.


DOLLAR COST AVERAGING

We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to

32  Contract features and benefits


gradually allocate amounts to available investment options by periodically
transferring approximately the same dollar amount to the investment options you
select. Regular allocations to the variable investment options will cause you to
purchase more units if the unit value is low and fewer units if the unit value
is high. Therefore, you may get a lower average cost per unit over the long
term. These plans of investing, however, do not guarantee that you will earn a
profit or be protected against losses. You may not make transfers to the fixed
maturity options or the guaranteed interest option.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

12 MONTH DOLLAR COST AVERAGING PROGRAM. You may dollar cost average from the
EQ/Money Market option into any of the other variable investment options. You
may elect to participate in the 12 month dollar cost averaging program at any
time subject to the age limitation on contributions described earlier in this
Prospectus. Contributions into the account for 12 month dollar cost averaging
may not be transfers from other investment options. You must allocate your
entire initial contribution into the EQ/Money Market option if you are selecting
the 12 month dollar cost averaging program at application to purchase an
Accumulator(R) Select(SM) contract; thereafter, initial allocations to any new
12 month dollar cost averaging program time period must be at least $2,000 and
any subsequent contribution to that same time period must be at least $250. You
may only have one time period in effect at any time. We will transfer your value
in the EQ/Money Market option into the other variable investment options that
you select over the next 12 months or such other period we may offer. Once the
time period then in effect has run, you may then select to participate in the
dollar cost averaging program for an additional time period. At that time, you
may also select a different allocation for transfers to the variable investment
options, or, if you wish, we will continue to use the selection that you have
previously made.

Currently, the transfer date will be the same day of the month as the contract
date, but not later than the 28th. For a 12 month dollar cost averaging program
selected after application, the first transfer date and each subsequent transfer
date for the time period selected will be one month from the date the first
contribution is made into the 12 month dollar cost averaging program, but not
later than the 28th of the month. All amounts will be transferred out by the end
of the time period then in effect. Under this program we will not deduct the
mortality and expense risks, administrative, and distribution charges from
assets in the EQ/Money Market option.

You may not transfer amounts to the EQ/Money Market option established for this
program that are not part of the 12 month dollar cost averaging program. The
only amounts that should be transferred from the EQ/Money Market option are your
regularly scheduled transfers to the other variable investment options. If you
request to transfer or withdraw any other amounts from the EQ/Money Market
option, we will transfer all of the value that you have remaining in the account
for 12 month dollar cost averaging to the investment options according to the
allocation percentages we have on file for you. You may ask us to cancel your
participation at any time.


GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.


If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

INVESTMENT SIMPLIFIER

Fixed-dollar option. Under this option you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Transfers may be made on a monthly, quarterly
or annual basis. You can specify the number of transfers or instruct us to
continue to make transfers until all available amounts in the guaranteed
interest option have been transferred out.

In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. The fixed-dollar option is subject to the guaranteed
interest option transfer limitations described under "Transferring your account
value" in "Transferring your money among investment options" later in this
Prospectus. While the program is running, any transfer that exceeds those
limitations will cause the program to end for that contract year. You will be
notified. You must send in a request form to resume the program in the next or
subsequent contract years.

If, on any transfer date your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.


Interest sweep option. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. The transfer date will be the last business
day of the month. The amount we will transfer will be the interest credited to
amounts you have in the guaranteed interest option from the last business day of
the prior month to the last business day of the current month. You must have at
least $7,500 in the guaranteed interest option on the date we receive your
election. On the last day of each month, we check to see whether you have at
least $7,500 in the guaranteed interest option. We will automatically cancel the
interest sweep program if the amount in the guaranteed interest option is less
than $7,500 on the last day of the month for two months in a row. For the
interest sweep option, the first monthly trans-



                                               Contract features and benefits 33




fer will occur on the last business day of the month following the month that we
receive your election form at our processing office.

                      ----------------------------------

You may not currently participate in any dollar cost averaging program if you
are participating in the Option II rebalancing program. If you elect a GPB, you
may also elect the 12 month or General dollar cost averaging program. If you
elect either of these programs, everything other than amounts allocated to the
fixed maturity option under the GPB must be allocated to that dollar cost
averaging program. You may still elect the Investment simplifier for amounts
transferred from investment options (other than the fixed maturity option under
the GPB you have elected), and, for GPB Option 1, you may also elect Investment
simplifier for subsequent contributions. You may only participate in one dollar
cost averaging program at a time. See "Transferring your money among investment
options" later in this Prospectus. Also, for information on how the dollar cost
averaging program you select may affect certain guaranteed benefits see
"Guaranteed minimum death benefit and Guaranteed minimum income benefit (or the
"Living Benefit") base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states (see Appendix VII later in this
Prospectus for more information on state availability).

GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits as
described in this section. The benefit base for the Guaranteed minimum income
benefit and an enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base (known as the "Living Benefit" under certain existing
contracts) is not an account value or a cash value. See also "Guaranteed minimum
income benefit option" and "Guaranteed minimum death benefit" below.

STANDARD DEATH BENEFIT. Your benefit base is equal to:


o   your initial contribution and any additional contributions to the contract;
    less

o   a deduction that reflects any withdrawals you make. The amount of the
    deduction is described under "How withdrawals (and transfers out of the
    Special 10 year fixed maturity option) affect your Guaranteed minimum income
    benefit, Guaranteed minimum death benefit and Guaranteed principal benefit
    option 2" in "Accessing your money" later in this Prospectus.


6% (OR 5%) ROLL-UP TO AGE 85 (USED FOR THE 6% ROLL-UP TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 ENHANCED DEATH
BENEFIT OR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE
GUARANTEED MINIMUM INCOME BENEFIT). Your benefit base is equal to:


o   your initial contribution and any additional contributions to the contract;
    plus

o   daily roll-up; less

o   a deduction that reflects any withdrawals you make. The amount of the
    deduction is described under "How withdrawals (and transfers out of the
    Special 10 year fixed maturity option) affect your Guaranteed minimum income
    benefit, Guaranteed minimum death benefit and Guaranteed principal benefit
    option 2" in "Accessing your money" and the section entitled "Charges and
    expenses" later in this Prospectus.

The effective annual roll-up rate credited to this benefit base is:


o   6% (or 5%) with respect to the variable investment options (other than
    EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
    and EQ/Short Duration Bond) and monies allocated to the 12 month dollar cost
    averaging program; the effective annual rate is 4% in Washington. Please see
    Appendix VII later in this Prospectus to see what roll-up rate applies in
    your state (or Appendix VIII for what applies to your contract); and

o   3% with respect to the EQ/AllianceBernstein Intermediate Government
    Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed maturity
    options, the Special 10 year fixed maturity option, the guaranteed interest
    option and the loan reserve account under Rollover TSA (if applicable).

The benefit base stops rolling up after the contract date anniversary following
the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT, AND THE GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 OR THE ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to the greater of either:


o   your initial contribution to the contract (plus any additional
    contributions),

                                       or


o   your highest account value on any contract date anniversary up to the
    contract date anniversary following the annuitant's 85th birthday, plus any
    contributions made since the most recent Annual Ratchet,


                                      less

o   a deduction that reflects any withdrawals you make. The amount of the
    deduction is described under "How withdrawals (and transfers out of the
    Special 10 year fixed maturity option) affect your Guaranteed minimum income
    benefit, Guaranteed minimum death benefit and Guaranteed principal benefit
    option 2" in "Accessing your money" later in this Prospectus.


GREATER OF THE 6% (OR 5%) ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT. Your
benefit base is equal to the greater of the benefit base computed for the 6% (or
5%) Roll-Up to age 85 or the benefit base computed for the Annual Ratchet to age
85, as described immediately above, on each contract date anniversary.


34  Contract features and benefits


GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET. If both the Guaranteed minimum income benefit AND the
Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
death benefit (the "Greater of enhanced death benefit") are elected, you may
reset the Roll-Up benefit base for these guaranteed benefits to equal the
account value as of the 5th or later contract date anniversary. The reset amount
would equal the account value as of the contract date anniversary on which you
reset your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.

We will send you a notice in each year that the Roll-Up benefit base is eligible
to be reset, and you will have 30 days from your contract date anniversary to
reset your Roll-Up benefit base. Each time you reset the Roll-Up benefit base,
your Roll-Up benefit base will not be eligible for another reset for five years.
If after your death your spouse continues this contract as Successor
owner/annuitant, the benefit base will be eligible to be reset either five years
from the contract date or from the last reset date, if applicable. The last age
at which the benefit base is eligible to be reset is annuitant age 75.


It is important to note that once you have reset your Roll-Up benefit base, a
new 10 year waiting period to exercise the Guaranteed minimum income benefit
will apply from the date of the reset; you may not exercise until the tenth
contract date anniversary following the reset or, if later, the earliest date
you would have been permitted to exercise without regard to the reset. See
"Exercise rules" under "Guaranteed minimum income benefit option" below for more
information. Please note that in almost all cases, resetting your Roll-Up
benefit base will lengthen the exercise waiting period. Also, even when there is
no additional charge when you reset your Roll-Up benefit base, the total dollar
amount charged on future contract date anniversaries may increase as a result of
the reset since the charges may be applied to a higher benefit base than would
have been otherwise applied. See "Charges and expenses" in the Prospectus.

The Roll-Up benefit base for both the Greater of enhanced death benefit and the
Guaranteed minimum income benefit are reset simultaneously when you request a
Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


For information about whether the Guaranteed death benefit/ Guaranteed minimum
income benefit roll-up benefit base reset is available under your contract,
please see Appendix VIII later in this Prospectus. The availability of the
Guaranteed minimum death benefit/ guaranteed minimum income benefit roll-up
benefit base reset is also subject to state approval. Please contact your
financial professional for more information about availability in your state.

ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout options.
The Guaranteed minimum income benefit is discussed in "Guaranteed minimum income
benefit option" below and annuity payout options are discussed in "Accessing
your money" later in this Prospectus. Your contract specifies different
guaranteed annuity purchase factors for the Guaranteed minimum income benefit
and the annuity payout options. We may provide more favorable current annuity
purchase factors for the annuity payout options. Annuity purchase factors are
based on interest rates, mortality tables, frequency of payments, the form of
annuity benefit, and the annuitant's (and any joint annuitant's) age and sex in
certain instances.

GUARANTEED MINIMUM INCOME BENEFIT OPTION


(DEPENDING ON WHEN YOU PURCHASED YOUR CONTRACT, THIS BENEFIT MAY BE CALLED THE
"LIVING BENEFIT." SEE APPENDIX VIII LATER IN THIS PROSPECTUS FOR MORE
INFORMATION.)


The Guaranteed minimum income benefit is available if the annuitant is age 20
through 75 at the time the contract is issued. There is an additional charge for
the Guaranteed minimum income benefit which is described under "Guaranteed
minimum income benefit charge" in "Charges and expenses" later in this
Prospectus. Once you purchase the Guaranteed minimum income benefit, you may not
voluntarily terminate this benefit.


If you are purchasing this contract as an Inherited IRA or if you elect a GPB
option or Principal Protector(SM), the Guaranteed minimum income benefit is not
available. If you are an existing contract owner, the Guaranteed minimum income
benefit rider may have been available with Principal assurance. See Appendix
VIII later in this Prospectus for more information.


If you are purchasing this contract to fund a Charitable Remainder Trust, the
Guaranteed minimum income benefit is not available except for certain
split-funded Charitable Remainder Trusts. If the annuitant was older than age 60
at the time an IRA or Rollover TSA contract was issued, the Guaranteed minimum
income benefit may not be an appropriate feature because the minimum
distributions required by tax law generally must begin before the Guaranteed
minimum income benefit can be exercised. If the owner and annuitant are
different in an NQ contract, there may be circumstances where the benefit may
not be exercisable after an owner's death.


Depending on when you purchased your contract, if you elect the Guaranteed
minimum income benefit option and change ownership of the contract, this benefit
will automatically terminate, except under certain circumstances. See "Transfers
of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information. Also, for more
information about when the Guaranteed minimum income benefit will terminate
under your contract, please see Appendix VIII later in this Prospectus.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option, subject to state availability. If you are an
existing contract owner, your options may be different. See Appendix VIII later
in this Prospectus for more information. You choose which of these payout
options you want and whether you want the option to be paid on a single or joint
life basis at the time you exercise your Guaranteed minimum income benefit. The
maximum period certain available under the life with a period certain payout
option is 10 years. This period may be shorter, depending on the annuitant's age
as follows:


                                              Contract features and benefits  35


- ---------------------------------------
            Level payments
- ---------------------------------------
                   Period certain years
    Annuitant's    --------------------
  age at exercise     IRAs       NQ
- ---------------------------------------
  75 and younger      10         10
        76             9         10
        77             8         10
        78             7         10
        79             7         10
        80             7         10
        81             7         9
        82             7         8
        83             7         7
        84             6         6
        85             5         5
- --------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
It provides income protection if you elect an income payout while the annuitant
is alive.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base to guaranteed annuity purchase factors, or (ii) the income provided
by applying your account value to our then current annuity purchase factors. For
Rollover TSA only, we will subtract from the Guaranteed minimum income benefit
base or account value any outstanding loan, including interest accrued but not
paid. You may also elect to receive monthly or quarterly payments as an
alternative. The payments will be less than 1/12 or 1/4 of the annual payments,
respectively, due to the effect of interest compounding. The benefit base is
applied only to the guaranteed annuity purchase factors under the Guaranteed
minimum income benefit in your contract and not to any other guaranteed or
current annuity purchase rates. The amount of income you actually receive will
be determined when we receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of Guaranteed
minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit, you should consider the
fact that it provides a form of insurance and is based on conservative actuarial
factors. The guaranteed annuity purchase factors we use to determine your payout
annuity benefit under the Guaranteed minimum income benefit are more
conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic payment
under our standard payout annuity options. Therefore, even if your account value
is less than your benefit base, you may generate more income by applying your
account value to current annuity purchase factors. We will make this comparison
for you when the need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE". Subject to availability,
in general, if your account value falls to zero (except, as discussed below, if
your account value falls to zero due to a withdrawal that causes your total
contract year withdrawals to exceed 6% of the Roll-Up benefit base as of the
beginning of the contract year), the Guaranteed minimum income benefit will be
exercised automatically, based on the annuitant's current age and benefit base,
as follows:


o   You will be issued a supplementary contract based on a single life with a
    maximum 10 year period certain. Payments will be made annually starting one
    year from the date the account value fell to zero.

o   You will have 30 days from when we notify you to change the payout option
    and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o   If your account value falls to zero due to a withdrawal that causes your
    total contract year withdrawals to exceed 6% of the Roll-Up benefit base (as
    of the beginning of the contract year);

o   If your aggregate withdrawals during any contract year exceed 6% of the
    Roll-Up benefit base (as of the beginning of the contract year);


o   On the contract date anniversary following annuitant's 85th birthday.

For information about whether the Guaranteed minimum income benefit no lapse
guarantee is available under your contract, please see Appendix VIII later in
this Prospectus. The availability of the Guaranteed minimum income benefit no
lapse guarantee is dependent on when, and in what state, you purchased your
contract. Please see Appendices VII and VIII, later in this Prospectus.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male annuitant age
60 (at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond,


36  Contract features and benefits



the guaranteed interest option, the fixed maturity options (including the
Special 10 year fixed maturity option, if available) or the loan reserve
account.




- ---------------------------------------------------------
                              Guaranteed minimum income
      Contract date        benefit -- annual income pay-
 anniversary at exercise           able for life
- ---------------------------------------------------------
                                 
            10                      $11,891
            15                      $18,597
- ---------------------------------------------------------


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date anniversary
that you are eligible to exercise the Guaranteed minimum income benefit, we will
send you an eligibility notice illustrating how much income could be provided as
of the contract date anniversary. You must notify us within 30 days following
the contract date anniversary if you want to exercise the Guaranteed minimum
income benefit. You must return your contract to us, along with all required
information, within 30 days following your contract date anniversary in order to
exercise this benefit. You will begin receiving annual payments one year after
the annuity payout contract is issued. If you choose monthly or quarterly
payments, you will receive your payment one month or one quarter after the
annuity payout contract is issued. You may choose to take a withdrawal prior to
exercising the Guaranteed minimum income benefit, which will reduce your
payments. You may not partially exercise this benefit. See "Accessing your
money" under "Withdrawing your account value" later in this Prospectus. Payments
end with the last payment before the annuitant's (or joint annuitant's, if
applicable) death or, if later, then end of the period certain (where the payout
option chosen includes a period certain).

EXERCISE RULES. You will be eligible to exercise the Guaranteed minimum income
benefit during your life and the annuitant's life, as follows:


o     If the annuitant was at least age 20 and not older than age 44 when the
      contract was issued, you are eligible to exercise the Guaranteed minimum
      income benefit within 30 days following each contract date anniversary
      beginning with the 15th contract date anniversary.

o     If the annuitant was at least age 45 and not older than age 49 when the
      contract was issued, you are eligible to exercise the Guaranteed minimum
      income benefit within 30 days following each contract date anniversary
      after the annuitant is age 60.

o     If the annuitant was at least age 50 and not older than age 75 when the
      contract was issued, you are eligible to exercise the Guaranteed minimum
      income benefit within 30 days following each contract date anniversary
      beginning with the 10th contract date anniversary.


Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit is
      within 30 days following the contract date anniversary following the
      annuitant's 85th birthday;


(ii)  if the annuitant was age 75 when the contract was issued or the Roll-Up
      benefit base was reset, if applicable, the only time you may exercise the
      Guaranteed minimum income benefit is within 30 days following the contract
      date anniversary following the annuitant's attainment of age 85;


(iii) for Accumulator(R) Select(SM) Rollover TSA contracts, you may exercise the
      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Select(SM) Rollover IRA. This may only occur
      when you are eligible for a distribution from the TSA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise. However, if the
      Guaranteed minimum income benefit is automatically exercised as a result
      of the no lapse guarantee, a rollover into an IRA will not be effected and
      payments will be made directly to the trustee;


(iv)  if you reset the Roll-Up benefit base (if available and as described
      earlier in this section), your new exercise date will be the tenth
      contract date anniversary following the reset or, if later, the earliest
      date you would have been permitted to exercise without regard to the
      reset. Please note that in almost all cases, resetting your Roll-Up
      benefit base will lengthen the waiting period;

(v)   a successor owner/annuitant may only continue the Guaranteed minimum
      income benefit if the contract is not past the last date on which the
      original annuitant could have exercised the benefit. In addition, the
      successor owner/annuitant must be eligible to continue the benefit and to
      exercise the benefit under the applicable exercise rule (described in the
      above bullets) using the following additional rules. The successor
      owner/annuitant's age on the date of the annuitant's death replaces the
      annuitant's age at issue for purposes of determining the availability of
      the benefit and which of the exercise rules applies. The original contract
      issue date will continue to apply for purposes of the exercise rules. If
      Spousal Protection is available under your contract and is elected, and
      the spouse who is the annuitant dies, the above rules apply if the
      contract is continued by the surviving spouse as the successor owner
      annuitant; and


(vi)  if you are the owner but not the annuitant and you die prior to exercise,
      then the following applies:


      o  A successor owner who is not the annuitant may not be able to exercise
         the guaranteed minimum income benefit without causing a tax problem.
         You should consider naming the annuitant as successor owner, or if you
         do not name a successor owner, as the sole primary beneficiary. You
         should carefully review your successor owner and/or beneficiary
         designations at least one year prior to the first contract date
         anniversary on which you could exercise the benefit.



      o  If the successor owner is the annuitant, the guaranteed minimum income
         benefit continues only if the benefit could be exercised under the
         rules described above on a contract date anniversary that is within one
         year following the owner's death. This would be the only opportunity
         for the successor owner to exercise. If the guaranteed minimum income
         benefit cannot be exercised within this timeframe, the benefit will
         terminate and the charge for it will no longer apply as of the date we
         receive proof of your death and any required information.


                                              Contract features and benefits  37



      o  If you designate your surviving spouse as successor owner, the
         guaranteed minimum income benefit continues and your surviving spouse
         may exercise the benefit according to the rules described above, even
         if your spouse is not the annuitant and even if the benefit is
         exercised more than one year after your death. If your surviving spouse
         dies prior to exercise, the rule described in the previous bullet
         applies.


      o  A successor owner or beneficiary that is a trust or other non- natural
         person may not exercise the benefit; in this case, the benefit will
         terminate and the charge for it will no longer apply as of the date we
         receive proof of your death and any required information.

See "When an NQ contract owner dies before the annuitant" under "Payment of
death benefit" later in this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals (and transfers out of the Special 10 year fixed
maturity option) affect your Guaranteed minimum income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" later in this Prospectus for more information on these guaranteed
benefits.

GUARANTEED MINIMUM DEATH BENEFIT


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms necessary
to effect payment, OR the standard death benefit, whichever provides the higher
amount. The standard death benefit is equal to your total contributions adjusted
for any withdrawals and any taxes that apply. The standard death benefit is the
only death benefit available for annuitants ages 76 through 85 at issue. If you
are an existing contract owner, the applicable issue ages may be different.
Please see Appendix VIII later in this Prospectus for more information. Once
your contract is issued, you may not change or voluntarily terminate your death
benefit.

If you elect one of the enhanced death benefits, the death benefit is equal to
your account value (without adjustment for any otherwise applicable negative
market value adjustment) as of the date we receive satisfactory proof of the
annuitant's death, any required instructions for the method of payment,
information and forms necessary to effect payment, OR your elected enhanced
death benefit on the date of the annuitant's death (adjusted for any subsequent
withdrawals and taxes that apply), whichever provides the higher amount. If you
elect the Spousal protection option, if available, the Guaranteed minimum death
benefit is based on the age of the older spouse, who may or may not be the
annuitant, for the life of the contract. See "Spousal protection" in "Payment of
death benefit" later in this Prospectus for more information.

Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.


OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR ANNUITANTS AGES 0 THROUGH 75 AT
ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE OF ROLLOVER IRA, ROTH CONVERSION
IRA AND ROLLOVER TSA CONTRACTS; AND 0 THROUGH 70 AT ISSUE OF INHERITED IRA
CONTRACTS. IF YOU ALREADY OWN A CONTRACT, YOUR AVAILABLE ISSUE AGES MAY HAVE
BEEN OLDER AT THE TIME YOU PURCHASED YOUR CONTRACT.


Subject to state availability, you may elect one of the following enhanced death
benefits (see Appendix VII later in this Prospectus for state availability of
these benefits):


o  Annual Ratchet to age 85.

o  6% Roll-Up to age 85. (no longer available )

o  The Greater of 5% Roll-Up to age 85 or the Annual Ratchet to age 85 (no
   longer available )

o  The Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base described
earlier in "Guaranteed minimum death benefit and Guaranteed minimum income
benefit base." Once you have made your enhanced death benefit election, you may
not change it.


If you elect Principal Protector(SM), only the standard death benefit and the
Annual Ratchet to Age 85 enhanced death benefit are available.


Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals and (transfers out of the Special 10 year fixed
maturity option) affect your Guaranteed minimum income benefit, Guaranteed
minimum death benefit and Guaranteed principal benefit option 2" in "Accessing
your money" later in this Prospectus for more information on these guaranteed
benefits.

See Appendix III later in this Prospectus for an example of how we calculate an
enhanced death benefit.

Protection Plus(SM)


Subject to state and contract availability and variation (see Appendices VII and
VIII later in this Prospectus for more information), if you are purchasing a
contract under which the Protection Plus(SM) feature is available, you may elect
the Protection Plus(SM) death benefit at the time you purchase your contract.
Protection Plus(SM) provides an additional death benefit as described below. See
"Tax information" later in this Prospectus for the potential tax consequences of
electing to purchase the Protection Plus(SM) feature in an NQ, IRA or Rollover
TSA contract. Once you purchase the Protection Plus(SM) feature, you may not
voluntarily terminate this feature. If you elect Principal Protector(SM) the
Protection Plus(SM) feature is not available.

Depending on when you purchased your contract, if you elect the Protection
Plus(SM) option described below and change ownership of the


38  Contract features and benefits



contract, generally this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.


If the annuitant is 70 or younger when we issue your Contract (or if the
successor owner/annuitant is 70 or younger when he or she becomes the successor
owner/annuitant and Protection Plus(SM) had been elected at issue), the death
benefit will be:

the greater of:

o   the account value or

o   any applicable death benefit

Increased by:

o   such death benefit less total net contributions, multiplied by 40%.


For purposes of calculating your Protection Plus(SM) benefit, the following
applies: (i) "Net contributions" are the total contributions made (or, if
applicable, the total amount that would otherwise have been paid as a death
benefit had the successor owner/annuitant election not been made plus any
subsequent contributions) adjusted for each withdrawal that exceeds your
Protection Plus(SM) earnings. "Net contributions" are reduced by the amount of
that excess. Protection Plus(SM) earnings are equal to (a) minus (b) where (a)
is the greater of the account value and the death benefit immediately prior to
the withdrawal and (b) is the net contributions as adjusted by any prior
withdrawals; and (ii) "Death benefit" is equal to the greater of the account
value as of the date we receive satisfactory proof of death or any applicable
Guaranteed minimum death benefit as of the date of death. If you are an existing
contract owner and not a new purchaser, your net contributions may be reduced on
a pro rata basis to reflect withdrawals (including any TSA loans). For
information about what applies to your contract, see Appendix VIII later in this
Prospectus.


If you elect the Protection Plus(SM) option described below and change ownership
of the contract, generally this benefit will automatically terminate, except
under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.


If the annuitant is age 71 through 75 this age may be higher under certain
existing contracts when we issue your contract (or if the successor
owner/annuitant is between the ages of 71 and 75 when he or she becomes the
successor owner/annuitant and Protection Plus(SM) had been elected at issue),
the death benefit will be:


the greater of:

o   the account value or

o   any applicable death benefit

Increased by:

o   such death benefit (as described above) less total net contributions,
    multiplied by 25%.

The value of the Protection Plus(SM) death benefit is frozen on the first
contract date anniversary after the annuitant turns age 80, except that the
benefit will be reduced for withdrawals on a pro rata basis. Reduction on a pro
rata basis means that we calculate the percentage of the current account value
that is being withdrawn and we reduce the benefit by that percentage. For
example, if the account value is $30,000 and you withdraw $12,000, you have
withdrawn 40% of your account value. If the benefit is $40,000 before the
withdrawal, it would be reduced by $16,000 ($40,000 x .40) and the benefit after
the withdrawal would be $24,000 ($40,000 - $16,000).

For an example of how the Protection Plus(SM) death benefit is calculated,
please see Appendix VI.

If you elect Spousal protection, the Protection Plus(SM) benefit is based on the
age of the older spouse, who may or may not be the annuitant. Upon the death of
the non-annuitant spouse, the account value will be increased by the value of
the Protection Plus(SM) benefit as of the date we receive due proof of death.
Upon the death of the annuitant, the value of the Protection Plus(SM) benefit is
either added to the death benefit payment or to the account value if Successor
owner/annuitant is elected. If the surviving spouse elects to continue the
contract, the benefit will be based on the age of the surviving spouse as of the
date of the deceased spouse's death for the remainder of the contract. If the
surviving spouse is age 76 or older, the benefit will terminate and the charge
will no longer be in effect. See "Spousal protection" in "Payment of death
benefit" later in this Prospectus for more information.

Protection Plus(SM) must be elected when the contract is first issued: neither
the owner nor the successor owner/annuitant can add it subsequently. Ask your
financial professional or see Appendix VII later in this Prospectus to see if
this feature is available in your state.

PRINCIPAL PROTECTOR(SM)

As described below, Principal Protector(SM) provides for recovery of your total
contributions through withdrawals, even if your account value falls to zero,
provided that during each contract year, your total withdrawals do not exceed
your Guaranteed Annual withdrawal amount. Principal Protector(SM) is not an
automated withdrawal program. You may request a withdrawal through any of our
available withdrawal methods. See "Withdrawing your account value" in "Accessing
your money" later in this Prospectus. All withdrawals reduce your account value
and the guaranteed minimum death benefit.

Principal Protector(SM) may be elected at contract issue, for an additional
charge, if the annuitant is age 0 through 85 for NQ contracts or age 20 through
75 for all IRA contracts. Please see "Principal Protector(SM) charge" in
"Charges and expenses" later in this Prospectus for a description of the charge
and when it applies. If you elect this benefit, you cannot terminate it.


If you are an existing contract owner, this feature may not be available under
your contract. See Appendix VIII later in this Prospectus for more information.


If you die, and your beneficiary elects the Beneficiary continuation option, if
available, your beneficiary may continue Principal Protector(SM) provided that
the beneficiary was 75 or younger on the original contract date. If the
beneficiary was older, Principal Protector(SM) will terminate without value even
if the GWB benefit base is greater than zero. In the case of multiple
beneficiaries, any beneficiary older than 75 may not continue Principal
Protector(SM) and that beneficiary's portion of

                                              Contract features and benefits  39


the GWB benefit base will terminate without value, even if it was greater than
zero. The ability to continue Principal Protector(SM) under the Beneficiary
continuation option is subject to state availability. When and if it is approved
in your state, it will be added to your contract if you had already elected
Principal Protector(SM). See "Beneficiary continuation option" under "Payment of
death benefit" later in the Prospectus for more information on continuing
Principal Protector(SM) under the Beneficiary continuation option.


If you are purchasing this contract as a TSA or Inherited IRA, Principal
Protector(SM) is not available. This benefit is also not available if you elect
the Guaranteed minimum income benefit, the Greater of 6% Roll-Up to age 85 and
Annual Ratchet to Age 85 enhanced death benefit, Protection Plus(SM), GPB Option
1 or GPB Option 2. This benefit may not be available under your contract. For
more information, please see Appendix VIII later in this Prospectus.


If you elect the Principal Protector(SM) option described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

You should not purchase Principal Protector(SM) if you plan to take withdrawals
in excess of your GWB Annual withdrawal amount because those withdrawals
significantly reduce or eliminate the value of the benefit. See "Effect of GWB
Excess withdrawals" below. For traditional IRAs, the Principal Protector(SM)
makes provision for you to take lifetime required minimum distributions ("RMDs")
without losing the value of the Principal Protector(SM) guarantee, provided you
comply with the conditions under "Lifetime required minimum distribution
withdrawals" in "Accessing your money" later in this Prospectus including
utilizing our Automatic RMD service. If you do not expect to comply with these
conditions, including utilization of our Automatic RMD service, this benefit may
have limited usefulness for you and you should consider whether it is
appropriate. Please consult your tax adviser.

YOUR GWB BENEFIT BASE

At issue, your GWB benefit base is equal to your initial contribution and will
increase or decrease, as follows:

o   Your GWB benefit base increases by the dollar amount of any additional
    contributions.

o   Your GWB benefit base decreases by the dollar amount of withdrawals.

o   Your GWB benefit base may be further decreased if a withdrawal is taken in
    excess of your GWB Annual withdrawal amount.

o   Your GWB benefit base may also be increased under the Optional step up
    provision.

o   Your GWB benefit base may also be increased under the one time step up
    applicable with the Beneficiary continuation option.

Each of these events is described in detail below. Once your GWB benefit base is
depleted, you may continue to make withdrawals from your account value, but they
are not guaranteed under Principal Protector(SM).

YOUR GWB ANNUAL WITHDRAWAL AMOUNT

Your GWB Annual withdrawal amount is equal to either 5% or 7% ("Applicable
percentage"), as applicable, of your initial GWB benefit base, and is the
maximum amount that you can withdraw each year without making a GWB Excess
withdrawal, as described below. When you purchase your contract, you choose
between two available GWB Annual withdrawal options:

o   7% GWB Annual withdrawal option

o   5% GWB Annual withdrawal option

The GWB Annual withdrawal amount may decrease as a result of a GWB Excess
withdrawal and may increase as a result of an Automatic reset, additional
contributions or a "step up" of the GWB benefit base; each of these transactions
are discussed below in detail. Once you elect a GWB Annual withdrawal option, it
cannot be changed.

Your GWB Annual withdrawal amounts are not cumulative. If you withdraw less than
the GWB Annual withdrawal amount in any contract year, you may not add the
remainder to your GWB Annual withdrawal amount in any subsequent year.

EFFECT OF GWB EXCESS WITHDRAWALS

A GWB Excess withdrawal is caused when you withdraw more than your GWB Annual
withdrawal amount in any contract year. Once a withdrawal causes cumulative
withdrawals in a contract year to exceed your GWB Annual withdrawal amount, the
entire amount of the withdrawal and each subsequent withdrawal in that contract
year are GWB Excess withdrawals.

A GWB Excess withdrawal can cause a significant reduction in both your GWB
benefit base and your GWB Annual withdrawal amount. If you make a GWB Excess
withdrawal, we will recalculate your GWB benefit base and the GWB Annual
withdrawal amount. As of the date of the GWB Excess withdrawal, the GWB benefit
base is first reduced by the dollar amount of the withdrawal, and the reduced
GWB benefit base and the GWB Annual withdrawal amount are then further adjusted,
as follows:

o   If the account value after the deduction of the withdrawal is less than the
    GWB benefit base, then the GWB benefit base is reset equal to the account
    value.

o   If the account value after the deduction of the withdrawal is greater than
    or equal to the GWB benefit base, then the GWB benefit base is not adjusted
    further.

o   The GWB Annual withdrawal amount equals the lesser of: (i) the Applicable
    percentage of the adjusted GWB benefit base and (ii) the GWB Annual
    withdrawal amount prior to the GWB Excess withdrawal.

You should not purchase this benefit if you plan to take withdrawals in excess
of your GWB Annual withdrawal amount, as such withdrawals significantly reduce
or eliminate the value of Principal Protector(SM). If your account value is less
than your GWB benefit base (due, for example, to negative market performance), a
GWB Excess withdrawal, even one that is only slightly more than your GWB Annual
withdrawal amount, can significantly reduce your GWB benefit base and the GWB
Annual withdrawal amount.

40  Contract features and benefits


For example, if you contribute $100,000 at contract issue, your initial GWB
benefit base is $100,000. If you elect the 7% GWB Annual withdrawal option, your
GWB Annual withdrawal amount is equal to $7,000 (7% of $100,000). Assume in
contract year four that your account value is $80,000, you have not made any
prior withdrawals, and you request an $8,000 withdrawal. Your $100,000 benefit
base is first reduced by $8,000 to now equal $92,000. Your GWB benefit base is
then further reduced to equal the new account value: $72,000 ($80,000 minus
$8,000). In addition, your GWB Annual withdrawal amount is reduced to $5,040 (7%
of $72,000), instead of the original $7,000.

You should further note that a GWB Excess withdrawal that reduces your account
value to zero eliminates any remaining value in your GWB benefit base. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA and participate
in our Automatic RMD service, and you do not take any other withdrawals, an
automatic withdrawal under that program will not cause a GWB Excess withdrawal,
even if it exceeds your GWB Annual withdrawal amount. For more information, see
"Lifetime required minimum distribution withdrawals" in "Accessing your money"
later in this Prospectus.

If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option and chooses scheduled payments, such payments
will not cause a GWB Excess withdrawal, provided no additional withdrawals are
taken. If your beneficiary chooses the "5-year rule" instead of scheduled
payments, this waiver does not apply and a GWB Excess withdrawal may occur if
withdrawals exceed the GWB Annual withdrawal amounts.

EFFECT OF AUTOMATIC RESET


If you take no withdrawals in the first five contract years, the Applicable
percentage to determine your GWB Annual withdrawal amount will be automatically
reset at no additional charge. The Applicable percentage under the 7% GWB Annual
withdrawal option will be increased to 10%, and the Applicable percentage under
the 5% GWB Annual withdrawal option will be increased to 7%. The Applicable
percentage is automatically reset on your fifth contract date anniversary, and
your GWB Annual withdrawal amount will be recalculated.

If you die before the fifth contract date anniversary, and your beneficiary
continues Principal Protector(SM) under the Beneficiary continuation option, if
available, the Automatic reset will apply on the fifth contract date anniversary
if you have not taken any withdrawals and: (1) your beneficiary chooses
scheduled payments and payments have not yet started; or, (2) if your
beneficiary chooses the "5-year rule" option and has not taken withdrawals. See
"Beneficiary continuation option" in "Payment of death benefit" later in this
Prospectus.


EFFECT OF ADDITIONAL CONTRIBUTIONS

Anytime you make an additional contribution, we will recalculate your GWB
benefit base and your GWB Annual withdrawal amount. Your GWB benefit base will
be increased by the amount of the contribution and your GWB Annual withdrawal
amount will be equal to the greater of (i) the Applicable percentage of the new
GWB benefit base, or (ii) the GWB Annual withdrawal amount in effect immediately
prior to the additional contribution.

If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, no additional contributions will be permitted.

OPTIONAL STEP UP PROVISION


Except as stated below, any time after the fifth contract date anniversary, you
may request a step up in the GWB benefit base to equal your account value. If
your GWB benefit base is higher than the account value as of the date we receive
your step up request, no step up will be made. If a step up is made, we may
increase the charge for the benefit. For a description of the charge increase,
see "Principal Protector(SM) charge" in "Charges and expenses" later in this
Prospectus. Once you elect to step up the GWB benefit base, you may not do so
again for five complete contract years from the next contract date anniversary.
Under both the Spousal protection and the successor owner annuitant features,
upon the first death, the surviving spouse must wait five complete contract
years from the last step up or from contract issue, whichever is later, to be
eligible for a step up.


As of the date of your GWB benefit base step up, your GWB Annual withdrawal
amount will be equal to the greater of (i) your GWB Annual withdrawal amount
before the step up, and (ii) your GWB Applicable percentage applied to your
stepped up GWB benefit base.

It is important to note that a step up in your GWB benefit base may not increase
your GWB Annual withdrawal amount. In that situation, the effect of the step up
is only to increase your GWB benefit base and support future withdrawals. We
will process your step up request even if it does not increase your GWB Annual
withdrawal amount, and we will increase the Principal Protector(SM) charge, if
applicable. In addition, you will not be eligible to request another step up for
five complete contract years. After processing your request, we will send you a
confirmation showing the amount of your GWB benefit base and your GWB Annual
withdrawal amount.

For example, if you contribute $100,000 at contract issue, your initial GWB
benefit base is $100,000. If you elect the 7% GWB Annual withdrawal option, your
GWB Annual withdrawal amount is equal to $7,000 (7% of $100,000). Assume you
take withdrawals of $7,000 in each of the first five contract years, reducing
the GWB benefit base to $65,000. After five contract years, further assume that
your account value is $92,000, and you elect to step up the GWB benefit base
from $65,000 to $92,000. The GWB Annual withdrawal amount is recalculated to
equal the greater of 7% of the new GWB benefit base, which is $6,440 (7% of
$92,000), or the current GWB Annual withdrawal amount, $7,000. Therefore,
following the step up, even though your GWB benefit base has increased, your GWB
Annual withdrawal amount does not increase and remains $7,000.

The Optional step up provision is not available once your beneficiary continues
Principal Protector(SM) under the Beneficiary continuation option. However, if
you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, the GWB benefit base will be stepped up to
equal the account value, if higher, as of the transaction date that we receive
the Beneficiary continuation

                                              Contract features and benefits  41


option election. As of the date of the GWB benefit base step up, your
beneficiary's GWB Annual withdrawal amount will be equal to the greater of (i)
your GWB Annual withdrawal amount before the step up, and (ii) your GWB
Applicable percentage applied to the stepped up GWB benefit base. This is a
one-time step up at no additional charge.

OTHER IMPORTANT CONSIDERATIONS

o   Principal Protector(SM) protects your principal only through with-drawals.
    Your account value may be less than your total contributions.

o   You can take withdrawals under your contract without purchasing Principal
    Protector(SM). In other words, you do not need this benefit to make
    withdrawals.

o   Withdrawals made under Principal Protector(SM) will be treated, for tax
    purposes, in the same way as other withdrawals under your contract.

o   All withdrawals are subject to all of the terms and conditions of the
    contract. Principal Protector(SM) does not change the effect of withdrawals
    on your account value or guaranteed minimum death benefit; both are reduced
    by withdrawals whether or not you elect Principal Protector(SM). See "How
    withdrawals are taken from your account value" and "How withdrawals (and
    transfers out of the Special 10 year fixed maturity option) affect your
    Guaranteed minimum income benefit, Guaranteed minimum death benefit and
    Guaranteed principal benefit option 2" in "Accessing your money" later in
    this Prospectus.

o   If you withdraw less than the GWB Annual withdrawal amount in any contract
    year, you may not add the remainder to your GWB Annual withdrawal amount in
    any subsequent year.

o   GWB Excess withdrawals can significantly reduce or completely eliminate the
    value of this benefit. See "Effect of GWB Excess withdrawals" above in this
    section and "Withdrawing your account value" in "Accessing your money" later
    in this Prospectus.

o   If you surrender your contract to receive its cash value, all benefits under
    the contract will terminate, including Principal Protector(SM) if your cash
    value is greater than your GWB Annual withdrawal amount. Therefore, when
    surrendering your contract, you should seriously consider the impact on
    Principal Protector(SM) when you have a GWB benefit base that is greater
    than zero.

o   If you die and your beneficiary elects the Beneficiary continuation option,
    then your beneficiary should consult with a tax adviser before choosing to
    use the "5-year rule." The "5-year rule" is described in "Payment of death
    benefit" under "Beneficiary continuation option" later in this Prospectus.
    The GWB benefit base may be adversely affected if the beneficiary makes any
    withdrawals that cause a GWB Excess withdrawal. Also, when the contract
    terminates at the end of 5 years, any remaining GWB benefit base would be
    lost.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT


This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to the
beneficiary after the deceased owner's death. See the discussion of required
minimum distributions under "Tax information." This contract is intended only
for beneficiaries who want to take payments at least annually over their life
expectancy. These payments generally must begin (or must have begun) no later
than December 31 of the calendar year following the year the deceased owner
died. This contract is not suitable for beneficiaries electing the "5-year
rule." See "Beneficiary continuation option for IRA and Roth IRA contracts"
under "Beneficiary continuation option" in "Payment of death benefit" later in
this Prospectus. You should discuss with your tax adviser your own personal
situation. This contract may not be available in all states. Please speak with
your financial professional for further information.

If you are an existing contract owner, this contract may not have been available
when you purchased your contract. See Appendix VIII later in this Prospectus for
more information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with only
individual beneficiaries will be treated as individuals for this purpose.) The
contract must also contain the name of the deceased owner. In this discussion,
"you" refers to the owner of the inherited IRA beneficiary continuation
contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o   You must receive payments at least annually (but can elect to receive
    payments monthly or quarterly). Payments are generally

42  Contract features and benefits


    made over your life expectancy determined in the calendar year after the
    deceased owner's death and determined on a term certain basis.

o   You must receive payments from this contract even if you are receiving
    payments from another IRA of the deceased owner in an amount that would
    otherwise satisfy the amount required to be distributed from this contract.

o   The beneficiary of the original IRA will be the annuitant under the
    inherited IRA beneficiary continuation contract. In the case where the
    beneficiary is a "See Through Trust," the oldest beneficiary of the trust
    will be the annuitant.

o   An inherited IRA beneficiary continuation contract is not available for
    annuitants over age 70.

o   The initial contribution must be a direct transfer from the deceased owner's
    original IRA and is subject to minimum contri bution amounts. See "How you
    can purchase and contribute to your contract" earlier in this section.


o   Subsequent contributions of at least $1,000 are permitted but must be direct
    transfers of your interest as a beneficiary from another IRA with a
    financial institution other than AXA Equitable, where the deceased owner is
    the same as under the original IRA contract. A non-spousal beneficiary under
    an Applicable Plan cannot make subsequent contributions to an Inherited
    traditional IRA contract.


o   You may make transfers among the investment options.

o   You may choose at any time to withdraw all or a portion of the account
    value. Any partial withdrawal must be at least $300.

o   The Guaranteed minimum income benefit, successor owner/ annuitant feature,
    12-month dollar cost averaging program, automatic investment program, GPB
    Options 1 and 2, Principal Protector(SM) and systematic withdrawals are not
    available under the Inherited IRA beneficiary continuation contract.

o   If you die, we will pay to a beneficiary that you choose the greater of the
    annuity account value or the applicable death benefit.

o   Upon your death, your beneficiary has the option to continue taking required
    minimum distributions based on your remaining life expectancy or to receive
    any remaining interest in the contract in a single sum. The option elected
    will be processed when we receive satisfactory proof of death, any required
    instructions for the method of payment and any required information and
    forms necessary to effect payment. If your beneficiary elects to continue to
    take distributions, we will increase the account value to equal the
    applicable death benefit if such death benefit is greater than such account
    value as of the date we receive satisfactory proof of death and any required
    instructions, information and forms. If you had elected any enhanced death
    benefits, they will no longer be in effect and charges for such benefits
    will stop. The Guaranteed minimum death benefit will also no longer be in
    effect.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it to
us for a refund. To exercise this cancellation right you must mail the contract,
with a signed letter of instruction electing this right, to our processing
office within 10 days after you receive it. If state law requires, this "free
look" period may be longer. Other state variations may apply. Please contact
your financial professional to find out what applies in your state.


Generally, your refund will be the same as any other surrender and you will
receive your account value (less loan reserve account under Rollover TSA
contracts) under the contract on the day we receive notification of your
decision to cancel the contract, which will reflect (i) any investment gain or
loss in the variable investment options (less the daily charges we deduct), (ii)
any guaranteed interest in the guaranteed interest option, and (iii) any
positive or negative market value adjustments in the fixed maturity options
through the date we receive your contract. Some states, however, require that we
refund the full amount of your contribution (not reflecting (i), (ii) or (iii)
above). For any IRA contract returned to us within seven days after you receive
it, we are required to refund the full amount of your contribution.


We may require that you wait six months before you may apply for a contract with
us again if:

o   you cancel your contract during the free look period; or


o   you change your mind before you receive your contract, whether we have
    received your contribution or not.


Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office, or your financial professional, can provide you with the
cancellation instructions.

                                              Contract features and benefits  43


2. Determining your contract's value

- --------------------------------------------------------------------------------


YOUR ACCOUNT VALUE AND CASH VALUE*

Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; and (iv) the loan reserve account
(applicable to Rollover TSA contracts only).


Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge, as well
as optional benefit charges*; and (ii) the amount of any outstanding loan plus
accrued interest (applicable to Rollover TSA contracts only). Please see
"Surrendering your contract to receive its cash value" in "Accessing your money"
later in this Prospectus.

                       ----------------------------------

*     Depending on when you purchased your contract, your account value will be
      reduced by a pro rata portion of the administrative charge only. See
      Appendix VIII later in this Prospectus for more information.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal;

(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option; or

(iv)  increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a Rollover TSA contract.


In addition, if applicable, when we deduct the enhanced death benefit,
Guaranteed minimum income benefit, GPB Option 2, Principal Protector(SM) and/or
the Protection Plus(SM) benefit charges, the number of units credited to your
contract will be reduced. Your units are also reduced when we deduct the annual
administrative charge. A description of how unit values are calculated is found
in the SAI.


YOUR CONTRACT'S VALUE IN THE GUARANTEED INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals out
of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date is
the market adjusted amount in each option, which reflects withdrawals out of the
option and charges we deduct. This is equivalent to your fixed maturity amount
increased or decreased by the market value adjustment. Your value, therefore,
may be higher or lower than your contributions (less withdrawals) accumulated at
the rate to maturity. At the maturity date, your value in the fixed maturity
option will equal its maturity value, provided there have been no withdrawals or
transfers.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is insufficient
to pay any applicable charges when due. Your account value could become
insufficient due to withdrawals and/or poor market performance. Upon such
termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.


See Appendix VII later in this Prospectus for any state variations with regard
to the termination of your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE (not available under all
contracts). In certain circumstances, even if your account value falls to zero,
your Guaranteed minimum income benefit will still have value. Please see
"Contract features and benefits" earlier in this Prospectus for information on
this feature.


PRINCIPAL PROTECTOR(SM) (not available under all contracts)


If you elect Principal Protector(SM) and your account value falls to zero due to
a GWB Excess withdrawal, we will terminate your contract and you will receive no
payment or supplementary life annuity contract, as discussed below, even if your
GWB benefit base is greater than zero. If, however, your account value falls to
zero, either due to a withdrawal or surrender that is not a GWB Excess
withdrawal or due to a deduction of charges, please note the following:

44  Determining your contract's value


o   If your GWB benefit base equals zero, we will terminate your contract and
    make no payment.

o   If your GWB benefit base is greater than zero but less than or equal to the
    balance of your GWB Annual withdrawal amount, if any, for that contract
    year, we will terminate your contract and pay you any remaining GWB benefit
    base.

o   If your GWB benefit base is greater than the balance of your remaining GWB
    Annual withdrawal amount, if any, for that contract year, we will pay you
    your GWB Annual withdrawal amount balance and terminate your contract, and
    we will pay you your remaining GWB benefit base as an annuity benefit, as
    described below.


o   If the Beneficiary continuation option is elected (not available in all
    states), and the account value falls to zero while there is a remaining GWB
    benefit base, we will make payments to the beneficiary as follows:


    o   If the beneficiary had elected scheduled payments we will continue to
        make scheduled payments over remaining life expectancy until the GWB
        benefit base is zero, and the Principal Protector(SM) charge will no
        longer apply.

    o   If the beneficiary had elected the "5-year rule" and the GWB benefit
        base is greater than the remaining GWB Annual withdrawal amount, if any,
        for that contract year, we will pay the beneficiary the GWB Annual
        withdrawal amount balance. We will continue to pay the beneficiary the
        remaining GWB Annual withdrawal amount each year until the GWB benefit
        base equals zero, or the contract terminates at the end of the fifth
        contract year, whichever comes first. Any remaining GWB benefit base at
        the end of the fifth contract year will terminate without value.


ANNUITY BENEFIT. If the contract terminates and the remaining GWB benefit base
is to be paid in installments, we will issue you an annuity benefit contract and
make annual payments equal to your GWB Annual withdrawal amount on the contract
date anniversary beginning on the next contract date anniversary, until the
cumulative amount of such payments equals the remaining GWB benefit base (as of
the date the contract terminates). The last installment payment may be smaller
than the previous installment payments in order for the total of such payments
to equal the remaining GWB benefit base.


The annuity benefit supplemental contract will carry over the same owner,
annuitant and beneficiary as under your contract. If you die before receiving
all of your payments, we will make any remaining payments to your beneficiary.
The charge for Principal Protector(SM) will no longer apply.

If at the time of your death the GWB Annual withdrawal amount was being paid to
you as an annuity benefit, your beneficiary may not elect the Beneficiary
continuation option.

                                           Determining your contract's value  45


3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer some
or all of your account value among the investment options, subject to the
following:

o   You may not transfer to a fixed maturity option that has a rate to maturity
    of 3% or less.

o   You may not transfer any amount to the 12-month dollar cost averaging
    program.


o   If the annuitant is age 76-80, you must limit your transfers to fixed
    maturity options with maturities of seven years or less. If the annuitant is
    age 81 or older, you must limit your transfers to fixed maturity options of
    five years or less. We will not accept allocations to a fixed maturity
    option if on the date the contribution or transfer is to be applied, the
    rate to maturity is 3%. Also, the maturity dates may be no later than the
    date annuity payments are to begin.


o   If you make transfers out of a fixed maturity option other than at its
    maturity date, the transfer may cause a market value adjustment and affect
    your GPB.


o   A transfer into the guaranteed interest option will not be permitted if such
    transfer would result in more than 25% of the annuity account value being
    allocated to the guaranteed interest option, based on the annuity account
    value as of the previous business day. If you are an existing contract
    owner, this restriction may not apply. See Appendix VIII later in this
    Prospectus for contract variations.

o   No transfers are permitted into the Special 10 year fixed maturity option.


In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.


The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option, the interest sweep option and dollar cost averaging
programs described under "Allocating your contributions" in "Contract features
and benefits" earlier in this Prospectus) in any contract year is the greatest
of:


(a) 25% of the amount you have in the guaranteed interest option on the last day
    of the prior contract year; or

(b) the total of all amounts transferred at your request from the guaranteed
    interest option to any of the Investment options in the prior contract year;
    or

(c) 25% of amounts transferred or allocated to the guaranteed interest option
    during the current contract year.

From time to time, we may remove the restrictions regarding transferring amounts
out of the guaranteed interest option. If we do so, we will tell you. We will
also tell you at least 45 days in advance of the day that we intend to reimpose
the transfer restrictions. When we reimpose the transfer restrictions, if any
dollar cost averaging transfer out of the guaranteed interest option causes a
violation of the 25% outbound restriction, that dollar cost averaging program
will be terminated for the current contract year. A new dollar cost averaging
program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1) the contract number,

(2) the dollar amounts or percentages of your current account value to be
    transferred, and

(3) the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios in
which the variable investment options invest. Disruptive transfer activity may
adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that

46  Transferring your money among investment options


do not. Securities trading in overseas markets present time zone arbitrage
opportunities when events affecting portfolio securities values occur after the
close of the overseas market but prior to the close of the U.S. markets.
Securities of small- and mid-capitalization companies present arbitrage
opportunities because the market for such securities may be less liquid than the
market for securities of larger companies, which could result in pricing
inefficiencies. Please see the prospectuses for the underlying portfolios for
more information on how portfolio shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review contract
owner trading activity. In most cases, each trust reserves the right to reject a
transfer that it believes, in its sole discretion, is disruptive (or potentially
disruptive) to the management of one of its portfolios. Please see the
prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive transfer
activity and that if such activity continues certain transfer privileges may be
eliminated. If and when the contract owner is identified a second time as
engaged in potentially disruptive transfer activity under the contract, we
currently prohibit the use of voice, fax and automated transaction services. We
currently apply such action for the remaining life of each affected contract. We
or a trust may change the definition of potentially disruptive transfer
activity, the monitoring procedures and thresholds, any notification procedures,
and the procedures to restrict this activity. Any new or revised policies and
procedures will apply to all contract owners uniformly. We do not permit
exceptions to our policies restricting disruptive transfer activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee. If
a redemption fee is implemented by a trust, that fee, like any other trust fee,
will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE


We offer rebalancing, which you can use to automatically reallocate your account
value among your investment options. We currently offer two options: "Option I"
and "Option II." Option I allows you to rebalance your account value among the
variable investment options. Option II allows you to rebalance among the
variable investment options and the guaranteed interest option. Under both
options, rebalancing is not available for amounts you have allocated to the
fixed maturity options.

In order to participate in one of our rebalancing programs, you must tell us:


    (a) the percentage you want invested in each investment option (whole
        percentages only), and

    (b) how often you want the rebalancing to occur (quarterly, semiannually, or
        annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will

                            Transferring your money among investment options  47


not be changed, and the rebalancing program will remain in effect unless you
request that it be canceled in writing. There is no charge for the rebalancing
feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you specify
is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
between the guaranteed interest option and the variable investment options.
These rules are described in "Transferring your account value" earlier in this
section. Under Option II, a transfer into or out of the guaranteed interest
option to initiate the rebalancing program will not be permitted if such
transfer would violate these rules. If this occurs, the rebalancing program will
not go into effect.


You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in
general or 12 month dollar cost averaging.


48  Transferring your money among investment options


4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table. If you withdraw more than 90% of your
contract's current cash value, we will treat it as a request to surrender your
contract for its cash value. See "Surrendering your contract to receive its cash
value" below. For the potential tax consequences of withdrawals, see "Tax
information" later in this Prospectus.


Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals (and transfers out of the
Special 10 year fixed maturity option) affect your Guaranteed minimum income
benefit, Guaranteed minimum death benefit and Guaranteed principal benefit
option 2" below for more information on how withdrawals affect your guaranteed
benefits and could potentially cause your contract to terminate.




- --------------------------------------------------------------------------------
                                    Method of withdrawal
                    ------------------------------------------------------------
                                                                 Lifetime
                                                                required
                                              Substantially     minimum
  Contract          Partial     Systematic        equal       distribution
- --------------------------------------------------------------------------------
                                                      
NQ                    Yes          Yes              No             No
- --------------------------------------------------------------------------------
Rollover IRA          Yes          Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth
 Conversion IRA       Yes          Yes             Yes             No
- --------------------------------------------------------------------------------
Rollover TSA*         Yes          Yes              No            Yes
- --------------------------------------------------------------------------------
Inherited IRA         Yes           No              No             **
- --------------------------------------------------------------------------------



*   For some Rollover TSA contracts, your ability to take withdrawals, loans or
    surrender your contract may be limited. You must provide withdrawal
    restriction information when you apply for a contract. See "Tax Sheltered
    Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

**  This contract pays out post-death required minimum distributions. See
    "Inherited beneficiary contract" in "Contract, features and benefits"
    earlier in this Prospectus.


PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Under Rollover TSA contracts, if a loan is outstanding, you may only take
partial withdrawals as long as the cash value remaining after any withdrawal
equals at least 10% of the outstanding loan plus accrued interest.


SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRAs)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).


You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10% annually. The minimum amount you may
take in each systematic withdrawal is $250. If the amount withdrawn would be
less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election. If you
already own your contract, the applicable percentages may be higher. See
Appendix VIII later in this Prospectus for information on what applies to your
contract.


We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change the
amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any time.
This option is not available if you have elected a guaranteed principal
benefit--if you are an existing contract owner, this restriction may not apply
to you. See Appendix VIII later in this Prospectus for more information.


SUBSTANTIALLY EQUAL WITHDRAWALS
(All Rollover IRA and Roth Conversion IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of meeting
this exception. After consultation with your tax adviser, you may decide to use
another method which would require you to compute amounts yourself and request
partial withdrawals. Once you begin to take substantially equal withdrawals, you
should not stop them or change the pattern of your withdrawals until after the
later of age 59-1/2 or five full years after the first withdrawal. If you stop
or change the withdrawals or take a partial withdrawal, you may be liable for
the 10% federal tax penalty that would have otherwise been due on prior
withdrawals made under this option and for any interest on the delayed payment
of the penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.

                                                        Accessing your money  49



You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal withdrawals
using the IRS-approved method we offer. The payments will be made monthly,
quarterly or annually as you select. These payments will continue until we
receive written notice from you to cancel this option or you take a partial
withdrawal. You may elect to start receiving substantially equal withdrawals
again, but the payments may not restart in the same contract year in which you
took a partial withdrawal. We will calculate the new withdrawal amount. This
option is not available if you have elected a guaranteed principal benefit--if
you are an existing contract owner, this restriction may not apply to you. See
Appendix VIII later in this Prospectus for more information.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS

(Rollover IRA and Rollover TSA contracts only -- See "Tax information" later in
this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help you
meet lifetime required minimum distributions under federal income tax rules.
This is not the exclusive way for you to meet these rules. After consultation
with your tax adviser, you may decide to compute required minimum distributions
yourself and request partial withdrawals. Before electing this account based
withdrawal option, you should consider whether annuitization might be better in
your situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit or Guaranteed minimum income benefit, amounts
withdrawn from the contract to meet RMDs will reduce the benefit base and may
limit the utility of the benefit. Also, the actuarial present value of
additional contract benefits must be added to the account value in calculating
required minimum distribution withdrawals from annuity contracts funding
qualified plans, TSAs and IRAs, which could increase the amount required to be
withdrawn. Please refer to "Tax information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.

FOR CONTRACTS WITH PRINCIPAL PROTECTOR(SM). If you elect Principal
Protector(SM), provided no other withdrawals are taken during a contract year in
which you participate in our Automatic RMD service, an automatic withdrawal
using our service will not cause a GWB Excess withdrawal, even if it exceeds
your GWB Annual withdrawal amount. If you take any other withdrawal while you
participate in the service, however, this GWB Excess withdrawal exception
terminates permanently. In order to take advantage of this exception, you must
elect and maintain participation in our Automatic RMD service at your required
beginning date, or the contract date, if your required beginning date has
occurred before the contract was purchased. See "Principal Protector(SM)" in
"Contract features and benefits" earlier in this Prospectus for further
information.

HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE


Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options, and the guaranteed interest option, any additional amount of
the withdrawal required or the total amount of the withdrawal will be withdrawn
from the fixed maturity options (other than the Special 10 year fixed maturity
option, if applicable) in the order of the earliest maturity date(s) first. If
such amounts are still insufficient, we will deduct any remaining portion from
the Special 10 year fixed maturity option. If the contract is surrendered or
annuitized or a death benefit is paid, we will deduct a pro rata portion of the
charge for that year. A market value adjustment will apply to withdrawals from
the fixed maturity options (including the Special 10 year fixed maturity option,
if applicable).


HOW WITHDRAWALS (AND TRANSFERS OUT OF THE SPECIAL 10 YEAR FIXED MATURITY OPTION)
AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED MINIMUM DEATH BENEFIT
AND GUARANTEED PRINCIPAL BENEFIT OPTION 2

In general, withdrawals will reduce your guaranteed benefits on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
your current account value that is being withdrawn and we reduce your current
benefit by the same percentage. For example, if your account value is $30,000
and you withdraw $12,000, you have withdrawn 40% of your account value. If your
benefit was $40,000 before the withdrawal, it would be reduced by $16,000
($40,000 X .40) and your new benefit after the withdrawal would be $24,000
($40,000 - $16,000).

Transfers out of the Special 10 year fixed maturity option will reduce the GPB
Option 2 amount on a pro rata basis. In addition, if you make a contract
withdrawal from the Special 10 year fixed maturity option, we will reduce your
GPB Option 2 in a similar manner; however, the reduction will reflect both a
transfer out of the Special 10 year fixed maturity option and a withdrawal from
the contract. Therefore, the reduction in the GPB Option 2 is greater when you
take a contract withdrawal from the Special 10 year fixed maturity option than
it would be if you took the withdrawal from another investment option.

Similar to the example above, if your account value is $30,000 and you withdraw
$12,000 from the Special 10 year fixed maturity option, you have withdrawn 40%
of your account value. If your GPB Option 2 benefit was $40,000 before the
withdrawal, the reduction to reflect the transfer out of the Special 10 year
fixed maturity option would equal $16,000 ($40,000 x .40). The amount used to
calculate the

50  Accessing your money


reduction to reflect the withdrawal from the contract is $24,000 ($40,000 -
$16,000). The reduction to reflect the withdrawal would equal $9,600 ($24,000 x
..40), and your new benefit after the withdrawal would be $14,400 ($24,000 -
$9,600).


With respect to the Guaranteed minimum income benefit and the Greater of 6% (or
5%) Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death benefit,
withdrawals will reduce each of the benefits' 6% (or 5%) Roll-Up to age 85
benefit base on a dollar-for-dollar basis, as long as the sum of withdrawals in
a contract year is 6% (or 5%) or less of the 6% (or 5%) Roll-Up benefit base on
the most recent contract date anniversary. Additional contributions made during
the contract year do not affect the amount of withdrawals that can be taken on a
dollar-for-dollar basis in that contract year. Once a withdrawal is taken that
causes the sum of withdrawals in a contract year to exceed 6% (or 5%) of the
benefit base on the most recent anniversary, that entire withdrawal and any
subsequent withdrawals in that same contract year will reduce the benefit base
pro rata. Reduction on a dollar-for-dollar basis means that your 6% (or 5%)
Roll-Up to age 85 benefit base will be reduced by the dollar amount of the
withdrawal for each Guaranteed benefit. The Annual Ratchet to age 85 benefit
base will always be reduced on a pro rata basis.

If you already own your contract, the effect of withdrawals on your Guaranteed
minimum income benefit and Guaranteed minimum death benefit (including) the
Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced death
benefit, may be different. See Appendix VIII later in this Prospectus for
information on what applies to your contract.


HOW WITHDRAWALS AFFECT PRINCIPAL PROTECTOR(SM)


If you elect Principal Protector(SM), if available, any withdrawal reduces your
GWB benefit base by the amount of the withdrawal. In addition, a GWB Excess
withdrawal can significantly reduce your GWB Annual withdrawal amount and
further reduce your GWB benefit base. For more information, see "Effect of GWB
Excess withdrawals" and "Other important considerations" under "Principal
Protector(SM)" in "Contract features and benefits" earlier in this Prospectus.


WITHDRAWALS TREATED AS SURRENDERS


If you request to withdraw more than 90% of a contract's current cash value, we
will treat it as a request to surrender the contract for its cash value. Also,
under certain contracts, we have the right to pay the cash value and terminate
this contract if no contributions are made during the last three completed
contract years, and the account value is less than $500, or if you make a
withdrawal that would result in a cash value of less than $500. If you are an
existing contract owner, the rules in the preceding sentence may not apply under
your contract or if the Guaranteed minimum income benefit no lapse guarantee is
available and in effect on your contract. See Appendix VIII later in this
Prospectus for information See also "Surrendering your contract to receive its
cash value" below. For the tax consequences of withdrawals, see "Tax
information" later in this Prospectus.


SPECIAL RULES FOR PRINCIPAL PROTECTOR(SM) . If you elect Principal
Protector(SM), all withdrawal methods described above can be used. We will not
treat a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a GWB
Excess withdrawal. In addition, we will not terminate your contract if either
your account value or cash value falls below $500, unless it is due to a GWB
Excess withdrawal. In other words, if you take a GWB Excess withdrawal that
equals more than 90% of your cash value or reduces your cash value to less than
$500, we will treat your request as a surrender of your contract even if your
GWB benefit base is greater than zero. Please also see "Insufficient account
value" in "Determining your contract value" earlier in this Prospectus. Please
also see "Principal Protector(SM)" in "Contract features and benefits," earlier
in this Prospectus, for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you may
only take a loan with the written consent of your spouse. Your contract contains
further details of the loan provision. Please see Appendix VII later in this
Prospectus for any state restrictions you may be subject to if you take a loan
from a Rollover TSA contract. Also, see "Tax information" later in this
Prospectus for general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum loan
amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your account
value, subject to any limits under the federal income tax rules. The term of a
loan is five years. However, if you use the loan to acquire your primary
residence, the term is 10 years. The term may not extend beyond the earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan including any accrued
    and unpaid loan interest, will be deducted from the death benefit amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.

LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless

                                                        Accessing your money  51


you specify otherwise, we will subtract your loan on a pro rata basis from your
value in the variable investment options and the guaranteed interest option. If
those amounts are insufficient, any additional amount of the loan will be
subtracted from the fixed maturity options (other than the Special 10 year fixed
maturity option) in the order of the earliest maturity date(s) first. If such
amounts are still insufficient, we will deduct any remaining portion from the
Special 10 year fixed maturity option. A market value adjustment will apply to
withdrawals from the fixed maturity options (including the Special 10 year fixed
maturity option). If the amounts are withdrawn from the Special 10 year fixed
maturity option, the guaranteed benefit will be adversely affected. See
"Guaranteed principal benefit option 2" in "Contract features and benefits"
earlier in this Prospectus.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan repayment,
unless you specify otherwise, we will transfer the dollar amount of the loan
repaid from the loan reserve account to the investment options according to the
allocation percentages we have on our records.

The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while the
annuitant is living and before you begin to receive annuity payments. (Rollover
TSA contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We will
determine your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including Principal Protector(SM) (if applicable) if your
cash value is greater than your GWB Annual withdrawal amount. If you have a GWB
benefit base greater than zero, you should consider the impact of a contract
surrender on the Principal Protector(SM) benefit. If your surrender request does
not constitute a GWB Excess withdrawal, you may be eligible for additional
benefits. If, however, your surrender request constitutes a GWB Excess
withdrawal, you will lose those benefits. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect under your contract, the Guaranteed
minimum income benefit will terminate without value if your cash value plus any
other withdrawals taken in the contract year exceed 6% of the Roll-Up benefit
base (as of the beginning of the contract year). For more information, please
see "Annuity benefit" under "Insufficient account value" in "Determining your
contract value" and "Principal Protector(SM)" in "Contract features and
benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below. For
the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you withdraw
and, upon surrender, payment of the cash value. We may postpone such payments or
applying proceeds for any period during which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option and fixed maturity options (other than for death benefits) for up to six
months while you are living. We also may defer payments for a reasonable amount
of time (not to exceed 10 days) while we are waiting for a contribution check to
clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery service at your expense.

YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Select(SM) provide for
conversion to payout status at or before the contract's "maturity date." This is
called annuitization. When your contract is annuitized, your Accumulator(R)
Select(SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Select(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may exercise
your benefit in accordance with its terms.


Your Accumulator(R) Select(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments, which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VII later in this
Prospectus for variations that may apply in your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the annuitant's age at
contract issue. In addition, if you are exercising your Guaranteed minimum
income benefit, your choice of payout options are those that are available under
the Guaranteed minimum income benefit (see "Guaranteed minimum income benefit
option" in

52  Accessing your money


"Contract features and benefits" earlier in this Prospectus). If you elect
Principal Protector(SM) and choose to annuitize your contract, Principal
Protector(SM) will terminate without value even if your GWB benefit base is
greater than zero. Payments you receive under the annuity payout option you
select may be less than you would have received under Principal Protector(SM).
See "Principal Protector(SM)" in "Contract features and benefits" earlier in
this Prospectus for further information.



- --------------------------------------------------------------------------------
                                      
Fixed annuity payout options             Life annuity
                                         Life annuity with period certain
                                         Life annuity with refund certain
                                         Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity               Life annuity
   payout options                        Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options        Life annuity with period certain
   (available for annuitants age 83      Period certain annuity
   or less at contract issue)
- --------------------------------------------------------------------------------



o   Life annuity: An annuity that guarantees payments for the rest of the
    annuitant's life. Payments end with the last monthly payment before the
    annuitant's death. Because there is no continuation of benefits following
    the annuitant's death with this payout option, it provides the highest
    monthly payment of any of the life annuity options, so long as the annuitant
    is living.

o   Life annuity with period certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the end of a
    selected period of time ("period certain"), payments continue to the
    beneficiary for the balance of the period certain. The period certain cannot
    extend beyond the annuitant's life expectancy. A life annuity with a period
    certain is the form of annuity under the contracts that you will receive if
    you do not elect a different payout option. In this case, the period certain
    will be based on the annuitant's age and will not exceed 10 years.

o   Life annuity with refund certain: An annuity that guarantees payments for
    the rest of the annuitant's life. If the annuitant dies before the amount
    applied to purchase the annuity option has been recovered, payments to the
    beneficiary will continue until that amount has been recovered. This payout
    option is available only as a fixed annuity.

o   Period certain annuity: An annuity that guarantees payments for a specific
    period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
    not exceed the annuitant's life expectancy. This option does not guarantee
    payments for the rest of the annuitant's life. It does not permit any
    repayment of the unpaid principal, so you cannot elect to receive part of
    the payments as a single sum payment with the rest paid in monthly annuity
    payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with refund
certain payout options are available on a single life or joint and survivor life
basis. The joint and survivor life annuity guarantees payments for the rest of
the annuitant's life and, after the annuitant's death, payments continue to the
survivor. We may offer other payout options not outlined here. Your financial
professional can provide details.

FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust and
EQ Advisors Trust. The contract also offers a fixed income annuity payout option
that can be elected in combination with the variable annuity payout option. The
amount of each variable income annuity payment will fluctuate, depending upon
the performance of the variable investment options, and whether the actual rate
of investment return is higher or lower than an assumed base rate.


INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only).

For Rollover TSA contracts, if you want to elect an Income Manager(SM) payout
option, we will first roll over amounts in such contract to a Rollover IRA
contract with the plan participant as owner. You must be eligible for a
distribution under the Rollover TSA contract.

You may choose to apply only part of the account value of your Accumulator(R)
Select(SM) contract to an Income Manager(SM) payout annuity. In this case, we
will consider any amounts applied as a withdrawal from your Accumulator(R)
Select(SM). For the tax consequences of withdrawals, see "Tax information" later
in this Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option (or "Living Benefit" option), different
payout options may apply, as well as various other differences. See "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus, as well as the Income Manager(SM) prospectus.


                                                        Accessing your money  53


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION


The amount applied to purchase an annuity payout option varies, depending on the
payout option that you choose. If amounts in a fixed maturity option are used to
purchase any annuity payout option prior to the maturity date, a market value
adjustment will apply.


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return your
contract before annuity payments begin. The contract owner and annuitant must
meet the issue age and payment requirements.


You can choose the date annuity payments begin. In most states, it may not be
earlier than thirteen months from the Accumulator(R) Select(SM) contract date.
Please see Appendix VII later in this Prospectus for information on state
variations. Except with respect to the Income Manager(SM) annuity payout
options, where payments are made on the 15th day of each month, you can change
the date your annuity payments are to begin anytime before that date as long as
you do not choose a date later than the 28th day of any month. Also, that date
may not be later than the annuity maturity date described below.

The amount of the annuity payments will depend on the amount applied to purchase
the annuity and the applicable annuity purchase factors, discussed earlier. The
amount of each annuity payment will be less with a greater frequency of
payments, or with a longer duration of a non-life contingent annuity or a longer
certain period of a life contingent annuity. Once elected, the frequency with
which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less than
$2,000 or the initial payment under the form elected is less than $20 monthly,
we reserve the right to pay the account value in a single sum rather than as
payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can be
made other than: (i) transfers (if permitted in the future) among the variable
investment options if a Variable Immediate Annuity payout option is selected;
and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) annuity payout option is chosen.


ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is generally the
contract date anniversary that follows the annuitant's 95th birthday. We will
send a notice with the annual statement one year prior to the maturity age.

If you elect Principal Protector and your contract is annuitized at maturity, we
will offer an annuity payout option for life that guarantees you will receive
payments that are at least equal to what you would have received under Principal
Protector until the point at which your GWB Benefit Base is depleted. After your
GWB Benefit Base is depleted, you will continue to receive periodic payments
while you are living. The amount of each payment will be the same as the payment
amount that you would have received if you had applied your account value on the
maturity date to purchase a life annuity at the annuity purchase rate guaranteed
in your contract; this payment amount may be more or less than your GWB Annual
Withdrawal amount.


Please see Appendix VII later in this Prospectus for variations that may apply
in your state.

Accessing your money


5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o   A mortality and expense risks charge

o   An administrative charge

o   A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o   On each contract date anniversary -- an annual administrative charge, if
    applicable.

o   On each contract date anniversary, a charge for each optional benefit that
    you elect: a death benefit (other than the Standard death benefit); the
    Guaranteed minimum income benefit; Principal Protector(SM); and Protection
    Plus(SM).

o   On the first 10 contract date anniversaries -- a charge for GPB Option 2, if
    you elect this optional benefit.

o   At the time annuity payments are to begin -- charges designed to approximate
    certain taxes that may be imposed on us, such as premium taxes in your
    state. An annuity administrative fee may also apply.


More information about these charges appears below. The fees and charges
described are the maximum fees and charges that a contract owner will pay.
Please see your contract and/or Appendix VIII for the fees and charges that
apply under your contract. We will not increase these charges for the life of
your contract, except as noted. We may reduce certain charges under group or
sponsored arrangements. See "Group or sponsored arrangements" later in this
section .


The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits under
the contracts. They are also designed, in the aggregate, to compensate us for
the risks of loss we assume pursuant to the contracts. If, as we expect, the
charges that we collect from the contracts exceed our total costs in connection
with the contracts, we will earn a profit. Otherwise, we will incur a loss.

The rates of certain of our charges have been set with reference to estimates of
the amount of specific types of expenses or risks that we will incur. In most
cases, this Prospectus identifies such expenses or risks in the name of the
charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net assets
in each variable investment option to compensate us for mortality and expense
risks, including the Standard guaranteed minimum death benefit. The daily charge
is equivalent to an annual rate of 1.10% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that the
mortality assumptions reflected in our guaranteed annuity payment tables, shown
in each contract, will differ from actual mortality experience. Lastly, we
assume a mortality risk to the extent that at the time of death, the guaranteed
minimum death benefit exceeds the cash value of the contract. The expense risk
we assume is the risk that it will cost us more to issue and administer the
contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.25% of the
net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.35%
of the net assets in each variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract date
anniversary. We deduct the charge if your account value on the last business day
of the contract year is less than $50,000. If your account value on such date is
$50,000 or more, we do not deduct the charge. During the first two contract
years, the charge is equal to $30 or, if less, 2% of your account value. The
charge is $30 for contract years three and later.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus to
see if deducting this charge from the guaranteed interest option is permitted in
your state) on a pro rata basis. If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (other
than the Special 10 year fixed maturity option, if applicable) in the order of
the earliest maturity date(s) first. If such amounts are still insufficient, we
will deduct any


                                                        Charges and expenses  55



remaining portion from the Special 10 year fixed maturity option. If the
contract is surrendered or annuitized or a death benefit is paid on a date other
than a contract date anniversary, we will deduct a pro rata portion of the
charge for that year. A market value adjustment will apply to deductions from
the fixed maturity options (including the Special 10 year fixed maturity
option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base. If you are an existing
contract owner, the charge may be as much as 0.30% of the Annual Ratchet to age
85 benefit base. Please see Appendix VIII later in this Prospectus or your
contract for more information.

GREATER OF 5% ROLL-UP TO AGE 85 (no longer available.) If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each date anniversary for which it is in effect. The charge is equal to 0.50% of
the Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to age 85 benefit
base.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal to
0.60% of the greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85
benefit base. If you are existing contract owner, your charge may be less.
Please see Appendix VIII later in this Prospectus or your contract for more
information.

6% ROLL-UP TO AGE 85. (no longer available) If you elected the 6% Roll-Up to age
85 enhanced death benefit, we deduct a charge annually from your account value
on each contract date anniversary for which it is in effect. The charge is equal
to 0.45% of the 6% Roll-Up to age 85 benefit base.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VII later in this Prospectus to
see if deducting this charge from the guaranteed interest option is permitted in
your state) on a pro rata basis. If these amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (other
than the Special 10 year fixed maturity option) in the order of the earliest
maturity date(s) first. If such amounts are still insufficient, we will deduct
any remaining portion from the Special 10 year fixed maturity option. If the
contract is surrendered or annuitized or a death benefit is paid on a date other
than a contract date anniversary, we will deduct a pro rata portion of the
charge for that year. If you are an existing contract owner, this pro rata
deduction may not apply under your contract. See Appendix VIII later in this
Prospectus for more information. A market value adjustment will apply to
deductions from the fixed maturity options (including the Special 10 year fixed
maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

There is no charge if you exercise the Guaranteed minimum death
benefit/Guaranteed minimum income benefit roll-up benefit base reset option.

STANDARD DEATH BENEFIT. There is no additional charge for the standard death
benefit.

GUARANTEED PRINCIPAL BENEFIT OPTION 2


If you purchase GPB Option 2, we deduct a charge annually from your account
value on the first 10 contract date anniversaries. The charge is equal to 0.50%
of the account value. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option (see Appendix VII later in
this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If those amounts are
insufficient, we will deduct any remaining portion of the charge from amounts in
any fixed maturity options (other than the Special 10 year fixed maturity
option) in the order of the earliest maturity date(s) first. If such amounts are
still insufficient, we will deduct any remaining portion from the Special 10
year fixed maturity option. If the contract is surrendered or annuitized or a
death benefit is paid on a date other than a contract date anniversary, we will
deduct a pro rata portion of the charge for that year. If you are an existing
contract owner, this pro rata deduction may not apply under your contract. See
Appendix VIII later in this Prospectus for more information. A market value
adjustment will apply to deductions from the fixed maturity options (including
the Special 10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


GUARANTEED MINIMUM INCOME BENEFIT (THE "LIVING BENEFIT") CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as you
exercise the Guaranteed minimum income benefit, elect another annuity payout
option, or the contract date anniversary after the annuitant reaches 85,
whichever occurs first. The charge is equal to 0.65% of the applicable benefit
base in effect on the contract date anniversary. If you are an existing contract
owner, your charge may be less, Please see Appendix VIII later in this
Prospectus or your contract for more information.

We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis. (See Appendix VII later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state.) If those amounts are still insufficient, we
will deduct all or a portion of the charge from the fixed maturity options in
the order of the earliest maturity date(s) first. If the contract is surrendered
or annuitized or a death benefit is paid on a date other than a contract date
anniversary,


56  Charges and expenses



we will deduct a pro rata portion of the charge for that year. If you are an
existing contract owner, this pro rata deduction may not apply under your
contract. See Appendix VIII later in this Prospectus for more information. A
market value adjustment will apply to deductions from the fixed maturity options
(including the Special 10 year fixed maturity option, if available).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


There is no charge if you exercise the Guaranteed minimum death
benefit/guaranteed minimum income benefit roll-up benefit base reset option or
for the Guaranteed minimum income benefit no lapse guarantee. This option is not
available under all contracts.


PROTECTION PLUS(SM) CHARGE


If you elect Protection Plus(SM), we deduct a charge annually from your account
value on each contract date anniversary for which it is in effect. The charge is
equal to 0.35% of the account value on each contract date anniversary. We will
deduct this charge from your value in the variable investment options and the
guaranteed interest option on a pro rata basis. If those amounts are
insufficient, we will deduct all or a portion of the charge from the fixed
maturity options (other than the Special 10 year fixed maturity option) in the
order of the earliest maturity date(s) first. If such amounts are still
insufficient, we will deduct any remaining portion from the Special 10 year
fixed maturity option. If the contract is surrendered or annuitized or a death
benefit is paid on a date other than a contract date anniversary, we will deduct
a pro rata portion of the charge for that year. If you are an existing contract
owner, this pro rata deduction may not apply under your contract. See Appendix
VIII later in this Prospectus for more information. A market value adjustment
will apply to deductions from the fixed maturity options (including the Special
10 year fixed maturity option).


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

PRINCIPAL PROTECTOR(SM) CHARGE


If you elect Principal Protector(SM), we deduct a charge annually as a
percentage of your account value on each contract date anniversary. If you elect
the 5% GWB Annual withdrawal option, the charge is equal to 0.35%. If you elect
the 7% GWB Annual withdrawal option, the charge is equal to 0.50%. We will
deduct this charge from your value in the variable investment options and the
guaranteed interest option (see Appendix VII later in this Prospectus to see if
deducting this charge from the guaranteed interest option is permitted in your
state) on a pro rata basis. If those amounts are insufficient, we will deduct
all or a portion of the charge from the fixed maturity options in the order of
the earliest maturity date(s) first. If the contract is surrendered or
annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year. If
you are an existing contract owner, this pro rata deduction may not apply under
your contract. See Appendix VIII later in this Prospectus for more information.
If you die, and your beneficiary continues Principal Protector(SM) under the
Beneficiary continuation option, we will not deduct a pro rata portion of the
charge upon your death. However the Principal Protector(SM) charge will
continue. A market value adjustment will apply to deductions from the fixed
maturity options.


If your GWB benefit base falls to zero but your contract is still in force, the
charge will be suspended as of the next contract date anniversary. The charge
will be reinstated, as follows: (i) if you make a subsequent contribution, we
will reinstate the charge that was in effect at the time your GWB benefit base
became depleted, (ii) if you elect to exercise the Optional step up provision,
we will reinstate a charge, as discussed immediately below, and (iii) if your
beneficiary elects the Beneficiary continuation option and reinstates the
Principal Protector(SM) benefit with a one time step up, we will reinstate the
charge that was in effect when the GWB benefit base fell to zero.

If your beneficiary elects the Beneficiary continuation option, and is eligible
to continue Principal Protector(SM), the benefit and the charge will continue
unless your beneficiary tells us to terminate the benefit at the time of
election.


OPTIONAL STEP UP CHARGE. Every time you elect the Optional step up, we reserve
the right to raise the benefit charge at the time of the step up. The maximum
charge for Principal Protector(SM) with a 5% GWB Annual withdrawal option is
0.60%. The maximum charge for Principal Protector(SM) with a 7% GWB Annual
withdrawal amount option is 0.80%. The increased charge, if any, will apply as
of the next contract anniversary following the step up and on all contract date
anniversaries thereafter.


If you die and your beneficiary elects the Beneficiary continuation option, if
available, a one time step up only (at no additional charge) is applicable. For
more information on the Optional step up, one time step up and Automatic reset
provisions, see "Principal Protector(SM) " in "Contract features and benefits."

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.

VARIABLE IMMEDIATE ANNUITY ANNUITIZATION PAYOUT OPTION ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity annuitization payout option. This option may not be available
at the time you elect to annuitize or it may have a different charge.

                                                        Charges and expenses  57


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o   Management fees ranging from 0.05% to 1.40%.

o   12b-1 fees of either 0.25% or 0.35%.


o   Operating expenses, such as trustees' fees, independent public accounting
    firms' fees, legal counsel fees, administrative service fees, custodian fees
    and liability insurance.

o   Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees and
expenses, including management fees, operating expenses, and investment related
expenses such as brokerage commissions. For more information about these
charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS


For certain group or sponsored arrangements, we may reduce the mortality and
expense risks charge or change the minimum initial contribution requirements. We
also may change the Guaranteed minimum income benefit or the Guaranteed minimum
death benefit, or offer variable investment options that invest in shares of the
Trusts that are not subject to 12b-1 fees. Group arrangements include those in
which a trustee or an employer, for example, purchases contracts covering a
group of individuals on a group basis. Group arrangements are not available for
Rollover IRA and Roth Conversion IRA contracts. Sponsored arrangements include
those in which an employer allows us to sell contracts to its employees or
retirees on an individual basis.


Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts or
that have been in existence less than six months will not qualify for reduced
charges.

We also may establish different rates to maturity for the fixed maturity options
under different classes of contracts for group or sponsored arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these and
other applicable laws on such programs. We recommend that employers, trustees,
and others purchasing or making contracts available for purchase under such
programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

58  Charges and expenses


6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract.
Where an NQ contract is owned for the benefit of a minor pursuant to the Uniform
Gift to Minors Act or the Uniform Transfer to Minors Act, the beneficiary must
be the estate of the minor. Where an IRA contract is owned in a custodial
individual retirement account, the custodian must be the beneficiary.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. We determine the amount of the
death benefit (other than the applicable Guaranteed minimum death benefit) and
any amount applicable under the Protection Plus(SM) feature, as of the date we
receive satisfactory proof of the annuitant's death, any required instructions
for the method of payment, forms necessary to effect payment and any other
information we may require. The amount of the applicable Guaranteed minimum
death benefit will be such Guaranteed minimum death benefit as of the date of
the annuitant's death, adjusted for any subsequent withdrawals. For Rollover TSA
contracts with outstanding loans, we will reduce the amount of the death benefit
by the amount of the outstanding loan, including any accrued but unpaid interest
on the date that the death benefit payment is made.


Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the death
benefit amount begins within one year following the date of death, which payment
may not occur if the beneficiary has failed to provide all required information
before the end of that period, (ii) we will not apply the predetermined death
benefit payout election if doing so would violate any federal income tax rules
or any other applicable law, and (iii) a beneficiary or a successor owner who
continues the contract under one of the continuation options described below
will have the right to change your annuity payout election.

EFFECT OF THE ANNUITANT'S DEATH

If the annuitant dies before the annuity payments begin, we will pay the death
benefit to your beneficiary.

Generally, the death of the annuitant terminates the contract. However, a
surviving spouse, who is the sole primary beneficiary, of the deceased
owner/annuitant can choose to be treated as the successor owner/annuitant and
continue the contract. The Successor owner/ annuitant feature is only available
under NQ and individually owned IRA (other than Inherited IRAs) contracts. See
"Inherited IRA beneficiary continuation contract" in "Contracts features and
benefits," earlier in this Prospectus.

For NQ and all types of IRA contracts, a beneficiary may be able to have limited
ownership as discussed under "Beneficiary continuation option" below.

WHEN AN NQ CONTRACT OWNER DIES BEFORE THE ANNUITANT

Under certain conditions the owner changes after the original owner's death for
purposes of receiving required distributions from the contract. When you are not
the annuitant under an NQ contract and you die before annuity payments begin,
unless you specify otherwise, the beneficiary named to receive this death
benefit upon the annuitant's death will become the successor owner. If you do
not want this beneficiary to be the successor owner, you should name a specific
successor owner. You may name a successor owner at any time during your life by
sending satisfactory notice to our processing office. If the contract is jointly
owned and the first owner to die is not the annuitant, the surviving owner
becomes the sole contract owner. This person will be considered the successor
owner for purposes of the distribution rules described in this section. The
surviving owner automatically takes the place of any other beneficiary
designation.

You should carefully consider the following if you have elected the Guaranteed
minimum income benefit and you are the owner, but not the annuitant. Because the
payments under the Guaranteed minimum income benefit are based on the life of
the annuitant, and the federal tax law required distributions described below
are based on the life of the successor owner, a successor owner who is not also
the annuitant may not be able to exercise the Guaranteed minimum income benefit,
if you die before annuity payments begin. Therefore, one year before you become
eligible to exercise the Guaranteed minimum income benefit, you should consider
the effect of your beneficiary designations on potential payments after your
death. For more information, see "Exercise rules," under "Guaranteed minimum
income benefit option," in "Contract features and benefits" earlier in this
Prospectus.

Unless the surviving spouse of the owner who has died (or in the case of a joint
ownership situation, the surviving spouse of the first owner to die) is the
successor owner for this purpose, the entire interest in the contract must be
distributed under the following rules:

o   The cash value of the contract must be fully paid to the successor owner
    (new owner) within five years after your death (the "5-year rule"), or in a
    joint ownership situation, the death of the first owner to die.

                                                    Payment of death benefit  59


o   If Principal Protector(SM) was elected and if the "5-year rule" is elected
    and the successor owner dies prior to the end of the fifth year, we will pay
    any remaining account value in a lump sum and the contract and any remaining
    GWB benefit base will terminate without value. The successor owner should
    consult with a tax adviser before choosing to use the "5 year rule." The GWB
    benefit base may be adversely affected if the successor owner makes any
    withdrawals that cause a GWB Excess withdrawal. Also, when the contract
    terminates at the end of 5 years, any remaining GWB benefit base would be
    lost. If you elect Principal Protector(SM), the successor owner has the
    option to terminate the benefit and charge upon receipt by us of due proof
    of death and notice to discontinue the benefit; otherwise, the benefit and
    charge will automatically continue.

o   The successor owner may instead elect to receive the cash value as a life
    annuity (or payments for a period certain of not longer than the successor
    owner's life expectancy). Payments must begin within one year after the
    non-annuitant owner's death. Unless this alternative is elected, we will pay
    any cash value five years after your death (or the death of the first owner
    to die).

o   A successor owner should consider naming a new beneficiary.

If the surviving spouse is the successor owner or joint owner, the spouse may
elect to continue the contract. No distributions are required as long as the
surviving spouse and annuitant are living. An eligible successor owner,
including a surviving joint owner after the first owner dies, may elect the
beneficiary continuation option for NQ contracts discussed in "Beneficiary
continuation option" below.

HOW DEATH BENEFIT PAYMENT IS MADE


We will pay the death benefit to the beneficiary in the form of the annuity
payout option you have chosen. If you have not chosen an annuity payout option
as of the time of the annuitant's death, the beneficiary will receive the death
benefit in a single sum. Payment of the death benefit in a lump sum terminates
all rights and any applicable guarantees under the contract, including
Guaranteed minimum income benefit, GPB Options 1 and 2, and Principal
Protector(SM). However, subject to any exceptions in the contract, our rules and
any applicable requirements under federal income tax rules, the beneficiary may
elect to apply the death benefit to one or more annuity payout options we offer
at the time. See "Your annuity payout options" in "Accessing your money" earlier
in this Prospectus. Please note that any annuity payout option chosen may not
extend beyond the life expectancy of the beneficiary.


SUCCESSOR OWNER AND ANNUITANT

If you are both the contract owner and the annuitant, and your spouse is the
sole primary beneficiary or the joint owner, then your spouse may elect to
receive the death benefit or continue the contract as successor owner/annuitant.
The successor owner/annuitant must be 85 or younger as of the date of the
non-surviving spouse's death.


If your surviving spouse decides to continue the contract, then as of the date
we receive satisfactory proof of your death, any required instructions,
information and forms necessary to effect the Successor owner/annuitant feature,
we will increase the account value to equal your elected Guaranteed minimum
death benefit as of the date of your death if such death benefit is greater than
such account value, plus any amount applicable under the Protection Plus(SM)
feature and adjusted for any subsequent withdrawals. The increase in the account
value will be allocated to the investment options according to the allocation
percentages we have on file for your contract. In determining whether your
applicable Guaranteed minimum death benefit option will continue to grow, we
will use your surviving spouse's age as of the date we receive satisfactory
proof of your death, any required instructions and the information and forms
necessary to effect the successor owner/annuitant feature.


We will determine whether your applicable Guaranteed minimum death benefit
option will continue as follows:

o   If the successor owner/annuitant is age 75 or younger on the date of the
    original owner/annuitant's death, and the original owner/ annuitant was age
    84 or younger at death, the guaranteed minimum death benefit continues based
    upon the option that was elected by the original owner/annuitant and will
    continue to grow according to its terms until the contract date anniversary
    following the date the successor owner/annuitant reaches age 85.

o   If the successor owner/annuitant is age 75 or younger on the date of the
    original owner/annuitant's death, and the original owner/ annuitant was age
    85 or older at death, we will reinstate the Guaranteed minimum death benefit
    that was elected by the original owner/annuitant. The benefit will continue
    to grow according to its terms until the contract date anniversary following
    the date the successor owner/annuitant reaches age 85.

o   If the successor owner/annuitant is age 76 or over on the date of the
    original owner/annuitant's death, the Guaranteed minimum death benefit will
    no longer grow, and we will no longer charge for the benefit.

If you elect Principal Protector(SM), the benefit and charge will remain in
effect. If the GWB benefit base is zero at the time of your death, and the
charge had been suspended, the charge will be reinstated if any of the events,
described in "Principal Protector(SM) charge" in "Charges and expenses" earlier
in this Prospectus, occur. The GWB benefit base will not automatically be
stepped up to equal the account value, if higher, upon your death. Your spouse
must wait five complete years from the prior step up or from contract issue,
whichever is later, in order to be eligible for the Optional step up. For more
information, see "Principal Protector(SM)" in "Contract features and benefits"
earlier in this Prospectus.

Where an IRA contract is owned in a custodial individual retirement account, and
your spouse is the sole beneficiary of the account, the custodian may request
that the spouse be substituted as annuitant after your death.

For information on the operation of the successor owner/annuitant feature with
the Guaranteed minimum income benefit, see "Exercise of Guaranteed minimum
income benefit" under "Guaranteed minimum income benefit option" in "Contract
features and benefits," earlier in this Prospectus. For information on the
operation of this fea-

For information on the operation of the successor owner/annuitant feature with
the Guaranteed minimum income benefit, see "Exercise of Guaranteed minimum
income benefit" under "Guaranteed minimum income benefit option" in "Contract
features and benefits," earlier in this Prospectus. For information on the
operation of this fea-60 Payment of death benefit



ture with Protection Plus(SM), see "Protection Plus(SM)" in "Guaranteed minimum
death benefit "under "Contract features and benefits," earlier in this
Prospectus.

SPOUSAL PROTECTION

SPOUSAL PROTECTION OPTION FOR NQ CONTRACTS ONLY. This feature permits spouses
who are joint contract owners to increase the account value to equal the
guaranteed minimum death benefit, if higher, and by the value of any Protection
Plus(SM) benefit, if elected, upon the death of either spouse. This account
value "step up" occurs even if the surviving spouse was the named annuitant. If
you and your spouse jointly own the contract and one of you is the named
annuitant, you may elect the Spousal protection option at the time you purchase
your contract at no additional charge. Both spouses must be between the ages of
20 and 70 at the time the contract is issued and must each be named the primary
beneficiary in the event of the other's death.

The annuitant's age is generally used for the purpose of determining contract
benefits. However, for the Annual Ratchet to age 85 and the Greater of 6%
Roll-Up to age 85 or the Annual Ratchet to age 85 guaranteed minimum death
benefits and the Protection Plus(SM) benefit, the benefit is based on the older
spouse's age. The older spouse may or may not be the annuitant. However, for
purposes of the Guaranteed minimum death benefit/guaranteed minimum income
benefit roll-up benefit base reset option, the last age at which the benefit
base may be reset is based on the annuitant's age, not the older spouse's age.

If the annuitant dies prior to annuitization, the surviving spouse may elect to
receive the death benefit, including the value of the Protection Plus(SM)
benefit, or, if eligible, continue the contract as the sole owner/ annuitant by
electing the successor owner/annuitant option. If the non-annuitant spouse dies
prior to annuitization, the surviving spouse continues the contract
automatically as the sole owner/annuitant. In either case, the contract would
continue, as follows:

o   As of the date we receive due proof of the spouse's death, the account value
    will be reset to equal the Guaranteed minimum death benefit as of the date
    of the non-surviving spouse's death, if higher, increased by the value of
    the Protection Plus(SM) benefit.

o   The Guaranteed minimum death benefit continues to be based on the older
    spouse's age for the life of the contract, even if the younger spouse is
    originally or becomes the sole owner/annuitant.

o   The Protection Plus(SM) benefit will now be based on the surviving spouse's
    age at the date of the non-surviving spouse's death for the remainder of the
    life of the contract. If the benefit had been previously frozen because the
    older spouse had attained age 80, it will be reinstated if the surviving
    spouse is age 75 or younger. The benefit is then frozen on the contract date
    anniversary after the surviving spouse reaches age 80. If the surviving
    spouse is age 76 or older, the benefit will be discontinued even if the
    surviving spouse is the older spouse (upon whose age the benefit was
    originally based).

o   The Guaranteed minimum income benefit may continue if the benefit had not
    already terminated and the benefit will be based on the successor
    owner/annuitant, if applicable. See "Guaranteed minimum income benefit" in
    "Contract features and benefits" earlier in this Prospectus.

o   If you elect Principal Protector(SM), the benefit and charge will remain in
    effect. If your GWB benefit base is zero at the time of your death, and the
    charge had been suspended, the charge will be reinstated if any of the
    events, described in "Principal Protector(SM) charge" in "Charges and
    expenses" earlier in this Prospectus, occur. The GWB benefit base will not
    automatically be stepped up to equal the account value, if higher, upon your
    death. Your spouse must wait five complete years from the prior step up or
    from contract issue, whichever is later, in order to be eligible for the
    Optional step up. For more information, see "Principal Protector(SM)" in
    "Contract features and benefits" earlier in this Prospectus.

We will not allow Spousal protection to be added after contract issue. If there
is a change in owner or primary beneficiary, the Spousal protection benefit will
be terminated. If you divorce but do not change the owner or primary
beneficiary, Spousal protection continues.


If you are an existing contract owner this feature may not be available to you.
See Appendix VIII later in this Prospectus for more information about your
contract.


BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak with
your financial professional or see Appendix VII later in this Prospectus for
further information.

Where an IRA contract is owned in a custodial individual retirement account, the
custodian may reinvest the death benefit in an individual retirement annuity
contract, using the account beneficiary as the annuitant. Please speak with your
financial professional for further information.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS ONLY.
The beneficiary continuation option must be elected by September 30th of the
year following the calendar year of your death and before any other inconsistent
election is made. Beneficiaries who do not make a timely election will not be
eligible for this option. If the election is made, then, as of the date we
receive satisfactory proof of death, any required instructions, information and
forms necessary to effect the beneficiary continuation option feature, we will
increase the account value to equal the applicable death benefit if such death
benefit is greater than such account value, plus any amount applicable under the
Protection Plus(SM) feature, adjusted for any subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later than
December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have

                                                    Payment of death benefit  61


reached age 70-1/2, if such time is later. For traditional IRA contracts only,
if you die before your Required Beginning Date for Required Minimum
Distributions, as discussed later in this Prospectus in "Tax information" under
"Individual retirement arrangements (IRAs)," the beneficiary may choose the
"5-year rule" option instead of annual payments over life expectancy. The 5-year
rule is always available to beneficiaries under Roth IRA contracts. If the
beneficiary chooses this option, the beneficiary may take withdrawals as
desired, but the entire account value must be fully withdrawn by December 31st
of the calendar year which contains the fifth anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o   The contract continues in your name for the benefit of your beneficiary.

o   This feature is only available if the beneficiary is an individual. Certain
    trusts with only individual beneficiaries will be treated as individuals for
    this purpose.

o   If there is more than one beneficiary, each beneficiary's share will be
    separately accounted for. It will be distributed over the beneficiary's own
    life expectancy, if payments over life expectancy are chosen.

o   The minimum amount that is required in order to elect the beneficiary
    continuation option is $5,000 for each beneficiary.

o   The beneficiary may make transfers among the investment options but no
    additional contributions will be permitted.

o   If you had elected the Guaranteed minimum income benefit, an optional
    enhanced death benefit, GPB Option 2 or Principal Protector(SM) (in certain
    circumstances) under the contract, they will no longer be in effect and
    charges for such benefits will stop. Also, any Guaranteed minimum death
    benefit feature will no longer be in effect. See below for certain
    circumstances where Principal Protector(SM) may continue to apply.

o   The beneficiary may choose at any time to withdraw all or a portion of the
    account value.

o   Any partial withdrawal must be at least $300.

o   Your beneficiary will have the right to name a beneficiary to receive any
    remaining interest in the contract.

o   Upon the death of your beneficiary, the beneficiary he or she has named has
    the option to either continue taking required minimum distributions based on
    the remaining life expectancy of the deceased beneficiary or to receive any
    remaining interest in the contract in a lump sum. The option elected will be
    processed when we receive satisfactory proof of death, any required
    instructions for the method of payment and any required information and
    forms necessary to effect payment.

o   If you had elected Principal Protector(SM), your spousal beneficiary may not
    continue Principal Protector(SM), and the benefit will terminate without
    value, even if the GWB benefit base is greater than zero. In general,
    spousal beneficiaries who wish to continue Principal Protector(SM) should
    consider continuing the contract under the Successor owner and annuitant
    feature, if eligible. In general, eligibility requires that your spouse must
    be the sole primary beneficiary. Please see "Successor owner and annuitant"
    in "How death benefit payment is made" under "Payment of death benefit"
    earlier in this Prospectus for further details. If there are multiple
    beneficiaries who elect the Beneficiary continuation option, the spousal
    beneficiary may continue the contract without Principal Protector(SM) and
    non-spousal beneficiaries may continue with Principal Protector(SM). In this
    case, the spouse's portion of the GWB benefit base will terminate without
    value.

o   If you had elected Principal Protector(SM), your non-spousal beneficiary may
    continue the benefit, as follows:

    o   The beneficiary was 75 or younger on the original contract date.

    o   The benefit and charge will remain in effect unless your ben eficiary
        tells us to terminate the benefit at the time of the Beneficiary
        continuation option election.

    o   One time step up: Upon your death, if your account value is greater than
        the GWB benefit base, the GWB benefit base will be automatically stepped
        up to equal the account value, at no additional charge. If Principal
        Protector(SM) is not in effect at the time of your death because the GWB
        benefit base is zero, the beneficiary may reinstate the benefit (at the
        charge that was last in effect) with the one time step up. If the
        beneficiary chooses not to reinstate the Principal Protector(SM) at the
        time the Beneficiary continuation option is elected, Principal
        Protector(SM) will terminate.

    o   If there are multiple beneficiaries each beneficiary's interest in the
        GWB benefit base will be separately accounted for.

    o   As long as the GWB benefit base is $5,000 or greater, the beneficiary
        may elect the Beneficiary continuation option and continue Principal
        Protector(SM) even if the account value is less than $5,000.

    o   If scheduled payments are elected, the beneficiary's sched uled payments
        will be calculated, using the greater of the account value or the GWB
        benefit base, as of each December 31. If the beneficiary dies prior to
        receiving all payments, we will make the remaining payments to the
        person designated by the deceased non-spousal beneficiary, unless that
        person elects to take any remaining account value in a lump sum, in
        which case any remaining GWB benefit base will terminate without value.

    o   If the "5-year rule" is elected and the beneficiary dies prior to the
        end of the fifth year, we will pay any remaining account value in a lump
        sum and the contract and any remaining GWB benefit base will terminate
        without value.

    o   Provided no other withdrawals are taken during a contract year while the
        beneficiary receives scheduled payments, the scheduled payments will not
        cause a GWB Excess withdrawal, even if they exceed the GWB Annual
        withdrawal amount. If the beneficiary takes any other withdrawals while
        the Beneficiary continuation option scheduled payments are in effect,
        the GWB Excess withdrawal exception terminates

62  Payment of death benefit


        permanently. In order to take advantage of this exception, the
        beneficiary must elect the scheduled payments rather than the "5-year
        rule." If the beneficiary elects the "5-year rule," there is no
        exception.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as the Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant are
the same person. If the owner and annuitant are different and the owner dies
before the annuitant, for purposes of this discussion, "beneficiary" refers to
the successor owner. For a discussion of successor owner, see "When an NQ
contract owner dies before the annuitant" earlier in this section. This feature
must be elected within 9 months following the date of your death and before any
other inconsistent election is made. Beneficiaries who do not make a timely
election will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life expectancy.
If the beneficiary chooses the 5-year rule, there will be no scheduled payments.
Under the 5-year rule, the beneficiary may take withdrawals as desired, but the
entire account value must be fully withdrawn by the fifth anniversary of your
death.

Under the beneficiary continuation option for NQ contracts (regardless of
whether the owner and annuitant are the same person):

o   This feature is only available if the beneficiary is an individual. It is
    not available for any entity such as a trust, even if all of the
    beneficiaries of the trust are individuals.

o   The contract continues in your name for the benefit of your beneficiary.

o   If there is more than one beneficiary, each beneficiary's share will be
    separately accounted for. It will be distributed over the respective
    beneficiary's own life expectancy, if scheduled payments are chosen.

o   The minimum amount that is required in order to elect the beneficiary
    continuation option is $5,000 for each beneficiary.

o   The beneficiary may make transfers among the investment options but no
    additional contributions will be permitted.

o   If you had elected the Guaranteed minimum income benefit, an optional
    enhanced death benefit, GPB Option 2 or Principal Protector(SM) (in certain
    circumstances) under the contract, they will no longer be in effect and
    charges for such benefits will stop. Also, any Guaranteed minimum death
    benefit feature will no longer be in effect. See below for certain
    circumstances where Principal Protector(SM) may continue to apply.

o   If the beneficiary chooses the "5-year rule," withdrawals may be made at any
    time. If the beneficiary instead chooses scheduled payments, the beneficiary
    must also choose between two potential withdrawal options at the time of
    election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
    cannot later withdraw funds in addition to the scheduled payments the
    beneficiary is receiving; "Withdrawal Option 1" permits total surrender
    only. "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
    addition to scheduled payments, at any time. However, the scheduled payments
    under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
    payments." See "Taxation of nonqualified annuities" in "Tax Information"
    later in this Prospectus.

o   Any partial withdrawals must be at least $300.

o   Your beneficiary will have the right to name a beneficiary to receive any
    remaining interest in the contract on the beneficiary's death.

o   Upon the death of your beneficiary, the beneficiary he or she has named has
    the option to either continue taking scheduled payments based on the
    remaining life expectancy of the deceased beneficiary (if scheduled payments
    were chosen) or to receive any remaining interest in the contract in a lump
    sum. We will pay any remaining interest in the contract in a lump sum if
    your beneficiary elects the 5-year rule. The option elected will be
    processed when we receive satisfactory proof of death, any required
    instructions for the method of payment and any required information and
    forms necessary to effect payment.

o   If you had elected Principal Protector(SM), your spousal beneficiary may not
    continue Principal Protector(SM), and the benefit will terminate without
    value, even if the GWB benefit base is greater than zero. In general,
    spousal beneficiaries who wish to continue Principal Protector(SM) should
    consider continuing the contract under the Successor owner and annuitant
    feature, if eligible. In general, eligibility requires that you must be the
    owner and annuitant and your spouse must be the sole primary beneficiary.
    Please see "Successor owner and annuitant" in "How death benefit payment is
    made" under "Payment of death benefit" earlier in this Prospectus for
    further details. If there are multiple beneficiaries who elect the
    Beneficiary continuation option, the spousal beneficiary may continue the
    contract without Principal Protector(SM) and non-spousal beneficiaries may
    continue with Principal Protector(SM). In this case, the spouse's portion of
    the GWB benefit base will terminate without value.

o   If the non-spousal beneficiary chooses scheduled payments under "Withdrawal
    Option 1," as discussed above in this section, Principal Protector(SM) may
    not be continued and will automatically terminate without value even if the
    GWB benefit base is greater than zero.

o   If you had elected Principal Protector(SM), your non-spousal beneficiary may
    continue the benefit, as follows:

    o   The beneficiary was 75 or younger on the original contract date.

    o   The benefit and charge will remain in effect unless your beneficiary
        tells us to terminate the benefit at the time of the Beneficiary
        continuation option election.

    o   One time step up: Upon your death, if your account value is greater than
        the GWB benefit base, the GWB benefit base will be automatically stepped
        up to equal the account value, at no additional charge. If Principal
        Protector(SM) is not in effect at the time of your death because the GWB
        benefit

                                                    Payment of death benefit  63


        base is zero, the beneficiary may reinstate the benefit (at the charge
        that was last in effect) with the one time step up. If the beneficiary
        chooses not to reinstate the Principal Protector(SM) at the time the
        Beneficiary continuation option is elected, Principal Protector(SM) will
        terminate.

    o   If there are multiple beneficiaries, each beneficiary's interest in the
        GWB benefit base will be separately accounted for.

    o   As long as the GWB benefit base is $5,000 or greater, the beneficiary
        may elect the Beneficiary continuation option and continue Principal
        Protector(SM) even if the account value is less than $5,000.

    o   If scheduled payments under "Withdrawal Option 2" is elected, the
        beneficiary's scheduled payments will be calculated using the greater of
        the account value or the GWB benefit base, as of each December 31. If
        the beneficiary dies prior to receiving all payments, we will make the
        remaining payments to the person designated by the deceased non-spousal
        beneficiary, unless that person elects to take any remaining account
        value in a lump sum, in which case any remaining GWB benefit base will
        terminate without value.

    o   If the "5-year rule" is elected and the beneficiary dies prior to the
        end of the fifth year, we will pay any remaining account value in a lump
        sum and the contract and any remaining GWB benefit base will terminate
        without value.

    o   Provided no other withdrawals are taken during a contract year while the
        beneficiary receives scheduled payments, the scheduled payments will not
        cause a GWB Excess withdrawal, even if they exceed the GWB Annual
        withdrawal amount. If the beneficiary takes any other withdrawals while
        the Beneficiary continuation option scheduled payments are in effect,
        the GWB Excess withdrawal exception terminates permanently. In order to
        take advantage of this exception, the beneficiary must elect scheduled
        payments under "Withdrawal Option 2" rather than the "5-year rule." If
        the beneficiary elects the "5-year rule," there is no exception.

If you are both the owner and annuitant:

    o   As of the date we receive satisfactory proof of death, any required
        instructions, information and forms necessary to effect the beneficiary
        continuation option feature, we will increase the annuity account value
        to equal the applicable death benefit if such death benefit is greater
        than such account value, plus any amount applicable under the Protection
        Plus(SM) feature, adjusted for any subsequent withdrawals.

If the owner and annuitant are not the same person:

o   If the beneficiary continuation option is elected, the beneficiary
    automatically becomes the new annuitant of the contract, replacing the
    existing annuitant.

o   The annuity account value will not be reset to the death benefit amount.

If a contract is jointly owned:

o   The surviving owner supersedes any other named beneficiary and may elect the
    beneficiary continuation option.

o   If the deceased joint owner was also the annuitant, see "If you are both the
    owner and annuitant" earlier in this section.

o   If the deceased joint owner was not the annuitant, see "If the owner and
    annuitant are not the same person" earlier in this section.

64  Payment of death benefit


7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Select(SM) contracts owned by United
States individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA or TSA. Therefore, we discuss
the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change without
notice. We cannot predict whether, when, or how these rules could change. Any
change could affect contracts purchased before the change. Congress may also
consider proposals in the future to comprehensively reform or overhaul the
United States tax and retirement systems, which if enacted, could affect the tax
benefits of a contract. We cannot predict what, if any, legislation will
actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state income
and other state taxes, federal income tax, and withholding rules for non-U.S.
taxpayers, or federal gift and estate taxes. Transfers of the contract, rights
or values under the contract, or payments under the contract, for example, the
amounts due to beneficiaries, may be subject to federal or state gift, estate,
or inheritance taxes. You should not rely only on this document, but should
consult your tax adviser before your purchase.


BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b) Arrangements
("TSAs"), respectively: an IRA or 403(b) annuity contract such as this one, or
an IRA or 403(b)(7) custodial or other qualified account. How these arrangements
work, including special rules applicable to each, are described in the specific
sections for each type of arrangement, below. You should be aware that the
funding vehicle for a qualified arrangement does not provide any tax deferral
benefit beyond that already provided by the Code for all permissible funding
vehicles. Before choosing an annuity contract, therefore, you should consider
the annuity's features and benefits, such as Accumulator(R) Select(SM)'s 12
month dollar cost averaging, choice of death benefits, the Principal
Protector(SM) benefit, the Guaranteed minimum income benefit, selection of
variable investment options, guaranteed interest option, fixed maturity options
and its choices of payout options, as well as the features and benefits of other
permissible funding vehicles and the relative costs of annuities and other
arrangements. You should be aware that cost may vary depending on the features
and benefits made available and the charges and expenses of the investment
options or funds that you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to, the
guaranteed minimum income benefit and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase this
annuity contract or purchase additional features under this annuity contract.

TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o   if a contract fails investment diversification requirements as specified in
    federal income tax rules (these rules are based on or are similar to those
    specified for mutual funds under the securities laws);

o   if you transfer a contract, for example, as a gift to someone other than
    your spouse (or former spouse);

o   if you use a contract as security for a loan (in this case, the amount
    pledged will be treated as a distribution); and

o   if the owner is other than an individual (such as a corporation,
    partnership, trust, or other non-natural person). This provision does not
    apply to a trust which is a mere agent or nominee for an individual, such as
    a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

ANNUITY PAYMENTS

Once annuity payments begin, a portion of each payment is taxable as ordinary
income. You get back the remaining portion without paying

                                                             Tax information  65


taxes on it. This is your "investment in the contract." Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any unrecovered
investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the contract.
If you withdraw an amount which is more than the earnings in the contract as of
the date of the withdrawal, the balance of the distribution is treated as a
return of your investment in the contract and is not taxable.

PROTECTION PLUS(SM) FEATURE

In order to enhance the amount of the death benefit to be paid at the
annuitant's death, you may purchase a Protection Plus(SM) rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it is
possible that the IRS could take a contrary position or assert that the
Protection Plus(SM) rider is not part of the contract. In such a case the
charges for the Protection Plus(SM) rider could be treated for federal income
tax purposes as a partial withdrawal from the contract. If this were so, such a
deemed withdrawal could be taxable, and for contract owners under age 59-1/2,
also subject to a tax penalty. Were the IRS to take this position, AXA Equitable
would take all reasonable steps to attempt to avoid this result, which could
include amending the contract (with appropriate notice to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o   the contract that is the source of the funds you are using to purchase the
    NQ contract is another nonqualified deferred annuity contract (or life
    insurance or endowment contract).

o   The owner and the annuitant are the same under the source contract and the
    Accumulator(R) Select(SM) NQ contract. If you are using a life insurance or
    endowment contract the owner and the insured must be the same on both sides
    of the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Select(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between carriers, and provision of cost basis information may be required to
process this type of an exchange.


Section 1035 exchanges are generally not available after the death of owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as ordinary
income (not capital gain) to the extent it exceeds your investment in the
contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option for
NQ contracts. See the discussion "Beneficiary continuation option for NQ
Contracts only" in "Payment of death benefit" earlier in this Prospectus. Among
other things, the IRS rules that:

o   scheduled payments under the beneficiary continuation option for NQ
    contracts satisfy the death of owner rules of Section 72(s)(2) of the Code,
    regardless of whether the beneficiary elects "Withdrawal Option 1" or
    "Withdrawal Option 2";

o   scheduled payments, any additional withdrawals under "Withdrawal Option 2",
    or contract surrenders under "Withdrawal Option 1" will only be taxable to
    the beneficiary when amounts are actually paid, regardless of the Withdrawal
    Option selected by the beneficiary;

o   a beneficiary who irrevocably elects scheduled payments with "Withdrawal
    Option 1" will receive "excludable amount" tax treatment on scheduled
    payments. See "Annuity payments" earlier in this section. If the beneficiary
    elects to surrender the contract before all scheduled payments are paid, the
    amount received upon surrender is a non-annuity payment taxable to the
    extent it exceeds any remaining investment in the contract.

The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken). The ruling also does not address the effect
of the retention of the Principal Protector(SM) feature discussed earlier in
this Prospectus under "Contract features and benefits," which a non-spousal
beneficiary may elect under certain conditions. Before electing the beneficiary
continuation option feature, the individuals you designate as beneficiary or
successor owner should discuss with their tax advisers the consequences of such
elections.

66  Tax information


The tax treatment of a withdrawal after the death of the owner taken as a single
sum or taken as withdrawals under the 5-year rule is generally the same as the
tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax. Some
of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   in the form of substantially equal periodic annuity payments for your life
    (or life expectancy), or the joint lives (or joint life expectancy) of you
    and a beneficiary, in accordance with IRS formulas.

INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as the
owner (for tax purposes) of the assets of Separate Accounts 45 and 49. If you
were treated as the owner, you would be taxable on income and gains attributable
to the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Accounts 45 and 49. The IRS has said that the owners of variable annuities will
not be treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and must
have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Accounts 45 and 49, there are some issues
that remain unclear. For example, the IRS has not issued any guidance as to
whether having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of the
assets of Separate Accounts 45 and 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from NQ
contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for U.S.
tax paid. Depending on your personal situation and the timing of the different
tax liabilities, you may not be able to take full advantage of this credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types of
such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds the
assets for the benefit of the IRA owner. The assets funding the account
typically include mutual funds and/or individual stocks and/or securities in a
custodial account and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o   Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs
    and SIMPLE IRAs issued and funded in connection with employer-sponsored
    retirement plans; and

o   Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required to
combine IRA values or contributions for tax purposes. For further information
about individual retirement arrangements, you can read Internal Revenue Service
Publication 590 ("Individual Retirement Arrangements (IRAs)"). This publication
is usually updated annually, and can be obtained from any IRS district office or
the IRS website (www.irs.gov).


AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA ("Rollover IRA") or Roth IRA ("Roth Conversion
IRA"). We also offer the Inherited IRA for payment of post-death required
minimum distributions from traditional IRAs and Roth IRAs. This Prospectus
contains the information that the IRS requires you to have before you purchase
an IRA. The first section covers some of the special tax rules that apply to
traditional IRAs. The next section covers Roth IRAs. The disclosure generally
assumes direct ownership of the individual retirement annuity contract. For
contracts owned in a custodial individual retirement account, the disclosure
will apply only if you terminate your account or transfer ownership of the
contract to yourself.

We describe the amount and types of charges that may apply to your contributions
under "Charges and expenses" earlier in this Prospectus. We describe the method
of calculating payments under "Accessing your money" earlier in this Prospectus.
We do not guarantee or project growth in any variable income annuitization
option payments (as opposed to payments from a fixed income annuitization
option).

For some of the contracts covered by this Prospectus, we have received an
opinion letter from the IRS approving the respective forms of the Accumulator(R)
Select(SM) traditional and Roth IRA contracts for use as a traditional IRA and a
Roth IRA, respectively. For others, we have not


                                                             Tax information  67



applied for an opinion letter from the IRS to approve the respective forms of
the Accumulator(R) Select(SM) traditional and Roth IRA contracts for use as a
traditional and Roth IRA, respectively. This IRS approval is a determination
only as to the form of the annuity. It does not represent a determination of the
merits of the annuity as an investment. The contracts submitted for IRS approval
do not include every feature possibly available under any series of
Accumulator(R) Select(SM) traditional and Roth IRA contracts.


PROTECTION PLUS(SM) FEATURE

The Protection Plus(SM) feature is offered for IRA contracts, subject to state
and contract availability. We have received IRS Opinion Letters that the
contract with a similar Protection Plus(SM) feature qualifies as to form for use
as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available under
the Accumulator(R) Select(SM) traditional and Roth IRA contracts. You should
discuss with your tax adviser whether you should consider purchasing an
Accumulator(R) Select(SM) IRA or Accumulator(R) Select(SM) Roth IRA with the
optional Protection Plus(SM) feature.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

You can cancel any version of the Accumulator(R) Select(SM) IRA contract
(traditional IRA or Roth IRA) by following the directions in "Your right to
cancel within a certain number of days" under "Contract features and benefits"
earlier in this Prospectus. If you cancel a traditional IRA or Roth IRA
contract, we may have to withhold tax, and we must report the transaction to the
IRS. A contract cancellation could have an unfavorable tax impact.

TRADITIONAL INDIVIDUAL RETIREMENT ANNUITIES (TRADITIONAL IRAS)


CONTRIBUTIONS TO TRADITIONAL IRAS. Individuals may make three different types of
contributions to purchase a traditional IRA or as subsequent contributions to an
existing IRA:

o   "regular" contributions out of earned income or compensation; or

o   tax-free "rollover" contributions; or

o   direct custodian-to-custodian transfers from other traditional IRAs ("direct
    transfers").

REGULAR CONTRIBUTIONS TO TRADITIONAL IRAS


LIMITS ON CONTRIBUTIONS. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable year.
The maximum regular contribution amount depends on age, earnings, and year,
among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008 the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

SPECIAL RULES FOR SPOUSES. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be less
if earned income is less and the other spouse has made IRA contributions. No
more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional IRAs
and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. Catch-up contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.


DEDUCTIBILITY OF CONTRIBUTIONS. The amount of traditional IRA contributions that
you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored retirement plan, as defined under special federal
income tax rules. Your Form W-2 will indicate whether or not you are covered by
such a retirement plan.


If you are not covered by a retirement plan during any part of the year, you can
make fully deductible contributions to your traditional IRAs for the taxable
year up to the maximum amount discussed earlier in this section under "Limits on
contributions." That is, for 2007 your fully deductible contribution can be up
to $4,000 ($5,000 for 2008), or if less, your earned income. The dollar limit is
$5,000 for people eligible to make age 50-70-1/2 catch-up contributions for 2007
($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct any
of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible contributions
beginning in 2007.


If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases

68  Tax information



out with AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and
$62,000 after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $75,000 and $85,000 in 2006. In 2007,
the deduction will phase out for AGI between $80,000 and $100,000. (For 2007,
AGI between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional IRA
contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI between
$150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000 after
adjustment.)


To determine the deductible amount of the contribution for 2006, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:

 ($10,000-excess AGI)   times    the maximum     Equals      the adjusted
 --------------------     x        regular         =          deductible
  divided by $10,000             contribution                contribution
                                 for the year                    limit


ADDITIONAL "SAVER'S CREDIT" FOR CONTRIBUTIONS TO A TRADITIONAL IRA OR ROTH IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax return,
and your adjusted gross income cannot exceed $50,000 ($52,000 after cost of
living indexing beginning in 2007). The amount of the tax credit you can get
varies from 10% of your contribution to 50% of your contribution, and depends on
your income tax filing status and your adjusted gross income. The maximum annual
contribution eligible for the saver's credit is $2,000. If you and your spouse
file a joint return, and each of you qualifies, each is eligible for a maximum
annual contribution of $2,000. Your saver's credit may also be reduced if you
take or have taken a taxable distribution from any plan eligible for a saver's
credit contribution -- even if you make a contribution to one plan and take the
distribution from another plan -- during the "testing period." The "testing
period" begins two years before the year for which you make the contribution and
ends when your tax return is due for the year for which you make the
contribution. Saver's-credit-eligible contributions may be made to a 401(k)
plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE IRA or SARSEP IRA,
as well as a traditional IRA or Roth IRA.

NONDEDUCTIBLE REGULAR CONTRIBUTIONS. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records pertaining
to such contributions until interests in all traditional IRAs are fully
distributed.

WHEN YOU CAN MAKE REGULAR CONTRIBUTIONS. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make your
regular traditional IRA contributions for a taxable year.

ROLLOVER AND TRANSFER CONTRIBUTIONS TO TRADITIONAL IRAS

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o   qualified plans;

o   governmental employer 457(b) plans;

o   TSAs (including Internal Revenue Code Section 403(b)(7) custo dial
    accounts); and

o   other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional IRA
to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

ROLLOVERS FROM "ELIGIBLE RETIREMENT PLANS" OTHER THAN TRADITIONAL IRAS


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

                                                             Tax information  69


o   Do it yourself:
    You actually receive a distribution that can be rolled over and you roll it
    over to a traditional IRA within 60 days after the date you receive the
    funds. The distribution from your eligible retirement plan will be net of
    20% mandatory federal income tax withholding. If you want, you can replace
    the withheld funds yourself and roll over the full amount.

o   Direct rollover:
    You tell the trustee or custodian of the eligible retirement plan to send
    the distribution directly to your traditional IRA issuer. Direct rollovers
    are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o   "required minimum distributions" after age 70-1/2 or retirement from service
    with the employer; or

o   substantially equal periodic payments made at least annually for your life
    (or life expectancy) or the joint lives (or joint life expectancies) of you
    and your designated beneficiary; or

o   substantially equal periodic payments made for a specified period of 10
    years or more; or

o   hardship withdrawals; or

o   corrective distributions that fit specified technical tax rules; or

o   loans that are treated as distributions; or

o   death benefit payments to a beneficiary who is not your surviving spouse; or

o   qualified domestic relations order distributions to a beneficiary who is not
    your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan such as a traditional IRA, and subsequently take a premature
distribution.

ROLLOVERS OF AFTER-TAX CONTRIBUTIONS FROM ELIGIBLE RETIREMENT PLANS OTHER THAN
TRADITIONAL IRAS


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


ROLLOVERS FROM TRADITIONAL IRAS TO TRADITIONAL IRAS

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently than
once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement plan
under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result of
a court ordered divorce or separation decree.


EXCESS CONTRIBUTIONS

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o   regular contributions of more than the maximum regular contri bution amount
    for the applicable taxable year); or

o   regular contributions to a traditional IRA made after you reach age 70-1/2;
    or

o   rollover contributions of amounts which are not eligible to be rolled over,
    for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income. It
is also not subject to the 10% additional penalty tax on early distributions,
discussed later in this section under "Early distribution penalty tax." You do
have to withdraw any earnings that are attributed to the excess contribution.
The withdrawn earnings would be included in your gross income and could be
subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1) the rollover was from an eligible retirement plan to a traditional IRA;

70  Tax information


(2) the excess contribution was due to incorrect information that the plan
    provided; and

(3) you took no tax deduction for the excess contribution.

RECHARACTERIZATIONS

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

WITHDRAWALS, PAYMENTS AND TRANSFERS OF FUNDS OUT OF TRADITIONAL IRAS

NO FEDERAL INCOME TAX LAW RESTRICTIONS ON WITHDRAWALS. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

TAXATION OF PAYMENTS. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA (it
does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible traditional
IRA contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus all
traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o   the amount received is a withdrawal of excess contributions, as described
    under "Excess contributions" earlier in this section; or

o   the entire amount received is rolled over to another traditional IRA or
    other eligible retirement plan which agrees to accept the funds. (See
    "Rollovers from eligible retirement plans other than traditional IRAs" under
    "Rollover and transfer contributions to traditional IRAs" earlier in this
    section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b) plan.
After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


REQUIRED MINIMUM DISTRIBUTIONS

BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS Distributions must
be made from traditional IRAs according to rules contained in the Code and
Treasury Regulations. Beginning in 2006, certain provisions of the Treasury
Regulations require that the actuarial present value of additional annuity
contract benefits must be added to the dollar amount credited for purposes of
calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income benefits
and enhanced death benefits. This could increase the amount required to be
distributed from these contracts if you take annual withdrawals instead of
annuitizing. Please consult your tax adviser concerning applicability of these
complex rules to your situation.

LIFETIME REQUIRED MINIMUM DISTRIBUTIONS. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

WHEN YOU HAVE TO TAKE THE FIRST LIFETIME REQUIRED MINIMUM DISTRIBUTION. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date," which
is April 1st of the calendar year after the calendar year in which you turn age
70-1/2. If you choose to delay taking the first annual minimum distribution,
then you will have to take two minimum distributions in that year--the delayed
one for the first year and the one actually for that year. Once minimum
distributions begin, they must be made at some time each year.

                                                             Tax information  71


HOW YOU CAN CALCULATE REQUIRED MINIMUM DISTRIBUTIONS. There are two approaches
to taking required minimum distributions -- "account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by a
number corresponding to your age from an IRS table. This gives you the required
minimum distribution amount for that particular IRA for that year. If your
spouse is your sole beneficiary and more than 10 years younger than you, the
dividing number you use may be from another IRS table and may produce a smaller
lifetime required minimum distribution amount. Regardless of the table used, the
required minimum distribution amount will vary each year as the account value,
the actuarial present value of additional annuity contract benefits, if
applicable, and the divisor change. If you initially choose an account-based
method, you may later apply your traditional IRA funds to a life annuity-based
payout with any certain period not exceeding remaining life expectancy,
determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a period
certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

DO YOU HAVE TO PICK THE SAME METHOD TO CALCULATE YOUR REQUIRED MINIMUM
DISTRIBUTIONS FOR ALL OF YOUR TRADITIONAL IRAS AND OTHER RETIREMENT PLANS? No.
If you want, you can choose a different method for each of your traditional IRAs
and other retirement plans. For example, you can choose an annuity payout from
one IRA, a different annuity payout from a qualified plan and an account-based
annual withdrawal from another IRA.

WILL WE PAY YOU THE ANNUAL AMOUNT EVERY YEAR FROM YOUR TRADITIONAL IRA BASED ON
THE METHOD YOU CHOOSE? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount, you
may choose to take your annual required minimum distribution from any one or
more traditional IRAs that you own.

WHAT IF YOU TAKE MORE THAN YOU NEED TO FOR ANY YEAR? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

WHAT IF YOU TAKE LESS THAN YOU NEED TO FOR ANY YEAR? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method with
us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

WHAT ARE THE REQUIRED MINIMUM DISTRIBUTION PAYMENTS AFTER YOU DIE? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

INDIVIDUAL BENEFICIARY. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

SPOUSAL BENEFICIARY. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of choices.
Post-death distributions may be made over your spouse's single life expectancy.
Any amounts distributed after that surviving spouse's death are made over the
spouse's life expectancy calculated in the year of his/her death, reduced by one
for each subsequent year. In some circumstances, your surviving spouse may elect
to become the owner of the traditional IRA and halt distributions until he or
she reaches age 70-1/2, or roll over amounts from your traditional IRA into
his/her own traditional IRA or other eligible retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained age
70-1/2.

NON-INDIVIDUAL BENEFICIARY. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules permit
the beneficiary to calculate post-death required minimum distribution amounts
based on the owner's life expectancy in the year of death. However, note that we
need an individual annuitant to keep an annuity contract in force. If

72  Tax information


the beneficiary is not an individual, we must distribute amounts remaining in
the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of the
annuitant.

SUCCESSOR OWNER AND ANNUITANT

If your spouse is the sole primary beneficiary and elects to become the
successor owner and annuitant, no death benefit is payable until your surviving
spouse's death.

PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH

IRA death benefits are taxed the same as IRA distributions.

BORROWING AND LOANS ARE PROHIBITED TRANSACTIONS

You cannot get loans from a traditional IRA. You cannot use a traditional IRA as
collateral for a loan or other obligation. If you borrow against your IRA or use
it as collateral, its tax-favored status will be lost as of the first day of the
tax year in which this prohibited event occurs. If this happens, you must
include the value of the traditional IRA in your federal gross income. Also, the
early distribution penalty tax of 10% may apply if you have not reached age
59-1/2 before the first day of that tax year.

EARLY DISTRIBUTION PENALTY TAX

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   used to pay certain extraordinary medical expenses (special fed eral income
    tax definition); or

o   used to pay medical insurance premiums for unemployed indi viduals (special
    federal income tax definition); or

o   used to pay certain first-time home buyer expenses (special fed eral income
    tax definition; $10,000 lifetime total limit for these distributions from
    all your traditional and Roth IRAs); or

o   used to pay certain higher education expenses (special federal income tax
    definition); or

o   in the form of substantially equal periodic payments made at least annually
    over your life (or your life expectancy) or over the joint lives of you and
    your beneficiary (or your joint life expectancies using an IRS-approved
    distribution method).


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially equal
withdrawals and Income Manager(SM) payments are not subject to the 10% penalty
tax, they are taxable as discussed in "Withdrawals, payments and transfers of
funds out of traditional IRAs" above. Once substantially equal withdrawals or
Income Manager(SM) annuity payments begin, the distributions should not be
stopped or changed until after the later of your reaching age 59-1/2 or five
years after the date of the first distribution, or the penalty tax, including an
interest charge for the prior penalty avoidance, may apply to all prior
distributions under this option. Also, it is possible that the IRS could view
any additional withdrawal or payment you take from your contract as changing
your pattern of substantially equal withdrawals or Income Manager(SM) payments
for purposes of determining whether the penalty applies.

ROTH INDIVIDUAL RETIREMENT ANNUITIES (ROTH IRAS)


This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Select(SM) Roth Conversion IRA contract is designed to
qualify as a Roth individual retirement annuity under Sections 408A(b) and
408(b) of the Internal Revenue Code.

CONTRIBUTIONS TO ROTH IRAS

Individuals may make four different types of contributions to a Roth IRA:

o   regular after-tax contributions out of earnings; or

o   taxable rollover contributions from traditional IRAs ("conversion"
    contributions); or

o   tax-free rollover contributions from other Roth arrangements; or

o   tax-free direct custodian-to-custodian transfers from other Roth IRAs
    ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in this
section. If you use the forms we require, we will also accept traditional IRA
funds which are subsequently recharacterized as Roth IRA funds following special
federal income tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


REGULAR CONTRIBUTIONS TO ROTH IRAS


LIMITS ON REGULAR CONTRIBUTIONS. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable year.
The maximum regular contribution amount depends on age, earnings, and year,
among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for and 2007 ($5,000 for 2008).
This limit does not apply to rollover contributions or direct
custodian-to-custodian transfers into a Roth IRA. Any contributions to Roth IRAs
reduce your


                                                             Tax information  73


ability to contribute to traditional IRAs and vice versa. When your earnings are
below $4,000, your earned income or compensation for the year is the most you
can contribute. If you are married and file a joint income tax return, you and
your spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.


If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007);



o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is over $160,000 (for 2007, $166,000 after
    adjustment); or



o   your federal income tax filing status is "single" and your modified adjusted
    gross income is over $110,000 (for 2007, $114,000 after adjustment).


However, you can make regular Roth IRA contributions in reduced amounts when:


o   your federal income tax filing status is "married filing jointly" and your
    modified adjusted gross income is between $150,000 and $160,000 (for 2007,
    between $156,000 and $166,000 after adjustment); or



o   your federal income tax filing status is "single" and your modified adjusted
    gross income is between $95,000 and $110,000 (for 2007, between $99,000 and
    $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross income
is between $0 and $10,000 the amount of regular contributions you are permitted
to make is phased out. If your modified adjusted gross income is more than
$10,000 you cannot make regular Roth IRA contributions.

WHEN YOU CAN MAKE CONTRIBUTIONS. Same as traditional IRAs.

DEDUCTIBILITY OF CONTRIBUTIONS. Roth IRA contributions are not tax deductible.

ROLLOVERS AND DIRECT TRANSFERS

WHAT IS THE DIFFERENCE BETWEEN ROLLOVER AND DIRECT TRANSFER TRANSACTIONS?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly to
the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o   another Roth IRA ("tax-free rollover contribution");

o   from a "designated Roth contribution account" under a 401(k) plan or a
    403(b) arrangement;

o   another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
    rollover limitation period for SIMPLE IRA funds), in a taxable conversion
    rollover ("conversion contribution");


o   you may not make contributions to a Roth IRA from a qualified plan under
    section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
    the Internal Revenue Code or any other eligible retirement plan until 2008.
    You may make rollover contributions from a "designated Roth contribution
    account" under a 401(k) plan or a 403(b) arrangement which permits
    designated Roth elective deferral contributions to be made, beginning in
    2006.

You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.


You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover transactions
only once in any 12-month period for the same funds. Trustee-to-trustee or
custodian-to-custodian direct transfers can be made more frequently than once a
year. Also, if you send us the rollover contribution to apply it to a Roth IRA,
you must do so within 60 days after you receive the proceeds from the original
IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

CONVERSION CONTRIBUTIONS TO ROTH IRAS

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is generally
fully taxable. For this reason, we are required to withhold 10% federal income
tax from the amount converted unless you elect out of such withholding. If you
have ever

74  Tax information


made nondeductible regular contributions to any traditional IRA -- whether or
not it is the traditional IRA you are converting -- a pro rata portion of the
distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.


The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."


You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you reconvert
during either of these periods, it will be a failed Roth IRA conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as includible
in certain circumstances.

RECHARACTERIZATIONS

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

HOW TO RECHARACTERIZE. To recharacterize a contribution, you generally must have
the contribution transferred from the first IRA (the one to which it was made)
to the second IRA in a deemed trustee-to-trustee transfer. If the transfer is
made by the due date (including extensions) for your tax return for the year
during which the contribution was made, you can elect to treat the contribution
as having been originally made to the second IRA instead of to the first IRA. It
will be treated as having been made to the second IRA on the same date that it
was actually made to the first IRA. You must report the recharacterization and
must treat the contribution as having been made to the second IRA, instead of
the first IRA, on your tax return for the year during which the contribution was
made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net income
transferred with the recharacterized contribution is treated as earned in the
second IRA. The contribution will not be treated as having been made to the
second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated as
a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

WITHDRAWALS, PAYMENTS AND TRANSFERS OF FUNDS OUT OF ROTH IRAS

NO FEDERAL INCOME TAX LAW RESTRICTIONS ON WITHDRAWALS. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

DISTRIBUTIONS FROM ROTH IRAS

Distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled to
special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o   rollovers from a Roth IRA to another Roth IRA;

                                                             Tax information  75


o   direct transfers from a Roth IRA to another Roth IRA;

o   qualified distributions from a Roth IRA; and

o   return of excess contributions or amounts recharacterized to a traditional
    IRA.

QUALIFIED DISTRIBUTIONS FROM ROTH IRAS. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o   you are age 59-1/2 or older; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   your distribution is a "qualified first-time homebuyer distribution"
    (special federal income tax definition; $10,000 lifetime total limit for
    these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or not
the one from which the distribution is being made).

NONQUALIFIED DISTRIBUTIONS FROM ROTH IRAS. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1) Regular contributions.

(2) Conversion contributions, on a first-in-first-out basis (generally, total
    conversions from the earliest year first). These conversion contributions
    are taken into account as follows:

    (a) Taxable portion (the amount required to be included in gross income
        because of conversion) first, and then the

    (b) Nontaxable portion.

(3) Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1) All distributions made during the year from all Roth IRAs you maintain --
    with any custodian or issuer -- are added together.

(2) All regular contributions made during and for the year (contribu tions made
    after the close of the year, but before the due date of your return) are
    added together. This total is added to the total undistributed regular
    contributions made in prior years.


(3) All conversion contributions made during the year are added together. For
    purposes of the ordering rules, in the case of any conversion in which the
    conversion distribution is made in 2007 and the conversion contribution is
    made in 2008, the conversion contribution is treated as contributed prior to
    other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution would
have been taken into account if it had been made directly to the Roth IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA is
disregarded for the purpose of grouping both contributions and distributions.
Any amount withdrawn to correct an excess contribution (including the earnings
withdrawn) is also disregarded for this purpose.

REQUIRED MINIMUM DISTRIBUTIONS DURING LIFE

Lifetime required minimum distributions do not apply.

REQUIRED MINIMUM DISTRIBUTIONS AT DEATH

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

BORROWING AND LOANS ARE PROHIBITED TRANSACTIONS

Same as traditional IRA.

EXCESS CONTRIBUTIONS

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the due
date (including extensions) for filing your federal income tax return for the
tax year. If you do this, you must also withdraw or recharacterize any earnings
attributable to the contribution.

EARLY DISTRIBUTION PENALTY TAX

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

GENERAL

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004 the IRS and Treasury issued Proposed Regulations on Section 403(b)
of the Code. If finalized in their current form, these Proposed Regulations
would affect the estab-

76  Tax information


lishment and operation of plans and arrangements under Section 403(b) of the
Code, and the contracts issued to fund such plans. Please consult your tax
adviser concerning how these Proposed Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

PROTECTION PLUS(SM) FEATURE

The Protection Plus(SM) feature is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Protection
Plus(SM) benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Protection
Plus(SM) rider is not a permissible part of a TSA contract. If the IRS were to
take the position that the optional Protection Plus(SM) benefit is not part of
the contract, in such a case, the charges for the Protection Plus(SM) rider
could be treated for federal income tax purposes as a partial withdrawal from
the contract. If this were so, such a deemed withdrawal could affect the tax
qualification of the TSA and could be taxable. Were the IRS to take any adverse
position, AXA Equitable would take all reasonable steps to attempt to avoid any
adverse result, which would include amending the contract (with appropriate
notice to you). You should discuss with your tax adviser whether you should
consider purchasing an Accumulator(R) Select(SM) Rollover TSA contract with the
optional Protection Plus(SM) feature.

CONTRIBUTIONS TO TSAS

There are two ways you can make contributions to establish this Accumulator(R)
Select(SM) Rollover TSA contract:

o   a full or partial direct transfer of assets ("direct transfer") from another
    contract or arrangement that meets the requirements of Section 403(b) of the
    Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o   a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R)
Select(SM) TSA. We do not accept "designated Roth contributions" rolled over
from a 401(k) plan or a 403(b) arrangement or directly transferred from another
403(b) arrangement.

EMPLOYER-REMITTED CONTRIBUTIONS. The Accumulator(R) Select(SM) Rollover TSA
contract does not accept employer-remitted contributions. However, we provide
the following discussion as part of our description of restrictions on the
distribution of funds directly transferred, which include employer-remitted
contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or all
of the contributions made to a TSA are made under a salary reduction agreement
between the employee and the employer. These contributions are called "salary
reduction" or "elective deferral" contributions and are generally made on a
pre-tax basis.. Beginning in 2006, if the employer's plan permits, an employee
may designate some or all of salary reduction contributions as "designated Roth
contributions" to the 403(b) arrangement which are made on an after-tax basis.
However, a TSA can also be wholly or partially funded through nonelective
employer contributions or other after-tax employee contributions. Amounts
attributable to salary reduction contributions to TSAs are generally subject to
withdrawal restrictions. Also, all amounts attributable to investments in a
403(b)(7) custodial account are subject to withdrawal restrictions discussed
below.

ROLLOVER OR DIRECT TRANSFER CONTRIBUTIONS. Once you establish your Rollover TSA
with 403(b)-source funds, you may make subsequent rollover contributions to your
Rollover TSA contract from these sources: qualified plans, governmental employer
457(b) plans and traditional IRAs, as well as other TSAs and 403(b)
arrangements. All rollover contributions must be pre-tax funds only with
appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o   termination of employment with the employer who provided the funds for the
    plan; or

o   reaching age 59-1/2 even if you are still employed; or

o   disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental 457(b) plan are not subject to the additional 10%
federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a distribution.
We accept direct transfers of TSA funds under Revenue Ruling 90-24 only if:

                                                             Tax information  77


o   you give us acceptable written documentation as to the source of the funds;
    and

o   the Accumulator(R) Select(SM) contract receiving the funds has provi sions
    at least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Select(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Select(SM) TSA must be net of the
required minimum distribution for the tax year in which we issue the contract
if:

o   you are or will be at least age 70-1/2 in the current calendar year, and

o   you have retired from service with the employer who provided the funds to
    purchase the TSA you are transferring or rolling over to the Accumulator(R)
    Select(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o   rollover by check of the proceeds from another TSA or eligible retirement
    plan; or

o   direct rollover from another TSA or eligible retirement plan; or

o   direct transfer under Revenue Ruling 90-24 from another TSA.

DISTRIBUTIONS FROM TSAS

GENERAL. Depending on the terms of the employer plan and your employment status,
you may have to get your employer's consent to take a loan or withdrawal. Your
employer will tell us this when you establish the TSA through a direct transfer.

WITHDRAWAL RESTRICTIONS. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the following
events happens:

o   you are severed from employment with the employer who pro vided the funds to
    purchase the TSA you are transferring to the Accumulator(R) Select(SM)
    Rollover TSA; or

o   you reach age 59-1/2; or

o   you die; or

o   you become disabled (special federal income tax definition); or

o   you take a hardship withdrawal (special federal income tax defi nition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account, such
amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to your
TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

TAX TREATMENT OF DISTRIBUTIONS. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA distributions
may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

DISTRIBUTIONS BEFORE ANNUITY PAYMENTS BEGIN. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as pro
rata withdrawals of any after-tax contributions and earnings on those
contributions.

ANNUITY PAYMENTS. If you elect an annuity payout option, you will recover any
investment in the contract as each payment is received by dividing the
investment in the contract by an expected return determined under an IRS table
prescribed for qualified annuities. The amount of each payment not excluded from
income under this exclusion ratio is fully taxable. The full amount of the
payments received after your investment in the contract is recovered is fully
taxable. If you (and your beneficiary under a joint and survivor annuity) die
before recovering the full investment in the contract, a deduction is allowed on
your (or your beneficiary's) final tax return.


PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


78  Tax information


LOANS FROM TSAS. You may take loans from a TSA unless restricted by the employer
(for example, under an employer plan subject to ERISA). If you cannot take a
loan, or cannot take a loan without approval from the employer who provided the
funds, we will have this information in our records based on what you and the
employer who provided the TSA funds told us when you purchased your contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the loan
is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o   The amount of a loan to a participant, when combined with all other loans to
    the participant from all qualified plans of the employer, cannot exceed the
    lesser of:

(1) the greater of $10,000 or 50% of the participant's nonforfeitable accrued
    benefits; and

(2) $50,000 reduced by the excess (if any) of the highest outstand ing loan
    balance over the previous twelve months over the outstanding loan balance of
    plan loans on the date the loan was made.

o   In general, the term of the loan cannot exceed five years unless the loan is
    used to acquire the participant's primary residence. Accumulator(R)
    Select(SM) Rollover TSA contracts have a term limit of 10 years for loans
    used to acquire the participant's primary residence.

o   All principal and interest must be amortized in substantially level payments
    over the term of the loan, with payments being made at least quarterly. In
    very limited circumstances, the repayment obligation may be temporarily
    suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o   the loan does not qualify under the conditions above;

o   the participant fails to repay the interest or principal when due; or

o   in some instances, the participant separates from service with the employer
    who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as a
distribution. For purposes of calculating any subsequent loans which may be made
under any plan of the same employer, a defaulted loan which has not been fully
repaid is treated as still outstanding, even after the default is reported to
the IRS on Form 1099-R. The amount treated as still outstanding (which limits
subsequent loans) includes interest accruing on the unpaid balance.


See Appendix VII later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.

TAX-DEFERRED ROLLOVERS AND DIRECT TRANSFERS. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.


You may roll over a distribution from a TSA to any of the following: a qualified
plan, a governmental employer 457(b) plan (separate accounting required) or a
traditional IRA. A spousal beneficiary may also roll over death benefits as
above. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period of
10 years or more, hardship withdrawals and required minimum distributions under
federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling 90-24
are not distributions.

REQUIRED MINIMUM DISTRIBUTIONS

Generally the same as traditional IRA with these differences:

WHEN YOU HAVE TO TAKE THE FIRST REQUIRED MINIMUM DISTRIBUTION. The minimum
distribution rules force TSA participants to start calculating and taking annual
distributions from their TSAs by a required date. Generally, you must take the
first required minimum distribution for the calendar year in which you turn age
70-1/2. You may be able to

                                                             Tax information  79


delay the start of required minimum distributions for all or part of your
account balance until after age 70-1/2, as follows:

o   For TSA participants who have not retired from service with the employer who
    provided the funds for the TSA by the calendar year the participant turns
    age 70-1/2, the required beginning date for minimum distributions is
    extended to April 1 following the calendar year of retirement.

o   TSA plan participants may also delay the start of required mini mum
    distributions to age 75 of the portion of their account value attributable
    to their December 31, 1986, TSA account balance, even if retired at age
    70-1/2. We will know whether or not you qualify for this exception because
    it will only apply to people who establish their Accumulator(R) Select(SM)
    Rollover TSA by direct Revenue Ruling 90-24 transfers. If you do not give us
    the amount of your December 31, 1986, account balance that is being
    transferred to the Accumulator(R) Select(SM) Rollover TSA on the form used
    to establish the TSA, you do not qualify.

SPOUSAL CONSENT RULES

This will only apply to you if you establish your Accumulator(R) Select(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell us
on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for the
life of the spouse in an amount not less than one-half of the amount payable to
the annuitant during his or her lifetime. In addition, if you are married, the
beneficiary must be your spouse, unless your spouse consents in writing to the
designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments will
be made to your surviving spouse in the form of a life annuity unless at the
time of your death a contrary election was in effect. However, your surviving
spouse may elect, before payments begin, to receive payments in any form
permitted under the terms of the TSA contract and the plan of the employer who
provided the funds for the TSA.

EARLY DISTRIBUTION PENALTY TAX

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the available
exceptions to the pre-age 59-1/2 penalty tax include distributions made:

o   on or after your death; or

o   because you are disabled (special federal income tax definition); or

o   to pay for certain extraordinary medical expenses (special federal income
    tax definition); or

o   in any form of payout after you have separated from service (only if the
    separation occurs during or after the calendar year you reach age 55); or

o   in a payout in the form of substantially equal periodic payments made at
    least annually over your life (or your life expectancy), or over the joint
    lives of you and your beneficiary (or your joint life expectancies) using an
    IRS-approved distribution method (only after you have separated from service
    at any age).

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable. The
rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this purpose.
You cannot elect out of withholding unless you provide us with your correct
Taxpayer Identification Number and a United States residence address. You cannot
elect out of withholding if we are sending the payment out of the United States.

You should note the following special situations:

o   We might have to withhold and/or report on amounts we pay under a free look
    or cancellation.

o   We are generally required to withhold on conversion rollovers of traditional
    IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
    and is taxable.

o   We are required to withhold on the gross amount of a distribu tion from a
    Roth IRA to the extent it is reasonable for us to believe that a
    distribution is includable in your gross income. This may result in tax
    being withheld even though the Roth IRA distribution is ultimately not
    taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States citizens
residing outside the United States. We do not discuss these rules here in
detail. However we may require additional documentation in the case of payments
made to non United States persons and United States persons living abroad prior
to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state or
any required forms, call our processing office at the toll-free number.

80  Tax information


FEDERAL INCOME TAX WITHHOLDING ON PERIODIC ANNUITY PAYMENTS

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective unless
and until you revoke it. You may revoke or change your withholding election at
anytime.


FEDERAL INCOME TAX WITHHOLDING ON NON-PERIODIC ANNUITY PAYMENTS (WITHDRAWALS)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from a
qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

MANDATORY WITHHOLDING FROM TSA AND QUALIFIED PLAN DISTRIBUTIONS

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o   any distributions which are required minimum distributions after age 70-1/2
    or retirement from service with the employer; or

o   substantially equal periodic payments made at least annually for your life
    (or life expectancy) or the joint lives (or joint life expectancies) of you
    and your designated beneficiary; or

o   substantially equal periodic payments made for a specified period of 10
    years or more; or

o   hardship withdrawals; or

o   corrective distributions that fit specified technical tax rules; or

o   loans that are treated as distributions; or

o   a death benefit payment to a beneficiary who is not your surviv ing spouse;
    or

o   a qualified domestic relations order distribution to a beneficiary who is
    not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

                                                             Tax information  81


8. More information

- --------------------------------------------------------------------------------

ABOUT OUR SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account's operations are accounted
for without regard to AXA Equitable's other operations. The amount of some of
our obligations under the contracts is based on the assets in Separate Account
No. 49. However, the obligations themselves are obligations of AXA Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate Account
No. 49. Although Separate Account No. 49 is registered, the SEC does not monitor
the activity of Separate Account No. 49 on a daily basis. AXA Equitable is not
required to register, and is not registered, as an investment company under the
Investment Company Act of 1940.

Each subaccount (variable investment option) within Separate Account No. 49
invests solely in class B/B shares issued by the corresponding portfolio of its
Trust.

We reserve the right subject to compliance with laws that apply:

(1) to add variable investment options to, or to remove variable investment
    options from the Separate Account or to add other separate accounts;

(2) to combine any two or more variable investment options;

(3) to transfer the assets we determine to be the shares of the class of
    contracts to which the contracts belong from any variable investment option
    to another variable investment option;

(4) to operate the Separate Account or any variable investment option as a
    management investment company under the Investment Company Act of 1940 (in
    which case, charges and expenses that otherwise would be assessed against an
    underlying mutual fund would be assessed against the Separate Account or a
    variable investment option directly);

(5) to deregister the Separate Account under the Investment Company Act of 1940;

(6) to restrict or eliminate any voting rights as to the Separate Account;

(7) to cause one or more variable investment options to invest some or all of
    their assets in one or more other trusts or investment companies; and

(8) to unilaterally change your contract in order to comply with any applicable
    laws and regulations, including but not limited to changes in the Internal
    Revenue Code, in Treasury regulations or in published rulings of the
    Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling its
shares. All dividends and other distributions on Trust shares are reinvested in
full. The Board of Trustees of the Trusts may establish additional portfolios or
eliminate existing portfolios at any time. More detailed information about each
Trust, its portfolio investment objectives, policies, restrictions, risks,
expenses, its Rule 12b-1 Plan and other aspects of its operations, appears in
the prospectuses for each Trust which generally accompany this Prospectus, or in
their respective SAIs which are available upon request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:





- --------------------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th               Rate to                  Price
 Maturity Date of           Maturity as of           Per $100 of
   Maturity Year          February 15, 2007         Maturity Value
- --------------------------------------------------------------------------------
                                                 
        2008                     3.30%                 $96.81
        2009                     3.34%                 $93.63
        2010                     3.39%                 $90.47
        2011                     3.48%                 $87.20
        2012                     3.58%                 $83.86
        2013                     3.65%                 $80.63
        2014                     3.72%                 $77.42
        2015                     3.76%                 $74.42
- --------------------------------------------------------------------------------



82  More information





- --------------------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th               Rate to                  Price
 Maturity Date of           Maturity as of           Per $100 of
   Maturity Year          February 15, 2007         Maturity Value
- --------------------------------------------------------------------------------
                                                 
        2016                     3.84%                 $71.22
        2017                     3.89%                 $68.25
- --------------------------------------------------------------------------------



HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw all of your value from a fixed
maturity option before its maturity date.


(1) We determine the market adjusted amount on the date of the withdrawal as
    follows:

    (a) We determine the fixed maturity amount that would be payable on the
        maturity date, using the rate to maturity for the fixed maturity option.

    (b) We determine the period remaining in your fixed maturity option (based
        on the withdrawal date) and convert it to fractional years based on a
        365-day year. For example, three years and 12 days becomes 3.0329.

    (c) We determine the current rate to maturity for your FMO based on the rate
        for a new FMO issued on the same date and having the same maturity date
        as your FMO; if the same maturity date is not available for new FMOs, we
        determine a rate that is between the rates for new FMO maturities that
        immediately precede and immediately follow your FMOs maturity date.

    (d) We determine the present value of the fixed maturity amount payable at
        the maturity date, using the period determined in (b) and the rate
        determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3) We subtract (2) from the result in (1)(d). The result is the market value
    adjustment applicable to such fixed maturity option, which may be positive
    or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment that
would have applied if you had withdrawn the entire value in that fixed maturity
option. This percentage is equal to the percentage of the value in the fixed
maturity option that you are withdrawing. See Appendix II at the end of this
Prospectus for an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) above would
apply, we will use the rate at the next closest maturity date. If we are no
longer offering new fixed maturity option, the "current rate to maturity" will
be determined by using a widely-published Index. We reserve the right to add up
to 0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held in
this separate account. We may, subject to state law that applies, transfer all
assets allocated to the separate account to our general account. We guarantee
all benefits relating to your value in the fixed maturity options, regardless of
whether assets supporting fixed maturity options are held in a separate account
or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including corporate
bonds, mortgage-backed and asset-backed securities, and government and agency
issues having durations in the aggregate consistent with those of the fixed
maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the contracts,
we are not obligated to invest those assets according to any particular plan
except as we may be required to by state insurance laws. We will not determine
the rates to maturity we establish by the performance of the nonunitized
separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and fixed maturity
options, as well as our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations of
all jurisdictions where we are authorized to do business. Interests under the
contracts in the general account have not been registered and are not required
to be registered under the Securities Act of 1933 because of exemptions and
exclusionary provisions that apply. The general account is not required to
register as an investment company under the Investment Company Act of 1940 and
it is not registered as an investment company under the Investment Company Act
of 1940. The market value adjustment interests under the contracts, which are
held in a separate account, are issued by AXA Equitable and are registered under
the Securities Act of 1933. The contract is a "covered security" under the
federal securities laws.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

                                                            More information  83


ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire orders
not accompanied by complete information may be retained as described under "How
you can make your contributions" under "Contract features and benefits" earlier
in this Prospectus.

Even if we accept the wire order and essential information, a contract generally
will not be issued until we receive and accept a properly completed application.
In certain cases we may issue a contract based on information provided through
certain broker-dealers with which we have established electronic facilities. In
any such cases, you must sign our Acknowledgement of Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed application
and have issued the contract. Where we issue a contract based on information
provided through electronic facilities, we require an Acknowledgement of Receipt
form, and financial transactions are only permitted if you request them in
writing, sign the request and have it signature guaranteed, until we receive the
signed Acknowledgement of Receipt form. After your contract has been issued,
additional contributions may be transmitted by wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be transmitted
by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution into
an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, Inherited IRA Beneficiary Continuation
(traditional IRA or Roth IRA) or Rollover TSA contracts, nor is it available
with GPB Option 2. Please see Appendix VII later in this Prospectus to see if
the automatic investment program is available in your state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all the
required information unless another date applies as indicated below.

o   If your contribution, transfer or any other transaction request, containing
    all the required information, reaches us on a non-business day or after 4:00
    p.m. on a business day, we will use the next business day.

o   A loan request under your Rollover TSA contract will be processed on the
    first business day of the month following the date on which the properly
    completed loan request form is received.

o   If your transaction is set to occur on the same day of the month as the
    contract date and that date is the 29th, 30th or 31st of the month, then the
    transaction will occur on the 1st day of the next month.

o   When a charge is to be deducted on a contract date anniversary that is a
    non-business day, we will deduct the charge on the next business day.


o   If we have entered into an agreement with your broker-dealer for automated
    processing of contributions upon receipt of customer order, your
    contribution will be considered received at the time your broker-dealer
    receives your contribution and all information needed to process your
    application, along with any required documents, and transmits your order to
    us in accordance with our processing procedures. Such arrangements may apply
    to initial contributions, subsequent contributions, or both, and may be
    commenced or terminated at any time without prior notice. If required by
    law, the "closing time" for such orders will be earlier than 4:00 p.m.,
    Eastern Time.


CONTRIBUTIONS AND TRANSFERS


o   Contributions allocated to the variable investment options are invested at
    the unit value next determined after the receipt of the contribution.


84  More information


o   Contributions allocated to the guaranteed interest option will receive the
    crediting rate in effect on that business day for the specified time period.

o   Contributions allocated to a fixed maturity option will receive the rate to
    maturity in effect for that fixed maturity option on that business day
    (unless a rate lock-in is applicable).


o   Transfers to or from variable investment options will be made at the unit
    value next determined after the receipt of the transfer request.


o   Transfers to a fixed maturity option will be based on the rate to maturity
    in effect for that fixed maturity option on the business day of the
    transfer.

o   Transfers to the guaranteed interest option will receive the crediting rate
    in effect on that business day for the specified time period.

o   For the interest sweep option, the first monthly transfer will occur on the
    last business day of the month following the month that we receive your
    election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o   the election of trustees; or

o   the formal approval of independent public accounting firms selected for each
    Trust; or

o   any other matters described in each prospectus for the Trusts or requiring a
    shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is taken.
If we do not receive instructions in time from all contract owners, we will vote
the shares of a portfolio for which no instructions have been received in the
same proportion as we vote shares of that portfolio for which we have received
instructions. We will also vote any shares that we are entitled to vote directly
because of amounts we have in a portfolio in the same proportions that contract
owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do not
foresee any disadvantages to our policyowners arising out of these arrangements.
However, the Board of Trustees or Directors of each Trust intends to monitor
events to identify any material irreconcilable conflicts that may arise and to
determine what action, if any, should be taken in response. If we believe that a
Board's response insufficiently protects our policyowners, we will see to it
that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS


If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount of
reserves we are holding for that annuity in a variable investment option divided
by the annuity unit value for that option. We will cast votes attributable to
any amounts we have in the variable investment options in the same proportion as
votes cast by contract owners. One result of proportional voting is that a small
number of contract owners may control the outcome of a vote.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect to
a contract owner's interest in Separate Account No. 49, nor would any of these
proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distributions of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the consolidated
financial statements of AXA Equitable, are in the SAI. The SAI is available free
of charge. You may request one by writing to our processing office or calling
1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity payments
begin. We will continue to treat you as the owner until we receive written
notification of any change at our processing office. You cannot assign your NQ
contract as collateral or security for a loan. Loans are also not available
under your NQ contract. In some cases, an assignment or change of ownership may
have adverse tax consequences. See "Tax information" earlier in this Prospectus.


For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, Protection
Plus(SM) death benefit, Guaranteed principal benefit option 2, and/or the
Principal Protector(SM) ("Benefit"), generally the Benefit will automatically
terminate if you change ownership of the contract or if you assign the owner's
right to change the beneficiary or person to whom annuity payments will be made.
If you are an existing contract owner, this restriction may not apply to you.
See Appendix VIII later in this Prospectus for more information. However, the
Benefit will not terminate if the ownership of the contract is transferred to:
(i) a family member (as defined in the contract); (ii) a trust created for the
benefit of a family member or members; (iii) a trust qualified under


                                                            More information  85


section 501(c) of the Internal Revenue Code; or (iv) a successor by operation of
law, such as an executor or guardian. Please speak with your financial
professional for further information. See Appendix VII later in this Prospectus
for any state variations with regard to terminating any benefits under your
contract.


You cannot assign or transfer ownership of Rollover IRA, Roth Conversion IRA or
Rollover TSA contract except by surrender to us. If your individual retirement
annuity contract is held in your custodial individual retirement account, you
may only assign or transfer ownership of such an IRA contract to yourself. Loans
are not available (except for Rollover TSA contracts) and you cannot assign
Rollover IRA, Roth Conversion IRA or Rollover TSA contracts as security for a
loan or other obligation. If the employer that provided the funds does not
restrict them, loans are available under a Rollover TSA contract.

For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA or Rollover TSA contract to another similar arrangement under
federal income tax rules.

ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue to
rely on this authorization until it receives your written notification at its
processing office that you have withdrawn this authorization. AXA Equitable may
change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of disruptive
transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and AXA
Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are registered
with the SEC as broker-dealers and are members of the National Association of
Securities Dealers, Inc. ("NASD"). Both broker-dealers also act as distributors
for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and will
generally not exceed 8.50% of total contributions. AXA Advisors, in turn, may
pay a portion of the contribution-based compensation received from AXA Equitable
on the sale of a contract to the AXA Advisors financial professional and/or
Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing annual
compensation of up to 1.00% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the total
compensation that would otherwise be paid on the basis of contributions alone.
The contribution-based and asset-based compensation paid by AXA Advisors varies
among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 2.00% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also receives
compensation and reimbursement for its marketing services under the terms of its
distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their behalf.
The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Select(SM) on a company and/or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or


86  More information



other support services, including some that may benefit the contract owner.
Payments may be based on the amount of assets or purchase payments attributable
to contracts sold through a Selling broker-dealer or, in the case of conference
support, such payments may be a fixed amount. The Distributors may also make
fixed payments to Selling broker-dealers in connection with the initiation of a
new relationship or the introduction of a new product. These payments may serve
as an incentive for Selling broker-dealers to promote the sale of particular
products. Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more information
about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated insurance
trusts, the Distributors or their affiliates may also receive other payments
from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments known
as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can vary
in amount based on the applicable product and/or entity or individual involved.
As with any incentive, such payments may cause the financial professional to
show preference in recommending the purchase or sale of AXA Equitable products.
However, under applicable rules of the NASD, AXA Advisors may only recommend to
you products that they reasonably believe are suitable for you based on facts
that you have disclosed as to your other security holdings, financial situation
and needs. In making any recommendation, financial professionals of AXA Advisors
may nonetheless face conflicts of interest because of the differences in
compensation from one product category to another, and because of differences in
compensation between products in the same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such as
stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made will
be in compliance with all applicable NASD rules and other laws and regulations.


                                                            More information  87



9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by accessing
the SEC's website at www.sec.gov. The public may obtain information on the
operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
Under the Securities Act of 1933, the Company has filed with the SEC a
registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for additional
information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports of
KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person to
whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


88  Incorporation of certain documents by reference


Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.70%.


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- ---------------------------------------------------------------------------------------------------------------------------
                                                                             For the years ending December 31,
                                                                 ----------------------------------------------------------
                                                                    2006        2005        2004        2003        2002
- ---------------------------------------------------------------------------------------------------------------------------
                                                                                                   
AXA Aggressive Allocation
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  14.43     $ 12.45     $ 11.72     $ 10.66          --
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            3,109       1,519         656          32          --
- ---------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  11.31     $ 10.82     $ 10.74     $ 10.30          --
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            1,800       1,000         281           1          --
- ---------------------------------------------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  11.96     $ 11.19     $ 11.02     $ 10.41          --
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            3,022       2,176         414          84          --
- ---------------------------------------------------------------------------------------------------------------------------
AXA Moderate Allocation
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  46.21     $ 42.61     $ 41.36     $ 38.70     $ 33.05
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            2,325       1,725         893         383          86
- ---------------------------------------------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  13.82     $ 12.28     $ 11.71     $ 10.66          --
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)           14,705       6,917       2,788          46          --
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Aggressive Equity
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  55.37     $ 53.59     $ 50.38     $ 45.72     $ 33.82
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               47          25          28          10           4
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Core Bond
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  11.30     $ 11.08     $ 11.07     $ 10.84     $ 10.63
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            2,030       1,611       1,424       1,202         628
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Health Care
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  11.87     $ 11.49     $ 10.93     $  9.91     $  7.87
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              400         338         284         143          57
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP High Yield
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  30.26     $ 28.00     $ 27.64     $ 25.87     $ 21.48
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              758         755         771         557         125
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP International Equity
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  16.64     $ 13.51     $ 11.90     $ 10.27     $  7.78
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            1,030         783         806         360         135
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Core Equity
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  12.11     $ 10.85     $ 10.34     $  9.59     $  7.61
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              453         353         272         238         104
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Growth
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $   9.47     $  9.62     $  9.10     $  8.68     $  6.76
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            1,014         980         876         792         408
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Large Cap Value
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  14.10     $ 12.02     $ 11.42     $ 10.15     $  7.88
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            1,363       1,238       1,242         726         316
- ---------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Mid Cap Growth
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                      $  10.74     $  9.96     $  9.35     $  8.52     $  6.18
- ---------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)            1,035       1,075       1,055         731         292
- ---------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-1



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- -------------------------------------------------------------------------------------------------------------------------------
                                                                                  For the years ending December 31,
                                                                 ----------------------------------------------------------
                                                                         2006        2005        2004        2003       2002
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                       
AXA Premier VIP Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 13.68    $  12.13     $  11.49    $  10.15   $   7.34
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                  1010         876        1,011         560        206
- -------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 10.41    $   9.87     $   9.02    $   8.74   $   5.64
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   350         311          306          98         14
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $239.37    $ 219.99     $ 214.55    $ 191.26   $ 130.09
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                    73          73           64          29          9
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Growth and Income
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 32.85    $  28.19     $  27.18    $  24.60   $  19.19
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   563         618          549         371        133
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Intermediate Government Securities
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 17.92    $  17.67     $  17.76    $  17.72   $  17.65
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   376         481          416         458        259
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein International
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 17.67    $  14.55     $  12.84    $  11.05   $   8.32
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                 1,508       1,037          649         530        142
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $  6.80    $   6.96     $   6.16    $   5.78   $   4.77
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                 1,042       1,055          981         856        341
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Quality Bond
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 15.63    $  15.31     $  15.27    $  14.97   $  14.71
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   590         573          555         512        198
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Small Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 17.56    $  16.39     $  14.95    $  13.34   $   9.63
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   462         372          312         478        121
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Value
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 17.38    $  14.57     $  14.06    $  12.60   $   9.96
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                 2,507       2,363        2,169       1,481        530
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Ariel Appreciation II
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 11.31    $  10.35           --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   123          40           --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AXA Rosenberg Value Long/Short Equity
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 10.91    $  10.94           --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   429         784           --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Boston Advisors Equity Income
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $  6.59    $   5.78     $   5.54          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   504         326           15          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $  8.81    $   8.51     $   7.96    $   7.82   $   6.22
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   353         314          204         249         42
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Growth
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 12.67    $  12.00     $  11.62    $  11.20   $   9.19
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                 1,484         351          160         164         40
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 14.13    $  12.06     $  10.47    $   9.38   $   7.19
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                 3,208       2,337        1,926       1,026        282
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                            $ 12.72    $  11.55     $  11.08    $  10.16   $   7.86
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                 1,393       1,585        1,200         776        200
- -------------------------------------------------------------------------------------------------------------------------------



A-2 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- -------------------------------------------------------------------------------------------------------------------------------
                                                                                    For the years ending December 31,
                                                                         ------------------------------------------------------
                                                                          2006        2005         2004        2003       2002
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                         
EQ/Capital Guardian U. S. Equity
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 12.24     $ 11.33     $ 10.87     $ 10.12    $  7.55
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   2,611       2,349       2,037       1,222        345
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Caywood-Scholl High Yield Bond
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 11.01     $ 10.37          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     225          81          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Davis New York Venture
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 10.84          --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     216          --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Equity 500 Index
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 28.64     $ 25.31     $ 24.66     $ 22.76    $ 18.11
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   1,418       1,604       1,386       1,074        399
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen International Bond
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $  9.90     $  9.74          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     185           8          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Evergreen Omega
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $  8.67     $  8.33     $  8.15     $  7.75    $  5.70
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     215         280         377         218         32
- -------------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 12.57     $ 11.47     $ 10.97     $  9.62    $  6.81
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   1,890       1,556       1,391         883        285
- -------------------------------------------------------------------------------------------------------------------------------
EQ/FI Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 16.96     $ 15.34     $ 14.02     $ 12.10    $  9.24
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   1,156       1,107       1,007         636        237
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Income
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 10.42          --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     368          --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 10.81          --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                      38          --          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Mergers and Acquisitions
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 11.56     $ 10.48          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     193          77          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO Small Company Value
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 25.76     $ 22.05     $ 21.50          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     233          79           9          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/International Growth
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 14.17     $ 11.47          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     269          56          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Janus Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $  6.22     $  6.26     $  5.93     $  5.38    $  4.35
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     886         788          70         561        192
- -------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Core Bond
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 13.88     $ 13.57     $ 13.50     $ 13.20    $ 12.99
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                   1,477       1,527       1,343       1,175        441
- -------------------------------------------------------------------------------------------------------------------------------
EQ/JPMorgan Value Opportunities
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 15.53     $ 13.12     $ 12.84     $ 11.78    $  9.45
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     351         347         370         307        128
- -------------------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                              $ 11.17     $ 10.63          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                     532         144          --          --         --
- -------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-3




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.





- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                    -------------------------------------------------------------
                                                                     2006         2005          2004          2003         2002
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                                           
EQ/Long Term Bond
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $ 9.98      $  9.98            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               135          173            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Growth and Income
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $12.18      $ 10.57            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               308           83            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Large Cap Core
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $11.67      $ 10.54            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               196           84            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Lord Abbett Mid Cap Value
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $12.29      $ 11.12            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               591          290            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Marsico Focus
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $16.13      $ 15.01       $ 13.79       $ 12.69      $  9.85
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             2,714        2,354         1,938         1,510          386
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury Basic Value Equity
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $23.37      $ 19.66       $ 19.43       $ 17.87      $ 13.86
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               856          849           802           502          184
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Mercury International Value
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $22.13      $ 17.91       $ 16.44       $ 13.75      $ 10.92
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              1052          782           522           441          161
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Emerging Growth Companies
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $14.58      $ 13.76       $ 12.84       $ 11.60      $  9.12
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               192          184           149            93           38
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $10.28      $  9.26       $  8.79       $  8.03      $  6.69
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               510          603           610           598          229
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Money Market
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $26.86      $ 26.15       $ 25.92       $ 26.17      $ 26.47
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              1102          845           349           434          630
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Montag & Caldwell Growth
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $ 4.77      $  4.49       $  4.34            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                83           72            22            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Mutual Shares
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $10.70           --            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               258           --            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Global
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $11.08           --            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                83           --            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Opportunity
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $10.92           --            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                20           --            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Small Cap
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $11.09           --            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                19           --            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO Real Return
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $ 9.78      $  9.91            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               730          286            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Short Duration Bond
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                         $10.17      $  9.96            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               202           60            --            --           --
- ---------------------------------------------------------------------------------------------------------------------------------



A-4 Appendix I: Condensed financial information



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                For the years ending December 31,
                                                                  ---------------------------------------------------------------
                                                                   2006          2005           2004          2003        2002
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                                         
EQ/Small Cap Value
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 19.05       $ 16.69       $ 16.22       $ 14.09     $ 10.43
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             1201           991           884           641         270
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Growth
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $  8.54       $  7.89       $  7.46            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              475           242            59            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Small Company Index
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 16.60       $ 14.35       $ 14.00       $ 12.10     $  8.44
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              744           596           575           449         122
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/TCW Equity
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 15.46       $ 16.39       $ 16.03            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)               47            41             6            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Templeton Growth
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 10.75            --            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              178            --            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/UBS Growth and Income
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $  6.07       $  5.41       $  5.05            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              104            69            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Comstock
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 11.85       $ 10.40            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              602           296            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Emerging Markets Equity
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 18.23       $ 13.53       $ 10.37       $  8.53     $  5.56
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)             1239           755           609           457          69
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Van Kampen Mid Cap Growth
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 13.26       $ 12.34            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              297           179            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/Wells Fargo Montgomery Small Cap
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 14.12       $ 11.86       $ 11.36            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              147            --             1            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II
- ---------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                       $ 22.83       $ 16.87            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)              660           410            --            --          --
- ---------------------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-5



Appendix II: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated on
February 15, 2007 to a fixed maturity option with a maturity date of February
15, 2015 (eight years later) at a hypothetical rate to maturity of 7.00%(h),
resulting in a maturity value of $171,882 on the maturity date. We further
assume that a withdrawal of $50,000 is made four years later on February 15,
2011(a)





- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                     Hypothetical assumed rate to maturity(j)
                                                                                                February 15, 2011
                                                                                    ---------------------------------------------
                                                                                              5.00%              9.00%
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                                        
 As of February 15, 2011 before withdrawal
- ---------------------------------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                               $141,389           $121,737
- ---------------------------------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                                $131,104           $131,104
- ---------------------------------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                                      $ 10,285           $ (9,367)
- ---------------------------------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- ---------------------------------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
- ---------------------------------------------------------------------------------------------------------------------------------
    [$50,000/(1)]                                                                           $  3,637           $ (3,847)
- ---------------------------------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)                 $ 46,363           $ 53,847
- ---------------------------------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                                   $ 91,389           $ 71,737
- ---------------------------------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                                        $ 84,741           $ 77,257
- ---------------------------------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                                       $111,099           $101,287
- ---------------------------------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:



 (a) Number of days from the withdrawal date to the maturity date = D = 1,461

 (b) Market adjusted amount is based on the following calculation:

         Maturity value               $171,882
         --------------       =    ------------------ where j is either 5% or 9%
         (1+j)((D/365))            (1+j)((1,461/365))

 (c) Fixed maturity amount is based on the following calculation:

         Maturity value                 $171,882
         --------------       =    ---------------------
         (1+h)((D/365))            (1+0.07)((1,461/365))

 (d) Maturity value is based on the following calculation:

      Fixed maturity amount        $84,741 or $77,257
      ---------------------   =    ---------------------
        (1+h)((D/365))             (1+0.07)((1,461/365))


B-1 Appendix II: Market value adjustment example




Appendix III: Enhanced death benefit example


- --------------------------------------------------------------------------------


The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected. The following illustrates the
enhanced death benefit calculation. Assuming $100,000 is allocated to the
variable investment options (with no allocation to the EQ/Alliance Intermediate
Government Securities, EQ/Money Market, EQ/Short Duration Bond, the guaranteed
interest option or the fixed maturity options or the Special 10 year fixed
maturity option), no additional contributions, no transfers, no withdrawals and
no loans under a Rollover TSA contract, the enhanced death benefit for an
annuitant age 45 would be calculated as follows:

- --------------------------------------------------------------------------------
   End of                      6% Roll-Up to age 85     Annual ratchet to age 85
 contract                           enhanced                    enhanced
   year      Account value      death benefit(1)              death benefit
- --------------------------------------------------------------------------------
     1        $105,000             $106,000(1)               $105,000(3)
- --------------------------------------------------------------------------------
     2        $115,500             $112,360(2)               $115,500(3)
- --------------------------------------------------------------------------------
     3        $129,360             $119,102(2)               $129,360(3)
- --------------------------------------------------------------------------------
     4        $103,488             $126,248(1)               $129,360(4)
- --------------------------------------------------------------------------------
     5        $113,837             $133,823(1)               $129,360(4)
- --------------------------------------------------------------------------------
     6        $127,497             $141,852(1)               $129,360(4)
- --------------------------------------------------------------------------------
     7        $127,497             $150,363(1)               $129,360(4)
- --------------------------------------------------------------------------------

The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%. We
are using these rates solely to illustrate how the benefit is determined. The
return rates bear no relationship to past or future investment results.

6% ROLL-UP TO AGE 85

(1) At the end of contract year 1, and again at the end of contract years 4
    through 7, the death benefit will be the enhanced death benefit.

(2) At the end of contract years 2 and 3, the death benefit will be the current
    account value since it is higher than the current enhanced death benefit.

ANNUAL RATCHET TO AGE 85

(3) At the end of contract years 1 through 3, the enhanced death benefit is the
    current account value.

(4) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to or
    higher than the current account value.

GREATER OF 6% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
ratchet to age 85 or the current account value.*

*   At the end of contract years 4 through 7, the death benefit will be the
    enhanced death benefit. At the end of contract years 1 through 3, the death
    benefit will be the current account value.


                                Appendix III: Enhanced death benefit example C-1



Appendix IV: Hypothetical illustrations

- --------------------------------------------------------------------------------

       ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED
                                MINIMUM BENEFITS

The following tables illustrate the changes in account value, cash value and the
values of the "Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85"
Guaranteed minimum death benefit, the Protection Plus(SM) benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) Select(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single $100,000 contribution
and takes no withdrawals. The amounts shown are for the beginning of each
contract year and assume that all of the account value is invested in portfolios
that achieve investment returns at constant gross annual rates of 0% and 6%
(i.e., before any investment management fees, 12b-1 fees or other expenses are
deducted from the underlying portfolio assets). After the deduction of the
arithmetic average of the investment management fees, 12b-1 fees and other
expenses of all of the underlying Portfolios (as described below), the
corresponding net annual rates of return would be (3.01)%, 2.99% for the
Accumulator(R) Select(SM) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges but they do not reflect the charges we deduct from your
account value annually for the optional Guaranteed minimum death benefit,
Protection Plus(SM) benefit and the Guaranteed minimum income benefit features,
as well as the annual administrative charge. If the net annual rates of return
did reflect these charges, the net annual rates of return would be lower;
however, the values shown in the following tables reflect the following contract
charges: the "Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85"
Guaranteed minimum death benefit charge, the Protection Plus(SM) benefit charge,
the Guaranteed minimum income benefit charge and any applicable administrative
charge. The values shown under "Lifetime annual guaranteed minimum income
benefit" reflect the lifetime income that would be guaranteed if the Guaranteed
minimum income benefit is selected at that contract date anniversary. An "N/A"
in these columns indicates that the benefit is not exercisable in that year. A
"0" under any of the death benefit and/or "Lifetime annual guaranteed minimum
income benefit" columns indicates that the contract has terminated due to
insufficient account value. However, the Guaranteed minimum income benefit has
been automatically exercised and the owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed average
asset charge for all other expenses of the underlying portfolios equivalent to
an effective annual rate of 0.37% and (3) 12b-1 fees equivalent to an effective
annual rate of 0.25%. These rates are the arithmetic average for all portfolios
that are available as investment options. In other words, they are based on the
hypothetical assumption that account values are allocated equally among the
variable investment options. The actual rates associated with any contract will
vary depending upon the actual allocation of policy values among the investment
options. These rates do not reflect expense limitation arrangements in effect
with respect to certain of the underlying portfolios as described in the
footnotes to the fee table for the underlying portfolios in "Fee Table" earlier
in this prospectus. With these arrangements, the charges shown above would be
lower. This would result in higher values than those shown in the following
tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

D-1 Appendix IV: Hypothetical illustrations


Variable deferred annuity
Accumulator(R) Select(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85 Guaranteed
    minimum death benefit
  Protection Plus
  Guaranteed minimum income benefit





                                                       Greater of 6% Roll-                                Lifetime Annual
                                                       Up to age 85 or the                       Guaranteed Minimum Income Benefit
                                                        Annual Ratchet to    Total Death Benefit ---------------------------------
                                                        age 85 Guaranteed      with Protection      Guaranteed      Hypothetical
                Account Value         Cash Value      Minimum Benefit Death         Plus              Income            Income
     Contract -----------------   -----------------   ---------------------  ------------------- ----------------   --------------
Age    Year      0%        6%        0%        6%          0%          6%        0%       6%         0%     6%        0%     6%
     -------- -------   -------   -------   -------     -------    -------    -------   ------    -------  ------   ------   -----
                                                                                      
 60     1     100,000   100,000   100,000   100,000     100,000    100,000    100,000   100,000      N/A     N/A       N/A     N/A
 61     2      95,326   101,305    95,326   101,305     106,000    106,000    108,400   108,400      N/A     N/A       N/A     N/A
 62     3      90,728   102,564    90,728   102,564     112,360    112,360    117,304   117,304      N/A     N/A       N/A     N/A
 63     4      86,200   103,772    86,200   103,772     119,102    119,102    126,742   126,742      N/A     N/A       N/A     N/A
 64     5      81,735   104,923    81,735   104,923     126,248    126,248    136,747   136,747      N/A     N/A       N/A     N/A
 65     6      77,325   106,009    77,325   106,009     133,823    133,823    147,352   147,352      N/A     N/A       N/A     N/A
 66     7      72,962   107,023    72,962   107,023     141,852    141,852    158,593   158,593      N/A     N/A       N/A     N/A
 67     8      68,638   107,958    68,638   107,958     150,363    150,363    170,508   170,508      N/A     N/A       N/A     N/A
 68     9      64,347   108,804    64,347   108,804     159,385    159,385    183,139   183,139      N/A     N/A       N/A     N/A
 69    10      60,080   109,554    60,080   109,554     168,948    168,948    196,527   196,527      N/A     N/A       N/A     N/A
 74    15      38,763   111,475    38,763   111,475     226,090    226,090    276,527   276,527    14,266  14,266    14,266  14,266
 79    20      16,695   109,178    16,695   109,178     302,560    302,560    383,584   383,584    20,393  20,393    20,393  20,393
 84    25           0   100,560         0   100,560           0    404,893          0   493,179         0  34,821         0  34,821
 89    30           0    97,829         0    97,829           0    429,187          0   517,472      N/A     N/A       N/A     N/A
 94    35           0    97,815         0    97,815           0    429,187          0   517,472      N/A     N/A       N/A     N/A
 95    36           0    97,812         0    97,812           0    429,187          0   517,472      N/A     N/A       N/A     N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for individual
contract years. We can make no representation that these hypothetical investment
results can be achieved for any one year or continued over any period of time.
In fact, for any given period of time, the investment results could be negative.

                                     Appendix IV: Hypothetical illustrations D-2



Appendix V: Guaranteed principal benefit example

- --------------------------------------------------------------------------------


For purposes of these examples, we assume that there is an initial contribution
of $100,000, made to the contract on February 15, 2007. We also assume that no
additional contributions, no transfers among options and no withdrawals from the
contract are made. For GPB Option 1, the example also assumes that a 10 year
fixed maturity option is chosen. The hypothetical gross rates of return with
respect to amounts allocated to the variable investment options are 0%, 6% and
10%. The numbers below reflect the deduction of all applicable separate account
and contract charges and also reflect the charge for GPB Option 2. Also, for any
given performance of your variable investment options, GPB Option 1 produces
higher account values than GPB Option 2 unless investment performance has been
significantly positive. The examples should not be considered a representation
of past or future expenses. Similarly, the annual rates of return assumed in the
example are not an estimate or guarantee of future investment performance.





- ----------------------------------------------------------------------------------------------------------------------
                                                                                                         Assuming 100%
                                                                                                          in variable
                                                     Assuming 100%       Under GPB       Under GPB         investment
                                                         in FMO           Option 1        Option 2          options
- ----------------------------------------------------------------------------------------------------------------------
                                                                                                
Amount allocated to FMO on February 15,
2007 based upon a 3.89% rate to maturity                100,000            68,250          40,000              --
- ----------------------------------------------------------------------------------------------------------------------
Initial account value allocated to the variable
investment options on February 15, 2007                    0               31,750          60,000           100,000
- ----------------------------------------------------------------------------------------------------------------------
Account value in the fixed maturity option on
February 15, 2017                                       146,512           100,000          58,605              0
- ----------------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of
the applicable fixed maturity option plus the
value of amounts in the variable investment
options on February 15, 2017, assuming a 0%
gross rate of return)                                   146,512           123,389         100,000*           73,666
- ----------------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of
the applicable fixed maturity option plus the
value of amounts in the variable investment
options on February 15, 2017, assuming a 6%
gross rate of return)                                   146,512           142,628        132,467**          134,261
- ----------------------------------------------------------------------------------------------------------------------
Annuity account value (computed by adding
together the value at the maturity date of
the applicable fixed maturity option plus the
value of amounts in the variable investment
options on February 15, 2017, assuming a
10% gross rate of return)                               146,512           162,399        167,481**          196,531
- ----------------------------------------------------------------------------------------------------------------------



*   Since the annuity account value is less than the alternate benefit under GPB
    Option 2, the annuity account value is adjusted upward to the guaranteed
    amount or an increase of $3,358 in this example

**  Since the annuity account value is greater than the alternate benefit under
    GPB Option 2, GPB Option 2 will not affect the annuity account value.

E-1 Appendix V: Guaranteed principal benefit example


Appendix VI: Protection Plus(SM) example

- --------------------------------------------------------------------------------


The following illustrates the calculation of a death benefit that includes
Protection Plus for an annuitant age 45. The example assumes a contribution of
$100,000 and no additional contributions. Where noted, a single withdrawal in
the amount shown is also assumed. If you purchased your contract after
approximately September 2003, the example shown in the second and third columns
apply. For all other contract owners, the example in the last two columns apply.
The calculation is as follows:






                                                                                                      $3000           $6000
                                                                                                    withdrawal -   withdrawal -
                                                               No          $3000         $6000        Prorata        Prorata
                                                           Withdrawal    withdrawal    withdrawal    Treatment      Treatment
    ---------------------------------------------------------------------------------------------------------------------------
                                                                                        
A   Initial Contribution                                     100,000      100,000       100,000      100,000        100,000
    ---------------------------------------------------------------------------------------------------------------------------
B   Death Benefit: prior to withdrawal.*                     104,000      104,000       104,000      104,000        104,000
    ---------------------------------------------------------------------------------------------------------------------------
    Protection Plus Earnings: Death Benefit less net
C   contributions (prior to the withdrawal in D).             4,000        4,000         4,000         N/A            N/A
    B minus A.
    ---------------------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                  0          3,000         6,000        3,000          6,000
    ---------------------------------------------------------------------------------------------------------------------------
    Withdrawal % as a % of AV (assuming Death
E   Benefit = AV)                                             0.00%         N/A           N/A         2.88%          5.77%
    greater of D divided by B
    ---------------------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Protection Plus
F   earnings                                                    0            0           2,000         N/A            N/A
    greater of D minus C or zero
    ---------------------------------------------------------------------------------------------------------------------------
    Net Contributions (adjusted for the withdrawal in D)
G   A reduced for E or F                                     100,000      100,000       98,000        97,115        94,231
    ---------------------------------------------------------------------------------------------------------------------------
    Death Benefit (adjusted for the withdrawal in D)
H   B minus D                                                104,000      101,000       98,000       101,000        98,000
    ---------------------------------------------------------------------------------------------------------------------------
    Death Benefit less Net Contributions
I   H minus G                                                 4,000        1,000           0          3,885          3,769
    ---------------------------------------------------------------------------------------------------------------------------
J   Protection Plus Factor                                     40%          40%           40%          40%            40%
    ---------------------------------------------------------------------------------------------------------------------------
    Protection Plus Benefit
K   I times J                                                 1,600         400            0          1,554          1,508
    ---------------------------------------------------------------------------------------------------------------------------
    Death Benefit: Including Protection Plus
L   H plus K                                                 105,600      101,400       98,000       102,554        99,508
    ---------------------------------------------------------------------------------------------------------------------------



*   The Death Benefit is the greater of the Account Value or any applicable
    death benefit.

                                    Appendix VI: Protection Plus(SM) example F-1


Appendix VII: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------


The following information is a summary of the states where the Accumulator(R)
Select(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus. Please note that this may
not be a complete list and the availability of features and benefits are subject
to state approval and approval may be pending in your state. Additionally,
certain features and/or benefits may have been approved in your state after your
contract was issued and can not be added. Please contact your financial
professional for more information about availability in your state. See also the
"Contract Variations" appendix later in this Prospectus for information about
the availability of certain features and their charges, if applicable, under
your contract.


STATES WHERE CERTAIN ACCUMULATOR(R) SELECT(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:




- -----------------------------------------------------------------------------------------------------------------------------------
 State          Features and Benefits                                     Availability or Variation
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                    
CALIFORNIA      See "Contract features and benefits"--"Your right to      If you reside in the state of California and you are
                cancel within a certain number of days"                   age 60 and older at the time the contract is issued,
                                                                          you may return your vari- able annuity contract within
                                                                          30 days from the date that you receive it and receive a
                                                                          refund as described below.

                                                                          If you allocate your entire initial contribution to the
                                                                          money mar- ket account (and/or guaranteed interest
                                                                          option, if available), the amount of your refund will
                                                                          be equal to your contribution less interest, unless you
                                                                          make a transfer, in which case the amount of your
                                                                          refund will be equal to your account value on the date
                                                                          we receive your request to cancel at our processing
                                                                          office. This amount could be less than your initial
                                                                          contribution. If you allo- cate any portion of your
                                                                          initial contribution to the variable investment options
                                                                          (other than the money market account) and/or fixed
                                                                          maturity options, your refund will be equal to your
                                                                          account value on the date we receive your request to
                                                                          cancel at our processing office.
- -----------------------------------------------------------------------------------------------------------------------------------
FLORIDA         See "Transfers of ownership, collateral assignments,      The second paragraph in this section is deleted.
                loans and borrowing" in "More information"
- -----------------------------------------------------------------------------------------------------------------------------------
ILLINOIS        See "Selecting an annuity payout option" under "Your      Annuity payments may be elected twelve months from the
                annuity payout options" in "Accessing your money"         contract date.
- -----------------------------------------------------------------------------------------------------------------------------------
MARYLAND        Fixed maturity options                                    Not Available

                Guaranteed principal benefit option1 and Guaranteed       Not Available
                principal benefit option 2
- -----------------------------------------------------------------------------------------------------------------------------------
MASSACHUSETTS   Automatic investment program                              Not Available

                Annual administrative charge                              The annual administrative charge will not be deducted
                                                                          from amounts allocated to the Guaranteed interest option.
- -----------------------------------------------------------------------------------------------------------------------------------
NEW YORK        Greater of the 6% Roll-Up or Annual Ratchet Guaran-       Not Available (you have a choice of the standard death
                teed minimum death benefit                                benefit or the Annual Ratchet to age 85 guaranteed
                                                                          minimum death benefit), as described earlier in this
                                                                          Prospectus.

                Guaranteed minimum death benefit/guaranteed mini-         Not Available
                mum income benefit roll-up benefit base reset

                Guaranteed minimum income benefit no lapse guar-          Not Available
                antee

                Principal Protector(SM)                                   Not Available

                Protection Plus(SM)                                       Not Available
- -----------------------------------------------------------------------------------------------------------------------------------


G-1 Appendix VII: State contract availability and/or variations of certain
features and benefits






- -----------------------------------------------------------------------------------------------------------------------------------
 State       Features and Benefits                                    Availability or Variation
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                
NEW YORK,   See "Insufficient account value" in "Determining your     If your account value in the variable investment
CONTINUED   contract's value"                                         options and the fixed maturity options is insufficient
                                                                      to pay the annual adminis- trative charge, or either
                                                                      enhanced death benefit charge, and you have no account
                                                                      value in the guaranteed interest option, your contract
                                                                      will terminate without value, and you will lose any
                                                                      appli- cable benefits. See "Charges and expenses"
                                                                      earlier in this Prospectus.

            See "The amount applied to purchase an annuity            The amount applied to purchase an annuity payout option
            payout option" in "Accessing your money"                  varies, depending on the payout option that you choose,
                                                                      and the timing of your purchase as it relates to any
                                                                      market value adjustments. The income provided, however,
                                                                      will never be less than what would be provided by
                                                                      applying the account value to the guaran- teed annuity
                                                                      purchase factors.

            See "Charges and expenses"                                With regard to the Annual administrative, either
                                                                      enhanced death benefit, Guaranteed principal benefit
                                                                      option 2 and Guaranteed minimum income benefit charges,
                                                                      respectively, we will deduct the related charge, as
                                                                      follows for each: we will deduct the charge from your
                                                                      value in the variable investment options on a pro rata
                                                                      basis. If those amounts are insufficient, we will
                                                                      deduct all or a portion of the charge from the fixed
                                                                      maturity options (other than the Special 10 year fixed
                                                                      maturity option) in the order of the earliest maturity
                                                                      date(s) first. If such amounts are still insufficient,
                                                                      we will deduct any remaining portion from the Special
                                                                      10 year fixed maturity option. If the contract is
                                                                      surrendered or annuitized or a death benefit is paid,
                                                                      we will deduct a pro rata portion of the charge for
                                                                      that year. A market value adjustment will apply to
                                                                      deductions from the fixed maturity options (including
                                                                      the Special 10 year fixed maturity option).

                                                                      Deductions from the fixed maturity options (including
                                                                      the Special 10 year fixed maturity option) cannot cause
                                                                      the credited net interest for the contract year to fall
                                                                      below 1.5%.

                                                                      With regard to the Annual administrative, and either
                                                                      enhanced death benefit charge only, if your account
                                                                      value in the variable investment options and the fixed
                                                                      maturity options is insufficient to pay the applicable
                                                                      charge, and you have no account value in the guaranteed
                                                                      interest option, your contract will terminate with- out
                                                                      value and you will lose any applicable guaranteed
                                                                      benefits. Please see "Insufficient account value" in
                                                                      "Determining your contract's value" earlier in this
                                                                      Prospectus.

            See "Annuity maturity date" in "Accessing your            The maturity date by which you must take a lump sum
            money"                                                    with- drawal or select an annuity payout option is as
                                                                      follows:

                                                                                         Maximum
                                                                      Issue age          Annuitization age
                                                                      ---------          -----------------
                                                                      0-80               90
                                                                      81                 91
                                                                      82                 92
                                                                      83                 93
                                                                      84                 94
                                                                      85                 95

                                                                      Please see this section earlier in this Prospectus for
                                                                      more information.
- -----------------------------------------------------------------------------------------------------------------------------------



                                Appendix VII: State contract availability and/or
                                 variations of certain features and benefits G-2





- -----------------------------------------------------------------------------------------------------------------------------------
 State         Features and Benefits                                     Availability or Variation
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                   
PENNSYLVANIA   Contribution age limitations                              If the annuitant was 0-75 at contract issue, the
                                                                         maximum contri- bution age is 85.

               See "Annuity maturity date" in "Accessing your money"     The maturity date by which you must take a lump sum
                                                                         with- drawal or select an annuity payout option is as
                                                                         follows:

                                                                                           Maximum
                                                                         Issue age         annuitization age
                                                                         ---------         -----------------
                                                                         0-75              85
                                                                         76                86
                                                                         77                87
                                                                         78-80             88
                                                                         81-85             90

               Loans under Rollover TSA contracts                        Taking a loan in excess of the Internal Revenue Code
                                                                         limits may result in adverse tax consequences. Please
                                                                         consult your tax adviser before taking a loan that
                                                                         exceeds the Internal Revenue Code limits.
- -----------------------------------------------------------------------------------------------------------------------------------
PUERTO RICO    IRA, Roth IRA, Inherited IRA, QP and Rollover TSA         Not Available
               contracts

               Beneficiary continuation option (IRA)                     Not Available
- -----------------------------------------------------------------------------------------------------------------------------------
TEXAS          See "Annual administrative charge" in "Charges and        The annual administrative charge will not be deducted
               expenses"                                                 from amounts allocated to the Guaranteed interest
                                                                         option.
- -----------------------------------------------------------------------------------------------------------------------------------
UTAH           See "Transfers of ownership, collateral assignments,      The second paragraph in this
                                                                         section is deleted.
               loans and borrowing" in "More information"
- -----------------------------------------------------------------------------------------------------------------------------------
VERMONT        Loans under Rollover TSA contracts                        Taking a loan in excess of the Internal Revenue Code
                                                                         limits may result in adverse tax consequences. Please
                                                                         consult your tax adviser before taking a loan that
                                                                         exceeds the Internal Revenue Code limits.
- -----------------------------------------------------------------------------------------------------------------------------------
WASHINGTON     Guaranteed interest option (for contracts issued from     Not Available
               approximately December 2004 to December 2006)

               Investment simplifier -- Fixed-dollar option and Inter-   Not Available
               est sweep option

               Fixed maturity options                                    Not Available

               Guaranteed Principal Benefit Options 1 and 2              Not Available

               Income Manager(SM) payout option                          Not Available

               Protection Plus(SM)                                       Not Available

               See "Guaranteed minimum death benefit" in "Con-           You have a choice of the standard death benefit, the
               tract features and benefits"                              Annual Ratchet to age 85 enhanced death benefit, or the
                                                                         Greater of 4% Roll-Up to age 85 or the Annual Ratchet
                                                                         to age 85 enhanced death benefit.

               See "Annual administrative charge" in "Charges and        The annual administrative charge will be deducted from
               expenses"                                                 the value in the variable investment options on a pro
                                                                         rata basis.
- -----------------------------------------------------------------------------------------------------------------------------------



G-3 Appendix VII: State contract availability and/or
variations of certain features and benefits



Appendix VIII: Contract Variations


- --------------------------------------------------------------------------------


You may be receiving this Prospectus as a current contract owner. If you are a
current contract owner, you should note that your contract's options, features
and charges may vary from what is described in this Prospectus depending on the
approximate date on which you purchased your contract. You may not change your
contract or its features after issue. This Appendix reflects contract variations
that differ from what is described in this Prospectus but may have been in
effect at the time your contract was issued. If you purchased your contract
during the "Approximate Time Period" below, the noted variation may apply to
you.

In addition, options and/or features may vary among states in light of
applicable regulations or state approvals. Any such state variations are
generally not included here but instead included in Appendix VII earlier in this
section. For more information about state variations applicable to you, as well
as particular features, charges and options available under your contract based
upon when you purchased it, please contact your financial professional and/or
refer to your contract.






- -----------------------------------------------------------------------------------------------------------------------------------
 Approximate Time Period        Feature/Benefit                              Variation
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                       
April 1, 2002 - April 4, 2002   Types of contracts                           QP defined contribution contracts were available.
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - May 2002           See "Transferring your account value" in     The fifth bullet is deleted in its entirety
                                "Transferring your money among investment
                                options"
- -----------------------------------------------------------------------------------------------------------------------------------
April 4, 2002 - June 2002       Owner and annuitant requirements             Non-Natural owners are not permitted.
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - November 2002      Inherited IRA beneficiary Continuation       Unavailable -- accordingly, all references in contract
                                                                             this Prospectus to "Inherited IRA beneficiary
                                                                             Continuation contract" are deleted in their entirety
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - February 2003      Guaranteed minimum income benefit            The fee for this benefit is 0.45%

                                Annual Ratchet to age 85                     The fee for this benefit is 0.20%

                                6% Roll-Up to age 85                         The fee for this benefit is 0.35%

                                The Greater of 6% Roll-Up to age 85 of the   The fee for this benefit is 0.45%
                                Annual Ratchet to age 85
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - September 2003     The guaranteed principal benefits            GPB 2 -- unavailable

                                                                             GPB 1 known as Principal assurance

                                                                             GPB 1 is available with both systematic and
                                                                             substantially equal withdrawals

                                                                             GPB 1 available with the Guaranteed minimum
                                                                             income benefit

                                Spousal protection                           Unavailable -- accordingly, all references in
                                                                             this Prospectus to "Spousal protection" are
                                                                             deleted in their entirety

                                Maximum contributions                        The maximum contributions permitted under all
                                                                             Accumulator series contracts with the same
                                                                             owner or annuitant is $1,500,000.

                                Guaranteed minimum death benefit maximum     84
                                issue age
- -----------------------------------------------------------------------------------------------------------------------------------



                                          Appendix VIII: Contract Variations H-1




- -----------------------------------------------------------------------------------------------------------------------------------
                                                                    
April 2002 - September 2003,                                              The maximum issue age for this benefit was 79.
continued                      Protection Plus
                                                                          For issue ages 71-79, the applicable death benefit will
                                                                          be multiplied by 25% In calculating the death benefit,
                                                                          contributions are decreased for withdrawals on a pro
                                                                          rata basis

                               Guaranteed option charges                  If the contract is surrendered or annuitized or the
                                                                          death benefit is paid on a date other than the contract
                                                                          date anniversary, we will not deduct a pro rata portion
                                                                          of the charge for any applicable guaranteed benefit

                               Withdrawals treated as surrenders          We will not treat a withdrawal that results in a cash
                                                                          value of less than $500 as a request for a surrender.
                                                                          We will not terminate your contract if you do not make
                                                                          contributions for three contract years.

                               Guaranteed minimum income benefit option   Subject to state availability, this option guarantees
                                                                          you a minimum amount of fixed income under your choice
                                                                          of a life annuity fixed payout option or an Income
                                                                          Manager(SM) level payment life with a period certain
                                                                          payout option

                                                                          Known as the Living Benefit

                               Systematic withdrawals                     Your systematic withdrawal may not exceed 1.20%
                                                                          (monthly), 3.60% (quarterly) or 15% (annually) of
                                                                          account value
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - July 2004         Principal Protector(SM) benefit            Unavailable - accordingly, all references in this
                                                                          Prospectus to "Principal Protector" are deleted in
                                                                          their entirety.
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - December 2004     Termination of guaranteed benefits         Your guaranteed benefits will not automatically terminate
                                                                          if you change ownership of your NQ contract.

                               Ownership Transfer of NQ                   If you transfer ownership of your NQ contract, your
                                                                          guaranteed benefit options will not be automatically
                                                                          terminated
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - January 2005      No lapse guarantee                         Unavailable.
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - October 2005      Roll-Up benefit base reset                 Unavailable
- -----------------------------------------------------------------------------------------------------------------------------------
April 2002 - current           Guaranteed interest option                 Your lifetime minimum interest rate is either 1.5%,
                                                                          2.25% or 3.0% (depending on the state and time where
                                                                          your contract was issued).

- -----------------------------------------------------------------------------------------------------------------------------------
March 2003 - September 2003    Annual Ratchet to age 85                   The fee for this benefit is 0.30%
                               6% Roll-Up to age 85                       The fee for this benefit is 0.45%
                               The Guaranteed minimum income benefit      The fee for this benefit is 0.60%
- -----------------------------------------------------------------------------------------------------------------------------------



H-2 Appendix VIII: Contract Variations





- -----------------------------------------------------------------------------------------------------------------------------------
                                                                    
September 2003 - January 2004   Guaranteed minimum income benefit and
                                Greater of the 6% Roll-Up to age 85 or the
                                Annual Ratchet to age 85 enhanced death
                                benefit:

                                o Benefit base crediting rate                    The effective annual interest credited to the
                                                                                 applicable benefit base is 5%.* Accordingly, all
                                                                                 references in this Prospectus to the "6% Roll-Up
                                                                                 benefit base" are deleted in their entirety and
                                                                                 replaced with "5% Roll-Up benefit base."

                                o Fee table                                      Greater of the 5% Roll-Up to age 85 or the Annual
                                                                                 Ratchet to age 85 enhanced death benefit charge:
                                                                                 0.50%.*

                                                                                 Guaranteed minimum income benefit charge: 0.55%*

                                Effect of withdrawals on your Greater of the     Withdrawals will reduce each of the benefit bases
                                5% Roll-Up to age 85 or the Annual Ratchet       on a pro rata basis only.
                                to age 85 enhanced death benefit
- -----------------------------------------------------------------------------------------------------------------------------------
September 2003 - present        6% Roll-Up to age 85 enhanced death benefit      Unavailable - accordingly all references are
                                                                                 deleted in their entirety.
- -----------------------------------------------------------------------------------------------------------------------------------
January 2004 - present          The Greater of the 5% Roll-Up to age 85 or       Unavailable - accordingly all references are
                                the Annual Ratchet to age 85 enhanced death      deleted in their entirety.
                                benefit
- -----------------------------------------------------------------------------------------------------------------------------------




*   Contract owners who elected the Guaranteed minimum income benefit and/or the
    Greater of the 5% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
    death benefit had a limited opportunity to change to the new versions of
    these benefits, as they are described in "Contract features and benefits"
    and "Accessing your money," earlier in this Prospectus.


                                          Appendix VIII: Contract Variations H-3



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                           Page


Who is AXA Equitable?                                                       2

Unit Values                                                                 2
Custodian and Independent Registered Public Accounting Firm                 2
Distribution of the Contracts                                               2

Financial Statements                                                        3


How to obtain an Accumulator(R) Select(SM) Statement of Additional Information
for Separate Account No. 49

Send this request form to:
   Accumulator(R) Select(SM)
   P.O. Box 1547
   Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me an Accumulator(R) Select(SM) SAI for Separate Account No. 49
dated May 1, 2007.



- --------------------------------------------------------------------------------
Name:


- --------------------------------------------------------------------------------
Address:


- --------------------------------------------------------------------------------
City                    State           Zip


                         Select '02, OR, '04, '06, Jumpstart '07 and '07 Series

                                                                          x01482




Accumulator(R) Select(SM)
A combination variable and fixed deferred annuity contract



PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing, or taking any
other action under your contract. You should read the prospectuses for each
Trust which contain important information about the portfolios.


- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) SELECT(SM)


Accumulator(R) Select(SM) is a deferred annuity contract issued by AXA EQUITABLE
LIFE INSURANCE COMPANY. It provides for the accumulation of retirement savings
and for income. The contract offers income and death benefit protection. It
also offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option or fixed maturity options ("investment options").
There is no withdrawal charge under the contract. Certain features and benefits
described in this Prospectus may vary in your state; all features and benefits
may not be available in all contracts, in all states or from all selling
broker-dealers. Please see Appendix VI later in this Prospectus for more
information on state availability and/or variations of certain features and
benefits.





- --------------------------------------------------------------------------------
 VARIABLE INVESTMENT OPTIONS
- --------------------------------------------------------------------------------
                                     
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------




(1) The "AXA Allocation" portfolios.

*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits" later in this Prospectus for the investment
    option's former name. ** This investment option will be available on or
    about May 29, 2007, subject to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information.

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this investment option.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust, or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.

You may also allocate amounts to the guaranteed interest option and the fixed
maturity options, which are discussed later in this Prospectus. If you elect
the Guaranteed withdrawal benefit for life or a Principal guarantee benefit,
your investment options will be limited to the guaranteed interest option and
certain permitted variable investment option(s). The permitted variable
investment options are described later in this Prospectus.


TYPES OF CONTRACTS. We offer the contracts for use as:

o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  An individual  retirement annuity ("IRA"),  either traditional IRA ("Rollover
   IRA") or Roth IRA ("Roth Conversion IRA").


o  Traditional  and  Roth  Inherited  IRA  beneficiary   continuation   contract
   ("Inherited   IRA")   (direct   transfer  and   specified   direct   rollover
   contributions only).


o  An Internal  Revenue Code Section  403(b)  Tax-Sheltered  Annuity  ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $25,000 is required to purchase a contract.



Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007 is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.



THE SEC HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR DETERMINED IF THIS
PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE. THE CONTRACTS ARE NOT INSURED BY THE FDIC OR ANY OTHER
AGENCY. THEY ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF ANY BANK AND ARE NOT BANK
GUARANTEED. THEY ARE SUBJECT TO INVESTMENT RISKS AND POSSIBLE LOSS OF
PRINCIPAL.


                                                        X01468/Select '06 Series

                                                                        (R-4/15)




Contents of this Prospectus
- --------------------------------------------------------------------------------
ACCUMULATOR(R) SELECT(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) Select(SM) at a glance -- key features                        9

- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     15
Condensed financial information                                             18



- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           19
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        19
Owner and annuitant requirements                                            21
How you can make your contributions                                         21
What are your investment options under the contract?                        21
Portfolios of the Trusts                                                    22
Allocating your contributions                                               28
Guaranteed minimum death benefit and
     Guaranteed minimum income benefit base                                 29
Annuity purchase factors                                                    31
Guaranteed minimum income benefit option                                    31
Guaranteed minimum death benefit                                            33
Guaranteed withdrawal benefit for life ("GWBL")                             34
Principal guarantee benefits                                                38
Inherited IRA beneficiary continuation contract                             38
Your right to cancel within a certain number of days                        39



- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        41
- --------------------------------------------------------------------------------
Your account value and cash value                                           41
Your contract's value in the variable investment options                    41
Your contract's value in the guaranteed interest option                     41
Your contract's value in the fixed maturity options                         41
Insufficient account value                                                  41



- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG
     INVESTMENT OPTIONS                                                     43
- --------------------------------------------------------------------------------
Transferring your account value                                             43
Disruptive transfer activity                                                43
Rebalancing your account value                                              44


- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

2  CONTENTS OF THIS PROSPECTUS




- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     46
- --------------------------------------------------------------------------------
Withdrawing your account value                                              46
How withdrawals are taken from your account value                           48
How withdrawals affect your Guaranteed minimum
     income benefit, Guaranteed minimum death benefit and
     Principal guarantee benefits                                           48
How withdrawals affect your GWBL and GWBL Guaranteed
     minimum death benefit                                                  48
Withdrawals treated as surrenders                                           48
Loans under Rollover TSA contracts                                          49
Surrendering your contract to receive its cash value                        49
When to expect payments                                                     50
Your annuity payout options                                                 50



- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     53
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          53
Charges that the Trusts deduct                                              55
Group or sponsored arrangements                                             55
Other distribution arrangements                                             55



- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 56
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     56
Beneficiary continuation option                                             58



- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          60
- --------------------------------------------------------------------------------
Overview                                                                    60
Buying a contract to fund a retirement arrangement                          60
Transfers among investment options                                          60
Taxation of nonqualified annuities                                          60
Individual retirement arrangements (IRAs)                                   62
Tax-sheltered annuity contracts (TSAs)                                      72
Federal and state income tax withholding and
     information reporting                                                  75
Impact of taxes to AXA Equitable                                            76

- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         77
- --------------------------------------------------------------------------------
About our Separate Account No. 49                                           77
About the Trusts                                                            77
About our fixed maturity options                                            77
About the general account                                                   78
About other methods of payment                                              78
Dates and prices at which contract events occur                             79
About your voting rights                                                    80
About legal proceedings                                                     80
Financial statements                                                        80
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          80

About Custodial IRAs                                                        81

Distribution of the contracts                                               81



- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          83
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
I   -- Condensed financial information                                     A-1
II  -- Market value adjustment example                                     B-1
III -- Enhanced death benefit example                                      C-1
IV  -- Hypothetical illustrations                                          D-1
V   -- Earnings enhancement benefit example                                E-1
VI  -- State contract availability and/or variations of certain
           features and benefits                                           F-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------



                                                  CONTENTS OF THIS PROSPECTUS  3




Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.



                                                                Page in
Term                                                          Prospectus
   6% Roll-Up to age 85                                               30
   12 month dollar cost averaging                                     28
   account value                                                      41
   administrative charge                                              53
   annual administrative charge                                       53
   Annual Ratchet                                                     36
   Annual Ratchet to age 85 enhanced death benefit                    30
   annuitant                                                          19
   annuitization                                                      50
   annuity maturity date                                              51
   annuity payout options                                             50
   annuity purchase factors                                           31
   automatic investment program                                       79
   AXA Allocation portfolios                                       cover
   beneficiary                                                        56
   Beneficiary continuation option ("BCO")                            58
   benefit base                                                       35
   business day                                                       79
   cash value                                                         41
   charges for state premium and other applicable taxes               55
   contract date                                                      21
   contract date anniversary                                          21
   contract year                                                      21
   contributions to Roth IRAs                                         69
     regular contributions                                            69
     rollovers and transfers                                          69
     conversion contributions                                         69
   contributions to traditional IRAs                                  63
     regular contributions                                            63
     rollovers and transfers                                          65
   disruptive transfer activity                                       43
   distribution charge                                                53
   Earnings enhancement benefit                                       34
   Earnings enhancement benefit charge                                54
   EQAccess                                                            7
   ERISA                                                              49
   Fixed-dollar option                                                29
   fixed maturity options                                             27
   free look                                                          39
   general account                                                    78
   general dollar cost averaging                                      29
   guaranteed interest option                                         27
   Guaranteed minimum death benefit                                   33
   Guaranteed minimum death benefit/guaranteed minimum
     income benefit roll-up benefit base reset option                 30

                                                                    Pages in
Term                                                              Prospectus
   Guaranteed minimum income benefit                                  31
   Guaranteed minimum income benefit charge                           54
   Guaranteed minimum income benefit "no lapse guarantee"             32
   Guaranteed withdrawal benefit for life                              9
   Guaranteed withdrawal benefit for life charge                      54
   IRA                                                             cover
   IRS                                                                60
   Inherited IRA                                                   cover
   investment options                                              cover
   Investment Simplifier                                              29
   Lifetime minimum distribution withdrawals                          47
   loan reserve account                                               49
   loans under Rollover TSA                                           49
   market adjusted amount                                             27
   market timing                                                      43
   maturity dates                                                     27
   market value adjustment                                            27
   maturity value                                                     27
   Mortality and expense risks charge                                 53
   NQ                                                              cover
   partial withdrawals                                                46
   permitted variable investment options                              21
   portfolio                                                       cover
   Principal guarantee benefits                                       38
   processing office                                                   7
   rate to maturity                                                   27
   Rebalancing                                                        44
   Rollover IRA                                                    cover
   Roth IRA                                                        cover
   SAI                                                             cover
   SEC                                                             cover
   self-directed allocation                                           28
   Separate Account No. 49                                            77
   Spousal continuation                                               57
   Standard death benefit                                             30
   substantially equal withdrawals                                    47
   Systematic withdrawals                                             46
   TOPS                                                                7
   Trusts                                                             77
   traditional IRA                                                 cover
   TSA                                                             cover
   unit                                                               41
   variable investment options                                        21
   wire transmittals and electronic applications                      78


To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract. Your financial professional can provide further explanation about
your contract or supplemental materials.





- -----------------------------------------------------------------------------------------------------------------
 PROSPECTUS                       CONTRACT OR SUPPLEMENTAL MATERIALS
- -----------------------------------------------------------------------------------------------------------------
                              
   fixed maturity options        Guarantee Periods (Guaranteed Fixed Interest Accounts in supplemental materials)
   variable investment options   Investment Funds
   account value                 Annuity Account Value
   rate to maturity              Guaranteed Rates
- -----------------------------------------------------------------------------------------------------------------


4 INDEX OF KEY WORDS AND PHRASES







- -----------------------------------------------------------------------------------------------------------------
 PROSPECTUS                                  CONTRACT OR SUPPLEMENTAL MATERIALS
- -----------------------------------------------------------------------------------------------------------------
                                         
   unit                                     Accumulation Unit
   Guaranteed minimum death benefit         Guaranteed death benefit
   Guaranteed minimum income benefit        Guaranteed Income Benefit
   guaranteed interest option               Guaranteed Interest Account
   Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
   GWBL benefit base                        Guaranteed withdrawal benefit for life benefit base
   Guaranteed annual withdrawal amount      Guaranteed withdrawal benefit for life Annual withdrawal amount
   GWBL Excess withdrawal                   Guaranteed withdrawal benefit for life Excess withdrawal
- -----------------------------------------------------------------------------------------------------------------


                                                INDEX OF KEY WORDS AND PHRASES 5




Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.



6  WHO IS AXA EQUITABLE?





HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.




- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
P.O. Box 13014
Newark, NJ 07188-0014



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
Accumulator(R) Select(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS DELIV-
 ERY:
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094



- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o  written confirmation of financial transactions;

o  statement of your contract values at the close of each calendar year, and any
   calendar quarter in which there was a transaction; and

o  annual statement of your contract values as of the close of the contract
   year, including notification of eligibility to exercise the Guaranteed
   minimum income benefit and/or the Roll-Up benefit base reset option.



- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o  your current account value;

o  your current allocation percentages;

o  the number of units you have in the variable investment options;

o  rates to maturity for the fixed maturity options (not available through
   EQAccess);

o  the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the investment
   options;

o  elect to receive certain contract statements electronically;

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors, you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or the Internet are genuine. For example, we will
require certain personal identification information before we will act on
telephone or Internet instructions and we will provide written confirmation of
your transfers. If we do not employ reasonable procedures to confirm the
genuineness of telephone or Internet instructions, we may be liable for any
losses arising out of any act or omission that constitutes negligence, lack of
good faith, or willful misconduct. In light of our procedures, we will not be
liable for following telephone or Internet instructions we reasonably believe
to be genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).


                                                        WHO IS AXA EQUITABLE?  7





- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern time.


WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts and
     contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;


(14) requests to reset your Roll-Up benefit base (for contracts that have both
     the Guaranteed minimum income benefit and the Greater of 6% Roll-Up to age
     85 or Annual Ratchet to age 85 enhanced death benefit);


(15) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(16) death claims;

(17) change in ownership (NQ only);

(18) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL"); and

(19) requests to reset the guaranteed minimum value for contracts with a
     Principal guarantee benefit.


WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6)  12 month dollar cost averaging.


TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  12 month dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.


SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners both must sign.



8  WHO IS AXA EQUITABLE?




Accumulator(R) Select(SM) at a glance -- key features




- ---------------------------------------------------------------------------------------------------------------------------
                       
PROFESSIONAL INVESTMENT   Accumulator(R) Select(SM)'s variable investment options invest in different portfolios managed by
MANAGEMENT                professional investment advisers.
- ---------------------------------------------------------------------------------------------------------------------------
FIXED MATURITY OPTIONS    o Fixed maturity options with maturities ranging from approximately 1 to 10 years (subject to
                            availability).
                          o Each fixed maturity option offers a guarantee of principal and interest rate if you hold it to
                            maturity.
                          -------------------------------------------------------------------------------------------------
                          If you make withdrawals or transfers from a fixed maturity option before maturity, there will be
                          a market value adjustment due to differences in interest rates. If you withdraw or transfer only
                          a portion of a fixed maturity amount, this may increase or decrease any value that you have left
                          in that fixed maturity option. If you surrender your contract, a market value adjustment also
                          applies.
- ---------------------------------------------------------------------------------------------------------------------------
GUARANTEED INTEREST       o Principal and interest guarantees.
OPTION                    o Principal and interest guarantees.
                          o Interest rates set periodically.
- ---------------------------------------------------------------------------------------------------------------------------
TAX CONSIDERATIONS        o  No tax on earnings inside the contract until you make withdrawals from your contract or
                             receive annuity payments.
                          o  No tax on transfers among investment options inside the contract.
                          -------------------------------------------------------------------------------------------------
                          If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA), or tax
                          sheltered annuity (TSA) you should be aware that such annuities do not provide tax deferral
                          benefits beyond those already provided by the Internal Revenue Code. Before purchasing one of these
                          annuities, you should consider whether its features and benefits beyond tax deferral meet your
                          needs and goals. You may also want to consider the relative features, benefits and costs of these
                          annuities compared with any other investment that you may use in connection with your retirement
                          plan or arrangement. Depending on your personal situation, the contract's guaranteed benefits may
                          have limited usefulness because of required minimum distributions ("RMDs").
- ---------------------------------------------------------------------------------------------------------------------------
GUARANTEED MINIMUM        The Guaranteed minimum income benefit provides income protection for you during your life once
INCOME BENEFIT            you elect to annuitize the contract.
- ---------------------------------------------------------------------------------------------------------------------------
GUARANTEED WITHDRAWAL     The Guaranteed withdrawal benefit for life option ("GWBL"), guarantees that you can take
BENEFIT FOR LIFE          withdrawals of up to a maximum amount each contract year (your "Guaranteed annual withdrawal
                          amount") beginning at age 45. Withdrawals are taken from your account value and continue during
                          your lifetime even if your account value falls to zero (unless it is caused by a withdrawal that
                          exceeds your Guaranteed annual withdrawal amount).
- ---------------------------------------------------------------------------------------------------------------------------
CONTRIBUTION AMOUNTS      o Initial minimum:      $25,000

                          o Additional minimum:   $500 (NQ and Rollover TSA)
                                                  $100 monthly and $300 quarterly under our automatic investment program
                                                  (NQ contracts)
                                                  $1,000 (Inherited IRA contracts)
                                                  $50 (IRA contracts)

                          Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                          ($500,000 for owners or annuitants who are age 81 and older at contract issue unless you elect
                          GWBL) under all Accumulator(R) series contracts with the same owner or annuitant. We reserve the
                          right to limit aggregate contributions made after the first contract year to 150% of first-year
                          contributions. See "How you can purchase and contribute to your contract" in "Contract features and
                          benefits" later in this Prospectus.
- ---------------------------------------------------------------------------------------------------------------------------
ACCESS TO YOUR MONEY      o Partial withdrawals

                          o Several withdrawal options on a periodic basis

                          o Loans under Rollover TSA contracts

                          o Contract surrender

                          o Maximum payment plan (only under contracts with GWBL)

                          o Customized payment plan (only under contracts with GWBL)

                          You may incur income tax and a tax penalty. Certain withdrawals will diminish the value of
                          optional benefits.
- ---------------------------------------------------------------------------------------------------------------------------



                         ACCUMULATOR(R) SELECT(SM) AT A GLANCE -- KEY FEATURES 9






- --------------------------------------------------------------------------------
                   
PAYOUT OPTIONS        o Fixed annuity payout options

                      o Variable Immediate Annuity payout options (described in
                        a separate prospectus for that option)

                      o Income Manager(SM) payout options (described in a
                        separate prospectus for that option)
- --------------------------------------------------------------------------------
ADDITIONAL FEATURES   o Guaranteed minimum death benefit options

                      o Principal guarantee benefits

                      o Dollar cost averaging

                      o Automatic investment program

                      o Account value rebalancing (quarterly, semiannually and
                        annually)

                      o Free transfers

                      o Earnings enhancement benefit, an optional death benefit
                        available under certain contracts

                      o Spousal continuation

                      o Beneficiary continuation option

                      o Guaranteed minimum death benefit/Guaranteed minimum
                        income benefit roll-up benefit base reset.
- --------------------------------------------------------------------------------
FEES AND CHARGES      Please see "Fee table" later in this section for complete
                      details.
- --------------------------------------------------------------------------------
Owner and annuitant   NQ: 0-85
issue ages            Rollover IRA, Roth Conversion
                      IRA and Rollover TSA: 20-85
                      Inherited IRA: 0-70
- --------------------------------------------------------------------------------


The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix VI later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional or call us, if you have questions. If for any reason you
are not satisfied with your contract, you may return it to us for a refund
within a certain number of days. Please see "Your right to cancel within a
certain number of days" later in this Prospectus for additional information.


Other contracts


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


10 Accumulator(R) Select(SM) at a glance -- key features



Fee table

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying and owning the contract. Each of the charges and expenses is more fully
described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay if you purchase a
Variable Immediate Annuity payout option. Charges designed to approximate
certain taxes that may be imposed on us, such as premium taxes in your state,
may also apply.





- ----------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain transactions
- ----------------------------------------------------------------------------------------
                                                                         
Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                       $350
- ----------------------------------------------------------------------------------------
The next table describes the fees and expenses that you will pay periodically during the
time that you own the contract, not including the underly-
ing trust portfolio fees and expenses.
- ----------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- ----------------------------------------------------------------------------------------
Maximum annual administrative charge(1)
   If your account value on a contract date anniversary is less than
   $50,000(2)                                                                $30
   If your account value on a contract date anniversary is $50,000
   or more                                                                   $0
- ----------------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual percentage
of daily net assets
SEPARATE ACCOUNT ANNUAL EXPENSES
Mortality and expense risks                                                  1.10%
Administrative                                                               0.25%
Distribution                                                                 0.35%
                                                                             ------
Total Separate account annual expenses                                       1.70%
- ---------------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect any of the following
optional benefits
- ----------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(1) on each
contract date anniversary for which the benefit is in effect.)
   Standard death benefit and GWBL Standard death benefit                    0.00%
   Annual Ratchet to age 85                                                  0.25%
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85               0.60%
   GWBL Enhanced death benefit                                               0.30%
- ----------------------------------------------------------------------------------------
Principal guarantee benefits charge (calculated as a percentage
of the account value. Deducted annually(1) on each contract date
anniversary for which the benefit is in effect.)
   100% Principal guarantee benefit                                          0.50%
   125% Principal guarantee benefit                                          0.75%
- ----------------------------------------------------------------------------------------
Guaranteed minimum income benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(1) on each
contract date anniversary for which the benefit is in effect.)               0.65%
- ----------------------------------------------------------------------------------------
Earnings enhancement benefit charge (calculated as a
percentage of the account value. Deducted annually(1) on each contract
date anniversary for which the benefit is in effect.)                        0.35%
- ----------------------------------------------------------------------------------------



                                                                    Fee table 11






- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Guaranteed withdrawal benefit for life benefit charge(1)                                   0.60% for the Single Life option
(calculated as a percentage of the GWBL benefit base. Deducted                             0.75% for the Joint Life option
annually on each contract date anniversary.)

If your GWBL benefit base ratchets, we reserve the right to increase                       0.75% for the Single Life option
your charge up to:                                                                         0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life" in "Contract features and benefits" for more information about this feature,
including its benefit base and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life benefit charge" in
"Charges and expenses," both later in this Prospectus.
- ----------------------------------------------------------------------------------------------------------------------------------
Net loan interest charge -- Rollover TSA contracts only                                    2.00%(3)
(calculated and deducted daily as a percentage of the outstanding loan
amount)
- ----------------------------------------------------------------------------------------------------------------------------------


You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.





- ----------------------------------------------------------------------------------------------------------------------------------
 Portfolio operating expenses expressed as an annual percentage of daily net assets
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or  ------     -------
other expenses)(4)                                                                 0.63%      3.15%




This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        Acquired
                                                                                       Fund Fees    Total
                                                                                          and       Annual               Net Total
                                                                                       Expenses    Expenses  Fee Waiv-    Annual
                                                                                       (Underly-   (Before  ers and/or   Expenses
                                                            Manage-            Other      ing       Expense   Expense     (After
                                                             ment     12b-1   Expenses  Portfo-     Limita-  Reimburse-   Expense
 Portfolio Name                                             Fees(5)   Fees(6)  (7)      lios)(8)    tions)    ments(9)  Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    
 AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.10%      0.25%     0.18%     0.91%       1.44%    (0.18)%    1.26%
AXA Conservative Allocation                               0.10%      0.25%     0.22%     0.67%       1.24%    (0.22)%    1.02%
AXA Conservative-Plus Allocation                          0.10%      0.25%     0.18%     0.72%       1.25%    (0.18)%    1.07%
AXA Moderate Allocation                                   0.10%      0.25%     0.17%     0.78%       1.30%    (0.17)%    1.13%
AXA Moderate-Plus Allocation                              0.10%      0.25%     0.17%     0.85%       1.37%    (0.17)%    1.20%
Multimanager Aggressive Equity*                           0.61%      0.25%     0.19%       --        1.05%       --      1.05%
Multimanager Core Bond*                                   0.59%      0.25%     0.18%       --        1.02%    (0.07)%    0.95%
Multimanager Health Care*                                 1.20%      0.25%     0.23%       --        1.68%     0.00%     1.68%
Multimanager High Yield*                                  0.58%      0.25%     0.18%       --        1.01%       --      1.01%
Multimanager International Equity*                        1.02%      0.25%     0.26%       --        1.53%     0.00%     1.53%
Multimanager Large Cap Core Equity*                       0.90%      0.25%     0.20%       --        1.35%     0.00%     1.35%
Multimanager Large Cap Growth*                            0.90%      0.25%     0.22%       --        1.37%    (0.02)%    1.35%
Multimanager Large Cap Value*                             0.88%      0.25%     0.22%       --        1.35%     0.00%     1.35%
Multimanager Mid Cap Growth*                              1.10%      0.25%     0.20%     0.01%       1.56%     0.00%     1.56%
Multimanager Mid Cap Value*                               1.10%      0.25%     0.21%     0.03%       1.59%     0.00%     1.59%
Multimanager Technology*                                  1.20%      0.25%     0.23%       --        1.68%     0.00%     1.68%
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%     0.13%       --        0.85%       --      0.85%
EQ/AllianceBernstein Growth and Income++                  0.56%      0.25%     0.12%       --        0.93%       --      0.93%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%     0.14%       --        0.89%       --      0.89%
EQ/AllianceBernstein International                        0.71%      0.25%     0.20%       --        1.16%    (0.06)%    1.10%
EQ/AllianceBernstein Large Cap Growth                     0.90%      0.25%     0.11%       --        1.26%    (0.21)%    1.05%
EQ/AllianceBernstein Quality Bond                         0.50%      0.25%     0.14%       --        0.89%       --      0.89%
EQ/AllianceBernstein Small Cap Growth                     0.74%      0.25%     0.13%       --        1.12%       --      1.12%
- ------------------------------------------------------------------------------------------------------------------------------------



12 Fee table




This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.




- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                 Acquired
                                                                                Fund Fees      Total
                                                                                   and       Annual                   Net Total
                                                                                 Expenses   Expenses    Fee Waiv-      Annual
                                                                                (Underly-    (Before   ers and/or     Expenses
                                              Manage-                              ing       Expense     Expense       (After
                                               ment       12b-1       Other      Portfo-     Limita-   Reimburse-     Expense
 Portfolio Name                               Fees(5)   Fees(6)   Expenses(7)    lios)(8)    tions)     ments(9)    Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 
EQ/AllianceBernstein Value                     0.60%      0.25%     0.13%           --        0.98%      (0.03)%      0.95%
EQ/Ariel Appreciation II                       0.75%      0.25%     0.51%           --        1.51%      (0.36)%      1.15%
EQ/AXA Rosenberg Value Long/Short Equity       1.40%      0.25%     1.44%           --        3.09%      (1.10)%      1.99%
EQ/BlackRock Basic Value Equity*               0.55%      0.25%     0.14%           --        0.94%       0.00%       0.94%
EQ/BlackRock International Value*              0.82%      0.25%     0.21%           --        1.28%      (0.03)%      1.25%
EQ/Boston Advisors Equity Income               0.75%      0.25%     0.15%           --        1.15%      (0.10)%      1.05%
EQ/Calvert Socially Responsible                0.65%      0.25%     0.25%           --        1.15%      (0.10)%      1.05%
EQ/Capital Guardian Growth                     0.65%      0.25%     0.16%           --        1.06%      (0.11)%      0.95%
EQ/Capital Guardian International+             0.83%      0.25%     0.21%           --        1.29%      (0.09)%      1.20%
EQ/Capital Guardian Research                   0.65%      0.25%     0.13%           --        1.03%      (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++              0.64%      0.25%     0.14%           --        1.03%      (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond              0.60%      0.25%     0.18%           --        1.03%      (0.03)%      1.00%
EQ/Davis New York Venture                      0.85%      0.25%     0.74%           --        1.84%      (0.54)%      1.30%
EQ/Equity 500 Index                            0.25%      0.25%     0.13%           --        0.63%         --        0.63%
EQ/Evergreen International Bond                0.70%      0.25%     0.23%           --        1.18%      (0.03)%      1.15%
EQ/Evergreen Omega                             0.65%      0.25%     0.21%           --        1.11%       0.00%       1.11%
EQ/FI Mid Cap                                  0.68%      0.25%     0.15%           --        1.08%      (0.08)%      1.00%
EQ/FI Mid Cap Value+                           0.73%      0.25%     0.13%           --        1.11%      (0.01)%      1.10%
EQ/Franklin Income                             0.90%      0.25%     0.38%           --        1.53%      (0.23)%      1.30%
EQ/Franklin Small Cap Value                    0.90%      0.25%     2.00%           --        3.15%      (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**      0.05%      0.25%     0.21%         1.07%       1.58%      (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions              0.90%      0.25%     0.33%           --        1.48%      (0.03)%      1.45%
EQ/GAMCO Small Company Value                   0.78%      0.25%     0.14%           --        1.17%       0.00%       1.17%
EQ/International Growth                        0.85%      0.25%     0.35%           --        1.45%       0.00%       1.45%
EQ/Janus Large Cap Growth++                    0.90%      0.25%     0.15%           --        1.30%      (0.15)%      1.15%
EQ/JPMorgan Core Bond                          0.44%      0.25%     0.15%           --        0.84%       0.00%       0.84%
EQ/JPMorgan Value Opportunities                0.60%      0.25%     0.16%           --        1.01%      (0.06)%      0.95%
EQ/Legg Mason Value Equity                     0.65%      0.25%     0.22%           --        1.12%      (0.12)%      1.00%
EQ/Long Term Bond                              0.43%      0.25%     0.15%           --        0.83%       0.00%       0.83%
EQ/Lord Abbett Growth and Income               0.65%      0.25%     0.26%           --        1.16%      (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core                  0.65%      0.25%     0.41%           --        1.31%      (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                   0.70%      0.25%     0.18%           --        1.13%      (0.08)%      1.05%
EQ/Marsico Focus                               0.85%      0.25%     0.13%           --        1.23%      (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+              0.65%      0.25%     0.15%           --        1.05%         --        1.05%
EQ/MFS Investors Trust+                        0.60%      0.25%     0.16%           --        1.01%      (0.06)%      0.95%
EQ/Money Market                                0.33%      0.25%     0.14%           --        0.72%         --        0.72%
EQ/Montag & Caldwell Growth                    0.75%      0.25%     0.16%           --        1.16%      (0.01)%      1.15%
EQ/Mutual Shares                               0.90%      0.25%     0.50%           --        1.65%      (0.35)%      1.30%
EQ/Oppenheimer Global                          0.95%      0.25%     1.30%         0.01%       2.51%      (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity         0.85%      0.25%     1.58%           --        2.68%      (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap           0.90%      0.25%     1.48%           --        2.63%      (1.33)%      1.30%
EQ/PIMCO Real Return                           0.55%      0.25%     0.18%           --        0.98%      (0.08)%      0.90%
EQ/Short Duration Bond                         0.43%      0.25%     0.14%           --        0.82%       0.00%       0.82%
EQ/Small Cap Value+                            0.73%      0.25%     0.15%           --        1.13%      (0.03)%      1.10%
EQ/Small Company Growth+                       1.00%      0.25%     0.17%           --        1.42%      (0.12)%      1.30%
EQ/Small Company Index                         0.25%      0.25%     0.16%         0.01%       0.67%       0.00%       0.67%
EQ/TCW Equity++                                0.80%      0.25%     0.16%           --        1.21%      (0.06)%      1.15%
EQ/Templeton Growth                            0.95%      0.25%     0.64%           --        1.84%      (0.49)%      1.35%
EQ/UBS Growth and Income                       0.75%      0.25%     0.17%           --        1.17%      (0.12)%      1.05%
EQ/Van Kampen Comstock                         0.65%      0.25%     0.19%           --        1.09%      (0.09)%      1.00%
EQ/Van Kampen Emerging Markets Equity          1.12%      0.25%     0.40%           --        1.77%       0.00%       1.77%
EQ/Van Kampen Mid Cap Growth                   0.70%      0.25%     0.23%           --        1.18%      (0.13)%      1.05%
EQ/Wells Fargo Montgomery Small Cap++          0.85%      0.25%     0.41%           --        1.51%      (0.21)%      1.30%
- ------------------------------------------------------------------------------------------------------------------------------------
 The Universal Institutional Funds, Inc.:
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++                 0.74%      0.35%     0.27%           --        1.36%      (0.10)%      1.26%
- ------------------------------------------------------------------------------------------------------------------------------------




*  This is the investment option's new name effective on or about May 29, 2007,
   subject to regulatory approval. Please see "Portfolios of the Trusts" in
   "Contract features and benefits" later in this Prospectus for the investment
   option's former name.


                                                                    Fee table 13





**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

Notes:

(1)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(2)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, if applicable,
     the charge is $30 for each contract year.

(3)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.

(4)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.

(5)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's Shareholders. See footnote (9) for any expense
     limitation agreement information.

(6)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940.

(7)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (9) for any expense limitation agreement
     information.

(8)  Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(9)  The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. Morgan
     Stanley Investment Management Inc., which does business in certain
     instances as "Van Kampen," is the manager of The Universal Institutional
     Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
     agreed to reduce its management fee and/or reimburse the Portfolio so that
     total annual operating expenses of the Portfolio (exclusive of investment
     related expenses, such as foreign country tax expense and interest expense
     on amounts borrowed) are not more than specified amounts. Additionally, the
     distributor of The Universal Institutional Funds, Inc. has agreed to waive
     a portion of the 12b-1 fee for Class II shares. Van Kampen and/or the
     fund's distributor reserves the right to terminate any waiver and/or
     reimbursement at any time without notice. See the prospectus for each
     applicable underlying Trust for more information about the arrangements. In
     addition, a portion of the brokerage commissions of certain Portfolios of
     AXA Premier VIP Trust and EQ Advisors Trust is used to reduce the
     applicable Portfolio's expenses. If the above table reflected both the
     expense limitation arrangements, plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:




- --------------------------------------------------
 Portfolio Name
- --------------------------------------------------
                                         
   Multimanager Aggressive Equity           1.03%
- --------------------------------------------------
   Multimanager Health Care                 1.63%
- --------------------------------------------------
   Multimanager International Equity        1.52%
- --------------------------------------------------
   Multimanager Large Cap Core Equity       1.33%
- --------------------------------------------------
   Multimanager Large Cap Growth            1.33%
- --------------------------------------------------
   Multimanager Large Cap Value             1.31%
- --------------------------------------------------
   Multimanager Mid Cap Growth              1.52%
- --------------------------------------------------
   Multimanager Mid Cap Value               1.58%
- --------------------------------------------------
   Multimanager Technology                  1.64%
- --------------------------------------------------
   EQ/AllianceBernstein Common Stock        0.83%
- --------------------------------------------------
   EQ/AllianceBernstein Growth and Income   0.92%
- --------------------------------------------------
   EQ/AllianceBernstein Large Cap Growth    1.03%
- --------------------------------------------------
   EQ/AllianceBernstein Small Cap Growth    1.11%
- --------------------------------------------------
   EQ/AllianceBernstein Value               0.94%
- --------------------------------------------------
   EQ/Ariel Appreciation II                 1.01%
- --------------------------------------------------
   EQ/BlackRock Basic Value Equity          0.93%
- --------------------------------------------------
   EQ/Capital Guardian Growth               0.94%
- --------------------------------------------------
   EQ/Capital Guardian Research             0.94%
- --------------------------------------------------
   EQ/Capital Guardian U.S. Equity          0.94%
- --------------------------------------------------
   EQ/Davis New York Venture                1.27%
- --------------------------------------------------
   EQ/Evergreen Omega                       1.05%
- --------------------------------------------------
   EQ/FI Mid Cap                            0.97%
- --------------------------------------------------
   EQ/FI Mid Cap Value                      1.09%
- --------------------------------------------------
   EQ/GAMCO Mergers and Acquisitions        1.37%
- --------------------------------------------------
   EQ/GAMCO Small Company Value             1.16%
- --------------------------------------------------
   EQ/Janus Large Cap Growth                1.14%
- --------------------------------------------------
   EQ/Legg Mason Value Equity               0.97%
- --------------------------------------------------
   EQ/Lord Abbett Growth and Income         0.99%
- --------------------------------------------------
   EQ/Lord Abbett Large Cap Core            0.99%
- --------------------------------------------------
   EQ/Marsico Focus                         1.14%
- -------------------------------------------------



14 Fee table







- --------------------------------------------------
 Portfolio Name
- --------------------------------------------------
                                        
   EQ/MFS Emerging Growth Companies        1.03%
- --------------------------------------------------
   EQ/MFS Investors Trust                  0.94%
- --------------------------------------------------
   EQ/Montag & Caldwell Growth             1.13%
- --------------------------------------------------
   EQ/Mutual Shares                        1.30%
- --------------------------------------------------
   EQ/Small Cap Value                      1.02%
- --------------------------------------------------
   EQ/UBS Growth and Income                1.03%
- --------------------------------------------------
   EQ/Van Kampen Comstock                  0.99%
- --------------------------------------------------
   EQ/Van Kampen Emerging Markets Equity   1.75%
- --------------------------------------------------
   EQ/Van Kampen Mid Cap Growth            1.01%
- --------------------------------------------------
   EQ/Wells Fargo Montgomery Small Cap     1.20%
- --------------------------------------------------



EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the greater of the 6%
Roll-Up to age 85 or the Annual Ratchet to age 85 and the Earnings enhancement
benefit with either the Guaranteed minimum income benefit or the 125% Principal
guarantee benefit) would pay in the situations illustrated. Each value in the
expense example was calculated with the Guaranteed minimum income benefit
except for the AXA Moderate Allocation portfolio. The AXA Moderate Allocation
portfolio is calculated with either the Guaranteed minimum income benefit or
the 125% Principal guarantee benefit depending on which benefit yielded the
higher expenses. The example uses an average annual administrative charge based
on the charges paid in 2006, which results in an estimated administrative
charge of .006% of contract value.


The fixed maturity options, guaranteed interest option and the 12 month dollar
cost averaging program are not covered by the example. However, the annual
administrative charge, the charge for any optional benefits and the charge if
you elect a Variable Immediate Annuity payout option do apply to the fixed
maturity options, guaranteed interest option and the 12 month dollar cost
averaging program. A market value adjustment (up or down) may apply as a result
of a withdrawal, transfer, or surrender of amounts from a fixed maturity
option.


The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:



                                                                    Fee table 15








- -----------------------------------------------------------------------------------------------------
                                                        If you annuitize at the end of the
                                                              applicable time period
- -----------------------------------------------------------------------------------------------------
 Portfolio Name                                 1 year      3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------
                                                                          
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                       N/A     $ 1,873.00     $ 2,929.00     $ 5,728.00
AXA Conservative Allocation                     N/A     $ 1,812.00     $ 2,832.00     $ 5,554.00
AXA Conservative-Plus Allocation                N/A     $ 1,815.00     $ 2,837.00     $ 5,563.00
AXA Moderate Allocation                         N/A     $ 1,846.00     $ 2,865.00     $ 5,607.00
AXA Moderate-Plus Allocation                    N/A     $ 1,852.00     $ 2,895.00     $ 5,668.00
Multimanager Aggressive Equity*                 N/A     $ 1,754.00     $ 2,739.00     $ 5,386.00
Multimanager Core Bond*                         N/A     $ 1,745.00     $ 2,724.00     $ 5,359.00
Multimanager Health Care*                       N/A     $ 1,945.00     $ 3,045.00     $ 5,932.00
Multimanager High Yield*                        N/A     $ 1,742.00     $ 2,719.00     $ 5,350.00
Multimanager International Equity*              N/A     $ 1,900.00     $ 2,973.00     $ 5,805.00
Multimanager Large Cap Core Equity*             N/A     $ 1,845.00     $ 2,886.00     $ 5,650.00
Multimanager Large Cap Growth*                  N/A     $ 1,852.00     $ 2,895.00     $ 5,668.00
Multimanager Large Cap Value*                   N/A     $ 1,845.00     $ 2,886.00     $ 5,650.00
Multimanager Mid Cap Growth*                    N/A     $ 1,909.00     $ 2,987.00     $ 5,830.00
Multimanager Mid Cap Value*                     N/A     $ 1,918.00     $ 3,002.00     $ 5,856.00
Multimanager Technology*                        N/A     $ 1,945.00     $ 3,045.00     $ 5,932.00
- -----------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 1,693.00     $ 2,639.00     $ 5,204.00
EQ/AllianceBernstein Growth and Income++        N/A     $ 1,717.00     $ 2,679.00     $ 5,277.00
EQ/AllianceBernstein Intermediate Government
 Securities                                     N/A     $ 1,705.00     $ 2,659.00     $ 5,241.00
EQ/AllianceBernstein International              N/A     $ 1,788.00     $ 2,793.00     $ 5,484.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 1,818.00     $ 2,842.00     $ 5,572.00
EQ/AllianceBernstein Quality Bond               N/A     $ 1,705.00     $ 2,659.00     $ 5,241.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 1,775.00     $ 2,773.00     $ 5,448.00
EQ/AllianceBernstein Value                      N/A     $ 1,733.00     $ 2,704.00     $ 5,323.00
EQ/Ariel Appreciation II                        N/A     $ 1,894.00     $ 2,963.00     $ 5,788.00
EQ/AXA Rosenberg Value Long/Short Equity        N/A     $ 2,364.00     $ 3,701.00     $ 7,027.00
EQ/BlackRock Basic Value Equity*                N/A     $ 1,720.00     $ 2,684.00     $ 5,286.00
EQ/BlackRock International Value*               N/A     $ 1,824.00     $ 2,851.00     $ 5,589.00
EQ/Boston Advisors Equity Income                N/A     $ 1,785.00     $ 2,788.00     $ 5,475.00
EQ/Calvert Socially Responsible                 N/A     $ 1,785.00     $ 2,788.00     $ 5,475.00
EQ/Capital Guardian Growth                      N/A     $ 1,757.00     $ 2,743.00     $ 5,394.00
EQ/Capital Guardian International+              N/A     $ 1,827.00     $ 2,856.00     $ 5,598.00
EQ/Capital Guardian Research                    N/A     $ 1,748.00     $ 2,729.00     $ 5,368.00
EQ/Capital Guardian U.S. Equity++               N/A     $ 1,748.00     $ 2,729.00     $ 5,368.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 1,748.00     $ 2,729.00     $ 5,368.00
EQ/Davis New York Venture                       N/A     $ 1,994.00     $ 3,122.00     $ 6,065.00
EQ/Equity 500 Index                             N/A     $ 1,625.00     $ 2,529.00     $ 5,001.00
EQ/Evergreen International Bond                 N/A     $ 1,794.00     $ 2,802.00     $ 5,501.00
EQ/Evergreen Omega                              N/A     $ 1,772.00     $ 2,768.00     $ 5,439.00
EQ/FI Mid Cap                                   N/A     $ 1,763.00     $ 2,753.00     $ 5,412.00
EQ/FI Mid Cap Value+                            N/A     $ 1,772.00     $ 2,768.00     $ 5,439.00
EQ/Franklin Income                              N/A     $ 1,900.00     $ 2,973.00     $ 5,805.00
EQ/Franklin Small Cap Value                     N/A     $ 2,382.00     $ 3,728.00     $ 7,070.00
EQ/Franklin Templeton Founding Strategy**       N/A     $ 1,915.00     $ 2,997.00     $ 5,847.00
EQ/GAMCO Mergers and Acquisitions               N/A     $ 1,885.00     $ 2,949.00     $ 5,762.00
EQ/GAMCO Small Company Value                    N/A     $ 1,791.00     $ 2,798.00     $ 5,492.00
EQ/International Growth                         N/A     $ 1,876.00     $ 2,934.00     $ 5,737.00
EQ/Janus Large Cap Growth++                     N/A     $ 1,830.00     $ 2,861.00     $ 5,607.00
EQ/JPMorgan Core Bond                           N/A     $ 1,690.00     $ 2,634.00     $ 5,195.00
EQ/JPMorgan Value Opportunities                 N/A     $ 1,742.00     $ 2,719.00     $ 5,350.00
EQ/Legg Mason Value Equity                      N/A     $ 1,775.00     $ 2,773.00     $ 5,448.00
EQ/Long Term Bond                               N/A     $ 1,687.00     $ 2,629.00     $ 5,186.00
EQ/Lord Abbett Growth and Income                N/A     $ 1,788.00     $ 2,793.00     $ 5,484.00
EQ/Lord Abbett Large Cap Core                   N/A     $ 1,833.00     $ 2,866.00     $ 5,615.00
EQ/Lord Abbett Mid Cap Value                    N/A     $ 1,778.00     $ 2,778.00     $ 5,457.00
EQ/Marsico Focus                                N/A     $ 1,809.00     $ 2,827.00     $ 5,545.00
EQ/MFS Emerging Growth Companies+               N/A     $ 1,754.00     $ 2,739.00     $ 5,386.00
- -----------------------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------
                                                If you surrender or do not surrender your contract at
                                                        the end of the applicable time period
- -----------------------------------------------------------------------------------------------------
 Portfolio Name                                   1 year       3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------------
                                                                             
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 500.00     $ 1,523.00     $ 2,579.00     $ 5,378.00
AXA Conservative Allocation                   $ 479.00     $ 1,462.00     $ 2,482.00     $ 5,204.00
AXA Conservative-Plus Allocation              $ 480.00     $ 1,465.00     $ 2,487.00     $ 5,213.00
AXA Moderate Allocation                       $ 495.00     $ 1,496.00     $ 2,515.00     $ 5,257.00
AXA Moderate-Plus Allocation                  $ 492.00     $ 1,502.00     $ 2,545.00     $ 5,318.00
Multimanager Aggressive Equity*               $ 459.00     $ 1,404.00     $ 2,389.00     $ 5,036.00
Multimanager Core Bond*                       $ 455.00     $ 1,395.00     $ 2,374.00     $ 5,009.00
Multimanager Health Care*                     $ 525.00     $ 1,595.00     $ 2,695.00     $ 5,582.00
Multimanager High Yield*                      $ 454.00     $ 1,392.00     $ 2,369.00     $ 5,000.00
Multimanager International Equity*            $ 509.00     $ 1,550.00     $ 2,623.00     $ 5,455.00
Multimanager Large Cap Core Equity*           $ 490.00     $ 1,495.00     $ 2,536.00     $ 5,300.00
Multimanager Large Cap Growth*                $ 492.00     $ 1,502.00     $ 2,545.00     $ 5,318.00
Multimanager Large Cap Value*                 $ 490.00     $ 1,495.00     $ 2,536.00     $ 5,300.00
Multimanager Mid Cap Growth*                  $ 512.00     $ 1,559.00     $ 2,637.00     $ 5,480.00
Multimanager Mid Cap Value*                   $ 515.00     $ 1,568.00     $ 2,652.00     $ 5,506.00
Multimanager Technology*                      $ 525.00     $ 1,595.00     $ 2,695.00     $ 5,582.00
- -----------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 438.00     $ 1,343.00     $ 2,289.00     $ 4,854.00
EQ/AllianceBernstein Growth and Income++      $ 446.00     $ 1,367.00     $ 2,329.00     $ 4,927.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 442.00     $ 1,355.00     $ 2,309.00     $ 4,891.00
EQ/AllianceBernstein International            $ 470.00     $ 1,438.00     $ 2,443.00     $ 5,134.00
EQ/AllianceBernstein Large Cap Growth         $ 481.00     $ 1,468.00     $ 2,492.00     $ 5,222.00
EQ/AllianceBernstein Quality Bond             $ 442.00     $ 1,355.00     $ 2,309.00     $ 4,891.00
EQ/AllianceBernstein Small Cap Growth         $ 466.00     $ 1,425.00     $ 2,423.00     $ 5,098.00
EQ/AllianceBernstein Value                    $ 451.00     $ 1,383.00     $ 2,354.00     $ 4,973.00
EQ/Ariel Appreciation II                      $ 507.00     $ 1,544.00     $ 2,613.00     $ 5,438.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 673.00     $ 2,014.00     $ 3,351.00     $ 6,677.00
EQ/BlackRock Basic Value Equity*              $ 447.00     $ 1,370.00     $ 2,334.00     $ 4,936.00
EQ/BlackRock International Value*             $ 483.00     $ 1,474.00     $ 2,501.00     $ 5,239.00
EQ/Boston Advisors Equity Income              $ 469.00     $ 1,435.00     $ 2,438.00     $ 5,125.00
EQ/Calvert Socially Responsible               $ 469.00     $ 1,435.00     $ 2,438.00     $ 5,125.00
EQ/Capital Guardian Growth                    $ 460.00     $ 1,407.00     $ 2,393.00     $ 5,044.00
EQ/Capital Guardian International+            $ 484.00     $ 1,477.00     $ 2,506.00     $ 5,248.00
EQ/Capital Guardian Research                  $ 457.00     $ 1,398.00     $ 2,379.00     $ 5,018.00
EQ/Capital Guardian U.S. Equity++             $ 457.00     $ 1,398.00     $ 2,379.00     $ 5,018.00
EQ/Caywood-Scholl High Yield Bond             $ 457.00     $ 1,398.00     $ 2,379.00     $ 5,018.00
EQ/Davis New York Venture                     $ 542.00     $ 1,644.00     $ 2,772.00     $ 5,715.00
EQ/Equity 500 Index                           $ 415.00     $ 1,275.00     $ 2,179.00     $ 4,651.00
EQ/Evergreen International Bond               $ 472.00     $ 1,444.00     $ 2,452.00     $ 5,151.00
EQ/Evergreen Omega                            $ 465.00     $ 1,422.00     $ 2,418.00     $ 5,089.00
EQ/FI Mid Cap                                 $ 462.00     $ 1,413.00     $ 2,403.00     $ 5,062.00
EQ/FI Mid Cap Value+                          $ 465.00     $ 1,422.00     $ 2,418.00     $ 5,089.00
EQ/Franklin Income                            $ 509.00     $ 1,550.00     $ 2,623.00     $ 5,455.00
EQ/Franklin Small Cap Value                   $ 679.00     $ 2,032.00     $ 3,378.00     $ 6,720.00
EQ/Franklin Templeton Founding Strategy**     $ 514.00     $ 1,565.00     $ 2,647.00     $ 5,497.00
EQ/GAMCO Mergers and Acquisitions             $ 504.00     $ 1,535.00     $ 2,599.00     $ 5,412.00
EQ/GAMCO Small Company Value                  $ 471.00     $ 1,441.00     $ 2,448.00     $ 5,142.00
EQ/International Growth                       $ 501.00     $ 1,526.00     $ 2,584.00     $ 5,387.00
EQ/Janus Large Cap Growth++                   $ 485.00     $ 1,480.00     $ 2,511.00     $ 5,257.00
EQ/JPMorgan Core Bond                         $ 437.00     $ 1,340.00     $ 2,284.00     $ 4,845.00
EQ/JPMorgan Value Opportunities               $ 454.00     $ 1,392.00     $ 2,369.00     $ 5,000.00
EQ/Legg Mason Value Equity                    $ 466.00     $ 1,425.00     $ 2,423.00     $ 5,098.00
EQ/Long Term Bond                             $ 436.00     $ 1,337.00     $ 2,279.00     $ 4,836.00
EQ/Lord Abbett Growth and Income              $ 470.00     $ 1,438.00     $ 2,443.00     $ 5,134.00
EQ/Lord Abbett Large Cap Core                 $ 486.00     $ 1,483.00     $ 2,516.00     $ 5,265.00
EQ/Lord Abbett Mid Cap Value                  $ 467.00     $ 1,428.00     $ 2,428.00     $ 5,107.00
EQ/Marsico Focus                              $ 478.00     $ 1,459.00     $ 2,477.00     $ 5,195.00
EQ/MFS Emerging Growth Companies+             $ 459.00     $ 1,404.00     $ 2,389.00     $ 5,036.00
- -----------------------------------------------------------------------------------------------------



16 Fee table








- ------------------------------------------------------------------------------------------------
                                                   If you annuitize at the end of the
                                                         applicable time period
- ------------------------------------------------------------------------------------------------
 Portfolio Name                            1 year      3 years        5 years        10 years
                                                                     
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust+                    N/A     $ 1,742.00     $ 2,719.00     $ 5,350.00
EQ/Money Market                            N/A     $ 1,653.00     $ 2,574.00     $ 5,084.00
EQ/Montag & Caldwell Growth                N/A     $ 1,788.00     $ 2,793.00     $ 5,484.00
EQ/Mutual Shares                           N/A     $ 1,936.00     $ 3,031.00     $ 5,906.00
EQ/Oppenheimer Global                      N/A     $ 2,194.00     $ 3,436.00     $ 6,597.00
EQ/Oppenheimer Main Street Opportunity     N/A     $ 2,244.00     $ 3,515.00     $ 6,726.00
EQ/Oppenheimer Main Street Small Cap       N/A     $ 2,229.00     $ 3,492.00     $ 6,688.00
EQ/PIMCO Real Return                       N/A     $ 1,733.00     $ 2,704.00     $ 5,323.00
EQ/Short Duration Bond                     N/A     $ 1,683.00     $ 2,624.00     $ 5,177.00
EQ/Small Cap Value+                        N/A     $ 1,778.00     $ 2,778.00     $ 5,457.00
EQ/Small Company Growth+                   N/A     $ 1,867.00     $ 2,920.00     $ 5,711.00
EQ/Small Company Index                     N/A     $ 1,637.00     $ 2,549.00     $ 5,038.00
EQ/TCW Equity++                            N/A     $ 1,803.00     $ 2,817.00     $ 5,528.00
EQ/Templeton Growth                        N/A     $ 1,994.00     $ 3,122.00     $ 6,065.00
EQ/UBS Growth and Income                   N/A     $ 1,791.00     $ 2,798.00     $ 5,492.00
EQ/Van Kampen Comstock                     N/A     $ 1,766.00     $ 2,758.00     $ 5,421.00
EQ/Van Kampen Emerging Markets Equity      N/A     $ 1,972.00     $ 3,088.00     $ 6,007.00
EQ/Van Kampen Mid Cap Growth               N/A     $ 1,794.00     $ 2,802.00     $ 5,501.00
EQ/Wells Fargo Montgomery Small Cap++      N/A     $ 1,894.00     $ 2,963.00     $ 5,788.00
- ------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++             N/A     $ 1,848.00     $ 2,890.00     $ 5,659.00
- ------------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------
                                           If you surrender or do not surrender your contract at
                                                   the end of the applicable time period
- ------------------------------------------------------------------------------------------------
 Portfolio Name                              1 year       3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------
                                                                        
 EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust+                  $ 454.00     $ 1,392.00     $ 2,369.00     $ 5,000.00
EQ/Money Market                          $ 424.00     $ 1,303.00     $ 2,224.00     $ 4,734.00
EQ/Montag & Caldwell Growth              $ 470.00     $ 1,438.00     $ 2,443.00     $ 5,134.00
EQ/Mutual Shares                         $ 522.00     $ 1,586.00     $ 2,681.00     $ 5,556.00
EQ/Oppenheimer Global                    $ 612.00     $ 1,844.00     $ 3,086.00     $ 6,247.00
EQ/Oppenheimer Main Street Opportunity   $ 630.00     $ 1,894.00     $ 3,165.00     $ 6,376.00
EQ/Oppenheimer Main Street Small Cap     $ 625.00     $ 1,879.00     $ 3,142.00     $ 6,338.00
EQ/PIMCO Real Return                     $ 451.00     $ 1,383.00     $ 2,354.00     $ 4,973.00
EQ/Short Duration Bond                   $ 434.00     $ 1,333.00     $ 2,274.00     $ 4,827.00
EQ/Small Cap Value+                      $ 467.00     $ 1,428.00     $ 2,428.00     $ 5,107.00
EQ/Small Company Growth+                 $ 497.00     $ 1,517.00     $ 2,570.00     $ 5,361.00
EQ/Small Company Index                   $ 419.00     $ 1,287.00     $ 2,199.00     $ 4,688.00
EQ/TCW Equity++                          $ 475.00     $ 1,453.00     $ 2,467.00     $ 5,178.00
EQ/Templeton Growth                      $ 542.00     $ 1,644.00     $ 2,772.00     $ 5,715.00
EQ/UBS Growth and Income                 $ 471.00     $ 1,441.00     $ 2,448.00     $ 5,142.00
EQ/Van Kampen Comstock                   $ 463.00     $ 1,416.00     $ 2,408.00     $ 5,071.00
EQ/Van Kampen Emerging Markets Equity    $ 534.00     $ 1,622.00     $ 2,738.00     $ 5,657.00
EQ/Van Kampen Mid Cap Growth             $ 472.00     $ 1,444.00     $ 2,452.00     $ 5,151.00
EQ/Wells Fargo Montgomery Small Cap++    $ 507.00     $ 1,544.00     $ 2,613.00     $ 5,438.00
- ------------------------------------------------------------------------------------------------
 THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ---------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++           $ 491.00     $ 1,498.00     $ 2,540.00     $ 5,309.00
- ------------------------------------------------------------------------------------------------




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and ben efits" later in this Prospectus for the
     investment option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix IV at the end of this Prospectus..


                                                                    Fee table 17




CONDENSED FINANCIAL INFORMATION


Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.



18 Fee table




1. Contract features and benefits

- --------------------------------------------------------------------------------
HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT
You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $25,000 for you
to purchase a contract. You may make additional contributions of at least $500
each for NQ and Rollover TSA contracts and $50 for Rollover IRA and Roth
Conversion contracts and $1000 for Inherited IRA contracts, subject to
limitations noted below. The following table summarizes our rules regarding
contributions to your contract. Both the owner and the annuitant named in the
contract must meet the issue age requirements shown in the table, and
contributions are based on the age of the older of the original owner and
annuitant.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are age 81
and older at contract issue unless you elect GWBL). We may also refuse to
accept any contribution if the sum of all contributions under all AXA Equitable
annuity accumulation contracts with the same owner or annuitant would then
total more than $2,500,000. We may waive these contribution limitations based
on certain criteria, including benefits that have been elected, issue age, the
total amount of contributions, variable investment option allocations and
selling broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.

- --------------------------------------------------------------------------------

The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
annuitant is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.

- --------------------------------------------------------------------------------




- -------------------------------------------------------------------------------------------------
               Available
Contract       for owner and    Minimum
type           annuitant ages   contributions
- -------------------------------------------------------------------------------------------------
                          
NQ             0 through 85     o $25,000 (initial)

                                o $500 (additional)

                                o $100 monthly and
                                  $300 quarterly under our
                                  automatic investment
                                  program (additional)
- -------------------------------------------------------------------------------------------------
Rollover IRA   20 through 85    o $25,000 (initial)

                                o $50 (additional)
- -------------------------------------------------------------------------------------------------



- ---------------------------------------------------------------------------------------------------------
Contract                                                Limitations on
type            Source of contributions                 contributions+
- ---------------------------------------------------------------------------------------------------------
                                                  
NQ             o After-tax money.                       o No additional contributions after
                                                          attainment of age 86 or, if later, the
               o Paid to us by check or transfer of       first contract date anniversary.*
                 contract value in a tax-deferred
                 exchange under Section 1035 of
                 the Internal Revenue Code.
- ---------------------------------------------------------------------------------------------------------
Rollover IRA   o Eligible rollover distributions from   o No rollover or direct transfer contri-
                 TSA contracts or other 403(b)            butions after attainment of age 86
                 arrangements, qualified plans, and       or, if later, the first contract date
                 governmental employer 457(b)             anniversary.*
                 plans.
                                                        o Contributions after age 70-1/2 must
               o Rollovers from another traditional       be net of required minimum
                 individual retirement arrangement.       distributions.

               o Direct custodian-to-custodian          o Although we accept regular IRA
                 transfers from another traditional       contributions (limited to $4,000 for
                 individual retirement arrangement.       2007and $5,000 for 2008) under
                                                          the Rollover IRA contracts, we
               o Regular IRA contributions.               intend that this contract be used
                                                          primarily for rollover and direct
               o Additional "catch-up" contribu-          transfer contributions.
                 tions.
                                                        o Additional catch-up contributions of
                                                          up to $1000 per calendar year
                                                          where the owner is at least age 50
                                                          but under age 70-1/2 at any time
                                                          during the calendar year for which
                                                          the contribution is made.
- ---------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 19








- --------------------------------------------------------------------------------
                   Available
Contract           for owner and    Minimum
type               annuitant ages   contributions
- --------------------------------------------------------------------------------
                              
Roth Conversion    20 through 85    o $25,000 (initial)
IRA                                 o $50 (additional)




- --------------------------------------------------------------------------------
Inherited IRA      0-70             o $25,000 (initial)
Beneficiary                         o $1,000 (additional)
Continuation
Contract
(traditional IRA
or Roth IRA)
- --------------------------------------------------------------------------------
Rollover TSA       20 through 85    o $25,000 (initial)
                                    o $500 (additional)

- --------------------------------------------------------------------------------



- ----------------------------------------------------------------------------------------------------
Contract                                                  Limitations on
type                Source of contributions               contributions+
- ----------------------------------------------------------------------------------------------------
                                                    
Roth Conversion    o Rollovers from another Roth IRA.     o No additional rollover or direct
IRA                                                         transfer contributions after attain-
                   o Rollovers from a "designated Roth      ment of age 86 or, if later, the first
                     contribution account" under a          contract date anniversary.*
                     401(k) plan or 403(b)
                     arrangement.                         o Conversion rollovers after age 70-1/2
                                                            must be net of required minimum
                   o Conversion rollovers from a tradi-     distributions for the traditional IRA
                     tional IRA.                            you are rolling over.

                   o Direct transfers from another Roth   o You cannot roll over funds from a
                     IRA.                                   traditional IRA if your adjusted
                                                            gross income is $100,000 or more.
                   o Regular Roth IRA contributions.
                                                          o Although we accept regular Roth
                   o Additional catch-up contributions.     IRA contributions (limited to $4,000
                                                            for 2007 and $5,000 for 2008)
                                                            under the Roth IRA contracts, we
                                                            intend that this contract be used
                                                            primarily for rollover and direct
                                                            transfer contributions.

                                                          o Additional catch-up contributions of
                                                            up to $1,000 per calendar year
                                                            where the owner is at least age 50
                                                            at any time during the calendar
                                                            year for which the contribution is
                                                            made.
- ----------------------------------------------------------------------------------------------------
Inherited IRA      o Direct custodian-to-custodian        o Any additional contributions must
Beneficiary          transfers of your interest as a        be from the same type of IRA of the
Continuation         death beneficiary of the deceased      same deceased owner.
Contract             owner's traditional individual
(traditional IRA     retirement arrangement or Roth       o Non-spousal beneficiary direct
or Roth IRA)         IRA to an IRA of the same type.        Rollover contributions from quali-
                                                            fied plans, 403(b) arrangements
                                                            and governmental employer 457(b)
                                                            plans may be made to a traditional
                                                            Inherited IRA contract under speci-
                                                            fied circumstances.
- ----------------------------------------------------------------------------------------------------
Rollover TSA       o Direct transfers of pre-tax funds    o No additional rollover or direct
                     from another contract or arrange-      transfer contributions after attain-
                     ment under Section 403(b) of the       ment of age 86 or, if later, the first
                     Internal Revenue Code, complying       contract date anniversary.*
                     with IRS Revenue Ruling 90-24.
                                                          o Rollover or direct transfer contribu-
                   o Eligible rollover distributions of     tions after age 70-1/2 must be net of
                     pre-tax funds from other 403(b)        any required minimum distributions.
                     plans. Subsequent contributions      o We do not accept employer-
                     may also be rollovers from quali-      remitted contributions.
                     fied plans, governmental employer
                     457(b) plans and traditional IRAs.
- ----------------------------------------------------------------------------------------------------



+    Additional contributions may not be permitted under certain conditions in
     your state. Please see Appendix VI later in the Prospectus to see if
     additional contributions are permitted in your state. If you are
     participating in a Principal guarantee benefit, contributions will only be
     permitted for the first six months after the contract is issued and no
     further contributions will be permitted for the life of the contract. For
     the Guaranteed withdrawal benefit for life option, additional contributions
     are not permitted after the later of: (i) the end of the first contract
     year, and (ii) the date you make your first withdrawal.

*    Please see Appendix VI later in this Prospectus for state variations.


See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.



20 Contract features and benefits




OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. We do not
permit partnerships or limited liability corporations to be owners. We also
reserve the right to prohibit availability of this contract to other
non-natural owners. Only natural persons can be joint owners. In general, we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gift to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract. See Inherited IRA beneficiary
continuation contract later in this section for Inherited IRA owner and
annuitant requirements.


Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. We do
not permit joint annuitants unless you elect the Guaranteed withdrawal benefit
for life on a Joint life basis and the contract is owned by a non-natural
owner.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealers.
Additional contributions may also be made under our automatic investment
program. These methods of payment are discussed in detail in "More information"
later in this Prospectus.

- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain that
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?


You can choose from among the variable investment options, the guaranteed
interest option and the fixed maturity options. If you elect the Guaranteed
withdrawal benefit for life or the 100% Principal guarantee benefit, your
investment options will be limited to the guaranteed interest option and the
following variable investment options: the AXA Allocation portfolios and the
EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").

If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option, and the AXA Moderate Allocation
portfolio.



VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.


                                              Contract features and benefits  21




PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Select(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors may include fees and expenses; the timing of
stock purchases and sales; differences in fund cash flows; and specific
strategies employed by the portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                     Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                       o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                       o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a          o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.    o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,    o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                                o AllianceBernstein L.P.
 EQUITY(1)                                                                                o ClearBridge Advisors, LLC
                                                                                          o Legg Mason Capital Management, Inc.
                                                                                          o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital      o BlackRock Financial Management, Inc.
                              appreciation, consistent with a prudent level of risk.      o Pacific Investment Management Company
                                                                                            LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                                o A I M Capital Management, Inc.
                                                                                          o RCM Capital Management LLC
                                                                                          o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current          o Pacific Investment Management Company
                              income and capital appreciation.                              LLC
                                                                                          o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                                o AllianceBernstein L.P.
 EQUITY(5)                                                                                o JPMorgan Investment Management Inc.
                                                                                          o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------



22 Contract features and benefits








- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                     Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
MULTIMANAGER LARGE CAP         Long-term growth of capital.                               o AllianceBernstein L.P.
 CORE EQUITY(6)                                                                           o Janus Capital Management LLC
                                                                                          o Thornburg Investment Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                               o RCM Capital Management LLC
 GROWTH(7)                                                                                o TCW Investment Management Company
                                                                                          o T. Rowe Price Associates, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                               o AllianceBernstein L.P.
 VALUE(8)                                                                                 o Institutional Capital LLC
                                                                                          o MFS Investment Management
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                               o AllianceBernstein L.P.
 GROWTH(9)                                                                                o Franklin Advisers, Inc.
                                                                                          o Provident Investment Counsel, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                               o AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                                o TCW Investment Management Company
                                                                                          o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                               o Firsthand Capital Management, Inc.
                                                                                          o RCM Capital Management LLC
                                                                                          o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.              o AllianceBernstein L.P.
 MON STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                      o AllianceBernstein L.P.
 AND INCOME++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with       o AllianceBernstein L.P.
 MEDIATE GOVERNMENT            relative stability of principal.
 SECURITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.              o AllianceBernstein L.P.
 NATIONAL
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.              o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent with       o AllianceBernstein L.P.
 BOND                          moderate risk to capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.              o AllianceBernstein L.P.
 CAP GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                                o AllianceBernstein L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                      o Ariel Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE         Seeks to increase value through bull markets and bear      o AXA Rosenberg Investment Management LLC
 LONG/SHORT EQUITY             markets using strategies that are designed to limit expo-
                               sure to general equity market risk.
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 23








- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/BLACKROCK BASIC VALUE      Seeks capital appreciation and secondarily, income.         o BlackRock Investment Management, LLC
 EQUITY(12)
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term growth of     o BlackRock Investment Management Interna-
 VALUE(13)                    income, accompanied by growth of capital.                     tional Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve an      o Boston Advisors, LLC
 INCOME                       above-average and consistent total return.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.                       o Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                              o Bridgeway Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.                          o Capital Guardian Trust Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.                     o Capital Guardian Trust Company
 INTERNATIONAL+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.               o Capital Guardian Trust Company
 RESEARCH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.               o Capital Guardian Trust Company
 EQUITY++
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.                           o Caywood-Scholl Capital Management
 YIELD BOND
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.                          o Davis Selected Advisers, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates      o AllianceBernstein L.P.
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk level
                              consistent with that of the S&P 500 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.                    o Evergreen Investment Management
 BOND                                                                                       Company, LLC
                                                                                          o First International Fund Advisors (dba
                                                                                            "Evergreen International")
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.                             o Evergreen Investment Management
                                                                                            Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.                          o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.                       o Fidelity Management & Research Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects        o Franklin Advisers, Inc.
                              for capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.                               o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily seeks  o AXA Equitable
 FOUNDING STRATEGY(**)        income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.                      o GAMCO Asset Management Inc.
 ACQUISITIONS
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.                     o GAMCO Asset Management Inc.
 VALUE
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.                      o MFS Investment Management.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   Seeks long-term growth of capital.                          o Janus Capital Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------



24 Contract features and benefits








- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                          Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                  applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent with mod-   o JP Morgan Investment Management Inc.
                               erate risk to capital and maintenance of liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN VALUE              Long-term capital appreciation.                             o JP Morgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.                          o Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation           o BlackRock Financial Management, Inc.
                               through investment in long-maturity debt obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without           o Lord, Abbett & Co. LLC
 INCOME                        excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with reason-      o Lord, Abbett & Co. LLC
 CORE                          able risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.                                       o Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.                          o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.                  o MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary          o MFS Investment Management
                               objective to seek reasonable current income. For purposes
                               of this Portfolio, the words "reasonable current income"
                               mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve    o The Dreyfus Corporation
                               its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.                      o Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally be       o Franklin Mutual Advisers, LLC
                               short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.                                 o OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.                       o OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.                                 o OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation      o Pacific Investment Management Company,
                               of real capital and prudent investment management.            LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of principal.  o BlackRock Financial Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.                                 o Lazard Asset Management LLC
                                                                                           o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.                      o Bear Stearns Asset Management Inc.
                                                                                           o Eagle Asset Management, Inc.
                                                                                           o Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the       o AllianceBernstein L.P.
                               deduction of portfolio expenses) the total return of the
                               Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.            o TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------



                                               Contract features and benefits 25








- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/TEMPLETON GROWTH            Seeks long-term capital growth.                            o Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/UBS GROWTH AND INCOME       Seeks to achieve total return through capital appreciation o UBS Global Asset Management
                               with income as a secondary consideration.                    (Americas) Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK         Capital growth and income.                                 o Morgan Stanley Investment
                                                                                            Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING         Seeks long-term capital appreciation.                      o Morgan Stanley Investment
 MARKETS EQUITY                                                                             Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP          Capital growth.                                            o Morgan Stanley Investment
 GROWTH                                                                                     Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY      Seeks long-term capital appreciation.                      o Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                 Objective                                                  Investment Manager
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++ Seeks to provide above average current income and long-    o Van Kampen (is the name under which Mor-
                               term capital appreciation by investing primarily in equity   gan Stanley Investment Management Inc.
                               securities of companies in the U.S. real estate industry,    does business in certain situations)
                               including real estate investment trusts.
- ------------------------------------------------------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.






- -------------------------------------------------------
FN          Portfolio Name until May 29, 2007
- -------------------------------------------------------
         
(1)         AXA Premier VIP Aggressive Equity
(2)         AXA Premier VIP Core Bond
(3)         AXA Premier VIP Health Care
(4)         AXA Premier VIP High Yield
(5)         AXA Premier VIP International Equity
(6)         AXA Premier VIP Large Cap Core Equity
(7)         AXA Premier VIP Large Cap Growth
(8)         AXA Premier VIP Large Cap Value
(9)         AXA Premier VIP Mid Cap Growth
(10)        AXA Premier VIP Mid Cap Value
(11)        AXA Premier VIP Technology
(12)        EQ/Mercury Basic Value Equity
(13)        EQ/Mercury International Value
- -------------------------------------------------------




**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.


You should consider the investment objective, risks, and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the
Portfolios contain this and other important information about the Portfolios.
The prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this Prospectus, you may
call one of our customer service representatives at 1-800-789-7771.


26 Contract features and benefits




GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges and any optional benefit charges. See Appendix VI later
in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum
rate ranges from 1.00% to 3.00%. The data page for your contract shows the
lifetime minimum rate. Check with your financial professional as to which rate
applies in your state. The minimum yearly rate will never be less than the
lifetime minimum rate. The minimum yearly rate for 2007 is 3.00%. Current
interest rates will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers to and from the
guaranteed interest option.

FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VI later in this Prospectus to see
if fixed maturity options are available in your state.

- --------------------------------------------------------------------------------
Fixed maturity options range from one to ten years to maturity.
- --------------------------------------------------------------------------------

On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Select(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a)  transfer the maturity value into another available fixed maturity option,
     any of the variable investment options or the guaranteed interest option;
     or

(b)  withdraw the maturity value.


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available we will transfer your maturity value to the
EQ/Money Market option.

MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a
fixed maturity option are used to purchase any annuity payment option prior to
the maturity date and may apply on payment of a death benefit. The market value
adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount
applied to an annuity payout option will reflect the application of any
applicable



                                              Contract features and benefits  27





market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:


(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate we have in effect at that time for new fixed
     maturity options, (adjusted to reflect a similar maturity date) and

(b)  the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix II at the end of this Prospectus provides an example
of how the market value adjustment is calculated.


ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.



SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options, guaranteed interest option (subject to restrictions in
certain states--see Appendix VI later in this Prospectus for state variations)
and fixed maturity options. Allocations must be in whole percentages and you
may change your allocations at any time. No more than 25% of any contribution
may be allocated to the guaranteed interest option. The total of your
allocations into all available investment options must equal 100%. If an owner
or annuitant is age 76-80, you may allocate contributions to fixed maturity
options with maturities of seven years or less. If an owner or annuitant is age
81 or older, you may allocate contributions to fixed maturity options with
maturities of five years or less. Also, you may not allocate amounts to fixed
maturity options with maturity dates that are later than the date annuity
payments are to begin.


DOLLAR COST AVERAGING

We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options or the
guaranteed interest option.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

12 MONTH DOLLAR COST AVERAGING PROGRAM. You may dollar cost average from the
EQ/Money Market option into any of the other variable investment options. You
may elect to participate in the 12 month dollar cost averaging program at any
time subject to the age limitation on contributions described earlier in this
Prospectus. Contributions into the account for 12 month dollar cost averaging
may not be transfers from other investment options. You must allocate your
entire initial contribution into the EQ/Money Market option if you are
selecting the 12 month dollar cost averaging program at application to purchase
an Accumulator(R) Select(SM) contract; thereafter, initial allocations to any
new 12 month dollar cost averaging program time period must be at least $2,000
and any subsequent contribution to that same time period must be at least $250.
You may only have one time period in effect at any time. We will transfer your
value in the EQ/Money Market option into the other variable investment options
that you select over the next 12 months or such other period we may offer. Once
the time period then in effect has run, you may then select to participate in
the dollar cost averaging program for an additional time period. At that time,
you may also select a different allocation for transfers to the variable
investment options, or, if you wish, we will continue to use the selection that
you have previously made.

Currently, the transfer date will be the same day of the month as the contract
date, but not later than the 28th. For a 12 month dollar cost averaging program
selected after application, the first transfer date and each subsequent
transfer date for the time period selected will be one month from the date the
first contribution is made into the 12 month dollar cost averaging program, but
not later than the 28th of the month. All amounts will be transferred out by
the end of the time period then in effect. Under this program we will not
deduct the mortality and expense risks, administrative, and distribution
charges from assets in the EQ/Money Market option.


28  Contract features and benefits




You may not transfer amounts to the EQ/Money Market option established for this
program that are not part of the 12 month dollar cost averaging program. The
only amounts that should be transferred from the EQ/Money Market option are
your regularly scheduled transfers to the other variable investment options. If
you request to transfer or withdraw any other amounts from the EQ/Money Market
option, we will transfer all of the value that you have remaining in the
account for 12 month dollar cost averaging to the investment options according
to the allocation percentages we have on file for you. You may ask us to cancel
your participation at any time.

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.

If you elect the Guaranteed withdrawal benefit for life, general dollar cost
averaging is not available.

INVESTMENT SIMPLIFIER


FIXED-DOLLAR OPTION. Under this option you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.


In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. The fixed-dollar option is subject to the guaranteed
interest option transfer limitations described under "Transferring your account
value" in "Transferring your money among investment options" later in this
Prospectus. While the program is running, any transfer that exceeds those
limitations will cause the program to end for that contract year. You will be
notified. You must send in a request form to resume the program in the next or
subsequent contract years.

If, on any transfer date your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.


INTEREST SWEEP OPTION. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. The transfer date
will be the last business day of the month. The amount we will transfer will be
the interest credited to amounts you have in the guaranteed interest option
from the last business day of the prior month to the last business day of the
current month. You must have at least $7,500 in the guaranteed interest option
on the date we receive your election. We will automatically cancel the interest
sweep program if the amount in the guaranteed interest option is less than
$7,500 on the last day of the month for two months in a row. For the interest
sweep option, the first monthly transfer will occur on the last business day of
the month following the month that we receive your election form at our
processing office.

                      ----------------------------------

You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program you may participate in any of the dollar cost averaging
programs except 12 month and general dollar cost averaging. You may only
participate in one dollar cost averaging program at a time. See "Transferring
your money among investment options" later in this Prospectus. Also, for
information on how the dollar cost averaging program you select may affect
certain guaranteed benefits, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states (see Appendix VI later in this
Prospectus for more information on state availability).



GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
Enhanced death benefits and benefit bases, see "Guaranteed withdrawal benefit
for life ("GWBL")" later in this section.


The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.



                                              Contract features and benefits  29




STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less

o  a deduction that reflects any withdrawals you make. The amount of the
   deduction is described under "How withdrawals affect your Guaranteed minimum
   income benefit, Guaranteed minimum death benefit and Principal guarantee
   benefits" in "Accessing your money" later in this Prospectus.


6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less

o  a deduction that reflects any withdrawals you make. The amount of the
   deduction is described under "How withdrawals affect your Guaranteed minimum
   income benefit, Guaranteed minimum death benefit and Principal guarantee
   benefits" in "Accessing your money" and the section entitled "Charges and
   expenses" later in this Prospectus.

The effective annual roll-up rate credited to this benefit base is:

o  6% with respect to the variable investment options (other than
   EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market, and
   EQ/Short Duration Bond) and monies allocated to the 12 month dollar cost
   averaging program; the effective annual rate may be 4% in some states. Please
   see Appendix VI later in this Prospectus to see what applies in your state;
   and

o  3% with respect to the EQ/AllianceBernstein Intermediate Government
   Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed maturity
   options, the guaranteed interest option and the loan reserve account under
   Rollover TSA (if applicable).


The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday. For
contracts with non-natural owners, the benefit base stops rolling up after the
contract date anniversary following the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT, AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your
benefit base is equal to the greater of either:


o  your initial contribution to the contract (plus any additional
   contributions),

                                       or


o  your highest account value on any contract date anniversary up to the
   contract date anniversary following the owner's (or older joint owner's, if
   applicable) 85th birthday, plus any contributions made since the most recent
   Annual Ratchet,


                                      less

o  a deduction that reflects any withdrawals you make. The amount of the
   deduction is described under "How withdrawals affect your Guaranteed minimum
   income benefit, Guaranteed minimum death benefit and Principal guarantee
   benefits" in "Accessing your money" later in this Prospectus.


For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's age.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is
equal to the greater of the benefit base computed for the 6% Roll-Up to age 85
or the benefit base computed for the Annual Ratchet to age 85, as described
immediately above, on each contract date anniversary.

In Washington a different roll-up rate applies to the Greater of 6% Roll-Up to
age 85 or Annual Ratchet to age 85 enhanced death benefit. See Appendix VI
later in this Prospectus.


GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET.  If both the Guaranteed minimum income benefit AND the
Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
death benefit (the "Greater of enhanced death benefit") are elected, you may
reset the Roll-Up benefit base for these guaranteed benefits to equal the
account value as of the 5th or later contract date anniversary. The reset
amount would equal the account value as of the contract date anniversary on
which you reset your Roll-Up benefit base. The 6% Roll-Up continues to age 85
on any reset benefit base.

We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
for five years. If after your death your spouse continues this contract, the
benefit base will be eligible to be reset either five years from the contract
date or from the last reset date, if applicable. The last age at which the
benefit base is eligible to be reset is owner (or older joint owner, if
applicable) age 75. For contracts with non-natural owners, reset eligibility is
based on the annuitant's age.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of reset; you may not exercise until the tenth contract date
anniversary following the reset. See "Exercise rules" under "Guaranteed minimum
income benefit option" below for more information. Please note that in almost
all cases, resetting your Roll-Up benefit base will lengthen the exercise
waiting period. Also, even when there is no additional charge when you reset
your Roll-Up benefit base, the total dollar amount charged on future contract
date anniversaries may increase as a result of the reset since the charges may
be applied to a higher benefit base than would have been otherwise applied. See
"Charges and expenses" in the Prospectus.

If you are a traditional IRA or TSA contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required minimum
distributions with respect to this contract. If you must begin



30  Contract features and benefits





taking lifetime required minimum distributions during the 10-year waiting
period, you may want to consider taking the annual lifetime required minimum
distribution calculated for this contract from another traditional IRA or TSA
contract that you maintain. If you withdraw the lifetime required minimum
distribution from this contract, and the required minimum distribution is more
than 6% of the reset benefit base, the withdrawal would cause a pro-rata
reduction in the benefit base. Alternatively, resetting the benefit base to a
larger amount would make it less likely that the required minimum distributions
would exceed the 6% threshold. See "Lifetime required minimum distribution
withdrawals" and "How withdrawals affect your Guaranteed minimum income benefit
and Guaranteed minimum death benefit" in "Accessing your money." Also, see
"Required minimum distributions" under "Individual retirement arrangements
(IRAs)" and "Tax-sheltered annuity contracts (TSAs)" in "Tax information",
later in this Prospectus.

The Roll-Up benefit base for both the "Greater of" enhanced death benefit and
the Guaranteed minimum income benefit are reset simultaneously when you request
a Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.



ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed in "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
in "Accessing your money" later in this Prospectus. Annuity purchase factors
are based on interest rates, mortality tables, frequency of payments, the form
of annuity benefit, and the owner's (and any joint owner's) age and sex in
certain instances. Your contract specifies different guaranteed annuity
purchase factors for the Guaranteed minimum income benefit and the annuity
payout options. We may provide more favorable current annuity purchase factors
for the annuity payout options but we will always use the guaranteed purchase
factors to determine your periodic payments under the Guaranteed minimum income
benefit.


GUARANTEED MINIMUM INCOME BENEFIT OPTION

The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly
owned, the Guaranteed minimum income benefit will be calculated on the basis of
the older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.


If you are purchasing this contract as an Inherited IRA, or if you elect a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life, the
Guaranteed minimum income benefit is not available. If the owner was older than
age 60 at the time an IRA or Rollover TSA contract was issued, the Guaranteed
minimum income benefit may not be an appropriate feature because the minimum
distributions required by tax law generally must begin before the Guaranteed
minimum income benefit can be exercised.


If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option, subject to state availability. You choose which
of these payout options you want and whether you want the option to be paid on
a single or joint life basis at the time you exercise your Guaranteed minimum
income benefit. The maximum period certain available under the life with a
period certain payout option is 10 years. This period may be shorter, depending
on the owner's age as follows:

- ----------------------------------------------------
                  Level payments
- ----------------------------------------------------
                          Period certain years
                   ---------------------------------
      Owner's
  age at exercise         IRAs            NQ
- ----------------------------------------------------
  75 and younger          10             10
        76                 9             10
        77                 8             10
        78                 7             10
        79                 7             10
        80                 7             10
        81                 7             9
        82                 7             8
        83                 7             7
        84                 6             6
        85                 5             5
- ----------------------------------------------------

We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base to guaranteed annuity purchase factors, or (ii) the income
provided by applying your account value to our then current annuity purchase
factors. For Rollover TSA only, we will subtract from the Guaranteed minimum
income benefit base or account value any outstanding loan, including interest
accrued but not paid. You may also elect to receive monthly or quarterly
payments as an alternative. The payments will be less than 1/12 or 1/4 of the
annual payments, respectively, due to the effect of interest compounding. The
benefit base is applied only to the guaranteed annuity purchase factors under
the Guaranteed minimum income



                                              Contract features and benefits  31




benefit in your contract and not to any other guaranteed or current annuity
purchase rates. The amount of income you actually receive will be determined
when we receive your request to exercise the benefit.

When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit, you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. The guaranteed annuity purchase factors we use to determine
your payout annuity benefit under the Guaranteed minimum income benefit are
more conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic
payment under our standard payout annuity options. Therefore, even if your
account value is less than your benefit base, you may generate more income by
applying your account value to current annuity purchase factors. We will make
this comparison for you when the need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE".  In general, if your
account value falls to zero (except as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year or in the first contract year, all contributions received in the
first 90 days), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o    You will be issued a supplementary contract based on a single life with a
     maximum 10 year period certain. Payments will be made annually starting one
     year from the date the account value fell to zero.

o    You will have 30 days from when we notify you to change the payout option
     and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o  If your account value falls to zero due to a withdrawal that causes your
   total contract year withdrawals to exceed 6% of the Roll-Up benefit base (as
   of the beginning of the contract year);

o  If your aggregate withdrawals during any contract year exceed 6% of the
   Roll-Up benefit base (as of the beginning of the contract year or in the
   first contract year, all contributions received in the first 90 days);

o  Upon owner (or older joint owner, if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to
terminate even if a withdrawal causes your total contract year withdrawals to
exceed 6% of your Roll-Up benefit base.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options or the loan reserve account.




- -----------------------------------------------------------------
                              Guaranteed minimum income
      Contract date        benefit -- annual income pay-
 anniversary at exercise           able for life
- -----------------------------------------------------------------
                                
            10                     $11,891
            15                     $18,597
- -----------------------------------------------------------------


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us,
along with all required information, within 30 days following your contract
date anniversary in order to exercise this benefit. Upon exercise of the
Guaranteed minimum income benefit, the owner will become the annuitant, and the
contract will be annuitized on the basis of the owner's life. You will begin
receiving annual payments one year after the annuity payout contract is issued.
If you choose monthly or quarterly payments, you will receive your payment one
month or one quarter after the annuity payout contract is issued. You may
choose to take a withdrawal prior to exercising the Guaranteed minimum income
benefit, which will reduce your payments. You may not partially exercise this
benefit. See "Accessing your money" under "Withdrawing your account value"
later in this Prospectus. Payments end with the last payment before the
annuitant's (or joint annuitant's, if applicable) death or, if later, then end
of the period certain (where the payout option chosen includes a period
certain).

EXERCISE RULES. Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner's, if applicable) age as follows:


o  If you were at least age 20 and no older than age 44 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   15th contract date anniversary.

o  If you were at least age 45 and no older than age 49 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary after age 60.


32  Contract features and benefits




o  If you were at least age 50 and no older than age 75 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   10th contract date anniversary.

Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit is
      within 30 days following the contract date anniversary following your 85th
      birthday;

(ii)  if you were age 75 when the contract was issued or the Roll-Up benefit
      base was reset, the only time you may exercise the Guaranteed minimum
      income benefit is within 30 days following the contract date anniversary
      following your attainment of age 85;

(iii) for Accumulator(R) Select(SM) Rollover TSA contracts, you may exercise the
      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Select(SM) Rollover IRA. This may only occur
      when you are eligible for a distribution from the TSA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise;


(iv)  if you reset the Roll-Up benefit base (as described earlier in this
      section), your new exercise date will be the tenth contract date
      anniversary following the reset or, if later, the earliest date you would
      have been permitted to exercise without regard to the reset. Please note
      that in almost all cases, resetting your Roll-Up benefit base will
      lengthen the waiting period;


(v)   a spouse beneficiary or younger spouse joint owner under Spousal
      continuation may only continue the Guaranteed minimum income benefit if
      the contract is not past the last date on which the original owner could
      have exercised the benefit. In addition, the spouse beneficiary or younger
      spouse joint owner must be eligible to continue the benefit and to
      exercise the benefit under the applicable exercise rule (described in the
      above bullets) using the following additional rules. The spouse
      beneficiary or younger spouse joint owner's age on the date of the owner's
      death replaces the owner's age at issue for purposes of determining the
      availability of the benefit and which of the exercise rules applies. The
      original contract issue date will continue to apply for purposes of the
      exercise rules.

(vi)  if the contract is jointly owned, you can elect to have the Guaranteed
      minimum income benefit paid either: (a) as a joint life benefit or (b) as
      a single life benefit paid on the older owner's age; and

(vii) if the contract is owned by a trust or other non-natural person,
      eligibility to elect or exercise the Guaranteed minimum income benefit is
      based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions adjusted for any withdrawals. The standard death benefit is the
only death benefit available for owners (or older joint owners, if applicable)
ages 76 through 85 at issue. Once your contract is issued, you may not change
or voluntarily terminate your death benefit.


If you elect one of the enhanced death benefits, (not including the GWBL
Enhanced death benefit) the death benefit is equal to your account value
(without adjustment for any otherwise applicable negative market value
adjustment) as of the date we receive satisfactory proof of the owner's (or
older joint owner's, if applicable) death, any required instructions for the
method of payment, information and forms necessary to effect payment, OR your
elected enhanced death benefit on the date of the owner's (or older joint
owner's, if applicable) death adjusted for any subsequent withdrawals,
whichever provides the higher amount. See "Payment of death benefit" later in
this Prospectus for more information.


Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.


If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. For
contracts with non-natural owners, the death benefit will be payable upon the
death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA AND ROLLOVER TSA CONTRACTS; AND 0 THROUGH
70 AT ISSUE OF INHERITED IRA CONTRACTS. FOR CONTRACTS WITH NON-NATURAL OWNERS,
THE AVAILABLE DEATH BENEFITS ARE BASED ON THE ANNUITANT'S AGE.

Subject to state availability, you may elect one of the following enhanced
death benefits (see Appendix VI later in this Prospectus for state availability
of these benefits):

o Annual Ratchet to age 85.


o The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.



                                              Contract features and benefits  33




Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" later in this Prospectus for more information on these
guaranteed benefits.

See Appendix III later in this Prospectus for an example of how we calculate an
enhanced death benefit.

EARNINGS ENHANCEMENT BENEFIT

Subject to state and contract availability (see Appendix VI later in this
Prospectus for state availability of these benefits), if you are purchasing a
contract under which the Earnings enhancement benefit is available, you may
elect the Earnings enhancement benefit at the time you purchase your contract.
The Earnings enhancement benefit provides an additional death benefit as
described below. See the appropriate part of "Tax information" later in this
Prospectus for the potential tax consequences of electing to purchase the
Earnings enhancement benefit in an NQ, IRA or Rollover TSA contract. Once you
purchase the Earnings enhancement benefit , you may not voluntarily terminate
this feature. If you elect the Guaranteed withdrawal benefit for life the
Earnings enhancement benefit is not available.

If you elect the Earnings enhancement benefit option described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

o the account value or

o any applicable death benefit

decreased by:

o total net contributions


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or, if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions"
are reduced by the amount of that excess. Earnings enhancement benefit earnings
are equal to (a) minus (b) where (a) is the greater of the account value and
the death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals; and (ii) "Death benefit" is
equal to the greater of the account value as of the date we receive
satisfactory proof of death or any applicable Guaranteed minimum death benefit
as of the date of death.


If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o the account value or

o any applicable death benefit

decreased by:

o total net contributions

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns
age 80, except that the benefit will be reduced for withdrawals on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
the current account value that is being withdrawn and we reduce the benefit by
that percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is
$40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 x .40)
and the benefit after the withdrawal would be $24,000 ($40,000 - $16,000).

For contracts with non-natural owners, your eligibility to elect the Earnings
enhancement benefit will be based on the annuitant's age.

For an example of how the Earnings enhancement death benefit is calculated,
please see Appendix V.

For contracts continued under Spousal continuation, upon the death of the
spouse (or older spouse, in the case of jointly owned contracts), the account
value will be increased by the value of the Earnings enhancement benefit as of
the date we receive due proof of death. The benefit will then be based on the
age of the surviving spouse as of the date of the deceased spouse's death for
the remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later
in this Prospectus for more information.

The Earnings enhancement benefit must be elected when the contract is first
issued: neither the owner nor the successor owner can add it subsequently. Ask
your financial professional or see Appendix VI later in this Prospectus to see
if this feature is available in your state


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit,



34  Contract features and benefits





the Earnings enhancement benefit or one of our Principal guarantee benefits,
described later in this Prospectus. You may elect one of our automated payment
plans or you may take partial withdrawals. All withdrawals reduce your account
value and Guaranteed minimum death benefit. See "Accessing your money" later in
this Prospectus. Your investment options will be limited to the guaranteed
interest option and the permitted variable investment options. Also, the 12
month and general dollar cost averaging programs are not available if you elect
GWBL.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).

For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.

For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no longer married, you may
either: (i) drop the joint annuitant or (ii) replace the original joint
annuitant with the annuitant's new spouse. This can only be done before the
first withdrawal. After the first withdrawal, the joint annuitant may be
dropped but cannot be replaced. If the joint annuitant is dropped after
withdrawals begin, the charge continues based on a Joint life basis. Joint
annuitants are not permitted under any other contracts.

Joint life TSA contracts are not permitted. This benefit is not available under
an Inherited IRA contract.

The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o  You plan to take withdrawals in excess of your Guaranteed annual withdrawal
   amount because those withdrawals may significantly reduce or eliminate the
   value of the benefit (see "Effect of Excess withdrawals" below in this
   section);

o  You are interested in long term accumulation rather than taking withdrawals;

o  You are using the contract to fund a Rollover TSA contract where withdrawal
   restrictions will apply; or.

o  You plan to use it for withdrawals prior to age 59-1/2, as the taxable amount
   of the withdrawal will be includible in income and subject to an additional
   10% federal income tax penalty, as discussed later in this Prospectus.

For traditional IRAs and TSA contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.


GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o  Your GWBL benefit base increases by any subsequent contributions.


o  Your GWBL benefit base may be increased on each contract date anniversary, as
   described below under "Annual ratchet" and "5% deferral bonus."

o  Your GWBL benefit base is not reduced by withdrawals except those withdrawals
   that cause total withdrawals in a contract year to exceed your Guaranteed
   annual withdrawal amount ("Excess withdrawal"). See "Effect of Excess
   withdrawals" below in this section.


GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. For contracts held by non-natural owners, the initial Applicable
percentage is based on the annuitant's age or the younger annuitant's age, if
applicable, at the time of the first withdrawal. If your GWBL benefit base
ratchets, as described below in this section under "Annual ratchet," on any
contract date anniversary after you begin taking withdrawals, your Applicable
percentage may increase based on your attained age at the time of the ratchet.
The Applicable percentages are as follows:





- -----------------------------------------------------
Age                    Applicable percentage
- -----------------------------------------------------
                    
45-64                  4.0%
65-74                  5.0%
75-84                  6.0%
85 and older           7.0%
- -----------------------------------------------------


We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.


Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.



                                              Contract features and benefits  35




EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount. If you make an
Excess withdrawal, we will recalculate your GWBL benefit base and the
Guaranteed annual withdrawal amount, as follows:

   o  The GWBL benefit base is reset as of the date of the Excess withdrawal to
      equal the lesser of: (i) the GWBL benefit base immediately prior to the
      Excess withdrawal and (ii) the account value immediately following the
      Excess withdrawal.

   o  The Guaranteed annual withdrawal amount is recalculated to equal the
      Applicable percentage multiplied by the reset GWBL benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your
account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your GWBL benefit base is $100,000 and your account value
is $80,000 when you decide to begin taking withdrawals at age 65. Your
Guaranteed annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You
take an initial withdrawal of $8,000. Since your GWBL benefit base is
immediately reset to equal the lesser of your GWBL benefit base prior to the
Excess withdrawal ($100,000) and your account value immediately following the
Excess withdrawal ($80,000 minus $8,000), your GWBL benefit base is now
$72,000. In addition, your Guaranteed annual withdrawal amount is reduced to
$3,600 (5.0% of $72,000), instead of the original $5,000. See "How withdrawals
affect your GWBL and GWBL Guaranteed minimum death benefit" in "Accessing your
money" later in this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.


ANNUAL RATCHET

Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal amount will also be increased,
if applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.



5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.


SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.


GWBL GUARANTEED MINIMUM DEATH BENEFIT

There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-85, and (ii) the GWBL Enhanced death
benefit, which is available for an additional


36  Contract features and benefits





charge for owner issue ages 45-75. Please see Appendix VI later in this
Prospectus to see if these guaranteed death benefits are available in your
state.


The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial
contribution and any additional contributions less a deduction that reflects
any withdrawals you make (see "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus).

The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:


o Your GWBL Enhanced death benefit base increases by any subsequent
    contribution;


o Your GWBL Enhanced death benefit base increases to equal your account value
    if your GWBL benefit base is ratcheted, as described above in this
    section;

o Your GWBL Enhanced death benefit base increases by any 5% deferral bonus, as
    described above in this section;

o Your GWBL Enhanced death benefit base decreases by an amount which reflects
    any withdrawals you make

See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death
benefit" in "Accessing your money" later in this Prospectus.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death (adjusted for
any subsequent withdrawals), whichever provides a higher amount.



EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO


If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.


However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  Your Accumulator(R) Select(SM) contract terminates and you will receive a
   supplementary life annuity contract setting forth your continuing benefits.
   The owner of the Accumulator(R) Select(SM) contract will be the owner and
   annuitant. The successor owner, if applicable, will be the joint annuitant.
   If the owner is non-natural, the annuitant and joint annuitant, if
   applicable, will be the same as under your Accumulator(R) Select(SM)
   contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.


o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual withdrawal amount for that contract year in a lump sum. Payment of the
   Guaranteed annual withdrawal amount will begin on the next contract date
   anniversary.


o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.

o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar for dollar basis
   as payments are made. If there is any remaining death benefit upon the death
   of the owner and successor owner, if applicable, we will pay it to the
   beneficiary.

o  The charge for the Guaranteed withdrawal benefit for life and the GWBL
   Enhanced death benefit will no longer apply.


o  If at the time of your death the Guaranteed annual withdrawal amount was
   being paid to you as a supplementary life annuity contract, your beneficiary
   may not elect the Beneficiary continuation option.



OTHER IMPORTANT CONSIDERATIONS


o  This benefit is not appropriate if you do not intend to take withdrawals
   prior to annuitization.

o  Excess withdrawals can significantly reduce or completely eliminate the value
   of the GWBL and GWBL Enhanced death benefit. See "Effect of Excess
   withdrawals" above in this section and "How withdrawals affect your GWBL and
   GWBL Guaranteed minimum death benefit" in "Accessing your money" later in
   this Prospectus.


o  Withdrawals are not considered annuity payments for tax purposes, and may be
   subject to an additional 10% Federal income tax penalty before age 59-1/2.
   See "Tax information" later in this Prospectus.

o  All withdrawals reduce your account value and Guaranteed minimum death
   benefit. See "How withdrawals are taken from your account value" and "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing your
   money" later in this Prospectus.

o  If you withdraw less than the Guaranteed annual withdrawal amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   withdrawal amount in any subsequent year.

o  The GWBL benefit terminates if the contract is continued under the
   beneficiary continuation option or under the Spousal continuation feature if
   the spouse is not the successor owner.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual withdrawal amount, all benefits under
   the contract will terminate, including the GWBL benefit.


                                              Contract features and benefits  37





o  If you transfer ownership of this contract, you terminate the GWBL benefit.
   See "Transfer of ownership, collateral assignments, loans and borrowing" in
   "More information" later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer and this
   contract without purchasing a withdrawal benefit.

o  For IRA and TSA contracts, if you have to take a required minimum
   distribution ("RMD") and it is your first withdrawal under the contract, the
   RMD will be considered your "first withdrawal" for the purposes of
   establishing your GWBL Applicable percentage.


o  If you elect GWBL on a Joint life basis and subsequently get divorced, your
   divorce will not automatically terminate the contract. For both Joint life
   and Single life contracts, it is possible that the terms of your divorce
   decree could significantly reduce or completely eliminate the value of this
   benefit.



PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").


100% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 100%
Principal guarantee benefit is equal to your initial contribution and
additional permitted contributions, adjusted for withdrawals.


Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option and the permitted variable investment
options.



125% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 125%
Principal guarantee benefit is equal to 125% of your initial contribution and
additional permitted contributions, adjusted for withdrawals.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to
the allocation instructions for additional contributions we have on file. After
the benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to
the contract date anniversary following an owner's 85th birthday. If you elect
to reset the guaranteed amount, your benefit maturity date will be extended to
be the 10th contract date anniversary after the anniversary on which you reset
the guaranteed amount. This extension applies each time you reset the
guaranteed amount.


Neither PGB is available under Inherited IRA contracts. If you elect either
PGB, you may not elect the Guaranteed minimum income benefit, the Guaranteed
withdrawal benefit for life, the systematic withdrawals option or the
substantially equal withdrawals options. Also, the 12 month dollar cost
averaging program is not available if you elect one of the PGB options, If you
purchase a PGB, you may not make additional contributions to your contract
after six months from the contract issue date.


If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will
terminate your PGB and the charge. See "Non-spousal joint owner contract
continuation" in "Payment of death benefit" later in this Prospectus. The PGB
will terminate upon the exercise of the beneficiary continuation option. See
"Payment of death benefit" later in this Prospectus for more information about
the continuation of the contract after the death of the owner and/or the
annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your
contract beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only)
are not permitted under either PGB.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT

This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle


38  Contract features and benefits





that the deceased owner selected ("original IRA") while taking the required
minimum distribution payments that must be made to the beneficiary after the
deceased owner's death. See the discussion of required minimum distributions
under "Tax information." This contract is intended only for beneficiaries who
want to take payments at least annually over their life expectancy. These
payments generally must begin (or must have begun) no later than December 31 of
the calendar year following the year the deceased owner died. This contract is
not suitable for beneficiaries electing the "5-year rule." See "Beneficiary
continuation option for IRA and Roth IRA contracts" under "Beneficiary
continuation option" in "Payment of death benefit" later in this Prospectus.
You should discuss with your tax adviser your own personal situation. This
contract may not be available in all states. Please speak with your financial
professional for further information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable
Plan.The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with
only individual beneficiaries will be treated as individuals for this purpose).
The contract must also contain the name of the deceased owner. In this
discussion, "you" refers to the owner of the inherited IRA beneficiary
continuation contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o    You must receive payments at least annually (but can elect to
     receive payments monthly or quarterly). Payments are generally made over
     your life expectancy determined in the calendar year after the deceased
     owner's death and determined on a term certain basis.

o    You must receive payments from this contract even if you are
     receiving payments from another IRA of the deceased owner in an amount
     that would otherwise satisfy the amount required to be distributed from
     this contract.

o    The beneficiary of the original IRA will be the annuitant under the
     inherited IRA beneficiary continuation contract. In the case where the
     beneficiary is a "See Through Trust," the oldest beneficiary of the trust
     will be the annuitant.

o    An inherited IRA beneficiary continuation contract is not available for
     owners over age 70.

o    The initial contribution must be a direct transfer from the deceased
     owner's original IRA and is subject to minimum contribution amounts. See
     "How you can purchase and contribute to your contract" earlier in this
     section.


o    Subsequent contributions of at least $1,000 are permitted but must be
     direct transfers of your interest as a beneficiary from another IRA with a
     financial institution other than AXA Equitable, where the deceased owner is
     the same as under the original IRA contract. A non-spousal beneficiary
     under an Applicable Plan cannot make subsequent contributions to an
     Inherited traditional IRA contract.


o    You may make transfers among the investment options.

o    You may choose at any time to withdraw all or a portion of the account
     value. Any partial withdrawal must be at least $300.

o    The Guaranteed minimum income benefit, Spousal continuation, 12-month
     dollar cost averaging program, automatic investment program, Principal
     guarantee benefits, the Guaranteed withdrawal benefit for life and
     systematic withdrawals are not available under the Inherited IRA
     beneficiary continuation contract.

o    If you die, we will pay to a beneficiary that you choose the greater of the
     account value or the applicable death benefit.

o    Upon your death, your beneficiary has the option to continue tak ing
     required minimum distributions based on your remaining life expectancy or
     to receive any remaining interest in the contract in a single sum. The
     option elected will be processed when we receive satisfactory proof of
     death, any required instructions for the method of payment and any required
     information and forms necessary to effect payment. If your beneficiary
     elects to continue to take distributions, we will increase the account
     value to equal the applicable death benefit if such death benefit is
     greater than such account value as of the date we receive satisfactory
     proof of death and any required instructions, information and forms. If you
     had elected any enhanced death benefits, they will no longer be in effect
     and charges for such benefits will stop. The Guaranteed minimum death
     benefit will also no longer be in effect.


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix VI to find out what
applies in your state.


                                              Contract features and benefits  39





Generally, your refund will be the same as any other surrender and you will
receive your account value (less loan reserve account under Rollover TSA
contracts) under the contract on the day we receive notification of your
decision to cancel the contract, which will reflect (i) any investment gain or
loss in the variable investment options (less the daily charges we deduct),
(ii) any guaranteed interest in the guaranteed interest option, and (iii) any
positive or negative market value adjustments in the fixed maturity options
through the date we receive your contract. Some states, however, require that
we refund the full amount of your contribution (not reflecting (i), (ii) or
(iii) above). For any IRA contract returned to us within seven days after you
receive it, we are required to refund the full amount of your contribution.


We may require that you wait six months before you may apply for a contract
with us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office, or your financial professional, can provide you with the
cancellation instructions.


40  Contract features and benefits




2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE
Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; and (iv) the loan reserve account
(applicable to TSA contracts only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge, as well
as optional benefit charges; and (ii) the amount of any outstanding loan plus
accrued interest (applicable to TSA contracts only). Please see "Surrendering
your contract to receive its cash value" in "Accessing your money" later in
this Prospectus.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  increased to reflect additional contributions;

(iii) decreased to reflect a withdrawal;

(iv)  increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option; or

(v)   increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a TSA contract.


In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct
the annual administrative charge. A description of how unit values are
calculated is found in the SAI.



YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.


YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.

                      ----------------------------------

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.

See Appendix VI later in this Prospectus for any state variations with regard
to terminating your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.

PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account
value is insufficient to pay charges, we will not terminate your contract if
you are participating in a PGB. Your contract will remain in force and we will
pay your guaranteed amount at the benefit maturity date.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to a GWBL Excess
withdrawal, we will terminate your contract and you will receive no payment or
supplementary life annuity contract, even if your GWBL benefit base is greater
than zero. If, however, your account


                                           Determining your contract's value  41




value falls to zero, either due to a withdrawal or surrender that is not a GWBL
Excess withdrawal or due to a deduction of charges, the benefit will still have
value. See "Contract features and benefits" earlier in this Prospectus.


42  Determining your contract's value




3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE
At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the investment options, subject to the
following:


o  You may not transfer to a fixed maturity option that has a rate to maturity
   of 3%.


o  You may not transfer any amount to the 12-month dollar cost averaging
   program.


o  If an owner or annuitant is age 76-80, you must limit your transfers to fixed
   maturity options with maturities of seven years or less. If an owner or
   annuitant is age 81 or older, you must limit your transfers to fixed maturity
   options of five years or less. Also, the maturity dates may be no later than
   the date annuity payments are to begin.


o  If you make transfers out of a fixed maturity option other than at its
   maturity date, the transfer may cause a market value adjustment.

o  A transfer into the guaranteed interest option will not be permitted if such
   transfer would result in more than 25% of the account value being allocated
   to the guaranteed interest option, based on the account value as of the
   previous business day.

In addition, we reserve the right to restrict transfers among variable
investment options including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a)  25% of the amount you have in the guaranteed interest option on the last
     day of the prior contract year; or

(b)  the total of all amounts transferred at your request from the guaranteed
     interest option to any of the Investment options in the prior contract
     year; or

(c)  25% of amounts transferred or allocated to the guaranteed interest option
     during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day that we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)  the contract number,

(2)  the dollar amounts or percentages of your current account value to be
     transferred, and

(3)  the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.



DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies,


                            Transferring your money among investment options  43




which could result in pricing inefficiencies. Please see the prospectuses for
the underlying portfolios for more information on how portfolio shares are
priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows
you to rebalance your account value among the variable investment options.
Option II allows you to rebalance among the variable investment options and the
guaranteed interest option. Under both options, rebalancing is not available
for amounts you have allocated to the fixed maturity options.


In order to participate in one of our rebalancing programs, you must tell us:


(a)  the percentage you want invested in each investment option (whole
     percentages only), and

(b)  how often you want the rebalancing to occur (quarterly, semi-annually, or
     annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value"


44  Transferring your money among investment options




earlier in this section. Under Option II, a transfer into or out of the
guaranteed interest option to initiate the rebalancing program will not be
permitted if such transfer would violate these rules. If this occurs, the
rebalancing program will not go into effect.

You may not elect Option II if you are participating in any dollar cost
averaging program. You may not elect Option I if you are participating in 12
month or general dollar cost averaging.

If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.


                            Transferring your money among investment options  45




4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE
You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.

Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.





- ------------------------------------------------------------------------------
                                    Method of withdrawal
                    ----------------------------------------------------------
                                                                 Lifetime
                                                                required
                                              Substantially     minimum
       Contract      Partial    Systematic        equal       distribution
- ------------------------------------------------------------------------------
                                                      
NQ                    Yes          Yes             No             No
- ------------------------------------------------------------------------------
Rollover IRA          Yes          Yes             Yes            Yes
- ------------------------------------------------------------------------------
Roth
 Conversion IRA       Yes          Yes             Yes            No
- ------------------------------------------------------------------------------
Rollover TSA*         Yes          Yes             No             Yes
- ------------------------------------------------------------------------------
Inherited IRA         Yes           No             No             **
- ------------------------------------------------------------------------------



*  For some Rollover TSA contracts, your ability to take withdrawals, loans or
   surrender your contract may be limited. You must provide withdrawal
   restriction information when you apply for a contract. See "Tax Sheltered
   Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

** This contract pays out post-death required minimum distributions. See
   "Inherited beneficiary contract" in "Contract, features and benefits" earlier
   in this Prospectus.


AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.



MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.


If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.


CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with any Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.


PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Under Rollover TSA contracts, if a loan is outstanding, you may only take
partial withdrawals as long as the cash value remaining after any withdrawal
equals at least 10% of the outstanding loan plus accrued interest.

Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.



SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRAs)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).


46  Accessing your money




You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time. Systematic withdrawals are not available if you have elected a Principal
guarantee benefit or the Guaranteed withdrawal benefit for life.


SUBSTANTIALLY EQUAL WITHDRAWALS
(All Rollover IRA and Roth Conversion IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. Once you begin to take substantially
equal withdrawals, you should not stop them or change the pattern of your
withdrawals until after the later of age 59-1/2 or five full years after the
first withdrawal. If you stop or change the withdrawals or take a partial
withdrawal, you may be liable for the 10% federal tax penalty that would have
otherwise been due on prior withdrawals made under this option and for any
interest on the delayed payment of the penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.


The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA and Rollover TSA contracts only -- See "Tax information" later in
this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. Before electing this
account based withdrawal option, you should consider whether annuitization
might be better in your situation. If you have elected certain additional
benefits, such as the Guaranteed minimum death benefit or Guaranteed minimum
income benefit, amounts withdrawn from the contract to meet RMDs will reduce
the benefit base and may limit the utility of the benefit. Also, the actuarial
present value of additional contract benefits must be added to the account
value in calculating required minimum distribution withdrawals from annuity
contracts funding qualified plans, TSAs and IRAs, which could increase the
amount required to be withdrawn. Please refer to "Tax information" later in
this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.


FOR CONTRACTS WITH GWBL. Generally, if you elect our Automatic RMD service, any
lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.

If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated.


                                                        Accessing your money  47





Also, the partial withdrawals may cause an Excess withdrawal. You may enroll in
the plan again at any time, but the scheduled payments will not resume until
the next contract anniversary. Further, your GWBL benefit base and Guaranteed
annual withdrawal amount may be reduced. See "Effect of Excess Withdrawals" in
"Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT. The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6% of the Roll- Up benefit base (as of the beginning of
the contract year or in the first contract year, all contributions received
within the first 90 days).


Owners of tax-qualified contracts (IRA and TSA) generally should not reset the
Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/Guaranteed minimum income benefit Roll-Up benefit base reset." in
"Contract features and benefits" earlier in this Prospectus.



HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options, and the guaranteed interest option, any additional amount
of the withdrawal required or the total amount of the withdrawal will be
withdrawn from the fixed maturity options in the order of the earliest maturity
date(s) first. If the contract is surrendered or annuitized or a death benefit
is paid, we will deduct a pro rata portion of the charge for that year. A
market value adjustment will apply to withdrawals from the fixed maturity
options.


HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 X .40) and your new benefit after the withdrawal would be
$24,000 ($40,000 - $16,000).


With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals will reduce each of the benefits' 6% Roll-Up to age 85 benefit base
on a dollar-for-dollar basis, as long as the sum of withdrawals in a contract
year is 6% or less of the 6% Roll-Up benefit base on the contract issue date or
the most recent contract date anniversary, if later. For this purpose, in the
first contract year, all contributions received in the first 90 days after
contract issue will be considered to have been received on the first day of the
contract year. In subsequent contract years, additional contributions made
during the contract year do not affect the amount of withdrawals that can be
taken on a dollar-for-dollar basis in that contract year. Once a withdrawal is
taken that causes the sum of withdrawals in a contract year to exceed 6% of the
benefit base on the most recent anniversary, that entire withdrawal (including
RMDs) and any subsequent withdrawals in that same contract year will reduce the
benefit base pro rata. Reduction on a dollar-for-dollar basis means that your
6% Roll-Up to age 85 benefit base will be reduced by the dollar amount of the
withdrawal for each Guaranteed benefit. The Annual Ratchet to age 85 benefit
base will always be reduced on a pro rata basis.



HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT


Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the Guaranteed annual
withdrawal amount. Withdrawals that exceed the Guaranteed annual withdrawal
amount, however, can significantly reduce your GWBL benefit base and Guaranteed
annual withdrawal amount. For more information, see "Effect of Excess
withdrawals" and "Other important considerations" under "Our Guaranteed
withdrawal benefit for life ("GWBL")" in "Contract features and benefits"
earlier in this Prospectus.

Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than
your account value (after the Excess withdrawal), we will further reduce your
GWBL Enhanced death benefit base to equal your account value.



WITHDRAWALS TREATED AS SURRENDERS

If you request to withdraw more than 90% of a contract's current cash value, we
will treat it as a request to surrender the contract for its cash value. In
addition, we have the right to pay the cash value and terminate this contract
if no contributions are made during the last three completed contract years,
and the account value is less than $500, or if you make a withdrawal that would
result in a cash value of less than $500. The rules in the preceding sentence
do not apply if the Guaranteed minimum income benefit no lapse guarantee is in
effect on your contract. See "Surrendering your contract to receive its cash
value" below. For the tax consequences of withdrawals, see "Tax information"
later in this Prospectus.


48  Accessing your money




SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE.  We will not
treat a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life" in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.


LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you
may only take a loan with the written consent of your spouse. If you elect the
GWBL option or a PGB, loans are not permitted. Your contract contains further
details of the loan provision. Please see Appendix VI later in this Prospectus
for any state restrictions you may be subject to if you take a loan from a
Rollover TSA contract. Also, see "Tax information" later in this Prospectus for
general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of a loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1) the date annuity payments begin,

(2) the date the contract terminates, and


(3) the date a death benefit is paid (the outstanding loan, including any
    accrued but unpaid loan interest, will be deducted from the death benefit
    amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the loan reserve account. Unless you specify otherwise,
we will subtract your loan on a pro rata basis from your value in the variable
investment options and the guaranteed interest option. If those amounts are
insufficient, any additional amount of the loan will be subtracted from the
fixed maturity options in the order of the earliest maturity date(s) first. A
market value adjustment may apply. If such fixed maturity amounts are
insufficient, we will deduct all or a portion of the loan from the account for
12-month dollar cost averaging.

For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify otherwise, we will transfer the dollar amount of
the loan repaid from the loan reserve account to the investment options
according to the allocation percentages we have on our records.

The tax consequences of failure to repay a loan when due are substantial, and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts with non-natural owners while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.


All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable) if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6% of the Roll-Up benefit base (as of the beginning of the contract
year). For more information, please see "Insufficient account value" in
"Determining your contract value" and Guaranteed withdrawal benefit for life"
in "Contract features and benefits" earlier in this Prospectus.


You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.


                                                        Accessing your money  49




WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw and, upon surrender, payment of the cash value. We may postpone such
payments or applying proceeds for any period during which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option and fixed maturity options (other than for death benefits) for up to six
months while you are living. We also may defer payments for a reasonable amount
of time (not to exceed 10 days) while we are waiting for a contribution check
to clear.


All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.



YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Select(SM) provide for
conversion to payout status at or before the contract's "maturity date." This
is called annuitization. When your contract is annuitized, your Accumulator(R)
Select(SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Select(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may
exercise your benefit in accordance with its terms.


Your Accumulator(R) Select(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments, which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VI later in this
Prospectus for variations that may apply in your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus for further information.



- ----------------------------------------------------------------------------
Fixed annuity payout options          Life annuity
                                      Life annuity with period certain
                                      Life annuity with refund certain
                                      Period certain annuity
- ----------------------------------------------------------------------------
Variable Immediate Annuity            Life annuity
   payout options                     Life annuity with period certain
- ----------------------------------------------------------------------------
Income Manager(SM) payout options     Life annuity with period certain
   (available for owners and annu-    Period certain annuity
   itants age 83 or less at contract
   issue)
- ----------------------------------------------------------------------------


o  Life annuity: An annuity that guarantees payments for the rest of the
   annuitant's life. Payments end with the last monthly payment before the
   annuitant's death. Because there is no continuation of benefits following the
   annuitant's death with this payout option, it provides the highest monthly
   payment of any of the life annuity options, so long as the annuitant is
   living.

o  Life annuity with period certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the end of a
   selected period of time ("period certain"), payments continue to the
   beneficiary for the balance of the period certain. The period certain cannot
   extend beyond the annuitant's life expectancy. A life annuity with a period
   certain is the form of annuity under the contracts that you will receive if
   you do not elect a different payout option. In this case, the period certain
   will be based on the annuitant's age and will not exceed 10 years.

o  Life annuity with refund certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the amount applied
   to purchase the annuity option has been recovered, payments to the
   beneficiary will continue until that amount has been recovered. This payout
   option is available only as a fixed annuity.

o  Period certain annuity: An annuity that guarantees payments for a specific
   period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
   not exceed the annuitant's life expectancy. This option does not guarantee
   payments for the rest of the annuitant's life. It does not permit any
   repayment of the unpaid principal, so you cannot elect to receive part of the
   payments as a single sum payment with the rest paid in monthly annuity
   payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life and, after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.


50  Accessing your money




FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.


INCOME MANAGER(SM) PAYOUT OPTIONS


The Income Manager(R) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(R) payout annuity contract from your financial professional. Income
Manager(R) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only).

For Rollover TSA contracts, if you want to elect an Income Manager(SM) payout
option, we will first roll over amounts in such contract to a Rollover IRA
contract with the plan participant as owner. You must be eligible for a
distribution under the Rollover TSA contract.

You may choose to apply only part of the account value of your Accumulator(R)
Select(SM) contract to an Income Manager(SM) payout annuity. In this case, we
will consider any amounts applied as a withdrawal from your Accumulator(R)
Select(SM). For the tax consequences of withdrawals, see "Tax information" later
in this Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option, different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income Manager(SM) prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION

The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of your purchase as it
relates to any market value adjustments.

If amounts in a fixed maturity option are used to purchase any annuity payout
option, prior to the maturity date, a market value adjustment will apply.


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.


You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) Select(SM) contract date. Except with
respect to the Income Manager(SM) annuity payout options, where payments are
made on the 15th day of each month, you can change the date your annuity
payments are to begin anytime before that date as long as you do not choose a
date later than the 28th day of any month. Also, that date may not be later than
the annuity maturity date described below.

The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) payout option is chosen.



ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed with-



                                                        Accessing your money  51





drawal benefit for life. As described in "Contract features and benefits" under
"Guaranteed withdrawal benefit for life," these payments will have the
potential to increase with favorable investment performance. Any remaining
Guaranteed minimum death benefit value will be transferred to the annuity
payout contract as your "minimum death benefit." If the enhanced death benefit
had been elected, its value as of the date the annuity payout contract is
issued will become your minimum death benefit, and it will no longer increase.
The minimum death benefit will be reduced dollar for dollar by each payment. If
you die while there is any minimum death benefit remaining, it will be paid to
your beneficiary.


Please see Appendix VI later in this Prospectus for variations that may apply
in your state.


52  Accessing your money




5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS
We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o  A mortality and expense risks charge

o  An administrative charge

o  A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o  On each contract date anniversary -- an annual administrative charge, if
   applicable.

o  On each contract date anniversary, a charge for each optional benefit that
   you elect: a death benefit (other than the Standard and GWBL Standard death
   benefit); the Guaranteed minimum income benefit; the Guaranteed withdrawal
   benefit for life; and the Earnings enhancement benefit.

o  On any contract date anniversary on which you are participating in a PGB -- a
   charge for a PGB.

o  At the time annuity payments are to begin -- charges designed to approximate
   certain taxes that may be imposed on us, such as premium taxes in your state.
   An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section .

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge.  We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard guaranteed minimum death benefit. The
daily charge is equivalent to an annual rate of 1.10% of the net assets in each
variable investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.


Administrative charge.  We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.25% of the
net assets in each variable investment option.

Distribution charge.  We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.35%
of the net assets in each variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VI later in this Prospectus to
see if deducting this charge from the guaranteed interest option is permitted
in your state) on a pro rata basis. If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (if
available) in the order of the earliest maturity date(s) first. If those
amounts are insufficient, we will deduct all or a portion of the charge from
the account for 12 month dollar cost averaging. If the contract is surrendered
or annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year. A
market value adjustment will apply to deductions from the fixed maturity
options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaran-


                                                        Charges and expenses  53




teed benefits except as noted under "Insufficient account value" in
"Determining your contract value" earlier in this Prospectus.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.60% of the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85
benefit base.

GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.

We will deduct this charge from your value in the variable investment options
(or, if applicable, the permitted variable investment options) and the
guaranteed interest option on a pro rata basis (see Appendix VI later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state). If those amounts are still insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (if
applicable) in the order of the earliest maturity date(s) first. A market value
adjustment will apply to deductions from the fixed maturity options. If those
amounts are insufficient, we will deduct all or a portion of the charge from
the account for 12 month dollar cost averaging. If the contract is surrendered
or annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.

PRINCIPAL GUARANTEE BENEFITS CHARGE


If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal to 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee
benefit. We will continue to deduct the charge until your benefit maturity
date. We will deduct this charge from your value in the permitted variable
investment options and the guaranteed interest option (see Appendix VI later in
this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option, or the contract date anniversary after the owner reaches 85,
whichever occurs first. The charge is equal to 0.65% of the applicable benefit
base in effect on the contract date anniversary.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VI later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are still insufficient, we
will deduct all or a portion of the charge from the fixed maturity options in
the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If those amounts are
insufficient, we will deduct all or a portion of the charge from the account
for 12 month dollar cost averaging. If the contract is surrendered or
annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


EARNINGS ENHANCEMENT BENEFIT CHARGE


If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary for which it is in effect.
The charge is equal to 0.35% of the account value on each contract date
anniversary. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option on a pro rata basis. If
those amounts are insufficient, we will deduct all or a portion of the charge
from the fixed maturity options in the order of the earliest maturity date(s)
first. If those amounts are insufficient, we will deduct all or a portion of
the charge from the account for 12 month dollar cost averaging. If the contract
is surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year. A market value adjustment will apply to deductions from the fixed
maturity options.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE

If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base


54  Charges and expenses





on each contract date anniversary. If you elect the Single Life option, the
charge is equal to 0.60%. If you elect the Joint Life option, the charge is
equal to 0.75%. We will deduct this charge from your value in the permitted
variable investment options and the guaranteed interest option on a pro rata
basis (See Appendix VI later in this Prospectus to see if deducting this charge
from the guaranteed interest option is permitted in your state.) If those
amounts are insufficient, we will deduct all or a portion of the charge from
the account for 12 month dollar cost averaging. If the contract is surrendered
or annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the Single Life option is 0.75%. The maximum charge for the
Joint Life option is 0.90%. The increased charge, if any, will apply as of the
contract date anniversary on which your GWBL benefit base ratchets and on all
contract date anniversaries thereafter. We will permit you to opt out of the
ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time
to reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.


CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.



VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION ADMINISTRATIVE FEE

We deduct a fee of $350 from the amount to be applied to the variable Immediate
Annuity payout option. This option may not be available at the time you elect
to annuitize or it may have a different charge.



CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o  Management fees ranging from 0.05% to 1.40%.

o  12b-1 fees of either 0.25% or 0.35%.


o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian fees
   and liability insurance.

o  Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.



GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the mortality and
expense risks charge or change the minimum initial contribution requirements.
We also may change the Guaranteed minimum income benefit or the Guaranteed
minimum death benefit, or offer variable investment options that invest in
shares of the Trusts that are not subject to the 12b-1 fee. Group arrangements
include those in which a trustee or an employer, for example, purchases
contracts covering a group of individuals on a group basis. Group arrangements
are not available for Rollover IRA and Roth Conversion IRA contracts. Sponsored
arrangements include those in which an employer allows us to sell contracts to
its employees or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We also may establish different rates to maturity for the fixed maturity
options under different classes of contracts for group or sponsored
arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.


OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.


                                                        Charges and expenses  55




6. Payment of death benefit

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YOUR BENEFICIARY AND PAYMENT OF BENEFIT
You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract.
Where an NQ contract is owned for the benefit of a minor pursuant to the
Uniform Gift to Minors Act or the Uniform Transfers to Minors Act, the
beneficiary must be the estate of the minor. Where an IRA contract is owned in
a custodial individual retirement account, the custodian must be the
beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit.
We determine the amount of the death benefit (other than the applicable
Guaranteed minimum death benefit) and any amount applicable under the Earnings
enhancement benefit, as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. The amount of the applicable Guaranteed
minimum death benefit will be such Guaranteed minimum death benefit as of the
date of the owner's (or older joint owner's, if applicable) death adjusted for
any subsequent withdrawals. For Rollover TSA contracts with outstanding loans,
we will reduce the amount of the death benefit by the amount of the outstanding
loan, including any accrued but unpaid interest on the date that the death
benefit payment is made.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.


EFFECT OF THE OWNER'S DEATH


In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death
of the annuitant. For Joint life contracts with GWBL, the death benefit is paid
to the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature or under our Beneficiary continuation option, as
discussed below. For contracts with non-spousal joint owners, the joint owner
will be able to continue the contract as a successor owner subject to the
limitations discussed below under "Non-spousal joint owner contract
continuation." If you are the sole owner and your spouse is the sole primary
beneficiary, your surviving spouse can continue the contract as a successor
owner as discussed below, under "Spousal continuation" or under our Beneficiary
continuation option, as discussed below.


If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require
payments of amounts under the contract to be made within five years of an
owner's death (the "5-year rule"). In certain cases, an individual beneficiary
or non-spousal surviving joint owner may opt to receive payments over his/her
life (or over a period not in excess of his/her life expectancy) if payments
commence within one year of the owner's death. Any such election must be made
in accordance with our rules at the time of death. If the beneficiary of a
contract with one owner or a younger non-spousal joint owner continues the
contract under the 5-year rule, in general, all guaranteed benefits and their
charges will end. If a PGB election is in effect upon your death with a benefit
maturity date of less than five years from the date of death, it will remain in
effect. For more information on non-spousal joint owner contract continuation,
see the section immediately below.


NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint owner within five
years. The surviving owner may instead elect to


56  Payment of death benefit




receive a life annuity, provided payments begin within one year of the deceased
owner's death. If the life annuity is elected, the contract and all benefits
terminate.


If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to
five years; or (4) continue the contract under the Beneficiary continuation
option. If the contract continues, the Guaranteed minimum death benefit and
charge and the Guaranteed minimum income benefit and charge will then be
discontinued. No additional contributions will be permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the Beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. No additional contributions will be permitted.


Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more
than five years from the date of death, we will terminate the benefit and the
charge.


SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your spouse, your spouse may elect to
continue the contract as successor owner upon your death. Spousal beneficiaries
(who are not also joint owners) must be 85 or younger as of the date of the
deceased spouse's death in order to continue the contract under Spousal
continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse
beneficiary (under a Single owner contract), may elect to receive the death
benefit or continue the contract, as follows:


o  As of the date we receive satisfactory proof of your death, any required
   instructions, information and forms necessary, we will increase the account
   value to equal the elected Guaranteed minimum death benefit as of the date of
   your death if such death benefit is greater than such account value, plus any
   amount applicable under the Earnings enhancement benefit, and adjusted for
   any subsequent withdrawals. The increase in the account value will be
   allocated to the investment options according to the allocation percentages
   we have on file for your contract.


o  The applicable Guaranteed minimum death benefit option may continue as
   follows:

      o  If the surviving spouse is age 75 or younger on the date of your death,
         and you were age 84 or younger at death, the Guaranteed minimum death
         benefit you elected continues and will continue to grow according to
         its terms until the contract date anniversary following the date the
         surviving spouse reaches age 85.

      o  If the surviving spouse is age 75 or younger on the date of your death,
         and you were age 85 or older at death, we will reinstate the Guaranteed
         minimum death benefit you elected. The benefit base (which had
         previously been frozen at age 85) will now continue to grow according
         to its terms until the contract date anniversary following the date the
         surviving spouse reaches age 85.

      o  If the surviving spouse is age 76 or over on the date of your death,
         the Guaranteed minimum death benefit and charge will be discontinued.

      o  If the Guaranteed minimum death benefit continues, the Guaranteed
         minimum death benefit/Guaranteed minimum income benefit roll-up benefit
         base reset, if applicable, will be based on the surviving spouse's age
         at the time of your death. The next available reset will be based on
         the contract issue date or last reset, as applicable.

      o  For single owner contracts with the GWBL Enhanced death benefit, we
         will discontinue the benefit and charge. However, we will freeze the
         GWBL Enhanced death benefit benefit base as of the date of your death
         (less subsequent withdrawals), and pay it upon your spouse's death.

o  The Earnings enhancement benefit will be based on the surviving spouse's age
   at the date of the deceased spouse's death for the remainder of the life of
   the contract. If the benefit had been previously frozen because the older
   spouse had attained age 80, it will be reinstated if the surviving spouse is
   age 75 or younger. The benefit is then frozen on the contract date
   anniversary after the surviving spouse reaches age 80. If the surviving
   spouse is age 76 or older, the benefit and charge will be discontinued.

o  If elected, PGB continues and is based on the same benefit maturity date and
   guaranteed amount that was guaranteed.

o  The Guaranteed minimum income benefit may continue if the benefit had not
   already terminated and the benefit will be based on the surviving spouse's
   age at the date of the deceased spouse's death. See "Guaranteed minimum
   income benefit" in "Contract features and benefits" earlier in this
   Prospectus.


o  If you elect the Guaranteed withdrawal benefit for life on a Joint life
   basis, the benefit and charge will remain in effect and no death benefit is
   payable until the death of the surviving spouse. No additional contributions
   will be permitted. If you elect the Guaranteed withdrawal benefit for life on
   a Single life basis, the benefit and charge will terminate.


o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner


                                                    Payment of death benefit  57




of the contract, may request that the spouse be substituted as annuitant as of
the date of the annuitant's death. No further change of annuitant will be
permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o  The Guaranteed minimum death benefit, the Earnings enhancement benefit and
   the Guaranteed minimum income benefit continue to be based on the older
   spouse's age for the life of the contract.

o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant.

o  If a PGB had been elected, the benefit continues and is based on the same
   benefit maturity date and guaranteed amount.


o  If you elect the Guaranteed withdrawal benefit for life, the benefit and
   charge will remain in effect and no death benefit is payable until the death
   of the surviving spouse.


If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.



BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VI later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.


BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Earnings enhancement benefit, adjusted for any
subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  The beneficiary replaces the deceased owner as annuitant.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
   the GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.


o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value.


o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum distributions based on
   the remaining life expectancy of the deceased beneficiary or to receive any
   remaining interest in the contract in a lump sum. The option elected will be
   processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ


58  Payment of death benefit




contract owner dies before the annuity maturity date, whether or not the owner
and the annuitant are the same person. For purposes of this discussion,
"beneficiary" refers to the successor owner. This feature must be elected
within 9 months following the date of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o  This feature is only available if the beneficiary is an individual. It is not
   available for any entity such as a trust, even if all of the beneficiaries of
   the trust are individuals.

o  The beneficiary automatically replaces the existing annuitant.

o  The contract continues in your name for the benefit of your beneficiary.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the respective
   beneficiary's own life expectancy, if scheduled payments are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life or
   the GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

o  If the beneficiary chooses the "5-year rule," withdrawals may be made at any
   time. If the beneficiary instead chooses scheduled payments, the beneficiary
   must also choose between two potential withdrawal options at the time of
   election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
   cannot later withdraw funds in addition to the scheduled payments the
   beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
   "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
   addition to scheduled payments, at any time. However, the scheduled payments
   under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
   payments." See "Taxation of nonqualified annuities" in "Tax Information"
   later in this Prospectus.

o  Any partial withdrawals must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract on the beneficiary's death.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking scheduled payments based on the
   remaining life expectancy of the deceased beneficiary (if scheduled payments
   were chosen) or to receive any remaining interest in the contract in a lump
   sum. We will pay any remaining interest in the contract in a lump sum if your
   beneficiary elects the 5-year rule. The option elected will be processed when
   we receive satisfactory proof of death, any required instructions for the
   method of payment and any required information and forms necessary to effect
   payment.

If the deceased is the owner or the older joint owner:

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the Beneficiary
   continuation option feature, we will increase the account value to equal the
   applicable death benefit if such death benefit is greater than such account
   value plus any amount applicable under the Earnings enhancement benefit,
   adjusted for any subsequent withdrawals.

If the deceased is the younger non-spousal joint owner:

o  The annuity account value will not be reset to the death benefit amount.


                                                    Payment of death benefit  59




7. Tax information

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OVERVIEW
In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Select(SM) contracts owned by United
States individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA or TSA. Therefore, we discuss
the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax, and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, the amounts due to beneficiaries, may be subject to federal or
state gift, estate, or inheritance taxes. You should not rely only on this
document, but should consult your tax adviser before your purchase.



BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. How
these arrangements work, including special rules applicable to each, are
described in the specific sections for each type of arrangement, below. You
should be aware that the funding vehicle for a qualified arrangement does not
provide any tax deferral benefit beyond that already provided by the Code for
all permissible funding vehicles. Before choosing an annuity contract,
therefore, you should consider the annuity's features and benefits, such as
Accumulator(R) Select(SM)'s 12 month dollar cost averaging, choice of death
benefits, the Guaranteed withdrawal for life benefit, the Guaranteed minimum
income benefit, selection of variable investment options, guaranteed interest
option, fixed maturity options and its choices of pay-out options, as well as
the features and benefits of other permissible funding vehicles and the
relative costs of annuities and other arrangements. You should be aware that
cost may vary depending on the features and benefits made available and the
charges and expenses of the investment options or funds that you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract.


TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.


TAXATION OF NONQUALIFIED ANNUITIES


CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.


CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust, or other non-natural person). This provision does not apply to a trust
   which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.


TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED WITHDRAWAL BENEFIT FOR
LIFE

We treat Guaranteed annual withdrawals and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are


60  Tax information




taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable. If
you withdraw an amount which is more than the earnings in the contract as of
the date of the withdrawal, the balance of the distribution is treated as a
return of your investment in the contract and is not taxable. It reduces the
investment in the contract.


ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.


PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.


EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it
is possible that the IRS could take a contrary position or assert that the
Earnings enhancement benefit rider is not part of the contract. In such a case
the charges for the Earnings enhancement benefit rider could be treated for
federal income tax purposes as a partial withdrawal from the contract. If this
were so, such a deemed withdrawal could be taxable, and for contract owners
under age 59-1/2, also subject to a tax penalty. Were the IRS to take this
position, AXA Equitable would take all reasonable steps to attempt to avoid
this result, which could include amending the contract (with appropriate notice
to you).


CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  the contract that is the source of the funds you are using to purchase the NQ
   contract is another nonqualified deferred annuity contract (or life insurance
   or endowment contract).

o  The owner and the annuitant are the same under the source contract and the
   Accumulator(R) Select(SM) NQ contract. If you are using a life insurance or
   endowment contract the owner and the insured must be the same on both sides
   of the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Select(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between carriers, and provision of cost basis information may be required to
process this type of an exchange.


Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER
YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ Contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

o  scheduled payments under the beneficiary continuation option for NQ contracts
   satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
   of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
   2";

o  scheduled payments, any additional withdrawals under "Withdrawal Option 2",
   or contract surrenders under "Withdrawal Option


                                                             Tax information  61




   1" will only be taxable to the beneficiary when amounts are actually paid,
   regardless of the Withdrawal Option selected by the beneficiary;

o  a beneficiary who irrevocably elects scheduled payments with "Withdrawal
   Option 1" will receive "excludable amount" tax treatment on scheduled
   payments. See "Annuity payments" earlier in this section. If the beneficiary
   elects to surrender the contract before all scheduled payments are paid, the
   amount received upon surrender is a non-annuity payment taxable to the extent
   it exceeds any remaining investment in the contract.



The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).


The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or


o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas. We do not anticipate that
   Guaranteed annual withdrawals made under the Guaranteed withdrawal benefit
   for life's Maximum or Customized payment plan or taken as partial withdrawals
   will qualify for this exception if made before age 59-1/2.



INVESTOR CONTROL ISSUES


Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.



SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.


INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets for the benefit of the IRA owner. The assets funding the account
typically include mutual funds and/or individual stocks and/or securities in a
custodial account and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).


AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA ("Rollover IRA") or Roth IRA ("Roth
Conversion IRA"). We also offer the Inherited IRA for payment of post-death
required minimum distributions from tradi-



62  Tax information





tional IRAs and Roth IRAs. This Prospectus contains the information that the
IRS requires you to have before you purchase an IRA. The first section covers
some of the special tax rules that apply to traditional IRAs. The next section
covers Roth IRAs. The disclosure generally assumes direct ownership of the
individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.


We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).


AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of the Accumulator(R) Select(SM) traditional and Roth IRA
contracts for use as a traditional and Roth IRA, respectively. It is not clear
whether and when any such approval may be received. We have in the past
received IRS opinion letters approving the respective forms of similar
traditional IRA and Roth IRA endorsements for use as a traditional and Roth
IRA, respectively. This IRS approval is a determination only as to the form of
the annuity. It does not represent a determination of the merits of the annuity
as an investment. The contracts submitted for IRS approval do not include every
feature possibly available under the Accumulator(R) Select(SM) traditional and
Roth IRA contracts.

AXA Equitable has also submitted the respective forms of the Accumulator(R)
Select(SM) Inherited IRA beneficiary continuation contract to the IRS for
approval as to form for use as a traditional IRA or Roth IRA, respectively. We
do not know if and when any such approval may be granted.



EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS Opinion Letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available
under the Accumulator(R) Select(SM) traditional and Roth IRA contracts. You
should discuss with your tax adviser whether you should consider purchasing an
Accumulator(R) Select(SM) IRA or Accumulator(R) Select(SM) Roth IRA with the
optional Earnings enhancement benefit.


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

You can cancel any version of the Accumulator(R) Select(SM) IRA contract
(traditional IRA or Roth IRA) by following the directions in "Your right to
cancel within a certain number of days" under "Contract features and benefits"
earlier in this Prospectus. If you cancel a traditional IRA contract, we may
have to withhold tax, and we must report the transaction to the IRS. A contract
cancellation could have an unfavorable tax impact.

TRADITIONAL INDIVIDUAL RETIREMENT ANNUITIES (TRADITIONAL IRAS)


CONTRIBUTIONS TO TRADITIONAL IRAS. Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:


o  regular contributions out of earned income or compensation; or

o  tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers").


REGULAR CONTRIBUTIONS TO TRADITIONAL IRAS


LIMITS ON CONTRIBUTIONS. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

SPECIAL RULES FOR SPOUSES. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. Catch-up contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.


DEDUCTIBILITY OF CONTRIBUTIONS. The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored retirement plan, as defined under special
federal income tax rules. Your Form W-2 will indicate whether or not you are
covered by such a retirement plan.


                                                             Tax information  63





If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions." That is, for 2007 your fully deductible contribution
can be up to $4,000 ($5,000 for 2008), or if less, your earned income. The
dollar limit is $5,000 for people eligible to make age 50-70-1/2 catch-up
contributions for 2007 ($6,000 for 2008).


If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)

Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)



To determine the deductible amount of the contribution for 2006, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:


    ($10,000-excess AGI)     times    the maximum      Equals  the adjusted
    --------------------       x        regular           =     deductible
     divided by $10,000               contribution             contribution
                                      for the year                limit


ADDITIONAL "SAVER'S CREDIT" FOR CONTRIBUTIONS TO A TRADITIONAL IRA OR ROTH IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax
return, and your adjusted gross income cannot exceed $50,000 ($52,000 after
cost of living indexing beginning in 2007). The amount of the tax credit you
can get varies from 10% of your contribution to 50% of your contribution, and
depends on your income tax filing status and your adjusted gross income. The
maximum annual contribution eligible for the saver's credit is $2,000. If you
and your spouse file a joint return, and each of you qualifies, each is
eligible for a maximum annual contribution of $2,000. Your saver's credit may
also be reduced if you take or have taken a taxable distribution from any plan
eligible for a saver's credit contribution -- even if you make a contribution
to one plan and take the distribution from another plan -- during the "testing
period." The "testing period" begins two years before the year for which you
make the contribution and ends when your tax return is due for the year for
which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.

NONDEDUCTIBLE REGULAR CONTRIBUTIONS. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

WHEN YOU CAN MAKE REGULAR CONTRIBUTIONS. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.


64  Tax information




ROLLOVER AND TRANSFER CONTRIBUTIONS TO TRADITIONAL IRAS

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o    qualified plans;

o    governmental employer 457(b) plans;

o    TSAs (including Internal Revenue Code Section 403(b)(7) custo
     dial accounts); and

o    other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.


ROLLOVERS FROM "ELIGIBLE RETIREMENT PLANS" OTHER THAN TRADITIONAL IRAS


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o    Do it yourself:
     You actually receive a distribution that can be rolled over and you roll
     it over to a traditional IRA within 60 days after the date you receive the
     funds. The distribution from your eligible retirement plan will be net of
     20% mandatory federal income tax withholding. If you want, you can replace
     the withheld funds yourself and roll over the full amount.

o    Direct rollover:
     You tell the trustee or custodian of the eligible retirement plan to send
     the distribution directly to your traditional IRA issuer. Direct rollovers
     are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o    "required minimum distributions" after age 70-1/2 or retirement
     from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    death benefit payments to a beneficiary who is not your surviving
     spouse; or

o    qualified domestic relations order distributions to a beneficiary
     who is not your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.


ROLLOVERS OF AFTER-TAX CONTRIBUTIONS FROM ELIGIBLE RETIREMENT PLANS OTHER THAN
TRADITIONAL IRAS


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.



ROLLOVERS FROM TRADITIONAL IRAS TO TRADITIONAL IRAS

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.


SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court ordered divorce or separation decree.



                                                             Tax information  65




EXCESS CONTRIBUTIONS

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o    regular contributions of more than the maximum regular contri
     bution amount for the applicable taxable year); or

o    regular contributions to a traditional IRA made after you reach
     age 70-1/2; or

o    rollover contributions of amounts which are not eligible to be
     rolled over, for example, minimum distributions required to be made after
     age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1)  the rollover was from an eligible retirement plan to a traditional IRA;

(2)  the excess contribution was due to incorrect information that the plan
     provided; and

(3)  you took no tax deduction for the excess contribution.

RECHARACTERIZATIONS

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.


WITHDRAWALS, PAYMENTS AND TRANSFERS OF FUNDS OUT OF TRADITIONAL IRAS

NO FEDERAL INCOME TAX LAW RESTRICTIONS ON WITHDRAWALS. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

TAXATION OF PAYMENTS. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible
traditional IRA contributions (less any amounts previously withdrawn tax free)
to the total account balances of all traditional IRAs you own at the end of the
year plus all traditional IRA distributions made during the year. Multiply this
by all distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o    the amount received is a withdrawal of excess contributions, as
     described under "Excess contributions" earlier in this section; or

o    the entire amount received is rolled over to another traditional
     IRA or other eligible retirement plan which agrees to accept the funds.
     (See "Rollovers from eligible retirement plans other than traditional
     IRAs" under "Rollover and transfer contributions to traditional IRAs"
     earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.



66  Tax information




REQUIRED MINIMUM DISTRIBUTIONS

BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS
Distributions must be made from traditional IRAs according to rules contained
in the Code and Treasury Regulations. Beginning in 2006, certain provisions of
the Treasury Regulations require that the actuarial present value of additional
annuity contract benefits must be added to the dollar amount credited for
purposes of calculating certain types of required minimum distributions from
individual retirement annuity contracts. For this purpose additional annuity
contract benefits may include, but are not limited to, guaranteed minimum
income benefits and enhanced death benefits. This could increase the amount
required to be distributed from these contracts if you take annual withdrawals
instead of annuitizing. Please consult your tax adviser concerning
applicability of these complex rules to your situation.

LIFETIME REQUIRED MINIMUM DISTRIBUTIONS. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

WHEN YOU HAVE TO TAKE THE FIRST LIFETIME REQUIRED MINIMUM DISTRIBUTION. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that
year--the delayed one for the first year and the one actually for that year.
Once minimum distributions begin, they must be made at some time each year.

HOW YOU CAN CALCULATE REQUIRED MINIMUM DISTRIBUTIONS. There are two approaches
to taking required minimum distributions -- "account-based" or "annuity-based."


ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

DO YOU HAVE TO PICK THE SAME METHOD TO CALCULATE YOUR REQUIRED MINIMUM
DISTRIBUTIONS FOR ALL OF YOUR TRADITIONAL IRAS AND OTHER RETIREMENT PLANS? No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

WILL WE PAY YOU THE ANNUAL AMOUNT EVERY YEAR FROM YOUR TRADITIONAL IRA BASED ON
THE METHOD YOU CHOOSE? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

WHAT IF YOU TAKE MORE THAN YOU NEED TO FOR ANY YEAR? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

WHAT IF YOU TAKE LESS THAN YOU NEED TO FOR ANY YEAR? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

WHAT ARE THE REQUIRED MINIMUM DISTRIBUTION PAYMENTS AFTER YOU DIE? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

INDIVIDUAL BENEFICIARY. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expect-


                                                             Tax information  67




ancy using the IRS-provided life expectancy tables as of the calendar year
after the owner's death and reduces that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

SPOUSAL BENEFICIARY. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from your
traditional IRA into his/her own traditional IRA or other eligible retirement
plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

NON-INDIVIDUAL BENEFICIARY. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

SPOUSAL CONTINUATION

If the contract is continued under spousal continuation then no amounts are
required to be paid until after your surviving spouse's death.

PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH

IRA death benefits are taxed the same as IRA distributions.

BORROWING AND LOANS ARE PROHIBITED TRANSACTIONS

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

EARLY DISTRIBUTION PENALTY TAX

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    used to pay certain extraordinary medical expenses (special fed
     eral income tax definition); or

o    used to pay medical insurance premiums for unemployed indi
     viduals (special federal income tax definition); or

o    used to pay certain first-time home buyer expenses (special fed
     eral income tax definition; $10,000 lifetime total limit for these
     distributions from all your traditional and Roth IRAs); or

o    used to pay certain higher education expenses (special federal
     income tax definition); or


o    in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy) or over the joint
     lives of you and your beneficiary (or your joint life expectancies using
     an IRS-approved distribution method). We do not anticipate that Guaranteed
     annual payments made under the Guaranteed withdrawal benefit for life's
     Maximum or Customized payment plan or taken as partial withdrawals will
     qualify for this exception if made before age 59-1/2.


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially
equal withdrawals and Income Manager(SM) payments are not subject to the 10%
penalty tax, they are taxable as discussed in "Withdrawals, payments and
transfers of funds out of traditional IRAs" above. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under this option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.


68  Tax information




ROTH INDIVIDUAL RETIREMENT ANNUITIES (ROTH IRAS)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Select(SM) Roth Conversion IRA contract is designed to
qualify as a Roth individual retirement annuity under Sections 408A(b) and
408(b) of the Internal Revenue Code.

CONTRIBUTIONS TO ROTH IRAS

Individuals may make four different types of contributions to a Roth IRA:

o    regular after-tax contributions out of earnings; or

o    taxable rollover contributions from traditional IRAs ("conversion"
     contributions); or

o    tax-free rollover contributions from other Roth arrangements; or

o    tax-free direct custodian-to-custodian transfers from other Roth
     IRAs ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in
this section. If you use the forms we require, we will also accept traditional
IRA funds which are subsequently recharacterized as Roth IRA funds following
special federal income tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


REGULAR CONTRIBUTIONS TO ROTH IRAS


LIMITS ON REGULAR CONTRIBUTIONS. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability
to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):

o    your federal income tax filing status is "married filing jointly" and
     your modified adjusted gross income is over $160,000 (for 2007, $166,000
     after adjustment); or

o    your federal income tax filing status is "single" and your modified
     adjusted gross income is over $110,000 (for 2007, $114,000 after
     adjustment).


However, you can make regular Roth IRA contributions in reduced amounts when:


o    your federal income tax filing status is "married filing jointly" and
     your modified adjusted gross income is between $150,000 and $160,000 (for
     2007, between $156,000 and $166,000 after adjustment); or

o    your federal income tax filing status is "single" and your modified
     adjusted gross income is between $95,000 and $110,000 (for 2007, between
     $99,000 and $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

WHEN YOU CAN MAKE CONTRIBUTIONS. Same as traditional IRAs.

DEDUCTIBILITY OF CONTRIBUTIONS. Roth IRA contributions are not tax deductible.

ROLLOVERS AND DIRECT TRANSFERS

WHAT IS THE DIFFERENCE BETWEEN ROLLOVER AND DIRECT TRANSFER TRANSACTIONS?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o    another Roth IRA ("tax-free rollover contribution");

o    a "designated Roth contribution account" under a 401(k) plan or
     a 403(b) arrangement;

o    another traditional IRA, including a SEP-IRA or SIMPLE IRA (after
     a two-year rollover limitation period for SIMPLE IRA funds), in a taxable
     conversion rollover ("conversion contribution");

o    you may not make contributions to a Roth IRA from a qualified
     plan under section 401(a) of the Internal Revenue Code, a TSA under
     section 403(b) of the Internal Revenue Code or any other


                                                             Tax information  69





     eligible retirement plan until 2008. You may make rollover contributions
     from a "designated Roth contribution account" under a 401(k) plan or a
     403(b) arrangement which permits designated Roth elective deferral
     contributions to be made, beginning in 2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.


CONVERSION CONTRIBUTIONS TO ROTH IRAS

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

RECHARACTERIZATIONS

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

HOW TO RECHARACTERIZE. To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

70  Tax information




The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

WITHDRAWALS, PAYMENTS AND TRANSFERS OF FUNDS OUT OF ROTH IRAS

NO FEDERAL INCOME TAX LAW RESTRICTIONS ON WITHDRAWALS. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

DISTRIBUTIONS FROM ROTH IRAS

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o    rollovers from a Roth IRA to another Roth IRA;

o    direct transfers from a Roth IRA to another Roth IRA;

o    qualified distributions from a Roth IRA; and

o    return of excess contributions or amounts recharacterized to a
     traditional IRA.

QUALIFIED DISTRIBUTIONS FROM ROTH IRAS. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o    you are age 59-1/2 or older; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    your distribution is a "qualified first-time homebuyer distribution"
     (special federal income tax definition; $10,000 lifetime total limit for
     these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

NONQUALIFIED DISTRIBUTIONS FROM ROTH IRAS. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally, total
     conversions from the earliest year first). These conversion contributions
     are taken into account as follows:

     (a)  Taxable portion (the amount required to be included in gross income
          because of conversion) first, and then the

     (b)  Nontaxable portion.

(3)  Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1)  All distributions made during the year from all Roth IRAs you maintain --
     with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contribu tions made
     after the close of the year, but before the due date of your return) are
     added together. This total is added to the total undistributed regular
     contributions made in prior years.


(3)  All conversion contributions made during the year are added together. For
     purposes of the ordering rules, in the case of any conversion in which the
     conversion distribution is made in 2007 and the conversion contribution is
     made in 2008, the conversion contribution is treated as contributed prior
     to other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

REQUIRED MINIMUM DISTRIBUTIONS DURING LIFE

Lifetime required minimum distributions do not apply.

REQUIRED MINIMUM DISTRIBUTIONS AT DEATH

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.


                                                             Tax information  71




BORROWING AND LOANS ARE PROHIBITED TRANSACTIONS

Same as traditional IRA.

EXCESS CONTRIBUTIONS

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

EARLY DISTRIBUTION PENALTY TAX

Same as traditional IRA.


TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

GENERAL

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004 the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could affect the tax qualification of the TSA and could be taxable. Were the
IRS to take any adverse position, AXA Equitable would take all reasonable steps
to attempt to avoid any adverse result, which would include amending the
contract (with appropriate notice to you). You should discuss with your tax
adviser whether you should consider purchasing an Accumulator(R) Select(SM)
Rollover TSA contract with the optional Earnings enhancement benefit.

CONTRIBUTIONS TO TSAS

There are two ways you can make contributions to establish this Accumulator(R)
Select(SM) Rollover TSA contract:

o    a full or partial direct transfer of assets ("direct transfer") from
     another contract or arrangement that meets the requirements of Section
     403(b) of the Internal Revenue Code by means of IRS Revenue Ruling 90-24;
     or

o    a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R)
Select(SM) TSA. We do not accept "designated Roth contributions" rolled over
from a 401(k) plan or a 403(b) arrangement or directly transferred from another
403(b) arrangement.

EMPLOYER-REMITTED CONTRIBUTIONS. The Accumulator(R) Select(SM) Rollover TSA
contract does not accept employer-remitted contributions. However, we provide
the following discussion as part of our description of restrictions on the
distribution of funds directly transferred, which include employer-remitted
contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contributions as
"designated Roth contributions" to the 403(b) arrangement which are made on an
after-tax basis. However, a TSA can also be wholly or partially funded through
nonelective employer contributions or other after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal restrictions. Also, all amounts attributable to
investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

ROLLOVER OR DIRECT TRANSFER CONTRIBUTIONS. Once you establish your Rollover TSA
with 403(b)-source funds, you may make subsequent rollover contributions to
your Rollover TSA contract from these sources:


72  Tax information




qualified plans, governmental employer 457(b) plans and traditional IRAs, as
well as other TSAs and 403(b) arrangements. All rollover contributions must be
pre-tax funds only with appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o    termination of employment with the employer who provided the
     funds for the plan; or

o    reaching age 59-1/2 even if you are still employed; or

o    disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o    you give us acceptable written documentation as to the source of
     the funds; and

o    the Accumulator(R) Select(SM) contract receiving the funds has provi
     sions at least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Select(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Select(SM) TSA must be net of the
required minimum distribution for the tax year in which we issue the contract
if:

o    you are or will be at least age 70-1/2 in the current calendar year,
     and

o    you have retired from service with the employer who provided the

     funds to purchase the TSA you are transferring or rolling over to the
     Accumulator(R) Select(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o    rollover by check of the proceeds from another TSA or eligible
     retirement plan; or

o    direct rollover from another TSA or eligible retirement plan; or

o    direct transfer under Revenue Ruling 90-24 from another TSA.

DISTRIBUTIONS FROM TSAS

GENERAL. Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

WITHDRAWAL RESTRICTIONS. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o    you are severed from employment with the employer who pro
     vided the funds to purchase the TSA you are transferring to the
     Accumulator(R) Select(SM) Rollover TSA; or

o    you reach age 59-1/2; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    you take a hardship withdrawal (special federal income tax defi
     nition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

TAX TREATMENT OF DISTRIBUTIONS. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.


                                                             Tax information  73




If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

DISTRIBUTIONS BEFORE ANNUITY PAYMENTS BEGIN. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

ANNUITY PAYMENTS. Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL") in "Contract
features and benefits" earlier in this Prospectus, as well as GMIB and other
annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment
in the contract is recovered is fully taxable. If you (and your beneficiary
under a joint and survivor annuity) die before recovering the full investment
in the contract, a deduction is allowed on your (or your beneficiary's) final
tax return.


PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


LOANS FROM TSAS. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o    The amount of a loan to a participant, when combined with all other loans
     to the participant from all qualified plans of the employer, cannot exceed
     the lesser of:

(1)  the greater of $10,000 or 50% of the participant's nonforfeitable accrued
     benefits; and

(2)  $50,000 reduced by the excess (if any) of the highest outstand ing loan
     balance over the previous twelve months over the outstanding loan balance
     of plan loans on the date the loan was made.

o    In general, the term of the loan cannot exceed five years unless the loan
     is used to acquire the participant's primary residence. Accumulator(R)
     Select(SM) Rollover TSA contracts have a term limit of 10 years for loans
     used to acquire the participant's primary residence.

o    All principal and interest must be amortized in substantially level
     payments over the term of the loan, with payments being made at least
     quarterly. In very limited circumstances, the repayment obligation may be
     temporarily suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o    the loan does not qualify under the conditions above;

o    the participant fails to repay the interest or principal when due; or

o    in some instances, the participant separates from service with the
     employer who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same employer, a defaulted loan which has not been
fully repaid is treated as still outstanding, even after the default is
reported to the IRS on Form 1099-R. The amount treated as still outstanding
(which limits subsequent loans) includes interest accruing on the unpaid
balance.


See Appendix VI later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.

TAX-DEFERRED ROLLOVERS AND DIRECT TRANSFERS. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.

You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may


74  Tax information





also roll over death benefits as above. Beginning in 2007, a non-spousal death
beneficiary may also be able to make rollover contributions to an individual
retirement plan under certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances. .


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

REQUIRED MINIMUM DISTRIBUTIONS

Generally the same as traditional IRA with these differences:

WHEN YOU HAVE TO TAKE THE FIRST REQUIRED MINIMUM DISTRIBUTION.
The minimum distribution rules force TSA participants to start calculating and
taking annual distributions from their TSAs by a required date. Generally, you
must take the first required minimum distribution for the calendar year in
which you turn age 70-1/2. You may be able to delay the start of required
minimum distributions for all or part of your account balance until after age
70-1/2, as follows:

o    For TSA participants who have not retired from service with the
     employer who provided the funds for the TSA by the calendar year the
     participant turns age 70-1/2, the required beginning date for minimum
     distributions is extended to April 1 following the calendar year of
     retirement.

o    TSA plan participants may also delay the start of required mini
     mum distributions to age 75 of the portion of their account value
     attributable to their December 31, 1986, TSA account balance, even if
     retired at age 70-1/2. We will know whether or not you qualify for this
     exception because it will only apply to people who establish their
     Accumulator(R) Select(SM) Rollover TSA by direct Revenue Ruling 90-24
     transfers. If you do not give us the amount of your December 31, 1986,
     account balance that is being transferred to the Accumulator(R) Select(SM)
     Rollover TSA on the form used to establish the TSA, you do not qualify.

SPOUSAL CONSENT RULES

This will only apply to you if you establish your Accumulator(R) Select(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell
us on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.


EARLY DISTRIBUTION PENALTY TAX

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    to pay for certain extraordinary medical expenses (special federal
     income tax definition); or

o    in any form of payout after you have separated from service (only
     if the separation occurs during or after the calendar year you reach age
     55); or

o    in a payout in the form of substantially equal periodic payments
     made at least annually over your life (or your life expectancy), or over
     the joint lives of you and your beneficiary (or your joint life
     expectancies) using an IRS-approved distribution method (only after you
     have separated from service at any age). We do not anticipate that
     Guaranteed annual payments made under the Guaranteed withdrawal benefit
     for life's Maximum or Customized payment plan or taken as lump sums will
     qualify for this exception if made before age 59-1/2.


FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o    We might have to withhold and/or report on amounts we pay
     under a free look or cancellation.

                                                             Tax information  75




o    We are generally required to withhold on conversion rollovers of
     traditional IRAs to Roth IRAs, as it is considered a withdrawal from the
     traditional IRA and is taxable.

o    We are required to withhold on the gross amount of a distribu
     tion from a Roth IRA to the extent it is reasonable for us to believe that
     a distribution is includable in your gross income. This may result in tax
     being withheld even though the Roth IRA distribution is ultimately not
     taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However we may require additional documentation in the case of
payments made to non United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.


FEDERAL INCOME TAX WITHHOLDING ON PERIODIC ANNUITY PAYMENTS

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at anytime.



FEDERAL INCOME TAX WITHHOLDING ON NON-PERIODIC ANNUITY PAYMENTS (WITHDRAWALS)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

MANDATORY WITHHOLDING FROM TSA AND QUALIFIED PLAN DISTRIBUTIONS

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o    any distributions which are required minimum distributions after
     age 70-1/2 or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    a death benefit payment to a beneficiary who is not your surviv-
     ing spouse; or

o    a qualified domestic relations order distribution to a beneficiary
     who is not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.


IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.


76  Tax information




8. More information

- --------------------------------------------------------------------------------

ABOUT OUR SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account's operations are accounted
for without regard to AXA Equitable's other operations. The amount of some of
our obligations under the contracts is based on the assets in Separate Account
No. 49. However, the obligations themselves are obligations of AXA Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although the Separate Account No. 49 is registered, the SEC
does not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within Separate Account No. 49
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from the Separate Account or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate the Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against the Separate Account or
     a variable investment option directly);

(5)  to deregister the Separate Account under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Account;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.


ABOUT THE TRUSTS
The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.
The Trusts do not impose sales charges or "loads" for buying and selling its
shares. All dividends and other distributions on Trust shares are reinvested in
full. The Board of Trustees of the Trusts may establish additional portfolios
or eliminate existing portfolios at any time. More detailed information about
each Trust, its portfolio investment objectives, policies, restrictions, risks,
expenses, its Rule 12b-1 Plan and other aspects of its operations, appears in
the prospectuses for each Trust which generally accompany this Prospectus, or
in their respective SAIs which are available upon request.


ABOUT OUR FIXED MATURITY OPTIONS


RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE
We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.
FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:






- --------------------------------------------------------------
    Fixed Maturity
   Options with
   February 15th        Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- --------------------------------------------------------------
                                    
        2008             3.30%            $ 96.81
        2009             3.34%            $ 93.63
        2010             3.39%            $ 90.47
        2011             3.48%            $ 87.20
        2012             3.58%            $ 83.86
        2013             3.65%            $ 80.63
        2014             3.72%            $ 77.42
        2015             3.76%            $ 74.42
        2016             3.84%            $ 71.22
        2017             3.89%            $ 68.25
- --------------------------------------------------------------



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HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw all of your value from a fixed
maturity option before its maturity date.


(1)  We determine the market adjusted amount on the date of the withdrawal as
     follows:

     (a)  We determine the fixed maturity amount that would be payable on the
          maturity date, using the rate to maturity for the fixed maturity
          option.

     (b)  We determine the period remaining in your fixed maturity option (based
          on the withdrawal date) and convert it to fractional years based on a
          365-day year. For example, three years and 12 days becomes 3.0329.

     (c)  We determine the current rate to maturity for your FMO based on the
          rate for a new FMO issued on the same date and having the same
          maturity date as your FMO; if the same maturity date is not available
          for new FMOs, we determine a rate that is between the rates for new
          FMO maturities that immediately precede and immediately follow your
          FMOs maturity date.

     (d)  We determine the present value of the fixed maturity amount payable at
          the maturity date, using the period determined in (b) and the rate
          determined in (c).

(2)  We determine the fixed maturity amount as of the current date.

(3)  We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. See Appendix II at the end of
this Prospectus for an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) above would
apply, we will use the rate at the next closest maturity date. If we are no
longer offering new fixed maturity option, the "current rate to maturity" will
be determined by using a widely-published Index. We reserve the right to add up
to 0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.


INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.


ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and fixed maturity
options, as well as our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.


ABOUT OTHER METHODS OF PAYMENT


WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such


78  More information




transmittals must be accompanied by information we require to allocate your
contribution. Wire orders not accompanied by complete information may be
retained as described under "How you can make your contributions" under
"Contract features and benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.


AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA, Inherited IRA Beneficiary Contntinuation
(traditional IRA and Roth IRA) or Rollover TSA contracts. Please see Appendix
VI later in this Prospectus to see if the automatic investment program is
available in your state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

For contracts with GWBL, AIP will be automatically terminated after the later
of : (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end of the first six months.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.


DATES AND PRICES AT WHICH CONTRACT
EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.


BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o  If your contribution, transfer or any other transaction request, containing
   all the required information, reaches us on a non-business day or after 4:00
   p.m. on a business day, we will use the next business day.

o  A loan request under your Rollover TSA contract will be processed on the
   first business day of the month following the date on which the properly
   completed loan request form is received.

o  If your transaction is set to occur on the same day of the month as the
   contract date and that date is the 29th, 30th or 31st of the month, then the
   transaction will occur on the 1st day of the next month.

o  When a charge is to be deducted on a contract date anniversary that is a
   non-business day, we will deduct the charge on the next business day.


o  If we have entered into an agreement with your broker-dealer for automated
   processing of contributions upon receipt of customer order, your contribution
   will be considered received at the time your broker-dealer receives your
   contribution and all information needed to process your application, along
   with any required documents, and transmits your order to us in accordance
   with our processing procedures. Such arrangements may apply to initial
   contributions, subsequent contributions, or both, and may be commenced or
   terminated at any time without prior notice. If required by law, the "closing
   time" for such orders will be earlier than 4:00 p.m., Eastern Time.



CONTRIBUTIONS AND TRANSFERS


o  Contributions allocated to the variable investment options are invested at
   the unit value next determined after the receipt of the contribution.



                                                            More information  79




o  Contributions allocated to the guaranteed interest option will receive the
   crediting rate in effect on that business day for the specified time period.

o  Contributions allocated to a fixed maturity option will receive the rate to
   maturity in effect for that fixed maturity option on that business day
   (unless a rate lock-in is applicable).


o  Transfers to or from variable investment options will be made at the unit
   value next determined after the receipt of the transfer request.


o  Transfers to a fixed maturity option will be based on the rate to maturity in
   effect for that fixed maturity option on the business day of the transfer.


o  Transfers to the guaranteed interest option will receive the crediting rate
   in effect on that business day for the specified time period.

o  For the interest sweep option, the first monthly transfer will occur on the
   last business day of the month following the month that we receive your
   election form at our processing office.


ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o  the election of trustees; or

o  the formal approval of independent public accounting firms selected for each
   Trust; or

o  any other matters described in each prospectus for the Trusts or requiring a
   shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.


SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.


ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distributions of the contracts.


FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.


TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
written notification of any change at our processing office. You cannot assign
your NQ contract as collateral or security for a loan. Loans are also not
available under your NQ contract. In some cases, an assignment or change of
ownership may have adverse tax consequences. See "Tax information" earlier in
this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, the
Earnings enhancement benefit, a PGB, and/or the Guaranteed withdrawal for life
("Benefit"), generally the Benefit will automatically terminate if you change
ownership of the contract or if you assign the owner's right to change the
beneficiary or person to whom annuity payments will be made. However, the
Benefit will not terminate if the ownership of the contract is transferred from
a non-natural owner to an individual but the contract will continue to be based
on the annuitant's life. Please speak with your financial professional for
further information. See Appendix VI later in this Prospectus for any state
variations with regard to terminating any benefits under your contract.


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You cannot assign or transfer ownership of Rollover IRA, Roth Conversion IRA or
Rollover TSA contract except by surrender to us. If your individual retirement
annuity contract is held in your custodial individual retirement account, you
may only assign or transfer ownership of such an IRA contract to yourself.
Loans are not available (except for Rollover TSA contracts) and you cannot
assign Rollover IRA, Roth Conversion IRA or Rollover TSA contracts as security
for a loan or other obligation. If the employer that provided the funds does
not restrict them, loans are available under a Rollover TSA contract.

For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA or Rollover TSA contract to another similar arrangement under
federal income tax rules.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.


DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 1.00% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 2.00% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Select(SM) on a company and/or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Sell-



dealer or, in the case of conference support, such payments may be a fixed
amount. The Distributors may also make fixed payments to Sell-


                                                             More information 81





ing broker-dealers in connection with the initiation of a new relationship or
the introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.



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9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


                             Incorporation of certain documents by reference  83




Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.70%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION.




- -----------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                            -----------------------------------------------------------
                                                                 2006        2005        2004        2003        2002
- -----------------------------------------------------------------------------------------------------------------------
                                                                                             
 AXA Aggressive Allocation
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.43     $ 12.45     $ 11.72     $ 10.66          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,109       1,519         656          32          --
- -----------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.31     $ 10.82     $ 10.74     $ 10.30          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,800       1,000         281           1          --
- -----------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.96     $ 11.19     $ 11.02     $ 10.41          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,022       2,176         414          84          --
- -----------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  46.21     $ 42.61     $ 41.36     $ 38.70     $ 33.05
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,325       1,725         893         383          86
- -----------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.82     $ 12.28     $ 11.71     $ 10.66          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      14,705       6,917       2,788          46          --
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  55.37     $ 53.59     $ 50.38     $ 45.72     $ 33.82
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          47          25          28          10           4
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.30     $ 11.08     $ 11.07     $ 10.84     $ 10.63
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,030       1,611       1,424       1,202         628
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.87     $ 11.49     $ 10.93     $  9.91     $  7.87
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         400         338         284         143          57
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  30.26     $ 28.00     $ 27.64     $ 25.87     $ 21.48
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         758         755         771         557         125
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  16.64     $ 13.51     $ 11.90     $ 10.27     $  7.78
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,030         783         806         360         135
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.11     $ 10.85     $ 10.34     $  9.59     $  7.61
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         453         353         272         238         104
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   9.47     $  9.62     $  9.10     $  8.68     $  6.76
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,014         980         876         792         408
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.10     $ 12.02     $ 11.42     $ 10.15     $  7.88
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,363       1,238       1,242         726         316
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.74     $  9.96     $  9.35     $  8.52     $  6.18
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,035       1,075       1,055         731         292
- -----------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.68     $ 12.13     $ 11.49     $ 10.15     $  7.34
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1010         876       1,011         560         206
- -----------------------------------------------------------------------------------------------------------------------



A-1 Appendix I: Condensed financial information




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION. (CONTINUED)




- -------------------------------------------------------------------------------------------------------------------
                                                                       For the years ending December 31,
                                                            -------------------------------------------------------
                                                                 2006       2005       2004       2003       2002
- -------------------------------------------------------------------------------------------------------------------
                                                                                          
 AXA Premier VIP Technology
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.41   $   9.87   $   9.02   $   8.74   $   5.64
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         350        311        306         98         14
- -------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $239.37   $ 219.99   $ 214.55   $ 191.26   $ 130.09
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          73         73         64         29          9
- -------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 32.85   $  28.19   $  27.18   $  24.60   $  19.19
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         563        618        549        371        133
- -------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.92   $  17.67   $  17.76   $  17.72   $  17.65
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         376        481        416        458        259
- -------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.67   $  14.55   $  12.84   $  11.05   $   8.32
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,508      1,037        649        530        142
- -------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.80   $   6.96   $   6.16   $   5.78   $   4.77
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,042      1,055        981        856        341
- -------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 15.63   $  15.31   $  15.27   $  14.97   $  14.71
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         590        573        555        512        198
- -------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.56   $  16.39   $  14.95   $  13.34   $   9.63
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         462        372        312        478        121
- -------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.38   $  14.57   $  14.06   $  12.60   $   9.96
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,507      2,363      2,169      1,481        530
- -------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.31   $  10.35         --         --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         123         40         --         --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.91   $  10.94         --         --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         429        784         --         --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.59   $   5.78   $   5.54         --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         504        326         15         --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  8.81   $   8.51   $   7.96   $   7.82   $   6.22
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         353        314        204        249         42
- -------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.67   $  12.00   $  11.62   $  11.20   $   9.19
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,484        351        160        164         40
- -------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.13   $  12.06   $  10.47   $   9.38   $   7.19
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,208      2,337      1,926      1,026        282
- -------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.72   $  11.55   $  11.08   $  10.16   $   7.86
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,393      1,585      1,200        776        200
- -------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.24   $  11.33   $  10.87   $  10.12   $   7.55
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,611      2,349      2,037      1,222        345
- -------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-2





UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION. (CONTINUED)




- -----------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                            -----------------------------------------------------------
                                                                 2006        2005        2004        2003        2002
- -----------------------------------------------------------------------------------------------------------------------
                                                                                             
 EQ/Caywood-Scholl High Yield Bond
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.01     $ 10.37          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         225          81          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.84          --          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         216          --          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 28.64     $ 25.31     $ 24.66     $ 22.76     $ 18.11
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,418       1,604       1,386       1,074         399
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.90     $  9.74          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         185           8          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  8.67     $  8.33     $  8.15     $  7.75     $  5.70
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         215         280         377         218          32
- -----------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.57     $ 11.47     $ 10.97     $  9.62     $  6.81
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,890       1,556       1,391         883         285
- -----------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.96     $ 15.34     $ 14.02     $ 12.10     $  9.24
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,156       1,107       1,007         636         237
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.42          --          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         368          --          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.81          --          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          38          --          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.56     $ 10.48          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         193          77          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 25.76     $ 22.05     $ 21.50          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         233          79           9          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.17     $ 11.47          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         269          56          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.22     $  6.26     $  5.93     $  5.38     $  4.35
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         886         788          70         561         192
- -----------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 13.88     $ 13.57     $ 13.50     $ 13.20     $ 12.99
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,477       1,527       1,343       1,175         441
- -----------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 15.53     $ 13.12     $ 12.84     $ 11.78     $  9.45
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         351         347         370         307         128
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.17     $ 10.63          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         532         144          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.98     $  9.98          --          --          --
- -----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         135         173          --          --          --
- -----------------------------------------------------------------------------------------------------------------------



A-3 Appendix I: Condensed financial information





UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION. (CONTINUED)




- ----------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending December 31,
                                                            ----------------------------------------------------------
                                                                 2006        2005        2004        2003       2002
- ----------------------------------------------------------------------------------------------------------------------
                                                                                             
 EQ/Lord Abbett Growth and Income
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.18     $ 10.57          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         308          83          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.67     $ 10.54          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         196          84          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.29     $ 11.12          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         591         290          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.13     $ 15.01     $ 13.79     $ 12.69    $  9.85
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,714       2,354       1,938       1,510        386
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 23.37     $ 19.66     $ 19.43     $ 17.87    $ 13.86
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         856         849         802         502        184
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 22.13     $ 17.91     $ 16.44     $ 13.75    $ 10.92
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1052         782         522         441        161
- ----------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.58     $ 13.76     $ 12.84     $ 11.60    $  9.12
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         192         184         149          93         38
- ----------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.28     $  9.26     $  8.79     $  8.03    $  6.69
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         510         603         610         598        229
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 26.86     $ 26.15     $ 25.92     $ 26.17    $ 26.47
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1102         845         349         434        630
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  4.77     $  4.49     $  4.34          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          83          72          22          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.70          --          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         258          --          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.08          --          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          83          --          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.92          --          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          20          --          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.09          --          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          19          --          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.78     $  9.91          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         730         286          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.17     $  9.96          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         202          60          --          --         --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 19.05     $ 16.69     $ 16.22     $ 14.09    $ 10.43
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1201         991         884         641        270
- ----------------------------------------------------------------------------------------------------------------------



                                 Appendix I: Condensed financial information A-4





UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION. (CONTINUED)




- -------------------------------------------------------------------------------------------------------------------
                                                                       For the years ending December 31,
                                                            -------------------------------------------------------
                                                                2006       2005       2004        2003       2002
- -------------------------------------------------------------------------------------------------------------------
                                                                                          
 EQ/Small Company Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 8.54    $  7.89    $  7.46          --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        475        242         59          --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $16.60    $ 14.35    $ 14.00     $ 12.10     $ 8.44
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        744        596        575         449        122
- -------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $15.46    $ 16.39    $ 16.03          --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         47         41          6          --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $10.75         --         --          --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        178         --         --          --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 6.07    $  5.41    $  5.05          --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        104         69         --          --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $11.85    $ 10.40         --          --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        602        296         --          --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $18.23    $ 13.53    $ 10.37     $  8.53     $ 5.56
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1239        755        609         457         69
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $13.26    $ 12.34         --          --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        297        179         --          --         --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $14.12    $ 11.86    $ 11.36          --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        147         --          1          --         --
- -------------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $22.83    $ 16.87         --          --         --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        660        410         --          --         --
- -------------------------------------------------------------------------------------------------------------------



A-5 Appendix I: Condensed financial information





Appendix II: Market value adjustment example

- --------------------------------------------------------------------------------

The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000 is made four years later on
February 15, 2011(a)






- ----------------------------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed rate to maturity(j)
                                                                                            February 15, 2011
                                                                               ---------------------------------------------
                                                                                        5.00%               9.00%
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                                
 As of February 15, 2011 before withdrawal
- ----------------------------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                       $141,389            $121,737
- ----------------------------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                        $131,104            $131,104
- ----------------------------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                              $ 10,285            $ (9,367)
- ----------------------------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- ----------------------------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                                   $  3,637            $ (3,847)
- ----------------------------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)         $ 46,363            $ 53,847
- ----------------------------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                           $ 91,389            $ 71,737
- ----------------------------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                                $ 84,741            $ 77,257
- ----------------------------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                               $111,099            $101,287
- ----------------------------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:





       
 (a)      Number of days from the withdrawal date to the maturity date = D = 1,461

 (b)      Market adjusted amount is based on the following calculation:

          Maturity value             $       171,882
          _______________         =  __________________     where j is either 5% or 9%
          (1+j)((D/365))             (1+j)((1,461/365))

 (c)      Fixed maturity amount is based on the following calculation:

          Maturity value             $         171,882
          ______________          =  _____________________
          (1+h)((D/365))             (1+0.07)((1,461/365))

 (d)      Maturity value is based on the following calculation:

          Fixed maturity amount        $84,741 or $77,257
          _____________________   =   _____________________
            (1+h)((D/365))            (1+0.07)((1,461/365))



                                Appendix II: Market value adjustment example B-1





Appendix III: Enhanced death benefit example


- --------------------------------------------------------------------------------


The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.
The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option or the fixed maturity
options), no additional contributions, no transfers, no withdrawals and no
loans under a Rollover TSA contract, the enhanced death benefit for an owner
age 45 would be calculated as follows:






- --------------------------------------------------------------------------------------------------------
   End of
 contract                        6% Roll-Up to age 85     Annual Ratchet to age 85      GWBL Enhanced
   year        Account value   enhanced death benefit     enhanced death benefit      death benefit
- --------------------------------------------------------------------------------------------------------
                                                                        
     1          $105,000            $  106,000(3)              $  105,000(1)           $  105,000(5)
     2          $115,500            $  112,360(3)              $  115,500(1)           $  115,500(5)
     3          $129,360            $  119,102(3)              $  129,360(1)           $  129,360(5)
     4          $103,488            $  126,248(4)              $  129,360(2)           $  135,828(6)
     5          $113,837            $  133,823(4)              $  129,360(2)           $  142,296(6)
     6          $127,497            $  141,852(4)              $  129,360(2)           $  148,764(6)
     7          $127,497            $  150,363(4)              $  129,360(2)           $  155,232(6)
- --------------------------------------------------------------------------------------------------------




The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.


ANNUAL RATCHET TO AGE 85

(1)  At the end of contract years 1 through 3, the death benefit is the current
     account value.

(2)  At the end of contract years 4 through 7, the enhanced death benefit is the
     enhanced death benefit at the end of the prior year since it is equal to or
     higher than the current account value.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.

(3)  At the end of contract years 2 and 3, the death benefit will be the current
     account value.

(4)  At the end of contract years 1 and 4 through 7, the death benefit will be
     the enhanced death benefit.


GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.

(5)  At the end of contract years 1 through 3, the death benefit is the current
     account value.

(6)  At the end of contract years 4 through 7, the death benefit is the enhanced
     death benefit.


C-1 Appendix III: Enhanced death benefit example





Appendix IV: Hypothetical illustrations


- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
                                   BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to Age 85 or Annual Ratchet to age 85"
guaranteed minimum death benefit, the Earnings enhancement benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) Select(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single $100,000
contribution and takes no withdrawals. The amounts shown are for the beginning
of each contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying Portfolios (as described
below), the corresponding net annual rates of return would be (3.01)%,2.99% for
the Accumulator(R) Select(SM) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges but they do not reflect the charges we deduct from your
account value annually for the optional Guaranteed minimum death benefit, the
Earnings enhancement benefit and the Guaranteed minimum income benefit
features, as well as the annual administrative charge. If the net annual rates
of return did reflect these charges, the net annual rates of return would be
lower; however, the values shown in the following tables reflect the following
contract charges: the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age
85 Guaranteed minimum death benefit charge, the Earnings enhancement benefit
charge, the Guaranteed minimum income benefit charge and any applicable
administrative charge. The values shown under "Lifetime annual guaranteed
minimum income benefit" reflect the lifetime income that would be guaranteed if
the Guaranteed minimum income benefit is selected at that contract date
anniversary. An "N/A" in these columns indicates that the benefit is not
exercisable in that year. A "0" under any of the death benefit and/or "Lifetime
annual guaranteed minimum income benefit" columns indicates that the contract
has terminated due to insufficient account value. However, the Guaranteed
minimum income benefit has been automatically exercised and the owner is
receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.


                                     Appendix IV: Hypothetical illustrations D-1





Variable deferred annuity
Accumulator(R) Select(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 Guaranteed
  minimum death benefit
  Earnings enhancement benefit
  Guaranteed minimum income benefit





                                                        Greater of 6% Roll-
                                                        Up to age 85 or the                              Lifetime Annual
                                                         Annual Ratchet to  Total Death Benefit Guaranteed Minimum Income Benefit
                                                         age 85 Guaranteed   with the Earnings  ----------------------------------
                                                           Minimum                                 Guaranteed       Hypothetical
                   Account Value         Cash Value     Benefit    Death    enhancement benefit      Income            Income
       Contract ------------------- ------------------- ------------------- ------------------- ----------------- ----------------
         Year       0%        6%        0%        6%        0%        6%        0%        6%       0%       6%       0%       6%
 Age  --------- --------- --------- --------- --------- --------- --------- --------- --------- -------- -------- -------- -------
                                                                                    
 60        1     100,000   100,000   100,000   100,000   100,000  100,000    100,000  100,000      N/A     N/A       N/A     N/A
 61        2      95,326   101,305    95,326   101,305   106,000  106,000    108,400  108,400      N/A     N/A       N/A     N/A
 62        3      90,728   102,564    90,728   102,564   112,360  112,360    117,304  117,304      N/A     N/A       N/A     N/A
 63        4      86,200   103,772    86,200   103,772   119,102  119,102    126,742  126,742      N/A     N/A       N/A     N/A
 64        5      81,735   104,923    81,735   104,923   126,248  126,248    136,747  136,747      N/A     N/A       N/A     N/A
 65        6      77,325   106,009    77,325   106,009   133,823  133,823    147,352  147,352      N/A     N/A       N/A     N/A
 66        7      72,962   107,023    72,962   107,023   141,852  141,852    158,593  158,593      N/A     N/A       N/A     N/A
 67        8      68,638   107,958    68,638   107,958   150,363  150,363    170,508  170,508      N/A     N/A       N/A     N/A
 68        9      64,347   108,804    64,347   108,804   159,385  159,385    183,139  183,139      N/A     N/A       N/A     N/A
 69       10      60,080   109,554    60,080   109,554   168,948  168,948    196,527  196,527      N/A     N/A       N/A     N/A
 74       15      38,763   111,475    38,763   111,475   226,090  226,090    276,527  276,527    14,266  14,266    14,266  14,266
 79       20      16,695   109,178    16,695   109,178   302,560  302,560    383,584  383,584    20,393  20,393    20,393  20,393
 84       25           0   100,560         0   100,560         0  404,893          0  493,179         0  34,821         0  34,821
 89       30           0    97,829         0    97,829         0  429,187          0  517,472      N/A     N/A       N/A     N/A
 94       35           0    97,815         0    97,815         0  429,187          0  517,472      N/A     N/A       N/A     N/A
 95       36           0    97,812         0    97,812         0  429,187          0  517,472      N/A     N/A       N/A     N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.


D-2 Appendix IV: Hypothetical illustrations




Appendix V: Earnings enhancement benefit example

- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:



                                                                 No Withdrawal   $3000 withdrawal   $6000 withdrawal
   ------------------------------------------------------------------------------------------------------------------
                                                                                        
A   Initial contribution                                            100,000           100,000            100,000
   ------------------------------------------------------------------------------------------------------------------
B   Death benefit: prior to withdrawal.*                            104,000           104,000            104,000
   ------------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit earnings: death
C   benefit less net contributions (prior to the withdrawal in       4,000             4,000              4,000
    D). B minus A.
   ------------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                         0               3,000              6,000
   ------------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                       0                 0                2,000
    greater of D minus C or zero
   ------------------------------------------------------------------------------------------------------------------
    Net contributions (adjusted for the withdrawal in D)
F                                                                   100,000           100,000            98,000
    A minus E
   ------------------------------------------------------------------------------------------------------------------
    Death benefit (adjusted for the withdrawal in D)
G                                                                   104,000           101,000            98,000
    B minus D
   ------------------------------------------------------------------------------------------------------------------
    Death benefit less net contributions
H                                                                    4,000             1,000                0
    G minus F
   ------------------------------------------------------------------------------------------------------------------
I   Earnings enhancement benefit factor                               40%               40%                40%
   ------------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit
J                                                                    1,600              400                 0
    H times I
   ------------------------------------------------------------------------------------------------------------------
    Death benefit: including Earnings enhancement benefit
K                                                                   105,600           101,400            98,000
    G plus J
   ------------------------------------------------------------------------------------------------------------------


*    The death benefit is the greater of the account value or any applicable
     death benefit.


                            Appendix V: Earnings enhancement benefit example E-1




Appendix VI: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
Select(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus.



STATES WHERE CERTAIN ACCUMULATOR(R) SELECT(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:






- ------------------------------------------------------------------------------------------------------------------------------------
 State        Features and Benefits                                   Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                               
CALIFORNIA   See "Contract features and benefits"--"Your right to    If you reside in the state of California and you are age 60
             cancel within a certain number of days"                 and older at the time the contract is issued, you may return
                                                                     your variable annuity contract within 30 days from the date
                                                                     that you receive it and receive a refund as described below.
                                                                     If you allocate your entire initial contribution to the
                                                                     EQ/Money Market option (and/or guaranteed interest
                                                                     option, if available), the amount of your refund will be equal
                                                                     to your contribution less interest, unless you make a trans-
                                                                     fer, in which case the amount of your refund will be equal to
                                                                     your account value on the date we receive your request to
                                                                     cancel at our processing office. This amount could be less
                                                                     than your initial contribution. If the Principal guarantee ben-
                                                                     efit or Guaranteed withdrawal benefit for life is elected, the
                                                                     investment allocation during the 30 day free look period is
                                                                     limited to the guaranteed interest option. If you allocate any
                                                                     portion of your initial contribution to the variable invest-
                                                                     ment options (other than the EQ/Money Market option)
                                                                     and/or fixed maturity options, your refund will be equal to
                                                                     your account value on the date we receive your request to
                                                                     cancel at our processing office.
- ------------------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA Required disclosure for Pennsylvania customers          Any person who knowingly and with intent to defraud any
                                                                     insurance company or other person files an application for
                                                                     insurance or statement of claim containing any materially
                                                                     false information or conceals for the purpose of misleading,
                                                                     information concerning any fact material thereto commits a
                                                                     fraudulent insurance act, which is a crime and subjects such
                                                                     person to criminal and civil penalties.
- ------------------------------------------------------------------------------------------------------------------------------------
PUERTO RICO  IRA, Roth IRA, Inherited IRA and Rollover TSA contracts Not Available

             Beneficiary continuation option (IRA)                   Not Available
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS        See "Charges that AXA Equitable deducts" under "Annual  o We will deduct the annual administrative charge, on a
             administrative charge" in "Charges and expenses"          pro rata basis, only from your value in the variable invest-
                                                                       ment options. We will not deduct this charge from your
                                                                       value in the guaranteed interest option.
- ------------------------------------------------------------------------------------------------------------------------------------



F-1 Appendix VI: State contract availability and/or variations of certain
features and benefits








- ------------------------------------------------------------------------------------------------------------------------------------
 State      Features and Benefits                                      Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                 
WASHINGTON  Guaranteed interest option                                 Not available

            Investment simplifier -- Fixed-dollar option and Interest  Not available
            sweep option

            Fixed maturity options                                     Not available

            Income Manager(SM) payout option                           Not available

            Earnings enhancement benefit                               Not available

            See "Guaranteed minimum death benefit/Guaranteed mini-     Your "Greater of 4% Roll-Up to Age 85 or Annual Ratchet
            mum income benefit roll-up benefit benefit base reset" in  to age 85 enhanced death benefit" benefit base will reset
            "Contract features and benefits"                           only if your account value is greater than your Guaranteed
                                                                       minimum income benefit base.
            See "Guaranteed minimum death benefit" in "Contract
            features and benefits"
                                                                       You have a choice of the standard death benefit, the Annual
            See "Annual administrative charge" in "Charges and         Ratchet to age 85 enhanced death benefit, or the Greater of
            expenses"                                                  4% Roll-Up to age 85 or Annual Ratchet to age 85
                                                                       enhanced death benefit.

                                                                       The annual administrative charge will be deducted from the
                                                                       value in the variable investment options on a pro rata basis.
- ------------------------------------------------------------------------------------------------------------------------------------



                            Appendix VI: State contract availability and/or
                                 variations of certain features and benefits F-2




Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                           Page

Who is AXA Equitable?                                                       2
Unit Values                                                                 2
Custodian and Independent Registered Public Accounting Firm                 2

Distribution of the Contracts                                               2

Financial Statements                                                        3



How to obtain an Accumulator(R) Select(SM) Statement of Additional Information
for Separate Account No. 49

Send this request form to:
 Accumulator(R) Select(SM)
 P.O. Box 1547
 Secaucus, NJ 07096-1547


Please send me an Accumulator(R) Select(SM) SAI for Separate Account No. 49
dated May 1, 2007.



- --------------------------------------------------------------------------------
Name:


- --------------------------------------------------------------------------------
Address:


- --------------------------------------------------------------------------------
City           State    Zip













                          Select '02, OR, '04, '06, Jumpstart '07 and '07 Series
                                                                          x01482




Accumulator(R) Select(SM)
A combination variable and fixed deferred annuity contract


PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing, or taking any
other action under your contract. You should read the prospectuses for each
Trust which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS THE ACCUMULATOR(R) SELECT(SM)

Accumulator(R) Select(SM) is a deferred annuity contract issued by AXA Equitable
Life Insurance Company. It provides for the accumulation of retirement savings
and for income. The contract offers income and death benefit protection. It
also offers a number of payout options. You invest to accumulate value on a
tax-deferred basis in one or more of our variable investment options, the
guaranteed interest option or fixed maturity options ("investment options").
There is no withdrawal charge under the contract. Certain features and benefits
described in this Prospectus may vary in your state; all features and benefits
may not be available in all contracts, in all states or from all selling
broker-dealers. Please see Appendix VI later in this Prospectus for more
information on state availability and/or variations of certain features and
benefits.



- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
o AXA Aggressive Allocation(1)          o EQ/JPMorgan Core Bond
o AXA Conservative Allocation(1)        o EQ/JPMorgan Value Opportunities
o AXA Conservative-Plus Allocation(1)   o EQ/Legg Mason Value Equity
o AXA Moderate Allocation(1)            o EQ/Long Term Bond
o AXA Moderate-Plus Allocation(1)       o EQ/Lord Abbett Growth and Income
o EQ/AllianceBernstein Common Stock     o EQ/Lord Abbett Large Cap Core
o EQ/AllianceBernstein Growth and       o EQ/Lord Abbett Mid Cap Value
  Income++                              o EQ/Marsico Focus
o EQ/AllianceBernstein Intermediate     o EQ/MFS Emerging Growth Companies+
  Government Securities                 o EQ/MFS Investors Trust+
o EQ/AllianceBernstein International    o EQ/Money Market
o EQ/AllianceBernstein Large Cap        o EQ/Montag & Caldwell Growth
  Growth                                o EQ/Mutual Shares
o EQ/AllianceBernstein Quality Bond     o EQ/Oppenheimer Global
o EQ/AllianceBernstein Small Cap        o EQ/Oppenheimer Main Street
  Growth                                  Opportunity
o EQ/AllianceBernstein Value            o EQ/Oppenheimer Main Street Small
o EQ/Ariel Appreciation II                Cap
o EQ/AXA Rosenberg Value Long/Short     o EQ/PIMCO Real Return
  Equity                                o EQ/Short Duration Bond
o EQ/BlackRock Basic Value Equity*      o EQ/Small Cap Value+
o EQ/BlackRock International Value*     o EQ/Small Company Growth+
o EQ/Boston Advisors Equity Income      o EQ/Small Company Index
o EQ/Calvert Socially Responsible       o EQ/TCW Equity++
o EQ/Capital Guardian Growth            o EQ/Templeton Growth
o EQ/Capital Guardian International+    o EQ/UBS Growth and Income
o EQ/Capital Guardian Research          o EQ/Van Kampen Comstock
o EQ/Capital Guardian U.S. Equity++     o EQ/Van Kampen Emerging Markets
o EQ/Caywood-Scholl High Yield Bond       Equity
o EQ/Davis New York Venture             o EQ/Van Kampen Mid Cap Growth
o EQ/Equity 500 Index                   o EQ/Wells Fargo Montgomery Small
o EQ/Evergreen International Bond         Cap++
o EQ/Evergreen Omega                    o Multimanager Aggressive Equity*
o EQ/FI Mid Cap                         o Multimanager Core Bond*
o EQ/FI Mid Cap Value+                  o Multimanager Health Care*
o EQ/Franklin Income                    o Multimanager High Yield*
o EQ/Franklin Small Cap Value           o Multimanager International Equity*
o EQ/Franklin Templeton Founding        o Multimanager Large Cap Core Equity*
  Strategy**                            o Multimanager Large Cap Growth*
o EQ/GAMCO Mergers and Acquisitions     o Multimanager Large Cap Value*
o EQ/GAMCO Small Company Value          o Multimanager Mid Cap Growth*
o EQ/International Growth               o Multimanager Mid Cap Value*
o EQ/Janus Large Cap Growth++           o Multimanager Technology*
                                        o U.S. Real Estate -- Class II++
- --------------------------------------------------------------------------------




(1) The "AXA Allocation" portfolios.

*   This is the investment option's new name effective on or about May 29, 2007,
    subject to regulatory approval. Please see "Portfolios of the Trusts" in
    "Contract features and benefits" later in this Prospectus for the investment
    option's former name. ** This investment option will be available on or
    about May 29, 2007, subject to regulatory approval.

+   This investment option's name, investment objective and sub-adviser will
    change on or about May 29, 2007, subject to regulatory approval. See the
    supplement included with this Prospectus for more information

++  Please see the supplement included with this Prospectus regarding the
    planned substitution or merger of this investment option. .

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of the AXA Premier VIP Trust, the EQ Advisors Trust or
The Universal Institutional Funds, Inc. (the "Trusts"). Your investment results
in a variable investment option will depend on the investment performance of
the related portfolio.

You may also allocate amounts to the guaranteed interest option and the fixed
maturity options, which are discussed later in this Prospectus. If you elect
the Guaranteed withdrawal benefit for life or a Principal guarantee benefit,
your investment options will be limited to the guaranteed interest option and
certain permitted variable investment option(s). The permitted variable
investment options are described later in this Prospectus.


TYPES OF CONTRACTS. We offer the contracts for use as:

o   A nonqualified annuity ("NQ") for after-tax contributions only.

o   An individual retirement annuity ("IRA"), either traditional IRA ("Rollover
    IRA") or Roth IRA ("Roth Conversion IRA").


o   Traditional and Roth Inherited IRA beneficiary continuation contract
    ("Inherited IRA") (direct transfer and specified direct rollover
    contributions only).


o   An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
    ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $25,000 is required to purchase a contract.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.


The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.


                                 x01462/Select Jumpstart '07 Series/New Biz Only

                                                                        (R-4/15)



Contents of this Prospectus
- --------------------------------------------------------------------------------
ACCUMULATOR(R) SELECT(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Accumulator(R) Select(SM) at a glance -- key features                        9

- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     15
Condensed financial information                                             18

- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           19
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        19
Owner and annuitant requirements                                            23
How you can make your contributions                                         23
What are your investment options under the contract?                        23
Portfolios of the Trusts                                                    24
Allocating your contributions                                               30
Guaranteed minimum death benefit and
  Guaranteed minimum income benefit base                                    31
Annuity purchase factors                                                    33
Guaranteed minimum income benefit option                                    33
Guaranteed minimum death benefit                                            35
Guaranteed withdrawal benefit for life ("GWBL")                             36
Principal guarantee benefits                                                40
Inherited IRA beneficiary continuation contract                             40
Your right to cancel within a certain number of days                        41

- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        43
- --------------------------------------------------------------------------------
Your account value and cash value                                           43
Your contract's value in the variable investment options                    43
Your contract's value in the guaranteed interest option                     43
Your contract's value in the fixed maturity options                         43
Insufficient account value                                                  43

- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG
   INVESTMENT OPTIONS                                                       45
- --------------------------------------------------------------------------------
Transferring your account value                                             45
Disruptive transfer activity                                                45
Rebalancing your account value                                              46

- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

2  Contents of this Prospectus



- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     48
- --------------------------------------------------------------------------------
Withdrawing your account value                                              48
How withdrawals are taken from your account value                           50
How withdrawals affect your Guaranteed minimum
  income benefit, Guaranteed minimum death benefit and
  Principal guarantee benefits                                              50
How withdrawals affect your GWBL and GWBL Guaranteed
  minimum death benefit                                                     50
Withdrawals treated as surrenders                                           50
Loans under Rollover TSA contracts                                          51
Surrendering your contract to receive its cash value                        51
When to expect payments                                                     52
Your annuity payout options                                                 52

- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     55
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          55
Charges that the Trusts deduct                                              57
Group or sponsored arrangements                                             57
Other distribution arrangements                                             57

- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 58
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     58
Beneficiary continuation option                                             60

- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          62
- --------------------------------------------------------------------------------
Overview                                                                    62
Buying a contract to fund a retirement arrangement                          62
Transfers among investment options                                          62
Taxation of nonqualified annuities                                          62
Individual retirement arrangements (IRAs)                                   64
Tax-sheltered annuity contracts (TSAs)                                      74
Federal and state income tax withholding and
  information reporting                                                     77
Impact of taxes to AXA Equitable                                            78

- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         79
- --------------------------------------------------------------------------------
About our Separate Account No. 49                                           79
About the Trusts                                                            79
About our fixed maturity options                                            79
About the general account                                                   80
About other methods of payment                                              80
Dates and prices at which contract events occur                             81
About your voting rights                                                    82
About legal proceedings                                                     82
Financial statements                                                        82
Transfers of ownership, collateral assignments, loans
  and borrowing                                                             82

About Custodial IRAs                                                        83

Distribution of the contracts                                               83

- --------------------------------------------------------------------------------
9. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          85
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
I    -- Condensed financial information                                    A-1
II   -- Market value adjustment example                                    B-1
III  -- Enhanced death benefit example                                     C-1
IV   -- Hypothetical illustrations                                         D-1
V    -- Earnings enhancement benefit example                               E-1
VI   -- State contract availability and/or variations of certain
           features and benefits                                           F-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3



Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.



                                                                 Page in
Term                                                          Prospectus

   6% Roll-Up to age 85                                               32
   12 month dollar cost averaging                                     30
   account value                                                      43
   administrative charge                                              55
   annual administrative charge                                       55
   Annual Ratchet                                                     38
   Annual Ratchet to age 85 enhanced death benefit                    32
   annuitant                                                          19
   annuitization                                                      52
   annuity maturity date                                              53
   annuity payout options                                             52
   annuity purchase factors                                           33
   automatic investment program                                       81
   AXA Allocation portfolio's                                      cover
   beneficiary                                                        58
   Beneficiary continuation option ("BCO")                            60
   benefit base                                                       37
   business day                                                       81
   cash value                                                         43
   charges for state premium and other applicable taxes               57
   contract date                                                      23
   contract date anniversary                                          23
   contract year                                                      23
   contributions to Roth IRAs                                         71
     regular contributions                                            71
     rollovers and transfers                                          71
     conversion contributions                                         71
   contributions to traditional IRAs                                  65
     regular contributions                                            65
     rollovers and transfers                                          67
   disruptive transfer activity                                       45
   distribution charge                                                55
   Earnings enhancement benefit                                       36
   Earnings enhancement benefit charge                                57
   EQAccess                                                            7
   ERISA                                                              51
   Fixed-dollar option                                                31
   fixed maturity options                                             29
   free look                                                          41
   general account                                                    80
   general dollar cost averaging                                      31
   guaranteed interest option                                         29
   Guaranteed minimum death benefit                                   35
   Guaranteed minimum death benefit/Guaranteed minimum
     income benefit roll-up benefit base reset option                 32


                                                                     Page in
Term                                                              Prospectus

       Guaranteed minimum income benefit                                  33
       Guaranteed minimum income benefit charge                           56
       Guaranteed minimum income benefit "no lapse guarantee"             34
       Guaranteed withdrawal benefit for life                              9
       Guaranteed withdrawal benefit for life charge                      57
       IRA                                                             cover
       IRS                                                                62
       Inherited IRA                                                   cover
       investment options                                              cover
       Investment Simplifier                                              31
       Lifetime minimum distribution withdrawals                          49
       loan reserve account                                               51
       loans under Rollover TSA                                           51
       market adjusted amount                                             29
       market timing                                                      45
       maturity dates                                                     29
       market value adjustment                                            29
       maturity value                                                     29
       Mortality and expense risks charge                                 55
       NQ                                                              cover
       partial withdrawals                                                48
       permitted variable investment options                              23
       portfolio                                                       cover
       Principal guarantee benefits                                       40
       processing office                                                   7
       rate to maturity                                                   29
       Rebalancing                                                        46
       Rollover IRA                                                    cover
       Roth IRA                                                        cover
       SAI                                                             cover
       SEC                                                             cover
       self-directed allocation                                           30
       Separate Account No. 49                                            79
       Spousal continuation                                               59
       Standard death benefit                                             32
       substantially equal withdrawals                                    49
       Systematic withdrawals                                             48
       TOPS                                                                7
       Trusts                                                             79
       traditional IRA                                                 cover
       TSA                                                             cover
       unit                                                               43
       variable investment options                                        23
       wire transmittals and electronic applications                      80


To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract. Your financial professional can provide further explanation about
your contract or supplemental materials.



- -----------------------------------------------------------------------------------------------------------------
 Prospectus                       Contract or Supplemental Materials
- -----------------------------------------------------------------------------------------------------------------
                              
   fixed maturity options        Guarantee Periods (Guaranteed Fixed Interest Accounts in supplemental materials)
   variable investment options   Investment Funds
   account value                 Annuity Account Value
   rate to maturity              Guaranteed Rates
- -----------------------------------------------------------------------------------------------------------------


4 Index of key words and phrases





- -----------------------------------------------------------------------------------------------------------------
 Prospectus                                  Contract or Supplemental Materials
- -----------------------------------------------------------------------------------------------------------------
                                         
   unit                                     Accumulation Unit
   Guaranteed minimum death benefit         Guaranteed death benefit
   Guaranteed minimum income benefit        Guaranteed Income Benefit
   guaranteed interest option               Guaranteed Interest Account
   Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
   GWBL benefit base                        Guaranteed withdrawal benefit for life benefit base
   Guaranteed annual withdrawal amount      Guaranteed withdrawal benefit for life Annual withdrawal amount
   GWBL Excess withdrawal                   Guaranteed withdrawal benefit for life Excess withdrawal
- -----------------------------------------------------------------------------------------------------------------


                                                Index of key words and phrases 5



Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


6  Who is AXA Equitable?



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
P.O. Box 13014
Newark, NJ 07188-0014



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS DELIV-
 ERY:
- --------------------------------------------------------------------------------

Accumulator(R) Select(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094

- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o   written confirmation of financial transactions;

o   statement of your contract values at the close of each calendar year, and
    any calendar quarter in which there was a transaction; and


o   annual statement of your contract values as of the close of the contract
    year, including notification of eligibility to exercise the Guaranteed
    minimum income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o   your current account value;

o   your current allocation percentages;

o   the number of units you have in the variable investment options;

o   rates to maturity for the fixed maturity options (not available through
    EQAccess);

o   the daily unit values for the variable investment options; and

o   performance information regarding the variable investment options (not
    available through TOPS).

You can also:

o   change your allocation percentages and/or transfer among the investment
    options;

o   elect to receive certain contract statements electronically;

o   change your address (not available through TOPS);

o   change your TOPS personal identification number ("PIN") (through TOPS only)
    and your EQAccess password (through EQAccess only); and

o   access Frequently Asked Questions and Service Forms (not available through
    TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors, you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or the Internet are genuine. For example, we will
require certain personal identification information before we will act on
telephone or Internet instructions and we will provide written confirmation of
your transfers. If we do not employ reasonable procedures to confirm the
genuineness of telephone or Internet instructions, we may be liable for any
losses arising out of any act or omission that constitutes negligence, lack of
good faith, or willful misconduct. In light of our procedures, we will not be
liable for following telephone or Internet instructions we reasonably believe
to be genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

                                                        Who is AXA Equitable?  7



- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern time.

WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth Conversion IRA contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for loans under Rollover TSA contracts;

(6)  spousal consent for loans under Rollover TSA contracts;

(7)  requests for withdrawals or surrenders from Rollover TSA contracts and
     contracts with the Guaranteed withdrawal benefit for life ("GWBL");

(8)  tax withholding elections;

(9)  election of the beneficiary continuation option;

(10) IRA contribution recharacterizations;

(11) certain Section 1035 exchanges;

(12) direct transfers;

(13) exercise of the Guaranteed minimum income benefit;


(14) requests to reset your Roll-Up benefit base (for contracts that have both
     the Guaranteed minimum income benefit and the Greater of 6% Roll-Up to age
     85 or Annual Ratchet to age 85 enhanced death benefit);


(15) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(16) death claims;

(17) change in ownership (NQ only);

(18) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL"); and

(19) requests to reset the guaranteed minimum value for contracts with a
     Principal guarantee benefit.

WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging (including the fixed dollar and interest
     sweep options); and

(6)  12 month dollar cost averaging.

TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging (including the fixed dollar and interest
     sweep options);

(3)  rebalancing;

(4)  12 month dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners both must sign.


8  Who is AXA Equitable?



Accumulator(R) Select(SM) at a glance -- key features



                       
PROFESSIONAL INVESTMENT   Accumulator(R) Select(SM)'s variable investment options invest in different portfolios managed by
MANAGEMENT                professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
FIXED MATURITY OPTIONS    o    Fixed maturity options with maturities ranging from approximately 1 to 10
                               years (subject to availability).
                          o    Each fixed maturity option offers a guarantee of principal and interest
                               rate if you hold it to maturity.
- ------------------------------------------------------------------------------------------------------------------------------------
                          If you make withdrawals or transfers from a fixed maturity option before maturity, there will be a market
                          value adjustment due to differences in interest rates. If you withdraw or transfer only a portion of a
                          fixed maturity amount, this may increase or decrease any value that you have left in that fixed maturity
                          option. If you surrender your contract, a market value adjustment also applies.
- ------------------------------------------------------------------------------------------------------------------------------------
GUARANTEED INTEREST       o    Principal and interest guarantees.
OPTION                    o    Interest rates set periodically.
- ------------------------------------------------------------------------------------------------------------------------------------
TAX CONSIDERATIONS        o    No tax on earnings inside the contract until you make withdrawals from your contract or receive
                               annuity payments.
- ------------------------------------------------------------------------------------------------------------------------------------
                          o    No tax on transfers among investment options inside the contract.
                          ----------------------------------------------------------------------------------------------------------
                          If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA), or tax sheltered
                          annuity (TSA) you should be aware that such annuities do not provide tax deferral benefits beyond those
                          already provided by the Internal Revenue Code. Before purchasing one of these annuities, you should
                          consider whether its features and benefits beyond tax deferral meet your needs and goals. You may also
                          want to consider the relative features, benefits and costs of these annuities compared with any other
                          investment that you may use in connection with your retirement plan or arrangement. Depending on your
                          personal situation, the contract's guaranteed benefits may have limited usefulness because of required
                          minimum distributions ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
GUARANTEED MINIMUM        The Guaranteed minimum income benefit provides income protection for you during your life once
INCOME BENEFIT            you elect to annuitize the contract.
- ------------------------------------------------------------------------------------------------------------------------------------
GUARANTEED WITHDRAWAL     The Guaranteed withdrawal benefit for life option ("GWBL"), guarantees that you can take withdrawals of up
BENEFIT FOR LIFE          to a maximum amount each contract year (your "Guaranteed annual withdrawal amount") beginning at age 45.
                          Withdrawals are taken from your account value and continue during your lifetime even if your account value
                          falls to zero (unless it is caused by a withdrawal that exceeds your Guaranteed annual withdrawal amount).
- ------------------------------------------------------------------------------------------------------------------------------------
CONTRIBUTION AMOUNTS      o Initial minimum:      $25,000
                          o Additional minimum:   $500 (NQ and Rollover TSA)
                                                  $100 monthly and $300 quarterly under our automatic investment program
                                                  (NQ contracts)
                                                  $1,000 (Inherited IRA contracts)
                                                  $50 (IRA contracts)
                          ----------------------------------------------------------------------------------------------------------
                          Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                          ($500,000 for owners or annuitants who are age 81 and older at contract issue unless you elect GWBL) under
                          all Accumulator(R) series contracts with the same owner or annuitant. We reserve the right to limit
                          aggregate contributions made after the first contract year to 150% of first-year contributions. See "How
                          you can purchase and contribute to your contract" in "Contract features and benefits" later in this
                          Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
ACCESS TO YOUR MONEY      o Partial withdrawals
                          o Several withdrawal options on a periodic basis
                          o Loans under Rollover TSA contracts
                          o Contract surrender
                          o Maximum payment plan (only under contracts with GWBL)
                          o Customized payment plan (only under contracts with GWBL)
                          You may incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional
                          benefits.
- ------------------------------------------------------------------------------------------------------------------------------------



                         Accumulator(R) Select(SM) at a glance -- key features 9





- ------------------------------------------------------------------------------------------------------------------------------------
                   
PAYOUT OPTIONS        o    Fixed annuity payout options
                      o    Variable Immediate Annuity payout options (described in a separate prospectus for that option)
                      o    Income Manager(SM) payout options (described in a separate prospectus for that option)
- ------------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL FEATURES   o    Guaranteed minimum death benefit options
                      o    Principal guarantee benefits
                      o    Dollar cost averaging
                      o    Automatic investment program
                      o    Account value rebalancing (quarterly, semiannually and annually)
                      o    Free transfers
                      o    Earnings enhancement benefit, an optional death benefit available under certain contracts
                      o    Spousal continuation
                      o    Beneficiary continuation option
                      o    Guaranteed minimum death benefit/Guaranteed minimum income benefit roll-up benefit base reset.
- ------------------------------------------------------------------------------------------------------------------------------------
FEES AND CHARGES      Please see "Fee table" later in this section for complete details.
- ------------------------------------------------------------------------------------------------------------------------------------
OWNER AND ANNUITANT   NQ: 0-85
ISSUE AGES            Rollover IRA, Roth Conversion IRA and Rollover TSA: 20-85
                      Inherited IRA: 0-70
- ------------------------------------------------------------------------------------------------------------------------------------



THE ABOVE IS NOT A COMPLETE DESCRIPTION OF ALL MATERIAL PROVISIONS OF THE
CONTRACT. IN SOME CASES, RESTRICTIONS OR EXCEPTIONS APPLY. ALSO, ALL FEATURES
OF THE CONTRACT ARE NOT NECESSARILY AVAILABLE IN YOUR STATE OR AT CERTAIN AGES.
PLEASE SEE APPENDIX VI LATER IN THIS PROSPECTUS FOR MORE INFORMATION ON STATE
AVAILABILITY AND/OR VARIATIONS OF CERTAIN FEATURES AND BENEFITS.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional or call us, if you have questions. If for any reason you
are not satisfied with your contract, you may return it to us for a refund
within a certain number of days. Please see "Your right to cancel within a
certain number of days" later in this Prospectus for additional information.

OTHER CONTRACTS


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.

You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.


10 ACCUMULATOR(R) SELECT(SM) AT A GLANCE -- KEY FEATURES



FEE TABLE

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying and owning the contract. Each of the charges and expenses is more fully
described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay if you purchase a
Variable Immediate Annuity payout option. Charges designed to approximate
certain taxes that may be imposed on us, such as premium taxes in your state,
may also apply.




- -----------------------------------------------------------------------------------------
                                                                         
Charges we deduct from your account value at the time you request certain transactions
- -----------------------------------------------------------------------------------------
Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                      $350
- -----------------------------------------------------------------------------------------
The next table describes the fees and expenses that you will pay periodically during the
time that you own the contract, not including the underlying trust portfolio fees and
expenses.
- -----------------------------------------------------------------------------------------
Charges we deduct from your account value on each contract date anniversary
- -----------------------------------------------------------------------------------------
Maximum annual administrative charge(1)
   If your account value on a contract date anniversary is less than
   $50,000(2)                                                               $ 30
   If your account value on a contract date anniversary is $50,000
   or more                                                                  $  0
- -----------------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an annual
percentage of daily net assets
- -----------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                                 1.10%
Administrative                                                              0.25%
Distribution                                                                0.35%
                                                                            ----
Total Separate account annual expenses                                      1.70%
- -----------------------------------------------------------------------------------------
Charges we deduct from your account value each year if you elect any of the following
optional benefits
- -----------------------------------------------------------------------------------------
GUARANTEED MINIMUM DEATH BENEFIT CHARGE (calculated as a
percentage of the applicable benefit base. Deducted annually(1) on each
contract date anniversary for which the benefit is in effect.)
   Standard death benefit and GWBL Standard death benefit                   0.00%
   Annual Ratchet to age 85                                                 0.25%
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85              0.65%
   GWBL Enhanced death benefit                                              0.30%
- -----------------------------------------------------------------------------------------
PRINCIPAL GUARANTEE BENEFITS CHARGE (calculated as a percentage
of the account value. Deducted annually(1) on each contract date anni-
versary for which the benefit is in effect.)
   100% Principal guarantee benefit                                         0.50%
   125% Principal guarantee benefit                                         0.75%
- -----------------------------------------------------------------------------------------
GUARANTEED MINIMUM INCOME BENEFIT CHARGE (calculated as a
percentage of the applicable benefit base. Deducted annually(1) on each
contract date anniversary for which the benefit is in effect.)              0.65%
- -----------------------------------------------------------------------------------------
EARNINGS ENHANCEMENT BENEFIT CHARGE (calculated as a percent-
age of the account value. Deducted annually(1) on each contract date
anniversary for which the benefit is in effect.)                            0.35%
- -----------------------------------------------------------------------------------------



                                                                    FEE TABLE 11





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE (calcu-                              0.60% for the Single Life option
lated as a percentage of the GWBL benefit base. Deducted annually(1)                       0.75% for the Joint Life option
on each contract date anniversary.)

If your GWBL benefit base ratchets, we reserve the right to increase                       0.75% for the Single Life option
your charge up to:                                                                         0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life" in "Contract features and benefits" for more information about this feature,
including its benefit base and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life benefit charge" in "Charges
and expenses," both later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
NET LOAN INTEREST CHARGE -- ROLLOVER TSA CONTRACTS ONLY                                    2.00%(3)
(calculated and deducted daily as a percentage of the outstanding loan
amount)
- ------------------------------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.



- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
 PORTFOLIO OPERATING EXPENSES EXPRESSED AS AN ANNUAL PERCENTAGE OF DAILY NET ASSETS
- ------------------------------------------------------------------------------------------------------------------------------------
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or  ------     -------
other expenses)(4)                                                                 0.63%      3.15%







This table shows the fees and expenses for 2006 as an annual percentage of each Portfolio's
daily average net assets.
- ---------------------------------------------------------------------------------------------
                                                        Manage-
                                                         ment       12b-1      Other
Portfolio Name                                          Fees(5)    Fees(6)   Expenses(7)
- ---------------------------------------------------------------------------------------------
                                                                      
AXA Premier VIP Trust:
- ---------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.10%      0.25%     0.18%
AXA Conservative Allocation                               0.10%      0.25%     0.22%
AXA Conservative-Plus Allocation                          0.10%      0.25%     0.18%
AXA Moderate Allocation                                   0.10%      0.25%     0.17%
AXA Moderate-Plus Allocation                              0.10%      0.25%     0.17%
Multimanager Aggressive Equity*                           0.61%      0.25%     0.19%
Multimanager Core Bond*                                   0.59%      0.25%     0.18%
Multimanager Health Care*                                 1.20%      0.25%     0.23%
Multimanager High Yield*                                  0.58%      0.25%     0.18%
Multimanager International Equity*                        1.02%      0.25%     0.26%
Multimanager Large Cap Core Equity*                       0.90%      0.25%     0.20%
Multimanager Large Cap Growth*                            0.90%      0.25%     0.22%
Multimanager Large Cap Value*                             0.88%      0.25%     0.22%
Multimanager Mid Cap Growth*                              1.10%      0.25%     0.20%
Multimanager Mid Cap Value*                               1.10%      0.25%     0.21%
Multimanager Technology*                                  1.20%      0.25%     0.23%
- ---------------------------------------------------------------------------------------------
EQ Advisors Trust:
- ---------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                         0.47%      0.25%     0.13%
EQ/AllianceBernstein Growth and Income++                  0.56%      0.25%     0.12%
EQ/AllianceBernstein Intermediate Government Securities   0.50%      0.25%     0.14%
EQ/AllianceBernstein International                        0.71%      0.25%     0.20%
EQ/AllianceBernstein Large Cap Growth                     0.90%      0.25%     0.11%
EQ/AllianceBernstein Quality Bond                         0.50%      0.25%     0.14%
EQ/AllianceBernstein Small Cap Growth                     0.74%      0.25%     0.13%
EQ/AllianceBernstein Value                                0.60%      0.25%     0.13%
- ---------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------
                                                       Acquired
                                                         Fund       Total
                                                       Fees and     Annual                   Net Total
                                                       Expenses    Expenses    Fee Waiv-      Annual
                                                      (Underly-     (Before   ers and/or     Expenses
                                                         ing        Expense     Expense       (After
                                                       Portfo-      Limita-   Reimburse-     Expense
Portfolio Name                                         lios)(8)     tions)     ments(9)    Limitations)
- -----------------------------------------------------------------------------------------------------------
                                                                                  
AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                                 0.91%       1.44%      (0.18)%      1.26%
AXA Conservative Allocation                               0.67%       1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation                          0.72%       1.25%      (0.18)%      1.07%
AXA Moderate Allocation                                   0.78%       1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation                              0.85%       1.37%      (0.17)%      1.20%
Multimanager Aggressive Equity*                             --        1.05%         --        1.05%
Multimanager Core Bond*                                     --        1.02%      (0.07)%      0.95%
Multimanager Health Care*                                   --        1.68%       0.00%       1.68%
Multimanager High Yield*                                    --        1.01%         --        1.01%
Multimanager International Equity*                          --        1.53%       0.00%       1.53%
Multimanager Large Cap Core Equity*                         --        1.35%       0.00%       1.35%
Multimanager Large Cap Growth*                              --        1.37%      (0.02)%      1.35%
Multimanager Large Cap Value*                               --        1.35%       0.00%       1.35%
Multimanager Mid Cap Growth*                              0.01%       1.56%       0.00%       1.56%
Multimanager Mid Cap Value*                               0.03%       1.59%       0.00%       1.59%
Multimanager Technology*                                    --        1.68%       0.00%       1.68%
- -----------------------------------------------------------------------------------------------------------
EQ Advisors Trust:
- -----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                           --        0.85%         --        0.85%
EQ/AllianceBernstein Growth and Income++                    --        0.93%         --        0.93%
EQ/AllianceBernstein Intermediate Government Securities     --        0.89%         --        0.89%
EQ/AllianceBernstein International                          --        1.16%      (0.06)%      1.10%
EQ/AllianceBernstein Large Cap Growth                       --        1.26%      (0.21)%      1.05%
EQ/AllianceBernstein Quality Bond                           --        0.89%         --        0.89%
EQ/AllianceBernstein Small Cap Growth                       --        1.12%         --        1.12%
EQ/AllianceBernstein Value                                  --        0.98%      (0.03)%      0.95%
- -----------------------------------------------------------------------------------------------------------



12 Fee table


This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.



- ------------------------------------------------------------------------------------------------------------------------------------
                                                                              Acquired
                                                                                Fund      Total
                                                                              Fees and    Annual                  Net Total
                                                                              Expenses   Expenses    Fee Waiv-     Annual
                                                                             (Underly-    (Before   ers and/or    Expenses
                                           Manage-                              ing       Expense     Expense      (After
                                            ment       12b-1       Other      Portfo-     Limita-   Reimburse-    Expense
Portfolio Name                             Fees(5)   Fees(6)   Expenses(7)    lios)(8)    tions)     ments(9)    Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                              
EQ/Ariel Appreciation II                    0.75%      0.25%     0.51%           --        1.51%      (0.36)%      1.15%
EQ/AXA Rosenberg Value Long/Short Equity    1.40%      0.25%     1.44%           --        3.09%      (1.10)%      1.99%
EQ/BlackRock Basic Value Equity*            0.55%      0.25%     0.14%           --        0.94%       0.00%       0.94%
EQ/BlackRock International Value*           0.82%      0.25%     0.21%           --        1.28%      (0.03)%      1.25%
EQ/Boston Advisors Equity Income            0.75%      0.25%     0.15%           --        1.15%      (0.10)%      1.05%
EQ/Calvert Socially Responsible             0.65%      0.25%     0.25%           --        1.15%      (0.10)%      1.05%
EQ/Capital Guardian Growth                  0.65%      0.25%     0.16%           --        1.06%      (0.11)%      0.95%
EQ/Capital Guardian International+          0.83%      0.25%     0.21%           --        1.29%      (0.09)%      1.20%
EQ/Capital Guardian Research                0.65%      0.25%     0.13%           --        1.03%      (0.08)%      0.95%
EQ/Capital Guardian U.S. Equity++           0.64%      0.25%     0.14%           --        1.03%      (0.08)%      0.95%
EQ/Caywood-Scholl High Yield Bond           0.60%      0.25%     0.18%           --        1.03%      (0.03)%      1.00%
EQ/Davis New York Venture                   0.85%      0.25%     0.74%           --        1.84%      (0.54)%      1.30%
EQ/Equity 500 Index                         0.25%      0.25%     0.13%           --        0.63%         --        0.63%
EQ/Evergreen International Bond             0.70%      0.25%     0.23%           --        1.18%      (0.03)%      1.15%
EQ/Evergreen Omega                          0.65%      0.25%     0.21%           --        1.11%       0.00%       1.11%
EQ/FI Mid Cap                               0.68%      0.25%     0.15%           --        1.08%      (0.08)%      1.00%
EQ/FI Mid Cap Value+                        0.73%      0.25%     0.13%           --        1.11%      (0.01)%      1.10%
EQ/Franklin Income                          0.90%      0.25%     0.38%           --        1.53%      (0.23)%      1.30%
EQ/Franklin Small Cap Value                 0.90%      0.25%     2.00%           --        3.15%      (1.85)%      1.30%
EQ/Franklin Templeton Founding Strategy**   0.05%      0.25%     0.21%         1.07%       1.58%      (0.11)%      1.47%
EQ/GAMCO Mergers and Acquisitions           0.90%      0.25%     0.33%           --        1.48%      (0.03)%      1.45%
EQ/GAMCO Small Company Value                0.78%      0.25%     0.14%           --        1.17%       0.00%       1.17%
EQ/International Growth                     0.85%      0.25%     0.35%           --        1.45%       0.00%       1.45%
EQ/Janus Large Cap Growth++                 0.90%      0.25%     0.15%           --        1.30%      (0.15)%      1.15%
EQ/JPMorgan Core Bond                       0.44%      0.25%     0.15%           --        0.84%       0.00%       0.84%
EQ/JPMorgan Value Opportunities             0.60%      0.25%     0.16%           --        1.01%      (0.06)%      0.95%
EQ/Legg Mason Value Equity                  0.65%      0.25%     0.22%           --        1.12%      (0.12)%      1.00%
EQ/Long Term Bond                           0.43%      0.25%     0.15%           --        0.83%       0.00%       0.83%
EQ/Lord Abbett Growth and Income            0.65%      0.25%     0.26%           --        1.16%      (0.16)%      1.00%
EQ/Lord Abbett Large Cap Core               0.65%      0.25%     0.41%           --        1.31%      (0.31)%      1.00%
EQ/Lord Abbett Mid Cap Value                0.70%      0.25%     0.18%           --        1.13%      (0.08)%      1.05%
EQ/Marsico Focus                            0.85%      0.25%     0.13%           --        1.23%      (0.08)%      1.15%
EQ/MFS Emerging Growth Companies+           0.65%      0.25%     0.15%           --        1.05%         --        1.05%
EQ/MFS Investors Trust+                     0.60%      0.25%     0.16%           --        1.01%      (0.06)%      0.95%
EQ/Money Market                             0.33%      0.25%     0.14%           --        0.72%         --        0.72%
EQ/Montag & Caldwell Growth                 0.75%      0.25%     0.16%           --        1.16%      (0.01)%      1.15%
EQ/Mutual Shares                            0.90%      0.25%     0.50%           --        1.65%      (0.35)%      1.30%
EQ/Oppenheimer Global                       0.95%      0.25%     1.30%         0.01%       2.51%      (1.15)%      1.36%
EQ/Oppenheimer Main Street Opportunity      0.85%      0.25%     1.58%           --        2.68%      (1.38)%      1.30%
EQ/Oppenheimer Main Street Small Cap        0.90%      0.25%     1.48%           --        2.63%      (1.33)%      1.30%
EQ/PIMCO Real Return                        0.55%      0.25%     0.18%           --        0.98%      (0.08)%      0.90%
EQ/Short Duration Bond                      0.43%      0.25%     0.14%           --        0.82%       0.00%       0.82%
EQ/Small Cap Value+                         0.73%      0.25%     0.15%           --        1.13%      (0.03)%      1.10%
EQ/Small Company Growth+                    1.00%      0.25%     0.17%           --        1.42%      (0.12)%      1.30%
EQ/Small Company Index                      0.25%      0.25%     0.16%         0.01%       0.67%       0.00%       0.67%
EQ/TCW Equity++                             0.80%      0.25%     0.16%           --        1.21%      (0.06)%      1.15%
EQ/Templeton Growth                         0.95%      0.25%     0.64%           --        1.84%      (0.49)%      1.35%
EQ/UBS Growth and Income                    0.75%      0.25%     0.17%           --        1.17%      (0.12)%      1.05%
EQ/Van Kampen Comstock                      0.65%      0.25%     0.19%           --        1.09%      (0.09)%      1.00%
EQ/Van Kampen Emerging Markets Equity       1.12%      0.25%     0.40%           --        1.77%       0.00%       1.77%
EQ/Van Kampen Mid Cap Growth                0.70%      0.25%     0.23%           --        1.18%      (0.13)%      1.05%
EQ/Wells Fargo Montgomery Small Cap++       0.85%      0.25%     0.41%           --        1.51%      (0.21)%      1.30%
- ---------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional Funds, Inc.:
- ---------------------------------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              0.74%      0.35%     0.27%           --        1.36%      (0.10)%      1.26%
- ---------------------------------------------------------------------------------------------------------------------------------


*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.

                                                                    FEE TABLE 13



**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.


Notes:

(1)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(2)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, if applicable,
     the charge is $30 for each contract year.

(3)  We charge interest on loans under Rollover TSA contracts but also credit
     you interest on your loan reserve account. Our net loan interest charge is
     determined by the excess between the interest rate we charge over the
     interest rate we credit. See "Loans under Rollover TSA contracts" later in
     this Prospectus for more information on how the loan interest is calculated
     and for restrictions that may apply.


(4)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.


(5)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's Shareholders. See footnote (9) for any expense
     limitation agreement information.

(6)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940.



(7)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (9) for any expense limitation agreement
     information.

(8)  Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.




(9)  The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. Morgan
     Stanley Investment Management Inc., which does business in certain
     instances as "Van Kampen," is the manager of The Universal Institutional
     Funds, Inc. -- U.S. Real Estate Portfolio -- Class II and has voluntarily
     agreed to reduce its management fee and/or reimburse the Portfolio so that
     total annual operating expenses of the Portfolio (exclusive of investment
     related expenses, such as foreign country tax expense and interest expense
     on amounts borrowed) are not more than specified amounts. Additionally, the
     distributor of The Universal Institutional Funds, Inc. has agreed to waive
     a portion of the 12b-1 fee for Class II shares. Van Kampen and/or the
     fund's distributor reserves the right to terminate any waiver and/or
     reimbursement at any time without notice. See the prospectus for each
     applicable underlying Trust for more information about the arrangements. In
     addition, a portion of the brokerage commissions of certain Portfolios of
     AXA Premier VIP Trust and EQ Advisors Trust is used to reduce the
     applicable Portfolio's expenses. If the above table reflected both the
     expense limitation arrangements plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:



- --------------------------------------------------------------------------------
Portfolio Name
- --------------------------------------------------------------------------------
   Multimanager Aggressive Equity           1.03%
   Multimanager Health Care                 1.63%
   Multimanager International Equity        1.52%
   Multimanager Large Cap Core Equity       1.33%
   Multimanager Large Cap Growth            1.33%
   Multimanager Large Cap Value             1.31%
   Multimanager Mid Cap Growth              1.52%
   Multimanager Mid Cap Value               1.58%
   Multimanager Technology                  1.64%
   EQ/AllianceBernstein Common Stock        0.83%
   EQ/AllianceBernstein Growth and Income   0.92%
   EQ/AllianceBernstein Large Cap Growth    1.03%
   EQ/AllianceBernstein Small Cap Growth    1.11%
   EQ/AllianceBernstein Value               0.94%
   EQ/Ariel Appreciation II                 1.01%
   EQ/BlackRock Basic Value Equity          0.93%
   EQ/Capital Guardian Growth               0.94%
   EQ/Capital Guardian Research             0.94%
   EQ/Capital Guardian U.S. Equity          0.94%
   EQ/Davis New York Venture                1.27%
   EQ/Evergreen Omega                       1.05%
   EQ/FI Mid Cap                            0.97%
   EQ/FI Mid Cap Value                      1.09%
   EQ/GAMCO Mergers and Acquisitions        1.37%
   EQ/GAMCO Small Company Value             1.16%
   EQ/Janus Large Cap Growth                1.14%
   EQ/Legg Mason Value Equity               0.97%
   EQ/Lord Abbett Growth and Income         0.99%
   EQ/Lord Abbett Large Cap Core            0.99%
   EQ/Marsico Focus                         1.14%
   EQ/MFS Emerging Growth Companies         1.03%
- --------------------------------------------------------------------------------


14 Fee table




- --------------------------------------------------------------------------------
Portfolio Name
- --------------------------------------------------------------------------------
   EQ/MFS Investors Trust                  0.94%
   EQ/Montag & Caldwell Growth             1.13%
   EQ/Mutual Shares                        1.30%
   EQ/Small Cap Value                      1.02%
   EQ/UBS Growth and Income                1.03%
   EQ/Van Kampen Comstock                  0.99%
   EQ/Van Kampen Emerging Markets Equity   1.75%
   EQ/Van Kampen Mid Cap Growth            1.01%
   EQ/Wells Fargo Montgomery Small Cap     1.20%
- --------------------------------------------------------------------------------


EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the Greater of 6%
Roll-Up to age 85 or the Annual Ratchet to age 85 and the Earnings enhancement
benefit with either the Guaranteed minimum income benefit or the 125% Principal
guarantee benefit) would pay in the situations illustrated. Each value in the
expense example was calculated with the Guaranteed minimum income benefit
except for the AXA Moderate Allocation portfolio. The AXA Moderate Allocation
portfolio is calculated with either the Guaranteed minimum income benefit or
the 125% Principal guarantee benefit depending on which benefit yielded the
higher expenses. The example uses an average annual administrative charge based
on the charges paid in 2006, which results in an estimated administrative
charge of .006% of contract value.


The fixed maturity options, guaranteed interest option and the 12 month dollar
cost averaging program are not covered by the example. However, the annual
administrative charge, the charge for any optional benefits and the charge if
you elect a Variable Immediate Annuity payout option do apply to the fixed
maturity options, guaranteed interest option and the 12 month dollar cost
averaging program. A market value adjustment (up or down) may apply as a result
of a withdrawal, transfer, or surrender of amounts from a fixed maturity
option.


The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:


                                                                    FEE TABLE 15






- ------------------------------------------------------------------------------------------------------
                                                        If you annuitize at the end of the
                                                              applicable time period
- ------------------------------------------------------------------------------------------------------
Portfolio Name                                  1 year    3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------
                                                                           
AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                        N/A     $ 1,889.00     $ 2,957.00     $ 5,787.00
AXA Conservative Allocation                      N/A     $ 1,828.00     $ 2,860.00     $ 5,614.00
AXA Conservative-Plus Allocation                 N/A     $ 1,831.00     $ 2,865.00     $ 5,623.00
AXA Moderate Allocation                          N/A     $ 1,862.00     $ 2,892.00     $ 5,666.00
AXA Moderate-Plus Allocation                     N/A     $ 1,868.00     $ 2,923.00     $ 5,727.00
Multimanager Aggressive Equity*                  N/A     $ 1,770.00     $ 2,767.00     $ 5,446.00
Multimanager Core Bond*                          N/A     $ 1,761.00     $ 2,752.00     $ 5,419.00
Multimanager Health Care*                        N/A     $ 1,962.00     $ 3,073.00     $ 5,990.00
Multimanager High Yield*                         N/A     $ 1,758.00     $ 2,747.00     $ 5,410.00
Multimanager International Equity*               N/A     $ 1,916.00     $ 3,001.00     $ 5,864.00
Multimanager Large Cap Core Equity*              N/A     $ 1,862.00     $ 2,913.00     $ 5,710.00
Multimanager Large Cap Growth*                   N/A     $ 1,868.00     $ 2,923.00     $ 5,727.00
Multimanager Large Cap Value*                    N/A     $ 1,862.00     $ 2,913.00     $ 5,710.00
Multimanager Mid Cap Growth*                     N/A     $ 1,925.00     $ 3,015.00     $ 5,889.00
Multimanager Mid Cap Value*                      N/A     $ 1,934.00     $ 3,030.00     $ 5,915.00
Multimanager Technology*                         N/A     $ 1,962.00     $ 3,073.00     $ 5,990.00
- ------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                N/A     $ 1,709.00     $ 2,667.00     $ 5,265.00
EQ/AllianceBernstein Growth and Income++         N/A     $ 1,734.00     $ 2,707.00     $ 5,338.00
EQ/AllianceBernstein Intermediate Government
 Securities                                      N/A     $ 1,721.00     $ 2,687.00     $ 5,302.00
EQ/AllianceBernstein International               N/A     $ 1,804.00     $ 2,821.00     $ 5,544.00
EQ/AllianceBernstein Large Cap Growth            N/A     $ 1,834.00     $ 2,870.00     $ 5,631.00
EQ/AllianceBernstein Quality Bond                N/A     $ 1,721.00     $ 2,687.00     $ 5,302.00
EQ/AllianceBernstein Small Cap Growth            N/A     $ 1,792.00     $ 2,801.00     $ 5,508.00
EQ/AllianceBernstein Value                       N/A     $ 1,749.00     $ 2,732.00     $ 5,383.00
EQ/Ariel Appreciation II                         N/A     $ 1,910.00     $ 2,991.00     $ 5,847.00
EQ/AXA Rosenberg Value Long/Short Equity         N/A     $ 2,380.00     $ 3,728.00     $ 7,082.00
EQ/BlackRock Basic Value Equity*                 N/A     $ 1,737.00     $ 2,712.00     $ 5,347.00
EQ/BlackRock International Value*                N/A     $ 1,840.00     $ 2,879.00     $ 5,649.00
EQ/Boston Advisors Equity Income                 N/A     $ 1,801.00     $ 2,816.00     $ 5,535.00
EQ/Calvert Socially Responsible                  N/A     $ 1,801.00     $ 2,816.00     $ 5,535.00
EQ/Capital Guardian Growth                       N/A     $ 1,773.00     $ 2,771.00     $ 5,455.00
EQ/Capital Guardian International+               N/A     $ 1,843.00     $ 2,884.00     $ 5,658.00
EQ/Capital Guardian Research                     N/A     $ 1,764.00     $ 2,757.00     $ 5,428.00
EQ/Capital Guardian U.S. Equity++                N/A     $ 1,764.00     $ 2,757.00     $ 5,428.00
EQ/Caywood-Scholl High Yield Bond                N/A     $ 1,764.00     $ 2,757.00     $ 5,428.00
EQ/Davis New York Venture                        N/A     $ 2,010.00     $ 3,149.00     $ 6,123.00
EQ/Equity 500 Index                              N/A     $ 1,641.00     $ 2,558.00     $ 5,062.00
EQ/Evergreen International Bond                  N/A     $ 1,810.00     $ 2,830.00     $ 5,561.00
EQ/Evergreen Omega                               N/A     $ 1,789.00     $ 2,796.00     $ 5,499.00
EQ/FI Mid Cap                                    N/A     $ 1,779.00     $ 2,781.00     $ 5,473.00
EQ/FI Mid Cap Value+                             N/A     $ 1,789.00     $ 2,796.00     $ 5,499.00
EQ/Franklin Income                               N/A     $ 1,916.00     $ 3,001.00     $ 5,864.00
EQ/Franklin Small Cap Value                      N/A     $ 2,398.00     $ 3,755.00     $ 7,124.00
EQ/Franklin Templeton Founding Strategy**        N/A     $ 1,931.00     $ 3,025.00     $ 5,906.00
EQ/GAMCO Mergers and Acquisitions                N/A     $ 1,901.00     $ 2,976.00     $ 5,821.00
EQ/GAMCO Small Company Value                     N/A     $ 1,807.00     $ 2,826.00     $ 5,552.00
EQ/International Growth                          N/A     $ 1,892.00     $ 2,962.00     $ 5,796.00
EQ/Janus Large Cap Growth++                      N/A     $ 1,847.00     $ 2,889.00     $ 5,666.00
EQ/JPMorgan Core Bond                            N/A     $ 1,706.00     $ 2,663.00     $ 5,256.00
EQ/JPMorgan Value Opportunities                  N/A     $ 1,758.00     $ 2,747.00     $ 5,410.00
EQ/Legg Mason Value Equity                       N/A     $ 1,792.00     $ 2,801.00     $ 5,508.00
EQ/Long Term Bond                                N/A     $ 1,703.00     $ 2,658.00     $ 5,247.00
EQ/Lord Abbett Growth and Income                 N/A     $ 1,804.00     $ 2,821.00     $ 5,544.00
EQ/Lord Abbett Large Cap Core                    N/A     $ 1,850.00     $ 2,894.00     $ 5,675.00
EQ/Lord Abbett Mid Cap Value                     N/A     $ 1,795.00     $ 2,806.00     $ 5,517.00
EQ/Marsico Focus                                 N/A     $ 1,825.00     $ 2,855.00     $ 5,605.00
EQ/MFS Emerging Growth Companies+                N/A     $ 1,770.00     $ 2,767.00     $ 5,446.00


- ------------------------------------------------------------------------------------------------------
                                                If you surrender or do not surrender your contract at
                                                        the end of the applicable time period
- ------------------------------------------------------------------------------------------------------
Portfolio Name                                 1 year       3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------
                                                                             
AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                     $ 505.00     $ 1,539.00     $ 2,607.00     $ 5,437.00
AXA Conservative Allocation                   $ 484.00     $ 1,478.00     $ 2,510.00     $ 5,264.00
AXA Conservative-Plus Allocation              $ 485.00     $ 1,481.00     $ 2,515.00     $ 5,273.00
AXA Moderate Allocation                       $ 500.00     $ 1,512.00     $ 2,542.00     $ 5,316.00
AXA Moderate-Plus Allocation                  $ 498.00     $ 1,518.00     $ 2,573.00     $ 5,377.00
Multimanager Aggressive Equity*               $ 464.00     $ 1,420.00     $ 2,417.00     $ 5,096.00
Multimanager Core Bond*                       $ 461.00     $ 1,411.00     $ 2,402.00     $ 5,069.00
Multimanager Health Care*                     $ 530.00     $ 1,612.00     $ 2,723.00     $ 5,640.00
Multimanager High Yield*                      $ 460.00     $ 1,408.00     $ 2,397.00     $ 5,060.00
Multimanager International Equity*            $ 514.00     $ 1,566.00     $ 2,651.00     $ 5,514.00
Multimanager Large Cap Core Equity*           $ 495.00     $ 1,512.00     $ 2,563.00     $ 5,360.00
Multimanager Large Cap Growth*                $ 498.00     $ 1,518.00     $ 2,573.00     $ 5,377.00
Multimanager Large Cap Value*                 $ 495.00     $ 1,512.00     $ 2,563.00     $ 5,360.00
Multimanager Mid Cap Growth*                  $ 517.00     $ 1,575.00     $ 2,665.00     $ 5,539.00
Multimanager Mid Cap Value*                   $ 521.00     $ 1,584.00     $ 2,680.00     $ 5,565.00
Multimanager Technology*                      $ 530.00     $ 1,612.00     $ 2,723.00     $ 5,640.00
- ------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 443.00     $ 1,359.00     $ 2,317.00     $ 4,915.00
EQ/AllianceBernstein Growth and Income++      $ 451.00     $ 1,384.00     $ 2,357.00     $ 4,988.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 447.00     $ 1,371.00     $ 2,337.00     $ 4,952.00
EQ/AllianceBernstein International            $ 475.00     $ 1,454.00     $ 2,471.00     $ 5,194.00
EQ/AllianceBernstein Large Cap Growth         $ 486.00     $ 1,484.00     $ 2,520.00     $ 5,281.00
EQ/AllianceBernstein Quality Bond             $ 447.00     $ 1,371.00     $ 2,337.00     $ 4,952.00
EQ/AllianceBernstein Small Cap Growth         $ 471.00     $ 1,442.00     $ 2,451.00     $ 5,158.00
EQ/AllianceBernstein Value                    $ 457.00     $ 1,399.00     $ 2,382.00     $ 5,033.00
EQ/Ariel Appreciation II                      $ 512.00     $ 1,560.00     $ 2,641.00     $ 5,497.00
EQ/AXA Rosenberg Value Long/Short Equity      $ 678.00     $ 2,030.00     $ 3,378.00     $ 6,732.00
EQ/BlackRock Basic Value Equity*              $ 452.00     $ 1,387.00     $ 2,362.00     $ 4,997.00
EQ/BlackRock International Value*             $ 488.00     $ 1,490.00     $ 2,529.00     $ 5,299.00
EQ/Boston Advisors Equity Income              $ 474.00     $ 1,451.00     $ 2,466.00     $ 5,185.00
EQ/Calvert Socially Responsible               $ 474.00     $ 1,451.00     $ 2,466.00     $ 5,185.00
EQ/Capital Guardian Growth                    $ 465.00     $ 1,423.00     $ 2,421.00     $ 5,105.00
EQ/Capital Guardian International+            $ 489.00     $ 1,493.00     $ 2,534.00     $ 5,308.00
EQ/Capital Guardian Research                  $ 462.00     $ 1,414.00     $ 2,407.00     $ 5,078.00
EQ/Capital Guardian U.S. Equity++             $ 462.00     $ 1,414.00     $ 2,407.00     $ 5,078.00
EQ/Caywood-Scholl High Yield Bond             $ 462.00     $ 1,414.00     $ 2,407.00     $ 5,078.00
EQ/Davis New York Venture                     $ 547.00     $ 1,660.00     $ 2,799.00     $ 5,773.00
EQ/Equity 500 Index                           $ 420.00     $ 1,291.00     $ 2,208.00     $ 4,712.00
EQ/Evergreen International Bond               $ 478.00     $ 1,460.00     $ 2,480.00     $ 5,211.00
EQ/Evergreen Omega                            $ 470.00     $ 1,439.00     $ 2,446.00     $ 5,149.00
EQ/FI Mid Cap                                 $ 467.00     $ 1,429.00     $ 2,431.00     $ 5,123.00
EQ/FI Mid Cap Value+                          $ 470.00     $ 1,439.00     $ 2,446.00     $ 5,149.00
EQ/Franklin Income                            $ 514.00     $ 1,566.00     $ 2,651.00     $ 5,514.00
EQ/Franklin Small Cap Value                   $ 684.00     $ 2,048.00     $ 3,405.00     $ 6,774.00
EQ/Franklin Templeton Founding Strategy**     $ 520.00     $ 1,581.00     $ 2,675.00     $ 5,556.00
EQ/GAMCO Mergers and Acquisitions             $ 509.00     $ 1,551.00     $ 2,626.00     $ 5,471.00
EQ/GAMCO Small Company Value                  $ 477.00     $ 1,457.00     $ 2,476.00     $ 5,202.00
EQ/International Growth                       $ 506.00     $ 1,542.00     $ 2,612.00     $ 5,446.00
EQ/Janus Large Cap Growth++                   $ 490.00     $ 1,497.00     $ 2,539.00     $ 5,316.00
EQ/JPMorgan Core Bond                         $ 442.00     $ 1,356.00     $ 2,313.00     $ 4,906.00
EQ/JPMorgan Value Opportunities               $ 460.00     $ 1,408.00     $ 2,397.00     $ 5,060.00
EQ/Legg Mason Value Equity                    $ 471.00     $ 1,442.00     $ 2,451.00     $ 5,158.00
EQ/Long Term Bond                             $ 441.00     $ 1,353.00     $ 2,308.00     $ 4,897.00
EQ/Lord Abbett Growth and Income              $ 475.00     $ 1,454.00     $ 2,471.00     $ 5,194.00
EQ/Lord Abbett Large Cap Core                 $ 491.00     $ 1,500.00     $ 2,544.00     $ 5,325.00
EQ/Lord Abbett Mid Cap Value                  $ 472.00     $ 1,445.00     $ 2,456.00     $ 5,167.00
EQ/Marsico Focus                              $ 483.00     $ 1,475.00     $ 2,505.00     $ 5,255.00
EQ/MFS Emerging Growth Companies+             $ 464.00     $ 1,420.00     $ 2,417.00     $ 5,096.00
- ------------------------------------------------------------------------------------------------------



16 FEE TABLE






- ------------------------------------------------------------------------------------------------------
                                                   If you annuitize at the end of the
                                                         applicable time period
- ------------------------------------------------------------------------------------------------------
Portfolio Name                            1 year     3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------
                                                                      
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust+                     N/A     $ 1,758.00     $ 2,747.00     $ 5,410.00
EQ/Money Market                             N/A     $ 1,669.00     $ 2,603.00     $ 5,146.00
EQ/Montag & Caldwell Growth                 N/A     $ 1,804.00     $ 2,821.00     $ 5,544.00
EQ/Mutual Shares                            N/A     $ 1,953.00     $ 3,058.00     $ 5,965.00
EQ/Oppenheimer Global                       N/A     $ 2,210.00     $ 3,463.00     $ 6,653.00
EQ/Oppenheimer Main Street Opportunity      N/A     $ 2,260.00     $ 3,542.00     $ 6,781.00
EQ/Oppenheimer Main Street Small Cap        N/A     $ 2,245.00     $ 3,519.00     $ 6,744.00
EQ/PIMCO Real Return                        N/A     $ 1,749.00     $ 2,732.00     $ 5,383.00
EQ/Short Duration Bond                      N/A     $ 1,700.00     $ 2,653.00     $ 5,238.00
EQ/Small Cap Value+                         N/A     $ 1,795.00     $ 2,806.00     $ 5,517.00
EQ/Small Company Growth+                    N/A     $ 1,883.00     $ 2,947.00     $ 5,770.00
EQ/Small Company Index                      N/A     $ 1,654.00     $ 2,578.00     $ 5,099.00
EQ/TCW Equity++                             N/A     $ 1,819.00     $ 2,845.00     $ 5,588.00
EQ/Templeton Growth                         N/A     $ 2,010.00     $ 3,149.00     $ 6,123.00
EQ/UBS Growth and Income                    N/A     $ 1,807.00     $ 2,826.00     $ 5,552.00
EQ/Van Kampen Comstock                      N/A     $ 1,783.00     $ 2,786.00     $ 5,481.00
EQ/Van Kampen Emerging Markets Equity       N/A     $ 1,989.00     $ 3,116.00     $ 6,065.00
EQ/Van Kampen Mid Cap Growth                N/A     $ 1,810.00     $ 2,830.00     $ 5,561.00
EQ/Wells Fargo Montgomery Small Cap++       N/A     $ 1,910.00     $ 2,991.00     $ 5,847.00
- ------------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++              N/A     $ 1,865.00     $ 2,918.00     $ 5,718.00
- ------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------
                                           If you surrender or do not surrender your contract at
                                                   the end of the applicable time period
- ------------------------------------------------------------------------------------------------------
Portfolio Name                            1 year       3 years        5 years        10 years
- ------------------------------------------------------------------------------------------------------
                                                                        
EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------
EQ/MFS Investors Trust+                  $ 460.00     $ 1,408.00     $ 2,397.00     $ 5,060.00
EQ/Money Market                          $ 429.00     $ 1,319.00     $ 2,253.00     $ 4,796.00
EQ/Montag & Caldwell Growth              $ 475.00     $ 1,454.00     $ 2,471.00     $ 5,194.00
EQ/Mutual Shares                         $ 527.00     $ 1,603.00     $ 2,708.00     $ 5,615.00
EQ/Oppenheimer Global                    $ 617.00     $ 1,860.00     $ 3,113.00     $ 6,303.00
EQ/Oppenheimer Main Street Opportunity   $ 635.00     $ 1,910.00     $ 3,192.00     $ 6,431.00
EQ/Oppenheimer Main Street Small Cap     $ 630.00     $ 1,895.00     $ 3,169.00     $ 6,394.00
EQ/PIMCO Real Return                     $ 457.00     $ 1,399.00     $ 2,382.00     $ 5,033.00
EQ/Short Duration Bond                   $ 440.00     $ 1,350.00     $ 2,303.00     $ 4,888.00
EQ/Small Cap Value+                      $ 472.00     $ 1,445.00     $ 2,456.00     $ 5,167.00
EQ/Small Company Growth+                 $ 503.00     $ 1,533.00     $ 2,597.00     $ 5,420.00
EQ/Small Company Index                   $ 424.00     $ 1,304.00     $ 2,228.00     $ 4,749.00
EQ/TCW Equity++                          $ 481.00     $ 1,469.00     $ 2,495.00     $ 5,238.00
EQ/Templeton Growth                      $ 547.00     $ 1,660.00     $ 2,799.00     $ 5,773.00
EQ/UBS Growth and Income                 $ 477.00     $ 1,457.00     $ 2,476.00     $ 5,202.00
EQ/Van Kampen Comstock                   $ 468.00     $ 1,433.00     $ 2,436.00     $ 5,131.00
EQ/Van Kampen Emerging Markets Equity    $ 540.00     $ 1,639.00     $ 2,766.00     $ 5,715.00
EQ/Van Kampen Mid Cap Growth             $ 478.00     $ 1,460.00     $ 2,480.00     $ 5,211.00
EQ/Wells Fargo Montgomery Small Cap++    $ 512.00     $ 1,560.00     $ 2,641.00     $ 5,497.00
- ------------------------------------------------------------------------------------------------------
THE UNIVERSAL INSTITUTIONAL FUNDS, INC.:
- ------------------------------------------------------------------------------------------------------
U.S. Real Estate -- Class II++           $ 496.00     $ 1,515.00     $ 2,568.00     $ 5,368.00
- ------------------------------------------------------------------------------------------------------




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Contract features and benefits" later in this Prospectus for the
     investment option's former name.



**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix IV at the end of this Prospectus.


                                                                    FEE TABLE 17



CONDENSED FINANCIAL INFORMATION


Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.


18 FEE TABLE



1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum initial contribution of $25,000 for you
to purchase a contract. You may make additional contributions of at least $500
each for NQ and Rollover TSA contracts and $50 for Rollover IRA and Roth
Conversion contracts and $1000 for Inherited IRA contracts, subject to
limitations noted below. The following table summarizes our rules regarding
contributions to your contract. Both the owner and the annuitant named in the
contract must meet the issue age requirements shown in the table, and
contributions are based on the age of the older of the original owner and
annuitant.

We may refuse to accept any contribution if the sum of all contributions under
all Accumulator(R) series contracts with the same owner or annuitant would then
total more than $1,500,000 ($500,000 for owners or annuitants who are age 81
and older at contract issue unless you elect GWBL). We may also refuse to
accept any contribution if the sum of all contributions under all AXA Equitable
annuity accumulation contracts with the same owner or annuitant would then
total more than $2,500,000. We may waive these contribution limitations based
on certain criteria, including benefits that have been elected, issue age, the
total amount of contributions, variable investment option allocations and
selling broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.


- --------------------------------------------------------------------------------
THE "OWNER" IS THE PERSON WHO IS THE NAMED OWNER IN THE CONTRACT AND, IF AN
INDIVIDUAL, IS THE MEASURING LIFE FOR DETERMINING CONTRACT BENEFITS. THE
"ANNUITANT" IS THE PERSON WHO IS THE MEASURING LIFE FOR DETERMINING THE
CONTRACT'S MATURITY DATE. THE ANNUITANT IS NOT NECESSARILY THE CONTRACT OWNER.
WHERE THE OWNER OF A CONTRACT IS NON-NATURAL, THE ANNUITANT IS THE MEASURING
LIFE FOR DETERMINING CONTRACT BENEFITS.
- --------------------------------------------------------------------------------




- ----------------------------------------------------------------------------------------------------------------------------------
             Available
Contract   for owner and     Minimum                                                         Limitations on
type        annuitant ages   contributions                     Source of contributions       contributions+
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                
NQ          0 through 85      o $25,000 (initial)             o After-tax money.             o No additional contributions
                              o $500 (additional)                                              after attainment of age 86
                              o $100 monthly and $300         o Paid to us by check or         or, if later, the first contract
                                quarterly under our auto-       transfer of contract value     date anniversary.*
                                matic investment program        in a tax-deferred exchange
                                (additional)                    under Section 1035 of the
                                                                Internal Revenue Code.
- ----------------------------------------------------------------------------------------------------------------------------------



                                               CONTRACT FEATURES AND BENEFITS 19






- --------------------------------------------------------------------------------
                Available
Contract       for owner and     Minimum
type           annuitant ages   contributions
- --------------------------------------------------------------------------------
                          
Rollover IRA   20 through 85     o $25,000 (initial)
                                 o $50 (additional)


- --------------------------------------------------------------------------------
Contract                                        Limitations on
type            Source of contributions         contributions+
- --------------------------------------------------------------------------------
                                          
Rollover IRA   o Eligible rollover distribu-    o No rollover or direct transfer
                 tions from TSA contracts or      contributions after attain-
                 other 403(b) arrangements,       ment of age 86 or, if later,
                 qualified plans, and govern-     the first contract date anni-
                 mental employer 457(b)           versary.*
                 plans.
                                                o Contributions after age 70-1/2
               o Rollovers from another           must be net of required
                 traditional individual           minimum distributions.
                 retirement arrangement.
                                                o Although we accept regular
               o Direct custodian-to-             IRA contributions (limited to
                 custodian transfers from         $4,000 for 2007 and
                 another traditional indi-        $5,000 for 2008) under the
                 vidual retirement                Rollover IRA contracts, we
                 arrangement.                     intend that this contract be
                                                  used primarily for rollover
               o Regular IRA contributions.       and direct transfer
                                                  contributions.
               o Additional "catch-up" con-
                 tributions.
                                                o Additional catch-up contri-
                                                  butions of up to $1000 per
                                                  calendar year where the
                                                  owner is at least age 50 but
                                                  under age 70-1/2 at any time
                                                  during the calendar year for
                                                  which the contribution is
                                                  made.
- --------------------------------------------------------------------------------



20 CONTRACT FEATURES AND BENEFITS






- --------------------------------------------------------------------------------
                    Available
Contract           for owner and     Minimum
type               annuitant ages   contributions
- --------------------------------------------------------------------------------
                              
Roth Conversion    20 through 85     o $25,000 (initial)
IRA
                                     o $50 (additional)
- --------------------------------------------------------------------------------
Inherited IRA      0-70              o $25,000 (initial)
Beneficiary
Continuation                         o $1,000 (additional)
Contract
(traditional IRA
or Roth IRA)


- --------------------------------------------------------------------------------
Contract                                         Limitations on
type                Source of contributions      contributions+
- --------------------------------------------------------------------------------
                                          
Roth Conversion    o Rollovers from another      o No additional rollover or
IRA                  Roth IRA.                     direct transfer contributions
                                                   after attainment of age 86
                   o Rollovers from a "desig-      or, if later, the first
                     nated Roth contribution       contract date anniversary.*
                     account" under a 401(k)
                     plan or 403(b)              o Conversion rollovers after
                     arrangement.                  age 70-1/2 must be net of
                                                   required minimum distribu-
                   o Conversion rollovers from a   tions for the traditional IRA
                     traditional IRA.              you are rolling over.

                   o Direct transfers from
                     another Roth IRA.           o You cannot roll over funds
                                                   from a traditional IRA if
                                                   your adjusted gross income is
                   o Regular Roth IRA              $100,000 or more.
                     contributions.

                   o Additional catch-up contri-  o Although we accept regular
                     butions.                       Roth IRA contributions (lim-
                                                    ited to $4,000 for 2007 and
                                                    $5,000 for 2008) under the
                                                    Roth IRA contracts, we
                                                    intend that this contract be
                                                    used primarily for rollover
                                                    and direct transfer
                                                    contributions.

                                                  o Additional catch-up contri-
                                                    butions of up to $1,000 per
                                                    calendar year where the
                                                    owner is at least age 50 at
                                                    any time during the calendar
                                                    year for which the contribu-
                                                    tion is made.
- --------------------------------------------------------------------------------
Inherited IRA      o Direct custodian-to-         o Any additional contributions
Beneficiary          custodian transfers of your    must be from the same type
Continuation         interest as a death benefi-    of IRA of the same deceased
Contract             ciary of the deceased          owner.
(traditional IRA     owner's traditional indi-
or Roth IRA)         vidual retirement            o Non-spousal beneficiary
                     arrangement or Roth IRA to     direct rollover contribu-
                     an IRA of the same type.       tions from qualified plans,
                                                    403(b) arrangements and
                                                    governmental employer 457(b)
                                                    plans may be made to a
                                                    traditional Inherited IRA
                                                    contract under specified
                                                    circumstances.



                                               CONTRACT FEATURES AND BENEFITS 21






- --------------------------------------------------------------------------------
                Available
Contract      for owner and     Minimum
type           annuitant ages   contributions
- --------------------------------------------------------------------------------
                          
Rollover TSA   20 through 85     o $25,000 (initial)
                                 o $500 (additional)


- --------------------------------------------------------------------------------
Contract                                       Limitations on
type            Source of contributions        contributions+
- --------------------------------------------------------------------------------
                                         
Rollover TSA   o Direct transfers of pre-tax   o No additional rollover or
                 funds from another contract     direct transfer contributions
                 or arrangement under Sec-       after attainment of age 86
                 tion 403(b) of the Internal     or, if later, the first contract
                 Revenue Code, complying         date anniversary.*
                 with IRS Revenue Ruling
                 90-24.                        o Rollover or direct transfer
                                                 contributions after age 70-1/2
               o Eligible rollover distribu-     must be net of any required
                 tions of pre-tax funds from     minimum distributions.
                 other 403(b) plans. Subse-
                 quent contributions may       o We do not accept employer-
                 also be rollovers from quali-   remitted contributions.
                 fied plans, governmental
                 employer 457(b) plans and
                 traditional IRAs.



+    Additional contributions may not be permitted under certain conditions in
     your state. Please see Appendix VI later in the Prospectus to see if
     additional contributions are permitted in your state. If you are
     participating in a Principal guarantee benefit, contributions will only be
     permitted for the first six months after the contract is issued and no
     further contributions will be permitted for the life of the contract. For
     the Guaranteed withdrawal benefit for life option, additional contributions
     are not permitted after the later of: (i) the end of the first contract
     year, and (ii) the date you make your first withdrawal.

*    Please see Appendix VI later in this Prospectus for state variations.

See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution
limitations. For information on when contributions are credited under your
contract see "Dates and prices at which contract events occur" in "More
information" later in this Prospectus.

22 CONTRACT FEATURES AND BENEFITS



OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. We do not
permit partnerships or limited liability corporations to be owners. We also
reserve the right to prohibit availability of this contract to other
non-natural owners. Only natural persons can be joint owners. In general, we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gift to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary.


Under all IRA and Rollover TSA contracts, the owner and annuitant must be the
same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract. See Inherited IRA beneficiary
continuation contract later in this section for Inherited IRA owner and
annuitant requirements.


Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. We do
not permit joint annuitants unless you elect the Guaranteed withdrawal benefit
for life on a Joint life basis and the contract is owned by a non-natural
owner.

HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose, including circumstances under which such contributions are
considered received by us when your order is taken by such broker-dealers.
Additional contributions may also be made under our automatic investment
program. These methods of payment are discussed in detail in "More information"
later in this Prospectus.

- --------------------------------------------------------------------------------
THE "CONTRACT DATE" IS THE EFFECTIVE DATE OF A CONTRACT. THIS USUALLY IS THE
BUSINESS DAY WE RECEIVE THE PROPERLY COMPLETED AND SIGNED APPLICATION, ALONG
WITH ANY OTHER REQUIRED DOCUMENTS, AND YOUR INITIAL CONTRIBUTION. YOUR CONTRACT
DATE WILL BE SHOWN IN YOUR CONTRACT. THE 12-MONTH PERIOD BEGINNING ON YOUR
CONTRACT DATE AND EACH 12-MONTH PERIOD AFTER THAT DATE IS A "CONTRACT YEAR."
THE END OF EACH 12-MONTH PERIOD IS YOUR "CONTRACT DATE ANNIVERSARY." FOR
EXAMPLE, IF YOUR CONTRACT DATE IS MAY 1, YOUR CONTRACT DATE ANNIVERSARY IS
APRIL 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain that
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
OUR "BUSINESS DAY" IS GENERALLY ANY DAY THE NEW YORK STOCK EXCHANGE IS OPEN FOR
TRADING AND GENERALLY ENDS AT 4:00 P.M. EASTERN TIME. A BUSINESS DAY DOES NOT
INCLUDE A DAY WE CHOOSE NOT TO OPEN DUE TO EMERGENCY CONDITIONS. WE MAY ALSO
CLOSE EARLY DUE TO EMERGENCY CONDITIONS.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?


You can choose from among the variable investment options, the guaranteed
interest option and the fixed maturity options. If you elect the Guaranteed
withdrawal benefit for life or the 100% Principal guarantee benefit, your
investment options will be limited to the guaranteed interest option and the
following variable investment options: the AXA Allocation portfolios and the
EQ/Franklin Templeton Founding Strategy portfolio ("permitted variable
investment options").

If you elect the 125% Principal guarantee benefit, your investment options will
be limited to the guaranteed interest option and the AXA Moderate Allocation
portfolio.


VARIABLE INVESTMENT OPTIONS

Your investment results in any one of the variable investment options will
depend on the investment performance of the underlying portfolios. You can lose
your principal when investing in the variable investment options. In periods of
poor market performance, the net return, after charges and expenses, may result
in negative yields, including for the EQ/Money Market variable investment
option. Listed below are the currently available portfolios, their investment
objectives and their advisers.

                                              CONTRACT FEATURES AND BENEFITS  23



PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Accumulator(R)
Select(SM) contract. These portfolios may even have the same manager(s) and/or a
similar name. However, there are numerous factors that can contribute to
differences in performance between two investments, particularly over short
periods of time. Such factors may include fees and expenses; the timing of
stock purchases and sales; differences in fund cash flows; and specific
strategies employed by the portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                   Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                                applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                  
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                     o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                     o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a        o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.  o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,  o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.                              o AllianceBernstein L.P.
 EQUITY(1)                                                                              o ClearBridge Advisors, LLC
                                                                                        o Legg Mason Capital Management, Inc.
                                                                                        o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital    o BlackRock Financial Management, Inc.
                              appreciation, consistent with a prudent level of risk.    o Pacific Investment Management Company
                                                                                          LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.                              o AIM Capital Management, Inc.
                                                                                        o RCM Capital Management LLC
                                                                                        o Wellington Management Company, LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current        o Pacific Investment Management Company
                              income and capital appreciation.                            LLC
                                                                                        o Post Advisory Group, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.                              o AllianceBernstein L.P.
 EQUITY(5)                                                                              o JPMorgan Investment Management Inc.
                                                                                        o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------



24 CONTRACT FEATURES AND BENEFITS






- -------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                           Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                 Objective                                     applicable)
- -------------------------------------------------------------------------------------------------------------------------------
                                                                          
MULTIMANAGER LARGE CAP CORE      Long-term growth of capital.                   o AllianceBernstein L.P.
 EQUITY(6)                                                                      o Janus Capital Management LLC
                                                                                o Thornburg Investment Management, Inc.
- -------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP           Long-term growth of capital.                   o RCM Capital Management LLC
 GROWTH(7)                                                                      o TCW Investment Management Company
                                                                                o T. Rowe Price Associates, Inc.
- -------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP           Long-term growth of capital.                   o AllianceBernstein L.P.
 VALUE(8)                                                                       o Institutional Capital LLC
                                                                                o MFS Investment Management
- -------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP             Long-term growth of capital.                   o AllianceBernstein L.P.
 GROWTH(9)                                                                      o Franklin Advisers, Inc.
                                                                                o Provident Investment Counsel, Inc.
- -------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP VALUE(10)   Long-term growth of capital.                   o AXA Rosenberg Investment Management LLC
                                                                                o TCW Investment Management Company
                                                                                o Wellington Management Company, LLP
- -------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)      Long-term growth of capital.                   o Firsthand Capital Management, Inc.
                                                                                o RCM Capital Management LLC
                                                                                o Wellington Management Company, LLP
- -------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                               Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)                 Objective                                     applicable)
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COMMON      Seeks to achieve long-term growth of capital.  o AllianceBernstein L.P.
 STOCK
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH      Seeks to provide a high total return.          o AllianceBernstein L.P.
 AND INCOME++
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERME-    Seeks to achieve high current income consis-   o AllianceBernstein L.P.
 DIATE GOVERNMENT SECURITIES     tent with relative stability of principal.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTERNA-    Seeks to achieve long-term growth of capital.  o AllianceBernstein L.P.
 TIONAL
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE       Seeks to achieve long-term growth of capital.  o AllianceBernstein L.P.
 CAP GROWTH
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY     Seeks to achieve high current income consis-   o AllianceBernstein L.P.
 BOND                            tent with moderate risk to capital.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL       Seeks to achieve long-term growth of capital.  o AllianceBernstein L.P.
 CAP GROWTH
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE       Seeks capital appreciation.                    o AllianceBernstein L.P.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II         Seeks long-term capital appreciation.          o Ariel Capital Management, LLC
- -------------------------------------------------------------------------------------------------------------------------------
EQ/AXA ROSENBERG VALUE LONG/     Seeks to increase value through bull markets   o AXA Rosenberg Investment Management LLC
 SHORT EQUITY                    and bear markets using strategies that are
                                 market risk.
- -------------------------------------------------------------------------------------------------------------------------------



                                               CONTRACT FEATURES AND BENEFITS 25






- -------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                               Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              Objective                                        applicable)
- -------------------------------------------------------------------------------------------------------------------------------
                                                                          
EQ/BLACKROCK BASIC VALUE       Seeks capital appreciation and secondarily,      o BlackRock Investment Management, LLC
 EQUITY(12)                    income.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK INTERNATIONAL     Seeks to provide current income and long-term    o BlackRock Investment Management Interna-
 VALUE(13)                     growth of income, accompanied by growth of         tional Limited
                               capital.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY      Seeks a combination of growth and income to      o Boston Advisors, LLC
 INCOME                        achieve an above-average and consistent total
                               return.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY            Seeks long-term capital appreciation.            o Calvert Asset Management Company, Inc.
 RESPONSIBLE                                                                    o Bridgeway Capital Management, Inc.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH     Seeks long-term growth of capital.               o Capital Guardian Trust Company
- -------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN            To achieve long-term growth of capital.          o Capital Guardian Trust Company
 INTERNATIONAL+
- -------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN RESEARCH   Seeks to achieve long-term growth of capital.    o Capital Guardian Trust Company
- -------------------------------------------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.       Seeks to achieve long-term growth of capital.    o Capital Guardian Trust Company
 EQUITY++
- -------------------------------------------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH YIELD   Seeks to maximize current income.                o Caywood-Scholl Capital Management
 BOND
- -------------------------------------------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE      Seeks long-term growth of capital.               o Davis Selected Advisers, L.P.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX            Seeks a total return before expenses that        o AllianceBernstein L.P.
                               approximates the total return performance of
                               the S&P 500 Index, including reinvestment of
                               dividends, at a risk level consis-tent with
                               that of the S&P 500 Index.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL     Seeks capital growth and current income.         o Evergreen Investment Management
 BOND                                                                             Company, LLC
                                                                                o First International Fund Advisors (dba
                                                                                  "Evergreen International")
- -------------------------------------------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA             Seeks long-term capital growth.                  o Evergreen Investment Management
                                                                                  Company, LLC
- -------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP                  Seeks long-term growth of capital.               o Fidelity Management & Research Company
- -------------------------------------------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+           Seeks long-term capital appreciation.            o Fidelity Management & Research Company
- -------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME             Seeks to maximize income while maintaining       o Franklin Advisers, Inc.
                               prospects for capital appreciation.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE    Seeks long-term total return.                    o Franklin Advisory Services, LLC
- -------------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON FOUND-   Primarily seeks capital appreciation and         o AXA Equitable
 ING STRATEGY(**)              secondarily seeks income.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND ACQUI-    Seeks to achieve capital appreciation.           o GAMCO Asset Management Inc.
 SITIONS
- -------------------------------------------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY         Seeks to maximize capital appreciation.          o GAMCO Asset Management Inc.
 VALUE
- -------------------------------------------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH        Seeks to achieve capital appreciation.           o MFS Investment Management.
- -------------------------------------------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++    Seeks long-term growth of capital.               o Janus Capital Management LLC
- -------------------------------------------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND          Seeks to provide a high total return consistent  o JPMorgan Investment Management Inc.
                               with moderate risk to capital and maintenance
                               of liquidity.
- -------------------------------------------------------------------------------------------------------------------------------



26 CONTRACT FEATURES AND BENEFITS






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                                 applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/JPMORGAN VALUE               Long-term capital appreciation.                           o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY      Seeks long-term growth of capital.                        o Legg Mason Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LONG TERM BOND               Seeks to maximize income and capital appreciation         o BlackRock Financial Management, Inc.
                                through investment in long-maturity debt obligations.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND       Capital appreciation and growth of income without         o Lord, Abbett & Co. LLC
 INCOME                         excessive fluctuation in market value.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP CORE   Capital appreciation and growth of income with reason-   o Lord, Abbett & Co. LLC
                                able risk.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE    Capital appreciation.                                    o Lord, Abbett & Co. LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MARSICO FOCUS                Seeks long-term growth of capital.                       o Marsico Capital Management, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH          Seeks to provide long-term capital growth.               o MFS Investment Management
 COMPANIES+
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+         Seeks long-term growth of capital with a secondary       o MFS Investment Management
                                objective to seek reasonable current income. For purposes
                                of this Portfolio, the words "reasonable current income"
                                mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET                 Seeks to obtain a high level of current income, preserve o The Dreyfus Corporation
                                its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL            Seeks to achieve capital appreciation.                   o Montag & Caldwell, Inc.
 GROWTH
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MUTUAL SHARES                Seeks capital appreciation, which may occasionally be    o Franklin Mutual Advisers, LLC
                                short-term, and secondarily, income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL           Seeks capital appreciation.                              o OppenheimerFunds, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      Seeks long-term capital appreciation.                    o OppenheimerFunds, Inc.
 OPPORTUNITY
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET      Seeks capital appreciation.                              o OppenheimerFunds, Inc.
 SMALL CAP
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN            Seeks maximum real return consistent with preservation   o Pacific Investment Management Company,
                                of real capital and prudent investment management.         LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND          Seeks current income with reduced volatility of          o BlackRock Financial Management, Inc.
                                principal.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+             Seeks capital appreciation.                              o Lazard Asset Management LLC
                                                                                         o Franklin Advisory Services, LLC
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+        Seeks to achieve capital appreciation.                   o Bear Stearns Asset Management Inc.
                                                                                         o Eagle Asset Management, Inc.
                                                                                         o Wells Capital Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX          Seeks to replicate as closely as possible                o AllianceBernstein L.P.
                                (before the deduction of portfolio expenses)
                                the total return of the Russell 2000 Index.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TCW EQUITY++                 Seeks to achieve long-term capital appreciation.         o TCW Investment Management Company
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH             Seeks long-term capital growth.                          o Templeton Global Advisors Limited
- ------------------------------------------------------------------------------------------------------------------------------------



                                               CONTRACT FEATURES AND BENEFITS 27






- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                             Investment Manager (or Sub-Adviser(s),
Portfolio Name(*)                Objective                                                    as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
EQ/UBS GROWTH AND INCOME         Seeks to achieve total return through capital appreciation   o UBS Global Asset Management
                                 with income as a secondary consideration.                      (Americas) Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK           Capital growth and income.                                   o Morgan Stanley Investment
                                                                                                Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING MAR-      Seeks long-term capital appreciation.                        o Morgan Stanley Investment
 KETS EQUITY                                                                                    Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP            Capital growth.                                              o Morgan Stanley Investment
 GROWTH                                                                                         Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY        Seeks long-term capital appreciation.                        o Wells Capital Management Inc.
 SMALL CAP++
- ------------------------------------------------------------------------------------------------------------------------------------
The Universal Institutional
Funds, Inc.
Portfolio Name                   Objective                                                         Investment Manager
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. REAL ESTATE -- CLASS II++   Seeks to provide above average current income and long-     o Van Kampen (is the name under which
                                 term capital appreciation by investing primarily in equity    Morgan Stanley Investment Management
                                 securities of companies in the U.S. real estate industry,     Inc. does business in certain
                                 including real estate investment trusts.                      situations)
- ------------------------------------------------------------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.



- ------------------------------------------------------------
 FN          Portfolio Name until May 29, 2007
- ------------------------------------------------------------
 (1)         AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------
 (2)         AXA Premier VIP Core Bond
- ------------------------------------------------------------
 (3)         AXA Premier VIP Health Care
- ------------------------------------------------------------
 (4)         AXA Premier VIP High Yield
- ------------------------------------------------------------
 (5)         AXA Premier VIP International Equity
- ------------------------------------------------------------
 (6)         AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------
 (7)         AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------
 (8)         AXA Premier VIP Large Cap Value
- ------------------------------------------------------------
 (9)         AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------
 (10)        AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------
 (11)        AXA Premier VIP Technology
- ------------------------------------------------------------
 (12)        EQ/Mercury Basic Value Equity
- ------------------------------------------------------------
 (13)        EQ/Mercury International Value
- ------------------------------------------------------------



**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned substitution or merger of this Portfolio.


YOU SHOULD CONSIDER THE INVESTMENT OBJECTIVE, RISKS, AND CHARGES AND EXPENSES
OF THE PORTFOLIOS CAREFULLY BEFORE INVESTING. THE PROSPECTUSES FOR THE
PORTFOLIOS CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE PORTFOLIOS.
THE PROSPECTUSES SHOULD BE READ CAREFULLY BEFORE INVESTING. IN ORDER TO OBTAIN
COPIES OF TRUST PROSPECTUSES THAT DO NOT ACCOMPANY THIS PROSPECTUS, YOU MAY
CALL ONE OF OUR CUSTOMER SERVICE REPRESENTATIVES AT 1-800-789-7771.

28 CONTRACT FEATURES AND BENEFITS



GUARANTEED INTEREST OPTION

The guaranteed interest option is part of our general account and pays interest
at guaranteed rates. We discuss our general account under "More information"
later in this Prospectus.

We assign an interest rate to each amount allocated to the guaranteed interest
option. This rate is guaranteed for a specified period. Therefore, different
interest rates may apply to different amounts in the guaranteed interest
option.

We credit interest daily to amounts in the guaranteed interest option. There
are three levels of interest in effect at the same time in the guaranteed
interest option:

(1) the minimum interest rate guaranteed over the life of the contract,

(2) the yearly guaranteed interest rate for the calendar year, and

(3) the current interest rate.

We set current interest rates periodically, according to our procedures that we
have in effect at the time. We reserve the right to change these procedures.
All interest rates are effective annual rates, but before deduction of annual
administrative charges and any optional benefit charges. See Appendix VI later
in this Prospectus for state variations.


Depending on the state where your contract is issued, your lifetime minimum
rate ranges from 1.00% to 3.00%. The data page for your contract shows the
lifetime minimum rate. Check with your financial professional as to which rate
applies in your state. The minimum yearly rate will never be less than the
lifetime minimum rate. The minimum yearly rate for 2007 is 3.00%. Current
interest rates will never be less than the yearly guaranteed interest rate.


Generally, contributions and transfers into and out of the guaranteed interest
option are limited. See "Transferring your money among the investment options"
later in this Prospectus for restrictions on transfers to and from the
guaranteed interest option.

FIXED MATURITY OPTIONS

We offer fixed maturity options with maturity dates ranging from one to ten
years. We will not accept allocations to a fixed maturity option if on the date
the contribution or transfer is to be applied the rate to maturity is 3%. This
means that, at any given time, we may not offer fixed maturity options with all
ten possible maturity dates. You can allocate your contributions to one or more
of these fixed maturity options, however, you may not have more than 12
different maturities running during any contract year. This limit includes any
maturities that have had any allocation or transfers even if the entire amount
is withdrawn or transferred during the contract year. These amounts become part
of a non-unitized separate account. They will accumulate interest at the "rate
to maturity" for each fixed maturity option. The total amount you allocate to
and accumulate in each fixed maturity option is called the "fixed maturity
amount." The fixed maturity options are not available in all states. Check with
your financial professional or see Appendix VI later in this Prospectus to see
if fixed maturity options are available in your state.

- --------------------------------------------------------------------------------
FIXED MATURITY OPTIONS RANGE FROM ONE TO TEN YEARS TO MATURITY.
- --------------------------------------------------------------------------------

On the maturity date of a fixed maturity option your fixed maturity amount,
assuming you have not made any withdrawals or transfers, will equal your
contribution to that fixed maturity option plus interest, at the rate to
maturity for that contribution, to the date of the calculation. This is the
fixed maturity option's "maturity value." Before maturity, the current value we
will report for your fixed maturity amounts will reflect a market value
adjustment. Your current value will reflect the market value adjustment that we
would make if you were to withdraw all of your fixed maturity amounts on the
date of the report. We call this your "market adjusted amount."

FIXED MATURITY OPTIONS AND MATURITY DATES. We offer fixed maturity options with
maturity dates ranging from one to ten years. Not all of these fixed maturity
options will be available for owner and annuitant ages 76 and older. See
"Allocating your contributions" below.


Each new contribution is applied to a new fixed maturity option. When you apply
for an Accumulator(R) Select(SM) contract, a 60-day rate lock-in will apply from
the date the application is signed. Any contributions received and designated
for a fixed maturity option during this period will receive the then current
fixed maturity option rate or the rate that was in effect on the date that the
application was signed, whichever is greater. There is no rate lock available
for subsequent contributions to the contract after 60 days, transfers from any
of the variable investment options or the guaranteed interest option into a
fixed maturity option or transfers from one fixed maturity option to another.


YOUR CHOICES AT THE MATURITY DATE. We will notify you between 15 and 45 days
before each of your fixed maturity options is scheduled to mature. At that
time, you may choose to have one of the following take place on the maturity
date, as long as none of the restrictive conditions listed in "Allocating your
contributions," below would apply:

(a)  transfer the maturity value into another available fixed maturity option,
     any of the variable investment options or the guaranteed interest option;
     or

(b)  withdraw the maturity value.


If we do not receive your choice on or before the fixed maturity option's
maturity date, we will automatically transfer your maturity value into the
shortest available maturity option beginning on that date. As of February 15,
2007, the next available maturity date was February 15, 2008. If no fixed
maturity options are available we will transfer your maturity value to the
EQ/Money Market option.


MARKET VALUE ADJUSTMENT. If you make any withdrawals (including transfers,
surrender of your contract or when we make deductions for charges) from a fixed
maturity option before it matures we will make a market value adjustment, which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. A market value adjustment will also apply if amounts in a
fixed maturity option are used to purchase any annuity payment option prior to
the maturity date and may apply on payment of a death benefit. The market value
adjustment, positive or negative, resulting from a withdrawal or transfer
(including a deduction for charges) of a portion of the amount in the fixed
maturity option will be a percentage of the market value adjustment that would
apply if you were to withdraw the entire amount in that fixed maturity option.
The market value adjustment applies to the amount remaining in a fixed maturity
option and does not reduce the actual amount of a withdrawal. The amount
applied to an annuity payout option will reflect the application of any
applicable

                                              CONTRACT FEATURES AND BENEFITS  29



market value adjustment (either positive or negative). We only apply a positive
market value adjustment to the amount in the fixed maturity option when
calculating any death benefit proceeds under your contract. The amount of the
adjustment will depend on two factors:

(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate we have in effect at that time for new fixed
     maturity options, (adjusted to reflect a similar maturity date) and

(b)  the length of time remaining until the maturity date.

If fixed maturity option interest rates rise from the time that you originally
allocate an amount to a fixed maturity option to the time that you take a
withdrawal, the market value adjustment will be negative. Likewise, if fixed
maturity option interest rates drop at the end of that time, the market value
adjustment will be positive. Also, the amount of the market value adjustment,
either up or down, will be greater the longer the time remaining until the
fixed maturity option's maturity date. Therefore, it is possible that the
market value adjustment could greatly reduce your value in the fixed maturity
options, particularly in the fixed maturity options with later maturity dates.

We provide an illustration of the market adjusted amount of specified maturity
values, an explanation of how we calculate the market value adjustment, and
information concerning our general account and investments purchased with
amounts allocated to the fixed maturity options, in "More information" later in
this Prospectus. Appendix II at the end of this Prospectus provides an example
of how the market value adjustment is calculated.

ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, Inc., he or she is acting as a broker-dealer registered
representative, and is not authorized to act as an investment advisor or to
manage the allocations under your contract. If your financial professional is a
registered representative with a broker-dealer other than AXA Advisors, you
should speak with him/her regarding any different arrangements that may apply.


SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more, or all, of the variable
investment options, guaranteed interest option (subject to restrictions in
certain states--see Appendix VI later in this Prospectus for state variations)
and fixed maturity options. Allocations must be in whole percentages and you
may change your allocations at any time. No more than 25% of any contribution
may be allocated to the guaranteed interest option. The total of your
allocations into all available investment options must equal 100%. If an owner
or annuitant is age 76-80, you may allocate contributions to fixed maturity
options with maturities of seven years or less. If an owner or annuitant is age
81 or older, you may allocate contributions to fixed maturity options with
maturities of five years or less. Also, you may not allocate amounts to fixed
maturity options with maturity dates that are later than the date annuity
payments are to begin.

DOLLAR COST AVERAGING

We offer a variety of dollar cost averaging programs. You may only participate
in one program at a time. Each program allows you to gradually allocate amounts
to available investment options by periodically transferring approximately the
same dollar amount to the investment options you select. Regular allocations to
the variable investment options will cause you to purchase more units if the
unit value is low and fewer units if the unit value is high. Therefore, you may
get a lower average cost per unit over the long term. These plans of investing,
however, do not guarantee that you will earn a profit or be protected against
losses. You may not make transfers to the fixed maturity options or the
guaranteed interest option.

- --------------------------------------------------------------------------------
UNITS MEASURE YOUR VALUE IN EACH VARIABLE INVESTMENT OPTION.
- --------------------------------------------------------------------------------

12 MONTH DOLLAR COST AVERAGING PROGRAM. You may dollar cost average from the
EQ/Money Market option into any of the other variable investment options. You
may elect to participate in the 12 month dollar cost averaging program at any
time subject to the age limitation on contributions described earlier in this
Prospectus. Contributions into the account for 12 month dollar cost averaging
may not be transfers from other investment options. You must allocate your
entire initial contribution into the EQ/Money Market option if you are selecting
the 12 month dollar cost averaging program at application to purchase an
Accumulator(R) Select(SM) contract; thereafter, initial allocations to any new
12 month dollar cost averaging program time period must be at least $2,000 and
any subsequent contribution to that same time period must be at least $250. You
may only have one time period in effect at any time. We will transfer your value
in the EQ/Money Market option into the other variable investment options that
you select over the next 12 months or such other period we may offer. Once the
time period then in effect has run, you may then select to participate in the
dollar cost averaging program for an additional time period. At that time, you
may also select a different allocation for transfers to the variable investment
options, or, if you wish, we will continue to use the selection that you have
previously made.

Currently, the transfer date will be the same day of the month as the contract
date, but not later than the 28th. For a 12 month dollar cost averaging program
selected after application, the first transfer date and each subsequent
transfer date for the time period selected will be one month from the date the
first contribution is made into the 12 month dollar cost averaging program, but
not later than the 28th of the month. All amounts will be transferred out by
the end of the time period then in effect. Under this program we will not
deduct the mortality and expense risks, administrative, and distribution
charges from assets in the EQ/Money Market option.

30  CONTRACT FEATURES AND BENEFITS



You may not transfer amounts to the EQ/Money Market option established for this
program that are not part of the 12 month dollar cost averaging program. The
only amounts that should be transferred from the EQ/Money Market option are
your regularly scheduled transfers to the other variable investment options. If
you request to transfer or withdraw any other amounts from the EQ/Money Market
option, we will transfer all of the value that you have remaining in the
account for 12 month dollar cost averaging to the investment options according
to the allocation percentages we have on file for you. You may ask us to cancel
your participation at any time.

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

If you are participating in a Principal guarantee benefit, the general dollar
cost averaging program is not available.

If you elect the Guaranteed withdrawal benefit for life, general dollar cost
averaging is not available.

INVESTMENT SIMPLIFIER

FIXED-DOLLAR OPTION. Under this option you may elect to have a fixed-dollar
amount transferred out of the guaranteed interest option and into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. Transfers may be
made on a monthly, quarterly or annual basis. You can specify the number of
transfers or instruct us to continue to make transfers until all available
amounts in the guaranteed interest option have been transferred out.

In order to elect the fixed-dollar option, you must have a minimum of $5,000 in
the guaranteed interest option on the date we receive your election form at our
processing office. The transfer date will be the same calendar day of the month
as the contract date but not later than the 28th day of the month. The minimum
transfer amount is $50. The fixed-dollar option is subject to the guaranteed
interest option transfer limitations described under "Transferring your account
value" in "Transferring your money among investment options" later in this
Prospectus. While the program is running, any transfer that exceeds those
limitations will cause the program to end for that contract year. You will be
notified. You must send in a request form to resume the program in the next or
subsequent contract years.

If, on any transfer date your value in the guaranteed interest option is equal
to or less than the amount you have elected to have transferred, the entire
amount will be transferred, and the program will end. You may change the
transfer amount once each contract year or cancel this program at any time.

INTEREST SWEEP OPTION. Under this option, you may elect to have monthly
transfers from amounts in the guaranteed interest option into the variable
investment options of your choice. Only the AXA Allocation portfolios are
available if you elect the Guaranteed withdrawal benefit for life or the 100%
Principal guarantee benefit. Only the AXA Moderate Allocation portfolio is
available if you elect the 125% Principal guarantee benefit. The transfer date
will be the last business day of the month. The amount we will transfer will be
the interest credited to amounts you have in the guaranteed interest option
from the last business day of the prior month to the last business day of the
current month. You must have at least $7,500 in the guaranteed interest option
on the date we receive your election. We will automatically cancel the interest
sweep program if the amount in the guaranteed interest option is less than
$7,500 on the last day of the month for two months in a row. For the interest
sweep option, the first monthly transfer will occur on the last business day of
the month following the month that we receive your election form at our
processing office.

                      ----------------------------------

You may not participate in any dollar cost averaging program if you are
participating in the Option II rebalancing program. Under the Option I
rebalancing program you may participate in any of the dollar cost averaging
programs except 12 month and general dollar cost averaging. You may only
participate in one dollar cost averaging program at a time. See "Transferring
your money among investment options" later in this Prospectus. Also, for
information on how the dollar cost averaging program you select may affect
certain guaranteed benefits see "Guaranteed minimum death benefit and
Guaranteed minimum benefit base" immediately below.

We do not deduct a transfer charge for any transfer made in connection with our
dollar cost averaging and Investment Simplifier programs. Not all dollar cost
averaging programs are available in all states (see Appendix VI later in this
Prospectus for more information on state availability).


GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
Enhanced death benefits and benefit bases, see "Guaranteed withdrawal benefit
for life ("GWBL")" later in this section.


The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits as
described in this section. The benefit base for the Guaranteed minimum income
benefit and any enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.


                                              CONTRACT FEATURES AND BENEFITS  31



STANDARD DEATH BENEFIT. Your benefit base is equal to:

o    your initial contribution and any additional contributions to the contract;
     less

o    a deduction that reflects any withdrawals you make. The amount of the
     deduction is described under "How withdrawals affect your Guaranteed
     minimum income benefit, Guaranteed minimum death benefit and Principal
     guarantee benefits" in "Accessing your money" later in this Prospectus.


6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o    your initial contribution and any additional contributions to the contract;
     plus

o    daily roll-up; less

o    a deduction that reflects any withdrawals you make. The amount of the
     deduction is described under "How withdrawals affect your Guaranteed
     minimum income benefit, Guaranteed minimum death benefit and Principal
     guarantee benefits" in "Accessing your money" and the section entitled
     "Charges and expenses" later in this Prospectus.

The effective annual roll-up rate credited to this benefit base is:

o    6% with respect to the variable investment options (other than
     EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
     and EQ/Short Duration Bond) and monies allocated to the 12 month dollar
     cost averaging program; the effective annual rate may be 4% in some states.
     Please see Appendix VI later in this Prospectus to see what applies in your
     state; and

o    3% with respect to the EQ/AllianceBernstein Intermediate Government
     Securities, EQ/Money Market, and EQ/Short Duration Bond, the fixed maturity
     options, the guaranteed interest option and the loan reserve account under
     Rollover TSA (if applicable).


The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday. For
contracts with non-natural owners, the benefit base stops rolling up after the
contract date anniversary following the annuitant's 85th birthday.

ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT, AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your
benefit base is equal to the greater of either:


o    your initial contribution to the contract (plus any additional
     contributions),

                                       or


o    your highest account value on any contract date anniversary up to the
     contract date anniversary following the owner's (or older joint owner's, if
     applicable) 85th birthday, plus any contributions made since the most
     recent Annual Ratchet,


                                      less

o    a deduction that reflects any withdrawals you make. The amount of the
     deduction is described under "How withdrawals affect your Guaranteed
     minimum income benefit, Guaranteed minimum death benefit and Principal
     guarantee benefits" in "Accessing your money" later in this Prospectus.


For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's age.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is
equal to the greater of the benefit base computed for the 6% Roll-Up to age 85
or the benefit base computed for the Annual Ratchet to age 85, as described
immediately above, on each contract date anniversary.

In Washington a different roll-up rate applies to the Greater of 6% Roll-Up to
age 85 or Annual Ratchet to age 85 enhanced death benefit. See Appendix VI
later in this Prospectus.

GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET.  If both the Guaranteed minimum income benefit AND the
Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death
benefit (the "Greater of enhanced death benefit") are elected, you may reset
the Roll-Up benefit base for these guaranteed benefits to equal the account
value on any contract date anniversary until age 75. The reset amount would
equal the account value as of the contract date anniversary on which you reset
your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any reset
benefit base.


We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
until the next contract date anniversary. If after your death your spouse
continues this contract, the benefit base will be eligible to be reset on each
contract date anniversary, if applicable. The last age at which the benefit
base is eligible to be reset is owner (or older joint owner, if applicable) age
75. For contracts with non-natural owners, reset eligibility is based on the
annuitant's age.


It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit from the
date of the reset; you may not exercise until the tenth contract date
anniversary following the reset or, if later, the earliest date you would have
been permitted to exercise without regard to the reset. See "Exercise rules"
under "Guaranteed minimum income benefit" below for more information. Please
note that in almost all cases, resetting your Roll-Up benefit base will
lengthen the exercise waiting period. Also, even when there is no additional
charge when you reset your Roll-Up benefit base, the total dollar amount
charged on future contract date anniversaries may increase as a result of the
reset since the charges may be applied to a higher benefit base than would have
been otherwise applied. See "Charges and expenses" in the Prospectus.

If you are a traditional IRA or TSA contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required


32  CONTRACT FEATURES AND BENEFITS




minimum distributions with respect to this contract. If you must begin taking
lifetime required minimum distributions during the 10-year waiting period, you
may want to consider taking the annual lifetime required minimum distribution
calculated for this contract from another traditional IRA or TSA contract that
you maintain. If you withdraw the lifetime required minimum distribution from
this contract, and the required minimum distribution is more than 6% of the
reset benefit base, the withdrawal would cause a pro-rata reduction in the
benefit base. Alternatively, resetting the benefit base to a larger amount
would make it less likely that the required minimum distributions would exceed
the 6% threshold. See "Lifetime required minimum distribution withdrawals" and
"How withdrawals affect your Guaranteed minimum income benefit and Guaranteed
minimum death benefit" in "Accessing your money." Also, see "Required minimum
distributions" under "Individual retirement arrangements (IRAs)" and
"Tax-sheltered annuity contracts (TSAs)" in "Tax information" later in this
Prospectus.

The Roll-Up benefit base for both the "Greater of" enhanced death benefit and
the Guaranteed minimum income benefit are reset simultaneously when you request
a Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed in "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
in "Accessing your money" later in this Prospectus. Annuity purchase factors
are based on interest rates, mortality tables, frequency of payments, the form
of annuity benefit, and the owner's (and any joint owner's) age and sex in
certain instances. We may provide more favorable current annuity purchase
factors for the annuity payout options but we will always use the guaranteed
purchase factors to determine your periodic payments under the Guaranteed
minimum income benefit.

GUARANTEED MINIMUM INCOME BENEFIT OPTION

The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly
owned, the Guaranteed minimum income benefit will be calculated on the basis of
the older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.

If you are purchasing this contract as an Inherited IRA, or if you elect a
Principal guarantee benefit or the Guaranteed withdrawal benefit for life, the
Guaranteed minimum income benefit is not available. If the owner was older than
age 60 at the time an IRA or Rollover TSA contract was issued, the Guaranteed
minimum income benefit may not be an appropriate feature because the minimum
distributions required by tax law generally must begin before the Guaranteed
minimum income benefit can be exercised.

If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option, subject to state availability. You choose which
of these payout options you want and whether you want the option to be paid on
a single or joint life basis at the time you exercise your Guaranteed minimum
income benefit. The maximum period certain available under the life with a
period certain payout option is 10 years. This period may be shorter, depending
on the owner's age as follows:


            Level payments
- --------------------------------------
                     Period certain
                          years
                   -------------------
      Owner's
  age at exercise       IRAs        NQ
- --------------------------------------
  75 and younger      10         10
        76             9         10
        77             8         10
        78             7         10
        79             7         10
        80             7         10
        81             7         9
        82             7         8
        83             7         7
        84             6         6
        85             5         5
- --------------------------------------


We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
THE GUARANTEED MINIMUM INCOME BENEFIT SHOULD BE REGARDED AS A SAFETY NET ONLY.
- --------------------------------------------------------------------------------


When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i) your Guaranteed minimum
income benefit which is calculated by applying your Guaranteed minimum income
benefit base to guaranteed annuity purchase factors, or (ii) the income
provided by applying your account value to our then current annuity purchase
factors. For Rollover TSA only, we will subtract from the Guaranteed minimum
income benefit base or account value any outstanding loan, including interest
accrued but not paid. You may also elect to receive monthly or quarterly
payments as an alternative. The payments will be less than 1/12 or 1/4 of the
annual payments, respectively, due to the effect of interest compounding. The
benefit base is applied only to the guaranteed annuity purchase factors under
the Guaranteed minimum income


                                              CONTRACT FEATURES AND BENEFITS  33



benefit in your contract and not to any other guaranteed or current annuity
purchase rates. The amount of income you actually receive will be determined
when we receive your request to exercise the benefit.

When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit, you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. Therefore, even if your account value is less than your
benefit base, you may generate more income by applying your account value to
current annuity purchase factors. We will make this comparison for you when the
need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE".  In general, if your
account value falls to zero (except as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year or in the first contract year, all contributions received in the
first 90 days), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o    You will be issued a supplementary contract based on a single life with a
     maximum 10 year period certain. Payments will be made annually starting one
     year from the date the account value fell to zero.

o    You will have 30 days from when we notify you to change the payout option
     and/or the payment frequency.

Please note that we will not automatically exercise the Guaranteed minimum
income benefit, as described above, if you have a TSA contract and withdrawal
restrictions apply.

The no lapse guarantee will terminate under the following circumstances:

o    If your account value falls to zero due to a withdrawal that causes your
     total contract year withdrawals to exceed 6% of the Roll-Up benefit base
     (as of the beginning of the contract year);

o    If your aggregate withdrawals during any contract year exceed 6% of the
     Roll-Up benefit base (as of the beginning of the contract year or in the
     first contract year, all contributions received in the first 90 days);

o    Upon owner (or older joint owner, if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to
terminate even if a withdrawal causes your total contract year withdrawals to
exceed 6% of your Roll-Up benefit base.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT. Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions,
withdrawals or loans under Rollover TSA contracts, and assuming there were no
allocations to the EQ/AllianceBernstein Intermediate Government Securities,
EQ/Money Market, EQ/Short Duration Bond, the guaranteed interest option, the
fixed maturity options or the loan reserve account.


- --------------------------------------------------------------------------------
                              Guaranteed minimum income
      Contract date        benefit -- annual income pay-
 anniversary at exercise           able for life
- --------------------------------------------------------------------------------
            10                            $10,065
            15                            $15,266
- --------------------------------------------------------------------------------


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us,
along with all required information, within 30 days following your contract
date anniversary in order to exercise this benefit. Upon exercise of the
Guaranteed minimum income benefit, the owner will become the annuitant, and the
contract will be annuitized on the basis of the owner's life. You will begin
receiving annual payments one year after the annuity payout contract is issued.
If you choose monthly or quarterly payments, you will receive your payment one
month or one quarter after the annuity payout contract is issued. You may
choose to take a withdrawal prior to exercising the Guaranteed minimum income
benefit, which will reduce your payments. You may not partially exercise this
benefit. See "Accessing your money" under "Withdrawing your account value"
later in this Prospectus. Payments end with the last payment before the
annuitant's (or joint annuitant's, if applicable) death or, if later, then end
of the period certain (where the payout option chosen includes a period
certain).

EXERCISE RULES. Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner's, if applicable) age as follows:

o    If you were at least age 20 and no older than age 44 when the contract was
     issued, you are eligible to exercise the Guaranteed minimum income benefit
     within 30 days following each contract date anniversary beginning with the
     15th contract date anniversary.

o    If you were at least age 45 and no older than age 49 when the contract was
     issued, you are eligible to exercise the Guaranteed minimum income benefit
     within 30 days following each contract date anniversary after age 60.

o    If you were at least age 50 and no older than age 75 when the contract was
     issued, you are eligible to exercise the Guaranteed minimum income benefit
     within 30 days following each contract date anniversary beginning with the
     10th contract date anniversary.

Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit is
      within 30 days following the contract date anniversary following your 85th
      birthday;

34  CONTRACT FEATURES AND BENEFITS



(ii)  if you were age 75 when the contract was issued or the Roll-Up benefit
      base was reset, the only time you may exercise the Guaranteed minimum
      income benefit is within 30 days following the contract date anniversary
      following your attainment of age 85;

(iii) for Accumulator(R) Select(SM) Rollover TSA contracts, you may exercise the
      Guaranteed minimum income benefit only if you effect a rollover of the TSA
      contract to an Accumulator(R) Select(SM) Rollover IRA. This may only occur
      when you are eligible for a distribution from the TSA. This process must
      be completed within the 30-day timeframe following the contract date
      anniversary in order for you to be eligible to exercise;

(iv)  if you reset the Roll-Up benefit base (as described earlier in this
      section), your new exercise date will be the tenth contract date
      anniversary following the reset or, if later, the earliest date you would
      have been permitted to exercise without regard to the reset. Please note
      that in almost all cases, resetting your Roll-Up benefit base will
      lengthen the waiting period;

(v)   a spouse beneficiary or younger spouse joint owner under Spousal
      continuation may only continue the Guaranteed minimum income benefit if
      the contract is not past the last date on which the original owner could
      have exercised the benefit. In addition, the spouse beneficiary or younger
      spouse joint owner must be eligible to continue the benefit and to
      exercise the benefit under the applicable exercise rule (described in the
      above bullets) using the following additional rules. The spouse
      beneficiary or younger spouse joint owner's age on the date of the owner's
      death replaces the owner's age at issue for purposes of determining the
      availability of the benefit and which of the exercise rules applies. The
      original contract issue date will continue to apply for purposes of the
      exercise rules.

(vi)  if the contract is jointly owned, you can elect to have the Guaranteed
      minimum income benefit paid either: (a) as a joint life benefit or (b) as
      a single life benefit paid on the older owner's age; and

(vii) if the contract is owned by a trust or other non-natural person,
      eligibility to elect or exercise the Guaranteed minimum income benefit is
      based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal guarantee benefits" in
"Accessing your money" and the section entitled "Charges and expenses" later in
this Prospectus for more information on these guaranteed benefits.

GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value (without adjustment for any otherwise applicable negative market
value adjustment) as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions adjusted for any withdrawals. The standard death benefit is the
only death benefit available for owners (or older joint owners, if applicable)
ages 76 through 85 at issue. Once your contract is issued, you may not change
or voluntarily terminate your death benefit.


If you elect one of the enhanced death benefits, (not including the GWBL
Enhanced death benefit) the death benefit is equal to your account value
(without adjustment for any otherwise applicable negative market value
adjustment) as of the date we receive satisfactory proof of the owner's (or
older joint owner's, if applicable) death, any required instructions for the
method of payment, information and forms necessary to effect payment, OR your
elected enhanced death benefit on the date of the owner's (or older joint
owner's, if applicable) death adjusted for any subsequent withdrawals,
whichever provides the higher amount. See "Payment of death benefit" later in
this Prospectus for more information.

Any of enhanced death benefits or the standard death benefit can be elected by
themselves or with the Guaranteed minimum income benefit.

If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, any enhanced
death benefit elected will be replaced with the standard death benefit. For
contracts with non-natural owners, the death benefit will be payable upon the
death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

OPTIONAL ENHANCED DEATH BENEFITS APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH CONVERSION IRA AND ROLLOVER TSA CONTRACTS; AND 0 THROUGH
70 AT ISSUE OF INHERITED IRA CONTRACTS. FOR CONTRACTS WITH NON-NATURAL OWNERS,
THE AVAILABLE DEATH BENEFITS ARE BASED ON THE ANNUITANT'S AGE.

Subject to state availability, you may elect one of the following enhanced
death benefits (see Appendix VI later in this Prospectus for state availability
of these benefits):


o Annual Ratchet to age 85.

o The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit,
Guaranteed minimum death benefit and Principal

                                              CONTRACT FEATURES AND BENEFITS  35



guarantee benefits" in "Accessing your money" later in this Prospectus for more
information on these guaranteed benefits.

See Appendix III later in this Prospectus for an example of how we calculate an
enhanced death benefit.

EARNINGS ENHANCEMENT BENEFIT


Subject to state and contract availability (see Appendix VI later in this
Prospectus for state availability of these benefits), if you are purchasing a
contract under which the Earnings enhancement benefit is available, you may
elect the Earnings enhancement benefit at the time you purchase your contract.
The Earnings enhancement benefit provides an additional death benefit as
described below. See the appropriate part of "Tax information" later in this
Prospectus for the potential tax consequences of electing to purchase the
Earnings enhancement benefit in an NQ, IRA or Rollover TSA contract. Once you
purchase the Earnings enhancement benefit , you may not voluntarily terminate
this feature. If you elect the Guaranteed withdrawal benefit for life, the
Earnings enhancement benefit is not available.


If you elect the Earnings enhancement benefit option described below and change
ownership of the contract, generally this benefit will automatically terminate,
except under certain circumstances. See "Transfers of ownership, collateral
assignments, loans and borrowing" in "More information," later in this
Prospectus for more information.

If the owner (or older joint owner, if applicable) is 70 or younger when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is 70 or younger when he or she becomes the successor owner and the Earnings
enhancement benefit had been elected at issue), the additional death benefit
will be 40% of:

the greater of:

o the account value or

o any applicable death benefit

decreased by:

o total net contributions


For purposes of calculating your Earnings enhancement benefit, the following
applies: (i) "Net contributions" are the total contributions made (or, if
applicable, the total amount that would otherwise have been paid as a death
benefit had the spouse beneficiary or younger spouse joint owner not continued
the contract plus any subsequent contributions) adjusted for each withdrawal
that exceeds your Earnings enhancement benefit earnings. "Net contributions"
are reduced by the amount of that excess. Earnings enhancement benefit earnings
are equal to (a) minus (b) where (a) is the greater of the account value and
the death benefit immediately prior to the withdrawal, and (b) is the net
contributions as adjusted by any prior withdrawals; and (ii) "Death benefit" is
equal to the greater of the account value as of the date we receive
satisfactory proof of death or any applicable Guaranteed minimum death benefit
as of the date of death.


If the owner (or older joint owner, if applicable) is age 71 through 75 when we
issue your contract (or if the spouse beneficiary or younger spouse joint owner
is between the ages of 71 and 75 when he or she becomes the successor owner and
the Earnings enhancement benefit had been elected at issue), the additional
death benefit will be 25% of:

the greater of:

o the account value or

o any applicable death benefit

decreased by:

o total net contributions

The value of the Earnings enhancement benefit is frozen on the first contract
date anniversary after the owner (or older joint owner, if applicable) turns
age 80, except that the benefit will be reduced for withdrawals on a pro rata
basis. Reduction on a pro rata basis means that we calculate the percentage of
the current account value that is being withdrawn and we reduce the benefit by
that percentage. For example, if the account value is $30,000 and you withdraw
$12,000, you have withdrawn 40% of your account value. If the benefit is
$40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 x .40)
and the benefit after the withdrawal would be $24,000 ($40,000 - $16,000).

For contracts with non-natural owners, your eligibility to elect the Earnings
enhancement benefit will be based on the annuitant's age.

For an example of how the Earnings enhancement death benefit is calculated,
please see Appendix V.

For contracts continued under Spousal continuation, upon the death of the
spouse (or older spouse, in the case of jointly owned contracts), the account
value will be increased by the value of the Earnings enhancement benefit as of
the date we receive due proof of death. The benefit will then be based on the
age of the surviving spouse as of the date of the deceased spouse's death for
the remainder of the contract. If the surviving spouse is age 76 or older, the
benefit will terminate and the charge will no longer be in effect. The spouse
may also take the death benefit (increased by the Earnings enhancement benefit)
in a lump sum. See "Spousal continuation" in "Payment of death benefit" later
in this Prospectus for more information.

The Earnings enhancement benefit must be elected when the contract is first
issued: neither the owner nor the successor owner can add it subsequently. Ask
your financial professional or see Appendix VI later in this Prospectus to see
if this feature is available in your state

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")


For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit, the Earnings enhancement benefit or one of our
Principal guarantee benefits, described later in this Prospectus. You may elect
one of our automated payment plans or you may take partial withdrawals. All
withdrawals reduce your account value and Guaranteed minimum death benefit. See
"Accessing your money" later in this Prospectus. Your investment options will
be limited to the guaranteed interest


36  CONTRACT FEATURES AND BENEFITS




option and the permitted variable investment options. Also, the 12 month dollar
cost averaging program is not available if you elect GWBL.


You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).

For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.

For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no longer married, you may
either: (i) drop the joint annuitant or (ii) replace the original joint
annuitant with the annuitant's new spouse. This can only be done before the
first withdrawal. After the first withdrawal, the joint annuitant may be
dropped but cannot be replaced. If the joint annuitant is dropped after
withdrawals begin, the charge continues based on a Joint life basis. Joint
annuitants are not permitted under any other contracts.

Joint life TSA contracts are not permitted. This benefit is not available under
an Inherited IRA contract.

The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o     You plan to take withdrawals in excess of your Guaranteed annual
      withdrawal amount because those withdrawals may significantly reduce or
      eliminate the value of the benefit (see "Effect of Excess withdrawals"
      below in this section);

o     You are interested in long term accumulation rather than taking
      withdrawals;

o     You are using the contract to fund a Rollover TSA contract where
      withdrawal restrictions will apply; or.

o     You plan to use it for withdrawals prior to age 59-1/2, as the taxable
      amount of the withdrawal will be includible in income and subject to an
      additional 10% federal income tax penalty, as discussed later in this
      Prospectus.

For traditional IRAs and TSA contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.

GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:


o     Your GWBL benefit base increases by any subsequent contributions.


o     Your GWBL benefit base may be increased on each contract date anniversary,
      as described below under "Annual ratchet" and "5% deferral bonus."

o     Your GWBL benefit base is not reduced by withdrawals except those
      withdrawals that cause total withdrawals in a contract year to exceed your
      Guaranteed annual withdrawal amount ("Excess withdrawal"). See "Effect of
      Excess withdrawals" below in this section.

GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. For contracts held by non-natural owners, the initial Applicable
percentage is based on the annuitant's age or the younger annuitant's age, if
applicable, at the time of the first withdrawal. If your GWBL benefit base
ratchets, as described below in this section under "Annual ratchet," on any
contract date anniversary after you begin taking withdrawals, your Applicable
percentage may increase based on your attained age at the time of the ratchet.
The Applicable percentages are as follows:


- --------------------------------------------------
Age            Applicable percentage
- --------------------------------------------------
45-64          4.0%
65-74          5.0%
75-84          6.0%
85 and older   7.0%

- --------------------------------------------------

We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.


Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.


EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to

                                              CONTRACT FEATURES AND BENEFITS  37



exceed your Guaranteed annual withdrawal amount, the entire amount of that
withdrawal and each subsequent withdrawal in that contract year are considered
Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount. If you make an
Excess withdrawal, we will recalculate your GWBL benefit base and the
Guaranteed annual withdrawal amount, as follows:

     o     The GWBL benefit base is reset as of the date of the Excess
           withdrawal to equal the lesser of: (i) the GWBL benefit base
           immediately prior to the Excess withdrawal and (ii) the account
           value immediately following the Excess withdrawal.

     o     The Guaranteed annual withdrawal amount is recalculated
           to equal the Applicable percentage multiplied by the reset GWBL
           benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your
account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your GWBL benefit base is $100,000 and your account value
is $80,000 when you decide to begin taking withdrawals at age 65. Your
Guaranteed annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You
take an initial withdrawal of $8,000. Since your GWBL benefit base is
immediately reset to equal the lesser of your GWBL benefit base prior to the
Excess withdrawal ($100,000) and your account value immediately following the
Excess withdrawal ($80,000 minus $8,000), your GWBL benefit base is now
$72,000. In addition, your Guaranteed annual withdrawal amount is reduced to
$3,600 (5.0% of $72,000), instead of the original $5,000. See "How withdrawals
affect your GWBL and GWBL Guaranteed minimum death benefit" in "Accessing your
money" later in this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.
Loans are not available under Rollover TSA contracts if GWBL is elected.


ANNUAL RATCHET

Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal amount will also be increased,
if applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.


5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12 months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.

SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.

GWBL GUARANTEED MINIMUM DEATH BENEFIT

There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-85, and (ii) the GWBL Enhanced death
benefit, which is available for an additional charge for owner issue ages
45-75. Please see Appendix VI later in this Prospectus to see if these
guaranteed death benefits are available in your state.

The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to

38  CONTRACT FEATURES AND BENEFITS



your initial contribution and any additional contributions less a deduction
that reflects any withdrawals you make (see "How withdrawals affect your GWBL
and GWBL Guaranteed minimum death benefit" in "Accessing your money" later in
this Prospectus).

The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:


o     Your GWBL Enhanced death benefit base increases by any subsequent
      contribution;


o     Your GWBL Enhanced death benefit base increases to equal your account
      value if your GWBL benefit base is ratcheted, as described above in this
      section;

o     Your GWBL Enhanced death benefit base increases by any 5% deferral bonus,
      as described above in this section;

o     Your GWBL Enhanced death benefit base decreases by an amount which
      reflects any withdrawals you make

See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death
benefit" in "Accessing your money" later in this Prospectus.


The death benefit is equal to your account value (without adjustment for any
otherwise applicable market value adjustment) as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death (adjusted for
any subsequent withdrawals), whichever provides a higher amount.


EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO

If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.

However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o     Your Accumulator(R) Select(SM) contract terminates and you will receive a
      supplementary life annuity contract setting forth your continuing
      benefits. The owner of the Accumulator(R) Select(SM) contract will be the
      owner and annuitant. The successor owner, if applicable, will be the joint
      annuitant. If the owner is non-natural, the annuitant and joint annuitant,
      if applicable, will be the same as under your Accumulator(R) Select(SM)
      contract.

o     No subsequent contributions will be permitted.

o     If you were taking withdrawals through the "Maximum payment plan," we will
      continue the scheduled withdrawal payments on the same basis.


o     If you were taking withdrawals through the "Customized payment plan" or in
      unscheduled partial withdrawals, we will pay the balance of the Guaranteed
      annual withdrawal amount for that contract year in a lump sum. Payment of
      the Guaranteed annual withdrawal amount will begin on the next contract
      date anniversary.


o     Payments will continue at the same frequency for Single or Joint life
      contracts, as applicable, or annually if automatic payments were not being
      made.

o     Any guaranteed minimum death benefit remaining under the original contract
      will be carried over to the supplementary life annuity contract. The death
      benefit will no longer grow and will be reduced on a dollar for dollar
      basis as payments are made. If there is any remaining death benefit upon
      the death of the owner and successor owner, if applicable, we will pay it
      to the beneficiary.

o     The charge for the Guaranteed withdrawal benefit for life and the GWBL
      Enhanced death benefit will no longer apply.

o     If at the time of your death the Guaranteed annual withdrawal amount was
      being paid to you as a supplementary life annuity contract, your
      beneficiary may not elect the Beneficiary continuation option.

OTHER IMPORTANT CONSIDERATIONS


o     This benefit is not appropriate if you do not intend to take withdrawals
      prior to annuitization.

o     Excess withdrawals can significantly reduce or completely eliminate the
      value of the GWBL and GWBL Enhanced death benefit. See "Effect of Excess
      withdrawals" above in this section and "How withdrawals affect your GWBL
      and GWBL Guaranteed minimum death benefit" in "Accessing your money" later
      in this Prospectus.


o     Withdrawals are not considered annuity payments for tax purposes, and may
      be subject to an additional 10% Federal income tax penalty before age
      59-1/2. See "Tax information" later in this Prospectus.

o     All withdrawals reduce your account value and Guaranteed minimum death
      benefit. See "How withdrawals are taken from your account value" and "How
      withdrawals affect your Guaranteed minimum death benefit" in "Accessing
      your money" later in this Prospectus.

o     If you withdraw less than the Guaranteed annual withdrawal amount in any
      contract year, you may not add the remainder to your Guaranteed annual
      withdrawal amount in any subsequent year.

o     The GWBL benefit terminates if the contract is continued under the
      beneficiary continuation option or under the Spousal continuation feature
      if the spouse is not the successor owner.

o     If you surrender your contract to receive its cash value and your cash
      value is greater than your Guaranteed annual withdrawal amount, all
      benefits under the contract will terminate, including the GWBL benefit.


o     If you transfer ownership of this contract, you terminate the GWBL
      benefit. See "Transfers of ownership, collateral assignments, loans and
      borrowing" in "More information" later in this Prospectus for more
      information.


                                              CONTRACT FEATURES AND BENEFITS  39



o     Withdrawals are available under other annuity contracts we offer and this
      contract without purchasing a withdrawal benefit.

o     For IRA and TSA contracts, if you have to take a required minimum
      distribution ("RMD") and it is your first withdrawal under the contract,
      the RMD will be considered your "first withdrawal" for the purposes of
      establishing your GWBL Applicable percentage.


o     If you elect GWBL on a Joint life basis and subsequently get divorced,
      your divorce will not automatically terminate the contract. For both Joint
      life and Single life contracts, it is possible that the terms of your
      divorce decree could significantly reduce or completely eliminate the
      value of this benefit.


PRINCIPAL GUARANTEE BENEFITS

We offer two 10-year Principal guarantee benefits at an additional charge: the
100% Principal guarantee benefit and the 125% Principal guarantee benefit. You
may only elect one Principal guarantee benefit ("PGB").

100% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 100%
Principal guarantee benefit is equal to your initial contribution and
additional permitted contributions, adjusted for withdrawals.


Under the 100% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option and the permitted variable investment
options.


125% PRINCIPAL GUARANTEE BENEFIT. The guaranteed amount under the 125%
Principal guarantee benefit is equal to 125% of your initial contribution and
additional permitted contributions, adjusted for withdrawals.

Under the 125% Principal guarantee benefit, your investment options are limited
to the guaranteed interest option and the AXA Moderate Allocation portfolio.

Under both Principal guarantee benefits, if, on the 10th contract date
anniversary (or later if you've exercised a reset as explained below) ("benefit
maturity date"), your account value is less than the guaranteed amount, we will
increase your account value to equal the applicable guaranteed amount. Any such
additional amounts added to your account value will be allocated pursuant to
the allocation instructions for additional contributions we have on file. After
the benefit maturity date, the guarantee will terminate.

You have the option to reset (within 30 days following each applicable contract
date anniversary) the guaranteed amount to the account value or 125% of the
account value, as applicable, as of your fifth and later contract date
anniversaries. If you exercise this option, you are eligible for another reset
on each fifth and later contract date anniversary after the last reset up to
the contract date anniversary following an owner's 85th birthday. If you elect
to reset the guaranteed amount, your benefit maturity date will be extended to
be the 10th contract date anniversary after the anniversary on which you reset
the guaranteed amount. This extension applies each time you reset the
guaranteed amount.


Neither PGB is available under Inherited IRA contracts. If you elect either
PGB, you may not elect the Guaranteed minimum income benefit, the Guaranteed
withdrawal benefit for life, the systematic withdrawals option or the
substantially equal withdrawals options. Also, the 12 month dollar cost
averaging program is not available if you elect one of the PGB options. If you
purchase a PGB, you may not make additional contributions to your contract
after six months from the contract issue date.


If you are planning to take required minimum distributions from this contract,
this benefit may not be appropriate. See "Tax information" later in this
Prospectus. If you elect a PGB and change ownership of the contract, your PGB
will automatically terminate, except under certain circumstances. See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information," later in this Prospectus for more information.

Once you purchase a PGB, you may not voluntarily terminate this benefit. Your
PGB will terminate if the contract terminates before the benefit maturity date,
as defined below. If you die before the benefit maturity date and the contract
continues, we will continue the PGB only if the contract can continue through
the benefit maturity date. If the contract cannot so continue, we will
terminate your PGB and the charge. See "Non-spousal joint owner contract
continuation" in "Payment of death benefit" later in this Prospectus. The PGB
will terminate upon the exercise of the beneficiary continuation option. See
"Payment of death benefit" later in this Prospectus for more information about
the continuation of the contract after the death of the owner and/or the
annuitant.

There is a charge for the Principal guarantee benefits (see "Charges and
expenses" later in this Prospectus). You should note that the purchase of a PGB
is not appropriate if you want to make additional contributions to your
contract beyond the first six months after your contract is issued.

The purchase of a PGB is also not appropriate if you plan on terminating your
contract before the benefit maturity date. The purchase of a PGB may not be
appropriate if you plan on taking withdrawals from your contract before the
benefit maturity date. Withdrawals from your contract before the benefit
maturity date reduce the guaranteed amount under a PGB on a pro rata basis. You
should also note that if you intend to allocate a large percentage of your
contributions to the guaranteed interest option, the purchase of a PGB may not
be appropriate because of the guarantees already provided by this option at no
additional charge. Please note that loans (applicable to TSA contracts only)
are not permitted under either PGB.

INHERITED IRA BENEFICIARY CONTINUATION CONTRACT

This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to
the beneficiary after the deceased owner's death. See the discussion of
required minimum distributions under "Tax information." This contract is
intended only for beneficiaries who want to take payments at least

40  CONTRACT FEATURES AND BENEFITS




annually over their life expectancy. These payments generally must begin (or
must have begun) no later than December 31 of the calendar year following the
year the deceased owner died. This contract is not suitable for beneficiaries
electing the "5-year rule." See "Beneficiary continuation option for IRA and
Roth IRA contracts" under "Beneficiary continuation option" in "Payment of
death benefit" later in this Prospectus. You should discuss with your tax
adviser your own personal situation. This contract may not be available in all
states. Please speak with your financial professional for further information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant": references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."

The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. (Certain trusts with
only individual beneficiaries will be treated as individuals for this purpose).
The contract must also contain the name of the deceased owner. In this
discussion, "you" refers to the owner of the inherited IRA beneficiary
continuation contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

o     You must receive payments at least annually (but can elect to receive
      payments monthly or quarterly). Payments are generally made over your life
      expectancy determined in the calendar year after the deceased owner's
      death and determined on a term certain basis.

o     You must receive payments from this contract even if you are receiving
      payments from another IRA of the deceased owner in an amount that would
      otherwise satisfy the amount required to be distributed from this
      contract.

o     The beneficiary of the original IRA will be the annuitant under the
      inherited IRA beneficiary continuation contract. In the case where the
      beneficiary is a "See Through Trust," the oldest beneficiary of the trust
      will be the annuitant.

o     An inherited IRA beneficiary continuation contract is not available for
      owners over age 70.

o     The initial contribution must be a direct transfer from the deceased
      owner's original IRA and is subject to minimum contribution amounts. See
      "How you can purchase and contribute to your contract" earlier in this
      section.


o     Subsequent contributions of at least $1,000 are permitted but must be
      direct transfers of your interest as a beneficiary from another IRA with a
      financial institution other than AXA Equitable, where the deceased owner
      is the same as under the original IRA contract. A non-spousal beneficiary
      under an Applicable Plan cannot make subsequent contributions to an
      Inherited traditional IRA contract.


o     You may make transfers among the investment options.

o     You may choose at any time to withdraw all or a portion of the account
      value. Any partial withdrawal must be at least $300.

o     The Guaranteed minimum income benefit, Spousal continuation, 12-month
      dollar cost averaging program, automatic investment program, Principal
      guarantee benefits, the Guaranteed withdrawal benefit for life and
      systematic withdrawals are not available under the Inherited IRA
      beneficiary continuation contract.

o     If you die, we will pay to a beneficiary that you choose the greater of
      the account value or the applicable death benefit.

o     Upon your death, your beneficiary has the option to continue taking
      required minimum distributions based on your remaining life expectancy or
      to receive any remaining interest in the contract in a single sum. The
      option elected will be processed when we receive satisfactory proof of
      death, any required instructions for the method of payment and any
      required information and forms necessary to effect payment. If your
      beneficiary elects to continue to take distributions, we will increase the
      account value to equal the applicable death benefit if such death benefit
      is greater than such account value as of the date we receive satisfactory
      proof of death and any required instructions, information and forms. If
      you had elected any enhanced death benefits, they will no longer be in
      effect and charges for such benefits will stop. The Guaranteed minimum
      death benefit will also no longer be in effect.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix VI to find out what
applies in your state.


Generally, your refund will be the same as any other surrender and you will
receive your account value (less loan reserve account under Rollover TSA
contracts) under the contract on the day we receive notification of your
decision to cancel the contract, which will reflect (i)


                                              CONTRACT FEATURES AND BENEFITS  41



any investment gain or loss in the variable investment options (less the daily
charges we deduct), (ii) any guaranteed interest in the guaranteed interest
option, and (iii) any positive or negative market value adjustments in the
fixed maturity options through the date we receive your contract. Some states,
however, require that we refund the full amount of your contribution (not
reflecting (i), (ii) or (iii) above). For any IRA contract returned to us
within seven days after you receive it, we are required to refund the full
amount of your contribution.

We may require that you wait six months before you may apply for a contract
with us again if:

o     you cancel your contract during the free look period; or

o     you change your mind before you receive your contract whether we have
      received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth Conversion IRA contract, you may
cancel your Roth Conversion IRA contract and return to a Rollover IRA contract.
Our processing office, or your financial professional, can provide you with the
cancellation instructions.

42  CONTRACT FEATURES AND BENEFITS



2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in: (i) the variable
investment options; (ii) the guaranteed interest option; (iii) market adjusted
amounts in the fixed maturity options; and (iv) the loan reserve account
(applicable to TSA contracts only).

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge, as well
as optional benefit charges; and (ii) the amount of any outstanding loan plus
accrued interest (applicable to TSA contracts only). Please see "Surrendering
your contract to receive its cash value" in "Accessing your money" later in
this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option, less daily charges for:

(i)   mortality and expense;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  increased to reflect additional contributions;

(iii) decreased to reflect a withdrawal;

(iv)  increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option; or

(v)   increased or decreased to reflect a transfer of your loan amount from or
      to the loan reserve account under a TSA contract.

In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit, Principal guarantee benefits, Guaranteed withdrawal benefit for
life and/or Earnings enhancement benefit charges, the number of units credited
to your contract will be reduced. Your units are also reduced when we deduct
the annual administrative charge. A description of how unit values are
calculated is found in the SAI.

YOUR CONTRACT'S VALUE IN THE GUARANTEED
INTEREST OPTION

Your value in the guaranteed interest option at any time will equal: your
contributions and transfers to that option, plus interest, minus withdrawals
out of the option, and charges we deduct.

YOUR CONTRACT'S VALUE IN THE FIXED MATURITY OPTIONS

Your value in each fixed maturity option at any time before the maturity date
is the market adjusted amount in each option, which reflects withdrawals out of
the option and charges we deduct. This is equivalent to your fixed maturity
amount increased or decreased by the market value adjustment. Your value,
therefore, may be higher or lower than your contributions (less withdrawals)
accumulated at the rate to maturity. At the maturity date, your value in the
fixed maturity option will equal its maturity value, provided there have been
no withdrawals or transfers.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.

See Appendix VI later in this Prospectus for any state variations with regard
to terminating your contract.

GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.

PRINCIPAL GUARANTEE BENEFITS. If you take no withdrawals, and your account
value is insufficient to pay charges, we will not terminate your contract if
you are participating in a PGB. Your contract will remain in force and we will
pay your guaranteed amount at the benefit maturity date.

GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to a GWBL Excess
withdrawal, we will terminate your contract and you will receive no payment or
supplementary life annuity contract, even if your GWBL benefit base is greater
than zero. If, however, your account

                                           DETERMINING YOUR CONTRACT'S VALUE  43



value falls to zero, either due to a withdrawal or surrender that is not a GWBL
Excess withdrawal or due to a deduction of charges, the benefit will still have
value. See "Contract features and benefits" earlier in this Prospectus.

44  DETERMINING YOUR CONTRACT'S VALUE



3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE

At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the investment options, subject to the
following:


o  You may not transfer to a fixed maturity option that has a rate to maturity
   of 3%.


o  You may not transfer any amount to the 12-month dollar cost averaging
   program.


o  If an owner or annuitant is age 76-80, you must limit your transfers to fixed
   maturity options with maturities of seven years or less. If an owner or
   annuitant is age 81 or older, you must limit your transfers to fixed maturity
   options of five years or less. Also, the maturity dates may be no later than
   the date annuity payments are to begin.


o  If you make transfers out of a fixed maturity option other than at its
   maturity date, the transfer may cause a market value adjustment.

o  A transfer into the guaranteed interest option will not be permitted if such
   transfer would result in more than 25% of the account value being allocated
   to the guaranteed interest option, based on the account value as of the
   previous business day.

In addition, we reserve the right to restrict transfers among variable
investment options including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

The maximum amount that may be transferred from the guaranteed interest option
to any investment option (including amounts transferred pursuant to the
fixed-dollar option and interest sweep option dollar cost averaging programs
described under "Allocating your contributions" in "Contract features and
benefits" earlier in this Prospectus) in any contract year is the greatest of:

(a)   25% of the amount you have in the guaranteed interest option on the last
      day of the prior contract year; or

(b)   the total of all amounts transferred at your request from the guaranteed
      interest option to any of the Investment options in the prior contract
      year; or

(c)   25% of amounts transferred or allocated to the guaranteed interest option
      during the current contract year.

From time to time, we may remove the restrictions regarding transferring
amounts out of the guaranteed interest option. If we do so, we will tell you.
We will also tell you at least 45 days in advance of the day that we intend to
reimpose the transfer restrictions. When we reimpose the transfer restrictions,
if any dollar cost averaging transfer out of the guaranteed interest option
causes a violation of the 25% outbound restriction, that dollar cost averaging
program will be terminated for the current contract year. A new dollar cost
averaging program can be started in the next or subsequent contract years.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)   the contract number,

(2)   the dollar amounts or percentages of your current account value to be
      transferred, and

(3)   the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contracts features and benefits"
for more information about your role in managing your allocations.


DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies,

                            TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS  45



which could result in pricing inefficiencies. Please see the prospectuses for
the underlying portfolios for more information on how portfolio shares are
priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "affiliated trusts"), as well as
investment options with underlying portfolios of outside trusts with which AXA
Equitable has entered participation agreements (the "unaffiliated trusts" and,
collectively with the affiliated trusts, the "trusts"). The affiliated trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
affiliated trusts currently consider transfers into and out of (or vice versa)
the same variable investment option within a five business day period as
potentially disruptive transfer activity. Each unaffiliated trust may have its
own policies and procedures regarding disruptive transfer activity. If an
unaffiliated trust advises us that there may be disruptive activity from one of
our contract owners, we will work with the unaffiliated trust to review
contract owner trading activity. In most cases, each trust reserves the right
to reject a transfer that it believes, in its sole discretion, is disruptive
(or potentially disruptive) to the management of one of its portfolios. Please
see the prospectuses for the trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, no trust available under the contract had implemented such a fee.
If a redemption fee is implemented by a trust, that fee, like any other trust
fee, will be borne by the contract owner.


Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE

We currently offer two rebalancing programs that you can use to automatically
reallocate your account value among your investment options. Option I allows
you to rebalance your account value among the variable investment options.
Option II allows you to rebalance among the variable investment options and the
guaranteed interest option. Under both options, rebalancing is not available
for amounts you have allocated to the fixed maturity options.


In order to participate in one of our rebalancing programs, you must tell us:


(a)   the percentage you want invested in each investment option (whole
      percentages only), and

(b)   how often you want the rebalancing to occur (quarterly, semi-annually, or
      annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

You may elect a rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.

- --------------------------------------------------------------------------------
REBALANCING DOES NOT ASSURE A PROFIT OR PROTECT AGAINST LOSS. YOU SHOULD
PERIODICALLY REVIEW YOUR ALLOCATION PERCENTAGES AS YOUR NEEDS CHANGE. YOU MAY
WANT TO DISCUSS THE REBALANCING PROGRAM WITH YOUR FINANCIAL PROFESSIONAL BEFORE
ELECTING THE PROGRAM.
- --------------------------------------------------------------------------------
While your rebalancing program is in effect, we will transfer amounts among the
investment options so that the percentage of your account value that you
specify is invested in each option at the end of each rebalancing date.

If you select Option II, you will be subject to our rules regarding transfers
from the guaranteed interest option to the variable investment options. These
rules are described in "Transferring your account value"

46  TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS



earlier in this section. Under Option II, a transfer into or out of the
guaranteed interest option to initiate the rebalancing program will not be
permitted if such transfer would violate these rules. If this occurs, the
rebalancing program will not go into effect.


You may not elect Option II if you are participating in any dollar cost
averaging program.


If you elect a benefit that limits your variable investment options, those
limitations will also apply to the rebalancing programs.

                            TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS  47



4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.

Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit, Guaranteed minimum death benefit and Principal guarantee
benefits" and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
death benefit" below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.


- --------------------------------------------------------------------------------
                                   Method of withdrawal
                           -----------------------------------------------------
                                                 Pre-age        Lifetime
                                                 59-1/2         required
                                             Substantially     minimum
       Contract      Partial    Systematic       equal       distribution
- --------------------------------------------------------------------------------
NQ                 Yes          Yes           No              No
- --------------------------------------------------------------------------------
Rollover IRA       Yes          Yes           Yes             Yes
- --------------------------------------------------------------------------------
Roth Conversion    Yes          Yes           Yes             No
IRA
- --------------------------------------------------------------------------------
Rollover TSA*      Yes          Yes           No              Yes
- --------------------------------------------------------------------------------
Inherited IRA      Yes           No           No              **
- --------------------------------------------------------------------------------


*     For some Rollover TSA contracts, your ability to take withdrawals, loans
      or surrender your contract may be limited. You must provide withdrawal
      restriction information when you apply for a contract. See "Tax Sheltered
      Annuity contracts (TSAs)" in "Tax information" later in this Prospectus.

**    This contract pays out post-death required minimum distributions. See
      "Inherited beneficiary contract" in "Contract, features and benefits"
      earlier in this Prospectus.

AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.


MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.


If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.

CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with any Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.

PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. (Rollover
TSA contracts may have restrictions.) The minimum amount you may withdraw is
$300.

Under Rollover TSA contracts, if a loan is outstanding, you may only take
partial withdrawals as long as the cash value remaining after any withdrawal
equals at least 10% of the outstanding loan plus accrued interest.

Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.


SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRAs)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value. (Rollover TSA contracts may have
restrictions).

48  ACCESSING YOUR MONEY



You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each systematic withdrawal is $250. If the amount withdrawn would
be less than $250 on the date a withdrawal is to be taken, we will not make a
payment and we will terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.


You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time. Systematic withdrawals are not available if you have elected a Principal
guarantee benefit or the Guaranteed withdrawal benefit for life.


SUBSTANTIALLY EQUAL WITHDRAWALS
(All Rollover IRA and Roth Conversion IRA contracts)


We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. Once you begin to take substantially
equal withdrawals, you should not stop them or change the pattern of your
withdrawals until after the later of age 59-1/2 or five full years after the
first withdrawal. If you stop or change the withdrawals or take a partial
withdrawal, you may be liable for the 10% federal tax penalty that would have
otherwise been due on prior withdrawals made under this option and for any
interest on the delayed payment of the penalty.


In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.


You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.


The substantially equal withdrawal program is not available if you have elected
a Principal guarantee benefit or the Guaranteed withdrawal benefit for life.

LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA and Rollover TSA contracts only -- See "Tax information" later in
this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. Before electing this
account based withdrawal option, you should consider whether annuitization
might be better in your situation. If you have elected certain additional
benefits, such as the Guaranteed minimum death benefit or Guaranteed minimum
income benefit, amounts withdrawn from the contract to meet RMDs will reduce
the benefit base and may limit the utility of the benefit. Also, the actuarial
present value of additional contract benefits must be added to the account
value in calculating required minimum distribution withdrawals from annuity
contracts funding qualified plans, TSAs and IRAs, which could increase the
amount required to be withdrawn. Please refer to "Tax information" later in
this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
FOR ROLLOVER IRA AND ROLLOVER TSA CONTRACTS, WE WILL SEND A FORM OUTLINING THE
DISTRIBUTION OPTIONS AVAILABLE IN THE YEAR YOU REACH AGE 70-1/2 (IF YOU HAVE NOT
BEGUN YOUR ANNUITY PAYMENTS BEFORE THAT TIME).
- --------------------------------------------------------------------------------

Under Rollover TSA contracts, you may not elect our automatic RMD service if a
loan is outstanding.


FOR CONTRACTS WITH GWBL. Generally, if you elect our Automatic RMD service, any
lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.

If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated.


                                                        ACCESSING YOUR MONEY  49




Also, the partial withdrawals may cause an Excess withdrawal. You may enroll in
the plan again at any time, but the scheduled payments will not resume until
the next contract date anniversary. Further, your GWBL benefit base and
Guaranteed annual withdrawal amount may be reduced. See "Effect of Excess
Withdrawals" in "Contract features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.


FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT. The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6% of the Roll- Up benefit base (as of the beginning of
the contract year or in the first contract year, all contributions received
within the first 90 days).


Owners of tax-qualified contracts (IRA and TSA) generally should not reset the
Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/Guaranteed minimum income benefit Roll-Up benefit base reset." in
"Contract features and benefits" earlier in this Prospectus.


HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options and the guaranteed
interest option. If there is insufficient value or no value in the variable
investment options, and the guaranteed interest option, any additional amount
of the withdrawal required or the total amount of the withdrawal will be
withdrawn from the fixed maturity options in the order of the earliest maturity
date(s) first. If the contract is surrendered or annuitized or a death benefit
is paid, we will deduct a pro rata portion of the charge for that year. A
market value adjustment will apply to withdrawals from the fixed maturity
options.

HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT, GUARANTEED
MINIMUM DEATH BENEFIT AND PRINCIPAL GUARANTEE BENEFITS

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 X .40) and your new benefit after the withdrawal would be
$24,000 ($40,000 - $16,000).


With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals will reduce each of the benefits' 6% Roll-Up to age 85 benefit base
on a dollar-for-dollar basis, as long as the sum of withdrawals in a contract
year is 6% or less of the 6% Roll-Up benefit base on the contract issue date or
the most recent contract date anniversary, if later. For this purpose, in the
first contract year, all contributions received in the first 90 days after
contract issue will be considered to have been received on the first day of the
contract year. In subsequent contract years, additional contributions made
during the contract year do not affect the amount of withdrawals that can be
taken on a dollar-for-dollar basis in that contract year. Once a withdrawal is
taken that causes the sum of withdrawals in a contract year to exceed 6% of the
benefit base on the most recent anniversary, that entire withdrawal (including
RMDs) and any subsequent withdrawals in that same contract year will reduce the
benefit base pro rata. Reduction on a dollar-for-dollar basis means that your
6% Roll-Up to age 85 benefit base will be reduced by the dollar amount of the
withdrawal for each Guaranteed benefit. The Annual Ratchet to age 85 benefit
base will always be reduced on a pro rata basis.


HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT


Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the Guaranteed annual
withdrawal amount. Withdrawals that exceed the Guaranteed annual withdrawal
amount, however, can significantly reduce your GWBL benefit base and Guaranteed
annual withdrawal amount. For more information, see "Effect of Excess
withdrawals" and "Other important considerations" under "Our Guaranteed
withdrawal benefit for life ("GWBL")" in "Contract features and benefits"
earlier in this Prospectus.

Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is greater than
your account value (after the Excess withdrawal), we will further reduce your
GWBL Enhanced death benefit base to equal your account value.


WITHDRAWALS TREATED AS SURRENDERS

If you request to withdraw more than 90% of a contract's current cash value, we
will treat it as a request to surrender the contract for its cash value. In
addition, we have the right to pay the cash value and terminate this contract
if no contributions are made during the last three completed contract years,
and the account value is less than $500, or if you make a withdrawal that would
result in a cash value of less than $500. The rules in the preceding sentence
do not apply if the Guaranteed minimum income benefit no lapse guarantee is in
effect on your contract. See "Surrendering your contract to receive its cash
value" below. For the tax consequences of withdrawals, see "Tax information"
later in this Prospectus.

50  ACCESSING YOUR MONEY



SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE.  We will not
treat a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life" in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.

LOANS UNDER ROLLOVER TSA CONTRACTS

You may take loans from a Rollover TSA unless restricted by the employer who
provided the Rollover TSA funds. If you cannot take a loan, or cannot take a
loan without approval from the employer who provided the funds, we will have
this information in our records based on what you and the employer who provided
the funds told us when you purchased your contract. The employer must also tell
us whether special employer plan rules of the Employee Retirement Income
Security Act of 1974 ("ERISA") apply. We will not permit you to take a loan
while you are enrolled in our "automatic required minimum distribution (RMD)
service."

You should read the terms and conditions on our loan request form carefully
before taking out a loan. Under Rollover TSA contracts subject to ERISA, you
may only take a loan with the written consent of your spouse. If you elect the
GWBL option or a PGB, loans are not permitted. Your contract contains further
details of the loan provision. Please see Appendix VI later in this Prospectus
for any state restrictions you may be subject to if you take a loan from a
Rollover TSA contract. Also, see "Tax information" later in this Prospectus for
general rules applicable to loans.

We will permit you to have only one loan outstanding at a time. The minimum
loan amount is $1,000. The maximum amount is $50,000 or, if less, 50% of your
account value, subject to any limits under the federal income tax rules. The
term of a loan is five years. However, if you use the loan to acquire your
primary residence, the term is 10 years. The term may not extend beyond the
earliest of:

(1)   the date annuity payments begin,

(2)   the date the contract terminates, and


(3)   the date a death benefit is paid (the outstanding loan, including any
      accrued but unpaid loan interest, will be deducted from the death benefit
      amount).


A loan request under your Rollover TSA contract will be processed on the first
business day of the month following the date on which the properly completed
loan request form is received. Interest will accrue daily on your outstanding
loan at a rate we set. The loan interest rate will be equal to the Moody's
Corporate Bond Yield Averages for Baa bonds for the calendar month ending two
months before the first day of the calendar quarter in which the rate is
determined.


LOAN RESERVE ACCOUNT. On the date your loan is processed, we will transfer the
amount of your loan to the "loan reserve account." Unless you specify
otherwise, we will subtract your loan on a pro rata basis from your value in
the variable investment options and the guaranteed interest option. If those
amounts are insufficient, any additional amount of the loan will be subtracted
from the fixed maturity options in the order of the earliest maturity date(s)
first. A market value adjustment may apply. If such fixed maturity amounts are
insufficient, we will deduct all or a portion of the loan from the account for
12-month dollar cost averaging.


For the period of time your loan is outstanding, the loan reserve account rate
we will credit will equal the loan interest rate minus a maximum rate of 2%. On
each contract date anniversary after the date the loan is processed, we will
transfer the amount of interest earned in the loan reserve account to the
variable investment options on a pro rata basis. When you make a loan
repayment, unless you specify otherwise, we will transfer the dollar amount of
the loan repaid from the loan reserve account to the investment options
according to the allocation percentages we have on our records.


The tax consequences of failure to repay a loan when due are substantial and
may result in severe restrictions on your ability to borrow amounts under any
plans of your employer in the future.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts with non-natural owners while the annuitant
is living) and before you begin to receive annuity payments. (Rollover TSA
contracts may have restrictions.) For a surrender to be effective, we must
receive your written request and your contract at our processing office. We
will determine your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable) if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6% of the Roll-Up benefit base (as of the beginning of the contract
year). For more information, please see "Insufficient account value" in
"Determining your contract value" and Guaranteed withdrawal benefit for life"
in "Contract features and benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

                                                        ACCESSING YOUR MONEY  51



WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw and, upon surrender, payment of the cash value. We may postpone such
payments or applying proceeds for any period during which:

(1)   the New York Stock Exchange is closed or restricts trading,

(2)   sales of securities or determination of the fair value of a variable
      investment option's assets is not reasonably practicable because of an
      emergency, or

(3)   the SEC, by order, permits us to defer payment to protect people remaining
      in the variable investment options.

We can defer payment of any portion of your value in the guaranteed interest
option and fixed maturity options (other than for death benefits) for up to six
months while you are living. We also may defer payments for a reasonable amount
of time (not to exceed 10 days) while we are waiting for a contribution check
to clear.


All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.


YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Accumulator(R) Select(SM) provide for
conversion to payout status at or before the contract's "maturity date." This
is called annuitization. When your contract is annuitized, your Accumulator(R)
Select(SM) contract and all its benefits will terminate and you will receive a
supplemental annuity payout contract ("payout option") that provides periodic
payments for life or for a specified period of time. In general, the periodic
payment amount is determined by the account value or cash value of your
Accumulator(R) Select(SM) contract at the time of annuitization and the annuity
purchase factor to which that value is applied, as described below.
Alternatively, if you have a Guaranteed minimum income benefit, you may
exercise your benefit in accordance with its terms.


Your Accumulator(R) Select(SM) contract guarantees that upon annuitization, your
annuity account value will be applied to a guaranteed annuity purchase factor
for a life annuity payout option. In addition, you may apply your account value
or cash value, whichever is applicable, to any other annuity payout option that
we may offer at the time of annuitization. We currently offer you several
choices of annuity payout options. Some enable you to receive fixed annuity
payments, which can be either level or increasing, and others enable you to
receive variable annuity payments. Please see Appendix VI later in this
Prospectus for variations that may apply in your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus for further information.


- --------------------------------------------------------------------------------
Fixed annuity payout options          Life annuity
                                      Life annuity with period certain
                                      Life annuity with refund certain
                                      Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity            Life annuity
   payout options                     Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options     Life annuity with period certain
   (available for owners and annu-    Period certain annuity
   itants age 83 or less at
   contract issue)
- --------------------------------------------------------------------------------

o     Life annuity: An annuity that guarantees payments for the rest of the
      annuitant's life. Payments end with the last monthly payment before the
      annuitant's death. Because there is no continuation of benefits following
      the annuitant's death with this payout option, it provides the highest
      monthly payment of any of the life annuity options, so long as the
      annuitant is living.

o     Life annuity with period certain: An annuity that guarantees payments for
      the rest of the annuitant's life. If the annuitant dies before the end of
      a selected period of time ("period certain"), payments continue to the
      beneficiary for the balance of the period certain. The period certain
      cannot extend beyond the annuitant's life expectancy. A life annuity with
      a period certain is the form of annuity under the contracts that you will
      receive if you do not elect a different payout option. In this case, the
      period certain will be based on the annuitant's age and will not exceed 10
      years.

o     Life annuity with refund certain: An annuity that guarantees payments for
      the rest of the annuitant's life. If the annuitant dies before the amount
      applied to purchase the annuity option has been recovered, payments to the
      beneficiary will continue until that amount has been recovered. This
      payout option is available only as a fixed annuity.

o     Period certain annuity: An annuity that guarantees payments for a specific
      period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
      not exceed the annuitant's life expectancy. This option does not guarantee
      payments for the rest of the annuitant's life. It does not permit any
      repayment of the unpaid principal, so you cannot elect to receive part of
      the payments as a single sum payment with the rest paid in monthly annuity
      payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life and, after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.

52  ACCESSING YOUR MONEY



FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable annuity payout
option. The amount of each variable income annuity payment will fluctuate,
depending upon the performance of the variable investment options, and whether
the actual rate of investment return is higher or lower than an assumed base
rate.

INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only).

For Rollover TSA contracts, if you want to elect an Income Manager(SM) payout
option, we will first roll over amounts in such contract to a Rollover IRA
contract with the plan participant as owner. You must be eligible for a
distribution under the Rollover TSA contract.

You may choose to apply only part of the account value of your Accumulator(R)
Select(SM) contract to an Income Manager(SM) payout annuity. In this case, we
will consider any amounts applied as a withdrawal from your Accumulator(R)
Select(SM). For the tax consequences of withdrawals, see "Tax information" later
in this Prospectus.

The Income Manager(SM) payout options are not available in all states.


If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option, different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income Manager(SM) prospectus.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION


The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose. If amounts in a fixed maturity option are
used to purchase any annuity payout option prior to the maturity date, a market
value adjustment will apply.


SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.

You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Accumulator(R) Select(SM) contract date. Except with
respect to the Income Manager(SM) annuity payout options, where payments are
made on the 15th day of each month, you can change the date your annuity
payments are to begin anytime before that date as long as you do not choose a
date later than the 28th day of any month. Also, that date may not be later than
the annuity maturity date described below.


The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.

If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender (subject to a market value
adjustment) if an Income Manager(SM) payout option is chosen.

ANNUITY MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for
life," these payments will


                                                        ACCESSING YOUR MONEY  53




have the potential to increase with favorable investment performance. Any
remaining Guaranteed minimum death benefit value will be transferred to the
annuity payout contract as your "minimum death benefit." If the enhanced death
benefit had been elected, its value as of the date the annuity payout contract
is issued will become your minimum death benefit, and it will no longer
increase. The minimum death benefit will be reduced dollar for dollar by each
payment. If you die while there is any minimum death benefit remaining, it will
be paid to your beneficiary.


Please see Appendix VI later in this Prospectus for variations that may apply
in your state.

54  ACCESSING YOUR MONEY



5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o     A mortality and expense risks charge

o     An administrative charge

o     A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o     On each contract date anniversary -- an annual administrative charge, if
      applicable.

o     On each contract date anniversary, a charge for each optional benefit that
      you elect: a death benefit (other than the Standard and GWBL Standard
      death benefit); the Guaranteed minimum income benefit; the Guaranteed
      withdrawal benefit for life; and the Earnings enhancement benefit.

o     On any contract date anniversary on which you are participating in a PGB
      -- a charge for a PGB.

o     At the time annuity payments are to begin -- charges designed to
      approximate certain taxes that may be imposed on us, such as premium taxes
      in your state. An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section .

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES


MORTALITY AND EXPENSE RISKS CHARGE. We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Standard guaranteed minimum death benefit. The
daily charge is equivalent to an annual rate of 1.10% of the net assets in each
variable investment option.

The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.

ADMINISTRATIVE CHARGE. We deduct a daily charge from the net assets in each
variable investment option to compensate us for administrative expenses under
the contracts. The daily charge is equivalent to an annual rate of 0.25% of the
net assets in each variable investment option.

DISTRIBUTION CHARGE. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.35%
of the net assets in each variable investment option.

ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option (see Appendix VI later in this Prospectus to
see if deducting this charge from the guaranteed interest option is permitted
in your state) on a pro rata basis. If those amounts are insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (if
available) in the order of the earliest maturity date(s) first. If those
amounts are insufficient, we will deduct all or a portion of the charge from
the account for 12 month dollar cost averaging. If the contract is surrendered
or annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year. A
market value adjustment will apply to deductions from the fixed maturity
options.


                                                        CHARGES AND EXPENSES  55



If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.65% of the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85
benefit base.

GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.

We will deduct this charge from your value in the variable investment options
(or, if applicable, the permitted variable investment options) and the
guaranteed interest option on a pro rata basis (see Appendix VI later in this
Prospectus to see if deducting this charge from the guaranteed interest option
is permitted in your state). If those amounts are still insufficient, we will
deduct all or a portion of the charge from the fixed maturity options (if
applicable) in the order of the earliest maturity date(s) first. A market value
adjustment will apply to deductions from the fixed maturity options. If those
amounts are insufficient, we will deduct all or a portion of the charge from
the account for 12 month dollar cost averaging. If the contract is surrendered
or annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.

PRINCIPAL GUARANTEE BENEFITS CHARGE


If you purchase a PGB, we deduct a charge annually from your account value on
each contract date anniversary on which you are participating in a PGB. The
charge is equal to 0.50% of the account value for the 100% Principal guarantee
benefit and 0.75% of the account value for the 125% Principal guarantee
benefit. We will continue to deduct the charge until your benefit maturity
date. We will deduct this charge from your value in the permitted variable
investment options and the guaranteed interest option (see Appendix VI later in
this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state) on a pro rata basis. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option, or the contract date anniversary after the owner reaches 85,
whichever occurs first. The charge is equal to 0.65% of the applicable benefit
base in effect on the contract date anniversary.


We will deduct this charge from your value in the variable investment options
and the guaranteed interest option on a pro rata basis (see Appendix VI later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state). If those amounts are still insufficient, we
will deduct all or a portion of the charge from the fixed maturity options in
the order of the earliest maturity date(s) first. A market value adjustment
will apply to deductions from the fixed maturity options. If those amounts are
insufficient, we will deduct all or a portion of the charge from the account
for 12 month dollar cost averaging. If the contract is surrendered or
annuitized or a death benefit is paid on a date other than a contract date
anniversary, we will deduct a pro rata portion of the charge for that year.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

EARNINGS ENHANCEMENT BENEFIT CHARGE


If you elect the Earnings enhancement benefit, we deduct a charge annually from
your account value on each contract date anniversary for which it is in effect.
The charge is equal to 0.35% of the account value on each contract date
anniversary. We will deduct this charge from your value in the variable
investment options and the guaranteed interest option on a pro rata basis. If
those amounts are insufficient, we will deduct all or a portion of the charge
from the fixed maturity options in the order of the earliest maturity date(s)
first. If those amounts are insufficient, we will deduct all or a portion of
the charge from the account for 12 month dollar cost averaging. If the contract
is surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year. A market value adjustment will apply to deductions from the fixed
maturity options.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

56  CHARGES AND EXPENSES



GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. We will
deduct this charge from your value in the permitted variable investment options
and the guaranteed interest option on a pro rata basis. (See Appendix VI later
in this Prospectus to see if deducting this charge from the guaranteed interest
option is permitted in your state.) If those amounts are insufficient, we will
deduct all or a portion of the charge from the account for 12 month dollar cost
averaging. If the contract is surrendered or annuitized or a death benefit is
paid on a date other than a contract date anniversary, we will deduct a pro
rata portion of the charge for that year.

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the Single Life option is 0.75%. The maximum charge for the
Joint Life option is 0.90%. The increased charge, if any, will apply as of the
contract date anniversary on which your GWBL benefit base ratchets and on all
contract date anniversaries thereafter. We will permit you to opt out of the
ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, we will adjust the charge at that time
to reflect a Single life. If the successor owner or joint annuitant is dropped
after withdrawals begin, the charge will continue based on a Joint life basis.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION ADMINISTRATIVE FEE

We deduct a fee of $350 from the amount to be applied to the variable Immediate
Annuity payout option. This option may not be available at the time you elect
to annuitize or it may have a different charge.


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o     Management fees ranging from 0.05% to 1.40%.

o     12b-1 fees of either 0.25% or 0.35%.


o     Operating expenses, such as trustees' fees, independent public accounting
      firms' fees, legal counsel fees, administrative service fees, custodian
      fees and liability insurance.

o     Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.


GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the mortality and
expense risks charge or change the minimum initial contribution requirements.
We also may change the Guaranteed minimum income benefit or the Guaranteed
minimum death benefit, or offer variable investment options that invest in
shares of the Trusts that are not subject to the 12b-1 fee. Group arrangements
include those in which a trustee or an employer, for example, purchases
contracts covering a group of individuals on a group basis. Group arrangements
are not available for Rollover IRA and Roth Conversion IRA contracts. Sponsored
arrangements include those in which an employer allows us to sell contracts to
its employees or retirees on an individual basis.

Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We also may establish different rates to maturity for the fixed maturity
options under different classes of contracts for group or sponsored
arrangements.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

                                                        CHARGES AND EXPENSES  57



6. Payment of death benefit

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YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. You may be
limited as to the beneficiary you can designate in a Rollover TSA contract.
Where an NQ contract is owned for the benefit of a minor pursuant to the
Uniform Gift to Minors Act or the Uniform Transfers to Minors Act, the
beneficiary must be the estate of the minor. Where an IRA contract is owned in
a custodial individual retirement account, the custodian must be the
beneficiary.

The death benefit is equal to your account value (without adjustment for any
otherwise applicable negative market value adjustment) or, if greater, the
applicable Guaranteed minimum death benefit. In either case, the death benefit
is increased by any amount applicable under the Earnings enhancement benefit.
We determine the amount of the death benefit (other than the applicable
Guaranteed minimum death benefit) and any amount applicable under the Earnings
enhancement benefit, as of the date we receive satisfactory proof of the
owner's (or older joint owner's, if applicable) death, any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. The amount of the applicable Guaranteed
minimum death benefit will be such Guaranteed minimum death benefit as of the
date of the owner's (or older joint owner's, if applicable) death adjusted for
any subsequent withdrawals. For Rollover TSA contracts with outstanding loans,
we will reduce the amount of the death benefit by the amount of the outstanding
loan, including any accrued but unpaid interest on the date that the death
benefit payment is made.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.

EFFECT OF THE OWNER'S DEATH


In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death
of the annuitant. For Joint life contracts with GWBL, the death benefit is paid
to the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature or under our Beneficiary continuation option., as
discussed below. For contracts with non-spousal joint owners, the joint owner
will be able to continue the contract as a successor owner subject to the
limitations discussed below under "Non-spousal joint owner contract
continuation." If you are the sole owner and your spouse is the sole primary
beneficiary, your surviving spouse can continue the contract as a successor
owner as discussed below, under "Spousal continuation" or under our Beneficiary
continuation option, as discussed below.


If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require
payments of amounts under the contract to be made within five years of an
owner's death (the "5-year rule"). In certain cases, an individual beneficiary
or non-spousal surviving joint owner may opt to receive payments over his/her
life (or over a period not in excess of his/her life expectancy) if payments
commence within one year of the owner's death. Any such election must be made
in accordance with our rules at the time of death. If the beneficiary of a
contract with one owner or a younger non-spousal joint owner continues the
contract under the 5-year rule, in general, all guaranteed benefits and their
charges will end. If a PGB election is in effect upon your death with a benefit
maturity date of less than five years from the date of death, it will remain in
effect. For more information on non-spousal joint owner contract continuation,
see the section immediately below.

NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint owner within five
years. The surviving owner may instead elect to

58  PAYMENT OF DEATH BENEFIT



receive a life annuity, provided payments begin within one year of the deceased
owner's death. If the life annuity is elected, the contract and all benefits
terminate.


If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit, if higher, and by the value of the Earnings
enhancement benefit. The surviving owner can elect to (1) take a lump sum
payment; (2) annuitize within one year; (3) continue the contract for up to
five years; or (4) continue the contract under the Beneficiary continuation
option. If the contract continues, the Guaranteed minimum death benefit and
charge and the Guaranteed minimum income benefit and charge will then be
discontinued. No additional contributions will be permitted.

If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the Beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit and the Earnings enhancement
benefit, if applicable, will continue without change. If the Guaranteed minimum
income benefit cannot be exercised within the period required by federal tax
laws, the benefit and charge will terminate as of the date we receive proof of
death. No additional contributions will be permitted.


Upon the death of either owner, if the surviving owner elects the 5-year rule
and a PGB was in effect upon the owner's death with a maturity date of more
than five years from the date of death, we will terminate the benefit and the
charge.

SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your spouse, your spouse may elect to
continue the contract as successor owner upon your death. Spousal beneficiaries
(who are not also joint owners) must be 85 or younger as of the date of the
deceased spouse's death in order to continue the contract under Spousal
continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse
beneficiary (under a Single owner contract), may elect to receive the death
benefit or continue the contract, as follows:


o     As of the date we receive satisfactory proof of your death, any required
      instructions, information and forms necessary, we will increase the
      account value to equal the elected Guaranteed minimum death benefit as of
      the date of your death if such death benefit is greater than such account
      value, plus any amount applicable under the Earnings enhancement benefit,
      and adjusted for any subsequent withdrawals. The increase in the account
      value will be allocated to the investment options according to the
      allocation percentages we have on file for your contract.


o     The applicable Guaranteed minimum death benefit option may continue as
      follows:

       o If the surviving spouse is age 75 or younger on the date of your death,
         and you were age 84 or younger at death, the Guaranteed minimum death
         benefit you elected continues and will continue to grow according to
         its terms until the contract date anniversary following the date the
         surviving spouse reaches age 85.

       o If the surviving spouse is age 75 or younger on the date of your death,
         and you were age 85 or older at death, we will reinstate the Guaranteed
         minimum death benefit you elected. The benefit base (which had
         previously been frozen at age 85) will now continue to grow according
         to its terms until the contract date anniversary following the date the
         surviving spouse reaches age 85.

       o If the surviving spouse is age 76 or over on the date of your death,
         the Guaranteed minimum death benefit and charge will be discontinued.

       o If the Guaranteed minimum death benefit continues, the Guaranteed
         minimum death benefit/Guaranteed minimum income benefit roll-up benefit
         base reset, if applicable, will be based on the surviving spouse's age
         at the time of your death. The next available reset will be based on
         the contract issue date or last reset, as applicable.

       o For single owner contracts with the GWBL Enhanced death benefit, we
          will discontinue the benefit and charge. However, we will freeze the
          GWBL Enhanced death benefit base as of the date of your death (less
          subsequent withdrawals), and pay it upon your spouse's death.

o    The Earnings enhancement benefit will be based on the surviving spouse's
     age at the date of the deceased spouse's death for the remainder of the
     life of the contract. If the benefit had been previously frozen because the
     older spouse had attained age 80, it will be reinstated if the surviving
     spouse is age 75 or younger. The benefit is then frozen on the contract
     date anniversary after the surviving spouse reaches age 80. If the
     surviving spouse is age 76 or older, the benefit and charge will be
     discontinued.

o    If elected, PGB continues and is based on the same benefit maturity date
     and guaranteed amount that was guaranteed.

o    The Guaranteed minimum income benefit may continue if the benefit had not
     already terminated and the benefit will be based on the surviving spouse's
     age at the date of the deceased spouse's death. See "Guaranteed minimum
     income benefit" in "Contract features and benefits" earlier in this
     Prospectus.


o    If you elect the Guaranteed withdrawal benefit for life on a Joint life
     basis, the benefit and charge will remain in effect and no death benefit is
     payable until the death of the surviving spouse. No additional
     contributions will be permitted. If you elect the Guaranteed withdrawal
     benefit for life on a Single life basis, the benefit and charge will
     terminate.


o    If the deceased spouse was the annuitant, the surviving spouse becomes the
     annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner

                                                    PAYMENT OF DEATH BENEFIT  59



of the contract, may request that the spouse be substituted as annuitant as of
the date of the annuitant's death. No further change of annuitant will be
permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o    The Guaranteed minimum death benefit, the Earnings enhancement benefit and
     the Guaranteed minimum income benefit continue to be based on the older
     spouse's age for the life of the contract.

o    If the deceased spouse was the annuitant, the surviving spouse becomes the
     annuitant.

o    If a PGB had been elected, the benefit continues and is based on the same
     benefit maturity date and guaranteed amount.


o    If you elect the Guaranteed withdrawal benefit for life, the benefit and
     charge will remain in effect and no death benefit is payable until the
     death of the surviving spouse.


If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.

BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. We make this option available to beneficiaries under traditional
IRA, Roth IRA and NQ contracts, subject to state availability. Please speak
with your financial professional or see Appendix VI later in this Prospectus
for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, plus any
amount applicable under the Earnings enhancement benefit, adjusted for any
subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o    The contract continues in your name for the benefit of your beneficiary.

o    The beneficiary replaces the deceased owner as annuitant.

o    This feature is only available if the beneficiary is an individual. Certain
     trusts with only individual beneficiaries will be treated as individuals
     for this purpose.

o    If there is more than one beneficiary, each beneficiary's share will be
     separately accounted for. It will be distributed over the beneficiary's own
     life expectancy, if payments over life expectancy are chosen.

o    The minimum amount that is required in order to elect the beneficiary
     continuation option is $5,000 for each beneficiary.

o    The beneficiary may make transfers among the investment options but no
     additional contributions will be permitted.

o    If you had elected the Guaranteed minimum income benefit, an optional
     enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life
     or the GWBL Enhanced death benefit under the contract, they will no longer
     be in effect and charges for such benefits will stop. Also, any Guaranteed
     minimum death benefit feature will no longer be in effect.


o    The beneficiary may choose at any time to withdraw all or a portion of the
     account value.


o    Any partial withdrawal must be at least $300.

o    Your beneficiary will have the right to name a beneficiary to receive any
     remaining interest in the contract.

o    Upon the death of your beneficiary, the beneficiary he or she has named has
     the option to either continue taking required minimum distributions based
     on the remaining life expectancy of the deceased beneficiary or to receive
     any remaining interest in the contract in a lump sum. The option elected
     will be processed when we receive satisfactory proof of death, any required
     instructions for the method of payment and any required information and
     forms necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ

60  PAYMENT OF DEATH BENEFIT


contract owner dies before the annuity maturity date, whether or not the owner
and the annuitant are the same person. For purposes of this discussion,
"beneficiary" refers to the successor owner. This feature must be elected
within 9 months following the date of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o    This feature is only available if the beneficiary is an individual. It is
     not available for any entity such as a trust, even if all of the
     beneficiaries of the trust are individuals.

o    The beneficiary automatically replaces the existing annuitant.

o    The contract continues in your name for the benefit of your beneficiary.

o    If there is more than one beneficiary, each beneficiary's share will be
     separately accounted for. It will be distributed over the respective
     beneficiary's own life expectancy, if scheduled payments are chosen.

o    The minimum amount that is required in order to elect the beneficiary
     continuation option is $5,000 for each beneficiary.

o    The beneficiary may make transfers among the investment options but no
     additional contributions will be permitted.

o    If you had elected the Guaranteed minimum income benefit, an optional
     enhanced death benefit, a PGB, the Guaranteed withdrawal benefit for life
     or the GWBL Enhanced death benefit under the contract, they will no longer
     be in effect and charges for such benefits will stop. Also, any Guaranteed
     minimum death benefit feature will no longer be in effect.

o    If the beneficiary chooses the "5-year rule," withdrawals may be made at
     any time. If the beneficiary instead chooses scheduled payments, the
     beneficiary must also choose between two potential withdrawal options at
     the time of election. If the beneficiary chooses "Withdrawal Option 1", the
     beneficiary cannot later withdraw funds in addition to the scheduled
     payments the beneficiary is receiving; "Withdrawal Option 1" permits total
     surrender only. "Withdrawal Option 2" permits the beneficiary to take
     withdrawals, in addition to scheduled payments, at any time. However, the
     scheduled payments under "Withdrawal Option 1" are afforded favorable tax
     treatment as "annuity payments." See "Taxation of nonqualified annuities"
     in "Tax Information" later in this Prospectus.

o    Any partial withdrawals must be at least $300.

o    Your beneficiary will have the right to name a beneficiary to receive any
     remaining interest in the contract on the beneficiary's death.

o    Upon the death of your beneficiary, the beneficiary he or she has named has
     the option to either continue taking scheduled payments based on the
     remaining life expectancy of the deceased beneficiary (if scheduled
     payments were chosen) or to receive any remaining interest in the contract
     in a lump sum. We will pay any remaining interest in the contract in a lump
     sum if your beneficiary elects the 5-year rule. The option elected will be
     processed when we receive satisfactory proof of death, any required
     instructions for the method of payment and any required information and
     forms necessary to effect payment.

IF THE DECEASED IS THE OWNER OR THE OLDER JOINT OWNER:

o    As of the date we receive satisfactory proof of death, any required
     instructions, information and forms necessary to effect the Beneficiary
     continuation option feature, we will increase the account value to equal
     the applicable death benefit if such death benefit is greater than such
     account value plus any amount applicable under the Earnings enhancement
     benefit, adjusted for any subsequent withdrawals.

IF THE DECEASED IS THE YOUNGER NON-SPOUSAL JOINT OWNER:

o    The annuity account value will not be reset to the death benefit amount.

                                                    PAYMENT OF DEATH BENEFIT  61



7. Tax information

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OVERVIEW

In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Accumulator(R) Select(SM) contracts owned by United
States individual taxpayers. The tax rules can differ, depending on the type of
contract, whether NQ, traditional IRA, Roth IRA or TSA. Therefore, we discuss
the tax aspects of each type of contract separately.

Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted based on these options.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax, and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, the amounts due to beneficiaries, may be subject to federal or
state gift, estate, or inheritance taxes. You should not rely only on this
document, but should consult your tax adviser before your purchase.

BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. How
these arrangements work, including special rules applicable to each, are
described in the specific sections for each type of arrangement, below. You
should be aware that the funding vehicle for a qualified arrangement does not
provide any tax deferral benefit beyond that already provided by the Code for
all permissible funding vehicles. Before choosing an annuity contract,
therefore, you should consider the annuity's features and benefits, such as
Accumulator(R) Select(SM)'s 12 month dollar cost averaging, choice of death
benefits, the Guaranteed withdrawal for life benefit, the Guaranteed minimum
income benefit, selection of variable investment options, guaranteed interest
option, fixed maturity options and its choices of payout options, as well as
the features and benefits of other permissible funding vehicles and the
relative costs of annuities and other arrangements. You should be aware that
cost may vary depending on the features and benefits made available and the
charges and expenses of the investment options or funds that you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. For this purpose
additional annuity contract benefits may include, but are not limited to,
guaranteed minimum income benefits and enhanced death benefits. You should
consider the potential implication of these Regulations before you purchase
this annuity contract or purchase additional features under this annuity
contract.

TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o    if a contract fails investment diversification requirements as specified in
     federal income tax rules (these rules are based on or are similar to those
     specified for mutual funds under the securities laws);

o    if you transfer a contract, for example, as a gift to someone other than
     your spouse (or former spouse);

o    if you use a contract as security for a loan (in this case, the amount
     pledged will be treated as a distribution); and

o    if the owner is other than an individual (such as a corporation,
     partnership, trust, or other non-natural person). This provision does not
     apply to a trust which is a mere agent or nominee for an individual, such
     as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED WITHDRAWAL BENEFIT FOR
LIFE

We treat Guaranteed annual withdrawals and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are

62  TAX INFORMATION



taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable. If
you withdraw an amount which is more than the earnings in the contract as of
the date of the withdrawal, the balance of the distribution is treated as a
return of your investment in the contract and is not taxable. It reduces the
investment in the contract.

ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.

PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.

EARNINGS ENHANCEMENT BENEFIT

In order to enhance the amount of the death benefit to be paid at the owner's
death, you may purchase an Earnings enhancement benefit rider for your NQ
contract. Although we regard this benefit as an investment protection feature
which is part of the contract and which should have no adverse tax effect, it
is possible that the IRS could take a contrary position or assert that the
Earnings enhancement benefit rider is not part of the contract. In such a case
the charges for the Earnings enhancement benefit rider could be treated for
federal income tax purposes as a partial withdrawal from the contract. If this
were so, such a deemed withdrawal could be taxable, and for contract owners
under age 59-1/2, also subject to a tax penalty. Were the IRS to take this
position, AXA Equitable would take all reasonable steps to attempt to avoid
this result, which could include amending the contract (with appropriate notice
to you).

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o    the contract that is the source of the funds you are using to purchase the
     NQ contract is another nonqualified deferred annuity contract (or life
     insurance or endowment contract).

o    The owner and the annuitant are the same under the source contract and the
     Accumulator(R) Select(SM) NQ contract. If you are using a life insurance or
     endowment contract the owner and the insured must be the same on both sides
     of the exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Accumulator(R) Select(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between carriers, and provision of cost basis information may be required to
process this type of an exchange.


Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER
YOUR DEATH


For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ Contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

o    scheduled payments under the beneficiary continuation option for NQ
     contracts satisfy the death of owner rules of Section 72(s)(2) of the Code,
     regardless of whether the beneficiary elects "Withdrawal Option 1" or
     "Withdrawal Option 2";

o    scheduled payments, any additional withdrawals under "Withdrawal Option 2",
     or contract surrenders under "Withdrawal Option

                                                             TAX INFORMATION  63



   1" will only be taxable to the beneficiary when amounts are actually paid,
   regardless of the Withdrawal Option selected by the beneficiary;

o    a beneficiary who irrevocably elects scheduled payments with "Withdrawal
     Option 1" will receive "excludable amount" tax treatment on scheduled
     payments. See "Annuity payments" earlier in this section. If the
     beneficiary elects to surrender the contract before all scheduled payments
     are paid, the amount received upon surrender is a non-annuity payment
     taxable to the extent it exceeds any remaining investment in the contract.

The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).

The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o on or after your death; or
o because you are disabled (special federal income tax definition); or

o in the form of substantially equal periodic annuity payments for your life (or
  life expectancy), or the joint lives (or joint life expectancy) of you and a
  beneficiary, in accordance with IRS formulas. We do not anticipate that
  Guaranteed annual withdrawals made under the Guaranteed withdrawal benefit for
  life's Maximum or Customized payment plan or taken as partial withdrawals will
  qualify for this exception if made before age 59-1/2.


INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets for the benefit of the IRA owner. The assets funding the account
typically include mutual funds and/or individual stocks and/or securities in a
custodial account and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
  SIMPLE IRAs issued and funded in connection with employer-sponsored retirement
  plans; and
o Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA ("Rollover IRA") or Roth IRA ("Roth
Conversion IRA"). We also offer the Inherited IRA for payment of post-death
required minimum distributions from tradi-

64  TAX INFORMATION



tional IRAs and Roth IRAs. This Prospectus contains the information that the
IRS requires you to have before you purchase an IRA. The first section covers
some of the special tax rules that apply to traditional IRAs. The next section
covers Roth IRAs. The disclosure generally assumes direct ownership of the
individual retirement annuity contract. For contracts owned in a custodial
individual retirement account, the disclosure will apply only if you terminate
your account or transfer ownership of the contract to yourself.

We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).


AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of the Accumulator(R) Select(SM) traditional and Roth IRA
contracts for use as a traditional and Roth IRA, respectively. It is not clear
whether and when any such approval may be received. We have in the past
received IRS opinion letters approving the respective forms of similar
traditional IRA and Roth IRA endorsements for use as a traditional and Roth
IRA, respectively. This IRS approval is a determination only as to the form of
the annuity. It does not represent a determination of the merits of the annuity
as an investment. The contracts submitted for IRS approval do not include every
feature possibly available under the Accumulator(R) Select(SM) traditional and
Roth IRA contracts.


AXA Equitable has also submitted the respective forms of the Accumulator(R)
Select(SM) Inherited IRA beneficiary continuation contract to the IRS for
approval as to form for use as a traditional IRA or Roth IRA, respectively. We
do not know if and when any such approval may be granted.

EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for IRA contracts, subject to state
and contract availability. We have received IRS Opinion Letters that the
contract with a similar Earnings enhancement benefit qualifies as to form for
use as a traditional IRA and Roth IRA, respectively. This IRS approval is a
determination only as to the form of the annuity. It does not represent a
determination of the merits of the annuity as an investment. The contracts
submitted for IRS approval do not include every feature possibly available
under the Accumulator(R) Select(SM) traditional and Roth IRA contracts. You
should discuss with your tax adviser whether you should consider purchasing an
Accumulator(R) Select(SM) IRA or Accumulator(R) Select(SM) Roth IRA with the
optional Earnings enhancement benefit.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

You can cancel any version of the Accumulator(R) Select(SM) IRA contract
(traditional IRA or Roth IRA) by following the directions in "Your right to
cancel within a certain number of days" under "Contract features and benefits"
earlier in this Prospectus. If you cancel a traditional IRA contract, we may
have to withhold tax, and we must report the transaction to the IRS. A contract
cancellation could have an unfavorable tax impact.

TRADITIONAL INDIVIDUAL RETIREMENT ANNUITIES (TRADITIONAL IRAS)

CONTRIBUTIONS TO TRADITIONAL IRAS. Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:

o "regular" contributions out of earned income or compensation; or

o tax-free "rollover" contributions; or

o direct custodian-to-custodian transfers from other traditional IRAs ("direct
  transfers").

REGULAR CONTRIBUTIONS TO TRADITIONAL IRAS

LIMITS ON CONTRIBUTIONS. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000, your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

SPECIAL RULES FOR SPOUSES. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. Catch-up contributions may be
made as described above for spouses who are at least age 50 but under age 70-1/2
at any time during the taxable year for which the contribution is made.

DEDUCTIBILITY OF CONTRIBUTIONS. The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored-tax-favored retirement plan, as defined under special
federal income tax rules. Your Form W-2 will indicate whether or not you are
covered by such a retirement plan.

                                                             TAX INFORMATION  65



IF YOU ARE NOT COVERED BY A RETIREMENT PLAN DURING ANY PART OF THE YEAR, you
can make FULLY DEDUCTIBLE contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions." That is, for 2007 your fully deductible contribution
can be up to $4,000 ($5,000 for 2008), or if less, your earned income. The
dollar limit is $5,000 for people eligible to make age 50-70-1/2 catch-up
contributions for 2007 ($6,000 for 2008).

IF YOU ARE COVERED BY A RETIREMENT PLAN DURING ANY PART OF THE YEAR, and your
adjusted gross income (AGI) is BELOW THE LOWER DOLLAR FIGURE IN A PHASE-OUT
RANGE, you can make fully deductible contributions to your traditional IRAs.

IF YOU ARE COVERED BY A RETIREMENT PLAN DURING ANY PART OF THE YEAR, and your
AGI FALLS WITHIN A PHASE-OUT RANGE, you can make partially deductible
contributions to your traditional IRAs.

IF YOU ARE COVERED BY A RETIREMENT PLAN DURING ANY PART OF THE YEAR, and your
AGI falls ABOVE THE HIGHER FIGURE IN THE PHASE-OUT RANGE, you MAY NOT DEDUCT
any of your regular contributions to your traditional IRAs.


Cost of living indexing applies to the income limits to deductible
contributions beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment).

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)


Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)


To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:



    ($10,000-excess AGI)     times    the maximum     Equals   the adjusted
    --------------------       x        regular          =      deductible
      divided by $10,000              contribution             contribution
                                      for the year                limit


ADDITIONAL "SAVER'S CREDIT" FOR CONTRIBUTIONS TO A TRADITIONAL IRA OR ROTH IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax
return, and your adjusted gross income cannot exceed $50,000 ($52,000 after
cost of living indexing beginning in 2007) . The amount of the tax credit you
can get varies from 10% of your contribution to 50% of your contribution, and
depends on your income tax filing status and your adjusted gross income. The
maximum annual contribution eligible for the saver's credit is $2,000. If you
and your spouse file a joint return, and each of you qualifies, each is
eligible for a maximum annual contribution of $2,000. Your saver's credit may
also be reduced if you take or have taken a taxable distribution from any plan
eligible for a saver's credit contribution -- even if you make a contribution
to one plan and take the distribution from another plan -- during the "testing
period." The "testing period" begins two years before the year for which you
make the contribution and ends when your tax return is due for the year for
which you make the contribution. Saver's-credit-eligible contributions may be
made to a 401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE
IRA or SARSEP IRA, as well as a traditional IRA or Roth IRA.

NONDEDUCTIBLE REGULAR CONTRIBUTIONS. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007 and
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 catch-up contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.


If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

WHEN YOU CAN MAKE REGULAR CONTRIBUTIONS. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

66  TAX INFORMATION



ROLLOVER AND TRANSFER CONTRIBUTIONS TO TRADITIONAL IRAS

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o qualified plans;

o governmental employer 457(b) plans;

o TSAs (including Internal Revenue Code Section 403(b)(7) custo dial accounts);
  and

o other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

ROLLOVERS FROM "ELIGIBLE RETIREMENT PLANS" OTHER THAN TRADITIONAL IRAS

Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.

There are two ways to do rollovers:

o Do it yourself:

  You actually receive a distribution that can be rolled over and you roll it
  over to a traditional IRA within 60 days after the date you receive the funds.
  The distribution from your eligible retirement plan will be net of 20%
  mandatory federal income tax withholding. If you want, you can replace the
  withheld funds yourself and roll over the full amount.

o Direct rollover:

  You tell the trustee or custodian of the eligible retirement plan to send the
  distribution directly to your traditional IRA issuer. Direct rollovers are not
  subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o "required minimum distributions" after age 70-1/2 or retirement from service
  with the employer; or

o substantially equal periodic payments made at least annually for your life (or
  life expectancy) or the joint lives (or joint life expectancies) of you and
  your designated beneficiary; or

o substantially equal periodic payments made for a specified period of 10 years
  or more; or

o hardship withdrawals; or

o corrective distributions that fit specified technical tax rules; or

o loans that are treated as distributions; or

o death benefit payments to a beneficiary who is not your surviving spouse; or

o qualified domestic relations order distributions to a beneficiary who is not
  your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.

ROLLOVERS OF AFTER-TAX CONTRIBUTIONS FROM ELIGIBLE RETIREMENT PLANS OTHER THAN
TRADITIONAL IRAS


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


ROLLOVERS FROM TRADITIONAL IRAS TO TRADITIONAL IRAS

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS

The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court ordered divorce or separation decree.

                                                             TAX INFORMATION  67



EXCESS CONTRIBUTIONS

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o    regular contributions of more than the maximum regular contri-
     bution amount for the applicable taxable year); or

o    regular contributions to a traditional IRA made after you reach
     age 70-1/2; or

o    rollover contributions of amounts which are not eligible to be
     rolled over, for example, minimum distributions required to be made after
     age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1)  the rollover was from an eligible retirement plan to a traditional IRA;

(2)  the excess contribution was due to incorrect information that the plan
     provided; and

(3)  you took no tax deduction for the excess contribution.

RECHARACTERIZATIONS

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

WITHDRAWALS, PAYMENTS AND TRANSFERS OF FUNDS OUT OF TRADITIONAL IRAS

NO FEDERAL INCOME TAX LAW RESTRICTIONS ON WITHDRAWALS. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

TAXATION OF PAYMENTS. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
of your nondeductible contributions to traditional IRAs so that you can
correctly report the taxable amount of any distribution on your own tax return.
At the end of any year in which you have received a distribution from any
traditional IRA, you calculate the ratio of your total nondeductible
traditional IRA contributions (less any amounts previously withdrawn tax free)
to the total account balances of all traditional IRAs you own at the end of the
year plus all traditional IRA distributions made during the year. Multiply this
by all distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o   the amount received is a withdrawal of excess contributions, as described
    under "Excess contributions" earlier in this section; or

o   the entire amount received is rolled over to another traditional IRA or
    other eligible retirement plan which agrees to accept the funds. (See
    "Rollovers from eligible retirement plans other than traditional IRAs" under
    "Rollover and transfer contributions to traditional IRAs" earlier in this
    section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.

Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners age 70-1/2 or older.

68  TAX INFORMATION



REQUIRED MINIMUM DISTRIBUTIONS

BACKGROUND ON REGULATIONS -- REQUIRED MINIMUM DISTRIBUTIONS
Distributions must be made from traditional IRAs according to rules contained
in the Code and Treasury Regulations. Beginning in 2006, certain provisions of
the Treasury Regulations require that the actuarial present value of additional
annuity contract benefits must be added to the dollar amount credited for
purposes of calculating certain types of required minimum distributions from
individual retirement annuity contracts. For this purpose additional annuity
contract benefits may include, but are not limited to, guaranteed minimum
income benefits and enhanced death benefits. This could increase the amount
required to be distributed from these contracts if you take annual withdrawals
instead of annuitizing. Please consult your tax adviser concerning
applicability of these complex rules to your situation.

LIFETIME REQUIRED MINIMUM DISTRIBUTIONS. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

WHEN YOU HAVE TO TAKE THE FIRST LIFETIME REQUIRED MINIMUM DISTRIBUTION. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that
year--the delayed one for the first year and the one actually for that year.
Once minimum distributions begin, they must be made at some time each year.

HOW YOU CAN CALCULATE REQUIRED MINIMUM DISTRIBUTIONS. There are two approaches
to taking required minimum distributions -- "account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

DO YOU HAVE TO PICK THE SAME METHOD TO CALCULATE YOUR REQUIRED MINIMUM
DISTRIBUTIONS FOR ALL OF YOUR TRADITIONAL IRAS AND OTHER RETIREMENT PLANS? No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

WILL WE PAY YOU THE ANNUAL AMOUNT EVERY YEAR FROM YOUR TRADITIONAL IRA BASED ON
THE METHOD YOU CHOOSE? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service, we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

WHAT IF YOU TAKE MORE THAN YOU NEED TO FOR ANY YEAR? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

WHAT IF YOU TAKE LESS THAN YOU NEED TO FOR ANY YEAR? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

WHAT ARE THE REQUIRED MINIMUM DISTRIBUTION PAYMENTS AFTER YOU DIE? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

INDIVIDUAL BENEFICIARY. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expect-

                                                             TAX INFORMATION  69



ancy using the IRS-provided life expectancy tables as of the calendar year
after the owner's death and reduces that number by one each subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

SPOUSAL BENEFICIARY. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from your
traditional IRA into his/her own traditional IRA or other eligible retirement
plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

NON-INDIVIDUAL BENEFICIARY. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." PLEASE NOTE THAT WE NEED AN INDIVIDUAL ANNUITANT TO
KEEP AN ANNUITY CONTRACT IN FORCE. IF THE BENEFICIARY IS NOT AN INDIVIDUAL, WE
MUST DISTRIBUTE AMOUNTS REMAINING IN THE ANNUITY CONTRACT AFTER THE DEATH OF
THE ANNUITANT.

SPOUSAL CONTINUATION

If the contract is continued under spousal continuation then no amounts are
required to be paid until after your surviving spouse's death.

PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH

IRA death benefits are taxed the same as IRA distributions.

BORROWING AND LOANS ARE PROHIBITED TRANSACTIONS

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

EARLY DISTRIBUTION PENALTY TAX

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    used to pay certain extraordinary medical expenses (special fed
     eral income tax definition); or

o    used to pay medical insurance premiums for unemployed indi
     viduals (special federal income tax definition); or

o    used to pay certain first-time home buyer expenses (special fed
     eral income tax definition; $10,000 lifetime total limit for these
     distributions from all your traditional and Roth IRAs); or

o    used to pay certain higher education expenses (special federal
     income tax definition); or


o    in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy) or over the joint
     lives of you and your beneficiary (or your joint life expectancies using
     an IRS-approved distribution method). We do not anticipate that Guaranteed
     annual payments made under the Guaranteed withdrawal benefit for life's
     Maximum or Customized payment plan or taken as partial withdrawals will
     qualify for this exception if made before age 59-1/2.


To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments
using your choice of IRS-approved methods we offer. Although substantially
equal withdrawals and Income Manager(SM) payments are not subject to the 10%
penalty tax, they are taxable as discussed in "Withdrawals, payments and
transfers of funds out of traditional IRAs" above. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under this option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.

70  TAX INFORMATION



ROTH INDIVIDUAL RETIREMENT ANNUITIES (ROTH IRAS)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Accumulator(R) Select(SM) Roth Conversion IRA contract is designed to
qualify as a Roth individual retirement annuity under Sections 408A(b) and
408(b) of the Internal Revenue Code.

CONTRIBUTIONS TO ROTH IRAS

Individuals may make four different types of contributions to a Roth IRA:

o    regular after-tax contributions out of earnings; or

o    taxable rollover contributions from traditional IRAs ("conversion"
     contributions); or

o    tax-free rollover contributions from other Roth arrangements; or

o    tax-free direct custodian-to-custodian transfers from other Roth
     IRAs ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth Conversion IRA contract. See "Rollovers and direct transfers" later in
this section. If you use the forms we require, we will also accept traditional
IRA funds which are subsequently recharacterized as Roth IRA funds following
special federal income tax rules.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

REGULAR CONTRIBUTIONS TO ROTH IRAS

LIMITS ON REGULAR CONTRIBUTIONS. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability
to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007, and
later years.


With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
exceeds the following amounts (indexed for cost of living adjustment beginning
in 2007):



o    your federal income tax filing status is "married filing jointly" and
     your modified adjusted gross income is over $160,000 (for 2007, $166,000
     after adjustment); or



o    your federal income tax filing status is "single" and your modified
     adjusted gross income is over $110,000 (for 2007, $114,000 after
     adjustment).


However, you can make regular Roth IRA contributions in reduced amounts when:


o    your federal income tax filing status is "married filing jointly" and
     your modified adjusted gross income is between $150,000 and $160,000 (for
     2007, between $156,000 and $166,000 after adjustment); or



o    your federal income tax filing status is "single" and your modified
     adjusted gross income is between $95,000 and $110,000 (for 2007, between
     $99,000 and $114,000 after adjustment).


If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

WHEN YOU CAN MAKE CONTRIBUTIONS. Same as traditional IRAs.

DEDUCTIBILITY OF CONTRIBUTIONS. Roth IRA contributions are not tax deductible.

ROLLOVERS AND DIRECT TRANSFERS

WHAT IS THE DIFFERENCE BETWEEN ROLLOVER AND DIRECT TRANSFER TRANSACTIONS?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o    another Roth IRA ("tax-free rollover contribution");

o    a "designated Roth contribution account" under a 401(k) plan or
     a 403(b) arrangement;

o    another traditional IRA, including a SEP-IRA or SIMPLE IRA (after
     a two-year rollover limitation period for SIMPLE IRA funds), in a taxable
     conversion rollover ("conversion contribution");

o    you may not make contributions to a Roth IRA from a qualified
     plan under section 401(a) of the Internal Revenue Code, a TSA under
     section 403(b) of the Internal Revenue Code or any other

                                                             TAX INFORMATION  71



     eligible retirement plan until 2008. You may make rollover contributions
     from a "designated Roth contribution account" under a 401(k) plan or a
     403(b) arrangement which permits designated Roth elective deferral
     contributions to be made, beginning in 2006.

You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

CONVERSION CONTRIBUTIONS TO ROTH IRAS

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
calculated without the gross income stemming from the traditional IRA
conversion. Modified adjusted gross income for this purpose excludes any
lifetime required minimum distribution from a traditional IRA.) You also cannot
make conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

RECHARACTERIZATIONS

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

HOW TO RECHARACTERIZE. To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

72  TAX INFORMATION



The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

WITHDRAWALS, PAYMENTS AND TRANSFERS OF FUNDS OUT OF ROTH IRAS

NO FEDERAL INCOME TAX LAW RESTRICTIONS ON WITHDRAWALS. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

DISTRIBUTIONS FROM ROTH IRAS

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o    rollovers from a Roth IRA to another Roth IRA;

o    direct transfers from a Roth IRA to another Roth IRA;

o    qualified distributions from a Roth IRA; and

o    return of excess contributions or amounts recharacterized to a
     traditional IRA.

QUALIFIED DISTRIBUTIONS FROM ROTH IRAS. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o    you are age 59-1/2 or older; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    your distribution is a "qualified first-time homebuyer distribution"
     (special federal income tax definition; $10,000 lifetime total limit for
     these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

NONQUALIFIED DISTRIBUTIONS FROM ROTH IRAS. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1) Regular contributions.

(2) Conversion contributions, on a first-in-first-out basis (generally, total
    conversions from the earliest year first). These conversion contributions
    are taken into account as follows:

      (a) Taxable portion (the amount required to be included in gross income
          because of conversion) first, and then the

      (b) Nontaxable portion.

(3) Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped together as follows:

(1) All distributions made during the year from all Roth IRAs you maintain --
    with any custodian or issuer -- are added together.

(2) All regular contributions made during and for the year (contribu tions made
    after the close of the year, but before the due date of your return) are
    added together. This total is added to the total undistributed regular
    contributions made in prior years.

(3) All conversion contributions made during the year are added together. For
    purposes of the ordering rules, in the case of any conversion in which the
    conversion distribution is made in 2007 and the conversion contribution is
    made in 2008, the conversion contribution is treated as contributed prior to
    other conversion contributions made in 2008.

Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

REQUIRED MINIMUM DISTRIBUTIONS DURING LIFE

Lifetime required minimum distributions do not apply.

REQUIRED MINIMUM DISTRIBUTIONS AT DEATH

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

                                                             TAX INFORMATION  73



BORROWING AND LOANS ARE PROHIBITED TRANSACTIONS

Same as traditional IRA.

EXCESS CONTRIBUTIONS

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

EARLY DISTRIBUTION PENALTY TAX

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

GENERAL

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004 the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Code or a
custodial account which invests only in mutual funds and which is treated as an
annuity contract under Section 403(b)(7) of the Code. Both types of 403(b)
arrangements qualify for tax deferral.

EARNINGS ENHANCEMENT BENEFIT

The Earnings enhancement benefit is offered for Rollover TSA contracts, subject
to state and contract availability. There is a limit to the amount of life
insurance benefits that TSAs may offer. Although we view the optional Earnings
enhancement benefit as an investment protection feature which should have no
adverse tax effect and not as a life insurance benefit, the IRS has not
specifically addressed this question. It is possible that the IRS could take a
contrary position regarding tax qualification or assert that the Earnings
enhancement benefit rider is not a permissible part of a TSA contract. If the
IRS were to take the position that the optional Earnings enhancement benefit is
not part of the contract, in such a case, the charges for the Earnings
enhancement benefit rider could be treated for federal income tax purposes as a
partial withdrawal from the contract. If this were so, such a deemed withdrawal
could affect the tax qualification of the TSA and could be taxable. Were the
IRS to take any adverse position, AXA Equitable would take all reasonable steps
to attempt to avoid any adverse result, which would include amending the
contract (with appropriate notice to you). You should discuss with your tax
adviser whether you should consider purchasing an Accumulator(R) Select(SM)
Rollover TSA contract with the optional Earnings enhancement benefit.

CONTRIBUTIONS TO TSAS

There are two ways you can make contributions to establish this Accumulator(R)
Select(SM) Rollover TSA contract:

o   a full or partial direct transfer of assets ("direct transfer") from another
    contract or arrangement that meets the requirements of Section 403(b) of the
    Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o   a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax contribution rollovers to the Accumulator(R)
Select(SM) TSA. We do not accept "designated Roth contributions" rolled over
from a 401(k) plan or a 403(b) arrangement or directly transferred from another
403(b) arrangement.

EMPLOYER-REMITTED CONTRIBUTIONS. The Accumulator(R) Select(SM) Rollover TSA
contract does not accept employer-remitted contributions. However, we provide
the following discussion as part of our description of restrictions on the
distribution of funds directly transferred, which include employer-remitted
contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contributions as
"designated Roth contributions" to the 403(b) arrangement which are made on an
after-tax basis. However, a TSA can also be wholly or partially funded through
nonelective employer contributions or other after-tax employee contributions.
Amounts attributable to salary reduction contributions to TSAs are generally
subject to withdrawal restrictions. Also, all amounts attributable to
investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

ROLLOVER OR DIRECT TRANSFER CONTRIBUTIONS. Once you establish your Rollover TSA
with 403(b)-source funds, you may make subsequent rollover contributions to
your Rollover TSA contract from these sources:

74  TAX INFORMATION



qualified plans, governmental employer 457(b) plans and traditional IRAs, as
well as other TSAs and 403(b) arrangements. All rollover contributions must be
pre-tax funds only with appropriate documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o    termination of employment with the employer who provided the
     funds for the plan; or

o    reaching age 59-1/2 even if you are still employed; or

o    disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o    you give us acceptable written documentation as to the source of
     the funds; and

o    the Accumulator(R) Select(SM) contract receiving the funds has provi
     sions at least as restrictive as the source contract.

Before you transfer funds to an Accumulator(R) Select(SM) Rollover TSA contract,
you may have to obtain your employer's authorization or demonstrate that you do
not need employer authorization. For example, the transferring TSA may be
subject to Title I of ERISA, if the employer makes matching contributions to
salary reduction contributions made by employees. In that case, the employer
must continue to approve distributions from the plan or contract.

Your contribution to the Accumulator(R) Select(SM) TSA must be net of the
required minimum distribution for the tax year in which we issue the contract
if:

o    you are or will be at least age 70-1/2 in the current calendar year,
     and

o    you have retired from service with the employer who provided the
     funds to purchase the TSA you are transferring or rolling over to the
     Accumulator(R) Select(SM) Rollover TSA.

This rule applies regardless of whether the source of funds is a:

o    rollover by check of the proceeds from another TSA or eligible
     retirement plan; or

o    direct rollover from another TSA or eligible retirement plan; or

o    direct transfer under Revenue Ruling 90-24 from another TSA.

DISTRIBUTIONS FROM TSAS

GENERAL. Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a loan or
withdrawal. Your employer will tell us this when you establish the TSA through
a direct transfer.

WITHDRAWAL RESTRICTIONS. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o    you are severed from employment with the employer who provided the funds to
     purchase the TSA you are transferring to the Accumulator(R) Select(SM)
     Rollover TSA; or

o    you reach age 59-1/2; or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    you take a hardship withdrawal (special federal income tax defi
     nition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to salary reduction contributions to a TSA annuity contract and
earnings. To take advantage of this grandfathering you must properly notify us
in writing at our processing office of your December 31, 1988, account balance
if you have qualifying amounts transferred to your TSA contract.

TAX TREATMENT OF DISTRIBUTIONS. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

                                                             TAX INFORMATION  75



If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

DISTRIBUTIONS BEFORE ANNUITY PAYMENTS BEGIN. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

ANNUITY PAYMENTS. Guaranteed annual payments that are continued after your
account value goes to zero under a supplementary life annuity contract, as
discussed under "Guaranteed withdrawal benefit for life ("GWBL") in "Contract
features and benefits" earlier in this Prospectus, as well as GMIB and other
annuitization payments that are based on the annuitant's life or life
expectancy, are considered annuity payments for tax purposes. If you elect an
annuity payout option, you will recover any investment in the contract as each
payment is received by dividing the investment in the contract by an expected
return determined under an IRS table prescribed for qualified annuities. The
amount of each payment not excluded from income under this exclusion ratio is
fully taxable. The full amount of the payments received after your investment
in the contract is recovered is fully taxable. If you (and your beneficiary
under a joint and survivor annuity) die before recovering the full investment
in the contract, a deduction is allowed on your (or your beneficiary's) final
tax return.

PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

LOANS FROM TSAS. You may take loans from a TSA unless restricted by the
employer (for example, under an employer plan subject to ERISA). If you cannot
take a loan, or cannot take a loan without approval from the employer who
provided the funds, we will have this information in our records based on what
you and the employer who provided the TSA funds told us when you purchased your
contract.

Loans are generally not treated as a taxable distribution. If the amount of the
loan exceeds permissible limits under federal income tax rules when made, the
amount of the excess is treated (solely for tax purposes) as a taxable
distribution. Additionally, if the loan is not repaid at least quarterly,
amortizing (paying down) interest and principal, the amount not repaid when due
will be treated as a taxable distribution. The entire unpaid balance of the
loan is includable in income in the year of the default.

TSA loans are subject to federal income tax limits and may also be subject to
the limits of the plan from which the funds came. Federal income tax rule
requirements apply even if the plan is not subject to ERISA. For example, loans
offered by TSAs are subject to the following conditions:

o    The amount of a loan to a participant, when combined with all
     other loans to the participant from all qualified plans of the employer,
     cannot exceed the lesser of:

(1)  the greater of $10,000 or 50% of the participant's nonforfeitable accrued
     benefits; and

(2)  $50,000 reduced by the excess (if any) of the highest outstand ing loan
     balance over the previous twelve months over the outstanding loan balance
     of plan loans on the date the loan was made.

o    In general, the term of the loan cannot exceed five years unless
     the loan is used to acquire the participant's primary residence.
     Accumulator(R) Select(SM) Rollover TSA contracts have a term limit of 10
     years for loans used to acquire the participant's primary residence.

o    All principal and interest must be amortized in substantially level
     payments over the term of the loan, with payments being made at least
     quarterly. In very limited circumstances, the repayment obligation may be
     temporarily suspended during a leave of absence.

The amount borrowed and not repaid may be treated as a distribution if:

o    the loan does not qualify under the conditions above;

o    the participant fails to repay the interest or principal when due; or

o    in some instances, the participant separates from service with the
     employer who provided the funds or the plan is terminated.


In this case, the participant may have to include the unpaid amount due as
ordinary income. In addition, the 10% early distribution penalty tax may apply.
The amount of the unpaid loan balance is reported to the IRS on Form 1099-R as
a distribution. For purposes of calculating any subsequent loans which may be
made under any plan of the same employer a defaulted loan which has not been
fully repaid is treated as still outstanding, even after the default is
reported to the IRS on Form 1099-R. The amount treated as still outstanding
(which limits subsequent loans) includes interest accruing on the unpaid
balance.


See Appendix VI later in this Prospectus for any state rules that may affect
loans from a Rollover TSA contract.

TAX-DEFERRED ROLLOVERS AND DIRECT TRANSFERS. You may roll over any "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred.

You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may

76  TAX INFORMATION



also roll over death benefits as above. Beginning in 2007, a non-spousal death
beneficiary may also be able to make rollover contributions to an individual
retirement plan under certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.

REQUIRED MINIMUM DISTRIBUTIONS

Generally the same as traditional IRA with these differences:

WHEN YOU HAVE TO TAKE THE FIRST REQUIRED MINIMUM DISTRIBUTION.
The minimum distribution rules force TSA participants to start calculating and
taking annual distributions from their TSAs by a required date. Generally, you
must take the first required minimum distribution for the calendar year in
which you turn age 70-1/2. You may be able to delay the start of required
minimum distributions for all or part of your account balance until after age
70-1/2, as follows:

o    For TSA participants who have not retired from service with the
     employer who provided the funds for the TSA by the calendar year the
     participant turns age 70-1/2, the required beginning date for minimum
     distributions is extended to April 1 following the calendar year of
     retirement.

o    TSA plan participants may also delay the start of required mini
     mum distributions to age 75 of the portion of their account value
     attributable to their December 31, 1986, TSA account balance, even if
     retired at age 70-1/2. We will know whether or not you qualify for this
     exception because it will only apply to people who establish their
     Accumulator(R) Select(SM) Rollover TSA by direct Revenue Ruling 90-24
     transfers. If you do not give us the amount of your December 31, 1986,
     account balance that is being transferred to the Accumulator(R) Select(SM)
     Rollover TSA on the form used to establish the TSA, you do not qualify.

SPOUSAL CONSENT RULES

This will only apply to you if you establish your Accumulator(R) Select(SM)
Rollover TSA by direct Revenue Ruling 90-24 transfer. Your employer will tell
us on the form used to establish the TSA whether or not you need to get spousal
consent for loans, withdrawals or other distributions. If you do, you will need
such consent if you are married when you request a withdrawal under the TSA
contract. In addition, unless you elect otherwise with the written consent of
your spouse, the retirement benefits payable under the plan must be paid in the
form of a qualified joint and survivor annuity. A qualified joint and survivor
annuity is payable for the life of the annuitant with a survivor annuity for
the life of the spouse in an amount not less than one-half of the amount
payable to the annuitant during his or her lifetime. In addition, if you are
married, the beneficiary must be your spouse, unless your spouse consents in
writing to the designation of another beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.

EARLY DISTRIBUTION PENALTY TAX

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    to pay for certain extraordinary medical expenses (special federal
     income tax definition); or

o    in any form of payout after you have separated from service (only
     if the separation occurs during or after the calendar year you reach age
     55); or

o    in a payout in the form of substantially equal periodic payments
     made at least annually over your life (or your life expectancy), or over
     the joint lives of you and your beneficiary (or your joint life
     expectancies) using an IRS-approved distribution method (only after you
     have separated from service at any age). We do not anticipate that
     Guaranteed annual payments made under the Guaranteed withdrawal benefit
     for life's Maximum or Customized payment plan or taken as lump sums will
     qualify for this exception if made before age 59-1/2.

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o    We might have to withhold and/or report on amounts we pay
     under a free look or cancellation.

                                                             TAX INFORMATION  77



o    We are generally required to withhold on conversion rollovers of o
     traditional IRAs to Roth IRAs, as it is considered a withdrawal from the
     traditional IRA and is taxable.

o    We are required to withhold on the gross amount of a distribu
     tion from a Roth IRA to the extent it is reasonable for us to believe that
     a distribution is includable in your gross income. This may result in tax
     being withheld even though the Roth IRA distribution is ultimately not
     taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However we may require additional documentation in the case of
payments made to non United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.

FEDERAL INCOME TAX WITHHOLDING ON PERIODIC ANNUITY PAYMENTS

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at anytime.


FEDERAL INCOME TAX WITHHOLDING ON NON-PERIODIC ANNUITY PAYMENTS (WITHDRAWALS)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

MANDATORY WITHHOLDING FROM TSA AND QUALIFIED PLAN DISTRIBUTIONS

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o    any distributions which are required minimum distributions after
     age 70-1/2 or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    a death benefit payment to a beneficiary who is not your surviving spouse;
     or

o    a qualified domestic relations order distribution to a beneficiary
     who is not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

78  TAX INFORMATION



8. More information

- --------------------------------------------------------------------------------

ABOUT OUR SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account's operations are accounted
for without regard to AXA Equitable's other operations. The amount of some of
our obligations under the contracts is based on the assets in Separate Account
No. 49. However, the obligations themselves are obligations of AXA Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although the Separate Account No. 49 is registered, the SEC
does not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within Separate Account No. 49
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from the Separate Account or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate the Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against the Separate Account or
     a variable investment option directly);

(5)  to deregister the Separate Account under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Account;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.
The Trusts do not impose sales charges or "loads" for buying and selling its
shares. All dividends and other distributions on Trust shares are reinvested in
full. The Board of Trustees of the Trusts may establish additional portfolios
or eliminate existing portfolios at any time. More detailed information about
each Trust, its portfolio investment objectives, policies, restrictions, risks,
expenses, its Rule 12b-1 Plan and other aspects of its operations, appears in
the prospectuses for each Trust which generally accompany this Prospectus, or
in their respective SAIs which are available upon request.

ABOUT OUR FIXED MATURITY OPTIONS

RATES TO MATURITY AND PRICE PER $100 OF MATURITY VALUE

We can determine the amount required to be allocated to one or more fixed
maturity options in order to produce specified maturity values. For example, we
can tell you how much you need to allocate per $100 of maturity value.

FMO rates are determined daily. The rates in the table below are illustrative
only and will most likely differ from the rates applicable at time of purchase.
Current FMO rates can be obtained from your financial professional.


The rates to maturity for new allocations as of February 15, 2007 and the
related price per $100 of maturity value were as shown below:



- --------------------------------------------------------------------------------
  Fixed Maturity
   Options with
   February 15th        Rate to            Price
 Maturity Date of     Maturity as of     Per $100 of
   Maturity Year    February 15, 2007   Maturity Value
- --------------------------------------------------------------------------------
        2008              3.30%             $ 96.81
        2009              3.34%             $ 93.63
        2010              3.39%             $ 90.47
        2011              3.48%             $ 87.20
        2012              3.58%             $ 83.86
        2013              3.65%             $ 80.63
        2014              3.72%             $ 77.42
        2015              3.76%             $ 74.42
        2016              3.84%             $ 71.22
        2017              3.89%             $ 68.25
- --------------------------------------------------------------------------------



                                                            More information  79



HOW WE DETERMINE THE MARKET VALUE ADJUSTMENT


We use the following procedure to calculate the market value adjustment
(positive or negative) we make if you withdraw all of your value from a fixed
maturity option before its maturity date.


(1)  We determine the market adjusted amount on the date of the withdrawal as
     follows:

     (a) We determine the fixed maturity amount that would be payable on the
         maturity date, using the rate to maturity for the fixed maturity
         option.

     (b) We determine the period remaining in your fixed maturity option (based
         on the withdrawal date) and convert it to fractional years based on a
         365-day year. For example, three years and 12 days becomes 3.0329.

     (c) We determine the current rate to maturity for your FMO based on the
         rate for a new FMO issued on the same date and having the same maturity
         date as your FMO; if the same maturity date is not available for new
         FMOs, we determine a rate that is between the rates for new FMO
         maturities that immediately precede and immediately follow your FMOs
         maturity date.

     (d) We determine the present value of the fixed maturity amount payable at
         the maturity date, using the period determined in (b) and the rate
         determined in (c).

(2)  We determine the fixed maturity amount as of the current date.

(3)  We subtract (2) from the result in (1)(d). The result is the market value
     adjustment applicable to such fixed maturity option, which may be positive
     or negative.

If you withdraw only a portion of the amount in a fixed maturity option, the
market value adjustment will be a percentage of the market value adjustment
that would have applied if you had withdrawn the entire value in that fixed
maturity option. This percentage is equal to the percentage of the value in the
fixed maturity option that you are withdrawing. See Appendix II at the end of
this Prospectus for an example.

For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) above would
apply, we will use the rate at the next closest maturity date. If we are no
longer offering new fixed maturity option, the "current rate to maturity" will
be determined by using a widely-published Index. We reserve the right to add up
to 0.25% to the current rate in (1)(c) above for purposes of calculating the
market value adjustment only.

INVESTMENTS UNDER THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. Under New York
Insurance Law, the portion of the separate account's assets equal to the
reserves and other contract liabilities relating to the contracts are not
chargeable with liabilities from any other business we may conduct. We own the
assets of the separate account, as well as any favorable investment performance
on those assets. You do not participate in the performance of the assets held
in this separate account. We may, subject to state law that applies, transfer
all assets allocated to the separate account to our general account. We
guarantee all benefits relating to your value in the fixed maturity options,
regardless of whether assets supporting fixed maturity options are held in a
separate account or our general account.

We expect the rates to maturity for the fixed maturity options to be influenced
by, but not necessarily correspond to, among other things, the yields that we
can expect to realize on the separate account's investments from time to time.
Our current plans are to invest in fixed-income obligations, including
corporate bonds, mortgage-backed and asset-backed securities, and government
and agency issues having durations in the aggregate consistent with those of
the fixed maturity options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options under the
contracts, we are not obligated to invest those assets according to any
particular plan except as we may be required to by state insurance laws. We
will not determine the rates to maturity we establish by the performance of the
nonunitized separate account.

ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the guaranteed interest option and fixed maturity
options, as well as our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such

80  MORE INFORMATION



transmittals must be accompanied by information we require to allocate your
contribution. Wire orders not accompanied by complete information may be
retained as described under "How you can make your contributions" under
"Contract features and benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.

AUTOMATIC INVESTMENT PROGRAM -- FOR NQ CONTRACTS ONLY


You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ contract on a monthly or quarterly basis. AIP is not available for
Rollover IRA, Roth Conversion IRA or Inherited IRA Beneficiary continuation
(traditional IRA or Roth IRA), Rollover TSA contracts. Please see Appendix VI
later in this Prospectus to see if the automatic investment program is
available in your state.


The minimum amounts we will deduct are $100 monthly and $300 quarterly. AIP
additional contributions may be allocated to any of the variable investment
options and available fixed maturity options. You choose the day of the month
you wish to have your account debited. However, you may not choose a date later
than the 28th day of the month.

For contracts with GWBL, AIP will be automatically terminated after the later
of : (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken. For contracts with PGB, AIP will be automatically
terminated at the end of the first six months.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT
EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o   If your contribution, transfer or any other transaction request, containing
    all the required information, reaches us on a non-business day or after 4:00
    p.m. on a business day, we will use the next business day.

o   A loan request under your Rollover TSA contract will be processed on the
    first business day of the month following the date on which the properly
    completed loan request form is received.

o   If your transaction is set to occur on the same day of the month as the
    contract date and that date is the 29th, 30th or 31st of the month, then the
    transaction will occur on the 1st day of the next month.

o   When a charge is to be deducted on a contract date anniversary that is a
    non-business day, we will deduct the charge on the next business day.


o   If we have entered into an agreement with your broker-dealer for automated
    processing of contributions upon receipt of customer order, your
    contribution will be considered received at the time your broker-dealer
    receives your contribution and all information needed to process your
    application, along with any required documents, and transmits your order to
    us in accordance with our processing procedures. Such arrangements may apply
    to initial contributions, subsequent contributions, or both, and may be
    commenced or terminated at any time without prior notice. If required by
    law, the "closing time" for such orders will be earlier than 4:00 p.m.,
    Eastern Time.


CONTRIBUTIONS AND TRANSFERS


o   Contributions allocated to the variable investment options are invested at
    the unit value next determined after the receipt of the contribution.


                                                            MORE INFORMATION  81



o   Contributions allocated to the guaranteed interest option will receive the
    crediting rate in effect on that business day for the specified time period.

o   Contributions allocated to a fixed maturity option will receive the rate to
    maturity in effect for that fixed maturity option on that business day
    (unless a rate lock-in is applicable).


o   Transfers to or from variable investment options will be made at the unit
    value next determined after the receipt of the transfer request.


o   Transfers to a fixed maturity option will be based on the rate to maturity
    in effect for that fixed maturity option on the business day of the
    transfer.

o   Transfers to the guaranteed interest option will receive the crediting rate
    in effect on that business day for the specified time period.

o   For the interest sweep option, the first monthly transfer will occur on the
    last business day of the month following the month that we receive your
    election form at our processing office.

ABOUT YOUR VOTING RIGHTS

As the owner of the shares of the Trusts we have the right to vote on certain
matters involving the portfolios, such as:

o   the election of trustees; or

o   the formal approval of independent public accounting firms selected for each
    Trust; or

o   any other matters described in each prospectus for the Trusts or requiring a
    shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's variable annuity and/or life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.

CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distributions of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
written notification of any change at our processing office. You cannot assign
your NQ contract as collateral or security for a loan. Loans are also not
available under your NQ contract. In some cases, an assignment or change of
ownership may have adverse tax consequences. See "Tax information" earlier in
this Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, the
Earnings enhancement benefit, a PGB, and/or the Guaranteed withdrawal for life
("Benefit"), generally the Benefit will automatically terminate if you change
ownership of the contract or if you assign the owner's right to change the
beneficiary or person to whom annuity payments will be made. However, the
Benefit will not terminate if the ownership of the contract is transferred from
a non-natural owner to an individual but the contract will continue to be based
on the annuitant's life. Please speak with your financial professional for
further information. See Appendix VI later in this Prospectus for any state
variations with regard to terminating any benefits under your contract.

82  MORE INFORMATION




You cannot assign or transfer ownership of Rollover IRA, Roth Conversion IRA or
Rollover TSA contract except by surrender to us. If your individual retirement
annuity contract is held in your custodial individual retirement account, you
may only assign or transfer ownership of such an IRA contract to yourself.
Loans are not available (except for Rollover TSA contracts) and you cannot
assign Rollover IRA, Roth Conversion IRA or Rollover TSA contracts as security
for a loan or other obligation. If the employer that provided the funds does
not restrict them, loans are available under a Rollover TSA contract.

For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your Rollover IRA, Roth
Conversion IRA or Rollover TSA contract to another similar arrangement under
federal income tax rules.

ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of
disruptive transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in combination with ongoing
annual compensation of up to 1.00% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 2.00% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) Select(SM) on a company and/or
product list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Sell-


                                                           MORE INFORMATION   83




ing broker-dealers in connection with the initiation of a new relationship or
the introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.


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9. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------


AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This Prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


                             INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE  85



Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.70%.


UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION.



- ---------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                        -------------------------------------------------------------
                                                                 2006        2005        2004        2003        2002
- ---------------------------------------------------------------------------------------------------------------------
                                                                                              
 AXA Aggressive Allocation
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.43     $ 12.45     $ 11.72     $ 10.66          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,109       1,519         656          32          --
- ---------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.31     $ 10.82     $ 10.74     $ 10.30          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,800       1,000         281           1          --
- ---------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.96     $ 11.19     $ 11.02     $ 10.41          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,022       2,176         414          84          --
- ---------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  46.21     $ 42.61     $ 41.36     $ 38.70     $ 33.05
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,325       1,725         893         383          86
- ---------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.82     $ 12.28     $ 11.71     $ 10.66          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      14,705       6,917       2,788          46          --
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  55.37     $ 53.59     $ 50.38     $ 45.72     $ 33.82
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          47          25          28          10           4
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.30     $ 11.08     $ 11.07     $ 10.84     $ 10.63
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,030       1,611       1,424       1,202         628
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.87     $ 11.49     $ 10.93     $  9.91     $  7.87
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         400         338         284         143          57
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  30.26     $ 28.00     $ 27.64     $ 25.87     $ 21.48
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         758         755         771         557         125
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  16.64     $ 13.51     $ 11.90     $ 10.27     $  7.78
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,030         783         806         360         135
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.11     $ 10.85     $ 10.34     $  9.59     $  7.61
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         453         353         272         238         104
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   9.47     $  9.62     $  9.10     $  8.68     $  6.76
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,014         980         876         792         408
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.10     $ 12.02     $ 11.42     $ 10.15     $  7.88
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,363       1,238       1,242         726         316
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  10.74     $  9.96     $  9.35     $  8.52     $  6.18
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,035       1,075       1,055         731         292
- ---------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.68     $ 12.13     $ 11.49     $ 10.15     $  7.34
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1010         876       1,011         560         206
- ---------------------------------------------------------------------------------------------------------------------



A-1 APPENDIX I: CONDENSED FINANCIAL INFORMATION



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION. (CONTINUED)



- ---------------------------------------------------------------------------------------------------------------------
                                                                       For the years ending December 31,
                                                         ------------------------------------------------------------
                                                                 2006       2005       2004       2003       2002
- ---------------------------------------------------------------------------------------------------------------------
                                                                                          
 AXA Premier VIP Technology
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.41   $   9.87   $   9.02   $   8.74   $   5.64
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         350        311        306         98         14
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $239.37   $ 219.99   $ 214.55   $ 191.26   $ 130.09
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          73         73         64         29          9
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 32.85   $  28.19   $  27.18   $  24.60   $  19.19
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         563        618        549        371        133
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.92   $  17.67   $  17.76   $  17.72   $  17.65
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         376        481        416        458        259
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.67   $  14.55   $  12.84   $  11.05   $   8.32
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,508      1,037        649        530        142
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.80   $   6.96   $   6.16   $   5.78   $   4.77
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,042      1,055        981        856        341
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 15.63   $  15.31   $  15.27   $  14.97   $  14.71
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         590        573        555        512        198
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.56   $  16.39   $  14.95   $  13.34   $   9.63
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         462        372        312        478        121
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.38   $  14.57   $  14.06   $  12.60   $   9.96
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,507      2,363      2,169      1,481        530
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.31   $  10.35         --         --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         123         40         --         --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/AXA Rosenberg Value Long/Short Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.91   $  10.94         --         --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         429        784         --         --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.59   $   5.78   $   5.54         --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         504        326         15         --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  8.81   $   8.51   $   7.96   $   7.82   $   6.22
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         353        314        204        249         42
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.67   $  12.00   $  11.62   $  11.20   $   9.19
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,484        351        160        164         40
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.13   $  12.06   $  10.47   $   9.38   $   7.19
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,208      2,337      1,926      1,026        282
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.72   $  11.55   $  11.08   $  10.16   $   7.86
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,393      1,585      1,200        776        200
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.24   $  11.33   $  10.87   $  10.12   $   7.55
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,611      2,349      2,037      1,222        345
- ---------------------------------------------------------------------------------------------------------------------



                                 APPENDIX I: CONDENSED FINANCIAL INFORMATION A-2



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION. (CONTINUED)



- ---------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                        -------------------------------------------------------------
                                                                 2006        2005        2004        2003        2002
- ---------------------------------------------------------------------------------------------------------------------
                                                                                             
 EQ/Caywood-Scholl High Yield Bond
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.01     $ 10.37          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         225          81          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.84          --          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         216          --          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 28.64     $ 25.31     $ 24.66     $ 22.76     $ 18.11
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,418       1,604       1,386       1,074         399
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.90     $  9.74          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         185           8          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  8.67     $  8.33     $  8.15     $  7.75     $  5.70
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         215         280         377         218          32
- ---------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.57     $ 11.47     $ 10.97     $  9.62     $  6.81
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,890       1,556       1,391         883         285
- ---------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.96     $ 15.34     $ 14.02     $ 12.10     $  9.24
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,156       1,107       1,007         636         237
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.42          --          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         368          --          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.81          --          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          38          --          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.56     $ 10.48          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         193          77          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 25.76     $ 22.05     $ 21.50          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         233          79           9          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.17     $ 11.47          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         269          56          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.22     $  6.26     $  5.93     $  5.38     $  4.35
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         886         788          70         561         192
- ---------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
  Unit value                                                  $ 13.88     $ 13.57     $ 13.50     $ 13.20     $ 12.99
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,477       1,527       1,343       1,175         441
- ---------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 15.53     $ 13.12     $ 12.84     $ 11.78     $  9.45
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         351         347         370         307         128
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.17     $ 10.63          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         532         144          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.98     $  9.98          --          --          --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         135         173          --          --          --
- ---------------------------------------------------------------------------------------------------------------------



A-3 APPENDIX I: CONDENSED FINANCIAL INFORMATION



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION. (CONTINUED)



- ---------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending December 31,
                                                        -------------------------------------------------------------
                                                                 2006        2005        2004        2003       2002
- ---------------------------------------------------------------------------------------------------------------------
                                                                                             
 EQ/Lord Abbett Growth and Income
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.18     $ 10.57          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         308          83          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.67     $ 10.54          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         196          84          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.29     $ 11.12          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         591         290          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.13     $ 15.01     $ 13.79     $ 12.69    $  9.85
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,714       2,354       1,938       1,510        386
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 23.37     $ 19.66     $ 19.43     $ 17.87    $ 13.86
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         856         849         802         502        184
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 22.13     $ 17.91     $ 16.44     $ 13.75    $ 10.92
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1052         782         522         441        161
- ---------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.58     $ 13.76     $ 12.84     $ 11.60    $  9.12
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         192         184         149          93         38
- ---------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.28     $  9.26     $  8.79     $  8.03    $  6.69
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         510         603         610         598        229
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 26.86     $ 26.15     $ 25.92     $ 26.17    $ 26.47
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1102         845         349         434        630
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  4.77     $  4.49     $  4.34          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          83          72          22          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.70          --          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         258          --          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.08          --          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          83          --          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.92          --          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          20          --          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.09          --          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          19          --          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.78     $  9.91          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         730         286          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.17     $  9.96          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         202          60          --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 19.05     $ 16.69     $ 16.22     $ 14.09    $ 10.43
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1201         991         884         641        270
- ---------------------------------------------------------------------------------------------------------------------



                                 APPENDIX I: CONDENSED FINANCIAL INFORMATION A-4



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION. (CONTINUED)



- ---------------------------------------------------------------------------------------------------------------------
                                                                       For the years ending December 31,
                                                          -----------------------------------------------------------
                                                                2006       2005       2004        2003       2002
- ---------------------------------------------------------------------------------------------------------------------
                                                                                          
 EQ/Small Company Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 8.54    $  7.89    $  7.46          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        475        242         59          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $16.60    $ 14.35    $ 14.00     $ 12.10     $ 8.44
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        744        596        575         449        122
- ---------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $15.46    $ 16.39    $ 16.03          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         47         41          6          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $10.75         --         --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        178         --         --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 6.07    $  5.41    $  5.05          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        104         69         --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $11.85    $ 10.40         --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        602        296         --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $18.23    $ 13.53    $ 10.37     $  8.53     $ 5.56
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1239        755        609         457         69
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $13.26    $ 12.34         --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        297        179         --          --         --
- ---------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $14.12    $ 11.86    $ 11.36          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        147         --          1          --         --
- ---------------------------------------------------------------------------------------------------------------------
 U.S. Real Estate -- Class II
- ---------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $22.83    $ 16.87         --          --         --
- ---------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        660        410         --          --         --
- ---------------------------------------------------------------------------------------------------------------------



A-5 APPENDIX I: CONDENSED FINANCIAL INFORMATION




Appendix II: Market value adjustment example


- --------------------------------------------------------------------------------


The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, is made four years later on
February 15, 2011(a)





- -------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed
                                                                                 rate to maturity(j)
                                                                                  February 15, 2011
                                                                        -------------------------------
                                                                                    5.00%        9.00%
                                                                                     
- -------------------------------------------------------------------------------------------------------
 As of February 15, 2011 before withdrawal
- -------------------------------------------------------------------------------------------------------
(1) Market adjusted amount(b)                                                   $141,389     $121,737
- -------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                    $131,104     $131,104
- -------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                          $ 10,285     $ (9,367)
    On February 15, 2011 after $50,000 withdrawal
- -------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                               $  3,637     $ (3,847)
- -------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)     $ 46,363     $ 53,847
- -------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                       $ 91,389     $ 71,737
- -------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount:  (2) - (5)                                           $ 84,741     $ 77,257
- -------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                           $111,099     $101,287
- -------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:

 (a)   Number of days from the withdrawal date to the maturity date = D = 1,461

 (b)   Market adjusted amount is based on the following calculation:

          Maturity value               $171,882
          --------------         =     --------       where j is either 5% or 9%
          (1+j)((D/365))            (1+j)((1,461/365))

 (c)      Fixed maturity amount is based on the following calculation:

          Maturity value                     $171,882
          ---------------        =     -------------------
          (1+h)((D/365))               (1+0.07)((1,461/365))

 (d)      Maturity value is based on the following calculation:

          Fixed maturity amount        $84,741 or $77,257
          ---------------------  =     ------------------
          (1+h)((D/365))               (1+0.07)((1,461/365))



                                APPENDIX II: MARKET VALUE ADJUSTMENT EXAMPLE B-1




Appendix III: Enhanced death benefit example


- --------------------------------------------------------------------------------


The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.
The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/AllianceBernstein Intermediate Government Securities, EQ/Money Market,
EQ/Short Duration Bond, the guaranteed interest option or the fixed maturity
options), no additional contributions, no transfers, no withdrawals and no
loans under a Rollover TSA contract, the enhanced death benefit for an owner
age 45 would be calculated as follows:





- -----------------------------------------------------------------------------------------------------
   End of
 contract                        6% Roll-Up to age 85     Annual Ratchet to age 85      GWBL Enhanced
   year        Account value   enhanced death benefit     enhanced death benefit      death benefit
- -----------------------------------------------------------------------------------------------------
                                                                        
     1          $105,000            $  106,000(4)              $  105,000(1)           $  105,000(5)
- -----------------------------------------------------------------------------------------------------
     2          $115,500            $  112,360(3)              $  115,500(1)           $  115,500(5)
- -----------------------------------------------------------------------------------------------------
     3          $129,360            $  119,102(3)              $  129,360(1)           $  129,360(5)
- -----------------------------------------------------------------------------------------------------
     4          $103,488            $  126,248(4)              $  129,360(2)           $  135,828(6)
- -----------------------------------------------------------------------------------------------------
     5          $113,837            $  133,823(4)              $  129,360(2)           $  142,296(6)
- -----------------------------------------------------------------------------------------------------
     6          $127,497            $  141,852(4)              $  129,360(2)           $  148,764(6)
- -----------------------------------------------------------------------------------------------------
     7          $127,497            $  150,363(4)              $  129,360(2)           $  155,232(6)
- -----------------------------------------------------------------------------------------------------




The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.

ANNUAL RATCHET TO AGE 85


(1) At the end of contract years 1 through 3, the enhanced death benefit is the
    current account value.


(2) At the end of contract years 4 through 7, the enhanced death benefit is the
    enhanced death benefit at the end of the prior year since it is equal to or
    higher than the current account value.

GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85

The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or the Annual
Ratchet to age 85.

(3) At the end of contract years 2 and 3, the death benefit will be the current
    account value.

(4) At the end of contract years 1 and 4 through 7, the death benefit will be
    the enhanced death benefit.

GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.

(5) At the end of contract years 1 through 3, the death benefit is the current
    account value.

(6) At the end of contract years 4 through 7, the death benefit is the enhanced
    death benefit.


C-1 APPENDIX III: ENHANCED DEATH BENEFIT EXAMPLE




Appendix IV: Hypothetical illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
                                    BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to Age 85 or Annual Ratchet to age 85"
guaranteed minimum death benefit, the Earnings enhancement benefit and the
Guaranteed minimum income benefit under certain hypothetical circumstances for
an Accumulator(R) Select(SM) contract. The table illustrates the operation of a
contract based on a male, issue age 60, who makes a single $100,000
contribution and takes no withdrawals. The amounts shown are for the beginning
of each contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying Portfolios (as described
below), the corresponding net annual rates of return would be (3.01)%, 2.99%
for the Accumulator(R) Select(SM) contract, at the 0% and 6% gross annual rates,
respectively. These net annual rates of return reflect the trust and separate
account level charges but they do not reflect the charges we deduct from your
account value annually for the optional Guaranteed minimum death benefit, the
Earnings enhancement benefit and the Guaranteed minimum income benefit
features, as well as the annual administrative charge. If the net annual rates
of return did reflect these charges, the net annual rates of return would be
lower; however, the values shown in the following tables reflect the following
contract charges: the Greater of 6% Roll-Up to age 85 or Annual Ratchet to age
85 Guaranteed minimum death benefit charge, the Earnings enhancement benefit
charge, the Guaranteed minimum income benefit charge and any applicable
administrative charge. The values shown under "Lifetime annual guaranteed
minimum income benefit" reflect the lifetime income that would be guaranteed if
the Guaranteed minimum income benefit is selected at that contract date
anniversary. An "N/A" in these columns indicates that the benefit is not
exercisable in that year. A "0" under any of the death benefit and/or "Lifetime
annual guaranteed minimum income benefit" columns indicates that the contract
has terminated due to insufficient account value. However, the Guaranteed
minimum income benefit has been automatically exercised and the owner is
receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.69%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.37% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this Prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.

Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.


                                     APPENDIX IV: HYPOTHETICAL ILLUSTRATIONS D-1




Variable deferred annuity
Accumulator(R) Select(SM)
$100,000 Single contribution and no withdrawals
Male, issue age 60
Benefits:
  Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85 Guaranteed
  minimum death benefit
  Earnings enhancement benefit
  Guaranteed minimum income benefit






                                                        Greater of 6% Roll-
                                                          Up to age 85 or                                Lifetime Annual
                                                         Annual Ratchet to  Total Death Benefit Guaranteed Minimum Income Benefit
                                                         age 85 Guaranteed   with the Earnings  ----------------------------------
                                                           Minimum Death    enhancement benefit   Guaranteed       Hypothetical
                   Account Value         Cash Value           Benefit                               Income            Income
       Contract ------------------- ------------------- ------------------- ------------------- ----------------- ----------------
         Year       0%        6%        0%        6%        0%        6%        0%        6%       0%       6%       0%       6%
 Age  --------- --------- --------- --------- --------- --------- --------- --------- --------- -------- -------- -------- -------
                                                                                    
 60        1     100,000   100,000   100,000   100,000   100,000  100,000    100,000  100,000      N/A     N/A       N/A     N/A
 61        2      95,273   101,252    95,273   101,252   106,000  106,000    108,400  108,400      N/A     N/A       N/A     N/A
 62        3      90,621   102,453    90,621   102,453   112,360  112,360    117,304  117,304      N/A     N/A       N/A     N/A
 63        4      86,037   103,599    86,037   103,599   119,102  119,102    126,742  126,742      N/A     N/A       N/A     N/A
 64        5      81,514   104,682    81,514   104,682   126,248  126,248    136,747  136,747      N/A     N/A       N/A     N/A
 65        6      77,044   105,695    77,044   105,695   133,823  133,823    147,352  147,352      N/A     N/A       N/A     N/A
 66        7      72,619   106,630    72,619   106,630   141,852  141,852    158,593  158,593      N/A     N/A       N/A     N/A
 67        8      68,232   107,479    68,232   107,479   150,363  150,363    170,508  170,508      N/A     N/A       N/A     N/A
 68        9      63,875   108,234    63,875   108,234   159,385  159,385    183,139  183,139      N/A     N/A       N/A     N/A
 69       10      59,539   108,883    59,539   108,883   168,948  168,948    196,527  196,527      N/A     N/A       N/A     N/A
 74       15      37,805   110,181    37,805   110,181   226,090  226,090    276,527  276,527    13,520  13,520    13,520  13,520
 79       20      15,253   106,995    15,253   106,995   302,560  302,560    383,584  383,584    20,272  20,272    20,272  20,272
 84       25           0    97,125         0    97,125         0  404,893          0  493,179         0  32,391         0  32,391
 89       30           0    92,787         0    92,787         0  429,187          0  517,472      N/A     N/A       N/A     N/A
 94       35           0    90,944         0    90,944         0  429,187          0  517,472      N/A     N/A       N/A     N/A
 95       36           0    90,545         0    90,545         0  429,187          0  517,472      N/A     N/A       N/A     N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a policy would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual policy years. We can make no representation that these hypothetical
investment results can be achieved for any one year or continued over any
period of time. In fact, for any given period of time, the investment results
could be negative.

D-2 APPENDIX IV: HYPOTHETICAL ILLUSTRATIONS



Appendix V: Earnings enhancement benefit example

- --------------------------------------------------------------------------------

The following illustrates the calculation of a death benefit that includes
Earnings enhancement benefit for an owner age 45. The example assumes a
contribution of $100,000 and no additional contributions. Where noted, a single
withdrawal in the amount shown is also assumed. The calculation is as follows:


                                                                 No Withdrawal   $3,000 withdrawal   $6,000 withdrawal
    --------------------------------------------------------------------------------------------------------------------
                                                                                         
A   Initial contribution                                            100,000           100,000             100,000
    --------------------------------------------------------------------------------------------------------------------
B   Death benefit: prior to withdrawal.*                            104,000           104,000             104,000
    --------------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit earnings: death
C   benefit less net contributions (prior to the withdrawal in       4,000             4,000               4,000
    D). B minus A.
    --------------------------------------------------------------------------------------------------------------------
D   Withdrawal                                                         0               3,000               6,000
    --------------------------------------------------------------------------------------------------------------------
    Excess of the withdrawal over the Earnings
E   enhancement benefit earnings                                       0                 0                 2,000
    greater of D minus C or zero
    --------------------------------------------------------------------------------------------------------------------
    Net contributions (adjusted for the withdrawal in D)
F   A minus E                                                       100,000           100,000              98,000
    --------------------------------------------------------------------------------------------------------------------
    Death benefit (adjusted for the withdrawal in D)
G   B minus D                                                       104,000           101,000              98,000
    --------------------------------------------------------------------------------------------------------------------
    Death benefit less net contributions
H   G minus F                                                        4,000             1,000                 0
    --------------------------------------------------------------------------------------------------------------------
I   Earnings enhancement benefit factor                               40%               40%                 40%
    --------------------------------------------------------------------------------------------------------------------
    Earnings enhancement benefit
J   H times I                                                        1,600              400                  0
    --------------------------------------------------------------------------------------------------------------------
    Death benefit: including Earnings enhancement benefit
K   G plus J                                                        105,600           101,400              98,000
    --------------------------------------------------------------------------------------------------------------------


*   The death benefit is the greater of the account value or any applicable
    death benefit.

                            APPENDIX V: EARNINGS ENHANCEMENT BENEFIT EXAMPLE E-1



Appendix VI: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where the Accumulator(R)
Select(SM) contract or certain features and/or benefits are either not available
as of the date of this Prospectus or vary from the contract's features and
benefits as previously described in this Prospectus.

STATES WHERE CERTAIN ACCUMULATOR(R) SELECT(SM) FEATURES AND/OR BENEFITS ARE NOT
AVAILABLE OR HAS CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:




- ------------------------------------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                           Availability or Variation
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                          
CALIFORNIA      See "Contract features and benefits"--"Your right to can-       If you reside in the state of California and you are
                cel within a certain number of days"                            age 60 and older at the time the contract is issued,
                                                                                you may return your variable annuity contract within
                                                                                30 days from the date that you receive it and
                                                                                receive a refund as described below.

                                                                                If you allocate your entire initial contribution to
                                                                                the EQ/Money Market option (and/or guaranteed
                                                                                interest option, if available), the amount of your
                                                                                refund will be equal to your contribution less
                                                                                interest, unless you make a trans- fer, in which
                                                                                case the amount of your refund will be equal to your
                                                                                account value on the date we receive your request to
                                                                                cancel at our processing office. This amount could
                                                                                be less than your initial contribution. If the
                                                                                Principal guarantee ben- efit or Guaranteed
                                                                                withdrawal benefit for life is elected, the
                                                                                investment allocation during the 30 day free look
                                                                                period is limited to the guaranteed interest option.
                                                                                If you allocate any portion of your initial
                                                                                contribution to the variable invest- ment options
                                                                                (other than the EQ/Money Market option) and/or fixed
                                                                                maturity options, your refund will be equal to your
                                                                                account value on the date we receive your request to
                                                                                cancel at our processing office.
- ------------------------------------------------------------------------------------------------------------------------------------
MASSACHUSETTS   Effective on or about August 6, 2007, this contract will be     The annual administrative charge will not be
                available to Massachusetts residents with the following         deducted from amounts allocated to the Guaranteed
                variation:                                                      interest option.
                Annual administrative charge
- ------------------------------------------------------------------------------------------------------------------------------------
PENNSYLVANIA    Required disclosure for Pennsylvania customers                  Any person who knowingly and with intent to defraud
                                                                                any insurance company or other person files an
                                                                                application for insurance or statement of claim
                                                                                containing any materially false information or
                                                                                conceals for the purpose of misleading, information
                                                                                concerning any fact material thereto commits a
                                                                                fraudulent insurance act, which is a crime and
                                                                                subjects such person to criminal and civil
                                                                                penalties.
- ------------------------------------------------------------------------------------------------------------------------------------
PUERTO RICO     IRA, Roth IRA, Inherited IRA and Rollover TSA contracts         Not available Not Available
                Beneficiary continuation option (IRA)
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS           See "Annual administrative charge" in "Charges and              The annual administrative charge will be
                expenses"                                                       deducted from the value in the variable investment
                                                                                options on a pro rata basis.
- ------------------------------------------------------------------------------------------------------------------------------------



F-1 APPENDIX VI: STATE CONTRACT AVAILABILITY AND/OR VARIATIONS OF CERTAIN
FEATURES AND BENEFITS






- --------------------------------------------------------------------------------------------------------------
 State        Features and Benefits                                              Availability or Variation
- --------------------------------------------------------------------------------------------------------------
                                                                          
WASHINGTON   Guaranteed interest option                                         Not available

             Investment simplifier -- Fixed-dollar option and Interest          Not available
             sweep option

             Fixed maturity options                                             Not available

             Income Manager(SM) payout option                                   Not available

             Earnings enhancement benefit                                       Not available

             See "Guaranteed minimum death benefit/Guaranteed mini-             Your "Greater of 4% Roll-Up to Age 85 or Annual
             mum income benefit roll-up benefit benefit base reset" in          Ratchet to age 85 enhanced death benefit" benefit
             "Contract features and benefits"                                   base will reset only if your account value is
                                                                                greater than your Guaranteed minimum income benefit
                                                                                base.

             See "Guaranteed minimum death benefit" in "Contract                You have a choice of the standard death benefit, the
             features and benefits"                                             Annual Ratchet to age 85 enhanced death benefit, or
                                                                                the Greater of 4% Roll-Up to age 85 or Annual
                                                                                Ratchet to age 85 enhanced death benefit.

             See "Annual administrative charge" in "Charges and                 The annual administrative charge will be deducted
             expenses"                                                          from the value in the variable investment options on
                                                                                a pro rata basis.
- ------------------------------------------------------------------------------------------------------------------------------------



  APPENDIX VI: STATE CONTRACT AVAILABILITY AND/OR VARIATIONS OF CERTAIN FEATURES
                                                                AND BENEFITS F-2



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS

                                                                           Page


Who is AXA Equitable?                                                       2

Unit Values                                                                 2
Custodian and Independent Registered Public Accounting Firm                 2
Distribution of the Contracts                                               2
Financial Statements                                                        2

HOW TO OBTAIN AN ACCUMULATOR(R) SELECT(SM) STATEMENT OF ADDITIONAL INFORMATION
FOR SEPARATE ACCOUNT NO. 49

Send this request form to:
 Accumulator(R) Select(SM)
 P.O. Box 1547 Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------

Please send me an Accumulator(R) Select(SM) SAI for Separate Account No. 49
dated May 1, 2007.


- --------------------------------------------------------------------------------
Name:

- --------------------------------------------------------------------------------
Address:

- --------------------------------------------------------------------------------
City           State    Zip

                     x01462/Select '02, OR, '04 '06 Jumpstart '07 and '07 Series




AXA Equitable Retirement Income for Life(SM)

A variable deferred annuity contract

PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.


- --------------------------------------------------------------------------------

WHAT IS AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM) ?


AXA Equitable Retirement Income for Life(SM) is a deferred annuity contract with
an income feature issued by AXA Equitable Life Insurance Company. It provides
for the accumulation of retirement savings and for guaranteed payments from
those savings and a guaranteed death benefit. It also offers a number of
annuitization options. You invest to accumulate value on a tax-deferred basis
in one or more of our variable investment options ("investment options"). This
contract may not currently be available in all states. Certain features and
benefits described in this Prospectus may vary or not be available in all
contracts, in all states or from all selling broker-dealers. Please see
Appendix IV later in this Prospectus for more information on state variations
of certain features and benefits.






- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
                                  
o AXA Conservative Allocation        o AXA Moderate-Plus Allocation
o AXA Conservative-Plus Allocation   o AXA Aggressive Allocation
o AXA Moderate Allocation            o EQ/Franklin Templeton Founding Strategy*
- --------------------------------------------------------------------------------




*    This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of AXA Premier VIP Trust or EQ Advisors Trust (the
"Trusts"). Your investment results in a variable investment option will depend
on the investment performance of the related portfolio.


TYPES OF CONTRACTS. We offer the contracts for use as:



o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  An individual retirement annuity ("IRA"), either traditional IRA (Rollover
   only) or Roth IRA (Rollover only).

o  An annuity that is an investment vehicle for a qualified defined contribution
   plan ("QP") (Rollover and direct transfer contributions only).

o  An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).


A contribution of at least $25,000 is required to purchase an AXA Equitable
Retirement Income for Life(SM) contract.


A registration statement relating to this offering has been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ, 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.





The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.

                                                                          X01477




Contents of this Prospectus
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        5
How to reach us                                                              6
AXA Equitable Retirement Income for Life(SM) at a
     glance -- key features                                                  8


- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     13
Condensed financial information                                             15


- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           16
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        16
Owner and annuitant requirements                                            19
How you can make your contributions                                         19
What are your investment options under the contract?                        19
Portfolios of the Trusts                                                    20
Allocating your contributions                                               21
AXA Equitable Retirement Income for Life(SM) benefit                        21
Guaranteed minimum death benefit                                            23
Your right to cancel within a certain number of days                        23


- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        24
- --------------------------------------------------------------------------------
Your account value and cash value                                           24
Your contract's value in the variable investment options                    24
Insufficient account value                                                  24



- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS                         25
- --------------------------------------------------------------------------------
Transferring your account value                                             25
Disruptive transfer activity                                                25
Rebalancing your account value                                              26



- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
Prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.



2  Contents of this Prospectus





- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     27
- --------------------------------------------------------------------------------
Withdrawing your account value                                              27
How withdrawals are taken from your account value                           28
How withdrawals affect your Guaranteed minimum death benefit                28
How withdrawals affect the AXA Equitable Retirement
     Income for Life(SM) benefit                                            28
Surrendering your contract to receive its cash value                        28
When to expect payments                                                     28
Your annuitization options                                                  28


- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     31
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          31

Charges that the Trusts deduct                                              33

Group or sponsored arrangements                                             33
Other distribution arrangements                                             33



- --------------------------------------------------------------------------------
6. EFFECT OF DEATH                                                          34
- --------------------------------------------------------------------------------
Your beneficiary and payment of death benefit                               38
Successor owner and annuitant                                               38
Beneficiary continuation option                                             38


- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          41
- --------------------------------------------------------------------------------
Overview                                                                    41
Buying a contract to fund a retirement arrangement                          41
Transfers among investment options                                          41
Taxation of payments from NQ contracts                                      41
Individual retirement arrangements (IRAs)                                   43
Tax-sheltered annuity contracts (TSAs)                                      50
Federal and state income tax withholding and
     information reporting                                                  53
Special rules for contracts funding qualified plans                         54
Impact of taxes to AXA Equitable                                            54


- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         55
- --------------------------------------------------------------------------------
About Separate Account No. 49                                               55

About the Trusts                                                            55

About the general account                                                   55
About other methods of payment                                              55
Dates and prices at which contract events occur                             56
About your voting rights                                                    56
About legal proceedings                                                     57
Financial statements                                                        57
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          57

About Custodial IRAs                                                        57

Distribution of the contracts                                               57


- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
  I -- Condensed financial information                                      A-1
 II -- Purchase considerations for QP contracts                             B-1
III -- Hypothetical illustrations                                           C-1
 IV -- State contract variations of certain
          features and benefits                                             D-1


- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3



Index of key words and phrases

- --------------------------------------------------------------------------------
This index should help you locate more information on the terms used in this
Prospectus.



                                                                Page
   account value                                                  24
   administrative charge                                          31
   annuitant                                                      16
   annuitization options                                          28
   annuity purchase factors                                       29
   Applicable percentage                                          18
   AXA Equitable Retirement Income for Life(SM) benefit            8
   AXA Equitable Retirement Income for Life(SM)
     benefit charge                                               32
   Automatic RMD service                                          24
   beneficiary                                                    38
   Beneficiary continuation option ("BCO")                        38
   business day                                                   56
   cash value                                                     24
   charges for state premium and other applicable taxes           32
   contract date                                                   9
   contract date anniversary                                       9
   contract maturity date                                         30
   contract year                                                   9
   contributions to Roth IRAs                                     47
      rollovers and transfers                                     48
      conversion contributions                                    48
   contributions to traditional IRAs                              44
      rollovers and transfers                                     44
   disability, terminal illness or confinement to nursing home    32
   disruptive transfer activity                                   25
   distribution charge                                            31
   EQAccess                                                        6
   ERISA                                                          33
   Excess withdrawal                                              18
   free look                                                      23
   free withdrawal amount                                         32
   general account                                                55
   Guaranteed annual payment                                       8
   Guaranteed minimum death benefit                               23
   IRA                                                         cover


                                                                Page
   IRS                                                            41
   Income base                                                    21
   investment options                                          cover
   Joint life                                                      8
   lifetime required minimum distribution withdrawals             27
   market timing                                                  25
   Mortality and expense risks charge                             31
   NQ                                                          cover
   partial withdrawals                                            27
   participant                                                    19
   portfolio                                                   cover
   processing office                                               6
   QP                                                          cover
   Rebalancing                                                    26
   Rollover IRA                                                cover
   Rollover TSA                                                cover
   Roth IRA                                                    cover
   SAI                                                         cover
   SEC                                                         cover
   Separate Account No. 49                                        55
   Single life                                                     8
   Successor owner and annuitant                                  38
   TOPS                                                            6
   TSA                                                         cover
   traditional IRA                                             cover
   Trusts                                                         25
   unit                                                           24
   variable investment options                                 cover
   wire transmittals and electronic applications                  55
   withdrawal charge                                              31


To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract.




- --------------------------------------------------------------------------------
 Prospectus                           Contract or Supplemental Materials
- --------------------------------------------------------------------------------
                                  
  variable investment options        Investment Funds
  account value                      Annuity Account Value
  unit                               Accumulation Unit
  Guaranteed minimum death benefit   Guaranteed death benefit
- --------------------------------------------------------------------------------


4 Index of key words and phrases



Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.



                                                        Who is AXA Equitable?  5



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.




- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM)
P.O. Box 13014
Newark, NJ 07188-0014



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS DELIV-
 ERY:
- --------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094




- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------

o  written confirmation of financial transactions;

o  statement of your contract values at the close of each calendar year, and any
   calendar quarter in which there was a financial transaction; and

o  annual statement of your contract values as of the close of the contract
   year.


- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o  your current account value;

o  your current allocation percentages;

o  the number of units you have in the variable investment options;

o  the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the investment
   options;

o  elect to receive certain contract statements electronically (not available
   through TOPS);

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).



- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.


6  Who is AXA Equitable?



WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:


(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);


(2)  conversion of a traditional IRA to a Roth IRA contract;

(3)  election of the rebalancing program;


(4)  requests for withdrawals or surrenders from Rollover TSA contracts;


(5)  tax withholding elections;

(6)  election of the beneficiary continuation option;

(7)  IRA contribution recharacterizations;

(8)  certain Section 1035 exchanges;

(9)  direct transfers;

(10) death claims;

(11) change in ownership (NQ only);

(12) enrollment in either our Maximum payment plan or Customized payment plan
     withdrawal options;


(13) partial withdrawal requests; and


(14) removing or changing successor owner.


WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options; and

(4)  contract surrender.


TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  rebalancing;

(2)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.


SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners, both must sign.



                                                        Who is AXA Equitable?  7



AXA Equitable Retirement Income for Life(SM) at a glance -- key features
- --------------------------------------------------------------------------------




- ------------------------------------------------------------------------------------------------------------------------------------
                         
AXA Equitable Retirement    The AXA Equitable Retirement Income for Life(SM) benefit guarantees that you can take lifetime
Income for Life(SM) benefit payments of up to a maximum amount each contract year (your "Guaranteed annual payment"). Your
                            Guaranteed annual payment amount is equal to a percentage of your "Income base." See "Your Income
                            base" in "Contract features and benefits" later in this Prospectus. As shown in the chart immediately
                            below, the applicable percentage is determined based on your age at the time you take your first
                            withdrawal.

                            Age                               Applicable percentage
                            --------------------------------------------------------------------------------------------------------
                            55 - 59-1/2                       4.0%
                            59-1/2 - 64                       4.5%
                            65 - 69                           5.0%
                            70 - 74                           5.5%
                            75 - 79                           6.0%
                            80 and older                      6.5%
                            --------------------------------------------------------------------------------------------------------
                            Payments are taken from your account value and continue during your lifetime even if your account
                            value falls to zero (unless it is caused by a withdrawal that exceeds your Guaranteed annual
                            payment amount). If your contract is based on your life only (you did not name a successor owner)
                            ("Single life"), payments will continue for your life. If your contract is based on joint lives
                            (you named your spouse as successor owner at contract issue) ("Joint life"), payments will
                            continue for the lives of both you and your spouse. QP and TSA Joint life contracts are not
                            permitted. Please see "AXA Equitable Retirement Income for Life(SM) benefit" in "Contract
                            features and benefits" later in this Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum          Your Guaranteed minimum death benefit is equal to your total contributions adjusted for withdrawals.
death benefit
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts        o NQ, Rollover IRA, Roth IRA, QP and Rollover TSA contracts
                              o Initial minimum:      $25,000
                              o Additional minimum:   $ 1,000*
                            --------------------------------------------------------------------------------------------------------
                            Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                            under all AXA Equitable Retirement Income for Life(SM) series contracts with the same owner or
                            annuitant. We reserve the right to limit aggregate contributions made after the first contract year
                            to 150% of first-year contributions.

                            *    For both types of IRA, TSA, and QP contracts ongoing or regular contributions are not
                                 permitted; only rollovers or direct transfers are permitted.
- ------------------------------------------------------------------------------------------------------------------------------------
Professional investment     AXA Equitable Retirement Income for Life(SM)'s variable investment options invest in different
management                  portfolios managed by professional investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations          o No tax on earnings inside the contract until you make withdrawals from your contract or receive
                              annuity payments.
                            --------------------------------------------------------------------------------------------------------
                            o No tax on transfers among investment options
                              inside the contract.
                            --------------------------------------------------------------------------------------------------------
                            If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax
                            Sheltered Annuity (TSA), or to fund an employer retirement plan (QP or Qualified Plan), you
                            should be aware that such annuities do not provide tax deferral benefits beyond those already
                            provided by the Internal Revenue Code. Before purchasing one of these annuities, you should
                            consider whether its features and benefits beyond tax deferral meet your needs and goals. Because
                            of its income focus, this contract may not be appropriate for Rollover TSA and QP if the funds
                            are subject to withdrawal restrictions. You may also want to consider the relative features,
                            benefits and costs of these annuities compared with any other investment that you may use in
                            connection with your retirement plan or arrangement.
- ------------------------------------------------------------------------------------------------------------------------------------



8 AXA Equitable Retirement Income for Life(SM) at a glance -- key features






- ------------------------------------------------------------------------------------------------------------------------------------
                         
Access to your money        o Partial withdrawals
                            o Maximum payment plan
                            o Customized payment plan
                            o Contract surrender
                            You may incur a withdrawal charge for certain withdrawals or if you surrender your contract. You
                            may also incur income tax and a tax penalty.
- ------------------------------------------------------------------------------------------------------------------------------------
Additional features         o Account value rebalancing (quarterly, semiannually, and annually)
                            o Free transfers
                            o Waiver of withdrawal charge for certain withdrawals, disability, terminal illness, or confinement to
                              a nursing home
                            o Successor owner/annuitant
                            o Beneficiary continuation option
                            o Annuitization options
- ------------------------------------------------------------------------------------------------------------------------------------
Fees and charges            o Daily charges on amounts invested in variable investment options for mortality and expense risks,
                              administrative charges and distribution charges at an annual rate of 1.25%.
                            o No charge for the Guaranteed minimum death benefit.
                            o An annual charge of 0.65% of the Income base for the AXA Equitable Retirement Income for
                              Life(SM) benefit based on a Single life or 0.80% of the Income base for a Joint life (not available
                              as a QP or TSA contract). This charge will be deducted on each contract date anniversary from your
                              account value. See "AXA Equitable Retirement Income for Life(SM) benefit charge" in "Charges and
                              expenses" later in this Prospectus.
                            o No sales charge deducted at the time you make contributions. During the first seven contract years
                              following a contribution, a charge of up to 7% will be deducted from amounts that you withdraw that
                              exceed your Guaranteed annual payment amount. There is no withdrawal charge in the eighth and later
                              contract years following a contribution. Certain other exemptions may apply. See "Your Guaranteed
                              annual payment" under "AXA Equitable Retirement Income for Life(SM) benefit" in "Contract features and
                              benefits" later in this Prospectus for information about how your Guaranteed annual payment amount is
                              calculated.
                              ------------------------------------------------------------------------------------------------------
                              The "contract date" is the effective date of a contract. This usually is the business day we
                              receive the properly completed and signed application, along with any other required documents,
                              and your initial contribution. Your contract date will be shown in your contract. The 12-month
                              period beginning on your contract date and each 12-month period after that date is a "contract
                              year." The end of each 12-month period is your "contract date anniversary." For example, if your
                              contract date is May 1, your contract date anniversary is April 30.
                              ------------------------------------------------------------------------------------------------------
                            o We deduct a charge designed to approximate certain taxes that may be imposed on us, such as premium
                              taxes in your state. This charge is generally deducted from the amount applied to an annuitization
                              option.
                            o We currently deduct a $350 annuity administrative fee from amounts applied to purchase a variable
                              immediate annuitization option. This option may not be available when you annuitize. This option is
                              described in a separate prospectus that is available from your financial professional.
                            o Annual expenses of the Trust portfolios are calculated as a percentage of the average daily
                              net assets invested in each portfolio. Please see "Fee table" later in this Prospectus for details.
- ------------------------------------------------------------------------------------------------------------------------------------
Owner and Annuitant issue   NQ, Rollover IRA, Roth IRA and ages Rollover TSA: 55-85
                            QP: 55-75
- ------------------------------------------------------------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix IV later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.


      AXA Equitable Retirement Income for Life(SM) at a glance -- key features 9



OTHER CONTRACTS


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.


You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance. Some selling broker-dealers may limit their clients from purchasing
optional benefits based upon the client's age.


10 AXA Equitable Retirement Income for Life(SM) at a glance -- key features



Fee table
- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your
cash value to certain payout options or if you purchase a Variable Immediate
Annuity annuitization option. Charges designed to approximate certain taxes
that may be imposed on us, such as premium taxes in your state, may also apply.






- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain transactions
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                             
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain
withdrawals or apply your cash value to certain payout options).(1)             7.00%

Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option).                         $350
- ------------------------------------------------------------------------------------------------------------------------------------


The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the portfolio
fees and expenses.


- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your variable investment options expressed as an
 annual percentage of daily net assets
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                             
SEPARATE ACCOUNT ANNUAL EXPENSES:
Mortality and expense risks                                                     0.75%
Administrative                                                                  0.30%
Distribution                                                                    0.20%
                                                                                ----
Total Separate account annual expenses                                          1.25%
- ------------------------------------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge:                                        0.00%
AXA Equitable Retirement Income for Life(SM) benefit charge(2)
(calculated as a percentage of the Income base):                                0.65% for Single life contracts
                                                                                0.80% for Joint life contracts (Not available as
                                                                                QP or TSA contracts.)

Please see "AXA Equitable Retirement Income for Life(SM) benefit" in "Contract features and benefits" for more information about
this feature, and "AXA Equitable Retirement Income for Life(SM) benefit charge" in "Charges and expenses," both later in this
Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------




You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                              
 Portfolio operating expenses expressed as an annual percentage of daily net assets
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted           Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or        ------     --------
other expenses)(3)                                                                       1.24%      1.58%
- ------------------------------------------------------------------------------------------------------------------------------------



                                                                    Fee table 11




This table shows the fees and expenses for 2006 as an annual percentage of
each Portfolio's daily average net assets.


- ------------------------------------------------------------------------------------------------------------------------------------
                                                                              Acquired                                   Net Total
                                                                             Fund Fees      Total Annual  Fee Waivers     Annual
                                                                               and           Expenses       and/or       Expenses
                                                                             Expenses         Before        Expense       (After
                                          Management  12b-1      Other      (Underlying       Expense      Reimburse-     Expense
 Portfolio Name                            Fees(4)    Fees(5)  Expenses(6)  Portfolios)(7)  Limitations)    ments(8)    Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                     
 AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                  0.10%       0.25%     0.18%       0.91%            1.44%          (0.18)%       1.26%
AXA Conservative Allocation                0.10%       0.25%     0.22%       0.67%            1.24%          (0.22)%       1.02%
AXA Conservative-Plus Allocation           0.10%       0.25%     0.18%       0.72%            1.25%          (0.18)%       1.07%
AXA Moderate Allocation                    0.10%       0.25%     0.17%       0.78%            1.30%          (0.17)%       1.13%
AXA Moderate-Plus Allocation               0.10%       0.25%     0.17%       0.85%            1.37%          (0.17)%       1.20%
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding Strategy*   0.05%       0.25%     0.21%       1.07%            1.58%          (0.11)%       1.47%
- ------------------------------------------------------------------------------------------------------------------------------------






*    This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.


Notes:

(1)  Deducted upon a withdrawal of amounts in excess of your Guaranteed annual
     payment amount, if applicable:


                                                                                        
        The withdrawal charge percentage we use is determined by the contract year in      Contract           Annuitant   Annuitant
        which you make the withdrawal or surrender your contract. For each contribution,   Year               ages 55-80  ages 81-85
        we consider the contract year in which we receive that contribution to be          1. . . . . . . . . . . .7.00% . . . 5.00%
        "contract year 1")                                                                 2. . . . . . . . . . . .7.00% . . . 4.00%
                                                                                           3. . . . . . . . . . . .6.00% . . . 3.00%
                                                                                           4. . . . . . . . . . . .6.00% . . . 2.00%
                                                                                           5. . . . . . . . . . . .5.00% . . . 1.00%
                                                                                           6. . . . . . . . . . . .3.00% . . . 0.00%
                                                                                           7. . . . . . . . . . . .1.00% . . . 0.00%
                                                                                           8+ . . . . . . . . . . .0.00% . . . 0.00%


(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(3)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts. See footnote (7) for details.

(4)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (8) for any expense
     limitation agreement information.


(5)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940. For the portfolios of AXA Premier
     VIP Trust and EQ Advisors Trust, the 12b-1 fees will not be increased for
     the life of the contract.



(6)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (8) for any expense limitation agreement
     information.



(7)  Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06.



(8)  The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. AXA Equitable, the investment manager of
     AXA Premier VIP Trust and EQ Advisors Trust, has entered into expense
     limitation agreements with respect to certain Portfolios, which are
     effective through April 30, 2008. Under these agreements, AXA Equitable has
     agreed to waive or limit its fees and assume other expenses of certain
     Portfolios, if necessary, in an amount that limits each affected
     Portfolio's Total Annual Expenses (exclusive of interest, taxes, brokerage
     commissions, capitalized expenditures expenses of the underlying portfolios
     in which the Portfolio invests and extraordinary expenses) to not more than
     specified amounts. Therefore, each Portfolio may at a later date make a
     reimbursement to AXA Equitable for any of the management fees waived or
     limited and other expenses assumed and paid by AXA Equitable pursuant to
     the expense limitation agreements, provided that the Portfolio's current
     annual operating expenses do not exceed the operating expense limit
     determined for such Portfolio. See the prospectus for each applicable
     underlying Trust for more information about the arrangements.



12 Fee table



EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).

The example below shows the expenses that a hypothetical contract owner would
pay in the situations illustrated.


The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. The
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:


                                                                    Fee table 13







- ------------------------------------------------------------------------------------------------------------------------------------
                                                              If you surrender your contract at the end of the
                                                                           applicable time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                             1 year             3 years              5 years            10 years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation                  $ 1,043.00         $ 1,646.00           $ 2,271.00         $ 3,686.00
AXA Conservative-Plus Allocation             $ 1,044.00         $ 1,649.00           $ 2,276.00         $ 3,695.00
AXA Moderate Allocation                      $ 1,050.00         $ 1,665.00           $ 2,301.00         $ 3,742.00
AXA Moderate-Plus Allocation                 $ 1,057.00         $ 1,686.00           $ 2,336.00         $ 3,808.00
AXA Aggressive Allocation                    $ 1,064.00         $ 1,707.00           $ 2,371.00         $ 3,873.00
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding Strategy**    $ 1,079.00         $ 1,750.00           $ 2,440.00         $ 4,001.00




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                If you annuitize at the end of the applicable time
                                                              period and select a non-life contingent period certain
                                                                     annuity option with less than five years
- ------------------------------------------------------------------------------------------------------------------------------------
                                             1 year             3 years              5 years            10 years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation                  N/A                $ 1,646.00           $ 2,271.00         $ 3,686.00
AXA Conservative-Plus Allocation             N/A                $ 1,649.00           $ 2,276.00         $ 3,695.00
AXA Moderate Allocation                      N/A                $ 1,665.00           $ 2,301.00         $ 3,742.00
AXA Moderate-Plus Allocation                 N/A                $ 1,686.00           $ 2,336.00         $ 3,808.00
AXA Aggressive Allocation                    N/A                $ 1,707.00           $ 2,371.00         $ 3,873.00
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding Strategy**    N/A                $ 1,750.00           $ 2,440.00         $ 4,001.00




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                If you do not surrender your contract at
                                                                        applicable time period
- ------------------------------------------------------------------------------------------------------------------------------------
                                             1 year             3 years              5 years        10 years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        
 AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation                  $ 343.00           $ 1,046.00           $ 1,771.00     $ 3,686.00
AXA Conservative-Plus Allocation             $ 344.00           $ 1,049.00           $ 1,776.00     $ 3,695.00
AXA Moderate Allocation                      $ 350.00           $ 1,065.00           $ 1,801.00     $ 3,742.00
AXA Moderate-Plus Allocation                 $ 357.00           $ 1,086.00           $ 1,836.00     $ 3,808.00
AXA Aggressive Allocation                    $ 364.00           $ 1,107.00           $ 1,871.00     $ 3,873.00
- ------------------------------------------------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding Strategy**    $ 379.00           $ 1,150.00           $ 1,940.00     $ 4,001.00




*    This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix III at the end of this Prospectus.


14 Fee table




CONDENSED FINANCIAL INFORMATION

Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.



                                                                    Fee table 15



1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum contribution amount of $25,000. The
following table summarizes our rules regarding contributions to your contract.
The owner, annuitant and successor owner or joint annuitant, if any, must all
meet the same issue age requirements.

We may refuse to accept any contribution if the sum of all contributions under
all AXA Equitable Retirement Income for Life(SM) contracts with the same owner
or annuitant would then total more than $1,500,000. We reserve the right to
limit aggregate contributions made after the first contract year to 150% of
first-year contributions. We may also refuse to accept any contribution if the
sum of all contributions under all AXA Equitable annuity accumulation contracts
with the same owner or annuitant would then total more than $2,500,000. We may
accept less than the minimum initial contribution under a contract if an
aggregate amount of contracts purchased at the same time by an individual
(including spouse) meets the minimum.

Additional contributions are not permitted after the later of: (i) the end of
the first contract year, and (ii) the date you make your first withdrawal.
Additional contribution rules are set forth in the chart below.


================================================================================
The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
"annuitant" is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
                  Available        Minimum
 Contract type   for issue ages   contributions
- --------------------------------------------------------------------------------
NQ               55 through 85    o $25,000 (initial)
                                  o $1,000 (additional)



- --------------------------------------------------------------------------------
Rollover IRA     55 through 85    o $25,000 (initial)
                                  o $1,000 (additional)



- --------------------------------------------------------------------------------
 Contract type    Source of contributions          Limitations on contributions
- --------------------------------------------------------------------------------
NQ               o After-tax money.               o For annuitants up to age 83
                                                    at contract issue, no addi-
                 o Paid to us by check or           tional contributions may be
                   transfer of contract value in    made after attainment of
                   a tax-deferred exchange          age 84, or, if later, the
                   under Section 1035 of the        first contract date
                   Internal Revenue Code.           anniversary.*

                                                  o For annuitants age 84 or 85
                                                    at contract issue,
                                                    additional contributions
                                                    may be made up to one year
                                                    from contract issue.
- --------------------------------------------------------------------------------
Rollover IRA     o Rollover or direct transfers   o For annuitants up to age 83
                   only; regular IRA contribu-      at contract issue, no addi-
                   tions are not permitted.         tional contributions may be
                                                    made after attainment of
                 o Eligible rollover distribu-      age 84, or, if later, the
                   tions from TSA contracts         first contract date
                   or other 403(b) arrangements,    anniversary.*
                   qualified plans, and govern-
                   mental employer 457(b)         o For annuitants age 84 or 85
                   plans.                           at contract issue,
                                                    additional contributions
                                                    may be made up to one year
                 o Rollovers from another           from contract issue.
                   traditional individual
                   retirement arrangement.        o Contributions after age
                                                    70-1/2 must be net of
                 o Direct custodian-to-             required minimum
                   custodian transfers from         distributions.
                   another traditional indi-
                   vidual retirement
                   arrangement.
- --------------------------------------------------------------------------------


16 Contract features and benefits






- --------------------------------------------------------------------------------
                  Available        Minimum
 Contract type   for issue ages   contributions
- --------------------------------------------------------------------------------
Roth IRA         55 through 85           o $25,000 (initial)
                                         o $1,000 (additional)

Rollover TSA     55 through 85           o $25,000 (initial)
                                         o $1,000 (additional)



- --------------------------------------------------------------------------------
 Contract type    Source of contributions          Limitations on contributions
- --------------------------------------------------------------------------------
Roth IRA         o Rollover or direct transfers   o For annuitants up to age 83
                   only; regular Roth IRA con-      at contract issue, no addi-
                   tributions are not               tional contributions may be
                   permitted.                       made after attainment of
                                                    age 84, or, if later, the
                 o Rollover from another Roth       first contract date
                   IRA.                             anniversary.*

                                                  o For annuitants age 84 or 85
                 o Rollovers from a "desig-         at contract issue,
                   nated Roth contribution          additional contributions may
                   account" under a 401(k)          be made up to one year from
                   plan or 403(b)                   contract issue.
                   arrangement.
                                                  o Conversion rollovers after
                 o Conversion rollovers from a      age 70-1/2 must be net of
                   traditional IRA.                 required minimum distribu-
                                                    tions for the traditional
                 o Direct transfers from            IRA you are rolling over.
                   another Roth IRA.
                                                  o You cannot roll over funds
                                                    from a traditional IRA if
                                                    your adjusted gross income
                                                    is $100,000 or more.
- --------------------------------------------------------------------------------
Rollover TSA     o Direct transfers of pre-tax    o For annuitants up to age 83
                   funds from another contract      at contract issue, no addi-
                   or arrangement under Sec-        tional contributions may be
                   tion 403(b) of the Internal      made after attainment of
                   Revenue Code, complying          age 84,or, if later, the
                   with IRS Revenue Ruling          first contract date
                   90-24.                           anniversary.*

                                                  o For annuitants age 84 or 85
                 o Eligible rollover distribu-      at contract issue,
                   tions of pre-tax funds from      additional contributions may
                   other 403(b) plans. Subse-       be made up to one year from
                   quent contributions may          contract issue.
                   also be rollovers from quali-
                   fied plans, governmental       o Rollover or direct transfer
                   employer 457(b) plans and        contributions after age
                   traditional IRAs.                70-1/2 must be net of any
                                                    required minimum
                                                    distributions.

                                                  o We do not accept employer-
                                                    remitted contributions.


                                               Contract features and benefits 17






- --------------------------------------------------------------------------------
                  Available        Minimum
 Contract type   for issue ages   contributions
- --------------------------------------------------------------------------------
QP               55 through 75    o $25,000 (initial)
                                  o $1,000 (additional)

See Appendix II at the end of this Prospectus for a discussion of purchase
considerations of QP contracts.



- --------------------------------------------------------------------------------
 Contract type    Source of contributions         Limitations on contributions
- --------------------------------------------------------------------------------
QP               o Only transfer contributions   o A separate QP contract must
                   from other investments          be established for each plan
                   within an existing defined      participant.
                   contribution qualified plan
                   trust.                        o We do not accept regular
                                                   ongoing payroll contribu-
                 o The plan must be qualified      tions, or any other
                   under Section 401(a) of the     contributions directly from
                   Internal Revenue Code.          the employer.

                 o For 401(k) plans, trans-      o Only one additional transfer
                   ferred contributions may        contribution may be made
                   not include any after-tax       during a contract year.
                   contributions, including
                   designated Roth contribu-     o No additional transfer con-
                   tions.                          tributions after
                                                   participant's attainment of
                                                   age 76 or, if later, the
                                                   first contract date
                                                   anniversary.

                                                 o Contributions after age
                                                   70-1/2 must be net of any
                                                   required minimum
                                                   distributions.

                                                 o We do not accept contribu-
                                                   tions from defined benefit
                                                   plans.

See Appendix II at the end of this Prospectus for a discussion of purchase
considerations of QP contracts.
- --------------------------------------------------------------------------------


*  For Pennsylvania contracts, please see Appendix IV later in this Prospectus
   for state variations.

See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.


18 Contract features and benefits





OWNER AND ANNUITANT REQUIREMENTS

The owner, annuitant and successor owner or joint annuitant, if any, must all
meet the same issue age requirements. Under NQ contracts only, the annuitant
can be different from the owner. For all contracts other than QP, the owner,
successor owner and annuitant, if different, must be age 55-85 at issue. For QP
contracts, the annuitant must be age 55-75 at issue.

Joint owners are not permitted except under NQ contracts.

A successor owner may be named at contract issue only. The successor owner must
be the owner's spouse. If you and the successor owner are no longer married,
you may either: (i) drop the original successor owner or (ii) replace the
original successor owner with your new spouse. This can only be done before the
first withdrawal is made from the contract. After the first withdrawal, the
successor owner can be dropped but cannot be replaced.

A joint annuitant may be named at contract issue only if the contract is owned
by a non-natural owner. The annuitant and joint annuitant must be spouses. If
the annuitant and joint annuitant are no longer married, you may either: (i)
drop the joint annuitant or (ii) replace the original joint annuitant with the
annuitant's new spouse. This can only be done before the first withdrawal.
After the first withdrawal, the joint annuitant may be dropped but cannot be
replaced. Joint annuitants are not permitted under any other contracts.

Under both types of IRA and Rollover TSA contracts, the owner and annuitant
must be the same person. In some cases, an IRA contract may be held in a
custodial individual retirement account for the benefit of the individual
annuitant. This option may not be available under your contract.

Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee and all benefits are based on
the age of the annuitant. See Appendix II at the end of this Prospectus for
more information on QP contracts.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and any permitted additional
contributions by wire transmittal from certain broker-dealers who have
agreements with us for this purpose, including circumstances under which such
contributions are considered received by us when your order is taken by such
broker-dealers. See "More information" later in this Prospectus.

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain that
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------
WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

Your investment options are the variable investment options. Your investment
results in any one of the variable investment options will depend on the
investment performance of the underlying portfolios. You can lose your
principal when investing in the variable investment options. In periods of poor
market performance, the net return, after charges and expenses, may result in
negative yields. Listed below are the currently available portfolios and their
investment objectives.


                                              Contract features and benefits  19





PORTFOLIOS OF THE TRUST


AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. Each portfolio of the AXA Premier VIP Trust
invests in portfolios of both AXA Premier VIP Trust and EQ Advisors Trust. The
EQ/Franklin Templeton Founding Strategy invests in portfolios of the EQ
Advisors Trust.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Allocating your contributions" in "Contract features and benefits" for more
information about your role in managing your allocations.





- ----------------------------------------------------------------------------------------------
 AXA Premier VIP Trust
 Portfolio Name               Objective
- ----------------------------------------------------------------------------------------------
                           
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.
- ----------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a greater
 ALLOCATION                   emphasis on current income.
- ----------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.
- ----------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income, with
 ALLOCATION                   a greater emphasis on capital appreciation.
- ----------------------------------------------------------------------------------------------
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.
- ----------------------------------------------------------------------------------------------
 EQ Advisors Trust             Objective
 Portfolio Name
- ----------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily seeks
 FOUNDING STRATEGY*           income.





* This investment option will be available on or about May 29, 2007, subject
  to regulatory approval.

You should consider the investment objective, risks, and charges and expenses
of the portfolios carefully before investing. The prospectuses for the
portfolios contain this and other important information about the portfolios.
The prospectuses, which are attached to this Prospectus, should be read
carefully before investing.



20 Contract features and benefits





ALLOCATING YOUR CONTRIBUTIONS

You may allocate your contributions to one or more, or all, of the variable
investment options. Allocations must be in whole percentages and you may change
your allocations at any time. The total of your allocations into all available
investment options must equal 100%. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.



AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM) BENEFIT


The AXA Equitable Retirement Income for Life(SM) benefit guarantees that you can
take lifetime withdrawals up to a maximum amount per year (your "Guaranteed
annual payment"). You may elect one of our automated payment plans or you may
take partial withdrawals. All withdrawals reduce your account value and
Guaranteed minimum death benefit. See "Accessing your money" later in this
Prospectus.


You may buy this contract on a single life ("Single life") or a joint life
("Joint life") basis. There is no designated successor owner (or joint
annuitant under a contract with a non-natural owner) in a Single life contract
and none may be added subsequent to contract issue. For Joint life contracts,
you must designate your spouse as the successor owner (or joint annuitant, as
applicable) at the time of contract issue. Under a Joint life contract,
lifetime withdrawals are guaranteed for the life of both the owner and
successor owner (or annuitant and joint annuitant, as applicable). Joint life
QP and TSA contracts are not permitted.

The cost of the AXA Equitable Retirement Income for Life(SM) benefit will be
deducted from your account value on each contract date anniversary. Please see
"AXA Equitable Retirement Income for Life(SM) benefit charge" in "Charges and
expenses" later in this Prospectus for a description of the charge.

You should not purchase this contract if:

o You plan to take withdrawals in excess of your Guaranteed annual payment
  amount because those withdrawals may significantly reduce or eliminate the
  value of the benefit (see "Effect of Excess withdrawals" below in this
  section);

o You are interested in long term accumulation rather than near-term current
  payments; or

o You are using the contract to fund a Rollover TSA or QP contract where
  withdrawal restrictions will apply.

For traditional IRAs, TSA and QP contracts, the AXA Equitable Retirement Income
for Life(SM) contract makes provisions for you to take lifetime required minimum
distributions ("RMDs") without losing the value of the AXA Equitable Retirement
Income for Life(SM) benefit, provided you comply with the conditions described
under "Lifetime required minimum distribution withdrawals" in "Accessing your
money" later in this Prospectus, including utilizing our Automatic RMD service.
If you do not expect to comply with these conditions, this benefit may have
limited usefulness for you and you should consider whether it is appropriate.
Please consult your tax adviser.


YOUR INCOME BASE

At issue, your Income base is equal to your initial contribution and will
increase or decrease, as follows:

o Your Income base increases by the dollar amount of any subsequent
  contributions.

o Your Income base may be increased on each contract date anniversary, as
  described below ("Annual step-up").

o Your Income base is not reduced by withdrawals except those withdrawals that
  exceed your Guaranteed annual payment amount ("Excess withdrawal"). See
  "Effect of Excess withdrawals" below in this section.


YOUR GUARANTEED ANNUAL PAYMENT AMOUNT

Your initial Guaranteed annual payment amount is equal to a percentage of the
Income base. The applicable percentage ("Applicable percentage") is based on
the owner's age at the time of the first withdrawal. For Joint life contracts,
the Applicable percentage is based on the age of the owner or successor owner,
whoever is younger at the time of the first withdrawal. For Single life
contracts held by non-natural owners, the Applicable percentage is based on the
annuitant's age. For Joint life contracts held by non-natural owners, the
Applicable percentage is based on the younger annuitant's age at the time of
the first withdrawal. The Applicable percentages are as follows:


- --------------------------------------------------------------------------------
 Age                          Applicable percentage
- --------------------------------------------------------------------------------
55-59-1/2                     4.0%
59-1/2-64                     4.5%
65-69                         5.0%
70-74                         5.5%
75-79                         6.0%
80 and older                  6.5%
- --------------------------------------------------------------------------------

We will recalculate the Guaranteed annual payment amount on each contract date
anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The payment amount is guaranteed never to decrease
as long as there are no Excess withdrawals.

Your Guaranteed annual payments are not cumulative. If you withdraw less than
the Guaranteed annual payment amount in any contract year, you may not add the
remainder to your Guaranteed annual payment amount in any subsequent year.


                                              Contract features and benefits  21





The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual payment amount, but all withdrawals are counted toward your
free withdrawal amount. See "Withdrawal charge" in "Charges and expenses" later
in this Prospectus.


EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual payment amount in any contract year. Once a withdrawal causes cumulative
withdrawals in a contract year to exceed your Guaranteed annual payment amount,
the entire amount of that withdrawal and each subsequent withdrawal in that
contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your Income base
and your Guaranteed annual payment amount. If you make an Excess withdrawal, we
will recalculate your Income base and the Guaranteed annual payment amount, as
follows:

     o  The Income base is reset as of the date of the Excess with
        drawal to equal the lesser of: (i) the Income base immediately prior
        to the Excess withdrawal and (ii) the account value immediately
        following the Excess withdrawal.

     o  The Guaranteed annual payment amount is recalculated to
        equal the lesser of: (i) the Applicable percentage multiplied by the
        reset Income base and (ii) the Guaranteed annual payment amount
        prior to the Excess withdrawal.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual payment amount as such withdrawals significantly
reduce or eliminate the value of the AXA Equitable Retirement Income for
Life(SM) benefit. If your account value is less than your Income base (due, for
example, to negative market performance), an Excess withdrawal, even one that is
only slightly more than your Guaranteed annual payment amount, can significantly
reduce your Income base and the Guaranteed annual payment amount.

For example, assume your Income base is $100,000 and your account value is
$80,000 when you decide to begin taking withdrawals at age 65. Your Guaranteed
annual payment amount is equal to $5,000 (5.0% of $100,000). You take an
initial withdrawal of $8,000. Since your Income base is immediately reset to
equal the lesser of your Income base prior to the Excess withdrawal ($100,000)
and your account value immediately following the Excess withdrawal ($80,000
minus $8,000), your Income base is now $72,000. In addition, your Guaranteed
annual payment amount is reduced to $3,600 (5.0% of $72,000), instead of the
original $5,000.

Withdrawal charges, if applicable, are applied to the amount of the withdrawal
exceeding the Guaranteed annual payment amount. See "Withdrawal charge" in
"Charges and expenses" later in this Prospectus. You should further note that
an Excess withdrawal that reduces your account value to zero terminates the
contract, including all benefits, without value. See "Insufficient account
value" in "Determining your contract value" later in this Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual payment amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.


ANNUAL STEP-UP


Your Income base is recalculated on each contract date anniversary to equal the
greater of: (i) the account value and (ii) the most recent Income base. Your
Guaranteed annual payment will also be increased, if applicable, to equal your
Applicable percentage times your new Income base.



SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your Income base will be increased
by the amount of the contribution. Your Guaranteed annual payment amount will
be equal to the Applicable percentage of the increased Income base.


EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO


If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits,
as discussed below. If an Excess withdrawal results in a withdrawal that equals
more than 90% of your cash value or reduces your cash value to less than $500,
we will treat your request as a surrender of your contract even if your AXA
Equitable Retirement Income for Life(SM) benefit base is greater than zero.


However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o The AXA Equitable Retirement Income for Life(SM) contract terminates and you
  will receive a supplementary life annuity contract setting forth your
  continuing benefits. The owner of the AXA Equitable Retirement Income for
  Life(SM) contract will be the owner and annuitant. The successor owner, if
  applicable, will be the joint annuitant. If the owner is non-natural, the
  annuitant and joint annuitant, if applicable, will be the same as under
  the AXA Equitable Retirement Income for Life(SM) contract.

o No subsequent contributions will be permitted.

o The Guaranteed minimum death benefit will remain in effect.

o If you were taking withdrawals through the "Maximum payment plan," we will
  continue the scheduled withdrawal payments on the same basis.


o If you were taking withdrawals through the "Customized payment plan" or in
  unscheduled partial withdrawals, we will pay the balance of the Guaranteed
  annual payment for that contract year in a lump sum. Payment of the
  Guaranteed annual payment will begin on the next contract date
  anniversary.


o Payments will continue at the same frequency for Single or Joint life
  contracts, as applicable, or annually if automatic payments were not being
  made.


22  Contract features and benefits





OTHER IMPORTANT CONSIDERATIONS

o  You should not purchase this contract if you are interested in long term
   accumulation rather than current payments or payments in the near future.

o  Amounts withdrawn in excess of your Guaranteed annual payment amount may be
   subject to a withdrawal charge, if applicable, as described in "Charges and
   expenses" later in the Prospectus. In addition, all withdrawals count toward
   your free withdrawal amount for that contract year. Excess withdrawals can
   significantly reduce or completely eliminate the value of this benefit. See
   "Effect of Excess withdrawals" above in this section and "Withdrawing your
   account value" in "Accessing your money" later in this Prospectus.

o  Withdrawals made under the AXA Equitable Retirement Income for Life(SM)
   contract are not taxed as annuity payments. See "Tax information" later in
   this Prospectus.

o  All payments under the AXA Equitable Retirement Income for Life(SM) benefit
   reduce your account value and Guaranteed minimum death benefit. See "How
   withdrawals are taken from your account value" and "How withdrawals affect
   your Guaranteed minimum death benefit" in "Accessing your money" later in
   this Prospectus.

o  If you withdraw less than the Guaranteed annual payment amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   payment amount in any subsequent year.

o  The AXA Equitable Retirement Income for Life(SM) benefit terminates if the
   contract is continued under the beneficiary continuation option or the
   successor owner annuitant feature.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual payment amount, all benefits under the
   contract will terminate, including the AXA Equitable Retirement Income for
   Life(SM) benefit.


o  Generally, if you transfer ownership of this contract, you terminate the AXA
   Equitable Retirement Income for Life(SM) benefit. See "Transfers of
   ownership, collateral assignments, loans and borrowing" in "More information"
   later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer without
   purchasing a withdrawal benefit.


o  If you elect the AXA Equitable Retirement Income for Life(SM) benefit on a
   Joint life basis and subsequently get divorced, your divorce will not
   automatically terminate the contract. For both Joint life and Single life
   contracts, it is possible that the terms of your divorce decree could
   significantly reduce or completely eliminate the value of this benefit.



GUARANTEED MINIMUM DEATH BENEFIT


Your contract provides a death benefit. The death benefit is equal to your
account value as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the Guaranteed minimum death benefit, whichever
provides the higher amount. The Guaranteed minimum death benefit is equal to
your total contributions, adjusted for withdrawals (and any associated
withdrawal charges), and any taxes that apply. If your total withdrawals exceed
your total contributions, your Guaranteed minimum death benefit terminates
without value. For more information, please see "How withdrawals affect your
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus.


Please see "Insufficient account value" in "Determining your contract's value"
for more information on this guaranteed benefit.


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional to find out what applies in your state.

Generally, your refund will equal your account value under the contract on the
day we receive notification of your decision to cancel the contract and will
reflect any investment gain or loss in the variable investment options, less
the daily charges we deduct. Some states require that we refund the full amount
of your contribution. For any IRA contract returned to us within seven days
after you receive it, we are required to refund the full amount of your
contribution.

We may require that you wait six months before you may apply for a contract
with us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth IRA contract, you may cancel your
Roth IRA contract and return to a Rollover IRA contract, whichever applies. Our
processing office, or your financial professional, can provide you with the
cancellation instructions.


                                              Contract features and benefits  23





2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in the variable
investment options.

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
pro rata portion of the AXA Equitable Retirement Income for Life(SM) benefit
charge and (ii) any applicable withdrawal charges. Please see "Surrendering
your contract to receive its cash value" in "Accessing your money" later in
this Prospectus.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges); or

(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option.

In addition, when we deduct the AXA Equitable Retirement Income for Life(SM)
benefit charge, the number of units credited to your contract will be reduced.
A description of how unit values are calculated is found in the SAI.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate if your account value is insufficient to pay any
applicable charges when due. Your account value could become insufficient due
to withdrawals and/or poor market performance. Upon such termination, you will
lose all your rights under your contract and any guaranteed benefits, except as
discussed earlier in this Prospectus in "Contract features and benefits" under
"Effect of your account value falling to zero."

See Appendix IV later in this Prospectus for any state variations with regard
to terminating your contract.


24  Determining your contract's value





3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE
You can transfer some or all of your account value among the investment
options.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)  the contract number,

(2)  the dollar amounts or percentages of your current account value to be
     transferred, and

(3)  the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.



DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing " organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.


We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (together, the "trusts"). The trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the trust obtains from us contract owner trading activity. The trusts currently
consider transfers into and out of (or vice versa) the same variable investment
option within a five business day period as potentially disruptive transfer
activity. In most cases, each trust reserves the right to reject a transfer
that it believes, in its sole discretion, is disruptive (or potentially
disruptive) to the management of one of its portfolios. Please see the
prospectuses for the trusts for more information.


When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and


                            Transferring your money among investment options  25





procedures will apply to all contract owners uniformly. We do not permit
exceptions to our policies restricting disruptive transfer activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, neither trust had implemented such a fee. If a redemption fee is
implemented by a trust, that fee, like any other trust fee, will be borne by
the contract owner.

Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all disruptive transfers. Because there is
no guarantee that disruptive trading will be stopped, some contract owners may
be treated differently than others, resulting in the risk that some contract
owners may be able to engage in frequent transfer activity while others will
bear the effect of that frequent transfer activity. The potential effects of
frequent transfer activity are discussed above.


REBALANCING YOUR ACCOUNT VALUE


We currently offer a rebalancing program that you can use to automatically
reallocate your account value among the variable investment options. In order
to participate, you must tell us:


(a) the percentage you want invested in each variable investment option (whole
    percentages only), and

(b) how often you want the rebalancing to occur (quarterly, semiannually, or
    annually on a contract year basis).

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

While your rebalancing program is in effect, we will transfer amounts among the
variable investment options so that the percentage of your account value that
you specify is invested in each option at the end of each rebalancing date.
Your entire account value in the variable investment options must be included
in the rebalancing program.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------
You may elect the rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while the rebalancing program is in effect, we will process the
transfer as requested; your rebalancing allocations will not be changed; and
the rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.


26  Transferring your money among investment options





4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE
You have several ways to withdraw your account value as described below. For
some QP or Rollover TSA contracts, your ability to take withdrawals under your
contract may be limited. See "Tax information" later in this Prospectus. No
loans are permitted under this contract.

When selecting a withdrawal method, it is important to remember that Excess
withdrawals may significantly reduce the value of the AXA Equitable Retirement
Income for Life(SM) benefit and contract. See "Effect of Excess withdrawals" in
"Contract features and benefits" earlier in this Prospectus. You should choose
a withdrawal method that is most appropriate for your needs AND does not cause
payment amounts in excess of your Guaranteed annual payment amount.

Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
death benefit," below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.

All withdrawals in a contract year up to the Guaranteed annual payment amount
are not subject to a withdrawal charge.


AUTOMATIC PAYMENT PLANS

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.



MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual payment amount in scheduled payments. The amount of the
withdrawal may increase on contract date anniversaries with any Annual step-up.



If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual payment amount.


If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.


CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount less than or equal to the Guaranteed annual
payment amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with any Annual step-up, even if
applicable. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal. As
discussed earlier in the Prospectus, Excess withdrawals may significantly reduce
the value of the AXA Equitable Retirement Income for Life(SM) benefit. See
"Effect of Excess withdrawals" in "Contract features and benefits" earlier in
this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.


PARTIAL WITHDRAWALS

You may also take partial withdrawals from your account value at any time.
(Rollover TSA and QP contracts may have restrictions.) The minimum amount you
may withdraw is $300. If you elect to take partial withdrawals, you should
monitor your withdrawals to ensure that you do not exceed your Guaranteed
annual payment amount in any contract year and cause an Excess withdrawal. As
discussed earlier in the prospectus, Excess withdrawals may significantly
reduce the value of the AXA Equitable Retirement Income for Life(SM) contract.
See "Effect of Excess withdrawals" in "Contract features and benefits" earlier
in this Prospectus.



LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, QP and Rollover TSA contracts only -- See "Tax information"
later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules, however, it
may be advisable for you to elect our Automatic RMD service as discussed below.
After consultation with your tax adviser, you may decide to compute required
minimum distributions yourself and request partial withdrawals. In such a case,
a withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. Also, the actuarial present value of additional contract benefits
must be added to the account value in calculating required minimum distribution
withdrawals from annuity contracts funding qualified plans, TSAs and IRAs,
which could increase the amount required to be withdrawn. Please refer to "Tax
information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Cur-


                                                        Accessing your money  27





rently, minimum distribution withdrawal payments will be made annually. See
"Required minimum distributions" in "Tax information" later in this Prospectus
for your specific type of retirement arrangement.

Generally, if you elect our Automatic RMD service, any lifetime required
minimum distribution payment we make to you under our Automatic RMD service
will not be treated as an Excess withdrawal.


If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawal may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the
plan again at any time, but the scheduled payments will not resume until the
next contract date anniversary. Further, your Income base and Guaranteed annual
payment amount may be reduced. See "Effect of Excess Withdrawals" in "Contract
features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
payments amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
payments made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals.

We do not impose a withdrawal charge on lifetime required minimum distributions
if you are enrolled in our Automatic RMD service and one of our automatic
payment plans. However, if you take any partial withdrawals, this waiver will
not apply.


- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------
HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options.



HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM DEATH BENEFIT

Subject to state approval, for contracts applied for on or after September 18,
2006, withdrawals will reduce your Guaranteed minimum death benefit on a
dollar-for-dollar basis up to the Guaranteed annual payment amount. Once a
withdrawal causes cumulative withdrawals in a contract year to exceed your
Guaranteed annual payment amount, however, your Guaranteed minimum death
benefit is reduced on a pro rata basis.


HOW WITHDRAWALS AFFECT THE AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM) BENEFIT

Your Income base is not reduced by withdrawals up to the Guaranteed annual
payment amount. Withdrawals that exceed the Guaranteed annual payment amount,
however, can significantly reduce your Income base and Guaranteed annual
payment. For more information, see "Effect of Excess withdrawals" and "Other
important considerations" under "AXA Equitable Retirement Income for Life(SM)
benefit" in "Contract features and benefits" earlier in this Prospectus.

SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while the
owner is living and before you annuitize. (Rollover TSA and QP contracts may
have restrictions.) For a surrender to be effective, we must receive your
written request and your contract at our processing office. We will determine
your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including the AXA Equitable Retirement Income for Life(SM)
benefit, if your cash value is greater than your Guaranteed annual payment
amount remaining for the contract year. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuitization options. See "Your annuitization options" below. For
the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include payment of a death benefit,
payment of any amount you withdraw (less any withdrawal charge), payment of the
cash value (upon surrender), and applying proceeds upon annuitization. We may
postpone such payments or applying proceeds for any period during which:

(1) the New York Stock Exchange is closed or restricts trading,

(2) sales of securities or determination of the fair value of a variable
    investment option's assets is not reasonably practicable because of an
    emergency, or

(3) the SEC, by order, permits us to defer payment to protect people remaining
    in the variable investment options.

We may defer payments for a reasonable amount of time (not to exceed 10 days)
while we are waiting for a contribution check to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery service at your expense. Express delivery service is not available for
automatic payment plan payments.

YOUR ANNUITIZATION OPTIONS


You may elect to annuitize your contract after one year. When your contract is
annuitized, the AXA Equitable Retirement Income for Life(SM)



28  Accessing your money





benefit will terminate without value. Payments you receive under the
annuitization option you select may be more or less than your Guaranteed annual
payment amount. You should consider the relative payment amounts carefully
before annuitizing.

The AXA Equitable Retirement Income for Life(SM) contract guarantees that you
can apply your account value to receive fixed lifetime annuity payments. You may
also elect to receive payments under any other annuitization option that we
offer at the time. Please see Appendix IV later in this Prospectus for
variations that may apply in your state.

We currently offer the annuitization options listed below. Restrictions may
apply, depending on the type of contract you own or the annuitant's age at
contract issue.




                           
- --------------------------------------------------------------------------------
Fixed annuitization options   Life annuity
                              Life annuity with period certain
                              Life annuity with refund certain
                              Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity    Life annuity
   annuitization options      Life annuity with period certain
- --------------------------------------------------------------------------------


o Life annuity: An annuity that guarantees payments for the rest of the
  annuitant's life. Payments end with the last monthly payment before the
  annuitant's death. Because there is no continuation of benefits following the
  annuitant's death with this annuitization option, it provides the highest
  monthly payment of any of the life annuity options, so long as the annuitant
  is living.

o Life annuity with period certain: An annuity that guarantees payments for the
  rest of the annuitant's life. If the annuitant dies before the end of a
  selected period of time ("period certain"), payments continue to the
  beneficiary for the balance of the period certain. The period certain cannot
  extend beyond the annuitant's life expectancy. A life annuity with a period
  certain is the form of annuity under the contract that you will receive if you
  do not elect a different annuitization option. In this case, the period
  certain will be based on the annuitant's age and will not exceed 10 years.

o Life annuity with refund certain: An annuity that guarantees payments for the
  rest of the annuitant's life. If the annuitant dies before the amount applied
  to purchase the annuity option has been recovered, payments to the beneficiary
  will continue until that amount has been recovered. This annuitization option
  is available only as a fixed annuity.

o Period certain annuity: An annuity that guarantees payments for a specific
  period of time, usually 5, 10, 15, or 20 years. This guaranteed period may not
  exceed the annuitant's life expectancy. This option does not guarantee
  payments for the rest of the annuitant's life. It does not permit any
  repayment of the unpaid principal, so you cannot elect to receive part of the
  payments as a single sum payment with the rest paid in monthly annuity
  payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life, and after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.

Annuity purchase factors. Annuity purchase factors are the factors applied to
determine your periodic payments under the annuitization options. The
guaranteed annuity purchase factors are those factors specified in your
contract. The current annuity purchase factors are those factors that are in
effect at any given time. Annuity purchase factors are based on interest rates,
mortality tables, frequency of payments, the form of annuity benefit, and the
annuitant's (and any joint annuitant's) age and sex in certain instances.


FIXED ANNUITIZATION OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.


VARIABLE IMMEDIATE ANNUITY ANNUITIZATION OPTION

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity annuitization option, you should read the prospectus which
contains important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of EQ Advisors Trust and
AXA Premier VIP Trust. The contract also offers a fixed income annuity
annuitization option that can be elected in combination with the variable
income annuity annuitization option. The amount of each variable income annuity
payment will fluctuate, depending upon the performance of the variable
investment options, and whether the actual rate of investment return is higher
or lower than an assumed base rate.


THE AMOUNT APPLIED TO PURCHASE AN ANNUITIZATION OPTION

The amount applied to purchase an annuitization option varies, depending on the
annuitization option that you choose, and the timing of your purchase as it
relates to any withdrawal charges.

For the fixed annuitization options and Variable Immediate Annuity
annuitization options, no withdrawal charge is imposed if you select a life
annuity, life annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your AXA Equitable Retirement Income for
Life(SM) contract is imposed if you select a non-life contingent period certain
payout annuity. If the period certain is more than 5 years, then the withdrawal
charge deducted will not exceed 5% of the account value.



SELECTING AN ANNUITIZATION OPTION

When you select an annuitization option, we will issue you a separate written
agreement confirming your right to receive annuity payments.


                                                        Accessing your money  29






We require you to return your contract before annuity payments begin. The
contract owner and annuitant must meet the issue age and payment requirements.


You can choose the date annuity payments begin but it may not be earlier than
13 months from the AXA Equitable Retirement Income for Life(SM) contract date.
You can change the date your annuity payments are to begin anytime before that
date as long as you do not choose a date later than the 28th day of any month.
Also, that date may not be later than the annuity maturity date described
below.


The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed.


If, at the time you elect an annuitization option, the amount to be applied is
less than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the annuitization option chosen.



YOUR CONTRACT'S MATURITY DATE

Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.

If your contract is annuitized at maturity, we will offer an annuity payout
option that guarantees you will receive payments for life that are at least
equal to what you would have received under the AXA Equitable Retirement Income
for Life(SM) benefit. As described in "Contract features and benefits" under
"AXA Equitable Retirement Income for Life(SM) benefit," these payments will have
the potential to increase with favorable investment performance. Any remaining
Guaranteed minimum death benefit value will be transferred to the annuity payout
contract as your "minimum death benefit." The minimum death benefit will be
reduced by each payment. If you die while there is any minimum death benefit
remaining, it will be paid to your beneficiary.

Please see Appendix IV later in this Prospectus for variations that may apply
in your state.



30  Accessing your money





5.  Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS
We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o A mortality and expense risks charge

o An administrative charge

o A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o At the time you make certain withdrawals or surrender your contract -- a
  withdrawal charge.

o On each contract date anniversary -- a charge for the AXA Equitable
  Retirement Income for Life(SM) benefit. We will deduct a pro rata portion of
  this charge upon contract surrender, annuitization or death benefit
  payment.

o At the time annuity payments are to begin -- charges designed to approximate
  certain taxes that may be imposed on us, such as premium taxes in your
  state. An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.

The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net
assets in each variable investment option to compensate us for mortality and
expense risks, including the Guaranteed minimum death benefit. The daily charge
is equivalent to an annual rate of 0.75% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option. The charge is to compensate us for administrative
expenses under the contracts. The daily charge is equivalent to an annual rate
of 0.30% of the net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.20%
of the net assets in each variable investment option.



WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed your Guaranteed
annual payment amount, described in "Your Guaranteed annual payment amount"
under "AXA Equitable Retirement Income for Life(SM) benefit" in "Contract
features and benefits" earlier in this Prospectus, or (2) if you surrender your
contract to receive its cash value or apply your cash value to a non-life
contingent annuitization option. If you surrender your contract or apply your
cash value to a non-life contingent annuitization option, the withdrawal charge
will apply to your entire surrender amount, without any reduction due to the
Guaranteed annual payment amount. For more information about the withdrawal
charge if you select an annuity payout option, see "Your annuity payout
options--The amount applied to purchase an annuitization option" in "Accessing
your money" earlier in the Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn. The
percentage that applies depends on how long each contribution has been invested
in the contract. We determine the withdrawal charge separately for each
contribution according to the following table:


                                                        Charges and expenses  31





- --------------------------------------------------------------------------------
                                Contract year
- --------------------------------------------------------------------------------
                                   1     2     3     4     5     6     7    8+
  Percentage of    Annuitant
   contribution    ages 55-80      7%    7%    6%    6%    5%    3%    1%    0%
- --------------------------------------------------------------------------------
                   Annuitant
                  ages 81-85*      5%    4%    3%    2%    1%    0%    0%    0%
- --------------------------------------------------------------------------------

For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1." Amounts withdrawn up
to your Guaranteed annual payment amount are not considered withdrawal of any
contribution. We also treat contributions that have been invested the longest
as being withdrawn first. We treat contributions as withdrawn before earnings
for purposes of calculating the withdrawal charge. However, federal income tax
rules treat earnings under your contract as withdrawn first. See "Tax
information" later in this Prospectus.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover our sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit" and
"How withdrawals affect your Guaranteed minimum death benefit" earlier in the
Prospectus.


The withdrawal charge does not apply in the circumstances described below.

Free withdrawal amount. We will waive any withdrawal charge for any withdrawal
during the contract year up to the Guaranteed annual payment amount. See "Your
Guaranteed annual payment amount" under "AXA Equitable Retirement Income for
Life(SM) benefit" in "Contract features and benefits" earlier in this Prospectus
for information about how your Guaranteed annual payment amount is calculated.
Each withdrawal, however, reduces your free withdrawal amount for that contract
year by the amount of the withdrawal. Withdrawal charges are generally applied
to the amount of the withdrawal that exceeds the Guaranteed annual payment
amount. See "Withdrawal charge" earlier in this section.

Disability, terminal illness, or confinement to nursing home.
The withdrawal charge also does not apply if:

(i)   The owner has qualified to receive Social Security disability benefits as
      certified by the Social Security Administration; or

(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that the owner's life expectancy is six months or less; or

(iii) The owner has been confined to a nursing home for more than 90 days (or
      such other period, as required in your state) as verified by

- ----------------------
*  For Connecticut contracts, please see Appendix IV later in this Prospectus
   for state variations.

     a licensed physician. A nursing home for this purpose means one that is
     (a) approved by Medicare as a provider of skilled nursing care service, or
     (b) licensed as a skilled nursing home by the state or territory in which
     it is located (it must be within the United States, Puerto Rico, or U.S.
     Virgin Islands) and meets all of the following:

- - its main function is to provide skilled, intermediate, or custodial nursing
  care;
- - it provides continuous room and board to three or more persons;
- - it is supervised by a registered nurse or licensed practical nurse;
- - it keeps daily medical records of each patient;
- - it controls and records all medications dispensed; and
- - its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions described in (i), (ii) or
(iii) above existed at the time a contribution was remitted or if the condition
began within 12 months of the period following remittance. Some states may not
permit us to waive the withdrawal charge in the above circumstances, or may
limit the circumstances for which the withdrawal charge may be waived. Your
financial professional can provide more information or you may contact our
processing office.

The withdrawal charge does not apply to contracts issued in certain exchange
programs that may be offered to owners of eligible contracts. Any such program
will be described in the prospectus for the eligible contracts. You may contact
your financial professional for more information.


GUARANTEED MINIMUM DEATH BENEFIT CHARGE

There is no additional charge for the Guaranteed minimum death benefit.


AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM) BENEFIT CHARGE


If the contract is based on a Single life, the charge is equal to 0.65% of your
Income base. If the contract is based on a Joint life (not available as a QP or
TSA contract), the charge is equal to 0.80%. We will deduct this charge
annually on each contract date anniversary from your value in the variable
investment options on a pro rata basis.


For Joint life contracts, if the successor owner is dropped before you take
your first withdrawal, we will adjust the charge at that time to reflect a
Single life. After the Guaranteed annual payments begin, the charge will remain
0.80% even if you drop the successor owner from your contract.

We will deduct a pro rata portion of the charge upon contract surrender,
annuitization or death benefit payment.

If you change ownership of the contract, both the charge and the benefit are
terminated.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we


32  Charges and expenses





deduct the charge from the amount applied to provide an annuitization option.
The current tax charge that might be imposed varies by jurisdiction and ranges
from 0% to 3.5%.


VARIABLE IMMEDIATE ANNUITY ANNUITIZATION OPTION
ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity annuitization option. This option may not be available at the
time you elect to annuitize or it may have a different charge.



CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:

o Management fees ranging from 0.05% to 0.10%.


o 12b-1 fees of 0.25%.

o Operating expenses, such as trustees' fees, independent public accounting
  firms' fees, legal counsel fees, administrative service fees, custodian fees
  and liability insurance.


o Investment related expenses such as brokerage commissions.

These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectus for the Trust.



GROUP OR SPONSORED ARRANGEMENTS


For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge, or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum death
benefit or offer variable investment options that invest in shares of the
Trusts that are not subject to the 12b-1 fee. Group arrangements include those
in which a trustee or an employer, for example, purchases contracts covering a
group of individuals on a group basis. Group arrangements are not available for
IRA contracts. Sponsored arrangements include those in which an employer allows
us to sell contracts to its employees or retirees on an individual basis.


Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
the Employee Retirement Income Security Act of 1974 ("ERISA"), or both. We make
no representations with regard to the impact of these and other applicable laws
on such programs. We recommend that employers, trustees, and others purchasing
or making contracts available for purchase under such programs seek the advice
of their own legal and benefits advisers.


OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.


                                                        Charges and expenses  33




6. Effect of death

- --------------------------------------------------------------------------------

In general, if you die while the contract is in force, the contract terminates
and the applicable death benefit is paid. There are various circumstances,
however, in which the contract continues in force with a successor owner, a
successor owner/annuitant or under a Beneficiary continuation option ("BCO").
In some of the circumstances, the AXA Equitable Retirement Income for Life(SM)
benefit terminates even though the contract continues.

The effect of death on your AXA Equitable Retirement Income for Life(SM)
contract and benefit varies depending on the circumstances. This chart
summarizes the effect of death on contract continuation, AXA Equitable
Retirement Income for Life(SM) benefit continuation, and payment of a death
benefit in various situations. For more information about our successor
owner/annuitant and beneficiary continuation options, please see "Successor
owner and annuitant" and "Beneficiary continuation option" later in this
section.


A.    IF DEATH OCCURS BEFORE THE ACCOUNT VALUE FALLS TO ZERO OR BEFORE YOU
ELECT AN ANNUITIZATION OPTION:


- --------------------------------------------------------------------------------
 Single life contracts:
- --------------------------------------------------------------------------------
IF THE DECEASED IS THE         AND       AND
- --------------------------------------------------------------------------------
Contract Owner   Is also the annuitant   The beneficiary is the surviving
                                         spouse
- --------------------------------------------------------------------------------
Contract Owner   Is also the annuitant   The beneficiary is not the sur-
                                         viving spouse
- --------------------------------------------------------------------------------
Contract Owner   Annuitant is living     Beneficiary is either spouse or
                                         non-spouse
- --------------------------------------------------------------------------------
Annuitant        The owner is living
- --------------------------------------------------------------------------------
Annuitant        Owner is non-natural    Beneficiary is the spouse of the
                                         annuitant
- --------------------------------------------------------------------------------
Annuitant        Owner is non-natural    Beneficiary is not the spouse of
                                         the annuitant



- --------------------------------------------------------------------------------
IF THE DECEASED  THEN
- --------------------------------------------------------------------------------
Contract Owner   The AXA Equitable Retirement Income for Life(SM) benefit
                 terminates, and the death benefit is payable. Your spouse
                 can continue the contract, without the AXA Equitable
                 Retirement Income for Life(SM) benefit, under either the suc-
                 cessor owner/annuitant or Beneficiary continuation options.
- --------------------------------------------------------------------------------
Contract Owner   The AXA Equitable Retirement Income for Life(SM) benefit
                 terminates, and the death benefit is payable. Your benefi-
                 ciary can continue the contract, without the AXA Equitable
                 Retirement Income for Life(SM) benefit, under the Beneficiary
                 continuation option.
- --------------------------------------------------------------------------------
Contract Owner   The AXA Equitable Retirement Income for Life(SM) benefit
                 terminates, and the death benefit is payable. The contract,
                 without the AXA Equitable Retirement Income for Life(SM)
                 benefit, can be continued under the Beneficiary continua-
                 tion option.
- --------------------------------------------------------------------------------
Annuitant        You become the annuitant, the contract and AXA Equitable
                 Retirement Income for Life(SM) benefit continue, and no death
                 benefit is payable.
- --------------------------------------------------------------------------------
Annuitant        The AXA Equitable Retirement Income for Life(SM) benefit
                 terminates, and the death benefit is payable. Your spouse
                 can continue the contract, without the AXA Equitable
                 Retirement Income for Life(SM) benefit, as the annuitant or
                 under the Beneficiary continuation option.
- --------------------------------------------------------------------------------
Annuitant        The AXA Equitable Retirement Income for Life(SM) benefit
                 terminates, and the death benefit is payable. Your benefi-
                 ciary can continue the contract, without the AXA Equitable
                 Retirement Income for Life(SM) benefit, under the Beneficiary
                 continuation option.
- --------------------------------------------------------------------------------


34 Effect of death





- --------------------------------------------------------------------------------
                           Joint life contracts:*
- --------------------------------------------------------------------------------
IF THE DECEASED IS THE           AND        AND
- --------------------------------------------------------------------------------
Contract Owner    Is also the annuitant     The successor owner is living
- --------------------------------------------------------------------------------
Contract Owner    The annuitant is living   The successor owner is also
                                            living
- --------------------------------------------------------------------------------
Contract Owner    The successor owner is    The annuitant is living
                  also dead
- --------------------------------------------------------------------------------
Successor Owner   The owner is living       The annuitant is living
- --------------------------------------------------------------------------------
Annuitant         Owner is living           Successor owner is also living
- --------------------------------------------------------------------------------
Annuitant         Owner is also dead        Successor owner is living
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
IF THE DECEASED IS THE THEN
- --------------------------------------------------------------------------------
Contract Owner    The successor owner becomes the sole owner and annuitant
                  and the contract and AXA Equitable Retirement Income for
                  Life(SM) benefit continue.
- --------------------------------------------------------------------------------
Contract Owner    The successor owner becomes the sole owner and the con-
                  tract and AXA Equitable Retirement Income for Life(SM)
                  benefit continue.

                  In both situations:

                  o If withdrawals have been taken, the contract continues
                    with the Joint life charge and with payments over the
                    successor owner's life only.

                  o If no withdrawals have been taken, the Applicable per-
                    centage will be based on the age of the successor owner
                    at the time of the first withdrawal (even if he/she had
                    been the older spouse). Charges will be reduced to the
                    Single life charge prospectively.
- --------------------------------------------------------------------------------
Contract Owner    The AXA Equitable Retirement Income for Life(SM) benefit
                  terminates, and the death benefit is payable. The contract
                  can be continued under the Beneficiary continuation option.
- --------------------------------------------------------------------------------
Successor Owner   o The AXA Equitable Retirement Income for Life(SM) benefit
                    continues.

                  o If withdrawals have been taken, the contract continues
                    with the Joint life charge and with payments over the
                    owner's life only.

                  o If no withdrawals have been taken:

                  o The owner may name a new spouse as successor
                    owner; the Applicable percentage will be based on
                    the age of the younger spouse at the time of the
                    first withdrawal.

                  o The owner may also choose to continue the contract
                    as a Single life; the Single life charge will apply pro-
                    spectively. The Applicable percentage will be based
                    on the age of the owner at the time of the first with-
                    drawal (even if the owner had been the older
                    spouse).
- --------------------------------------------------------------------------------
Annuitant         The AXA Equitable Retirement Income for Life(SM) benefit
                  continues, you become the annuitant and the contract con-
                  tinues.
- --------------------------------------------------------------------------------
Annuitant         The successor owner becomes the sole owner and the annu-
                  itant, and the contract and AXA Equitable Retirement
                  Income for Life(SM) benefit continue.

                  o If withdrawals have been taken, the contract continues
                    with the Joint life charge and with payments over the
                    successor owner's life only.

                  o If no withdrawals have been taken, the Applicable per-
                    centage will be based on the age of the successor owner
                    at the time of the first withdrawal (even if he/she had
                    been the older spouse). Charges will be reduced to the
                    Single life charge prospectively.
- --------------------------------------------------------------------------------

                                                              Effect of death 35





- --------------------------------------------------------------------------------
                          Joint life contracts:*
- --------------------------------------------------------------------------------
IF THE DECEASED IS THE  AND                    AND
- --------------------------------------------------------------------------------
Annuitant               Owner is non-natural   Joint annuitant is living
- --------------------------------------------------------------------------------
Both Joint Annuitants   Owner is non-natural



- --------------------------------------------------------------------------------
IF THE DECEASED IS THE THEN
- --------------------------------------------------------------------------------
Annuitant               The joint annuitant becomes the sole annuitant, and the
                        contract and AXA Equitable Retirement Income for
                        Life(SM) benefit continue.

                        o If withdrawals have been taken, the contract continues
                          with the Joint life charge and with payments over the
                          remaining joint annuitant's life only.

                        o If no withdrawals have been taken, the Applicable
                          percentage will be based on the age of the surviving
                          annuitant at the time of the first withdrawal (even
                          if he/she had been the older spouse). Charges will be
                          reduced to the Single life charge prospectively.
- --------------------------------------------------------------------------------
Both Joint Annuitants   The AXA Equitable Retirement Income for Life(SM) benefit
                        terminates and the death benefit is payable. The
                        contract can be continued under the Beneficiary
                        continuation option.
- --------------------------------------------------------------------------------
* If the successor owner or joint annuitant is no longer the spouse at the time
  of death, other rules may apply. See "Your beneficiary and pay
  ment of death benefit" later in this section.


B.  IF DEATH OCCURS AFTER ISSUANCE OF THE SUPPLEMENTARY LIFE ANNUITY CONTRACT

As discussed under "Effect of your account value falling to zero" in "Contract
features and benefits" earlier in this Prospectus, we will issue a
supplementary life annuity contract if your account value falls to zero either
due to a withdrawal or surrender that is not an Excess withdrawal or due to a
deduction of charges. We will continue guaranteed payments; the owner of the
AXA Equitable Retirement Income for Life(SM) contract becomes the owner and
annuitant; and any successor owner becomes a joint annuitant. When the
owner/annuitant (or if there are joint annuitants, the surviving annuitant)
dies, all payments stop, and any remaining death benefit will be paid.





- -------------------------------------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM) Life Annuity -- Single life:
- -------------------------------------------------------------------------------------------------------------
                                      
IF THE DECEASED IS THE   AND       AND         THEN
- -------------------------------------------------------------------------------------------------------------
Contract Owner/                                The remaining death benefit, if any, will be paid to the ben-
Annuitant                                      eficiary in a lump sum and the contract ends.
- -------------------------------------------------------------------------------------------------------------
Annuitant         Owner is non-natural         The remaining death benefit, if any, will be paid to the ben-
                                               eficiary in a lump sum and the contract ends.
- -------------------------------------------------------------------------------------------------------------





- -------------------------------------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM) Life Annuity -- Joint life:
- -------------------------------------------------------------------------------------------------------------
                                        
IF THE DECEASED IS THE  AND        AND           THEN
- -------------------------------------------------------------------------------------------------------------
Contract Owner/         The joint annuitant is   o The joint annuitant becomes the sole owner. Payments
Annuitant               living                     continue to the joint annuitant until his/her death.

                                                 o If the joint annuitant dies, the remaining death benefit, if
                                                   any, will be paid to the beneficiary in a lump sum and the
                                                   contract ends.
- -------------------------------------------------------------------------------------------------------------
Joint Annuitant   The owner/annuitant is         o The contract continues with payments made to the
                  living                           owner/annuitant.

                                                 o If the owner/annuitant dies, the remaining death benefit,
                                                   if any, will be paid to the beneficiary in a lump sum and
                                                   the contract ends.
- -------------------------------------------------------------------------------------------------------------



36 Effect of death







- ----------------------------------------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM) Life Annuity -- Joint life:
- ----------------------------------------------------------------------------------------------------------------
                                                
Annuitant                      Owner is non-natural   Joint annuitant is living   o The joint annuitant
                                                                                    becomes the sole annuitant
                                                                                    and payments continue to the
                                                                                    non-natural owner until the
                                                                                    surviving joint annuitant's
                                                                                    death.

                                                                                  o If the joint annuitantdies,
                                                                                    the remaining death benefit,
                                                                                    if any, will be paid to the
                                                                                    beneficiary in a lump sum and
                                                                                    the contract ends.
- -----------------------------------------------------------------------------------------------------------------



C. IF YOU HAVE ELECTED AN ANNUITIZATION OPTION AND DEATH OCCURS ON OR AFTER THE
   ANNUITY COMMENCEMENT DATE:


o The terms of the elected annuitization option supplementary contract will
  be followed.



                                                             Effect of death  37





YOUR BENEFICIARY AND PAYMENT OF DEATH BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective on the date the
written request for the change is received in our processing office. We are not
responsible for any beneficiary change request that we do not receive. We will
send you a written confirmation when we receive your request.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian must be the beneficiary so that the custodian can reinvest or
distribute the death benefit as the beneficiary of the account desires.


The death benefit is equal to your account value or, if greater, the Guaranteed
minimum death benefit. We determine the amount of the applicable death benefit
as of the date we receive satisfactory proof of the owner's, successor owner's,
annuitant's and/or joint annuitant's death (as applicable), any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. See the chart above in this section for
more information.


We will pay the death benefit to the beneficiary in the form of the
annuitization option you have chosen. If you have not chosen an annuitization
option as of the time the death benefit becomes payable, the beneficiary will
receive the death benefit in a single sum. Payment of the death benefit in a
single sum terminates all rights and any applicable guarantees under the
contract, including the AXA Equitable Retirement Income for Life(SM) benefit.
Subject to any exceptions in the contract, our rules and any applicable
requirements under federal income tax rules, the beneficiary may elect to apply
the death benefit to one or more annuitization options we offer at the time.
See "Your annuitization options" in "Accessing your money" earlier in this
Prospectus. Please note that any annuitization option chosen may not extend
beyond the life expectancy of the beneficiary. The Beneficiary continuation
option may also be available.

Federal income tax rules generally require payment of amounts under a
non-qualified (NQ) annuity contract upon the death of the owner. If the owner's
surviving spouse is the individual designated to receive any such payments, no
payments are required to be made until after the surviving spouse's death. See
discussion of "Successor owner and annuitant" below. If the person designated
to receive payments under the contract upon the owner's death is not the
surviving spouse, then the federal income tax rules generally require payments
of amounts under the contract to be made within five years of the owner's
death. A five year delay is unavailable unless the beneficiary elects the
Beneficiary continuation option. In certain cases, an individual beneficiary
may opt to receive payments over his/her life (or over a period not in excess
of his/her life expectancy) if payments commence within one year of the owner's
death. See discussion of the "Beneficiary continuation option" below.


SUCCESSOR OWNER AND ANNUITANT

If you are both the contract owner and the annuitant, and your spouse is the
sole primary beneficiary, then your spouse may elect to receive the death
benefit or continue the contract as successor owner/annuitant and the AXA
Equitable Retirement Income for Life(SM) benefit terminates. The successor
owner/annuitant must be 85 or younger as of the date of the your death.

If your surviving spouse decides to continue the contract, then as of the date
we receive satisfactory proof of your death, any required instructions,
information and forms necessary to effect the successor owner/annuitant
feature, we will increase the account value to equal your Guaranteed minimum
death benefit if such death benefit is greater than such account value. The
increase in the account value will be allocated to the investment options
according to the allocation percentages we have on file for your contract.
Thereafter, withdrawal charges will no longer apply to contributions made
before your death. No additional contributions will be permitted. The
Guaranteed minimum death benefit that was in effect at your death will
continue.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.


BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. If the designated individual exercises this option, the AXA
Equitable Retirement Income for Life(SM) benefit terminates, and the charge is
discontinued. This feature is not available after a supplementary contract has
been issued. Under a Joint life contract (not available as a QP or TSA
contract), this feature is only available after the death of both the owner and
the successor owner. We make this option available to beneficiaries under
traditional IRA, Roth IRA and NQ contracts, subject to state availability.
Please speak with your financial professional or see Appendix IV later in this
Prospectus for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the


38  Effect of death





year of your death. For sole spousal beneficiaries, payments may begin by
December 31st of the calendar year in which you would have reached age 70-1/2,
if such time is later. For traditional IRA contracts only, if you die before
your Required Beginning Date for Required Minimum Distributions, as discussed
later in this Prospectus in "Tax information" under "Individual retirement
arrangements (IRAs)," the beneficiary may choose the "5-year rule" option
instead of annual payments over life expectancy. The 5-year rule is always
available to beneficiaries under Roth IRA contracts. If the beneficiary chooses
this option, the beneficiary may take withdrawals as desired, but the entire
account value must be fully withdrawn by December 31st of the calendar year
which contains the fifth anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o The contract continues in your name for the benefit of your beneficiary.

o This feature is only available if the beneficiary is an individual. Certain
  trusts with only individual beneficiaries will be treated as individuals for
  this purpose.

o As of the date we receive satisfactory proof of death, any required
  instructions, information and forms necessary to effect the Beneficiary
  continuation option feature, we will increase the account value to equal the
  applicable death benefit if such death benefit is greater than such account
  value.

o If there is more than one beneficiary, each beneficiary's share will be
  separately accounted for. It will be distributed over the beneficiary's own
  life expectancy, if payments over life expectancy are chosen.

o The minimum amount that is required in order to elect the beneficiary
  continuation option is $5,000 for each beneficiary.

o The beneficiary may make transfers among the investment options but no
  additional contributions will be permitted.

o The AXA Equitable Retirement Income for Life(SM) benefit will no longer be in
  effect and charges for the benefit will stop. Also, the Guaranteed minimum
  death benefit feature will no longer be in effect.

o The beneficiary may choose at any time to withdraw all or a portion of the
  account value and no withdrawal charges, if any, will apply.

o Any partial withdrawal must be at least $300.

o Your beneficiary will have the right to name a beneficiary to receive any
  remaining interest in the contract.

o Upon the death of your beneficiary, the beneficiary he or she has named has
  the option to either continue taking required minimum distributions based on
  the remaining life expectancy of the deceased beneficiary or to receive any
  remaining interest in the contract in a lump sum. The option elected will be
  processed when we receive satisfactory proof of death, any required
  instructions for the method of payment and any required information and forms
  necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, must be elected within nine months following the date of
your death and before any other inconsistent election is made. Beneficiaries
who do not make a timely election will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts (regardless of
whether the owner and annuitant are the same person):

o This feature is only available if the beneficiary is an individual. It is not
  available for any entity such as a trust, even if all of the beneficiaries of
  the trust are individuals.

o The contract continues in your name for the benefit of your beneficiary.

o As of the date we receive satisfactory proof of death, any required
  instructions, information and forms necessary to effect the Beneficiary
  continuation option feature, we will increase the annuity account value to
  equal the applicable death benefit if such death benefit is greater than such
  account value.

o If there is more than one beneficiary, each beneficiary's share will be
  separately accounted for. It will be distributed over the respective
  beneficiary's own life expectancy, if scheduled payments are chosen.

o The minimum amount that is required in order to elect the beneficiary
  continuation option is $5,000 for each beneficiary.

o The beneficiary may make transfers among the investment options but no
  additional contributions will be permitted.

o The AXA Equitable Retirement Income for Life(SM) benefit will no longer be in
  effect and the charge for the benefit will stop. Also, the Guaranteed minimum
  death benefit feature will no longer be in effect.

o The beneficiary may choose at any time to withdraw all or a portion of the
  account value and no withdrawal charges, if any, will apply.

o Any partial withdrawals must be at least $300.

o If the beneficiary chooses the "5-year rule," withdrawals may be made at any
  time. If the beneficiary instead chooses scheduled payments, the beneficiary
  must also choose between two potential withdrawal options at the time of
  election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
  cannot later withdraw funds in addition to the scheduled payments the
  beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
  "Withdrawal Option 2" permits the beneficiary to take withdrawals, in addition
  to scheduled payments, at any time. However, the scheduled payments under
  "Withdrawal Option 1" are afforded favorable


                                                             Effect of death  39





  tax treatment as "annuity payments." See "Taxation of nonqualified
  annuities" in "Tax Information" later in this Prospectus.

o Your beneficiary will have the right to name a beneficiary to receive any
  remaining interest in the contract on the beneficiary's death.

o Upon the death of your beneficiary, the beneficiary he or she has named has
  the option to either continue taking scheduled payments based on the remaining
  life expectancy of the deceased beneficiary (if scheduled payments were
  chosen) or to receive any remaining interest in the contract in a lump sum. We
  will pay any remaining interest in the contract in a lump sum if your
  beneficiary elects the 5-year rule. The option elected will be processed when
  we receive satisfactory proof of death, any required instructions for the
  method of payment and any required information and forms necessary to effect
  payment.

If the owner and annuitant are not the same person:

o The beneficiary automatically becomes the new annuitant of the contract,
  replacing the existing annuitant.


40  Effect of death





7.  Tax information

- --------------------------------------------------------------------------------

OVERVIEW
In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to AXA Equitable Retirement Income for Life(SM) contracts
owned by United States individual taxpayers. The tax rules can differ,
depending on the type of contract, whether NQ, traditional IRA, Roth IRA, QP or
TSA. Therefore, we discuss the tax aspects of each type of contract separately.



Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict, what, if any, legislation
will actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.



BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT

Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b)
Arrangements ("TSAs"), respectively: an IRA or 403(b) annuity contract such as
this one, or an IRA or 403(b)(7) custodial or other qualified account. Annuity
contracts can also be purchased in connection with retirement plans qualified
under Code Section 401 ("QP contracts"). How these arrangements work, including
special rules applicable to each, are described in the specific sections for
each type of arrangement, below. You should be aware that the funding vehicle
for a qualified arrangement does not provide any tax deferral benefit beyond
that already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as the death benefit, the AXA Equitable Retirement
Income for Life(SM) benefit, its selection of variable investment options, and
its choices of annuitization options, as well as the features and benefits of
other permissible funding vehicles and the relative costs of annuities and
other arrangements. You should be aware that cost may vary depending on the
features and benefits made available and the charges and expenses of the
variable investment options that you elect.

Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. You should consider
the potential implication of these Regulations before you purchase this annuity
contract. See also Appendix II at the end of this Prospectus for a discussion
of QP contracts.


TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.


TAXATION OF PAYMENTS FROM NQ CONTRACTS


CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.


CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract. However, earnings are taxable, even without a
distribution:

o if a contract fails investment diversification requirements as specified in
  federal income tax rules (these rules are based on or are similar to those
  specified for mutual funds under the securities laws);

o if you transfer a contract, for example, as a gift to someone other than your
  spouse (or former spouse);

o if you use a contract as security for a loan (in this case, the amount pledged
  will be treated as a distribution); and

o if the owner is other than an individual (such as a corporation, partnership,
  trust, or other non-natural person).

This provision does not apply to a trust which is a mere agent or nominee for
an individual, such as a grantor trust. This provision does not apply to a
trust which is a mere agent or nominee for an individual, such as a grantor
trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.


TAXATION OF LIFETIME WITHDRAWALS

We treat Guaranteed annual payments and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are

                                                             Tax information  41





taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable. If
you withdraw an amount which is more than the earnings in the contract as of
the date of the withdrawal, the balance of the distribution is treated as a
return of your investment in the contract and is not taxable. It reduces the
investment in the contract.


ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under "AXA
Equitable Retirement Income for Life(SM) benefit" in "Contract features and
benefits" earlier in this Prospectus, as well as annuitization payments that
are based on the annuitant's life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your unrecovered investment in the contract by the total amount
you are expected to receive out of the contract, and (2) multiplying the result
by the amount of the payment. For variable annuity payments, your tax-free
portion of each payment is your investment in the contract divided by the
number of expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.


CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o the contract that is the source of the funds you are using to purchase the NQ
  contract is another nonqualified deferred annuity contract or life insurance
  or endowment contract.

o the owner and the annuitant are the same under the source contract and the AXA
  Equitable Retirement Income for Life(SM) NQ contract. If you are using a life
  insurance or endowment contract the owner and the insured must be the same on
  both sides of the exchange transaction.


Section 1035 exchanges are generally not available after the death of the owner
(or the annuitant in a non-natural owner contract).


If you have a jointly owned contract which is a source contract, you must
designate one spouse as owner and the other spouse as the successor owner of
the AXA Equitable Retirement Income for Life(SM) contract.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the AXA Equitable Retirement Income for Life(SM)
NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required
to process this type of an exchange.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract. A surrender will terminate or alter the AXA Equitable Retirement
Income for Life(SM) benefit.


DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH

For the rules applicable to death benefits, see "Effect of death" earlier in
this Prospectus. The tax treatment of a death benefit taken as a single sum is
generally the same as the tax treatment of a withdrawal from or surrender of
your contract. The tax treatment of a death benefit taken as annuity payments
is generally the same as the tax treatment of annuity payments under your
contract.


BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under a different NQ contract for a
beneficiary continuation option for NQ contracts. See the discussion
"Beneficiary continuation option for NQ Contracts only" in "Effect of death"
earlier in this Prospectus. Among other things, the IRS rules that:

o scheduled payments under a beneficiary continuation option for NQ contracts
  satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
  of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
  2";

o scheduled payments, any additional withdrawals under "Withdrawal Option 2", or
  contract surrenders under "Withdrawal Option 1" will only be taxable to the
  beneficiary when amounts are actually paid, regardless of the "Withdrawal
  Option" selected by the beneficiary;

o a beneficiary who irrevocably elects scheduled payments with "Withdrawal
  Option 1" will receive "excludable amount" tax treatment on scheduled
  payments. See "Annuity payments" earlier in this section. If the beneficiary
  elects to surrender the contract before all scheduled payments are paid, the
  amount received upon surrender is a non-annuity payment taxable to the extent
  it exceeds any remaining investment in the contract.



The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).


The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.


42  Tax information





EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2, a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o on or after your death; or

o because you are disabled (special federal income tax definition); or

o in the form of substantially equal periodic annuity payments for your life (or
  life expectancy), or the joint lives (or joint life expectancy) of you and a
  beneficiary, in accordance with IRS formulas. We do not anticipate that
  Guaranteed annual payments made under the AXA Equitable Retirement Income for
  Life(SM) benefit's Maximum or Customized payment plan or taken as lump sums
  will qualify for this exception if made before age 59-1/2.


INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, the IRS could reverse its
current guidance at any time. We reserve the right to modify your contract as
necessary to prevent you from being treated as the owner of the assets of
Separate Account 49.


SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.


INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)


GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets funding the account for the benefit of the IRA owner. The assets
typically include mutual funds and/or individual stocks and securities in a
custodial account, and bank certificates of deposit in a trusteed account. In
an individual retirement annuity, an insurance company issues an annuity
contract that serves as the IRA.

There are two basic types of IRAs, as follows:

o Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
  SIMPLE IRAs issued and funded in connection with employer-sponsored retirement
  plans; and

o Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA or Roth IRA, in both cases, Rollover only.
This Prospectus contains the information that the IRS requires you to have
before you purchase an IRA. The first section covers some of the special tax
rules that apply to traditional IRAs. The next section covers Roth IRAs. The
disclosure generally assumes direct ownership of the individual retirement
annuity contract. For contracts owned in a custodial individual retirement
account, the disclosure will apply only if you terminate your account or
transfer ownership of the contract to yourself.

We have not applied for an opinion letter from the IRS approving the forms of
the AXA Equitable Retirement Income for Life(SM) contract as a traditional or
Roth IRA, respectively. Such IRS approval is a determination only as to the
form of the annuity and does not represent a determination of the merits of the
annuity as an investment.

We describe the amount and types of charges that may apply to your
rollover/transfer payments under "Charges and expenses" earlier in this
Prospectus. We describe the method of calculating payments under "Accessing
your money" earlier in this Prospectus. We do not guarantee or project growth
in your variable income annuitization option payments (as opposed to payments
from the fixed income annuitization option).

Your right to cancel within a certain number of days

You can cancel any version of the AXA Equitable Retirement Income for Life(SM)
IRA contract (traditional IRA or Roth IRA) by following the directions in "Your
right to cancel with a certain number of days"


                                                             Tax information  43





under "Contract features and benefits" earlier in this Prospectus. If you
cancel a traditional IRA or Roth IRA contract, we may have to withhold tax, and
we must report the transaction to the IRS. A contract cancellation could have
an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)


Funding. Individuals may generally make three different types of contributions
to purchase a traditional IRA or as subsequent contributions to an existing
IRA:

o "regular" contributions out of earned income or compensation; or

o tax-free "rollover" contributions; or

o direct custodian-to-custodian transfers from other traditional IRAs ("direct
  transfers").

This AXA Equitable Retirement Income for Life(SM) IRA contract may be funded
through rollover or transfer of funds only and not through "regular" IRA
contributions out of your current earnings. Direct transfers may be made only
from another traditional individual retirement arrangement. Amounts may be
rolled over from another individual retirement arrangement within 60 days of
when you receive the funds (unless such funds have already been subject to
rollover from one individual retirement arrangement to another at any time
during the past 12-month period). Amounts may also be rolled over within 60
days of when you receive the funds or as a direct rollover of an eligible
rollover distribution from another eligible retirement plan. Other eligible
retirement plans include a governmental employer 457(b) or EDC plan, a
qualified plan or a 403(b) arrangement. The owner of the AXA Equitable
Retirement Income for Life(SM) IRA contract must also have been the owner of the
individual retirement arrangement that is the source of funds (or the eligible
retirement plan participant, as the case may be).


The surviving spouse beneficiary can roll over funds from a deceased owner's
individual retirement arrangement, or other eligible retirement plan to purchase
the AXA Equitable Retirement Income for Life(SM) IRA contract. In addition, the
AXA Equitable Retirement Income for Life(SM) IRA contract may be purchased with
rollover funds by a participant, a spouse, or a former spouse in a qualified
domestic relations order. We do not offer this contract to non-spousal
beneficiaries of eligible retirement plans. Also, the AXA Equitable Retirement
Income for Life(SM) IRA contract can be transferred between spouses or former
spouses as a result of a court-ordered divorce or separation decree.


Such a transfer may terminate or alter the AXA Equitable Retirement Income for
Life(SM) benefit.


Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o qualified plans;

o governmental employer 457(b) plans;

o TSAs (including Internal Revenue Code Section 403(b)(7) custo dial accounts);
  and

o other traditional IRAs.


Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.


Rollovers from "eligible retirement plans" other than
traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o Do it yourself:
  You actually receive a distribution that can be rolled over and you roll
  it over to a traditional IRA within 60 days after the date you receive the
  funds. The distribution from your eligible retirement plan will be net of
  20% mandatory federal income tax withholding. If you want, you can replace
  the withheld funds yourself and roll over the full amount.

o Direct rollover:
  You tell the trustee or custodian of the eligible retirement plan to send
  the distribution directly to your traditional IRA issuer. Direct rollovers
  are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o "required minimum distributions" after age 70-1/2 or retirement from service
  with the employer; or

o substantially equal periodic payments made at least annually for your life (or
  life expectancy) or the joint lives (or joint life expectancies) of you and
  your designated beneficiary; or

o substantially equal periodic payments made for a specified period of 10 years
  or more; or

o hardship withdrawals; or

o corrective distributions that fit specified technical tax rules; or

o loans that are treated as distributions; or

o death benefit payments to a beneficiary who is not your surviving spouse; or

o qualified domestic relations order distributions to a beneficiary who is not
  your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b)


44  Tax information





plan are not subject to the additional 10% federal income tax penalty for
premature distributions, but they may become subject to this penalty if you
roll the funds to a different type of eligible retirement plan, such as a
traditional IRA, and subsequently take a premature distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court-ordered divorce or separation decree.


Excess contributions

If amounts that are not eligible to be rolled over are in fact rolled over to
the AXA Equitable Retirement Income for Life(SM) IRA contract, they may be
subject to a 6% excise tax, unless withdrawn as described in IRS Publication
590.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the
end of any year in which you have received a distribution from any traditional
IRA, you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus
all traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o the amount received is a withdrawal of excess contributions, as described
  under "Excess contributions" earlier in this section; or

o the entire amount received is rolled over to another traditional IRA or other
  eligible retirement plan which agrees to accept the funds. (See "Rollovers
  from eligible retirement plans other than traditional IRAs" under "Rollover
  and transfer contributions to traditional IRAs" earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover. A rollover will terminate or alter the AXA Equitable
Retirement Income for Life(SM) benefit.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.

                                                             Tax information  45






Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


Required minimum distributions

Background on Regulations--Required Minimum Distributions. Distributions must
be made from traditional IRAs according to rules contained in the Code and
Treasury Regulations. Beginning in 2006, certain provisions of the Treasury
Regulations require that the actuarial present value of additional annuity
contract benefits must be added to the dollar amount credited for purposes of
calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed withdrawal benefits.
This could increase the amount required to be distributed from these contracts
if you take annual withdrawals instead of annuitizing. Please consult your tax
adviser concerning applicability of these complex rules to your situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum
distribution during the calendar year you actually reach age 70-1/2, or to
delay taking it until the first three-month period in the next calendar year
(January 1 - April 1). Distributions must start no later than your Required
Beginning Date, which is April 1st of the calendar year after the calendar year
in which you turn age 70-1/2. If you choose to delay taking the first annual
minimum distribution, then you will have to take two minimum distributions in
that year -- the delayed one for the first year and the one actually for that
year. Once minimum distributions begin, they must be made each year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuitization option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." If you elect our
Automatic RMD service, any RMD payment we make to you on December 1st will not
be treated as an Excess withdrawal as described earlier in this Prospectus
under "Lifetime required minimum distribution withdrawals" in "Accessing your
money." Even if you do not enroll in our service we will calculate the amount
of the required minimum distribution withdrawal for you, if you so request in
writing. However, in that case you will be responsible for asking us to pay the
required minimum distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.


46  Tax information





Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owners death. No distribution is required before that
fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from
your traditional IRA into his/her own traditional IRA or other eligible
retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Successor owner and annuitant

If your spouse is either the successor owner or the sole primary beneficiary
who elects to become the successor owner and annuitant, no death benefit is
payable until your surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.


Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include
distributions:

o on or after your death; or

o because you are disabled (special federal income tax definition); or

o used to pay certain extraordinary medical expenses (special federal income
  tax definition); or

o used to pay medical insurance premiums for unemployed indi viduals (special
  federal income tax definition); or

o used to pay certain first-time home buyer expenses (special fed eral income
  tax definition; $10,000 lifetime total limit for these distributions from all
  your traditional and Roth IRAs); or

o used to pay certain higher education expenses (special federal income tax
  definition); or

o in the form of substantially equal periodic payments made at least annually
  over your life (or your life expectancy) or over the joint lives of you and
  your beneficiary (or your joint life expectancies) using an IRS-approved
  distribution method. We do not anticipate that Guaranteed annual payments made
  under the AXA Equitable Retirement Income for Life(SM) benefit's Maximum or
  Customized payment plan or taken as lump sums will qualify for this exception
  if made before age 59-1/2.

Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The AXA Equitable Retirement Income for Life(SM) Roth IRA contract is designed
to qualify as a Roth individual retirement annuity under Sections 408A(b) and
408(b) of the Internal Revenue Code.


Contributions to Roth IRAs

Individuals may generally make four different types of contributions to a Roth
IRA:

o regular after-tax contributions out of earnings; or

o taxable rollover contributions from traditional IRAs ("conversion"
  contributions); or

                                                             Tax information  47





o  tax-free rollover contributions from other Roth arrangements; or

o  tax-free direct custodian-to-custodian transfers from other Roth
   IRAs ("direct transfers").

This AXA Equitable Retirement Income for Life(SM) Roth IRA contract may be
funded through rollover or transfer of funds only and not through "regular" IRA
after-tax contributions. If you use the forms we require, we will also accept
traditional after-tax IRA funds which are subsequently recharacterized as Roth
IRA funds following special federal income tax rules.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.



Rollovers and direct transfers


What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian, trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o another Roth IRA ("tax-free rollover contribution");

o from a "designated Roth contribution account" under a 401(k) plan or a 403(b)
  arrangement;

o another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
  rollover limitation period for SIMPLE IRA funds), in a taxable conversion
  rollover ("conversion contribution");


o you may not make contributions to a Roth IRA from a qualified plan under
  section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of the
  Internal Revenue Code or any other eligible retirement plan until 2008. You
  may make rollover contributions from a "designated Roth contribution account"
  under a 401(k) plan or a 403(b) arrangement which permits designated Roth
  elective deferral contributions to be made, beginning in 2006.


You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.
This may terminate or alter the AXA Equitable Retirement Income for Life(SM)
benefit.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA -- whether or not it is the traditional IRA you are converting
- -- a pro rata portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.


The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
computed without the gross income stemming from the traditional IRA conversion.
Modified adjusted gross income for this purpose will also exclude any lifetime
required minimum distribution from a traditional IRA.) You also cannot make
conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."


You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.


48  Tax information





Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to the special favorable ten-year averaging and long-term capital gain
treatment available in limited cases to certain distributions from qualified
plans.

The following distributions from Roth IRAs are free of income tax:

o Rollovers from a Roth IRA to another Roth IRA;

o Direct transfers from a Roth IRA to another Roth IRA;

o Qualified distributions from a Roth IRA; and

o Return of excess contributions or amounts recharacterized to a traditional
  IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o you are age 59-1/2; or older or

o you die; or

o you become disabled (special federal income tax definition); or

o your distribution is a "qualified first-time homebuyer distribution" (special
  federal income tax definition; $10,000 lifetime total limit for these
  distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally, total
     conversions from the earliest year first). These conversion contributions
     are taken into account as follows:

     (a) Taxable portion (the amount required to be included in gross
         income because of conversion) first, and then the

     (b) Nontaxable portion.

(3)  Earnings on contributions.


                                                             Tax information  49





Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped and added together as follows:

(1)  All distributions made during the year from all Roth IRAs you maintain --
     with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contributions made
     after the close of the year, but before the due date of your return) are
     added together. This total is added to the total undistributed regular
     contributions made in prior years.


(3)  All conversion contributions made during the year are added together. For
     purposes of the ordering rules, in the case of any conversion in which the
     conversion distribution is made in 2007 and the conversion contribution is
     made in 2008, the conversion contribution is treated as contributed prior
     to other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally, there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Internal
Revenue Code or a custodial account that invests only in mutual funds and which
is treated as an annuity contract under Section 403(b)(7) of the Code. Both
types of 403(b) arrangements qualify for tax deferral.

Contributions to TSAs

There are two ways you can make contributions to establish this AXA Equitable
Retirement Income for Life(SM) Rollover TSA contract:

o a full or partial direct transfer of assets ("direct transfer") from another
  contract or arrangement that meets the requirements of Section 403(b) of the
  Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax funds in the Rollover TSA. We do not accept
"designated Roth contributions" rolled over from a 401(k) plan or a 403(b)
arrangement or directly transferred from another 403(b) arrangement.

Employer-remitted contributions. The AXA Equitable Retirement Income for
Life(SM) Rollover TSA contract does not accept employer-remitted contributions.
However, we provide the following discussion as part of our description of
restrictions on the distribution of funds directly transferred, which include
employer-remitted contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contribu-


50  Tax information





tions as "designated Roth contributions" to the 403(b) arrangement which are
made on an after-tax basis. However, a TSA can also be wholly or partially
funded through nonelective employer contributions or other after-tax employee
contributions. Amounts attributable to salary reduction contributions to TSAs
are generally subject to withdrawal restrictions. Also, all amounts
attributable to investments in a 403(b)(7) custodial account are subject to
withdrawal restrictions discussed below.

Rollover or direct transfer contributions. Once you establish your Rollover TSA
contract with 403(b)-source funds, you may make subsequent rollover
contributions within the first contract year as described in "How you can
purchase and contribute to your contract" under "Contract features and
benefits" earlier in the Prospectus. These may be made to your Rollover TSA
contract from these sources: qualified plans, governmental employer 457(b)
plans and traditional IRAs, as well as other TSAs and 403(b) arrangements. All
rollover contributions must be pre-tax funds only with appropriate
documentation satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o termination of employment with the employer who provided the funds for the
  plan; or

o reaching age 59-1/2 even if you are still employed; or

o disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a
distribution. We accept direct transfers of TSA funds under Revenue Ruling
90-24 only if:

o you give us acceptable written documentation as to the source of the funds,
  and

o the AXA Equitable Retirement Income for Life(SM) Rollover TSA con tract
  receiving the funds has provisions at least as restrictive as the source
  contract.

Before you transfer funds to an AXA Equitable Retirement Income for Life(SM)
Rollover TSA contract, you may have to obtain your employer's authorization or
demonstrate that you do not need employer authorization. For example, the
transferring TSA may be subject to Title I of ERISA, if the employer makes
matching contributions to salary reduction contributions made by employees. In
that case, the employer must continue to approve distributions from the plan or
contract.

Your contribution to the AXA Equitable Retirement Income for Life(SM) Rollover
TSA contract must be net of the required minimum distribution for the tax year
in which we issue the contract if:

o you are or will be at least age 70-1/2 in the current calendar year, and

o you have retired from service with the employer who provided the funds to
  purchase the TSA you are transferring or rolling over to the AXA Equitable
  Retirement Income for Life(SM) Rollover TSA contract.

This rule applies regardless of whether the source of funds is a:

o rollover by check of the proceeds from another TSA or eligible retirement
  plan; or

o direct rollover from another TSA or eligible retirement plan; or

o direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General. Depending on the terms of the employer plan and your employment
status, you may have to get your employer's consent to take a withdrawal. Your
employer will tell us this when you establish the TSA through a direct
transfer. Because of its income focus, this contract may not be appropriate for
Rollover TSA if the funds are subject to withdrawal restrictions.

Withdrawal restrictions. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the
following events happens:

o you are severed from employment with the employer who pro vided the funds to
  purchase the TSA you are transferring to the AXA Equitable Retirement Income
  for Life(SM) Rollover TSA; or

o you reach age 59-1/2; or

o you die; or

o you become disabled (special federal income tax definition); or

o you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account,
such amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to
your TSA contract that represents your December 31, 1988, account balance
attributable to


                                                             Tax information  51





salary reduction contributions to a TSA annuity contract and earnings. To take
advantage of this grandfathering you must properly notify us in writing at our
processing office of your December 31, 1988, account balance if you have
qualifying amounts transferred to your TSA contract.

Tax treatment of distributions. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA
distributions may be subject to additional tax penalties.

If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.

Distributions before annuity payments begin. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as
pro rata withdrawals of any after-tax contributions and earnings on those
contributions.

Annuity Payments

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under "AXA
Equitable Retirement Income for Life(SM) benefit" in "Contract features and
benefits" earlier in this Prospectus, as well as annuitization payments that
are based on the annuitant's life or life expectancy, are considered annuity
payments for tax purposes. If you elect an annuitization option, you will
recover any investment in the contract as each payment is received by dividing
the investment in the contract by an expected return determined under an IRS
table prescribed for qualified annuities. The amount of each payment not
excluded from income under this exclusion ratio is fully taxable. The full
amount of the payments received after your investment in the contract is
recovered is fully taxable. If you (and your beneficiary under a joint and
survivor annuity) die before recovering the full investment in the contract, a
deduction is allowed on your (or your beneficiary's) final tax return.


Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. Loans from your AXA Equitable Retirement Income for Life(SM)
Rollover TSA contract are not permitted.

Tax-deferred rollovers and direct transfers.  You may roll over an "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred. This rollover or direct
transfer to another issuer will terminate or alter the AXA Equitable Retirement
Income for Life(SM) benefit.


You may roll over a distribution from a TSA to any of the following: a
qualified plan, a governmental employer 457(b) plan (separate accounting
required) or a traditional IRA. A spousal beneficiary may also roll over death
benefits as above. Beginning in 2007, a non-spousal death beneficiary may also
be able to make rollover contributions to an individual retirement plan under
certain circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period
of 10 years or more, hardship withdrawals and required minimum distributions
under federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling
90-24 are not distributions.


Required minimum distributions

Generally the same as traditional IRA with these differences:


When you have to take the first required minimum distribution.  The minimum
distribution rules force TSA participants to start calculating and taking
annual distributions from their TSAs by a required date. Generally, you must
take the first required minimum distribution for the calendar year in which you
turn age 70-1/2. You may be able to delay the start of required minimum
distributions for all or part of your account balance until after age 70-1/2,
as follows:

o For TSA participants who have not retired from service with the employer who
  provided the funds for the TSA by the calendar year the participant turns age
  70-1/2, the required beginning date for minimum distributions is extended to
  April 1 following the calendar year of retirement.

o TSA plan participants may also delay the start of required mini mum
  distributions to age 75 of the portion of their account value attributable to
  their December 31, 1986, TSA account balance, even if retired at age 70-1/2.
  We will know whether or not you qualify for this exception because it will
  only apply to people who establish their AXA Equitable Retirement Income for
  Life(SM) Rollover TSA contract by direct Revenue Ruling 90-24 transfers. If
  you do not give us the amount of your December 31, 1986, account


52  Tax information





     balance that is being transferred to the AXA Equitable Retirement Income
     for Life(SM) Rollover TSA contract on the form used to establish the TSA,
     you do not qualify.


Spousal consent rules

This will only apply to you if you establish your AXA Equitable Retirement
Income for Life(SM) Rollover TSA contract by direct Revenue Ruling 90-24
transfer. Your employer will tell us on the form used to establish the TSA
contract whether or not you need to get spousal consent for withdrawals or
other distributions. If you do, you will need such consent if you are married
when you request a withdrawal under the TSA contract. In addition, unless you
elect otherwise with the written consent of your spouse, the retirement
benefits payable under the plan must be paid in the form of a qualified joint
and survivor annuity. A qualified joint and survivor annuity is payable for the
life of the annuitant with a survivor annuity for the life of the spouse in an
amount not less than one-half of the amount payable to the annuitant during his
or her lifetime. In addition, if you are married, the beneficiary must be your
spouse, unless your spouse consents in writing to the designation of another
beneficiary.

If you are married and you die before annuity payments have begun, payments
will be made to your surviving spouse in the form of a life annuity unless at
the time of your death a contrary election was in effect. However, your
surviving spouse may elect, before payments begin, to receive payments in any
form permitted under the terms of the TSA contract and the plan of the employer
who provided the funds for the TSA.


Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to
any income tax. There are exceptions to the extra penalty tax. Some of the
available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o on or after your death; or

o because you are disabled (special federal income tax definition); or

o to pay for certain extraordinary medical expenses (special federal income tax
  definition); or

o in any form of payout after you have separated from service (only if the
  separation occurs during or after the calendar year you reach age 55); or

o in a payout in the form of substantially equal periodic payments made at least
  annually over your life (or your life expectancy), or over the joint lives of
  you and your beneficiary (or your joint life expectancies) using an
  IRS-approved distribution method (only after you have separated from service
  at any age). We do not anticipate that Guaranteed annual payments made under
  the AXA Equitable Retirement Income for Life(SM) benefit's Maximum or
  Customized payment plan or taken as lump sums will qualify for this exception
  if made before age 59-1/2.

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o We might have to withhold and/or report on amounts we pay under a free look or
  cancellation.

o We are generally required to withhold on conversion rollovers of traditional
  IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
  and is taxable.

o We are required to withhold on the gross amount of a distribu tion from a Roth
  IRA to the extent it is reasonable for us to believe that a distribution is
  includable in your gross income. This may result in tax being withheld even
  though the Roth IRA distribution is ultimately not taxable. You can elect out
  of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However, we may require additional documentation in the case of
payments made to non-United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.


Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. Periodic
annuity payments are made under a supplementary contract. For example, unless
you specify a different number of withholding exemptions, we withhold from a
periodic annuity payment assuming that you are married and claiming three
withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


                                                             Tax information  53






Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at any time.


Federal income tax withholding on non-periodic annuity
payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal
including Guaranteed annual payments), we generally withhold at a flat 10%
rate. We apply that rate to the taxable amount in the case of nonqualified
contracts, and to the payment amount in the case of traditional IRAs and Roth
IRAs, where it is reasonable to assume an amount is includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from
a qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan
distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o    any distributions which are required minimum distributions after
     age 70-1/2 or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    a death benefit payment to a beneficiary who is not your surviv
     ing spouse; or

o    a qualified domestic relations order distribution to a beneficiary
     who is not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.


SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix II at the end of this
Prospectus.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.


54  Tax information





8. More information

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ABOUT SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account No. 49 operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts are based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although Separate Account No. 49 is registered, the SEC does
not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from, either Separate Account, or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate each Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against each Separate Account
     or a variable investment option directly);

(5)  to deregister the Separate Accounts under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Accounts;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.



ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts', shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectus for each Trust, which accompanies
this Prospectus, or in the respective SAI, which are available upon request.



ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees, as well
as our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The contract is a "covered security" under the federal
securities laws.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.


ABOUT OTHER METHODS OF PAYMENT


WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such


                                                            More information  55





transmittals must be accompanied by information we require to allocate your
contribution. Wire orders not accompanied by complete information may be
retained as described under "How you can make your contributions" under
"Contract features and benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have its signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.


DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.


BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o If your contribution, transfer, or any other transaction request, containing
  all the required information, reaches us on a non-business day or after 4:00
  p.m. on a business day, we will use the next business day.

o If your transaction is set to occur on the same day of the month as the
  contract date and that date is the 29th, 30th or 31st of the month, then the
  transaction will occur on the 1st day of the next month.

o When a charge is to be deducted on a contract date anniversary that is a
  non-business day, we will deduct the charge on the next business day.

o If we have entered into an agreement with your broker-dealer for automated
  processing of contributions upon receipt of customer order, your contribution
  will be considered received at the time your broker-dealer receives your
  contribution and all information needed to process your application, along
  with any required documents, and transmits your order to us in accordance with
  our processing procedures. Such arrangements may apply to initial
  contributions, subsequent contributions, or both, and may be commenced or
  terminated at any time without prior notice. If required by law, the "closing
  time" for such orders will be earlier than 4 p.m., Eastern Time.


CONTRIBUTIONS AND TRANSFERS


o Contributions allocated to the variable investment options are invested at the
  unit value next determined after the receipt of the contribution.

o Transfers to or from variable investment options will be made at the unit
  value next determined after the receipt of the transfer request.



ABOUT YOUR VOTING RIGHTS


As the owner of shares of the Trusts, we have the right to vote on certain
matters involving the portfolios, such as:


o the election of trustees;


o the formal approval of independent public accounting firms selected for each
  Trust; or

o any other matters described in each prospectus for the Trusts or requiring a
  shareholders' vote under the Investment Company Act of 1940.


We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.


The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's annuity and/or variable life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our contract owners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events



56  More information





to identify any material irreconcilable conflicts that may arise and to
determine what action, if any, should be taken in response. If we believe that
a Board's response insufficiently protects our contract owners, we will see to
it that appropriate action is taken to do so.


SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuitization option may cast the number of votes equal to the dollar amount of
reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.


ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.


FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.


TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

Loans are not available under this contract. In some cases, an assignment or
change of ownership may have adverse tax consequences. See "Tax information"
earlier in this Prospectus.

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
notification of any change at our processing office. You cannot assign your NQ
contract as collateral or security for a loan.

The AXA Equitable Retirement Income for Life(SM) benefit will generally
automatically terminate if you change ownership of the contract or if you
assign the owner's right to change the beneficiary or person to whom annuity
payments will be made.

See Appendix IV later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.

You cannot assign or transfer ownership of an IRA, QP or Rollover TSA contract
except by surrender to us. If your individual retirement annuity contract is
held in your custodial individual retirement account, you may only assign or
transfer ownership of such an IRA contract to yourself. Loans are not available
and you cannot assign IRA, TSA and QP contracts as security for a loan or other
obligation.

You may direct the transfer of the values under your IRA, QP or Rollover TSA
contract to another similar arrangement under federal income tax rules. In the
case of such a transfer, which involves a surrender of your contract, we will
impose a withdrawal charge, if one applies.



ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic services because of disruptive
transfer activity.


DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based



                                                            More information  57






compensation") and will generally not exceed 8.50% of total contributions. AXA
Advisors, in turn, may pay a portion of the contribution-based compensation
received from AXA Equitable on the sale of a contract to the AXA Advisors
financial professional and/or Selling broker-dealer making the sale. In some
instances, a financial professional or Selling broker-dealer may elect to
receive reduced contribution-based compensation on a contract in combination
with ongoing annual compensation of up to 1.00% of the account value of the
contract sold ("asset-based compensation"). Total compensation paid to a
financial professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.00% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their behalf.
The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or AXA Equitable Retirement Income for Life(SM)
on a company and/or product list; sales personnel training; product training;
business reporting; technological support; due diligence and related costs;
advertising, marketing and related services; conferences; and/or other support
services, including some that may benefit the contract owner. Payments may be
based on the amount of assets or purchase payments attributable to contracts
sold through a Selling broker-dealer or, in the case of conference support, such
payments may be a fixed amount. The Distributors may also make fixed payments to
Selling broker-dealers in connection with the initiation of a new relationship
or the introduction of a new product. These payments may serve as an incentive
for Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more information
about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.



58  More information






Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.



                                                            More information  59




Appendix I: Condensed financial information

- --------------------------------------------------------------------------------

The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.25%.





UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION.

- --------------------------------------------------------------------------------------
                                               For the year ending December 31,
                                        ----------------------------------------------
                                             2006        2005        2004        2003
- --------------------------------------------------------------------------------------
                                                                
AXA Aggressive Allocation
- --------------------------------------------------------------------------------------
  Unit value                             $  14.64    $  12.58    $  11.79     $ 10.68
- --------------------------------------------------------------------------------------
  Number of units outstanding (000's)      22,269      12,752       5,189         186
- --------------------------------------------------------------------------------------
AXA Conservative Allocation
- --------------------------------------------------------------------------------------
  Unit value                             $  11.48    $  10.93    $  10.80     $ 10.32
- --------------------------------------------------------------------------------------
  Number of units outstanding (000's)       5,079       3,564       1,608         153
- --------------------------------------------------------------------------------------
AXA Conservative-Plus Allocation
- --------------------------------------------------------------------------------------
  Unit value                             $  12.14    $  11.31    $  11.09     $ 10.42
- --------------------------------------------------------------------------------------
  Number of units outstanding (000's)      13,188       8,710       3,924          78
- --------------------------------------------------------------------------------------
AXA Moderate Allocation
- --------------------------------------------------------------------------------------
  Unit value                             $  12.74    $  11.69    $  11.30     $ 10.52
- --------------------------------------------------------------------------------------
  Number of units outstanding (000's)      68,613      49,852      22,917       1,082
- --------------------------------------------------------------------------------------
AXA Moderate-Plus Allocation
- --------------------------------------------------------------------------------------
  Unit value                             $  14.03    $  12.41    $  11.78     $ 10.68
- --------------------------------------------------------------------------------------
  Number of units outstanding (000's)      99,167      58,275      20,548         815
- --------------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
A-1 Appendix I: Condensed financial information




Appendix II: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who are considering the purchase of an AXA Equitable Retirement Income
for Life(SM) QP contract should discuss with their tax advisors whether this is
an appropriate investment vehicle for the employer's plan. Trustees should
consider whether the plan provisions permit the investment of plan assets in the
QP contract, the distribution of such an annuity, and the payment of death
benefits in accordance with the requirements of the federal income tax rules.
The QP contract and this prospectus should be reviewed in full, and the
following factors, among others, should be noted. Assuming continued plan
qualification and operation, earnings on qualified plan assets will accumulate
value on a tax-deferred basis even if the plan is not funded by the AXA
Equitable Retirement Income for Life(SM) QP contract or another annuity
contract. Therefore, you should purchase an AXA Equitable Retirement Income for
Life(SM) QP contract to fund a plan for the contract's features and benefits
other than tax deferral, after considering the relative costs and benefits of
annuity contracts and other types of arrangements and funding vehicles.

We will not accept defined benefit plans. Because of its income focus, this
contract may not be appropriate for QP if the funds are subject to withdrawal
restrictions under the plan. This QP contract accepts only transfer
contributions from other investments within an existing qualified plan trust. We
will not accept ongoing payroll contributions or other contributions from the
employer. For 401(k) plans, no employee after-tax contributions are accepted. A
"designated Roth contribution account" is not available in the QP contract.
Checks written on accounts held in the name of the employer instead of the plan
or the trustee will not be accepted. Subsequent contributions are not permitted
after the later of: (i) the end of the first contract year and (ii) the date of
the first withdrawal. If amounts attributable to an excess or mistaken
contribution must be withdrawn, this withdrawal could be an Excess withdrawal as
described in "AXA Equitable Retirement Income for Life(SM) benefit" under
"Contract features and benefits" earlier in this Prospectus. A withdrawal charge
may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.


Given that required minimum distributions must generally commence from the plan
for annuitants after age 70-1/2, trustees should consider that:


o the QP contract may not be an appropriate purchase for participants
  approaching or over age 70-1/2;

o contributions after age 70-1/2 must be net of any required minimum
  distributions; and

o provisions in the Treasury Regulations on required minimum distributions
  require that the actuarial present value of additional annuity contract
  benefits be added to the dollar amount credited for purposes of calculating
  required minimum distributions. This could increase the amounts required to
  be distributed.

Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.



                       Appendix II: Purchase considerations for QP contracts B-1




Appendix III: Hypothetical illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND THE AXA EQUITABLE RETIREMENT
INCOME FOR LIFE(SM) BENEFIT


The following tables illustrate the changes in account value, cash value and
the Guaranteed minimum death benefit under certain hypothetical circumstances
for an AXA Equitable Retirement Income for Life(SM) contract. The table
illustrates the operation of a contract based on a single $100,000 contribution
for a Joint life contract, owner and successor owner both age 65 at issue, with
payments under the Maximum payment plan. The amounts shown are for the
beginning of each contract year and assume that all of the account value is
invested in portfolios that achieve investment returns at constant gross annual
rates of 0% and 6% (i.e., before any investment management fees, 12b-1 fees or
other expenses are deducted from the underlying portfolio assets). After the
deduction of the arithmetic average of the investment management fees, 12b-1
fees and other expenses of all of the underlying Portfolios (as described
below), the corresponding net annual rates of return would be (2.61)% and 3.38%
for the AXA Equitable Retirement Income for Life(SM) contract, at the 0% and 6%
gross annual rates, respectively. These net annual rates of return reflect the
trust and separate account level charges, but they do not reflect the charge we
deduct from your account value annually for the AXA Equitable Retirement Income
for Life(SM) benefit. If the net annual rates of return did reflect this charge,
the net annual rates of return shown would be lower; however, the values shown
in the following tables reflect the following contract charges: the Guaranteed
minimum death benefit charge and any applicable administrative charge and
withdrawal charge.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.09%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 1.02% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.


C-1 Appendix III: Hypothetical illustrations





Variable deferred annuity
$100,000 Single contribution and Maximum payment plan
Joint life, Owner / Successor owner both issue age 65
Benefits:
     AXA Equitable Retirement Income for Life(SM) benefit
     Guaranteed minimum death benefit




                                                                                    Guaranteed Minimum
                     Payments*           Account Value           Cash Value            Death Benefit        Total Death Benefit
               ------------------- ----------------------- --------------------- ----------------------- -----------------------
                                                                                     
      Contract
Age     Year          0%        6%          0%          6%         0%         6%          0%          6%          0%          6%
- ----- ---------    -----     -----       -----       -----      -----      -----       -----       -----       -----       -----
 65        1          0         0     100,000     100,000     93,000     93,000     100,000     100,000     100,000     100,000
 66        2      5,000     5,000      91,590      97,590     84,590     90,590      95,000      95,000      95,000      97,590
 67        3      5,000     5,000      83,400      95,098     77,400     89,098      90,000      90,000      90,000      95,098
 68        4      5,000     5,000      75,423      92,522     69,423     86,522      85,000      85,000      85,000      92,522
 69        5      5,000     5,000      67,654      89,859     62,654     84,859      80,000      80,000      80,000      89,859
 70        6      5,000     5,000      60,088      87,105     57,088     84,105      75,000      75,000      75,000      87,105
 71        7      5,000     5,000      52,720      84,258     51,720     83,258      70,000      70,000      70,000      84,258
 72        8      5,000     5,000      45,544      81,314     45,544     81,314      65,000      65,000      65,000      81,314
 73        9      5,000     5,000      38,555      78,271     38,555     78,271      60,000      60,000      60,000      78,271
 74       10      5,000     5,000      31,749      75,124     31,749     75,124      55,000      55,000      55,000      75,124
 79       15      5,000     5,000         291      57,717        291     57,717      30,000      30,000      30,000      57,717
 84       20      5,000     5,000           0      37,152          0     37,152       5,000       5,000       5,000      37,152
 89       25      5,000     5,000           0      12,857          0     12,857           0           0           0      12,857
 94       30      5,000     5,000           0           0          0          0           0           0           0           0
 95       31      5,000     5,000           0           0          0          0           0           0           0           0



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and Guaranteed minimum death benefit for a contract would be
different from the ones shown if the actual gross rate of investment return
averaged 0% or 6% over a period of years, but also fluctuated above or below
the average for individual contract years. We can make no representation that
these hypothetical investment results can be achieved for any one year or
continued over any period of time. In fact, for any given period of time, the
investment results could be negative.

*    Payments are made while either the owner or the successor owner is living.



                                    Appendix III: Hypothetical illustrations C-2




Appendix IV: State contract variations of certain features and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where certain features
and/or benefits are either not available as of the date of this Prospectus or
vary from the contract's features and benefits as previously described in this
Prospectus.


STATES WHERE CERTAIN AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM) FEATURES
AND/OR BENEFITS ARE NOT AVAILABLE OR HAVE CERTAIN VARIATIONS TO FEATURES AND/OR
BENEFITS:




- ----------------------------------------------------------------------------------------------------------
 State           Features and Benefits                                   Availability or Variation
- ----------------------------------------------------------------------------------------------------------
                                                                 
CALIFORNIA      See "Contract features and benefits"--"Your right to   If you reside in the state of
                cancel within a certain number of days"                California and you are age 60
                                                                       and older at the time the contract
                                                                       is issued, you may return your
                                                                       variable annuity contract within
                                                                       30 days from the date that you
                                                                       receive it and receive a
                                                                       refund as described below.

                                                                       If you allocate any portion of
                                                                       your initial contribution to
                                                                       the variable investment options, your
                                                                       refund will be equal to your
                                                                       account value on the date we
                                                                       receive your request to cancel
                                                                       at our processing office.
- ------------------------------------------------------------------------------------------------------------
CONNECTICUT     Withdrawal Charge                                      The following withdrawal
                                                                       charges for Annuitant ages
                                                                       81-85 apply:
                                                                       ------------------------------
                                                                                Contract year
                                                                       ------------------------------
                                                                        1  2   3   4   5   6   7   8+
                                                                       ------------------------------
                                                                       7%  7%  6%  6%  5%  3%  1%  0%
                                                                       ------------------------------
- ------------------------------------------------------------------------------------------------------------
FLORIDA         See "Transfer of ownership, collateral assignments,    The third paragraph in this
                loans and borrowing" in "More information"             section is deleted.

- ------------------------------------------------------------------------------------------------------------
MASSACHUSETTS   See "How you can purchase and contribute to your       Additional contributions are
                contract" in "Contract features and benefits"          limited to the first three
                                                                       years after the contract issue
                                                                       date only.

                See "Disability, terminal illness, or confinement to   This section is deleted in its
                nursing home" under "Withdrawal charge" in             entirety.
                "Charges and expenses"
- -----------------------------------------------------------------------------------------------------
PENNSYLVANIA    Contribution age limitations                           The following contribution
                                                                       limits apply:
                                                                                   Maximum
                                                                       Issue age   Contribution age
                                                                       ---------   ----------------
                                                                       0-75        79
                                                                       76          80
                                                                       77          81
                                                                       78-80       82
                                                                       81-83       84
                                                                       84          85
                                                                       85          86
- -----------------------------------------------------------------------------------------------------


D-1 Appendix IV: State contract variations of certain features and benefits








- -------------------------------------------------------------------------------------------------------------
 State          Features and Benefits                                     Availability or Variation
- -------------------------------------------------------------------------------------------------------------
                                                                  
PENNSYLVANIA   See "Your contract's maturity date" in "Accessing your   The maturity date by which you
(CONTINUED)    money"                                                   must take a lump sum with-
                                                                        drawal or select an
                                                                        annuitization option is as
                                                                        follows:
                                                                                    Maximum
                                                                        Issue age   annuitization age
                                                                        ---------   -----------------
                                                                        0-75        85
                                                                        76          86
                                                                        77          87
                                                                        78-80       88
                                                                        81-85       90
               Required disclosure for Pennsylvania customers           Any person who knowingly and
                                                                        with intent to defraud any
                                                                        insurance company or other person
                                                                        files an application for
                                                                        insurance or statement of claim
                                                                        containing any materially false
                                                                        information or conceals for the
                                                                        purpose of misleading, information
                                                                        concerning any fact material thereto
                                                                        commits a fraudulent insurance
                                                                        act, which is a crime and subjects
                                                                        such person to criminal and
                                                                        civil penalties.
- -------------------------------------------------------------------------------------------------------------
PUERTO RICO    IRA, Roth IRA, QP and Rollover TSA contracts             Not Available
               Beneficiary continuation option (IRA)                    Not Available
- -------------------------------------------------------------------------------------------------------------
UTAH           See "Transfers of ownership, collateral assignments,     The third paragraph in this
               loans and borrowing" in "More information"'              section is deleted.

- -------------------------------------------------------------------------------------------------------------
WASHINGTON     See "Withdrawal charge" in "Charges and expenses"        The free withdrawal amount
                                                                        applies to full surrenders.

               See "Disability, terminal illness, or confinement to     The annuitant has qualified to
               nursing home" under "Withdrawal charge" in               receive Social Security
               "Charges and expenses"                                   disability benefits as certified
                                                                        by the Social Security Administration
                                                                        or a statement from an independent
                                                                        U.S. licensed physician stating
                                                                        that the annuitant meets the
                                                                        definition of total disability
                                                                        for at least 6 continuous months prior
                                                                        to the notice of claim. Such
                                                                        disability must be re-certified
                                                                        every 12 months.
- -------------------------------------------------------------------------------------------------------------
 


     Appendix IV: State contract variations of certain features and benefits D-2




Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS


                                                                            Page

Who is AXA Equitable?                                                        2

Unit Values                                                                  2
Custodian and Independent Registered Public Accounting Firm                  2
Distribution of the Contracts                                                2
Financial Statements                                                         2


How to Obtain an AXA Equitable Retirement Income for Life(SM) Statement of
Additional Information for
Separate Account No. 49

Send this request form to:
 AXA Equitable Retirement Income for Life(SM)
 P.O. Box 1547
 Secaucus, NJ 07096-1547

.................................................................................

Please send me an AXA Equitable Retirement Income for Life(SM) SAI for Separate
Account No. 49 dated May 1, 2007.



- --------------------------------------------------------------------------------
Name:


- --------------------------------------------------------------------------------
Address:


- --------------------------------------------------------------------------------
City           State    Zip








                                    AXA Equitable Retirement Income for Life(SM)
                                                                          x01484




AXA Equitable Retirement Income for Life(SM)


A variable deferred annuity contract
PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.

- --------------------------------------------------------------------------------

WHAT IS AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM)?

AXA Equitable Retirement Income for Life((SM)) is a deferred annuity contract
with an income feature issued by AXA Equitable Life Insurance Company. It
provides for the accumulation of retirement savings and for guaranteed payments
from those savings and a guaranteed death benefit. It also offers a number of
annuitization options. You invest to accumulate value on a tax-deferred basis in
one or more of our variable investment options ("investment options"). Certain
features and benefits described in this Prospectus may vary or not be available
in all contracts or from all selling broker-dealers.



- --------------------------------------------------------------------------------
Variable investment options
- --------------------------------------------------------------------------------
o AXA Conservative Allocation              o AXA Moderate-Plus Allocation
o AXA Conservative-Plus Allocation         o AXA Aggressive Allocation
o AXA Moderate Allocation                  o EQ/Franklin Templeton Founding
                                             Strategy*
- --------------------------------------------------------------------------------



*  This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio ("portfolio") of AXA Premier VIP Trust or EQ Advisors Trust (the
"Trusts"). Your investment results in a variable investment option will depend
on the investment performance of the related portfolio.


TYPES OF CONTRACTS. We offer the contracts for use as:

o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  An individual retirement annuity ("IRA"), either traditional IRA (Rollover
   and direct transfer only) or Roth IRA (Rollover and direct transfer only).

o  An annuity that is an investment vehicle for a qualified defined contribution
   plan ("QP") (Rollover and direct transfer contributions only).

o  An Internal Revenue Code Section 403(b) Tax-Sheltered Annuity ("TSA") --
   ("Rollover TSA") (Rollover and direct transfer contributions only).

A contribution of at least $25,000 is required to purchase an AXA Equitable
Retirement Income for Life(SM) contract.


A registration statement relating to this offering has been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ, 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.

The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.



                                                                   136915 (5/07)
RIL05-01A (5/07)                                                   136956 (5/07)
RIL05-01B (5/07)                                                  X01470/NY only



Contents of this Prospectus
- --------------------------------------------------------------------------------

AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        5
How to reach us                                                              6
AXA Equitable Retirement Income for Life(SM) at a
     glance -- key features                                                  8

- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     13
Condensed financial information                                             15

- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           16
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        16
Owner and annuitant requirements                                            19
How you can make your contributions                                         19
What are your investment options under the contract?                        19

Portfolios of the Trusts                                                    20

Allocating your contributions                                               21
AXA Equitable Retirement Income for Life(SM) benefit                        21
Guaranteed minimum death benefit                                            23
Your right to cancel within a certain number of days                        24

- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        25
- --------------------------------------------------------------------------------
Your account value and cash value                                           25
Your contract's value in the variable investment options                    25
Insufficient account value                                                  25

- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS                         26
- --------------------------------------------------------------------------------
Transferring your account value                                             26
Disruptive transfer activity                                                26
Rebalancing your account value                                              27



- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
Prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

2  Contents of this Prospectus


- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     28
- --------------------------------------------------------------------------------
Withdrawing your account value                                              28
How withdrawals are taken from your account value                           29
How withdrawals affect your Guaranteed minimum death benefit                29
How withdrawals affect the AXA Equitable Retirement
     Income for Life(SM) benefit                                            29
Surrendering your contract to receive its cash value                        29
When to expect payments                                                     29
Your annuitization options                                                  30

- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     32
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          32

Charges that the Trusts deduct                                              34

Group or sponsored arrangements                                             34
Other distribution arrangements                                             34

- --------------------------------------------------------------------------------
6. EFFECT OF DEATH                                                          35
- --------------------------------------------------------------------------------
Your beneficiary and payment of death benefit                               39
Spousal continuation                                                        39
Beneficiary continuation option                                             40

- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          42
- --------------------------------------------------------------------------------
Overview                                                                    42
Buying a contract to fund a retirement arrangement                          42
Transfers among investment options                                          42
Taxation of payments from NQ contracts                                      42
Individual retirement arrangements (IRAs)                                   44
Tax-sheltered annuity contracts (TSAs)                                      51
Federal and state income tax withholding and
     information reporting                                                  54
Special rules for contracts funding qualified plans                         55
Impact of taxes to AXA Equitable                                            55

- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         56
- --------------------------------------------------------------------------------
About Separate Account No. 49                                               56

About the Trusts                                                            56

About the general account                                                   56
About other methods of payment                                              56
Dates and prices at which contract events occur                             57
About your voting rights                                                    57
About legal proceedings                                                     58
Financial statements                                                        58
Transfers of ownership, collateral assignments, loans and borrowing         58

About Custodial IRAs                                                        58

Distribution of the contracts                                               58

- --------------------------------------------------------------------------------

APPENDICES
- --------------------------------------------------------------------------------
  I -- Condensed financial information                                     A-1
 II -- Purchase considerations for QP contracts                            B-1
III -- Hypothetical illustrations                                          C-1


- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
  TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3


Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.







                                                                 Page
                                                               
   account value                                                  25
   administrative charge                                          32
   Annual Ratchet to age 85 death benefit                         24
   annuitant                                                      16
   annuitization options                                          30
   annuity purchase factors                                       30
   Applicable percentage                                          21
   AXA Equitable Retirement Income for Life(SM) benefit            8
   AXA Equitable Retirement Income for Life(SM)
     benefit charge                                               33
   Automatic RMD service                                          28
   beneficiary                                                    39
   Beneficiary continuation option ("BCO")                        40
   business day                                                   57
   cash value                                                     25
   charges for state premium and other applicable taxes           34
   contract date                                                   9
   contract date anniversary                                       9
   contract maturity date                                         31
   contract year                                                   9
   contributions to Roth IRAs                                     48
      rollovers and transfers                                     49
      conversion contributions                                    49
   contributions to traditional IRAs                              45
      rollovers and transfers                                     45
   disability, terminal illness or confinement to nursing home    33
   disruptive transfer activity                                   26
   distribution charge                                            32
   EQAccess                                                        6
   ERISA                                                          34
   Excess withdrawal                                              21
   free look                                                      24
   free withdrawal amount                                         33
   general account                                                56
   Guaranteed annual payment                                       8
   Guaranteed minimum death benefit                               23
   IRA                                                         cover
   IRS                                                            42
   Income base                                                    21
   investment options                                          cover
   Joint life                                                      8
   lifetime required minimum distribution withdrawals             28
   partial withdrawals                                            28
   market timing                                                  26
   Mortality and expense risks charge                             32
   NQ                                                          cover
   participant                                                    19
   portfolio                                                   cover
   processing office                                               6
   QP                                                          cover
   Rebalancing                                                    27
   Rollover IRA                                                cover
   Rollover TSA                                                cover
   Roth IRA                                                    cover
   SAI                                                         cover
   SEC                                                         cover
   Separate Account No. 49                                        56
   Single life                                                     8
   Successor owner and annuitant                                  39
   TOPS                                                            6
   TSA                                                         cover
   traditional IRA                                             cover
   Trusts                                                         26
   unit                                                           25
   variable investment options                                 cover
   wire transmittals and electronic applications                  56
   withdrawal charge                                              32



To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract.


- --------------------------------------------------------------------------------
Prospectus                           Contract or Supplemental Materials
- --------------------------------------------------------------------------------
  variable investment options        Investment Funds
  account value                      Annuity Account Value
  unit                               Accumulation Unit
  Guaranteed minimum death benefit   Guaranteed death benefit
- --------------------------------------------------------------------------------

4 Index of key words and phrases


Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.



                                                        Who is AXA Equitable?  5


HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.


- --------------------------------------------------------------------------------
FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDITIONAL CONTRIBUTIONS SENT BY
REGULAR MAIL:
- --------------------------------------------------------------------------------


AXA Equitable Retirement Income for Life(SM)
P.O. Box 13014
Newark, NJ 07188-0014


- --------------------------------------------------------------------------------
FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDITIONAL CONTRIBUTIONS SENT BY
EXPRESS DELIVERY:
- --------------------------------------------------------------------------------


AXA Equitable Retirement Income for Life(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL OTHER COMMUNICATIONS
(E.G., REQUESTS FOR TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
REGULAR MAIL:
- --------------------------------------------------------------------------------

AXA Equitable Retirement Income for Life(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL OTHER COMMUNICATIONS
(E.G., REQUESTS FOR TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
EXPRESS DELIVERY:
- --------------------------------------------------------------------------------


AXA Equitable Retirement Income for Life(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094



- --------------------------------------------------------------------------------
REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o  written confirmation of financial transactions;

o  statement of your contract values at the close of each calendar year, and any
   calendar quarter in which there was a financial transaction; and

o  annual statement of your contract values as of the close of the contract
   year.

- --------------------------------------------------------------------------------
TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------

TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o  your current account value;

o  your current allocation percentages;

o  the number of units you have in the variable investment options;

o  the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the investment
   options;

o  elect to receive certain contract statements electronically (not available
   through TOPS);

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).

- --------------------------------------------------------------------------------
CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.


6  Who is AXA Equitable?


WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional
     (available only for contracts distributed through AXA Distributors);

(2)  conversion of a traditional IRA to a Roth IRA contract;

(3)  election of the rebalancing program;

(4)  requests for withdrawals or surrenders from Rollover TSA contracts;

(5)  tax withholding elections;

(6)  election of the beneficiary continuation option;

(7)  IRA contribution recharacterizations;

(8)  certain Section 1035 exchanges;

(9)  direct transfers;

(10) death claims;

(11) change in ownership (NQ only);

(12) enrollment in either our Maximum payment plan or Customized payment plan
     withdrawal options;


(13) partial withdrawal requests;


(14) removing or changing successor owner; and

(15) requests to opt out of or back into the Annual step-up of the AXA Equitable
     Retirement Income for Life(SM) benefit.


WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options; and

(4)  contract surrender.


TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  rebalancing;

(2)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.


SIGNATURES:


The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners, both must sign.



                                                        Who is AXA Equitable?  7


AXA Equitable Retirement Income for Life(SM) at a glance -- key features

- --------------------------------------------------------------------------------



                               
AXA Equitable Retirement          The AXA Equitable Retirement Income for Life(SM) benefit guarantees that you can take
Income for Life(SM) benefit       lifetime payments of up to a maximum amount each contract year (your "Guaranteed annual
                                  payment"). Your Guaranteed annual payment amount is equal to a percentage of your "Income
                                  base." See "Your Income base" in "Contract features and benefits" later in this Prospectus.
                                  As shown in the chart immediately below, the applicable percentage is determined based on
                                  your age at the time of the first withdrawal.

                                  Your initial Guaranteed annual payment amount is equal to a percentage of the Income base.
                                  The initial applicable percentage ("Applicable percentage") is based on the owner's age at
                                  the time of the first withdrawal. If your contract is based on joint lives (you named your
                                  spouse as successor owner at contract issue) ("Joint life"), the initial Applicable
                                  percentage is based on the age of the owner or successor owner, whoever is younger at the
                                  time of the first withdrawal. For contracts held by non-natural owners, the initial
                                  Applicable percentage is based on the annuitant's age or on the younger annuitant's age, if
                                  applicable, at the time of the first withdrawal. If your Income base ratchets, as described
                                  later in this Prospectus, on any contract date anniversary after you begin taking
                                  withdrawals, your Applicable percentage may increase based on your attained age at the time
                                  of the ratchet. The Applicable percentages are as follows:

                                  ----------------------------------------------------------------------------------------------
                                  Age                     Applicable percentage
                                  ----------------------------------------------------------------------------------------------
                                  45-64                   4.0%

                                  65-74                   5.0%

                                  75-84                   6.0%

                                  85 and older            7.0%
                                  ----------------------------------------------------------------------------------------------
                                  Payments are taken from your account value and continue during your lifetime even if your
                                  account value falls to zero (unless it is caused by a withdrawal that exceeds your
                                  Guaranteed annual payment amount). If your contract is based on your life only (you did not
                                  name a successor owner) ("Single life"), payments will continue for your life. For Joint
                                  life contracts, payments will continue for the lives of both you and your spouse. QP and
                                  TSA Joint life contracts are not permitted. Please see "AXA Equitable Retirement Income for
                                  Life(SM) benefit" in "Contract features and benefits" later in this Prospectus.
- --------------------------------------------------------------------------------------------------------------------------------
Contribution amounts              o  NQ, Rollover IRA, Roth IRA, QP and Rollover TSA contracts
                                     o  Initial minimum:     $25,000
                                     o  Additional minimum:  $ 1,000*
                                  ----------------------------------------------------------------------------------------------
                                  Maximum contribution limitations may apply. In general, contributions are limited to $1.5
                                  million under all AXA Equitable Retirement Income for Life(SM) series contracts with the
                                  same owner or annuitant. We reserve the right to limit aggregate contributions made after
                                  the first contract year to 150% of first-year contributions.

                                  * For both types of IRA, TSA, and QP contracts, ongoing or regular contributions are not
                                    permitted; only rollovers or direct transfers are permitted.
- --------------------------------------------------------------------------------------------------------------------------------
Professional investment           AXA Equitable Retirement Income for Life(SM)'s variable investment options invest in different
management                        portfolios managed by professional investment advisers.
- --------------------------------------------------------------------------------------------------------------------------------
Tax considerations                o  No tax on earnings inside the contract until you make withdrawals from your contract or
                                     receive annuity payments.
                                  ----------------------------------------------------------------------------------------------
                                  o  No tax on transfers among investment options inside the contract.
                                  ----------------------------------------------------------------------------------------------
                                  If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA) or Tax
                                  Sheltered Annuity (TSA), or to fund an employer retirement plan (QP or Qualified Plan), you
                                  should be aware that such annuities do not provide tax deferral benefits beyond those
                                  already provided by the Internal Revenue Code. Before purchasing one of these annuities,
                                  you should consider whether its features and benefits beyond tax deferral meet your needs
                                  and goals. Because of its income focus, this contract may not be appropriate for Rollover
                                  TSA and QP if the funds are subject to withdrawal restrictions. You may also want to
                                  consider the relative features, benefits and costs of these annuities compared with any
                                  other investment that you may use in connection with your retirement plan or arrangement.
- --------------------------------------------------------------------------------------------------------------------------------



8 AXA Equitable Retirement Income for Life(SM) at a glance -- key features




- --------------------------------------------------------------------------------------------------------------------------------
                         
Access to your money              o  Partial withdrawals

                                  o  Maximum payment plan

                                  o  Customized payment plan

                                  o  Contract surrender
                                  You may incur a withdrawal charge for certain withdrawals or if you surrender your
                                  contract. You may also incur income tax and a tax penalty.
- --------------------------------------------------------------------------------------------------------------------------------
Additional features               o  Guaranteed minimum death benefit options

                                  o  Account value rebalancing (quarterly, semiannually, and annually)

                                  o  Free transfers

                                  o  Waiver of withdrawal charge for certain withdrawals, disability, terminal illness, or
                                     confinement to a nursing home

                                  o  Spousal continuation

                                  o  Beneficiary continuation option

                                  o  Annuitization options
- --------------------------------------------------------------------------------------------------------------------------------
Fees and charges                  o  Daily charges on amounts invested in variable investment options for mortality and expense
                                     risks, administrative charges and distribution charges at an annual rate of 1.30%.

                                  o  No charge for the standard death benefit.

                                  o  An annual charge of 0.30% of the Annual Ratchet to age 85 death benefit base, if elected.
                                     The benefit base is described under "Guaranteed minimum death benefit" under "Annual
                                     Ratchet to age 85 death benefit" in "Contract features and benefits."

                                  o  An annual charge of 0.60% of the Income base for the AXA Equitable Retirement Income for
                                     Life(SM) benefit based on a Single life or 0.75% of the Income base for a Joint life
                                     (not available as a QP or TSA contract). This charge will be deducted on each contract
                                     date anniversary from your account value. See "AXA Equitable Retirement Income for
                                     Life(SM) benefit charge" in "Charges and expenses" later in this Prospectus.

                                  o  No sales charge deducted at the time you make contributions. During the first seven
                                     contract years following a contribution, a charge of up to 7% will be deducted from amounts
                                     that you withdraw that exceed your Guaranteed annual payment amount. There is no withdrawal
                                     charge in the eighth and later contract years following a contribution. Certain other
                                     exemptions may apply. See "Your Guaranteed annual payment" under "AXA Equitable Retirement
                                     Income for Life(SM) benefit" in "Contract features and benefits" later in this Prospectus
                                     for information about how your Guaranteed annual payment amount is calculated.

                                  ----------------------------------------------------------------------------------------------
                                  The "contract date" is the effective date of a contract. This usually is the business day
                                  we receive the properly completed and signed application, along with any other required
                                  documents, and your initial contribution. Your contract date will be shown in your
                                  contract. The 12-month period beginning on your contract date and each 12-month period
                                  after that date is a "contract year." The end of each 12-month period is your "contract
                                  date anniversary." For example, if your contract date is May 1, your contract date
                                  anniversary is April 30.
                                  ----------------------------------------------------------------------------------------------

                                  o  We deduct a charge designed to approximate certain taxes that may be imposed on us, such as
                                     premium taxes in your state. This charge is generally deducted from the amount applied to
                                     an annuitization option.

                                  o  Annual expenses of the Trust portfolios are calculated as a percentage of the average daily
                                     net assets invested in each portfolio. Please see "Fee table" later in this Prospectus for
                                     details.
- --------------------------------------------------------------------------------------------------------------------------------
Owner and Annuitant issue         NQ, Rollover IRA, Roth IRA and Rollover TSA: 45-85
ages                              QP: 45-75
- --------------------------------------------------------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.


      AXA Equitable Retirement Income for Life(SM) at a glance -- key features 9


OTHER CONTRACTS


We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.


You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance. Some selling broker-dealers may limit their clients from purchasing
optional benefits based upon the client's age.


10  AXA Equitable Retirement Income for Life(SM) at a glance -- key features


Fee table

- --------------------------------------------------------------------------------
The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your
cash value to certain payout options. Charges designed to approximate certain
taxes that may be imposed on us, such as premium taxes in your state, may also
apply.




- --------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value at the time you request certain transactions
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                     
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain                          7.00%
withdrawals or apply your cash value to certain payout options).(1)
- --------------------------------------------------------------------------------------------------------------------------------

The next table describes the fees and expenses that you will pay periodically
during the time that you own the contract, not including the portfolio fees and
expenses.

- --------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your variable investment options expressed as an
annual percentage of daily net assets
- --------------------------------------------------------------------------------------------------------------------------------
SEPARATE ACCOUNT ANNUAL EXPENSES:

Mortality and expense risks                                                             0.80%
Administrative                                                                          0.30%
Distribution                                                                            0.20%
                                                                                        -----
Total Separate Account annual expenses                                                  1.30%
- --------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value on each contract date anniversary(2)
- --------------------------------------------------------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM) benefit charge
(calculated as a percentage of the Income base):                                        0.60% for Single life contracts
                                                                                        0.75% for Joint life contracts (Not
                                                                                              available as QP or TSA contracts.)
If your Income Base ratchets, we reserve the right to increase your
charge up to:                                                                           0.75% for Single life contracts
                                                                                        0.90% for Joint life contracts

Please see "AXA Equitable Retirement Income for Life(SM) benefit" in "Contract features and
benefits" for more information about this feature, including its Income base and the Annual
step-up provision and "AXA Equitable Retirement Income for Life(SM) benefit charge" in
"Charges and expenses," both later in this Prospectus.

- --------------------------------------------------------------------------------------------------------------------------------
Charges we deduct from your account value on each contract date anniversary(2)
if you elect the optional benefit
- --------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a percentage of the
applicable benefit base):

Annual Ratchet to age 85                                                                   0.30%

Standard death benefit                                                                     0.00%
- --------------------------------------------------------------------------------------------------------------------------------



You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net asset
value each day. Therefore, they reduce the investment return of the Portfolio
and the related variable investment option. Actual fees and expenses are likely
to fluctuate from year to year. More detail concerning each Portfolio's fees and
expenses is contained in the Trust prospectus for the Portfolio.


                                                                    Fee table 11





- -----------------------------------------------------------------------------------------------------------------------------
Portfolio operating expenses expressed as an annual percentage of daily net assets
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                              
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted           Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees,               ------     -------
and/or other expenses)(3)                                                                 1.24%      1.58%
- -----------------------------------------------------------------------------------------------------------------------------


This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets.



                                                                                       Total
                                                                      Acquired         Annual                   Net Total
                                                                        Fund          Expenses    Fee Waiv-      Annual
                                                                      Fees and        (Before    ers and/or     Expenses
                                  Manage-                             Expenses        Expense     Expense       (After
                                   ment       12b-1     Other       (Underlying       Limita-    Reimburse-     Expense
Portfolio Name                    Fees(4)    Fees(5)  Expenses(6)   Portfolios)(7)     tions)     ments(8)     Limitations)
- -----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust:
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                           
AXA Aggressive Allocation          0.10%      0.25%     0.18%          0.91%            1.44%      (0.18)%      1.26%
AXA Conservative Allocation        0.10%      0.25%     0.22%          0.67%            1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation   0.10%      0.25%     0.18%          0.72%            1.25%      (0.18)%      1.07%
AXA Moderate Allocation            0.10%      0.25%     0.17%          0.78%            1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation       0.10%      0.25%     0.17%          0.85%            1.37%      (0.17)%      1.20%
- -----------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust:
- -----------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding     0.05%      0.25%     0.21%          1.07%            1.58%      (0.11)%      1.47%
  Strategy*
- -----------------------------------------------------------------------------------------------------------------------------


*   This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.

Notes:

(1)  Deducted upon a withdrawal of amounts in excess of your Guaranteed annual
     payment amount, if applicable:




                                                                                         
        The withdrawal charge percentage we use is determined by the contract year in          Contract
        which you make the withdrawal or surrender your contract. For each contribution,       Year
        we consider the contract year in which we receive that contribution to be "contract    1................7.00%
        year 1")                                                                               2................7.00%
                                                                                               3................6.00%
                                                                                               4................6.00%
                                                                                               5................5.00%
                                                                                               6................3.00%
                                                                                               7................1.00%
                                                                                               8+...............0.00%


(2)  If the contract is surrendered or annuitized or a death benefit is paid
     on any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(3)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts. See footnote (7) for details.

(4)  The management fees for each Portfolio cannot be increased without a
     vote of that Portfolio's shareholders. See footnote (8) for any expense
     limitation agreement information.


(5)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940. The 12b-1 fees will not be
     increased for the life of the contract.

(6)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (8) for any expense limitation agreement.

(7)  Each of these variable investment options invest in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffilitated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06.

(8)  The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. AXA Equitable, the investment manager of
     AXA Premier VIP Trust and EQ Advisors Trust, has entered into expense
     limitation agreements with respect to certain Portfolios, which are
     effective through April 30, 2008. Under these agreements, AXA Equitable has
     agreed to waive or limit its fees and assume other expenses of certain
     Portfolios, if necessary, in an amount that limits each affected
     Portfolio's Total Annual Expenses (exclusive of interest, taxes, brokerage
     commissions, capitalized expenditures, expenses of the underlying
     portfolios in which the Portfolio invests and extraordinary expenses) to
     not more than specified amounts. Therefore, each Portfolio may at a later
     date make a reimbursement to AXA Equitable for any of the management fees
     waived or limited and other expenses assumed and paid by AXA Equitable
     pursuant to the expense limitation agreements provided that the Portfolio's
     current annual operating expenses do not exceed the operating expense limit
     determined for such Portfolio. See the prospectus for each applicable
     underlying Trust for more information about the arrangements.



EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).

The example below shows the expenses that a hypothetical contract owner (whose
Income base has been stepped-up and who has elected the Annual Ratchet to age
85 death benefit) would pay in the situations illustrated. See contract
features and benefits later in this Prospectus for information about these
features.


12 Fee table



The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. The
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:



                                                                    Fee table 13





- ----------------------------------------------------------------------------------------------
                                        If you surrender your contract at the end of the
                                                     applicable time period
- ----------------------------------------------------------------------------------------------
                                     1 year        3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------
                                                                    
AXA Conservative Allocation        $ 1,093.00     $ 1,805.00     $ 2,551.00     $ 4,314.00
AXA Conservative-Plus Allocation   $ 1,094.00     $ 1,808.00     $ 2,556.00     $ 4,324.00
AXA Moderate Allocation            $ 1,099.00     $ 1,823.00     $ 2,582.00     $ 4,371.00
AXA Moderate-Plus Allocation       $ 1,106.00     $ 1,845.00     $ 2,617.00     $ 4,438.00
AXA Aggressive Allocation          $ 1,114.00     $ 1,866.00     $ 2,652.00     $ 4,504.00
- ----------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding     $ 1,128.00     $ 1,910.00     $ 2,722.00     $ 4,634.00
  Strategy**
- ----------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------
                                     If you annuitize at the end of the applicable time
                                   period and select a non-life contingent period certain
                                          annuity option with less than five years
- ----------------------------------------------------------------------------------------------
                                      1 year     3 years       5 years        10 years
- ----------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------
                                                                 
AXA Conservative Allocation            N/A     $ 1,805.00     $ 2,551.00     $ 4,314.00
AXA Conservative-Plus Allocation       N/A     $ 1,808.00     $ 2,556.00     $ 4,324.00
AXA Moderate Allocation                N/A     $ 1,823.00     $ 2,582.00     $ 4,371.00
AXA Moderate-Plus Allocation           N/A     $ 1,845.00     $ 2,617.00     $ 4,438.00
AXA Aggressive Allocation              N/A     $ 1,866.00     $ 2,652.00     $ 4,504.00
- ----------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding         N/A     $ 1,910.00     $ 2,722.00     $ 4,634.00
  Strategy**
- ----------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------
                                       If you do not surrender your contract at the end of
                                                  the applicable time period
- ----------------------------------------------------------------------------------------------
                                   1 year       3 years           5 years        10 years
- ----------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------
                                                                    
AXA Conservative Allocation       $ 393.00     $ 1,205.00        $ 2,051.00     $ 4,314.00
AXA Conservative-Plus Allocation  $ 394.00     $ 1,208.00        $ 2,056.00     $ 4,324.00
AXA Moderate Allocation           $ 399.00     $ 1,223.00        $ 2,082.00     $ 4,371.00
AXA Moderate-Plus Allocation      $ 406.00     $ 1,245.00        $ 2,117.00     $ 4,438.00
AXA Aggressive Allocation         $ 414.00     $ 1,266.00        $ 2,152.00     $ 4,504.00
- ----------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding    $ 428.00     $ 1,310.00        $ 2,222.00     $ 4,634.00
  Strategy**
- ----------------------------------------------------------------------------------------------




*  This investment option will be available on or about May 29, 2007, subject
   to regulatory approval.

For information on how your contract works under certain hypothetical
circumstances, please see Appendix II at the end of this Prospectus.


14 Fee table



CONDENSED FINANCIAL INFORMATION

Please see Appendix I at the end of this Prospectus for the unit values and the
number of units outstanding as of the end of the periods shown for each of the
variable investment options available as of December 31, 2006.



                                                                    Fee table 15


1. Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT

You may purchase a contract by making payments to us that we call
"contributions." We require a minimum contribution amount of $25,000. The
following table summarizes our rules regarding contributions to your contract.
The owner, annuitant and successor owner or joint annuitant, if any, must all
meet the same issue age requirements.

We may refuse to accept any contribution if the sum of all contributions under
all AXA Equitable Retirement Income for Life(SM) contracts with the same owner
or annuitant would then total more than $1,500,000. We reserve the right to
limit aggregate contributions made after the first contract year to 150% of
first-year contributions. We may also refuse to accept any contribution if the
sum of all contributions under all AXA Equitable annuity accumulation contracts
with the same owner or annuitant would then total more than $2,500,000. We may
accept less than the minimum initial contribution under a contract if an
aggregate amount of contracts purchased at the same time by an individual
(including spouse) meets the minimum.

Additional contributions are not permitted after the later of: (i) the end of
the first contract year, and (ii) the date you make your first withdrawal.
Additional contribution rules are set forth in the chart below.


- --------------------------------------------------------------------------------
The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
"annuitant" is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.
- --------------------------------------------------------------------------------





- ---------------------------------------------------------------------------------------------------------------------------------
                  Available        Minimum
Contract type     for issue ages   contributions             Source of contributions          Limitations on contributions
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                  
NQ                45 through 85    o  $25,000 (initial)      o  After-tax money.              o  No additional contributions
                                                                                                 may be made after attain-
                                   o  $1,000 (additional)    o  Paid to us by check or           ment of annuitant's age 86,
                                                                transfer of contract value       or, if later, the first contract
                                                                in a tax-deferred exchange       date anniversary.
                                                                under Section 1035 of the
                                                                Internal Revenue Code.
- ---------------------------------------------------------------------------------------------------------------------------------
Rollover IRA      45 through 85    o  $25,000 (initial)      o  Rollover or direct transfers  o  No additional contributions
                                                                only; regular IRA contribu-      may be made after attain-
                                   o  $1,000 (additional)       tions are not permitted.         ment of annuitant's age 86,
                                                                                                 or, if later, the first contract
                                                             o  Eligible rollover distribu-      date anniversary.
                                                                tions from TSA contracts or
                                                                other 403(b) arrangements,    o  Contributions after age 70-1/2
                                                                qualified plans, and govern-     must be net of required
                                                                mental employer 457(b) plans.    minimum distributions.
                                                                plans.

                                                             o  Rollovers from another
                                                                traditional individual
                                                                retirement arrangement.

                                                             o  Direct custodian-to-
                                                                custodian transfers from
                                                                another traditional
                                                                individual retirement
                                                                arrangement.
- ---------------------------------------------------------------------------------------------------------------------------------



16  Contract features and benefits





- -----------------------------------------------------------------------------------------------------------------------------
                  Available        Minimum
 Contract type   for issue ages   contributions             Source of contributions            Limitations on contributions
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                  
Roth IRA         45 through 85    o  $25,000 (initial)      o  Rollover or direct             o  No additional contributions
                                  o  $1,000 (additional)       transfers only; regular           may be made after attain-
                                                               Roth IRA contributions            ment of annuitant's age 86,
                                                               are not permitted.                or, if later, the first
                                                                                                 contract date anniversary.
                                                            o  Rollover from another Roth
                                                               IRA.                           o  Conversion rollovers after
                                                                                                 age 70-1/2 must be net of
                                                            o  Rollovers from a "desig-          required minimum distribu-
                                                               nated Roth contribution           tions for the traditional
                                                               account" under a 401(k)           IRA you are rolling over.
                                                               plan or 403(b) arrangement.
                                                                                              o  You cannot roll over funds
                                                            o  Conversion rollovers from         from a traditional IRA if
                                                               traditional IRA.                  your adjusted gross income
                                                                                                 is $100,000 or more.
                                                            o  Direct transfers from
                                                               another Roth IRA.
- -----------------------------------------------------------------------------------------------------------------------------
Rollover TSA     45 through 85    o  $25,000 (initial)      o  Direct transfers of pre-tax    o  No additional contributions
                                  o  $1,000 (additional)       funds from another contract       may be made after attain-
                                                               or arrangement under Sec-         ment of annuitant's age 86,
                                                               tion 403(b) of the Internal       or, if later, the first
                                                               Revenue Code, complying           contract date anniversary.
                                                               with IRS Revenue Ruling
                                                               90-24.                         o  Rollover or direct transfer
                                                                                                 contributions after age
                                                            o  Eligible rollover distribu-       70-1/2 must be net of any
                                                               tions of pre-tax funds from       required minimum
                                                               other 403(b) plans. Subse-        distributions.
                                                               quent contributions may
                                                               also be rollovers from         o  We do not accept employer-
                                                               qualified plans,                  remitted contributions.
                                                               governmental employer
                                                               457(b) plans and
                                                               traditional IRAs.
- -----------------------------------------------------------------------------------------------------------------------------




                                               Contract features and benefits 17






- ----------------------------------------------------------------------------------------------------------------------------
                  Available        Minimum
 Contract type   for issue ages   contributions              Source of contributions           Limitations on contributions
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                  
QP               45 through 75    o  $25,000 (initial)      o  Only transfer contributions    o  A separate QP contract must
                                  o  $1,000 (additional)       from other investments            be established for each
                                                               within an existing defined        plan participant.
                                                               contribution qualified plan
                                                               trust.                         o  We do not accept regular
                                                                                                 ongoing payroll contribu-
                                                            o  The plan must be qualified        tions, or any other
                                                               under Section 401(a) of the       contributions directly from
                                                               Internal Revenue Code.            the employer.

                                                            o  For 401(k) plans, trans-       o  Only one additional
                                                               ferred contributions may          transfer contribution may
                                                               not include any after-tax         be made during a contract
                                                               contributions, including          year.
                                                               designated Roth contribu-
                                                               tions.                         o  No additional transfer con-
                                                                                                 tributions after
                                                                                                 participant's attainment of
                                                                                                 age 76 or, if later, the
                                                                                                 first contract date
                                                                                                 anniversary.

                                                                                              o  Contributions after age
                                                                                                 70-1/2 must be net of any
                                                                                                 required minimum
                                                                                                 distributions.

                                                                                              o  We do not accept contribu-
                                                                                                 tions from defined benefit
                                                                                                 plans.

See Appendix II at the end of this Prospectus for a discussion of purchase considerations of QP contracts.
- ----------------------------------------------------------------------------------------------------------------------------



See "Tax information" later in this Prospectus for a more detailed discussion of
sources of contributions and certain contribution limitations. For information
on when contributions are credited under your contract see "Dates and prices at
which contract events occur" in "More information" later in this Prospectus.


18 Contract features and benefits




OWNER AND ANNUITANT REQUIREMENTS

The owner, annuitant and successor owner or joint annuitant, if any, must all
meet the same issue age requirements. Under NQ contracts only, the annuitant can
be different from the owner. For all contracts other than QP, the owner,
successor owner and annuitant, if different, must be age 45-85 at issue. For QP
contracts, the annuitant must be age 45-75 at issue.

Joint owners are not permitted except under NQ contracts.

A successor owner may be named at contract issue only. The successor owner must
be the owner's spouse. If you and the successor owner are no longer married, you
may either: (i) drop the original successor owner or (ii) replace the original
successor owner with your new spouse. This can only be done before the first
withdrawal is made from the contract. After the first withdrawal, the successor
owner can be dropped but cannot be replaced.

A joint annuitant may be named at contract issue only if the contract is owned
by a non-natural owner. The annuitant and joint annuitant must be spouses. If
the annuitant and joint annuitant are no longer married, you may either: (i)
drop the joint annuitant or (ii) replace the original joint annuitant with the
annuitant's new spouse. This can only be done before the first withdrawal. After
the first withdrawal, the joint annuitant may be dropped but cannot be replaced.
Joint annuitants are not permitted under any other contracts.

Under both types of IRA and Rollover TSA contracts, the owner and annuitant must
be the same person. In some cases, an IRA contract may be held in a custodial
individual retirement account for the benefit of the individual annuitant. This
option may not be available under your contract.


Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee and all benefits are based on
the age of the annuitant. See Appendix II at the end of this Prospectus for more
information on QP contracts.



HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply contributions
made pursuant to a Section 1035 tax-free exchange or a direct transfer. We do
not accept third-party checks endorsed to us except for rollover contributions,
tax-free exchanges or trustee checks that involve no refund. All checks are
subject to our ability to collect the funds. We reserve the right to reject a
payment if it is received in an unacceptable form.

For your convenience, we will accept initial and any permitted additional
contributions by wire transmittal from certain broker-dealers who have
agreements with us for this purpose, including circumstances under which such
contributions are considered received by us when your order is taken by such
broker-dealers. See "More information" later in this Prospectus.

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing or
unclear, we will hold the contribution, whether received via check or wire, in a
non-interest bearing suspense account while we try to obtain that information.
If we are unable to obtain all of the information we require within five
business days after we receive an incomplete application or form, we will inform
the financial professional submitting the application on your behalf. We will
then return the contribution to you unless you specifically direct us to keep
your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

Your investment options are the variable investment options. Your investment
results in any one of the variable investment options will depend on the
investment performance of the underlying portfolios. You can lose your principal
when investing in the variable investment options. In periods of poor market
performance, the net return, after charges and expenses, may result in negative
yields. Listed below are the currently available portfolios and their investment
objectives.

                                              Contract features and benefits  19



PORTFOLIOS OF THE TRUST

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. Each portfolio of the AXA Premier VIP Trust
invests in portfolios of both AXA Premier VIP Trust and EQ Advisors Trust. The
EQ/Franklin Templeton Founding Strategy invests in portfolios of the EQ Advisors
Trust.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for inclusion
in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC, an
affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject to
conflicts of interest insofar as AXA Equitable may derive greater revenues from
the AXA Allocation Portfolios than certain other portfolios available to you
under your contract. In addition, the AXA Allocation Portfolios may enable AXA
Equitable to more efficiently manage AXA Equitable's financial risks associated
with certain guaranteed features including those optional benefits that restrict
allocations to the AXA Allocation Portfolios. Please see "Allocating your
contributions" in "Contract features and benefits" for more information about
your role in managing your allocations.





- -------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust          Objective
Portfolio Name
- -------------------------------------------------------------------------------------------------------------------------
                           
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.
- -------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a greater emphasis on current income.
 ALLOCATION
- -------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.
- -------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income, with a greater emphasis on capital
 ALLOCATION                   appreciation.
- -------------------------------------------------------------------------------------------------------------------------
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.
- -------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust
 Portfolio Name                Objective
- -------------------------------------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily seeks income.
 FOUNDING STRATEGY*
- -------------------------------------------------------------------------------------------------------------------------




*  This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.

You should consider the investment objective, risks, and charges and expenses of
the portfolios carefully before investing. The prospectuses for the portfolios
contain this and other important information about the portfolios. The
prospectuses, which are attached to this Prospectus, should be read carefully
before investing.


20 Contract features and benefits




ALLOCATING YOUR CONTRIBUTIONS

You may allocate your contributions to one or more, or all, of the variable
investment options. Allocations must be in whole percentages and you may change
your allocations at any time. The total of your allocations into all available
investment options must equal 100%. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an investment
advisory account, and AXA Equitable is not providing any investment advice or
managing the allocations under your contract. In the absence of a specific
written arrangement to the contrary, you, as the owner of the contract, have the
sole authority to make investment allocations and other decisions under the
contract. If your financial professional is with AXA Advisors, he or she is
acting as a broker-dealer registered representative, and is not authorized to
act as an investment advisor or to manage the allocations under your contract.
If your financial professional is a registered representative with a
broker-dealer other than AXA Advisors, you should speak with him/her regarding
any different arrangements that may apply.


AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM) BENEFIT


The AXA Equitable Retirement Income for Life(SM) benefit guarantees that you can
take lifetime withdrawals up to a maximum amount per year (your "Guaranteed
annual payment"). You may elect one of our automated payment plans or you may
take partial withdrawals. All withdrawals reduce your account value and
Guaranteed minimum death benefit. See "Accessing your money" later in this
Prospectus.


You may buy this contract on a single life ("Single life") or a joint life
("Joint life") basis. There is no designated successor owner (or joint annuitant
under a contract with a non-natural owner) in a Single life contract and none
may be added subsequent to contract issue. For Joint life contracts, you must
designate your spouse as the successor owner (or joint annuitant, as applicable)
at the time of contract issue. Under a Joint life contract, lifetime withdrawals
are guaranteed for the life of both the owner and successor owner (or annuitant
and joint annuitant, as applicable). Joint life QP and TSA contracts are not
permitted.

The cost of the AXA Equitable Retirement Income for Life(SM) benefit will be
deducted from your account value on each contract date anniversary. Please see
"AXA Equitable Retirement Income for Life(SM) benefit charge" in "Charges and
expenses" later in this Prospectus for a description of the charge.

You should not purchase this contract if:

o  You plan to take withdrawals in excess of your Guaranteed annual payment
   amount because those withdrawals may significantly reduce or eliminate the
   value of the benefit (see "Effect of Excess withdrawals" below in this
   section);

o  You are interested in long term accumulation rather than taking withdrawals;

o  You are using the contract to fund a Rollover TSA or QP contract where
   withdrawal restrictions will apply; or

o  You plan to use it for withdrawals prior to age 59-1/2, as the taxable amount
   of the withdrawal will be subject to an additional 10% federal income tax
   penalty, as discussed later in this Prospectus.

For traditional IRAs, TSA and QP contracts, the AXA Equitable Retirement Income
for Life(SM) contract makes provisions for you to take lifetime required minimum
distributions ("RMDs") without losing the value of the AXA Equitable Retirement
Income for Life(SM) benefit, provided you comply with the conditions described
under "Lifetime required minimum distribution withdrawals" in "Accessing your
money" later in this Prospectus, including utilizing our Automatic RMD service.
If you do not expect to comply with these conditions, this benefit may have
limited usefulness for you and you should consider whether it is appropriate.
Please consult your tax adviser.

YOUR INCOME BASE

At issue, your Income base is equal to your initial contribution and will
increase or decrease, as follows:

o  Your Income base increases by the dollar amount of any subsequent
   contributions.

o  Your Income base may be increased on each contract date anniversary, as
   described below under "Annual step-up" and "5% deferral bonus."

o  Your Income base is not reduced by withdrawals except those withdrawals that
   exceed your Guaranteed annual payment amount ("Excess withdrawal"). See
   "Effect of Excess withdrawals" below in this section.

YOUR GUARANTEED ANNUAL PAYMENT AMOUNT

Your initial Guaranteed annual payment amount is equal to a percentage of the
Income base. The applicable percentage ("Applicable percentage") is based on the
owner's age at the time of the first withdrawal. For Joint life contracts, the
Applicable percentage is based on the age of the owner or successor owner,
whoever is younger at the time of the first withdrawal. For Single life
contracts held by non-natural owners, the Applicable percentage is based on the
annuitant's age. For Joint life contracts held by non-natural owners, the
Applicable percentage is based on the younger annuitant's age at the time of the
first withdrawal. If your Income base ratchets, as described below in this
section under "Annual step-up," on any contract date anniversary after you begin
taking withdrawals, your Applicable percentage may increase based on your
attained age at the time of the ratchet. The Applicable percentages are as
follows:


- -------------------------------------
 Age            Applicable percentage
- -------------------------------------
45-64          4.0%
65-74          5.0%
75-84          6.0%
85 and older   7.0%
- -------------------------------------

We will recalculate the Guaranteed annual payment amount on each contract date
anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of


                                              Contract features and benefits  21



Excess withdrawals" and "Subsequent contributions." The payment amount is
guaranteed never to decrease as long as there are no Excess withdrawals.

Your Guaranteed annual payments are not cumulative. If you withdraw less than
the Guaranteed annual payment amount in any contract year, you may not add the
remainder to your Guaranteed annual payment amount in any subsequent year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual payment amount, but all withdrawals are counted toward your
free withdrawal amount. See "Withdrawal charge" in "Charges and expenses" later
in this Prospectus.

EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual payment amount in any contract year. Once a withdrawal causes cumulative
withdrawals in a contract year to exceed your Guaranteed annual payment amount,
the entire amount of that withdrawal and each subsequent withdrawal in that
contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your Income base
and your Guaranteed annual payment amount. If you make an Excess withdrawal, we
will recalculate your Income base and the Guaranteed annual payment amount, as
follows:

   o  The Income base is reset as of the date of the Excess with drawal to equal
      the lesser of: (i) the Income base immediately prior to the Excess
      withdrawal and (ii) the account value immediately following the Excess
      withdrawal.

   o  The Guaranteed annual payment amount is recalculated to equal the
      Applicable percentage multiplied by the reset Income base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual payment amount as such withdrawals significantly
reduce or eliminate the value of the AXA Equitable Retirement Income for
Life(SM) benefit. If your account value is less than your Income base (due, for
example, to negative market performance), an Excess withdrawal, even one that is
only slightly more than your Guaranteed annual payment amount, can significantly
reduce your Income base and the Guaranteed annual payment amount.

For example, assume your Income base is $100,000 and your account value is
$80,000 when you decide to begin taking withdrawals at age 65. Your Guaranteed
annual payment amount is equal to $5,000 (5.0% of $100,000). You take an initial
withdrawal of $8,000. Since your Income base is immediately reset to equal the
lesser of your Income base prior to the Excess withdrawal ($100,000) and your
account value immediately following the Excess withdrawal ($80,000 minus
$8,000), your Income base is now $72,000. In addition, your Guaranteed annual
payment amount is reduced to $3,600 (5.0% of $72,000), instead of the original
$5,000.

Withdrawal charges, if applicable, are applied to the amount of the withdrawal
exceeding the Guaranteed annual payment amount. See "Withdrawal charge" in
"Charges and expenses" later in this Prospectus. You should further note that an
Excess withdrawal that reduces your account value to zero terminates the
contract, including all benefits, without value. See "Insufficient account
value" in "Determining your contract value" later in this Prospectus.

In general, if you purchase this contract as a traditional IRA, QP or TSA and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual payment amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.

ANNUAL STEP-UP


Your Income base is recalculated on each contract date anniversary to equal the
greater of: (i) the account value and (ii) the most recent Income base. If your
account value is greater, we will ratchet up your Income base to equal your
account value. If your Income base ratchets on any contract date anniversary
after you begin taking withdrawals, your Applicable percentage may increase
based on your attained age at the time of the ratchet. Your Guaranteed annual
payment will also be increased to equal your Applicable percentage times your
new Income base.

If your Income base ratchets, we may increase the charge for the benefit. Once
we increase the charge, it is increased for the life of the contract. We will
permit you to opt out of the ratchet if the charge increases. If you choose to
opt out, your charge will stay the same but your Income base will no longer
ratchet. Upon request, we will permit you to accept an Income base ratchet with
the charge increase on a subsequent contract date anniversary. For a description
of the charge increase, see "AXA Equitable Retirement Income for Life(SM)
benefit charge" in "Charges and expenses" later in this Prospectus.


5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your Income base by an amount
equal to 5% of your total contributions. If the Annual step- up (as discussed
immediately above) occurs on any contract date anniversary, for the next and
subsequent contract years, the bonus will be 5% of the most recent ratcheted
Income base plus any subsequent contributions. If the Income base is reduced due
to an Excess withdrawal, the 5% deferral bonus will be calculated using the
reset Income base plus any applicable contributions. The deferral bonus
generally excludes contributions made in the prior 12 months. In the first
contract year, the deferral bonus is determined using all contributions received
in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current Income
base, the amount is greater than your account value, that amount will become
your new Income base. If that amount is less than or equal to your account
value, your Income base will be ratcheted to equal your account value, and the
5% deferral bonus will not apply. If you opt out of the Annual step-up (as
discussed immediately above), the 5% deferral bonus will still apply.

22  Contract features and benefits



SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your Income base will be increased
by the amount of the contribution. Your Guaranteed annual payment amount will be
equal to the Applicable percentage of the increased Income base.

EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO


If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits, as
discussed below. If an Excess withdrawal results in a withdrawal that equals
more than 90% of your cash value or reduces your cash value to less than $500,
we will treat your request as a surrender of your contract even if your GWBL
benefit base is greater than zero.


However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  The AXA Equitable Retirement Income for Life(SM) contract terminates and you
   will receive a supplementary life annuity contract setting forth your
   continuing benefits. The owner of the AXA Equitable Retirement Income for
   Life(SM) contract will be the owner and annuitant. The successor owner, if
   applicable, will be the joint annuitant. If the owner is non-natural, the
   annuitant and joint annuitant, if applicable, will be the same as under the
   AXA Equitable Retirement Income for Life(SM) contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.


o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual payment for that contract year in a lump sum. Payment of the
   Guaranteed annual payment will begin on the next contract date anniversary.


o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.

o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar for dollar basis
   as payments are made. If there is any remaining death benefit upon the death
   of the owner and successor owner, if applicable, we will pay it to the
   beneficiary.

o  The charge for the AXA Equitable Retirement Income for Life(SM) benefit and
   the Annual Ratchet to age 85 death benefit will no longer apply.

o  If at the time of your death your Guaranteed annual payment amount was being
   paid to you as a supplementary life annuity contract, your beneficiary may
   not elect the Beneficiary continuation option.

OTHER IMPORTANT CONSIDERATIONS

o  You should not purchase this contract if you are interested in long term
   accumulation rather than current payments or payments in the near future.

o  Amounts withdrawn in excess of your Guaranteed annual payment amount may be
   subject to a withdrawal charge, if applicable, as described in "Charges and
   expenses" later in the Prospectus. In addition, all withdrawals count toward
   your free withdrawal amount for that contract year. Excess withdrawals can
   significantly reduce or completely eliminate the value of this benefit. See
   "Effect of Excess withdrawals" above in this section and "Withdrawing your
   account value" in "Accessing your money" later in this Prospectus.

o  Withdrawals made under the AXA Equitable Retirement Income for Life(SM)
   contract are not taxed as annuity payments, and may be subject to an
   additional 10% Federal income tax penalty before age 59-1/2. See "Tax
   information" later in this Prospectus.

o  All payments under the AXA Equitable Retirement Income for Life(SM) benefit
   reduce your account value and Guaranteed minimum death benefit. See "How
   withdrawals are taken from your account value" and "How withdrawals affect
   your Guaranteed minimum death benefit" in "Accessing your money" later in
   this Prospectus.

o  If you withdraw less than the Guaranteed annual payment amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   payment amount in any subsequent year.

o  The AXA Equitable Retirement Income for Life(SM) benefit terminates if the
   contract is continued under the beneficiary continuation option or the
   successor owner annuitant feature.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual payment amount, all benefits under the
   contract will terminate, including the AXA Equitable Retirement Income for
   Life(SM) benefit.


o  Generally, if you transfer ownership of this contract, you terminate the AXA
   Equitable Retirement Income for Life(SM) benefit. See "Transfers of
   ownership, collateral assignments, loans and borrowing" in "More information"
   later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer without
   purchasing a withdrawal benefit.

o  For IRA, QP or TSA contracts, if you have to take a required minimum
   distribution ("RMD") and it is your first withdrawal under the contract, the
   RMD will be considered your "first withdrawal" for the purposes of
   establishing your Applicable percentage.


If you elect the AXA Equitable Retirement Income for Life(SM) benefit on a Joint
life basis and subsequently get divorced, your divorce will not automatically
terminate the contract. For both Joint life and Single life contracts, it is
possible that the terms of your divorce decree could significantly reduce or
completely eliminate the value of this benefit.


GUARANTEED MINIMUM DEATH BENEFIT

STANDARD DEATH BENEFIT. Your contract provides a standard death benefit. If you
do not elect the Annual Ratchet to age 85 death benefit


                                              Contract features and benefits  23



described below, the death benefit is equal to your account value as of the date
we receive satisfactory proof of death, any required instructions for the method
of payment, information and forms necessary to effect payment, OR the standard
death benefit, whichever provides the higher amount. The standard death benefit
is equal to your total contributions, adjusted for withdrawals (including any
applicable withdrawal charges), and any taxes that apply. The standard death
benefit is the only death benefit available for owners (or older Joint life, if
applicable) ages 76 through 85 at issue. Once your contract is issued, you may
not change or voluntarily terminate your death benefit. The amount of any
withdrawal charge is described under "Withdrawal charge" in "Charges and
expenses" later in the Prospectus.


ANNUAL RATCHET TO AGE 85 DEATH BENEFIT. If you elect the Annual Ratchet to age
85 death benefit, the death benefit is equal to your account value as of the
date we receive satisfactory proof of the owner's (or the second to die for
Joint life contracts, if applicable) death, any required instructions for the
method of payment, information and forms necessary to effect payment, or the
Annual Ratchet to age 85 death benefit on the date of the owner's (or the second
to die for Joint life contracts, if applicable) death, adjusted for subsequent
withdrawals (and associated withdrawal charges), whichever provides the higher
amount. See "Payment of death benefit" later in this Prospectus for more
information.

Your benefit base is equal to the greater of either:

o  your initial contribution to the contract (plus any additional
   contributions), or


o  your highest account value on any contract date anniversary up to the
   contract date anniversary following the owner's (or older Joint life's, if
   applicable) 85th birthday, plus any contributions made since the most recent
   annual ratchet,

                                      less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of the deduction is described under "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing your
   money" later in this Prospectus. The amount of any withdrawal charge is
   described under "Withdrawal charge" in "Charges and expenses" later in the
   Prospectus.

For contracts with non-natural owners, the last contract date anniversary a
ratchet could occur is based on the annuitant's (or older joint annuitant's, if
applicable) age.


The Annual Ratchet to age 85 death benefit is equal to its corresponding benefit
base. Once you have elected the Annual Ratchet to age 85 death benefit, you may
not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum death benefit in
"Accessing your money" and "Charges and expenses" later in this Prospectus for
more information on these guaranteed benefits.

If you elect the Annual Ratchet to age 85 death benefit option described below
and change ownership of the contract, generally the benefit will automatically
terminate, except under certain circumstances. If this occurs, either death
benefit elected will be replaced with the Standard death benefit. For contracts
with non-natural owners, the death benefit will be payable upon the death of the
annuitant (or second to die of the joint annuitants, if applicable). See
"Transfers of ownership, collateral assignments, loans and borrowing" in "More
information" later in this Prospectus for more information.

Please see "Insufficient account value" in "Determining your contract's value"
for more information on this guaranteed benefit.

YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it to
us for a refund. To exercise this cancellation right you must mail the contract,
with a signed letter of instruction electing this right, to our processing
office within 10 days (the "free look" period) after you receive it.

Generally, your refund will equal your account value under the contract on the
day we receive notification of your decision to cancel the contract and will
reflect any investment gain or loss in the variable investment options, less the
daily charges we deduct. For any IRA contract returned to us within seven days
after you receive it, we are required to refund the full amount of your
contribution.

We may require that you wait six months before you may apply for a contract with
us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth IRA contract, you may cancel your
Roth IRA contract and return to a Rollover IRA contract, whichever applies. Our
processing office, or your financial professional, can provide you with the
cancellation instructions.


24  Contract features and benefits



2. Determining your contract's value

- --------------------------------------------------------------------------------
YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in the variable
investment options.

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
pro rata portion of the AXA Equitable Retirement Income for Life(SM) benefit
charge and (ii) any applicable withdrawal charges. Please see "Surrendering
your contract to receive its cash value" in "Accessing your money" later in
this Prospectus.

YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges); or

(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option.

In addition, when we deduct the AXA Equitable Retirement Income for Life(SM)
benefit charge and the charge for the optional Annual Ratchet to age 85 death
benefit, the number of units credited to your contract will be reduced. A
description of how unit values are calculated is found in the SAI.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate if your account value is insufficient to pay any
applicable charges when due. Your account value could become insufficient due to
withdrawals and/or poor market performance. Upon such termination, you will lose
all your rights under your contract and any guaranteed benefits, except as
discussed earlier in this Prospectus in "Contract features and benefits" under
"Effect of your account value falling to zero."

                                           Determining your contract's value  25



3. Transferring your money among investment options

- --------------------------------------------------------------------------------
TRANSFERRING YOUR ACCOUNT VALUE

You can transfer some or all of your account value among the investment
options.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)   the contract number,

(2)   the dollar amounts or percentages of your current account value to be
      transferred, and

(3)   the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.



DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing " organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios in
which the variable investment options invest. Disruptive transfer activity may
adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how portfolio
shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.


We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (together, the "trusts"). The trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the trust obtains from us contract owner trading activity. The trusts currently
consider transfers into and out of (or vice versa) the same variable investment
option within a five business day period as potentially disruptive transfer
activity. In most cases, each trust reserves the right to reject a transfer that
it believes, in its sole discretion, is disruptive (or potentially disruptive)
to the management of one of its portfolios. Please see the prospectuses for the
trusts for more information.


When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive transfer
activity and that if such activity continues certain transfer privileges may be
eliminated. If and when the contract owner is identified a second time as
engaged in potentially disruptive transfer activity under the contract, we
currently prohibit the use of voice, fax and automated transaction services. We
currently apply such action for the remaining life of each affected contract. We
or a trust may change the definition of potentially disruptive transfer
activity, the monitoring procedures and thresholds, any notification procedures,
and the procedures to restrict this activity. Any new or revised policies and


26  Transferring your money among investment options




procedures will apply to all contract owners uniformly. We do not permit
exceptions to our policies restricting disruptive transfer activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, neither trust had implemented such a fee. If a redemption fee is
implemented by a trust, that fee, like any other trust fee, will be borne by the
contract owner.

Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all disruptive transfers. Because there is
no guarantee that disruptive trading will be stopped, some contract owners may
be treated differently than others, resulting in the risk that some contract
owners may be able to engage in frequent transfer activity while others will
bear the effect of that frequent transfer activity. The potential effects of
frequent transfer activity are discussed above.

REBALANCING YOUR ACCOUNT VALUE


We currently offer a rebalancing program that you can use to automatically
reallocate your account value among the variable investment options. In order to
participate, you must tell us:


(a)   the percentage you want invested in each variable investment option (whole
      percentages only), and

(b)   how often you want the rebalancing to occur (quarterly, semiannually, or
      annually on a contract year basis).

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.

While your rebalancing program is in effect, we will transfer amounts among the
variable investment options so that the percentage of your account value that
you specify is invested in each option at the end of each rebalancing date.
Your entire account value in the variable investment options must be included
in the rebalancing program.

- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------
You may elect the rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while the rebalancing program is in effect, we will process the
transfer as requested; your rebalancing allocations will not be changed; and the
rebalancing program will remain in effect unless you request that it be canceled
in writing. There is no charge for the rebalancing feature.

                            Transferring your money among investment options  27



4. Accessing your money

- --------------------------------------------------------------------------------
WITHDRAWING YOUR ACCOUNT VALUE

You have several ways to withdraw your account value as described below. For
some QP or Rollover TSA contracts, your ability to take withdrawals under your
contract may be limited. See "Tax information" later in this Prospectus. No
loans are permitted under this contract.

When selecting a withdrawal method, it is important to remember that Excess
withdrawals may significantly reduce the value of the AXA Equitable Retirement
Income for Life(SM) benefit and contract. See "Effect of Excess withdrawals" in
"Contract features and benefits" earlier in this Prospectus. You should choose a
withdrawal method that is most appropriate for your needs AND does not cause
payment amounts in excess of your Guaranteed annual payment amount.

Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
death benefit," below for more information on how withdrawals affect your
guaranteed benefits and could potentially cause your contract to terminate.

All withdrawals in a contract year up to the Guaranteed annual payment amount
are not subject to a withdrawal charge.

AUTOMATIC PAYMENT PLANS

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.


MAXIMUM PAYMENT PLAN. Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual payment amount in scheduled payments. The amount of the
withdrawal will increase on contract anniversaries with any Annual step-up or 5%
deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual payment amount.


If you take a partial withdrawal while the Maximum payment plan is in effect, we
will terminate the plan. You may enroll in the plan again at any time, but the
scheduled payments will not resume until the next contract date anniversary.

CUSTOMIZED PAYMENT PLAN. Our Customized payment plan provides for the withdrawal
of a fixed amount less than or equal to the Guaranteed annual payment amount in
scheduled payments. The amount of the withdrawal will not be increased on
contract date anniversaries with any Annual step-up, or 5% deferral bonus. You
must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal. We
will notify you if the payment amount you elect would cause an Excess
withdrawal. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the AXA Equitable Retirement Income for
Life(SM) benefit. See "Effect of Excess withdrawals" in "Contract features and
benefits" earlier in this Prospectus.


If you take a partial withdrawal while the Customized payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date anniversary.

PARTIAL WITHDRAWALS

You may also take partial withdrawals from your account value at any time.
(Rollover TSA and QP contracts may have restrictions.) The minimum amount you
may withdraw is $300. If you elect to take partial withdrawals, you should
monitor your withdrawals to ensure that you do not exceed your Guaranteed annual
payment amount in any contract year and cause an Excess withdrawal. As discussed
earlier in the prospectus, Excess withdrawals may significantly reduce the value
of the AXA Equitable Retirement Income for Life(SM) contract. See "Effect of
Excess withdrawals" in "Contract features and benefits" earlier in this
Prospectus.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, QP and Rollover TSA contracts only -- See "Tax information" later
in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help you
meet lifetime required minimum distributions under federal income tax rules.
This is not the exclusive way for you to meet these rules, however, it may be
advisable for you to elect our Automatic RMD service as discussed below. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. Also, the actuarial present value of additional contract benefits
must be added to the account value in calculating required minimum distribution
withdrawals from annuity contracts funding qualified plans, TSAs and IRAs, which
could increase the amount required to be withdrawn. Please refer to "Tax
information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Cur-

28  Accessing your money



rently, minimum distribution withdrawal payments will be made annually. See
"Required minimum distributions" in "Tax information" later in this Prospectus
for your specific type of retirement arrangement.

Generally, if you elect our Automatic RMD service, any lifetime required minimum
distribution payment we make to you under our Automatic RMD service will not be
treated as an Excess withdrawal.


If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra payment, if necessary, on
December 1st that will equal your lifetime required minimum distribution less
all payments made through November 30 and any scheduled December payment. The
combined automatic plan payments and lifetime required minimum distribution
payment will not be treated as Excess withdrawals, if applicable. However, if
you take any partial withdrawals in addition to your lifetime required minimum
distribution and automatic payment plan payments, your applicable automatic
payment plan will be terminated. The partial withdrawal may cause an Excess
withdrawal and may be subject to a withdrawal charge. You may enroll in the plan
again at any time, but the scheduled payments will not resume until the next
contract date anniversary. Further, your Income base and Guaranteed annual
payment amount may be reduced. See "Effect of Excess Withdrawals" in "Contract
features and benefits" earlier in this Prospectus.

If you elect our Automatic RMD service and elect to take your Guaranteed annual
payments amount in partial withdrawals, we will make a payment, if necessary, on
December 1st that will equal your required minimum distribution less all
payments made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals.

We do not impose a withdrawal charge on lifetime required minimum distributions
if you are enrolled in our Automatic RMD service and one of our automatic
payment plans. However, if you take any partial withdrawals, this waiver will
not apply.


- --------------------------------------------------------------------------------
For Rollover IRA and Rollover TSA contracts, we will send a form outlining the
distribution options available in the year you reach age 70-1/2 (if you have not
begun your annuity payments before that time).
- --------------------------------------------------------------------------------

HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE

Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options.

HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM DEATH BENEFIT

Withdrawals will reduce both the Standard death benefit and the Annual Ratchet
to age 85 death benefit base on a dollar-for-dollar basis, as long as the sum of
withdrawals in a contract year is equal to or less than your Guaranteed annual
payment amount. Once a withdrawal is taken that causes the sum of withdrawals in
a contract year to exceed your Guaranteed annual payment amount, that entire
withdrawal (including RMDs that are not taken through our Automatic RMD service)
and any subsequent withdrawals in that same contract year will reduce the
benefit base pro rata. Reduction on a dollar-for-dollar basis means that your
applicable benefit base will be reduced by the dollar amount of the withdrawal.
Reduction on a pro rata basis means that we calculate the percentage of your
current account value that is being withdrawn and we reduce your current benefit
by the same percentage. For example, if your account value is $30,000 and you
withdraw $12,000, you have withdrawn 40% of your account value. If your benefit
was $40,000 before the withdrawal, it would be reduced by $16,000 ($40,000 X
..40) and your new benefit after the withdrawal would be $24,000 ($40,000 -
$16,000).


For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal charge
deducted from your account value. For more information on the calculation of the
charge, see "Withdrawal charge" later in the Prospectus.


HOW WITHDRAWALS AFFECT THE AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM) BENEFIT

Your Income base is not reduced by withdrawals up to the Guaranteed annual
payment amount. Withdrawals that exceed the Guaranteed annual payment amount,
however, can significantly reduce your Income base and Guaranteed annual
payment. For more information, see "Effect of Excess withdrawals" and "Other
important considerations" under "AXA Equitable Retirement Income for Life(SM)
benefit" in "Contract features and benefits" earlier in this Prospectus.

SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while the
owner is living and before you annuitize. (Rollover TSA and QP contracts may
have restrictions.) For a surrender to be effective, we must receive your
written request and your contract at our processing office. We will determine
your cash value on the date we receive the required information.

All benefits under the contract will terminate as of the date we receive the
required information, including the AXA Equitable Retirement Income for Life(SM)
benefit, if your cash value is greater than your Guaranteed annual payment
amount remaining for the contract year. For more information, please see "Effect
of your account value falling to zero" in "Contract features and benefits"
earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuitization options. See "Your annuitization options" below. For
the tax consequences of surrenders, see "Tax information" later in this
Prospectus.

WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may

                                                        Accessing your money  29



include payment of a death benefit, payment of any amount you withdraw (less any
withdrawal charge), payment of the cash value (upon surrender), and applying
proceeds upon annuitization. We may postpone such payments or applying proceeds
for any period during which:

(1)   the New York Stock Exchange is closed or restricts trading,

(2)   sales of securities or determination of the fair value of a variable
      investment option's assets is not reasonably practicable because of an
      emergency, or

(3)   the SEC, by order, permits us to defer payment to protect people remaining
      in the variable investment options.

We may defer payments for a reasonable amount of time (not to exceed 10 days)
while we are waiting for a contribution check to clear.

All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery service at your expense. Express delivery service is not available for
automatic payment plan payments.

YOUR ANNUITIZATION OPTIONS


You may elect to annuitize your contract after one year. When your contract is
annuitized, the AXA Equitable Retirement Income for Life(SM) benefit will
terminate without value. Payments you receive under the annuitization option you
select may be more or less than your Guaranteed annual payment amount. You
should consider the relative payment amounts carefully before annuitizing.


The AXA Equitable Retirement Income for Life(SM) contract guarantees that you
can apply your account value to receive fixed lifetime annuity payments. You may
also elect to receive payments under any other annuitization option that we
offer at the time.

We currently offer the annuitization options listed below. Restrictions may
apply, depending on the type of contract you own or the annuitant's age at
contract issue.

- --------------------------------------------------------------
Fixed annuitization options   Life annuity
                              Life annuity with period certain
                              Life annuity with refund certain
                              Period certain annuity
- --------------------------------------------------------------

o  Life annuity: An annuity that guarantees payments for the rest of the
   annuitant's life. Payments end with the last monthly payment before the
   annuitant's death. Because there is no continuation of benefits following the
   annuitant's death with this annuitization option, it provides the highest
   monthly payment of any of the life annuity options, so long as the annuitant
   is living.

o  Life annuity with period certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the end of a
   selected period of time ("period certain"), payments continue to the
   beneficiary for the balance of the period certain. The period certain cannot
   extend beyond the annuitant's life expectancy. A life annuity with a period
   certain is the form of annuity under the contract that you will receive if
   you do not elect a different annuitization option. In this case, the period
   certain will be based on the annuitant's age and will not exceed 10 years.

o  Life annuity with refund certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the amount applied
   to purchase the annuity option has been recovered, payments to the
   beneficiary will continue until that amount has been recovered. This
   annuitization option is available only as a fixed annuity.

o  Period certain annuity: An annuity that guarantees payments for a specific
   period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
   not exceed the annuitant's life expectancy. This option does not guarantee
   payments for the rest of the annuitant's life. It does not permit any
   repayment of the unpaid principal, so you cannot elect to receive part of the
   payments as a single sum payment with the rest paid in monthly annuity
   payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with refund
certain payout options are available on a single life or joint and survivor life
basis. The joint and survivor life annuity guarantees payments for the rest of
the annuitant's life, and after the annuitant's death, payments continue to the
survivor. We may offer other payout options not outlined here. Your financial
professional can provide details.

Annuity purchase factors. Annuity purchase factors are the factors applied to
determine your periodic payments under the annuitization options. The guaranteed
annuity purchase factors are those factors specified in your contract. The
current annuity purchase factors are those factors that are in effect at any
given time. Annuity purchase factors are based on interest rates, mortality
tables, frequency of payments, the form of annuity benefit, and the annuitant's
(and any joint annuitant's) age and sex in certain instances.

FIXED ANNUITIZATION OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.

THE AMOUNT APPLIED TO PURCHASE AN ANNUITIZATION OPTION

The amount applied to purchase an annuitization option varies, depending on the
annuitization option that you choose, and the timing of your purchase as it
relates to any withdrawal charges.

For the fixed annuitization options, no withdrawal charge is imposed if you
select a life annuity, life annuity with period certain or life annuity with
refund certain.


The withdrawal charge applicable under your AXA Equitable Retirement Income for
Life(SM) contract is imposed if you select a non-life contingent period certain
payout annuity. If the period certain is more than 5 years, then the withdrawal
charge deducted will not exceed 5% of the account value.


SELECTING AN ANNUITIZATION OPTION

When you select an annuitization option, we will issue you a separate written
agreement confirming your right to receive annuity payments.

30  Accessing your money



We require you to return your contract before annuity payments begin. The
contract owner and annuitant must meet the issue age and payment requirements.

You can choose the date annuity payments begin but it may not be earlier than 13
months from the AXA Equitable Retirement Income for Life(SM) contract date. You
can change the date your annuity payments are to begin anytime before that date
as long as you do not choose a date later than the 28th day of any month. Also,
that date may not be later than the annuity maturity date described below.


The amount of the annuity payments will depend on the amount applied to purchase
the annuity and the applicable annuity purchase factors, discussed earlier. The
amount of each annuity payment will be less with a greater frequency of payments
or with a longer duration of a non-life contingent annuity or a longer certain
period of a life contingent annuity. Once elected, the frequency with which you
receive payments cannot be changed.


If, at the time you elect an annuitization option, the amount to be applied is
less than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the annuitization option chosen.

YOUR CONTRACT'S MATURITY DATE


Your contract has a maturity date by which you must either take a lump sum
payment or select an annuitization option. The maturity date is based on the age
of the original annuitant at contract issue and cannot be changed even if you
name a new annuitant. For annuitants age 45-80 at issue, the maturity date is
the contract date anniversary that follows the annuitant's 90th birthday. For
annuitants age 81-85 at issue, the maturity date is the 10th contract date
anniversary. We will send a notice with the annual statement one year prior to
the maturity age.

If your contract is annuitized at maturity, we will offer an annuity payout
option that guarantees you will receive payments for life that are at least
equal to what you would have received under the AXA Equitable Retirement Income
for Life(SM) benefit. As described in "Contract features and benefits" under
"AXA Equitable Retirement Income for Life(SM) benefit," these payments will have
the potential to increase with favorable investment performance. Any remaining
Guaranteed minimum death benefit value will be transferred to the annuity payout
contract as your "minimum death benefit." If the enhanced death benefit had been
elected, its value as of the date the annuity payout contract is issued will
become your minimum death benefit, and it will no longer increase. The minimum
death benefit will be reduced dollar for dollar by each payment. If you die
while there is any minimum death benefit remaining, it will be paid to your
beneificiary.


                                                        Accessing your money  31



5.  Charges and expenses

- --------------------------------------------------------------------------------
CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o  A mortality and expense risks charge

o  An administrative charge

o  A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o  At the time you make certain withdrawals or surrender your contract -- a
   withdrawal charge.

o  On each contract date anniversary -- a charge for the AXA Equitable
   Retirement Income for Life(SM) benefit and the Annual Ratchet to age 85 death
   benefit (if elected). We will deduct a pro rata portion of this charge upon
   contract surrender, annuitization or death benefit payment.

o  At the time annuity payments are to begin -- charges designed to approximate
   certain taxes that may be imposed on us, such as premium taxes in your state.
   An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits under
the contracts. They are also designed, in the aggregate, to compensate us for
the risks of loss we assume pursuant to the contracts. If, as we expect, the
charges that we collect from the contracts exceed our total costs in connection
with the contracts, we will earn a profit. Otherwise, we will incur a loss.

The rates of certain of our charges have been set with reference to estimates of
the amount of specific types of expenses or risks that we will incur. In most
cases, this Prospectus identifies such expenses or risks in the name of the
charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
policies.

To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.


SEPARATE ACCOUNT ANNUAL EXPENSES

Mortality and expense risks charge. We deduct a daily charge from the net assets
in each variable investment option to compensate us for mortality and expense
risks, including the Guaranteed minimum death benefit. The daily charge is
equivalent to an annual rate of 0.80% of the net assets in each variable
investment option.


The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that the
mortality assumptions reflected in our guaranteed annuity payment tables, shown
in each contract, will differ from actual mortality experience. Lastly, we
assume a mortality risk to the extent that at the time of death, the Guaranteed
minimum death benefit exceeds the cash value of the contract. The expense risk
we assume is the risk that it will cost us more to issue and administer the
contracts than we expect.


Administrative charge. We deduct a daily charge from the net assets in each
variable investment option. The charge is to compensate us for administrative
expenses under the contracts. The daily charge is equivalent to an annual rate
of 0.30% of the net assets in each variable investment option.

Distribution charge. We deduct a daily charge from the net assets in each
variable investment option to compensate us for a portion of our sales expenses
under the contracts. The daily charge is equivalent to an annual rate of 0.20%
of the net assets in each variable investment option.


WITHDRAWAL CHARGE


A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed your Guaranteed annual
payment amount, described in "Your Guaranteed annual payment amount" under "AXA
Equitable Retirement Income for Life(SM) benefit" in "Contract features and
benefits" earlier in this Prospectus, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non-life contingent
annuitization option. If you surrender your contract or apply your cash value to
a non-life contingent annuitization option, the withdrawal charge will apply to
your entire surrender amount, without any reduction due to the Guaranteed annual
payment amount. For more information about the withdrawal charge if you select
an annuity payout option, see "Your annuitization options -- The amount applied
to purchase an annuity payout option" in "Accessing your money" earlier in the
Prospectus.


The withdrawal charge equals a percentage of the contributions withdrawn. The
percentage that applies depends on how long each contribution has been invested
in the contract. We determine the withdrawal charge separately for each
contribution according to the following table:

32  Charges and expenses



- ----------------------------------------------------------------
                         Contract year
- ----------------------------------------------------------------
                    1     2     3     4     5     6     7     8+
- ----------------------------------------------------------------
   Percentage of
   contribution     7%    7%    6%    6%    5%    3%    1%    0%
- ----------------------------------------------------------------

For purposes of calculating the withdrawal charge, we treat the contract year in
which we receive a contribution as "contract year 1." Amounts withdrawn up to
your Guaranteed annual payment amount are not considered withdrawal of any
contribution. We also treat contributions that have been invested the longest as
being withdrawn first. We treat contributions as withdrawn before earnings for
purposes of calculating the withdrawal charge. However, federal income tax rules
treat earnings under your contract as withdrawn first. See "Tax information"
later in this Prospectus.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover our sales expenses.


For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit " and
"How withdrawals affect your Guaranteed minimum death benefit" earlier in the
Prospectus.


The withdrawal charge does not apply in the circumstances described below.

Free withdrawal amount. We will waive any withdrawal charge for any withdrawal
during the contract year up to the Guaranteed annual payment amount. See "Your
Guaranteed annual payment amount" under "AXA Equitable Retirement Income for
Life(SM) benefit" in "Contract features and benefits" earlier in this Prospectus
for information about how your Guaranteed annual payment amount is calculated.
Each withdrawal, however, reduces your free withdrawal amount for that contract
year by the amount of the withdrawal. Withdrawal charges are generally applied
to the amount of the withdrawal that exceeds the Guaranteed annual payment
amount. See "Withdrawal charge" earlier in this section.

Disability, terminal illness, or confinement to nursing home.
The withdrawal charge also does not apply if:

(i)   The owner (or older Joint life, if applicable) has qualified to receive
      Social Security disability benefits as certified by the Social Security
      Administration; or

(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that the owner's (or older Joint life's, if applicable) life
      expectancy is six months or less; or

(iii) The owner (or older Joint life, if applicable) has been confined to a
      nursing home for more than 90 days (or such other period, as required in
      your state) as verified by a licensed physician. A nursing home for this
      purpose means one that is (a) approved by Medicare as a provider of
      skilled nursing care service, or (b) licensed as a skilled nursing home by
      the state or territory in which it is located (it must be within the
      United States, Puerto Rico, or U.S. Virgin Islands) and meets all of the
      following:

      -  its main function is to provide skilled, intermediate, or custodial
         nursing care;

      -  it provides continuous room and board to three or more persons;

      -  it is supervised by a registered nurse or licensed practical nurse;

      -  it keeps daily medical records of each patient;

      -  it controls and records all medications dispensed; and

      -  its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions described in (i), (ii) or
(iii) above existed at the time a contribution was remitted or if the condition
began within 12 months of the period following remittance.

The withdrawal charge does not apply to contracts issued in certain exchange
programs that may be offered to owners of eligible contracts. Any such program
will be described in the prospectus for the eligible contracts. You may contact
your financial professional for more information.

GUARANTEED MINIMUM DEATH BENEFIT CHARGE

STANDARD DEATH BENEFIT. There is no additional charge for this Guaranteed
minimum death benefit.

ANNUAL RATCHET TO AGE 85 DEATH BENEFIT. If you elect the Annual Ratchet to age
85 death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.30% of the Annual Ratchet to age 85 benefit base.

We will deduct a pro rata portion of the charge upon contract surrender,
annuitization or death benefit payment.


AXA EQUITABLE RETIREMENT INCOME FOR LIFE(SM) BENEFIT CHARGE


If the contract is based on a Single life, the charge is equal to 0.60% of your
Income base. If the contract is based on a Joint life (not available as a QP or
TSA contract), the charge is equal to 0.75%. We will deduct this charge annually
on each contract date anniversary from your value in the variable investment
options on a pro rata basis. We will deduct a pro rata portion of the charge
upon contract surrender, annuitization or death benefit payment.


INCOME BASE ANNUAL STEP-UP CHARGE. If your Income base ratchets, we reserve the
right to raise the charge at the time of an annual ratchet. The maximum charge
for the Single Life option is 0.75%. The maximum charge for the Joint Life
option is 0.90%. The current charge for the Single Life option is 0.60%. The
current charge for the Joint Life option is 0.75%. The increased charge, if any,
will apply as of the contract date anniversary on which your Income base
ratchets and on all contract date anniversaries thereafter. We will permit you
to opt out of the step-up if the charge increases.

                                                        Charges and expenses  33



For Joint life contracts, if the successor owner is dropped before you take your
first withdrawal, we will adjust the charge at that time to reflect a Single
life. If the Joint life is dropped after withdrawals begin, the charge will
continue based on Joint lives even if you drop the successor owner from your
contract.

If you change ownership of the contract, both the charge and the benefit are
terminated.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuitization option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:

o  Management fees ranging from 0.05% to 0.10%.


o  12b-1 fees of 0.25%.

o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian fees
   and liability insurance.


o  Investment related expenses such as brokerage commissions.

These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively the
"underlying portfolios"). The underlying portfolios each have their own fees and
expenses, including management fees, operating expenses, and investment related
expenses such as brokerage commissions. For more information about these
charges, please refer to the prospectus for the Trust.


GROUP OR SPONSORED ARRANGEMENTS


For certain group or sponsored arrangements, we may reduce the withdrawal charge
or the mortality and expense risks charge, or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum death
benefit or offer variable investment options that invest in shares of the Trusts
that are not subject to the 12b-1 fee. Group arrangements include those in which
a trustee or an employer, for example, purchases contracts covering a group of
individuals on a group basis. Group arrangements are not available for IRA
contracts. Sponsored arrangements include those in which an employer allows us
to sell contracts to its employees or retirees on an individual basis.


Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts or
that have been in existence less than six months will not qualify for reduced
charges.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules, the
Employee Retirement Income Security Act of 1974 ("ERISA"), or both. We make no
representations with regard to the impact of these and other applicable laws on
such programs. We recommend that employers, trustees, and others purchasing or
making contracts available for purchase under such programs seek the advice of
their own legal and benefits advisers.

OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.

34  Charges and expenses



6. Effect of death

- --------------------------------------------------------------------------------
In general, if you die while the contract is in force, the contract terminates
and the applicable death benefit is paid. There are various circumstances,
however, in which the contract continues in force under either Spousal
continuation or a Beneficiary continuation option ("BCO"). In some of the
circumstances, the AXA Equitable Retirement Income for Life(SM) benefit
terminates even though the contract continues.


The effect of death on your AXA Equitable Retirement Income for Life(SM)
contract and benefit varies depending on the circumstances. This chart
summarizes the effect of death on contract continuation, AXA Equitable
Retirement Income for Life(SM) benefit continuation, and payment of a death
benefit in various situations. For more information about our spousal
continuation and beneficiary continuation options, including how each impacts
the Annual Ratchet to age 85 death benefit, please see "Spousal continuation"
and "Beneficiary continuation option" later in this section.

A. IF DEATH OCCURS BEFORE THE ACCOUNT VALUE FALLS TO ZERO OR BEFORE YOU ELECT AN
ANNUITIZATION OPTION:




- ------------------------------------------------------------------------------------------------------------------------------------
Single life contracts:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                             
IF THE DECEASED    AND                     AND                        THEN
IS THE
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner     Is also the annuitant   The beneficiary is the     The AXA Equitable Retirement Income for Life(SM) benefit
                                           surviving spouse           terminates, and the death benefit is payable. Your spouse
                                                                      can continue the contract, without the AXA Equitable
                                                                      Retirement Income for Life(SM) benefit, under either the Spou-
                                                                      sal continuation or Beneficiary continuation options.
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner     Is also the annuitant   The beneficiary is not     The AXA Equitable Retirement Income for Life(SM) benefit
                                           the surviving spouse       terminates, and the death benefit is payable. Your benefi-
                                                                      ciary can continue the contract, without the AXA Equitable
                                                                      Retirement Income for Life(SM) benefit, under the Beneficiary
                                                                      continuation option.
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner     Annuitant is living     Beneficiary is spouse      The AXA Equitable Retirement Income for Life(SM) benefit
                                                                      terminates, and the death benefit is payable. The contract,
                                                                      without the AXA Equitable Retirement Income for Life(SM)
                                                                      benefit, can be continued under either Spousal continuation
                                                                      or the Beneficiary continuation options.
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner     Annuitant is living     Beneficiary is             The AXA Equitable Retirement Income for Life(SM) benefit
                                           non-spouse                 terminates, and the death benefit is payable. The contract,
                                                                      without the AXA Equitable Retirement Income for Life(SM)
                                                                      benefit, can be continued under the Beneficiary continua-
                                                                      tion option.
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant          The owner is living                                You become the annuitant, the contract and AXA Equitable
                                                                      Retirement Income for Life(SM) benefit continue, and no death
                                                                      benefit is payable.
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant          Owner is non-natural    Beneficiary is the spouse  The AXA Equitable Retirement Income for Life(SM) benefit
                                           of the annuitant           terminates, and the death benefit is payable. Your spouse
                                                                      can continue the contract, without the AXA Equitable
                                                                      Retirement Income for Life(SM) benefit, under either the Spou-
                                                                      sal continuation or Beneficiary continuation options.
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant          Owner is non-natural    Beneficiary is not the     The AXA Equitable Retirement Income for Life(SM) benefit
                                           spouse of the annuitant    terminates, and the death benefit is payable. Your benefi-
                                                                      ciary can continue the contract, without the AXA Equitable
                                                                      Retirement Income for Life(SM) benefit, under the Beneficiary
                                                                      continuation option.
- ------------------------------------------------------------------------------------------------------------------------------------


                                                              Effect of death 35





- ------------------------------------------------------------------------------------------------------------------------------------
Joint life contracts:*
- ------------------------------------------------------------------------------------------------------------------------------------
                                                               
IF THE DECEASED
IS THE                  AND                       AND                   THEN
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner          Is also the annuitant     The successor owner   The successor owner becomes the sole owner and annuitant and
                                                                        the contract and AXA Equitable Retirement Income for
                                                                        Life(SM) benefit continue.
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner          The annuitant is living   The successor owner   The successor owner becomes the sole owner and the con-
                                                  is also living        tract and AXA Equitable Retirement Income for Life(SM)
                                                                        benefit continue.

                                                                        In both situations:

                                                                        o  If withdrawals have been taken, the contract continues
                                                                           with the Joint life charge and with payments over the
                                                                           successor owner's life only.

                                                                        o  If no withdrawals have been taken, the Applicable per-
                                                                           centage will be based on the age of the successor owner
                                                                           at the time of the first withdrawal (even if he/she had
                                                                           been the older spouse). Charges will be reduced to the
                                                                           Single life charge prospectively.
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner          The successor owner is    The annuitant is      The AXA Equitable Retirement Income for Life(SM) benefit
                        also dead                 living                terminates, and the death benefit is payable. The contract
                                                                        can be continued under the Beneficiary continuation option.
- ------------------------------------------------------------------------------------------------------------------------------------
Successor Owner         The owner is living       The annuitant is      o  The AXA Equitable Retirement Income for Life(SM) benefit
                                                  living                   continues.

                                                                        o  If withdrawals have been taken, the contract continues
                                                                           with the Joint life charge and with payments over the
                                                                           owner's life only.

                                                                        o  If no withdrawals have been taken:

                                                                           o  The owner may name a new spouse as successor owner;
                                                                              the Applicable percentage will be based on the age of
                                                                              the younger spouse at the time of the first
                                                                              withdrawal.

                                                                           o  The owner may also choose to continue the contract as
                                                                              a Single life; the Single life charge will apply pro-
                                                                              spectively. The Applicable percentage will be based on
                                                                              the age of the owner at the time of the first with-
                                                                              drawal (even if the owner had been the older spouse).
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant               Owner is living           Successor owner is    The AXA Equitable Retirement Income for Life(SM) benefit
                                                  also living           continues, you become the annuitant and the contract con-
                                                                        tinues.
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant               Owner is also dead        Successor owner is    The successor owner becomes the sole owner and the annu-
                                                  living                itant, and the contract and AXA Equitable Retirement Income
                                                                        for Life(SM) benefit continue.

                                                                        o  If withdrawals have been taken, the contract continues
                                                                           with the Joint life charge and with payments over the
                                                                           successor owner's life only.

                                                                        o  If no withdrawals have been taken, the Applicable per-
                                                                           centage will be based on the age of the successor owner
                                                                           at the time of the first withdrawal (even if he/she had
                                                                           been the older spouse). Charges will be reduced to the
                                                                           Single life charge prospectively.
- ------------------------------------------------------------------------------------------------------------------------------------


36 Effect of death




- ------------------------------------------------------------------------------------------------------------------------------------
Joint life contracts:*
- ------------------------------------------------------------------------------------------------------------------------------------
                                                               
IF THE DECEASED
IS THE                  AND                       AND                   THEN
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant               Owner is non-natural      Joint annuitant       The joint annuitant becomes the sole annuitant, and the
                                                  is living             contract and AXA Equitable Retirement Income for Life(SM)
                                                                        benefit continue.

                                                                        o  If withdrawals have been taken, the contract continues
                                                                           with the Joint life charge and with payments over the
                                                                           remaining joint annuitant's life only.

                                                                        o  If no withdrawals have been taken, the Applicable per-
                                                                           centage will be based on the age of the surviving
                                                                           annuitant at the time of the first withdrawal (even if
                                                                           he/she had been the older spouse). Charges will be
                                                                           reduced to the Single life charge prospectively.
- ------------------------------------------------------------------------------------------------------------------------------------
Both Joint Annuitants   Owner is non-natural                            The AXA Equitable Retirement Income for Life(SM) benefit
                                                                        terminates and the death benefit is payable. The contract
                                                                        can be continued under the Beneficiary continuation option.
- ------------------------------------------------------------------------------------------------------------------------------------


*  If the successor owner or joint annuitant is no longer the spouse at the time
   of death, other rules may apply. See "Your beneficiary and pay ment of death
   benefit" later in this section.

B. IF DEATH OCCURS AFTER ISSUANCE OF THE SUPPLEMENTARY LIFE ANNUITY CONTRACT

As discussed under "Effect of your account value falling to zero" in "Contract
features and benefits" earlier in this Prospectus, we will issue a supplementary
life annuity contract if your account value falls to zero either due to a
withdrawal or surrender that is not an Excess withdrawal or due to a deduction
of charges. We will continue guaranteed payments; the owner of the AXA Equitable
Retirement Income for Life(SM) contract becomes the owner and annuitant; and any
successor owner becomes a joint annuitant. When the owner/annuitant (or if there
are joint annuitants, the surviving annuitant) dies, all payments stop, and any
remaining death benefit will be paid.


- ------------------------------------------------------------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM) Life Annuity -- Single life:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                              
IF THE DECEASED
IS THE                  AND                       AND                  THEN
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner/                                                        The remaining death benefit, if any, will be paid to the ben-
Annuitant                                                              eficiary in a lump sum and the contract ends.
- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant               Owner is non-natural                           The remaining death benefit, if any, will be paid to the ben-
                                                                       eficiary in a lump sum and the contract ends.
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM) Life Annuity -- Joint life:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                              
IF THE DECEASED
IS THE                  AND                       AND                  THEN
- ------------------------------------------------------------------------------------------------------------------------------------
Contract Owner/         The joint annuitant is                          o  The joint annuitant becomes the sole owner. Payments
Annuitant               living                                             continue to the joint annuitant until his/her death.

                                                                        o  If the joint annuitant dies, the remaining death benefit,
                                                                           if any, will be paid to the beneficiary in a lump sum and
                                                                           the contract ends.
- ------------------------------------------------------------------------------------------------------------------------------------
Joint Annuitant         The owner/annuitant is                          o  The contract continues with payments made to the
                        living                                             owner/annuitant.

                                                                        o  If the owner/annuitant dies, the remaining death benefit,
                                                                           if any, will be paid to the beneficiary in a lump sum and
                                                                           the contract ends.
- ------------------------------------------------------------------------------------------------------------------------------------

                                                              Effect of death 37




- ------------------------------------------------------------------------------------------------------------------------------------
AXA Equitable Retirement Income for Life(SM) Life Annuity -- Joint life:
- ------------------------------------------------------------------------------------------------------------------------------------
                                                               
Annuitant       Owner is non-natural   Joint annuitant is living        o  The joint annuitant becomes the sole annuitant and pay-
                                                                           ments continue to the non-natural owner until the
                                                                           surviving joint annuitant's death.

                                                                        o  If the joint annuitant dies, the remaining death benefit,
                                                                           if any, will be paid to the beneficiary in a lump sum and
                                                                           the contract ends.
- ------------------------------------------------------------------------------------------------------------------------------------


C. IF YOU HAVE ELECTED AN ANNUITIZATION OPTION AND DEATH OCCURS ON OR AFTER THE
   ANNUITY COMMENCEMENT DATE:


o  The terms of the elected annuitization option supplementary contract will be
   followed.


38  Effect of death



YOUR BENEFICIARY AND PAYMENT OF DEATH BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective on the date the
written request for the change is received in our processing office. We are not
responsible for any beneficiary change request that we do not receive. We will
send you a written confirmation when we receive your request.

Where an IRA contract is owned in a custodial individual retirement account, the
custodian must be the beneficiary so that the custodian can reinvest or
distribute the death benefit as the beneficiary of the account desires.

For Joint life contracts, the death benefit is payable upon the second owner's
(or second joint annuitant's) death.


The death benefit is equal to your account value or, if greater, the Guaranteed
minimum death benefit. We determine the amount of the applicable death benefit
as of the date we receive satisfactory proof of the owner's, successor owner's,
annuitant's and/or joint annuitant's death (as applicable), any required
instructions for the method of payment, forms necessary to effect payment and
any other information we may require. See the chart above in this section for
more information.


We will pay the death benefit to the beneficiary in the form of the
annuitization option you have chosen. If you have not chosen an annuitization
option as of the time the death benefit becomes payable, the beneficiary will
receive the death benefit in a single sum. Payment of the death benefit in a
single sum terminates all rights and any applicable guarantees under the
contract, including the AXA Equitable Retirement Income for Life(SM) benefit.
Subject to any exceptions in the contract, our rules and any applicable
requirements under federal income tax rules, the beneficiary may elect to apply
the death benefit to one or more annuitization options we offer at the time. See
"Your annuitization options" in "Accessing your money" earlier in this
Prospectus. Please note that any annuitization option chosen may not extend
beyond the life expectancy of the beneficiary. The Beneficiary continuation
option may also be available.

Federal income tax rules generally require payment of amounts under a
non-qualified (NQ) annuity contract upon the death of the owner. If the owner's
surviving spouse is the individual designated to receive any such payments, no
payments are required to be made until after the surviving spouse's death. See
discussion of "Successor owner and annuitant" below. If the person designated to
receive payments under the contract upon the owner's death is not the surviving
spouse, then the federal income tax rules generally require payments of amounts
under the contract to be made within five years of the owner's death. A five
year delay is unavailable unless the beneficiary elects the Beneficiary
continuation option. In certain cases, an individual beneficiary may opt to
receive payments over his/her life (or over a period not in excess of his/her
life expectancy) if payments commence within one year of the owner's death. See
discussion of the "Beneficiary continuation option" below.

SPOUSAL CONTINUATION

If you are the contract owner under a Single life contract and your spouse is
the sole primary beneficiary, your spouse may elect to continue the contract as
successor owner upon your death. Spousal beneficiaries who are not also the
Joint life must be 85 or younger as of the date of the deceased spouse's death
in order to continue the contract under Spousal continuation. If you and your
spouse jointly own the contract (Joint life contract) and your spouse survives
you, the contract will automatically continue upon your death.

For Single life contracts, the spouse beneficiary may elect to receive the death
benefit or continue the contract, as follows:

o  As of the date we receive satisfactory proof of your death, any required
   instructions, information and forms necessary, we will increase the account
   value to equal your Guaranteed minimum death benefit as of the date of your
   death if such death benefit is greater than such account value. The increase
   in the account value will be allocated to the investment options according to
   the allocation percentages we have on file for your contract.

o  Withdrawal charges will no longer apply to contributions made before your
   death. No additional contributions will be permitted.

o  The Guaranteed minimum death benefit will continue, as follows:

o  if you elected the Standard death benefit it will continue

o  if you elected the Annual Ratchet to age 85 death benefit, and your spouse is
   age 75 or younger, the death benefit and charge will continue based on your
   spouse's age. If your spouse is 76 or older, we will discontinue the death
   benefit and charge; however, we will freeze the benefit base as of the date
   of your death (less the dollar amount of any subsequent withdrawals), and pay
   it upon your spouse's death.

o  The AXA Equitable Retirement Income for Life(SM) benefit and its charge will
   terminate.

For Joint life contracts:

o  No death benefit is payable until the death of the surviving spouse. Your
   guaranteed minimum death benefit (and charge, if applicable) continues.

o  if you elected the Annual Ratchet to age 85 death benefit, the benefit base
   will continue to ratchet based on the surviving spouse's age 85.

o  Withdrawal charges will continue to apply to all contributions made prior to
   the deceased spouse's death. The right to make additional contributions under
   the contract is not affected by your death.

o  The AXA Equitable Retirement Income for Life(SM) benefit and its charge will
   remain in effect.

For both Single life and Joint life contracts, if the deceased spouse was the
annuitant, the surviving spouse becomes the annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract, and
at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

For NQ contracts, if there is a change in owner or primary beneficiary, the
Spousal continuation option will be terminated. However, if own-

                                                             Effect of death  39



ership is changed from a non-natural Owner to an individual, the AXA Equitable
Retirement Income for Life Benefit will not terminate and the benefit will
continue to be determined by the Annuitant. If you divorce, Spousal continuation
does not apply.

Where an IRA contract is owned in a custodial individual retirement account, and
your spouse is the sole beneficiary of the account, the custodian may request
that the spouse be substituted as annuitant after your death.

BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name and receive
distributions under the contract, instead of receiving the death benefit in a
single sum. If the designated individual exercises this option, the AXA
Equitable Retirement Income for Life(SM) benefit terminates, and the charge is
discontinued. This feature is not available after a supplementary contract has
been issued. Under a Joint life contract (not available as a QP or TSA
contract), this feature is only available after the death of both the owner and
the successor owner. We make this option available to beneficiaries under
traditional IRA, Roth IRA and NQ contracts.

Where an IRA contract is owned in a custodial individual retirement account, the
custodian may reinvest the death benefit in an individual retirement annuity
contract, using the account beneficiary as the annuitant. Please speak with your
financial professional for further information.

BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS ONLY.
The beneficiary continuation option must be elected by September 30th of the
year following the calendar year of your death and before any other inconsistent
election is made. Beneficiaries who do not make a timely election will not be
eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later than
December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under Roth
IRA contracts. If the beneficiary chooses this option, the beneficiary may take
withdrawals as desired, but the entire account value must be fully withdrawn by
December 31st of the calendar year which contains the fifth anniversary of your
death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the Beneficiary
   continuation option feature, we will increase the account value to equal the
   applicable death benefit if such death benefit is greater than such account
   value.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  The AXA Equitable Retirement Income for Life(SM) benefit will no longer be in
   effect and charges for the benefit will stop. Also, the Guaranteed minimum
   death benefit feature will no longer be in effect.

o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum distributions based on
   the remaining life expectancy of the deceased beneficiary or to receive any
   remaining interest in the contract in a lump sum. The option elected will be
   processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, must be elected within nine months following the date of
your death and before any other inconsistent election is made. Beneficiaries who
do not make a timely election will not be eligible for this option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life expectancy.
If the beneficiary chooses the 5-year rule, there will be no scheduled payments.
Under the 5-year rule, the beneficiary may take withdrawals as desired, but the
entire account value must be fully withdrawn by the fifth anniversary of your
death.

Under the beneficiary continuation option for NQ contracts (regardless of
whether the owner and annuitant are the same person):

40  Effect of death



o  This feature is only available if the beneficiary is an individual. It is not
   available for any entity such as a trust, even if all of the beneficiaries of
   the trust are individuals.

o  The contract continues in your name for the benefit of your beneficiary.

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the Beneficiary
   continuation option feature, we will increase the annuity account value to
   equal the applicable death benefit if such death benefit is greater than such
   account value.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the respective
   beneficiary's own life expectancy, if scheduled payments are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  The AXA Equitable Retirement Income for Life(SM) benefit will no longer be in
   effect and the charge for the benefit will stop. Also, the Guaranteed minimum
   death benefit feature will no longer be in effect.

o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawals must be at least $300.

o  If the beneficiary chooses the "5-year rule," withdrawals may be made at any
   time. If the beneficiary instead chooses scheduled payments, the beneficiary
   must also choose between two potential withdrawal options at the time of
   election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
   cannot later withdraw funds in addition to the scheduled payments the
   beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
   "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
   addition to scheduled payments, at any time. However, the scheduled payments
   under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
   payments." See "Taxation of nonqualified annuities" in "Tax Information"
   later in this Prospectus.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract on the beneficiary's death.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking scheduled payments based on the
   remaining life expectancy of the deceased beneficiary (if scheduled payments
   were chosen) or to receive any remaining interest in the contract in a lump
   sum. We will pay any remaining interest in the contract in a lump sum if your
   beneficiary elects the 5-year rule. The option elected will be processed when
   we receive satisfactory proof of death, any required instructions for the
   method of payment and any required information and forms necessary to effect
   payment.

If the owner and annuitant are not the same person:

o  The beneficiary automatically becomes the new annuitant of the contract,
   replacing the existing annuitant.

                                                             Effect of death  41



7.  Tax information

- --------------------------------------------------------------------------------
OVERVIEW
In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to AXA Equitable Retirement Income for Life(SM) contracts
owned by United States individual taxpayers. The tax rules can differ, depending
on the type of contract, whether NQ, traditional IRA, Roth IRA, QP or TSA.
Therefore, we discuss the tax aspects of each type of contract separately.


Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change without
notice. We cannot predict whether, when, or how these rules could change. Any
change could affect contracts purchased before the change. Congress may also
consider proposals in the future to comprehensively reform or overhaul the
United States tax and retirement systems, which if enacted, could affect the tax
benefits of a contract. We cannot predict what, if any, legislation will
actually be proposed or enacted.


We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state income
and other state taxes, federal income tax and withholding rules for non-U.S.
taxpayers, or federal gift and estate taxes. Transfers of the contract, rights
or values under the contract, or payments under the contract, for example,
amounts due to beneficiaries, may be subject to federal or state gift, estate,
or inheritance taxes. You should not rely only on this document, but should
consult your tax adviser before your purchase.

BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT

Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs") and Code Section 403(b) Arrangements
("TSAs"), respectively: an IRA or 403(b) annuity contract such as this one, or
an IRA or 403(b)(7) custodial or other qualified account. Annuity contracts can
also be purchased in connection with retirement plans qualified under Code
Section 401 ("QP contracts"). How these arrangements work, including special
rules applicable to each, are described in the specific sections for each type
of arrangement, below. You should be aware that the funding vehicle for a
qualified arrangement does not provide any tax deferral benefit beyond that
already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as the death benefit, the AXA Equitable Retirement
Income for Life(SM) benefit, its selection of variable investment options, and
its choices of annuitization options, as well as the features and benefits of
other permissible funding vehicles and the relative costs of annuities and other
arrangements. You should be aware that cost may vary depending on the features
and benefits made available and the charges and expenses of the variable
investment options that you elect.

Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans, TSAs and IRAs. You should consider
the potential implication of these Regulations before you purchase this annuity
contract. See also Appendix I at the end of this Prospectus for a discussion of
QP contracts.

TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.

TAXATION OF PAYMENTS FROM NQ CONTRACTS

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract. However, earnings are taxable, even without a
distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust, or other non-natural person).

This provision does not apply to a trust which is a mere agent or nominee for an
individual, such as a grantor trust. This provision does not apply to a trust
which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.

TAXATION OF LIFETIME WITHDRAWALS

We treat Guaranteed annual payments and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are

42  Tax information



taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the contract.
Generally, your investment in the contract equals the contributions you made,
less any amounts you previously withdrew that were not taxable. If you withdraw
an amount which is more than the earnings in the contract as of the date of the
withdrawal, the balance of the distribution is treated as a return of your
investment in the contract and is not taxable. It reduces the investment in the
contract.

ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under "AXA
Equitable Retirement Income for Life(SM) benefit" in "Contract features and
benefits" earlier in this Prospectus, as well as annuitization payments that are
based on the annuitant's life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the contract.


For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your unrecovered investment in the contract by the total amount
you are expected to receive out of the contract, and (2) multiplying the result
by the amount of the payment.


Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any unrecovered
investment in the contract.

CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  the contract that is the source of the funds you are using to purchase the NQ
   contract is another nonqualified deferred annuity contract or life insurance
   or endowment contract.

o  the owner and the annuitant are the same under the source contract and the
   AXA Equitable Retirement Income for Life(SM) NQ contract. If you are using a
   life insurance or endowment contract the owner and the insured must be the
   same on both sides of the exchange transaction.


Section 1035 exchanges are generally not available after the death of the owner
(or the annuitant in a non-natural owner contract).


If you have a jointly owned contract which is a source contract, you must
designate one spouse as owner and the other spouse as the successor owner of the
AXA Equitable Retirement Income for Life(SM) contract.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the AXA Equitable Retirement Income for Life(SM)
NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required to
process this type of an exchange.

SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as ordinary
income (not capital gain) to the extent it exceeds your investment in the
contract. A surrender will terminate or alter the AXA Equitable Retirement
Income for Life(SM) benefit.

DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH

For the rules applicable to death benefits, see "Effect of death" earlier in
this Prospectus. The tax treatment of a death benefit taken as a single sum is
generally the same as the tax treatment of a withdrawal from or surrender of
your contract. The tax treatment of a death benefit taken as annuity payments is
generally the same as the tax treatment of annuity payments under your contract.

BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under a different NQ contract for a
beneficiary continuation option for NQ contracts. See the discussion
"Beneficiary continuation option for NQ Contracts only" in "Effect of death"
earlier in this Prospectus. Among other things, the IRS rules that:

o  scheduled payments under a beneficiary continuation option for NQ contracts
   satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
   of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
   2";

o  scheduled payments, any additional withdrawals under "Withdrawal Option 2",
   or contract surrenders under "Withdrawal Option 1" will only be taxable to
   the beneficiary when amounts are actually paid, regardless of the "Withdrawal
   Option" selected by the beneficiary;

o  a beneficiary who irrevocably elects scheduled payments with "Withdrawal
   Option 1" will receive "excludable amount" tax treatment on scheduled
   payments. See "Annuity payments" earlier in this section. If the beneficiary
   elects to surrender the contract before all scheduled payments are paid, the
   amount received upon surrender is a non-annuity payment taxable to the extent
   it exceeds any remaining investment in the contract.


The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).


The tax treatment of a withdrawal after the death of the owner taken as a single
sum or taken as withdrawals under the 5-year rule is generally the same as the
tax treatment of a withdrawal from or surrender of your contract.

EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2, a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the

                                                             Tax information  43



income tax. Some of the available exceptions to the pre-age 59-1/2 penalty tax
include distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas. We do not anticipate that
   Guaranteed annual payments made under the AXA Equitable Retirement Income for
   Life(SM) benefit's Maximum or Customized payment plan or taken as lump sums
   will qualify for this exception if made before age 59-1/2.

INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as the
owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying portfolios
are restricted to variable life and annuity assets. The variable annuity owners
must have the right only to choose among the portfolios, and must have no right
to direct the particular investment decisions within the portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, the IRS could reverse its
current guidance at any time. We reserve the right to modify your contract as
necessary to prevent you from being treated as the owner of the assets of
Separate Account 49.

SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from NQ
contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for U.S.
tax paid. Depending on your personal situation and the timing of the different
tax liabilities, you may not be able to take full advantage of this credit.

INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)

GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types of
such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds the
assets funding the account for the benefit of the IRA owner. The assets
typically include mutual funds and/or individual stocks and securities in a
custodial account, and bank certificates of deposit in a trusteed account. In an
individual retirement annuity, an insurance company issues an annuity contract
that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required to
combine IRA values or contributions for tax purposes. For further information
about individual retirement arrangements, you can read Internal Revenue Service
Publication 590 ("Individual Retirement Arrangements (IRAs)"). This publication
is usually updated annually, and can be obtained from any IRS district office or
the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA or Roth IRA, in both cases, Rollover only.
This Prospectus contains the information that the IRS requires you to have
before you purchase an IRA. The first section covers some of the special tax
rules that apply to traditional IRAs. The next section covers Roth IRAs. The
disclosure generally assumes direct ownership of the individual retirement
annuity contract. For contracts owned in a custodial individual retirement
account, the disclosure will apply only if you terminate your account or
transfer ownership of the contract to yourself.

We have not applied for an opinion letter from the IRS approving the forms of
the AXA Equitable Retirement Income for Life(SM) contract as a traditional or
Roth IRA, respectively. Such IRS approval is a determination only as to the form
of the annuity and does not represent a determination of the merits of the
annuity as an investment.

We describe the amount and types of charges that may apply to your
rollover/transfer payments under "Charges and expenses" earlier in this
Prospectus. We describe the method of calculating payments under "Accessing your
money" earlier in this Prospectus. We do not guarantee or project growth in your
variable income annuitization option payments (as opposed to payments from the
fixed income annuitization option).

Your right to cancel within a certain number of days

You can cancel any version of the AXA Equitable Retirement Income for Life(SM)
IRA contract (traditional IRA or Roth IRA) by following the directions in "Your
right to cancel with a certain number of days" under "Contract features and
benefits" earlier in this Prospectus. If you cancel a traditional IRA or Roth
IRA contract, we may have to withhold

44  Tax information



tax, and we must report the transaction to the IRS. A contract cancellation
could have an unfavorable tax impact.


Traditional individual retirement annuities (traditional IRAs) Funding.
Individuals may generally make three different types of contributions to
purchase a traditional IRA or as subsequent contributions to an existing IRA:



o  "regular" contributions out of earned income or compensation; or

o  tax-free "rollover" contributions; or

o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers").

This AXA Equitable Retirement Income for Life(SM) IRA contract may be funded
through rollover or transfer of funds only and not through "regular" IRA
contributions out of your current earnings. Direct transfers may be made only
from another traditional individual retirement arrangement. Amounts may be
rolled over from another individual retirement arrangement within 60 days of
when you receive the funds (unless such funds have already been subject to
rollover from one individual retirement arrangement to another at any time
during the past 12-month period). Amounts may also be rolled over within 60 days
of when you receive the funds or as a direct rollover of an eligible rollover
distribution from another eligible retirement plan. Other eligible retirement
plans include a governmental employer 457(b) or EDC plan, a qualified plan or a
403(b) arrangement. The owner of the AXA Equitable Retirement Income for
Life(SM) IRA contract must also have been the owner of the individual retirement
arrangement that is the source of funds (or the eligible retirement plan
participant, as the case may be).


The surviving spouse beneficiary can roll over funds from a deceased owner's
individual retirement arrangement, or other eligible retirement plan to purchase
the AXA Equitable Retirement Income for Life(SM) IRA contract. In addition, the
AXA Equitable Retirement Income for Life(SM) IRA contract may be purchased with
rollover funds by a participant, a spouse, or a former spouse in a qualified
domestic relations order. We do not offer this contract to non-spousal
beneficiaries of eligible retirement plans. Also, the AXA Equitable Retirement
Income for Life(SM) IRA contract can be transferred between spouses or former
spouses as a result of a court-ordered divorce or separation decree.


Such a transfer may terminate or alter the AXA Equitable Retirement Income for
Life(SM) benefit.

Beginning in 2007, a non-spousal death beneficiary may also be able to make
rollover contributions to an individual retirement plan under certain
circumstances.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custo dial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o  Do it yourself:
   You actually receive a distribution that can be rolled over and you roll it
   over to a traditional IRA within 60 days after the date you receive the
   funds. The distribution from your eligible retirement plan will be net of 20%
   mandatory federal income tax withholding. If you want, you can replace the
   withheld funds yourself and roll over the full amount.

o  Direct rollover:
   You tell the trustee or custodian of the eligible retirement plan to send the
   distribution directly to your traditional IRA issuer. Direct rollovers are
   not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o  "required minimum distributions" after age 70-1/2 or retirement from service
   with the employer; or

o  substantially equal periodic payments made at least annually for your life
   (or life expectancy) or the joint lives (or joint life expectancies) of you
   and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  death benefit payments to a beneficiary who is not your surviving spouse; or

o  qualified domestic relations order distributions to a beneficiary who is not
   your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b)

                                                             Tax information  45



plan are not subject to the additional 10% federal income tax penalty for
premature distributions, but they may become subject to this penalty if you roll
the funds to a different type of eligible retirement plan, such as a traditional
IRA, and subsequently take a premature distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.


Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently than
once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS

The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement plan
under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result of
a court-ordered divorce or separation decree.

Excess contributions

If amounts that are not eligible to be rolled over are in fact rolled over to
the AXA Equitable Retirement Income for Life(SM) IRA contract, they may be
subject to a 6% excise tax, unless withdrawn as described in IRS Publication
590.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA (it
does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the end
of any year in which you have received a distribution from any traditional IRA,
you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus all
traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o  the amount received is a withdrawal of excess contributions, as described
   under "Excess contributions" earlier in this section; or

o  the entire amount received is rolled over to another traditional IRA or other
   eligible retirement plan which agrees to accept the funds. (See "Rollovers
   from eligible retirement plans other than traditional IRAs" under "Rollover
   and transfer contributions to traditional IRAs" earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b) plan.
After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover. A rollover will terminate or alter the AXA Equitable
Retirement Income for Life(SM) benefit.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax adviser.

46  Tax information




Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


Required minimum distributions

Background on Regulations--Required Minimum Distributions. Distributions must be
made from traditional IRAs according to rules contained in the Code and Treasury
Regulations. Beginning in 2006, certain provisions of the Treasury Regulations
require that the actuarial present value of additional annuity contract benefits
must be added to the dollar amount credited for purposes of calculating certain
types of required minimum distributions from individual retirement annuity
contracts. For this purpose additional annuity contract benefits may include,
but are not limited to, guaranteed withdrawal benefits. This could increase the
amount required to be distributed from these contracts if you take annual
withdrawals instead of annuitizing. Please consult your tax adviser concerning
applicability of these complex rules to your situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your Required Beginning Date, which
is April 1st of the calendar year after the calendar year in which you turn age
70-1/2. If you choose to delay taking the first annual minimum distribution,
then you will have to take two minimum distributions in that year -- the delayed
one for the first year and the one actually for that year. Once minimum
distributions begin, they must be made each year.

How you can calculate required minimum distributions. There are two approaches
to taking required minimum distributions -- "account-based" or "annuity-based."

ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by a
number corresponding to your age from an IRS table. This gives you the required
minimum distribution amount for that particular IRA for that year. If your
spouse is your sole beneficiary and more than 10 years younger than you, the
dividing number you use may be from another IRS table and may produce a smaller
lifetime required minimum distribution amount. Regardless of the table used, the
required minimum distribution amount will vary each year as the account value,
the actuarial present value of additional annuity contract benefits, if
applicable, and the divisor change. If you initially choose an account-based
method, you may later apply your traditional IRA funds to a life annuity-based
payout with any certain period not exceeding remaining life expectancy,
determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a period
certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional IRAs
and other retirement plans. For example, you can choose an annuity payout from
one IRA, a different annuity payout from a qualified plan and an account-based
annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuitization option or an account-based withdrawal option such as our
"automatic required minimum distribution (RMD) service." If you elect our
Automatic RMD service, any RMD payment we make to you on December 1st will not
be treated as an Excess withdrawal as described earlier in this Prospectus under
"Lifetime required minimum distribution withdrawals" in "Accessing your money."
Even if you do not enroll in our service we will calculate the amount of the
required minimum distribution withdrawal for you, if you so request in writing.
However, in that case you will be responsible for asking us to pay the required
minimum distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount, you
may choose to take your annual required minimum distribution from any one or
more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method with
us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

                                                             Tax information  47



Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owners death. No distribution is required before that
fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of choices.
Post-death distributions may be made over your spouse's single life expectancy.
Any amounts distributed after that surviving spouse's death are made over the
spouse's life expectancy calculated in the year of his/her death, reduced by one
for each subsequent year. In some circumstances, your surviving spouse may elect
to become the owner of the traditional IRA and halt distributions until he or
she reaches age 70-1/2, or roll over amounts from your traditional IRA into
his/her own traditional IRA or other eligible retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained age
70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules permit
the beneficiary to calculate post-death required minimum distribution amounts
based on the owner's life expectancy in the year of death. However, note that we
need an individual annuitant to keep an annuity contract in force. If the
beneficiary is not an individual, we must distribute amounts remaining in the
annuity contract after the death of the annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of the
annuitant.

Successor owner and annuitant

If your spouse is either the successor owner or the sole primary beneficiary who
elects to become the successor owner and annuitant, no death benefit is payable
until your surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA as
collateral for a loan or other obligation. If you borrow against your IRA or use
it as collateral, its tax-favored status will be lost as of the first day of the
tax year in which this prohibited event occurs. If this happens, you must
include the value of the traditional IRA in your federal gross income. Also, the
early distribution penalty tax of 10% may apply if you have not reached age
59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include
distributions:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  used to pay certain extraordinary medical expenses (special fed eral income
   tax definition); or

o  used to pay medical insurance premiums for unemployed indi viduals (special
   federal income tax definition); or

o  used to pay certain first-time home buyer expenses (special fed eral income
   tax definition; $10,000 lifetime total limit for these distributions from all
   your traditional and Roth IRAs); or

o  used to pay certain higher education expenses (special federal income tax
   definition); or

o  in the form of substantially equal periodic payments made at least annually
   over your life (or your life expectancy) or over the joint lives of you and
   your beneficiary (or your joint life expectancies) using an IRS-approved
   distribution method. We do not anticipate that Guaranteed annual payments
   made under the AXA Equitable Retirement Income for Life(SM) benefit's Maximum
   or Customized payment plan or taken as lump sums will qualify for this
   exception if made before age 59-1/2.

Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The AXA Equitable Retirement Income for Life(SM) Roth IRA contract is designed
to qualify as a Roth individual retirement annuity under Sections 408A(b) and
408(b) of the Internal Revenue Code.

Contributions to Roth IRAs

Individuals may generally make four different types of contributions to a Roth
IRA:

o  regular after-tax contributions out of earnings; or

o  taxable rollover contributions from traditional IRAs ("conversion"
   contributions); or

48  Tax information



o  tax-free rollover contributions from other Roth arrangements; or

o  tax-free direct custodian-to-custodian transfers from other Roth IRAs
   ("direct transfers").

This AXA Equitable Retirement Income for Life(SM) Roth IRA contract may be
funded through rollover or transfer of funds only and not through "regular" IRA
after-tax contributions. If you use the forms we require, we will also accept
traditional after-tax IRA funds which are subsequently recharacterized as Roth
IRA funds following special federal income tax rules.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian, trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o  another Roth IRA ("tax-free rollover contribution");

o  from a "designated Roth contribution account" under a 401(k) plan or a 403(b)
   arrangement;

o  another traditional IRA, including a SEP-IRA or SIMPLE IRA (after a two-year
   rollover limitation period for SIMPLE IRA funds), in a taxable conversion
   rollover ("conversion contribution");

o  you may not make contributions to a Roth IRA from a qualified plan under
   section 401(a) of the Internal Revenue Code, a TSA under section 403(b) of
   the Internal Revenue Code or any other eligible retirement plan until 2008.
   You may make rollover contributions from a "designated Roth contribution
   account" under a 401(k) plan or a 403(b) arrangement which permits designated
   Roth elective deferral contributions to be made, beginning in 2006.

You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover transactions
only once in any 12-month period for the same funds. Trustee-to-trustee or
custodian-to-custodian direct transfers can be made more frequently than once a
year. Also, if you send us the rollover contribution to apply it to a Roth IRA,
you must do so within 60 days after you receive the proceeds from the original
IRA to get rollover treatment.


The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree. This
may terminate or alter the AXA Equitable Retirement Income for Life(SM) benefit.


Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is generally
fully taxable. For this reason, we are required to withhold 10% federal income
tax from the amount converted unless you elect out of such withholding. If you
have ever made nondeductible regular contributions to any traditional IRA --
whether or not it is the traditional IRA you are converting -- a pro rata
portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.


The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
computed without the gross income stemming from the traditional IRA conversion.
Modified adjusted gross income for this purpose will also exclude any lifetime
required minimum distribution from a traditional IRA.) You also cannot make
conversion contributions to a Roth IRA for any taxable year in which your
federal income tax filing status is "married filing separately."


You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you reconvert
during either of these periods, it will be a failed Roth IRA conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as includible
in certain circumstances.

                                                             Tax information  49



Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must have
the contribution transferred from the first IRA (the one to which it was made)
to the second IRA in a deemed trustee-to-trustee transfer. If the transfer is
made by the due date (including extensions) for your tax return for the year
during which the contribution was made, you can elect to treat the contribution
as having been originally made to the second IRA instead of to the first IRA. It
will be treated as having been made to the second IRA on the same date that it
was actually made to the first IRA. You must report the recharacterization and
must treat the contribution as having been made to the second IRA, instead of
the first IRA, on your tax return for the year during which the contribution was
made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net income
transferred with the recharacterized contribution is treated as earned in the
second IRA. The contribution will not be treated as having been made to the
second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated as
a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your contract
and annuity payments from your contract. Death benefits are also distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled to
the special favorable ten-year averaging and long-term capital gain treatment
available in limited cases to certain distributions from qualified plans.

The following distributions from Roth IRAs are free of income tax:

o  Rollovers from a Roth IRA to another Roth IRA;

o  Direct transfers from a Roth IRA to another Roth IRA;

o  Qualified distributions from a Roth IRA; and

o  Return of excess contributions or amounts recharacterized to a traditional
   IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o  you are age 59-1/2; or older or

o  you die; or

o  you become disabled (special federal income tax definition); or

o  your distribution is a "qualified first-time homebuyer distribution" (special
   federal income tax definition; $10,000 lifetime total limit for these
   distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or not
the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1)   Regular contributions.

(2)   Conversion contributions, on a first-in-first-out basis (generally, total
      conversions from the earliest year first). These conversion contributions
      are taken into account as follows:

      (a)   Taxable portion (the amount required to be included in gross income
            because of conversion) first, and then the

      (b)   Nontaxable portion.

(3)   Earnings on contributions.

50  Tax information



Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions are
aggregated or grouped and added together as follows:

(1)   All distributions made during the year from all Roth IRAs you maintain --
      with any custodian or issuer -- are added together.

(2)   All regular contributions made during and for the year (contribu tions
      made after the close of the year, but before the due date of your return)
      are added together. This total is added to the total undistributed regular
      contributions made in prior years.


(3)   All conversion contributions made during the year are added together. For
      purposes of the ordering rules, in the case of any conversion in which the
      conversion distribution is made in 2007 and the conversion contribution is
      made in 2008, the conversion contribution is treated as contributed prior
      to other conversion contributions made in 2008.


Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution would
have been taken into account if it had been made directly to the Roth IRA.


Any recharacterized contribution that ends up in an IRA other than a Roth IRA is
disregarded for the purpose of grouping both contributions and distributions.
Any amount withdrawn to correct an excess contribution (including the earnings
withdrawn) is also disregarded for this purpose.


Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the due
date (including extensions) for filing your federal income tax return for the
tax year. If you do this, you must also withdraw or recharacterize any earnings
attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.

TAX-SHELTERED ANNUITY CONTRACTS (TSAS)

General

This section of the Prospectus covers some of the special tax rules that apply
to TSA contracts under Section 403(b) of the Internal Revenue Code (TSAs). If
the rules are the same as those that apply to another kind of contract, for
example, traditional IRAs, we will refer you to the same topic under
"traditional IRAs."

PLEASE NOTE: The following discussion reflects our understanding of some of the
current federal income tax rules applicable to Section 403(b) of the Code. In
November 2004, the IRS and Treasury issued Proposed Regulations on Section
403(b) of the Code. If finalized in their current form, these Proposed
Regulations would affect the establishment and operation of plans and
arrangements under Section 403(b) of the Code, and the contracts issued to fund
such plans. Please consult your tax adviser concerning how these Proposed
Regulations could affect you.

Generally, there are two types of funding vehicles available for 403(b)
arrangements -- an annuity contract under Section 403(b)(1) of the Internal
Revenue Code or a custodial account that invests only in mutual funds and which
is treated as an annuity contract under Section 403(b)(7) of the Code. Both
types of 403(b) arrangements qualify for tax deferral.

Contributions to TSAs

There are two ways you can make contributions to establish this AXA Equitable
Retirement Income for Life(SM) Rollover TSA contract:

o  a full or partial direct transfer of assets ("direct transfer") from another
   contract or arrangement that meets the requirements of Section 403(b) of the
   Internal Revenue Code by means of IRS Revenue Ruling 90-24; or

o  a rollover from another 403(b) arrangement.

If you make a direct transfer, you must fill out our transfer form.

We do not accept after-tax funds in the Rollover TSA. We do not accept
"designated Roth contributions" rolled over from a 401(k) plan or a 403(b)
arrangement or directly transferred from another 403(b) arrangement.

Employer-remitted contributions. The AXA Equitable Retirement Income for
Life(SM) Rollover TSA contract does not accept employer-remitted contributions.
However, we provide the following discussion as part of our description of
restrictions on the distribution of funds directly transferred, which include
employer-remitted contributions to other TSAs.

Employer-remitted contributions to TSAs made through the employer's payroll are
subject to annual limits. (Tax-free direct transfer contributions from another
403(b) arrangement and rollover contributions from another eligible retirement
plan are not subject to these annual contribution limits.) Commonly, some or
all of the contributions made to a TSA are made under a salary reduction
agreement between the employee and the employer. These contributions are called
"salary reduction" or "elective deferral" contributions and are generally made
on a pre-tax basis. Beginning in 2006, if the employer's plan permits, an
employee may designate some or all of salary reduction contribu-

                                                             Tax information  51




tions as "designated Roth contributions" to the 403(b) arrangement which are
made on an after-tax basis. However, a TSA can also be wholly or partially
funded through nonelective employer contributions or other after-tax employee
contributions. Amounts attributable to salary reduction contributions to TSAs
are generally subject to withdrawal restrictions. Also, all amounts attributable
to investments in a 403(b)(7) custodial account are subject to withdrawal
restrictions discussed below.

Rollover or direct transfer contributions. Once you establish your Rollover TSA
contract with 403(b)-source funds, you may make subsequent rollover
contributions within the first contract year as described in "How you can
purchase and contribute to your contract" under "Contract features and benefits"
earlier in the Prospectus. These may be made to your Rollover TSA contract from
these sources: qualified plans, governmental employer 457(b) plans and
traditional IRAs, as well as other TSAs and 403(b) arrangements. All rollover
contributions must be pre-tax funds only with appropriate documentation
satisfactory to us.

Generally, you may make a rollover contribution to your TSA when you have a
distributable event from an existing TSA or other eligible retirement plan as a
result of your:

o  termination of employment with the employer who provided the funds for the
   plan; or

o  reaching age 59-1/2 even if you are still employed; or

o  disability (special federal income tax definition).

You can roll over pre-tax funds from a traditional IRA to a TSA at any time.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because the
funds will generally be subject to the rules of the recipient plan. For example,
funds in a governmental employer 457(b) plan are not subject to the additional
10% federal income tax penalty for premature distributions, but they may become
subject to this penalty if you roll the funds to a different type of eligible
retirement plan and subsequently take a premature distribution.

If the recipient plan separately accounts for funds rolled over from another
eligible retirement plan, the IRS has ruled that an exception is available in
certain situations to withdrawal restrictions that would otherwise apply to the
rollover contribution funds in the recipient plan. We do not currently
separately account for rollover contributions from other eligible retirement
plans.

A transfer occurs when changing the funding vehicle, even if there is no
distributable event. Under a direct transfer, you do not receive a distribution.
We accept direct transfers of TSA funds under Revenue Ruling 90-24 only if:

o  you give us acceptable written documentation as to the source of the funds,
   and

o  the AXA Equitable Retirement Income for Life(SM) Rollover TSA con tract
   receiving the funds has provisions at least as restrictive as the source
   contract.

Before you transfer funds to an AXA Equitable Retirement Income for Life(SM)
Rollover TSA contract, you may have to obtain your employer's authorization or
demonstrate that you do not need employer authorization. For example, the
transferring TSA may be subject to Title I of ERISA, if the employer makes
matching contributions to salary reduction contributions made by employees. In
that case, the employer must continue to approve distributions from the plan or
contract.

Your contribution to the AXA Equitable Retirement Income for Life(SM) Rollover
TSA contract must be net of the required minimum distribution for the tax year
in which we issue the contract if:

o  you are or will be at least age 70-1/2 in the current calendar year, and

o  you have retired from service with the employer who provided the funds to
   purchase the TSA you are transferring or rolling over to the AXA Equitable
   Retirement Income for Life(SM) Rollover TSA contract.

This rule applies regardless of whether the source of funds is a:

o  rollover by check of the proceeds from another TSA or eligible retirement
   plan; or

o  direct rollover from another TSA or eligible retirement plan; or

o  direct transfer under Revenue Ruling 90-24 from another TSA.

Distributions from TSAs

General. Depending on the terms of the employer plan and your employment status,
you may have to get your employer's consent to take a withdrawal. Your employer
will tell us this when you establish the TSA through a direct transfer. Because
of its income focus, this contract may not be appropriate for Rollover TSA if
the funds are subject to withdrawal restrictions.

Withdrawal restrictions. If this is a Revenue Ruling 90-24 direct transfer, we
will treat all amounts transferred to this contract and any future earnings on
the amount transferred as not eligible for withdrawal until one of the following
events happens:

o  you are severed from employment with the employer who pro vided the funds to
   purchase the TSA you are transferring to the AXA Equitable Retirement Income
   for Life(SM) Rollover TSA; or

o  you reach age 59-1/2; or

o  you die; or

o  you become disabled (special federal income tax definition); or

o  you take a hardship withdrawal (special federal income tax definition).

If any portion of the funds directly transferred to your TSA contract is
attributable to amounts that you invested in a 403(b)(7) custodial account, such
amounts, including earnings, are subject to withdrawal restrictions. With
respect to the portion of the funds that were never invested in a 403(b)(7)
custodial account, these restrictions apply to the salary reduction (elective
deferral) contributions to a TSA annuity contract you made and any earnings on
them. These restrictions do not apply to the amount directly transferred to your
TSA contract that represents your December 31, 1988, account balance
attributable to

52  Tax information



salary reduction contributions to a TSA annuity contract and earnings. To take
advantage of this grandfathering you must properly notify us in writing at our
processing office of your December 31, 1988, account balance if you have
qualifying amounts transferred to your TSA contract.

Tax treatment of distributions. Amounts held under TSAs are generally not
subject to federal income tax until benefits are distributed. Distributions
include withdrawals from your TSA contract and annuity payments from your TSA
contract. Death benefits paid to a beneficiary are also taxable distributions.
Unless an exception applies, amounts distributed from TSAs are includable in
gross income as ordinary income. Distributions from TSAs may be subject to 20%
federal income tax withholding. See "Federal and state income tax withholding
and information reporting" later in this section. In addition, TSA distributions
may be subject to additional tax penalties.


If you have made after-tax contributions, you will have a tax basis in your TSA
contract, which will be recovered tax-free. Since we currently do not accept
after-tax funds, we do not track your investment in the contract, if any. We
will report all distributions from this Rollover TSA as fully taxable. It is
your responsibility to determine how much of the distribution is taxable.


Distributions before annuity payments begin. On a total surrender, the amount
received in excess of the investment in the contract is taxable. The amount of
any partial distribution from a TSA prior to the annuity starting date is
generally taxable, except to the extent that the distribution is treated as a
withdrawal of after-tax contributions. Distributions are normally treated as pro
rata withdrawals of any after-tax contributions and earnings on those
contributions.

ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under "AXA
Equitable Retirement Income for Life(SM) benefit" in "Contract features and
benefits" earlier in this Prospectus, as well as annuitization payments that are
based on the annuitant's life or life expectancy, are considered annuity
payments for tax purposes. If you elect an annuitization option, you will
recover any investment in the contract as each payment is received by dividing
the investment in the contract by an expected return determined under an IRS
table prescribed for qualified annuities. The amount of each payment not
excluded from income under this exclusion ratio is fully taxable. The full
amount of the payments received after your investment in the contract is
recovered is fully taxable. If you (and your beneficiary under a joint and
survivor annuity) die before recovering the full investment in the contract, a
deduction is allowed on your (or your beneficiary's) final tax return.

Payments to a beneficiary after your death. Death benefit distributions from a
TSA generally receive the same tax treatment as distributions during your
lifetime. In some instances, distributions from a TSA made to your surviving
spouse may be rolled over to a traditional IRA or other eligible retirement
plan. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.


Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


Loans from TSAs. Loans from your AXA Equitable Retirement Income for Life(SM)
Rollover TSA contract are not permitted.

Tax-deferred rollovers and direct transfers. You may roll over an "eligible
rollover distribution" from a TSA into another eligible retirement plan which
agrees to accept the rollover. The rollover may be a direct rollover or one you
do yourself within 60 days after you receive the distribution. To the extent
rolled over, a distribution remains tax-deferred. This rollover or direct
transfer to another issuer will terminate or alter the AXA Equitable Retirement
Income for Life(SM) benefit.


You may roll over a distribution from a TSA to any of the following: a qualified
plan, a governmental employer 457(b) plan (separate accounting required) or a
traditional IRA. A spousal beneficiary may also roll over death benefits as
above. Beginning in 2007, a non-spousal death beneficiary may also be able to
make rollover contributions to an individual retirement plan under certain
circumstances.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.


The taxable portion of most distributions will be eligible for rollover, except
as specifically excluded under federal income tax rules. Distributions that you
cannot roll over generally include periodic payments for life or for a period of
10 years or more, hardship withdrawals and required minimum distributions under
federal income tax rules.

Direct transfers of TSA funds from one TSA to another under Revenue Ruling 90-24
are not distributions.

Required minimum distributions

Generally the same as traditional IRA with these differences:

When you have to take the first required minimum distribution. The minimum
distribution rules force TSA participants to start calculating and taking annual
distributions from their TSAs by a required date. Generally, you must take the
first required minimum distribution for the calendar year in which you turn age
70-1/2. You may be able to delay the start of required minimum distributions for
all or part of your account balance until after age 70-1/2, as follows:

o  For TSA participants who have not retired from service with the employer who
   provided the funds for the TSA by the calendar year the participant turns age
   70-1/2, the required beginning date for minimum distributions is extended to
   April 1 following the calendar year of retirement.

o  TSA plan participants may also delay the start of required mini mum
   distributions to age 75 of the portion of their account value attributable to
   their December 31, 1986, TSA account balance, even if retired at age 70-1/2.
   We will know whether or not you qualify for this exception because it will
   only apply to people who establish their AXA Equitable Retirement Income for
   Life(SM) Rollover TSA contract by direct Revenue Ruling 90-24 transfers. If
   you do not give us the amount of your December 31, 1986, account

                                                             Tax information  53



   balance that is being transferred to the AXA Equitable Retirement Income for
   Life(SM) Rollover TSA contract on the form used to establish the TSA, you do
   not qualify.

Spousal consent rules

This will only apply to you if you establish your AXA Equitable Retirement
Income for Life(SM) Rollover TSA contract by direct Revenue Ruling 90-24
transfer. Your employer will tell us on the form used to establish the TSA
contract whether or not you need to get spousal consent for withdrawals or other
distributions. If you do, you will need such consent if you are married when you
request a withdrawal under the TSA contract. In addition, unless you elect
otherwise with the written consent of your spouse, the retirement benefits
payable under the plan must be paid in the form of a qualified joint and
survivor annuity. A qualified joint and survivor annuity is payable for the life
of the annuitant with a survivor annuity for the life of the spouse in an amount
not less than one-half of the amount payable to the annuitant during his or her
lifetime. In addition, if you are married, the beneficiary must be your spouse,
unless your spouse consents in writing to the designation of another
beneficiary.

If you are married and you die before annuity payments have begun, payments will
be made to your surviving spouse in the form of a life annuity unless at the
time of your death a contrary election was in effect. However, your surviving
spouse may elect, before payments begin, to receive payments in any form
permitted under the terms of the TSA contract and the plan of the employer who
provided the funds for the TSA.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a TSA before you reach age 59-1/2. This is in addition to any
income tax. There are exceptions to the extra penalty tax. Some of the available
exceptions to the pre-age 59-1/2 penalty tax include distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  to pay for certain extraordinary medical expenses (special federal income tax
   definition); or

o  in any form of payout after you have separated from service (only if the
   separation occurs during or after the calendar year you reach age 55); or

o  in a payout in the form of substantially equal periodic payments made at
   least annually over your life (or your life expectancy), or over the joint
   lives of you and your beneficiary (or your joint life expectancies) using an
   IRS-approved distribution method (only after you have separated from service
   at any age). We do not anticipate that Guaranteed annual payments made under
   the AXA Equitable Retirement Income for Life(SM) benefit's Maximum or
   Customized payment plan or taken as lump sums will qualify for this exception
   if made before age 59-1/2.

FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable. The
rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this purpose.
You cannot elect out of withholding unless you provide us with your correct
Taxpayer Identification Number and a United States residence address. You cannot
elect out of withholding if we are sending the payment out of the United States.

You should note the following special situations:

o  We might have to withhold and/or report on amounts we pay under a free look
   or cancellation.

o  We are generally required to withhold on conversion rollovers of traditional
   IRAs to Roth IRAs, as it is considered a withdrawal from the traditional IRA
   and is taxable.

o  We are required to withhold on the gross amount of a distribu tion from a
   Roth IRA to the extent it is reasonable for us to believe that a distribution
   is includable in your gross income. This may result in tax being withheld
   even though the Roth IRA distribution is ultimately not taxable. You can
   elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States citizens
residing outside the United States. We do not discuss these rules here in
detail. However, we may require additional documentation in the case of payments
made to non-United States persons and United States persons living abroad prior
to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state or
any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity payments

We withhold differently on "periodic" and "non-periodic" payments. Periodic
annuity payments are made under a supplementary contract. For example, unless
you specify a different number of withholding exemptions, we withhold from a
periodic annuity payment assuming that you are married and claiming three
withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.

54  Tax information




Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective unless
and until you revoke it. You may revoke or change your withholding election at
any time.


Federal income tax withholding on non-periodic annuity payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal including
Guaranteed annual payments), we generally withhold at a flat 10% rate. We apply
that rate to the taxable amount in the case of nonqualified contracts, and to
the payment amount in the case of traditional IRAs and Roth IRAs, where it is
reasonable to assume an amount is includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan or TSA. If a non-periodic distribution from a
qualified plan or TSA is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from TSA and qualified plan distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans and TSAs are subject to mandatory 20%
withholding. The plan administrator is responsible for withholding from
qualified plan distributions. An eligible rollover distribution from a TSA or a
qualified plan can be rolled over to another eligible retirement plan. All
distributions from a TSA or qualified plan are eligible rollover distributions
unless they are on the following list of exceptions:

o  any distributions which are required minimum distributions after age 70-1/2
   or retirement from service with the employer; or

o  substantially equal periodic payments made at least annually for your life
   (or life expectancy) or the joint lives (or joint life expectancies) of you
   and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions that fit specified technical tax rules; or

o  a death benefit payment to a beneficiary who is not your surviv ing spouse;
   or

o  a qualified domestic relations order distribution to a beneficiary who is not
   your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.

SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix I at the end of this
Prospectus for more information.

IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.

                                                             Tax information  55



8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49
Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account No. 49 operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts are based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate Account
No. 49. Although Separate Account No. 49 is registered, the SEC does not monitor
the activity of Separate Account No. 49 on a daily basis. AXA Equitable is not
required to register, and is not registered, as an investment company under the
Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account invests
solely in class IB/B shares issued by the corresponding portfolio of its Trust.

We reserve the right subject to compliance with laws that apply:

(1)   to add variable investment options to, or to remove variable investment
      options from, either Separate Account, or to add other separate accounts;

(2)   to combine any two or more variable investment options;

(3)   to transfer the assets we determine to be the shares of the class of
      contracts to which the contracts belong from any variable investment
      option to another variable investment option;

(4)   to operate each Separate Account or any variable investment option as a
      management investment company under the Investment Company Act of 1940 (in
      which case, charges and expenses that otherwise would be assessed against
      an underlying mutual fund would be assessed against each Separate Account
      or a variable investment option directly);

(5)   to deregister the Separate Accounts under the Investment Company Act of
      1940;

(6)   to restrict or eliminate any voting rights as to the Separate Accounts;

(7)   to cause one or more variable investment options to invest some or all of
      their assets in one or more other trusts or investment companies; and

(8)   to unilaterally change your contract in order to comply with any
      applicable laws and regulations, including but not limited to changes in
      the Internal Revenue Code, in Treasury regulations or in published rulings
      of the Internal Revenue Service, ERISA and in Department of Labor
      regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.


ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish additional
portfolios or eliminate existing portfolios at any time. More detailed
information about each Trust, its portfolio investment objectives, policies,
restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects of its
operations, appears in the prospectus for each Trust, which accompanies this
Prospectus, or in the respective SAI, which are available upon request.


ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees, as well
as our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations of
all jurisdictions where we are authorized to do business. Interests under the
contracts in the general account have not been registered and are not required
to be registered under the Securities Act of 1933 because of exemptions and
exclusionary provisions that apply. The general account is not required to
register as an investment company under the Investment Company Act of 1940 and
it is not registered as an investment company under the Investment Company Act
of 1940. The contract is a "covered security" under the federal securities laws.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account. The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

ABOUT OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such

56  More information



transmittals must be accompanied by information we require to allocate your
contribution. Wire orders not accompanied by complete information may be
retained as described under "How you can make your contributions" under
"Contract features and benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract generally
will not be issued until we receive and accept a properly completed application.
In certain cases we may issue a contract based on information provided through
certain broker-dealers with which we have established electronic facilities. In
any such cases, you must sign our Acknowledgement of Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed application
and have issued the contract. Where we issue a contract based on information
provided through electronic facilities, we require an Acknowledgement of Receipt
form, and financial transactions are only permitted if you request them in
writing, sign the request and have its signature guaranteed, until we receive
the signed Acknowledgement of Receipt form. After your contract has been issued,
additional contributions may be transmitted by wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be transmitted
by wire.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all the
required information unless another date applies as indicated below.

o  If your contribution, transfer, or any other transaction request, containing
   all the required information, reaches us on a non-business day or after 4:00
   p.m. on a business day, we will use the next business day.

o  If your transaction is set to occur on the same day of the month as the
   contract date and that date is the 29th, 30th or 31st of the month, then the
   transaction will occur on the 1st day of the next month.

o  When a charge is to be deducted on a contract date anniversary that is a
   non-business day, we will deduct the charge on the next business day.

o  If we have entered into an agreement with your broker-dealer for automated
   processing of contributions upon receipt of customer order, your contribution
   will be considered received at the time your broker-dealer receives your
   contribution and all information needed to process your application, along
   with any required documents, and transmits your order to us in accordance
   with our processing procedures. Such arrangements may apply to initial
   contributions, subsequent contributions, or both, and may be commenced or
   terminated at any time without prior notice. If required by law, the "closing
   time" for such orders will be earlier than 4 p.m., Eastern Time.

CONTRIBUTIONS AND TRANSFERS


o  Contributions allocated to the variable investment options are invested at
   the unit value next determined after the receipt of the contribution.

o  Transfers to or from variable investment options will be made at the unit
   value next determined after the receipt of the transfer request.


ABOUT YOUR VOTING RIGHTS


As the owner of shares of the Trusts, we have the right to vote on certain
matters involving the portfolios, such as:


o  the election of trustees;


o  the formal approval of independent public accounting firms selected for each
   Trust; or

o  any other matters described in each prospectus for the Trusts or requiring a
   shareholders' vote under the Investment Company Act of 1940.


We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is taken.
If we do not receive instructions in time from all contract owners, we will vote
the shares of a portfolio for which no instructions have been received in the
same proportion as we vote shares of that portfolio for which we have received
instructions. We will also vote any shares that we are entitled to vote directly
because of amounts we have in a portfolio in the same proportions that contract
owners vote.


The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's annuity and/or variable life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do not
foresee any disadvantages to our contract owners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events


                                                            More information  57



to identify any material irreconcilable conflicts that may arise and to
determine what action, if any, should be taken in response. If we believe that a
Board's response insufficiently protects our contract owners, we will see to it
that appropriate action is taken to do so.

SEPARATE ACCOUNT NO. 49 VOTING RIGHTS


If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. We will cast votes attributable to any amounts we
have in the variable investment options in the same proportion as votes cast by
contract owners.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.

ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect to
a contract owner's interest in Separate Account No. 49, nor would any of these
proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the consolidated
financial statements of AXA Equitable, are in the SAI. The SAI is available free
of charge. You may request one by writing to our processing office or calling
1-800-789-7771.

TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

Loans are not available under this contract. In some cases, an assignment or
change of ownership may have adverse tax consequences. See "Tax information"
earlier in this Prospectus.

You can transfer ownership of an NQ contract at any time before annuity payments
begin. We will continue to treat you as the owner until we receive notification
of any change at our processing office. You cannot assign your NQ contract as
collateral or security for a loan.

The AXA Equitable Retirement Income for Life(SM) benefit and the Annual Ratchet
to age 85 death benefit will generally automatically terminate if you change
ownership of the contract or if you assign the owner's right to change the
beneficiary or person to whom annuity payments will be made.

You cannot assign or transfer ownership of an IRA, QP or Rollover TSA contract
except by surrender to us. If your individual retirement annuity contract is
held in your custodial individual retirement account, you may only assign or
transfer ownership of such an IRA contract to yourself. Loans are not available
and you cannot assign IRA, TSA and QP contracts as security for a loan or other
obligation.

You may direct the transfer of the values under your IRA, QP or Rollover TSA
contract to another similar arrangement under federal income tax rules. In the
case of such a transfer, which involves a surrender of your contract, we will
impose a withdrawal charge, if one applies.


ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue to
rely on this authorization until it receives your written notification at its
processing office that you have withdrawn this authorization. AXA Equitable may
change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict facsimile,
internet, telephone and other electronic transfer services because of disruptive
transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and AXA
Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The
Distributors serve as principal underwriters of Separate Account No. 49. The
offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are registered
with the SEC as broker-dealers and are members of the National Association of
Securities Dealers, Inc. ("NASD"). Both broker-dealers also act as distributors
for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and will
generally not exceed 8.50% of total contributions. AXA Advisors, in turn, may
pay a portion of the contribution-based compensation received from AXA Equitable
on the sale of a contract to the AXA Advisors financial professional and/or
Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced


58  More information




contribution-based compensation on a contract in combination with ongoing annual
compensation of up to 1.00% of the account value of the contract sold
("asset-based compensation"). Total compensation paid to a financial
professional or a Selling broker-dealer electing to receive both
contribution-based and asset-based compensation could over time exceed the total
compensation that would otherwise be paid on the basis of contributions alone.
The contribution-based and asset-based compensation paid by AXA Advisors varies
among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.00% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also receives
compensation and reimbursement for its marketing services under the terms of its
distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their behalf.
The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or AXA Equitable Retirement Income for Life(SM)
on a company and/or product list; sales personnel training; product training;
business reporting; technological support; due diligence and related costs;
advertising, marketing and related services; conferences; and/or other support
services, including some that may benefit the contract owner. Payments may be
based on the amount of assets or purchase payments attributable to contracts
sold through a Selling broker-dealer or, in the case of conference support, such
payments may be a fixed amount. The Distributors may also make fixed payments to
Selling broker-dealers in connection with the initiation of a new relationship
or the introduction of a new product. These payments may serve as an incentive
for Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more information
about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments known
as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can vary
in amount based on the applicable product and/or entity or individual involved.
As with any incentive, such payments may cause the financial professional to
show preference in recommending the purchase or sale of AXA Equitable products.
However, under applicable rules of the NASD, AXA Advisors may only recommend to
you products that they reasonably believe are suitable for you based on facts
that you have disclosed as to your other security holdings, financial situation
and needs. In making any recommendation, financial professionals of AXA Advisors
may nonetheless face conflicts of interest because of the differences in
compensation from one product category to another, and because of differences in
compensation between products in the same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such as
stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made will
be in compliance with all applicable NASD rules and other laws and regulations.


                                                            More information  59




Appendix II: Purchase considerations for QP contracts

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Trustees who are considering the purchase of an AXA Equitable Retirement Income
for Life(SM) QP contract should discuss with their tax advisors whether this is
an appropriate investment vehicle for the employer's plan. Trustees should
consider whether the plan provisions permit the investment of plan assets in the
QP contract, the distribution of such an annuity, and the payment of death
benefits in accordance with the requirements of the federal income tax rules.
The QP contract and this prospectus should be reviewed in full, and the
following factors, among others, should be noted. Assuming continued plan
qualification and operation, earnings on qualified plan assets will accumulate
value on a tax-deferred basis even if the plan is not funded by the AXA
Equitable Retirement Income for Life(SM) QP contract or another annuity
contract. Therefore, you should purchase an AXA Equitable Retirement Income for
Life(SM) QP contract to fund a plan for the contract's features and benefits
other than tax deferral, after considering the relative costs and benefits of
annuity contracts and other types of arrangements and funding vehicles.

We will not accept defined benefit plans. Because of its income focus, this
contract may not be appropriate for QP if the funds are subject to withdrawal
restrictions under the plan. This QP contract accepts only transfer
contributions from other investments within an existing qualified plan trust. We
will not accept ongoing payroll contributions or other contributions from the
employer. For 401(k) plans, no employee after-tax contributions are accepted. A
"designated Roth contribution account" is not available in the QP contract.
Checks written on accounts held in the name of the employer instead of the plan
or the trustee will not be accepted. Subsequent contributions are not permitted
after the later of: (i) the end of the first contract year and (ii) the date of
the first withdrawal. If amounts attributable to an excess or mistaken
contribution must be withdrawn, this withdrawal could be an Excess withdrawal as
described in "AXA Equitable Retirement Income for Life(SM) benefit" under
"Contract features and benefits" earlier in this Prospectus. A withdrawal charge
may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely responsible
for performing or providing for all such services. There is no loan feature
offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.


Given that required minimum distributions must generally commence from the plan
for annuitants after age 70-1/2, trustees should consider that:


o  the QP contract may not be an appropriate purchase for participants
   approaching or over age 70-1/2;

o  Contributions after age 70-1/2 must be net of any required minimum
   distributions; and

o  provisions in the Treasury Regulations on required minimum distributions
   require that the actuarial present value of additional annuity contract
   benefits be added to the dollar amount credited for purposes of calculating
   required minimum distributions. This could increase the amounts required to
   be distributed.

Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the plan
to engage in prohibited discrimination in contributions, benefits or otherwise.


                       Appendix II: Purchase considerations for QP contracts B-1




Appendix III: Hypothetical illustrations


- --------------------------------------------------------------------------------
ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND THE AXA EQUITABLE RETIREMENT
INCOME FOR LIFE(SM) BENEFIT


The following tables illustrate the changes in account value, cash value and the
Annual Ratchet to age 85 death benefit under certain hypothetical circumstances
for an AXA Equitable Retirement Income for Life(SM) contract. The table
illustrates the operation of a contract based on a single $100,000 contribution
for a Joint life contract, owner and successor owner both age 65 at issue, with
payments under the Maximum payment plan. The amounts shown are for the beginning
of each contract year and assume that all of the account value is invested in
portfolios that achieve investment returns at constant gross annual rates of 0%
and 6% (i.e., before any investment management fees, 12b-1 fees or other
expenses are deducted from the underlying portfolio assets). After the deduction
of the arithmetic average of the investment management fees, 12b-1 fees and
other expenses of all of the underlying Portfolios (as described below), the
corresponding net annual rates of return would be (2.66)% and 3.34% for the AXA
Equitable Retirement Income for Life(SM) contract, at the 0% and 6% gross annual
rates, respectively. These net annual rates of return reflect the trust and
separate account level charges, but they do not reflect the charge we deduct
from your account value annually for the AXA Equitable Retirement Income for
Life(SM) benefit and the optional Annual Ratchet to age 85 death benefit. If the
net annual rates of return did reflect this charge, the net annual rates of
return shown would be lower; however, the values shown in the following tables
reflect the following contract charges: Annual Ratchet to age 85 death benefit
charge and any applicable administrative charge and withdrawal charge.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.09%, and (2) an assumed average
asset charge for all other expenses of the underlying portfolios equivalent to
an effective annual rate of 1.03% and (3) 12b-1 fees equivalent to an effective
annual rate of 0.25%. These rates are the arithmetic average for all portfolios
that are available as investment options. In other words, they are based on the
hypothetical assumption that account values are allocated equally among the
variable investment options. The actual rates associated with any contract will
vary depending upon the actual allocation of policy values among the investment
options. These rates do not reflect expense limitation arrangements in effect
with respect to certain of the underlying portfolios as described in the
footnotes to the fee table for the underlying portfolios in "Fee Table" earlier
in this prospectus. With these arrangements, the charges shown above would be
lower. This would result in higher values than those shown in the following
tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

C-1  Appendix III: Hypothetical illustrations



Variable Deferred Annuity
$100,000 Single Contribution and Maximum Payment Plan
Joint Life, Owner/Successor Owner Both Issue Age 65
Benefits:
     AXA Equitable Retirement Income for Life(SM) Benefit
     Annual Ratchet to age 85 death benefit




                                                                                                      Guaranteed Minimum
                           Payments*               Account Value               Cash Value                Death Benefit
                     ---------------------   -------------------------   -----------------------   -------------------------
                                                                                      
          Contract
 Age       Year            0%          6%            0%            6%           0%           6%            0%            6%
- ------   ---------         -           -             -             -            -            -             -             -
65            1            0           0       100,000       100,000       93,000       93,000       100,000       100,000
66            2        5,000       5,000        91,155        97,149       84,155       90,149        95,000        97,149
67            3        5,000       5,000        82,560        94,211       76,560       88,211        90,000        94,211
68            4        5,000       5,000        74,209        91,184       68,209       85,184        85,000        91,184
69            5        5,000       5,000        66,095        88,065       61,095       83,065        80,000        88,065
70            6        5,000       5,000        58,212        84,852       55,212       81,852        75,000        84,852
71            7        5,000       5,000        50,554        81,541       49,554       80,541        70,000        81,541
72            8        5,000       5,000        43,114        78,130       43,114       78,130        65,000        78,130
73            9        5,000       5,000        35,887        74,616       35,887       74,616        60,000        74,616
74           10        5,000       5,000        28,867        70,995       28,867       70,995        55,000        70,995
79           15        5,000       5,000             0        51,177            0       51,177        30,000        51,177
84           20        5,000       5,000             0        28,168            0       28,168         5,000        28,168
89           25        5,000       5,000             0         1,454            0        1,454             0         1,454
94           30        5,000       5,000             0             0            0            0             0             0
95           31        5,000       5,000             0             0            0            0             0             0



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for individual
contract years. We can make no representation that these hypothetical investment
results can be achieved for any one year or continued over any period of time.
In fact, for any given period of time, the investment results could be negative.

*  Payments are made while either the owner or the successor owner is living.

                                    Appendix III: Hypothetical illustrations C-2



Statement of additional information

- --------------------------------------------------------------------------------
TABLE OF CONTENTS

                                                                            Page

Who is AXA Equitable?                                                        2
Unit Values                                                                  2
Custodian and Independent Registered Public Accounting Firm                  2
Distribution of the Contracts                                                2
Financial Statements                                                         2


How to Obtain an AXA Equitable Retirement Income for Life(SM) Statement of
Additional Information for Separate Account No. 49

Send this request form to:
     AXA Equitable Retirement Income for Life(SM)
     P.O. Box 1547
     Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me an AXA Equitable Retirement Income for Life(SM) SAI for Separate
Account No. 49 dated May 1, 2007.



- --------------------------------------------------------------------------------
Name:


- --------------------------------------------------------------------------------
Address:


- --------------------------------------------------------------------------------
City           State    Zip


                                    AXA Equitable Retirement Income for Life(SM)
                                                                          x01484




Stylus(SM)
A combination variable and fixed deferred annuity contract



PROSPECTUS DATED MAY 1, 2007


Please read and keep this Prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract. You should read the prospectuses for each
Trust, which contain important information about the portfolios.


- --------------------------------------------------------------------------------

WHAT IS STYLUS(SM)?

Stylus(SM) is a deferred annuity contract issued by AXA Equitable Life Insurance
Company. It provides for the accumulation of retirement savings and for income.
The contract offers income and death benefit protection. It also offers a
number of payout options. You invest to accumulate value on a tax-deferred
basis in one or more of our variable investment options. This contract may not
currently be available in all states. Certain features and benefits described
in this Prospectus may vary in your state; all features and benefits may not be
available in all contracts, in all states or from all selling broker-dealers.
Please see Appendix IV later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.




- --------------------------------------------------------------------------------
 Variable investment options
- --------------------------------------------------------------------------------
                                  
o AXA Aggressive Allocation*         o AXA Moderate-Plus Allocation*
o AXA Conservative Allocation*       o EQ/Franklin Templeton Founding
o AXA Conservative-Plus Allocation*    Strategy**
o AXA Moderate Allocation*           o EQ/Money Market
- --------------------------------------------------------------------------------



*    The "AXA Allocation" portfolios.


**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

You may allocate amounts to any of the variable investment options. Each
variable investment option is a subaccount of Separate Account No. 49. Each
variable investment option, in turn, invests in a corresponding securities
portfolio of AXA Premier VIP Trust or EQ Advisors Trust (the "Trusts"). Your
investment results in a variable investment option will depend on the
investment performance of the related portfolio.


TYPES OF CONTRACTS. We offer the contracts for use as:

o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  An individual retirement annuity ("IRA"), either traditional IRA or Roth IRA.
   We offer two versions of the traditional IRA: "Rollover IRA" (intended for
   rollover and direct transfer contributions) and "Flexible Premium IRA." We
   also offer two versions of the Roth IRA: "Roth IRA" and "Flexible Premium
   Roth IRA."

o  Traditional and Roth Inherited IRA beneficiary continuation contract
   ("Inherited IRA") (direct transfer contributions and specific direct rollover
   contributions only).

o  An annuity that is an investment vehicle for a qualified defined contribution
   plan ("QP") (Rollover and direct transfer contributions only).

A contribution of at least $5,000 is required to purchase an NQ, Rollover IRA,
Roth IRA, Inherited IRA, or QP contract. For Flexible Premium IRA or Flexible
Premium Roth IRA contracts, we require a contribution of $4,000 to purchase a
contract.


Registration statements relating to this offering have been filed with the
Securities and Exchange Commission ("SEC"). The statement of additional
information ("SAI") dated May 1, 2007, is part of the registration statement.
The SAI is available free of charge. You may request one by writing to our
processing office at P.O. Box 1547, Secaucus, NJ 07096-1547 or calling
1-800-789-7771. The SAI has been incorporated by reference into this
Prospectus. This Prospectus and the SAI can also be obtained from the SEC's
website at www.sec.gov. The table of contents for the SAI appears at the back
of this Prospectus.



The SEC has not approved or disapproved these securities or determined if this
Prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.


                                                                   X01603/Stylus

                                                                        (R-4/15)



Contents of this Prospectus
- --------------------------------------------------------------------




STYLUS(SM)
- --------------------------------------------------------------------------------
Index of key words and phrases                                               4
Who is AXA Equitable?                                                        6
How to reach us                                                              7
Stylus(SM) at a glance -- key features                                       9


- --------------------------------------------------------------------------------
FEE TABLE                                                                   11
- --------------------------------------------------------------------------------
Example                                                                     13
Condensed financial information                                             13


- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                           14
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                        14
Owner and annuitant requirements                                            18
How you can make your contributions                                         18
What are your investment options under the contract?                        18
Portfolios of the Trusts                                                    19
Allocating your contributions                                               20
Guaranteed minimum death benefit and
     Guaranteed minimum income benefit base                                 20
Annuity purchase factors                                                    22

Guaranteed minimum income benefit                                           22

Guaranteed minimum death benefit                                            24
Guaranteed withdrawal benefit for life ("GWBL")                             25
Inherited IRA beneficiary continuation contract                             28
Your right to cancel within a certain number of days                        29


- --------------------------------------------------------------------------------
2. DETERMINING YOUR CONTRACT'S VALUE                                        30
- --------------------------------------------------------------------------------
Your account value and cash value                                           30
Your contract's value in the variable investment options                    30
Insufficient account value                                                  30


- --------------------------------------------------------------------------------
3. TRANSFERRING YOUR MONEY AMONG INVESTMENT OPTIONS                         31
- --------------------------------------------------------------------------------
Transferring your account value                                             31
Disruptive transfer activity                                                31
Rebalancing your account value                                              32


- ----------------------
"We," "our," and "us" refer to AXA Equitable.

When we use the word "contract" it also includes certificates that are issued
under group contracts in some states.

When we address the reader of this Prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
Prospectus is discussing at that point. This is usually the contract owner.

2  Contents of this Prospectus



- --------------------------------------------------------------------------------
4. ACCESSING YOUR MONEY                                                     33
- --------------------------------------------------------------------------------
Withdrawing your account value                                              33
How withdrawals are taken from your account value                           35
How withdrawals affect your Guaranteed minimum
     income benefit and Guaranteed minimum death benefit                    35
How withdrawals affect your GWBL and GWBL Guaranteed
     minimum death benefit                                                  35
Withdrawals treated as surrenders                                           36
Surrendering your contract to receive its cash value                        36
When to expect payments                                                     36
Your annuity payout options                                                 36


- --------------------------------------------------------------------------------
5. CHARGES AND EXPENSES                                                     39
- --------------------------------------------------------------------------------
Charges that AXA Equitable deducts                                          39
Charges that the Trusts deduct                                              42
Group or sponsored arrangements                                             42
Other distribution arrangements                                             42


- --------------------------------------------------------------------------------
6. PAYMENT OF DEATH BENEFIT                                                 43
- --------------------------------------------------------------------------------
Your beneficiary and payment of benefit                                     43
Beneficiary continuation option                                             44


- --------------------------------------------------------------------------------
7. TAX INFORMATION                                                          47
- --------------------------------------------------------------------------------
Overview                                                                    47
Buying a contract to fund a retirement arrangement                          47
Transfers among investment options                                          47
Taxation of nonqualified annuities                                          47
Individual retirement arrangements (IRAs)                                   49
Federal and state income tax withholding and
     information reporting                                                  58
Special rules for contracts funding qualified plans                         59
Impact of taxes to AXA Equitable                                            59


- --------------------------------------------------------------------------------
8. MORE INFORMATION                                                         60
- --------------------------------------------------------------------------------
About Separate Account No. 49                                               60
About the Trusts                                                            60
About the general account                                                   60
About other methods of payment                                              60
Dates and prices at which contract events occur                             61
About your voting rights                                                    61
About legal proceedings                                                     62
Financial statements                                                        62
Transfers of ownership, collateral assignments, loans
     and borrowing                                                          62

About Custodial IRAs                                                        62

Distribution of the contracts                                               63


- --------------------------------------------------------------------------------
APPENDICES
- --------------------------------------------------------------------------------
 I  -- Purchase considerations for QP contracts                            A-1
II  -- Enhanced death benefit example                                      B-1
III -- Hypothetical illustrations                                          C-1
IV  -- State contract availability and/or variations of certain
        features and benefits                                              D-1

- --------------------------------------------------------------------------------
STATEMENT OF ADDITIONAL INFORMATION
     TABLE OF CONTENTS
- --------------------------------------------------------------------------------

                                                  Contents of this Prospectus  3



Index of key words and phrases

- --------------------------------------------------------------------------------

This index should help you locate more information on the terms used in this
Prospectus.



                                                                 Page
   6% Roll-Up to age 85                                            21
   12-month dollar cost averaging                                  20
   account value                                                   30
   administrative charge                                           39
   annual administrative charge                                    39
   Annual Ratchet                                                  26
   Annual Ratchet to age 85 enhanced death benefit                 21
   annuitant                                                       14
   annuitization                                                   36
   annuity maturity date                                           38
   annuity payout options                                          36
   annuity purchase factors                                        22
   automatic investment program                                    61
   beneficiary                                                     43
   Beneficiary continuation option ("BCO")                         44
   benefit base                                                    25
   business day                                                    18
   cash value                                                      30
   charges for state premium and other applicable taxes            41
   contract date                                                   18
   contract date anniversary                                       18
   contract year                                                   18
   contributions to Roth IRAs                                      55
      regular contributions                                        55
      rollovers and transfers                                      56
      conversion contributions                                     56
   contributions to traditional IRAs                               50
      regular contributions                                        50
      rollovers and transfers                                      51
   disability, terminal illness or confinement to nursing home     40
   disruptive transfer activity                                    31
   Distribution Charge                                             39
   EQAccess                                                         7
   Flexible Premium IRA                                         cover
   Flexible Premium Roth IRA                                    cover
   free look                                                       29
   free withdrawal amount                                          40
   general account                                                 60
   General dollar cost averaging                                   20
   Guaranteed minimum death benefit                                24
   Guaranteed minimum death benefit/Guaranteed
      minimum income benefit roll-up benefit
      base reset option                                            21
   Guaranteed minimum income benefit                               22
   Guaranteed minimum income benefit charge                        41

                                                                 Page
   Guaranteed minimum income benefit "no lapse guarantee"          23
   Guaranteed withdrawal benefit for life                          25
   Guaranteed withdrawal benefit for life charge                   41
   IRA                                                          cover
   IRS                                                             47
   Inherited IRA                                                cover
   investment options                                           cover
   lifetime required minimum distribution withdrawals              34
   market timing                                                   31
   Mortality and expense risks charge                              39
   NQ                                                           cover
   partial withdrawals                                             33
   portfolio                                                    cover
   processing office                                                7
   QP                                                           cover
   Rebalancing                                                     32
   Rollover IRA                                                 cover
   Roth IRA                                                     cover
   SAI                                                          cover
   SEC                                                          cover
   self-directed allocation                                        20
   Separate Account No. 49                                         60
   standard death benefit                                          21
   substantially equal withdrawals                                 34
   Spousal continuation                                            44
   systematic withdrawals                                          33
   TOPS                                                             7
   traditional IRA                                              cover
   Trusts                                                          60
   unit                                                            30
   variable investment options                                  cover
   wire transmittals and electronic applications                   60
   withdrawal charge                                               40


To make this Prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in this Prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract.




- --------------------------------------------------------------------------------
 Prospectus                                 Contract or Supplemental Materials
- --------------------------------------------------------------------------------
                                        
  variable investment options              Investment Funds
  account value                            Annuity Account Value
  unit                                     Accumulation Unit
  Guaranteed minimum death benefit         Guaranteed death benefit
  Guaranteed minimum income benefit        Guaranteed Income Benefit
  Guaranteed withdrawal benefit for life   Guaranteed withdrawal benefit
- --------------------------------------------------------------------------------


4 Index of key words and phrases






- -----------------------------------------------------------------------------------------
 Prospectus                              Contract or Supplemental Materials
- -----------------------------------------------------------------------------------------
                                     
  GWBL benefit base                     Guaranteed withdrawal benefit for life
                                        benefit base
  Guaranteed annual withdrawal amount   Guaranteed withdrawal benefit for life Annual
                                        withdrawal amount
  GWBL Excess withdrawal                Guaranteed withdrawal benefit for life Excess
                                        withdrawal
- -----------------------------------------------------------------------------------------


                                                Index of key words and phrases 5



Who is AXA Equitable?

- --------------------------------------------------------------------------------

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.



6  Who is AXA Equitable?



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------
Stylus(SM)
P.O. Box 13014
Newark, NJ 07188-0014


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------
Stylus(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox


- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------
Stylus(SM)
P.O. Box 1547
Secaucus, NJ 07096-1547



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS,
 WITHDRAWALS, OR REQUIRED NOTICES) SENT BY EXPRESS
 DELIVERY:
- --------------------------------------------------------------------------------

Stylus(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094




- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o  written confirmation of financial transactions;

o  statement of your contract values at the close of each calendar year, and any
   calendar quarter in which there was a financial transaction; and

o  annual statement of your contract values as of the close of the contract
   year, including notification of eligibility to exercise the Guaranteed
   minimum income benefit and/or the Roll-Up benefit base reset option.


- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------
TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o  your current account value;

o  your current allocation percentages;

o  the number of units you have in the variable investment options;

o  the daily unit values for the variable investment options; and

o  performance information regarding the variable investment options (not
   available through TOPS).

You can also:

o  change your allocation percentages and/or transfer among the variable
   investment options;

o  elect to receive certain contract statements electronically;

o  change your address (not available through TOPS);

o  change your TOPS personal identification number ("PIN") (through TOPS only)
   and your EQAccess password (through EQAccess only); and

o  access Frequently Asked Questions and Service Forms (not available through
   TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" later in this Prospectus).



- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.


                                                        Who is AXA Equitable?  7



WE REQUIRE THAT THE FOLLOWING TYPES OF COMMUNICATIONS BE ON SPECIFIC FORMS WE
PROVIDE FOR THAT PURPOSE:

(1)  authorization for telephone transfers by your financial professional;

(2)  conversion of a traditional IRA to a Roth IRA or Flexible Premium Roth IRA
     contract;

(3)  election of the automatic investment program;

(4)  election of the rebalancing program;

(5)  requests for withdrawals or surrenders from contracts with the Guaranteed
     withdrawal benefit for life ("GWBL");

(6)  tax withholding elections;

(7)  election of the beneficiary continuation option;

(8)  IRA contribution recharacterizations;

(9)  certain Section 1035 exchanges;

(10) direct transfers;

(11) exercise of the Guaranteed minimum income benefit;

(12) requests to reset your Roll-Up benefit base (for contracts that have both
     the Guaranteed minimum income benefit and the Greater of the 6% Roll-Up to
     age 85 or the Annual Ratchet to age 85 enhanced death benefit);

(13) requests to opt out of or back into the annual ratchet of the Guaranteed
     withdrawal benefit for life ("GWBL") benefit base;

(14) death claims;

(15) change in ownership (NQ only); and

(16) requests for enrollment in either our Maximum payment plan or Customized
     payment plan under the Guaranteed withdrawal benefit for life ("GWBL").


WE ALSO HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES
OF REQUESTS:

(1)  address changes;

(2)  beneficiary changes;

(3)  transfers between investment options;

(4)  contract surrender and withdrawal requests;

(5)  general dollar cost averaging; and

(6)  12-month dollar cost averaging.


TO CANCEL OR CHANGE ANY OF THE FOLLOWING WE REQUIRE WRITTEN NOTIFICATION
GENERALLY AT LEAST SEVEN CALENDAR DAYS BEFORE THE NEXT SCHEDULED TRANSACTION:

(1)  automatic investment program;

(2)  general dollar cost averaging;

(3)  rebalancing;

(4)  12 month dollar cost averaging;

(5)  substantially equal withdrawals;

(6)  systematic withdrawals; and

(7)  the date annuity payments are to begin.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.


SIGNATURES:

The proper person to sign forms, notices and requests would normally be the
owner. If there are joint owners, both must sign.


8  Who is AXA Equitable?



Stylus(SM) at a glance -- key features

- --------------------------------------------------------------------------------






                       
Professional investment   Stylus(SM) variable investment options invest in different portfolios managed by professional
management                investment advisers.
- ------------------------------------------------------------------------------------------------------------------------------------
Tax considerations        o No tax on earnings inside the contract until you make withdrawals from your contract or receive
                            annuity payments.
                          ----------------------------------------------------------------------------------------------------------
                          o No tax on transfers among investment options inside the contract.
                          ----------------------------------------------------------------------------------------------------------
                          If you are purchasing an annuity contract as an Individual Retirement Annuity (IRA), or to fund an
                          employer retirement plan (QP or Qualified Plan), you should be aware that such annuities do not
                          provide tax deferral benefits beyond those already provided by the Internal Revenue Code. Before
                          purchasing one of these annuities, you should consider whether its features and benefits beyond tax
                          deferral meet your needs and goals. You may also want to consider the relative features, benefits
                          and costs of these annuities compared with any other investment that you may use in connection with
                          your retirement plan or arrangement. Depending on your personal situation, the contract's guaranteed
                          benefits may have limited usefulness because of required minimum distributions ("RMDs").
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed minimum        The Guaranteed minimum income benefit provides income protection for you during your life once you
income benefit            elect to annuitize the contract.
- ------------------------------------------------------------------------------------------------------------------------------------
Guaranteed withdrawal     The Guaranteed withdrawal benefit for life option ("GWBL") guarantees that you can take withdrawals
benefit for life          of up to a maximum amount each contract year (your "Guaranteed annual withdrawal amount") beginning
                          at age 45 or later.
                          Withdrawals are taken from your account value and continue during your lifetime even if your account
                          value falls to zero (unless it is caused by a withdrawal that exceeds your Guaranteed annual withdrawal
                          amount).
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts      o NQ, Rollover IRA, Roth IRA, Inherited IRA and QP contracts
                            o Initial minimum:      $5,000
                            o Additional minimum:   $500 (NQ and QP contracts)
                                                    $100 monthly and $300 quarterly under our automatic investment program
                                                    (NQ contracts)
                                                    $50 (IRA contracts)
                                                    $1000 (Inherited IRA contracts)
                          ----------------------------------------------------------------------------------------------------------
                          o Flexible Premium IRA and Flexible Premium Roth IRA contracts
                            o Initial minimum:      $4,000
                            o Additional minimum:   $   50
                                                    $50 monthly and quarterly under our automatic investment program
                          ----------------------------------------------------------------------------------------------------------
                          Maximum contribution limitations may apply. In general, contributions are limited to $1.5 million
                          ($500,000 for owners or annuitants who are age 81 and older at contract issue unless you elect GWBL)
                          for Stylus(SM) contracts with the same owner or annuitant. We reserve the right to limit aggregate
                          contributions made after the first contract year to 150% of first-year contributions. See "How you
                          can purchase and contribute to your contract" in "Contract features and benefits" later in this
                          Prospectus.
- ------------------------------------------------------------------------------------------------------------------------------------
Access to your money      o Partial withdrawals
                          o Several withdrawal options on a periodic basis
                          o Contract surrender
                          o Maximum payment plan (only under contracts with GWBL)
                          o Customized payment plan (only under contracts with GWBL)

                          You may incur a withdrawal charge for certain withdrawals or if you surrender your contract. You may also
                          incur income tax and a tax penalty. Certain withdrawals will diminish the value of optional benefits.
- ------------------------------------------------------------------------------------------------------------------------------------



                                        Stylus(SM) at a glance -- key features 9








                         
Payout options              o Fixed annuity payout options
                            o Variable Immediate Annuity payout options (described in a separate prospectus for that option)
                            o Income Manager(SM) payout options (described in a separate prospectus for that option)
- ------------------------------------------------------------------------------------------------------------------------------------
Additional features         o Guaranteed minimum death benefit options
                            o Dollar cost averaging
                            o Automatic investment program
                            o Account value rebalancing (quarterly, semiannually, and annually)
                            o Free transfers
                            o Waiver of withdrawal charge for certain withdrawals, disability, terminal illness, or confinement to
                              a nursing home
                            o Spousal continuation
                            o Beneficiary continuation option
                            o Guaranteed minimum death benefit/Guaranteed minimum income benefit roll-up benefit base reset
- ------------------------------------------------------------------------------------------------------------------------------------
Fees and charges            Please see "Fee table" later in this section for complete details.
- ------------------------------------------------------------------------------------------------------------------------------------
Owner and annuitant issue   NQ: 0-85
ages                        Rollover IRA, Roth IRA and Flexible Premium Roth IRA: 20-85
                            Flexible Premium IRA: 20-70
                            Inherited IRA: 0-70
                            QP: 20-75
- ------------------------------------------------------------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases, restrictions or exceptions apply. Also, all features
of the contract are not necessarily available in your state or at certain ages.
Please see Appendix IV later in this Prospectus for more information on state
availability and/or variations of certain features and benefits.

For more detailed information, we urge you to read the contents of this
Prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.


OTHER CONTRACTS

We offer a variety of fixed and variable annuity contracts. They may offer
features, including investment options, credits, fees and/or charges that are
different from those in the contracts offered by this Prospectus. Not every
contract is offered through every selling broker-dealer. Some selling
broker-dealers may not offer and/or limit the offering of certain features or
options, as well as limit the availability of the contracts, based on issue age
or other criteria established by the selling broker-dealer. Upon request, your
financial professional can show you information regarding other AXA Equitable
annuity contracts that he or she distributes. You can also contact us to find
out more about the availability of any of the AXA Equitable annuity contracts.


You should work with your financial professional to decide whether an optional
benefit is appropriate for you based on a thorough analysis of your particular
insurance needs, financial objectives, investment goals, time horizons and risk
tolerance.



10 Stylus(SM) at a glance -- key features



Fee table

- --------------------------------------------------------------------------------

The following tables describe the fees and expenses that you will pay when
buying, owning, and surrendering the contract. Each of the charges and expenses
is more fully described in "Charges and expenses" later in this Prospectus.


The first table describes fees and expenses that you will pay at the time that
you surrender the contract or if you make certain withdrawals or apply your
cash value to certain payout options or if you purchase a Variable Immediate
Annuity payout option. Charges designed to approximate certain taxes that may
be imposed on us, such as premium taxes in your state, may also apply. Charges
for certain features shown in the fee table are mutually exclusive.






- ----------------------------------------------------------------------------------------------------
 Charges we deduct from your account value at the time you request certain transactions
- ----------------------------------------------------------------------------------------------------
                                                                         
Maximum withdrawal charge as a percentage of contributions with-
drawn (deducted if you surrender your contract or make certain
withdrawals or apply your cash value to certain payout options).(1)         7.00%

Charge if you elect a variable payout option upon annuitization (which
is described in a separate prospectus for that option)                      $350
- ----------------------------------------------------------------------------------------------------



The next table describes the fees and expenses that you will pay periodically during
the time that you own the contract, not including the underlying trust portfolio
fees and expenses.
- ----------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value on each contract date anniversary
- ----------------------------------------------------------------------------------------------------------
                                                                         
Maximum annual administrative charge(2)
   If your account value on a contract date anniversary is less than
   $50,000(3)                                                               $ 30
   If your account value on a contract date anniversary is $50,000
   or more                                                                  $  0
- ----------------------------------------------------------------------------------------------------------
 Charges we deduct from your variable investment options expressed as an
 annual percentage of daily net assets
- ----------------------------------------------------------------------------------------------------------
Separate account annual expenses:
Mortality and expense risks                                                 0.80%
Administrative                                                              0.30%
Distribution                                                                0.05%
                                                                            ----
Total Separate account annual expenses                                      1.15%
- ----------------------------------------------------------------------------------------------------------
 Charges we deduct from your account value each year if you elect any of the following optional benefits
- ----------------------------------------------------------------------------------------------------------
Guaranteed minimum death benefit charge (calculated as a
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect).
   Standard death benefit and GWBL Standard death benefit                   0.00%
   Annual Ratchet to age 85                                                 0.25%
   Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85              0.65%
   GWBL Enhanced death benefit                                              0.30%
- ----------------------------------------------------------------------------------------------------------
Guaranteed minimum income benefit charge (calculated as a                   0.65%
percentage of the applicable benefit base. Deducted annually(2) on each
contract date anniversary for which the benefit is in effect)
- ----------------------------------------------------------------------------------------------------------



                                                                    Fee table 11






- --------------------------------------------------------------------------------------------------------------------------------
                                                                                        
Guaranteed withdrawal benefit for life benefit charge(2) (cal-                             0.60% for the Single Life option
culated as a percentage of the GWBL benefit base. Deducted annually                        0.75% for the Joint Life option
on each contract date anniversary).

If your GWBL benefit base ratchets, we reserve the right to increase
your charge up to:                                                                         0.75% for the Single Life option
                                                                                           0.90% for the Joint Life option

Please see "Guaranteed withdrawal benefit for life" in "Contract features and benefits" for more information about this
feature, including its benefit base and the Annual Ratchet provision, and "Guaranteed withdrawal benefit for life benefit charge"
in "Charges and expenses," both later in this Prospectus.
- --------------------------------------------------------------------------------------------------------------------------------


You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.




- -------------------------------------------------------------------------------------------------------------
 Portfolio operating expenses expressed as an annual percentage of daily net assets
- -------------------------------------------------------------------------------------------------------------
                                                                                        
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or  ------     -------
other expenses)(4)                                                                 0.72%      1.58%
- -------------------------------------------------------------------------------------------------------------







  This table shows the fees and expenses for 2006 as an annual percentage of each Portfolio's daily average net assets.
- ---------------------------------------------------------------------------------------------------------------------------
                                                                          Acquired       Total
                                                                         Fund Fees     Annual                   Net Total
                                                                            and       Expenses    Fee Waiv-      Annual
                                                                          Expenses     (Before   ers and/or     Expenses
                                     Manage-                            (Underlying    Expense     Expense       (After
                                      ment       12b-1       Other        Portfo-      Limita-   Reimburse-     Expense
 Portfolio Name                      Fees(5)   Fees(6)   Expenses (7)     lios)(8)     tions)     ments(9)    Limitations)
- ---------------------------------------------------------------------------------------------------------------------------
                                                                                          
 AXA Premier VIP Trust:
- ---------------------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation             0.10%      0.25%     0.18%         0.91%         1.44%      (0.18)%      1.26%
AXA Conservative Allocation           0.10%      0.25%     0.22%         0.67%         1.24%      (0.22)%      1.02%
AXA Conservative-Plus Allocation      0.10%      0.25%     0.18%         0.72%         1.25%      (0.18)%      1.07%
AXA Moderate Allocation               0.10%      0.25%     0.17%         0.78%         1.30%      (0.17)%      1.13%
AXA Moderate-Plus Allocation          0.10%      0.25%     0.17%         0.85%         1.37%      (0.17)%      1.20%
- ---------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- ---------------------------------------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding
  Strategy*                           0.05%      0.25%     0.21%       1.07%         1.58%      (0.11)%      1.47%
EQ/Money Market                       0.33%      0.25%     0.14%         --          0.72%         --        0.72%
- ---------------------------------------------------------------------------------------------------------------------------




*    This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.


Notes:


(1)  Deducted upon a withdrawal of amounts in excess of the 10% free withdrawal
     amount, if applicable:


                                                                                        
     The withdrawal charge percentage we use is determined by the contract year in         Contract
     which you make the withdrawal or surrender your contract. For each contribution,      Year
     we consider the contract year in which we receive that contribution to be "contract   1 ............ 7.00%
     year 1")                                                                              2 ............ 7.00%
                                                                                           3 ............ 6.00%
                                                                                           4 ............ 6.00%
                                                                                           5 ............ 5.00%
                                                                                           6 ............ 3.00%
                                                                                           7 ............ 1.00%
                                                                                           8+ ........... 0.00%


(2)  If the contract is surrendered or annuitized or a death benefit is paid on
     any date other than the contract date anniversary, we will deduct a pro
     rata portion of the charge for that year.

(3)  During the first two contract years this charge, if applicable, is equal to
     the lesser of $30 or 2% of your account value. Thereafter, the charge, if
     applicable, is $30 for each contract year.


(4)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.


(5)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's shareholders. See footnote (9) for any expense
     limitation agreement information.


12 Fee table



(6)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940.


(7)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (9) for any expense limitation agreement
     information.

(8)  Each of these variable investment options invests in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(9)  The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures, expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreement provided
     that the Portfolio's current annual operating expenses do not exceed the
     operating expense limit determined for such Portfolio. See the prospectus
     for each applicable underlying Trust for more information about the
     arrangements.



EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses, and underlying trust fees and expenses (including the
underlying portfolio fees and expenses).


The example below shows the expenses that a hypothetical contract owner (who
has elected the enhanced death benefit that provides for the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 with the Guaranteed minimum
income benefit) would pay in the situations illustrated. The example uses an
average annual administrative charge based on the charges paid in 2006 on a
similar contract, which results in an estimated administrative charge of .014%
of contract value.


The example assumes that you invest $10,000 in the contract for the time
periods indicated, and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:





- -----------------------------------------------------------------------------------------------
                                              If you surrender your contract at the
                                                end of the applicable time period
- -----------------------------------------------------------------------------------------------
 Portfolio Name                         1 year        3 years        5 years        10 years
- -----------------------------------------------------------------------------------------------
                                                                    
 AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------
AXA Conservative Allocation        $ 1,090.00     $ 1,804.00     $ 2,565.00     $ 4,444.00
AXA Conservative-Plus Allocation   $ 1,091.00     $ 1,807.00     $ 2,570.00     $ 4,454.00
AXA Moderate Allocation            $ 1,096.00     $ 1,823.00     $ 2,595.00     $ 4,502.00
AXA Moderate-Plus Allocation       $ 1,104.00     $ 1,844.00     $ 2,631.00     $ 4,569.00
AXA Aggressive Allocation          $ 1,111.00     $ 1,866.00     $ 2,666.00     $ 4,635.00
- -----------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding
 Strategy*                         $ 1,126.00     $ 1,909.00     $ 2,737.00     $ 4,766.00
EQ/Money Market                    $ 1,036.00     $ 1,642.00     $ 2,298.00     $ 3,930.00
- -----------------------------------------------------------------------------------------------



- --------------------------------------------------------------------------------------------
                                             If you annuitize at the end of the
                                            applicable time period and select a
                                             non-life contingent period certain
                                          annuity option with less than five years
- --------------------------------------------------------------------------------------------
 Portfolio Name                      1 year      3 years        5 years        10 years
- --------------------------------------------------------------------------------------------
                                                               
 AXA PREMIER VIP TRUST:
- --------------------------------------------------------------------------------------------
AXA Conservative Allocation          N/A     $ 1,804.00     $ 2,565.00     $ 4,444.00
AXA Conservative-Plus Allocation     N/A     $ 1,807.00     $ 2,570.00     $ 4,454.00
AXA Moderate Allocation              N/A     $ 1,823.00     $ 2,595.00     $ 4,502.00
AXA Moderate-Plus Allocation         N/A     $ 1,844.00     $ 2,631.00     $ 4,569.00
AXA Aggressive Allocation            N/A     $ 1,866.00     $ 2,666.00     $ 4,635.00
- --------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding
 Strategy*                           N/A     $ 1,909.00     $ 2,737.00     $ 4,766.00
EQ/Money Market                      N/A     $ 1,642.00     $ 2,298.00     $ 3,930.00
- --------------------------------------------------------------------------------------------



- --------------------------------------------------------------------------------------------
                                    If you do not surrender your contract at
                                   the end of the applicable time period
- --------------------------------------------------------------------------------------------
 Portfolio Name                        1 year       3 years      5 years        10 years
                                                                
 AXA PREMIER VIP TRUST:
- --------------------------------------------------------------------------------------------
AXA Conservative Allocation        $ 390.00     $ 1,204.00   $ 2,065.00     $ 4,444.00
AXA Conservative-Plus Allocation   $ 391.00     $ 1,207.00   $ 2,070.00     $ 4,454.00
AXA Moderate Allocation            $ 396.00     $ 1,223.00   $ 2,095.00     $ 4,502.00
AXA Moderate-Plus Allocation       $ 404.00     $ 1,244.00   $ 2,131.00     $ 4,569.00
AXA Aggressive Allocation          $ 411.00     $ 1,266.00   $ 2,166.00     $ 4,635.00
- --------------------------------------------------------------------------------------------
 EQ ADVISORS TRUST:
- -------------------------------------------------------------------------------------------
EQ/Franklin Templeton Founding
 Strategy*                         $ 426.00     $ 1,309.00   $ 2,237.00     $ 4,766.00
EQ/Money Market                    $ 336.00     $ 1,042.00   $ 1,798.00     $ 3,930.00
- --------------------------------------------------------------------------------------------




*  This investment option will be available on or about May 29, 2007, subject to
   regulatory approval.



For information on how your contract works under certain hypothetical
circumstances, please see Appendix III at the end of this Prospectus.


CONDENSED FINANCIAL INFORMATION


Since this contract was offered for the first time in March, 2007, and, at that
time, we did not offer any contracts with daily asset charges of 1.15% out of
Separate Account No. 49, there is no applicable condensed financial information
as of December 31, 2006.



                                                                    Fee table 13



1.  Contract features and benefits

- --------------------------------------------------------------------------------

HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT
You may purchase a contract by making payments to us that we call
"contributions." We require a minimum contribution amount for each type of
owner and contract purchased. The following table summarizes our rules
regarding contributions to your contract. Both the owner and annuitant named in
the contract must meet the issue age requirements shown in the table, and
contributions are based on the age of the older of the original owner and
annuitant.

We may refuse to accept any contribution if the sum of all contributions under
all Stylus(SM) contracts with the same owner or annuitant would then total more
than $1,500,000 ($500,000 for owners or annuitants who are ages 81 and older at
contract issue unless you elect GWBL). We may also refuse to accept any
contribution if the sum of all contributions under all AXA Equitable annuity
accumulation contracts with the same owner or annuitant would then total more
than $2,500,000. We may waive these contribution limitations based on certain
criteria, including benefits that have been elected, issue age, the total
amount of contributions, variable investment option allocations and selling
broker-dealer compensation. We reserve the right to limit aggregate
contributions made after the first contract year to 150% of first-year
contributions. We may accept less than the minimum initial contribution under a
contract if an aggregate amount of contracts purchased at the same time by an
individual (including spouse) meets the minimum.

- --------------------------------------------------------------------------------
The "owner" is the person who is the named owner in the contract and, if an
individual, is the measuring life for determining contract benefits. The
"annuitant" is the person who is the measuring life for determining the
contract's maturity date. The annuitant is not necessarily the contract owner.
Where the owner of a contract is non-natural, the annuitant is the measuring
life for determining contract benefits.
- --------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                Available
               for owner
               and annuitant    Minimum
 Contract type issue ages      contributions         Source of contributions                Limitations on contributions+
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                               
NQ             0 through 85    o $5,000 (initial)   o After-tax money.                     o No additional contributions may be
                               o $500 (additional)                                           made after attainment of age 86, or if
                               o $100 monthly and   o Paid to us by check or transfer of     later, the first contract date
                                 $300 quarterly       contract value in a tax-deferred       anniversary.*
                                 under our auto-      exchange under Section 1035 of the
                                 matic investment     Internal Revenue Code.
                                 program (addi-
                                 tional)
- ------------------------------------------------------------------------------------------------------------------------------------
Rollover IRA   20 through 85   o $5,000 (initial)   o Eligible rollover distributions from o No additional contributions may be
                               o $50 (additional)     TSA contracts or other 403(b)          made after attainment of age 86, or,
                                                      arrangements, qualified plans, and     if later, the first contract date
                                                      governmental employer 457(b) plans.    anniversary.*

                                                    o Rollovers from another traditional   o Contributions after age 70-1/2 must be
                                                      individual retirement arrangement.     net of required minimum distributions.

                                                    o Direct custodian-to-custodian trans- o Although we accept regular IRA con-
                                                      fers from another traditional          tributions (limited to $4,000 for 2007
                                                      individual retirement arrangement.     and $5,000 for 2008) under Rollover
                                                                                             IRA contracts, we intend that this
                                                    o Regular IRA contributions.             contract be used primarily for rollover
                                                                                             and direct transfer contributions.
                                                    o Additional "catch-up"
                                                      contributions.                       o Additional catch-up contributions of
                                                                                             up to $1,000 per calendar year where
                                                                                             the owner is at least age 50 but under
                                                                                             age 70-1/2 at any time during the cal-
                                                                                             endar year for which the contribution
                                                                                             is made.
- ------------------------------------------------------------------------------------------------------------------------------------


14 Contract features and benefits







- --------------------------------------------------------------------------------
                  Available
                 for owner
                 and annuitant    Minimum
 Contract type   issue ages      contributions
- --------------------------------------------------------------------------------
                           
Roth IRA         20 through 85   o $5,000 (initial)
                                 o $50 (additional)
- --------------------------------------------------------------------------------
QP               20 through 75   o $5,000 (initial)
                                 o $500 (additional)
- --------------------------------------------------------------------------------
See Appendix I at the end of this Prospectus for a discussion of
purchase considerations of QP contracts.



- -----------------------------------------------------------------------------------------------------
 Contract type    Source of contributions                    Limitations on contributions+
- -----------------------------------------------------------------------------------------------------
                                                      
Roth IRA         o Rollovers from another Roth IRA.         o No additional contributions may be
                                                              made after attainment of age 86, or, if
                 o Rollovers from a "designated Roth          later, the first contract date
                   contribution account" under a 401(k)       anniversary.*
                   plan or 403(b) arrangement.
                                                            o Conversion rollovers after age 70-1/2
                 o Conversion rollovers from a tradi-         must be net of required minimum
                   tional IRA.                                distributions for the traditional IRA
                                                              you are rolling over.
                 o Direct transfers from another Roth
                   IRA.                                     o You cannot roll over funds from a
                                                              traditional IRA if your adjusted gross
                 o Regular Roth IRA contributions.            income is $100,000 or more.

                 o Additional catch-up contributions.       o Although we accept regular Roth IRA
                                                              contributions (limited to $4,000 for
                                                              2007 and $5,000 for 2008) under
                                                              Roth IRA contracts, we intend that this
                                                              contract be used primarily for rollover
                                                              and direct transfer contributions.

                                                            o Additional catch-up contributions of
                                                              up to $1,000 per calendar year where
                                                              the owner is at least age 50 at any
                                                              time during the calendar year for
                                                              which the contribution is made.
- -----------------------------------------------------------------------------------------------------
QP               o Only transfer contributions from other   o A separate QP contract must be estab-
                   investments within an existing             lished for each plan participant.
                   defined contribution qualified plan
                   trust.                                   o We do not accept regular ongoing
                                                              payroll contributions or contributions
                 o The plan must be qualified under           directly from the employer.
                   Section 401(a) of the Internal Rev-
                   enue Code.                               o Only one additional transfer contribu-
                                                              tion may be made during a contract
                 o For 401(k) plans, transferred contri-      year.
                   butions may not include any after-tax
                   contributions, including designated      o No additional transfer contributions
                   Roth contributions.                        after participant's attainment of age
                                                              76 or, if later, the first contract date
                                                              anniversary.

                                                            o Contributions after age 70-1/2 must be
                                                              net of any required minimum
                                                              distributions.

                                                            o We do not accept contributions from
                                                              defined benefit plans.
See Appendix I at the end of this Prospectus for a discussion of purchase considerations of QP
contracts.
- -----------------------------------------------------------------------------------------------------


                                               Contract features and benefits 15






- --------------------------------------------------------------------------------
                    Available
                   for owner
                   and annuitant    Minimum
 Contract type     issue ages      contributions
- --------------------------------------------------------------------------------
                             
Flexible Premium   20 through 70   o $4,000 (initial)
IRA
                                   o $50 (additional)

                                   o $50 monthly or
                                     quarterly under our
                                     automatic invest-
                                     ment program
                                     (additional)
- --------------------------------------------------------------------------------
Flexible Premium   20 through 85   o $4,000 (initial)
Roth IRA
                                   o $50 (additional)

                                   o $50 monthly or
                                     quarterly under our
                                     automatic invest-
                                     ment program
                                     (additional)
- --------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------------------
 Contract type      Source of contributions                    Limitations on contributions+
- -----------------------------------------------------------------------------------------------------------
                                                        
Flexible Premium   o Regular traditional IRA contributions.   o No regular IRA contributions in the
IRA                                                             calendar year you turn age 70-1/2 and
                   o Additional catch-up contributions.         thereafter.

                   o Eligible rollover distributions from     o Rollover and direct transfer contribu-
                     TSA contracts or other 403(b)              tions may be made up to attainment
                     arrangements, qualified plans, and         of age 86.*
                     governmental employer 457(b) plans.
                                                              o Regular contributions may not exceed
                   o Rollovers from another traditional         $4,000 for 2007 and $5,000 for
                     individual retirement arrangement.         2008.

                   o Direct custodian-to-custodian            o Rollover and direct transfer contribu-
                     transfers from another                     tions after age 70-1/2 must be net of
                     traditional individual retirement          required minimum distributions.
                     arrangement.
                                                              o Although we accept rollover and
                                                                direct transfer contributions under the
                                                                Flexible Premium IRA contract, we
                                                                intend that this contract be used for
                                                                ongoing regular contributions.

                                                              o Additional catch-up contributions of
                                                                up to $1,000 per calendar year where
                                                                the owner is at least age 50 but under
                                                                age 70-1/2 at any time during the cal-
                                                                endar year for which the contribution
                                                                is made.
- -----------------------------------------------------------------------------------------------------------
Flexible Premium   o Regular after-tax contributions.         o No additional contributions may be
Roth IRA                                                        made after the attainment of age 86,
                   o Additional catch-up contributions.         or, if later, the first contract date
                                                                anniversary.*
                   o Rollovers from another Roth IRA.
                                                              o Regular Roth IRA contributions may
                   o Rollovers from a "designated Roth          not exceed $4,000 for 2007 and
                     contribution account" under a 401(k)       $5,000 for 2008.
                     plan or 403(b) arrangement.
                                                              o Contributions are subject to income
                   o Conversion rollovers from a tradi-         limits and other tax rules.
                     tional IRA.
                                                              o Although we accept rollover and
                   o Direct transfers from another Roth         direct transfer contributions under the
                     IRA.                                       Flexible Premium Roth IRA contract,
                                                                we intend that this contract be used
                                                                for ongoing regular Roth IRA
                                                                contributions.
                                                              o Additional catch-up contributions of
                                                                up to $1,000 per calendar year where
                                                                the owner is at least age 50 at any
                                                                time during the calendar year for
                                                                which the contribution is made.
- -----------------------------------------------------------------------------------------------------------


16 Contract features and benefits






- -----------------------------------------------------------------------
                    Available
                   for owner
                   and annuitant    Minimum
 Contract type     issue ages      contributions
- -----------------------------------------------------------------------
                             
Inherited IRA      0 through 70    o $5,000 (initial)
Beneficiary
Continuation                       o $1,000 (additional)
Contract (tradi-
tional IRA or
Roth IRA)
- -----------------------------------------------------------------------



- ----------------------------------------------------------------------------------------------------------
 Contract type      Source of contributions                   Limitations on contributions+
- ----------------------------------------------------------------------------------------------------------
                                                       
Inherited IRA      o Direct custodian-to-custodian trans-    o Any additional contributions must be
Beneficiary          fers of your interest as a death          from the same type of IRA of the
Continuation         beneficiary of the deceased owner's       same deceased owner.
Contract (tradi-     traditional individual retirement
tional IRA or        arrangement or Roth IRA to an IRA of    o Non-spousal beneficiary direct rollover
Roth IRA)            the same type.                            contributions from qualified plans,
                                                               403(b) arrangements and governmen-
                                                               tal employer 457(b) plans may be
                                                               made to a traditional Inherited IRA
                                                               contract under specified circum-
                                                               stances.
- ----------------------------------------------------------------------------------------------------------


+    Additional contributions may not be permitted under certain conditions in
     your state. Please see Appendix IV later in the Prospectus to see if
     additional contributions are permitted in your state. For the Guaranteed
     withdrawal benefit for life option, additional contributions are not
     permitted after the later of: (i) the end of the first contract year, and
     (ii) the date you make your first withdrawal.


*    Please see Appendix IV later in this Prospectus for state variations.

See "Tax information" later in this Prospectus for a more detailed discussion
of sources of contributions and certain contribution limitations. For
information on when contributions are credited under your contract see "Dates
and prices at which contract events occur" in "More information" later in this
Prospectus.


                                               Contract features and benefits 17



OWNER AND ANNUITANT REQUIREMENTS

Under NQ contracts, the annuitant can be different from the owner. A joint
owner may also be named. Only natural persons can be joint owners. This means
that an entity such as a corporation cannot be a joint owner. In general, we
will not permit a contract to be owned by a minor unless it is pursuant to the
Uniform Gift to Minors Act or the Uniform Transfers to Minors Act in your
state. For the Spousal continuation feature to apply, the spouses must either
be joint owners, or, for Single life contracts, the surviving spouse must be
the sole primary beneficiary. If you elect the GWBL on a Joint life basis, a
successor owner must be named at contract issue. The successor owner must be
the owner's spouse.

If you are purchasing this contract to fund a charitable remainder trust and
elect either the Guaranteed minimum income benefit ("GMIB") or the Guaranteed
withdrawal benefit for life ("GWBL"), or an enhanced death benefit, you should
strongly consider "split-funding": that is the trust holds investments in
addition to this Stylus(SM) contract. Charitable remainder trusts are required
to take specific distributions. The charitable remainder trust annual withdrawal
requirement may be equal to a percentage of the donated amount or a percentage
of the current value of the donated amount. If your Stylus(SM) contract is the
only source for such distributions, the payments you need to take may
significantly reduce the value of those guaranteed benefits. Such amount may be
greater than the annual increase in the GMIB, GWBL and/or the enhanced death
benefit base and/or greater than the Guaranteed annual withdrawal amount under
GWBL. See the discussion of these benefits later in this section.

Under all IRA contracts, the owner and annuitant must be the same person. In
some cases, an IRA contract may be held in a custodial individual retirement
account for the benefit of the individual annuitant. This option may not be
available under your contract. See "Inherited IRA beneficiary continuation
contract" later in this section for Inherited IRA owner and annuitant
requirements.

Under QP contracts, the owner must be the trustee of the qualified plan and the
annuitant must be the plan participant/employee. See Appendix I at the end of
this Prospectus for more information on QP contracts.

Certain benefits under your contract, as described later in this Prospectus,
are based on the age of the owner. If the owner of the contract is not a
natural person, these benefits will be based on the age of the annuitant. We do
not permit joint annuitants unless you elect the Guaranteed withdrawal benefit
for life on a Joint life basis, and the contract is owned by a non-natural
owner. The annuitant and joint annuitant must be spouses. Under QP contracts,
all benefits are based on the age of the annuitant.


HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank, in
U.S. dollars, and made payable to AXA Equitable. We may also apply
contributions made pursuant to a Section 1035 tax-free exchange or a direct
transfer. We do not accept third-party checks endorsed to us except for
rollover contributions, tax-free exchanges or trustee checks that involve no
refund. All checks are subject to our ability to collect the funds. We reserve
the right to reject a payment if it is received in an unacceptable form.

For your convenience, we will accept initial and additional contributions by
wire transmittal from certain broker-dealers who have agreements with us for
this purpose. Under some circumstances, such contributions are considered
received by us when your order is taken by such broker-dealers. Additional
contributions may also be made under our automatic investment program. These
methods of payment are discussed in detail in "More information" later in this
Prospectus.


- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example, if your contract date is May 1, your contract date anniversary is
April 30.
- --------------------------------------------------------------------------------

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will hold the contribution, whether received via check or wire,
in a non-interest bearing suspense account while we try to obtain this
information. If we are unable to obtain all of the information we require
within five business days after we receive an incomplete application or form,
we will inform the financial professional submitting the application on your
behalf. We will then return the contribution to you unless you specifically
direct us to keep your contribution until we receive the required information.

- --------------------------------------------------------------------------------
Our "business day" is generally any day the New York Stock Exchange is open for
trading and generally ends at 4:00 p.m. Eastern Time. A business day does not
include a day we choose not to open due to emergency conditions. We may also
close early due to emergency conditions.
- --------------------------------------------------------------------------------

WHAT ARE YOUR INVESTMENT OPTIONS UNDER THE CONTRACT?

You can choose from among the variable investment options. Your investment
results in any one of the variable investment options will depend on the
investment performance of the underlying portfolios. You can lose your
principal when investing in the variable investment options. In periods of poor
market performance, the net return, after charges and expenses, may result in
negative yields, including for the EQ/Money Market variable investment option.
Listed below are the currently available portfolios, their investment
objectives and their advisers.



18  Contract features and benefits



PORTFOLIOS OF THE TRUSTS

You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain funds that are purchased directly
rather than under a variable insurance product such as the Stylus(SM) contract.
These portfolios may even have the same manager(s) and/or a similar name.
However, there are numerous factors that can contribute to differences in
performance between two investments, particularly over short periods of time.
Such factors may include fees and expenses; the timing of stock purchases and
sales; differences in fund cash flows; and specific strategies employed by the
portfolio manager.


The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Equitable may
promote the benefits of such portfolios to contract owners and/or suggest,
incidental to the sale of this contract, that contract owners consider whether
allocating some or all of their account value to such portfolios is consistent
with their desired investment objectives. In doing so, AXA Equitable may be
subject to conflicts of interest insofar as AXA Equitable may derive greater
revenues from the AXA Allocation Portfolios than certain other portfolios
available to you under your contract. In addition, the AXA Allocation
Portfolios may enable AXA Equitable to more efficiently manage AXA Equitable's
financial risks associated with certain guaranteed features including those
optional benefits that restrict allocations to the AXA Allocation Portfolios.
Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolio(s), AXA Equitable has
entered into sub-advisory agreements with investment advisers (the
"sub-advisers") to carry out the day-to-day investment decisions for the
Portfolios. As such, AXA Equitable oversees the activities of the sub-advisers
with respect to the Trusts and is responsible for retaining or discontinuing
the services of those sub-advisers. The chart below indicates the
sub-adviser(s) for each portfolio.





- ------------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                         Investment Manager
Portfolio Name                 Objective                                                  (or Sub-Adviser(s), as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                    
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily seeks  o AXA Equitable
 FOUNDING STRATEGY(*)         income.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/MONEY MARKET               Seeks to obtain a high level of current income, preserve    o The Dreyfus Corporation
                              its assets and maintain liquidity.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust
Portfolio Name                 Objective                                                   Investment Manager
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.                       o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a          o AXA Equitable
 ALLOCATION                   greater emphasis on current income.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.    o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,    o AXA Equitable
 ALLOCATION                   with a greater emphasis on capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.                       o AXA Equitable
- ------------------------------------------------------------------------------------------------------------------------------------




(*) This investment option will be available on or about May 29, 2007, subject
    to regulatory approval.



You should consider the investment objective, risks, and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the
Portfolios, which are attached to this prospectus, contain this and other
important information about the Portfolios. The prospectuses should be read
carefully before investing.


                                               Contract features and benefits 19



ALLOCATING YOUR CONTRIBUTIONS

You may choose between self-directed and dollar cost averaging to allocate your
contributions under your contract. Subsequent contributions are allocated
according to instructions on file unless you provide new instructions.


The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. Your financial professional is a registered
representative with an unaffiliated broker-dealer. You should speak with
him/her regarding any different arrangements that may apply.



SELF-DIRECTED ALLOCATION

You may allocate your contributions to one or more of the variable investment
options. Allocations must be in whole percentages and you may change your
allocations at any time. The total of your allocations into all available
variable investment options must equal 100%.


DOLLAR COST AVERAGING

We offer two dollar cost averaging programs. You may only participate in one
program at a time. Each program allows you to gradually allocate amounts to
available variable investment options by periodically transferring
approximately the same dollar amount to the investment options you select.
Regular allocations to the variable investment options will cause you to
purchase more units if the unit value is low and fewer units if the unit value
is high. Therefore, you may get a lower average cost per unit over the long
term. These plans of investing, however, do not guarantee that you will earn a
profit or be protected against losses.

- --------------------------------------------------------------------------------
Units measure your value in each variable investment option.
- --------------------------------------------------------------------------------

12-MONTH DOLLAR COST AVERAGING PROGRAM. You may dollar cost average from the
12-month dollar cost averaging option (which is part of the EQ/Money Market
option) into any of the other variable investment options. You may elect to
participate in the 12-month dollar cost averaging program at any time subject to
the age limitation on contributions described earlier in this Prospectus.
Contributions into the account for 12-month dollar cost averaging may not be
transfers from other variable investment options. You must allocate your entire
initial contribution into the 12-month dollar cost averaging option if you are
selecting the 12-month dollar cost averaging program at application to purchase
a Stylus(SM) contract; thereafter, initial allocations to any new 12-month
dollar cost averaging program time period must be at least $2,000 and any
subsequent contribution to that same time period must be at least $250. You may
only have one time period in effect at any time. We will transfer your value in
the 12-month dollar cost averaging option into the other variable investment
options that you select over the next 12-months or such other period we may
offer. Once the time period then in effect has run, you may then select to
participate in the dollar cost averaging program for an additional time period.
At that time, you may also select a different allocation for transfers to the
variable investment options, or, if you wish, we will continue to use the
selection that you have previously made.

Currently, the transfer date will be the same day of the month as the contract
date, but not later than the 28th. For a 12-month dollar cost averaging program
selected after application, the first transfer date and each subsequent
transfer date for the time period selected will be one month from the date the
first contribution is made into the 12-month dollar cost averaging program, but
not later than the 28th of the month. All amounts will be transferred out by
the end of the time period then in effect.

The only amounts that should be transferred from the 12-month dollar cost
averaging option are your regularly scheduled transfers to the other variable
investment options. If you request to transfer or withdraw any other amounts
from the 12-month dollar cost averaging option, we will transfer all of the
value that you have remaining in the 12-month dollar cost averaging option to
the variable investment options according to the allocation percentages we have
on file for you. You may ask us to cancel your participation at any time.

If you elect the Guaranteed withdrawal benefit for life, the 12-month dollar
cost averaging program is not available.

GENERAL DOLLAR COST AVERAGING PROGRAM. If your value in the EQ/Money Market
option is at least $5,000, you may choose, at any time, to have a specified
dollar amount or percentage of your value transferred from that option to the
other variable investment options. You can select to have transfers made on a
monthly, quarterly or annual basis. The transfer date will be the same calendar
day of the month as the contract date, but not later than the 28th day of the
month. You can also specify the number of transfers or instruct us to continue
making the transfers until all amounts in the EQ/Money Market option have been
transferred out. The minimum amount that we will transfer each time is $250.

If, on any transfer date, your value in the EQ/Money Market option is equal to
or less than the amount you have elected to have transferred, the entire amount
will be transferred. The general dollar cost averaging program will then end.
You may change the transfer amount once each contract year or cancel this
program at any time.

                      ----------------------------------

You may not participate in either dollar cost averaging program if you are
participating in the rebalancing program. See "Transferring your money among
investment options" later in this Prospectus. You may participate in only one
dollar cost averaging program at a time. For information on how the dollar cost
averaging program you select may affect certain guaranteed benefits see
"Guaranteed minimum death benefit and Guaranteed minimum income benefit base"
immediately below.


GUARANTEED MINIMUM DEATH BENEFIT AND GUARANTEED MINIMUM INCOME BENEFIT BASE

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


20  Contract features and benefits




The Guaranteed minimum death benefit base and Guaranteed minimum income benefit
base (hereinafter, in this section called your "benefit base") are used to
calculate the Guaranteed minimum income benefit and the death benefits, as
described in this section. The benefit base for the Guaranteed minimum income
benefit and an enhanced death benefit will be calculated as described below in
this section whether these options are elected individually or in combination.
Your benefit base is not an account value or a cash value. See also "Guaranteed
minimum income benefit option" and "Guaranteed minimum death benefit" below.


STANDARD DEATH BENEFIT. Your benefit base is equal to:

o  your initial contribution and any additional contributions to the contract;
   less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit and Guaranteed
   minimum death benefit" in "Accessing your money" later in this Prospectus.
   The amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.



6% ROLL-UP TO AGE 85 (USED FOR THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL
RATCHET TO AGE 85 ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME
BENEFIT). Your benefit base is equal to:


o  your initial contribution and any additional contributions to the contract;
   plus

o  daily roll-up; less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of this deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit and Guaranteed
   minimum death benefit" in "Accessing your money" later in this Prospectus.
   The amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.

The effective annual roll-up rate credited to the benefit base is:

o  6% with respect to the variable investment options (other than EQ/Money
   Market), and monies allocated to the 12-month dollar cost averaging program;
   and

o  3% with respect to the EQ/Money Market.

The benefit base stops rolling up after the contract date anniversary following
the owner's (or older joint owner's, if applicable) 85th birthday. For
contracts with non-natural owners, the benefit base stops rolling up after the
contract date anniversary following the annuitant's 85th birthday.



ANNUAL RATCHET TO AGE 85 (USED FOR THE ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85
ENHANCED DEATH BENEFIT AND FOR THE GUARANTEED MINIMUM INCOME BENEFIT). Your
benefit base is equal to the greater of either:


o  your initial contribution to the contract (plus any additional
   contributions),

                                       or

o  your highest account value on any contract date anniversary up to the
   contract date anniversary following the owner's (or older joint owner's, if
   applicable) 85th birthday, plus any contributions made since the most recent
   Annual Ratchet,

                                      less

o  a deduction that reflects any withdrawals you make (including any applicable
   withdrawal charges). The amount of the deduction is described under "How
   withdrawals affect your Guaranteed minimum income benefit and Guaranteed
   minimum death benefit" in "Accessing your money" later in this Prospectus.
   The amount of any withdrawal charge is described under "Withdrawal charge" in
   "Charges and expenses" later in the Prospectus.

For contracts with non-natural owners, the last contract date anniversary on
which an Annual Ratchet could occur is based on the annuitant's age.



GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85 ENHANCED DEATH
BENEFIT AND THE GUARANTEED MINIMUM INCOME BENEFIT. Your benefit base is equal
to the greater of the benefit base computed for the 6% Roll-Up to age 85 or the
benefit base computed for the Annual Ratchet to age 85, as described
immediately above, on each contract date anniversary. For the Guaranteed
minimum income benefit, the benefit base is reduced by any applicable
withdrawal charge remaining when the option is exercised. For more information,
see "Withdrawal charge" in "Charges and expenses" later in the Prospectus.



GUARANTEED MINIMUM DEATH BENEFIT/GUARANTEED MINIMUM INCOME BENEFIT ROLL-UP
BENEFIT BASE RESET.  If both the Guaranteed minimum income benefit AND the
Greater of the 6% Roll-Up to age 85 or the Annual Ratchet to age 85 enhanced
death benefit (the "Greater of enhanced death benefit") are elected, you may
reset the Roll-Up benefit base for these guaranteed benefits to equal the
account value on any contract date anniversary until age 75. The reset amount
would equal the account value as of the contract date anniversary on which you
reset your Roll-Up benefit base. The 6% Roll-Up continues to age 85 on any
reset benefit base.

We will send you a notice in each year that the Roll-Up benefit base is
eligible to be reset, and you will have 30 days from your contract date
anniversary to reset your Roll-Up benefit base. Each time you reset the Roll-Up
benefit base, your Roll-Up benefit base will not be eligible for another reset
until the next contract date anniversary. If after your death your spouse
continues this contract, the benefit base will be eligible to be reset on each
contract date anniversary, if applicable. The last age at which the benefit
base is eligible to be reset is owner (or older joint owner, if applicable) age
75. For contracts with non-natural owners, reset eligibility is based on the
annuitant's age.

It is important to note that once you have reset your Roll-Up benefit base, a
new waiting period to exercise the Guaranteed minimum income benefit will apply
from the date of reset: you may not exercise until the tenth contract date
anniversary following the reset or, if later,


                                              Contract features and benefits  21




the earliest date you would have been permitted to exercise without regard to
the reset. See "Exercise rules" under "Guaranteed minimum income benefit
option" below for more information. Please note that in almost all cases,
resetting your Roll-Up benefit base will lengthen the exercise waiting period.
Also, even when there is no additional charge when you reset your Roll-Up
benefit base, the total dollar amount charged on future contract date
anniversaries may increase as a result of the reset since the charges may be
applied to a higher benefit base than would have been otherwise applied. See
"Charges and expenses" in the Prospectus.

If you are a traditional IRA or QP contract owner, before you reset your
Roll-Up benefit base, please consider the effect of the 10-year exercise
waiting period on your requirement to take lifetime required minimum
distributions with respect to this contract. If you must begin taking lifetime
required minimum distributions during the 10-year waiting period, you may want
to consider taking the annual lifetime required minimum distribution calculated
for this contract from another traditional IRA or QP contract that you
maintain. If you withdraw the lifetime required minimum distribution from this
contract, and the required minimum distribution is more than 6% of the reset
benefit base, the withdrawal would cause a pro-rata reduction in the benefit
base. Alternatively, resetting the benefit base to a larger amount would make
it less likely that the required minimum distributions would exceed the 6%
threshold. See "Lifetime required minimum distribution withdrawals" in
"Accessing your money" later in this Prospectus.


The Roll-Up benefit base for both the Greater of enhanced death benefit and the
Guaranteed minimum income benefit are reset simultaneously when you request a
Roll-Up benefit base reset. You cannot elect a Roll-Up benefit base reset for
one benefit and not the other.


ANNUITY PURCHASE FACTORS

Annuity purchase factors are the factors applied to determine your periodic
payments under the Guaranteed minimum income benefit and annuity payout
options. The Guaranteed minimum income benefit is discussed under "Guaranteed
minimum income benefit option" below and annuity payout options are discussed
under "Your annuity payout options" in "Accessing your money" later in this
Prospectus. Annuity purchase factors are based on interest rates, mortality
tables, frequency of payments, the form of annuity benefit, and the owner's
(and any joint owner's) age and sex in certain instances. Your contract
specifies different guaranteed annuity purchase factors for the Guaranteed
minimum income benefit and the annuity payout options. We may provide more
favorable current annuity purchase factors for the annuity payout options but
we will always use the guaranteed purchase factors to determine your periodic
payments under the Guaranteed minimum income benefit.



GUARANTEED MINIMUM INCOME BENEFIT


The Guaranteed minimum income benefit is available if the owner is age 20
through 75 at the time the contract is issued. If the contract is jointly
owned, the guaranteed minimum income benefit will be calculated on the basis of
the older owner's age. There is an additional charge for the Guaranteed minimum
income benefit which is described under "Guaranteed minimum income benefit
charge" in "Charges and expenses" later in this Prospectus. Once you purchase
the Guaranteed minimum income benefit, you may not voluntarily terminate this
benefit.

If you are purchasing this contract as an Inherited IRA or if you elect the
Guaranteed withdrawal benefit for life, the Guaranteed minimum income benefit
is not available. If you are purchasing this contract to fund a Charitable
Remainder Trust, the Guaranteed minimum income benefit is not available, except
for certain split-funded Charitable Remainder Trusts. If the owner was older
than age 60 at the time an IRA or QP contract was issued, the Guaranteed
minimum income benefit may not be an appropriate feature because the minimum
distributions required by tax law generally must begin before the Guaranteed
minimum income benefit can be exercised.

If you elect the Guaranteed minimum income benefit option and change ownership
of the contract, this benefit will automatically terminate, except under
certain circumstances. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information," later in this Prospectus for more
information.

The Guaranteed minimum income benefit guarantees you a minimum amount of fixed
income under your choice of a life annuity fixed payout option or a life with a
period certain payout option. You choose which of these payout options you want
and whether you want the option to be paid on a single or joint life basis at
the time you exercise your Guaranteed minimum income benefit. The maximum
period certain available under the life with a period certain payout option is
10 years. This period may be shorter, depending on the owner's age, as follows:




- ------------------------------------------------
                 Level payments
- ------------------------------------------------
                        Period certain years
      Owner's        ---------------------------
  age at exercise          IRAs         NQ
- ------------------------------------------------
                                 
   75 and younger          10          10
         76                 9          10
         77                 8          10
         78                 7          10
         79                 7          10
         80                 7          10
         81                 7           9
         82                 7           8
         83                 7           7
         84                 6           6
         85                 5           5
- ------------------------------------------------


We may also make other forms of payout options available. For a description of
payout options, see "Your annuity payout options" in "Accessing your money"
later in this Prospectus.

- --------------------------------------------------------------------------------
The Guaranteed minimum income benefit should be regarded as a safety net only.
- --------------------------------------------------------------------------------

When you exercise the Guaranteed minimum income benefit, the annual lifetime
income that you will receive will be the greater of (i)


22  Contract features and benefits




your Guaranteed minimum income benefit which is calculated by applying your
Guaranteed minimum income benefit base, less any applicable withdrawal charge
remaining, to guaranteed annuity purchase factors, or (ii) the income provided
by applying your account value to our then current annuity purchase factors.
You may also elect to receive monthly or quarterly payments as an alternative.
The payments will be less than 1/12 or 1/4 of the annual payments,
respectively, due to the effect of interest compounding. The benefit base is
applied only to the guaranteed annuity purchase factors under the Guaranteed
minimum income benefit in your contract and not to any other guaranteed or
current annuity purchase rates. The amount of income you actually receive will
be determined when we receive your request to exercise the benefit.


When you elect to receive annual lifetime income, your contract will terminate
and you will receive a new contract for the annuity payout option. For a
discussion of when your payments will begin and end, see "Exercise of
Guaranteed minimum income benefit" below.

Before you elect the Guaranteed minimum income benefit you should consider the
fact that it provides a form of insurance and is based on conservative
actuarial factors. The guaranteed annuity purchase factors we use to determine
your payout annuity benefit under the Guaranteed minimum income benefit are
more conservative than the guaranteed annuity purchase factors we use for our
standard payout annuity options. This means that, assuming the same amount is
applied to purchase the benefit and that we use guaranteed annuity purchase
factors to compute the benefit, each periodic payment under the Guaranteed
minimum income benefit payout annuity will be smaller than each periodic
payment under our standard payout annuity options. Therefore, even if your
account value is less than your benefit base, you may generate more income by
applying your account value to current annuity purchase factors. We will make
this comparison for you when the need arises.


GUARANTEED MINIMUM INCOME BENEFIT "NO LAPSE GUARANTEE".  In general, if your
account value falls to zero (except, as discussed below, if your account value
falls to zero due to a withdrawal that causes your total contract year
withdrawals to exceed 6% of the Roll-Up benefit base as of the beginning of the
contract year), the Guaranteed minimum income benefit will be exercised
automatically, based on the owner's (or older joint owner's, if applicable)
current age and benefit base, as follows:


o  You will be issued a supplementary contract based on a single life with a
   maximum 10 year period certain. Payments will be made annually starting one
   year from the date the account value fell to zero.

o  You will have 30 days from when we notify you to change the payout option
   and/or the payment frequency.

The no lapse guarantee will terminate under the following circumstances:

o  If your account value falls to zero due to a withdrawal that causes your
   total contract year withdrawals to exceed 6% of the Roll-Up benefit base (as
   of the beginning of the contract year);

o  If your aggregate withdrawals during any contract year exceed 6% of the
   Roll-Up benefit base (as of the beginning of the contract year, or in the
   first contract year all contributions received in the first 90 days);

o  Upon the contract date anniversary following the owner (or older joint owner,
   if applicable) reaching age 85.

Please note that if you participate in our Automatic RMD service, an automatic
withdrawal under that program will not cause the no lapse guarantee to
terminate even if a withdrawal causes your total contract year withdrawals to
exceed 6% of your Roll-Up benefit base.

ILLUSTRATIONS OF GUARANTEED MINIMUM INCOME BENEFIT.  Assuming the 6% Roll-Up to
age 85 benefit base, the table below illustrates the Guaranteed minimum income
benefit amounts per $100,000 of initial contribution, for a male owner age 60
(at issue) on the contract date anniversaries indicated, who has elected the
life annuity fixed payout option, using the guaranteed annuity purchase factors
as of the date of this Prospectus, assuming no additional contributions or
withdrawals, and assuming there were no allocations to the EQ/Money Market.



- ------------------------------------------------------------------------
                                Guaranteed minimum
      Contract date        income benefit -- annual
 anniversary at exercise   income payable for life
- ------------------------------------------------------------------------
                               
            10                    $10,065
            15                    $15,266
- ------------------------------------------------------------------------


EXERCISE OF GUARANTEED MINIMUM INCOME BENEFIT. On each contract date
anniversary that you are eligible to exercise the Guaranteed minimum income
benefit, we will send you an eligibility notice illustrating how much income
could be provided as of the contract date anniversary. You must notify us
within 30 days following the contract date anniversary if you want to exercise
the Guaranteed minimum income benefit. You must return your contract to us,
along with all required information within 30 days following your contract date
anniversary, in order to exercise this benefit. Upon exercise of the Guaranteed
minimum income benefit, the owner (or older joint owner, if applicable) will
become the annuitant, and the contract will be annuitized on the basis of the
annuitant's life. You will begin receiving annual payments one year after the
annuity payout contract is issued. If you choose monthly or quarterly payments,
you will receive your payment one month or one quarter after the annuity payout
contract is issued. You may choose to take a withdrawal prior to exercising the
Guaranteed minimum income benefit, which will reduce your payments. You may not
partially exercise this benefit. See "Accessing your money" under "Withdrawing
your account value" later in this Prospectus. Payments end with the last
payment before the annuitant's (or joint annuitant's, if applicable) death or,
if later, the end of the period certain (where the payout option chosen
includes a period certain).


EXERCISE RULES. Eligibility to exercise the Guaranteed minimum income benefit
is based on the owner's (or older joint owner's, if applicable) age, as
follows:


o  If you were at least age 20 and no older than age 44 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   15th contract date anniversary.


                                              Contract features and benefits  23



o  If you were at least age 45 and no older than age 49 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary after age 60.

o  If you were at least age 50 and no older than age 75 when the contract was
   issued, you are eligible to exercise the Guaranteed minimum income benefit
   within 30 days following each contract date anniversary beginning with the
   10th contract date anniversary.

Please note:

(i)   the latest date you may exercise the Guaranteed minimum income benefit is
      within 30 days following the contract date anniversary following your 85th
      birthday;

(ii)  if you were age 75 when the contract was issued or the Roll-Up benefit
      base was reset, the only time you may exercise the Guaranteed minimum
      income benefit is within 30 days following the contract date anniversary
      following your attainment of age 85;

(iii) for Stylus(SM) QP contracts, the Plan participant can exercise the
      Guaranteed minimum income benefit only if he or she elects to take a
      distribution from the Plan and, in connection with this distribution, the
      Plan's trustee changes the ownership of the contract to the participant.
      This effects a rollover of the Stylus(SM) QP contract into a Stylus(SM)
      Rollover IRA. This process must be completed within the 30-day timeframe
      following the contract date anniversary in order for the Plan participant
      to be eligible to exercise. However, if the Guaranteed minimum income
      benefit is automatically exercised as a result of the no lapse guarantee,
      a rollover into an IRA will not be effected and payments will be made
      directly to the trustee;

(iv)  if you reset the Roll-Up benefit base (as described earlier in this
      section), your new exercise date will be the tenth contract date
      anniversary following the reset or, if later, the earliest date you would
      have been permitted to exercise without regard to the reset. Please note
      that in almost all cases, resetting your Roll-Up benefit base will
      lengthen the waiting period;

(v)   a spouse beneficiary or younger spouse joint owner under Spousal
      continuation may only continue the Guaranteed minimum income benefit if
      the contract is not past the last date on which the original owner could
      have exercised the benefit. In addition, the spouse beneficiary or younger
      spouse joint owner must be eligible to continue the benefit and to
      exercise the benefit under the applicable exercise rule (described in the
      above bullets) using the following additional rules. The spouse
      beneficiary or younger spouse joint owner's age on the date of the owner's
      death replaces the owner's age at issue for purposes of determining the
      availability of the benefit and which of the exercise rules applies. The
      original contract issue date will continue to apply for purposes of the
      exercise rules;

(vi)  if the contract is jointly owned, you can elect to have the Guaranteed
      minimum income benefit paid either: (a) as a joint life benefit or (b) as
      a single life benefit paid on the basis of the older owner's age; and

(vii) if the contract is owned by a trust or other non-natural person,
      eligibility to elect or exercise the Guaranteed minimum income benefit is
      based on the annuitant's age, rather than the owner's.

See "Effect of the owner's death" under "Payment of death benefit" later in
this Prospectus for more information.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit and
Guaranteed minimum death benefit" in "Accessing your money" and the section
entitled "Charges and expenses" later in this Prospectus for more information
on these guaranteed benefits.



GUARANTEED MINIMUM DEATH BENEFIT

This section does not apply if you elect GWBL. For information about the GWBL
death benefits and benefit bases, see "Guaranteed withdrawal benefit for life
("GWBL")" later in this section.


Your contract provides a standard death benefit. If you do not elect one of the
enhanced death benefits described below, the death benefit is equal to your
account value as of the date we receive satisfactory proof of death, any
required instructions for the method of payment, information and forms
necessary to effect payment, OR the standard death benefit, whichever provides
the higher amount. The standard death benefit is equal to your total
contributions, adjusted for withdrawals (and any associated withdrawal
charges). The standard death benefit is the only death benefit available for
owners (or older joint owners, if applicable) ages 76 through 85 at issue. Once
your contract is issued, you may not change or voluntarily terminate your death
benefit.


If you elect one of the enhanced death benefits, the death benefit is equal to
your account value as of the date we receive satisfactory proof of the owner's
(or older joint owner's, if applicable) death, any required instructions for
the method of payment, information and forms necessary to effect payment, or
your elected enhanced death benefit on the date of the owner's (or older joint
owner's, if applicable) death, adjusted for subsequent withdrawals (and
associated withdrawal charges), whichever provides the higher amount. See
"Payment of death benefit" later in this Prospectus for more information.

Any of the enhanced death benefits or the standard death benefit can be elected
by themselves or with the Guaranteed minimum income benefit.

If you elect one of the enhanced death benefit options described below and
change ownership of the contract, generally the benefit will automatically
terminate. If this occurs, any enhanced death benefit elected will be replaced
with the standard death benefit. For contracts with non-natural owners, the
death benefit will be payable upon the


24  Contract features and benefits



death of the annuitant. See "Transfers of ownership, collateral assignments,
loans and borrowing" in "More information" later in this Prospectus for more
information.

OPTIONAL ENHANCED DEATH BENEFIT APPLICABLE FOR OWNER (OR OLDER JOINT OWNER, IF
APPLICABLE) AGES 0 THROUGH 75 AT ISSUE OF NQ CONTRACTS; 20 THROUGH 75 AT ISSUE
OF ROLLOVER IRA, ROTH IRA, AND FLEXIBLE PREMIUM ROTH IRA CONTRACTS; 20 THROUGH
70 AT ISSUE OF FLEXIBLE PREMIUM IRA CONTRACTS; 0 THROUGH 70 AT ISSUE FOR
INHERITED IRA CONTRACTS; AND 20 THROUGH 75 AT ISSUE OF QP CONTRACTS. FOR
CONTRACTS WITH NON-NATURAL OWNERS, THE AVAILABLE DEATH BENEFITS ARE BASED ON
THE ANNUITANT'S AGE.

Subject to state availability (see Appendix IV later in this Prospectus for
state availability of these benefits), you may elect one of the following
enhanced death benefits:

o  Annual Ratchet to age 85.


o  The Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85.


Each enhanced death benefit is equal to its corresponding benefit base
described earlier in "Guaranteed minimum death benefit and Guaranteed minimum
income benefit base." Once you have made your enhanced death benefit election,
you may not change it.

Please see both "Insufficient account value" in "Determining your contract
value" and "How withdrawals affect your Guaranteed minimum income benefit and
Guaranteed minimum death benefit" in "Accessing your money" and the section
entitled "Charges and expenses" later in this Prospectus for more information
on these guaranteed benefits.

See Appendix II later in this Prospectus for an example of how we calculate an
enhanced death benefit.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE ("GWBL")

For an additional charge, the Guaranteed withdrawal benefit for life ("GWBL")
guarantees that you can take withdrawals up to a maximum amount per year (your
"Guaranteed annual withdrawal amount"). This benefit is not available at issue
ages younger than 45. GWBL is not available if you have elected the Guaranteed
minimum income benefit. You may elect one of our automated payment plans or you
may take partial withdrawals. All withdrawals reduce your account value and
Guaranteed minimum death benefit. See "Accessing your money" later in this
Prospectus. Also, the 12-month dollar cost averaging program is not available
if you elect GWBL.

You may buy this benefit on a single life ("Single life") or a joint life
("Joint life") basis. Under a Joint life contract, lifetime withdrawals are
guaranteed for the life of both the owner and successor owner (or annuitant and
joint annuitant, as applicable).

For Joint life contracts, a successor owner may be named at contract issue
only. The successor owner must be the owner's spouse. If you and the successor
owner are no longer married, you may either: (i) drop the original successor
owner or (ii) replace the original successor owner with your new spouse. This
can only be done before the first withdrawal is made from the contract. After
the first withdrawal, the successor owner can be dropped but cannot be
replaced. If the successor owner is dropped after withdrawals begin, the charge
will continue based on a Joint life basis. For NQ contracts, you have the
option to designate the successor owner as a joint owner.

For Joint life contracts owned by a non-natural owner, a joint annuitant may be
named at contract issue only. The annuitant and joint annuitant must be
spouses. If the annuitant and joint annuitant are no longer married, you may
either: (i) drop the joint annuitant or (ii) replace the original joint
annuitant with the annuitant's new spouse. This can only be done before the
first withdrawal. After the first withdrawal, the joint annuitant may be
dropped but cannot be replaced. If the joint annuitant is dropped after
withdrawals begin, the charge continues based on a Joint life basis. Joint
annuitants are not permitted under any other contracts.

This benefit is not available under an Inherited IRA contract. Joint life QP
contracts are not permitted.

The cost of the GWBL benefit will be deducted from your account value on each
contract date anniversary. Please see "Guaranteed withdrawal benefit for life
benefit charge" in "Charges and expenses" later in this Prospectus for a
description of the charge.

You should not purchase this benefit if:

o  You plan to take withdrawals in excess of your Guaranteed annual withdrawal
   amount because those withdrawals may significantly reduce or eliminate the
   value of the benefit (see "Effect of Excess withdrawals" below in this
   section);

o  You are interested in long term accumulation rather than taking withdrawals;

o  You are using the contract to fund a QP contract where withdrawal
   restrictions will apply; or

o  You plan to use it for withdrawals prior to age 59-1/2, as the taxable amount
   of the withdrawal will be includible in income and subject to an additional
   10% federal income tax penalty, as discussed later in this Prospectus.

For traditional IRAs and QP contracts, you may take your lifetime required
minimum distributions ("RMDs") without losing the value of the GWBL benefit,
provided you comply with the conditions described under "Lifetime required
minimum distribution withdrawals" in "Accessing your money" later in this
Prospectus, including utilizing our Automatic RMD service. If you do not expect
to comply with these conditions, this benefit may have limited usefulness for
you and you should consider whether it is appropriate. Please consult your tax
adviser.


GWBL BENEFIT BASE

At issue, your GWBL benefit base is equal to your initial contribution and will
increase or decrease, as follows:

o  Your GWBL benefit base increases by any subsequent contributions.

o  Your GWBL benefit base may be increased on each contract date anniversary, as
   described below under "Annual ratchet" and "5% deferral bonus."

o  Your GWBL benefit base is not reduced by withdrawals except those withdrawals
   that cause total withdrawals in a contract year to


                                              Contract features and benefits  25



   exceed your Guaranteed annual withdrawal amount ("Excess withdrawal"). See
   "Effect of Excess withdrawals" below in this section.


GUARANTEED ANNUAL WITHDRAWAL AMOUNT


Your initial Guaranteed annual withdrawal amount is equal to a percentage of
the GWBL benefit base. The initial applicable percentage ("Applicable
percentage") is based on the owner's age at the time of the first withdrawal.
For Joint life contracts, the initial Applicable percentage is based on the age
of the owner or successor owner, whoever is younger at the time of the first
withdrawal. For contracts held by non-natural owners, the initial Applicable
percentage is based on the annuitant's age or on the younger annuitant's age,
if applicable, at the time of the first withdrawal. If your GWBL benefit base
ratchets, as described below in this section under "Annual ratchet," on any
contract date anniversary after you begin taking withdrawals, your Applicable
percentage may increase based on your attained age at the time of the ratchet.
The Applicable percentages are as follows:


- ---------------------------------------------------------
 Age                   Applicable percentage
- ---------------------------------------------------------
45-64                  4.0%
65-85                  5.0%
- ---------------------------------------------------------

We will recalculate the Guaranteed annual withdrawal amount on each contract
date anniversary and as of the date of any subsequent contribution or Excess
withdrawal, as described below under "Effect of Excess withdrawals" and
"Subsequent contributions." The withdrawal amount is guaranteed never to
decrease as long as there are no Excess withdrawals.

Your Guaranteed annual withdrawals are not cumulative. If you withdraw less
than the Guaranteed annual withdrawal amount in any contract year, you may not
add the remainder to your Guaranteed annual withdrawal amount in any subsequent
year.

The withdrawal charge, if applicable, is waived for withdrawals up to the
Guaranteed annual withdrawal amount, but all withdrawals are counted toward
your free withdrawal amount. See "Withdrawal charge" in "Charges and expenses"
later in this Prospectus.


EFFECT OF EXCESS WITHDRAWALS

An Excess withdrawal is caused when you withdraw more than your Guaranteed
annual withdrawal amount in any contract year. Once a withdrawal causes
cumulative withdrawals in a contract year to exceed your Guaranteed annual
withdrawal amount, the entire amount of that withdrawal and each subsequent
withdrawal in that contract year are considered Excess withdrawals.

An Excess withdrawal can cause a significant reduction in both your GWBL
benefit base and your Guaranteed annual withdrawal amount. If you make an
Excess withdrawal, we will recalculate your GWBL benefit base and the
Guaranteed annual withdrawal amount, as follows:

     o    The GWBL benefit base is reset as of the date of the Excess withdrawal
          to equal the lesser of: (i) the GWBL benefit base immediately prior to
          the Excess withdrawal and (ii) the account value immediately following
          the Excess withdrawal.

     o    The Guaranteed annual withdrawal amount is recalculated to equal the
          Applicable percentage multiplied by the reset GWBL benefit base.

You should not purchase this contract if you plan to take withdrawals in excess
of your Guaranteed annual withdrawal amount as such withdrawals may
significantly reduce or eliminate the value of the GWBL benefit. If your
account value is less than your GWBL benefit base (due, for example, to
negative market performance), an Excess withdrawal, even one that is only
slightly more than your Guaranteed annual withdrawal amount, can significantly
reduce your GWBL benefit base and the Guaranteed annual withdrawal amount.

For example, assume your Income base is $100,000 and your account value is
$80,000 when you decide to begin taking withdrawals at age 65. Your Guaranteed
annual withdrawal amount is equal to $5,000 (5.0% of $100,000). You take an
initial withdrawal of $8,000. Since your Income base is immediately reset to
equal the lesser of your GWBL benefit base prior to the Excess withdrawal
($100,000) and your account value immediately following the Excess withdrawal
($80,000 minus $8,000), your GWBL benefit base is now $72,000. In addition,
your Guaranteed annual withdrawal amount is reduced to $3,600 (5.0% of
$72,000), instead of the original $5,000. See "How withdrawals affect your GWBL
and GWBL Guaranteed minimum death benefit" in "Accessing your money" later in
this Prospectus.

You should note that an Excess withdrawal that reduces your account value to
zero terminates the contract, including all benefits, without value. See
"Insufficient account value" in "Determining your contract value" later in this
Prospectus.

In general, if you purchase this contract as a traditional IRA or QP and
participate in our Automatic RMD service, an automatic withdrawal under that
program will not cause an Excess withdrawal, even if it exceeds your Guaranteed
annual withdrawal amount. For more information, see "Lifetime required minimum
distribution withdrawals" in "Accessing your money" later in this Prospectus.


ANNUAL RATCHET

Your GWBL benefit base is recalculated on each contract date anniversary to
equal the greater of: (i) the account value and (ii) the most recent GWBL
benefit base. If your account value is greater, we will ratchet up your GWBL
benefit base to equal your account value. If your GWBL benefit base ratchets on
any contract date anniversary after you begin taking withdrawals, your
Applicable percentage may increase based on your attained age at the time of
the ratchet. Your Guaranteed annual withdrawal amount will also be increased,
if applicable, to equal your Applicable percentage times your new GWBL benefit
base.

If your GWBL benefit base ratchets, we may increase the charge for the benefit.
Once we increase the charge, it is increased for the life of the contract. We
will permit you to opt out of the ratchet if the charge increases. If you
choose to opt out, your charge will stay the same but your GWBL benefit base
will no longer ratchet. Upon request, we will permit you to accept a GWBL
benefit base ratchet with the charge increase on a subsequent contract date
anniversary. For a description of the charge increase, see "Guaranteed
withdrawal benefit for life benefit charge" in "Charges and expenses" later in
this Prospectus.


26  Contract features and benefits



5% DEFERRAL BONUS

At no additional charge, during the first ten contract years, in each year you
have not taken a withdrawal, we will increase your GWBL benefit base by an
amount equal to 5% of your total contributions. If the Annual Ratchet (as
discussed immediately above) occurs on any contract date anniversary, for the
next and subsequent contract years, the bonus will be 5% of the most recent
ratcheted GWBL benefit base plus any subsequent contributions. If the GWBL
benefit base is reduced due to an Excess withdrawal, the 5% deferral bonus will
be calculated using the reset GWBL benefit base plus any applicable
contributions. The deferral bonus generally excludes contributions made in the
prior 12-months. In the first contract year, the deferral bonus is determined
using all contributions received in the first 90 days of the contract year.

On any contract date anniversary on which you are eligible for a bonus, we will
calculate the applicable bonus amount. If, when added to the current GWBL
benefit base, the amount is greater than your account value, that amount will
become your new GWBL benefit base. If that amount is less than or equal to your
account value, your GWBL benefit base will be ratcheted to equal your account
value, and the 5% deferral bonus will not apply. If you opt out of the Annual
Ratchet (as discussed immediately above), the 5% deferral bonus will still
apply.


SUBSEQUENT CONTRIBUTIONS

Subsequent contributions are not permitted after the later of: (i) the end of
the first contract year and (ii) the date the first withdrawal is taken.

Anytime you make an additional contribution, your GWBL benefit base will be
increased by the amount of the contribution. Your Guaranteed annual withdrawal
amount will be equal to the Applicable percentage of the increased GWBL benefit
base.


GWBL GUARANTEED MINIMUM DEATH BENEFIT

There are two guaranteed minimum death benefits available if you elect the GWBL
option: (i) the GWBL Standard death benefit, which is available at no
additional charge for owner issue ages 45-85, and (ii) the GWBL Enhanced death
benefit, which is available for an additional charge for owner issue ages
45-75.

The GWBL Standard death benefit is equal to the GWBL Standard death benefit
base. The GWBL Standard death benefit base is equal to your initial
contribution and any additional contributions less a deduction that reflects
any withdrawals you make (see "How withdrawals affect your GWBL and GWBL
Guaranteed minimum death benefit" in "Accessing your money" later in this
Prospectus).

The GWBL Enhanced death benefit is equal to the GWBL Enhanced death benefit
base.

Your initial GWBL Enhanced death benefit base is equal to your initial
contribution and will increase or decrease, as follows:

o  Your GWBL Enhanced death benefit base increases by the dollar amount of any
   subsequent contribution;

o  Your GWBL Enhanced death benefit base increases to equal your account value
   if ratcheted, as described above in this section;

o  Your GWBL Enhanced death benefit base increases by any 5% deferral bonus, as
   described above in this section;

o  Your GWBL Enhanced death benefit base decreases by an amount which reflects
   any withdrawals you make;


See "How withdrawals affect your GWBL and GWBL Guaranteed minimum death
benefit" in "Accessing your money" later in this Prospectus.


The death benefit is equal to your account value as of the date we receive
satisfactory proof of death, any required instructions for method of payment,
information and forms necessary to effect payment or the applicable GWBL
Guaranteed minimum death benefit on the date of the owner's death adjusted for
any subsequent withdrawals (and associated withdrawal charges), whichever
provides a higher amount. For more information, see "Withdrawal charge" in
"Charges and expenses" later in the Prospectus.


EFFECT OF YOUR ACCOUNT VALUE FALLING TO ZERO

If your account value falls to zero due to an Excess withdrawal, we will
terminate your contract and you will receive no further payments or benefits.
If an Excess withdrawal results in a withdrawal that equals more than 90% of
your cash value or reduces your cash value to less than $500, we will treat
your request as a surrender of your contract even if your GWBL benefit base is
greater than zero.

However, if your account value falls to zero, either due to a withdrawal or
surrender that is not an Excess withdrawal or due to a deduction of charges,
please note the following:

o  Your Stylus(SM) contract terminates and you will receive a supplementary life
   annuity contract setting forth your continuing benefits. The owner of the
   Stylus(SM) contract will be the owner and annuitant. The successor owner, if
   applicable, will be the joint annuitant. If the owner is non-natural, the
   annuitant and joint annuitant, if applicable, will be the same as under your
   Stylus(SM) contract.

o  No subsequent contributions will be permitted.

o  If you were taking withdrawals through the "Maximum payment plan," we will
   continue the scheduled withdrawal payments on the same basis.

o  If you were taking withdrawals through the "Customized payment plan" or in
   unscheduled partial withdrawals, we will pay the balance of the Guaranteed
   annual withdrawal amount for that contract year in a lump sum. Payment of the
   Guaranteed annual withdrawal amount will begin on the next contract date
   anniversary.

o  Payments will continue at the same frequency for Single or Joint life
   contracts, as applicable, or annually if automatic payments were not being
   made.


o  Any guaranteed minimum death benefit remaining under the original contract
   will be carried over to the supplementary life annuity contract. The death
   benefit will no longer grow and will be reduced on a dollar-for-dollar basis
   as payments are made. If there is any remaining death benefit upon the death
   of the owner and successor owner, if applicable, we will pay it to the
   beneficiary.



                                              Contract features and benefits  27



o  The charge for the Guaranteed withdrawal benefit for life and the GWBL
   Enhanced death benefit will no longer apply.

o  If at the time of your death the Guaranteed annual withdrawal amount was
   being paid to you as a supplementary life annuity contract, your beneficiary
   may not elect the Beneficiary continuation option.


OTHER IMPORTANT CONSIDERATIONS

o  This benefit is not appropriate if you do not intend to take withdrawals
   prior to annuitization.

o  Amounts withdrawn in excess of your Guaranteed annual withdrawal amount may
   be subject to a withdrawal charge, if applicable, as described in "Charges
   and expenses" later in the Prospectus. In addition, all withdrawals count
   toward your free withdrawal amount for that contract year. Excess withdrawals
   can significantly reduce or completely eliminate the value of the GWBL and
   GWBL Enhanced death benefit. See "Effect of Excess withdrawals" above in this
   section and "How withdrawals affect your GWBL and GWBL Guaranteed minimum
   death benefit" in "Accessing your money" later in this Prospectus.

o  Withdrawals are not considered as annuity payments for tax purposes, and may
   be subject to an additional 10% federal income tax penalty before age 59-1/2.
   See "Tax information" later in this Prospectus.

o  All withdrawals reduce your account value and Guaranteed minimum death
   benefit. See "How withdrawals are taken from your account value" and "How
   withdrawals affect your Guaranteed minimum death benefit" in "Accessing your
   money" later in this Prospectus.

o  If you withdraw less than the Guaranteed annual withdrawal amount in any
   contract year, you may not add the remainder to your Guaranteed annual
   withdrawal amount in any subsequent year.

o  The GWBL benefit terminates if the contract is continued under the
   beneficiary continuation option or under the Spousal continuation feature if
   the spouse is not the successor owner.

o  If you surrender your contract to receive its cash value and your cash value
   is greater than your Guaranteed annual withdrawal amount, all benefits under
   the contract will terminate, including the GWBL benefit.


o  If you transfer ownership of this contract, you terminate the GWBL benefit.
   See "Transfers of ownership, collateral assignments, loans and borrowing" in
   "More information" later in this Prospectus for more information.


o  Withdrawals are available under other annuity contracts we offer and this
   contract without purchasing a withdrawal benefit.

o  For IRA and QP contracts, if you have to take a required minimum distribution
   ("RMD") and it is your first withdrawal under the contract, the RMD will be
   considered your "first withdrawal" for the purposes of establishing your GWBL
   Applicable percentage.


o  If you elect GWBL on a joint life basis and subsequently get divorced, your
   divorce will not automatically terminate the contract. For both Joint life
   and Single life contracts, it is possible that the terms of your divorce
   decree could significantly reduce or completely eliminate the value of this
   benefit.



INHERITED IRA BENEFICIARY CONTINUATION CONTRACT

This contract is available to an individual beneficiary of a traditional IRA or
a Roth IRA where the deceased owner held the individual retirement account or
annuity (or Roth individual retirement account or annuity) with an insurance
company or financial institution other than AXA Equitable. The purpose of the
inherited IRA beneficiary continuation contract is to permit the beneficiary to
change the funding vehicle that the deceased owner selected ("original IRA")
while taking the required minimum distribution payments that must be made to
the beneficiary after the deceased owner's death. See the discussion of
required minimum distributions under "Tax information." This contract is
intended only for beneficiaries who want to take payments at least annually
over their life expectancy. These payments generally must begin (or must have
begun) no later than December 31 of the calendar year following the year the
deceased owner died. This contract is not suitable for beneficiaries electing
the "5-year rule." See "Beneficiary continuation option for IRA and Roth IRA
contracts" under "Beneficiary continuation option" in "Payment of death
benefit" later in this Prospectus. You should discuss with your tax adviser
your own personal situation. This contract may not be available in all states.
Please speak with your financial professional for further information.

The Inherited traditional IRA is also available to non-spousal beneficiaries of
deceased plan participants in qualified plans, 403(b) arrangements and
governmental employer 457(b) plans ("Applicable Plan(s)"). In this discussion,
unless otherwise indicated, references to "deceased owner" include "deceased
plan participant"; references to "original IRA" include "the deceased plan
participant's interest or benefit under the Applicable Plan", and references to
"individual beneficiary of a traditional IRA" include "individual non-spousal
beneficiary under an Applicable Plan."


The inherited IRA beneficiary continuation contract can only be purchased by a
direct transfer of the beneficiary's interest under the deceased owner's
original IRA. In the case of a non-spousal beneficiary under a deceased plan
participant's Applicable Plan, the Inherited traditional IRA can only be
purchased by a direct rollover of the death benefit under the Applicable Plan.
The owner of the inherited IRA beneficiary continuation contract is the
individual who is the beneficiary of the original IRA. Certain trusts with only
individual beneficiaries will be treated as individuals for this purpose. The
contract must also contain the name of the deceased owner. In this discussion,
"you" refers to the owner of the inherited IRA beneficiary continuation
contract.


The inherited IRA beneficiary continuation contract can be purchased whether or
not the deceased owner had begun taking required minimum distribution payments
during his or her life from the original IRA or whether you had already begun
taking required minimum distribution payments of your interest as a beneficiary
from the deceased owner's original IRA. You should discuss with your own tax
adviser when payments must begin or must be made.

Under the inherited IRA beneficiary continuation contract:

28  Contract features and benefits



o    You must receive payments at least annually (but can elect to receive
     payments monthly or quarterly). Payments are generally made over your life
     expectancy determined in the calendar year after the deceased owner's death
     and determined on a term certain basis.

o    You must receive payments from this contract even if you are receiving
     payments from another IRA of the deceased owner in an amount that would
     otherwise satisfy the amount required to be distributed from this contract.

o    The beneficiary of the original IRA will be the annuitant under the
     inherited IRA beneficiary continuation contract. In the case where the
     beneficiary is a "See Through Trust," the oldest beneficiary of the trust
     will be the annuitant.

o    An inherited IRA beneficiary continuation contract is not available for
     owners over age 70.

o    The initial contribution must be a direct transfer from the deceased
     owner's original IRA and is subject to minimum contribution amounts. See
     "How you can purchase and contribute to your contract" earlier in this
     section.

o    Subsequent contributions of at least $1,000 are permitted but must be
     direct transfers of your interest as a beneficiary from another IRA with a
     financial institution other than AXA Equitable, where the deceased owner is
     the same as under the original IRA contract.

o    A non-spousal beneficiary under an Applicable Plan cannot make subsequent
     contributions to an Inherited traditional IRA contract.

o    You may make transfers among the investment options.


o    You may choose at any time to withdraw all or a portion of the account
     value. Any partial withdrawal must be at least $300. Withdrawal charges
     will apply as described in "Charges and expenses" later in this Prospectus.


o    The Guaranteed minimum income benefit, Spousal continuation, 12-month
     dollar cost averaging program, automatic investment program, the Guaranteed
     withdrawal benefit for life and systematic withdrawals are not available
     under the Inherited IRA beneficiary continuation contract.

o    If you die, we will pay to a beneficiary that you choose the greater of the
     account value or the applicable death benefit.

o    Upon your death, your beneficiary has the option to continue tak ing
     required minimum distributions based on your remaining life expectancy or
     to receive any remaining interest in the contract in a single sum. The
     option elected will be processed when we receive satisfactory proof of
     death, any required instructions for the method of payment and any required
     information and forms necessary to effect payment. If your beneficiary
     elects to continue to take distributions, we will increase the account
     value to equal the applicable death benefit if such death benefit is
     greater than such account value as of the date we receive satisfactory
     proof of death and any required instructions, information and forms.
     Thereafter, withdrawal charges will no longer apply. If you had elected any
     enhanced death benefits, they will no longer be in effect and charges for
     such benefits will stop. The Guaranteed minimum death benefit will also no
     longer be in effect.


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract, with a signed letter of instruction electing this right, to our
processing office within 10 days after you receive it. If state law requires,
this "free look" period may be longer. Other state variations may apply. Please
contact your financial professional and/or see Appendix IV to find out what
applies in your state.

Generally, your refund will equal your account value under the contract on the
day we receive notification of your decision to cancel the contract and will
reflect any investment gain or loss in the variable investment options (less
the daily charges we deduct), through the date we receive your contract. Some
states require that we refund the full amount of your contribution (not
reflecting any investment gain or loss). For any IRA contract returned to us
within seven days after you receive it, we are required to refund the full
amount of your contribution.

We may require that you wait six months before you may apply for a contract
with us again if:

o  you cancel your contract during the free look period; or

o  you change your mind before you receive your contract whether we have
   received your contribution or not.

Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.

In addition to the cancellation right described above, if you fully convert an
existing traditional IRA contract to a Roth IRA or Flexible Premium Roth IRA
contract, you may cancel your Roth IRA or Flexible Premium Roth IRA contract
and return to a Rollover IRA or Flexible Premium IRA contract, whichever
applies. Our processing office, or your financial professional, can provide you
with the cancellation instructions.


                                              Contract features and benefits  29



2. Determining your contract's value

- --------------------------------------------------------------------------------

YOUR ACCOUNT VALUE AND CASH VALUE

Your "account value" is the total of the values you have in the variable
investment options.

Your contract also has a "cash value." At any time before annuity payments
begin, your contract's cash value is equal to the account value, less: (i) the
total amount or a pro rata portion of the annual administrative charge, as well
as optional benefit charges; and (ii) any applicable withdrawal charges. Please
see "Surrendering your contract to receive its cash value" in "Accessing your
money" later in this Prospectus.


YOUR CONTRACT'S VALUE IN THE VARIABLE INVESTMENT OPTIONS

Each variable investment option invests in shares of a corresponding portfolio.
Your value in each variable investment option is measured by "units." The value
of your units will increase or decrease as though you had invested it in the
corresponding portfolio's shares directly. Your value, however, will be reduced
by the amount of the fees and charges that we deduct under the contract.

The unit value for each variable investment option depends on the investment
performance of that option less daily charges for:

(i)   mortality and expense risks;

(ii)  administrative expenses; and

(iii) distribution charges.

On any day, your value in any variable investment option equals the number of
units credited to that option, adjusted for any units purchased for or deducted
from your contract under that option, multiplied by that day's value for one
unit. The number of your contract units in any variable investment option does
not change unless they are:

(i)   increased to reflect additional contributions;

(ii)  decreased to reflect a withdrawal (plus applicable withdrawal charges); or

(iii) increased to reflect a transfer into, or decreased to reflect a transfer
      out of, a variable investment option.

In addition, when we deduct the enhanced death benefit, Guaranteed minimum
income benefit and/or Guaranteed withdrawal benefit for life charges, the
number of units credited to your contract will be reduced. Your units are also
reduced when we deduct the annual administrative charge. A description of how
unit values are calculated is found in the SAI.

                      ----------------------------------

If you apply for this contract by electronic means, please see Appendix IV for
additional information.

INSUFFICIENT ACCOUNT VALUE

Your contract will terminate without value if your account value is
insufficient to pay any applicable charges when due. Your account value could
become insufficient due to withdrawals and/or poor market performance. Upon
such termination, you will lose all your rights under your contract and any
applicable guaranteed benefits, except as discussed below.

See Appendix IV later in this Prospectus for any state variations with regard
to terminating your contract.


GUARANTEED MINIMUM INCOME BENEFIT NO LAPSE GUARANTEE. In certain circumstances,
even if your account value falls to zero, your Guaranteed minimum income
benefit will still have value. Please see "Contract features and benefits"
earlier in this Prospectus for information on this feature.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. If you elect the Guaranteed withdrawal
benefit for life and your account value falls to zero due to a GWBL Excess
withdrawal, we will terminate your contract and you will receive no payment or
supplementary life annuity contract, even if your GWBL benefit base is greater
than zero. If, however, your account value falls to zero, either due to a
withdrawal or surrender that is not a GWBL Excess withdrawal or due to a
deduction of charges, the benefit will still have value. See "Contract features
and benefits" earlier in this Prospectus.


30  Determining your contract's value



3. Transferring your money among investment options

- --------------------------------------------------------------------------------

TRANSFERRING YOUR ACCOUNT VALUE
At any time before the date annuity payments are to begin, you can transfer
some or all of your account value among the investment options, subject to the
following:

o  You may not transfer any amount to the 12-month dollar cost averaging
   program.

Some states may have additional transfer restrictions. Please see Appendix IV
later in this Prospectus.

In addition, we reserve the right to restrict transfers among variable
investment options, including limitations on the number, frequency, or dollar
amount of transfers. Our current transfer restrictions are set forth in the
"Disruptive transfer activity" section below.

You may request a transfer in writing, by telephone using TOPS or through
EQAccess. You must send in all written transfer requests directly to our
processing office. Transfer requests should specify:

(1)  the contract number,

(2)  the dollar amounts or percentages of your current account value to be
     transferred, and

(3)  the investment options to and from which you are transferring.

We will confirm all transfers in writing.


Please see "Allocating your contributions" in "Contract features and benefits"
for more information about your role in managing your allocations.



DISRUPTIVE TRANSFER ACTIVITY

You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.


We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (together, "the trusts"). The trusts
have adopted policies and procedures regarding disruptive transfer activity.
They discourage frequent purchases and redemptions of portfolio shares and will
not make special arrangements to accommodate such transactions. They aggregate
inflows and outflows for each portfolio on a daily basis. On any day when a
portfolio's net inflows or outflows exceed an established monitoring threshold,
the affiliated trust obtains from us contract owner trading activity. The
trusts currently consider transfers into and out of (or vice versa) the same
variable investment option within a five business day period as potentially
disruptive transfer activity. Each trust reserves the right to reject a
transfer that it believes, in its sole discretion, is disruptive (or
potentially disruptive) to the management of one of its portfolios. Please see
the prospectuses for the trusts for more information.


When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax


                            Transferring your money among investment options  31



and automated transaction services. We currently apply such action for the
remaining life of each affected contract. We or a trust may change the
definition of potentially disruptive transfer activity, the monitoring
procedures and thresholds, any notification procedures, and the procedures to
restrict this activity. Any new or revised policies and procedures will apply
to all contract owners uniformly. We do not permit exceptions to our policies
restricting disruptive transfer activity.


It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, the trusts had not implemented such a fee. If a redemption fee is
implemented by a trust, that fee, like any other trust fee, will be borne by
the contract owner.

Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all potentially disruptive transfers.
Because there is no guarantee that disruptive trading will be stopped, some
contract owners may be treated differently than others, resulting in the risk
that some contract owners may be able to engage in frequent transfer activity
while others will bear the effect of that frequent transfer activity. The
potential effects of frequent transfer activity are discussed above.



REBALANCING YOUR ACCOUNT VALUE

We currently offer a rebalancing program that you can use to automatically
reallocate your account value among the variable investment options.

In order to participate in our rebalancing program, you must tell us:

     (a)  the percentage you want invested in each variable investment option
          (whole percentages only), and

     (b)  how often you want the rebalancing to occur (quarterly, semiannually,
          or annually on a contract year basis)

Rebalancing will occur on the same day of the month as the contract date. If a
contract is established after the 28th, rebalancing will occur on the first
business day of the month following the contract issue date.


You may elect the rebalancing program at any time. You may also change your
allocation instructions or cancel the program at any time. If you request a
transfer while a rebalancing program is in effect, we will process the transfer
as requested. Your rebalancing allocations will not be changed, and the
rebalancing program will remain in effect unless you request that it be
canceled in writing. There is no charge for the rebalancing feature.


- --------------------------------------------------------------------------------
Rebalancing does not assure a profit or protect against loss. You should
periodically review your allocation percentages as your needs change. You may
want to discuss the rebalancing program with your financial professional before
electing the program.
- --------------------------------------------------------------------------------

While your rebalancing program is in effect, we will transfer amounts among the
variable investment options so that the percentage of your account value that
you specify is invested in each option at the end of each rebalancing date.

You may not elect the rebalancing program if you are participating in either
dollar cost averaging program.


32  Transferring your money among investment options



4. Accessing your money

- --------------------------------------------------------------------------------

WITHDRAWING YOUR ACCOUNT VALUE
You have several ways to withdraw your account value before annuity payments
begin. The table below shows the methods available under each type of contract.
More information follows the table.

Please see "Insufficient account value" in "Determining your contract value"
earlier in this Prospectus and "How withdrawals affect your Guaranteed minimum
income benefit and Guaranteed minimum death benefit" and "How withdrawals
affect your GWBL and GWBL Guaranteed minimum death benefit" below for more
information on how withdrawals affect your guaranteed benefits and could
potentially cause your contract to terminate.






- --------------------------------------------------------------------------------
                                    Method of withdrawal
                  --------------------------------------------------------------
                                                                 Lifetime
                                                                required
                                              Substantially     minimum
 Contract            Partial    Systematic        equal       distribution
- --------------------------------------------------------------------------------
                                                     
NQ                    Yes          Yes             No             No
- --------------------------------------------------------------------------------
Rollover IRA          Yes          Yes             Yes            Yes
- --------------------------------------------------------------------------------
Flexible
 Premium IRA          Yes          Yes             Yes            Yes
- --------------------------------------------------------------------------------
Roth IRA              Yes          Yes             Yes            No
- --------------------------------------------------------------------------------
Flexible Premium
 Roth IRA             Yes          Yes             Yes            No
- --------------------------------------------------------------------------------
Inherited IRA         Yes           No             No              *
- --------------------------------------------------------------------------------
QP**                  Yes           No             No             Yes
- --------------------------------------------------------------------------------



*  This contract pays out post-death required minimum distributions. See
   "Inherited IRA beneficiary continuation contract" in "Contract features and
   benefits" earlier in this Prospectus.


** All payments are made to the trust as the owner of the contract.



AUTOMATIC PAYMENT PLANS
(For contracts with GWBL only)

You may take automatic withdrawals under either the Maximum payment plan or the
Customized payment plan, as described below. Under either plan, you may take
withdrawals on a monthly, quarterly or annual basis. You may change the payment
frequency of your withdrawals at any time, and the change will become effective
on the next contract date anniversary.

You may elect either the Maximum payment plan or the Customized payment plan at
any time. You must wait at least 28 days from contract issue before automatic
payments begin. We will make the withdrawals on any day of the month that you
select as long as it is not later than the 28th day of the month.



MAXIMUM PAYMENT PLAN.  Our Maximum payment plan provides for the withdrawal of
the Guaranteed annual withdrawal amount in scheduled payments. The amount of
the withdrawal will increase on contract date anniversaries with any Annual
Ratchet or 5% deferral bonus.


If you elect the Maximum payment plan and start monthly or quarterly payments
after the beginning of a contract year, the payments you take that year will be
less than your Guaranteed annual withdrawal amount.

If you take a partial withdrawal while the Maximum payment plan is in effect,
we will terminate the plan. You may enroll in the plan again at any time, but
the scheduled payments will not resume until the next contract date
anniversary.



CUSTOMIZED PAYMENT PLAN.  Our Customized payment plan provides for the
withdrawal of a fixed amount not greater than the Guaranteed annual withdrawal
amount in scheduled payments. The amount of the withdrawal will not be
increased on contract date anniversaries with the Annual Ratchet or 5% deferral
bonus. You must elect to change the scheduled payment amount.


It is important to note that if you elect the Customized payment plan and start
monthly or quarterly withdrawals after the beginning of a contract year, you
could select scheduled payment amounts that would cause an Excess withdrawal.
If your selected scheduled payment would cause an Excess withdrawal, we will
notify you. As discussed earlier in the Prospectus, Excess withdrawals may
significantly reduce the value of the Guaranteed withdrawal benefit for life
benefit. See "Effect of Excess withdrawals" in "Contract features and benefits"
earlier in this Prospectus.

If you take a partial withdrawal while the Customized payment plan is in
effect, we will terminate the plan. You may enroll in the plan again at any
time, but the scheduled payments will not resume until the next contract date
anniversary.


PARTIAL WITHDRAWALS
(All contracts)

You may take partial withdrawals from your account value at any time. The
minimum amount you may withdraw is $300.

Partial withdrawals will be subject to a withdrawal charge if they exceed the
10% free withdrawal amount (see "10% free withdrawal amount" in "Charges and
expenses" later in this Prospectus).

Any request for a partial withdrawal will terminate your participation in
either the Maximum payment plan or Customized payment plan, if applicable.


SYSTEMATIC WITHDRAWALS
(All contracts except Inherited IRA and QP contracts)

You may take systematic withdrawals of a particular dollar amount or a
particular percentage of your account value.

You may take systematic withdrawals on a monthly, quarterly or annual basis as
long as the withdrawals do not exceed the following percentages of your account
value: 0.8% monthly, 2.4% quarterly and 10.0% annually. The minimum amount you
may take in each system-


                                                        Accessing your money  33



atic withdrawal is $250. If the amount withdrawn would be less than $250 on the
date a withdrawal is to be taken, we will not make a payment and we will
terminate your systematic withdrawal election.

We will make the withdrawals on any day of the month that you select as long as
it is not later than the 28th day of the month. If you do not select a date, we
will make the withdrawals on the same calendar day of the month as the contract
date. You must wait at least 28 days after your contract is issued before your
systematic withdrawals can begin.

You may elect to take systematic withdrawals at any time. If you own an IRA
contract, you may elect this withdrawal method only if you are between ages
59-1/2 and 70-1/2.

You may change the payment frequency, or the amount or percentage of your
systematic withdrawals, once each contract year. However, you may not change
the amount or percentage in any contract year in which you have already taken a
partial withdrawal. You can cancel the systematic withdrawal option at any
time.

Systematic withdrawals are not subject to a withdrawal charge, except to the
extent that, when added to a partial withdrawal previously taken in the same
contract year, the systematic withdrawal exceeds the 10% free withdrawal
amount. Systematic withdrawals are not available if you have elected the
Guaranteed withdrawal benefit for life.


SUBSTANTIALLY EQUAL WITHDRAWALS
(Rollover IRA, Roth IRA, Flexible Premium IRA and Flexible Premium Roth IRA
contracts)

We offer our "substantially equal withdrawals option" to allow you to receive
distributions from your account value without triggering the 10% additional
federal income tax penalty, which normally applies to distributions made before
age 59-1/2. See "Tax information" later in this Prospectus. We use one of the
IRS-approved methods for doing this; this is not the exclusive method of
meeting this exception. After consultation with your tax adviser, you may
decide to use another method which would require you to compute amounts
yourself and request partial withdrawals. In such a case, a withdrawal charge
may apply. Once you begin to take substantially equal withdrawals, you should
not stop them or change the pattern of your withdrawals until after the later
of age 59-1/2 or five full years after the first withdrawal. If you stop or
change the withdrawals or take a partial withdrawal, you may be liable for the
10% federal tax penalty that would have otherwise been due on prior withdrawals
made under this option and for any interest on the delayed payment of the
penalty.

In accordance with IRS guidance, an individual who has elected to receive
substantially equal withdrawals may change, without penalty, from one of the
IRS-approved methods of calculating fixed payments to another IRS-approved
method (similar to the required minimum distribution rules) of calculating
payments which vary each year.

You may elect to take substantially equal withdrawals at any time before age
59-1/2. We will make the withdrawal on any day of the month that you select as
long as it is not later than the 28th day of the month. You may not elect to
receive the first payment in the same contract year in which you took a partial
withdrawal. We will calculate the amount of your substantially equal
withdrawals using the IRS-approved method we offer. The payments will be made
monthly, quarterly or annually as you select. These payments will continue
until we receive written notice from you to cancel this option or you take a
partial withdrawal. You may elect to start receiving substantially equal
withdrawals again, but the payments may not restart in the same contract year
in which you took a partial withdrawal. We will calculate the new withdrawal
amount.

Substantially equal withdrawals that we calculate for you are not subject to a
withdrawal charge.

The substantially equal withdrawal program is not available if you have elected
the Guaranteed withdrawal benefit for life.


LIFETIME REQUIRED MINIMUM DISTRIBUTION WITHDRAWALS
(Rollover IRA, Flexible Premium IRA and QP contracts only -- See "Tax
information" later in this Prospectus)


We offer our "automatic required minimum distribution (RMD) service" to help
you meet lifetime required minimum distributions under federal income tax
rules. This is not the exclusive way for you to meet these rules. After
consultation with your tax adviser, you may decide to compute required minimum
distributions yourself and request partial withdrawals. In such a case, a
withdrawal charge may apply. Before electing this account based withdrawal
option, you should consider whether annuitization might be better in your
situation. If you have elected certain additional benefits, such as the
Guaranteed minimum death benefit, the Guaranteed minimum income benefit, or the
Guaranteed withdrawal benefit for life, amounts withdrawn from the contract to
meet RMDs will reduce the benefit base and may limit the utility of the
benefit. Also, the actuarial present value of additional contract benefits must
be added to the account value in calculating required minimum distribution
withdrawals from annuity contracts funding qualified plans and IRAs, which
could increase the amount required to be withdrawn. Please refer to "Tax
information" later in this Prospectus.


You may elect this service in the year in which you reach age 70-1/2 or in any
later year. The minimum amount we will pay out is $250. Currently, minimum
distribution withdrawal payments will be made annually. See "Required minimum
distributions" in "Tax information" later in this Prospectus for your specific
type of retirement arrangement.

- --------------------------------------------------------------------------------
For Rollover IRA and Flexible Premium IRA contracts, we will send a form
outlining the distribution options available in the year you reach age 70-1/2
(if you have not begun your annuity payments before that time).
- --------------------------------------------------------------------------------

We do not impose a withdrawal charge on minimum distribution withdrawals if you
are enrolled in our automatic RMD service except if, when added to a partial
withdrawal previously taken in the same contract year, the minimum distribution
withdrawal exceeds the 10% free withdrawal amount.

FOR CONTRACTS WITH GWBL. Generally, if you elect our Automatic RMD service, any
lifetime required minimum distribution payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal.

If you elect either the Maximum payment plan or the Customized payment plan AND
our Automatic RMD service, we will make an extra


34  Accessing your money




payment, if necessary, on December 1st that will equal your lifetime required
minimum distribution less all payments made through November 30 and any
scheduled December payment. The combined automatic plan payments and lifetime
required minimum distribution payment will not be treated as Excess
withdrawals, if applicable. However, if you take any partial withdrawals in
addition to your lifetime required minimum distribution and automatic payment
plan payments, your applicable automatic payment plan will be terminated. The
partial withdrawals may cause an Excess withdrawal and may be subject to a
withdrawal charge. You may enroll in the plan again at any time, but the
scheduled payments will not resume until the next contract date anniversary.
Further, your GWBL benefit base and Guaranteed annual withdrawal amount may be
reduced. See "Effect of Excess Withdrawals" in "Contract features and benefits"
earlier in this Prospectus.


If you elect our Automatic RMD service and elect to take your Guaranteed annual
withdrawal amount in partial withdrawals, we will make a payment, if necessary,
on December 1st that will equal your required minimum distribution less all
withdrawals made through November 30. Any RMD payment we make to you under our
Automatic RMD service will not be treated as an Excess withdrawal; however, any
other withdrawals in the same contract year may be treated as Excess
withdrawals even if those withdrawals are less than your lifetime required
minimum distribution payment.

FOR CONTRACTS WITH THE GUARANTEED MINIMUM INCOME BENEFIT. The no lapse
guarantee will not be terminated if a required minimum distribution payment
using our automatic RMD service causes your cumulative withdrawals in the
contract year to exceed 6% of the Roll- Up benefit base (as of the beginning of
the contract year or in the first contract year, all contributions received in
the first 90 days).


Owners of tax-qualified contracts (IRA and QP) generally should not reset the
Roll-Up benefit base if lifetime required minimum distributions must begin
before the end of the new exercise waiting period. See "Guaranteed minimum
death benefit/guaranteed minimum income benefit Roll-Up benefit base reset." in
"Contract features and benefits" earlier in this Prospectus.



HOW WITHDRAWALS ARE TAKEN FROM YOUR ACCOUNT VALUE


Unless you specify otherwise, we will subtract your withdrawals on a pro rata
basis from your value in the variable investment options (other than amounts
allocated to the 12-month dollar cost averaging program from the EQ/Money
Market variable investment option) . If there is insufficient value or no value
in the variable investment options, any additional amount of the withdrawal
required or the total amount of the withdrawal will be withdrawn from the
12-month dollar cost averaging option.



HOW WITHDRAWALS AFFECT YOUR GUARANTEED MINIMUM INCOME BENEFIT AND GUARANTEED
MINIMUM DEATH BENEFIT

In general, withdrawals (including RMDs) will reduce your guaranteed benefits
on a pro rata basis. Reduction on a pro rata basis means that we calculate the
percentage of your current account value that is being withdrawn and we reduce
your current benefit by the same percentage. For example, if your account value
is $30,000 and you withdraw $12,000, you have withdrawn 40% of your account
value. If your benefit was $40,000 before the withdrawal, it would be reduced
by $16,000 ($40,000 X .40) and your new benefit after the withdrawal would be
$24,000 ($40,000 - $16,000).

For purposes of calculating the adjustment to your guaranteed benefits, the
amount of the withdrawal will include the amount of any applicable withdrawal
charge. Using the example above, the $12,000 withdrawal would include the
withdrawal amount paid to you and the amount of any applicable withdrawal
charge deducted from your account value. For more information on the
calculation of the charge, see "Withdrawal charge" later in the Prospectus.


With respect to the Guaranteed minimum income benefit and the Greater of 6%
Roll-Up to age 85 or Annual Ratchet to age 85 enhanced death benefit,
withdrawals (including any applicable withdrawal charges) will reduce each of
the benefits' 6% Roll-Up to age 85 benefit base on a dollar-for-dollar basis,
as long as the sum of withdrawals in a contract year is 6% or less of the 6%
Roll-Up benefit base on the contract issue date or the most recent contract
date anniversary, if later. For this purpose, in the first contract year, all
contributions received in the first 90 days after contract issue will be
considered to have been received on the first day of the contract year. In
subsequent contract years, additional contributions made during a contract year
do not affect the amount of withdrawals that can be taken on a dollar-for-dollar
basis in that contract year. Once a withdrawal is taken that causes the sum of
withdrawals in a contract year to exceed 6% of the benefit base on the most
recent anniversary, that entire withdrawal (including RMDs) and any subsequent
withdrawals in that same contract year will reduce the benefit base pro rata.
Reduction on a dollar-for-dollar basis means that your 6% Roll-Up to age 85
benefit base will be reduced by the dollar amount of the withdrawal for each
Guaranteed benefit. The Annual Ratchet to age 85 benefit base will always be
reduced on a pro rata basis.



HOW WITHDRAWALS AFFECT YOUR GWBL AND GWBL GUARANTEED MINIMUM DEATH BENEFIT

Your GWBL benefit base is not reduced by withdrawals until a withdrawal causes
cumulative withdrawals in a contract year to exceed the Guaranteed annual
withdrawal amount. Withdrawals that exceed the Guaranteed annual withdrawal
amount, however, can significantly reduce your GWBL benefit base and Guaranteed
annual withdrawal amount. For more information, see "Effect of Excess
withdrawals" and "Other important considerations" under "Guaranteed withdrawal
benefit for life ("GWBL")" in "Contract features and benefits" earlier in this
Prospectus.


Your GWBL Standard death benefit base and GWBL Enhanced death benefit base are
reduced on a dollar-for-dollar basis up to the Guaranteed annual withdrawal
amount. Once a withdrawal causes cumulative withdrawals in a contract year to
exceed your Guaranteed annual withdrawal amount, however, your GWBL Standard
death benefit base and GWBL Enhanced death benefit base are reduced on a pro
rata basis. If the reduced GWBL Enhanced death benefit base is



                                                        Accessing your money  35



greater than your account value (after the Excess withdrawal), we will further
reduce your GWBL Enhanced death benefit base to equal your account value.

For purposes of calculating your GWBL and GWBL Guaranteed minimum death benefit
amount, the amount of the excess withdrawal will include the withdrawal amount
paid to you and the amount of the withdrawal charge deducted from your account
value. For more information on calculation of the charge, see "Withdrawal
charge" later in the Prospectus.


WITHDRAWALS TREATED AS SURRENDERS

If you withdraw more than 90% of a contract's current cash value, we will treat
it as a request to surrender the contract for its cash value. In addition, we
have the right to pay the cash value and terminate this contract if no
contributions are made during the last three completed contract years, and the
account value is less than $500, or if you make a withdrawal that would result
in a cash value of less than $500. The rules in the preceding sentence do not
apply if the Guaranteed minimum income benefit no lapse guarantee is in effect
on your contract. See "Surrendering your contract to receive its cash value"
below. For the tax consequences of withdrawals, see "Tax information" later in
this Prospectus.

SPECIAL RULES FOR THE GUARANTEED WITHDRAWAL BENEFIT FOR LIFE. We will not treat
a withdrawal request that results in a withdrawal in excess of 90% of the
contract's cash value as a request to surrender the contract unless it is a
GWBL Excess withdrawal. In addition, we will not terminate your contract if
either your account value or cash value falls below $500, unless it is due to a
GWBL Excess withdrawal. In other words, if you take a GWBL Excess withdrawal
that equals more than 90% of your cash value or reduces your cash value to less
than $500, we will treat your request as a surrender of your contract even if
your GWBL benefit base is greater than zero. Please also see "Insufficient
account value" in "Determining your contract value" earlier in this Prospectus.
Please also see "Guaranteed withdrawal benefit for life " in "Contract features
and benefits," earlier in this Prospectus, for more information on how
withdrawals affect your guaranteed benefits and could potentially cause your
contract to terminate.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE

You may surrender your contract to receive its cash value at any time while an
owner is living (or for contracts with non-natural owners, while the annuitant
is living) and before you begin to receive annuity payments. For a surrender to
be effective, we must receive your written request and your contract at our
processing office. We will determine your cash value on the date we receive the
required information.

All benefits under the contract will terminate as of the date we receive the
required information, including the Guaranteed withdrawal benefit for life (if
applicable) if your cash value is greater than your Guaranteed annual
withdrawal amount remaining that year. If your cash value is not greater than
your Guaranteed annual withdrawal amount remaining that year, then you will
receive a supplementary life annuity contract. For more information, please see
"Effect of your account value falling to zero" in "Contract features and
benefits" earlier in this Prospectus. Also, if the Guaranteed minimum income
benefit no lapse guarantee is in effect, the benefit will terminate without
value if your cash value plus any other withdrawals taken in the contract year
exceed 6% of the Roll-Up benefit base (as of the beginning of the contract
year). For more information, please see "Insufficient account value" in
"Determining your contract value" and "Guaranteed withdrawal benefit for life"
in "Contract features and benefits" earlier in this Prospectus.

You may receive your cash value in a single sum payment or apply it to one or
more of the annuity payout options. See "Your annuity payout options" below.
For the tax consequences of surrenders, see "Tax information" later in this
Prospectus.


WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments out of the variable investment
options within seven calendar days after the date of the transaction to which
the request relates. These transactions may include applying proceeds to a
variable annuity, payment of a death benefit, payment of any amount you
withdraw (less any withdrawal charge) and, upon surrender, payment of the cash
value. We may postpone such payments or applying proceeds for any period during
which:

(1)  the New York Stock Exchange is closed or restricts trading,

(2)  sales of securities or determination of the fair value of a variable
     investment option's assets is not reasonably practicable because of an
     emergency, or

(3)  the SEC, by order, permits us to defer payment to protect people remaining
     in the variable investment options.

We may defer payments for a reasonable amount of time (not to exceed 10 days)
while we are waiting for a contribution check to clear.


All payments are made by check and are mailed to you (or the payee named in a
tax-free exchange) by U.S. mail, unless you request that we use an express
delivery or wire transfer service at your expense.



YOUR ANNUITY PAYOUT OPTIONS


Deferred annuity contracts such as Stylus(SM) provide for conversion to payout
status at or before the contract's "maturity date." This is called
annuitization. When your contract is annuitized, your Stylus(SM) contract and
all its benefits will terminate and you will receive a supplemental annuity
payout contract ("payout option") that provides periodic payments for life or
for a specified period of time. In general, the periodic payment amount is
determined by the account value or cash value of your Stylus(SM) contract at the
time of annuitization and the annuity purchase factor to which that value is
applied, as described below. Alternatively, if you have a Guaranteed minimum
income benefit, you may exercise your benefit in accordance with its terms.


Your Stylus(SM) contract guarantees that upon annuitization, your annuity
account value will be applied to a guaranteed annuity purchase factor for a life
annuity payout option. In addition, you may apply your account value or cash
value, whichever is applicable, to any other annuity payout option that we may
offer at the time of annuitization. We currently offer you several choices of
annuity payout options. Some enable you to receive fixed annuity payments, which
can be either level


36  Accessing your money



or increasing, and others enable you to receive variable annuity payments.
Please see Appendix IV later in this Prospectus for variations that may apply
in your state.

You can choose from among the annuity payout options listed below. Restrictions
may apply, depending on the type of contract you own or the owner's and
annuitant's ages at contract issue. In addition, if you are exercising your
Guaranteed minimum income benefit, your choice of payout options are those that
are available under the Guaranteed minimum income benefit (see "Guaranteed
minimum income benefit option" in "Contract features and benefits" earlier in
this Prospectus). If you elect the Guaranteed withdrawal benefit for life and
choose to annuitize your contract, the Guaranteed withdrawal benefit for life
will terminate without value even if your GWBL benefit base is greater than
zero. Payments you receive under the annuity payout option you select may be
less than you would have received under GWBL. See "Guaranteed withdrawal
benefit for life" in "Contract features and benefits" earlier in this
Prospectus for further information.





                                   
- --------------------------------------------------------------------------------
Fixed annuity payout options          Life annuity
                                      Life annuity with period certain
                                      Life annuity with refund certain
                                      Period certain annuity
- --------------------------------------------------------------------------------
Variable Immediate Annuity            Life annuity
   payout options                     Life annuity with period certain
- --------------------------------------------------------------------------------
Income Manager(SM) payout options       Life annuity with period certain
   (available for owners and annu-    Period certain annuity
   itants age 83 or less at contract
   issue)
- --------------------------------------------------------------------------------



o  Life annuity: An annuity that guarantees payments for the rest of the
   annuitant's life. Payments end with the last monthly payment before the
   annuitant's death. Because there is no continuation of benefits following the
   annuitant's death with this payout option, it provides the highest monthly
   payment of any of the life annuity options, so long as the annuitant is
   living.

o  Life annuity with period certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the end of a
   selected period of time ("period certain"), payments continue to the
   beneficiary for the balance of the period certain. The period certain cannot
   extend beyond the annuitant's life expectancy. A life annuity with a period
   certain is the form of annuity under the contract that you will receive if
   you do not elect a different payout option. In this case, the period certain
   will be based on the annuitant's age and will not exceed 10 years.

o  Life annuity with refund certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the amount applied
   to purchase the annuity option has been recovered, payments to the
   beneficiary will continue until that amount has been recovered. This payout
   option is available only as a fixed annuity.

o  Period certain annuity: An annuity that guarantees payments for a specific
   period of time, usually 5, 10, 15, or 20 years. This guaranteed period may
   not exceed the annuitant's life expectancy. This option does not guarantee
   payments for the rest of the annuitant's life. It does not permit any
   repayment of the unpaid principal, so you cannot elect to receive part of the
   payments as a single sum payment with the rest paid in monthly annuity
   payments. This payout option is available only as a fixed annuity.

The life annuity, life annuity with period certain, and life annuity with
refund certain payout options are available on a single life or joint and
survivor life basis. The joint and survivor life annuity guarantees payments
for the rest of the annuitant's life, and after the annuitant's death, payments
continue to the survivor. We may offer other payout options not outlined here.
Your financial professional can provide details.


FIXED ANNUITY PAYOUT OPTIONS

With fixed annuities, we guarantee fixed annuity payments will be based either
on the tables of guaranteed annuity purchase factors in your contract or on our
then current annuity purchase factors, whichever is more favorable for you.


VARIABLE IMMEDIATE ANNUITY PAYOUT OPTIONS

Variable Immediate Annuities are described in a separate prospectus that is
available from your financial professional. Before you select a Variable
Immediate Annuity payout option, you should read the prospectus which contains
important information that you should know.

Variable Immediate Annuities may be funded through your choice of available
variable investment options investing in portfolios of AXA Premier VIP Trust
and EQ Advisors Trust. The contract also offers a fixed income annuity payout
option that can be elected in combination with the variable income annuity
payout option. The amount of each variable income annuity payment will
fluctuate, depending upon the performance of the variable investment options,
and whether the actual rate of investment return is higher or lower than an
assumed base rate.



INCOME MANAGER(SM) PAYOUT OPTIONS

The Income Manager(SM) payout annuity contracts differ from the other payout
annuity contracts. The other payout annuity contracts may provide higher or
lower income levels, but do not have all the features of the Income Manager(SM)
payout annuity contract. You may request an illustration of the Income
Manager(SM) payout annuity contract from your financial professional. Income
Manager(SM) payout options are described in a separate prospectus that is
available from your financial professional. Before you select an Income
Manager(SM) payout option, you should read the prospectus which contains
important information that you should know.

Both NQ and IRA Income Manager(SM) payout options provide guaranteed level
payments. The Income Manager(SM) (life annuity with period certain) also
provides guaranteed increasing payments (NQ contracts only). You may not elect
an Income Manager(SM) payout option without life contingencies unless withdrawal
charges are no longer in effect under your Stylus(SM).

For QP contracts, if you want to elect an Income Manager(SM) payout option, we
will first roll over amounts in such contract to a Rollover IRA contract with
the plan participant as owner. You must be eligible for a distribution under
the QP contract.



                                                        Accessing your money  37




You may choose to apply your account value of your Stylus(SM) contract to an
Income Manager(SM) payout annuity. In this case, we will consider any amounts
applied as a withdrawal from your Stylus(SM) and we will deduct any applicable
withdrawal charge. For the tax consequences of withdrawals, see "Tax
information" later in this Prospectus.

The Income Manager(SM) payout options are not available in all states.

If you purchase an Income Manager(SM) contract in connection with the exercise
of the Guaranteed minimum income option, different payout options may apply, as
well as various other differences. See "Guaranteed minimum income benefit
option" in "Contract features and benefits" earlier in this Prospectus, as well
as the Income Manager(SM) prospectus.



THE AMOUNT APPLIED TO PURCHASE AN ANNUITY PAYOUT OPTION


The amount applied to purchase an annuity payout option varies, depending on
the payout option that you choose, and the timing of your purchase as it
relates to any withdrawal charges.


For the fixed annuity payout options and Variable Immediate Annuity payout
options, no withdrawal charge is imposed if you select a life annuity, life
annuity with period certain or life annuity with refund certain.


The withdrawal charge applicable under your Stylus(SM) contract is imposed if
you select a non-life contingent period certain payout annuity. If the period
certain is more than 5 years, then the withdrawal charge deducted will not
exceed 5% of the account value.

For the Income Manager(SM) life contingent payout options, no withdrawal charge
is imposed under the Stylus(SM). If the withdrawal charge that otherwise would
have been applied to your account value under your Stylus(SM) is greater than 2%
of the contributions that remain in your contract at the time you purchase your
payout option, the withdrawal charges under the Income Manager(SM) will apply.
The year in which your account value is applied to the payout option will be
"contract year 1."



SELECTING AN ANNUITY PAYOUT OPTION

When you select a payout option, we will issue you a separate written agreement
confirming your right to receive annuity payments. We require you to return
your contract before annuity payments begin. The contract owner and annuitant
must meet the issue age and payment requirements.


You can choose the date annuity payments begin but it may not be earlier than
thirteen months from the Stylus(SM) contract date. Except with respect to the
Income Manager(SM) annuity payout options, where payments are made on the 15th
day of each month, you can change the date your annuity payments are to begin
anytime before that date as long as you do not choose a date later than the
28th day of any month. Also, that date may not be later than the annuity
maturity date described below.

The amount of the annuity payments will depend on the amount applied to
purchase the annuity and the applicable annuity purchase factors, discussed
earlier. The amount of each annuity payment will be less with a greater
frequency of payments, or with a longer duration of a non-life contingent
annuity or a longer certain period of a life contingent annuity. Once elected,
the frequency with which you receive payments cannot be changed. Your financial
professional can provide you with additional information about your annuity
payment options.


If, at the time you elect a payout option, the amount to be applied is less
than $2,000 or the initial payment under the form elected is less than $20
monthly, we reserve the right to pay the account value in a single sum rather
than as payments under the payout option chosen.


If you select an annuity payout option and payments have begun, no change can
be made other than: (i) transfers (if permitted in the future) among the
variable investment options if a Variable Immediate Annuity payout option is
selected; and (ii) withdrawals or contract surrender if an Income Manager(SM)
annuity payout option is chosen.



ANNUITY MATURITY DATE

Your contract has a maturity date by which you must either take a lump sum
payment or select an annuity payout option. The maturity date is based on the
age of the original annuitant at contract issue and cannot be changed even if
you name a new annuitant. The maturity date is generally the contract date
anniversary that follows the annuitant's 95th birthday. We will send a notice
with the annual statement one year prior to the maturity age.


If you elect the Guaranteed withdrawal benefit for life and your contract is
annuitized at maturity, we will offer an annuity payout option that guarantees
you will receive payments for life that are at least equal to what you would
have received under the Guaranteed withdrawal benefit for life. As described in
"Contract features and benefits" under "Guaranteed withdrawal benefit for
life," these payments will have the potential to increase with favorable
investment performance. Any remaining Guaranteed minimum death benefit value
will be transferred to the annuity payout contract as your "minimum death
benefit." If an enhanced death benefit had been elected, its value as of the
date the annuity payout contract is issued will become your minimum death
benefit, and it will no longer increase. The minimum death benefit will be
reduced dollar for dollar by each payment. If you die while there is any
minimum death benefit remaining, it will be paid to your beneficiary.

Please see Appendix IV later in this Prospectus for variations that may apply
in your state.



38  Accessing your money



5. Charges and expenses

- --------------------------------------------------------------------------------

CHARGES THAT AXA EQUITABLE DEDUCTS

We deduct the following charges each day from the net assets of each variable
investment option. These charges are reflected in the unit values of each
variable investment option:

o  A mortality and expense risks charge

o  An administrative charge

o  A distribution charge

We deduct the following charges from your account value. When we deduct these
charges from your variable investment options, we reduce the number of units
credited to your contract:

o  On each contract date anniversary -- an annual administrative charge, if
   applicable.

o  At the time you make certain withdrawals or surrender your contract -- a
   withdrawal charge.

o  On each contract date anniversary, a charge for each optional benefit that
   you elect: a death benefit (other than the Standard and GWBL Standard death
   benefit); the Guaranteed minimum income benefit; and the Guaranteed
   withdrawal benefit for life.

o  At the time annuity payments are to begin -- charges designed to approximate
   certain taxes that may be imposed on us, such as premium taxes in your state.
   An annuity administrative fee may also apply.

More information about these charges appears below. We will not increase these
charges for the life of your contract, except as noted. We may reduce certain
charges under group or sponsored arrangements. See "Group or sponsored
arrangements" later in this section.

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits
under the contracts. They are also designed, in the aggregate, to compensate us
for the risks of loss we assume pursuant to the contracts. If, as we expect,
the charges that we collect from the contracts exceed our total costs in
connection with the contracts, we will earn a profit. Otherwise, we will incur
a loss.


The rates of certain of our charges have been set with reference to estimates
of the amount of specific types of expenses or risks that we will incur. In
most cases, this Prospectus identifies such expenses or risks in the name of
the charge; however, the fact that any charge bears the name of, or is designed
primarily to defray, a particular expense or risk does not mean that the amount
we collect from that charge will never be more than the amount of such expense
or risk. Nor does it mean that we may not also be compensated for such expense
or risk out of any other charges we are permitted to deduct by the terms of the
contracts.


To help with your retirement planning, we may offer other annuities with
different charges, benefits, and features. Please contact your financial
professional for more information.

SEPARATE ACCOUNT ANNUAL EXPENSES


Mortality and expense risks charge

We deduct a daily charge from the net assets in each variable investment option
to compensate us for mortality and expense risks, including the Standard death
benefit. The daily charge is equivalent to an annual rate of 0.80% of the net
assets in each variable investment option.

The mortality risk we assume is the risk that annuitants as a group will live
for a longer time than our actuarial tables predict. If that happens, we would
be paying more in annuity income than we planned. We also assume a risk that
the mortality assumptions reflected in our guaranteed annuity payment tables,
shown in each contract, will differ from actual mortality experience. Lastly,
we assume a mortality risk to the extent that at the time of death, the
Guaranteed minimum death benefit exceeds the cash value of the contract. The
expense risk we assume is the risk that it will cost us more to issue and
administer the contracts than we expect.


Administrative charge

We deduct a daily charge from the net assets in each variable investment
option. The charge, together with the annual administrative charge described
below, is to compensate us for administrative expenses under the contracts. The
daily charge is equivalent to an annual rate of 0.30% of the net assets in each
variable investment option.


Distribution charge

We deduct a daily charge from the net assets in each variable investment option
to compensate us for a portion of our sales expenses under the contracts. The
daily charge is equivalent to an annual rate of 0.05% of the net assets in each
variable investment option.


ANNUAL ADMINISTRATIVE CHARGE

We deduct an administrative charge from your account value on each contract
date anniversary. We deduct the charge if your account value on the last
business day of the contract year is less than $50,000. If your account value
on such date is $50,000 or more, we do not deduct the charge. During the first
two contract years, the charge is equal to $30 or, if less, 2% of your account
value. The charge is $30 for contract years three and later.


We will deduct this charge from your value in the variable investment options
on a pro rata basis (other than amounts allocated to the 12-month dollar cost
averaging program from the EQ/Money Market variable investment option). If
there is insufficient value or no value in the variable investment options, any
additional amount of the withdrawal required or the total amount of the
withdrawal will be withdrawn from the 12-month dollar cost averaging option. If
the con-



                                                        Charges and expenses  39



tract is surrendered or annuitized or a death benefit is paid on a date other
than a contract date anniversary, we will deduct a pro rata portion of the
charge for that year.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits,
except as noted under "Insufficient account value" in "Determining your
contract value" earlier in this Prospectus.

WITHDRAWAL CHARGE

A withdrawal charge applies in two circumstances: (1) if you make one or more
withdrawals during a contract year that, in total, exceed the 10% free
withdrawal amount, described below, or (2) if you surrender your contract to
receive its cash value or apply your cash value to a non-life contingent payout
option. For more information about the withdrawal charge if you select an
annuity payout option, see "Your annuity payout options--The amount applied to
purchase an annuity payout option" in "Accessing your money" earlier in the
Prospectus.

The withdrawal charge equals a percentage of the contributions withdrawn. The
percentage that applies depends on how long each contribution has been invested
in the contract. We determine the withdrawal charge separately for each
contribution according to the following table:




- --------------------------------------------------------------------------------
                         Contract year
- --------------------------------------------------------------------------------
                    1     2     3     4     5     6     7     8+
- --------------------------------------------------------------------------------
                                    
   Percentage of
    contribution   7%    7%    6%    6%    5%    3%    1%    0%
- --------------------------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1," and the withdrawal
charge is reduced or expires on each applicable contract date anniversary.
Amounts withdrawn up to the free withdrawal amount are not considered
withdrawal of any contribution. We also treat contributions that have been
invested the longest as being withdrawn first. We treat contributions as
withdrawn before earnings for purposes of calculating the withdrawal charge.
However, federal income tax rules treat earnings under your contract as
withdrawn first. See "Tax information" later in this Prospectus.

Please see Appendix IV later in this Prospectus for possible withdrawal charge
schedule variations in your state.

In order to give you the exact dollar amount of the withdrawal you request, we
deduct the amount of the withdrawal and the withdrawal charge from your account
value. Any amount deducted to pay withdrawal charges is also subject to that
same withdrawal charge percentage. We deduct the charge in proportion to the
amount of the withdrawal subtracted from each investment option. The withdrawal
charge helps cover our sales expenses.

For purposes of calculating reductions in your guaranteed benefits and
associated benefit bases, the withdrawal amount includes both the withdrawal
amount paid to you and the amount of the withdrawal charge deducted from your
account value. For more information, see "Guaranteed minimum death benefit and
Guaranteed minimum income benefit base" and "How withdrawals affect your
Guaranteed minimum income benefit and Guaranteed minimum death benefit" earlier
in the Prospectus.

The withdrawal charge does not apply in the circumstances described below.

10% free withdrawal amount. Each contract year you can withdraw up to 10% of
your account value without paying a withdrawal charge. The 10% free withdrawal
amount is determined using your account value at the beginning of each contract
year. In the first contract year, the 10% free withdrawal amount is determined
using all contributions received in the first 90 days of the contract year.
Additional contributions during the contract year do not increase your 10% free
withdrawal amount. The 10% free withdrawal amount does not apply if you
surrender your contract except where required by law.

For NQ contracts issued to a charitable remainder trust, the free withdrawal
amount will equal the greater of: (1) the current account value less
contributions that have not been withdrawn (earnings in the contract) and (2)
the 10% free withdrawal amount defined above.


Certain withdrawals. If you elected the Guaranteed minimum income benefit
and/or the Greater of 6% Roll-Up to age 85 or the Annual Ratchet to age 85
enhanced death benefit, the withdrawal charge will be waived for any withdrawal
that, together with any prior withdrawals made during the contract year, does
not exceed 6% of the beginning of contract year 6% Roll-Up to age 85 benefit
base, even if such withdrawals exceed the free withdrawal amount. Also, a
withdrawal charge does not apply to a withdrawal that exceeds 6% of the
beginning of contract year 6% Roll-Up to age 85 benefit base as long as it does
not exceed the free withdrawal amount. If your withdrawals exceed the amount
described above, this waiver is not applicable to that withdrawal nor to any
subsequent withdrawal for the life of the contract.


If you elect the Guaranteed withdrawal benefit for life, we will waive any
withdrawal charge for any withdrawals during the contract year up to the
Guaranteed annual withdrawal amount, even if such withdrawals exceed the free
withdrawal amount. However, each withdrawal reduces the free withdrawal amount
for that contract year by the amount of the withdrawal. Also, a withdrawal
charge does not apply to a withdrawal that exceeds the Guaranteed annual
withdrawal amount as long as it does not exceed the free withdrawal amount.
Withdrawal charges, if applicable, are applied to the amount of the withdrawal
that exceeds both the free withdrawal amount and the Guaranteed annual
withdrawal amount.

Disability, terminal illness, or confinement to nursing home.
The withdrawal charge also does not apply if:

(i)   An owner (or older joint owner, if applicable) has qualified to receive
      Social Security disability benefits as certified by the Social Security
      Administration; or

(ii)  We receive proof satisfactory to us (including certification by a licensed
      physician) that an owner's (or older joint owner's, if applicable) life
      expectancy is six months or less; or

(iii) An owner (or older joint owner, if applicable) has been confined to a
      nursing home for more than 90 days (or such other period, as required in
      your state) as verified by a licensed physician. A nursing home for this
      purpose means one that is (a) approved by Medicare as a provider of
      skilled nursing care service, or (b)


40  Charges and expenses



      licensed as a skilled nursing home by the state or territory in which it
      is located (it must be within the United States, Puerto Rico, or U.S.
      Virgin Islands) and meets all of the following:

- - its main function is to provide skilled, intermediate, or custodial nursing
  care;
- - it provides continuous room and board to three or more persons;
- - it is supervised by a registered nurse or licensed practical nurse;
- - it keeps daily medical records of each patient;
- - it controls and records all medications dispensed; and
- - its primary service is other than to provide housing for residents.

We reserve the right to impose a withdrawal charge, in accordance with your
contract and applicable state law, if the conditions described in (i), (ii) or
(iii) above existed at the time a contribution was remitted or if the condition
began within 12-months of the period following remittance. Some states may not
permit us to waive the withdrawal charge in the above circumstances, or may
limit the circumstances for which the withdrawal charge may be waived. Your
financial professional can provide more information or you may contact our
processing office.


GUARANTEED MINIMUM DEATH BENEFIT CHARGE

ANNUAL RATCHET TO AGE 85. If you elect the Annual Ratchet to age 85 enhanced
death benefit, we deduct a charge annually from your account value on each
contract date anniversary for which it is in effect. The charge is equal to
0.25% of the Annual Ratchet to age 85 benefit base.


GREATER OF 6% ROLL-UP TO AGE 85 OR ANNUAL RATCHET TO AGE 85. If you elect this
enhanced death benefit, we deduct a charge annually from your account value on
each contract date anniversary for which it is in effect. The charge is equal
to 0.65% of the greater of the 6% Roll-Up to age 85 or the Annual Ratchet to
age 85 benefit base.


GWBL ENHANCED DEATH BENEFIT. This death benefit is only available if you elect
the GWBL option. If you elect this enhanced death benefit, we deduct a charge
annually from your account value on each contract date anniversary. The charge
is equal to 0.30% of the GWBL Enhanced death benefit base.

For the GWBL Enhanced death benefit, we will deduct this charge from your value
in the variable investment options on a pro rata basis. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.

If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.

STANDARD DEATH BENEFIT AND GWBL STANDARD DEATH BENEFIT. There is no additional
charge for these standard death benefits.


GUARANTEED MINIMUM INCOME BENEFIT CHARGE

If you elect the Guaranteed minimum income benefit, we deduct a charge annually
from your account value on each contract date anniversary until such time as
you exercise the Guaranteed minimum income benefit, elect another annuity
payout option, or the contract date anniversary after the annuitant reaches age
85, whichever occurs first. The charge is equal to 0.65% of the applicable
benefit base in effect on the contract date anniversary. If the contract is
surrendered or annuitized or a death benefit is paid on a date other than a
contract date anniversary, we will deduct a pro rata portion of the charge for
that year.


We will deduct this charge from your value in the variable investment options
on a pro rata basis (other than amounts allocated to the 12-month dollar cost
averaging program from the EQ/Money Market variable investment option). If
there is insufficient value or no value in the variable investment options, any
additional amount of the withdrawal required or the total amount of the
withdrawal will be withdrawn from the 12-month dollar cost averaging option.


If your account value is insufficient to pay this charge, your contract will
terminate without value and you will lose any applicable guaranteed benefits
except as noted under "Insufficient account value" in "Determining your
contract's value" earlier in this Prospectus.


GUARANTEED WITHDRAWAL BENEFIT FOR LIFE BENEFIT CHARGE


If you elect the Guaranteed withdrawal benefit for life ("GWBL"), we deduct a
charge annually as a percentage of your GWBL benefit base on each contract date
anniversary. If you elect the Single Life option, the charge is equal to 0.60%.
If you elect the Joint Life option, the charge is equal to 0.75%. If the
contract is surrendered or annuitized or a death benefit is paid on a date
other than a contract date anniversary, we will deduct a pro rata portion of
the charge for that year. We will deduct this charge from your value in the
variable investment options on a pro rata basis. (See Appendix IV later in this
Prospectus.)

GWBL BENEFIT BASE ANNUAL RATCHET CHARGE. If your GWBL benefit base ratchets, we
reserve the right to raise the charge at the time of an Annual Ratchet. The
maximum charge for the Single Life option is 0.75%. The maximum charge for the
Joint Life option is 0.90%. The increased charge, if any, will apply as of the
contract date anniversary on which your GWBL benefit base ratchets and on all
contract date anniversaries thereafter. We will permit you to opt out of the
ratchet if the charge increases.


For Joint life contracts, if the successor owner or joint annuitant is dropped
before you take your first withdrawal, or if you die prior to taking your first
withdrawal and the successor owner becomes the sole owner, we will adjust the
charge at that time to reflect a Single life. If the successor owner or joint
annuitant is dropped after withdrawals begin, or if you die after withdrawals
begin the charge will continue based on a Joint life basis.

CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES

We deduct a charge designed to approximate certain taxes that may be imposed on
us, such as premium taxes in your state. Generally, we deduct the charge from
the amount applied to provide an annuity payout option. The current tax charge
that might be imposed varies by jurisdiction and ranges from 0% to 3.5%.


                                                        Charges and expenses  41



VARIABLE IMMEDIATE ANNUITY PAYOUT OPTION
ADMINISTRATIVE FEE

We currently deduct a fee of $350 from the amount to be applied to the Variable
Immediate Annuity payout option. This option may not be available at the time
you elect to annuitize or it may have a different charge.


CHARGES THAT THE TRUSTS DEDUCT

The Trusts deduct charges for the following types of fees and expenses:


o  Management fees ranging from 0.10% to 0.33%.


o  12b-1 fees of 0.25%.

o  Operating expenses, such as trustees' fees, independent public accounting
   firms' fees, legal counsel fees, administrative service fees, custodian fees
   and liability insurance.

o  Investment-related expenses, such as brokerage commissions.


These charges are reflected in the daily share price of each portfolio. Since
shares of each Trust are purchased at their net asset value, these fees and
expenses are, in effect, passed on to the variable investment options and are
reflected in their unit values. Certain portfolios available under the contract
in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ
Advisors Trust and/or shares of unaffiliated portfolios (collectively, the
"underlying portfolios"). The underlying portfolios each have their own fees
and expenses, including management fees, operating expenses, and investment
related expenses such as brokerage commissions. For more information about
these charges, please refer to the prospectuses for the Trusts.



GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal
charge or the mortality and expense risks charge, or change the minimum initial
contribution requirements. We also may change the Guaranteed minimum income
benefit or the Guaranteed minimum death benefit, or offer variable investment
options that invest in shares of the Trusts that are not subject to the 12b-1
fee. Group arrangements include those in which a trustee or an employer, for
example, purchases contracts covering a group of individuals on a group basis.
Group arrangements are not available for IRA contracts. Sponsored arrangements
include those in which an employer allows us to sell contracts to its employees
or retirees on an individual basis.


Our costs for sales, administration and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.


We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation will reflect differences in costs or services and will not
be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
ERISA or both. We make no representations with regard to the impact of these
and other applicable laws on such programs. We recommend that employers,
trustees, and others purchasing or making contracts available for purchase
under such programs seek the advice of their own legal and benefits advisers.


OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate charges when sales are made in a manner that results
in savings of sales and administrative expenses, such as sales through persons
who are compensated by clients for recommending investments and who receive no
commission or reduced commissions in connection with the sale of the contracts.
We will not permit a reduction or elimination of charges where it would be
unfairly discriminatory.


42  Charges and expenses



6. Payment of death benefit

- --------------------------------------------------------------------------------

YOUR BENEFICIARY AND PAYMENT OF BENEFIT

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective as of the date the
written request is executed, whether or not you are living on the date the
change is received in our processing office. We are not responsible for any
beneficiary change request that we do not receive. We will send you a written
confirmation when we receive your request.

Under jointly owned contracts, the surviving owner is considered the
beneficiary, and will take the place of any other beneficiary. In a QP
contract, the beneficiary must be the trustee. Where an NQ contract is owned
for the benefit of a minor pursuant to the Uniform Gift to Minors Act or the
Uniform Transfers to Minors Act, the beneficiary must be the estate of the
minor. Where an IRA contract is owned in a custodial individual retirement
account, the custodian must be the beneficiary.

The death benefit is equal to your account value or, if greater, the applicable
Guaranteed minimum death benefit. We determine the amount of the death benefit
(other than the applicable Guaranteed minimum death benefit) as of the date we
receive satisfactory proof of the owner's (or older joint owner's, if
applicable) death, any required instructions for the method of payment, forms
necessary to effect payment and any other information we may require. The
amount of the applicable Guaranteed minimum death benefit will be such
Guaranteed minimum death benefit as of the date of the owner's (or older joint
owner's, if applicable) death adjusted for any subsequent withdrawals.

Your beneficiary designation may specify the form of death benefit payout (such
as a life annuity), provided the payout you elect is one that we offer both at
the time of designation and when the death benefit is payable. In general, the
beneficiary will have no right to change the election. You should be aware that
(i) in accordance with current federal income tax rules, we apply a
predetermined death benefit annuity payout election only if payment of the
death benefit amount begins within one year following the date of death, which
payment may not occur if the beneficiary has failed to provide all required
information before the end of that period, (ii) we will not apply the
predetermined death benefit payout election if doing so would violate any
federal income tax rules or any other applicable law, and (iii) a beneficiary
or a successor owner who continues the contract under one of the continuation
options described below will have the right to change your annuity payout
election.

In general, if the annuitant dies, the owner (or older joint owner, if
applicable) will become the annuitant, and the death benefit is not payable.


EFFECT OF THE OWNER'S DEATH

In general, if the owner dies while the contract is in force, the contract
terminates and the applicable death benefit is paid. If the contract is jointly
owned, the death benefit is payable upon the death of the older owner. If the
contract has a non-natural owner, the death benefit is payable upon the death
of the annuitant. For Joint Life contracts with GWBL, the death benefit is paid
to the beneficiary at the death of the second to die of the owner and successor
owner, or the annuitant and joint annuitant, as applicable.

There are various circumstances, however, in which the contract can be
continued by a successor owner or under a Beneficiary continuation option
("BCO"). For contracts with spouses who are joint owners, the surviving spouse
will automatically be able to continue the contract under the "Spousal
continuation" feature, as discussed below. For contracts with non-spousal joint
owners, the joint owner will be able to continue the contract as a successor
owner subject to the limitations discussed below under "Non-spousal joint owner
contract continuation." If you are the sole owner and your spouse is the sole
primary beneficiary, your surviving spouse can continue the contract as a
successor owner as discussed below, under "Spousal continuation."

If the beneficiary is not the surviving spouse or if the surviving joint owner
is not the surviving spouse, federal income tax rules generally require
payments of amounts under the contract to be made within five years of an
owner's death (the "5-year rule"). In certain cases, an individual beneficiary
or non-spousal surviving joint owner may opt to receive payments over his/her
life (or over a period not in excess of his/her life expectancy) if payments
commence within one year of the owner's death. Any such election must be made
in accordance with our rules at the time of death. If the beneficiary of a
contract with one owner or a younger non-spousal joint owner continues the
contract under the 5-year rule, in general, all guaranteed benefits and their
charges will end. For more information on non-spousal joint owner contract
continuation, see the section immediately below.


NON-SPOUSAL JOINT OWNER CONTRACT CONTINUATION

Upon the death of either owner, the surviving joint owner becomes the sole
owner.

Any death benefit (if the older owner dies first) or cash value (if the younger
owner dies first) must be fully paid to the surviving joint owner within five
years. The surviving owner may instead elect to receive a life annuity,
provided payments begin within one year of the deceased owner's death. If the
life annuity is elected, the contract and all benefits terminate.

If the older owner dies first, we will increase the account value to equal the
Guaranteed minimum death benefit. The surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the Beneficiary
continuation option. If the contract continues, the Guaranteed minimum death
benefit and charge and the Guaranteed minimum income benefit and charge will
then be discontinued. Withdrawal charges will no longer apply, and no
additional contributions will be permitted.


                                                    Payment of death benefit  43



If the younger owner dies first, the surviving owner can elect to (1) take a
lump sum payment; (2) annuitize within one year; (3) continue the contract for
up to five years; or (4) continue the contract under the beneficiary
continuation option. If the contract continues, the death benefit is not
payable, and the Guaranteed minimum death benefit, if applicable, will continue
without change. If the Guaranteed minimum income benefit cannot be exercised
within the period required by federal tax laws, the benefit and charge will
terminate as of the date we receive proof of death. Withdrawal charges will
continue to apply and no additional contributions will be permitted.


SPOUSAL CONTINUATION

If you are the contract owner and your spouse is the sole primary beneficiary
or you jointly own the contract with your spouse, your spouse may elect to
continue the contract as successor owner upon your death. Spousal beneficiaries
(who are not also joint owners) must be 85 or younger as of the date of the
deceased spouse's death in order to continue the contract under Spousal
continuation.

The younger spouse joint owner (for NQ contracts only) or the spouse
beneficiary (under a Single owner contract), may elect to receive the death
benefit or continue the contract, as follows:

o  As of the date we receive satisfactory proof of your death, any required
   instructions, information and forms necessary, we will increase the account
   value to equal the elected Guaranteed minimum death benefit as of the date of
   your death if such death benefit is greater than such account value and
   adjusted for any subsequent withdrawals. The increase in the account value
   will be allocated to the investment options according to the allocation
   percentages we have on file for your contract.

o  In general, withdrawal charges will no longer apply to contributions made
   before your death. Withdrawal charges will apply if additional contributions
   are made.

o  The applicable Guaranteed minimum death benefit option may continue as
   follows:

      o  If the surviving spouse is age 75 or younger on the date of your death,
         and you were age 84 or younger at death, the Guaranteed minimum death
         benefit you elected continues and will continue to grow according to
         its terms until the contract date anniversary following the surviving
         spouse's 85th birthday.

      o  If the surviving spouse is age 75 or younger on the date of your death,
         and you were age 85 or older at death, we will reinstate the Guaranteed
         minimum death benefit you elected. The benefit base (which had
         previously been frozen at age 85) will now continue to grow according
         to its terms until the contract date anniversary following the
         surviving spouse's 85th birthday.

      o  If the surviving spouse is age 76 or over on the date of your death,
         the Guaranteed minimum death benefit and charge will be discontinued.

      o  If the Guaranteed minimum death benefit continues, the Guaranteed
         minimum death benefit/Guaranteed minimum income benefit roll-up benefit
         base reset, if applicable, will be based on the surviving spouse's age
         at the time of your death. The next available reset will be based on
         the contract issue date or last reset, as applicable.

      o  For single owner contracts with the GWBL Enhanced death benefit, we
         will discontinue the benefit and charge. However, we will freeze the
         GWBL Enhanced death benefit benefit base as of the date of your death
         (less subsequent withdrawals), and pay it upon your spouse's death.

o  The Guaranteed minimum income benefit may continue if the benefit had not
   already terminated and the benefit will be based on the surviving spouse's
   age at the date of the deceased spouse's death. See "Guaranteed minimum
   income benefit" in "Contract features and benefits" earlier in this
   Prospectus.

o  If you elect the Guaranteed withdrawal benefit for life on a Joint life
   basis, the benefit and charge will remain in effect and no death benefit is
   payable until the death of the surviving spouse. Withdrawal charges will
   continue to apply to all contributions made prior to the deceased spouse's
   death. No additional contributions will be permitted. If you elect the
   Guaranteed withdrawal benefit for life on a Single life basis, the benefit
   and charge will terminate.

o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant.

Where an NQ contract is owned by a Living Trust, as defined in the contract,
and at the time of the annuitant's death the annuitant's spouse is the sole
beneficiary of the Living Trust, the Trustee, as owner of the contract, may
request that the spouse be substituted as annuitant as of the date of the
annuitant's death. No further change of annuitant will be permitted.

Where an IRA contract is owned in a custodial individual retirement account,
and your spouse is the sole beneficiary of the account, the custodian may
request that the spouse be substituted as annuitant after your death.

For jointly owned NQ contracts, if the younger spouse dies first no death
benefit is paid, and the contract continues as follows:

o  The Guaranteed minimum death benefit and the Guaranteed minimum income
   benefit continue to be based on the older spouse's age for the life of the
   contract.

o  If the deceased spouse was the annuitant, the surviving spouse becomes the
   annuitant.

o  If you elect the Guaranteed withdrawal benefit for life, the benefit and
   charge will remain in effect and no death benefit is payable until the death
   of the surviving spouse.

o  The withdrawal charge schedule remains in effect.

If there is a change in owner or primary beneficiary, the Spousal continuation
option will be terminated. If you divorce, Spousal continuation does not apply.



BENEFICIARY CONTINUATION OPTION

This feature permits a designated individual, on the contract owner's death, to
maintain a contract in the deceased contract owner's name


44  Payment of death benefit



and receive distributions under the contract, instead of receiving the death
benefit in a single sum. We make this option available to beneficiaries under
traditional IRA, Roth IRA and NQ contracts, subject to state availability.
Please speak with your financial professional or see Appendix IV later in this
Prospectus for further information.

Where an IRA contract is owned in a custodial individual retirement account,
the custodian may reinvest the death benefit in an individual retirement
annuity contract, using the account beneficiary as the annuitant. Please speak
with your financial professional for further information. For Joint life
contracts with GWBL, BCO is only available after the death of the second owner.


BENEFICIARY CONTINUATION OPTION FOR TRADITIONAL IRA AND ROTH IRA CONTRACTS
ONLY. The beneficiary continuation option must be elected by September 30th of
the year following the calendar year of your death and before any other
inconsistent election is made. Beneficiaries who do not make a timely election
will not be eligible for this option. If the election is made, then, as of the
date we receive satisfactory proof of death, any required instructions,
information and forms necessary to effect the beneficiary continuation option
feature, we will increase the account value to equal the applicable death
benefit if such death benefit is greater than such account value, adjusted for
any subsequent withdrawals.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy (determined in the calendar year after your death
and determined on a term certain basis). These payments must begin no later
than December 31st of the calendar year after the year of your death. For sole
spousal beneficiaries, payments may begin by December 31st of the calendar year
in which you would have reached age 70-1/2, if such time is later. For
traditional IRA contracts only, if you die before your Required Beginning Date
for Required Minimum Distributions, as discussed later in this Prospectus in
"Tax information" under "Individual retirement arrangements (IRAs)," the
beneficiary may choose the "5-year rule" option instead of annual payments over
life expectancy. The 5-year rule is always available to beneficiaries under
Roth IRA contracts. If the beneficiary chooses this option, the beneficiary may
take withdrawals as desired, but the entire account value must be fully
withdrawn by December 31st of the calendar year which contains the fifth
anniversary of your death.

Under the beneficiary continuation option for IRA and Roth IRA contracts:

o  The contract continues in your name for the benefit of your beneficiary.

o  The beneficiary replaces the deceased owner as annuitant.

o  This feature is only available if the beneficiary is an individual. Certain
   trusts with only individual beneficiaries will be treated as individuals for
   this purpose.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the beneficiary's own
   life expectancy, if payments over life expectancy are chosen.

o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment .options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, the Guaranteed withdrawal benefit for life or the
   GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

o  The beneficiary may choose at any time to withdraw all or a portion of the
   account value and no withdrawal charges, if any, will apply.

o  Any partial withdrawal must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking required minimum distributions based on
   the remaining life expectancy of the deceased beneficiary or to receive any
   remaining interest in the contract in a lump sum. The option elected will be
   processed when we receive satisfactory proof of death, any required
   instructions for the method of payment and any required information and forms
   necessary to effect payment.

BENEFICIARY CONTINUATION OPTION FOR NQ CONTRACTS ONLY. This feature, also known
as Inherited annuity, may only be elected when the NQ contract owner dies
before the annuity maturity date, whether or not the owner and the annuitant
are the same person. For purposes of this discussion, "beneficiary" refers to
the successor owner. This feature must be elected within 9 months following the
date of your death and before any other inconsistent election is made.
Beneficiaries who do not make a timely election will not be eligible for this
option.

Generally, payments will be made once a year to the beneficiary over the
beneficiary's life expectancy, determined on a term certain basis and in the
year payments start. These payments must begin no later than one year after the
date of your death and are referred to as "scheduled payments." The beneficiary
may choose the "5-year rule" instead of scheduled payments over life
expectancy. If the beneficiary chooses the 5-year rule, there will be no
scheduled payments. Under the 5-year rule, the beneficiary may take withdrawals
as desired, but the entire account value must be fully withdrawn by the fifth
anniversary of your death.

Under the beneficiary continuation option for NQ contracts:

o  This feature is only available if the beneficiary is an individual. It is not
   available for any entity such as a trust, even if all of the beneficiaries of
   the trust are individuals.

o  The beneficiary automatically replaces the existing annuitant.

o  The contract continues in your name for the benefit of your beneficiary.

o  If there is more than one beneficiary, each beneficiary's share will be
   separately accounted for. It will be distributed over the respective
   beneficiary's own life expectancy, if scheduled payments are chosen.


                                                    Payment of death benefit  45



o  The minimum amount that is required in order to elect the beneficiary
   continuation option is $5,000 for each beneficiary.

o  The beneficiary may make transfers among the investment options but no
   additional contributions will be permitted.

o  If you had elected the Guaranteed minimum income benefit, an optional
   enhanced death benefit, the Guaranteed withdrawal benefit for life or the
   GWBL Enhanced death benefit under the contract, they will no longer be in
   effect and charges for such benefits will stop. Also, any Guaranteed minimum
   death benefit feature will no longer be in effect.

o  If the beneficiary chooses the "5-year rule," withdrawals may be made at any
   time. If the beneficiary instead chooses scheduled payments, the beneficiary
   must also choose between two potential withdrawal options at the time of
   election. If the beneficiary chooses "Withdrawal Option 1", the beneficiary
   cannot later withdraw funds in addition to the scheduled payments the
   beneficiary is receiving; "Withdrawal Option 1" permits total surrender only.
   "Withdrawal Option 2" permits the beneficiary to take withdrawals, in
   addition to scheduled payments, at any time. However, the scheduled payments
   under "Withdrawal Option 1" are afforded favorable tax treatment as "annuity
   payments." See "Taxation of nonqualified annuities" in "Tax Information"
   later in this Prospectus.

o  Any partial withdrawals must be at least $300.

o  Your beneficiary will have the right to name a beneficiary to receive any
   remaining interest in the contract on the beneficiary's death.

o  Upon the death of your beneficiary, the beneficiary he or she has named has
   the option to either continue taking scheduled payments based on the
   remaining life expectancy of the deceased beneficiary (if scheduled payments
   were chosen) or to receive any remaining interest in the contract in a lump
   sum. We will pay any remaining interest in the contract in a lump sum if your
   beneficiary elects the 5-year rule. The option elected will be processed when
   we receive satisfactory proof of death, any required instructions for the
   method of payment and any required information and forms necessary to effect
   payment.

If the deceased is the owner or older joint owner:

o  As of the date we receive satisfactory proof of death, any required
   instructions, information and forms necessary to effect the Beneficiary
   continuation option feature, we will increase the account value to equal the
   applicable death benefit if such death benefit is greater than such account
   value adjusted for any subsequent withdrawals.

o  No withdrawal charges will apply to any withdrawals by the beneficiary.

If the deceased is the younger non-spousal joint owner:

o  The annuity account value will not be reset to the death benefit amount.

o  The contract's withdrawal charge schedule will continue to be applied to any
   withdrawal or surrender other than scheduled payments; the contract's free
   withdrawal amount will continue to apply to withdrawals but does not apply to
   surrenders.

o  We do not impose a withdrawal charge on scheduled payments except if, when
   added to any withdrawals previously taken in the same contract year,
   including for this purpose a contract surrender, the total amount of
   withdrawals and scheduled payments exceed the free withdrawal amount. See the
   "Withdrawal charges" in "Charges and expenses" earlier in this Prospectus.


46  Payment of death benefit



7. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the Prospectus, we discuss the current federal income tax rules
that generally apply to Stylus(SM) contracts owned by United States individual
taxpayers. The tax rules can differ, depending on the type of contract, whether
NQ, traditional IRA, Roth IRA or QP. Therefore, we discuss the tax aspects of
each type of contract separately.

Federal income tax rules include the United States laws in the Internal Revenue
Code, and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate, or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.


BUYING A CONTRACT TO FUND A RETIREMENT ARRANGEMENT


Generally, there are two types of funding vehicles that are available for
Individual Retirement Arrangements ("IRAs"): an IRA annuity contract such as
this one, or an IRA custodial or trusteed account. Annuity contracts can also
be purchased in connection with retirement plans qualified under Code Section
401 ("QP contracts"). How these arrangements work, including special rules
applicable to each, are described in the specific sections for each type of
arrangement, below. You should be aware that the funding vehicle for a
qualified arrangement does not provide any tax deferral benefit beyond that
already provided by the Code for all permissible funding vehicles. Before
choosing an annuity contract, therefore, you should consider the annuity's
features and benefits, such as Stylus(SM)'s choice of death benefits, the
Guaranteed withdrawal benefit for life, the Guaranteed minimum income benefit,
special dollar cost averaging, selection of variable investment options,
guaranteed interest option, fixed maturity options and its choices of payout
options, as well as the features and benefits of other permissible funding
vehicles and the relative costs of annuities and other arrangements. You should
be aware that cost may vary depending on the features and benefits made
available and the charges and expenses of the investment options or funds that
you elect.


Beginning in 2006, certain provisions of the Treasury Regulations on required
minimum distributions concerning the actuarial present value of additional
contract benefits could increase the amount required to be distributed from
annuity contracts funding qualified plans and IRAs. For this purpose additional
annuity contract benefits may include, but are not limited to, guaranteed
minimum income benefits and enhanced death benefits. You should consider the
potential implication of these Regulations before you purchase this annuity
contract or purchase additional features under this annuity contract. See also
Appendix I at the end of this Prospectus for a discussion of QP contracts.


TRANSFERS AMONG INVESTMENT OPTIONS

You can make transfers among investment options inside the contract without
triggering taxable income.


TAXATION OF NONQUALIFIED ANNUITIES


CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.


CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal or as an annuity
payment. However, earnings are taxable, even without a distribution:

o  if a contract fails investment diversification requirements as specified in
   federal income tax rules (these rules are based on or are similar to those
   specified for mutual funds under the securities laws);

o  if you transfer a contract, for example, as a gift to someone other than your
   spouse (or former spouse);

o  if you use a contract as security for a loan (in this case, the amount
   pledged will be treated as a distribution); and

o  if the owner is other than an individual (such as a corporation, partnership,
   trust, or other non-natural person). This provision does not apply to a trust
   which is a mere agent or nominee for an individual, such as a grantor trust.

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract for calculating the taxable amount of any distribution
from any of those contracts.


                                                             Tax information  47



TAXATION OF LIFETIME WITHDRAWALS IF YOU ELECT GUARANTEED
WITHDRAWAL BENEFIT FOR LIFE

We treat Guaranteed annual payments and other withdrawals as non-annuity
payments for income tax purposes. These withdrawals are taxable to you as
ordinary income if there are earnings in the contract. Generally, earnings are
your account value less your investment in the contract. Generally, your
investment in the contract equals the contributions you made, less any amounts
you previously withdrew that were not taxable. If you withdraw an amount which
is more than the earnings in the contract as of the date of the withdrawal, the
balance of the distribution is treated as a return of your investment in the
contract and is not taxable. It reduces the investment in the contract.


ANNUITY PAYMENTS

Guaranteed annual payments that are continued after your account value goes to
zero under a supplementary life annuity contract, as discussed under
"Guaranteed withdrawal benefit for life ("GWBL")" in "Contract features and
benefits" earlier in this Prospectus, as well as GMIB and other annuitization
payments that are based on life or life expectancy, are considered annuity
payments for tax purposes. Once annuity payments begin, a portion of each
payment is taxable as ordinary income. You get back the remaining portion
without paying taxes on it. This is your unrecovered investment in the
contract. Generally, your investment in the contract equals the contributions
you made, less any amounts you previously withdrew that were not taxable.

For fixed annuity payments, the tax-free portion of each payment is determined
by (1) dividing your investment in the contract by the total amount you are
expected to receive out of the contract, and (2) multiplying the result by the
amount of the payment. For variable annuity payments, your tax-free portion of
each payment is your investment in the contract divided by the number of
expected payments.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.


PAYMENTS MADE BEFORE ANNUITY PAYMENTS BEGIN

If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the withdrawal, the balance of the distribution is
treated as a return of your investment in the contract and is not taxable.


CONTRACTS PURCHASED THROUGH EXCHANGES

You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  the contract that is the source of the funds you are using to purchase the NQ
   contract is another nonqualified deferred annuity contract or life insurance
   or endowment contract.

o  the owner and the annuitant are the same under the source contract and the
   Stylus(SM) NQ contract. If you are using a life insurance or endowment
   contract the owner and the insured must be the same on both sides of the
   exchange transaction.

The tax basis, also referred to as your investment in the contract, of the
source contract carries over to the Stylus(SM) NQ contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required
to process this type of an exchange.

Section 1035 exchanges are generally not available after the death of the
owner.


SURRENDERS

If you surrender or cancel the contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.


DEATH BENEFIT PAYMENTS MADE TO A BENEFICIARY AFTER YOUR DEATH

For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


BENEFICIARY CONTINUATION OPTION

We have received a private letter ruling from the IRS regarding certain tax
consequences of scheduled payments under the beneficiary continuation option
for a prior similar version of the NQ contract. See the discussion "Beneficiary
continuation option for NQ Contracts only" in "Payment of death benefit"
earlier in this Prospectus. Among other things, the IRS rules that:

o  scheduled payments under the beneficiary continuation option for NQ contracts
   satisfy the death of owner rules of Section 72(s)(2) of the Code, regardless
   of whether the beneficiary elects "Withdrawal Option 1" or "Withdrawal Option
   2";

o  scheduled payments, any additional withdrawals under "Withdrawal Option 2",
   or contract surrenders under "Withdrawal Option 1" will only be taxable to
   the beneficiary when amounts are actually paid, regardless of the "Withdrawal
   Option" selected by the beneficiary;

o  a beneficiary who irrevocably elects scheduled payments with "Withdrawal
   Option 1" will receive "excludable amount" tax treatment on scheduled
   payments. See "Annuity payments" earlier in this section. If the beneficiary
   elects to surrender the contract before all scheduled payments are paid, the
   amount received upon surrender is a non-annuity payment taxable to the extent
   it exceeds any remaining investment in the contract.



48  Tax information



The ruling specifically does not address the taxation of any payments received
by a beneficiary electing "Withdrawal Option 2" (whether scheduled payments or
any withdrawal that might be taken).

The tax treatment of a withdrawal after the death of the owner taken as a
single sum or taken as withdrawals under the 5-year rule is generally the same
as the tax treatment of a withdrawal from or surrender of your contract.


EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2, a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax.
Some of the available exceptions to the pre-age 59-1/2 penalty tax include
distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancy) of you
   and a beneficiary, in accordance with IRS formulas. We do not anticipate that
   Guaranteed annual withdrawals made under the Guaranteed withdrawal benefit
   for life's Maximum or Customized payment plan or taken as lump sums will
   qualify for this exception if made before 59-1/2.


INVESTOR CONTROL ISSUES

Under certain circumstances, the IRS has stated that you could be treated as
the owner (for tax purposes) of the assets of Separate Account 49. If you were
treated as the owner, you would be taxable on income and gains attributable to
the shares of the underlying portfolios.

The circumstances that would lead to this tax treatment would be that, in the
opinion of the IRS, you could control the underlying investment of Separate
Account 49. The IRS has said that the owners of variable annuities will not be
treated as owning the separate account assets provided the underlying
portfolios are restricted to variable life and annuity assets. The variable
annuity owners must have the right only to choose among the portfolios, and
must have no right to direct the particular investment decisions within the
portfolios.

Although we believe that, under current IRS guidance, you would not be treated
as the owner of the assets of Separate Account 49, there are some issues that
remain unclear. For example, the IRS has not issued any guidance as to whether
having a larger number of portfolios available, or an unlimited right to
transfer among them, could cause you to be treated as the owner. We do not know
whether the IRS will ever provide such guidance or whether such guidance, if
unfavorable, would apply retroactively to your contract. Furthermore, the IRS
could reverse its current guidance at any time. We reserve the right to modify
your contract as necessary to prevent you from being treated as the owner of
the assets of Separate Account 49.


SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The calculation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.


INDIVIDUAL RETIREMENT ARRANGEMENTS (IRAS)


GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets funding the account for the benefit of the IRA owner. The assets
typically include mutual funds and/or individual stocks and securities in a
custodial account, and bank certificates of deposit in a trusteed account. In
an individual retirement annuity, an insurance company issues an annuity
contract that serves as the IRA.

There are two basic types of IRAs, as follows:

o  Traditional IRAs, typically funded on a pre-tax basis, including SEP-IRAs and
   SIMPLE IRAs issued and funded in connection with employer-sponsored
   retirement plans; and

o  Roth IRAs, funded on an after-tax basis.

Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).

AXA Equitable designs its IRA contracts to qualify as individual retirement
annuities under Section 408(b) of the Internal Revenue Code. You may purchase
the contract as a traditional IRA or Roth IRA. The traditional IRAs we offer
are the Rollover IRA and Flexible Premium IRA. The versions of the Roth IRA
available are the Roth IRA and Flexible Premium Roth IRA. We also offer the
Inherited IRA for payment of post-death required minimum distributions from
traditional IRAs and Roth IRAs. This Prospectus contains the information that
the IRS requires you to have before you purchase an IRA. The first section
covers some of the special tax rules that apply to traditional IRAs. The next
section covers Roth IRAs. The disclosure generally assumes direct ownership of
the individual retirement annuity contract. For contracts


                                                             Tax information  49



owned in a custodial individual retirement account, the disclosure will apply
only if you terminate your account or transfer ownership of the contract to
yourself.

We describe the amount and types of charges that may apply to your
contributions under "Charges and expenses" earlier in this Prospectus. We
describe the method of calculating payments under "Accessing your money"
earlier in this Prospectus. We do not guarantee or project growth in any
variable income annuitization option payments (as opposed to payments from a
fixed income annuitization option).

AXA Equitable has applied for opinion letters from the IRS to approve the
respective forms of nearly identical prior versions of the traditional and Roth
IRA contracts for use as a traditional and Roth IRA, respectively. It is not
clear whether and when any such approval may be received. We have in the past
received IRS opinion letters approving the respective forms of similar
traditional IRA and Roth IRA endorsements for use as a traditional and Roth
IRA, respectively. This IRS approval is a determination only as to the form of
the annuity. It does not represent a determination of the merits of the annuity
as an investment. The contracts submitted for IRS approval do not include every
feature possibly available under the Stylus(SM) traditional and Roth IRA
contracts.

AXA Equitable has also submitted the respective forms of the Inherited IRA
beneficiary continuation contract to the IRS for approval as to form for use as
a traditional IRA or Roth IRA, respectively. We do not know if and when any
such approval may be granted.

Your right to cancel within a certain number of days

You can cancel any version of the Stylus(SM) IRA contract (traditional IRA or
Roth IRA) by following the directions in "Your right to cancel with a certain
number of days" under "Contract features and benefits" earlier in this
Prospectus. If you cancel a traditional IRA or Roth IRA contract, we may have
to withhold tax, and we must report the transaction to the IRS. A contract
cancellation could have an unfavorable tax impact.

Traditional individual retirement annuities (traditional IRAs)

Contributions to traditional IRAs. Individuals may make three different types
of contributions to purchase a traditional IRA or as subsequent contributions
to an existing IRA:

o    "regular" contributions out of earned income or compensation; or

o    tax-free "rollover" contributions; or

o    direct custodian-to-custodian transfers from other traditional IRAs
     ("direct transfers").


Regular contributions to traditional IRAs

Limits on contributions. The "maximum regular contribution amount" for any
taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007. For 2008, the amount is
$5,000. When your earnings are below $4,000 your earned income or compensation
for the year is the most you can contribute. This limit does not apply to
rollover contributions or direct custodian-to-custodian transfers into a
traditional IRA. You cannot make regular traditional IRA contributions for the
tax year in which you reach age 70-1/2 or any tax year after that.

If you reach age 50 before the close of the taxable year for which you are
making a regular contribution to your IRA, you may be eligible to make an
additional "catch-up contribution" of up to $1,000 to your traditional IRA for
2007 and after.

Special rules for spouses. If you are married and file a joint income tax
return, you and your spouse may combine your compensation to determine the
amount of regular contributions you are permitted to make to traditional IRAs
(and Roth IRAs discussed below). Even if one spouse has no compensation or
compensation under $4,000, married individuals filing jointly can contribute up
to $8,000 for 2007 to any combination of traditional IRAs and Roth IRAs. For
2008, the amount is $10,000. Any contributions to Roth IRAs reduce the ability
to contribute to traditional IRAs and vice versa. The maximum amount may be
less if earned income is less and the other spouse has made IRA contributions.
No more than a combined total of $4,000 can be contributed annually to either
spouse's traditional and Roth IRAs. Each spouse owns his or her traditional
IRAs and Roth IRAs even if the other spouse funded the contributions. A working
spouse age 70-1/2 or over can contribute up to the lesser of $4,000 or 100% of
"earned income" to a traditional IRA for a nonworking spouse until the year in
which the nonworking spouse reaches age 70-1/2. "Catch-up" contributions may be
made as described above for spouses who are at least age 50 but under age
70-1/2 at any time during the taxable year for which the contribution is made.

Deductibility of contributions. The amount of traditional IRA contributions
that you can deduct for a taxable year depends on whether you are covered by an
employer-sponsored tax-favored retirement plan, as defined under special
federal income tax rules. Your Form W-2 will indicate whether or not you are
covered by such a retirement plan.

If you are not covered by a retirement plan during any part of the year, you
can make fully deductible contributions to your traditional IRAs for the
taxable year up to the maximum amount discussed earlier in this section under
"Limits on contributions". That is, for 2007, your fully deductible
contribution can be up to $4,000, or if less, your earned income ($5,000 for
2008.) The dollar limit is $5,000 for people eligible to make age 50-70-1/2
catch-up contributions for 2007 ($6,000 for 2008.)

If you are covered by a retirement plan during any part of the year, and your
adjusted gross income (AGI) is below the lower dollar figure in a phase-out
range, you can make fully deductible contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls within a phase-out range, you can make partially deductible
contributions to your traditional IRAs.

If you are covered by a retirement plan during any part of the year, and your
AGI falls above the higher figure in the phase-out range, you may not deduct
any of your regular contributions to your traditional IRAs.


50  Tax information



Cost of living indexing applies to the income limits for deductible
contributions, beginning in 2007.

If you are single and covered by a retirement plan during any part of the
taxable year, the deduction for traditional IRA contributions phases out with
AGI between $50,000 and $60,000. (For 2007, AGI between $52,000 and $62,000
after adjustment.)

If you are married and file a joint return, and you are covered by a retirement
plan during any part of the taxable year, the deduction for traditional IRA
contributions phases out with AGI between $80,000 and $100,000. (For 2007, AGI
between $83,000 and $103,000 after adjustment.)

Married individuals filing separately and living apart at all times are not
considered married for purposes of this deductible contribution calculation.
Generally, the active participation in an employer-sponsored retirement plan of
an individual is determined independently for each spouse. Where spouses have
"married filing jointly" status, however, the maximum deductible traditional
IRA contribution for an individual who is not an active participant (but whose
spouse is an active participant) is phased out for taxpayers with an AGI
between $150,000 and $160,000. (For 2007, AGI between $156,000 and $166,000
after adjustment.)

To determine the deductible amount of the contribution for 2007, for example,
you determine AGI and subtract $52,000 if you are single, or $83,000 if you are
married and file a joint return with your spouse. The resulting amount is your
excess AGI. You then determine the limit on the deduction for traditional IRA
contributions using the following formula:


 ($10,000-excess AGI)     times    the maximum       Equals the adjusted
 --------------------       x        regular           =     deductible
 divided by $10,000                contribution             contribution
                                   for the year                 limit

Additional "Saver's Credit" for contributions to a
traditional IRA or Roth IRA


You may be eligible for a nonrefundable income tax credit for contributions you
make to a traditional IRA or Roth IRA. If you qualify, you may take this credit
even though your traditional IRA contribution is already fully or partially
deductible. To take advantage of this "saver's credit" you must be age 18 or
over before the end of the taxable year for which the contribution is made. You
cannot be a full-time student or claimed as a dependent on another's tax return
and your adjusted gross income cannot exceed $50,000. ($52,000 after cost of
living indexing beginning in 2007.) The amount of the tax credit you can get
varies from 10% of your contribution to 50% of your contribution and depends on
your income tax filing status and your adjusted gross income. The maximum
annual contribution eligible for the saver's credit is $2,000. If you and your
spouse file a joint return and each of you qualifies, each is eligible for a
maximum annual contribution of $2,000. Your saver's credit may also be reduced
if you take or have taken a taxable distribution from any plan eligible for a
saver's credit contribution -- even if you make a contribution to one plan and
take the distribution from another plan -- during the "testing period." The
"testing period" begins two years before the year for which you make the
contribution and ends when your tax return is due for the year for which you
make the contribution. Saver's-credit-eligible contributions may be made to a
401(k) plan, 403(b) TSA, governmental employer 457(b) plan, SIMPLE IRA or
SARSEP IRA, as well as a traditional IRA or Roth IRA.


Nondeductible regular contributions. If you are not eligible to deduct part or
all of the traditional IRA contribution, you may still make nondeductible
contributions on which earnings will accumulate on a tax-deferred basis. The
combined deductible and nondeductible contributions to your traditional IRA (or
the nonworking spouse's traditional IRA) may not, however, exceed the maximum
dollar per person limit for the applicable taxable year ($4,000 for 2007;
$5,000 for 2008). The dollar limit is $5,000 in 2007 ($6,000 for 2008) for
people eligible to make age 50-70-1/2 "catch-up" contributions. See "Excess
contributions" later in this section. You must keep your own records of
deductible and nondeductible contributions in order to prevent double taxation
on the distribution of previously taxed amounts. See "Withdrawals, payments and
transfers of funds out of traditional IRAs" later in this section.

If you are making nondeductible contributions in any taxable year, or you have
made nondeductible contributions to a traditional IRA in prior years and are
receiving distributions from any traditional IRA, you must file the required
information with the IRS. Moreover, if you are making nondeductible traditional
IRA contributions, you must retain all income tax returns and records
pertaining to such contributions until interests in all traditional IRAs are
fully distributed.

When you can make regular contributions. If you file your tax returns on a
calendar year basis like most taxpayers, you have until the April 15 return
filing deadline (without extensions) of the following calendar year to make
your regular traditional IRA contributions for a taxable year.

Rollover and transfer contributions to traditional IRAs

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o    qualified plans;

o    governmental employer 457(b) plans;

o    TSAs (including Internal Revenue Code Section 403(b)(7) custo
     dial accounts); and

o    other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.

Rollovers from "eligible retirement plans" other than
traditional IRAs

Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds


                                                             Tax information  51



on the same basis as the plan participant. Beginning in 2007, a non-spousal
death beneficiary may also be able to make rollover contributions to an
individual retirement plan under certain circumstances.

There are two ways to do rollovers:

o    Do it yourself:
     You actually receive a distribution that can be rolled over and you roll it
     over to a traditional IRA within 60 days after the date you receive the
     funds. The distribution from your eligible retirement plan will be net of
     20% mandatory federal income tax withholding. If you want, you can replace
     the withheld funds yourself and roll over the full amount.

o    Direct rollover:
     You tell the trustee or custodian of the eligible retirement plan to send
     the distribution directly to your traditional IRA issuer. Direct rollovers
     are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o    "required minimum distributions" after age 70-1/2 or retirement
     from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    death benefit payments to a beneficiary who is not your surviving
     spouse; or

o    qualified domestic relations order distributions to a beneficiary
     who is not your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan, such as a traditional IRA, and subsequently take a
premature distribution.

Rollovers of after-tax contributions from eligible retirement plans other than
traditional IRAs

Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this section
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.

Rollovers from traditional IRAs to traditional IRAs

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVERS AND DIVORCE-RELATED DIRECT TRANSFERS

The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court-ordered divorce or separation decree.

Excess contributions

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o    regular contributions of more than the maximum regular contri
     bution amount for the applicable taxable year; or

o    regular contributions to a traditional IRA made after you reach
     age 70-1/2; or

o    rollover contributions of amounts which are not eligible to be
     rolled over, for example, minimum distributions required to be made after
     age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early
distributions, discussed later in this section under "Early distribution
penalty tax." You do have to withdraw any earnings that are attributed to the
excess contribution. The withdrawn earnings would be included in your gross
income and could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:


52  Tax information



(1)  the rollover was from an eligible retirement plan to a traditional IRA;

(2)  the excess contribution was due to incorrect information that the plan
     provided; and

(3)  you took no tax deduction for the excess contribution.

Recharacterizations

Amounts that have been contributed as traditional IRA funds may subsequently be
treated as Roth IRA funds. Special federal income tax rules allow you to change
your mind again and have amounts that are subsequently treated as Roth IRA
funds, once again treated as traditional IRA funds. You do this by using the
forms we prescribe. This is referred to as having "recharacterized" your
contribution.

Withdrawals, payments and transfers of funds out of
traditional IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

Taxation of payments. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.

Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the
end of any year in which you have received a distribution from any traditional
IRA, you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus
all traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o    the amount received is a withdrawal of excess contributions, as
     described under "Excess contributions" earlier in this section; or

o    the entire amount received is rolled over to another traditional
     IRA or other eligible retirement plan which agrees to accept the funds.
     (See "Rollovers from eligible retirement plans other than traditional
     IRAs" under "Rollover and transfer contributions to traditional IRAs"
     earlier in this section.)

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.

Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available under limited
circumstances for certain distributions from qualified plans. If you might be
eligible for such tax treatment from your qualified plan, you may be able to
preserve such tax treatment even though an eligible rollover from a qualified
plan is temporarily rolled into a "conduit IRA" before being rolled back into a
qualified plan. See your tax
adviser.

Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners age 70-1/2 or older.

Required minimum distributions

Background on Regulations--Required Minimum Distributions. Distributions must
be made from traditional IRAs according to rules contained in the Code and
Treasury Regulations. Beginning in 2006, certain provisions of the Treasury
Regulations require that the actuarial present value of additional annuity
contract benefits must be added to the dollar amount credited for purposes of
calculating certain types of required minimum distributions from individual
retirement annuity contracts. For this purpose additional annuity contract
benefits may include, but are not limited to, guaranteed minimum income
benefits and enhanced death benefits. This could increase the amount required
to be distributed from these contracts if you take annual withdrawals instead
of annuitizing. Please consult your tax adviser concerning applicability of
these complex rules to your situation.

Lifetime required minimum distributions. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.

When you have to take the first lifetime required minimum distribution. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum
distribution during the calendar year you actually reach age 70-1/2, or to
delay taking it until the first three-month period in the next calendar year
(January 1 - April 1). Distributions must start no later than your Required
Beginning Date, which is April 1st of the calendar year after the calendar year
in which you turn age 70-1/2. If you choose to delay taking the first annual
minimum distribution, then you will have to take two minimum distributions in
that year -- the delayed one for the first year and the one actually for that
year. Once minimum distributions begin, they must be made at some time each
year.

How you can calculate required minimum distributions.
There are two approaches to taking required minimum distributions --
"account-based" or "annuity-based."


                                                             Tax information  53



ACCOUNT-BASED METHOD. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional IRA funds to a life
annuity-based payout with any certain period not exceeding remaining life
expectancy, determined in accordance with IRS tables.

ANNUITY-BASED METHOD. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

Do you have to pick the same method to calculate your required minimum
distributions for all of your traditional IRAs and other retirement plans? No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan and an
account-based annual withdrawal from another IRA.

Will we pay you the annual amount every year from your traditional IRA based on
the method you choose? We will only pay you automatically if you affirmatively
select an annuity payout option or an account-based withdrawal option such as
our "automatic required minimum distribution (RMD) service." Even if you do not
enroll in our service we will calculate the amount of the required minimum
distribution withdrawal for you, if you so request in writing. However, in that
case you will be responsible for asking us to pay the required minimum
distribution withdrawal to you.

Also, the IRS will let you calculate the required minimum distribution for each
traditional IRA that you maintain, using the method that you picked for that
particular IRA. You can add these required minimum distribution amount
calculations together. As long as the total amount you take out every year
satisfies your overall traditional IRA required minimum distribution amount,
you may choose to take your annual required minimum distribution from any one
or more traditional IRAs that you own.

What if you take more than you need to for any year? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

What if you take less than you need to for any year? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

What are the required minimum distribution payments after you die? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

Individual beneficiary. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owners death. No distribution is required before that
fifth year.

Spousal beneficiary. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from
your traditional IRA into his/her own traditional IRA or other eligible
retirement plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

Non-individual beneficiary. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity contract in force.
If the beneficiary is not an individual, we must distribute amounts remaining
in the annuity contract after the death of the annuitant.


54  Tax information



If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed earlier under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract in force. If the beneficiary is not an individual, we
must distribute amounts remaining in the annuity contract after the death of
the annuitant.

Spousal continuation

If the contract is continued under Spousal continuation, no amounts are
required to be paid until after your surviving spouse's death.

Payments to a beneficiary after your death

IRA death benefits are taxed the same as IRA distributions.

Borrowing and loans are prohibited transactions

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.

Early distribution penalty tax

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include
distributions:

o    on or after your death; or

o    because you are disabled (special federal income tax definition);
     or

o    used to pay certain extraordinary medical expenses (special federal income
     tax definition); or

o    used to pay medical insurance premiums for unemployed individuals (special
     federal income tax definition); or

o    used to pay certain first-time home buyer expenses (special federal income
     tax definition; $10,000 lifetime total limit for these distributions from
     all your traditional and Roth IRAs); or

o    used to pay certain higher education expenses (special federal
     income tax definition); or

o    in the form of substantially equal periodic payments made at
     least annually over your life (or your life expectancy) or over the joint
     lives of you and your beneficiary (or your joint life expectancies) using
     an IRS-approved distribution method. We do not anticipate that Guaranteed
     annual payments made under the Guaranteed withdrawal benefit for life's
     Maximum or Customized payment plan or taken as lump sums will qualify for
     this exception if made before age 59-1/2.

To meet this last exception, you could elect to apply your contract value to an
Income Manager(SM) (life annuity with a period certain) payout annuity contract
(level payments version). You could also elect the substantially equal
withdrawals option. We will calculate the substantially equal annual payments,
using your choice of IRS-approved methods we offer. Although substantially equal
withdrawals and Income Manager(SM) payments are not subject to the 10% penalty
tax, they are taxable as discussed in "Withdrawals, payments and transfers of
funds out of traditional IRAs" earlier in this section. Once substantially equal
withdrawals or Income Manager(SM) annuity payments begin, the distributions
should not be stopped or changed until after the later of your reaching age
59-1/2 or five years after the date of the first distribution, or the penalty
tax, including an interest charge for the prior penalty avoidance, may apply to
all prior distributions under either option. Also, it is possible that the IRS
could view any additional withdrawal or payment you take from your contract as
changing your pattern of substantially equal withdrawals or Income Manager(SM)
payments for purposes of determining whether the penalty applies.

Roth individual retirement annuities (Roth IRAs)

This section of the Prospectus covers some of the special tax rules that apply
to Roth IRAs. If the rules are the same as those that apply to the traditional
IRA, we will refer you to the same topic under "traditional IRAs."

The Stylus(SM) Roth IRA contract is designed to qualify as a Roth individual
retirement annuity under Sections 408A(b) and 408(b) of the Internal Revenue
Code.

Contributions to Roth IRAs

Individuals may make four different types of contributions to a Roth IRA:

o    regular after-tax contributions out of earnings; or

o    taxable rollover contributions from traditional IRAs ("conversion"
     contributions); or

o    tax-free rollover contributions from other Roth arrangements; or

o    tax-free direct custodian-to-custodian transfers from other Roth
     IRAs ("direct transfers").

Regular after-tax, direct transfer and rollover contributions may be made to a
Roth IRA or a Flexible Premium Roth IRA contract. If you use the forms we
require, we will also accept traditional IRA funds which are subsequently
recharacterized as Roth IRA funds following special federal income tax rules.

Beginning in 2008, direct rollover contributions may be made from eligible
retirement plans to Roth IRAs under certain circumstances.

Regular contributions to Roth IRAs

Limits on regular contributions. The "maximum regular contribution amount" for
any taxable year is the most that can be contributed to all of your IRAs
(traditional and Roth) as regular contributions for the particular taxable
year. The maximum regular contribution amount depends on age, earnings, and
year, among other things. Generally, $4,000 is the maximum amount that you may
contribute to all IRAs (including Roth IRAs) for 2007 ($5,000 for 2008). This
limit does not apply to rollover contributions or direct custodian-to-custodian
transfers into a Roth IRA. Any contributions to Roth IRAs reduce your ability


                                                             Tax information  55



to contribute to traditional IRAs and vice versa. When your earnings are below
$4,000, your earned income or compensation for the year is the most you can
contribute. If you are married and file a joint income tax return, you and your
spouse may combine your compensation to determine the amount of regular
contributions you are permitted to make to Roth IRAs and traditional IRAs. See
the discussion earlier in this section under traditional IRAs.

If you or your spouse are at least age 50 at any time during the taxable year
for which you are making a regular contribution, additional catch-up
contributions totaling up to $1,000 can be made for the taxable year 2007 and
later years.

With a Roth IRA, you can make regular contributions when you reach 70-1/2, as
long as you have sufficient earnings. But, you cannot make contributions,
regardless of your age, for any year that your modified adjusted gross income
limits exceeds the following amounts (indexed for cost of living adjustment
beginning in 2007):

o    your federal income tax filing status is "married filing jointly" and
     your modified adjusted gross income is over $160,000 (for 2007, $166,000
     after adjustment); or

o    your federal income tax filing status is "single" and your modified
     adjusted gross income is over $110,000 (for 2007, $114,000 after
     adjustment).

However, you can make regular Roth IRA contributions in reduced amounts when:

o    your federal income tax filing status is "married filing jointly" and
     your modified adjusted gross income is between $150,000 and $160,000 (for
     2007, between $156,000 and $166,000 after adjustment); or

o    your federal income tax filing status is "single" and your modified
     adjusted gross income is between $95,000 and $110,000 (for 2007, between
     $99,000 and $114,000 after adjustment).

If you are married and filing separately and your modified adjusted gross
income is between $0 and $10,000 the amount of regular contributions you are
permitted to make is phased out. If your modified adjusted gross income is more
than $10,000 you cannot make regular Roth IRA contributions.

When you can make contributions. Same as traditional IRAs.

Deductibility of contributions. Roth IRA contributions are not tax deductible.

Rollovers and direct transfers

What is the difference between rollover and direct transfer transactions?

The difference between a rollover transaction and a direct transfer transaction
is the following: in a rollover transaction you actually take possession of the
funds rolled over or are considered to have received them under tax law in the
case of a change from one type of plan to another. In a direct transfer
transaction, you never take possession of the funds, but direct the first Roth
IRA custodian, trustee or issuer to transfer the first Roth IRA funds directly
to the recipient Roth IRA custodian, trustee or issuer. You can make direct
transfer transactions only between identical plan types (for example, Roth IRA
to Roth IRA). You can also make rollover transactions between identical plan
types. However, you can only use rollover transactions between different plan
types (for example, traditional IRA to Roth IRA).

You may make rollover contributions to a Roth IRA from these sources only:

o    another Roth IRA ("tax-free rollover contribution");

o    a "designated Roth contribution account" under a 401(k) plan or
     a 403(b) arrangement;

o    another traditional IRA, including a SEP-IRA or SIMPLE IRA (after
     a two-year rollover limitation period for SIMPLE IRA funds), in a taxable
     conversion rollover ("conversion contribution");

o    you may not make contributions to a Roth IRA from a qualified
     plan under section 401(a) of the Internal Revenue Code, a TSA under
     section 403(b) of the Internal Revenue Code or any other eligible
     retirement plan until 2008. You may make rollover contributions from a
     "designated Roth contribution account" under a 401(k) plan or a 403(b)
     arrangement which permits designated Roth elective deferral contributions
     to be made, beginning in 2006.

You may make direct transfer contributions to a Roth IRA only from another Roth
IRA.

You may make both Roth IRA to Roth IRA rollover transactions and Roth IRA to
Roth IRA direct transfer transactions. This can be accomplished on a completely
tax-free basis. However, you may make Roth IRA to Roth IRA rollover
transactions only once in any 12-month period for the same funds.
Trustee-to-trustee or custodian-to-custodian direct transfers can be made more
frequently than once a year. Also, if you send us the rollover contribution to
apply it to a Roth IRA, you must do so within 60 days after you receive the
proceeds from the original IRA to get rollover treatment.

The surviving spouse beneficiary of a deceased individual can roll over or
directly transfer an inherited Roth IRA to one or more other Roth IRAs. In some
cases, Roth IRAs can be transferred on a tax-free basis between spouses or
former spouses as a result of a court-ordered divorce or separation decree.

Conversion contributions to Roth IRAs

In a conversion rollover transaction, you withdraw (or are considered to have
withdrawn) all or a portion of funds from a traditional IRA you maintain and
convert it to a Roth IRA within 60 days after you receive (or are considered to
have received) the traditional IRA proceeds. Unlike a rollover from a
traditional IRA to another traditional IRA, the conversion rollover transaction
is not tax-free. Instead, the distribution from the traditional IRA is
generally fully taxable. For this reason, we are required to withhold 10%
federal income tax from the amount converted unless you elect out of such
withholding. If you have ever made nondeductible regular contributions to any
traditional IRA --


56  Tax information



whether or not it is the traditional IRA you are converting -- a pro rata
portion of the distribution is tax free.

There is, however, no early distribution penalty tax on the traditional IRA
withdrawal that you are converting to a Roth IRA, even if you are under age
59-1/2.

The following rules apply until 2010: You cannot make conversion contributions
to a Roth IRA for any taxable year in which your modified adjusted gross income
exceeds $100,000. (For this purpose, your modified adjusted gross income is
computed without the gross income stemming from the traditional IRA conversion.
Modified adjusted gross income for this purpose excludes any lifetime required
minimum distribution from a traditional IRA.) You also cannot make conversion
contributions to a Roth IRA for any taxable year in which your federal income
tax filing status is "married filing separately."

You cannot make conversion contributions to a Roth IRA to the extent that the
funds in your traditional IRA are subject to the annual required minimum
distribution rule applicable to traditional IRAs beginning at age 70-1/2.

You cannot convert and reconvert an amount during the same taxable year, or if
later, during the 30-day period following a recharacterization. If you
reconvert during either of these periods, it will be a failed Roth IRA
conversion.

The IRS and Treasury have recently issued Proposed and Temporary Treasury
Regulations addressing the valuation of annuity contracts funding traditional
IRAs in the conversion to Roth IRAs. Although these Regulations are not clear,
they could require an individual's gross income on the conversion of a
traditional IRA to Roth IRA to be measured using various actuarial methods and
not as if the annuity contract funding the traditional IRA had been surrendered
at the time of conversion. This could increase the amount reported as
includible in certain circumstances.

Recharacterizations

You may be able to treat a contribution made to one type of IRA as having been
made to a different type of IRA. This is called recharacterizing the
contribution.

How to recharacterize. To recharacterize a contribution, you generally must
have the contribution transferred from the first IRA (the one to which it was
made) to the second IRA in a deemed trustee-to-trustee transfer. If the
transfer is made by the due date (including extensions) for your tax return for
the year during which the contribution was made, you can elect to treat the
contribution as having been originally made to the second IRA instead of to the
first IRA. It will be treated as having been made to the second IRA on the same
date that it was actually made to the first IRA. You must report the
recharacterization and must treat the contribution as having been made to the
second IRA, instead of the first IRA, on your tax return for the year during
which the contribution was made.

The contribution will not be treated as having been made to the second IRA
unless the transfer includes any net income allocable to the contribution. You
can take into account any loss on the contribution while it was in the IRA when
calculating the amount that must be transferred. If there was a loss, the net
income you must transfer may be a negative amount.

No deduction is allowed for the contribution to the first IRA and any net
income transferred with the recharacterized contribution is treated as earned
in the second IRA. The contribution will not be treated as having been made to
the second IRA to the extent any deduction was allowed with respect to the
contribution to the first IRA.

For recharacterization purposes, a distribution from a traditional IRA that is
received in one tax year and rolled over into a Roth IRA in the next year, but
still within 60 days of the distribution from the traditional IRA, is treated
as a contribution to the Roth IRA in the year of the distribution from the
traditional IRA.

Roth IRA conversion contributions from a SEP-IRA or SIMPLE IRA can be
recharacterized to a SEP-IRA or SIMPLE IRA (including the original SEP-IRA or
SIMPLE IRA).

To recharacterize a contribution, you must use our forms.

The recharacterization of a contribution is not treated as a rollover for
purposes of the 12-month limitation period described above. This rule applies
even if the contribution would have been treated as a rollover contribution by
the second IRA if it had been made directly to the second IRA rather than as a
result of a recharacterization of a contribution to the first IRA.

Withdrawals, payments and transfers of funds out of Roth
IRAs

No federal income tax law restrictions on withdrawals. You can withdraw any or
all of your funds from a Roth IRA at any time; you do not need to wait for a
special event like retirement.

Distributions from Roth IRAs

Distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
distributions.

You must keep your own records of regular and conversion contributions to all
Roth IRAs to assure appropriate taxation. You may have to file information on
your contributions to and distributions from any Roth IRA on your tax return.
You may have to retain all income tax returns and records pertaining to such
contributions and distributions until your interests in all Roth IRAs are
distributed.

Like traditional IRAs, taxable distributions from a Roth IRA are not entitled
to the special favorable ten-year averaging and long-term capital gain
treatment available in limited cases to certain distributions from qualified
plans.

The following distributions from Roth IRAs are free of income tax:

o    rollovers from a Roth IRA to another Roth IRA;

o    direct transfers from a Roth IRA to another Roth IRA;


                                                             Tax information  57



     qualified distributions from a Roth IRA; and o

o    return of excess contributions or amounts recharacterized to a
     traditional IRA.

Qualified distributions from Roth IRAs. Qualified distributions from Roth IRAs
made because of one of the following four qualifying events or reasons are not
includable in income:

o    you are age 59-1/2; or older or

o    you die; or

o    you become disabled (special federal income tax definition); or

o    your distribution is a "qualified first-time homebuyer distribution"
     (special federal income tax definition; $10,000 lifetime total limit for
     these distributions from all of your traditional and Roth IRAs).

You also have to meet a five-year aging period. A qualified distribution is any
distribution made after the five-taxable-year period beginning with the first
taxable year for which you made any contribution to any Roth IRA (whether or
not the one from which the distribution is being made).

Nonqualified distributions from Roth IRAs. Nonqualified distributions from Roth
IRAs are distributions that do not meet both the qualifying event and five-year
aging period tests described above. If you receive such a distribution, part of
it may be taxable. For purposes of determining the correct tax treatment of
distributions (other than the withdrawal of excess contributions and the
earnings on them), there is a set order in which contributions (including
conversion contributions) and earnings are considered to be distributed from
your Roth IRA. The order of distributions is as follows:

(1)  Regular contributions.

(2)  Conversion contributions, on a first-in-first-out basis (generally, total
     conversions from the earliest year first). These conversion contributions
     are taken into account as follows:

     (a)  Taxable portion (the amount required to be included in gross income
          because of conversion) first, and then the

     (b)  Nontaxable portion.

(3)  Earnings on contributions.

Rollover contributions from other Roth IRAs are disregarded for this purpose.

To determine the taxable amount distributed, distributions and contributions
are aggregated or grouped and added together as follows:

(1)  All distributions made during the year from all Roth IRAs you maintain --
     with any custodian or issuer -- are added together.

(2)  All regular contributions made during and for the year (contribu tions made
     after the close of the year, but before the due date of your return) are
     added together. This total is added to the total undistributed regular
     contributions made in prior years.

(3)  All conversion contributions made during the year are added together. For
     purposes of the ordering rules, in the case of any conversion in which the
     conversion distribution is made in 2007 and the conversion contribution is
     made in 2008, the conversion contribution is treated as contributed prior
     to other conversion contributions made in 2008.

Any recharacterized contributions that end up in a Roth IRA are added to the
appropriate contribution group for the year that the original contribution
would have been taken into account if it had been made directly to the Roth
IRA.

Any recharacterized contribution that ends up in an IRA other than a Roth IRA
is disregarded for the purpose of grouping both contributions and
distributions. Any amount withdrawn to correct an excess contribution
(including the earnings withdrawn) is also disregarded for this purpose.

Required minimum distributions during life

Lifetime required minimum distributions do not apply.

Required minimum distributions at death

Same as traditional IRA under "What are the required minimum distribution
payments after you die?"

Payments to a beneficiary after your death

Distributions to a beneficiary generally receive the same tax treatment as if
the distribution had been made to you.

Borrowing and loans are prohibited transactions

Same as traditional IRA.

Excess contributions

Generally the same as traditional IRA, except that regular contributions made
after age 70-1/2 are not excess contributions.

Excess rollover contributions to Roth IRAs are contributions not eligible to be
rolled over (for example, conversion contributions from a traditional IRA if
your modified adjusted gross income is in excess of $100,000 in the conversion
year).

You can withdraw or recharacterize any contribution to a Roth IRA before the
due date (including extensions) for filing your federal income tax return for
the tax year. If you do this, you must also withdraw or recharacterize any
earnings attributable to the contribution.

Early distribution penalty tax

Same as traditional IRA.


FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distribu-


58  Tax information



tions are not taxable. The rate of withholding will depend on the type of
distribution and, in certain cases, the amount of your distribution. Any income
tax withheld is a credit against your income tax liability. If you do not have
sufficient income tax withheld or do not make sufficient estimated income tax
payments, you may incur penalties under the estimated income tax rules.

You must file your request not to withhold in writing before the payment or
distribution is made. Our processing office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States.

You should note the following special situations:

o    We might have to withhold and/or report on amounts we pay
     under a free look or cancellation.

o    We are generally required to withhold on conversion rollovers of
     traditional IRAs to Roth IRAs, as it is considered a withdrawal from the
     traditional IRA and is taxable.

o    We are required to withhold on the gross amount of a distribu
     tion from a Roth IRA to the extent it is reasonable for us to believe that
     a distribution is includable in your gross income. This may result in tax
     being withheld even though the Roth IRA distribution is ultimately not
     taxable. You can elect out of withholding as described below.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However, we may require additional documentation in the case of
payments made to non-United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our processing office at the toll-free number.

Federal income tax withholding on periodic annuity
payments

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.

Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007, your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at any time.

Federal income tax withholding on non-periodic annuity
payments (withdrawals)

For a non-periodic distribution (total surrender or partial withdrawal), we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
traditional IRAs and Roth IRAs, where it is reasonable to assume an amount is
includable in gross income.

You cannot elect out of withholding if the payment is an eligible rollover
distribution from a qualified plan. If a non-periodic distribution from a
qualified plan is not an eligible rollover distribution then the 10%
withholding rate applies.

Mandatory withholding from qualified plan distributions

Unless you have the distribution go directly to the new plan, eligible rollover
distributions from qualified plans are subject to mandatory 20% withholding.
The plan administrator is responsible for withholding from qualified plan
distributions. An eligible rollover distribution from a qualified plan can be
rolled over to another eligible retirement plan. All distributions from a
qualified plan are eligible rollover distributions unless they are on the
following list of exceptions:

o    any distributions which are required minimum distributions after
     age 70-1/2 or retirement from service with the employer; or

o    substantially equal periodic payments made at least annually for
     your life (or life expectancy) or the joint lives (or joint life
     expectancies) of you and your designated beneficiary; or

o    substantially equal periodic payments made for a specified period
     of 10 years or more; or

o    hardship withdrawals; or

o    corrective distributions that fit specified technical tax rules; or

o    loans that are treated as distributions; or

o    a death benefit payment to a beneficiary who is not your surviv
     ing spouse; or

o    a qualified domestic relations order distribution to a beneficiary
     who is not your current spouse or former spouse.

A death benefit payment to your surviving spouse, or a qualified domestic
relations order distribution to your current or former spouse, may be a
distribution subject to mandatory 20% withholding.


SPECIAL RULES FOR CONTRACTS FUNDING QUALIFIED PLANS

The trustee is responsible for making all required notifications on tax matters
to plan participants and to the IRS. See Appendix I at the end of this
Prospectus.


IMPACT OF TAXES TO AXA EQUITABLE

The contracts provide that we may charge Separate Account No. 49 for taxes. We
do not now, but may in the future set up reserves for such taxes.


                                                             Tax information  59



8. More information

- --------------------------------------------------------------------------------

ABOUT SEPARATE ACCOUNT NO. 49

Each variable investment option is a subaccount of Separate Account No. 49. We
established Separate Account No. 49 in 1996 under special provisions of the New
York Insurance Law. These provisions prevent creditors from any other business
we conduct from reaching the assets we hold in our variable investment options
for owners of our variable annuity contracts. We are the legal owner of all of
the assets in Separate Account No. 49 and may withdraw any amounts that exceed
our reserves and other liabilities with respect to variable investment options
under our contracts. The results of Separate Account No. 49 operations are
accounted for without regard to AXA Equitable's other operations. The amount of
some of our obligations under the contracts is based on the assets in Separate
Account No. 49. However, the obligations themselves are obligations of AXA
Equitable.

Separate Account No. 49 is registered under the Investment Company Act of 1940
and is registered and classified under that act as a "unit investment trust."
The SEC, however, does not manage or supervise AXA Equitable or Separate
Account No. 49. Although Separate Account No. 49 is registered, the SEC does
not monitor the activity of Separate Account No. 49 on a daily basis. AXA
Equitable is not required to register, and is not registered, as an investment
company under the Investment Company Act of 1940.

Each subaccount (variable investment option) within the Separate Account
invests solely in class IB/B shares issued by the corresponding portfolio of
its Trust.

We reserve the right subject to compliance with laws that apply:

(1)  to add variable investment options to, or to remove variable investment
     options from, the Separate Account, or to add other separate accounts;

(2)  to combine any two or more variable investment options;

(3)  to transfer the assets we determine to be the shares of the class of
     contracts to which the contracts belong from any variable investment option
     to another variable investment option;

(4)  to operate the Separate Account or any variable investment option as a
     management investment company under the Investment Company Act of 1940 (in
     which case, charges and expenses that otherwise would be assessed against
     an underlying mutual fund would be assessed against the Separate Account or
     a variable investment option directly);

(5)  to deregister the Separate Account under the Investment Company Act of
     1940;

(6)  to restrict or eliminate any voting rights as to the Separate Account;

(7)  to cause one or more variable investment options to invest some or all of
     their assets in one or more other trusts or investment companies; and

(8)  to unilaterally change your contract in order to comply with any applicable
     laws and regulations, including but not limited to changes in the Internal
     Revenue Code, in Treasury regulations or in published rulings of the
     Internal Revenue Service, ERISA and in Department of Labor regulations.

Any change in the contract must be in writing and made by our authorized
officer. We will provide notice of any contract change.

ABOUT THE TRUSTS

The Trusts are registered under the Investment Company Act of 1940. They are
classified as "open-end management investment companies," more commonly called
mutual funds. Each Trust issues different shares relating to each portfolio.

The Trusts do not impose sales charges or "loads" for buying and selling their
shares. All dividends and other distributions on the Trusts' shares are
reinvested in full. The Board of Trustees of each Trust may establish
additional portfolios or eliminate existing portfolios at any time. More
detailed information about each Trust, its portfolio investment objectives,
policies, restrictions, risks, expenses, its Rule 12b-1 Plan, and other aspects
of its operations, appears in the prospectuses for each Trust, which accompany
this Prospectus, or in the respective SAIs, which are available upon request.


ABOUT THE GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to our general obligations.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. The general
account is not required to register as an investment company under the
Investment Company Act of 1940. The contract is a "covered security" under the
federal securities laws.

We have been advised that the staff of the SEC has not reviewed the portions of
this Prospectus that relate to the general account . The disclosure with regard
to the general account, however, may be subject to certain provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.


ABOUT OTHER METHODS OF PAYMENT


WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS

We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.


60  More information



Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgement of
Receipt form.

Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgement of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have its signature
guaranteed, until we receive the signed Acknowledgement of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of its customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.


AUTOMATIC INVESTMENT PROGRAM -- FOR NQ, FLEXIBLE PREMIUM IRA AND FLEXIBLE
PREMIUM ROTH IRA CONTRACTS ONLY

You may use our automatic investment program, or "AIP," to have a specified
amount automatically deducted from a checking account, money market account, or
credit union checking account and contributed as an additional contribution
into an NQ, Flexible Premium IRA or Flexible Premium Roth IRA contract on a
monthly or quarterly basis. AIP is not available for Rollover IRA, Roth IRA,
Inherited IRA Beneficiary Continuation (traditional IRA or Roth IRA) or QP
contracts. Please see Appendix IV later in this Prospectus to see if the
automatic investment program is available in your state.

For NQ contracts, the minimum amounts we will deduct are $100 monthly and $300
quarterly. Under Flexible Premium IRA and Flexible Premium Roth IRA contracts,
the minimum amount is $50,subject to tax maximums. AIP additional contributions
may be allocated to any of the variable investment options. You choose the day
of the month you wish to have your account debited. However, you may not choose
a date later than the 28th day of the month.

For contracts with GWBL, AIP will be automatically terminated after the later
of: (i) the end of the first contract year, or (ii) the date the first
withdrawal is taken.

You may cancel AIP at any time by notifying our processing office. We are not
responsible for any debits made to your account before the time written notice
of cancellation is received at our processing office.

DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR

We describe below the general rules for when, and at what prices, events under
your contract will occur. Other portions of this Prospectus describe
circumstances that may cause exceptions. We generally do not repeat those
exceptions below.

BUSINESS DAY

Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information unless another date applies as indicated below.

o  If your contribution, transfer, or any other transaction request, containing
   all the required information, reaches us on a non-business day or after 4:00
   p.m. on a business day, we will use the next business day.

o  If your transaction is set to occur on the same day of the month as the
   contract date and that date is the 29th, 30th or 31st of the month, then the
   transaction will occur on the 1st day of the next month.

o  When a charge is to be deducted on a contract date anniversary that is a
   non-business day, we will deduct the charge on the next business day.


o  If we have entered into an agreement with your broker-dealer for automated
   processing of contributions upon receipt of customer order, your contribution
   will be considered received at the time your broker-dealer receives your
   contribution and all information needed to process your application, along
   with any required documents, and transmits your order to us in accordance
   with our processing procedures. Such arrangements may apply to initial
   contributions, subsequent contributions, or both, and may be commenced or
   terminated at any time without prior notice. If required by law, the "closing
   time" for such orders will be earlier than 4:00 p.m., Eastern Time.



CONTRIBUTIONS AND TRANSFERS

o  Contributions allocated to the variable investment options are invested at
   the unit value next determined after the receipt of the contribution.

o  Transfers to or from variable investment options will be made at the unit
   value next determined after the receipt of the transfer request.


ABOUT YOUR VOTING RIGHTS

As the owner of shares of the Trusts, we have the right to vote on certain
matters involving the portfolios, such as:

o  the election of trustees;

o  the formal approval of independent public accounting firms selected for each
   Trust; or


                                                            More information  61



o  any other matters described in each prospectus for the Trusts or requiring a
   shareholders' vote under the Investment Company Act of 1940.

We will give contract owners the opportunity to instruct us how to vote the
number of shares attributable to their contracts if a shareholder vote is
taken. If we do not receive instructions in time from all contract owners, we
will vote the shares of a portfolio for which no instructions have been
received in the same proportion as we vote shares of that portfolio for which
we have received instructions. We will also vote any shares that we are
entitled to vote directly because of amounts we have in a portfolio in the same
proportions that contract owners vote.

The Trusts sell their shares to AXA Equitable separate accounts in connection
with AXA Equitable's annuity and/or variable life insurance products, and to
separate accounts of insurance companies, both affiliated and unaffiliated with
AXA Equitable. AXA Premier VIP Trust and EQ Advisors Trust also sell their
shares to the trustee of a qualified plan for AXA Equitable. We currently do
not foresee any disadvantages to our policyowners arising out of these
arrangements. However, the Board of Trustees or Directors of each Trust intends
to monitor events to identify any material irreconcilable conflicts that may
arise and to determine what action, if any, should be taken in response. If we
believe that a Board's response insufficiently protects our policyowners, we
will see to it that appropriate action is taken to do so.


SEPARATE ACCOUNT NO. 49 VOTING RIGHTS

If actions relating to the Separate Account require contract owner approval,
contract owners will be entitled to one vote for each unit they have in the
variable investment options. Each contract owner who has elected a variable
annuity payout option may cast the number of votes equal to the dollar amount
of reserves we are holding for that annuity in a variable investment option
divided by the annuity unit value for that option. We will cast votes
attributable to any amounts we have in the variable investment options in the
same proportion as votes cast by contract owners.


CHANGES IN APPLICABLE LAW

The voting rights we describe in this Prospectus are created under applicable
federal securities laws. To the extent that those laws or the regulations
published under those laws eliminate the necessity to submit matters for
approval by persons having voting rights in separate accounts of insurance
companies, we reserve the right to proceed in accordance with those laws or
regulations.


ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account No. 49, nor would any of
these proceedings be likely to have a material adverse effect upon the Separate
Account, our ability to meet our obligations under the contracts, or the
distribution of the contracts.

FINANCIAL STATEMENTS

The financial statements of Separate Account No. 49, as well as the
consolidated financial statements of AXA Equitable, are in the SAI. The SAI is
available free of charge. You may request one by writing to our processing
office or calling 1-800-789-7771.


TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS AND BORROWING

You can transfer ownership of an NQ contract at any time before annuity
payments begin. We will continue to treat you as the owner until we receive
notification of any change at our processing office. You cannot assign your NQ
contract as collateral or security for a loan. Loans are also not available
under your NQ contract. In some cases, an assignment or change of ownership may
have adverse tax consequences. See "Tax information" earlier in this
Prospectus.

For NQ contracts only, subject to regulatory approval, if you elected the
Guaranteed minimum death benefit, Guaranteed minimum income benefit, and/or the
Guaranteed withdrawal benefit for life ("Benefit"), generally the Benefit will
automatically terminate if you change ownership of the contract or if you
assign the owner's right to change the beneficiary or person to whom annuity
payments will be made. However, the Benefit will not terminate if the ownership
of the contract is transferred from a non-natural owner to an individual but
the contract will continue to be based on the annuitant's life. Please speak
with your financial professional for further information.

See Appendix IV later in this Prospectus for any state variations with regard
to terminating any benefits under your contract.

You cannot assign or transfer ownership of an IRA or QP contract except by
surrender to us. If your individual retirement annuity contract is held in your
custodial individual retirement account, you may only assign or transfer
ownership of such an IRA contract to yourself. Loans are not available and you
cannot assign IRA and QP contracts as security for a loan or other obligation.

For limited transfers of ownership after the owner's death see "Beneficiary
continuation option" in "Payment of death benefit" earlier in this Prospectus.
You may direct the transfer of the values under your IRA or QP contract to
another similar arrangement under federal income tax rules. In the case of such
a transfer, which involves a surrender of your contract, we will impose a
withdrawal charge, if one applies.



ABOUT CUSTODIAL IRAS

For certain custodial IRA accounts, after your contract has been issued, we may
accept transfer instructions by telephone, mail, facsimile or electronically
from a broker-dealer, provided that we or your broker-dealer have your written
authorization to do so on file. Accordingly, AXA Equitable will rely on the
stated identity of the person placing instructions as authorized to do so on
your behalf. AXA Equitable will not be liable for any claim, loss, liability or
expenses that may arise out of such instructions. AXA Equitable will continue
to rely on this authorization until it receives your written notification at
its processing office that you have withdrawn this authorization. AXA Equitable
may change or terminate telephone or electronic or overnight mail transfer
procedures at any time without prior written notice and restrict fac-



62  More information




simile, internet, telephone and other electronic transfer services because of
disruptive transfer activity.

DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by AXA Distributors, LLC ("AXA Distributors").
AXA Distributors serves as principal underwriters of Separate Account No. 49.
The offering of the contracts is intended to be continuous.

AXA Distributors is an indirect wholly owned subsidiary of AXA Equitable. AXA
Distributors is under the common control of AXA Financial, Inc. Their principal
business address is 1290 Avenue of the Americas, New York, NY 10104. AXA
Distributors are registered with the SEC as broker-dealers and are members of
the National Association of Securities Dealers, Inc. ("NASD"). The
broker-dealers also acts as distributors for other AXA Equitable life and
annuity products.

The contracts are sold by financial professionals of both affiliated and
unaffiliated broker-dealers that have entered into selling agreements with AXA
Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to AXA Distributors based on contracts sold.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling broker-
dealer. Total compensation paid to a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA
Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

AXA Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. AXA Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Stylus(SM) on a company and/or product list;
sales personnel training; product training; business reporting; technological
support; due diligence and related costs; advertising, marketing and related
services; conferences; and/or other support services, including some that may
benefit the contract owner. Payments may be based on the amount of assets or
purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. AXA Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of AXA Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

AXA Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. AXA Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to AXA Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.



                                                            More information  63



Appendix I: Purchase considerations for QP contracts

- --------------------------------------------------------------------------------


Trustees who are considering the purchase of a Stylus(SM) QP contract should
discuss with their tax advisors whether this is an appropriate investment
vehicle for the employer's plan. Trustees should consider whether the plan
provisions permit the investment of plan assets in the QP contract, the
distribution of such an annuity, the purchase of the Guaranteed minimum income
benefit and other guaranteed benefits, and the payment of death benefits in
accordance with the requirements of the federal income tax rules. The QP
contract and this prospectus should be reviewed in full, and the following
factors, among others, should be noted. Assuming continued plan qualification
and operation, earnings on qualified plan assets will accumulate value on a
tax-deferred basis even if the plan is not funded by the Stylus(SM) QP contract
or another annuity contract. Therefore, you should purchase a Stylus(SM) QP
contract to fund a plan for the contract's features and benefits other than tax
deferral, after considering the relative costs and benefits of annuity
contracts and other types of arrangements and funding vehicles.

We will not accept defined benefit plans. This QP contract accepts only
transfer contributions from other investments within an existing qualified plan
trust. We will not accept ongoing payroll contributions or other contributions
directly from the employer. For 401(k) plans, no employee after-tax
contributions are accepted. A "designated Roth contribution account" is not
available in the QP contract. For defined contribution plans, we will only
accept transfers from another defined contribution plan or a change of
investment vehicles in the plan. Checks written on accounts held in the name of
the employer instead of the plan or the trustee will not be accepted. Only one
additional transfer contribution may be made per contract year. If amounts
attributable to an excess or mistaken contribution must be withdrawn, a
withdrawal charge may apply.

AXA Equitable will not perform or provide any plan recordkeeping services with
respect to the QP contracts. The plan's administrator will be solely
responsible for performing or providing for all such services. There is no loan
feature offered under the QP contracts, so if the plan provides for loans and a
participant takes a loan from the plan, other plan assets must be used as the
source of the loan and any loan repayments must be credited to other investment
vehicles and/or accounts available under the plan.


Given that required minimum distributions must generally commence from the plan
for annuitants after age 70-1/2, trustees should consider that:


o  the QP contract may not be an appropriate purchase for participants
   approaching or over age 70-1/2;

o  provisions in the Treasury Regulations on required minimum distributions
   require that the actuarial present value of additional annuity contract
   benefits be added to the dollar amount credited for purposes of calculating
   required minimum distributions. This could increase the amounts required to
   be distributed;

o  the Guaranteed minimum income benefit may not be an appropriate feature for
   participants who are older than age 60-1/2 when the contract is issued; and


o  if the Guaranteed minimum income benefit is automatically exercised as a
   result of the no lapse guarantee, payments will be made to the trustee.


Finally, because the method of purchasing the QP contract, including the large
initial contribution, and the features of the QP contract may appeal more to
plan participants who are older and tend to be highly paid, and because certain
features of the QP contract are available only to plan participants who meet
certain minimum and/or maximum age requirements, plan trustees should discuss
with their advisors whether the purchase of the QP contract would cause the
plan to engage in prohibited discrimination in contributions, benefits or
otherwise.



A-1 Appendix I: Purchase considerations for QP contracts



Appendix II: Enhanced death benefit example

- --------------------------------------------------------------------------------

The death benefit under the contracts is equal to the account value or, if
greater, the enhanced death benefit, if elected.

The following illustrates the enhanced death benefit calculation. Assuming
$100,000 is allocated to the variable investment options (with no allocation to
the EQ/Money Market ), no additional contributions, no transfers, and no
withdrawals, the enhanced death benefit for an owner age 45 would be calculated
as follows:






- ---------------------------------------------------------------------------------------------------------
   End of
 contract                        6% Roll-Up to age 85     Annual Ratchet to age 85      GWBL Enhanced
   year        Account value   enhanced death benefit     enhanced death benefit      death benefit
- ---------------------------------------------------------------------------------------------------------
                                                                        
     1          $105,000            $  106,000(4)              $  105,000(1)           $  105,000(5)
- ---------------------------------------------------------------------------------------------------------
     2          $115,500            $  112,360(3)              $  115,500(1)           $  115,500(5)
- ---------------------------------------------------------------------------------------------------------
     3          $129,360            $  119,102(3)              $  129,360(1)           $  129,360(5)
- ---------------------------------------------------------------------------------------------------------
     4          $103,488            $  126,248(4)              $  129,360(2)           $  135,828(6)
- ---------------------------------------------------------------------------------------------------------
     5          $113,837            $  133,823(4)              $  129,360(2)           $  142,296(6)
- ---------------------------------------------------------------------------------------------------------
     6          $127,497            $  141,852(4)              $  129,360(2)           $  148,764(6)
- ---------------------------------------------------------------------------------------------------------
     7          $127,497            $  150,363(4)              $  129,360(2)           $  155,232(6)
- ---------------------------------------------------------------------------------------------------------



The account values for contract years 1 through 7 are based on hypothetical
rates of return of 5.00%, 10.00%, 12.00%, (20.00)%, 10.00%, 12.00% and 0.00%.
We are using these rates solely to illustrate how the benefit is determined.
The return rates bear no relationship to past or future investment results.


ANNUAL RATCHET TO AGE 85

(1)  At the end of contract years 1 through 3, the enhanced death benefit is the
     current account value.

(2)  At the end of contract years 4 through 7, the enhanced death benefit is the
     enhanced death benefit at the end of the prior year since it is equal to or
     higher than the current account value.


GREATER OF 6% ROLL-UP TO AGE 85 OR THE ANNUAL RATCHET TO AGE 85


The enhanced death benefit under this option for each year shown would be the
greater of the amounts shown under the 6% Roll-Up to age 85 or Annual Ratchet
to age 85.

(3)  At the end of contract years 2 and 3, the death benefit is the current
     account value.

(4)  At the end of contract years 1 and 4 through 7, the death benefit is the
     enhanced death benefit.



GWBL ENHANCED DEATH BENEFIT

This example assumes no withdrawals. The GWBL Enhanced death benefit is a
guaranteed minimum death benefit that is only available if you elect the
Guaranteed withdrawal benefit for life. If you plan to take withdrawals during
any of the first seven contract years, this illustration is of limited
usefulness to you.

(5)  At the end of contract years 1 through 3, the death benefit is the current
     account value.

(6)  At the end of contract years 4 through 7, the death benefit is the enhanced
     death benefit.

                                 Appendix II: Enhanced death benefit example B-1



Appendix III: Hypothetical illustrations

- --------------------------------------------------------------------------------

ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
                                   BENEFITS

The following tables illustrate the changes in account value, cash value and
the values of the "Greater of 6% Roll-Up to age 85 or Annual Ratchet to age 85"
Guaranteed minimum death benefit and the Guaranteed minimum income benefit
under certain hypothetical circumstances for a Stylus(SM) contract. The table
illustrates the operation of a contract based on a male, issue age 60, who
makes a single $100,000 contribution and takes no withdrawals. The amounts
shown are for the beginning of each contract year and assume that all of the
account value is invested in portfolios that achieve investment returns at
constant gross annual rates of 0% and 6% (i.e., before any investment
management fees, 12b-1 fees or other expenses are deducted from the underlying
portfolio assets). After the deduction of the arithmetic average of the
investment management fees, 12b-1 fees and other expenses of all of the
underlying Portfolios (as described below), the corresponding net annual rates
of return would be (2.33)% and 3.67% for the Stylus(SM) contract, at the 0% and
6% gross annual rates, respectively. These net annual rates of return reflect
the trust and separate account level charges, but they do not reflect the
charges we deduct from your account value annually for the optional Guaranteed
minimum death benefit and the Guaranteed minimum income benefit features, as
well as the annual administrative charge. If the net annual rates of return did
reflect these charges, the net annual rates of return shown would be lower;
however, the values shown in the following tables reflect the following
contract charges: the Greater of 6% Roll-Up to age 85 and Annual Ratchet to age
85 Guaranteed minimum death benefit charge, the Guaranteed minimum income
benefit charge, and any applicable administrative charge and withdrawal charge.
The values shown under "Lifetime annual guaranteed minimum income benefit"
reflect the lifetime income that would be guaranteed if the Guaranteed minimum
income benefit is selected at that contract date anniversary. An "N/A" in these
columns indicates that the benefit is not exercisable in that year. A "0" under
any of the death benefit and/or "Lifetime annual guaranteed minimum income
benefit" columns indicates that the contract has terminated due to insufficient
account value. However, the Guaranteed minimum income benefit has been
automatically exercised, and the owner is receiving lifetime payments.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.14%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.79% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of contract values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee table" earlier in this prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.


C-1 Appendix III: Hypothetical illustrations



Stylus(SM)
$100,000 Single Contribution and No Withdrawals
Male, Issue Age 60
Benefits:

   Greater of 6% Roll-Up to age 85 and Annual Ratchet to age 85 Guaranteed
     minimum death benefit
   Guaranteed minimum income benefit





                                                          Greater of 6%
                                                         Roll-up to age
                                                          85 and Annual                                 Lifetime Annual
                                                         Ratchet to age                        Guaranteed Minimum Income Benefit
                                                          85 Guaranteed                        ----------------------------------
                                                          Minimum Death                           Guaranteed       Hypothetical
                   Account Value        Cash Value           Benefit       Total Death Benefit      Income            Income
       Contract ------------------- ------------------ ------------------- ------------------- ----------------- ----------------
 Age     Year       0%        6%       0%        6%        0%        6%        0%        6%       0%       6%       0%       6%
- ----- --------- --------- --------- -------- --------- --------- --------- --------- --------- -------- -------- -------- -------
                                                                                   
 60        1     100,000  100,000    93,000    93,000   100,000  100,000    100,000  100,000     N/A      N/A      N/A      N/A
 61        2      96,192  102,192    89,192    95,192   106,000  106,000    108,400  108,400     N/A      N/A      N/A      N/A
 62        3      92,394  104,380    86,394    98,380   112,360  112,360    117,304  117,304     N/A      N/A      N/A      N/A
 63        4      88,600  106,558    82,600   100,558   119,102  119,102    126,742  126,742     N/A      N/A      N/A      N/A
 64        5      84,806  108,720    79,806   103,720   126,248  126,248    136,747  136,747     N/A      N/A      N/A      N/A
 65        6      81,006  110,862    78,006   107,862   133,823  133,823    147,352  147,352     N/A      N/A      N/A      N/A
 66        7      77,193  112,976    76,193   111,976   141,852  141,852    158,593  158,593     N/A      N/A      N/A      N/A
 67        8      73,363  115,054    73,363   115,054   150,363  150,363    170,508  170,508     N/A      N/A      N/A      N/A
 68        9      69,508  117,090    69,508   117,090   159,385  159,385    183,139  183,139     N/A      N/A      N/A      N/A
 69       10      65,623  119,074    65,623   119,074   168,948  168,948    196,527  196,527     N/A      N/A      N/A      N/A
 74       15      45,461  127,864    45,461   127,864   226,090  226,090    276,527  276,527   13,520   13,520   13,520   13,520
 79       20      23,279  133,591    23,279   133,591   302,560  302,560    383,584  383,584   20,272   20,272   20,272   20,272
 84       25           0  134,063         0   134,063         0  404,893          0  493,179   32,391   32,391   32,391   32,391
 89       30           0  141,573         0   141,573         0  429,187          0  517,472     N/A      N/A      N/A      N/A
 94       35           0  153,733         0   153,733         0  429,187          0  517,472     N/A      N/A      N/A      N/A
 95       36           0  156,431         0   156,431         0  429,187          0  517,472     N/A      N/A      N/A      N/A



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.


                                    Appendix III: Hypothetical illustrations C-2



Appendix IV: State contract availability and/or variations of certain features
and benefits

- --------------------------------------------------------------------------------

The following information is a summary of the states where the Stylus(SM)
contract or certain features and/or benefits are either not available as of the
date of this Prospectus or vary from the contract's features and benefits as
previously described in this Prospectus.



STATES WHERE CERTAIN STYLUS(SM) FEATURES AND/OR BENEFITS ARE NOT AVAILABLE OR
HAVE CERTAIN VARIATIONS TO FEATURES AND/OR BENEFITS:






- --------------------------------------------------------------------------------
 State          Features and Benefits
- --------------------------------------------------------------------------------
            
CALIFORNIA     See "Contract features and benefits"--"Your right to can-
               cel within a certain number of days"
- --------------------------------------------------------------------------------
PENNSYLVANIA   Required disclosure for Pennsylvania customers
- --------------------------------------------------------------------------------
PUERTO RICO    IRA, Roth IRA, Inherited IRA and QP contracts

               Beneficiary continuation option (IRA)

               Tax information-- special rules for NQ contracts
- --------------------------------------------------------------------------------



- --------------------------------------------------------------------------------
 State          Availability or Variation
- --------------------------------------------------------------------------------
            
CALIFORNIA     If you reside in the state of California and you are age 60
               and older at the time the contract is issued, you may return
               your variable annuity contract within 30 days from the date
               that you receive it and receive a refund as described below.

               If you allocate your entire initial contribution to the
               EQ/Money Market option, the amount of your refund will be
               equal to your contribution less interest, unless you make a
               transfer, in which case the amount of your refund will be
               equal to your account value on the date we receive your
               request to cancel at our processing office. This amount
               could be less than your initial contribution. If you allocate
               any portion of your initial contribution to the variable invest-
               ment options (other than the EQ/Money Market option),
               your refund will be equal to your account value on the date
               we receive your request to cancel at our processing office.
- --------------------------------------------------------------------------------
PENNSYLVANIA   Any person who knowingly and with intent to defraud any
               insurance company or other person files an application for
               insurance or statement of claim containing any materially
               false information or conceals for the purpose of misleading,
               information concerning any fact material thereto commits a
               fraudulent insurance act, which is a crime and subjects such
               person to criminal and civil penalties.
- --------------------------------------------------------------------------------
PUERTO RICO    Not Available

               Not Available

               Income from NQ contracts we issue is U.S. source. A Puerto
               Rico resident is subject to U.S. taxation on such U.S. source
               income. Only Puerto Rico source income of Puerto Rico resi-
               dents is excludable from U.S. taxation. Income from NQ
               contracts is also subject to Puerto Rico tax. The calculation
               of the taxable portion of amounts distributed from a con-
               tract may differ in the two jurisdictions. Therefore, you might
               have to file both U.S. and Puerto Rico tax returns, showing
               different amounts of income from the contract for each tax
               return. Puerto Rico generally provides a credit against
               Puerto Rico tax for U.S. tax paid. Depending on your per-
               sonal situation and the timing of the different tax liabilities,
               you may not be able to take full advantage of this credit.
- --------------------------------------------------------------------------------



D-1 Appendix IV: State contract availability and/or variations of certain
features and benefits



Statement of additional information

- --------------------------------------------------------------------------------

TABLE OF CONTENTS


                                                                            Page
Who is AXA Equitable?                                                        2
Unit Values                                                                  2
Custodian and Independent Registered Public Accounting Firm                  2
Distribution of the Contracts                                                2
Financial Statements                                                         2


How to Obtain a Stylus(SM) Statement of Additional Information for
Separate Account No. 49

Send this request form to:
  Stylus(SM)
  P.O. Box 1547
  Secaucus, NJ 07096-1547

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Please send me a Stylus(SM) SAI for Separate Account No. 49 dated May 1, 2007.



- --------------------------------------------------------------------------------
Name:


- --------------------------------------------------------------------------------
Address:


- --------------------------------------------------------------------------------
City           State    Zip










                                                                x01604Stylus(SM)





AXA EQUITABLE LIFE INSURANCE COMPANY
SUPPLEMENT DATED MAY 1, 2007 TO PROSPECTUSES FOR:




                                                              
o Income Manager(SM) Accumulator(R) o  Accumulator(R)               o  Accumulator(R) Elite(SM)
o Income Manager(SM) Rollover IRA   o  Accumulator(R) Select(SM)    o  Accumulator(R) Elite(SM) II
o Accumulator(R) (IRA, NQ, QP)      o  Accumulator(R) Select(SM) II
o Accumulator(R) Plus(SM)           o  Accumulator(R) Express(SM)
- --------------------------------------------------------------------------------------------------



This Supplement updates certain information in the most recent prospectus and
statement of additional information you received for any of the products listed
above, and in any Supplements to that prospectus and statement of additional
information. The Appendix sets forth the dates of such prior prospectuses,
statements of additional information and supplements, which, in addition to
this Supplement, should be kept for future reference.


We have filed with the Securities and Exchange Commission (SEC) our Statement
of Additional Information (SAI) dated May 1, 2007. If you do not presently have
a copy of the prospectus and prior Supplements, you may obtain additional
copies, as well as a copy of the SAI, from us, free of charge, by writing to
AXA Equitable, P.O. Box 1547, Secaucus, NJ 07096-1547, or calling (800)
789-7771. If you only need a copy of the SAI, you may mail in the SAI request
form located at the end of this Supplement. The SAI has been incorporated by
reference into this Supplement. This Supplement and the SAI can also be
obtained from the SEC's website at www.sec.gov.

In this Supplement, we provide information on the following: (1) how to reach
us; (2) investment options; (3) the Trusts' annual expenses and expense
example; (4) important information about your guaranteed benefits; (5) tax
information; (6) updated information on AXA Equitable; (7) managing your
allocations; (8) disruptive transfer activity; (9) wire transmittals and
electronic applications information; (10) certain information about our
business day; (11) your contract date and contract date anniversary; (12) legal
proceedings; (13) distribution of the contracts; (14) incorporation of certain
documents by reference; (15) condensed financial information; and (16)
hypothetical illustrations.
(1) HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically, may be unavailable or delayed (for example our facsimile
service may not be available at all times and/or we may be unavailable due to
emergency closing). In addition, the level and type of service available may be
restricted based on criteria established by us.

- --------------------------------------------------------------------------------
 FOR CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R)
P.O. Box 13014
Newark, NJ 07188-0014

- --------------------------------------------------------------------------------
 FOR CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
c/o JPMorgan Chase -- Remit One Lockbox Processing
Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox

- --------------------------------------------------------------------------------
 FOR ALL OTHER COMMUNICATIONS (E.G., REQUESTS FOR
 TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 REGULAR MAIL:
- --------------------------------------------------------------------------------

Accumulator(R)
P.O. Box 1547
Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------
 FOR ALL OTHER COMMUNICATIONS (E.G., REQUESTS FOR
 TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY
 EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

Accumulator(R)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094


- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------

o    written confirmation of financial transactions;

o    statement of your contract values at the close of each calendar year and
     any calendar quarter in which there was a financial transaction; and

o    annual statement of your contract values as of the close of the contract
     year, including notification of eligibility to exercise the guaranteed
     minimum income benefit, if applicable.

- --------------------------------------------------------------------------------
 TELEPHONE OPERATED PROGRAM SUPPORT ("TOPS") AND
 EQACCESS SYSTEMS:
- --------------------------------------------------------------------------------

TOPS is designed to provide you with up-to-date information via touch-tone
telephone. EQAccess is designed to provide this information through the
Internet. You can obtain information on:

o    your current account value;

o    your current allocation percentages;

o    the number of units you have in the variable investment options;

o    rates to maturity for the fixed maturity options;

o    the daily unit values for the variable investment options; and

o    performance information regarding the variable investment options (not
     available through TOPS).

You can also:

o    change your allocation percentages and/or transfer among the investment
     options;

                                                                 X01475 - Global




o    elect to receive certain contract statements electronically;

o    change your address (not available through TOPS);

o    change your TOPS personal identification number ("PIN") (through TOPS only)
     and your EQAccess password (through EQAccess only); and

o    access Frequently Asked Questions and Service Forms (not available through
     TOPS).

TOPS and EQAccess are normally available seven days a week, 24 hours a day. You
may use TOPS by calling toll free 1-888-909-7770. If you are a client with AXA
Advisors you may use EQAccess by visiting our website at www.axaonline.com and
logging in to access your account. All other clients may access EQAccess by
visiting our website at www.axa-equitable.com. Of course, for reasons beyond
our control, these services may sometimes be unavailable.

We have established procedures to reasonably confirm that the instructions
communicated by telephone or Internet are genuine. For example, we will require
certain personal identification information before we will act on telephone or
Internet instructions and we will provide written confirmation of your
transfers. If we do not employ reasonable procedures to confirm the genuineness
of telephone or Internet instructions, we may be liable for any losses arising
out of any act or omission that constitutes negligence, lack of good faith, or
willful misconduct. In light of our procedures, we will not be liable for
following telephone or Internet instructions we reasonably believe to be
genuine.

We reserve the right to limit access to these services if we determine that you
engaged in a disruptive transfer activity, such as "market timing" (see
"Disruptive transfer activity" in "Transferring your money among investment
options" in your Prospectus).

- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVE:
- --------------------------------------------------------------------------------

You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on any business day from 8:30 a.m. until 5:30 p.m., Eastern Time.

2



(2) INVESTMENT OPTIONS

PORTFOLIOS OF THE TRUSTS


You should note that some portfolios have objectives and strategies that are
substantially similar to those of certain retail funds that are purchased
directly rather than under a variable insurance product such as an
Accumulator(R) series variable annuity. These funds may even have the same
manager(s) and/or a similar name. However, there are numerous factors that can
contribute to differences in performance between two investments, particularly
over short periods of time. Such factors include the timing of stock purchases
and sales; differences in fund cash flows; and specific strategies employed by
the portfolio manager.

The AXA Allocation Portfolios offer contract owners a convenient opportunity to
invest in other portfolios that are managed and have been selected for
inclusion in the AXA Allocation Portfolios by AXA Equitable. AXA Advisors, LLC,
an affiliated broker-dealer of AXA Equitable, may promote the benefits of such
portfolios to contract owners and/or suggest, incidental to the sale of this
contract, that contract owners consider whether allocating some or all of their
account value to such portfolios is consistent with their desired investment
objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject
to conflicts of interest insofar as AXA Equitable may derive greater revenues
from the AXA Allocation Portfolios than certain other portfolios available to
you under your contract. In addition, the AXA Allocation Portfolios may enable
AXA Equitable to more efficiently manage AXA Equitable's financial risks
associated with certain guaranteed features including those optional benefits
that restrict allocations to the AXA Allocation Portfolios. Please see
"Managing your allocations" for more information about your role in managing
your allocations.

AXA Equitable serves as the investment manager of the Portfolios of AXA Premier
VIP Trust and EQ Advisors Trust. For some Portfolios, AXA Equitable has entered
into sub-advisory agreements with investment advisers (the "sub-advisers") to
carry out the day-to-day investment decisions for the Portfolios. As such, AXA
Equitable oversees the activities of the sub-advisers with respect to the
Trusts and is responsible for retaining or discontinuing the services of those
sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio.





- --------------------------------------------------------------------------------------
AXA Premier VIP Trust
Portfolio Name(*)             Objective
- --------------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     Seeks long-term capital appreciation.
- --------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   Seeks a high level of current income.
- --------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         Seeks current income and growth of capital, with a
 ALLOCATION                   greater emphasis on current income.
- --------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       Seeks long-term capital appreciation and current income.
- --------------------------------------------------------------------------------------
AXA MODERATE-PLUS             Seeks long-term capital appreciation and current income,
 ALLOCATION                   with a greater emphasis on capital appreciation.
- --------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       Long-term growth of capital.
 EQUITY(1)
- --------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     To seek a balance of a high current income and capital
                              appreciation, consistent with a prudent level of risk.
- --------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   Long-term growth of capital.
- --------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    High total return through a combination of current
                              income and capital appreciation.
- --------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    Long-term growth of capital.
 EQUITY(5)
- --------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------
AXA Premier VIP Trust         Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)             applicable)
- --------------------------------------------------------------------------------------
                           
AXA AGGRESSIVE ALLOCATION     o AXA Equitable
- --------------------------------------------------------------------------------------
AXA CONSERVATIVE ALLOCATION   o AXA Equitable
- --------------------------------------------------------------------------------------
AXA CONSERVATIVE-PLUS         o AXA Equitable
 ALLOCATION
- --------------------------------------------------------------------------------------
AXA MODERATE ALLOCATION       o AXA Equitable
- --------------------------------------------------------------------------------------
AXA MODERATE-PLUS             o AXA Equitable
 ALLOCATION
- --------------------------------------------------------------------------------------
MULTIMANAGER AGGRESSIVE       o AllianceBernstein L.P.
 EQUITY(1)                    o ClearBridge Advisors, LLC
                              o Legg Mason Capital Management, Inc.
                              o Marsico Capital Management, LLC
- --------------------------------------------------------------------------------------
MULTIMANAGER CORE BOND(2)     o BlackRock Financial Management, Inc.
                              o Pacific Investment Management Company LLC
- --------------------------------------------------------------------------------------
MULTIMANAGER HEALTH CARE(3)   o A I M Capital Management, Inc.
                              o RCM Capital Management LLC
                              o Wellington Management Company, LLP
- --------------------------------------------------------------------------------------
MULTIMANAGER HIGH YIELD(4)    o Pacific Investment Management Company LLC
                              o Post Advisory Group, LLC
- --------------------------------------------------------------------------------------
MULTIMANAGER INTERNATIONAL    o AllianceBernstein L.P.
 EQUITY(5)                    o JPMorgan Investment Management Inc.
                              o Marsico Capital Management, LLC
- --------------------------------------------------------------------------------------



                                                                              3






- --------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                                                 Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                             applicable)
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o AllianceBernstein L.P.
 CORE EQUITY(6)                                                                       o Janus Capital Management LLC
                                                                                      o Thornburg Investment Management, Inc.
- --------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o RCM Capital Management LLC
 GROWTH(7)                                                                            o TCW Investment Management Company
                                                                                      o T. Rowe Price Associates, Inc.
- --------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER LARGE CAP         Long-term growth of capital.                           o AllianceBernstein L.P.
 VALUE(8)                                                                             o Institutional Capital LLC
                                                                                      o MFS Investment Management
- --------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o AllianceBernstein L.P.
 GROWTH(9)                                                                            o Franklin Advisers, Inc.
                                                                                      o Provident Investment Counsel, Inc.
- --------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER MID CAP           Long-term growth of capital.                           o AXA Rosenberg Investment Management LLC
 VALUE(10)                                                                            o TCW Investment Management Company
                                                                                      o Wellington Management Company, LLP
- --------------------------------------------------------------------------------------------------------------------------------
MULTIMANAGER TECHNOLOGY(11)    Long-term growth of capital.                           o Firsthand Capital Management, Inc.
                                                                                      o RCM Capital Management LLC
                                                                                      o Wellington Management Company, LLP
- --------------------------------------------------------------------------------------------------------------------------------

EQ Advisors Trust                                                                     Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)               Objective                                             applicable)
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN COM-      Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 MON STOCK
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN GROWTH    Seeks to provide a high total return.                  o AllianceBernstein L.P.
 AND INCOME++
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve high current income consistent with   o AllianceBernstein L.P.
 MEDIATE GOVERNMENT            relative stability of principal.
 SECURITIES
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN INTER-    Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 NATIONAL
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN LARGE     Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 CAP GROWTH
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN QUALITY   Seeks to achieve high current income consistent with   o AllianceBernstein L.P.
 BOND                          moderate risk to capital.
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN SMALL     Seeks to achieve long-term growth of capital.          o AllianceBernstein L.P.
 CAP GROWTH
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ALLIANCEBERNSTEIN VALUE     Seeks capital appreciation.                            o AllianceBernstein L.P.
- --------------------------------------------------------------------------------------------------------------------------------
EQ/ARIEL APPRECIATION II       Seeks long-term capital appreciation.                  o Ariel Capital Management, LLC
- --------------------------------------------------------------------------------------------------------------------------------
EQ/BLACKROCK BASIC VALUE       Seeks capital appreciation and secondarily, income.    o BlackRock Investment Management, LLC
 EQUITY(12)
- --------------------------------------------------------------------------------------------------------------------------------



4






- --------------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)              Objective
- --------------------------------------------------------------------------------------------
                           
EQ/BLACKROCK INTERNATIONAL    Seeks to provide current income and long-term growth of
 VALUE(13)                    income, accompanied by growth of capital.
- --------------------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     Seeks a combination of growth and income to achieve an
 INCOME                       above-average and consistent total return.
- --------------------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           Seeks long-term capital appreciation.
 RESPONSIBLE
- --------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           To achieve long-term growth of capital.
 INTERNATIONAL+
- --------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           Seeks to achieve long-term growth of capital.
 RESEARCH
- --------------------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      Seeks to achieve long-term growth of capital.
 EQUITY++
- --------------------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        Seeks to maximize current income.
 YIELD BOND
- --------------------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           Seeks a total return before expenses that approximates
                              the total return performance of the S&P 500 Index,
                              including reinvestment of dividends, at a risk level consis-
                              tent with that of the S&P 500 Index.
- --------------------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    Seeks capital growth and current income.
 BOND
- --------------------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            Seeks long-term capital growth.
- --------------------------------------------------------------------------------------------
EQ/FI MID CAP                 Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          Seeks long-term capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            Seeks to maximize income while maintaining prospects
                              for capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   Seeks long-term total return.
- --------------------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         Primarily seeks capital appreciation and secondarily seeks
 FOUNDING STRATEGY(**)        income.
- --------------------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          Seeks to achieve capital appreciation.
 ACQUISITIONS
- --------------------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        Seeks to maximize capital appreciation.
 VALUE
- --------------------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       Seeks to achieve capital appreciation.
- --------------------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   Seeks long-term growth of capital.
- --------------------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND         Seeks to provide a high total return consistent with mod-
                              erate risk to capital and maintenance of liquidity.
- --------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
EQ Advisors Trust             Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)             applicable)
- --------------------------------------------------------------------------------
                           
EQ/BLACKROCK INTERNATIONAL    o BlackRock Investment Management Interna-
 VALUE(13)                      tional Limited
- --------------------------------------------------------------------------------
EQ/BOSTON ADVISORS EQUITY     o Boston Advisors, LLC
 INCOME
- --------------------------------------------------------------------------------
EQ/CALVERT SOCIALLY           o Calvert Asset Management Company, Inc.
 RESPONSIBLE                  o Bridgeway Capital Management, Inc.
- --------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN GROWTH    o Capital Guardian Trust Company
- --------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           o Capital Guardian Trust Company
 INTERNATIONAL+
- --------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN           o Capital Guardian Trust Company
 RESEARCH
- --------------------------------------------------------------------------------
EQ/CAPITAL GUARDIAN U.S.      o Capital Guardian Trust Company
 EQUITY++
- --------------------------------------------------------------------------------
EQ/CAYWOOD-SCHOLL HIGH        o Caywood-Scholl Capital Management
 YIELD BOND
- --------------------------------------------------------------------------------
EQ/DAVIS NEW YORK VENTURE     o Davis Selected Advisers, L.P.
- --------------------------------------------------------------------------------
EQ/EQUITY 500 INDEX           o AllianceBernstein L.P.
- --------------------------------------------------------------------------------
EQ/EVERGREEN INTERNATIONAL    o Evergreen Investment Management
 BOND                           Company, LLC
                              o First International Fund Advisors (dba
                                "Evergreen International")
- --------------------------------------------------------------------------------
EQ/EVERGREEN OMEGA            o Evergreen Investment Management
                                Company, LLC
- --------------------------------------------------------------------------------
EQ/FI MID CAP                 o Fidelity Management & Research Company
- --------------------------------------------------------------------------------
EQ/FI MID CAP VALUE+          o Fidelity Management & Research Company
- --------------------------------------------------------------------------------
EQ/FRANKLIN INCOME            o Franklin Advisers, Inc.
- --------------------------------------------------------------------------------
EQ/FRANKLIN SMALL CAP VALUE   o Franklin Advisory Services, LLC
- --------------------------------------------------------------------------------
EQ/FRANKLIN TEMPLETON         o AXA Equitable
 FOUNDING STRATEGY(**)
- --------------------------------------------------------------------------------
EQ/GAMCO MERGERS AND          o GAMCO Asset Management Inc.
 ACQUISITIONS
- --------------------------------------------------------------------------------
EQ/GAMCO SMALL COMPANY        o GAMCO Asset Management Inc.
 VALUE
- --------------------------------------------------------------------------------
EQ/INTERNATIONAL GROWTH       o MFS Investment Management.
- --------------------------------------------------------------------------------
EQ/JANUS LARGE CAP GROWTH++   o Janus Capital Management LLC
- --------------------------------------------------------------------------------
EQ/JPMORGAN CORE BOND         o JPMorgan Investment Management Inc.
- --------------------------------------------------------------------------------



                                                                              5






- ----------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)               Objective
- ----------------------------------------------------------------------------------------
                            
EQ/JPMORGAN VALUE              Long-term capital appreciation.
 OPPORTUNITIES
- ----------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     Seeks long-term growth of capital.
- ----------------------------------------------------------------------------------------
EQ/LONG TERM BOND              Seeks to maximize income and capital appreciation
                               through investment in long-maturity debt obligations.
- ----------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      Capital appreciation and growth of income without
 INCOME                        excessive fluctuation in market value.
- ----------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       Capital appreciation and growth of income with reason-
 CORE                          able risk.
- ----------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   Capital appreciation.
- ----------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               Seeks long-term growth of capital.
- ----------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         Seeks to provide long-term capital growth.
 COMPANIES+
- ----------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        Seeks long-term growth of capital with a secondary
                               objective to seek reasonable current income. For purposes
                               of this Portfolio, the words "reasonable current income"
                               mean moderate income.
- ----------------------------------------------------------------------------------------
EQ/MONEY MARKET                Seeks to obtain a high level of current income, preserve
                               its assets and maintain liquidity.
- ----------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           Seeks to achieve capital appreciation.
 GROWTH
- ----------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               Seeks capital appreciation, which may occasionally be
                               short-term, and secondarily, income.
- ----------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          Seeks capital appreciation.
- ----------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks long-term capital appreciation.
 OPPORTUNITY
- ----------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     Seeks capital appreciation.
 SMALL CAP
- ----------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           Seeks maximum real return consistent with preservation
                               of real capital and prudent investment management.
- ----------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         Seeks current income with reduced volatility of
                               principal.
- ----------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            Seeks capital appreciation.
- ----------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       Seeks to achieve capital appreciation.
- ----------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         Seeks to replicate as closely as possible (before the
                               deduction of portfolio expenses) the total return of the
                               Russell 2000 Index.
- ----------------------------------------------------------------------------------------
EQ/TCW EQUITY++                Seeks to achieve long-term capital appreciation.
- ----------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH            Seeks long-term capital growth.
- ----------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------
EQ Advisors Trust              Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)              applicable)
- ----------------------------------------------------------------------------------------
                            
EQ/JPMORGAN VALUE              o JPMorgan Investment Management Inc.
 OPPORTUNITIES
- ----------------------------------------------------------------------------------------
EQ/LEGG MASON VALUE EQUITY     o Legg Mason Capital Management, Inc.
- ----------------------------------------------------------------------------------------
EQ/LONG TERM BOND              o BlackRock Financial Management, Inc.
- ----------------------------------------------------------------------------------------
EQ/LORD ABBETT GROWTH AND      o Lord, Abbett & Co. LLC
 INCOME
- ----------------------------------------------------------------------------------------
EQ/LORD ABBETT LARGE CAP       o Lord, Abbett & Co. LLC
 CORE
- ----------------------------------------------------------------------------------------
EQ/LORD ABBETT MID CAP VALUE   o Lord, Abbett & Co. LLC
- ----------------------------------------------------------------------------------------
EQ/MARSICO FOCUS               o Marsico Capital Management, LLC
- ----------------------------------------------------------------------------------------
EQ/MFS EMERGING GROWTH         o MFS Investment Management
 COMPANIES+
- ----------------------------------------------------------------------------------------
EQ/MFS INVESTORS TRUST+        o MFS Investment Management
- ----------------------------------------------------------------------------------------
EQ/MONEY MARKET                o The Dreyfus Corporation
- ----------------------------------------------------------------------------------------
EQ/MONTAG & CALDWELL           o Montag & Caldwell, Inc.
 GROWTH
- ----------------------------------------------------------------------------------------
EQ/MUTUAL SHARES               o Franklin Mutual Advisers, LLC
- ----------------------------------------------------------------------------------------
EQ/OPPENHEIMER GLOBAL          o OppenheimerFunds, Inc.
- ----------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     o OppenheimerFunds, Inc.
 OPPORTUNITY
- ----------------------------------------------------------------------------------------
EQ/OPPENHEIMER MAIN STREET     o OppenheimerFunds, Inc.
 SMALL CAP
- ----------------------------------------------------------------------------------------
EQ/PIMCO REAL RETURN           o Pacific Investment Management Company,
                                 LLC
- ----------------------------------------------------------------------------------------
EQ/SHORT DURATION BOND         o BlackRock Financial Management, Inc.
- ----------------------------------------------------------------------------------------
EQ/SMALL CAP VALUE+            o Lazard Asset Management LLC
                               o Franklin Advisory Services, LLC
- ----------------------------------------------------------------------------------------
EQ/SMALL COMPANY GROWTH+       o Bear Stearns Asset Management Inc.
                               o Eagle Asset Management, Inc.
                               o Wells Capital Management, Inc.
- ----------------------------------------------------------------------------------------
EQ/SMALL COMPANY INDEX         o AllianceBernstein L.P.
- ----------------------------------------------------------------------------------------
EQ/TCW EQUITY++                o TCW Investment Management Company
- ----------------------------------------------------------------------------------------
EQ/TEMPLETON GROWTH            o Templeton Global Advisors Limited
- ----------------------------------------------------------------------------------------



6






- ----------------------------------------------------------------------------------------
EQ Advisors Trust
Portfolio Name(*)           Objective
- ----------------------------------------------------------------------------------------
                         
EQ/UBS GROWTH AND INCOME    Seeks to achieve total return through capital appreciation
                            with income as a secondary consideration.
- ----------------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK      Capital growth and income.
- ----------------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING      Seeks long-term capital appreciation.
 MARKETS EQUITY
- ----------------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP       Capital growth.
 GROWTH
- ----------------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY   Seeks long-term capital appreciation.
 SMALL CAP++
- ----------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
EQ Advisors Trust           Investment Manager (or Sub-Adviser(s), as
Portfolio Name(*)           applicable)
- --------------------------------------------------------------------------------
                         
EQ/UBS GROWTH AND INCOME    o UBS Global Asset Management
                              (Americas) Inc.
- --------------------------------------------------------------------------------
EQ/VAN KAMPEN COMSTOCK      o Morgan Stanley Investment
                              Management Inc.
- --------------------------------------------------------------------------------
EQ/VAN KAMPEN EMERGING      o Morgan Stanley Investment
 MARKETS EQUITY               Management Inc.
- --------------------------------------------------------------------------------
EQ/VAN KAMPEN MID CAP       o Morgan Stanley Investment
 GROWTH                       Management Inc.
- --------------------------------------------------------------------------------
EQ/WELLS FARGO MONTGOMERY   o Wells Capital Management Inc.
 SMALL CAP++
- --------------------------------------------------------------------------------




(*)  This portfolio information reflects the portfolio's name change effective
     on or about May 29, 2007, subject to regulatory approval. The chart below
     reflects the portfolio's name in effect, until on or about May 29, 2007.
     The number in the "FN" column corresponds with the number contained in the
     table above.



     --------------------------------------------
      FN    Portfolio Name until May 29, 2007
     --------------------------------------------
     (1)    AXA Premier VIP Aggressive Equity
     --------------------------------------------
     (2)    AXA Premier VIP Core Bond
     --------------------------------------------
     (3)    AXA Premier VIP Health Care
     --------------------------------------------
     (4)    AXA Premier VIP High Yield
     --------------------------------------------
     (5)    AXA Premier VIP International Equity
     --------------------------------------------
     (6)    AXA Premier VIP Large Cap Core Equity
     --------------------------------------------
     (7)    AXA Premier VIP Large Cap Growth
     --------------------------------------------
     (8)    AXA Premier VIP Large Cap Value
     --------------------------------------------
     (9)    AXA Premier VIP Mid Cap Growth
     --------------------------------------------
     (10)   AXA Premier VIP Mid Cap Value
     --------------------------------------------
     (11)   AXA Premier VIP Technology
     --------------------------------------------
     (12)   EQ/Mercury Basic Value Equity
     --------------------------------------------
     (13)   EQ/Mercury International Value
     --------------------------------------------



**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned merger of this Portfolio.

You should consider the investment objectives, risks and charges and expenses
of the Portfolios carefully before investing. The prospectuses for the Trusts
contain this and other important information about the Portfolios. The
prospectuses should be read carefully before investing. In order to obtain
copies of Trust prospectuses that do not accompany this supplement, you may
call one of our customer service representatives at 1-800-789-7771.


(3) THE TRUSTS' ANNUAL EXPENSES AND EXPENSE EXAMPLE

The following table shows the lowest and highest total operating expenses
charged by any of the Portfolios that you will pay periodically during the time
that you own the contract. These fees and expenses are reflected in the
Portfolio's net asset value each day. Therefore, they reduce the investment
return of the Portfolio and the related variable investment option. Actual fees
and expenses are likely to fluctuate from year to year. More detail concerning
each Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.


You also bear your proportionate share of all fees and expenses paid by a
"Portfolio" that corresponds to any variable investment option you are using.
This table shows the lowest and highest total operating expenses charged by any
of the Portfolios that you will pay periodically during the time that you own
the contract. These fees and expenses are reflected in the Portfolio's net
asset value each day. Therefore, they reduce the investment return of the
Portfolio and the related variable investment option. Actual fees and expenses
are likely to fluctuate from year to year. More detail concerning each
Portfolio's fees and expenses is contained in the Trust prospectus for the
Portfolio.


                                                                               7





                                                                                        
- -----------------------------------------------------------------------------------------------------
Portfolio operating expenses expressed as an annual percentage of daily net assets
- -----------------------------------------------------------------------------------------------------
Total Annual Portfolio Operating Expenses for 2006 (expenses that are deducted     Lowest     Highest
from Portfolio assets including management fees, 12b-1 fees, service fees, and/or  ------     -------
other expenses)(1)                                                                 0.63%      3.15%




This table shows the fees and expenses for 2006 as an annual percentage of each
Portfolio's daily average net assets


8



..




- ----------------------------------------------------------------------------------------------
                                              Manage-                         Other
Portfolio Name                              ment Fees(2)   12b-1 Fees(3)   Expenses (4)
- ----------------------------------------------------------------------------------------------
AXA Premier VIP Trust:
- ----------------------------------------------------------------------------------------------
                                                                      
AXA Aggressive Allocation                      0.10%          0.25%            0.18%
AXA Conservative Allocation                    0.10%          0.25%            0.22%
AXA Conservative-Plus Allocation               0.10%          0.25%            0.18%
AXA Moderate Allocation                        0.10%          0.25%            0.17%
AXA Moderate-Plus Allocation                   0.10%          0.25%            0.17%
Multimanager Aggressive Equity *               0.61%          0.25%            0.19%
Multimanager Core Bond*                        0.59%          0.25%            0.18%
Multimanager Health Care*                      1.20%          0.25%            0.23%
Multimanager High Yield*                       0.58%          0.25%            0.18%
Multimanager International Equity*             1.02%          0.25%            0.26%
Multimanager Large Cap Core Equity*            0.90%          0.25%            0.20%
Multimanager Large Cap Growth*                 0.90%          0.25%            0.22%
Multimanager Large Cap Value*                  0.88%          0.25%            0.22%
Multimanager Mid Cap Growth*                   1.10%          0.25%            0.20%
Multimanager Mid Cap Value*                    1.10%          0.25%            0.21%
Multimanager Technology *                      1.20%          0.25%            0.23%
- ----------------------------------------------------------------------------------------------

EQ Advisors Trust:
- ----------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock              0.47%          0.25%            0.13%
EQ/AllianceBernstein Growth and Income++       0.56%          0.25%            0.12%
EQ/AllianceBernstein Intermediate Government   0.50%          0.25%            0.14%
Securities
EQ/AllianceBernstein International             0.71%          0.25%            0.20%
EQ/AllianceBernstein Large Cap Growth          0.90%          0.25%            0.11%
EQ/AllianceBernstein Quality Bond              0.50%          0.25%            0.14%
EQ/AllianceBernstein Small Cap Growth          0.74%          0.25%            0.13%
EQ/AllianceBernstein Value                     0.60%          0.25%            0.13%
EQ/Ariel Appreciation II                       0.75%          0.25%            0.51%
EQ/BlackRock Basic Value Equity*               0.55%          0.25%            0.14%
EQ/BlackRock International Value*              0.82%          0.25%            0.21%
EQ/Boston Advisors Equity Income               0.75%          0.25%            0.15%
EQ/Calvert Socially Responsible                0.65%          0.25%            0.25%
EQ/Capital Guardian Growth                     0.65%          0.25%            0.16%
EQ/Capital Guardian International+             0.83%          0.25%            0.21%
EQ/Capital Guardian Research                   0.65%          0.25%            0.13%
EQ/Capital Guardian U.S. Equity++              0.64%          0.25%            0.14%
EQ/Caywood-Scholl High Yield Bond              0.60%          0.25%            0.18%
EQ/Davis New York Venture                      0.85%          0.25%            0.74%
EQ/Equity 500 Index                            0.25%          0.25%            0.13%
EQ/Evergreen International Bond                0.70%          0.25%            0.23%
EQ/Evergreen Omega                             0.65%          0.25%            0.21%
EQ/FI Mid Cap                                  0.68%          0.25%            0.15%
EQ/FI Mid Cap Value+                           0.73%          0.25%            0.13%
EQ/Franklin Income                             0.90%          0.25%            0.38%
EQ/Franklin Small Cap Value                    0.90%          0.25%            2.00%
EQ/Franklin Templeton Founding Strategy**      0.05%          0.25%            0.21%
EQ/GAMCO Mergers and Acquisitions              0.90%          0.25%            0.33%
EQ/GAMCO Small Company Value                   0.78%          0.25%            0.14%
EQ/International Growth                        0.85%          0.25%            0.35%
EQ/Janus Large Cap Growth++                    0.90%          0.25%            0.15%
EQ/JPMorgan Core Bond                          0.44%          0.25%            0.15%
EQ/JPMorgan Value Opportunities                0.60%          0.25%            0.16%
EQ/Legg Mason Value Equity                     0.65%          0.25%            0.22%
EQ/Long Term Bond                              0.43%          0.25%            0.15%
EQ/Lord Abbett Growth and Income               0.65%          0.25%            0.26%
EQ/Lord Abbett Large Cap Core                  0.65%          0.25%            0.41%
EQ/Lord Abbett Mid Cap Value                   0.70%          0.25%            0.18%
- ----------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------
                                              Acquired                                      Net Total
                                             Fund Fees      Total Annual    Fee Waivers      Annual
                                                and           Expenses        and/or        Expenses
                                              Expenses        (Before         Expense        (After
                                            (Underlying       Expense       Reimburse-    Expense Limi-
Portfolio Name                             Portfolio)(5)    Limitations)     ments(6)       tations)
- -------------------------------------------------------------------------------------------------------------
                                                                                  
AXA Premier VIP Trust:
- -------------------------------------------------------------------------------------------------------------
AXA Aggressive Allocation                      0.91%           1.44%           (0.18)%        1.26%
AXA Conservative Allocation                    0.67%           1.24%           (0.22)%        1.02%
AXA Conservative-Plus Allocation               0.72%           1.25%           (0.18)%        1.07%
AXA Moderate Allocation                        0.78%           1.30%           (0.17)%        1.13%
AXA Moderate-Plus Allocation                   0.85%           1.37%           (0.17)%        1.20%
Multimanager Aggressive Equity *                 --            1.05%              --          1.05%
Multimanager Core Bond*                          --            1.02%           (0.07)%        0.95%
Multimanager Health Care*                        --            1.68%            0.00%         1.68%
Multimanager High Yield*                         --            1.01%              --          1.01%
Multimanager International Equity*               --            1.53%            0.00%         1.53%
Multimanager Large Cap Core Equity*              --            1.35%            0.00%         1.35%
Multimanager Large Cap Growth*                   --            1.37%           (0.02)%        1.35%
Multimanager Large Cap Value*                    --            1.35%            0.00%         1.35%
Multimanager Mid Cap Growth*                   0.01%           1.56%            0.00%         1.56%
Multimanager Mid Cap Value*                    0.03%           1.59%            0.00%         1.59%
Multimanager Technology *                        --            1.68%            0.00%         1.68%
- -------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust:
- -------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock                --            0.85%              --          0.85%
EQ/AllianceBernstein Growth and Income++         --            0.93%              --          0.93%
EQ/AllianceBernstein Intermediate Government     --            0.89%              --          0.89%
Securities
EQ/AllianceBernstein International               --            1.16%           (0.06)%        1.10%
EQ/AllianceBernstein Large Cap Growth            --            1.26%           (0.21)%        1.05%
EQ/AllianceBernstein Quality Bond                --            0.89%              --          0.89%
EQ/AllianceBernstein Small Cap Growth            --            1.12%              --          1.12%
EQ/AllianceBernstein Value                       --            0.98%           (0.03)%        0.95%
EQ/Ariel Appreciation II                         --            1.51%           (0.36)%        1.15%
EQ/BlackRock Basic Value Equity*                 --            0.94%            0.00%         0.94%
EQ/BlackRock International Value*                --            1.28%           (0.03)%        1.25%
EQ/Boston Advisors Equity Income                 --            1.15%           (0.10)%        1.05%
EQ/Calvert Socially Responsible                  --            1.15%           (0.10)%        1.05%
EQ/Capital Guardian Growth                       --            1.06%           (0.11)%        0.95%
EQ/Capital Guardian International+               --            1.29%           (0.09)%        1.20%
EQ/Capital Guardian Research                     --            1.03%           (0.08)%        0.95%
EQ/Capital Guardian U.S. Equity++                --            1.03%           (0.08)%        0.95%
EQ/Caywood-Scholl High Yield Bond                --            1.03%           (0.03)%        1.00%
EQ/Davis New York Venture                        --            1.84%           (0.54)%        1.30%
EQ/Equity 500 Index                              --            0.63%              --          0.63%
EQ/Evergreen International Bond                  --            1.18%           (0.03)%        1.15%
EQ/Evergreen Omega                               --            1.11%            0.00%         1.11%
EQ/FI Mid Cap                                    --            1.08%           (0.08)%        1.00%
EQ/FI Mid Cap Value+                             --            1.11%           (0.01)%        1.10%
EQ/Franklin Income                               --            1.53%           (0.23)%        1.30%
EQ/Franklin Small Cap Value                      --            3.15%           (1.85)%        1.30%
EQ/Franklin Templeton Founding Strategy**      1.07%           1.58%           (0.11)%        1.47%
EQ/GAMCO Mergers and Acquisitions                --            1.48%           (0.03)%        1.45%
EQ/GAMCO Small Company Value                     --            1.17%            0.00%         1.17%
EQ/International Growth                          --            1.45%            0.00%         1.45%
EQ/Janus Large Cap Growth++                      --            1.30%           (0.15)%        1.15%
EQ/JPMorgan Core Bond                            --            0.84%            0.00%         0.84%
EQ/JPMorgan Value Opportunities                  --            1.01%           (0.06)%        0.95%
EQ/Legg Mason Value Equity                       --            1.12%           (0.12)%        1.00%
EQ/Long Term Bond                                --            0.83%            0.00%         0.83%
EQ/Lord Abbett Growth and Income                 --            1.16%           (0.16)%        1.00%
EQ/Lord Abbett Large Cap Core                    --            1.31%           (0.31)%        1.00%
EQ/Lord Abbett Mid Cap Value                     --            1.13%           (0.08)%        1.05%
- -------------------------------------------------------------------------------------------------------------



                                                                              9






- --------------------------------------------------------------------------------
                                         Manage-                       Other
 Portfolio Name                       ment Fees(2)   12b-1 Fees(3)  Expenses (4)
- --------------------------------------------------------------------------------
                                                                
EQ/Marsico Focus                         0.85%          0.25%          0.13%
EQ/MFS Emerging Growth Companies+        0.65%          0.25%          0.15%
EQ/MFS Investors Trust+                  0.60%          0.25%          0.16%
EQ/Money Market                          0.33%          0.25%          0.14%
EQ/Montag & Caldwell Growth              0.75%          0.25%          0.16%
EQ/Mutual Shares                         0.90%          0.25%          0.50%
EQ/Oppenheimer Global                    0.95%          0.25%          1.30%
EQ/Oppenheimer Main Street Opportunity   0.85%          0.25%          1.58%
EQ/Oppenheimer Main Street Small Cap     0.90%          0.25%          1.48%
EQ/PIMCO Real Return                     0.55%          0.25%          0.18%
EQ/Short Duration Bond                   0.43%          0.25%          0.14%
EQ/Small Cap Value+                      0.73%          0.25%          0.15%
EQ/Small Company Growth+                 1.00%          0.25%          0.17%
EQ/Small Company Index                   0.25%          0.25%          0.16%
EQ/TCW Equity++                          0.80%          0.25%          0.16%
EQ/Templeton Growth                      0.95%          0.25%          0.64%
EQ/UBS Growth and Income                 0.75%          0.25%          0.17%
EQ/Van Kampen Comstock                   0.65%          0.25%          0.19%
EQ/Van Kampen Emerging Markets Equity    1.12%          0.25%          0.40%
EQ/Van Kampen Mid Cap Growth             0.70%          0.25%          0.23%
EQ/Wells Fargo Montgomery Small Cap++    0.85%          0.25%          0.41%
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------
                                         Acquired                                      Net Total
                                        Fund Fees      Total Annual    Fee Waivers      Annual
                                           and           Expenses        and/or        Expenses
                                         Expenses        (Before         Expense        (After
                                       (Underlying       Expense       Reimburse-    Expense Limi-
 Portfolio Name                       Portfolio)(5)    Limitations)     ments(6)       tations)
- --------------------------------------------------------------------------------------------------
                                                                            
EQ/Marsico Focus                           --            1.23%           (0.08)%        1.15%
EQ/MFS Emerging Growth Companies+          --            1.05%              --          1.05%
EQ/MFS Investors Trust+                    --            1.01%           (0.06)%        0.95%
EQ/Money Market                            --            0.72%              --          0.72%
EQ/Montag & Caldwell Growth                --            1.16%           (0.01)%        1.15%
EQ/Mutual Shares                           --            1.65%           (0.35)%        1.30%
EQ/Oppenheimer Global                    0.01%           2.51%           (1.15)%        1.36%
EQ/Oppenheimer Main Street Opportunity     --            2.68%           (1.38)%        1.30%
EQ/Oppenheimer Main Street Small Cap       --            2.63%           (1.33)%        1.30%
EQ/PIMCO Real Return                       --            0.98%           (0.08)%        0.90%
EQ/Short Duration Bond                     --            0.82%            0.00%         0.82%
EQ/Small Cap Value+                        --            1.13%           (0.03)%        1.10%
EQ/Small Company Growth+                   --            1.42%           (0.12)%        1.30%
EQ/Small Company Index                   0.01%           0.67%            0.00%         0.67%
EQ/TCW Equity++                            --            1.21%           (0.06)%        1.15%
EQ/Templeton Growth                        --            1.84%           (0.49)%        1.35%
EQ/UBS Growth and Income                   --            1.17%           (0.12)%        1.05%
EQ/Van Kampen Comstock                     --            1.09%           (0.09)%        1.00%
EQ/Van Kampen Emerging Markets Equity      --            1.77%            0.00%         1.77%
EQ/Van Kampen Mid Cap Growth               --            1.18%           (0.13)%        1.05%
EQ/Wells Fargo Montgomery Small Cap++      --            1.51%           (0.21)%        1.30%
- --------------------------------------------------------------------------------------------------




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Investment options" earlier in this Prospectus for the investment
     option's former name.

**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval.

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned merger of this Portfolio.

Notes:

(1)  "Total Annual Portfolio Operating Expenses" are based, in part, on
     estimated amounts for options added during the fiscal year 2006 and for the
     underlying portfolios.

(2)  The management fees for each Portfolio cannot be increased without a vote
     of that Portfolio's Shareholders. See Footnote (6) for any expense
     limitation agreement information.

(3)  Portfolio shares are all subject to fees imposed under the distribution
     plans (the "Rule 12b-1 Plan") adopted by the Trusts pursuant to Rule 12b-1
     under the Investment Company Act of 1940. For the portfolios of AXA Premier
     VIP Trust and EQ Advisors Trust, the 12b-1 fees will not be increased for
     the life of the contract.

(4)  Other expenses shown are those incurred in 2006. The amounts shown as
     "Other Expenses" will fluctuate from year to year depending on actual
     expenses. See footnote (6) for any expense limitation agreement
     information.

(5)  Each of these variable investment options invest in a corresponding
     portfolio of one of the Trusts or other unaffiliated investment companies.
     Each portfolio, in turn, invests in shares of other portfolios of the
     Trusts and/or shares of unaffiliated portfolios ("the underlying
     portfolios"). Amounts shown reflect each portfolio's pro rata share of the
     fees and expenses of the underlying portfolios in which it invests. The
     fees and expenses are based on the respective weighted investment
     allocations as of 12/31/06. A "--" indicates that the listed portfolio does
     not invest in underlying portfolios.

(6)  The amounts shown reflect any fee waivers and/or expense reimbursements
     that applied to each Portfolio. A "--" indicates that there is no expense
     limitation in effect. "0.00%" indicates that the expense limitation
     arrangement did not result in a fee waiver or reimbursement. AXA Equitable,
     the investment manager of AXA Premier VIP Trust and EQ Advisors Trust, has
     entered into expense limitation agreements with respect to certain
     Portfolios, which are effective through April 30, 2008. Under these
     agreements, AXA Equitable has agreed to waive or limit its fees and assume
     other expenses of certain Portfolios, if necessary, in an amount that
     limits each affected Portfolio's Total Annual Expenses (exclusive of
     interest, taxes, brokerage commissions, capitalized expenditures expenses
     of the underlying portfolios in which the Portfolio invests and
     extraordinary expenses) to not more than specified amounts. Therefore, each
     Portfolio may at a later date make a reimbursement to AXA Equitable for any
     of the management fees waived or limited and other expenses assumed and
     paid by AXA Equitable pursuant to the expense limitation agreements
     provided that the Portfolio's current annual operating expenses do not
     exceed the operating expense limit determined for such Portfolio. See the
     prospectus for each applicable underlying Trust for more information about
     the arrangements. In addition, a portion of the brokerage commissions of
     certain portfolios of AXA Premier VIP Trust and EQ Advisors Trust is used
     to reduce the applicable Portfolio's expenses. If the above table reflected
     both the expense limitation arrangements plus the portion of the brokerage
     commissions used to reduce portfolio expenses, the net expenses would be as
     shown in the table below:



     -------------------------------------------------
       Portfolio Name
     -------------------------------------------------
     Multimanager Aggressive Equity       1.03%
     -------------------------------------------------
     Multimanager Health Care             1.63%
     -------------------------------------------------
     Multimanager International Equity    1.52%
     -------------------------------------------------
     Multimanager Large Cap Core Equity   1.33%
     -------------------------------------------------
     Multimanager Large Cap Growth        1.33%
     -------------------------------------------------
     Multimanager Large Cap Value         1.31%
     -------------------------------------------------
     Multimanager Mid Cap Growth          1.52%
     -------------------------------------------------
     Multimanager Mid Cap Value           1.58%
     -------------------------------------------------


10




     -------------------------------------------------
       Portfolio Name
     -------------------------------------------------
     Multimanager Technology                  1.64%
     -------------------------------------------------
     EQ/AllianceBernstein Common Stock        0.83%
     -------------------------------------------------
     EQ/AllianceBernstein Growth and Income   0.92%
     -------------------------------------------------
     EQ/AllianceBernstein Large Cap Growth    1.03%
     -------------------------------------------------
     EQ/AllianceBernstein Small Cap Growth    1.11%
     -------------------------------------------------
     EQ/AllianceBernstein Value               0.94%
     -------------------------------------------------
     EQ/Ariel Appreciation II                 1.01%
     -------------------------------------------------
     EQ/BlackRock Basic Value Equity          0.93%
     -------------------------------------------------
     EQ/Capital Guardian Growth               0.94%
     -------------------------------------------------
     EQ/Capital Guardian Research             0.94%
     -------------------------------------------------
     EQ/Capital Guardian U.S. Equity          0.94%
     -------------------------------------------------
     EQ/Davis New York Venture                1.27%
     -------------------------------------------------
     EQ/Evergreen Omega                       1.05%
     -------------------------------------------------
     EQ/FI Mid Cap                            0.97%
     -------------------------------------------------
     EQ/FI Mid Cap Value                      1.09%
     -------------------------------------------------
     EQ/GAMCO Mergers and Acquisitions        1.37%
     -------------------------------------------------
     EQ/GAMCO Small Company Value             1.16%
     -------------------------------------------------
     EQ/Janus Large Cap Growth                1.14%
     -------------------------------------------------
     EQ/Legg Mason Value Equity               0.97%
     -------------------------------------------------
     EQ/Lord Abbett Growth and Income         0.99%
     -------------------------------------------------
     EQ/Lord Abbett Large Cap Core            0.99%
     -------------------------------------------------
     EQ/Marsico Focus                         1.14%
     -------------------------------------------------
     EQ/MFS Emerging Growth Companies         1.03%
     -------------------------------------------------
     EQ/MFS Investors Trust                   0.94%
     -------------------------------------------------
     EQ/Montag & Caldwell Growth              1.13%
     -------------------------------------------------
     EQ/Mutual Shares                         1.30%
     -------------------------------------------------
     EQ/Small Cap Value                       1.02%
     -------------------------------------------------
     EQ/UBS Growth and Income                 1.03%
     -------------------------------------------------
     EQ/Van Kampen Comstock                   0.99%
     -------------------------------------------------
     EQ/Van Kampen Emerging Markets Equity    1.75%
     -------------------------------------------------
     EQ/Van Kampen Mid Cap Growth             1.01%
     -------------------------------------------------
     EQ/Wells Fargo Montgomery Small Cap      1.20%
     -------------------------------------------------



EXAMPLE

This example is intended to help you compare the cost of investing in the
contract with the cost of investing in other variable annuity contracts. These
costs include contract owner transaction expenses, contract fees, separate
account annual expenses of 1.55% (actual expenses under your contract may be
less), and underlying trust fees and expenses.

The example below shows the expenses that a hypothetical contract owner (who
has elected the Guaranteed Minimum Income Benefit with either the 6% Roll-Up to
age 80 or the Annual Ratchet to age 80 Guaranteed minimum death benefit and
Protection Plus(SM) would pay in the situations illustrated. The example uses an
average annual administrative charge based on the charges paid in 2006, which
results in an estimated administrative charge of 0.01% of contract value. Some
of these features may not be available or may be different under your contract.
Some of these charges may not be applicable under your contract.


The fixed maturity options and the account for special dollar cost averaging
are not covered by the fee table and example. However, the annual
administrative charge, the charge if you elect a Variable Immediate Annuity
payout option, the charge for any optional benefits and the withdrawal charge
do apply to the fixed maturity options and the account for special dollar cost
averaging. A market value adjustment (up or down) may apply as a result of a
withdrawal, transfer, or surrender of amounts from a fixed maturity option.
Some of these investment options and charges may not be applicable under your
contract.

The example assumes that you invest $10,000 in the contract for the time
periods indicated and that your investment has a 5% return each year. Other
than the administrative charge (which is described immediately above), the
example also assumes maximum contract charges and total annual expenses of the
portfolios (before expense limitations) set forth in the previous charts. This
example should not be considered a representation of past or future expenses
for each option. Actual expenses may be greater or less than those shown.
Similarly, the annual rate of return assumed in the example is not an estimate
or guarantee of future investment performance. Although your actual costs may
be higher or lower, based on these assumptions, your costs would be:

                                                                              11






- ----------------------------------------------------------------------------------------------------------
                                                       If you surrender your contract at the end
                                                             of the applicable time period
                                              ------------------------------------------------------------

              Portfolio Name                    1 year        3 years        5 years        10 years
- ----------------------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------------------
                                                                               
AXA Aggressive Allocation                     $ 1,066.00     $ 1,618.00     $ 2,194.00     $ 3,949.00
AXA Conservative Allocation                   $ 1,045.00     $ 1,556.00     $ 2,093.00     $ 3,759.00
AXA Conservative-Plus Allocation              $ 1,047.00     $ 1,559.00     $ 2,098.00     $ 3,768.00
AXA Moderate Allocation                       $ 1,052.00     $ 1,574.00     $ 2,123.00     $ 3,816.00
AXA Moderate-Plus Allocation                  $ 1,059.00     $ 1,596.00     $ 2,158.00     $ 3,883.00
Multimanager Aggressive Equity *              $ 1,026.00     $ 1,497.00     $ 1,996.00     $ 3,574.00
Multimanager Core Bond*                       $ 1,022.00     $ 1,487.00     $ 1,981.00     $ 3,544.00
Multimanager Health Care*                     $ 1,092.00     $ 1,691.00     $ 2,314.00     $ 4,172.00
Multimanager High Yield*                      $ 1,021.00     $ 1,484.00     $ 1,975.00     $ 3,535.00
Multimanager International Equity*            $ 1,076.00     $ 1,645.00     $ 2,239.00     $ 4,033.00
Multimanager Large Cap Core Equity*           $ 1,057.00     $ 1,590.00     $ 2,148.00     $ 3,864.00
Multimanager Large Cap Growth*                $ 1,059.00     $ 1,596.00     $ 2,158.00     $ 3,883.00
Multimanager Large Cap Value*                 $ 1,057.00     $ 1,590.00     $ 2,148.00     $ 3,864.00
Multimanager Mid Cap Growth*                  $ 1,079.00     $ 1,655.00     $ 2,254.00     $ 4,061.00
Multimanager Mid Cap Value*                   $ 1,082.00     $ 1,664.00     $ 2,269.00     $ 4,089.00
Multimanager Technology *                     $ 1,092.00     $ 1,691.00     $ 2,314.00     $ 4,172.00
- ----------------------------------------------------------------------------------------------------------

EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,005.00     $ 1,434.00     $ 1,893.00     $ 3,376.00
EQ/AllianceBernstein Growth and Income++      $ 1,013.00     $ 1,459.00     $ 1,934.00     $ 3,455.00
EQ/AllianceBernstein Intermediate Government
Securities                                    $ 1,009.00     $ 1,447.00     $ 1,914.00     $ 3,416.00
EQ/AllianceBernstein International            $ 1,037.00     $ 1,531.00     $ 2,052.00     $ 3,681.00
EQ/AllianceBernstein Large Cap Growth         $ 1,048.00     $ 1,562.00     $ 2,103.00     $ 3,778.00
EQ/AllianceBernstein Quality Bond             $ 1,009.00     $ 1,447.00     $ 1,914.00     $ 3,416.00
EQ/AllianceBernstein Small Cap Growth         $ 1,033.00     $ 1,519.00     $ 2,032.00     $ 3,642.00
EQ/AllianceBernstein Value                    $ 1,018.00     $ 1,475.00     $ 1,960.00     $ 3,505.00
EQ/Ariel Appreciation II                      $ 1,074.00     $ 1,639.00     $ 2,229.00     $ 4,015.00
EQ/BlackRock Basic Value Equity*              $ 1,014.00     $ 1,462.00     $ 1,940.00     $ 3,465.00
EQ/BlackRock International Value*             $ 1,050.00     $ 1,568.00     $ 2,113.00     $ 3,797.00
EQ/Boston Advisors Equity Income              $ 1,036.00     $ 1,528.00     $ 2,047.00     $ 3,672.00
EQ/Calvert Socially Responsible               $ 1,036.00     $ 1,528.00     $ 2,047.00     $ 3,672.00
EQ/Capital Guardian Growth                    $ 1,027.00     $ 1,500.00     $ 2,001.00     $ 3,584.00
EQ/Capital Guardian International+            $ 1,051.00     $ 1,571.00     $ 2,118.00     $ 3,807.00
EQ/Capital Guardian Research                  $ 1,023.00     $ 1,491.00     $ 1,986.00     $ 3,554.00
EQ/Capital Guardian U.S. Equity++             $ 1,023.00     $ 1,491.00     $ 1,986.00     $ 3,554.00
EQ/Caywood-Scholl High Yield Bond             $ 1,023.00     $ 1,491.00     $ 1,986.00     $ 3,554.00
EQ/Davis New York Venture                     $ 1,108.00     $ 1,740.00     $ 2,393.00     $ 4,318.00
EQ/Equity 500 Index                           $   981.00     $ 1,365.00     $ 1,779.00     $ 3,153.00
- ----------------------------------------------------------------------------------------------------------


- ---------------------------------------------------------------------------------------------------------------------------------
                                                           If you annuitize at the end                 If you do not surrender
                                               of the applicable time period and select a non-life    your contract at the end
                                                contingent period certain annuity option with less     of the applicable time
                                                                 than five years                               period
                                              -----------------------------------------------------------------------------------
                 Portfolio Name               1 year      3 years        5 years        10 years       1 year       3 years
- ---------------------------------------------------------------------------------------------------------------------------------
AXA PREMIER VIP TRUST:
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                                
AXA Aggressive Allocation                       N/A     $ 1,618.00     $ 2,194.00     $ 3,949.00     $ 366.00     $ 1,118.00
AXA Conservative Allocation                     N/A     $ 1,556.00     $ 2,093.00     $ 3,759.00     $ 345.00     $ 1,056.00
AXA Conservative-Plus Allocation                N/A     $ 1,559.00     $ 2,098.00     $ 3,768.00     $ 347.00     $ 1,059.00
AXA Moderate Allocation                         N/A     $ 1,574.00     $ 2,123.00     $ 3,816.00     $ 352.00     $ 1,074.00
AXA Moderate-Plus Allocation                    N/A     $ 1,596.00     $ 2,158.00     $ 3,883.00     $ 359.00     $ 1,096.00
Multimanager Aggressive Equity *                N/A     $ 1,497.00     $ 1,996.00     $ 3,574.00     $ 326.00     $   997.00
Multimanager Core Bond*                         N/A     $ 1,487.00     $ 1,981.00     $ 3,544.00     $ 322.00     $   987.00
Multimanager Health Care*                       N/A     $ 1,691.00     $ 2,314.00     $ 4,172.00     $ 392.00     $ 1,191.00
Multimanager High Yield*                        N/A     $ 1,484.00     $ 1,975.00     $ 3,535.00     $ 321.00     $   984.00
Multimanager International Equity*              N/A     $ 1,645.00     $ 2,239.00     $ 4,033.00     $ 376.00     $ 1,145.00
Multimanager Large Cap Core Equity*             N/A     $ 1,590.00     $ 2,148.00     $ 3,864.00     $ 357.00     $ 1,090.00
Multimanager Large Cap Growth*                  N/A     $ 1,596.00     $ 2,158.00     $ 3,883.00     $ 359.00     $ 1,096.00
Multimanager Large Cap Value*                   N/A     $ 1,590.00     $ 2,148.00     $ 3,864.00     $ 357.00     $ 1,090.00
Multimanager Mid Cap Growth*                    N/A     $ 1,655.00     $ 2,254.00     $ 4,061.00     $ 379.00     $ 1,155.00
Multimanager Mid Cap Value*                     N/A     $ 1,664.00     $ 2,269.00     $ 4,089.00     $ 382.00     $ 1,164.00
Multimanager Technology *                       N/A     $ 1,691.00     $ 2,314.00     $ 4,172.00     $ 392.00     $ 1,191.00
- ---------------------------------------------------------------------------------------------------------------------------------

EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock               N/A     $ 1,434.00     $ 1,893.00     $ 3,376.00     $ 304.00     $   934.00
EQ/AllianceBernstein Growth and Income++        N/A     $ 1,459.00     $ 1,934.00     $ 3,455.00     $ 313.00     $   959.00
EQ/AllianceBernstein Intermediate Government
Securities                                      N/A     $ 1,447.00     $ 1,914.00     $ 3,416.00     $ 309.00     $   947.00
EQ/AllianceBernstein International              N/A     $ 1,531.00     $ 2,052.00     $ 3,681.00     $ 337.00     $ 1,031.00
EQ/AllianceBernstein Large Cap Growth           N/A     $ 1,562.00     $ 2,103.00     $ 3,778.00     $ 348.00     $ 1,062.00
EQ/AllianceBernstein Quality Bond               N/A     $ 1,447.00     $ 1,914.00     $ 3,416.00     $ 309.00     $   947.00
EQ/AllianceBernstein Small Cap Growth           N/A     $ 1,519.00     $ 2,032.00     $ 3,642.00     $ 333.00     $ 1,019.00
EQ/AllianceBernstein Value                      N/A     $ 1,475.00     $ 1,960.00     $ 3,505.00     $ 318.00     $   975.00
EQ/Ariel Appreciation II                        N/A     $ 1,639.00     $ 2,229.00     $ 4,015.00     $ 374.00     $ 1,139.00
EQ/BlackRock Basic Value Equity*                N/A     $ 1,462.00     $ 1,940.00     $ 3,465.00     $ 314.00     $   962.00
EQ/BlackRock International Value*               N/A     $ 1,568.00     $ 2,113.00     $ 3,797.00     $ 350.00     $ 1,068.00
EQ/Boston Advisors Equity Income                N/A     $ 1,528.00     $ 2,047.00     $ 3,672.00     $ 336.00     $ 1,028.00
EQ/Calvert Socially Responsible                 N/A     $ 1,528.00     $ 2,047.00     $ 3,672.00     $ 336.00     $ 1,028.00
EQ/Capital Guardian Growth                      N/A     $ 1,500.00     $ 2,001.00     $ 3,584.00     $ 327.00     $ 1,000.00
EQ/Capital Guardian International+              N/A     $ 1,571.00     $ 2,118.00     $ 3,807.00     $ 351.00     $ 1,071.00
EQ/Capital Guardian Research                    N/A     $ 1,491.00     $ 1,986.00     $ 3,554.00     $ 323.00     $   991.00
EQ/Capital Guardian U.S. Equity++               N/A     $ 1,491.00     $ 1,986.00     $ 3,554.00     $ 323.00     $   991.00
EQ/Caywood-Scholl High Yield Bond               N/A     $ 1,491.00     $ 1,986.00     $ 3,554.00     $ 323.00     $   991.00
EQ/Davis New York Venture                       N/A     $ 1,740.00     $ 2,393.00     $ 4,318.00     $ 408.00     $ 1,240.00
EQ/Equity 500 Index                             N/A     $ 1,365.00     $ 1,779.00     $ 3,153.00     $ 281.00     $   865.00
- ---------------------------------------------------------------------------------------------------------------------------------


- ---------------------------------------------------------------------------
                                               If you do not surrender your
                                                   contract at the end
                                              of the applicable time period
                                              -----------------------------
                 Portfolio Name                 5 years        10 years
- ---------------------------------------------------------------------------
AXA PREMIER VIP TRUST:
- ---------------------------------------------------------------------------
                                                       
AXA Aggressive Allocation                     $ 1,894.00     $ 3,949.00
AXA Conservative Allocation                   $ 1,793.00     $ 3,759.00
AXA Conservative-Plus Allocation              $ 1,798.00     $ 3,768.00
AXA Moderate Allocation                       $ 1,823.00     $ 3,816.00
AXA Moderate-Plus Allocation                  $ 1,858.00     $ 3,883.00
Multimanager Aggressive Equity *              $ 1,696.00     $ 3,574.00
Multimanager Core Bond*                       $ 1,681.00     $ 3,544.00
Multimanager Health Care*                     $ 2,014.00     $ 4,172.00
Multimanager High Yield*                      $ 1,675.00     $ 3,535.00
Multimanager International Equity*            $ 1,939.00     $ 4,033.00
Multimanager Large Cap Core Equity*           $ 1,848.00     $ 3,864.00
Multimanager Large Cap Growth*                $ 1,858.00     $ 3,883.00
Multimanager Large Cap Value*                 $ 1,848.00     $ 3,864.00
Multimanager Mid Cap Growth*                  $ 1,954.00     $ 4,061.00
Multimanager Mid Cap Value*                   $ 1,969.00     $ 4,089.00
Multimanager Technology *                     $ 2,014.00     $ 4,172.00
- ---------------------------------------------------------------------------
EQ ADVISORS TRUST:
- ---------------------------------------------------------------------------
EQ/AllianceBernstein Common Stock             $ 1,593.00     $ 3,376.00
EQ/AllianceBernstein Growth and Income++      $ 1,634.00     $ 3,455.00
EQ/AllianceBernstein Intermediate Government
 Securities                                   $ 1,614.00     $ 3,416.00
EQ/AllianceBernstein International            $ 1,752.00     $ 3,681.00
EQ/AllianceBernstein Large Cap Growth         $ 1,803.00     $ 3,778.00
EQ/AllianceBernstein Quality Bond             $ 1,614.00     $ 3,416.00
EQ/AllianceBernstein Small Cap Growth         $ 1,732.00     $ 3,642.00
EQ/AllianceBernstein Value                    $ 1,660.00     $ 3,505.00
EQ/Ariel Appreciation II                      $ 1,929.00     $ 4,015.00
EQ/BlackRock Basic Value Equity*              $ 1,640.00     $ 3,465.00
EQ/BlackRock International Value*             $ 1,813.00     $ 3,797.00
EQ/Boston Advisors Equity Income              $ 1,747.00     $ 3,672.00
EQ/Calvert Socially Responsible               $ 1,747.00     $ 3,672.00
EQ/Capital Guardian Growth                    $ 1,701.00     $ 3,584.00
EQ/Capital Guardian International+            $ 1,818.00     $ 3,807.00
EQ/Capital Guardian Research                  $ 1,686.00     $ 3,554.00
EQ/Capital Guardian U.S. Equity++             $ 1,686.00     $ 3,554.00
EQ/Caywood-Scholl High Yield Bond             $ 1,686.00     $ 3,554.00
EQ/Davis New York Venture                     $ 2,093.00     $ 4,318.00
EQ/Equity 500 Index                           $ 1,479.00     $ 3,153.00
- ---------------------------------------------------------------------------



12






- --------------------------------------------------------------------------------------------------------
                                                     If you surrender your contract at the end
                                                           of the applicable time period
                                            ------------------------------------------------------------
                Portfolio Name                1 year        3 years        5 years        10 years
- --------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------------------
                                                                             
EQ/Evergreen International Bond             $ 1,039.00     $ 1,537.00     $ 2,062.00     $ 3,701.00
EQ/Evergreen Omega                          $ 1,032.00     $ 1,515.00     $ 2,027.00     $ 3,633.00
EQ/FI Mid Cap                               $ 1,029.00     $ 1,506.00     $ 2,011.00     $ 3,603.00
EQ/FI Mid Cap Value+                        $ 1,032.00     $ 1,515.00     $ 2,027.00     $ 3,633.00
EQ/Franklin Income                          $ 1,076.00     $ 1,645.00     $ 2,239.00     $ 4,033.00
EQ/Franklin Small Cap Value                 $ 1,246.00     $ 2,136.00     $ 3,022.00     $ 5,425.00
EQ/Franklin Templeton Founding Strategy**   $ 1,081.00     $ 1,661.00     $ 2,264.00     $ 4,080.00
EQ/GAMCO Mergers and Acquisitions           $ 1,071.00     $ 1,630.00     $ 2,214.00     $ 3,987.00
EQ/GAMCO Small Company Value                $ 1,038.00     $ 1,534.00     $ 2,057.00     $ 3,691.00
EQ/International Growth                     $ 1,068.00     $ 1,621.00     $ 2,199.00     $ 3,958.00
EQ/Janus Large Cap Growth++                 $ 1,052.00     $ 1,574.00     $ 2,123.00     $ 3,816.00
EQ/JPMorgan Core Bond                       $ 1,003.00     $ 1,431.00     $ 1,888.00     $ 3,366.00
EQ/JPMorgan Value Opportunities             $ 1,021.00     $ 1,484.00     $ 1,975.00     $ 3,535.00
EQ/Legg Mason Value Equity                  $ 1,033.00     $ 1,519.00     $ 2,032.00     $ 3,642.00
EQ/Long Term Bond                           $ 1,002.00     $ 1,428.00     $ 1,883.00     $ 3,356.00
EQ/Lord Abbett Growth and Income            $ 1,037.00     $ 1,531.00     $ 2,052.00     $ 3,681.00
EQ/Lord Abbett Large Cap Core               $ 1,053.00     $ 1,577.00     $ 2,128.00     $ 3,826.00
EQ/Lord Abbett Mid Cap Value                $ 1,034.00     $ 1,522.00     $ 2,037.00     $ 3,652.00
EQ/Marsico Focus                            $ 1,044.00     $ 1,553.00     $ 2,088.00     $ 3,749.00
EQ/MFS Emerging Growth Companies+           $ 1,026.00     $ 1,497.00     $ 1,996.00     $ 3,574.00
EQ/MFS Investors Trust+                     $ 1,021.00     $ 1,484.00     $ 1,975.00     $ 3,535.00
EQ/Money Market                             $   991.00     $ 1,394.00     $ 1,826.00     $ 3,245.00
EQ/Montag & Caldwell Growth                 $ 1,037.00     $ 1,531.00     $ 2,052.00     $ 3,681.00
EQ/Mutual Shares                            $ 1,089.00     $ 1,682.00     $ 2,299.00     $ 4,145.00
EQ/Oppenheimer Global                       $ 1,179.00     $ 1,944.00     $ 2,719.00     $ 4,903.00
EQ/Oppenheimer Main Street Opportunity      $ 1,197.00     $ 1,995.00     $ 2,801.00     $ 5,045.00
EQ/Oppenheimer Main Street Small Cap        $ 1,191.00     $ 1,980.00     $ 2,777.00     $ 5,004.00
EQ/PIMCO Real Return                        $ 1,018.00     $ 1,475.00     $ 1,960.00     $ 3,505.00
EQ/Short Duration Bond                      $ 1,001.00     $ 1,425.00     $ 1,878.00     $ 3,346.00
EQ/Small Cap Value+                         $ 1,034.00     $ 1,522.00     $ 2,037.00     $ 3,652.00
EQ/Small Company Growth+                    $ 1,064.00     $ 1,611.00     $ 2,184.00     $ 3,930.00
EQ/Small Company Index                      $   986.00     $ 1,378.00     $ 1,800.00     $ 3,194.00
EQ/TCW Equity++                             $ 1,042.00     $ 1,546.00     $ 2,078.00     $ 3,730.00
EQ/Templeton Growth                         $ 1,108.00     $ 1,740.00     $ 2,393.00     $ 4,318.00
EQ/UBS Growth and Income                    $ 1,038.00     $ 1,534.00     $ 2,057.00     $ 3,691.00
EQ/Van Kampen Comstock                      $ 1,030.00     $ 1,509.00     $ 2,016.00     $ 3,613.00
EQ/Van Kampen Emerging Markets Equity       $ 1,101.00     $ 1,719.00     $ 2,358.00     $ 4,255.00
EQ/Van Kampen Mid Cap Growth                $ 1,039.00     $ 1,537.00     $ 2,062.00     $ 3,701.00
EQ/Wells Fargo Montgomery Small Cap++       $ 1,074.00     $ 1,639.00     $ 2,229.00     $ 4,015.00
- --------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------------
                                                         If you annuitize at the end                 If you do not surrender
                                             of the applicable time period and select a non-life    your contract at the end
                                              contingent period certain annuity option with less     of the applicable time
                                                               than five years                               period
                                            -----------------------------------------------------------------------------------
                Portfolio Name              1 year      3 years        5 years        10 years      1 year       3 years
- -------------------------------------------------------------------------------------------------------------------------------
EQ ADVISORS TRUST:
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                              
EQ/Evergreen International Bond               N/A     $ 1,537.00     $ 2,062.00     $ 3,701.00     $ 339.00     $ 1,037.00
EQ/Evergreen Omega                            N/A     $ 1,515.00     $ 2,027.00     $ 3,633.00     $ 332.00     $ 1,015.00
EQ/FI Mid Cap                                 N/A     $ 1,506.00     $ 2,011.00     $ 3,603.00     $ 329.00     $ 1,006.00
EQ/FI Mid Cap Value+                          N/A     $ 1,515.00     $ 2,027.00     $ 3,633.00     $ 332.00     $ 1,015.00
EQ/Franklin Income                            N/A     $ 1,645.00     $ 2,239.00     $ 4,033.00     $ 376.00     $ 1,145.00
EQ/Franklin Small Cap Value                   N/A     $ 2,136.00     $ 3,022.00     $ 5,425.00     $ 546.00     $ 1,636.00
EQ/Franklin Templeton Founding Strategy**     N/A     $ 1,661.00     $ 2,264.00     $ 4,080.00     $ 381.00     $ 1,161.00
EQ/GAMCO Mergers and Acquisitions             N/A     $ 1,630.00     $ 2,214.00     $ 3,987.00     $ 371.00     $ 1,130.00
EQ/GAMCO Small Company Value                  N/A     $ 1,534.00     $ 2,057.00     $ 3,691.00     $ 338.00     $ 1,034.00
EQ/International Growth                       N/A     $ 1,621.00     $ 2,199.00     $ 3,958.00     $ 368.00     $ 1,121.00
EQ/Janus Large Cap Growth++                   N/A     $ 1,574.00     $ 2,123.00     $ 3,816.00     $ 352.00     $ 1,074.00
EQ/JPMorgan Core Bond                         N/A     $ 1,431.00     $ 1,888.00     $ 3,366.00     $ 303.00     $   931.00
EQ/JPMorgan Value Opportunities               N/A     $ 1,484.00     $ 1,975.00     $ 3,535.00     $ 321.00     $   984.00
EQ/Legg Mason Value Equity                    N/A     $ 1,519.00     $ 2,032.00     $ 3,642.00     $ 333.00     $ 1,019.00
EQ/Long Term Bond                             N/A     $ 1,428.00     $ 1,883.00     $ 3,356.00     $ 302.00     $   928.00
EQ/Lord Abbett Growth and Income              N/A     $ 1,531.00     $ 2,052.00     $ 3,681.00     $ 337.00     $ 1,031.00
EQ/Lord Abbett Large Cap Core                 N/A     $ 1,577.00     $ 2,128.00     $ 3,826.00     $ 353.00     $ 1,077.00
EQ/Lord Abbett Mid Cap Value                  N/A     $ 1,522.00     $ 2,037.00     $ 3,652.00     $ 334.00     $ 1,022.00
EQ/Marsico Focus                              N/A     $ 1,553.00     $ 2,088.00     $ 3,749.00     $ 344.00     $ 1,053.00
EQ/MFS Emerging Growth Companies+             N/A     $ 1,497.00     $ 1,996.00     $ 3,574.00     $ 326.00     $   997.00
EQ/MFS Investors Trust+                       N/A     $ 1,484.00     $ 1,975.00     $ 3,535.00     $ 321.00     $   984.00
EQ/Money Market                               N/A     $ 1,394.00     $ 1,826.00     $ 3,245.00     $ 291.00     $   894.00
EQ/Montag & Caldwell Growth                   N/A     $ 1,531.00     $ 2,052.00     $ 3,681.00     $ 337.00     $ 1,031.00
EQ/Mutual Shares                              N/A     $ 1,682.00     $ 2,299.00     $ 4,145.00     $ 389.00     $ 1,182.00
EQ/Oppenheimer Global                         N/A     $ 1,944.00     $ 2,719.00     $ 4,903.00     $ 479.00     $ 1,444.00
EQ/Oppenheimer Main Street Opportunity        N/A     $ 1,995.00     $ 2,801.00     $ 5,045.00     $ 497.00     $ 1,495.00
EQ/Oppenheimer Main Street Small Cap          N/A     $ 1,980.00     $ 2,777.00     $ 5,004.00     $ 491.00     $ 1,480.00
EQ/PIMCO Real Return                          N/A     $ 1,475.00     $ 1,960.00     $ 3,505.00     $ 318.00     $   975.00
EQ/Short Duration Bond                        N/A     $ 1,425.00     $ 1,878.00     $ 3,346.00     $ 301.00     $   925.00
EQ/Small Cap Value+                           N/A     $ 1,522.00     $ 2,037.00     $ 3,652.00     $ 334.00     $ 1,022.00
EQ/Small Company Growth+                      N/A     $ 1,611.00     $ 2,184.00     $ 3,930.00     $ 364.00     $ 1,111.00
EQ/Small Company Index                        N/A     $ 1,378.00     $ 1,800.00     $ 3,194.00     $ 286.00     $   878.00
EQ/TCW Equity++                               N/A     $ 1,546.00     $ 2,078.00     $ 3,730.00     $ 342.00     $ 1,046.00
EQ/Templeton Growth                           N/A     $ 1,740.00     $ 2,393.00     $ 4,318.00     $ 408.00     $ 1,240.00
EQ/UBS Growth and Income                      N/A     $ 1,534.00     $ 2,057.00     $ 3,691.00     $ 338.00     $ 1,034.00
EQ/Van Kampen Comstock                        N/A     $ 1,509.00     $ 2,016.00     $ 3,613.00     $ 330.00     $ 1,009.00
EQ/Van Kampen Emerging Markets Equity         N/A     $ 1,719.00     $ 2,358.00     $ 4,255.00     $ 401.00     $ 1,219.00
EQ/Van Kampen Mid Cap Growth                  N/A     $ 1,537.00     $ 2,062.00     $ 3,701.00     $ 339.00     $ 1,037.00
EQ/Wells Fargo Montgomery Small Cap++         N/A     $ 1,639.00     $ 2,229.00     $ 4,015.00     $ 374.00     $ 1,139.00
- -------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------
                                             If you do not surrender your
                                                  contract at the end
                                            of the applicable time period
                                            ------------------------------
                Portfolio Name               5 years        10 years
- --------------------------------------------------------------------------
EQ ADVISORS TRUST:
- --------------------------------------------------------------------------
                                                     
EQ/Evergreen International Bond             $ 1,762.00     $ 3,701.00
EQ/Evergreen Omega                          $ 1,727.00     $ 3,633.00
EQ/FI Mid Cap                               $ 1,711.00     $ 3,603.00
EQ/FI Mid Cap Value+                        $ 1,727.00     $ 3,633.00
EQ/Franklin Income                          $ 1,939.00     $ 4,033.00
EQ/Franklin Small Cap Value                 $ 2,722.00     $ 5,425.00
EQ/Franklin Templeton Founding Strategy**   $ 1,964.00     $ 4,080.00
EQ/GAMCO Mergers and Acquisitions           $ 1,914.00     $ 3,987.00
EQ/GAMCO Small Company Value                $ 1,757.00     $ 3,691.00
EQ/International Growth                     $ 1,899.00     $ 3,958.00
EQ/Janus Large Cap Growth++                 $ 1,823.00     $ 3,816.00
EQ/JPMorgan Core Bond                       $ 1,588.00     $ 3,366.00
EQ/JPMorgan Value Opportunities             $ 1,675.00     $ 3,535.00
EQ/Legg Mason Value Equity                  $ 1,732.00     $ 3,642.00
EQ/Long Term Bond                           $ 1,583.00     $ 3,356.00
EQ/Lord Abbett Growth and Income            $ 1,752.00     $ 3,681.00
EQ/Lord Abbett Large Cap Core               $ 1,828.00     $ 3,826.00
EQ/Lord Abbett Mid Cap Value                $ 1,737.00     $ 3,652.00
EQ/Marsico Focus                            $ 1,788.00     $ 3,749.00
EQ/MFS Emerging Growth Companies+           $ 1,696.00     $ 3,574.00
EQ/MFS Investors Trust+                     $ 1,675.00     $ 3,535.00
EQ/Money Market                             $ 1,526.00     $ 3,245.00
EQ/Montag & Caldwell Growth                 $ 1,752.00     $ 3,681.00
EQ/Mutual Shares                            $ 1,999.00     $ 4,145.00
EQ/Oppenheimer Global                       $ 2,419.00     $ 4,903.00
EQ/Oppenheimer Main Street Opportunity      $ 2,501.00     $ 5,045.00
EQ/Oppenheimer Main Street Small Cap        $ 2,477.00     $ 5,004.00
EQ/PIMCO Real Return                        $ 1,660.00     $ 3,505.00
EQ/Short Duration Bond                      $ 1,578.00     $ 3,346.00
EQ/Small Cap Value+                         $ 1,737.00     $ 3,652.00
EQ/Small Company Growth+                    $ 1,884.00     $ 3,930.00
EQ/Small Company Index                      $ 1,500.00     $ 3,194.00
EQ/TCW Equity++                             $ 1,778.00     $ 3,730.00
EQ/Templeton Growth                         $ 2,093.00     $ 4,318.00
EQ/UBS Growth and Income                    $ 1,757.00     $ 3,691.00
EQ/Van Kampen Comstock                      $ 1,716.00     $ 3,613.00
EQ/Van Kampen Emerging Markets Equity       $ 2,058.00     $ 4,255.00
EQ/Van Kampen Mid Cap Growth                $ 1,762.00     $ 3,701.00
EQ/Wells Fargo Montgomery Small Cap++       $ 1,929.00     $ 4,015.00




*    This is the investment option's new name effective on or about May 29,
     2007, subject to regulatory approval. Please see "Portfolios of the Trusts"
     in "Investment options" earlier in this Prospectus for the investment
     option's former name.


                                                                              13




**   This investment option will be available on or about May 29, 2007, subject
     to regulatory approval. **

+    This investment option's name, investment objective and sub-adviser will
     change on or about May 29, 2007, subject to regulatory approval. See the
     supplement included with this Prospectus for more information.

++   Please see the supplement included with this Prospectus regarding the
     planned merger of this Portfolio.

For information on how your contract works under certain hypothetical
circumstances, please see item (14) at the end of this Prospectus.


14



(4) IMPORTANT INFORMATION ABOUT YOUR GUARANTEED BENEFITS


For purposes of calculating any applicable guaranteed minimum death benefit or
guaranteed minimum income benefit (if elected) that rolls-up at a specified
rate, the EQ/Short Duration Bond joins EQ/Money Market, EQ/AllianceBernstein
Intermediate Government Securities, and the Fixed Maturity Options (FMOs) as
investment options for which the benefit base rolls up at 3%. In some early
Accumulator(R) Series, this group of funds rolls up at 4% and certain
additional variable investment options roll up at 3%. All other investment
options continue to roll up at 5% or, as provided by your Accumulator(R) Series
contract, 6%. For more information about these benefits, please see "Contract
features and benefits" in your Prospectus or your contract, or consult with
your financial professional.


(5) TAX INFORMATION

HOW YOU CAN MAKE CONTRIBUTIONS


o    Regular contributions to traditional IRAs and Roth IRAs are limited to
     $4,000 for the calendar year 2007 and $5,000 for the calendar year 2008.

o    Additional catch-up contributions of up to $1,000 can be made where the
     owner is at least age 50 at any time during the calendar year for which the
     contribution is made.

o    Rollovers can be made to a Roth IRA from a "designated Roth contribution
     account" under a 401(k) plan or 403(b) arrangement which permits designated
     Roth elective deferral contributions to be made.

o    Beginning in 2007, a non-spousal death beneficiary may also be able to make
     rollover contributions to an individual retirement plan under certain
     circumstances.

o    Certain distributions from IRAs in 2007 directly transferred to charitable
     organizations may be tax-free to IRA owners who are 70-1/2 or older.


REQUIRED MINIMUM DISTRIBUTIONS

Beginning in 2006, certain provisions of the Treasury Regulations require that
the actuarial present value of additional annuity contract benefits must be
added to the dollar amount credited for purposes of calculating certain types
of required minimum distributions from qualified plans and TSAs funded by
annuity contracts and from individual retirement annuity contracts. For this
purpose additional annuity contract benefits may include, but are not limited
to, guaranteed minimum income benefits and enhanced death benefits. This could
increase the amount required to be distributed from these contracts if you take
annual withdrawals instead of annuitizing.

(6) UPDATED INFORMATION ON AXA EQUITABLE

We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.

(7) MANAGING YOUR ALLOCATIONS

The contract is between you and AXA Equitable. The contract is not an
investment advisory account, and AXA Equitable is not providing any investment
advice or managing the allocations under your contract. In the absence of a
specific written arrangement to the contrary, you, as the owner of the
contract, have the sole authority to make investment allocations and other
decisions under the contract. If your financial professional is with AXA
Advisors, he or she is acting as a broker-dealer registered representative, and
is not authorized to act as an investment advisor or to manage the allocations
under your contract. If your financial professional is a registered
representative with a broker-dealer other than AXA Advisors, you should speak
with him/her regarding any different arrangements that may apply.

(8) DISRUPTIVE TRANSFER ACTIVITY


You should note that the contract is not designed for professional "market
timing" organizations, or other organizations or individuals engaging in a
market timing strategy. The contract is not designed to accommodate programmed
transfers, frequent transfers or transfers that are large in relation to the
total assets of the underlying portfolio.

                                                                              15



Frequent transfers, including market timing and other program trading or
short-term trading strategies, may be disruptive to the underlying portfolios
in which the variable investment options invest. Disruptive transfer activity
may adversely affect performance and the interests of long-term investors by
requiring a portfolio to maintain larger amounts of cash or to liquidate
portfolio holdings at a disadvantageous time or price. For example, when market
timing occurs, a portfolio may have to sell its holdings to have the cash
necessary to redeem the market timer's investment. This can happen when it is
not advantageous to sell any securities, so the portfolio's performance may be
hurt. When large dollar amounts are involved, market timing can also make it
difficult to use long-term investment strategies because a portfolio cannot
predict how much cash it will have to invest. In addition, disruptive transfers
or purchases and redemptions of portfolio investments may impede efficient
portfolio management and impose increased transaction costs, such as brokerage
costs, by requiring the portfolio manager to effect more frequent purchases and
sales of portfolio securities. Similarly, a portfolio may bear increased
administrative costs as a result of the asset level and investment volatility
that accompanies patterns of excessive or short-term trading. Portfolios that
invest a significant portion of their assets in foreign securities or the
securities of small- and mid-capitalization companies tend to be subject to the
risks associated with market timing and short-term trading strategies to a
greater extent than portfolios that do not. Securities trading in overseas
markets present time zone arbitrage opportunities when events affecting
portfolio securities values occur after the close of the overseas market but
prior to the close of the U.S. markets. Securities of small- and
mid-capitalization companies present arbitrage opportunities because the market
for such securities may be less liquid than the market for securities of larger
companies, which could result in pricing inefficiencies. Please see the
prospectuses for the underlying portfolios for more information on how
portfolio shares are priced.

We currently use the procedures described below to discourage disruptive
transfer activity. You should understand, however, that these procedures are
subject to the following limitations: (1) they primarily rely on the policies
and procedures implemented by the underlying portfolios; (2) they do not
eliminate the possibility that disruptive transfer activity, including market
timing, will occur or that portfolio performance will be affected by such
activity; and (3) the design of market timing procedures involves inherently
subjective judgments, which we seek to make in a fair and reasonable manner
consistent with the interests of all contract owners.

We offer investment options with underlying portfolios that are part of AXA
Premier VIP Trust and EQ Advisors Trust (the "trusts"). The trusts have adopted
policies and procedures regarding disruptive transfer activity. They discourage
frequent purchases and redemptions of portfolio shares and will not make
special arrangements to accommodate such transactions. They aggregate inflows
and outflows for each portfolio on a daily basis. On any day when a portfolio's
net inflows or outflows exceed an established monitoring threshold, the trust
obtains from us contract owner trading activity. The trusts currently consider
transfers into and out of (or vice versa) the same variable investment option
within a five business day period as potentially disruptive transfer activity.
In most cases, each trust reserves the right to reject a transfer that it
believes, in its sole discretion, is disruptive (or potentially disruptive) to
the management of one of its portfolios. Please see the prospectuses for the
trusts for more information.

When a contract owner is identified as having engaged in a potentially
disruptive transfer under the contract for the first time, a letter is sent to
the contract owner explaining that there is a policy against disruptive
transfer activity and that if such activity continues certain transfer
privileges may be eliminated. If and when the contract owner is identified a
second time as engaged in potentially disruptive transfer activity under the
contract, we currently prohibit the use of voice, fax and automated transaction
services. We currently apply such action for the remaining life of each
affected contract. We or a trust may change the definition of potentially
disruptive transfer activity, the monitoring procedures and thresholds, any
notification procedures, and the procedures to restrict this activity. Any new
or revised policies and procedures will apply to all contract owners uniformly.
We do not permit exceptions to our policies restricting disruptive transfer
activity.

It is possible that a trust may impose a redemption fee designed to discourage
frequent or disruptive trading by contract owners. As of the date of this
Prospectus, neither trust had implemented such a fee. If a redemption fee is
implemented by a trust, that fee, like any other trust fee, will be borne by
the contract owner.

Contract owners should note that it is not always possible for us and the
underlying trusts to identify and prevent disruptive transfer activity. In
addition, because we do not monitor for all frequent trading at the separate
account level, contract owners may engage in frequent trading which may not be
detected, for example, due to low net inflows or outflows on the particular
day(s). Therefore, no assurance can be given that we or the trusts will
successfully impose restrictions on all disruptive transfers. Because there is
no guarantee that disruptive trading will be stopped, some contract owners may
be treated differently than others, resulting in the risk that some contract
owners may be able to engage in frequent transfer activity while others will
bear the effect of that frequent transfer activity. The potential effects of
frequent transfer activity are discussed above.


(9) WIRE TRANSMITTALS AND ELECTRONIC APPLICATIONS


We accept initial and subsequent contributions sent by wire to our processing
office by agreement with certain broker-dealers. Such transmittals must be
accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" under "Contract features and
benefits" earlier in this Prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
provided through certain broker-dealers with which we have established
electronic facilities. In any such cases, you must sign our Acknowledgment of
Receipt form.

16



Where we require a signed application, the above procedures do not apply and no
financial transactions will be permitted until we receive the signed
application and have issued the contract. Where we issue a contract based on
information provided through electronic facilities, we require an
Acknowledgment of Receipt form, and financial transactions are only permitted
if you request them in writing, sign the request and have it signature
guaranteed, until we receive the signed Acknowledgment of Receipt form. After
your contract has been issued, additional contributions may be transmitted by
wire.

In general, the transaction date for electronic transmissions is the date on
which we receive at our regular processing office all required information and
the funds due for your contribution. We may also establish same-day electronic
processing facilities with a broker-dealer that has undertaken to pay
contribution amounts on behalf of our customers. In such cases, the transaction
date for properly processed orders is the business day on which the
broker-dealer inputs all required information into its electronic processing
system. You can contact us to find out more about such arrangements.

After your contract has been issued, additional contributions may be
transmitted by wire.


(10) CERTAIN INFORMATION ABOUT OUR BUSINESS DAY


Our business day, generally, is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m. Eastern Time for
purposes of determining the date when contributions are applied and any other
transaction requests are processed. Contributions will be applied and any other
transaction requests will be processed when they are received along with all
the required information.


If we have entered into an agreement with your broker-dealer for automated
processing of contributions upon receipt of customer order, your contribution
will be considered received at the time your broker-dealer receives your
contribution and all information needed to process your application, along with
any required documents, and transmits your order to us in accordance with our
processing procedures. Such arrangements may apply to initial contributions,
subsequent contributions, or both, and may be commenced or terminated at any
time without prior notice. If required by law, the "closing time" for such
orders will be earlier than 4:00 p.m., Eastern Time.


For more information, including additional instances when a different date may
apply to your contributions, please see "More Information" in your prospectus.


(11) YOUR CONTRACT DATE AND CONTRACT DATE ANNIVERSARY

The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each 12-month period after that date is a "contract year."
The end of each 12-month period is your "contract date anniversary." For
example if your contract date is May 1, your contract date anniversary is April
30.

(12) LEGAL PROCEEDINGS


AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings would be considered material with respect
to a contract owner's interest in Separate Account Nos. 45 and 49,
respectively, nor would any of these proceedings be likely to have a material
adverse effect upon either Separate Account, our ability to meet our
obligations under the contracts, or the distribution of the contracts.


(13) DISTRIBUTION OF THE CONTRACTS

The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"),
which serve as principal underwriters of Separate Account Nos. 45 and 49,
respectively. The offering of the contracts is intended to be continuous.

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates. The contracts are also sold by financial professionals of both
affiliated and unaffiliated broker-dealers that have entered into selling
agreements with the Distributors ("Selling broker-dealers").

AXA Equitable pays compensation to both Distributors based on contracts sold.

Compensation paid to AXA Advisors is based on contributions made on the
contracts sold through AXA Advisors ("contribution-based compensation") and
will generally not exceed 8.50% of total contributions. AXA Advisors, in turn,
may pay a portion of the contribution-based compensation received from AXA
Equitable on the sale of a contract to the AXA Advisors financial professional
and/or Selling broker-dealer making the sale. In some instances, a financial
professional or Selling broker-dealer may elect to receive reduced
contribution-based compensation on a contract in


                                                                              17




combination with ongoing annual compensation of up to 1.20% of the account
value of the contract sold ("asset-based compensation"). Total compensation
paid to a financial professional or a Selling broker-dealer electing to receive
both contribution-based and asset-based compensation could over time exceed the
total compensation that would otherwise be paid on the basis of contributions
alone. The contribution-based and asset-based compensation paid by AXA Advisors
varies among financial professionals and among Selling broker-dealers.

Contribution-based compensation paid by AXA Equitable to AXA Distributors on
sales of AXA Equitable contracts by its Selling broker-dealers will generally
not exceed 7.50% of the total contributions made under the contracts. AXA
Distributors, in turn, pays the contribution-based compensation it receives on
the sale of a contract to the Selling broker-dealer making the sale. In some
instances, the Selling broker-dealer may elect to receive reduced
contribution-based compensation on the sale of a contract in combination with
annual asset-based compensation of up to 1.25% of contract account value. If a
Selling broker-dealer elects to receive reduced contribution-based compensation
on a contract, the contribution-based compensation which AXA Equitable pays to
AXA Distributors will be reduced by the same amount and AXA Equitable will pay
AXA Distributors asset-based compensation on the contract equal to the
asset-based compensation which AXA Distributors pays to the Selling
broker-dealer. Total compensation paid to a Selling broker-dealer electing to
receive both contribution-based and asset-based compensation could over time
exceed the total compensation that would otherwise be paid on the basis of
contributions alone. The contribution-based and asset-based compensation paid
by AXA Distributors varies among Selling broker-dealers. AXA Distributors also
receives compensation and reimbursement for its marketing services under the
terms of its distribution agreement with AXA Equitable.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Accumulator(R) on a company and/or product
list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling broker-
dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.

These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition, AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.

Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any contribution-based and
asset-based compensation paid by AXA Equitable to the Distributors will not
result in any separate charge to you under your contract. All payments made
will be in compliance with all applicable NASD rules and other laws and
regulations.


18




(14) INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

This section only applies if your contract offers fixed maturity options.

AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at
www.axa-financial.com.

(15) CONDENSED FINANCIAL INFORMATION

The following table sets forth the unit values and number of units outstanding
at the year end for each variable investment option, except those options
offered for the first time after December 31, 2006. The table shows unit values
based on the lowest and highest charges that would apply to any contract or
investment option to which this supplement relates, including the lowest and
highest charges that would apply to the underlying portfolios. Therefore, if
your contract has different charges or features than those assumed, your unit
values will be different than those shown. Please refer to the SAI for a
complete presentation of the unit values and units outstanding. The table also
shows the total number of units outstanding for all contracts to which this
supplement relates.


                                                                              19



The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 45 with the same daily asset charges of 1.15%.




UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
OPTIONS BEING OFFERED FOR THE FIRST TIME AFTER DECEMBER 31, 2006.
- -----------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                               2006        2005
- -----------------------------------------------------------------------------------------------------------------
                                                                                                   
 AXA Aggressive Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.24     $ 11.36
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        263         109
- -----------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.98     $ 10.44
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        251         226
- -----------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.43     $ 10.63
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        206         114
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation -- Class A
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 54.74     $ 50.07
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        613         703
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 51.94     $ 47.62
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        843         971
- -----------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.71     $ 11.23
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,295         728
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity -- Class A
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 63.84     $ 61.29
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        227         270
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 62.23     $ 59.89
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        197         234
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.62     $ 11.33
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        416         490
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.21     $ 11.75
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        206         216
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield -- Class A
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 34.71     $ 31.86
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         93         110
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 33.83     $ 31.13
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        378         449
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.11     $ 13.81
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        315         260
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.46     $ 11.09
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         82         131
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.73     $  9.84
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        252         270
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.50     $ 12.30
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        302         296
- -----------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth -- Class B
- -----------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.04     $ 10.19
- -----------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        284         324
- -----------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003        2002
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 AXA Aggressive Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.64          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         64          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.31          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         98          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.41          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         54          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 48.21     $ 44.75     $ 37.91
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        778         909       1,013
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 45.97     $ 42.78     $ 36.32
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,106       1,263       1,386
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 57.16     $ 51.45     $ 37.75
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        320         387         453
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 55.99     $ 50.53     $ 37.17
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        272         297         327
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.26     $ 10.97     $ 10.69
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        551         570         493
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.11     $ 10.02     $  7.91
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        231         234         160
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 31.20     $ 28.97     $ 23.85
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        132         131          93
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 30.56     $ 28.44     $ 23.48
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        548         583         592
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.11     $ 10.39     $  7.82
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        243         212         129
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.52     $  9.70     $  7.66
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        131         133          88
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.26     $  8.78     $  6.80
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        281         251         164
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.61     $ 10.27     $  7.92
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        259         232         205
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.51     $  8.61     $  6.21
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        333         384         214
- -----------------------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2001        2000        1999
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 AXA Aggressive Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 43.83          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        387          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 42.10          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        736          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 53.56     $ 72.23     $ 84.11
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        576         705         854
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 52.87     $ 71.48     $ 83.44
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        399         478         561
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.80     $ 24.85     $ 27.52
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        104          71          99
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.47     $ 24.59     $ 27.30
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        707         796       1,064
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------
                                                                                              For the years ending
                                                                                                  December 31,
                                                                                               1998        1997
- --------------------------------------------------------------------------------------------------------------------
                                                                                                   
 AXA Aggressive Allocation -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 71.60     $ 72.23
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,101       1,261
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 71.21     $ 72.00
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        680         369
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 28.81     $ 30.73
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        173          98
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 28.65     $ 30.63
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,451         505
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------



20






UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
OPTIONS BEING OFFERED FOR THE FIRST TIME AFTER DECEMBER 31, 2006.
- --------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                               2006        2005
- --------------------------------------------------------------------------------------------------------------------
                                                                                                  
 AXA Premier VIP Mid Cap Value -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.06    $  12.40
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        325         332
- --------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.71    $  10.09
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        316         382
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 291.81    $ 266.03
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        266         322
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 284.40    $ 259.92
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        380         458
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  36.23    $  30.84
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,156       1,397
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  35.36    $  30.18
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,543       1,868
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  20.04    $  19.61
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        238         293
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  19.56    $  19.19
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        469         563
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  19.35    $  15.81
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,130       1,271
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  18.87    $  15.45
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,145       1,246
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   7.10    $   7.22
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        995       1,173
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  16.83    $  16.40
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        227         287
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  18.53    $  17.56
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        974         365
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  18.96    $  17.20
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        304       1,163
- --------------------------------------------------------------------------------------------------------------------
 EQ/Alliance Bernstein Value -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  18.28    $  15.23
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,987       2,290
- --------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.39    $  10.37
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          8           2
- --------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   6.89    $   6.01
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        380         367
- --------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.18    $   8.82
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          6          12
- --------------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003        2002
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                                          
 AXA Premier VIP Mid Cap Value -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.69    $  10.26   $   7.38
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        447         402        250
- -----------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.18    $   8.84   $   5.67
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        537         207         44
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 257.37    $ 227.59   $ 153.56
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        407         498        560
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 252.09    $ 223.47   $ 151.16
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        552         639        698
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  29.50    $  26.48   $  20.49
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,692       2,039      2,361
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  28.94    $  26.04   $  20.20
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,261       2,666      3,020
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  19.55    $  19.35   $  19.12
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        354         460      1,043
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  19.17    $  19.03   $  18.85
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        766         998      1,296
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.84    $  11.82   $   8.83
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,509       1,843      1,978
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.56    $  11.61   $   8.69
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,359       1,568      1,624
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   6.36    $   5.93   $   4.87
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,269       1,663      1,968
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  16.26    $  15.86   $  15.49
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        275         292        240
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  15.89    $  14.06   $  10.07
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        358         402        428
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  15.60    $  13.85   $   9.94
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,361       1,510      1,604
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Alliance Bernstein Value -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.61    $  13.03   $  10.24
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,543       2,775      2,810
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   5.73          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         50          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   8.21    $   8.01   $   6.34
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         19          10          3
- -----------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------------------
                                                                                              For the years ending December 31,
                                                                                                2001         2000         1999
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 AXA Premier VIP Mid Cap Value -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock -- Class A
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 232.44     $ 262.80     $ 309.23
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         748          893          993
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 229.38     $ 260.00     $ 306.70
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         875          988        1,066
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income -- Class A
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  26.26     $  26.92     $  24.99
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       2,922        3,126        3,318
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  25.96     $  26.67     $  24.82
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       3,602        3,709        3,857
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities -- Class A
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  17.76     $  16.62     $  15.40
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         641          360          451
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  17.56     $  16.46     $  15.30
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       1,054          735          871
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International -- Class A
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   9.91     $  13.00     $  17.08
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         816          941          855
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   9.77     $  12.89     $  16.97
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         390          438          414
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   7.16     $   9.53     $  11.81
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       2,839        3,046        1,792
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth -- Class A
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  14.57     $  16.95     $  15.04
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         497          487          192
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  14.41     $  16.81     $  14.96
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       1,800        1,985        1,762
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Alliance Bernstein Value -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.00           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       2,882           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible -- Class B
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.72           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                                ending December
                                                                                                      31,
                                                                                                1998         1997
- --------------------------------------------------------------------------------------------------------------------
                                                                                                    
 AXA Premier VIP Mid Cap Value -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Technology -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 249.88     $ 195.37
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       1,079        1,114
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 248.45     $ 194.74
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       1,101          519
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  21.30     $  17.83
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       3,481        3,433
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  21.22     $  17.80
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       3,845        1,829
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  15.55     $  14.60
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         524          413
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  15.49     $  14.58
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       1,079          345
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.54     $  11.48
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       1,001        1,151
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.49     $  11.46
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         438          285
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.90     $  12.57
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         314          208
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.86     $  12.55
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       2,306        1,084
- --------------------------------------------------------------------------------------------------------------------
 EQ/Alliance Bernstein Value -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------



                                                                             21






UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
OPTIONS BEING OFFERED FOR THE FIRST TIME AFTER DECEMBER 31, 2006.
- --------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                               2006        2005
- --------------------------------------------------------------------------------------------------------------------
                                                                                                  
 EQ/Capital Guardian Growth -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.37     $ 12.60
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         38          28
- --------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian International -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.75     $ 12.51
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        238         233
- --------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.28     $ 11.99
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,048       1,232
- --------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  12.78     $ 11.76
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        505         591
- --------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.11     $ 10.41
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         57          25
- --------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.85          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         19          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  30.76     $ 27.04
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        624         717
- --------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.97     $  9.75
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         55           5
- --------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   9.07     $  8.66
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        121         149
- --------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  13.03     $ 11.81
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        620         750
- --------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value - Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  17.90     $ 16.10
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,559       1,833
- --------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.44          --
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             78          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  10.83          --
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              6          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  11.67     $ 10.52
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        198         132
- --------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value - Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  28.54     $ 24.30
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         94          71
- --------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.30     $ 11.51
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         42          12
- --------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $   6.44     $  6.45
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        185         185
- --------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond - Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  14.59     $ 14.19
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        630         688
- --------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/Capital Guardian Growth -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.12     $ 11.62    $  9.48
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         15          14         11
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.81     $  9.62    $  7.34
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        209         144         56
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research -- Class B
 ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                 $ 11.44     $ 10.43    $  8.02
 ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                                      1,468       1,625      1,727
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity -- Class B
 ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                 $ 11.22     $ 10.39    $  7.70
 ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                                        543         562        346
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
 ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                      --          --         --
 ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
 ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                      --          --         --
 ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index -- Class B
 ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                 $ 26.20     $ 24.04    $ 19.03
 ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                                        858         994      1,017
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
 ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                      --          --         --
 ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega -- Class B
 ------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                 $  8.43     $  7.97    $  5.83
 ------------------------------------------------------------------------------------------------------------------------------
 Separate Account 45 number of units outstanding (000's)                                        225         198         84
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.24     $  9.80    $  6.90
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        697         677        427
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value - Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.63     $ 12.56    $  9.53
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,058       2,302      2,470
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value - Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 23.56          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         20          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.08     $  5.48    $  4.41
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        188         187        253
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond - Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.04     $ 13.64    $ 13.35
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        621         618        623
- ------------------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------
                                                                                             For the years ending December 31,
                                                                                               2001        2000        1999
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/Capital Guardian Growth -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian Research -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.78     $ 11.13     $ 10.63
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         80          57          20
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.21     $ 10.54     $ 10.29
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         98          39           8
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.80     $ 28.57     $ 32.04
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,094       1,206          11
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  7.76     $  9.47     $ 10.84
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         52          59          44
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.56     $ 10.00          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        292          43          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value - Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.31     $ 11.00     $ 10.58
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,317       1,758       2,259
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value - Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.40     $  8.40          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        295          78          --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond - Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ------------------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending
                                                                                                December 31,
                                                                                               1998        1997
- -------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Capital Guardian Growth -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 26.99     $ 21.38
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         14           5
- -------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value - Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.52     $ 11.82
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,984       2,096
- -------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value - Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond - Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------



22






UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
OPTIONS BEING OFFERED FOR THE FIRST TIME AFTER DECEMBER 31, 2006.
- -------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                               2006        2005
- -------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/JPMorgan Value Opportunities Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.39     $ 13.77
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        654         747
- -------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.24     $ 10.65
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         54           7
- -------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.08     $ 10.01
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         47          69
- -------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.30     $ 10.61
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         56          18
- -------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.78     $ 10.58
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,017           8
- -------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.41     $ 11.16
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        167         199
- -------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.61     $ 15.37
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        770         736
- -------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.66     $ 20.63
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,201       1,488
- -------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 23.35     $ 18.80
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        795         814
- -------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.39     $ 14.44
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,056       1,226
- -------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.75     $  9.63
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         85         103
- -------------------------------------------------------------------------------------------------------------------
 EQ/Money Market -- Class A
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 30.96     $ 30.59
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        433         238
- -------------------------------------------------------------------------------------------------------------------
 EQ/Money Market -- Class B
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 31.67     $ 29.98
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        262         400
- -------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.99     $  4.68
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         50          54
- -------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.72          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         21          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.10          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          9          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.94          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          6          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.11          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                          1          --
- -------------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003        2002
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/JPMorgan Value Opportunities Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.40     $ 12.23    $  9.76
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        946       1,120      1,280
- -----------------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.05     $ 12.86    $  9.92
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        693         778        439
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 20.27     $ 18.55    $ 14.30
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,843       2,009      2,129
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.16     $ 14.27    $ 11.27
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        779         839        956
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.40     $ 12.04    $  9.42
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,570       1,952      2,239
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.09     $  8.25    $  6.84
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         98         107         99
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 30.08     $ 30.12    $ 30.22
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        344         444        863
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 29.55     $ 29.66    $ 29.84
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        566         711      1,022
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.49          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Global
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
EQ/Oppenheimer Main Street Small Cap
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- -----------------------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2001        2000        1999
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/JPMorgan Value Opportunities Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.19     $ 13.24     $ 12.54
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,543       1,692       2,198
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
EQ/Long Term Bond
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.35          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         29          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.36     $ 16.64     $ 15.06
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,223       1,946       2,162
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.51     $ 22.25     $ 27.74
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      3,104       3,748       3,430
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.76     $ 10.55     $ 10.75
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         84          75          73
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market -- Class A
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 30.12     $ 29.34     $ 27.94
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        954         817       1,201
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market -- Class B
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 29.82     $ 29.13     $ 27.80
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        965         851       1,548
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- -----------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending
                                                                                                 December 31,
                                                                                               1998        1997
- --------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/JPMorgan Value Opportunities Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.86     $ 11.53
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,347       1,230
- --------------------------------------------------------------------------------------------------------------------
EQ/Legg Mason Value Equity
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Mid Cap Value
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
EQ/Marsico Focus
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.81     $ 11.61
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,127         849
- --------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.16     $ 12.15
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      2,619         982
- --------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Money Market -- Class A
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 26.92     $ 25.85
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        839         928
- --------------------------------------------------------------------------------------------------------------------
 EQ/Money Market -- Class B
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 26.85     $ 25.85
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                      1,193         794
- --------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --
- --------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --
- --------------------------------------------------------------------------------------------------------------------



                                                                             23






UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE INVESTMENT OPTION, EXCEPT FOR THOSE
OPTIONS BEING OFFERED FOR THE FIRST TIME AFTER DECEMBER 31, 2006.
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years ending
                                                                                                     December 31,
                                                                                               2006       2005       2004
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                                          
 EQ/PIMCO Real Return
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  9.87    $  9.95          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       195        161          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 10.27    $  9.99          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        83         47          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 20.03    $ 17.45     $ 16.86
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       399        485         526
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth -- Class B
- ---------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                $  8.94    $  8.20     $  7.72
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       101         70          13
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 17.46    $ 15.00     $ 14.56
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       341        383         499
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity -- Class B
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 17.14    $ 18.06     $ 17.57
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        15         12          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 10.76         --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        20         --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income -- Class B
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $  6.35    $  5.63     $  5.23
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       146        117          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 11.96    $ 10.44          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       157        129          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity -- Class B
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 19.21    $ 14.18     $ 10.80
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                     1,021      1,010         876
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 13.38    $ 12.39          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        48         30          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                $ 14.33    $ 11.92     $ 11.36
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        47          3           1
- ----------------------------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2003        2002        2001
- ----------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/PIMCO Real Return
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.57     $ 10.73          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        495         384          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth -- Class B
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.51     $  8.68     $ 11.10
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        427         297         320
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity -- Class B
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income -- Class B
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity -- Class B
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.84     $  5.73     $  6.16
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        859         894         812
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- ----------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --          --
- ----------------------------------------------------------------------------------------------------------------------------


- ------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2000        1999        1998
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.01     $ 11.52     $ 9.66
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        303         334        244
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity -- Class B
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.57     $ 11.09     $ 5.73
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        908         795        567
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- ------------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                         --          --         --
- ------------------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                            December
                                                                                               31,
                                                                                              1997
- -------------------------------------------------------------------------------------------------------
                                                                                          
 EQ/PIMCO Real Return
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth -- Class B
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/TCW Equity -- Class B
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income -- Class B
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity -- Class B
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 7.95
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                       282
- -------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- -------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)                                        --
- -------------------------------------------------------------------------------------------------------



24




The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 45 and 49 with the same daily asset charges of
1.70%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.




- ------------------------------------------------------------------------------------------------------------------------
                                                                         For the years ending December 31,
                                                                 2006        2005        2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------
                                                                                               
 AXA Aggressive Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  14.43     $ 12.45     $ 11.72     $ 10.66
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           8          10          13          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,109       1,519         656          32          --
- ------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.31     $ 10.82     $ 10.74     $ 10.30          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           5           6           5          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,800       1,000         281           1          --
- ------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.96     $ 11.19     $ 11.02     $ 10.41          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          13                      --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       3,022       2,176         414          84          --
- ------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  46.21     $ 42.61     $ 41.36     $ 38.70     $ 33.05
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          32          33           8           9          13
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,325       1,725         893         383          86
- ------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  13.82     $ 12.28     $ 11.71     $ 10.66          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --           4          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      14,705       6,917       2,788          46          --
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  55.37     $ 53.59     $ 50.38     $ 45.72     $ 33.82
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           2           2           2           2           2
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          47          25          28          10           4
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.30     $ 11.08     $ 11.07     $ 10.84     $ 10.63
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           6           8          11          19          23
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,030       1,611       1,424       1,202         628
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  11.87     $ 11.49     $ 10.93     $  9.91     $  7.87
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          10          11          10          11           7
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         400         338         284         143          57
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  30.26     $ 28.00     $ 27.64     $ 25.87     $ 21.48
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          11          13          14          20          21
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         758         755         771         557         125
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  16.64     $ 13.51     $ 11.90     $ 10.27     $  7.78
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           1           1           1           1          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,030         783         806         360         135
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  12.11     $ 10.85     $ 10.34     $  9.59     $  7.61
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           1           1           3           3           3
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         453         353         272         238         104
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $   9.47     $  9.62     $  9.10     $  8.68     $  6.76
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          23          26          27          27          21
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,014         980         876         792         408
- ------------------------------------------------------------------------------------------------------------------------



                                                                             25



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending December 31,
                                                                 2006        2005        2004        2003       2002
- ------------------------------------------------------------------------------------------------------------------------
                                                                                             
 AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.10    $  12.02    $  11.42    $  10.15   $   7.88
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          41          44          45          45         36
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,363       1,238       1,242         726        316
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.74    $   9.96    $   9.35    $   8.52   $   6.18
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           3           4           6           8          8
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,035       1,075       1,055         731        292
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 13.68    $  12.13    $  11.49    $  10.15   $   7.34
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          27          27          29          30         23
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1010         876       1,011         560        206
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.41    $   9.87    $   9.02    $   8.74   $   5.64
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          15          15          15          14         10
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         350         311         306          98         14
- ------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Common Stock
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $239.37    $ 219.99    $ 214.55    $ 191.26   $ 130.09
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           3           3           3           4          6
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          73          73          64          29          9
- ------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 32.85    $  28.19    $  27.18    $  24.60   $  19.19
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          27          28          32          39         43
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         563         618         549         371        133
- ------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.92    $  17.67    $  17.76    $  17.72   $  17.65
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          29          39          67          84        146
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         376         481         416         458        259
- ------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.67    $  14.55    $  12.84    $  11.05   $   8.32
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           9          10          13          20         20
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,508       1,037         649         530        142
- ------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.80    $   6.96    $   6.16    $   5.78   $   4.77
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          14          17          17          24         22
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,042       1,055         981         856        341
- ------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 15.63    $  15.31    $  15.27    $  14.97   $  14.71
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          11          14          17          14         17
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         590         573         555         512        198
- ------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.56    $  16.39    $  14.95    $  13.34   $   9.63
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          18          18          20          25         28
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         462         372         312         478        121
- ------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 17.38    $  14.57    $  14.06    $  12.60   $   9.96
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          21          35          49          54         60
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,507       2,363       2,169       1,481        530
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.31    $  10.35          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           2          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         123          40          --          --         --
- ------------------------------------------------------------------------------------------------------------------------



26



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------------
                                                                      For the years ending December 31,
                                                                2006       2005       2004       2003       2002
- ------------------------------------------------------------------------------------------------------------------------
                                                                                          
 EQ/Boston Advisors Equity Income
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  6.59    $  5.78    $  5.54         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          1         --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        504        326         15         --         --
- ------------------------------------------------------------------------------------------------------------------------
EQ/Calvert Socially Responsible
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  8.81    $  8.51    $  7.96    $  7.82    $  6.22
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          2          2          1          1         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        353        314        204        249         42
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 12.67    $ 12.00    $ 11.62    $ 11.20    $  9.19
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --         --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1484        351        160        164         40
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 14.13    $ 12.06    $ 10.47    $  9.38    $  7.19
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --         --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      3,208      2,337      1,926      1,026        282
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 12.72    $ 11.55    $ 11.08    $ 10.16    $  7.86
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --         --          1         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      1,393      1,585      1,200        776        200
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 12.24    $ 11.33    $ 10.87    $ 10.12    $  7.55
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          1          1         14         16         10
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      2,611      2,349      2,037      1,222        345
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 11.01    $ 10.37         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --         --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        225         81         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                   10.84         --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --         --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        216         --         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 28.64    $ 25.31    $ 24.66    $ 22.76    $ 18.11
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         10         12         13         16         10
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      1,418      1,604      1,386      1,074        399
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  9.90    $  9.74         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          1          1         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        185          8         --         --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $  8.67    $  8.33    $  8.15    $  7.75    $  5.70
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         --         --          1          2          4
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        215        280        377        218         32
- ------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                 $ 12.57    $ 11.47    $ 10.97    $  9.62    $  6.81
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)         31         35         38         41         39
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)      1,890      1,556      1,391        883        285
- ------------------------------------------------------------------------------------------------------------------------



                                                                             27



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending December 31,
                                                                 2006        2005        2004        2003       2002
- ------------------------------------------------------------------------------------------------------------------------
                                                                                              
 EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.96     $ 15.34     $ 14.02     $ 12.10    $  9.24
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          16          19          26          31         36
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,156       1,107       1,007         636        237
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.42          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         368          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.81          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          38          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.56     $ 10.48          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           3          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         193          77          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 25.76     $ 22.05     $ 21.50          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           1           1          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         233          79           9          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.17     $ 11.47          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         269          56          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.22     $  6.26     $  5.93     $  5.38    $  4.35
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           6           5          25          27         24
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         886         788          70         561        192
- ------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 13.88     $ 13.57     $ 13.50     $ 13.20    $ 12.99
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           8          12           8           7          9
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,477       1,527       1,343       1,175        441
- ------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 15.53     $ 13.12     $ 12.84     $ 11.78    $  9.45
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           2          11          11          16         13
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         351         347         370         307        128
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.17     $ 10.63          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           4          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         532         144          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.98     $  9.98          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           2          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         135         173          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.18     $ 10.57          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         308          83          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.67     $ 10.54          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         196          84          --          --         --
- ------------------------------------------------------------------------------------------------------------------------



28



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.




- ------------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending December 31,
                                                                 2006        2005        2004        2003       2002
- ------------------------------------------------------------------------------------------------------------------------
                                                                                              
 EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 12.29     $ 11.12          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --           1          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         591         290          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.13     $ 15.01     $ 13.79     $ 12.69    $  9.85
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          11           8          11          16          8
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       2,714       2,354       1,938       1,510        386
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 23.37     $ 19.66     $ 19.43     $ 17.87    $ 13.86
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          14          19          21          25         32
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         856         849         802         502        184
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 22.13     $ 17.91     $ 16.44     $ 13.75    $ 10.92
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           3           3           3           6          4
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,052         782         522         441        161
- ------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.58     $ 13.76     $ 12.84     $ 11.60    $  9.12
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           1           1           2           5          7
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         192         184         149          93         38
- ------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.28     $  9.26     $  8.79     $  8.03    $  6.69
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         510         603         610         598        229
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 26.86     $ 26.15     $ 25.92     $ 26.17    $ 26.47
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          22           8          15          37         57
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,102         845         349         434        630
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  4.77     $  4.49     $  4.34          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          83          72          22          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.70          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         258          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.08          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          83          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.92          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          20          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.09          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          19          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  9.78     $  9.91          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           3          --          --          --         --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         730         286          --          --         --
- ------------------------------------------------------------------------------------------------------------------------



                                                                             29



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------------
                                                                        For the years ending December 31,
                                                                 2006       2005        2004        2003        2002
- ------------------------------------------------------------------------------------------------------------------------
                                                                                              
 EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.17    $  9.96          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           2         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         202         60          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 19.05    $ 16.69     $ 16.22     $ 14.09     $ 10.43
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           6          5           5           7           8
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)       1,201        991         884         641         270
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  8.54    $  7.89     $  7.46          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         475        242          59          --          --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 16.60    $ 14.35     $ 14.00     $ 12.10     $  8.44
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           3          5          11          10           8
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         744        596         575         449         122
- ------------------------------------------------------------------------------------------------------------------------
 EQ/TCW Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 15.46    $ 16.39     $ 16.03          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)          47         41           6          --          --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 10.75         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         178         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $  6.07    $  5.41     $  5.05          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         104         69          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 11.85    $ 10.40          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         602        296          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 18.23    $ 13.53     $ 10.37     $  8.53     $  5.56
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)           1          1          --           6           6
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)        1239        755         609         457          69
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 13.26    $ 12.34          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         297        179          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                  $ 14.12    $ 11.86     $ 11.36          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 45 number of units outstanding (000's)          --         --          --          --          --
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)         147         --           1          --          --
- ------------------------------------------------------------------------------------------------------------------------



30



The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 0.95%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                               2006        2005
- ------------------------------------------------------------------------------------------------------------------------
                                                                                                   
 AXA Aggressive Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.32     $ 11.41
- ------------------------------------------------------------------------------------------------------------------------
   Separate Account 49 number of units outstanding (000's)                                        117          --
- ------------------------------------------------------------------------------------------------------------------------
AXA Conservative Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.04     $ 10.48
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.49     $ 10.67
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 54.18     $ 49.58
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          1           2
- ------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.79     $ 11.28
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          6           7
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 64.92     $ 62.35
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          1           1
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.74     $ 11.42
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          15
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.33     $ 11.84
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          2           2
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 35.22     $ 32.35
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          5           5
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.29     $ 13.93
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          3           6
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.58     $ 11.18
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          20
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.83     $  9.92
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.65     $ 12.40
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         21           2
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.15     $ 10.27
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          3           5
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.21     $ 12.50
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          3           7
- ------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- ------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.81     $ 10.18
- ------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         23          23
- ------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003        2002
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 AXA Aggressive Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.66          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.33          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.43          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 47.77     $ 44.36     $ 37.59
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          3           3          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.67          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 58.18     $ 52.40     $ 38.47
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          1           1           1
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.33     $ 11.01     $ 10.71
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         24          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.18     $ 10.06     $  7.93
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 31.69     $ 29.44     $ 24.25
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          6          11          12
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.18     $ 10.43     $  7.84
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          6           3          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.58     $  9.74     $  7.67
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         20           9          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.31     $  8.82     $  6.81
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.68     $ 10.31     $  7.94
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          1           1          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.57     $  8.65     $  6.22
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          5           3          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.76     $ 10.30     $  7.40
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          6           5          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.23     $  8.88     $  5.69
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         25          --          --
- --------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2001        2000        1999
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 AXA Aggressive Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 43.48          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 54.60     $ 73.67     $ 85.83
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          1           1          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 25.23     $ 25.30     $ 28.03
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         13          13          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------



                                                                             31



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                              ending December 31,
                                                                                                2006         2005
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                    
 EQ/AllianceBernstein Common Stock
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 302.74     $ 276.12
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           1            2
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  36.32     $  30.93
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           1            1
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  20.19     $  19.77
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           3            3
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  19.32     $  15.79
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           7            8
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   7.21     $   7.32
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          47           66
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  17.28     $  16.81
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           5            2
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  18.90     $  17.50
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          18           25
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  18.61     $  15.48
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          44           46
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.42     $  10.37
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   7.00     $   6.10
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           1            4
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   9.31     $   8.93
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  13.64     $  12.82
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           9            5
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  14.98     $  12.68
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          40           49
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  13.49     $  12.15
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          53           51
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.98     $  11.92
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          30           31
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.15     $  10.42
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.86           --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --
- --------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------------------
                                                                                              For the years ending December 31,
                                                                                                2004         2003         2002
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                              
 EQ/AllianceBernstein Common Stock
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 267.26     $ 236.45     $ 159.61
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           2            2            2
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  29.60     $  26.59     $  20.58
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           2            2            1
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  19.71     $  19.53     $  19.30
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           4            7           10
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  13.83     $  11.81     $   8.82
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           8            8           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   6.43     $   5.99     $   4.91
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          71           93           89
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  16.64     $  16.19     $  15.78
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           2            3           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  15.85     $  14.04     $  10.05
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          27           30           32
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  14.82     $  13.19     $  10.35
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          40           38           38
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   5.80           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           1           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.30     $   8.09     $   6.38
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.31           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           5           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.93     $   9.71     $   7.40
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          41           39           35
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.57     $  10.53     $   8.08
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          53           66           69
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.35     $  10.48     $   7.76
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          31           34           25
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --           --
- --------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------------------
                                                                                             For the years ending December 31,
                                                                                                2001         2000         1999
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                              
 EQ/AllianceBernstein Common Stock
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 241.72     $ 273.42     $ 321.89
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                           2            2           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   7.20           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          79           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  14.55           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          32           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.09           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          34           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.76           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.79     $  11.22     $  14.00
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          34           28           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.83     $  11.16     $  10.64
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          26           18           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.26     $  10.58     $  10.31
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          21           15           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --           --
- --------------------------------------------------------------------------------------------------------------------------------



32



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                               2006        2005
- ------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Equity 500 Index
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 31.57     $ 27.69
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         10          11
- ------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.00     $  9.76
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.21     $  8.79
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --           9
- ------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.19     $ 11.94
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         30          39
- ------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.25     $ 16.38
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         20          13
- ------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.44          --
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.84          --
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.71     $ 10.53
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 29.63     $ 25.17
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.35     $ 11.53
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.53     $  6.51
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         17          23
- ------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.86     $ 14.42
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         24          28
- ------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.71     $ 14.01
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         12          14
- ------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.27     $ 10.65
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.11     $ 10.03
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.34     $ 10.63
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.82     $ 10.59
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003        2002
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/Equity 500 Index
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 26.78     $ 24.53     $ 19.37
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         11          10          10
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.53     $  8.05     $  5.88
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.34     $  9.86     $  6.93
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         29          34          29
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.86     $ 12.73     $  9.64
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         15          20          14
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.36          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.13     $  5.52     $  4.43
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         24          28          22
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.24     $ 13.81     $ 13.49
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         26          36          44
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.61     $ 12.40     $  9.87
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         15          18          20
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- --------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2001        2000        1999
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/Equity 500 Index
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 25.20     $ 28.97          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         11           6          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  7.81          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.59     $ 10.01          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         19           3          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.41     $ 11.08          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         11          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.41     $  8.41          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         24          10          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Core Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.43     $ 11.62     $ 10.53
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         46          34          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/JPMorgan Value Opportunities
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.31     $ 13.34     $ 12.61
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         18           4          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- --------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- --------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- --------------------------------------------------------------------------------------------------------------------------------



                                                                             33



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------
                                                                                             For the years ending
                                                                                                  December 31,
                                                                                              2006         2005
- ------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.45     $ 11.18
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --           2
- ------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.79     $ 15.51
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         22           7
- ------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 25.15     $ 21.00
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          1           3
- ------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 23.81     $ 19.13
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         30          36
- ------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.69     $ 14.70
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         22          29
- ------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.93     $  9.77
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          4           6
- ------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 32.60     $ 31.50
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         10          11
- ------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  5.07     $  4.74
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.72          --
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.11          --
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.95          --
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.11          --
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.90     $  9.96
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.30     $ 10.01
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 20.40     $ 17.74
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         15          15
- ------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.09     $  8.32
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          5           1
- ------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.78     $ 15.25
- ------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         15          15
- ------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003        2002
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/Lord Abbett Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.14     $ 12.92    $  9.95
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          5           3          2
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 20.59     $ 18.80    $ 14.47
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          1           1         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.42     $ 14.46    $ 11.70
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         35          51         73
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.61     $ 12.20    $  9.53
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         31          42         42
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.20     $  8.34    $  6.90
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          6           6          7
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 30.98     $ 31.04    $ 31.16
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         26           2          6
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.54          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.10     $ 14.75    $ 10.84
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         16          17         18
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  7.82          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.76     $ 12.67    $  8.97
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         16          15         17
- -------------------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2001        2000        1999
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/Lord Abbett Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -------------------------------------------------------------------------------------------------------------------------------
   Unit value                                                                                 $ 11.36          --          --
 -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                                          1          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
 -------------------------------------------------------------------------------------------------------------------------------
 Unit value                                                                                 $ 17.53          --          --
 -------------------------------------------------------------------------------------------------------------------------------
 Separate Account 49 number of units outstanding (000's)                                          1          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.81     $ 17.77     $ 20.45
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         65          47          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.64     $ 22.48     $ 27.88
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         43          35          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.82     $ 10.59     $ 10.77
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          6           2          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 31.08          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         13          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Small Cap
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.70     $ 10.89     $  9.28
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         15           9          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.19     $ 11.07     $ 11.57
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         17          10          --
- -------------------------------------------------------------------------------------------------------------------------------



34



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- -------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                               2006        2005
- -------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/TCW Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.79     $ 18.71
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.77          --
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.46     $  5.71
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.00     $ 10.46
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 19.58     $ 14.42
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         22           9
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.43     $ 12.41
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                          3          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.38     $ 11.94
- -------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --          --
- -------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------------
                                                                                           For the years ending December 31,
                                                                                               2004        2003       2002
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                           
 EQ/TCW Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.16         --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  5.29         --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.96     $ 8.95     $ 5.80
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         12         12         12
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --         --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         --         --         --
- -------------------------------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------------------
                                                                                                   For the years
                                                                                                  ending December
                                                                                                         31,
                                                                                               2001     2000    1999
- ----------------------------------------------------------------------------------------------------------------------
                                                                                                       
 EQ/TCW Equity
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --     --      --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        --     --      --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --     --      --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        --     --      --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --     --      --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        --     --      --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --     --      --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        --     --      --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 6.22     --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                         9     --      --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --     --      --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        --     --      --
- ----------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- ----------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --     --      --
- ----------------------------------------------------------------------------------------------------------------------
  Separate Account 49 number of units outstanding (000's)                                        --     --      --
- ----------------------------------------------------------------------------------------------------------------------



                                                                              35



The unit values and number of units outstanding shown below are for contracts
offered under Separate Account 49 with the same daily asset charges of 1.90%.

UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- -------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                              ending December 31,
                                                                                               2006        2005
- -------------------------------------------------------------------------------------------------------------------
                                                                                                   
 AXA Aggressive Allocation
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.95     $ 11.22
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.74     $ 10.29
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             31          --
- -------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.18     $ 10.48
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             16          15
- -------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 44.28     $ 40.92
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              5           8
- -------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.44     $ 11.07
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             55          --
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 53.06     $ 51.46
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             12          12
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.19     $ 10.99
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             21          20
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.75     $ 11.39
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              2           2
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 29.05     $ 26.94
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              7          10
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.48     $ 13.40
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              1           1
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.00     $ 10.76
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             15          15
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.37     $  9.54
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             21          23
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.96     $ 11.93
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             11          15
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.63     $  9.88
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             15          18
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.54     $ 12.03
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              6          10
- -------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.31     $  9.79
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             10          11
- -------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                                2004        2003        2002
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 AXA Aggressive Allocation
  Unit value                                                                                 $ 10.56          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.24          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.34          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 39.80     $ 37.31     $ 31.93
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             13          11           7
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.58          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 48.47     $ 44.08     $ 32.67
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             12          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.01     $ 10.80     $ 10.61
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             20          18          13
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.86     $  9.87     $  7.85
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              3           3           3
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 26.64     $ 24.99     $ 20.79
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             16          11           7
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.83     $ 10.23     $  7.76
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              9           6           7
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.28     $  9.55     $  7.60
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             15          15          17
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.05     $  8.65     $  6.75
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             30          36          39
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.35     $ 10.11     $  7.86
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             29          28          30
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.30     $  8.48     $  6.16
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             31          30          34
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.42     $ 10.11     $  7.33
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             26          23          25
- -------------------------------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.97     $  8.71     $  5.63
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             11           4           4
- -------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                             December
                                                                                               31,
                                                                                              2001
- --------------------------------------------------------------------------------------------------------
                                                                                          
 AXA Aggressive Allocation
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Conservative Allocation
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Conservative-Plus Allocation
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Moderate Allocation
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 37.29
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              4
- --------------------------------------------------------------------------------------------------------
 AXA Moderate-Plus Allocation
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Aggressive Equity
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 46.83
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Core Bond
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Health Care
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP High Yield
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 21.83
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP International Equity
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Core Equity
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Growth
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Large Cap Value
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Growth
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Mid Cap Value
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 AXA Premier VIP Technology
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------



36



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- --------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                              ending December 31,
                                                                                                2006         2005
- --------------------------------------------------------------------------------------------------------------------
                                                                                                    
 EQ/AllianceBernstein Common Stock
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 224.77     $ 206.99
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               2            2
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  31.97     $  27.49
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              10           10
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  17.35     $  17.15
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               2            3
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  17.25     $  14.24
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              11           16
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   6.70     $   6.86
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              66           86
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  15.21     $  14.94
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              25           24
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  17.22     $  16.10
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               9           15
- --------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  17.07     $  14.33
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              22           28
- --------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.29     $  10.35
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               1           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   6.48     $   5.69
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              24           24
- --------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.68     $   8.40
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.42     $  11.79
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               6            3
- --------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  13.91     $  11.89
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              13           31
- --------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.53     $  11.40
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              11           23
- --------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.05     $  11.17
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               8           30
- --------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.97     $  10.36
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --
- --------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- --------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.83           --
- --------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               1           --
- --------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------------
                                                                                              For the years ending December 31,
                                                                                                2004         2003         2002
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                              
 EQ/AllianceBernstein Common Stock
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 202.28     $ 180.69     $ 123.15
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               3            3            3
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  26.56     $  24.09     $  18.83
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              11           11           10
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  17.27     $  17.27     $  17.23
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               3            3            2
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.59     $  10.86     $   8.19
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              13           14           --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   6.09     $   5.73     $   4.74
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              86          111          108
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  14.93     $  14.67     $  14.44
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              24           25           28
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  14.72     $  13.61     $   9.52
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              17           25           31
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  13.86     $  12.45     $   9.86
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              46           66           66
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --           --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   5.47           --           --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --           --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   7.88     $   7.75     $   6.18
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --           --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.44     $  11.05     $   9.08
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               3            3            8
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.35     $   9.29     $   7.14
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              43           36           48
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.95     $  10.07     $   7.80
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              34           35           37
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.75     $  10.02     $   7.49
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              40           38           40
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --           --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --           --           --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --           --           --
- -------------------------------------------------------------------------------------------------------------------------------


- ----------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                              ending
                                                                                            December 31,
                                                                                               2001
- ----------------------------------------------------------------------------------------------------------
                                                                                          
 EQ/AllianceBernstein Common Stock
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 188.32
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               1
- ----------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Growth and Income
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Intermediate Government Securities
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein International
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Large Cap Growth
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   7.02
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              27
- ----------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Quality Bond
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Small Cap Growth
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  13.91
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               7
- ----------------------------------------------------------------------------------------------------------
 EQ/AllianceBernstein Value
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  11.64
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              16
- ----------------------------------------------------------------------------------------------------------
 EQ/Ariel Appreciation II
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------
 EQ/Boston Advisors Equity Income
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------
 EQ/Calvert Socially Responsible
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.56
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Growth
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  12.57
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                               4
- ----------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian International
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $   8.57
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              41
- ----------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian Research
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.56
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              13
- ----------------------------------------------------------------------------------------------------------
 EQ/Capital Guardian U. S. Equity
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  10.00
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              21
- ----------------------------------------------------------------------------------------------------------
 EQ/Caywood-Scholl High Yield Bond
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------
 EQ/Davis New York Venture
- ----------------------------------------------------------------------------------------------------------
  Unit value                                                                                       --
- ----------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              --
- ----------------------------------------------------------------------------------------------------------



                                                                             37



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- -------------------------------------------------------------------------------------------------------------------
                                                                                                 For the years
                                                                                              ending December 31,
                                                                                                2006       2005
- -------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Equity 500 Index
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 27.90     $ 24.71
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             16          18
- -------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.89     $  9.74
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.53     $  8.21
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              6           7
- -------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.49     $ 11.35
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             65          16
- -------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.79     $ 15.07
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             61          17
- -------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.41          --
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.80          --
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.52     $ 10.46
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.81     $ 21.28
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              6           6
- -------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.12     $ 11.46
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.14     $  6.19
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             33          35
- -------------------------------------------------------------------------------------------------------------------
 EQ/J.P. Morgan Core Bond
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.63     $ 13.35
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             38          51
- -------------------------------------------------------------------------------------------------------------------
 EQ/JP Morgan Value Opportunities
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.22     $ 12.89
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             16          17
- -------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.14     $ 10.63
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.95     $  9.96
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.14     $ 10.56
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.63     $ 10.52
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                                2004        2003        2002
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/Equity 500 Index
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.12     $ 22.31     $ 17.79
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             19          28          29
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.05     $  7.67     $  5.66
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              7           7           4
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.87     $  9.55     $  6.78
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             28          22          25
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.80     $ 11.94     $  9.13
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             32          39          40
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  5.88     $  5.34     $  4.33
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             36          38          47
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/J.P. Morgan Core Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.31     $ 13.04     $ 12.85
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             56          60          73
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/JP Morgan Value Opportunities
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.64     $ 11.62     $  9.34
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             22          25          29
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --          --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --          --
- -------------------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                             December
                                                                                               31,
                                                                                              2001
- -------------------------------------------------------------------------------------------------------
                                                                                          
 EQ/Equity 500 Index
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 23.37
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             11
- -------------------------------------------------------------------------------------------------------
 EQ/Evergreen International Bond
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/Evergreen Omega
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  7.59
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.48
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              5
- -------------------------------------------------------------------------------------------------------
 EQ/FI Mid Cap Value
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.91
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             14
- -------------------------------------------------------------------------------------------------------
 EQ/Franklin Income
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/Franklin Small Cap Value
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/GAMCO Mergers and Acquisitions
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/GAMCO Small Company Value
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/International Growth
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/Janus Large Cap Growth
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.33
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              6
- -------------------------------------------------------------------------------------------------------
 EQ/J.P. Morgan Core Bond
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.96
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             31
- -------------------------------------------------------------------------------------------------------
 EQ/JP Morgan Value Opportunities
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.77
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             19
- -------------------------------------------------------------------------------------------------------
 EQ/Legg Mason Value Equity
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/Long Term Bond
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Growth and Income
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------
 EQ/Lord Abbett Large Cap Core
- -------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- -------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- -------------------------------------------------------------------------------------------------------



38



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- ------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                              2006        2005
- ------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/Lord Abbett Mid Cap Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.25     $ 11.11
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              1          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.95     $ 14.88
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              4           5
- ------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 22.91     $ 19.32
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             12          19
- ------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 21.70     $ 17.60
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              8          10
- ------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.30     $ 13.52
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              1           1
- ------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.12     $  9.13
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             56           6
- ------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 25.51     $ 24.88
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              8          10
- ------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.69     $  4.43
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.69          --
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.07          --
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.91          --
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Cap
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.08          --
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  9.75     $  9.90
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              2           8
- ------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.14     $  9.94
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              7           8
- ------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 18.79     $ 16.42
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             16          26
- ------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.40     $  7.77
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- ------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- ------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.30     $ 14.12
- ------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              4           6
- ------------------------------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------------------------------------------------------
                                                                                            For the years ending December 31,
                                                                                               2004        2003       2002
- -------------------------------------------------------------------------------------------------------------------------------
                                                                                                            
 EQ/Lord Abbett Mid Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.70     $ 12.63    $  9.82
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             12          14          3
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 19.12     $ 17.63    $ 13.70
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             39          40         34
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.18     $ 13.56    $ 10.80
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             19          21         15
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.64     $ 11.44    $  9.02
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              1           3          2
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.68     $  7.94    $  6.64
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             12          12         15
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Money Market
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 24.71     $ 25.00    $ 25.34
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             10          21        115
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.28          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Cap
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.99     $ 13.92    $ 10.33
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             36          44         43
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  7.37          --         --
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --         --
- -------------------------------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- -------------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.80     $ 11.95    $  8.35
- -------------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              6          13         14
- -------------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                             December
                                                                                               31,
                                                                                               2001
- --------------------------------------------------------------------------------------------------------
                                                                                          
 EQ/Lord Abbett Mid Cap Value
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/Marsico Focus
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.32
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              2
- --------------------------------------------------------------------------------------------------------
 EQ/Mercury Basic Value Equity
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 16.76
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              9
- --------------------------------------------------------------------------------------------------------
 EQ/Mercury International Value
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.20
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             18
- --------------------------------------------------------------------------------------------------------
 EQ/MFS Emerging Growth Companies
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.00
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              1
- --------------------------------------------------------------------------------------------------------
 EQ/MFS Investors Trust
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  8.56
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              6
- --------------------------------------------------------------------------------------------------------
 EQ/Money Market
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 25.51
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            217
- --------------------------------------------------------------------------------------------------------
 EQ/Montag & Caldwell Growth
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/Mutual Shares
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Global
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Opportunity
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/Oppenheimer Main Street Cap
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/PIMCO Real Return
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/Short Duration Bond
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/Small Cap Value
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 12.22
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             14
- --------------------------------------------------------------------------------------------------------
 EQ/Small Company Growth
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --
- --------------------------------------------------------------------------------------------------------
 EQ/Small Company Index
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.77
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              1
- --------------------------------------------------------------------------------------------------------



                                                                             39



UNIT VALUES AND NUMBER OF UNITS OUTSTANDING AT YEAR END FOR EACH VARIABLE
INVESTMENT OPTION, EXCEPT FOR THOSE OPTIONS BEING OFFERED FOR THE FIRST TIME
AFTER DECEMBER 31, 2006.



- -------------------------------------------------------------------------------------------------------------------
                                                                                                For the years
                                                                                             ending December 31,
                                                                                              2006        2005
- -------------------------------------------------------------------------------------------------------------------
                                                                                                   
 EQ/TCW Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.18     $ 15.82
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.74          --
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  6.02     $  5.33
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                              3          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 11.81     $ 10.39
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --           2
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 17.89     $ 13.30
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 13.21     $ 12.33
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 14.15     $ 11.86
- -------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --          --
- -------------------------------------------------------------------------------------------------------------------


- -----------------------------------------------------------------------------------------------------------------------------
                                                                                           For the years ending December 31,
                                                                                                2004       2003       2002
- -----------------------------------------------------------------------------------------------------------------------------
                                                                                                           
 EQ/TCW Equity
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 15.50         --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $  4.99         --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 10.21     $ 8.42     $ 5.50
- -----------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- -----------------------------------------------------------------------------------------------------------------------------
  Unit value                                                                                      --         --         --
- -----------------------------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                             --         --         --
- -----------------------------------------------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------------------------------
                                                                                               For
                                                                                            the years
                                                                                             ending
                                                                                            December
                                                                                               31,
                                                                                              2001
- --------------------------------------------------------------------------------------------------------
                                                                                          
 EQ/TCW Equity
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            --
- --------------------------------------------------------------------------------------------------------
 EQ/Templeton Growth
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            --
- --------------------------------------------------------------------------------------------------------
 EQ/UBS Growth and Income
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            --
- --------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Comstock
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            --
- --------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Emerging Markets Equity
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                 $ 5.96
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            --
- --------------------------------------------------------------------------------------------------------
 EQ/Van Kampen Mid Cap Growth
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            --
- --------------------------------------------------------------------------------------------------------
 EQ/Wells Fargo Montgomery Small Cap
- --------------------------------------------------------------------------------------------------------
  Unit value                                                                                     --
- --------------------------------------------------------------------------------------------------------
  Number of units outstanding (000's)                                                            --
- --------------------------------------------------------------------------------------------------------



40




(16) HYPOTHETICAL ILLUSTRATIONS


ILLUSTRATION OF ACCOUNT VALUES, CASH VALUES AND CERTAIN GUARANTEED MINIMUM
                                   BENEFITS


The following tables illustrate the changes in account value, cash value and the
values of the "5% Roll-Up to age 80" guaranteed minimum death benefit, the
Protection Plus(SM) benefit and the Guaranteed minimum income benefit under
certain hypothetical circumstances for an Accumulator(R), Accumulator(R) Elite,
Accumulator(R) Plus(SM) and Accumulator(R) Select(SM) contracts, respectively.
The table illustrates the operation of a contract based on a male, issue age 60,
who makes a single $100,000 contribution, takes no withdrawals, and has a
current account value of $105,000 in contract year 3. For Accumulator(R)
Plus(SM) we assume a current account value of $110,000 in contract year 3. The
amounts shown are for the beginning of each contract year and assume that all of
the account value is invested in portfolios that achieve investment returns at
constant gross annual rates of 0% and 6% (i.e., before any investment management
fees, 12b-1 fees or other expenses are deducted from the underlying portfolio
assets). After the deduction of the arithmetic average of the investment
management fees, 12b-1 fees and other expenses of all of the underlying
Portfolios (as described below), the corresponding net annual rates of return
would be (2.84)% and 3.16% for the Accumulator(R) contracts; (3.09)% and 2.91%
for Accumulator(R) Elite(SM) contracts; (2.89)% and 3.11% for Accumulator(R)
Plus(SM) contracts; and (3.19)% and 2.81% for Accumulator(R) Select(SM)
contracts, respectively, at the 0% and 6% gross annual rates, respectively.
These net annual rates of return reflect the trust and separate account level
charges, but they do not reflect the charges we deduct from your account value
annually for the 5% Roll up to age 80 Guaranteed minimum death benefit,
Protection Plus(SM) benefit, and the Guaranteed minimum income benefit features,
as well as the annual administrative charge. If the net annual rates of return
did reflect these charges, the net annual rates of return shown would be lower;
however, the values shown in the following tables reflect all contract charges.
The values shown under "Lifetime Annual Guaranteed Minimum Income Benefit"
reflect the lifetime income that would be guaranteed if the Guaranteed minimum
income benefit is selected at that contract anniversary. An "N/A" in these
columns indicates that the benefit is not exercisable in that year. A "0" under
any of the death benefit and/or "Lifetime Annual Guaranteed Minimum Income
Benefit" columns indicates that the contract has terminated due to insufficient
account value and, consequently, the guaranteed benefit has no value.

With respect to fees and expenses deducted from assets of the underlying
portfolios, the amounts shown in all tables reflect (1) investment management
fees equivalent to an effective annual rate of 0.68%, and (2) an assumed
average asset charge for all other expenses of the underlying portfolios
equivalent to an effective annual rate of 0.36% and (3) 12b-1 fees equivalent
to an effective annual rate of 0.25%. These rates are the arithmetic average
for all portfolios that are available as investment options. In other words,
they are based on the hypothetical assumption that account values are allocated
equally among the variable investment options. The actual rates associated with
any contract will vary depending upon the actual allocation of policy values
among the investment options. These rates do not reflect expense limitation
arrangements in effect with respect to certain of the underlying portfolios as
described in the footnotes to the fee table for the underlying portfolios in
"Fee Table" earlier in this prospectus. With these arrangements, the charges
shown above would be lower. This would result in higher values than those shown
in the following tables.


Because your circumstances will no doubt differ from those in the illustrations
that follow, values under your contract will differ, in most cases
substantially. Upon request, we will furnish you with a personalized
illustration.

                                                                              41



Variable deferred annuity
Accumulator(R)
$100,000 Single contribution and no withdrawals
$105,000 year 3 account value
Male, issue age 60
Benefits:
  5% Roll-Up to age 80 Guaranteed minimum death benefit
  Protection Plus
  Guaranteed minimum income benefit




                                                             5% Roll-Up
                                                              to age 80                          Lifetime Annual
                                                             Guaranteed      Total Death Benefit    Guaranteed
                                                            Minimum Death      with Protection    Minimum Income
                    Account Value        Cash Value            Benefit              Plus             Benefit
        Contract ------------------------------------------------------------------------------------------------
Age       Year       0%        6%        0%        6%        0%        6%        0%        6%       0%       6%
- -----------------------------------------------------------------------------------------------------------------
                                                                         
  62        3     105,000  105,000    100,000  100,000   110,250   110,250   114,350   114,350     N/A      N/A
  63        4     101,467  107,754     97,467  103,754   115,763   115,763   122,068   122,068     N/A      N/A
  64        5      98,023  110,572     95,023  107,572   121,551   121,551   130,171   130,171     N/A      N/A
  65        6      94,666  113,455     92,666  111,455   127,628   127,628   138,679   138,679     N/A      N/A
  66        7      91,391  116,404     90,391  115,404   134,010   134,010   147,613   147,613     N/A      N/A
  67        8      88,196  119,420     88,196  119,420   140,710   140,710   156,994   156,994     N/A      N/A
  68        9      85,077  122,504     85,077  122,504   147,746   147,746   166,844   166,844     N/A      N/A
  69       10      82,030  125,657     82,030  125,657   155,133   155,133   177,186   177,186     N/A      N/A
  74       15      67,769  142,488     67,769  142,488   197,993   197,993   237,190   237,190   12,493   12,493
  79       20      54,839  161,166     54,839  161,166   252,695   252,695   313,773   313,773   17,032   17,032
  84       25      43,263  182,193     43,263  182,193   265,330   265,330   331,462   331,462   22,818   22,818
  89       30      36,382  209,843     36,382  209,843   265,330   265,330   331,462   331,462     N/A      N/A
  94       35      31,188  242,719     31,188  242,719   265,330   265,330   331,462   331,462     N/A      N/A
  95       36      30,241  249,889     30,241  249,889   265,330   265,330   331,462   331,462     N/A      N/A
- -----------------------------------------------------------------------------------------------------------------



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.

42



Variable deferred annuity
Accumulator(R) Plus(SM)
$100,000 Single contribution and no withdrawals
$110,000 year 3 account value
Male, issue age 60
Benefits:
  5% Roll-Up to age 80 Guaranteed minimum death benefit
  Protection Plus




                                                                           5% Roll-Up
                                                                      to age 80 Guaranteed    Total Death Benefit
                         Account Value            Cash Value         Minimum Death Benefit    with Protection Plus
          Contract   ----------------------------------------------------------------------------------------------
Age        Year         0%          6%          0%          6%          0%           6%          0%         6%
- -------------------------------------------------------------------------------------------------------------------
                                                                               
  62          3       110,000    110,000      103,000    103,000      114,660     114,660     120,524     120,524
  63          4       106,607    113,194      100,607    107,194      120,393     120,393     128,550     128,550
  64          5       103,319    116,481       98,319    111,481      126,413     126,413     136,978     136,978
  65          6       100,133    119,863       96,133    115,863      132,733     132,733     145,827     145,827
  66          7        97,044    123,344       94,044    120,344      139,370     139,370     155,118     155,118
  67          8        94,051    126,926       92,051    124,926      146,338     146,338     164,874     164,874
  68          9        91,151    130,611       91,151    130,611      153,655     153,655     175,118     175,118
  69         10        88,339    134,404       88,339    134,404      161,338     161,338     185,873     185,873
  74         15        75,531    155,085       75,531    155,085      205,913     205,913     248,278     248,278
  79         20        64,580    178,947       64,580    178,947      262,803     262,803     327,924     327,924
  84         25        55,217    206,482       55,217    206,482      275,943     275,943     346,320     346,320
  89         30        47,211    238,253       47,211    238,253      275,943     275,943     346,320     346,320
  94         35        40,366    274,913       40,366    274,913      275,943     275,943     346,320     346,320
  95         36        39,121    282,896       39,121    282,896      275,943     275,943     346,320     346,320
- -------------------------------------------------------------------------------------------------------------------



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.

                                                                              43



Variable deferred annuity
Accumulator(R) Elite(SM)
$100,000 Single contribution and no withdrawals
$105,000 year 3 account value
Male, issue age 60
Benefits:
  5% Roll-Up to age 80 Guaranteed minimum death benefit
  Protection Plus
  Guaranteed minimum income benefit




                                                             5% Roll-Up
                                                              to age 80                          Lifetime Annual
                                                             Guaranteed      Total Death Benefit    Guaranteed
                                                            Minimum Death      with Protection    Minimum Income
                    Account Value        Cash Value            Benefit              Plus             Benefit
        Contract  ------------------------------------------------------------------------------------------------
Age       Year       0%        6%        0%        6%        0%        6%        0%        6%       0%       6%
- ------------------------------------------------------------------------------------------------------------------
                                                                         
  62        3     105,000  105,000     97,000    97,000  110,250   110,250   114,350   114,350     N/A      N/A
  63        4     101,205  107,492    101,205   107,492  115,763   115,763   122,068   122,068     N/A      N/A
  64        5      97,517  110,034     97,517   110,034  121,551   121,551   130,171   130,171     N/A      N/A
  65        6      93,932  112,627     93,932   112,627  127,628   127,628   138,679   138,679     N/A      N/A
  66        7      90,445  115,270     90,445   115,270  134,010   134,010   147,613   147,613     N/A      N/A
  67        8      87,053  117,965     87,053   117,965  140,710   140,710   156,994   156,994     N/A      N/A
  68        9      83,751  120,712     83,751   120,712  147,746   147,746   166,844   166,844     N/A      N/A
  69       10      80,535  123,511     80,535   123,511  155,133   155,133   177,186   177,186     N/A      N/A
  74       15      65,616  138,296     65,616   138,296  197,993   197,993   237,190   237,190   12,493   12,493
  79       20      52,289  154,406     52,289   154,406  252,695   252,695   313,773   313,773   17,032   17,032
  84       25      40,522  172,242     40,522   172,242  265,330   265,330   331,462   331,462   22,818   22,818
  89       30      33,595  195,939     33,595   195,939  265,330   265,330   331,462   331,462     N/A      N/A
  94       35      28,430  223,903     28,430   223,903  265,330   265,330   331,462   331,462     N/A      N/A
  95       36      27,496  229,958     27,496   229,958  265,330   265,330   331,462   331,462     N/A      N/A
- ------------------------------------------------------------------------------------------------------------------



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.

44



Variable deferred annuity
Accumulator(R) Select(SM)
$100,000 Single contribution and no withdrawals
$105,000 year 3 account value
Male, issue age 60
Benefits:
  5% Roll-Up to age 80 Guaranteed minimum death benefit
  Protection Plus
  Guaranteed minimum income benefit




                                                             5% Roll-Up
                                                              to age 80                          Lifetime Annual
                                                             Guaranteed      Total Death Benefit    Guaranteed
                                                            Minimum Death      with Protection    Minimum Income
                    Account Value        Cash Value            Benefit              Plus             Benefit
        Contract  ------------------------------------------------------------------------------------------------
Age      Year       0%        6%        0%        6%        0%        6%        0%        6%       0%       6%
- ------------------------------------------------------------------------------------------------------------------
                                                                         
  62        3     105,000  105,000    105,000  105,000   110,250   110,250   114,350   114,350     N/A      N/A
  63        4     101,100  107,387    101,100  107,387   115,763   115,763   122,068   122,068     N/A      N/A
  64        5      97,314  109,819     97,314  109,819   121,551   121,551   130,171   130,171     N/A      N/A
  65        6      93,639  112,297     93,639  112,297   127,628   127,628   138,679   138,679     N/A      N/A
  66        7      90,068  114,819     90,068  114,819   134,010   134,010   147,613   147,613     N/A      N/A
  67        8      86,599  117,387     86,599  117,387   140,710   140,710   156,994   156,994     N/A      N/A
  68        9      83,225  120,001     83,225  120,001   147,746   147,746   166,844   166,844     N/A      N/A
  69       10      79,944  122,661     79,944  122,661   155,133   155,133   177,186   177,186     N/A      N/A
  74       15      64,772  136,651     64,772  136,651   197,993   197,993   237,190   237,190   12,493   12,493
  79       20      51,299  151,775     51,299  151,775   252,695   252,695   313,773   313,773   17,032   17,032
  84       25      39,468  168,403     39,468  168,403   265,330   265,330   331,462   331,462   22,818   22,818
  89       30      32,534  190,623     32,534  190,623   265,330   265,330   331,462   331,462     N/A      N/A
  94       35      27,390  216,772     27,390  216,772   265,330   265,330   331,462   331,462     N/A      N/A
  95       36      26,463  222,418     26,463  222,418   265,330   265,330   331,462   331,462     N/A      N/A
- ------------------------------------------------------------------------------------------------------------------



The hypothetical investment results are illustrative only and should not be
deemed a representation of past or future investment results. Actual investment
results may be more or less than those shown and will depend on a number of
factors, including investment allocations made by the owner. The account value,
cash value and guaranteed benefits for a contract would be different from the
ones shown if the actual gross rate of investment return averaged 0% or 6% over
a period of years, but also fluctuated above or below the average for
individual contract years. We can make no representation that these
hypothetical investment results can be achieved for any one year or continued
over any period of time. In fact, for any given period of time, the investment
results could be negative.

                                                                              45



Appendix I
- --------------------------------------------------------------------------------
Dates of previous Prospectuses and Supplements




- ----------------------------------------------------------------------------------
                          Product Distributor
                          --------------------------------------------------------
                          AXA Advisors
                          --------------------------------------------------------
                          Prospectus and
 Product Name             SAI Dates         Supplement Dates
- ----------------------------------------------------------------------------------
                                      
 Income Manager(SM)       4/7/95            7/1/95; 9/28/95
 Accumulator(R)           11/1/95
 Income Manager(SM)       5/1/96
 Rollover IRA             10/17/96          2/10/97

                          5/1/97            5/1/97; 12/31/97; 5/1/98;
                                            1/4/99; 5/1/99; 5/1/00; 6/23/00;
                                            9/1/00; 2/9/01; 9/1/01; 1/14/02;
                                            2/22/02; 7/15/02; 8/20/02; 1/6/03;
                                            2/20/03; 5/15/03; 8/15/03; 11/24/03;
                                            2/1/04; 8/4/04; 8/10/04; 12/13/04;
                                            12/31/04 ; 5/9/05; 6/10/05; 6/17/05;
                                            7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                            8/25/06; 12/11/06
- ---------------------------------------------------------------------------------
                          12/31/97          12/31/97; 5/1/98; 1/4/99; 5/1/99;
                                            5/1/00; 6/23/00; 9/1/00; 2/9/01;
                                            9/1/01; 1/14/02; 2/22/02; 7/15/02;
                                            8/20/02; 1/6/03; 2/20/03; 5/15/03;
                                            8/15/03; 11/24/03; 2/1/04; 8/4/04;
                                            8/10/04; 12/13/04; 12/31/04 ; 5/9/05;
                                            6/10/05; 6/17/05; 7/25/05; 8/31/05;
                                            12/2/05; 2/8/06; 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------
 Accumulator(R)           5/1/98            5/1/98; 6/18/98; 11/30/98
 (IRA, NQ and QP)         (Accumulator      5/1/99; 5/1/00; 9/1/00; 2/9/01;
 Accumulator(R)           only)             9/1/01; 1/14/02; 2/22/02; 7/15/02;
 Select(SM)(IRA, NQ, QP)  5/1/99            8/20/02; 1/6/03; 2/20/03; 5/15/03;
                                            8/15/03; 11/24/03; 2/1/04; 8/4/04;
                                            8/10/04; 12/13/04; 12/31/04; 5/9/05;
                                            6/10/05; 6/17/05; 7/25/05; 8/31/05;
                                            12/2/05; 2/8/06; 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
                          Product Distributor
                          ------------------------------------------------------
                          AXA Distributors
                          ------------------------------------------------------
                          Prospectus and
 Product Name             SAI Dates        Supplement Dates
- --------------------------------------------------------------------------------
                                     
 Income Manager(SM)       4/7/95           7/1/95; 9/28/95
 Accumulator(R)           11/1/95
 Income Manager(SM)       10/16/96         2/10/97
 Rollover IRA             5/1/97           5/1/97
                          8/1/97
                          12/31/97         12/31/97; 5/1/98;
                                           1/4/99; 5/1/99; 5/1/00; 9/1/00;
                                           2/9/01; 9/1/01; 1/14/02;
                                           2/22/02; 7/15/02; 8/20/02;
                                           1/6/03; 2/20/03; 5/15/03;
                                           8/15/03; 11/24/03; 2/1/04;
                                           8/4/04; 8/10/04; 12/13/04;
                                           12/31/04; 5/9/05; 6/10/05;
                                           6/17/05; 7/25/05; 8/31/05;
                                           12/2/05; 2/8/06; 8/25/06;
                                           12/11/06
- --------------------------------------------------------------------------------
 Accumulator(R)            10/1/97(2)
 (IRA, NQ and QP)          12/31/97(2)
 Accumulator(R)            5/1/98          5/1/98; 6/18/98; 11/30/98;
 Select(SM)(IRA, NQ, QP)                   5/1/99; 5/1/00; 9/1/00; 2/9/01;
                                           9/1/01; 1/14/02; 2/22/02;
                                           7/15/02; 8/20/02; 1/6/03;
                                           2/20/03; 5/15/03; 8/15/03;
                                           11/24/03; 2/1/04; 8/4/04;
                                           8/10/04; 12/13/04; 12/31/04;
                                           5/9/05; 6/10/05; 6/17/05;
                                           7/25/05; 8/31/05; 12/2/05;
                                           2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------



1 Appendix I






- -----------------------------------------------------------------------------------------
                                 Product Distributor
                                 --------------------------------------------------------
                                 AXA Advisors
                                 --------------------------------------------------------
                                 Prospectus and
 Product Name                    SAI Dates         Supplement Dates
- -----------------------------------------------------------------------------------------
                                             
 Accumulator(R) Select(SM)        10/18/99(3)      3/20/00; 5/1/00; 6/23/00; 9/1/00;
 Accumulator(R)                                    10/13/00; 2/9/01; 9/1/01; 1/14/02;
 Accumulator(R) Select(SM) (2002                   2/22/02; 7/15/02; 8/20/02; 1/6/03;
 Series)                                           2/20/03; 5/15/03; 8/15/03; 11/24/03;
 Accumulator(R) (2002 Series)                      2/1/04; 8/4/04; 8/10/04; 12/13/04;
                                                   12/31/04; 5/9/05; 6/10/05; 6/17/05;
                                                   7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                                   8/25/06; 12/11/06
                                                   --------------------------------------
                                    5/1/00(3)      3/20/00; 6/23/00; 9/1/00; 9/6/00;
                                                   10/13/00; 2/9/01; 9/1/01; 1/14/02;
                                                   2/22/02; 7/15/02; 8/20/02; 1/6/03;
                                                   2/20/03; 5/15/03; 8/15/03; 11/24/03;
                                                   2/1/04; 8/4/04; 8/10/04; 12/13/04;
                                                   12/31/04; 5/9/05; 6/10/05; 6/17/05;
                                                   7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                                   8/25/06; 12/11/06
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
                                              Product Distributor
                                 -----------------------------------------------
                                               AXA Distributors
                                 -----------------------------------------------
                                 Prospectus and
 Product Name                    SAI Dates         Supplement Dates
- --------------------------------------------------------------------------------
                                            
 Accumulator(R) Select(SM)       5/1/99
 Accumulator(R)                  10/18/99         3/20/00; 5/1/00; 9/1/00;
 Accumulator(R) Select(SM)(2002                   10/13/00; 2/9/01; 9/1/01;
 Series)                                          1/14/02; 2/22/02; 7/15/02;
 Accumulator(R) (2002 Series)                     8/20/02; 1/6/03; 2/20/03;
                                                  5/15/03; 8/15/03; 11/24/03;
                                                  2/1/04; 8/4/04; 8/10/04;
                                                  12/13/04; 12/31/04; 5/9/05;
                                                  6/10/05; 6/17/05; 7/25/05;
                                                  8/31/05; 12/2/05; 2/8/06;
                                                  8/25/06; 12/11/06
- --------------------------------------------------------------------------------
                                 5/1/00           3/20/00; 9/1/00; 9/6/00;
                                                  10/13/00; 2/9/01; 9/1/01;
                                                  1/14/02; 2/22/02; 7/15/02;
                                                  8/20/02; 1/6/03; 2/20/03;
                                                  5/15/03; 8/15/03; 11/24/03;
                                                  2/1/04; 8/4/04; 8/10/04;
                                                  12/13/04; 12/31/04; 5/9/05;
                                                  6/10/05; 6/17/05; 7/25/05;
                                                  8/31/05; 12/2/05; 2/8/06;
                                                  8/25/06; 12/11/06
- --------------------------------------------------------------------------------



                                                                    Appendix I 2






- --------------------------------------------------------------------------------------------
                                 Product Distributor
                                 -----------------------------------------------------------
                                 AXA Advisors
                                 -----------------------------------------------------------
                                 Prospectus and
 Product Name                    SAI Dates          Supplement Dates
- --------------------------------------------------------------------------------------------
                                             
 Accumulator(R) Select(SM)         5/1/01(3)       5/1/01(1); 7/30/01(5); 9/1/01;
 Accumulator(R)                                    10/1/01(6); 12/14/01; 1/14/02; 2/22/02;
 Accumulator(R) Select(SM)(2002                    7/15/02; 8/20/02; 1/6/03; 2/20/03;
 Series)                                           5/15/03; 8/15/03; 11/24/03; 2/1/04;
 Accumulator(R) (2002 Series)                      8/4/04; 8/10/04; 12/13/04; 12/31/04;
                                                   5/9/05; 6/10/05; 6/17/05; 7/25/05;
                                                   8/31/05; 12/2/05; 2/8/06; 8/25/06;
                                                   12/11/06
- --------------------------------------------------------------------------------------------
                                  8/13/01(2)       9/1/01; 10/1/01(6); 12/14/01; 1/14/02;
                                                   2/22/02; 7/15/02; 8/20/02; 1/6/03;
                                                   2/20/03; 5/15/03; 8/15/03; 11/24/03;
                                                   2/1/04; 8/4/04; 8/10/04; 12/13/04;
                                                   12/31/04; 5/9/05; 6/10/05; 6/17/05;
                                                   7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                                   8/25/06; 12/11/06
- --------------------------------------------------------------------------------------------
                                   4/1/02(4)       4/3/02; 5/20/02(7); 6/7/02(2);
                                                   7/15/02; 8/5/02(5); 8/20/02; 11/11/02;
                                                   12/6/02; 12/09/02; 1/6/03; 2/4/03;
                                                   2/20/03; 5/15/03; 8/8/03(8); 8/15/03;
                                                   11/24/03; 2/1/04; 2/10/04; 8/4/04;
                                                   8/10/04; 12/13/04; 12/31/04; 5/9/05;
                                                   6/10/05; 6/17/05; 7/25/05; 8/31/05;
                                                   12/2/05; 2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------------------
                                   5/1/02(3)       5/1/02(1); 7/15/02; 8/20/02; 1/6/03;
                                                   2/20/03; 5/15/03; 8/15/03; 11/24/03;
                                                   2/1/04; 8/4/04; 8/10/04; 12/13/04;
                                                   12/31/04; 5/9/05; 6/10/05; 6/17/05;
                                                   7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                                   8/25/06; 12/11/06
- --------------------------------------------------------------------------------------------
                                   5/1/02(4)       5/20/02(7); 6/7/02(2); 7/15/02;
                                                   8/5/02(5); 8/20/02; 11/11/02; 12/6/02;
                                                   12/09/02; 1/6/03; 2/4/02; 2/20/03 ;
                                                   5/15/03; 8/8/03(8); 8/15/03; 11/24/03;
                                                   2/1/04; 2/10/04; 8/4/04; 8/10/04;
                                                   12/13/04; 12/31/04; 5/9/05; 6/10/05;
                                                   6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                   2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------------------
                                   5/1/03(4)       5/15/03; 8/8/03(8); 8/15/03; 11/24/03;
                                                   2/1/04; 2/10/04; 8/4/04; 8/10/04;
                                                   12/13/04; 12/31/04; 5/9/05; 6/10/05;
                                                   6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                   2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------------------
                                   5/1/04(4)       8/4/04; 8/10/04; 10/25/04(5); 12/13/04;
                                                   12/31/04; 5/9/05; 6/10/05; 6/17/05;
                                                   7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                                   8/25/06; 12/11/06


- ----------------------------------------------------------------------------------
                                 Product Distributor
                                 -------------------------------------------------
                                 AXA Distributors
                                 -------------------------------------------------
                                 Prospectus and
 Product Name                    SAI Dates        Supplement Dates
- ----------------------------------------------------------------------------------
                                            
 Accumulator(R) Select(SM)       5/1/01           5/1/01(1); 7/30/01(5);
 Accumulator(R)                                   9/1/01; 10/1/01(6); 12/14/01;
 Accumulator(R) Select(SM) (2002                  1/14/02; 2/22/02; 7/15/02;
 Series)                                          8/20/02; 1/6/03; 2/20/03;
 Accumulator(R) (2002 Series)                     5/15/03; 8/15/03; 11/24/03;
                                                  2/1/04; 8/4/04; 8/10/04;
                                                  12/13/04; 12/31/04; 5/9/05;
                                                  6/10/05; 6/17/05; 7/25/05;
                                                  8/31/05; 12/2/05; 2/8/06;
                                                  8/25/06; 12/11/06
- ----------------------------------------------------------------------------------
                                 N/A              N/A
- ----------------------------------------------------------------------------------
                                  4/1/02(4)       4/3/02; 5/20/02(7); 6/7/02(2);
                                                  7/15/02; 8/5/02(5); 8/20/02;
                                                  11/11/02; 12/6/02; 12/09/02;
                                                  1/6/03; 2/4/03; 2/20/03;
                                                  5/15/03; 8/8/03(8); 8/15/03;
                                                  11/24/03; 2/1/04; 2/10/04;
                                                  8/4/04; 8/10/04; 12/13/04;
                                                  12/31/04; 5/9/05; 6/10/05;
                                                  6/17/05; 7/25/05; 8/31/05;
                                                  12/2/05; 2/8/06; 8/25/06;
                                                  12/11/06
- ----------------------------------------------------------------------------------
                                  5/1/02(3)       5/1/02(1); 7/15/02; 8/20/02;
                                                  1/6/03; 2/20/03; 5/15/03;
                                                  8/15/03; 11/24/03; 2/1/04;
                                                  8/4/04; 8/10/04; 12/13/04;
                                                  12/31/04; 5/9/05; 6/10/05;
                                                  6/17/05; 7/25/05; 8/31/05;
                                                  12/2/05; 2/8/06; 8/25/06;
                                                  12/11/06
- ----------------------------------------------------------------------------------
                                  5/1/02(4)       5/20/02(7); 6/7/02(2); 7/15/02;
                                                  8/5/02(5); 8/20/02; 11/11/02;
                                                  12/06/02; 12/09/02; 1/6/03;
                                                  2/4/03; 2/20/03; 5/15/03;
                                                  8/8/03(8); 8/15/03; 11/24/03;
                                                  2/1/04; 2/10/04; 8/4/04;
                                                  8/10/04; 12/13/04; 12/31/04;
                                                  5/9/05; 6/10/05; 6/17/05;
                                                  7/25//05; 8/31/05; 12/2/05;
                                                  2/8/06; 8/25/06; 12/11/06
- ----------------------------------------------------------------------------------
                                  5/1/03(4)       5/15/03; 8/8/03(8); 8/15/03;
                                                  11/24/03; 2/1/04; 2/10/04;
                                                  8/4/04; 8/10/04; 12/13/04;
                                                  12/31/04; 5/9/05; 6/10/05;
                                                  6/17/05; 7/25/05; 8/31/05;
                                                  12/2/05; 2/8/06; 8/25/06;
                                                  12/11/06
- ----------------------------------------------------------------------------------
                                  5/1/04(4)       8/4/04; 8/10/04; 10/25/04(5);
                                                  12/13/04; 12/31/04; 5/9/05;
                                                  6/10/05; 6/17/05; 7/25/05;
                                                  8/31/05; 12/2/05; 2/8/06;
                                                  8/25/06; 12/11/06



3 Appendix I






- --------------------------------------------------------------------------------------
                           Product Distributor
                           -----------------------------------------------------------
                           AXA Advisors
                           -----------------------------------------------------------
                           Prospectus and
 Product Name              SAI Dates         Supplement Dates
- --------------------------------------------------------------------------------------
                                       
 Accumulator(R)            9/15/03           9/15/03(9); 11/24/03; 12/5/03; 1/23/04;
 (2004 Series)                               2/2/04; 2/10/04; 2/23/04(7);
                                             8/10/04; 12/13/04; 12/31/04; 12/2/05;
                                             2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------------
                           5/1/04            7/1/04; 7/19/04; 8/4/04; 8/10/04;
                                             10/25/04(11); 12/10/04(5); 12/13/04;
                                             12/21/04; 12/31/04; 5/9/05; 6/10/05;
                                             6/17/05; 7/25/05; 8/31/05; 11/1/05(14);
                                             12/2/05; 2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------------
Accumulator(R) Select(SM) 9/15/03            9/15/03(9); 11/24/03; 12/5/03; 2/10/04;
(2004 Series)                                2/23/04(7); 8/4/04; 8/10/04; 12/13/04;
                                             12/31/04; 5/9/05; 6/10/05; 6/17/05;
                                             7/25/05; 12/2/05; 2/8/06; 8/25/06;
                                             12/11/06
- --------------------------------------------------------------------------------------
                           5/1/04            7/1/04; 7/19/04; 8/4/04; 8/10/04;
                                             10/25/04(11); 12/10/04(5); 12/13/04;
                                             12/21/04; 12/31/04; 5/9/05; 6/10/05;
                                             6/17/05; 7/25/05; 8/31/05; 11/1/05(14);
                                             12/2/05; 2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
                           Product Distributor
                           -----------------------------------------------------
                           AXA Distributors
                           -----------------------------------------------------
                           Prospectus and
 Product Name              SAI Dates        Supplement Dates
- --------------------------------------------------------------------------------
                                      
 Accumulator(R)            9/15/03          9/15/03(9); 11/24/03; 12/5/03;
 (2004 Series)                              1/23/04; 2/2/04; 2/10/04(7);
                                            2/23/04(7); 4/23/04; 8/4/04;
                                            8/10/04; 12/13/04; 12/31/04;
                                            12/2/05; 2/8/06; 8/25/06;
                                            12/11/06
- --------------------------------------------------------------------------------
                           5/1/04           7/1/04; 7/19/04; 8/4/04;
                                            8/10/04; 10/25/04(11);
                                            12/10/04(5); 12/13/04; 12/21/04;
                                            12/31/04; 4/04/05; 5/9/05;
                                            6/10/05; 6/17/05; 7/25/05;
                                            8/31/05; 11/1/05(14); 12/2/05;
                                            2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------
 Accumulator(R) Select(SM) 9/15/03          9/15/03(9); 11/24/03; 12/5/03;
 (2004 Series)                              2/10/04; 2/23/04(7); 4/23/04;
                                            8/4/04; 8/10/04; 12/13/04;
                                            12/31/04; 5/9/05; 6/10/05;
                                            6/17/05; 7/25/05; 12/2/05;
                                            2/8/06; 8/25/06; 12/11/06
- --------------------------------------------------------------------------------
                           5/1/04           7/1/04; 7/19/04; 8/4/04;
                                            8/10/04; 10/25/04(11);
                                            12/10/04(5); 12/13/04;
                                            12/21/04; 12/31/04; 5/9/05;
                                            6/10/05; 6/17/05; 7/25/05;
                                            8/31/05;11/1/05(14); 12/2/05;
                                            2/8/06; 8/25/06; 12/11/06



                                                                    Appendix I 4






- -----------------------------------------------------------------------------------------
                               Product Distributor
                               ----------------------------------------------------------
                               AXA Advisors
                               ----------------------------------------------------------
                               Prospectus and
 Product Name                  SAI Dates         Supplement Dates
- -----------------------------------------------------------------------------------------
                                           
 Accumulator(R) Plus(SM)          9/2/99(3)      6/23/00; 9/1/00; 9/6/00; 10/13/00;
 Accumulator(R) Plus(SM) (2002  10/18/99(3)      2/9/01; 3/19/01; 7/30/01; 9/1/01;
 Series)                          5/1/00(3)      1/14/02; 2/22/02; 7/15/02; 8/20/02;
                                                 1/6/03; 2/20/03; 5/15/03; 8/15/03;
                                                 11/24/03; 2/1/04; 8/4/04; 8/10/04;
                                                 12/13/04; 12/31/04; 5/9/05; 6/10/05;
                                                 6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                 2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------------------
                                  5/1/01(3)      7/30/01(5); 9/1/01; 12/14/01; 1/14/02;
                                                 2/22/02; 7/15/02; 8/20/02; 1/6/03;
                                                 2/20/03; 5/15/03; 8/15/03; 11/24/03;
                                                 2/1/04; 8/4/04;8/10/04; 12/13/04;
                                                 12/31/04; 5/9/05; 6/10/05; 6/17/05;
                                                 7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                                 8/25/06; 12/11/06
- -----------------------------------------------------------------------------------------
                                  4/1/02(4)      4/3/02; 7/15/02; 8/5/02(5); 8/20/02;
                                                 11/11/02; 12/6/02; 12/9/02; 1/6/03;
                                                 2/4/03; 2/20/03; 5/15/03; 8/15/03;
                                                 11/24/03; 2/1/04; 2/10/04; 8/4/04;
                                                 8/10/04; 12/13/04; 12/31/04; 5/9/05;
                                                 6/10/05;6/17/05; 7/25/05; 8/31/05;
                                                 12/2/05; 2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------------------
                                  5/1/02(3)      7/15/02; 8/20/02; 1/6/03; 2/20/03;
                                                 5/15/03; 8/15/03; 11/24/03; 2/1/04;
                                                 2/10/04; 8/4/04; 8/10/04; 12/13/04;
                                                 12/31/04; 5/9/05; 6/10/05;
                                                 6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                 2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------------------
                                  5/1/02(4)      7/15/02; 8/5/02(5); 8/20/02; 11/11/02;
                                                 12/6/02; 12/9/02; 1/6/03; 2/4/03;
                                                 2/20/03; 5/15/03; 8/15/03; 11/24/03;
                                                 2/1/04; 2/10/04; 8/4/04; 8/10/04;
                                                 12/13/04; 12/31/04; 5/9/05; 6/10/05;
                                                 6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                 2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------------------
                                  5/1/03(4)      5/15/03; 6/20/03; 8/15/03; 11/24/03;
                                                 2/1/04; 2/10/04; 8/4/04; 8/10/04;
                                                 12/13/04; 12/31/04 ; 5/9/05; 6/10/05;
                                                 6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                 2/8/06; 8/25/06; 12/11/06


- -----------------------------------------------------------------------------
                               Product Distributor
                               ----------------------------------------------
                               AXA Distributors
                               ----------------------------------------------
                               Prospectus and
 Product Name                  SAI Dates        Supplement Dates
- -----------------------------------------------------------------------------
                                          
 Accumulator(R) Plus(SM)          8/2/99(3)     9/1/00; 9/6/00; 10/13/00;
 Accumulator(R) Plus(SM)(2002)  10/18/99(3)     2/9/01; 3/19/01; 7/30/01;
 Series)                          5/1/00(3)     9/1/01; 1/14/02; 2/22/02;
                                                7/15/02; 8/20/02; 1/6/03;
                                                2/20/03; 5/15/03; 8/15/03;
                                                11/24/03; 2/1/04; 8/4/04;
                                                8/10/04; 12/13/04; 12/31/04;
                                                5/9/05; 6/10/05; 6/17/05;
                                                7/25/05; 8/31/05; 12/2/05;
                                                2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------
                                  5/1/01(3)     5/1/01; 7/30/01(5); 9/1/01;-
                                                12/14/01; 1/14/02; 2/22/02;
                                                7/15/02; 8/20/02; 1/6/03;
                                                2/20/03; 5/15/03; 8/15/03;
                                                11/24/03; 2/1/04; 8/4/04;
                                                8/10/04; 12/13/04; 12/31/04;
                                                5/9/05; 6/10/05; 6/17/05;
                                                7/25/05; 8/31/05; 12/2/05;
                                                2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------
                                  4/1/02(4)     4/3/02; 7/15/02; 8/5/02(5);
                                                8/20/02; 11/11/02; 12/6/02;
                                                12/9/02; 1/6/03; 2/4/03;
                                                2/20/03; 5/15/03; 8/15/03;
                                                11/24/03; 2/1/04; 2/10/04;
                                                8/4/04; 8/10/04; 12/13/04;
                                                12/31/04; 5/9/05; 6/10/05;
                                                6/17/05; 7/25/05; 8/31/05;
                                                12/2/05; 2/8/06; 8/25/06;
                                                12/11/06
- -----------------------------------------------------------------------------
                                  5/1/02(3)     7/15/02; 8/20/02; 1/6/03;
                                                2/20/03; 5/15/03; 8/15/03;
                                                11/24/03; 2/1/04; 2/10/04;
                                                8/4/04; 8/10/04; 12/13/04;
                                                12/31/04; 5/9/05; 6/10/05;
                                                6/17/05; 7/25/05; 8/31/05;
                                                12/2/05; 2/8/06; 8/25/06;
                                                12/11/06
- -----------------------------------------------------------------------------
                                  5/1/02(4)     7/15/02; 8/5/02(5); 8/20/02;
                                                11/11/02; 12/6/02; 12/9/02;
                                                1/6/03; 2/4/03; 2/20/03;
                                                5/15/03; 8/15/03; 11/24/03;
                                                2/1/04; 2/10/04; 8/4/04;
                                                8/10/04; 12/13/04; 12/31/04;
                                                5/9/05; 6/10/05; 6/17/05;
                                                7/25/05; 8/31/05; 12/2/05;
                                                2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------
                                  5/1/03(4)     5/15/03; 6/20/03; 8/15/03;
                                                11/24/03; 2/1/04; 2/10/04;
                                                4/23/04; 8/4/04; 8/10/04;
                                                12/13/04; 12/31/04; 5/9/05;
                                                6/10/05; 6/17/05; 7/25/05;
                                                8/31/05; 12/2/05; 2/8/06;
                                                8/25/06; 12/11/06



5 Appendix I






- ------------------------------------------------------------------------------------------
                               Product Distributor
                               -----------------------------------------------------------
                               AXA Advisors
                               -----------------------------------------------------------
                               Prospectus and
 Product Name                  SAI Dates         Supplement Dates
- ------------------------------------------------------------------------------------------
                                           
 Accumulator(R) Plus(SM)        5/1/04(4)        8/4/04; 8/10/04; 10/25/04(5); 12/13/04;
 Accumulator(R) Plus(SM) (2002                   12/31/04; 5/9/05; 6/10/05;
 Series)                                         6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                 2/8/06; 8/25/06; 12/11/06
- ------------------------------------------------------------------------------------------
 Accumulator(R) Plus(SM)       9/15/03           9/15/03; 11/24/03; 12/5/03; 1/23/04;
 (2004 Series)                                   2/2/04; 2/10/04; 2/23/04(7); 6/21/04;
                                                 8/4/04; 8/10/04; 12/13/04; 12/31/04;
                                                 2/17/05; 5/1/05; 5/9/05; 6/10/05;
                                                 6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                 2/8/06; 2/17/06; 8/25/06; 12/11/06
- ------------------------------------------------------------------------------------------
                               5/1/04            6/21/04; 7/1/04; 7/19/04; 8/4/04;
                                                 8/10/04; 10/25/04(11); 12/10/04(5)(12);
                                                 12/13/04; 12/21/04; 12/31/04;
                                                 2/17/05; 5/1/05; 5/9/05; 6/10/05;
                                                 6/17/05; 7/25/05; 8/31/05; 11/1/05(14);
                                                 12/2/05; 2/8/06; 2/17/06; 8/25/06;
                                                 12/11/06
- ------------------------------------------------------------------------------------------
 Accumulator(R) Select(SM) II  N/A               N/A
- ------------------------------------------------------------------------------------------
 Accumulator(R) Elite(SM) II   N/A               N/A
- ------------------------------------------------------------------------------------------


- -------------------------------------------------------------------------------
                               Product Distributor
                               ------------------------------------------------
                               AXA Distributors
                               ------------------------------------------------
                               Prospectus and
 Product Name                  SAI Dates        Supplement Dates
- -------------------------------------------------------------------------------
                                          
 Accumulator(R) Plus(SM)        5/1/04(4)       8/4/04; 8/10/04; 10/25/04(5);
 Accumulator(R) Plus(SM)(2002)                  12/13/04; 12/31/04; 5/9/05;
 Series)                                        6/10/05; 6/17/05; 7/25/05;
                                                8/31/05; 12/2/05; 2/8/06;
                                                8/25/06; 12/11/06
- -------------------------------------------------------------------------------
 Accumulator(R) Plus(SM)       9/15/03          9/15/03; 11/24/03; 12/5/03;
 (2004 Series)                                  1/23/04; 2/2/04; 2/10/04;
                                                2/23/04(7) ; 4/23/04; 6/21/04;
                                                8/4/04; 8/10/04;12/13/04;
                                                12/31/04; 2/17/05; 5/1/05;
                                                5/9/05; 6/10/05; 6/17/05;
                                                7/25/05; 8/31/05; 12/2/05;
                                                2/8/06; 2/17/06; 8/25/06;
                                                12/11/06
- -------------------------------------------------------------------------------
                               5/1/04           6/21/04; 7/1/04; 7/19/04;
                                                8/4/04; 8/10/04; 10/25/04(11);
                                                12/10/04(5)(12); 12/13/04;
                                                12/21/04; 12/31/04; 2/17/05;
                                                4/04/05; 5/1/05; 5/9/05;
                                                6/10/05; 6/17/05; 7/25/05;
                                                8/31/05; 11/1/05(14); 12/2/05;
                                                2/8/06; 2/17/06; 8/25/06;
                                                12/11/06
- -------------------------------------------------------------------------------
 Accumulator(R) Select(SM) II  10/1/01          10/1/01(6); 12/14/01; 1/14/02;
                                                2/22/02 7/15/02; 8/20/02;
                                                1/6/03; 2/20/03; 5/15/03;
                                                8/15/03; 11/24/03; 2/1/04;
                                                8/4/04; 8/10/04; 12/13/04;
                                                12/31/04; 5/9/05; 6/10/05;
                                                6/17/05; 7/25/05; 8/31/05;
                                                12/2/05; 2/8/06; 8/25/06;
                                                12/11/06
- -------------------------------------------------------------------------------
 Accumulator(R) Elite(SM) II   10/1/01          10/1/01(7); 12/14/01; 1/14/02;
                                                2/22/02 7/15/02; 8/20/02;
                                                1/6/03; 2/20/03; 5/15/03;
                                                8/15/03; 11/24/03; 2/1/04;
                                                8/4/04; 8/10/04; 12/13/04;
                                                12/31/04; 5/9/05; 6/10/05;
                                                6/17/05; 7/25/05; 8/31/05;
                                                12/2/05; 2/8/06; 8/25/06;
                                                12/11/06
- -------------------------------------------------------------------------------



                                                                    Appendix I 6






- ----------------------------------------------------------------------------------------------
                                Product Distributor
                                --------------------------------------------------------------
                                AXA Advisors
                                --------------------------------------------------------------
                                Prospectus and
 Product Name                   SAI Dates         Supplement Dates
- ----------------------------------------------------------------------------------------------
                                            
 Accumulator(R) Elite(SM)        8/13/01(3)       9/1/01; 10/1/01(7); 12/14/01; 1/14/02;
 Accumulator(R) Elite(SM)(2002)                   2/22/02; 7/15/02; 8/20/02; 11/11/02;
 Series)                                          1/6/03; 2/20/03; 5/15/03; 8/15/03;
                                                  11/24/03; 2/1/04; 8/4/04; 8/10/04;
                                                  12/13/04; 12/31/04; 5/9/05; 6/10/05;
                                                  6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                  2/8/06; 8/25/06; 12/11/06
- ----------------------------------------------------------------------------------------------
                                  4/1/02(4)       4/3/02(5); 5/20/02(7); 7/15/02; 8/5/02(5);
                                                  8/20/02; 11/11/02; 12/6/02; 12/9/02;
                                                  1/6/03; 2/4/03; 2/20/03 ; 5/15/03;
                                                  8/15/03; 11/24/03; 2/1/04; 2/10/04;
                                                  8/4/04; 8/10/04; 12/13/04; 12/31/04;
                                                  5/9/05; 6/10/05; 6/17/05; 7/25/05;
                                                  8/31/05; 12/2/05; 2/8/06; 8/25/06;
                                                  12/11/06
- ----------------------------------------------------------------------------------------------
                                  5/1/02(3)       7/15/02; 8/20/02; 1/6/03; 2/20/03;
                                                  5/15/03; 8/15/03; 11/24/03; 2/1/04;
                                                  8/4/04; 8/10/04; 12/13/04; 12/31/04;
                                                  5/9/05; 6/10/05; 6/17/05; 7/25/05;
                                                  8/31/05; 12/2/05; 2/8/06; 8/25/06;
                                                  12/11/06
- ----------------------------------------------------------------------------------------------
                                  5/1/02(4)       5/20/02(7); 7/15/02; 8/5/02(5); 8/20/02;
                                                  11/11/02; 12/6/02; 12/9/02; 1/6/03;
                                                  2/4/03; 2/20/03; 5/15/03; 8/15/03;
                                                  11/24/03; 2/1/04; 2/10/04; 8/4/04;
                                                  8/10/04; 12/13/04; 12/31/04; 5/9/05;
                                                  6/10/05; 6/17/05; 7/25/05; 8/31/05;
                                                  12/2/05; 2/8/06; 8/25/06; 12/11/06
- ----------------------------------------------------------------------------------------------
                                  5/1/03(4)       5/15/03; 6/20/03; 8/15/03; 11/24/03;
                                                  2/1/04; 2/10/04; 8/4/04; 8/10/04;
                                                  12/13/04; 12/31/04; 5/9/05; 6/10/05;
                                                  6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                                  2/8/06; 8/25/06; 12/11/06
- ----------------------------------------------------------------------------------------------
                                  5/1/04(4)       8/4/04; 8/10/04; 10/25/04(5); 12/13/04;
                                                  12/31/04; 5/9/05; 6/10/05; 6/17/05;
                                                  7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                                  8/25/06; 12/11/06


                                Product Distributor
                                -------------------------------------------------
                                AXA Distributors
                                -------------------------------------------------
                                Prospectus and
 Product Name                   SAI Dates         Supplement Dates
- ---------------------------------------------------------------------------------
                                           
 Accumulator(R) Elite(SM)         8/13/01(3)     9/1/01; 10/1/01(7); 12/14/01;
 Accumulator(R) Elite(SM)(2002)                  1/14/02; 2/22/02; 7/15/02;
 Series)                                         8/20/02; 11/11/02; 1/6/03;
                                                 2/20/03; 5/15/03; 8/15/03;
                                                 11/24/03; 2/1/04; 8/4/04;
                                                 8/10/04; 12/13/04; 12/31/04;
                                                 5/9/05; 6/10/05; 6/17/05;
                                                 7/25/05; 8/31/05; 12/2/05;
                                                 2/8/06; 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------
                                  4/1/02(4)      4/3/02(5); 5/20/02(7); 7/15/02;
                                                 8/5/02(5); 8/20/02; 11/11/02;
                                                 12/6/02; 12/9/02; 1/6/03;
                                                 2/4/03; 2/20/03; 5/15/03;
                                                 8/15/03; 11/24/03; 2/1/04;
                                                 2/10/04 ; 8/4/04; 8/10/04;
                                                 12/13/04; 12/31/04; 5/9/05;
                                                 6/10/05; 6/17/05; 7/25/05;
                                                 8/31/05; 12/2/05; 2/8/06;
                                                 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------
                                  5/1/02(3)      7/15/02; 8/20/02; 1/6/03;
                                                 2/20/03; 5/15/03; 8/15/03;
                                                 11/24/03; 2/1/04; 8/4/04;
                                                 8/10/04; 12/13/04; 12/31/04;
                                                 5/9/05; 6/10/05; 6/17/05;
                                                 7/25/05; 8/31/05; 12/2/05;
                                                 2/8/06; 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------
                                  5/1/02(4)      5/20/02(7); 7/15/02; 8/5/02(5);
                                                 8/20/02; 11/11/02; 12/6/02;
                                                 12/9/02; 1/6/03; 2/4/03;
                                                 2/20/03; 5/15/03; 8/15/03;
                                                 11/24/03; 2/1/04; 2/10/04;
                                                 8/4/04; 8/10/04; 12/13/04;
                                                 12/31/04; 5/9/05; 6/10/05;
                                                 6/17/05; 7/25/05; 8/31/05;
                                                 12/2/05; 2/8/06; 8/25/06;
                                                 12/11/06
- ---------------------------------------------------------------------------------
                                  5/1/03(4)      5/15/03; 6/20/03; 8/15/03;
                                                 11/24/03; 2/1/04; 2/10/04;
                                                 4/23/04; 8/4/04;8/10/04;
                                                 12/13/04; 12/31/04; 5/9/05;
                                                 6/10/05; 6/17/05; 7/25/05;
                                                 8/31/05; 12/2/05; 2/8/06;
                                                 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------
                                  5/1/04(4)      8/4/04; 8/10/04; 10/25/04(5);
                                                 12/13/04; 12/31/04; 5/9/05;
                                                 6/10/05; 6/17/05; 7/25/05;
                                                 8/31/05; 12/2/05; 2/8/06;
                                                 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------



7 Appendix I






- ---------------------------------------------------------------------------------------
                            Product Distributor
                            -----------------------------------------------------------
                            AXA Advisors
                            -----------------------------------------------------------
                            Prospectus and
 Product Name               SAI Dates         Supplement Dates
- ---------------------------------------------------------------------------------------
                                        
 Accumulator(R) Elite(SM)   9/15/03           9/15/03(10); 11/24/03; 12/5/03;
 (2004 Series)                                1/23/04; 2/2/04; 2/10/04; 2/23/04(7);
                                              8/4/04; 8/10/04; 12/13/04; 12/31/04;
                                              5/9/05; 6/10/05; 6/17/05;
                                              7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                              8/25/06; 12/11/06
- ---------------------------------------------------------------------------------------
                            5/1/04            7/1/04; 7/19/04; 8/4/04; 8/10/04;
                                              10/25/04(11); 12/10/04(5); 12/13/04;
                                              12/21/04; 12/31/04; 5/9/05; 6/10/05;
                                              6/17/05; 7/25/05; 8/31/05; 11/1/05(14);
                                              12/2/05; 2/8/06; 8/25/06; 12/11/06
- ----------------------------------------------------------------------------------------
 Accumulator(R) Advisor(SM) 11/17/00          2/9/01; 3/19/01; 7/30/01(5); 9/1/01;
                                              12/14/01; 1/14/02; 2/22/02; 7/15/02;
                                              8/20/02; 11/11/02; 1/6/03; 2/20/03;
                                              5/15/03; 8/15/03; 11/24/03; 2/1/04;
                                              8/4/04; 12/13/04; 6/10/05; 6/17/05;
                                              7/25/05; 8/31/05; 12/2/05; 2/8/06;
                                              8/25/06; 12/11/06
- ---------------------------------------------------------------------------------------
                            5/1/01            9/1/01; 12/14/01; 1/14/02; 2/22/02;
                                              7/15/02; 8/20/02; 11/11/02; 1/6/03;
                                              2/20/03; 5/15/03; 8/15/03; 11/24/03;
                                              2/1/04; 8/4/04; 12/13/04; 6/10/05;
                                              6/17/05; 7/25/05; 8/31/05; 12/2/05;
                                              2/8/06; 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------------
                            5/1/02            5/1/02; 7/15/02; 8/20/02; 11/11/02;
                                              1/6/03; 2/20/03; 5/15/03; 8/15/03;
                                              11/24/03; 2/1/04 ; 8/4/04; 12/13/04;
                                              6/10/05; 6/17/05; 7/25/05; 8/31/05;
                                              12/2/05; 2/8/06; 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------------
                            5/1/03            5/15/03; 8/15/03; 11/24/03; 12/23/03;
                                              2/1/04; 2/10/04; 8/4/04;12/13/04;
                                              6/10/05; 6/17/05; 7/25/05; 8/31/05;
                                              12/2/05; 2/8/06; 8/25/06; 12/11/06
- ---------------------------------------------------------------------------------------
                            5/1/04            7/1/04; 8/4/04; 10/25/04; 12/10/04;
                                              12/13/04; 6/10/05; 6/17/05; 7/25/05;
                                              8/31/05; 12/2/05; 2/8/06; 8/25/06;
                                              12/11/06
- ---------------------------------------------------------------------------------------


                            Product Distributor
                            -------------------------------------------------
                            AXA Distributors
                            -------------------------------------------------
                            Prospectus and
 Product Name               SAI Dates        Supplement Dates
- -----------------------------------------------------------------------------
                                       
 Accumulator(R) Elite(SM)   9/15/03          9/15/03(10); 11/24/03; 12/5/03;
 (2004 Series)                               2/2/04; 1/23/04; 2/10/04;
                                             2/23/04(7); 4/23/04; 8/4/04;
                                             8/10/04; 12/13/04;12/31/04;
                                             5/9/05; 6/10/05; 6/17/05;
                                             7/25/05; 8/31/05; 12/2/05;
                                             2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------
                            5/1/04           7/1/04; 7/19/04; 8/4/04;
                                             8/10/04; 10/25/04(11);
                                             12/10/04(5); 12/13/04;
                                             12/21/04; 12/31/04; 5/1/05(13);
                                             5/9/05; 6/10/05; 6/17/05;
                                             7/25/05; 8/31/05; 11/1/05(14);
                                             12/2/05; 2/8/06; 8/25/06;
                                             12/11/06
- -----------------------------------------------------------------------------
 Accumulator(R) Advisor(SM) 5/15/00          9/1/00; 9/6/00; 2/9/01;
                                             7/30/01(5); 9/1/01; 12/14/01;
                                             1/14/02; 2/22/02; 7/15/02;
                                             8/20/02; 1/6/03; 2/20/03;
                                             5/15/03; 8/15/03; 11/24/03;
                                             2/1/04; 8/4/04; 12/13/04;
                                             6/10/05; 6/17/05; 7/25/05;
                                             8/31/05; 12/2/05; 2/8/06;
                                             8/25/06; 12/11/06
- -----------------------------------------------------------------------------
                            5/1/01           9/1/01; 12/14/01; 1/14/02;
                                             2/22/02; 7/15/02; 8/20/02;
                                             1/6/03; 2/20/03; 5/15/03;
                                             8/15/03; 11/24/03; 2/1/04;
                                             8/4/04; 12/13/04; 6/10/05;
                                             6/17/05; 7/25/05; 8/31/05;
                                             12/2/05; 2/8/06; 8/25/06;
                                             12/11/06
- -----------------------------------------------------------------------------
                            5/1/02           7/15/02; 8/5/02; 8/20/02;
                                             12/16/02; 1/6/03; 2/20/03;
                                             5/15/03; 8/15/03; 11/24/03;
                                             2/1/04 ; 8/4/04; 12/13/04;
                                             6/10/05; 6/17/05; 7/25/05;
                                             8/31/05; 12/2/05; 2/8/06;
                                             8/25/06; 12/11/06
- -----------------------------------------------------------------------------
                            5/1/03           5/15/03; 8/15/03; 11/24/03;
                                             12/23/03; 2/1/04; 2/10/04;
                                             8/4/04; 12/13/04; 6/10/05;
                                             6/17/05; 7/25/05; 8/31/05;
                                             12/2/05; 2/8/06; 8/25/06;
                                             12/11/06
 -----------------------------------------------------------------------------
                            5/1/04           7/1/04; 8/4/04; 10/25/04;
                                             12/10/04; 12/13/04; 6/10/05;
                                             6/17/05; 7/25/05; 8/31/05;
                                             12/2/05; 2/8/06; 8/25/06;
                                             12/11/06



                                                                    Appendix I 8






- -----------------------------------------------------------------------------------------------------------------
                                                             Product Distributor
                            -------------------------------------------------------------------------------------
                            AXA Advisors                          AXA Distributors
                            ------------------------------------- -----------------------------------------------
                            Prospectus and                        Prospectus and
 Product Name               SAI Dates         Supplement Dates    SAI Dates        Supplement Dates
- -----------------------------------------------------------------------------------------------------------------
                                                                       
 Accumulator(R) Express(SM) N/A               N/A                 9/2/99
                                                                  10/18/99
                                                                  5/1/00           9/1/00; 9/6/00; 2/9/01;
                                                                                   7/30/01(5); 9/1/01; 12/14/01;
                                                                                   1/14/02; 2/22/02; 7/15/02;
                                                                                   8/20/02; 1/6/03; 5/15/03;
                                                                                   8/15/03; 11/24/03; 2/1/04;
                                                                                   8/4/04; 12/13/04; 6/10/05;
                                                                                   6/17/05; 7/25/05; 8/31/05;
                                                                                   12/2/05; 2/8/06; 8/25/06;
                                                                                   12/11/06
- -----------------------------------------------------------------------------------------------------------------
                                                                  5/1/01           7/30/01(5); 9/1/01; 1/14/02;
                                                                                   2/22/02; 7/15/02; 8/20/02;
                                                                                   1/6/03; 5/15/03; 8/15/03;
                                                                                   11/24/03; 2/1/04; 8/4/04;
                                                                                   12/13/04; 6/10/05; 6/17/05;
                                                                                   7/25/05; 8/31/05; 12/2/05;
                                                                                   2/8/06; 8/25/06; 12/11/06
- -----------------------------------------------------------------------------------------------------------------
                                                                  5/1/03           5/15/03; 8/15/03; 11/24/03;
                                                                                   12/23/03; 2/1/04; 2/10/04;
                                                                                   8/4/04; 12/13/04; 6/10/05;
                                                                                   6/17/05; 7/25/05; 8/31/05;
                                                                                   12/2/05; 2/8/06; 8/25/06;
                                                                                   12/11/06



(1)  applies to Accumulator(R) contracts issued in Oregon only.

(2)  applies to Accumulator(R) Select(SM) only.

(3)  applies to non-2002 Series only.

(4)  applies to 2002 Series only.

(5)  applies to contracts issued in Washington only.

(6)  applies to Accumulator(R) Select(SM) and Select(SM) II contracts issued in
     New York only.

(7)  applies to contracts issued in New York only.

(8)  applies to Accumulator(R) only.

(9)  There are two supplements dated 9/15/03 for Accumulator(R) and
     Accumulator(R) Select(SM).

(10) There are three supplements dated 9/15/03 for Accumulator(R)Elite(SM).

(11) There are three supplements dated 10/25/04 that apply to 2004 Series.

(12) applies to Accumulator(R) Plus(SM) contracts issued in Oregon only.

(13) There are two supplements dated 5/1/05 that apply for Accumulator(R) and
     Accumulator(R) Elite(SM).

(14) applies to contracts issued 1/1/05 and later.

9 Appendix I



Statement of additional information
- --------------------------------------------------------------------------------
TABLE OF CONTENTS

                                                                            Page


Who is AXA Equitable?                                                        2
Custodian and Independent Registered Public Accounting Firm                  2

Distribution of the Contracts                                                2
Calculating Unit Values                                                      2
Condensed Financial Information                                              2
Financial Statements                                                         3

How to obtain an Accumulator(R) Statement of Additional Information

Send this request form to:
 Accumulator(R)
 P.O. Box 1547
 Secaucus, NJ 07096-1547

- --------------------------------------------------------------------------------


Please send me a combined Accumulator(R) series SAI dated May 1, 2007


- --------------------------------------------------------------------------------
Name

- --------------------------------------------------------------------------------
Address

- --------------------------------------------------------------------------------
City           State    Zip


                                                                         SAI 13A
                                                                          x01478






Income Manager(SM)

Payout annuity contracts


PROSPECTUS DATED MAY 1, 2007


Please read and keep this prospectus for future reference. It contains
important information that you should know before purchasing or taking any
other action under your contract.

- --------------------------------------------------------------------------------

WHAT IS INCOME MANAGER(SM)?

Income Manager(SM) contracts are payout annuity contracts issued by AXA
Equitable Life Insurance Company. They are designed to provide retirement
income. We offer two versions of the Income Manager(SM) payout annuity contract
from which you may choose to receive your retirement income. You may choose to
receive income payable for a specified period ("period certain"). Or, you may
choose to receive lifetime income payable for at least a specified period ("life
annuity with a period certain"). Under the life annuity with a period certain
contract, you may choose whether payments are made on a single life or a joint
and survivor life basis. In certain circumstances, the forms of annuity
available under your Income Manager(SM) contract may be limited.


Types of contracts. We offer the contracts for use as:

o  A nonqualified annuity ("NQ") for after-tax contributions only.

o  A traditional individual retirement annuity ("IRA").


o  A GMIB Income Manager(SM) payout annuity issued upon exercise of the
   guaranteed minimum income benefit under an Accumulator(R) series contract
   ("GMIB Income Manager(SM) contract"). A GMIB Income Manager(SM) contract can
   be used as an NQ and a traditional IRA, as well as a Roth IRA contract ("Roth
   IRA").


Generally, a contribution of at least $10,000 is required to purchase a
contract.

Fixed maturity options. We allocate your contributions to a series of fixed
maturity options to provide your income payments during the period certain.
Amounts allocated to each fixed maturity option will receive a fixed rate of
interest during the period certain. Interest is earned at a guaranteed rate we
set ("rate to maturity"). We make a market value adjustment (up or down) if you
make a withdrawal from a fixed maturity option before its maturity date.

A registration statement relating to this offering has been filed with the
Securities and Exchange Commission ("SEC"). This prospectus can be obtained
from the SEC's website at www.sec.gov.



The SEC has not approved or disapproved these securities or determined if this
prospectus is accurate or complete. Any representation to the contrary is a
criminal offense. The contracts are not insured by the FDIC or any other
agency. They are not deposits or other obligations of any bank and are not bank
guaranteed. They are subject to investment risks and possible loss of
principal.


                                                                          x01476




Contents of this prospectus
- --------------------------------------------------------------------------------

INCOME MANAGER(SM)
- --------------------------------------------------------------------------------

Index of key words and phrases                                               4
Who is AXA Equitable?                                                        5
How to reach us                                                              6

Income Manager(SM) at a glance -- key features                               7



- --------------------------------------------------------------------------------
1. CONTRACT FEATURES AND BENEFITS                                            9
- --------------------------------------------------------------------------------
How you can purchase and contribute to your contract                         9

Source of contributions (not applicable to GMIB Income
     Manager(SM) contract)                                                   9

Owner and annuitant requirements                                             9
What are your investments under the contract?                                9
What are your contract choices?                                             10
Life annuity with a period certain contract                                 10

Period certain contract (not available if you are purchasing
     a GMIB Income Manager(SM) contract)                                    15



- --------------------------------------------------------------------------------
2. OTHER BENEFITS AND FEATURES OF THE CONTRACTS                             17
- --------------------------------------------------------------------------------
How you can make your contributions                                         17
Your right to cancel within a certain number of days                        17
Surrendering your contract to receive its cash value                        17
When to expect payments                                                     18


- --------------------------------------------------------------------------------
3. CHARGES                                                                  19
- --------------------------------------------------------------------------------
Withdrawal charges                                                          19
Amounts applied from other contracts issued by
     AXA Equitable                                                          19
Charges for state premium and other applicable taxes                        19
Group or sponsored arrangements                                             19
Other distribution arrangements                                             20


- --------------------------------------------------------------------------------
4. PAYMENT OF DEATH BENEFIT                                                 21
- --------------------------------------------------------------------------------
Your beneficiary                                                            21

Your annuity payout options (not including GMIB Income
     Manager(SM) contracts)                                                 21




- -----------------
"We," "our" and "us" refer to AXA Equitable. "Financial professional" means the
registered representative who is offering you this contract.

When we address the reader of this prospectus with words such as "you" and
"your," we mean the person who has the right or responsibility that the
prospectus is discussing at that point. This is usually the contract owner.

When we use the word "contract" it also includes certificates that are
issued under group contracts in some states.

2  Contents of this prospectus



- --------------------------------------------------------------------------------
5. TAX INFORMATION                                                          22
- --------------------------------------------------------------------------------
Overview                                                                    22
Taxation of nonqualified annuities                                          22
Special rules for NQ contracts issued in Puerto Rico                        23
Individual retirement arrangements ("IRAs")                                 23
Traditional individual retirement annuities
     ("traditional IRAs")                                                   24
Federal and state income tax withholding and
     information reporting                                                  29


- --------------------------------------------------------------------------------
6. MORE INFORMATION                                                         30
- --------------------------------------------------------------------------------
About our fixed maturity options                                            30
About the separate account for the fixed maturity
     options                                                                30
About our general account                                                   30
Other methods of payment                                                    30
About payments under period certain contracts                               31
Dates and prices at which contract events occur                             31
About legal proceedings                                                     31
Transfers of ownership, collateral assignments, loans,
     and borrowing                                                          31
Distribution of contracts                                                   31


- --------------------------------------------------------------------------------
7. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                          33
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
APPENDIX: MARKET VALUE ADJUSTMENT
     EXAMPLE                                                                A-1
- --------------------------------------------------------------------------------

                                                  Contents of this prospectus  3



Index of key words and phrases

- --------------------------------------------------------------------------------
This index should help you locate more information on the terms used in this
prospectus.




                                          Page
   account value                            14
   annuitant                                 9
   beneficiary                              21
   business day                             17
   cash value                               17
   contract date                             8
   contract date anniversary                 8
   contract year                             8
   contribution                              9
   deferral period                          12
   fixed maturity amount                     9
   fixed maturity options                cover
   IRA                                   cover
   IRS                                      22
   joint and survivor                       10
   joint owners                              9


                                          Page

   life annuity with a period certain       10
   life contingent annuity                  11
   market adjusted amount                   10
   market value adjustment                  10
   maturity value                            9
   off maturity date                        10
   NQ                                    cover
   payout options                           21
   period certain                           10
   Processing Office                         6
   rate to maturity                         10
   Roth IRA                              cover
   SEC                                   cover
   separate account                         30
   single life                              10
   traditional IRA                       cover


To make this prospectus easier to read, we sometimes use different words than
in the contract or supplemental materials. This is illustrated below. Although
we use different words, they have the same meaning in the prospectus as in the
contract or supplemental materials. Your financial professional can provide
further explanation about your contract.




- -----------------------------------------------------------------------------------------------------
 Prospectus                    Contract or Supplemental Materials
- -----------------------------------------------------------------------------------------------------
                            
  fixed maturity amount        Guaranteed Period Amount
  fixed maturity options       Guarantee Periods
                               (Guaranteed Interest Rate Options ("GIRO's") in supplemental materials)
  off maturity date payments   Modal Payment Portion
  market adjusted amount       annuity account value
  maturity date                Expiration Date
  rate to maturity             Guaranteed Rate
- -----------------------------------------------------------------------------------------------------


4 Index of key words and phrases



Who is AXA Equitable?

- --------------------------------------------------------------------------------
We are AXA Equitable Life Insurance Company ("AXA Equitable") (until 2004, The
Equitable Life Assurance Society of the United States), a New York stock life
insurance corporation. We have been doing business since 1859. AXA Equitable is
an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company,
which is itself an indirect, wholly-owned subsidiary of AXA. AXA is a French
holding company for an international group of insurance and related financial
services companies. As the ultimate sole shareholder of AXA Equitable, and
under its other arrangements with AXA Equitable and AXA Equitable's parent, AXA
exercises significant influence over the operations and capital structure of
AXA Equitable and its parent. AXA holds its interest in AXA Equitable through a
number of other intermediate holding companies, including Oudinot
Participations, AXA America Holdings Inc. and AXA Financial Services, LLC. AXA
Equitable is obligated to pay all amounts that are promised to be paid under
the contracts. No company other than AXA Equitable, however, has any legal
responsibility to pay amounts that AXA Equitable owes under the contracts.


AXA Financial, Inc. and its consolidated subsidiaries managed approximately
$795 billion in assets as of December 31, 2006. For more than 100 years AXA
Equitable has been among the largest insurance companies in the United States.
We are licensed to sell life insurance and annuities in all fifty states, the
District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our home office
is located at 1290 Avenue of the Americas, New York, NY 10104.


                                                        Who is AXA Equitable?  5



HOW TO REACH US

You may communicate with our processing office as listed below for the purposes
described. Certain methods of contacting us, such as by telephone or
electronically may be unavailable or delayed (for example our facsimile service
may not be available at all times and/or we may be unavailable due to emergency
closing). In addition, the level and type of service available may be
restricted based on criteria established by us.




- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------
AXA Equitable
Income Manager(SM)
P.O. Box 13014
Newark, NJ 07188-0014



- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITH CHECKS AND ADDI-
 TIONAL CONTRIBUTIONS SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------

AXA Equitable

Income Manager(SM)
c/o JPMorgan Chase -- Remit One Lockbox Processing

Lockbox No. 13014
4 Chase Metrotech Center, 7th Floor West
Brooklyn, NY 11245-0001
Attn: Remit One Lockbox




- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR WITHDRAWALS,
 OR REQUIRED NOTICES) SENT BY REGULAR MAIL:
- --------------------------------------------------------------------------------
AXA Equitable
Income Manager(SM)
P.O. Box 1547

Secaucus, NJ 07096-1547




- --------------------------------------------------------------------------------
 FOR NEW BUSINESS APPLICATIONS WITHOUT CHECKS AND ALL
 OTHER COMMUNICATIONS (E.G., REQUESTS FOR WITHDRAWALS,
 OR REQUIRED NOTICES) SENT BY EXPRESS DELIVERY:
- --------------------------------------------------------------------------------
AXA Equitable
Income Manager(SM)
200 Plaza Drive, 1st Floor
Secaucus, NJ 07094



- --------------------------------------------------------------------------------
 CUSTOMER SERVICE REPRESENTATIVES:
- --------------------------------------------------------------------------------
You may also use our toll-free number (1-800-789-7771) to speak with one of our
customer service representatives. Our customer service representatives are
available on each business day from 8:30 a.m. until 5:30 p.m., Eastern Time.



- --------------------------------------------------------------------------------
 REPORTS WE PROVIDE:
- --------------------------------------------------------------------------------
o  Statement of your contract values at the close of each calendar year and any
   calendar quarter in which there was a financial transaction; and

o  Written confirmation of financial transactions.

You should send all contributions, required notices, and requests to exercise
any of your rights or privileges to our Processing Office at the address above.


WE HAVE SPECIFIC FORMS THAT WE RECOMMEND YOU USE FOR THE FOLLOWING TYPES OF
REQUESTS:

(1) address changes;

(2) beneficiary changes;

(3) withdrawal requests; and

(4) contract surrender.

You must sign and date all these requests. Any written request that is not on
one of our forms must include your name and your contract number along with
adequate details about the notice you wish to give or the action you wish us to
take.

SIGNATURES:

The proper person to sign forms, notices and requests is normally the owner. If
there are joint owners, both must sign.



6  Who is AXA Equitable?




Income Manager(SM) at a glance -- key features





- --------------------------------------------------------------------------------
                                           Income Manager(SM)
                                           (life annuity with
                                            a period certain)
- --------------------------------------------------------------------------------
                             
Income payments                 NQ -- Level or increasing payments.
                                IRA -- Level payments only.
- --------------------------------------------------------------------------------
Period certain                  You will receive payments for periods
                                ranging from 7 to 15 years depending on
                                the age of the annuitant.
- --------------------------------------------------------------------------------
Form of payment available       Single life or joint and survivor.
- --------------------------------------------------------------------------------
Payments after the end of the   Payments continue while the
period certain                  annuitant or joint annuitant is living.
- --------------------------------------------------------------------------------
Contribution amounts:
 Initial minimum:               o $10,000
 Additional minimum:            o $1,000 (subject to restrictions)

                                Maximum contribution limitations may
                                apply.
- --------------------------------------------------------------------------------
Fixed maturity options          o Up to 15 fixed maturity options with
                                  maturities generally ranging from
                                  approximately 1 to 15 years.

                                o Each fixed maturity option offers a
                                  guarantee of principal and interest rate if
                                  you hold it to maturity.

                                o Principal guarantees.
                                     -- If you make withdrawals from a fixed
                                        maturity option before maturity, there
                                        will be a market value adjustment due to
                                        differences in interest rates. If you
                                        withdraw only a portion of a fixed
                                        maturity amount, this may increase or
                                        decrease any value you have left in that
                                        fixed maturity option. If you surrender
                                        your contract, a market value adjustment
                                        may also apply.
- --------------------------------------------------------------------------------
Taxes                           Generally, earnings will be taxed at your
                                ordinary income tax rate when distributions
                                are made from your contract.

                                o NQ -- A portion of each payment is
                                  generally not considered taxable income
                                  until you have received a tax-free recovery
                                  of your investment in the contract.

                                o IRA -- Generally, all amounts distributed
                                  from a traditional IRA are taxable. Amounts
                                  distributed from a Roth IRA are
                                  generally taxable on an income-last basis
                                  and may be eligible for tax-free treatment
                                  under certain
                                  circumstances.
                                ------------------------------------------------
                                This contract is intended to be a payout
                                annuity. However, there may be some
                                instances where you can delay beginning
                                payments, so IRS rules governing deferred
                                annuity payments could apply.
- --------------------------------------------------------------------------------
Death benefit                   A death benefit is provided if the annuitant
                                dies before the first payment is made or if a
                                single sum is elected within one year following
                                the annuitant's death. There is no death benefit
                                if the annuitant dies after the certain period.
- --------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                          Income Manager(SM)                                  GMIB Income
                                           (period certain)                              Manager(SM) Contract
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                          
Income payments                 NQ and IRA -- Level payments only.              NQ and IRA (traditional and Roth) --
                                                                                Level payments only.

                                                                                o Certain NQ and IRA contracts may
                                                                                  be eligible for increasing payments.
- ------------------------------------------------------------------------------------------------------------------------------------
Period certain                  You will receive payments for periods           o Generally, you will receive at least
                                ranging from 7 to 15 years depending on           10 years of payments. Depending
                                the age of the annuitant.                         on the annuitant's age at GMIB
                                                                                  exercise and the issue date and
                                                                                  type of your Accumulator(R) contract,
                                                                                  the period may be longer or shorter.

                                                                                o The period certain is specified in
                                                                                  your Accumulator(R) contract and
                                                                                  cannot be changed.
- ------------------------------------------------------------------------------------------------------------------------------------
Form of payment available       Single life only.                               Single life or joint and survivor.
- ------------------------------------------------------------------------------------------------------------------------------------
Payments after the end of the   None                                            Payments continue while the
period certain                                                                  annuitant or joint annuitant is living.
- ------------------------------------------------------------------------------------------------------------------------------------
Contribution amounts:                                                           The annuity account value applied
                                                                                from your Accumulator(R) series
Initial minimum:                o $10,000                                       contract upon GMIB exercise.

Additional minimum:             o Not permitted                                 Additional contributions are not permitted.

                                Maximum contribution limitations may
                                apply.
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed maturity options          o Up to 15 fixed maturity options with maturities generally ranging from
                                  approximately 1 to 15 years.

                                o Each fixed maturity option offers a guarantee of principal and interest rate if
                                  you hold it to maturity.

                                o Principal guarantees.

                                -- If you make withdrawals from a fixed maturity option before maturity, there will be a market
                                   value adjustment due to differences in interest rates. If you withdraw only a portion of a fixed
                                   maturity amount, this may increase or decrease any value you have left in that fixed maturity
                                   option. If you surrender your contract, a market value adjustment may also apply.
- ------------------------------------------------------------------------------------------------------------------------------------
Taxes                           Generally, earnings will be taxed at your ordinary income tax rate when distributions
                                are made from your contract.

                                o NQ -- A portion of each payment is generally not considered taxable income until you have received
                                  a tax-free recovery of your investment in the contract.

                                o IRA -- Generally, all amounts distributed from a traditional IRA are taxable. Amounts distributed
                                  from a Roth IRA are generally taxable on an income-last basis and may be eligible for tax-free
                                  treatment under certain circumstances.
                                ----------------------------------------------------------------------------------------------------
                                This contract is intended to be a payout annuity. However, there may be some instances where you can
                                delay beginning payments, so IRS rules governing deferred annuity payments could apply.
- ------------------------------------------------------------------------------------------------------------------------------------
Death benefit                   A death benefit is provided if the              A death benefit is provided if the annuitant dies or
                                annuitant dies before the end of the            if a single sum is elected within one year
                                period certain.                                 following the annuitant's death. There is no death
                                                                                benefit if the annuitant dies after the
                                                                                certain period.
- ------------------------------------------------------------------------------------------------------------------------------------



                                Income Manager(SM) at a glance -- key features 7







- --------------------------------------------------------------------------------
                                       Income Manager(SM)
                                       life annuity with
                                        period certain)
- --------------------------------------------------------------------------------
                             
Access to your money during
the period certain              o Withdrawals (no withdrawals permitted during
                                  the first contract year).

                                o Contract surrender.

                                You may also incur income tax and a penalty tax.

                                You cannot take a withdrawal from, or
                                surrender, your life contingent annuity.

                                Withdrawals are subject to market value
                                adjustment and may reduce your remaining
                                payments and shorten any remaining certain
                                period. The payment start date under the life
                                contingent annuity will be earlier.
- --------------------------------------------------------------------------------
Charges                         o We deduct a charge designed to
                                  approximate certain taxes that may
                                  be imposed upon us, such as
                                  premium taxes in your state. We
                                  deduct this charge from your
                                  contributions.

                                o During the first seven contract
                                  years following a contribution, a charge
                                  will be deducted from amounts that you
                                  withdraw that exceed 10% of your account
                                  value. We use the account value at the
                                  beginning of each contract year to calculate
                                  the 10% amount available. The charge begins at
                                  7% in the first contract year following a
                                  contribution. It declines each year to 1% in
                                  the seventh contract year. There is no
                                  withdrawal charge in the eighth and later
                                  contract years following a contribution.
- --------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the
business day we receive the properly completed and signed application, along
with any other required documents, and your initial contribution. Your contract
date will be shown in your contract. The 12-month period beginning on your
contract date and each period after that date is a "contract year." The end of
each 12-month period is your "contract date anniversary."
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
Annuitant                       NQ and IRA level payments: 45 - 83
issue ages                      NQ increasing payments: 53-1/2 - 83
                                Different ages may apply depending
                                on when annuity payments start.
- --------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                       Income Manager(SM)                                     GMIB Income
                                        (period certain)                                 Manager(SM) Contract
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                          
Access to your money during
the period certain              o Withdrawals (no withdrawals permitted during  o Withdrawals (no withdrawals permitted during
                                  the first contract year).                       the first contract year).

                                o Contract surrender.                           o Contract surrender.

                                You may also incur income tax and a penalty     You may also incur income tax and a penalty
                                tax.                                            tax.

                                A market value adjustment may apply.            You cannot take a withdrawal from, or surrender,
                                                                                your life contingent annuity.

                                                                                Withdrawals are subject to market value adjustment
                                                                                and may reduce your remaining payments and shorten
                                                                                any remaining certain period. The payment start date
                                                                                under the life contingent annuity will be earlier.
- ------------------------------------------------------------------------------------------------------------------------------------
Charges                         o We deduct a charge designed to                o We deduct a charge designed to approximate
                                  approximate certain taxes that may              certain taxes that may be imposed upon us, such as
                                  be imposed upon us, such as                     premium taxes in your state. We deduct this charge
                                  premium taxes in your state. We                 only to the extent that the annual income provided
                                  deduct this charge from your                    by this contract after the deduction is at least
                                  contributions.                                  equal to the income that would be provided by the
                                                                                  application of your Accumulator(R) Benefit Base to
                                o During the first seven contract                 guaranteed GmIB annuity purchase factors.
                                  years, a charge will be deducted
                                  from amounts that you withdraw.               o There is no charge on amounts you withdraw.
                                  The charge begins at 7% in the first
                                  contract year. It declines each year
                                  to 1% in the seventh contract year.
                                  There is no withdrawal charge in the eighth
                                  and later contract years.

                                o There is no free withdrawal amount.
- ------------------------------------------------------------------------------------------------------------------------------------
The "contract date" is the effective date of a contract. This usually is the business day we receive the properly completed and
signed application, along with any other required documents, and your initial contribution. Your contract date will be shown in your
contract. The 12-month period beginning on your contract date and each 12-month period after that date is a "contract year." The end
of each 12-month period is your "contract date anniversary."
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
Annuitant                       59-1/2 - 78                                     For contracts purchased in connection with the
issue ages                                                                      proceeds of an Accumalator(R) series contract that
                                                                                was issued:*
                                                                                pre-May 1997: 60-83
                                                                                May 1997- pre-May 1999: 35-90
                                                                                May 1999- March 2000: 35-83
                                                                                March 2000 and later: 35-85
                                                                                *  Actual available issue ages vary depending on
                                                                                   your Accumulator(R) series contract and the
                                                                                   annuitant's age at the time of its issue
- ------------------------------------------------------------------------------------------------------------------------------------



The above is not a complete description of all material provisions of the
contract. In some cases restrictions or exceptions apply. Also, all features of
the contract are not necessarily available in your state or at certain ages.

For more detailed information we urge you to read the contents of this
prospectus, as well as your contract. Please feel free to speak with your
financial professional, or call us, if you have any questions. If for any
reason you are not satisfied with your contract, you may return it to us for a
refund within a certain number of days. Please see "Your right to cancel within
a certain number of days" later in this Prospectus for additional information.


8 Income Manager(SM) at a glance -- key features



1. Contract features and benefits

- --------------------------------------------------------------------------------
HOW YOU CAN PURCHASE AND CONTRIBUTE TO YOUR CONTRACT


o  For GMIB Income Manager(SM) contracts, you can only purchase a contract by
   exercising your GMIB benefit in accordance with your Accumulator(R) series
   contract, even if the Accumulator(R) account value is less than $10,000; no
   additional contributions are permitted.


o  For all other contracts, you may purchase your contract by making payments to
   us we call "contributions." We require a contribution of at least $10,000 for
   you to purchase a contract. Under life annuity with a period certain
   contracts, you may make additional contributions subject to the limitations
   as described under "Additional contributions" later in this Prospectus.


SOURCE OF CONTRIBUTIONS (NOT APPLICABLE TO GMIB INCOME MANAGER(SM) CONTRACT)

NQ contracts. We will accept only contributions made with after-tax money. You
may make your contributions by check or by transfer of your entire contract
value in a tax-deferred exchange under Section 1035 of the Internal Revenue
Code.

Traditional IRA contracts. Contributions may be made from:

o  Eligible rollover distributions from TSA contracts or other 403(b)
   arrangements, qualified plans, and governmental employer 457(b) or "EDC"
   plans.

o  Rollovers from another traditional individual retirement arrangement.

o  Direct custodian-to-custodian transfers from another traditional individual
   retirement arrangement.


See "Tax information" later in this Prospectus for a more detailed discussion of
sources of contributions and contribution limitations. We may refuse to accept
any contribution if the sum of all contributions under all Income Manager(SM)
contracts with the same owner or annuitant would then total more than
$1,500,000. We may also refuse to accept any contributions if the sum of all
contributions under all AXA Equitable annuity payout contracts that you own
would then total more than $2,500,000.


For information on when contributions are credited see "Dates and prices at
which contract events occur" later in this Prospectus.


OWNER AND ANNUITANT REQUIREMENTS

NQ contracts. The annuitant can be different from the contract owner. A joint
owner may also be named provided each owner is of legal age. Only natural
persons can be joint owners. This means that an entity such as a corporation or
a trust cannot be a joint owner.

- --------------------------------------------------------------------------------
The "annuitant" is the person who is the measuring life for determining
contract benefits. The annuitant is not necessarily the contract owner.


For Income Manager(SM) contracts only, where payments have not started; if you
are not the annuitant and you have not named a specific successor owner, the
beneficiary will become the successor owner upon your death.

For GMIB Income Manager(SM) contracts only, the owner and annuitant must be the
same as under your Accumulator(R) series contract.
- --------------------------------------------------------------------------------

IRA contracts. The owner and the annuitant must be the same person. Joint
owners are not permitted. Your spouse may be named as joint annuitant. In some
cases, an IRA contract may be held in a custodial individual retirement account
for the benefit of the individual annuitant.

WHAT ARE YOUR INVESTMENTS UNDER THE CONTRACT?

FIXED MATURITY OPTIONS

To provide your income payments during the period certain, we allocate your
contributions to fixed maturity options that mature in consecutive date order.
When we allocate your contributions to the fixed maturity options they become
part of a non-unitized separate account. They accumulate interest at a rate to
maturity for each fixed maturity option. The total amount allocated to and
accumulated in each fixed maturity option is called the "fixed maturity
amount."

The rate to maturity you will receive for each fixed maturity amount is the
interest rate in effect for new contributions allocated to that fixed maturity
option on the date we apply your contribution. If you make any withdrawals from
a fixed maturity option before the maturity date, we will make a market value
adjustment that may increase or decrease any fixed maturity amount you have
left in that fixed maturity option. We will discuss market value adjustment
below and in greater detail under "More information" later in this Prospectus.

For applications we receive under certain types of transactions, we may offer
you the opportunity to lock in rates to maturity on contributions.

On the maturity date of each of your fixed maturity options, your fixed
maturity amount (assuming you have not made any withdrawals) will equal amounts
originally allocated to each fixed maturity option plus interest, at the rate
to maturity for that contribution, to the date of calculation. This is the
fixed maturity option's "maturity value." Before


                                               Contract features and benefits  9



maturity, the current value we will report for your fixed maturity amount will
reflect a market value adjustment. It will reflect the market value adjustment
that we would make if you were to withdraw all of your fixed maturity amount on
the date of the report. We call this your "market adjusted amount."

Rates to maturity and price per $100 of maturity value. We can determine the
amount required to be allocated to each fixed maturity option in order to
produce specified maturity values. For example, we can tell you how much you
need to allocate per $100 of maturity value.


Guaranteed rates to maturity for new allocations as of February 15, 2007 and
the related price per $100 of maturity value were as follows:





- --------------------------------------------------------------------------------
   Fixed maturity
   options with
   February 15th          Rate to            Price
  maturity date of     maturity as of     per $100 of
   maturity year     February 15, 2007   maturity value
- --------------------------------------------------------------------------------
        2008              3.47%            $ 96.65
        2009              3.50%            $ 93.34
        2010              3.53%            $ 90.11
        2011              3.61%            $ 86.77
        2012              3.72%            $ 83.30
        2013              3.79%            $ 79.98
        2014              3.86%            $ 76.70
        2015              3.90%            $ 73.62
        2016              4.00%            $ 70.24
        2017              4.04%            $ 67.28
        2018              4.07%            $ 64.46
        2019              4.07%            $ 61.94
        2020              4.07%            $ 59.51
        2021              4.07%            $ 57.18
        2022              4.07%            $ 54.94
- --------------------------------------------------------------------------------



Market value adjustment. If you make any withdrawals (including surrender of
your contract or when we make deductions for withdrawal charges) from a fixed
maturity option before it matures we will make a market value adjustment which
will increase or decrease any fixed maturity amount you have in that fixed
maturity option. The amount of the adjustment will depend on two factors:


(a)  the difference between the rate to maturity that applies to the amount
     being withdrawn and the rate to maturity in effect at that time for new
     allocations to that same fixed maturity option; and

(b) the length of time remaining until the maturity date.

In general, if interest rates rise from the time that we originally allocate an
amount to a fixed maturity option to the time that you take a withdrawal, the
market value adjustment will be negative. Likewise, if interest rates drop at
the end of that time, the market value adjustment will be positive. Also, the
amount of the market value adjustment, either up or down, will be greater the
longer the time remaining until the fixed maturity option's maturity date.
Therefore, it is possible that the market value adjustment could greatly reduce
your value in the fixed maturity options, particularly in the fixed maturity
options with later maturity dates.

We provide an explanation of how we calculate the market value adjustment, and
information concerning our general account under "More information" later in
this Prospectus. We provide an example of how we calculate the market value
adjustment in the Appendix at the end of this Prospectus.


SEPARATE ACCOUNT FOR THE FIXED MATURITY OPTIONS

Amounts allocated to the fixed maturity options are held in a "nonunitized"
separate account we have established under the New York Insurance Law. This
separate account provides an additional measure of assurance that we will make
full payment of amounts due under the fixed maturity options. We provide
additional information about this separate account under "More information"
later in this Prospectus.

Off maturity date payments. Generally, your payments will be made on February
15th as each fixed maturity option matures. You may instead choose to have your
payments made in a month other than February. We refer to payments we make
annually in any month other than February as well as monthly or quarterly
payments, as payments made "off maturity dates." If you choose to have your
payments made off maturity dates, we will be required to begin making your
payments before the maturity date of a fixed maturity option. In planning for
these payments we will allocate a portion of your initial contribution to the
separate account, but not to the fixed maturity options contained in the
separate account. We will credit these amounts with interest at rates that will
not be less than 3%.

After that, as each fixed maturity option expires we will transfer your
maturity value from the expired fixed maturity option and hold the maturity
value in the separate account. We will credit interest to these amounts at the
same rate as the rate to maturity that was credited in the expired fixed
maturity option. These amounts will then be used to provide for payments off
maturity dates during the period certain.

- --------------------------------------------------------------------------------
Whether you choose monthly, quarterly, or annual payments, your payments will
be made on the 15th day of the month.
- --------------------------------------------------------------------------------

We will not make a market value adjustment to the amounts held in the separate
account to provide for payments off maturity dates.


WHAT ARE YOUR CONTRACT CHOICES?


We offer two versions of the Income Manager(SM) payout annuity contracts from
which you may choose to receive your retirement income, a "life annuity with a
period certain" and a "period certain" annuity. For GMIB Income Manager(SM)
contracts, a period certain annuity is not available. We discuss both versions
below.



LIFE ANNUITY WITH A PERIOD CERTAIN CONTRACT

This payout annuity contract provides you with guaranteed payments during the
period certain. When the period certain ends you will continue to receive
payments for as long as an annuitant is living. Payments based solely on the
life of one annuitant are called "single life" payments. You may also elect to
receive "joint and survivor" payments that are based on the lives of an
annuitant and a joint annuitant. These payments will continue as long as one of
the annuitants is living. Payments during the period certain are designed to
pay out your entire account value by the end of the period certain.


10  Contract features and benefits




For GMIB Income Manager(SM) contracts, if the annuitant's age at issue is 90 and
there is no joint annuitant younger than age 90, a period certain is not
available. Instead, you will receive payments for the life of the annuitant,
only.


- --------------------------------------------------------------------------------
"Single life" payments are made to you as long as the annuitant is living.
"Joint and survivor" payments continue as long as either annuitant is living.
For IRA contracts, if you are married, the joint annuitant must be your spouse.
- --------------------------------------------------------------------------------

For annuitant ages at which the contracts are available see the chart under
"Your period certain" below.


ADDITIONAL CONTRIBUTIONS


If your annuity payments are set to begin on February 15, 2008 or later, and
the annuitant is age 78 or younger, you may make additional contributions of at
least $1,000 at any time up until 15 days before your payments actually begin.
If the annuitant is over age 78 you can make additional contributions only
during the first contract year.


Under IRA contracts we will accept additional contributions that are "regular"
contributions, rollover contributions or direct transfers. Additional "regular"
contributions may no longer be made after the year in which annuitant is age
70-1/2. If you make a direct transfer or rollover contribution after you turn
age 70-1/2 you must have taken the required minimum distribution for the year
before the contribution is applied to this contract. See "Tax information"
later in this Prospectus.


If you are using the proceeds from another type of contract issued by us to
purchase this contract, including a GMIB Income Manager(SM) contract, you will
not be permitted to make additional contributions.



HOW WE ALLOCATE YOUR CONTRIBUTIONS

We determine the allocation of your contributions based on a number of factors.
They are:

o  the amount of your contribution;

o  the form of payments;

o  the age and sex of the annuitant (and the age and sex of the joint annuitant,
   if joint and survivor annuity payments are elected);

o  the frequency of payments; and

o  the period certain.

We then allocate your initial contribution among the fixed maturity options,
the separate account if we need to make payments to you off maturity dates, and
the "life contingent annuity." We will allocate your additional contributions
in the same manner. Additional contributions will increase the level of all
future payments. You may not change this allocation.

- --------------------------------------------------------------------------------
The life contingent annuity continues the payments after the period certain
ends.
- --------------------------------------------------------------------------------

PAYMENTS


NQ contracts. If you are age 45 (35 for GMIB Income Manager(SM) contracts) or
older, you may elect to receive level payments. You will receive level payments
during the period certain and under the life contingent annuity. However, if you
are younger than age 59-1/2, there are tax issues that you should consider
before you purchase a contract. If you are age 53-1/2 or older you may instead
elect to receive payments that increase. However, your payments may not start
before you are age 59-1/2. Such payments will increase by 10% every three years
during the period certain on each third anniversary of the date annuity payments
begin. Deferral of payments is not available for GMIB Income Manager(SM)
contracts.

If you are using the proceeds from an Accumulator(R) series contract issued in
May 1997 or later to purchase an NQ GMIB Income Manager(SM) contract, only level
payments are available.


After the end of the period certain, we will continue your payments under the
life contingent annuity while the annuitant or joint annuitant is living.
Payments continue throughout the annuitant's lifetime (or the lifetime of the
joint annuitant, if joint and survivor payments are elected) on the same
payment schedule (either monthly, quarterly, or annually) as the payments you
received during the period certain.

- --------------------------------------------------------------------------------
The portion of your contribution allocated to the life contingent annuity does
not have a cash value or an account value and, therefore, does not provide for
withdrawals or surrender.
- --------------------------------------------------------------------------------

There is no death benefit provided under the life contingent annuity and
payments are made to you only if the annuitant (or joint annuitant) is living
when the payments are scheduled to begin. These payments are only made during
the annuitant's lifetime and, if applicable, the lifetime of a joint annuitant.
Therefore, you should consider the possibility that no payments will be made to
you under the life contingent annuity if the annuitant (or joint annuitant)
does not survive to the date payments are to begin.

You may elect single life or joint and survivor payments. Joint and survivor
payments are available on a 100%, one-half or two-thirds to survivor basis. If
you elect increasing payments under NQ contracts, your first payment under the
life contingent annuity will be 10% greater than the final payment under the
period certain. After the period certain we will increase your payments
annually on each anniversary of the payment start date under the life
contingent annuity. We will base this increase on the annual increase in the
Consumer Price Index, but it will never be greater than 3% per year.


IRA and Roth IRA GMIB contracts. Generally, only level payments are available
under IRA contracts. You will receive level payments during the period certain
and under the life contingent annuity. If you are using the proceeds from an
Accumulator(R) series contract issued prior to May 1997 to purchase a GMIB
Income Manager(SM) contract (traditional or Roth IRA), both increasing and level
payments are currently available, however, increasing payments may not comply
with current treasury regulations. See "Required minimum distributions" under
"Individual retirement arrangements" in "Tax information." Please consult your
tax adviser. If you elect increasing payments, during the period certain,
payments are designed to increase by 10% every three years on each third
anniversary of the payment start date. After the end of the period certain,
your first payment under the life contingent



                                              Contract features and benefits  11



annuity will be 10% greater than the final payment made under the period
certain. Thereafter, payments will increase annually on each anniversary of the
payment start date under the life contingent annuity based on the annual
increase, if any, in the Consumer Price Index, but in no event greater than 3%
per year. For traditional IRA contracts, if at any time your payment would be
less than the minimum amount required to be distributed under required minimum
distribution rules, we will notify you of the difference. You will have the
option to have an additional amount withdrawn from your contract. An adjustment
will be made to future scheduled payments. Or, you may take the amount from
other traditional IRA funds you may have.


MODE (FREQUENCY) OF PAYMENT


Under Income Manager(SM) and GMIB Income Manager(SM) contracts you may choose to
receive payments monthly, quarterly or annually. Whether you choose monthly,
quarterly or annual payments, you will usually begin receiving payments one
payment period from the contract date, unless you elect otherwise as described
under "Off maturity date payments" earlier in this Prospectus. Your payments
will always be made on the 15th day of the month. For instance, if you choose
annual payments, we make your first payment one year from the issue date of the
Income Manager(SM) contract. If you are at least age 59-1/2 you may elect to
defer the date your payments will start. Generally, you may defer payments for a
period of up to 72 months. This is called the deferral period. Deferral of the
payment start date permits you to lock in rates at a time when you may consider
current rates to be high, while permitting you to delay receiving payments if
you have no immediate need to receive income under your contract. Deferral is
not available under GMIB Income Manager(SM) contracts or when the owner and
annuitant are different under Income Manager(SM) contracts, respectively.


- --------------------------------------------------------------------------------
The deferral period together with the period certain may be referred to as a
"liquidity period." Unlike traditional life annuities that provide periodic
payments, you will be able to make withdrawals before the end of the period
certain. You may also choose to surrender your contract for its cash value
while keeping the life contingent annuity in effect.
- --------------------------------------------------------------------------------
Before you decide to defer payments, you should consider the fact that the
amount of income you purchase is based on the rates to maturity in effect on
the date we allocate your contribution. Therefore, if rates rise during the
deferral period, your payments may be less than they would have been if you had
purchased a contract at a later date. Deferral of the payment start date is not
available if the annuitant is older than age 80. Under IRA contracts, if your
deferred payment start date is after you are age 70-1/2, you should consider the
effect that deferral may have on your required minimum distributions.


YOUR PERIOD CERTAIN


Level payments for NQ and IRA Income Manager(SM) contracts. Under level
payments, you may select a period certain of not less than 7 years nor more than
15 years. The maximum period certain available based on the age of the annuitant
when your Income Manager(SM) contract is issued is as follows:

                                 NQ CONTRACTS
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         45 through 70                    15 years
- --------------------------------------------------------------------------------
         71 through 75                85 less age at issue
- --------------------------------------------------------------------------------
         76 through 80                   10 years
- --------------------------------------------------------------------------------
         81 through 83                90 less age at issue
- --------------------------------------------------------------------------------

                                 IRA CONTRACTS
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         45 through 70                    15 years
- --------------------------------------------------------------------------------
         71 through 78                85 less age at issue
- --------------------------------------------------------------------------------
         79 through 83                    7 years
- --------------------------------------------------------------------------------

Level payments for NQ GMIB, IRA GMIB and Roth IRA GMIB Income Manager(SM)
contracts. Under level payments for these contracts, you may select a period
certain of not less than 7 years nor more than 10 years. The maximum period
certain available based on the age of the annuitant when your GMIB Income
Manager(SM) contract is issued is shown in the tables below. However, if the
annuitant's age at issue is age 84 or older, the only period certain available
is defined in the chart below.


                      NQ GMIB INCOME MANAGER(SM) CONTRACTS

- --------------------------------------------------------------------------------
 Contracts purchased in connection with the proceeds from a
        pre-May 1997 Accumulator(R) series contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         60 through 80                   10 years
- --------------------------------------------------------------------------------
         81 through 83               90 less issue age
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 Contracts purchased in connection with the proceeds from a
   May 1997-pre-May 1999 Accumulator(R) series contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         35 through 80                   10 years
- --------------------------------------------------------------------------------
         81 through 90               90 less issue age
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 Contracts purchased in connection with the proceeds from a
  May 1999-pre-March 2000 Accumulator(R) series contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         35 through 80                   10 years
- --------------------------------------------------------------------------------
         81 through 83               90 less issue age
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 Contracts purchased in connection with the proceeds from a
               March 2000 and later contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         35 through 80                   10 years
- --------------------------------------------------------------------------------
         81 through 85               90 less issue age
- --------------------------------------------------------------------------------


               IRA AND ROTH IRA GMIB INCOME MANAGER(SM) CONTRACTS

- --------------------------------------------------------------------------------
 Contracts purchased in connection with the proceeds from a
        pre-May 1997 Accumulator(R) series contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         60 through 75                   10 years
- --------------------------------------------------------------------------------
         76 through 78               85 less issue age
- --------------------------------------------------------------------------------
         79 through 83                    7 years
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 Contracts purchased in connection with the proceeds from a
   May 1997-pre-May 1999 Accumulator(R) series contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         35 through 75                   10 years
- --------------------------------------------------------------------------------
         76 through 77               85 less issue age
- --------------------------------------------------------------------------------
         78 through 83                    7 years
- --------------------------------------------------------------------------------

12  Contract features and benefits




- --------------------------------------------------------------------------------
 Contracts purchased in connection with the proceeds from a
   May 1997-pre-May 1999 Accumulator(R) series contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         84 through 90               90 less issue age
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
     Contracts purchased in connection with the proceeds from a
  post May 1999-March 2000 or later Accumulator(R) series contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         35 through 75                   10 years
- --------------------------------------------------------------------------------
         76 through 77               85 less issue age
- --------------------------------------------------------------------------------
         78 through 83                    7 years
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
 Contracts purchased in connection with the proceeds from a
    March 2000 and later Accumulator(R) series contract
- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         35 through 75                   10 years
- --------------------------------------------------------------------------------
         76 through 77               85 less issue age
- --------------------------------------------------------------------------------
         78 through 83                    7 years
- --------------------------------------------------------------------------------
         84 through 85               90 less issue age
- --------------------------------------------------------------------------------

* For joint and survivor payments, the period certain is based on the age of
  the younger annuitant.


The minimum and maximum period certain will be reduced by each year you defer
the date your payments will start. Deferral is not available under GMIB Income
Manager(SM) contracts.

Increasing payments. Under NQ contracts (other than NQ GMIB Income Manager(SM)
contracts, where increasing payments are generally not available) if you elect
increasing payments, you do not have a choice as to the period certain. Based
on the age of the annuitant when your contract is issued, your period certain
will be as follows:



- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Period certain
- --------------------------------------------------------------------------------
        53-1/2 through 70               15 years
- --------------------------------------------------------------------------------
         71 through 75                  12 years
- --------------------------------------------------------------------------------
         76 through 80                  9 years
- --------------------------------------------------------------------------------
         81 through 83                  6 years
- --------------------------------------------------------------------------------

If you elect increasing payments and defer the date payments will start, your
period certain will be as follows:


- --------------------------------------------------------------------------------
                           Period certain based
                            on deferral period
- --------------------------------------------------------------------------------
     Annuitant's age    1-36       37-60      61-72
      at issue*         months     months     months
- --------------------------------------------------------------------------------
   59-1/2 through 70   12 years    9 years    9 years
- --------------------------------------------------------------------------------
    71 through 75      9 years    9 years      n/a
- --------------------------------------------------------------------------------
    76 through 80      6 years    6 years      n/a
- --------------------------------------------------------------------------------
    81 through 83        n/a        n/a        n/a
- --------------------------------------------------------------------------------


For GMIB Income Manager(SM) contracts (NQ, IRA and Roth IRA) issued with the
proceeds from a pre-May 1997 Accumulator(R) series contract, increasing
payments are currently available, as follows:




- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         60 through 70                    15 years
- --------------------------------------------------------------------------------
         71 through 75                   12 years
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------
     Annuitant's age at issue*       Maximum period certain
- --------------------------------------------------------------------------------
         60 through 70                    15 years
- --------------------------------------------------------------------------------
         76 through 80                    9 years
- --------------------------------------------------------------------------------
         81 through 83                    6 years
- --------------------------------------------------------------------------------



For all other IRA, Roth IRA and GMIB Income Manager(SM) contracts, increasing
payments are not available.


The annuitant ages at issue in the above table are also the annuitant ages for
which the contracts are available. Different ages may apply if you purchase a
contract by exercising a benefit under another type of contract that we issue.

* For joint and survivor payments, the period certain is based on the age of
  the younger annuitant.


PURCHASE RESTRICTIONS FOR JOINT AND SURVIVOR ANNUITY PAYMENTS

If you elect payments on a joint and survivor basis;

o  the joint annuitant must also be the beneficiary under the contract. Under
   IRA contracts, the joint annuitant must be your spouse;


o  neither the annuitant nor the joint annuitant can be younger than age 45 (age
   35 for GMIB Income Manager(SM)), or over age 83 unless it is a GMIB Income
   Manager(SM) contract, as described above then neither can be over the maximum
   age at issue shown; and


o  under level payments the joint and 100% to survivor form is only available
   for the longest period certain we permit.


EXAMPLE OF PAYMENTS

We provide the chart below to illustrate level payments under the contract
using the following assumptions:

(1) a male age 70 (who is both the contract owner and the annuitant);

(2) single life annuity payments;

(3) a contribution of $100,000;

(4) no additional contributions; and

(5) a period certain of 15 years.


If you had a contract date of February 15, 2007, based on rates to maturity on
that date, an election of either monthly, quarterly, or annual payments with
payments starting one payment period from the contract date, the following
level payments would be provided:





- --------------------------------------------------------------------------------
     Payment period    Monthly     Quarterly    Annual
- --------------------------------------------------------------------------------
     Start date        3/15/07    5/15/07      2/15/08
- --------------------------------------------------------------------------------
     Payment           $ 618.50   $ 1,864.82   $ 7,629.61
- --------------------------------------------------------------------------------


WITHDRAWALS

After the first contract year and before the end of the period certain, you may
take withdrawals from your account value. You may take one


                                              Contract features and benefits  13



withdrawal per contract year at any time during the contract year. The minimum
amount you may withdraw at any time is $1,000. If you request to withdraw more
than 90% of your current "cash value" we will treat it as a request to
surrender your contract for its cash value. See "Surrendering your contract to
receive its cash value" later in this Prospectus.

- --------------------------------------------------------------------------------

Your account value is the sum of your market adjusted amounts in each fixed
maturity option plus your amounts held in the separate account to provide for
payments off maturity dates. Your cash value is equal to your account value
minus any withdrawal charge. If the life contingent annuity is already in
effect, you may not make any withdrawals.
- --------------------------------------------------------------------------------

Withdrawals in excess of a 10% free withdrawal amount may be subject to a
withdrawal charge. There is no free withdrawal amount if your contract is
surrendered for its cash value. For GMIB Income Manager(SM) contracts,
withdrawal charges do not apply, and, therefore, the free withdrawal amount is
not applicable. Amounts withdrawn from a fixed maturity option before its
maturity date will result in a market value adjustment.



ALLOCATION OF WITHDRAWALS

We will subtract your withdrawal from all remaining fixed maturity options to
which your account value is allocated as well as from amounts held in the
separate account to provide for payments off maturity dates. As a result we
will reduce the amount of your payments and the length of your period certain.
We will also begin making payments to you under the life contingent annuity at
an earlier date. In order to achieve this result we will withdraw additional
amounts over the amount of the withdrawal you requested. We will withdraw these
amounts from the fixed maturity options and from amounts held in the separate
account to provide for payments off maturity dates and allocate them to the
life contingent annuity. The exact additional amount we withdraw will depend on
how much is necessary to assure that the same pattern of payments will continue
in reduced amounts for the annuitant's life, and if it applies, the life of the
joint annuitant. If you have elected increasing payments, the first increase in
your payments will take place no later than the date of the next planned
increase.



EXAMPLE

The example below illustrates the effect of a withdrawal based on:

(1)  a single contribution of $100,000 made on February 15, 2007;

(2)  level annual payments of $7,167.22 to be made on February 15th of each
     year;

(3)  joint and two-thirds to survivor payments for a male and female, both age
     70;

(4)  a period certain of 15 years; and

(5)  a withdrawal made at the beginning of the fourth contract year of 25% of an
     account value of $67,241.04 when the annuitants are age 73.

The requested withdrawal amount would be $16,810.26 ($67,241.04 \x .25). In
this case, $6,724.10 ($67,241.04 \x .10) would be the free withdrawal amount
and could be withdrawn free of a withdrawal charge. The balance of $10,086.16
($16,810.26 - $6,724.10) would be considered a withdrawal of a part of the
contribution of $100,000. This contribution would be subject to a 4.0%
withdrawal charge of $403.45 ($10,086.16 \x .04). The account value after the
withdrawal is $50,027.33 ($67,241.04 - $16,810.26 - $403.45). The payments
would be reduced to $5,932.81 and the remaining period certain would be reduced
to 10 years from 12.


DEATH BENEFIT -- FOR ALL CONTRACTS OTHER THAN GMIB INCOME MANAGER(SM) CONTRACTS


When the annuitant dies before payments begin

Generally, when we receive satisfactory proof of the annuitant's death before
annuity payments begin we will pay the death benefit to the "beneficiary" named
in your contract. See "Your beneficiary" later in this Prospectus. If the joint
owner who is also the annuitant dies, we will consider the surviving owner to
be the beneficiary, taking the place of any other beneficiary designations.

We determine the amount of the death benefit payable to your beneficiary as of
the date we receive satisfactory proof of the annuitant's death and any
required instructions for the method of payment and any required forms
necessary to effect payment. The death benefit is the greater of:

(1)  your account value; and

(2)  the sum of the fixed maturity amounts in each fixed maturity option plus
     any amounts held in the separate account to provide for payments off
     maturity dates.

However, if you are the annuitant and your spouse is the joint owner or the
designated beneficiary under the contract, your spouse may elect to receive the
payments instead of taking the death benefit if payments have not been
deferred, or payments are scheduled to begin within one year. The payments will
then begin on the scheduled date. We will not make any payments under the life
contingent annuity after the annuitant's death unless you have elected the
joint and survivor form of payments. If you elect joint and one-half or joint
and two-thirds to survivor payments, at the death of either annuitant, we will
reduce the payments by one-half or one-third, whichever applies.

- --------------------------------------------------------------------------------
A death benefit is never payable under the life contingent annuity. The death
benefit applies only during the period certain.
- --------------------------------------------------------------------------------

When the annuitant dies after the annuity payments begin

If the annuitant dies after the payments begin, we will continue to make
payments during the period certain to either the joint owner or the designated
beneficiary, whichever applies. If payments continue to the beneficiary, he or
she will be deemed the successor owner. If there is a joint owner, the
surviving joint owner will be deemed the beneficiary, superseding any other
beneficiary designation. The payments will be made on the same schedule that
was in effect before the annuitant's death and will terminate at the end of the
period certain. If you elected joint and survivor payments under the life
contingent annuity, the payments will be made as long as one of the annuitants
is living. If you elected joint and one-half or joint and two-thirds to
survivor


14  Contract features and benefits



payments, at the death of either annuitant, we will reduce the payments by
one-half or one-third, whichever applies.

At the beneficiary's option, payments during the period certain may be
discontinued and paid in a single sum. If the single sum is elected within one
year after the annuitant's death, the single sum will be paid as a death
benefit and will be equal to the greater of:

(1)  the account value; and

(2)  the sum of the fixed maturity amounts in each fixed maturity option, plus
     any amounts held in the separate account to provide for payments off
     maturity dates.

If a single sum is elected and there is a joint annuitant, we will begin making
payments to you under the life contingent annuity at an earlier date. These
payments will be made in reduced amounts to compensate for the earlier start
date. If you elected joint and one-half or joint and two-thirds to survivor
payments, at the death of either annuitant, we will reduce the payments by
one-half or one-third, whichever applies.


When the NQ contract owner who is not the annuitant dies after the annuity
payments begin.

If your death occurs after annuity payments begin, payments will continue to be
made during the period certain to the designated beneficiary, or in the case of
joint owners, to the surviving owner. In either case this person becomes the
new contract owner. The payments will be made on the same payment schedule that
was in effect before your death. After the period certain, lifetime payments
will be made under the life contingent annuity for as long as the annuitant (or
joint annuitant) is living.

If a single sum is elected, we will begin making payments to you under the life
contingent annuity at an earlier date. The lump sum is treated as a withdrawal.
See the discussion of withdrawals earlier in this section. These payments will
be made in reduced amounts to compensate for the earlier start date. When the
life contingent annuity is in effect and one of the joint annuitants dies, if
you elected joint and one-half or joint and two-thirds to survivor payments, at
the death of either annuitant, we will reduce the payments by one-half or
one-third, whichever applies.



DEATH BENEFIT -- FOR ALL GMIB INCOME MANAGER(SM) CONTRACTS

For purposes of determining the death benefit in connection with any GMIB Income
Manager(SM) contract, the annuity payments are considered to have begun at issue
of the contract.



When the annuitant dies


In general, we will continue to make payments during the period certain as
described earlier in this section under "Death benefit -- for all contracts
other than the GMIB Income Manager(SM) contracts" under "When the annuitant dies
after the annuity payments begin." However, if there is a non-owner joint
annuitant, we will continue to make payments to the original owner until the
death of the joint annuitant.


Payments during the period certain may be discontinued and paid in a single
sum. If there is a joint annuitant, we will begin making payments to you under
the life contingent annuity at an earlier date. The lump sum is treated as a
withdrawal. See the discussion of withdrawals earlier in this section. These
payments will be made in reduced amounts to compensate for the earlier start
date.

When the NQ GMIB contract owner who is not the annuitant dies


We will continue to make annuity payments during the period certain as
described earlier in this section under "Death benefit -- for all contracts
other than the GMIB Income Manager(SM) contracts" under "When the NQ contract
owner who is not the annuitant dies after the annuity payments begin."

SURRENDERING YOUR LIFE ANNUITY WITH PERIOD CERTAIN CONTRACT

You may surrender your contract for its cash value at any time during the
period certain and receive lifetime payments after that under the life
contingent annuity. Once your contract is surrendered, the date your payments
are to start under the life contingent annuity will be moved forward to the
date when you were supposed to receive the next payment under the period
certain. However, your payments will be made in reduced amounts. Once your
contract is surrendered, we will return it to you with a notation that the life
contingent annuity is still in effect. You may not surrender the life
contingent annuity.

PERIOD CERTAIN CONTRACT (NOT AVAILABLE IF YOU ARE PURCHASING A GMIB INCOME
MANAGER(SM) CONTRACT)


You may purchase the period certain contract if you are age 59-1/2 or older. The
annuitant must be at least age 59-1/2, but not older than age 78. This contract
provides you with level guaranteed payments for a period certain that you
select. The minimum period certain you may select is 7 years and the maximum
period certain is 15 years. If the annuitant is over age 70 when the contract
is issued, the maximum period certain you may select is 85 less the annuitant's
age when the contract is issued.

ADDITIONAL CONTRIBUTIONS

Additional contributions are not permitted under the contract.

HOW WE ALLOCATE YOUR CONTRIBUTIONS

Based on the amount of your single contribution and the period certain you
select, we allocate your contribution among the fixed maturity options and, if
necessary, to the separate account to provide for payments off maturity dates.
You may not change this allocation. See "More information" later in this
Prospectus for an example of payments.

PAYMENTS

Whether you choose monthly, quarterly or annual payments, your payments
normally will start one payment period from the contract date unless you elect
otherwise as described under "Off maturity date payments" earlier in this
Prospectus. Your payments will always be made on the 15th day of the month.

- --------------------------------------------------------------------------------
The period certain may also be referred to as the "liquidity period" because
you have access to your money through withdrawals or surrender of your
contract.
- --------------------------------------------------------------------------------

WITHDRAWALS


After the first contract year you may take withdrawals from your account value.
You may take one withdrawal per contract year at any


                                              Contract features and benefits  15



time during the contract year. The minimum amount you may withdraw at any time
is $2,000 or 25% of your current cash value if it produces a larger amount. If
you request to withdraw more than 90% of your current cash value we will treat
it as a request for surrender of the contract for its cash value. See
"Surrendering your contract to receive its cash value" later in this
Prospectus. Any amounts withdrawn from a fixed maturity option, before its
maturity date, will result in a market value adjustment. See "Market value
adjustment" earlier in this Prospectus. Withdrawals made during the first seven
contract years may be subject to a withdrawal charge. There is no free
withdrawal amount under the period certain contracts.

ALLOCATION OF WITHDRAWALS

We will subtract your withdrawals pro rata from all remaining fixed maturity
options to which your account value is allocated as well as from amounts held
in the separate account to provide for payments off maturity dates. As a
result, your payments will continue in reduced level amounts over the remaining
term of the period certain.

DEATH BENEFIT

When the annuitant dies before payments begin

Generally, when we receive satisfactory proof of the annuitant's death before
annuity payments begin we will pay the death benefit to the beneficiary named
in your contract. See "Your beneficiary" later in this Prospectus. If the joint
owner who is also the annuitant dies, we will consider the surviving owner to
be the beneficiary, taking the place of any other beneficiary designations.

We determine the amount of the death benefit payable to your beneficiary as of
the date we receive satisfactory proof of the annuitant's death and any
required instructions for the method of payment and any required forms
necessary to effect payment. The death benefit is the greater of:

(1)  your account value; and

(2)  the sum of the fixed maturity amounts in each fixed maturity option plus
     any amounts held in the separate account to provide for payments off
     maturity dates.

However, if you are the annuitant and your spouse is the joint owner or the
designated beneficiary under the contract, your spouse may elect to receive the
payments instead of taking the death benefit. The payments will then begin on
the scheduled date.

When the annuitant dies after the annuity payments begin

If the annuitant dies after the payments begin, payments will continue to be
made during the period certain to either the joint owner or the designated
beneficiary, whichever applies. The payments will be made on the same schedule
that was in effect before the annuitant's death.

At the beneficiary's option, payments may be discontinued and paid in a single
sum. If the single sum is elected within one year after the annuitant's death,
the single sum will be equal to the greater of:

(1)  the account value; and

(2)  the sum of the fixed maturity amounts in each fixed maturity option plus
     any amounts held in the separate account to provide for payments off
     maturity dates.

When the NQ contract owner who is not the annuitant dies after the annuity
payments begin

If your death occurs after annuity payments begin, payments will continue to be
made during the period certain to the designated beneficiary or in the case of
joint owners to the surviving owner. In either case, this person becomes the
new contract owner and receives the payments.


16  Contract features and benefits



2. Other benefits and features of the contracts

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HOW YOU CAN MAKE YOUR CONTRIBUTIONS

Except as noted below, contributions must be by check drawn on a U.S. bank in
U.S. dollars, and made payable to AXA Equitable. We do not accept third party
checks endorsed to us except for rollover contributions, tax-free exchanges or
trustee checks that involve no refund. All checks are subject to our ability to
collect the funds. We reserve the right to reject a payment if it is received
in an unacceptable form. For GMIB Income Manager(SM) contracts, you can only
purchase a contract by exercising your GMIB benefit in accordance with your
Accumulator(R) series contract, even if the Accumulator(R) account value is
less than $10,000; no additional contributions are permitted.


For your convenience, we will accept initial and additional contributions, if
applicable, by wire transmittal from certain broker-dealers who have agreements
with us for this purpose. These methods of payment are discussed in detail
under "More information" later in this Prospectus.

Your initial contribution must generally be accompanied by an application and
any other form we need to process the payments. If any information is missing
or unclear, we will try to obtain that information. If we are unable to obtain
all of the information we require within five business days, we will inform the
financial professional submitting the application, on your behalf. We will then
return the contribution to you unless you specifically direct us to keep your
contribution until we receive the required information.

- --------------------------------------------------------------------------------
Generally our "business day" is any day on which the New York Stock Exchange is
open for trading. A business day does not include any day we choose not to open
due to emergency conditions. We may also close early due to emergency
conditions. Our business day generally ends at 4:00 p.m., Eastern Time for the
purposes of determining the date when contributions are applied and other
transaction requests are processed.
- --------------------------------------------------------------------------------

SECTION 1035 EXCHANGES



You may apply the entire value of an existing nonqualified deferred annuity
contract (or life insurance or endowment contract) to purchase an Income
Manager(SM) NQ contract in a tax-deferred exchange if you follow certain
procedures as shown in the form that we require you to use. Section 1035
exchanges are generally not available after the death of the individual who is
the measuring life on the exchanged contract (owner or annuitant). Please note
that the IRS may not apply tax-free treatment to partial 1035 exchanges. Also
see "Tax information" later in this Prospectus.



YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If for any reason you are not satisfied with your contract, you may return it
to us for a refund. To exercise this cancellation right you must mail the
contract directly to our Processing Office within 10 days after you receive it.
In some states, this "free look" period may be longer.

Generally, your refund will equal your account value under the contract. Your
account value reflects any positive or negative market value adjustments in the
fixed maturity options through the date we receive your contract. Under the
life annuity with a period certain your refund will also include any amount
applied to the life contingent annuity. However, some states require that we
refund the full amount of your contribution (not including any investment gain
or loss). For IRA contracts returned to us within seven days after you receive
it, we are required to refund the full amount of your contribution.


If you cancel your GMIB Income Manager(SM) contracts within the free look
period, we will reinstate your Accumulator(R) series contract as of the date you
exercised your GMIB. Upon reinstatement, the value applied to the GMIB Income
Manager(SM) contract plus any charges that were deducted will be returned to
your Accumulator(R) series contract in accordance with the allocations that were
in effect on said date.


If you cancel your contract during the free look period, we may require that
you wait six months before you may apply for a contract with us again.

For California residents, if you are age 60 or older at the time the contract
is issued, you may return your contract within 30 days from the date that you
receive it and receive a refund as described below.


Your refund will equal your contributions, less any payments you may have
received under the Income Manager(SM) payout annuity contract or, if greater,
your account value, computed on the date we receive your Income Manager(SM)
payout annuity contract along with your request to cancel at our processing
office.

The 30-day cancellation and refund policy as described above applies to Income
Manager(SM) payout annuity contracts only. If you have a GMIB Income Manager(SM)
contract please refer to its free look period and refund policy, as described
above.


Please see "Tax information" later in this Prospectus for possible consequences
of cancelling your contract.


SURRENDERING YOUR CONTRACT TO RECEIVE ITS CASH VALUE


You may surrender your contract to receive its cash value at any time during the
period certain. Your cash value is equal to your account value minus any
withdrawal charge. There is no free withdrawal amount if you surrender your
contract. For GMIB Income Manager(SM) contracts, there are no withdrawal
charges, and, therefore, no free withdrawal amount applies.


For a surrender to be effective, we must receive your written request and your
contract at our Processing Office. We will determine your cash value on the
date we receive the required information. All benefits under your contract will
terminate as of that date unless you have elected the life contingent annuity.
See "Surrendering your life annuity with a period certain contract" earlier in
this Prospectus.


                                Other benefits and features of the contracts  17



WHEN TO EXPECT PAYMENTS

Generally, we will fulfill requests for payments within seven days of the
transaction to which the request relates. We can defer payment of any portion
of the account value (other than for death benefits) for up to six months while
you are living. We also may defer payments for any reasonable amount of time
(not to exceed 15 days) while we are waiting for a contribution check to clear.



18  Other benefits and features of the contracts



3. Charges

- --------------------------------------------------------------------------------
WITHDRAWAL CHARGES

A withdrawal charge applies in two circumstances: (1) if you make a withdrawal
during a contract year and it exceeds any applicable free withdrawal amount,
described below, or (2) if you surrender your contract to receive its cash
value. For GMIB Income Manager(SM) contracts, withdrawal charges do not apply.


The withdrawal charge equals a percentage of each contribution (or single
contribution) withdrawn. The percentage that applies depends on how long each
contribution has been invested in the contract. We determine the withdrawal
charge separately for each contribution according to the following table:




- --------------------------------------------------------------------------------
                                         Contract Year
- --------------------------------------------------------------------------------
                    1      2      3      4      5      6      7      8+
- --------------------------------------------------------------------------------
                                            
  Percentage of
  Contribution     7.0%   6.0%   5.0%   4.0%   3.0%   2.0%   1.0%   0.0%
- --------------------------------------------------------------------------------


For purposes of calculating the withdrawal charge, we treat the contract year
in which we receive a contribution as "contract year 1." Amounts withdrawn up
to the free withdrawal amount are not considered withdrawal of any
contribution. We also treat contributions that have been invested the longest
as being withdrawn first. We treat contributions as withdrawn before earnings
for purposes of calculating the withdrawal charge. However, federal income tax
rules treat earnings under your contract as withdrawn first. See "Tax
information" later in this Prospectus.

We deduct the withdrawal charge from your account value in proportion to the
amount withdrawn from each fixed maturity option and any amounts held in the
separate account to provide for payments off maturity dates. In order to give
you the exact dollar amount of the withdrawal you request, we deduct the amount
of the withdrawal and the amount of the withdrawal charge from your account
value. Any amount deducted to pay a withdrawal charge is also subject to a
withdrawal charge.

The withdrawal charge does not apply to the 10% free withdrawal amount
described below.


The 10% free withdrawal amount applies only to life annuity with a period
certain contracts (not including GMIB Income Manager(SM) contracts since there
are no withdrawal charges). It does not apply to your period certain contract
or if you surrender your contract to receive its cash value.


Under life annuity with a period certain contracts, each contract year you can
withdraw up to 10% of your account value without paying a withdrawal charge.
This 10% free withdrawal amount is determined using your account value at the
beginning of each contract year.

AMOUNTS APPLIED FROM OTHER CONTRACTS ISSUED BY AXA EQUITABLE


Life annuity with a period certain contract. If you own certain types of
contracts that we issue, you may apply the entire account value under those
contracts to purchase the life annuity with a period certain contract provided
the issue age and payment restrictions for the new contract are met. Depending
upon the provisions of your Accumulator(R) contract, the amount used to
purchase the GMIB Income Manager(SM) may be reduced by the remaining withdrawal
charges on any Accumulator(R) series contract being surrendered. If the
Accumulator(R) contract is a rollover TSA, we will also deduct the amount of
any outstanding loan balance, including any accrued unpaid interest. If you
apply your account value at a time when the dollar amount of the withdrawal
charge under such other contract is greater than 2% of remaining contributions
(after withdrawals), we reserve the right to waive the remaining withdrawal
charge. However, a new withdrawal charge schedule will apply under the new
contract. For purposes of the withdrawal charge schedule, the year in which
your account value is applied under the life annuity with a period certain
contract will be "contract year 1." If you apply your account value when the
dollar amount of the withdrawal charge is 2% or less, we reserve the right to
waive the withdrawal charges under the new contract. You should consider the
timing of your purchase as it relates to the potential for withdrawal charges
under the life annuity with a period certain contract.


Period certain contract. If you own certain types of contracts that we issue,
you may apply your entire account value to purchase the period certain contract
once any withdrawal charges are no longer in effect under the other contracts.
No withdrawal charges will apply under the period certain contract.


To purchase any Income Manager(SM) contract we require that you return your
original contract to us. A new Income Manager(SM) contract will be issued
putting this annuity into effect.



CHARGES FOR STATE PREMIUM AND OTHER APPLICABLE TAXES


We deduct a charge designed to approximate certain taxes that may be imposed
upon us, such as premium taxes in your state. We deduct the charge from your
contributions. The current tax charge that might be imposed varies by
jurisdiction and ranges from 0% to 3.5%. This deduction may not apply for
certain GMIB Income Manager(SM) contracts.



GROUP OR SPONSORED ARRANGEMENTS

For certain group or sponsored arrangements, we may reduce the withdrawal
charge or change the minimum initial contribution requirements. We also may
increase the rates to maturity for the fixed maturity options and reduce
purchase rates for the life contingent annuity. Group arrangements include
those in which a trustee or an employer, for example, purchases contracts
covering a group of individuals on a group basis. Sponsored arrangements
include those in which an employer allows us to sell contracts to its employees
or retirees on an individual basis. IRA contracts are not available for group
arrangements.


                                                                     Charges  19



Our costs for sales, administration, and mortality generally vary with the size
and stability of the group or sponsoring organization, among other factors. We
take all these factors into account when reducing charges. To qualify for
reduced charges, a group or sponsored arrangement must meet certain
requirements, such as requirements for size and number of years in existence.
Group or sponsored arrangements that have been set up solely to buy contracts
or that have been in existence less than six months will not qualify for
reduced charges.

We will make these and any similar reductions according to our rules in effect
when we approve a contract for issue. We may change these rules from time to
time. Any variation in the withdrawal charge will reflect differences in costs
or services and will not be unfairly discriminatory.

Group or sponsored arrangements may be governed by federal income tax rules,
the Employee Retirement Income Security Act of 1974, or both. We make no
representations with regard to the impact of these and other applicable laws on
such programs. We recommend that employers, trustees, and others purchasing or
making contracts available for purchase under such programs seek the advice of
their own legal and benefits advisers.


OTHER DISTRIBUTION ARRANGEMENTS

We may reduce or eliminate withdrawal charges when sales are made in a manner
that results in savings of sales and administrative expenses. This may include
sales through persons who are compensated by clients for recommending
investments and who receive no commission or reduced commissions in connection
with the sale of the contracts. We will not permit a reduction or elimination
of the withdrawal charge where it will be unfairly discriminatory.


20  Charges



4. Payment of death benefit

- --------------------------------------------------------------------------------
YOUR BENEFICIARY

You designate your beneficiary when you apply for your contract. You may change
your beneficiary at any time. The change will be effective on the date the
written request for change is signed. For Income Manager(SM) contracts only,
where payments have not started; and you are not the annuitant; and you have
not named a specific successor owner, the beneficiary will become the successor
owner upon your death.


YOUR ANNUITY PAYOUT OPTIONS (NOT INCLUDING GMIB INCOME MANAGER(SM) CONTRACTS)


If the annuitant dies before annuity payments begin, your beneficiary may elect
to apply the death benefit to an annuity payout option. We offer several
annuity payout options to choose from. Restrictions apply, depending on the
type of contract you own. Please see "Contract features and benefits" under the
"Death benefit" sections earlier in this Prospectus for more information.


ANNUITY PAYOUT OPTIONS

Your beneficiary can choose from among the following death benefit annuity
payout options:

o  Life annuity: An annuity that guarantees payments for the rest of the
   annuitant's life. Payments end with the last payment before the annuitant's
   death. Because there is no death benefit with this payout option, it provides
   the highest payment of any of the life annuity options, so long as the
   annuitant is living.

o  Life annuity -- period certain: An annuity that guarantees payments for the
   rest of the annuitant's life, and, if the annuitant dies before the end of a
   selected period of time ("period certain"), payments to the beneficiary will
   continue for the balance of the period certain.

o  Life annuity -- refund certain: An annuity that guarantees payments for the
   rest of the annuitant's life. If the annuitant dies before the amount applied
   to purchase the annuity option has been recovered, payments continue to the
   beneficiary until that amount has been recovered.

o  Period certain annuity: An annuity that guarantees payments for a specific
   period of time, usually 5, 10, 15 or 20 years. This option does not guarantee
   payments for the rest of the annuitant's life. It does not permit any
   repayment of the unpaid principal, so you cannot elect to receive part of the
   payments as a single sum payment with the rest paid in monthly annuity
   payments.

The life annuity; life annuity -- period certain and the life annuity -- refund
certain are available on either single life or joint and survivor life basis.
The joint and survivor life annuity guarantees payments for the rest of the
annuitant's life and, after the annuitant's death, continuation of payments to
the survivor.

All of the above annuity payout options are available as fixed annuities. With
fixed annuities, we guarantee fixed annuity payments that will be based either
on the tables of guaranteed annuity payments in your contract or on our then
current annuity rates, whichever is more favorable for the annuitant.

When the beneficiary selects a payout option, we will issue a separate written
agreement confirming the beneficiary's right to receive annuity payments. We
require the return of the contract before annuity payments begin.


The amount of the annuity payments will depend on the amount applied to
purchase the annuity, the type of annuity chosen and, in the case of a life
annuity, the annuitant's age (or the annuitant's and joint annuitant's ages)
and in certain instances, the sex of the annuitant(s). Once a payout option has
been chosen and payments begin, no change can be made. The amount of each
annuity payment will be less with a greater frequency of payments or with a
longer duration of a non-life contingent annuity or the certain period of a
life contingent annuity. Your financial professional can provide you with
additional information about your annuity payment options.


At the time that the beneficiary elects a payout option if the amount to be
applied is less than $2,000, or the initial payment under the form elected is
less than $20 monthly, we reserve the right to pay the account value in a
single sum rather than as payments under the payout option chosen.


                                                    Payment of death benefit  21



5. Tax information

- --------------------------------------------------------------------------------

OVERVIEW

In this part of the prospectus, we discuss the current federal income tax rules
that generally apply to Income Manager(SM) contracts owned by United States
individual taxpayers. We discuss the tax aspects of each type of contract
separately because the tax rules differ, depending on:


o  the type of contract, whether NQ, traditional IRA, or Roth IRA,


o  how you acquired your Income Manager(SM) contract, whether by purchase or
   exercising your GMIB benefit in accordance with your Accumulator(R) series
   contract, and


o  whether you have deferred your annuity payout start date.


The Income Manager(SM) contract is intended to be a payout annuity. However,
except for GMIB Income Manager(SM) contracts, you may be able to delay beginning
payments, and certain rules governing deferred annuity contracts indicated
below could apply.

Federal income tax rules include the United States laws in the Internal Revenue
Code and Treasury Department Regulations and Internal Revenue Service ("IRS")
interpretations of the Internal Revenue Code. These tax rules may change
without notice. We cannot predict whether, when, or how these rules could
change. Any change could affect contracts purchased before the change. Congress
may also consider proposals in the future to comprehensively reform or overhaul
the United States tax and retirement systems, which if enacted, could affect
the tax benefits of a contract. We cannot predict what, if any, legislation
will actually be proposed or enacted.

We cannot provide detailed information on all tax aspects of the contracts.
Moreover, the tax aspects that apply to a particular person's contract may vary
depending on the facts applicable to that person. We do not discuss state
income and other state taxes, federal income tax and withholding rules for
non-U.S. taxpayers, or federal gift and estate taxes. Transfers of the
contract, rights or values under the contract, or payments under the contract,
for example, amounts due to beneficiaries, may be subject to federal or state
gift, estate or inheritance taxes. You should not rely only on this document,
but should consult your tax adviser before your purchase.


TAXATION OF NONQUALIFIED ANNUITIES

CONTRIBUTIONS

You may not deduct the amount of your contributions to a nonqualified annuity
contract.

CONTRACT EARNINGS

Generally, you are not taxed on contract earnings until you receive a
distribution from your contract, whether as a withdrawal, or as an annuity
payment. Earnings in a deferred annuity contract are taxable even without a
distribution if you transfer a contract, for example, as a gift to someone
other than your spouse (or former spouse).

All nonqualified deferred annuity contracts that AXA Equitable and its
affiliates issue to you during the same calendar year are linked together and
treated as one contract when figuring out the taxable amount of any
distribution from any of those contracts.

Corporations, partnerships, trusts and other non-natural persons generally
cannot defer the taxation of current income credited to the contract unless an
exception under the federal income tax rules apply. There is an exception for
immediate annuities.

- --------------------------------------------------------------------------------
Immediate annuities are generally annuities in which payments begin within one
year from purchase and provide for a series of substantially equal payments
made at least annually.
- --------------------------------------------------------------------------------

Please note that a payout contract purchased through a 1035 exchange may not be
treated as an immediate annuity.


ANNUITY PAYMENTS

Once annuity payments begin, a portion of each payment is taxable as ordinary
income. You get the remaining portion without paying taxes on it. This is your
"investment in the contract." Generally, your investment in the contract equals
the contributions you made, less any amounts you previously withdrew that were
not taxable.

The tax-free portion of each payment is determined by (1) dividing your
investment in the contract by the total amount you are expected to receive out
of the contract, and (2) multiplying the result by the amount of the payment.

Once you have received the amount of your investment in the contract, all
payments after that are fully taxable. If payments under a life annuity stop
because the annuitant dies, there is an income tax deduction for any
unrecovered investment in the contract.

- --------------------------------------------------------------------------------

The section below, "Withdrawals made before annuity payments begin," applies to
NQ contracts which are deferred and does not apply to GMIB Income Manager(SM)
contracts.

- --------------------------------------------------------------------------------

WITHDRAWALS MADE BEFORE ANNUITY PAYMENTS BEGIN


If you make withdrawals before annuity payments begin under your contract, they
are taxable to you as ordinary income if there are earnings in the contract.
Generally, earnings are your account value less your investment in the
contract. If you withdraw an amount which is more than the earnings in the
contract as of the date of the


22  Tax information



withdrawal, the balance of the distribution is treated as a return of your
investment in the contract and is not taxable.

- --------------------------------------------------------------------------------

The section below, "Contracts purchased through exchanges," applies to NQ
contracts which are deferred and does not apply to GMIB Income Manager(SM)
contracts.
- --------------------------------------------------------------------------------

CONTRACTS PURCHASED THROUGH EXCHANGES


You may purchase your NQ contract through an exchange of another contract.
Normally, exchanges of contracts are taxable events. The exchange will not be
taxable under Section 1035 of the Internal Revenue Code if:

o  The contract which is the source of the funds you are using to purchase the
   NQ contract is another nonqualified deferred annuity contract or life
   insurance or endowment contract.


o  The owner and the annuitant are the same under the source contract and the
   Income Manager(SM) contract. If you are using a life insurance or endowment
   contract the owner and the insured must be the same on both sides of the
   exchange transaction.

Section 1035 exchanges are generally not available after the death of the
individual who is the measuring life on the exchanged contract (owner or
annuitant).

The tax basis of the source contract carries over to the Income Manager(SM) NQ
contract.

An owner may direct the proceeds of a partial withdrawal from one nonqualified
deferred annuity contract to a different insurer to purchase a new nonqualified
deferred annuity contract on a tax-deferred basis. Special forms, agreement
between the carriers, and provision of cost basis information may be required
to process this type of an exchange. You should also note that the Internal
Revenue Service has announced its intention to challenge transactions where
taxpayers enter into serial partial exchanges and annuitizations in order to
avoid income or penalties applicable to annuity contracts. Although the IRS has
not yet issued specific guidance on this point, you should discuss with your
tax adviser before you purchase an Income Manager(SM) contract, intended to be a
payout annuity, with partial 1035 exchange proceeds.


SURRENDERS

If you surrender or cancel the NQ contract, the distribution is taxable as
ordinary income (not capital gain) to the extent it exceeds your investment in
the contract.

WITHDRAWALS MADE AFTER ANNUITY PAYMENTS BEGIN

If you make a withdrawal that terminates all periodic payments due, it will be
taxable as a complete surrender as discussed above. If you make a withdrawal
that does not terminate all periodic payments due, then the withdrawal will
generally be taxable. Also, a portion of the remaining reduced payments will be
eligible for tax-free recovery of investment.

DEATH BENEFIT PAYMENT MADE TO A BENEFICIARY AFTER YOUR DEATH

For the rules applicable to death benefits, see "Payment of death benefit"
earlier in this Prospectus. The tax treatment of a death benefit taken as a
single sum is generally the same as the tax treatment of a withdrawal from or
surrender of your contract. The tax treatment of a death benefit taken as
annuity payments is generally the same as the tax treatment of annuity payments
under your contract.


EARLY DISTRIBUTION PENALTY TAX

If you take distributions before you are age 59-1/2 a penalty tax of 10% of the
taxable portion of your distribution applies in addition to the income tax. The
extra penalty tax does not apply to pre-age 59-1/2 distributions made:

o  on or after your death; or

o  because you are disabled (special federal income tax definition); or

o  in the form of substantially equal periodic annuity payments for your life
   (or life expectancy), or the joint lives (or joint life expectancies) of you
   and a beneficiary, in accordance with IRS formulas; or

o  payments under an immediate annuity.

Periodic annuity payments we make to you from the life annuity with a period
certain while you are under age 59-1/2 should qualify for the "substantially
equal payments for life" exception noted above. However, this exception may not
apply if you take a withdrawal, surrender your contract or change the payment
pattern in any way.

Please note that a payout contract purchased through a 1035 exchange may not be
treated as an immediate annuity.


SPECIAL RULES FOR NQ CONTRACTS ISSUED IN PUERTO RICO

Income from NQ contracts we issue is U.S. source. A Puerto Rico resident is
subject to U.S. taxation on such U.S. source income. Only Puerto Rico-source
income of Puerto Rico residents is excludable from U.S. taxation. Income from
NQ contracts is also subject to Puerto Rico tax. The computation of the taxable
portion of amounts distributed from a contract may differ in the two
jurisdictions. Therefore, you might have to file both U.S. and Puerto Rico tax
returns, showing different amounts of income from the contract for each tax
return. Puerto Rico generally provides a credit against Puerto Rico tax for
U.S. tax paid. Depending on your personal situation and the timing of the
different tax liabilities, you may not be able to take full advantage of this
credit.


INDIVIDUAL RETIREMENT ARRANGEMENTS ("IRAS")


GENERAL

"IRA" stands for individual retirement arrangement. There are two basic types
of such arrangements, individual retirement accounts and individual retirement
annuities. In an individual retirement account, a trustee or custodian holds
the assets for the benefit of the IRA owner. The assets typically include
mutual funds and/or individual stocks and securities in a custodial account and
bank certificates of deposit in a trusteed account. In an individual retirement
annuity, an insurance company issues an annuity contract that serves as the
IRA.

There are two basic types of IRAs, as follows:

o Traditional IRAs, typically funded on a pre-tax basis; and

                                                             Tax information  23



o  Roth IRAs, funded on an after-tax basis.


We offer the Income Manager(SM) contract for purchase only in traditional IRA
form. We offer the GMIB Income Manager(SM) contract in traditional IRA form or
Roth IRA form, depending on the status of your Accumulator(R) series contract.


Regardless of the type of IRA, your ownership interest in the IRA cannot be
forfeited. You or your beneficiaries who survive you are the only ones who can
receive the IRA's benefits or payments. All types of IRAs qualify for tax
deferral, regardless of the funding vehicle selected.

You can hold your IRA assets in as many different accounts and annuities as you
would like, as long as you meet the rules for setting up and making
contributions to IRAs. However, if you own multiple IRAs, you may be required
to combine IRA values or contributions for tax purposes. For further
information about individual retirement arrangements, you can read Internal
Revenue Service Publication 590 ("Individual Retirement Arrangements (IRAs)").
This Publication is usually updated annually, and can be obtained from any IRS
district office or the IRS website (www.irs.gov).

AXA Equitable designs its traditional IRA contracts to qualify as individual
retirement annuities under Section 408(b) of the Internal Revenue Code. This
prospectus contains the information that the IRS requires you to have before
you purchase an IRA. This section of the prospectus covers some of the special
tax rules that apply to IRAs.


We have not submitted to the IRS a request for an opinion letter to approve the
form of the Income Manager(SM) traditional IRA contract for use as a traditional
IRA contract. This IRS approval is a determination only as to the form of the
annuity. It does not represent a determination of the merits of the annuity as
an investment.


CANCELLATION


You can cancel an Income Manager(SM) IRA contract by following the directions
under "Your right to cancel within a certain number of days" earlier in the
Prospectus. If you cancel an IRA contract, we may have to withhold tax, and we
must report the transaction to the IRS. A contract cancellation could have an
unfavorable tax impact.


TRADITIONAL INDIVIDUAL RETIREMENT ANNUITIES ("TRADITIONAL IRAS")

- --------------------------------------------------------------------------------

The sections, "Contributions to traditional IRAs," "Rollover and transfer
contributions to traditional IRAs," "Rollovers from eligible retirement plans
other than traditional IRAs," "Rollovers of after-tax contributions from
eligible retirement plans other than traditional IRAs," "Rollovers from
traditional IRAs to traditional IRAs," "Spousal rollovers and divorce-related
direct transfers," and "Excess contributions" do not apply to GMIB Income
Manager(SM) contracts.

If you are acquiring your GMIB Income Manager(SM) contract by exercising your
GMIB benefit in accordance with your Accumulator(R) series contract, go to
"Withdrawals, payments and transfers of funds out of traditional IRAs," below;
the sections pertaining to contributions to traditional IRAs in the prospectus
are generally intended for individuals who acquire the Income Manager(SM)
traditional IRA contract by purchase.

- --------------------------------------------------------------------------------
CONTRIBUTIONS TO TRADITIONAL IRAS



Individuals may make three different types of contributions to purchase a
traditional IRA or as subsequent contributions to an existing IRA:


o  "regular" contributions out of earned income or compensation; or

o  tax-free "rollover" contributions; or


o  direct custodian-to-custodian transfers from other traditional IRAs ("direct
   transfers").

We require that your initial contribution to the Income Manager(SM) traditional
IRA contract must be either a rollover or a direct custodian-to-custodian
transfer. See "Rollover and transfer contributions to traditional IRAs" below.
If you defer your annuity payout starting date you may be able to make
additional contributions. Any additional contributions you make may be any of
rollover, direct transfer or regular contributions. Regular contributions to
IRAs are subject to a number of technical rules that differ depending on the
year, your age, whether you are an active participant in an employer-sponsored
plan, and your compensation. If you make subsequent regular contributions to
this contract, please consult your tax adviser or IRS Publication 590 for the
applicable rules.



ROLLOVER AND TRANSFER CONTRIBUTIONS TO TRADITIONAL IRAS

Rollover contributions may be made to a traditional IRA from these "eligible
retirement plans":

o  qualified plans;

o  governmental employer 457(b) plans;

o  TSAs (including Internal Revenue Code Section 403(b)(7) custodial accounts);
   and

o  other traditional IRAs.

Direct transfer contributions may only be made directly from one traditional
IRA to another.

Any amount contributed to a traditional IRA after you reach age 70-1/2 must be
net of your required minimum distribution for the year in which the rollover or
direct transfer contribution is made.


ROLLOVERS FROM "ELIGIBLE RETIREMENT PLANS" OTHER THAN TRADITIONAL IRAS


Your plan administrator will tell you whether or not your distribution is
eligible to be rolled over. Spousal beneficiaries and spousal alternate payees
under qualified domestic relations orders may roll over funds on the same basis
as the plan participant. Beginning in 2007, a non-spousal death beneficiary may
also be able to make rollover contributions to an individual retirement plan
under certain circumstances.


There are two ways to do rollovers:

o  Do it yourself:

   You actually receive a distribution that can be rolled over and you roll it
   over to a traditional IRA within 60 days after the date you receive the
   funds. The distribution from your qualified plan or TSA will be net of 20%
   mandatory federal income tax withholding. If you want, you can replace the
   withheld funds yourself and roll over the full amount.

o  Direct rollover:

   You tell the plan trustee or custodian of the eligible retirement plan


24  Tax information



   to send the distribution directly to your traditional IRA issuer. Direct
   rollovers are not subject to mandatory federal income tax withholding.

All distributions from a TSA, qualified plan or governmental employer 457(b)
plan are eligible rollover distributions, unless the distributions are:

o  "required minimum distributions" after age 70-1/2 or retirement from service
   with the employer; or

o  substantially equal periodic payments made at least annually for your life
   (or life expectancy) or the joint lives (or joint life expectancies) of you
   and your designated beneficiary; or

o  substantially equal periodic payments made for a specified period of 10 years
   or more; or

o  hardship withdrawals; or

o  corrective distributions which fit specified technical tax rules; or

o  loans that are treated as distributions; or

o  death benefit payments to a beneficiary who is not your surviving spouse; or

o  qualified domestic relations order distributions to a beneficiary who is not
   your current spouse or former spouse.

You should discuss with your tax adviser whether you should consider rolling
over funds from one type of tax qualified retirement plan to another, because
the funds will generally be subject to the rules of the recipient plan. For
example, funds in a governmental employer 457(b) plan are not subject to the
additional 10% federal income tax penalty for premature distributions, but they
may become subject to this penalty if you roll the funds to a different type of
eligible retirement plan such as a traditional IRA, and subsequently take a
premature distribution.


ROLLOVERS OF AFTER-TAX CONTRIBUTIONS FROM ELIGIBLE RETIREMENT PLANS OTHER THAN
TRADITIONAL IRAS


Any non-Roth after-tax contributions you have made to a qualified plan or TSA
(but not a governmental employer 457(b) plan) may be rolled over to a
traditional IRA (either in a direct rollover or a rollover you do yourself).
When the recipient plan is a traditional IRA, you are responsible for
recordkeeping and calculating the taxable amount of any distributions you take
from that traditional IRA. See "Taxation of Payments" later in this Prospectus
under "Withdrawals, payments and transfers of funds out of traditional IRAs."
After-tax contributions in a traditional IRA cannot be rolled over from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan.



ROLLOVERS FROM TRADITIONAL IRAS TO TRADITIONAL IRAS

You may roll over amounts from one traditional IRA to one or more of your other
traditional IRAs if you complete the transaction within 60 days after you
receive the funds. You may make such a rollover only once in every 12-month
period for the same funds. Trustee-to-trustee or custodian-to-custodian direct
transfers are not rollover transactions. You can make these more frequently
than once in every 12-month period.

SPOUSAL ROLLOVER AND DIVORCE-RELATED DIRECT TRANSFERS


The surviving spouse beneficiary of a deceased individual can roll over funds
from, or directly transfer funds from, an inherited traditional IRA to one or
more other traditional IRAs. Beginning in 2007, a non-spousal death beneficiary
may also be able to make rollover contributions to an individual retirement
plan under certain circumstances. Also, in some cases, traditional IRAs can be
transferred on a tax-free basis between spouses or former spouses as a result
of a court ordered divorce or separation decree.



EXCESS CONTRIBUTIONS

Excess contributions to IRAs are subject to a 6% excise tax for the year in
which made and for each year after until withdrawn. The following are excess
contributions to IRAs:

o  regular contributions of more than the maximum regular contribution amount
   for the applicable taxable year;

o  regular contributions to a traditional IRA made after you reach age 70-1/2;
   and

o  rollover contributions of amounts which are not eligible to be rolled over,
   for example, minimum distributions required to be made after age 70-1/2.

You can avoid the excise tax by withdrawing an excess contribution (rollover or
regular) before the due date (including extensions) for filing your federal
income tax return for the year. If it is an excess regular traditional IRA
contribution, you cannot take a tax deduction for the amount withdrawn. You do
not have to include the excess contribution withdrawn as part of your income.
It is also not subject to the 10% additional penalty tax on early distributions
discussed under "Early distribution penalty tax" later in this Prospectus. You
do have to withdraw any earnings that are attributed to the excess
contribution. The withdrawn earnings would be included in your gross income and
could be subject to the 10% penalty tax.

Even after the due date for filing your return, you may withdraw an excess
rollover contribution, without income inclusion or 10% penalty, if:

(1) the rollover was from an eligible retirement plan to a traditional IRA;

(2) the excess contribution was due to incorrect information that the plan
   provided; and

(3) you took no tax deduction for the excess contribution.


WITHDRAWALS, PAYMENTS AND TRANSFERS OF FUNDS OUT OF TRADITIONAL IRAS

NO FEDERAL INCOME TAX LAW RESTRICTIONS ON WITHDRAWALS. You can withdraw any or
all of your funds from a traditional IRA at any time. You do not need to wait
for a special event like retirement.

TAXATION OF PAYMENTS. Earnings in traditional IRAs are not subject to federal
income tax until you or your beneficiary receive them. Taxable payments or
distributions include withdrawals from your contract, surrender of your
contract and annuity payments from your contract. Death benefits are also
taxable.


                                                             Tax information  25



Except as discussed below, the total amount of any distribution from a
traditional IRA must be included in your gross income as ordinary income. We
report all payments from traditional IRA contracts on IRS Form 1099-R as fully
taxable.

If you have ever made nondeductible IRA contributions to any traditional IRA
(it does not have to be to this particular traditional IRA contract), those
contributions are recovered tax free when you get distributions from any
traditional IRA. It is your responsibility to keep permanent tax records of all
your nondeductible contributions to traditional IRAs so that you can correctly
report the taxable amount of any distribution on your own tax return. At the
end of any year in which you have received a distribution from any traditional
IRA, you calculate the ratio of your total nondeductible traditional IRA
contributions (less any amounts previously withdrawn tax free) to the total
account balances of all traditional IRAs you own at the end of the year plus
all traditional IRA distributions made during the year. Multiply this by all
distributions from the traditional IRA during the year to determine the
nontaxable portion of each distribution.

A distribution from a traditional IRA is not taxable if:

o  the amount received is a withdrawal of excess contributions, as described
   under "Excess contributions" above; or

o  the entire amount received is rolled over to another traditional IRA or other
   eligible retirement plan which agrees to accept the funds, (See "Rollovers
   from eligible retirement plans other than traditional IRAs" under "Rollover
   and transfer contributions to traditional IRAs" above).

The following are eligible to receive rollovers of distributions from a
traditional IRA: a qualified plan, a TSA or a governmental employer 457(b)
plan. After-tax contributions in a traditional IRA cannot be rolled from your
traditional IRA into, or back into, a qualified plan, TSA or governmental
employer 457(b) plan. Before you decide to roll over a distribution from a
traditional IRA to another eligible retirement plan, you should check with the
administrator of that plan about whether the plan accepts rollovers and, if so,
the types it accepts. You should also check with the administrator of the
receiving plan about any documents required to be completed before it will
accept a rollover.


Since the Income Manager(SM) annuity is intended to be a payout contract, it may
not be an appropriate contract if you intend to roll over funds later.
Allocation of funds to the life contingent annuity may make it difficult for
you to roll the contract over to another eligible retirement plan.


Distributions from a traditional IRA are not eligible for favorable ten-year
averaging and long-term capital gain treatment available to distributions from
qualified plans. If you might be eligible for such tax treatment from your
qualified plan, you may be able to preserve such tax treatment even though an
eligible rollover from a qualified plan is temporarily rolled into a "conduit
IRA" before being rolled back into a qualified plan. See your tax adviser.


Certain distributions from IRAs in 2007 directly transferred to charitable
organizations may be tax-free to IRA owners who are 70-1/2 or older.


REQUIRED MINIMUM DISTRIBUTIONS


BACKGROUND ON REGULATIONS--REQUIRED MINIMUM DISTRIBUTIONS


Distributions must be made from traditional IRAs according to the rules
contained in the Code and Treasury Regulations. Beginning in 2006, certain
provisions of the Treasury Regulations require that the actuarial present value
of additional annuity contract benefits be added to the dollar amount credited
for purposes of calculating certain types of required minimum distributions
from individual retirement annuity contracts. This could increase the annual
amount required to be distributed from these contracts. Generally, these
provisions will not apply to Income Manager(SM) contracts. They could apply if
you defer your payment start dates, and if account-based withdrawals, as
discussed below, are done before annuitization. In addition, other provisions
of the Treasury Regulations may adversely affect increasing payment GMIB Income
Manager(SM) IRAs beginning in 2006. You should consult with your tax advisor
before you elect to take increasing payments from GMIB Income Manager(SM) IRAs.


LIFETIME REQUIRED MINIMUM DISTRIBUTIONS. You must start taking annual
distributions from your traditional IRAs for the year in which you turn age
70-1/2.


WHEN YOU HAVE TO TAKE THE FIRST LIFETIME REQUIRED MINIMUM DISTRIBUTION. The
first required minimum distribution is for the calendar year in which you turn
age 70-1/2. You have the choice to take this first required minimum distribution
during the calendar year you actually reach age 70-1/2, or to delay taking it
until the first three-month period in the next calendar year (January 1 - April
1). Distributions must start no later than your "Required Beginning Date,"
which is April 1st of the calendar year after the calendar year in which you
turn age 70-1/2. If you choose to delay taking the first annual minimum
distribution, then you will have to take two minimum distributions in that year
- -- the delayed one for the first year and the one actually for that year. Once
minimum distributions begin, they must be made at some time each year.


HOW YOU CAN CALCULATE REQUIRED MINIMUM DISTRIBUTIONS. There are two approaches
to taking required minimum distributions -- "account-based" or "annuity-based."
If you are acquiring your GMIB Income Manager(SM) contract by exercising your
GMIB benefit in accordance with your Accumulator(R) series contract, and
generally for Income Manager(SM) contracts where the payout starting date is not
deferred, the annuity-based method applies.


Account-based method. If you choose an account-based method, you divide the
value of your traditional IRA as of December 31st of the past calendar year by
a number corresponding to your age from an IRS table. This gives you the
required minimum distribution amount for that particular IRA for that year. If
your spouse is your sole beneficiary and more than 10 years younger than you,
the dividing number you use may be from another IRS table and may produce a
smaller lifetime required minimum distribution amount. Regardless of the table
used, the required minimum distribution amount will vary each year as the
account value, the actuarial present value of additional annuity contract
benefits, if applicable, and the divisor change. If you initially choose an
account-based method, you may later apply your traditional


26  Tax information



IRA funds to a life annuity-based payout with any certain period not exceeding
remaining life expectancy, determined in accordance with IRS tables.

Annuity-based method. If you choose an annuity-based method, you do not have to
do annual calculations. You apply the account value to an annuity payout for
your life or the joint lives of you and a designated beneficiary, or for a
period certain not extending beyond applicable life expectancies, determined in
accordance with IRS tables.

DO YOU HAVE TO PICK THE SAME METHOD TO CALCULATE YOUR REQUIRED MINIMUM
DISTRIBUTIONS FOR ALL OF YOUR TRADITIONAL IRAS AND OTHER RETIREMENT PLANS? No.
If you want, you can choose a different method for each of your traditional
IRAs and other retirement plans. For example, you can choose an annuity payout
from one IRA, a different annuity payout from a qualified plan, and an
account-based annual withdrawal from another IRA.

WILL WE PAY YOU THE ANNUAL AMOUNT EVERY YEAR FROM YOUR TRADITIONAL IRA BASED ON
THE METHOD YOU CHOOSE? No, we do not automatically make distributions from your
contract before your annuity payments begin. We will calculate the amount of an
account-based required minimum distribution withdrawal for you, if you so
request in writing. However, in that case you will be responsible for asking us
to pay the required minimum distribution withdrawal to you. Also, the IRS will
let you calculate the required minimum distribution for each traditional IRA
that you maintain, using the method that you picked for that particular IRA.
You can add these required minimum distribution amount calculations together.
As long as the total amount you take out every year satisfies your overall
traditional IRA required minimum distribution amount, you may choose to take
your annual required minimum distribution from any one or more traditional IRAs
that you own.

WHAT IF YOU TAKE MORE THAN YOU NEED TO FOR ANY YEAR? The required minimum
distribution amount for your traditional IRAs is calculated on a year-by-year
basis. There are no carry-back or carry-forward provisions. Also, you cannot
apply required minimum distribution amounts you take from your qualified plans
to the amounts you have to take from your traditional IRAs and vice versa.

WHAT IF YOU TAKE LESS THAN YOU NEED TO FOR ANY YEAR? Your IRA could be
disqualified, and you could have to pay tax on the entire value. Even if your
IRA is not disqualified, you could have to pay a 50% penalty tax on the
shortfall (required amount for traditional IRAs less amount actually taken). It
is your responsibility to meet the required minimum distribution rules. We will
remind you when our records show that you are within the age group which must
take lifetime required minimum distributions. If you do not select a method
with us, we will assume you are taking your required minimum distribution from
another traditional IRA that you own.

WHAT ARE THE REQUIRED MINIMUM DISTRIBUTION PAYMENTS AFTER YOU DIE? These could
vary depending on whether you die before or after your Required Beginning Date
for lifetime required minimum distribution payments, and the status of your
beneficiary. The following assumes that you have not yet elected an
annuity-based payout at the time of your death. If you elect an annuity-based
payout, payments (if any) after your death must be made at least as rapidly as
when you were alive.

INDIVIDUAL BENEFICIARY. Regardless of whether your death occurs before or after
your Required Beginning Date, an individual death beneficiary calculates annual
post-death required minimum distribution payments based on the beneficiary's
life expectancy using the "term certain method." That is, he or she determines
his or her life expectancy using the IRS-provided life expectancy tables as of
the calendar year after the owner's death and reduces that number by one each
subsequent year.

If you die before your Required Beginning Date, the rules permit any individual
beneficiary, including a spousal beneficiary, to elect instead to apply the
"5-year rule." Under this rule, instead of annual payments having to be made
beginning with the first in the year following the owner's death, the entire
account must be distributed by the end of the calendar year which contains the
fifth anniversary of the owner's death. No distribution is required before that
fifth year.

SPOUSAL BENEFICIARY. If you die after your Required Beginning Date, and your
death beneficiary is your surviving spouse, your spouse has a number of
choices. Post-death distributions may be made over your spouse's single life
expectancy. Any amounts distributed after that surviving spouse's death are
made over the spouse's life expectancy calculated in the year of his/her death,
reduced by one for each subsequent year. In some circumstances, your surviving
spouse may elect to become the owner of the traditional IRA and halt
distributions until he or she reaches age 70-1/2, or roll over amounts from your
traditional IRA into his/her own traditional IRA or other eligible retirement
plan.

If you die before your Required Beginning Date, and the death beneficiary is
your surviving spouse, the rules permit the spouse to delay starting payments
over his/her life expectancy until the year in which you would have attained
age 70-1/2.

NON-INDIVIDUAL BENEFICIARY. If you die after your Required Beginning Date, and
your death beneficiary is a non-individual, such as the estate, the rules
permit the beneficiary to calculate post-death required minimum distribution
amounts based on the owner's life expectancy in the year of death. However,
note that we need an individual annuitant to keep an annuity
contract/certificate in force. If the beneficiary is not an individual, we must
distribute amounts remaining in the annuity contract after the death of the
annuitant.

If you die before your Required Beginning Date for lifetime required minimum
distribution payments, and the death beneficiary is a non-individual, such as
the estate, the rules continue to apply the 5-year rule discussed above under
"Individual beneficiary." Please note that we need an individual annuitant to
keep an annuity contract/certificate in force. If the beneficiary is not an
individual, we must distribute amounts remaining in the annuity contract after
the death of the annuitant.

IMPORTANT INFORMATION ABOUT MINIMUM DISTRIBUTIONS UNDER YOUR CONTRACT

Although the life contingent annuity portion of the life annuity with a period
certain does not have a cash value, it will be assigned a value for tax
purposes. This value will generally be changed each year. If you are using the
account-based withdrawal method because you have deferred the payment start
date for example, when you determine the


                                                             Tax information  27



amount of account-based required minimum distributions from your IRA this value
must be included. This must be done before annuity payments begin even though
the life contingent annuity may not be providing a source of funds to satisfy
the required minimum distributions.

If you surrender your contract, or withdraw any remaining account value before
your annuity payments begin, it may be necessary for you to satisfy your
required minimum distribution by moving forward the start date of payments
under your life contingent annuity. Or to the extent available, you have to
take distributions from other IRA funds you may have. Or, you may convert your
IRA life contingent annuity under the IRA contract to a nonqualified life
contingent annuity. This would be viewed as a distribution of the value of the
life contingent annuity from your IRA, and therefore, would be a taxable event.
However, since the life contingent annuity would no longer be part of the IRA,
you would not have to include its value when determining future required
minimum distributions.

If you have elected a joint and survivor form of the life contingent annuity,
the joint annuitant must be your spouse. In the event of your death or the
death of your spouse the value of such annuity will change. For this reason, it
is important that someone tell us if you or your spouse dies before the life
contingent annuity has started payments so that a lower valuation can be made.
Otherwise, a higher tax value may result in an overstatement of the amount that
would be necessary to satisfy your required minimum distribution amount.


SUCCESSOR ANNUITANT AND OWNER

If your spouse is the sole primary beneficiary and elects to become the
successor annuitant and owner, no death benefit is payable until your surviving
spouse's death.


PAYMENTS TO A BENEFICIARY AFTER YOUR DEATH

IRA death benefits are taxed the same as IRA distributions.


BORROWING AND LOANS ARE PROHIBITED TRANSACTIONS

You cannot get loans from a traditional IRA. You cannot use a traditional IRA
as collateral for a loan or other obligation. If you borrow against your IRA or
use it as collateral, its tax-favored status will be lost as of the first day
of the tax year in which this prohibited event occurs. If this happens, you
must include the value of the traditional IRA in your federal gross income.
Also, the early distribution penalty tax of 10% may apply if you have not
reached age 59-1/2 before the first day of that tax year.


EARLY DISTRIBUTION PENALTY TAX

A penalty tax of 10% of the taxable portion of a distribution applies to
distributions from a traditional IRA made before you reach age 59-1/2. Some of
the available exceptions to the pre-age 59-1/2 penalty tax include distributions
made:

o  on or after your death;

o  because you are disabled (special federal income tax definition);

o  used to pay certain extraordinary medical expenses (special federal income
   tax definition);

o  used to pay medical insurance premiums for unemployed individuals (special
   federal income tax definition);

o  used to pay certain first-time home buyer expenses (special federal income
   tax definition; $10,000 lifetime total limit for these distributions from all
   your traditional and Roth IRAs);

o  used to pay certain higher education expenses (special federal income tax
   definition); or

o  in the form of substantially equal periodic payments made at least annually
   over your life (or your life expectancy), or over the joint lives of you and
   your beneficiary (or your joint life expectancy) using an IRS-approved
   distribution method.


WILL PAYMENTS WE MAKE TO YOU FROM THE LIFE ANNUITY WITH A PERIOD CERTAIN WHILE
YOU ARE UNDER AGE 59-1/2 QUALIFY AS SUBSTANTIALLY EQUAL PAYMENTS FOR LIFE?

Same as nonqualified annuities under "Early distribution penalty tax."



ROTH IRA GMIB INCOME MANAGER(SM) CONTRACTS


Before you exercise your GMIB benefit in accordance with your Accumulator(R)
series Roth IRA contract, you should discuss with your tax adviser the tax
consequences of distributions from a Roth IRA which may apply to your personal
situation.

Payments from traditional IRAs and Roth IRAs are taxed differently. Payments
from traditional IRAs are generally fully taxable, as discussed earlier in this
prospectus. In any event, the issuer of the traditional IRA is entitled to
report distributions from traditional IRAs as fully taxable and it is the IRA
owner's responsibility to calculate the taxable and tax-free portions of any
traditional IRA payments on the owner's tax return.

Distributions from Roth IRAs generally receive return of contribution treatment
first under federal income tax calculation rules before any income is taxable.
Certain distributions from Roth IRAs may qualify for fully tax-free treatment.
These are distributions after you reach age 59-1/2, die, become disabled or meet
a qualified first-time homebuyer tax rule. You also have to meet a five-year
aging period, which begins when you first contribute funds to any Roth IRA.


For example, if you purchased an Accumulator(R) series traditional IRA contract
in 2000 and did not convert it into a Roth IRA until 2003, and if your
Accumulator(R) series contract is your sole Roth IRA, you have not yet met the
five-year aging period if you exercise your GMIB benefit in 2007. In that case,
payments received before the five-year aging period is met, are treated first
as a recovery of contributions to the Roth IRA, and next as ordinary income,
after all contributions are recovered.


Taxable withdrawals or distributions from Roth IRAs may be subject to an
additional 10% penalty tax if you are under age 59-1/2, unless an exception
applies.

Since federal income rules require Roth IRA owners to aggregate all of their
Roth IRAs together to determine the tax treatment and taxable


28  Tax information




amount, if any, of distributions and payments from Roth IRAs, the issuer of any
Roth IRA contract generally reports on IRS Form 1099-R only the amount of
distributions and payments it makes for the year as "taxable amount not
determined." It is your responsibility to calculate on your tax return the
tax-free, contribution recovery, or taxable income amounts as applicable.


As discussed earlier in this prospectus, traditional IRAs are subject to
required minimum distribution rules which require that amounts begin to be
distributed in a prescribed manner from the IRA after the owner reaches age
70-1/2. These rules also require distributions after the owner's death. No
distributions are required to be made from Roth IRAs until after the Roth IRA
owner's death, but then the required minimum distribution rules apply.

As in the case of a traditional IRA, borrowing and loans are prohibited
transactions for a Roth IRA.


FEDERAL AND STATE INCOME TAX WITHHOLDING AND INFORMATION REPORTING

We must withhold federal income tax from distributions from annuity contracts.
You may be able to elect out of this income tax withholding in some cases.
Generally, we do not have to withhold if your distributions are not taxable.
The rate of withholding will depend on the type of distribution and, in certain
cases, the amount of your distribution. Any income tax withheld is a credit
against your income tax liability. If you do not have sufficient income tax
withheld or do not make sufficient estimated income tax payments, you may incur
penalties under the estimated income tax rules.

Note that we are required to withhold on the gross amount of a distribution
from a Roth IRA to the extent it is reasonable for us to believe that a
distribution is includable in your gross income. This may result in tax being
withheld even though the Roth IRA distribution is ultimately not taxable. You
may elect out of withholding as described below.

You must file your request not to withhold in writing before the payment or
distribution is made. Our Processing Office will provide forms for this
purpose. You cannot elect out of withholding unless you provide us with your
correct Taxpayer Identification Number and a United States residence address.
You cannot elect out of withholding if we are sending the payment out of the
United States. We might have to withhold and/or report on amounts we pay under
a free look or cancellation.

Special withholding rules apply to foreign recipients and United States
citizens residing outside the United States. We do not discuss these rules here
in detail. However, we may require additional documentation in the case of
payments made to non-United States persons and United States persons living
abroad prior to processing any requested transaction.

Certain states have indicated that state income tax withholding will also apply
to payments from the contracts made to residents. In some states, you may elect
out of state withholding, even if federal withholding applies. Generally, an
election out of federal withholding will also be considered an election out of
state withholding. If you need more information concerning a particular state
or any required forms, call our Processing Office at their toll-free number.

If you are receiving periodic and/or non-periodic payments, you will be
notified of the withholding requirements and of your right to make withholding
elections.


FEDERAL INCOME TAX WITHHOLDING ON PERIODIC ANNUITY PAYMENTS

We withhold differently on "periodic" and "non-periodic" payments. For a
periodic annuity payment, for example, unless you specify a different number of
withholding exemptions, we withhold assuming that you are married and claiming
three withholding exemptions. If you do not give us your correct Taxpayer
Identification Number, we withhold as if you are single with no exemptions.


Based on the assumption that you are married and claiming three withholding
exemptions, if you receive less than $18,240 in periodic annuity payments in
2007 your payments will generally be exempt from federal income tax
withholding. You could specify a different choice of withholding exemption or
request that tax be withheld. Your withholding election remains effective
unless and until you revoke it. You may revoke or change your withholding
election at any time.



FEDERAL INCOME TAX WITHHOLDING ON NON-PERIODIC ANNUITY PAYMENTS

For a non-periodic distribution (total surrender or partial withdrawal) we
generally withhold at a flat 10% rate. We apply that rate to the taxable amount
in the case of nonqualified contracts, and to the payment amount in the case of
IRAs.


                                                             Tax information  29



6. More information

- --------------------------------------------------------------------------------
ABOUT OUR FIXED MATURITY OPTIONS

How we determine the market value adjustment. We use the following procedure to
calculate the market value adjustment (positive or negative) we make if you
withdraw all of your value from a fixed maturity option before its maturity
date.

(1) We determine the market adjusted amount on the date of the withdrawal as
    follows:

    (a) We determine the fixed maturity amount that would be payable on the
        maturity date, using the rate to maturity for the fixed maturity
        option.

    (b) We determine the period remaining in your fixed maturity option (based
        on the withdrawal date) and convert it to fractional years based on a
        365-day year. For example, three years and 12 days becomes 3.0329.

    (c) We determine the current rate to maturity that applies on the
        withdrawal date to new allocations to the same fixed maturity option.

    (d) We determine the present value of the fixed maturity amount payable
        at the maturity date, using the period determined in (b) and the
        rate determined in (c).

(2) We determine the fixed maturity amount as of the current date.

(3) We subtract (2) from the result in (1)(d). The result is the market value
    adjustment applicable to such fixed maturity option, which may be positive
    or negative.

- --------------------------------------------------------------------------------
Your market adjusted amount is the present value of the maturity value
discounted at the rate to maturity in effect for new contributions to that same
fixed maturity option on the date of the calculation.
- --------------------------------------------------------------------------------
For purposes of calculating the rate to maturity for new allocations to a fixed
maturity option (see (1)(c) above), we use the rate we have in effect for new
allocations to that fixed maturity option. We use this rate even if new
allocations to that option would not be accepted at that time. This rate will
not be less than 3%. If we do not have a rate to maturity in effect for a fixed
maturity option to which the "current rate to maturity" in (1)(c) would apply,
we will use the rate at the next closest maturity date. If we are no longer
offering new fixed maturity options, the "current rate to maturity" will be
determined in accordance with our procedures then in effect. We reserve the
right to add up to 0.25% to the current rate in (1)(c) above for purposes of
calculating the market value adjustment only.

ABOUT THE SEPARATE ACCOUNT FOR THE FIXED MATURITY OPTIONS

Investments. Under New York Insurance law, the portion of the separate account
assets equal to the reserves and other contract liabilities relating to the
contracts are not chargeable with liabilities from any other business we may
conduct. We own the assets of the separate account, as well as any favorable
investment performance on those assets. You do not participate in the
performance of the assets held in this separate account. We may, subject to
state law which applies, transfer all assets allocated to the separate account
to our general account. We guarantee all benefits relating to your account
value in the fixed maturity options regardless of whether assets supporting
fixed maturity options are held in a separate account or our general account.

We have no specific formula for establishing the rates to maturity for the
fixed maturity options. We expect the rates to be influenced by, but not
necessarily correspond to, among other things, the yields that we can expect to
realize on the separate account's investments from time to time. Our current
plans are to invest in fixed-income obligations, including corporate bonds,
mortgage-backed and asset-backed securities and government and agency issues
having durations in the aggregate consistent with those of the fixed maturity
options.

Although the above generally describes our plans for investing the assets
supporting our obligations under the fixed maturity options, we are not
obligated to invest those assets according to any particular plan except as we
may be required to by state insurance laws. We will not determine the rates to
maturity we establish by the performance of the nonunitized separate account.

ABOUT OUR GENERAL ACCOUNT

Our general account supports all of our policy and contract guarantees,
including those that apply to the fixed maturity options, as well as our
general obligations. Amounts applied under the life contingent annuity become
part of our general account.

The general account is subject to regulation and supervision by the Insurance
Department of the State of New York and to the insurance laws and regulations
of all jurisdictions where we are authorized to do business. Interests under
the contracts in the general account have not been registered and are not
required to be registered under the Securities Act of 1933 because of
exemptions and exclusionary provisions that apply. The general account is not
required to register as an investment company under the Investment Company Act
of 1940 and it is not registered as an investment company under the Investment
Company Act of 1940. The market value adjustment interests under the contracts,
which are held in a separate account, are issued by AXA Equitable and are
registered under the Securities Act of 1933. The contract is a "covered
security" under the federal securities laws.

We have been advised that the staff of the SEC has not made a review of the
disclosure that is included in the prospectus for your information that relates
to the general account and the life contingent annuity. The disclosure,
however, may be subject to certain generally applicable provisions of the
federal securities laws relating to the accuracy and completeness of statements
made in prospectuses.

OTHER METHODS OF PAYMENT

WIRE TRANSMITTALS

We accept initial contributions sent by wire to our Processing Office by
agreement with certain broker-dealers. The transmittals must be


30  More information



accompanied by information we require to allocate your contribution. Wire
orders not accompanied by complete information may be retained as described
under "How you can make your contributions" in "Other benefits and features of
the contracts" earlier in this prospectus.

Even if we accept the wire order and essential information, a contract
generally will not be issued until we receive and accept a properly completed
application. In certain cases we may issue a contract based on information
forwarded electronically. Where we require a signed application, no financial
transactions will be permitted until we receive the signed application and have
issued the contract.

After your contract has been issued, additional contributions under the life
annuity with a period certain contract may be transmitted by wire.



ABOUT PAYMENTS UNDER PERIOD CERTAIN CONTRACTS

The following example illustrates a ten-year level stream of annual payments,
each in the amount of $10,000, purchased on February 15, 2007 with the first
payment on February 15, 2008. To achieve this result, a single contribution of
$81,797.42 is required, and is allocated among the fixed maturity options as
indicated below.







- --------------------------------------------------------------------------------
                                 Price per $100
  February 15th of                 of maturity       Allocation of
   calendar year       Payment        value          contribution
- --------------------------------------------------------------------------------
                                              
    2008              $10,000        $96.65            $  9,664.64
- --------------------------------------------------------------------------------
    2009              $10,000        $ 93.34           $  9,334.23
- --------------------------------------------------------------------------------
    2010              $10,000        $ 90.11           $  9,010.73
- --------------------------------------------------------------------------------
    2011              $10,000        $ 86.77           $  8,676.63
- --------------------------------------------------------------------------------
    2012              $10,000        $ 83.30           $  8,329.98
- --------------------------------------------------------------------------------
    2013              $10,000        $ 79.98           $  7,997.94
- --------------------------------------------------------------------------------
    2014              $10,000        $ 76.70           $  7,669.58
- --------------------------------------------------------------------------------
    2015              $10,000        $ 73.62           $  7,361.81
- --------------------------------------------------------------------------------
    2016              $10,000        $ 70.24           $  7,024.36
- --------------------------------------------------------------------------------
    2017              $10,000        $ 67.28           $  6,727.52
- --------------------------------------------------------------------------------
                                                Total  $ 81,797.42
- --------------------------------------------------------------------------------



DATES AND PRICES AT WHICH CONTRACT EVENTS OCCUR


BUSINESS DAY

Our "business day" is generally any day the New York Stock Exchange is open for
trading. A business day does not include any day we choose not to open due to
emergency conditions. We may also close early due to emergency conditions. Our
business day generally ends at 4:00 p.m., Eastern Time for purposes of
determining the date when contributions are applied and any other transaction
requests are processed; however, we may close or close early due to emergency
conditions. Contributions will be applied and any other transaction requests
will be processed when they are received along with all the required
information unless another date applies as indicated below.


If your contribution or any other transaction request containing all the
required information, reaches us on a non-business day or after 4:00 p.m.,
Eastern Time on a business day, we will use the next business day.


CONTRIBUTIONS

o  Contributions allocated to the fixed maturity options will receive the rate
   to maturity in effect for that fixed maturity option on that business day.


o  Contributions allocated to the separate account to provide for payments off
   maturity dates will receive the interest rate in effect on that business day
   or the same rate as the rate to maturity that applied to the expired fixed
   maturity option.


o  Contributions allocated to the life contingent annuity will be invested at
   the purchase rates in effect on that business day. If you are purchasing the
   Income Manager(SM) (life with a period certain) option in connection with
   your guaranteed minimum income benefit under certain contracts, you should
   note that the purchase rates used are more conservative (and therefore your
   payments may be smaller) than those we use for other Income Manager(SM)
   contracts.



ABOUT LEGAL PROCEEDINGS

AXA Equitable and its affiliates are parties to various legal proceedings. In
our view, none of these proceedings is likely to have a material adverse effect
upon our obligations under the contracts, or the distribution of the contracts.



TRANSFERS OF OWNERSHIP, COLLATERAL ASSIGNMENTS, LOANS, AND BORROWING

The contracts may not be assigned except through surrender to us. They may not
be borrowed against or used as collateral for a loan or other obligation.


DISTRIBUTION OF CONTRACTS


The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and
AXA Distributors, LLC ("AXA Distributors") (together the "Distributors").

AXA Advisors is an affiliate of AXA Equitable, and AXA Distributors is an
indirect wholly owned subsidiary of AXA Equitable. The Distributors are under
the common control of AXA Financial, Inc. Their principal business address is
1290 Avenue of the Americas, New York, NY 10104. The Distributors are
registered with the SEC as broker-dealers and are members of the National
Association of Securities Dealers, Inc. ("NASD"). Both broker-dealers also act
as distributors for other AXA Equitable life and annuity products.

Under a distribution agreement between AXA Distributors, AXA Equitable, and
certain of AXA Equitable's separate accounts, including the separate account
that contains the fixed maturity options, AXA Equitable paid AXA Distributors
distribution fees of $694,578,570 for 2006, $561,166,840 for 2005, and
$418,189,861 for 2004 as the distributor of certain contracts, including these
contracts, and as the principal underwriter of several AXA Equitable separate
accounts, including the separate account that contains the fixed maturity
options. Of these amounts for each of these three years, AXA Distributors
retained $88,941,713, $120,349,631, and $57,065,006, respectively.


Under a distribution and services agreement between AXA Advisors, AXA Equitable
and certain of AXA Equitable's separate accounts,


                                                            More information  31




including the separate account that contains the fixed maturity options, AXA
Equitable paid AXA Advisors a fee of $325,380 for each of the years 2006, 2005
and 2004. AXA Equitable paid AXA Advisors as the distributor for certain
contracts, including these contracts $672,531,658 in 2006, $588,734,659 in
2005, and $567,991,463 in 2004. Of these amounts, AXA Advisors retained
$339,484,801, $293,075,553, and $289,050,171, respectively.

The contracts are sold by financial professionals of AXA Advisors and its
affiliates and by financial professionals of both affiliated and unaffiliated
broker-dealers that have entered into selling agreements with the Distributors
("Selling broker-dealers").

AXA Equitable pays sales compensation to both Distributors based on contracts
sold. In general, the Distributors will pay all or a portion of the sales
compensation they receive from AXA Equitable to individual financial
representatives or Selling broker-dealers. Selling broker-dealers will, in
turn, pay all or a portion of the compensation they receive from the
Distributors to individual financial representatives as commissions related to
the sale of the contracts.


Sales compensation paid to AXA Advisors will generally not exceed 8.50% of the
total contributions made under the contracts.


Sales compensation paid to AXA Distributors will generally not exceed 5.00% of
the total contributions made under the contracts.

The Distributors may pay certain affiliated and/or unaffiliated Selling
broker-dealers and other financial intermediaries additional compensation in
recognition of certain expenses that may be incurred by them or on their
behalf. The Distributors may also pay certain broker-dealers or other financial
intermediaries additional compensation for enhanced marketing opportunities and
other services (commonly referred to as "marketing allowances"). Services for
which such payments are made may include, but are not limited to, the preferred
placement of AXA Equitable and/or Income Manager(SM) on a company and/or product
list; sales personnel training; product training; business reporting;
technological support; due diligence and related costs; advertising, marketing
and related services; conferences; and/or other support services, including
some that may benefit the contract owner. Payments may be based on the amount
of assets or purchase payments attributable to contracts sold through a Selling
broker-dealer or, in the case of conference support, such payments may be a
fixed amount. The Distributors may also make fixed payments to Selling
broker-dealers in connection with the initiation of a new relationship or the
introduction of a new product. These payments may serve as an incentive for
Selling broker-dealers to promote the sale of particular products.
Additionally, as an incentive for financial professionals of Selling
broker-dealers to promote the sale of AXA Equitable products, the Distributors
may increase the sales compensation paid to the Selling broker-dealer for a
period of time (commonly referred to as "compensation enhancements"). Marketing
allowances and sales incentives are made out of the Distributors' assets. Not
all Selling broker-dealers receive these kinds of payments. For more
information about any such arrangements, ask your financial professional.

The Distributors receive 12b-1 fees from certain portfolios for providing
certain distribution and/or shareholder support services. The Distributors or
their affiliates may also receive payments from the advisers of the portfolios
or their affiliates to help defray expenses for sales meetings or seminar
sponsorships that may relate to the contracts and/or the advisers' respective
portfolios. In connection with portfolios offered through unaffiliated
insurance trusts, the Distributors or their affiliates may also receive other
payments from the advisers of the portfolios or their affiliates for providing
distribution, administrative and/or shareholder support services.

In an effort to promote the sale of our products, AXA Advisors may provide its
financial professionals and managerial personnel with a higher percentage of
sales commissions and/or cash compensation for the sale of an affiliated
variable product than it would the sale of an unaffiliated product. Such
practice is known as providing "differential compensation." AXA Advisors may
provide other forms of compensation to its financial professionals, including
health and retirement benefits. In addition, managerial personnel may receive
expense reimbursements, marketing allowances and commission-based payments
known as "overrides." Certain components of the compensation of financial
professionals who are managers are based on the sale of affiliated variable
products. Managers earn higher compensation (and credits toward awards and
bonuses) if those they manage sell more affiliated variable products. For tax
reasons, AXA Advisors financial professionals qualify for health and retirement
benefits based solely on their sales of our affiliated products.


These payments and differential compensation (together, the "payments") can
vary in amount based on the applicable product and/or entity or individual
involved. As with any incentive, such payments may cause the financial
professional to show preference in recommending the purchase or sale of AXA
Equitable products. However, under applicable rules of the NASD, AXA Advisors
may only recommend to you products that they reasonably believe are suitable
for you based on facts that you have disclosed as to your other security
holdings, financial situation and needs. In making any recommendation,
financial professionals of AXA Advisors may nonetheless face conflicts of
interest because of the differences in compensation from one product category
to another, and because of differences in compensation between products in the
same category.

In addition AXA Advisors may offer sales incentive programs to financial
professionals who meet specified production levels for the sale of both
affiliated and unaffiliated products which provide non-cash compensation such
as stock options awards and/or stock appreciation rights, expense-paid trips,
expense-paid educational seminars and merchandise.


Although AXA Equitable takes all of its costs into account in establishing the
level of fees and expenses in its products, any compensation paid by AXA
Equitable to the Distributors will not result in any separate charge to you
under your contract. All payments made will be in compliance with all
applicable NASD rules and other laws and regulations.



32  More information




7. Incorporation of certain documents by reference


- --------------------------------------------------------------------------------

AXA Equitable's Annual Report on Form 10-K for the period ended December 31,
2006 (the "Annual Report") is considered to be part of this Prospectus because
it is incorporated by reference. The Company intends to send Owners account
statements and other such legally-required reports. The Company does not
anticipate such reports will include periodic financial statements or
information concerning the Company.

The Company files reports and other information with the SEC, as required by
law. You may read and copy this information at the SEC's public reference
facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by
accessing the SEC's website at www.sec.gov. The public may obtain information
on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. Under the Securities Act of 1933, the Company has filed with
the SEC a registration statement relating to the Market Value Adjustment (the
"Registration Statement"). This prospectus has been filed as part of the
Registration Statement and does not contain all of the information set forth in
the Registration Statement. Please see the Registration Statement for
additional information concerning the Market Value Adjustment.

The Annual Report includes the audited consolidated financial statements of AXA
Equitable at December 31, 2006 and 2005 and for each of the three years in the
period ended December 31, 2006 (the "AXA Equitable Financial Statements"). The
AXA Equitable Financial Statements are included in the Annual Report and
incorporated by reference into this Prospectus in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm.
The AXA Equitable Financial Statements are also included in the Annual Report
and incorporated by reference into this Prospectus in reliance on the reports
of KPMG LLP, an independent registered public accounting firm, on (i) the
consolidated financial statements of AllianceBernstein L.P. as of December 31,
2005 and for each of the years in the two-year period ended December 31, 2005,
and the December 31, 2005 financial statement schedule, and (ii) the financial
statements of AllianceBernstein Holding L.P. (together "AllianceBernstein",
formerly "Alliance") as of December 31, 2005 and for each of the years in the
two-year period ended December 31, 2005. The reports are given on the authority
of said firms as experts in auditing and accounting.

KPMG LLP was AllianceBernstein's independent registered public accounting firm
as of December 31, 2005 and for each of the years in the two-year period ended
December 31, 2005. On March 8, 2006, KPMG LLP was terminated, and
PricewaterhouseCoopers LLP was appointed as AllianceBernstein's independent
registered public accounting firm, as disclosed on AXA Equitable's Report on
Form 8-K filed on March 13, 2006. AllianceBernstein Corporation, an indirect
wholly owned subsidiary of AXA Equitable, is the general partner of both
AllianceBernstein L.P. and AllianceBernstein Holding L.P.

Any statement contained in a document that is, or becomes part of this
Prospectus, will be considered changed or replaced for purposes of this
Prospectus if a statement contained in this Prospectus changes or is replaced.
Any statement that is considered to be a part of this Prospectus because of its
incorporation will be considered changed or replaced for the purpose of this
Prospectus if a statement contained in any other subsequently filed document
that is considered to be part of this Prospectus changes or replaces that
statement. After that, only the statement that is changed or replaced will be
considered to be part of this Prospectus.

We file our Exchange Act documents and reports, including our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q, electronically according to EDGAR
under CIK No. 0000727920. The SEC maintains a website that contains reports,
proxy and information statements, and other information regarding registrants
that file electronically with the SEC.

Upon written or oral request, we will provide, free of charge, to each person
to whom this Prospectus is delivered, a copy of any or all of the documents
considered to be part of this Prospectus because they are incorporated herein.
This does not include exhibits not specifically incorporated by reference into
the text of such documents. Requests for documents should be directed to AXA
Equitable Life Insurance Company, 1290 Avenue of the Americas, New York, New
York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can
also find our annual report on Form 10-K on our website at www.axa-
financial.com.


                             Incorporation of certain documents by reference  33




Appendix: Market value adjustment example


- --------------------------------------------------------------------------------

The example below shows how the market value adjustment would be determined and
how it would be applied to a withdrawal, assuming that $100,000 was allocated
on February 15, 2007 to a fixed maturity option with a maturity date of
February 15, 2015 (eight years later) at a hypothetical rate to maturity of
7.00%(h), resulting in a maturity value of $171,882 on the maturity date. We
further assume that a withdrawal of $50,000, including any applicable
withdrawal charge, is made four years later on February 15, 2011(a)







- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                 Hypothetical assumed rate to maturity(j)
                                                                                              February 15, 2011
                                                                                ----------------------------------------------------
                                                                                    5.00%                       9.00%
- ------------------------------------------------------------------------------------------------------------------------------------
 As of February 15, 2011 before withdrawal
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                          
(1) Market adjusted amount(b)                                                       $141,389                    $121,737
- ------------------------------------------------------------------------------------------------------------------------------------
(2) Fixed maturity amount(c)                                                        $131,104                    $131,104
- ------------------------------------------------------------------------------------------------------------------------------------
(3) Market value adjustment: (1) - (2)                                              $ 10,285                    $ (9,367)
- ------------------------------------------------------------------------------------------------------------------------------------
 On February 15, 2011 after $50,000 withdrawal
- ------------------------------------------------------------------------------------------------------------------------------------
(4) Portion of market value adjustment associated with the withdrawal: (3) x
    [$50,000/(1)]                                                                   $  3,637                    $ (3,847)
- ------------------------------------------------------------------------------------------------------------------------------------
(5) Portion of fixed maturity associated with the withdrawal: $50,000 - (4)         $ 46,363                    $ 53,847
- ------------------------------------------------------------------------------------------------------------------------------------
(6) Market adjusted amount: (1) - $50,000                                           $ 91,389                    $ 71,737
- ------------------------------------------------------------------------------------------------------------------------------------
(7) Fixed maturity amount: (2) - (5)                                                $ 84,741                    $ 77,257
- ------------------------------------------------------------------------------------------------------------------------------------
(8) Maturity value(d)                                                               $111,099                    $101,287
- ------------------------------------------------------------------------------------------------------------------------------------




You should note that in this example, if a withdrawal is made when rates have
increased from 7.00% to 9.00% (right column), a portion of a negative market
value adjustment is realized. On the other hand, if a withdrawal is made when
rates have decreased from 7.00% to 5.00% (left column), a portion of a positive
market value adjustment is realized.

Notes:





     

(a)     Number of days from the withdrawal date to the maturity date = D = 1,461

(b)     Market adjusted amount is based on the following calculation:

        Maturity value            $    171,882
        ________________       =  ________________    where j is either 5% or 9%
        (1+j)((D/365))            (1+j)((1,461/365))

(c)     Fixed maturity amount is based on the following calculation:

        Maturity value            $    171,882
        ________________       =  _____________________
        (1+h)((D/365))            (1+0.07)((1,461/365))

(d)     Maturity value is based on the following calculation:

        Fixed maturity amount     $84,741 or $77,257
        ________________       =  _____________________
        (1+h)((D/365))            (1+0.07)((1,461/365))




A-1 Appendix: Market value adjustment example




AXA Equitable Life Insurance Company

SUPPLEMENT DATED MAY 1, 2007 TO THE CURRENT PROSPECTUSES FOR:
ACCUMULATOR(R)
ACCUMULATOR(R) ELITE(SM)


- --------------------------------------------------------------------------------


For delivery to Morgan Stanley customers
This supplement modifies certain information in the above-referenced
Prospectuses, Supplements to Prospectuses and Statements of Additional
Information ("SAIs"), (together, the "Prospectuses"), in the State of
California only. Unless otherwise indicated, all other information included in
the Prospectuses remains unchanged. The terms and section headings we use in
this supplement have the same meaning as in the Prospectuses. You should keep
this supplement with your Prospectuses.

Please note the following information:


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If you reside in the state of California and you are age 60 and older at the
time the contract is issued, you may return your variable annuity contract
within 30 days from the date that you receive it and receive a refund as
described below. This is also referred to as the "free look" period.

At the time of application, you will instruct your Morgan Stanley financial
professional as to how your initial contribution and any subsequent
contributions should be treated for the purpose of maintaining your free look
right under the contract.

   o  You may choose to immediately allocate your contributions to one or more
      of the variable investment options. In the event you choose to exercise
      your free look right under the contract, you will receive a refund as
      described in the Prospectus.

   o  You may also choose "return of contribution" free look treatment of your
      contract. If chosen, we will allocate your entire contribution and any
      subsequent contributions made during the 40 day period following the
      Contract Date, to the EQ/Money Market investment option. In the event you
      choose to exercise your free look right under the contract, you will
      receive a refund equal to your contributions.

      If you choose the "return of contribution" free look treatment and your
      contract is still in effect on the 40th day (or next Business Day)
      following the Contract Date, we will automatically reallocate your account
      value to the investment options chosen on your application.

      Any transfers made prior to the expiration of the 30 day free look will
      terminate your right to "return of contribution" treatment in the event
      you choose to exercise your free look right under the contract. Any
      transfer made prior to the 40th day following the Contract Date will
      cancel the automatic reallocation on the 40th day (or next Business Day)
      following the Contract Date described above. If you do not want AXA
      Equitable to perform this scheduled one-time reallocation, you must call
      one of our customer service representatives at 1 (800) 789-7771 before the
      40th day following the Contract Date to cancel.










                      AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                               New York, NY 10104
                                 (212) 554-1234

Acc. Core Jumpstart `07, Elite '07-New Business
IM-04-34SUPP (5/07)                                                     x01492
                                                            CAT NO 134934 (5/07)




AXA Equitable Life Insurance Company

SUPPLEMENT DATED MAY 1, 2007 TO THE CURRENT PROSPECTUSES FOR:
ACCUMULATOR(R)                   ACCUMULATOR(R) ELITE(SM)
ACCUMULATOR(R) PLUS(SM)          ACCUMULATOR(R) SELECT(SM)

- --------------------------------------------------------------------------------

For delivery to Smith Barney customers
This supplement modifies certain information in the above-referenced
Prospectuses, Supplements to Prospectuses and Statements of Additional
Information ("SAIs"), (together, the "Prospectuses"). Unless otherwise
indicated, all other information included in the Prospectuses remains
unchanged. The terms and section headings we use in this supplement have the
same meaning as in the Prospectuses. You should keep this supplement with your
Prospectuses.

Please note the following information:


ELECTRONIC APPLICATIONS AND INITIAL CONTRIBUTIONS

Your Accumulator(R) Series contract date will generally be the business day
Smith Barney receives your initial contribution and all information needed to
process your application, along with any required documents, and transmits your
order to us in accordance with our processing procedures. We may reject your
application and return your contribution or issue your contract on a later date
if any of the limitations described below apply.


SUBSEQUENT CONTRIBUTIONS

Any additional contributions you may make will generally be applied to your
contract on the business day Smith Barney receives the additional contribution
from you and transmits your order to us in accordance with our processing
procedures. We may reject your order and return your additional contribution or
credit your additional contribution to your contract at a later date if any of
the limitations described below apply.


LIMITATIONS

We consider Smith Barney to be a "processing office" for the purpose of
receiving applications and contributions as described above.

The procedures described above are not available for Section 1035 exchanges or
other replacement transactions; other types of transactions may also be
excluded. You must provide all information and documents we require with
respect to your initial or additional contribution. The amount of the initial
or additional contribution you are making must be permitted under your
contract. Your application and contribution must be made in accordance with all
the other terms and conditions described in our prospectus. After receiving
your contribution, together with all required information and documents, from
you, Smith Barney must deliver them to us in accordance with our processing
arrangements with Smith Barney.

Smith Barney may establish a "closing time" for receipt of applications and
contribution requests under the above arrangement that is earlier than the end
of the business day. Any such earlier closing time may be established without
prior notice to you. Also, while we are generally open on the same business
days as Smith Barney, a business day for the purposes of this supplement will
be our business day.

We or Smith Barney may change or discontinue these arrangements at any time
without prior notice. If you change Smith Barney as your broker-dealer of
record on your contract, the above procedures will no longer apply, although we
may have similar arrangements with your new broker-dealer.

You may always make subsequent contributions under your contract by any other
method described in the Accumulator(R) Series prospectus for your contract, as
supplemented from time to time. All applications and contributions are subject
to acceptance. These arrangements may not be available in every state.


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If you reside in the state of California and you are age 60 and older at the
time the contract is issued, you may return your variable annuity contract
within 30 days from the date that you receive it and receive a refund as
described below. This is also referred to as the "free look" period.

At the time of application, you will instruct your Smith Barney financial
professional as to how your initial contribution and any subsequent
contributions should be treated for the purpose of maintaining your free look
right under the contract.

   o  You may choose to immediately allocate your contributions to one or more
      of the variable investment options. In the event you choose to exercise
      your free look right under the contract, you will receive a refund as
      described in the Prospectus.

   o  You may also choose "return of contribution" free look treatment of your
      contract. If chosen, we will allocate your entire contribution and any

SOLSB05-04 (5/07)                                                       x01491
Acc. `04, `06, Jumpstart '07, '07



   subsequent contributions made during the 40 day period following the
   Contract Date, to the EQ/Money Market investment option. In the event you
   choose to exercise your free look right under the contract, you will
   receive a refund equal to your contributions.

   If you choose the "return of contribution" free look treatment and your
   contract is still in effect on the 40th day (or next Business Day)
   following the Contract Date, we will automatically reallocate your account
   value to the investment options chosen on your application.

   Any transfers made prior to the expiration of the 30 day free look will
   terminate your right to "return of contribution" treatment in the event you
   choose to exercise your free look right under the contract. Any transfer
   made prior to the 40th day following the Contract Date will cancel the
   automatic reallocation on the 40th day (or next Business Day) following the
   Contract Date described above. If you do not want AXA Equitable to perform
   this scheduled one-time reallocation, you must call one of our customer
   service representatives at 1 (800) 789-7771 before the 40th day following
   the Contract Date to cancel.

                                                                  Acc Series '04

















                      AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                               New York, NY 10104
                                 (212) 554-1234

2



AXA Equitable Life Insurance Company

SUPPLEMENT DATED MAY 1, 2007 TO THE CURRENT PROSPECTUSES FOR:

ACCUMULATOR(R)
ACCUMULATOR(R) ELITE(SM)
ACCUMULATOR(R) PLUS(SM)
ACCUMULATOR(R) SELECT(SM)
- --------------------------------------------------------------------------------


For delivery to PCA/Raymond James customers
This supplement modifies certain information in the above-referenced
Prospectuses, Supplements to Prospectuses and Statements of Additional
Information ("SAIs"), (together, the "Prospectuses"), in the State of
California only. Unless otherwise indicated, all other information included in
the Prospectuses remains unchanged. The terms and section headings we use in
this supplement have the same meaning as in the Prospectuses. You should keep
this supplement with your Prospectuses.

Please note the following information:


YOUR RIGHT TO CANCEL WITHIN A CERTAIN NUMBER OF DAYS

If you reside in the state of California and you are age 60 and older at the
time the contract is issued, you may return your variable annuity contract
within 30 days from the date that you receive it and receive a refund as
described below. This is also referred to as the "free look" period.

At the time of application, you will instruct your PCA/Raymond James financial
professional as to how your initial contribution and any subsequent
contributions should be treated for the purpose of maintaining your free look
right under the contract.

   o  You may choose to immediately allocate your contributions to one or more
      of the variable investment options. In the event you choose to exercise
      your free look right under the contract, you will receive a refund as
      described in the Prospectus.

   o  You may also choose "return of contribution" free look treatment of your
      contract. If chosen, we will allocate your entire contribution and any
      subsequent contributions made during the 40 day period following the
      Contract Date, to the EQ/Money Market investment option. In the event you
      choose to exercise your free look right under the contract, you will
      receive a refund equal to your contributions.

      If you choose the "return of contribution" free look treatment and your
      contract is still in effect on the 40th day (or next Business Day)
      following the Contract Date, we will automatically reallocate your account
      value to the investment options chosen on your application.

      Any transfers made prior to the expiration of the 30 day free look will
      terminate your right to "return of contribution" treatment in the event
      you choose to exercise your free look right under the contract. Any
      transfer made prior to the 40th day following the Contract Date will
      cancel the automatic reallocation on the 40th day (or next Business Day)
      following the Contract Date described above. If you do not want AXA
      Equitable to perform this scheduled one-time reallocation, you must call
      one of our customer service representatives at 1 (800) 789-7771 before the
      40th day following the Contract Date to cancel.






                      AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                               New York, NY 10104
                                 (212) 554-1234

IM-06-01 (5/07)
PCA/RAYMOND JAMES
ACC. JUMPSTART '07, '07 -- New Business
                                                          Cat. no. 136087 (5/07)
                                                                          x01493



AXA Equitable Life Insurance Company

SUPPLEMENT DATED MAY 1, 2007 TO THE MAY 1, 2007 PROSPECTUS FOR ACCUMULATOR(R)

- --------------------------------------------------------------------------------

This Supplement modifies certain information in the above-referenced Prospectus
and Supplements to Prospectus and Statement of Additional Information, dated
May 1, 2007, as previously supplemented (the "Prospectuses"). You should read
this Supplement in conjunction with the Prospectuses and retain it for future
reference. Unless otherwise indicated, all other information included in the
Prospectuses remains unchanged. The terms and section headings we use in this
Supplement have the same meaning as in the Prospectuses. We will send you
another copy of any prospectus or supplement without charge upon request.
Please contact the customer service group referenced in your prospectus.


CHANGES TO PORTFOLIOS OF THE EQ ADVISORS TRUST


1.   PORTFOLIO NAME AND ADVISER (AND SUB-ADVISER(S), AS APPLICABLE) CHANGES --
     MAY 29, 2007

     Effective on or about May 29, 2007, subject to regulatory approval, the
     following Portfolio name changes as listed below will occur. Accordingly,
     all references to their respective corresponding investment options in the
     Prospectus are also changed.




- -----------------------------------------------------------------------------
   Existing Portfolio Name             New Portfolio Name
- -----------------------------------------------------------------------------
                                   
  EQ/Capital Guardian International   MarketPLUS International Core
- -----------------------------------------------------------------------------
  EQ/FI Mid Cap Value                 MarketPLUS Mid Cap Value
- -----------------------------------------------------------------------------
  EQ/MFS Emerging Growth Companies    MarketPLUS Large Cap Growth
- -----------------------------------------------------------------------------
  EQ/MFS Investors Trust              MarketPLUS Large Cap Core
- -----------------------------------------------------------------------------
  EQ/Small Cap Value                  Multimanager Small Cap Value+
- -----------------------------------------------------------------------------
  EQ/Small Company Growth             Multimanager Small Cap Growth+
- -----------------------------------------------------------------------------



+    These Portfolios will also be reorganized as Portfolios of the AXA Premier
     VIP Trust ("VIP Trust"). AXA Equitable Life Insurance Company ("AXA
     Equitable") in its capacity as Investment Manager of the VIP Trust will
     manage the assets of both Portfolios.


     In addition to the name changes shown in the table above, the following
     changes to each portfolio's objective and Investment Manager and/or
     Sub-Adviser(s) will also occur. The following is added under "Portfolios of
     the Trusts" under "Contract features and benefits" for the New Portfolios,
     replacing information shown for Existing Portfolios listed above:




- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                                           applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                 
  MarketPLUS International Core   Seeks to achieve long-term growth of capital.        o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wentworth Hauser and Violich, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Mid Cap Value        Seeks long-term capital appreciation.                o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wellington Management Company LLP
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Growth     Seeks to provide long-term capital growth.           o AXA Equitable
                                                                                       o Marsico Capital Management LLC
                                                                                       o Mellon Equity Associates LLC
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Core       Seeks long-term growth of capital with a secondary   o AXA Equitable
                                  objective to seek reasonable current income. For     o Institutional Capital Corporation LLC
                                  purposes of this Portfolio, the words "reasonable    o Mellon Equity Associates LLC
                                  current income" mean moderate income.



                                                                          x01637
                                                      Accumulator Core Fund Supp







- ----------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                            Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                     applicable)
- ----------------------------------------------------------------------------------------------------------------------------
                                                           
  Multimanager Small Cap Value    Long-term growth of capital.   o Franklin Advisory Services, LLC
                                                                 o Lazard Asset Management LLC
- ----------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset Management Inc.
                                                                 o Eagle Asset Management, Inc.
                                                                 o Wells Capital Management Inc.
- ----------------------------------------------------------------------------------------------------------------------------




2.   PORTFOLIO SUBSTITUTION -- JULY 9, 2007

     Effective on or about July 9, 2007, subject to regulatory approval,
     interests in the EQ/Van Kampen Real Estate investment option (the
     "surviving option") will replace interests in the U.S. Real Estate -- Class
     II investment option (the "replaced option"). The table below shows the
     objective and the sub-adviser for the surviving option. We will move the
     assets from the replaced option into the surviving option on the date of
     the substitution. The value of your interest in the surviving option will
     be the same as it was in the replaced option. We will also automatically
     direct any contributions made to the replaced option to the surviving
     option. An allocation election to the replaced option will be considered as
     an allocation election to the surviving option. You may transfer your
     account value among the investment options, as usual. However, we may
     impose restrictions on transfers to prevent or limit disruptive transfer
     and other "market timing" activities by contract owners or registered
     representatives as more fully described in "Transferring your money among
     investment options" under "Disruptive transfer activity." Any account value
     remaining in the replaced option on the substitution date will be
     transferred to the surviving option. For more information about this
     substitution and for information on how to transfer your account value,
     please contact a customer service representative referenced in your
     Prospectus.





- --------------------------------------------------------------------------------------------------------------------------------
                                                                                              Investment Manager (or
 Replaced (Current) Portfolio     Surviving/New Portfolio     Objective                       Sub-Adviser(s), as applicable)
- --------------------------------------------------------------------------------------------------------------------------------
                                                                                     
  U.S. Real Estate -- Class II   EQ/Van Kampen Real Estate   Seeks to provide above average   Morgan Stanley Investment
                                                             current income and long-term     Management, Inc.
                                                             capital appreciation.
- --------------------------------------------------------------------------------------------------------------------------------




3.   PORTFOLIO MERGERS -- JULY 9, 2007 AND AUGUST 20, 2007

     Effective on or about July 9, 2007 and August 20, 2007, subject to
     regulatory and shareholder approvals, interests in certain investment
     options (the "surviving options") will replace interests in current
     investment options (the "replaced options"), as listed in the table below.
     The table also shows the objective and the sub-adviser(s), for each
     surviving option. We will move the assets from each replaced option into
     the applicable surviving option on the date of the scheduled merger. The
     value of your interest in each surviving option will be the same as it was
     in the corresponding replaced option. We will also automatically direct any
     contributions made to a replaced option to the applicable surviving option.
     Any allocation election to a replaced option will be considered as an
     allocation election to the applicable surviving option.

     The mergers of the EQ/Capital Guardian U.S. Equity, EQ/Janus Large Cap
     Growth and EQ/Wells Fargo Montgomery Small Cap Portfolios will occur on or
     about July 9, 2007. The merger of the EQ/AllianceBernstein Growth and
     Income Portfolio will occur on or about August 20, 2007.

     Also, T. Rowe Price Associates, Inc. will replace TCW Investment Management
     Company as the Portfolio's sub-adviser and there will be a corresponding
     name change of the Portfolio to EQ/T. Rowe Price Growth Stock Portfolio.
     The expenses for the new EQ/T. Rowe Price Growth Stock Portfolio are shown
     in the Fee Table below.





- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                  Investment Manager (or
 Replaced (Current) Portfolio        Surviving/New Portfolio         Objective                    Sub-Adviser(s), as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                         
  EQ/AllianceBernstein Growth and   EQ/AllianceBernstein Value      Seeks capital appreciation.   AllianceBernstein L.P.
    Income
- -----------------------------------------------------------------------------------------------------------------------------------
  EQ/Capital Guardian U.S. Equity   EQ/Capital Guardian Research    Seeks to achieve long-term    Capital Guardian Trust Company
                                                                    growth of capital.
- -----------------------------------------------------------------------------------------------------------------------------------
  EQ/Janus Large Cap Growth         EQ/T. Rowe Price Growth Stock   Seeks to achieve long-term    T. Rowe Price Associates, Inc.
                                                                    capital appreciation.
- -----------------------------------------------------------------------------------------------------------------------------------



2







- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                               Investment Manager (or
 Replaced (Current) Portfolio    Surviving/New Portfolio         Objective                     Sub-Adviser(s), as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
  EQ/Wells Fargo Montgomery     Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset
    Small Cap                                                                                    Management Inc.
                                                                                               o Eagle Asset Management, Inc.
                                                                                               o Wells Capital Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------



4.   FEE TABLE

     The following is added under "Portfolio operating expenses expressed as an
     annual percentage of daily net assets", replacing the information shown for
     the Existing and Replaced Portfolios listed above:




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                          Acquired     Total Annual    Fee Waivers      Net Total
                                                                         Fund Fees       Expenses        and/or          Annual
                                                                       and Expenses      (Before         Expense        Expenses
                                      Management     12b-1    Other     (Underlying      Expense       Reimburse-    (After Expense
 Portfolio Name                          Fees        Fees    Expenses   Portfolios)    Limitations)       ments       Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                   
  AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth++       1.05%       0.25%     0.23%         --           1.53%             0.00%        1.53%
  Multimanager Small Cap Value++        1.03%       0.25%     0.18%         --           1.46%             0.00%        1.46%
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++       0.78%       0.25%     0.14%         --           1.17%            (0.02)%       1.15%
  EQ/Van Kampen Real Estate*            0.90%       0.25%     0.13%         --           1.28%            (0.02)%       1.26%
  MarketPLUS International Core++       0.60%       0.25%     0.24%       0.05%          1.14%             0.00%        1.14%
  MarketPLUS Large Cap Core++           0.50%       0.25%     0.23%       0.02%          1.00%            (0.03)%       0.97%
  MarketPLUS Large Cap Growth++         0.50%       0.25%     0.19%       0.02%          0.96%             0.00%        0.96%
  MarketPLUS Mid Cap Value++            0.55%       0.25%     0.18%       0.03%          1.01%             0.00%        1.01%
- ------------------------------------------------------------------------------------------------------------------------------------




++   The expenses for this portfolio are based on the asset levels of its
     predecessor portfolio for the last fiscal year, adjusted to reflect current
     fees.

*    This is a newly created portfolio of the EQ Advisors Trust. Therefore, the
     fees and expenses presented in the table above are estimates for the
     current fiscal period.



     The following is added under "Example" replacing the information shown for
     the Existing and Replaced Portfolios listed above:





- ----------------------------------------------------------------------------------------------
                                             If you surrender your contract at the
                                               end of the applicable time period
- ----------------------------------------------------------------------------------------------
                                         1              3              5             10
 Portfolio Name                        year           years          years          years
- ----------------------------------------------------------------------------------------------
                                                                   
  AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   $ 1,168.00     $ 2,031.00     $ 2,932.00     $ 5,114.00
  Multimanager Small Cap Value    $ 1,160.00     $ 2,009.00     $ 2,897.00     $ 5,051.00
- ----------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock   $ 1,130.00     $ 1,920.00     $ 2,753.00     $ 4,788.00
  EQ/Van Kampen Real Estate       $ 1,142.00     $ 1,954.00     $ 2,808.00     $ 4,889.00
  MarketPLUS International Core   $ 1,127.00     $ 1,911.00     $ 2,738.00     $ 4,760.00
  MarketPLUS Large Cap Core       $ 1,112.00     $ 1,868.00     $ 2,668.00     $ 4,630.00
  MarketPLUS Large Cap Growth     $ 1,108.00     $ 1,856.00     $ 2,648.00     $ 4,592.00
  MarketPLUS Mid Cap Value        $ 1,113.00     $ 1,871.00     $ 2,673.00     $ 4,639.00
- ----------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                          If you annuitize at the end of the
                                          applicable time period and select a
                                          non-life contingent period certain            If you do not surrender your contract
                                          annuity option with less than five              at the end of the applicable time
                                                         years                                          period
- ------------------------------------------------------------------------------------------------------------------------------
                                     1          3           5          10               1          3           5            10
 Portfolio Name                    year       years       years       years           year       years       years        years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                
  AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth    N/A   $ 2,031.00   $ 2,932.00  $ 5,114.00       $ 468.00   $ 1,431.00   $ 2,432.00   $ 5,114.00
  Multimanager Small Cap Value     N/A   $ 2,009.00   $ 2,897.00  $ 5,051.00       $ 460.00   $ 1,409.00   $ 2,397.00   $ 5,051.00
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock    N/A   $ 1,920.00   $ 2,753.00  $ 4,788.00       $ 430.00   $ 1,320.00   $ 2,253.00   $ 4,788.00
  EQ/Van Kampen Real Estate        N/A   $ 1,954.00   $ 2,808.00  $ 4,889.00       $ 442.00   $ 1,354.00   $ 2,308.00   $ 4,889.00
  MarketPLUS International Core    N/A   $ 1,911.00   $ 2,738.00  $ 4,760.00       $ 427.00   $ 1,311.00   $ 2,238.00   $ 4,760.00
  MarketPLUS Large Cap Core        N/A   $ 1,868.00   $ 2,668.00  $ 4,630.00       $ 412.00   $ 1,268.00   $ 2,168.00   $ 4,630.00
  MarketPLUS Large Cap Growth      N/A   $ 1,856.00   $ 2,648.00  $ 4,592.00       $ 408.00   $ 1,256.00   $ 2,148.00   $ 4,592.00
  MarketPLUS Mid Cap Value         N/A   $ 1,871.00   $ 2,673.00  $ 4,639.00       $ 413.00   $ 1,271.00   $ 2,173.00   $ 4,639.00
- ------------------------------------------------------------------------------------------------------------------------------------



                     AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                              New York, NY 10104
                                  212-554-1234

                                                                               3




AXA Equitable Life Insurance Company

SUPPLEMENT DATED MAY 1, 2007 TO THE MAY 1, 2007 PROSPECTUS FOR ACCUMULATOR(R)
ELITE(SM)

- --------------------------------------------------------------------------------

This Supplement modifies certain information in the above-referenced Prospectus
and Supplements to Prospectus and Statement of Additional Information, dated
May 1, 2007, as previously supplemented (the "Prospectuses"). You should read
this Supplement in conjunction with the Prospectuses and retain it for future
reference. Unless otherwise indicated, all other information included in the
Prospectuses remains unchanged. The terms and section headings we use in this
Supplement have the same meaning as in the Prospectuses. We will send you
another copy of any prospectus or supplement without charge upon request.
Please contact the customer service group referenced in your prospectus.


CHANGES TO PORTFOLIOS OF THE EQ ADVISORS TRUST


1.   PORTFOLIO NAME AND ADVISER (AND SUB-ADVISER(S), AS APPLICABLE) CHANGES --
     MAY 29, 2007

     Effective on or about May 29, 2007, subject to regulatory approval, the
     following Portfolio name changes as listed below will occur. Accordingly,
     all references to their respective corresponding investment options in the
     Prospectus are also changed.





- --------------------------------------------------------------------------------
   Existing Portfolio Name             New Portfolio Name
- --------------------------------------------------------------------------------
                                   
  EQ/Capital Guardian International   MarketPLUS International Core
  EQ/FI Mid Cap Value                 MarketPLUS Mid Cap Value
  EQ/MFS Emerging Growth Companies    MarketPLUS Large Cap Growth
  EQ/MFS Investors Trust              MarketPLUS Large Cap Core
  EQ/Small Cap Value                  Multimanager Small Cap Value+
  EQ/Small Company Growth             Multimanager Small Cap Growth+
- --------------------------------------------------------------------------------



+    These Portfolios will also be reorganized as Portfolios of the AXA Premier
     VIP Trust ("VIP Trust"). AXA Equitable Life Insurance Company ("AXA
     Equitable") in its capacity as Investment Manager of the VIP Trust will
     manage the assets of both Portfolios.

     In addition to the name changes shown in the table above, the following
     changes to each portfolio's objective and Investment Manager and/or
     Sub-Adviser(s) will also occur. The following is added under "Portfolios of
     the Trusts" under "Contract features and benefits" for the New Portfolios,
     replacing information shown for Existing Portfolios listed above:





- ----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                                           applicable)
- ----------------------------------------------------------------------------------------------------------------------------------
                                                                                 
  MarketPLUS International Core   Seeks to achieve long-term growth of capital.        o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wentworth Hauser and Violich, Inc.
- ----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Mid Cap Value        Seeks long-term capital appreciation.                o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wellington Management Company LLP
- ----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Growth     Seeks to provide long-term capital growth.           o AXA Equitable
                                                                                       o Marsico Capital Management LLC
                                                                                       o Mellon Equity Associates LLC
- ----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Core       Seeks long-term growth of capital with a secondary   o AXA Equitable
                                  objective to seek reasonable current income. For     o Institutional Capital Corporation LLC
                                  purposes of this Portfolio, the words "reasonable    o Mellon Equity Associates LLC
                                  current income" mean moderate income.
- ----------------------------------------------------------------------------------------------------------------------------------



                                                                          x01639
                                                                 Elite Fund Supp







- ---------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                            Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                     applicable)
- ---------------------------------------------------------------------------------------------------------------
                                                           
  Multimanager Small Cap Value    Long-term growth of capital.   o Franklin Advisory Services, LLC
                                                                 o Lazard Asset Management LLC
- ---------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset Management Inc.
                                                                 o Eagle Asset Management, Inc.
                                                                 o Wells Capital Management Inc.
- ---------------------------------------------------------------------------------------------------------------




2.   PORTFOLIO SUBSTITUTION -- JULY 9, 2007

     Effective on or about July 9, 2007, subject to regulatory approval,
     interests in the EQ/Van Kampen Real Estate investment option (the
     "surviving option") will replace interests in the U.S. Real Estate -- Class
     II investment option (the "replaced option"). The table below shows the
     objective and the sub-adviser for the surviving option. We will move the
     assets from the replaced option into the surviving option on the date of
     the substitution. The value of your interest in the surviving option will
     be the same as it was in the replaced option. We will also automatically
     direct any contributions made to the replaced option to the surviving
     option. An allocation election to the replaced option will be considered as
     an allocation election to the surviving option. You may transfer your
     account value among the investment options, as usual. However, we may
     impose restrictions on transfers to prevent or limit disruptive transfer
     and other "market timing" activities by contract owners or registered
     representatives as more fully described in "Transferring your money among
     investment options" under "Disruptive transfer activity." Any account value
     remaining in the replaced option on the substitution date will be
     transferred to the surviving option. For more information about this
     substitution and for information on how to transfer your account value,
     please contact a customer service representative referenced in your
     Prospectus.





- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                              Investment Manager (or
 Replaced (Current) Portfolio     Surviving/New Portfolio     Objective                       Sub-Adviser(s), as applicable)
- ---------------------------------------------------------------------------------------------------------------------------------
                                                                                     
  U.S. Real Estate -- Class II   EQ/Van Kampen Real Estate   Seeks to provide above average   Morgan Stanley Investment
                                                             current income and long-term     Management, Inc.
                                                             capital appreciation.
- ---------------------------------------------------------------------------------------------------------------------------------




3.   PORTFOLIO MERGERS -- JULY 9, 2007 AND AUGUST 20, 2007

     Effective on or about July 9, 2007 and August 20, 2007, subject to
     regulatory and shareholder approvals, interests in certain investment
     options (the "surviving options") will replace interests in current
     investment options (the "replaced options"), as listed in the table below.
     The table also shows the objective and the sub-adviser(s), for each
     surviving option. We will move the assets from each replaced option into
     the applicable surviving option on the date of the scheduled merger. The
     value of your interest in each surviving option will be the same as it was
     in the corresponding replaced option. We will also automatically direct any
     contributions made to a replaced option to the applicable surviving option.
     Any allocation election to a replaced option will be considered as an
     allocation election to the applicable surviving option.

     The mergers of the EQ/Capital Guardian U.S. Equity, EQ/Janus Large Cap
     Growth and EQ/Wells Fargo Montgomery Small Cap Portfolios will occur on or
     about July 9, 2007. The merger of the EQ/AllianceBernstein Growth and
     Income Portfolio will occur on or about August 20, 2007.

     Also, T. Rowe Price Associates, Inc. will replace TCW Investment Management
     Company as the Portfolio's sub-adviser and there will be a corresponding
     name change of the Portfolio to EQ/T. Rowe Price Growth Stock Portfolio.
     The expenses for the new EQ/T. Rowe Price Growth Stock Portfolio are shown
     in the Fee Table below.





- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                  Investment Manager (or
 Replaced (Current) Portfolio        Surviving/New Portfolio         Objective                    Sub-Adviser(s), as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                         
  EQ/AllianceBernstein Growth and   EQ/AllianceBernstein Value      Seeks capital appreciation.   AllianceBernstein L.P.
    Income
- -----------------------------------------------------------------------------------------------------------------------------------
  EQ/Capital Guardian U.S. Equity   EQ/Capital Guardian Research    Seeks to achieve long-term    Capital Guardian Trust Company
                                                                    growth of capital.
- -----------------------------------------------------------------------------------------------------------------------------------
  EQ/Janus Large Cap Growth         EQ/T. Rowe Price Growth Stock   Seeks to achieve long-term    T. Rowe Price Associates, Inc.
                                                                    capital appreciation.
- -----------------------------------------------------------------------------------------------------------------------------------



2







- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                               Investment Manager (or
 Replaced (Current) Portfolio    Surviving/New Portfolio         Objective                     Sub-Adviser(s), as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
  EQ/Wells Fargo Montgomery     Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset
    Small Cap                                                                                    Management Inc.
                                                                                               o Eagle Asset Management, Inc.
                                                                                               o Wells Capital Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------



4.   FEE TABLE

     The following is added under "Portfolio operating expenses expressed as an
     annual percentage of daily net assets", replacing the information shown for
     the Existing and Replaced Portfolios listed above:




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                           Acquired     Total Annual    Fee Waivers      Net Total
                                                                          Fund Fees       Expenses        and/or          Annual
                                                                        and Expenses      (Before         Expense        Expenses
                                      Management     12b-1    Other      (Underlying      Expense       Reimburse-    (After Expense
 Portfolio Name                          Fees        Fees    Expenses    Portfolios)    Limitations)       ments       Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                      
  AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth++       1.05%       0.25%      0.23%        --             1.53%            0.00%          1.53%
  Multimanager Small Cap Value++        1.03%       0.25%      0.18%        --             1.46%            0.00%          1.46%
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++       0.78%       0.25%      0.14%        --             1.17%           (0.02)%         1.15%
  EQ/Van Kampen Real Estate*            0.90%       0.25%      0.13%        --             1.28%           (0.02)%         1.26%
  MarketPLUS International Core++       0.60%       0.25%      0.24%      0.05%            1.14%            0.00%          1.14%
  MarketPLUS Large Cap Core++           0.50%       0.25%      0.23%      0.02%            1.00%           (0.03)%         0.97%
  MarketPLUS Large Cap Growth++         0.50%       0.25%      0.19%      0.02%            0.96%            0.00%          0.96%
  MarketPLUS Mid Cap Value++            0.55%       0.25%      0.18%      0.03%            1.01%            0.00%          1.01%
- ------------------------------------------------------------------------------------------------------------------------------------




++   The expenses for this portfolio are based on the asset levels of its
     predecessor portfolio for the last fiscal year, adjusted to reflect current
     fees.
*    This is a newly created portfolio of the EQ Advisors Trust. Therefore, the
     fees and expenses presented in the table above are estimates for the
     current fiscal period.



     The following is added under "Example" replacing the information shown for
     the Existing and Replaced Portfolios listed above:




- ----------------------------------------------------------------------------------------------
                                             If you surrender your contract at the
                                               end of the applicable time period
- ----------------------------------------------------------------------------------------------
                                        1              3              5              10
 Portfolio Name                        year           years          years          years
                                                                   
- ----------------------------------------------------------------------------------------------
  AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   $ 1,304.00     $ 2,136.00     $ 2,601.00     $ 5,416.00
  Multimanager Small Cap Value    $ 1,297.00     $ 2,115.00     $ 2,567.00     $ 5,355.00
- ----------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock   $ 1,266.00     $ 2,027.00     $ 2,425.00     $ 5,101.00
  EQ/Van Kampen Real Estate       $ 1,278.00     $ 2,060.00     $ 2,479.00     $ 5,199.00
  MarketPLUS International Core   $ 1,263.00     $ 2,017.00     $ 2,410.00     $ 5,075.00
  MarketPLUS Large Cap Core       $ 1,249.00     $ 1,975.00     $ 2,341.00     $ 4,949.00
  MarketPLUS Large Cap Growth     $ 1,244.00     $ 1,962.00     $ 2,321.00     $ 4,913.00
  MarketPLUS Mid Cap Value        $ 1,250.00     $ 1,978.00     $ 2,346.00     $ 4,958.00
- ----------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------
                                          If you annuitize at the end of the
                                          applicable time period and select a
                                          non-life contingent period certain            If you do not surrender your contract
                                          annuity option with less than five              at the end of the applicable time
                                                         years                                          period
- --------------------------------------------------------------------------------------------------------------------------------
                                     1          3          5           10             1           3            5          10
 Portfolio Name                    year       years       years        years         year        years        years      years
                                                                                             
- --------------------------------------------------------------------------------------------------------------------------------
  AXA PREMIER VIP TRUST:
- --------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth    N/A   $ 2,136.00   $ 2,601.00   $ 5,416.00     $ 504.00   $ 1,536.00   $ 2,601.00 $ 5,416.00
  Multimanager Small Cap Value     N/A   $ 2,115.00   $ 2,567.00   $ 5,355.00     $ 497.00   $ 1,515.00   $ 2,567.00 $ 5,355.00
- --------------------------------------------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock    N/A   $ 2,027.00   $ 2,425.00   $ 5,101.00     $ 466.00   $ 1,427.00   $ 2,425.00 $ 5,101.00
  EQ/Van Kampen Real Estate        N/A   $ 2,060.00   $ 2,479.00   $ 5,199.00     $ 478.00   $ 1,460.00   $ 2,479.00 $ 5,199.00
  MarketPLUS International Core    N/A   $ 2,017.00   $ 2,410.00   $ 5,075.00     $ 463.00   $ 1,417.00   $ 2,410.00 $ 5,075.00
  MarketPLUS Large Cap Core        N/A   $ 1,975.00   $ 2,341.00   $ 4,949.00     $ 449.00   $ 1,375.00   $ 2,341.00 $ 4,949.00
  MarketPLUS Large Cap Growth      N/A   $ 1,962.00   $ 2,321.00   $ 4,913.00     $ 444.00   $ 1,362.00   $ 2,321.00 $ 4,913.00
  MarketPLUS Mid Cap Value         N/A   $ 1,978.00   $ 2,346.00   $ 4,958.00     $ 450.00   $ 1,378.00   $ 2,346.00 $ 4,958.00
- --------------------------------------------------------------------------------------------------------------------------------



                     AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                              New York, NY 10104
                                  212-554-1234

                                                                               3



AXA Equitable Life Insurance Company

SUPPLEMENT DATED MAY 1, 2007 TO THE MAY 1, 2007 PROSPECTUS FOR ACCUMULATOR(R)
PLUS(SM)

- --------------------------------------------------------------------------------

This Supplement modifies certain information in the above-referenced Prospectus
and Supplements to Prospectus and Statement of Additional Information, dated
May 1, 2007, as previously supplemented (the "Prospectuses"). You should read
this Supplement in conjunction with the Prospectuses and retain it for future
reference. Unless otherwise indicated, all other information included in the
Prospectuses remains unchanged. The terms and section headings we use in this
Supplement have the same meaning as in the Prospectuses. We will send you
another copy of any prospectus or supplement without charge upon request.
Please contact the customer service group referenced in your prospectus.


CHANGES TO PORTFOLIOS OF THE EQ ADVISORS TRUST


1.  PORTFOLIO NAME AND ADVISER (AND SUB-ADVISER(S), AS APPLICABLE) CHANGES --
    MAY 29, 2007

  Effective on or about May 29, 2007, subject to regulatory approval, the
  following Portfolio name changes as listed below will occur. Accordingly,
  all references to their respective corresponding investment options in the
  Prospectus are also changed.




- --------------------------------------------------------------------------------
  Existing Portfolio Name             New Portfolio Name
- --------------------------------------------------------------------------------
  EQ/Capital Guardian International   MarketPLUS International Core
- --------------------------------------------------------------------------------
  EQ/FI Mid Cap Value                 MarketPLUS Mid Cap Value
- --------------------------------------------------------------------------------
  EQ/MFS Emerging Growth Companies    MarketPLUS Large Cap Growth
- --------------------------------------------------------------------------------
  EQ/MFS Investors Trust              MarketPLUS Large Cap Core
- --------------------------------------------------------------------------------
  EQ/Small Cap Value                  Multimanager Small Cap Value+
- --------------------------------------------------------------------------------
  EQ/Small Company Growth             Multimanager Small Cap Growth+
- --------------------------------------------------------------------------------


+ These Portfolios will also be reorganized as Portfolios of the AXA Premier VIP
  Trust ("VIP Trust"). AXA Equitable Life Insurance Company ("AXA Equitable") in
  its capacity as Investment Manager of the VIP Trust will manage the assets of
  both Portfolios.


In addition to the name changes shown in the table above, the following changes
to each portfolio's objective and Investment Manager and/or Sub-Adviser(s) will
also occur. The following is added under "Portfolios of the Trusts" under
"Contract features and benefits" for the New Portfolios, replacing information
shown for Existing Portfolios listed above:




- ------------------------------------------------------------------------------------------------------------------------------------
 EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s), as
 Portfolio Name                     Objective                                           applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                  
MarketPLUS International Core      Seeks to achieve long-term growth of capital.       o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wentworth Hauser and Violich, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
MarketPLUS Mid Cap Value           Seeks long-term capital appreciation.               o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wellington Management Company LLP
- ------------------------------------------------------------------------------------------------------------------------------------
MarketPLUS Large Cap Growth       Seeks to provide long-term capital growth.           o AXA Equitable
                                                                                       o Marsico Capital Management LLC
                                                                                       o Mellon Equity Associates LLC
- ------------------------------------------------------------------------------------------------------------------------------------
MarketPLUS Large Cap Core         Seeks long-term growth of capital with a secondary   o AXA Equitable
                                  objective to seek reasonable current income. For     o Institutional Capital Corporation LLC
                                  purposes of this Portfolio, the words "reasonable    o Mellon Equity Associates LLC
                                  current income" mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------------



                                                                          x01638
                                                                  Plus Fund Supp








- ------------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                            Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                     applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                           
Multimanager Small Cap Value      Long-term growth of capital.   o Franklin Advisory Services, LLC
                                                                 o Lazard Asset Management LLC
- ------------------------------------------------------------------------------------------------------------------------------------
Multimanager Small Cap Growth     Long-term growth of capital.   o Bear Stearns Asset Management Inc.
                                                                 o Eagle Asset Management, Inc.
                                                                 o Wells Capital Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------




2.   PORTFOLIO SUBSTITUTION -- JULY 9, 2007

     Effective on or about July 9, 2007, subject to regulatory approval,
     interests in the EQ/Van Kampen Real Estate investment option (the
     "surviving option") will replace interests in the U.S. Real Estate -- Class
     II investment option (the "replaced option"). The table below shows the
     objective and the sub-adviser for the surviving option. We will move the
     assets from the replaced option into the surviving option on the date of
     the substitution. The value of your interest in the surviving option will
     be the same as it was in the replaced option. We will also automatically
     direct any contributions made to the replaced option to the surviving
     option. An allocation election to the replaced option will be considered as
     an allocation election to the surviving option. You may transfer your
     account value among the investment options, as usual. However, we may
     impose restrictions on transfers to prevent or limit disruptive transfer
     and other "market timing" activities by contract owners or registered
     representatives as more fully described in "Transferring your money among
     investment options" under "Disruptive transfer activity." Any account value
     remaining in the replaced option on the substitution date will be
     transferred to the surviving option. For more information about this
     substitution and for information on how to transfer your account value,
     please contact a customer service representative referenced in your
     Prospectus.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               Investment Manager (or
 Replaced (Current) Portfolio     Surviving/New Portfolio     Objective                       Sub-Adviser(s), as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
 U.S. Real Estate -- Class II   EQ/Van Kampen Real Estate   Seeks to provide above average   Morgan Stanley Investment
                                                            current income and long-term     Management, Inc.
                                                            capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------




3.   PORTFOLIO MERGERS -- JULY 9, 2007 AND AUGUST 20, 2007

     Effective on or about July 9, 2007 and August 20, 2007, subject to
     regulatory and shareholder approvals, interests in certain investment
     options (the "surviving options") will replace interests in current
     investment options (the "replaced options"), as listed in the table below.
     The table also shows the objective and the sub-adviser(s), for each
     surviving option. We will move the assets from each replaced option into
     the applicable surviving option on the date of the scheduled merger. The
     value of your interest in each surviving option will be the same as it was
     in the corresponding replaced option. We will also automatically direct any
     contributions made to a replaced option to the applicable surviving option.
     Any allocation election to a replaced option will be considered as an
     allocation election to the applicable surviving option.

     The mergers of the EQ/Capital Guardian U.S. Equity, EQ/Janus Large Cap
     Growth and EQ/Wells Fargo Montgomery Small Cap Portfolios will occur on or
     about July 9, 2007. The merger of the EQ/AllianceBernstein Growth and
     Income Portfolio will occur on or about August 20, 2007.

     Also, T. Rowe Price Associates, Inc. will replace TCW Investment Management
     Company as the Portfolio's sub-adviser and there will be a corresponding
     name change of the Portfolio to EQ/T. Rowe Price Growth Stock Portfolio.
     The expenses for the new EQ/T. Rowe Price Growth Stock Portfolio are shown
     in the Fee Table below.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                  Investment Manager (or
 Replaced (Current) Portfolio        Surviving/New Portfolio         Objective                    Sub-Adviser(s), as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                         
EQ/AllianceBernstein Growth and     EQ/AllianceBernstein Value      Seeks capital appreciation.   AllianceBernstein L.P.
  Income
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Capital Guardian U.S. Equity     EQ/Capital Guardian Research    Seeks to achieve long-term    Capital Guardian Trust Company
                                                                    growth of capital.
- ------------------------------------------------------------------------------------------------------------------------------------
EQ/Janus Large Cap Growth           EQ/T. Rowe Price Growth Stock   Seeks to achieve long-term    T. Rowe Price Associates, Inc.
                                                                    capital appreciation
- ------------------------------------------------------------------------------------------------------------------------------------



2








                                                                                               Investment Manager (or
- ------------------------------------------------------------------------------------------------------------------------------------
 Replaced (Current) Portfolio    Surviving/New Portfolio         Objective                    Sub-Adviser(s), as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     
  EQ/Wells Fargo Montgomery     Multimanager Small Cap Growth   Long-term growth of capital   o Bear Stearns Asset
    Small Cap                                                                                   Management Inc.
                                                                                              o Eagle Asset Management, Inc.
                                                                                              o Wells Capital Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------



4.   FEE TABLE

     The following is added under "Portfolio operating expenses expressed as an
     annual percentage of daily net assets", replacing the information shown for
     the Existing and Replaced Portfolios listed above:




- -----------------------------------------------------------------------
                                      Management     12b-1      Other
 Portfolio Name                          Fees        Fees    Expenses
- -----------------------------------------------------------------------
                                                   
  AXA Premier VIP Trust:
- -----------------------------------------------------------------------
  Multimanager Small Cap Growth++   1.05%         0.25%     0.23%
  Multimanager Small Cap Value++    1.03%         0.25%     0.18%
- -----------------------------------------------------------------------
  EQ Advisors Trust:
- -----------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++   0.78%         0.25%     0.14%
  EQ/Van Kampen Real Estate*        0.90%         0.25%     0.13%
  MarketPLUS International Core++   0.60%         0.25%     0.24%
  MarketPLUS Large Cap Core++       0.50%         0.25%     0.23%
  MarketPLUS Large Cap Growth++     0.50%         0.25%     0.19%
  MarketPLUS Mid Cap Value++        0.55%         0.25%     0.18%
- -----------------------------------------------------------------------



- --------------------------------------------------------------------------------------------------
                                        Acquired     Total Annual    Fee Waivers      Net Total
                                       Fund Fees       Expenses        and/or          Annual
                                     and Expenses      (Before         Expense        Expenses
                                      (Underlying      Expense       Reimburse-    (After Expense
 Portfolio Name                       Portfolios)    Limitations)       ments       Limitations)
                                                                      
  AXA Premier VIP Trust:
- --------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth++     --           1.53%             0.00%        1.53%
  Multimanager Small Cap Value++      --           1.46%             0.00%        1.46%
- --------------------------------------------------------------------------------------------------
  EQ Advisors Trust:
- --------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++     --           1.17%            (0.02)%       1.15%
  EQ/Van Kampen Real Estate*          --           1.28%            (0.02)%       1.26%
  MarketPLUS International Core++   0.05%          1.14%             0.00%        1.14%
  MarketPLUS Large Cap Core++       0.02%          1.00%            (0.03)%       0.97%
  MarketPLUS Large Cap Growth++     0.02%          0.96%             0.00%        0.96%
  MarketPLUS Mid Cap Value++        0.03%          1.01%             0.00%        1.01%
- --------------------------------------------------------------------------------------------------




++ The expenses for this portfolio are based on the asset levels of its
   predecessor portfolio for the last fiscal year, adjusted to reflect current
   fees.

*  This is a newly created portfolio of the EQ Advisors Trust. Therefore, the
   fees and expenses presented in the table above are estimates for the current
   fiscal period.



The following is added under "Example" replacing the information shown for the
Existing and Replaced Portfolios listed above:





- ----------------------------------------------------------------------------------------------
                                             If you surrender your contract at the
                                               end of the applicable time period
                                          1              3              5             10
 Portfolio Name                        year           years          years          years
                                                                   
  AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   $ 1,308.00     $ 2,250.00     $ 3,226.00     $ 5,483.00
  Multimanager Small Cap Value    $ 1,300.00     $ 2,228.00     $ 3,191.00     $ 5,420.00
- ----------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock   $ 1,269.00     $ 2,135.00     $ 3,043.00     $ 5,152.00
  EQ/Van Kampen Real Estate       $ 1,281.00     $ 2,170.00     $ 3,099.00     $ 5,255.00
  MarketPLUS International Core   $ 1,266.00     $ 2,126.00     $ 3,027.00     $ 5,124.00
  MarketPLUS Large Cap Core       $ 1,250.00     $ 2,081.00     $ 2,955.00     $ 4,991.00
  MarketPLUS Large Cap Growth     $ 1,246.00     $ 2,069.00     $ 2,934.00     $ 4,953.00
  MarketPLUS Mid Cap Value        $ 1,251.00     $ 2,084.00     $ 2,960.00     $ 5,001.00
- ----------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------
                                          If you annuitize at the end of the
                                          applicable time period and select a
                                          non-life contingent period certain
                                          annuity option with less than five
                                                         years
- ------------------------------------------------------------------------------------
                                     1          3              5             10
 Portfolio Name                    year       years          years          years
- ------------------------------------------------------------------------------------
                                                           
  AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------
  Multimanager Small Cap Growth    N/A   $ 2,250.00     $ 3,226.00     $ 5,483.00
  Multimanager Small Cap Value     N/A   $ 2,228.00     $ 3,191.00     $ 5,420.00
- ------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock    N/A   $ 2,135.00     $ 3,043.00     $ 5,152.00
  EQ/Van Kampen Real Estate        N/A   $ 2,170.00     $ 3,099.00     $ 5,255.00
  MarketPLUS International Core    N/A   $ 2,126.00     $ 3,027.00     $ 5,124.00
  MarketPLUS Large Cap Core        N/A   $ 2,081.00     $ 2,955.00     $ 4,991.00
  MarketPLUS Large Cap Growth      N/A   $ 2,069.00     $ 2,934.00     $ 4,953.00
  MarketPLUS Mid Cap Value         N/A   $ 2,084.00     $ 2,960.00     $ 5,001.00
- ------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------
                                             If you do not surrender at the end
                                                  of the applicable period
- -----------------------------------------------------------------------------------------
                                         1             3              5              10
Portfolio Name                          year          years          years          years
- -----------------------------------------------------------------------------------------
                                                                  
   AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------
                                   $ 508.00     $ 1,550.00     $ 2,626.00     $ 5,483.00
  Multimanager Small Cap Growth    $ 500.00     $ 1,528.00     $ 2,591.00     $ 5,420.00
  Multimanager Small Cap Value
- -----------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock    $ 469.00     $ 1,435.00     $ 2,443.00     $ 5,152.00
  EQ/Van Kampen Real Estate        $ 481.00     $ 1,470.00     $ 2,499.00     $ 5,255.00
  MarketPLUS International Core    $ 466.00     $ 1,426.00     $ 2,427.00     $ 5,124.00
  MarketPLUS Large Cap Core        $ 450.00     $ 1,381.00     $ 2,355.00     $ 4,991.00
  MarketPLUS Large Cap Growth      $ 446.00     $ 1,369.00     $ 2,334.00     $ 4,953.00
  MarketPLUS Mid Cap Value         $ 451.00     $ 1,384.00     $ 2,360.00     $ 5,001.00
- -----------------------------------------------------------------------------------------



                     AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                              New York, NY 10104
                                  212-554-1234

                                                                               3



AXA Equitable Life Insurance Company


SUPPLEMENT DATED MAY 1, 2007 TO THE MAY 1, 2007 PROSPECTUS FOR ACCUMULATOR(R)
SELECT(SM)

- --------------------------------------------------------------------------------

This Supplement modifies certain information in the above-referenced Prospectus
and Supplements to Prospectus and Statement of Additional Information, dated
May 1, 2007, as previously supplemented (the "Prospectuses"). You should read
this Supplement in conjunction with the Prospectuses and retain it for future
reference. Unless otherwise indicated, all other information included in the
Prospectuses remains unchanged. The terms and section headings we use in this
Supplement have the same meaning as in the Prospectuses. We will send you
another copy of any prospectus or supplement without charge upon request.
Please contact the customer service group referenced in your prospectus.


CHANGES TO PORTFOLIOS OF THE EQ ADVISORS TRUST


1.   PORTFOLIO NAME AND ADVISER (AND SUB-ADVISER(S), AS APPLICABLE) CHANGES --
     MAY 29, 2007

     Effective on or about May 29, 2007, subject to regulatory approval, the
     following Portfolio name changes as listed below will occur. Accordingly,
     all references to their respective corresponding investment options in the
     Prospectus are also changed.



                                   
- --------------------------------------------------------------------------------
   Existing Portfolio Name             New Portfolio Name
- --------------------------------------------------------------------------------
  EQ/Capital Guardian International   MarketPLUS International Core
- --------------------------------------------------------------------------------
  EQ/FI Mid Cap Value                 MarketPLUS Mid Cap Value
- --------------------------------------------------------------------------------
  EQ/MFS Emerging Growth Companies    MarketPLUS Large Cap Growth
- --------------------------------------------------------------------------------
  EQ/MFS Investors Trust              MarketPLUS Large Cap Core
- --------------------------------------------------------------------------------
  EQ/Small Cap Value                  Multimanager Small Cap Value+
- --------------------------------------------------------------------------------
  EQ/Small Company Growth             Multimanager Small Cap Growth+
- --------------------------------------------------------------------------------




+    These Portfolios will also be reorganized as Portfolios of the AXA Premier
     VIP Trust ("VIP Trust"). AXA Equitable Life Insurance Company ("AXA
     Equitable") in its capacity as Investment Manager of the VIP Trust will
     manage the assets of both Portfolios.



In addition to the name changes shown in the table above, the following changes
to each portfolio's objective and Investment Manager and/or Sub-Adviser(s) will
also occur. The following is added under "Portfolios of the Trusts" under
"Contract features and benefits" for the New Portfolios, replacing information
shown for Existing Portfolios listed above:




- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                                           applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                 
  MarketPLUS International Core   Seeks to achieve long-term growth of capital.        o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wentworth Hauser and Violich, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Mid Cap Value        Seeks long-term capital appreciation.                o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wellington Management Company LLP
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Growth     Seeks to provide long-term capital growth.           o AXA Equitable
                                                                                       o Marsico Capital Management LLC
                                                                                       o Mellon Equity Associates LLC
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Core       Seeks long-term growth of capital with a secondary   o AXA Equitable
                                  objective to seek reasonable current income. For     o Institutional Capital Corporation LLC
                                  purposes of this Portfolio, the words "reasonable    o Mellon Equity Associates LLC
                                  current income" mean moderate income.
- -----------------------------------------------------------------------------------------------------------------------------------



                                                                          x01633
                                                                Select fund supp







- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                            Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                     applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                           
  Multimanager Small Cap Value    Long-term growth of capital.   o Franklin Advisory Services, LLC
                                                                 o Lazard Asset Management LLC
- -----------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset Management Inc.
                                                                 o Eagle Asset Management, Inc.
                                                                 o Wells Capital Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------




2.   PORTFOLIO SUBSTITUTION -- JULY 9, 2007

     Effective on or about July 9, 2007, subject to regulatory approval,
     interests in the EQ/Van Kampen Real Estate investment option (the
     "surviving option") will replace interests in the U.S. Real Estate -- Class
     II investment option (the "replaced option"). The table below shows the
     objective and the sub-adviser for the surviving option. We will move the
     assets from the replaced option into the surviving option on the date of
     the substitution. The value of your interest in the surviving option will
     be the same as it was in the replaced option. We will also automatically
     direct any contributions made to the replaced option to the surviving
     option. An allocation election to the replaced option will be considered as
     an allocation election to the surviving option. You may transfer your
     account value among the investment options, as usual. However, we may
     impose restrictions on transfers to prevent or limit disruptive transfer
     and other "market timing" activities by contract owners or registered
     representatives as more fully described in "Transferring your money among
     investment options" under "Disruptive transfer activity." Any account value
     remaining in the replaced option on the substitution date will be
     transferred to the surviving option. For more information about this
     substitution and for information on how to transfer your account value,
     please contact a customer service representative referenced in your
     Prospectus.





- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                              Investment Manager (or
 Replaced (Current) Portfolio     Surviving/New Portfolio     Objective                       Sub-Adviser(s), as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                     
  U.S. Real Estate -- Class II   EQ/Van Kampen Real Estate   Seeks to provide above average   Morgan Stanley Investment
                                                             current income and long-term     Management, Inc.
                                                             capital appreciation.
- -----------------------------------------------------------------------------------------------------------------------------------




3.   PORTFOLIO MERGERS -- JULY 9, 2007 AND AUGUST 20, 2007

     Effective on or about July 9, 2007 and August 20, 2007, subject to
     regulatory and shareholder approvals, interests in certain investment
     options (the "surviving options") will replace interests in current
     investment options (the "replaced options"), as listed in the table below.
     The table also shows the objective and the sub-adviser(s), for each
     surviving option. We will move the assets from each replaced option into
     the applicable surviving option on the date of the scheduled merger. The
     value of your interest in each surviving option will be the same as it was
     in the corresponding replaced option. We will also automatically direct any
     contributions made to a replaced option to the applicable surviving option.
     Any allocation election to a replaced option will be considered as an
     allocation election to the applicable surviving option.

     The mergers of the EQ/Capital Guardian U.S. Equity, EQ/Janus Large Cap
     Growth and EQ/Wells Fargo Montgomery Small Cap Portfolios will occur on or
     about July 9, 2007. The merger of the EQ/AllianceBernstein Growth and
     Income Portfolio will occur on or about August 20, 2007.

     Also, T. Rowe Price Associates, Inc. will replace TCW Investment Management
     Company as the Portfolio's sub-adviser and there will be a corresponding
     name change of the Portfolio to EQ/T. Rowe Price Growth Stock Portfolio.
     The expenses for the new EQ/T. Rowe Price Growth Stock Portfolio are shown
     in the Fee Table below.





- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                  Investment Manager (or
 Replaced (Current) Portfolio        Surviving/New Portfolio         Objective                    Sub-Adviser(s), as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                         
  EQ/AllianceBernstein Growth and   EQ/AllianceBernstein Value      Seeks capital appreciation.   AllianceBernstein L.P.
    Income
- -----------------------------------------------------------------------------------------------------------------------------------
  EQ/Capital Guardian U.S. Equity   EQ/Capital Guardian Research    Seeks to achieve long-term    Capital Guardian Trust Company
                                                                    growth of capital.
- -----------------------------------------------------------------------------------------------------------------------------------
  EQ/Janus Large Cap Growth         EQ/T. Rowe Price Growth Stock   Seeks to achieve long-term    T. Rowe Price Associates, Inc.
                                                                    capital appreciation.
- -----------------------------------------------------------------------------------------------------------------------------------



2







- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                               Investment Manager (or
 Replaced (Current) Portfolio    Surviving/New Portfolio         Objective                     Sub-Adviser(s), as applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                      
  EQ/Wells Fargo Montgomery     Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset
    Small Cap                                                                                    Management Inc.
                                                                                               o Eagle Asset Management, Inc.
                                                                                               o Wells Capital Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------



4.   FEE TABLE

     The following is added under "Portfolio operating expenses expressed as an
     annual percentage of daily net assets", replacing the information shown for
     the Existing and Replaced Portfolios listed above:




- ------------------------------------------------------------------------
                                      Management     12b-1    Other
 Portfolio Name                          Fees        Fees    Expenses
- ------------------------------------------------------------------------
                                                   
  AXA Premier VIP Trust:
- ------------------------------------------------------------------------
  Multimanager Small Cap Growth++   1.05%         0.25%     0.23%
  Multimanager Small Cap Value++    1.03%         0.25%     0.18%
- ------------------------------------------------------------------------
  EQ Advisors Trust:
- ------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++   0.78%         0.25%     0.14%
  EQ/Van Kampen Real Estate*        0.90%         0.25%     0.13%
  MarketPLUS International Core++   0.60%         0.25%     0.24%
  MarketPLUS Large Cap Core++       0.50%         0.25%     0.23%
  MarketPLUS Large Cap Growth++     0.50%         0.25%     0.19%
  MarketPLUS Mid Cap Value++        0.55%         0.25%     0.18%
- ------------------------------------------------------------------------



- --------------------------------------------------------------------------------------------------
                                        Acquired     Total Annual    Fee Waivers      Net Total
                                       Fund Fees       Expenses        and/or          Annual
                                     and Expenses      (Before         Expense        Expenses
                                      (Underlying      Expense       Reimburse-    (After Expense
 Portfolio Name                       Portfolios)    Limitations)       ments       Limitations)
- --------------------------------------------------------------------------------------------------
                                                                      
  AXA Premier VIP Trust:
- --------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth++     --           1.53%             0.00%        1.53%
  Multimanager Small Cap Value++      --           1.46%             0.00%        1.46%
- --------------------------------------------------------------------------------------------------
  EQ Advisors Trust:
- --------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++     --           1.17%            (0.02)%       1.15%
  EQ/Van Kampen Real Estate*          --           1.28%            (0.02)%       1.26%
  MarketPLUS International Core++   0.05%          1.14%             0.00%        1.14%
  MarketPLUS Large Cap Core++       0.02%          1.00%            (0.03)%       0.97%
  MarketPLUS Large Cap Growth++     0.02%          0.96%             0.00%        0.96%
  MarketPLUS Mid Cap Value++        0.03%          1.01%             0.00%        1.01%
- --------------------------------------------------------------------------------------------------




++   The expenses for this portfolio are based on the asset levels of its
     predecessor portfolio for the last fiscal year, adjusted to reflect current
     fees.
*    This is a newly created portfolio of the EQ Advisors Trust. Therefore, the
     fees and expenses presented in the table above are estimates for the
     current fiscal period.



The following is added under "Example" replacing the information shown for the
Existing and Replaced Portfolios listed above:




- --------------------------------------------------------------------------------------
                                  If you annuitize at the end of the applicable time
                                                        period
- --------------------------------------------------------------------------------------
                                      1          3              5             10
 Portfolio Name                    year       years          years          years
- --------------------------------------------------------------------------------------
                                                           
  AXA PREMIER VIP TRUST:
- --------------------------------------------------------------------------------------
  Multimanager Small Cap Growth    N/A   $ 1,900.00     $ 2,973.00     $ 5,805.00
  Multimanager Small Cap Value     N/A   $ 1,879.00     $ 2,939.00     $ 5,745.00
- --------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock    N/A   $ 1,791.00     $ 2,798.00     $ 5,492.00
  EQ/Van Kampen Real Estate        N/A   $ 1,824.00     $ 2,851.00     $ 5,589.00
  MarketPLUS International Core    N/A   $ 1,781.00     $ 2,783.00     $ 5,466.00
  MarketPLUS Large Cap Core        N/A   $ 1,739.00     $ 2,714.00     $ 5,341.00
  MarketPLUS Large Cap Growth      N/A   $ 1,726.00     $ 2,694.00     $ 5,304.00
  MarketPLUS Mid Cap Value         N/A   $ 1,742.00     $ 2,719.00     $ 5,350.00
- --------------------------------------------------------------------------------------



- --------------------------------------------------------------------------------------------
                                  If you surrender or do not surrender your contract at the
                                              end of the applicable time period
- --------------------------------------------------------------------------------------------
                                         1             3              5             10
 Portfolio Name                       year          years          years          years
- --------------------------------------------------------------------------------------------
                                                                 
  AXA PREMIER VIP TRUST:
- --------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   $ 509.00     $ 1,550.00     $ 2,623.00     $ 5,455.00
  Multimanager Small Cap Value    $ 502.00     $ 1,529.00     $ 2,589.00     $ 5,395.00
- --------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock   $ 471.00     $ 1,441.00     $ 2,448.00     $ 5,142.00
  EQ/Van Kampen Real Estate       $ 483.00     $ 1,474.00     $ 2,501.00     $ 5,239.00
  MarketPLUS International Core   $ 468.00     $ 1,431.00     $ 2,433.00     $ 5,116.00
  MarketPLUS Large Cap Core       $ 453.00     $ 1,389.00     $ 2,364.00     $ 4,991.00
  MarketPLUS Large Cap Growth     $ 449.00     $ 1,376.00     $ 2,344.00     $ 4,954.00
  MarketPLUS Mid Cap Value        $ 454.00     $ 1,392.00     $ 2,369.00     $ 5,000.00
- --------------------------------------------------------------------------------------------



                     AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                              New York, NY 10104
                                  212-554-1234

                                                                               3



AXA Equitable Life Insurance Company


SUPPLEMENT DATED MAY 1, 2007 TO THE MAY 1, 2007 PROSPECTUS FOR ACCUMULATOR(R)

- --------------------------------------------------------------------------------

This Supplement modifies certain information in the above-referenced Prospectus
and Supplements to Prospectus and Statement of Additional Information, dated
May 1, 2007, as previously supplemented (the "Prospectuses"). You should read
this Supplement in conjunction with the Prospectuses and retain it for future
reference. Unless otherwise indicated, all other information included in the
Prospectuses remains unchanged. The terms and section headings we use in this
Supplement have the same meaning as in the Prospectuses. We will send you
another copy of any prospectus or supplement without charge upon request.
Please contact the customer service group referenced in your prospectus.


CHANGES TO PORTFOLIOS OF THE EQ ADVISORS TRUST

1.   PORTFOLIO NAME AND ADVISER (AND SUB-ADVISER(S), AS APPLICABLE) CHANGES --
     MAY 29, 2007

     Effective on or about May 29, 2007, subject to regulatory approval, the
     following Portfolio name changes as listed below will occur. Accordingly,
     all references to their respective corresponding investment options in the
     Prospectus are also changed.





- --------------------------------------------------------------------------------
   Existing Portfolio Name             New Portfolio Name
- --------------------------------------------------------------------------------
                                   
  EQ/Capital Guardian International   MarketPLUS International Core
- --------------------------------------------------------------------------------
  EQ/FI Mid Cap Value                 MarketPLUS Mid Cap Value
- --------------------------------------------------------------------------------
  EQ/MFS Emerging Growth Companies    MarketPLUS Large Cap Growth
- --------------------------------------------------------------------------------
  EQ/MFS Investors Trust              MarketPLUS Large Cap Core
- --------------------------------------------------------------------------------
  EQ/Small Cap Value                  Multimanager Small Cap Value+
- --------------------------------------------------------------------------------
  EQ/Small Company Growth             Multimanager Small Cap Growth+
- --------------------------------------------------------------------------------




+    These Portfolios will also be reorganized as Portfolios of the AXA Premier
     VIP Trust ("VIP Trust"). AXA Equitable Life Insurance Company ("AXA
     Equitable") in its capacity as Investment Manager of the VIP Trust will
     manage the assets of both Portfolios.



     In addition to the name changes shown in the table above, the following
     changes to each portfolio's objective and Investment Manager and/or
     Sub-Adviser(s) will also occur. The following is added under "Portfolios of
     the Trusts" under "Contract features and benefits" for the New Portfolios,
     replacing information shown for Existing Portfolios listed above:




- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                                           applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                 
  MarketPLUS International Core   Seeks to achieve long-term growth of capital.        o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wentworth Hauser and Violich, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Mid Cap Value        Seeks long-term capital appreciation.                o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wellington Management Company LLP
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Growth     Seeks to provide long-term capital growth.           o AXA Equitable
                                                                                       o Marsico Capital Management LLC
                                                                                       o Mellon Equity Associates LLC
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Core       Seeks long-term growth of capital with a secondary   o AXA Equitable
                                  objective to seek reasonable current income. For     o Institutional Capital Corporation LLC
                                  purposes of this Portfolio, the words "reasonable    o Mellon Equity Associates LLC
                                  current income" mean moderate income.
- -----------------------------------------------------------------------------------------------------------------------------------



                                                                          x01635
                                             Accumulator (Oregon only) fund supp







- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                            Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                     applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                           
  Multimanager Small Cap Value    Long-term growth of capital.   o Franklin Advisory Services, LLC
                                                                 o Lazard Asset Management LLC
- -----------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset Management Inc.
                                                                 o Eagle Asset Management, Inc.
                                                                 o Wells Capital Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------




2.   PORTFOLIO MERGERS -- JULY 9, 2007 AND AUGUST 20, 2007

     Effective on or about July 9, 2007 and August 20, 2007, subject to
     regulatory and shareholder approvals, interests in certain investment
     options (the "surviving options") will replace interests in current
     investment options (the "replaced options"), as listed in the table below.
     The table also shows the objective and the sub-adviser(s), for each
     surviving option. We will move the assets from each replaced option into
     the applicable surviving option on the date of the scheduled merger. The
     value of your interest in each surviving option will be the same as it was
     in the corresponding replaced option. We will also automatically direct any
     contributions made to a replaced option to the applicable surviving option.
     Any allocation election to a replaced option will be considered as an
     allocation election to the applicable surviving option. For more
     information about these Portfolio mergers, please contact a customer
     service representative referenced in your Prospectus.

     The mergers of the EQ/Capital Guardian U.S. Equity, EQ/Janus Large Cap
     Growth and EQ/Wells Fargo Montgomery Small Cap Portfolios will occur on or
     about July 9, 2007. The merger of the EQ/AllianceBernstein Growth and
     Income Portfolio will occur on or about August 20, 2007.

     Also, T. Rowe Price Associates, Inc. will replace TCW Investment Management
     Company as the Portfolio's sub-adviser and there will be a corresponding
     name change of the Portfolio to EQ/T. Rowe Price Growth Stock Portfolio.
     The expenses for the new EQ/T. Rowe Price Growth Stock Portfolio are shown
     in the Fee Table below.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Investment Manager (or
 Replaced (Current) Portfolio        Surviving/New Portfolio         Objective                     Sub-Adviser(s), as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                          
  EQ/AllianceBernstein Growth and   EQ/AllianceBernstein Value      Seeks capital appreciation.    AllianceBernstein L.P.
    Income
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Capital Guardian U.S. Equity   EQ/Capital Guardian Research    Seeks to achieve long-term     Capital Guardian Trust Company
                                                                    growth of capital.
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Janus Large Cap Growth         EQ/T. Rowe Price Growth Stock   Seeks to achieve long-term     T. Rowe Price Associates, Inc.
                                                                    capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Wells Fargo Montgomery         Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset
    Small Cap                                                                                        Management Inc.
                                                                                                   o Eagle Asset Management, Inc.
                                                                                                   o Wells Capital Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------




3.   FEE TABLE


     The following is added under "Portfolio operating expenses expressed as an
     annual percentage of daily net assets", replacing the information shown for
     the Existing and Replaced Portfolios listed above:




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                         Acquired     Total Annual    Fee Waivers      Net Total
                                                                        Fund Fees       Expenses        and/or          Annual
                                                                      and Expenses      (Before         Expense        Expenses
                                    Management     12b-1      Other    (Underlying      Expense       Reimburse-    (After Expense
 Portfolio Name                        Fees        Fees    Expenses    Portfolios)    Limitations)       ments       Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                  
  AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth++     1.05%       0.25%     0.23%           --          1.53%             0.00%        1.53%
  Multimanager Small Cap Value++      1.03%       0.25%     0.18%           --          1.46%             0.00%        1.46%
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++     0.78%       0.25%     0.14%           --          1.17%            (0.02)%       1.15%
- ------------------------------------------------------------------------------------------------------------------------------------



2







- ------------------------------------------------------------------------------------------------------------------------------------
                                                                         Acquired     Total Annual    Fee Waivers      Net Total
                                                                        Fund Fees       Expenses        and/or          Annual
                                                                      and Expenses      (Before         Expense        Expenses
                                    Management     12b-1      Other    (Underlying      Expense       Reimburse-    (After Expense
 Portfolio Name                        Fees        Fees    Expenses    Portfolios)    Limitations)       ments       Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                              
  EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS International Core++ 0.60%         0.25%     0.24%      0.05%          1.14%             0.00%        1.14%
  MarketPLUS Large Cap Core++     0.50%         0.25%     0.23%      0.02%          1.00%            (0.03)%       0.97%
  MarketPLUS Large Cap Growth++   0.50%         0.25%     0.19%      0.02%          0.96%             0.00%        0.96%
  MarketPLUS Mid Cap Value++      0.55%         0.25%     0.18%      0.03%          1.01%             0.00%        1.01%
- ------------------------------------------------------------------------------------------------------------------------------------




++   The expenses for this portfolio are based on the asset levels of its
     predecessor portfolio for the last fiscal year, adjusted to reflect current
     fees.



     The following is added under "Example" replacing the information shown for
     the Existing and Replaced Portfolios listed above:






- ----------------------------------------------------------------------------------------------
                                             If you surrender your contract at the
                                               end of the applicable time period
- ----------------------------------------------------------------------------------------------
                                       1              3              5              10
 Portfolio Name                       year           years          years          years
                                                                   
  AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   $ 1,055.00     $ 1,584.00     $ 2,138.00     $ 3,845.00
  Multimanager Small Cap Value    $ 1,048.00     $ 1,562.00     $ 2,103.00     $ 3,778.00
- ----------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock   $ 1,017.00     $ 1,472.00     $ 1,955.00     $ 3,495.00
  MarketPLUS International Core   $ 1,014.00     $ 1,462.00     $ 1,940.00     $ 3,465.00
  MarketPLUS Large Cap Core       $   999.00     $ 1,419.00     $ 1,867.00     $ 3,325.00
  MarketPLUS Large Cap Growth     $   995.00     $ 1,406.00     $ 1,847.00     $ 3,285.00
  MarketPLUS Mid Cap Value        $ 1,000.00     $ 1,422.00     $ 1,873.00     $ 3,335.00
- ----------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                          If you annuitize at the end of the
                                          applicable time period and select a
                                          non-life contingent period certain            If you do not surrender your contract
                                          annuity option with less than five              at the end of the applicable time
                                                         years                                          period
- ------------------------------------------------------------------------------------------------------------------------------------
                                      1          3         5          10             1           3            5             10
 Portfolio Name                    year       years      years       years         year        years        years          years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                
  AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth    N/A   $ 1,584.00   $ 2,138.00  $ 3,845.00     $ 355.00   $ 1,084.00   $ 1,838.00     $ 3,845.00
  Multimanager Small Cap Value     N/A   $ 1,562.00   $ 2,103.00  $ 3,778.00     $ 348.00   $ 1,062.00   $ 1,803.00     $ 3,778.00
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock    N/A   $ 1,472.00   $ 1,955.00  $ 3,495.00     $ 317.00   $   972.00   $ 1,655.00     $ 3,495.00
  MarketPLUS International Core    N/A   $ 1,462.00   $ 1,940.00  $ 3,465.00     $ 314.00   $   962.00   $ 1,640.00     $ 3,465.00
  MarketPLUS Large Cap Core        N/A   $ 1,419.00   $ 1,867.00  $ 3,325.00     $ 299.00   $   919.00   $ 1,567.00     $ 3,325.00
  MarketPLUS Large Cap Growth      N/A   $ 1,406.00   $ 1,847.00  $ 3,285.00     $ 295.00   $   906.00   $ 1,547.00     $ 3,285.00
  MarketPLUS Mid Cap Value         N/A   $ 1,422.00   $ 1,873.00  $ 3,335.00     $ 300.00   $   922.00   $ 1,573.00     $ 3,335.00
- ------------------------------------------------------------------------------------------------------------------------------------



                     AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                              New York, NY 10104
                                  212-554-1234

                                                                               3




AXA Equitable Life Insurance Company


SUPPLEMENT DATED MAY 1, 2007 TO THE MAY 1, 2007 PROSPECTUS FOR ACCUMULATOR(R)
SELECT(SM)

- --------------------------------------------------------------------------------

This Supplement modifies certain information in the above-referenced Prospectus
and Supplements to Prospectus and Statement of Additional Information, dated
May 1, 2007, as previously supplemented (the "Prospectuses"). You should read
this Supplement in conjunction with the Prospectuses and retain it for future
reference. Unless otherwise indicated, all other information included in the
Prospectuses remains unchanged. The terms and section headings we use in this
Supplement have the same meaning as in the Prospectuses. We will send you
another copy of any prospectus or supplement without charge upon request.
Please contact the customer service group referenced in your prospectus.


CHANGES TO PORTFOLIOS OF THE EQ ADVISORS TRUST


1.   PORTFOLIO NAME AND ADVISER (AND SUB-ADVISER(S), AS APPLICABLE) CHANGES --
     MAY 29, 2007

     Effective on or about May 29, 2007, subject to regulatory approval, the
     following Portfolio name changes as listed below will occur. Accordingly,
     all references to their respective corresponding investment options in the
     Prospectus are also changed.





- --------------------------------------------------------------------------------
   Existing Portfolio Name             New Portfolio Name
- --------------------------------------------------------------------------------
                                   
  EQ/Capital Guardian International   MarketPLUS International Core
- --------------------------------------------------------------------------------
  EQ/FI Mid Cap Value                 MarketPLUS Mid Cap Value
- --------------------------------------------------------------------------------
  EQ/MFS Emerging Growth Companies    MarketPLUS Large Cap Growth
- --------------------------------------------------------------------------------
  EQ/MFS Investors Trust              MarketPLUS Large Cap Core
- --------------------------------------------------------------------------------
  EQ/Small Cap Value                  Multimanager Small Cap Value+
- --------------------------------------------------------------------------------
  EQ/Small Company Growth             Multimanager Small Cap Growth+
- --------------------------------------------------------------------------------




+    These Portfolios will also be reorganized as Portfolios of the AXA Premier
     VIP Trust ("VIP Trust"). AXA Equitable Life Insurance Company ("AXA
     Equitable") in its capacity as Investment Manager of the VIP Trust will
     manage the assets of both Portfolios.



     In addition to the name changes shown in the table above, the following
     changes to each portfolio's objective and Investment Manager and/or
     Sub-Adviser(s) will also occur. The following is added under "Portfolios of
     the Trusts" under "Contract features and benefits" for the New Portfolios,
     replacing information shown for Existing Portfolios listed above:




- -----------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                                           applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                                                 
  MarketPLUS International Core   Seeks to achieve long-term growth of capital.        o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wentworth Hauser and Violich, Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Mid Cap Value        Seeks long-term capital appreciation.                o AXA Equitable
                                                                                       o Mellon Equity Associates LLC
                                                                                       o Wellington Management Company LLP
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Growth     Seeks to provide long-term capital growth.           o AXA Equitable
                                                                                       o Marsico Capital Management LLC
                                                                                       o Mellon Equity Associates LLC
- -----------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Core       Seeks long-term growth of capital with a secondary   o AXA Equitable
                                  objective to seek reasonable current income. For     o Institutional Capital Corporation LLC
                                  purposes of this Portfolio, the words "reasonable    o Mellon Equity Associates LLC
                                  current income" mean moderate income.
- -----------------------------------------------------------------------------------------------------------------------------------



                                                                          x01636
                                      Accumulator Select (Oregon only) fund supp







- -----------------------------------------------------------------------------------------------------------------------------------
AXA Premier VIP Trust                                            Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                     applicable)
- -----------------------------------------------------------------------------------------------------------------------------------
                                                           
  Multimanager Small Cap Value    Long-term growth of capital.   o Franklin Advisory Services, LLC
                                                                 o Lazard Asset Management LLC
- -----------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   Long-term growth of capital.   o Bear Stearns Asset Management Inc.
                                                                 o Eagle Asset Management, Inc.
                                                                 o Wells Capital Management Inc.
- -----------------------------------------------------------------------------------------------------------------------------------




2.   PORTFOLIO MERGERS -- JULY 9, 2007 AND AUGUST 20, 2007

     Effective on or about July 9, 2007 and August 20, 2007, subject to
     regulatory and shareholder approvals, interests in certain investment
     options (the "surviving options") will replace interests in current
     investment options (the "replaced options"), as listed in the table below.
     The table also shows the objective and the sub-adviser(s), for each
     surviving option. We will move the assets from each replaced option into
     the applicable surviving option on the date of the scheduled merger. The
     value of your interest in each surviving option will be the same as it was
     in the corresponding replaced option. We will also automatically direct any
     contributions made to a replaced option to the applicable surviving option.
     Any allocation election to a replaced option will be considered as an
     allocation election to the applicable surviving option. For more
     information about these Portfolio mergers, please contact a customer
     service representative referenced in your Prospectus.

     The mergers of the EQ/Capital Guardian U.S. Equity, EQ/Janus Large Cap
     Growth and EQ/Wells Fargo Montgomery Small Cap Portfolios will occur on or
     about July 9, 2007. The merger of the EQ/AllianceBernstein Growth and
     Income Portfolio will occur on or about August 20, 2007.

     Also, T. Rowe Price Associates, Inc. will replace TCW Investment Management
     Company as the Portfolio's sub-adviser and there will be a corresponding
     name change of the Portfolio to EQ/T. Rowe Price Growth Stock Portfolio.
     The expenses for the new EQ/T. Rowe Price Growth Stock Portfolio are shown
     in the Fee Table below.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Investment Manager (or
 Replaced (Current) Portfolio        Surviving/New Portfolio          Objective                     Sub-Adviser(s), as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                           
  EQ/AllianceBernstein Growth and   EQ/AllianceBernstein Value       Seeks capital appreciation.    AllianceBernstein L.P.
    Income
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Capital Guardian U.S. Equity   EQ/Capital Guardian Research     Seeks to achieve long-term     Capital Guardian Trust Company
                                                                     growth of capital.
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Janus Large Cap Growth         EQ/T. Rowe Price Growth Stock    Seeks to achieve long-term     T. Rowe Price Associates, Inc.
                                                                     capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Wells Fargo Montgomery         Multimanager Small Cap Growth    Long-term growth of capital.   o Bear Stearns Asset
    Small Cap                                                                                         Management Inc.
                                                                                                    o Eagle Asset Management, Inc.
                                                                                                    o Wells Capital Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------




3.   FEE TABLE


     The following is added under "Portfolio operating expenses expressed as an
     annual percentage of daily net assets", replacing the information shown for
     the Existing and Replaced Portfolios listed above:




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                         Acquired     Total Annual    Fee Waivers      Net Total
                                                                        Fund Fees       Expenses        and/or          Annual
                                                                      and Expenses      (Before         Expense        Expenses
                                    Management     12b-1    Other      (Underlying      Expense       Reimburse-    (After Expense
 Portfolio Name                        Fees        Fees    Expenses    Portfolios)    Limitations)       ments       Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                   
  AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth++     1.05%       0.25%     0.23%           --          1.53%            0.00%          1.53%
  Multimanager Small Cap Value++      1.03%       0.25%     0.18%           --          1.46%            0.00%          1.46%
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++     0.78%       0.25%     0.14%           --          1.17%           (0.02)%         1.15%
- ------------------------------------------------------------------------------------------------------------------------------------



2







- ------------------------------------------------------------------------------------------------------------------------------------
                                                                           Acquired     Total Annual    Fee Waivers      Net Total
                                                                          Fund Fees       Expenses        and/or          Annual
                                                                        and Expenses      (Before         Expense        Expenses
                                      Management     12b-1     Other     (Underlying      Expense       Reimburse-    (After Expense
 Portfolio Name                          Fees        Fees    Expenses    Portfolios)    Limitations)       ments       Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                   
  MarketPLUS International Core++       0.60%       0.25%      0.24%      0.05%          1.14%             0.00%        1.14%
  MarketPLUS Large Cap Core++           0.50%       0.25%      0.23%      0.02%          1.00%            (0.03)%       0.97%
  MarketPLUS Large Cap Growth++         0.50%       0.25%      0.19%      0.02%          0.96%             0.00%        0.96%
  MarketPLUS Mid Cap Value++            0.55%       0.25%      0.18%      0.03%          1.01%             0.00%        1.01%
- ------------------------------------------------------------------------------------------------------------------------------------




++   The expenses for this portfolio are based on the asset levels of its
     predecessor portfolio for the last fiscal year, adjusted to reflect current
     fees.



     The following is added under "Example" replacing the information shown for
     the Existing and Replaced Portfolios listed above:






- -----------------------------------------------------------------------------------------
                                  If you annuitize at the end of the applicable time
                                                        period
- -----------------------------------------------------------------------------------------
                                      1          3              5             10
 Portfolio Name                    year       years          years          years
- -----------------------------------------------------------------------------------------
                                                           
  AXA PREMIER VIP TRUST:
- --------------------------------------------------------------------------------------
  Multimanager Small Cap Growth    N/A   $ 1,511.00     $ 2,314.00     $ 4,430.00
  Multimanager Small Cap Value     N/A   $ 1,489.00     $ 2,279.00     $ 4,365.00
- -----------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- --------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock    N/A   $ 1,400.00     $ 2,133.00     $ 4,089.00
  MarketPLUS International Core    N/A   $ 1,390.00     $ 2,117.00     $ 4,060.00
  MarketPLUS Large Cap Core        N/A   $ 1,347.00     $ 2,046.00     $ 3,924.00
  MarketPLUS Large Cap Growth      N/A   $ 1,334.00     $ 2,025.00     $ 3,885.00
  MarketPLUS Mid Cap Value         N/A   $ 1,350.00     $ 2,051.00     $ 3,934.00
- -----------------------------------------------------------------------------------------



- -----------------------------------------------------------------------------------------------
                                  If you surrender or do not surrender your contract at the
                                              end of the applicable time period
- -----------------------------------------------------------------------------------------------
                                         1             3              5             10
 Portfolio Name                       year          years          years          years
- -----------------------------------------------------------------------------------------------
                                                                 
  AXA PREMIER VIP TRUST:
- -----------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   $ 381.00     $ 1,161.00     $ 1,964.00     $ 4,080.00
  Multimanager Small Cap Value    $ 374.00     $ 1,139.00     $ 1,929.00     $ 4,015.00
- -----------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- -----------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock   $ 343.00     $ 1,050.00     $ 1,783.00     $ 3,739.00
  MarketPLUS International Core   $ 340.00     $ 1,040.00     $ 1,767.00     $ 3,710.00
  MarketPLUS Large Cap Core       $ 326.00     $   997.00     $ 1,696.00     $ 3,574.00
  MarketPLUS Large Cap Growth     $ 321.00     $   984.00     $ 1,675.00     $ 3,535.00
  MarketPLUS Mid Cap Value        $ 327.00     $ 1,000.00     $ 1,701.00     $ 3,584.00
- -----------------------------------------------------------------------------------------------



                     AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                              New York, NY 10104
                                  212-554-1234

                                                                               3



AXA Equitable Life Insurance Company


SUPPLEMENT DATED MAY 1, 2007 TO THE SUPPLEMENT DATED MAY 1, 2007 TO
PROSPECTUSES FOR:




                                                               
o Income Manager Accumulator(R)    o  Accumulator(R)                 o  Accumulator(R) Elite(SM)
o Income Manager(R) Rollover IRA   o  Accumulator(R) Select(SM)      o  Accumulator(R) Elite(SM) II
o Accumulator(R) (IRA, NQ, QP)     o  Accumulator(R) Select(SM) II
o Accumulator(R) Plus(SM)          o  Accumulator(R) Express(SM)



- --------------------------------------------------------------------------------


This Supplement updates certain information in the most recent prospectus and
statement of additional information you received for any of the products listed
above, and in any Supplements to that prospectus and statement of additional
information (collectively, the "Prospectuses"). You should read this Supplement
in conjunction with the Prospectuses and retain it for future reference. Unless
otherwise indicated, all other information included in the Prospectuses remains
unchanged. The terms and section headings we use in this Supplement have the
same meaning as in the Prospectuses. We will send you another copy of any
prospectus or supplement without charge upon request. Please contact the
customer service group referenced in your prospectus.



CHANGES TO PORTFOLIOS OF THE EQ ADVISORS TRUST


1.   PORTFOLIO NAME AND ADVISER (AND SUB-ADVISER(S), AS APPLICABLE) CHANGES --
     MAY 29, 2007

     Effective on or about May 29, 2007, subject to regulatory approval, the
     following Portfolio name changes as listed below will occur. Accordingly,
     all references to their respective corresponding investment options in the
     Prospectus are also changed.





- --------------------------------------------------------------------------------
   Existing Portfolio Name             New Portfolio Name
- --------------------------------------------------------------------------------
                                   
  EQ/Capital Guardian International   MarketPLUS International Core
- --------------------------------------------------------------------------------
  EQ/FI Mid Cap Value                 MarketPLUS Mid Cap Value
- --------------------------------------------------------------------------------
  EQ/MFS Emerging Growth Companies    MarketPLUS Large Cap Growth
- --------------------------------------------------------------------------------
  EQ/MFS Investors Trust              MarketPLUS Large Cap Core
- --------------------------------------------------------------------------------
  EQ/Small Cap Value                  Multimanager Small Cap Value+
- --------------------------------------------------------------------------------
  EQ/Small Company Growth             Multimanager Small Cap Growth+
- --------------------------------------------------------------------------------



+    These Portfolios will also be reorganized as Portfolios of the AXA Premier
     VIP Trust ("VIP Trust"). AXA Equitable Life Insurance Company ("AXA
     Equitable") in its capacity as Investment Manager of the VIP Trust will
     manage the assets of both Portfolios.



In addition to the name changes shown in the table above, the following changes
to each portfolio's objective and Investment Manager and/or Sub-Adviser(s) will
also occur. The following is added under "Portfolios of the Trusts" under "(2)
Investment options" for the New Portfolios, replacing information shown for
Existing Portfolios listed above:





- ------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                 Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                                      applicable)
- ------------------------------------------------------------------------------------------------------------------------------
                                                                            
  MarketPLUS International Core   Seeks to achieve long-term growth of capital.   o AXA Equitable
                                                                                  o Mellon Equity Associates LLC
                                                                                  o Wentworth Hauser and Violich, Inc.
- ------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Mid Cap Value        Seeks long-term capital appreciation.           o AXA Equitable
                                                                                  o Mellon Equity Associates LLC
                                                                                  o Wellington Management Company LLP
- ------------------------------------------------------------------------------------------------------------------------------
  MarketPLUS Large Cap Growth     Seeks to provide long-term capital growth.      o AXA Equitable
                                                                                  o Marsico Capital Management LLC
                                                                                  o Mellon Equity Associates LLC
- ------------------------------------------------------------------------------------------------------------------------------



                                                                          x01634
                                                          Inforce Supp fund supp







- ------------------------------------------------------------------------------------------------------------------------------
EQ Advisors Trust                                                                      Investment Manager (or Sub-Adviser(s), as
Portfolio Name                     Objective                                           applicable)
- ------------------------------------------------------------------------------------------------------------------------------
                                                                                 
  MarketPLUS Large Cap Core       Seeks long-term growth of capital with a secondary   o AXA Equitable
                                  objective to seek reasonable current income. For     o Institutional Capital Corporation LLC
                                  purposes of this Portfolio, the words "reasonable    o Mellon Equity Associates LLC
                                  current income" mean moderate income.
- ------------------------------------------------------------------------------------------------------------------------------
   AXA Premier VIP Trust                                                                Investment Manager (or Sub-Adviser(s), as
   Portfolio Name                  Objective                                           applicable)
- ------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Value    Long-term growth of capital.                         o Franklin Advisory Services, LLC
                                                                                       o Lazard Asset Management LLC
- ------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   Long-term growth of capital.                         o Bear Stearns Asset Management Inc.
                                                                                       o Eagle Asset Management, Inc.
                                                                                       o Wells Capital Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------




2.   PORTFOLIO MERGERS -- JULY 9, 2007 AND AUGUST 20, 2007

     Effective on or about July 9, 2007 and August 20, 2007, subject to
     regulatory and shareholder approvals, interests in certain investment
     options (the "surviving options") will replace interests in current
     investment options (the "replaced options"), as listed in the table below.
     The table also shows the objective and the sub-adviser(s), for each
     surviving option. We will move the assets from each replaced option into
     the applicable surviving option on the date of the scheduled merger. The
     value of your interest in each surviving option will be the same as it was
     in the corresponding replaced option. We will also automatically direct any
     contributions made to a replaced option to the applicable surviving option.
     Any allocation election to a replaced option will be considered as an
     allocation election to the applicable surviving option. For more
     information about these Portfolio mergers, please contact a customer
     service representative referenced in your Prospectus.

     The mergers of the EQ/Capital Guardian U.S. Equity, EQ/Janus Large Cap
     Growth and EQ/Wells Fargo Montgomery Small Cap Portfolios will occur on or
     about July 9, 2007. The merger of the EQ/AllianceBernstein Growth and
     Income Portfolio will occur on or about August 20, 2007.

     Also, T. Rowe Price Associates, Inc. will replace TCW Investment Management
     Company as the Portfolio's sub-adviser and there will be a corresponding
     name change of the Portfolio to EQ/T. Rowe Price Growth Stock Portfolio.
     The expenses for the new EQ/T. Rowe Price Growth Stock Portfolio are shown
     in the Fee Table below.





- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                      Investment Manager (or
 Replaced (Current) Portfolio        Surviving/New Portfolio           Objective                     Sub-Adviser(s), as applicable)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                            
  EQ/AllianceBernstein Growth and   EQ/AllianceBernstein Value        Seeks capital appreciation.    AllianceBernstein L.P.
    Income
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Capital Guardian U.S. Equity   EQ/Capital Guardian Research      Seeks to achieve long-term     Capital Guardian Trust Company
                                                                      growth of capital.
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Janus Large Cap Growth         EQ/T. Rowe Price Growth Stock     Seeks to achieve long-term     T. Rowe Price Associates, Inc.
                                                                      capital appreciation.
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/Wells Fargo Montgomery         Multimanager Small Cap Growth     Long-term growth of capital.   o Bear Stearns Asset
    Small Cap                                                                                          Management Inc.
                                                                                                     o Eagle Asset Management, Inc.
                                                                                                     o Wells Capital Management Inc.
- ------------------------------------------------------------------------------------------------------------------------------------




3.   PORTFOLIO SHARE CLASS CONVERSION

     For certain contracts issued before June 1997, on or about August 6, 2007,
     contract owners who currently have the EQ/AllianceBernstein Value variable
     investment option that invests in the corresponding Class IB Portfolio,
     will have any account value allocated to this option converted to a new
     variable investment option that invests in the Portfolio's Class IA share
     class. Following the conversion, the variable investment option that
     invests in the Class IB share class will no longer be available under these
     contracts. We will send you a written confirmation detailing the
     transaction. Please see the applicable Trust prospectus for the Class IA
     share class for detailed information regarding the Portfolio's operating
     expenses.



2




4.   FEE TABLE


     The following is added under "Portfolio operating expenses expressed as an
     annual percentage of daily net assets", replacing the information shown for
     the Existing and Replaced Portfolios listed above:




- ------------------------------------------------------------------------------------------------------------------------------------
                                                                            Acquired     Total Annual  Fee Waivers      Net Total
                                                                           Fund Fees       Expenses      and/or          Annual
                                                                         and Expenses      (Before       Expense        Expenses
                                      Management     12b-1      Other     (Underlying      Expense     Reimburse-    (After Expense
 Portfolio Name                          Fees        Fees     Expenses    Portfolios)    Limitations)     ments       Limitations)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                   
  AXA Premier VIP Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth++      1.05%         0.25%     0.23%         --              1.53%         0.00%        1.53%
  Multimanager Small Cap Value++       1.03%         0.25%     0.18%         --              1.46%         0.00%        1.46%
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ Advisors Trust:
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock++      0.78%         0.25%     0.14%         --              1.17%        (0.02)%       1.15%
  MarketPLUS International Core++      0.60%         0.25%     0.24%       0.05%             1.14%         0.00%        1.14%
  MarketPLUS Large Cap Core++          0.50%         0.25%     0.23%       0.02%             1.00%        (0.03)%       0.97%
  MarketPLUS Large Cap Growth++        0.50%         0.25%     0.19%       0.02%             0.96%         0.00%        0.96%
  MarketPLUS Mid Cap Value++           0.55%         0.25%     0.18%       0.03%             1.01%         0.00%        1.01%
- ------------------------------------------------------------------------------------------------------------------------------------




++   The expenses for this portfolio are based on the asset levels of its
     predecessor portfolio for the last fiscal year, adjusted to reflect current
     fees.


     The following is added under "Example" replacing the information shown for
     the Existing and Replaced Portfolios listed above:





- ----------------------------------------------------------------------------------------------
                                             If you surrender your contract at the
                                               end of the applicable time period
- ----------------------------------------------------------------------------------------------
                                          1              3              5             10
 Portfolio Name                        year           years          years          years
- ----------------------------------------------------------------------------------------------
                                                                   
  AXA PREMIER VIP TRUST:
- ----------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth   $ 1,076.00     $ 1,645.00     $ 2,239.00     $ 4,033.00
  Multimanager Small Cap Value    $ 1,069.00     $ 1,624.00     $ 2,204.00     $ 3,968.00
- ----------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ----------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock   $ 1,038.00     $ 1,534.00     $ 2,057.00     $ 3,691.00
  MarketPLUS International Core   $ 1,035.00     $ 1,525.00     $ 2,042.00     $ 3,662.00
  MarketPLUS Large Cap Core       $ 1,020.00     $ 1,481.00     $ 1,970.00     $ 3,525.00
  MarketPLUS Large Cap Growth     $ 1,016.00     $ 1,469.00     $ 1,950.00     $ 3,485.00
  MarketPLUS Mid Cap Value        $ 1,021.00     $ 1,484.00     $ 1,975.00     $ 3,535.00
- ----------------------------------------------------------------------------------------------



- ------------------------------------------------------------------------------------------------------------------------------------
                                          If you annuitize at the end of the
                                          applicable time period and select a
                                          non-life contingent period certain            If you do not surrender your contract
                                          annuity option with less than five              at the end of the applicable time
                                                         years                                          period
- ------------------------------------------------------------------------------------------------------------------------------------
                                     1         3            5           10             1            3             5            10
 Portfolio Name                    year      years        years        years         year         years         years        years
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                
  AXA PREMIER VIP TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
  Multimanager Small Cap Growth    N/A   $ 1,645.00   $ 2,239.00   $ 4,033.00     $ 376.00    $ 1,145.00    $ 1,939.00  $ 4,033.00
  Multimanager Small Cap Value     N/A   $ 1,624.00   $ 2,204.00   $ 3,968.00     $ 369.00    $ 1,124.00    $ 1,904.00  $ 3,968.00
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ ADVISORS TRUST:
- ------------------------------------------------------------------------------------------------------------------------------------
  EQ/T. Rowe Price Growth Stock    N/A   $ 1,534.00   $ 2,057.00   $ 3,691.00     $ 338.00    $ 1,034.00    $ 1,757.00  $ 3,691.00
  MarketPLUS International Core    N/A   $ 1,525.00   $ 2,042.00   $ 3,662.00     $ 335.00    $ 1,025.00    $ 1,742.00  $ 3,662.00
  MarketPLUS Large Cap Core        N/A   $ 1,481.00   $ 1,970.00   $ 3,525.00     $ 320.00    $   981.00    $ 1,670.00  $ 3,525.00
  MarketPLUS Large Cap Growth      N/A   $ 1,469.00   $ 1,950.00   $ 3,485.00     $ 316.00    $   969.00    $ 1,650.00  $ 3,485.00
  MarketPLUS Mid Cap Value         N/A   $ 1,484.00   $ 1,975.00   $ 3,535.00     $ 321.00    $   984.00    $ 1,675.00  $ 3,535.00
- ------------------------------------------------------------------------------------------------------------------------------------



                     AXA Equitable Life Insurance Company
                          1290 Avenue of the Americas
                              New York, NY 10104
                                  212-554-1234

                                                                               3





                                 PART II

                     INFORMATION NOT REQUIRED IN PROSPECTUS

ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION


                                                                   ESTIMATED
ITEM OF EXPENSE                                                    EXPENSE
- ---------------------------------------------------------------    ---------

Registration fees                                                   $9,120.70

Federal taxes                                                           N/A

State taxes and fees (based on 50 state average)                        N/A

Trustees' fees                                                          N/A

Transfer agents' fees                                                   N/A

Printing and filing fees                                            $50,000*

Legal fees                                                              N/A

Accounting fees                                                         N/A

Audit fees                                                          $20,000*

Engineering fees                                                        N/A

Directors and officers insurance premium paid by Registrant             N/A

- -------------

*     Estimated expense.

ITEM 14.          INDEMNIFICATION OF DIRECTORS AND OFFICERS

                  The by-laws of AXA Equitable Life Insurance Company ("AXA
Equitable") provide, in Article VII, as follows:

               7.4  Indemnification of Directors, Officers and Employees. (a) To
                    the extent permitted by the law of the State of New York and
                    subject to all applicable requirements thereof:

                    (i)   any person made or threatened to be made a party to
                          any action or proceeding, whether civil or criminal,
                          by reason of the fact that he or she, or his or her
                          testator or intestate, is or was a director, officer
                          or employee of the Company shall be indemnified by the
                          Company;

                    (ii)  any person made or threatened to be made a party to
                          any action or proceeding, whether civil or criminal,
                          by reason of the fact that he or she, or his or her
                          testator or intestate serves or served any other
                          organization in any capacity at the request of the
                          Company may be indemnified by the Company; and

                    (iii) the related expenses of any such person in any of said
                          categories may be advanced by the Company.

                    (b)   To the extent permitted by the law of the State of New
                    York, the Company may provide for further indemnification or
                    advancement of expenses by resolution of shareholders of the
                    Company or the Board of Directors, by amendment of these
                    By-Laws, or by agreement. {Business Corporation Law ss.ss.
                    721-726; Insurance Law ss.1216}

                  The directors and officers of AXA Equitable are insured under
policies issued by Lloyd's of London, X. L. Insurance Company, Arch Insurance
Company, Endurance Insurance Company, U.S. Specialty Insurance, Starr Excess
Liability International and ACE Insurance Company. The annual limit on such
policies is $150 million, and the policies insure the officers and directors
against certain liabilities arising out of their conduct in such capacities.

                                      II-1



ITEM 15.          RECENT SALES OF UNREGISTERED SECURITIES

                  None.

ITEM 16.          EXHIBITS

                  Exhibits No.

                  (1)      (a)      Form of Distribution Agreement by and among
                                    Equitable Distributors, Inc., Separate
                                    Account Nos. 45 and 49 of Equitable Life and
                                    Equitable Life Assurance Society of the
                                    United States, incorporated by reference to
                                    Exhibit 1(a) to the Registration Statement
                                    on Form S-3 (File No. 33-88456), filed June
                                    7, 1996.

                           (b)      Form of Distribution Agreement dated as of
                                    January 1, 1998 among The Equitable Life
                                    Assurance Society of the United States for
                                    itself and as depositor on behalf of certain
                                    separate accounts and Equitable
                                    Distributors, Inc., incorporated herein by
                                    reference to Exhibit 3(b) to the
                                    Registration Statement on Form N-4 (File No.
                                    333-05593) on May 1, 1998.

                           (c)      Distribution and Servicing Agreement among
                                    Equico Securities (now AXA Advisors, LLC),
                                    The Equitable Life Assurance Society of the
                                    United States, and Equitable Variable Life
                                    Insurance Company, dated as of May 1, 1994,
                                    incorporated herein by reference to Exhibit
                                    3(c) to the Registration Statement on
                                    Form N-4 File No. 2-30070, refiled
                                    electronically July 10, 1998.

                           (d)      Letter of Agreement for Distribution
                                    Agreement among The Equitable Life Assurance
                                    Society of the United States and EQ
                                    Financial Consultants, Inc. (now AXA
                                    Advisors, LLC), dated April 20, 1998,
                                    incorporated herein by reference to
                                    Exhibit No. 3(c) to Registration Statement
                                    (File No. 33-83750), filed on May 1, 1998.

                           (e)      Participation Agreement among EQ Advisors
                                    Trust, The Equitable Life Assurance Society
                                    of the United States, Equitable
                                    Distributors, Inc. and EQ Financial
                                    Consultants, Inc. (now AXA Advisors, LLC)
                                    dated as of the 14th day of April 1997,
                                    incorporated by reference to the
                                    Registration Statement of EQ Advisors Trust,
                                    (File No. 333-17217) on Form N-1A, August
                                    28, 1997.

                           (f)      Form of Participation Agreement among AXA
                                    Premier VIP Trust, Equitable Distributors,
                                    Inc., AXA Distributors, LLC, and AXA
                                    Advisors, LLC, previously filed with this
                                    Registration Statement File No. 333-81501
                                    on December 5, 2001.

                           (g)      Form of Participation Agreement among The
                                    Equitable Life Assurance Society of the
                                    United States, The Universal Institutional
                                    Funds, Inc. and Morgan Stanley Investment
                                    Management Inc., incorporated herein by
                                    reference to Exhibit No. 1-A(9)(d) to
                                    Registration Statement on Form S-6, File
                                    No. 333-17641, filed on October 8, 2002.

                           (h)      Form of Particiption Agreement among BARR
                                    Rosenberg Variable Insurance Trust, BARR
                                    ROSENBERG FUNDS DISTRIBUTOR, INC., AXA
                                    ROSENBERG INVESTMENT MANAGEMENT LLC, and the
                                    Equitable Life Assurance Company of the
                                    United States, previously filed with this
                                    Registration Statement, File No. 333-81501
                                    on Form N-4, on August 5, 2003.

                           (i)      Distribution Agreement for services by The
                                    Equitable Life Assurance Society of the
                                    United States to AXA Network, LLC and its
                                    subsidiaries dated January 1, 2000
                                    incorporated herein by reference to Exhibit
                                    3(d) to Registration Statement File No.
                                    33-83750 filed April 25, 2001.

                           (j)      Distribution Agreement for services by AXA
                                    Network, LLC and its subsidiaries to The
                                    Equitable Life Assurance Society of the
                                    United States dated January 1, 2000
                                    incorporated herein by reference to Exhibit
                                    3(e) to Registration Statement File No.
                                    33-83750 filed April 25, 2001.

                           (k)      General Agent Sales Agreement dated
                                    January 1, 2000 between The Equitable Life
                                    Assurance Society of the United States and
                                    AXA Network, LLC and its subsidiaries,
                                    incorporated herein by reference to
                                    Exhibit 3(h) to the Registration Statement
                                    on Form N-4, File No. 2-30070, filed
                                    April 19, 2004.

                            (l)     First Amendment to General Agent Sales
                                    Agreement dated January 1, 2000 between
                                    The Equitable Life Assurance Society of the
                                    United States and AXA Network, LLC and its
                                    subsidiaries, incorporated herein by
                                    reference to Exhibit 3(i) to the
                                    Registration Statement on Form N-4, File
                                    No. 2-30070, filed April 19, 2004.

                            (m)     Second Amendment to General Agent Sales
                                    Agreement dated January 1, 2000 between
                                    The Equitable Life Assurance Society of
                                    the United States and AXA Network, LLC
                                    and its subsidiaries, incorporated herein
                                    by reference to Exhibit 3(j) to the
                                    Registration Statement on Form N-4, File
                                    No. 2-30070, filed April 19, 2004.

                            (n)     Form of Brokerage General Agent Sales
                                    Agreement with Schedule and Amendment to
                                    Brokerage General Agent Sales Agreement
                                    among [Brokerage General Agent] and AXA
                                    Distributors, LLC, AXA Distributors
                                    Insurance Agency, LLC, AXA Distributors
                                    Insurance Agency of Alabama, LLC, and AXA
                                    Distributors Insurance Agency of
                                    Massachusetts, LLC, incorporated herein by
                                    reference to Exhibit No. 3.(i) to
                                    Registration Statement (File No. 333-05593)
                                    on Form N-4, filed on April 20, 2005.

                            (o)     Form of Wholesale Broker-Dealer Supervisory
                                    and Sales Agreement among [Broker-Dealer]
                                    and AXA Distributors, LLC, incorporated
                                    herein by reference to Exhibit No. 3.(j) to
                                    Registration Statement (File No. 333-05593)
                                    on Form N-4, filed on April 20, 2005.

                            (p)     Form of Participation Agreement among EQ
                                    Advisors Trust, Equitable, AXA Distributors
                                    LLC and AXA Advisors, LLC, incorporated
                                    herein by reference to Exhibit 23.(h)(4)(ix)
                                    to Post-Effective Amendment No. 27 to
                                    Registration Statement on Form N-1A to the
                                    Registration Statement of EQ Advisors Trust
                                    on Form N-1A (File Nos. 333-17217 and
                                    811-07953), filed on January 15, 2004.

                            (q)      Third Amendment to General Agent Sales
                                     Agreement dated as of January 1, 2000 by
                                     and between The Equitable Life Assurance
                                     Society of the United States and AXA
                                     Network, LLC and its subsidiaries
                                     incorporated herein by reference to
                                     Registration Statement on Form N-4 (File
                                     No. 333-127445), filed on August 11, 2005.

                            (r)      Fourth Amendment to General Agent Sales
                                     Agreement dated as of January 1, 2000 by
                                     and between The Equitable Life Assurance
                                     Society of the United States and AXA
                                     Network, LLC and its subsidiaries
                                     incorporated herein by reference to
                                     Registration Statement on Form N-4 (File
                                     No. 333-127445), filed on August 11, 2005.

                            (s)      Fifth Amendment, dated as of November 1,
                                     2006, to General Agent Sales Agreement
                                     dated as of January 1, 2000 by and between
                                     The Equitable Life Assurance Society of the
                                     United States and AXA Network, LLC and its
                                     subsidiaries incorporated herein by
                                     reference Exhibit 4(p) to the Registration
                                     Statement on Form N-4 (File No. 2-30070),
                                     filed on April 24, 2007.


                                      II-2




                  (3)       (a)     Restated Charter of AXA Equitable, as
                                    amended December 6, 2004, incorporated
                                    herein by reference to Exhibit No.3.2 to
                                    Form 10-K, (File No. 000-20501), filed on
                                    March 31, 2005.

                            (b)     By-Laws of AXA Equitable, as amended
                                    September 7, 2004, incorporated herein by
                                    reference to Exhibit No. 6.(c) to
                                    Registration Statement on Form N-4, (File
                                    No. 333-05593), filed on April 20, 2006.

                  (4)       (a)     Form of group annuity contract no.
                                    1050-94IC, incorporated herein by reference
                                    to Exhibit No. 4(a) to the Registration
                                    Statement on Form S-3 (File No. 333-24009)
                                    filed on March 6, 1998.

                           (b)      Form of group annuity certificate nos. 94ICA
                                    and 94ICB, incorporated herein by reference
                                    to Exhibit No. 4(b) to the Registration
                                    Statement on Form S-3 (File No. 333-24009)
                                    filed on March 6, 1998.

                           (b)(i)   Form of Data pages for Equitable Accumulator
                                    TSA, incorporated by reference to Exhibit
                                    No. 4(s) to the Registration Statement on
                                    Form N-4 (File No. 33-05593) filed on May
                                    22, 1998.

                           (c)      Forms of Endorsement Nos. 94ENIRAI, 94ENNQI
                                    and 94ENMVAI to contract no. 1050-94IC and
                                    data pages no. 94ICA/BIM(IRA), (NQ), (NQ
                                    Plan A) and (NQ Plan B), incorporated herein
                                    by reference to Exhibit No. 4(c) to the
                                    Registration Statement on Form S-3
                                    (File No. 333-24009) filed on March 6, 1998.

                           (c)(i)   Form of Data Pages for Equitable Accumulator
                                    Select TSA, incorporated by reference to
                                    Exhibit 4(k) to the Registration Statement
                                    on Form N-4 (File No. 333-31131) filed on
                                    May 22, 1998.

                           (d)      Forms of Application used with the IRA, NQ
                                    and Fixed Annuity Markets, incorporated
                                    herein by reference to Exhibit No. 4(d) to
                                    the Statement on Form S-3 (File No.
                                    333-24009) filed on March 6, 1998.

                           (d)(i)   Form of Data Pages for Equitable Accumulator
                                    TSA, incorporated by reference to Exhibit
                                    No. 4(v) to the Registration Statement on
                                    Form N-4 (File No. 33-83750) filed on May
                                    22, 1998.

                           (e)      Form of Endorsement no. 95ENLCAI to contract
                                    no. 1050-94IC and data pages no. 94ICA/BLCA,
                                    incorporated herein by reference to Exhibit
                                    No. 4(e) to the Registration Statement on
                                    Form S-3 (File No.  333-24009) filed on
                                    March 6, 1998.

                           (e)(i)   Form of Endorsement Applicable to TSA
                                    Certificates, incorporated by reference to
                                    Exhibit 4(t) to the Registration Statement
                                    on Form N-4 (File No. 333-05593) filed on
                                    May 22, 1998.

                           (f)      Forms of Data Pages for Rollover IRA, IRA
                                    Assured Payment Option, IRA Assured Payment
                                    Option Plus, Accumulator, Assured Growth
                                    Plan, Assured Growth Plan (Flexible Income
                                    Program), Assured Payment Plan (Period
                                    Certain) and Assured Payment Plan (Life with
                                    a Period Certain), incorporated by reference
                                    to Exhibit 4(f) to the Registration
                                    Statement on Form S-3 (File No. 33-88456)
                                    filed August 31, 1995.

                           (f)(i)   Form of Enrollment Form/Application for
                                    Equitable Accumulator (IRA, NQ, QF and TSA),
                                    incorporated by reference to Exhibit No.
                                    5(f) to the Registration Statement on Form
                                    N-4 (File No. 333-05593) filed on May 22,
                                    1998.

                                      II-3

                  Exhibits No.
                           (g)      Forms of Data Pages for Rollover IRA, IRA
                                    Assured Payment Option, IRA Assured Payment
                                    Option Plus, Accumulator, Assured Growth
                                    Plan and Assured Payment Plan (Life Annuity
                                    with a Period Certain), incorporated by
                                    reference to Exhibit 4(g) to the
                                    Registration Statement on Form S-3 (File No.
                                    33-88456), filed on April 23, 1996.

                           (h)      Form of Separate Account Insulation
                                    Endorsement for the Endorsement Applicable
                                    to Market Value Adjustment Terms,
                                    incorporated by reference to Exhibit 4(h) to
                                    the Registration Statement on Form S-3 (File
                                    No. 33-88456), filed on April 23, 1996.

                           (i)      Forms of Guaranteed Minimum Income Benefit
                                    Endorsements (and applicable data page for
                                    Rollover IRA) for Endorsement Applicable to
                                    Market Value Adjustment Terms and for the
                                    Life Contingent Annuity Endorsement,
                                    incorporated by reference to Exhibit 4(i) to
                                    the Registration Statement on Form S-3 (File
                                    No. 33-88456), filed on April 23, 1996.

                           (j)      Forms of Enrollment Form/Application for
                                    Rollover IRA, Choice Income Plan, Assured
                                    Growth Plan, Accumulator and Assured Payment
                                    Plan, incorporated by reference to Exhibit
                                    4(j) to the Registration Statement on Form
                                    S-3 (File No. 33-88456), filed on April 23,
                                    1996.

                           (k)      Forms of Data Pages for the Accumulator,
                                    incorporated by reference to Exhibit 4(k) to
                                    the Registration Statement on Form S-3 (File
                                    No. 33-88456), filed June 7, 1996.

                           (l)      Forms of Data Pages for the Rollover IRA,
                                    incorporated by reference to Exhibit 4(l) to
                                    the Registration Statement on Form S-3 (File
                                    No. 33-88456), filed June 7, 1996.

                           (m)      Forms of Data Pages for the Accumulator and
                                    Rollover IRA, incorporated by reference to
                                    Exhibit 4(m) to the Registration Statement
                                    on Form S-3 (File No. 33-88456), filed
                                    October 9, 1996.

                           (n)      Forms of Data Pages for Accumulator and
                                    Rollover IRA, incorporated by reference to
                                    Exhibit 4(n) to the Registration Statement
                                    on Form S-3 (File No. 33-88456), filed
                                    October 16, 1996.

                           (o)      Forms of Data Pages for the Accumulator,
                                    Rollover IRA, Income Manager Accumulator,
                                    Income Manager Rollover IRA, Equitable
                                    Accumulator, Income Manager (IRA and NQ) and
                                    MVA Annuity (IRA and NQ), incorporated
                                    herein by reference to Exhibit No. 4(o) to
                                    the Registration Statement on Form S-3
                                    (File No. 333-24009) filed on April 30,
                                    1997.

                           (p)      Forms of Enrollment Form/Application for
                                    Income Manager Accumulator, Income Manager
                                    Rollover IRA, Equitable Accumulator, Income
                                    Manager (IRA and NQ) and MVA Annuity (IRA
                                    and NQ), incorporated herein by reference to
                                    Exhibit No. 4(p) to the Registration
                                    Statement on Form S-3 (File No. 333-24009)
                                    filed on April 30, 1997.

                           (q)      Forms of Data Pages for Equitable
                                    Accumulator Select (IRA) and Equitable
                                    Accumulator Select (NQ), incorporated herein
                                    by reference to Exhibit No. 4(q) to the
                                    Registration Statement on Form S-3 (File
                                    No. 333-24009) filed on September 18, 1997.

                           (r)      Forms of Enrollment Form/Application for
                                    Equitable Accumulator Select (IRA and NQ),
                                    incorporated herein by reference to Exhibit
                                    No. 4(r) to the Registration Statement on
                                    Form S-3 (File No. 333-24009) filed on
                                    September 18, 1997.

                           (s)      Form of Data Pages No. 94ICB and 94ICBMVA
                                    for Equitable Accumulator (IRA)
                                    Certificates, incorporated by reference to
                                    Exhibit 4(m) to the Registration Statement
                                    on  Form  N-4  (File  No. 33-83750) on
                                    February 27, 1998.

                           (t)      Form of Data Pages No. 94ICB and 94ICBMVA
                                    for Equitable Accumulator (NQ) Certificates,
                                    incorporated by reference to Exhibit 4(n) to
                                    the Registration Statement on Form N-4 (File
                                    No. 33-83750) on February 27, 1998.

                           (u)      Form of Data Pages No. 94ICB and 94ICBMVA
                                    for Equitable Accumulator (QP) Certificates,
                                    incorporated by reference to Exhibit 4(o) to
                                    the Registration Statement on Form N-4 (File
                                    No. 33-83750) on February 27, 1998.

                           (v)      Form of Data Pages No. 94ICB, 94ICBMVA and
                                    94ICBLCA for Assured Payment Option
                                    Certificates, incorporated by reference to
                                    Exhibit 4(p) to the Registration Statement
                                    on  Form  N-4  (File  No. 33-83750) on
                                    February 27, 1998.

                           (w)      Form of Data Pages No. 94ICB, 94ICBMVA and
                                    94ICBLCA for APO Plus Certificates,
                                    incorporated by reference to Exhibit 4(q) to
                                    the Registration Statement on Form N-4 (File
                                    No. 33-83750) on February 27, 1998.

                           (x)      Form of Endorsement applicable to Defined
                                    Benefit Qualified Plan Certificates No.
                                    98ENDQPI incorporated  by  reference  to
                                    Exhibit 4(r) to the Registration Statement
                                    on  Form  N-4  (File  No. 33-83750) on
                                    February 27, 1998.

                           (y)      Form of Endorsement applicable to
                                    Non-Qualified Certificates No. 98ENJONQI,
                                    incorporated by reference to Exhibit 4(s) to
                                    the Registration Statement on Form N-4 (File
                                    No. 33-83750) on February 27, 1998.

                           (z)      Form of Endorsement applicable to Charitable
                                    Remainder Trusts No. 97ENCRTI, incorporated
                                    by reference to Exhibit 4(t) to the
                                    Registration Statement on Form N-4 (File No.
                                    33-83750) on February 27, 1998.

                           (a)(a)   Form of Enrollment Form/Application No.
                                    126737 (5/98) for Equitable Accumulator
                                    (IRA, NQ and QP), incorporated by reference
                                    to Exhibit 5(e) to the Registration
                                    Statement on Form N-4 (File No. 33-83750)
                                    on February 27, 1998.

                           (b)(b)   Form of Endorsement for Extra Credit Annuity
                                    Form No. 98ECENDI and Data Pages 94ICA/B,
                                    incorporated herein by reference to Exhibit
                                    No. 4(j) to the Registration Statement
                                    File No. 333-64749 on Form N-4, filed
                                    September 30, 1998.

                           (c)(c)   Form of Endorsement for Extra Credit Annuity
                                    Form No.  98ECENDI  and Data Pages  94ICA/B,
                                    incorporated  herein by reference to Exhibit
                                    No. 4(k) to the Registration Statement
                                    File No. 333-64751 on Form N-4, filed
                                    September 30, 1998.

                           (d)(d)   Form of Endorsement applicable to Defined
                                    Contribution Qualified Plan Certificates No.
                                    97ENQPI and Data Pages 94ICA/B, incorporated
                                    herein by reference to Exhibit No. 4 (k) to
                                    the Registration Statement File No.
                                    333-64749 on Form N-4, filed September 30,
                                    1998.

                           (e)(e)   Form of Endorsement applicable to Defined
                                    Contribution Qualified Plan Certificates No.
                                    97ENQPI and Data Pages 94ICA/B, incorporated
                                    herein by reference to Exhibit No. 4(l) to
                                    the Registration Statement File No.
                                    333-64751 on Form N-4, filed September 30,
                                    1998.

                           (f)(f)   Form of Data Pages for Equitable Accumulator
                                    Express, incorporated herein by reference to
                                    Exhibit No. 4(h) to Registration Statement
                                    File No. 333-79379 on Form N-4, filed on May
                                    26, 1999.

                           (g)(g)   Form of Enrollment Form/Application for
                                    Equitable Accumulator Express, incorporated
                                    herein by reference to Exhibit No. 5 to
                                    Registration Statement File No. 333-79379 on
                                    Form N-4, filed on May 26, 1999.

                           (h)(h)   Form of Data Pages for new version of
                                    Equitable Accumulator, incorporated herein
                                    by reference to Exhibit 4(z) to Registration
                                    Statement File No. 333-05593 on Form N-4,
                                    filed on November 23, 1999.

                           (i)(i)   Form of Data Pages for new version of
                                    Equitable Accumulator, incorporated herein
                                    by reference to Exhibit 4(c)(c) to
                                    Registration Statement File No. 33-83750 on
                                    Form N-4, filed on December 3, 1999.

                           (j)(j)   Form of Endorsement (Form No. 2000
                                    ENRAI-IM) -- Beneficiary Continuation Option
                                    for use with IRA contracts incorporated
                                    herein by reference to Exhibit No. 4(j)(j)
                                    to the Registration Statement on Form S-3
                                    File No. 333-24009 filed on April 26, 2000.

                           (k)(k)   Form of data pages for Equitable Accumulator
                                    Select baseBUILDER incorporated herein by
                                    reference to Registration Statement File No.
                                    333-73121, filed on April 25, 2000.

                           (l)(l)   Form of Endorsement applicable to Roth IRA
                                    Contracts, Form No. 1M-ROTHBCO-1
                                    incorporated herein by reference to
                                    Registration Statement File No. 33-83750 on
                                    Form N-4, filed April 25, 2001.

                           (m)(m)   Revised Form of Endorsement applicable to
                                    IRA Certificates, Form 2000EN/RAI-IM
                                    incorporated herein by reference to
                                    Registration Statement File No. 33-83750 on
                                    Form N-4, filed April 25, 2001.

                           (n)(n)   Form of Endorsement applicable to
                                    Non-Qualified Certificates Form No. 99ENNQ-G
                                    incorporated herein by reference to
                                    Registration Statement File No. 33-83750 on
                                    Form N-4, filed April 25, 2001.

                           (o)(o)   Form of Optional Death Benefit Rider, Form
                                    No. 2000PPDB incorporated herein by
                                    reference to Registration Statement File No.
                                    33-83750 on Form N-4, filed April 25, 2001.

                           (p)(p)   Form of Data Pages for Equitable Accumulator
                                    incorporated herein by reference to Exhibit
                                    4(i)(i) to Registration Statement File No.
                                    33-83750 on Form N-4, filed April 25, 2001.

                           (r)(r)   Form of Data Pages for Equitable Accumulator
                                    Select incorporated herein by reference to
                                    Exhibit 4(v) to Registration Statement File
                                    No. 333-73121 on Form N-4, filed April 25,
                                    2001.

                           (s)(s)   Form of Data Pages for Equitable Accumulator
                                    Advisor incorporated herein by reference to
                                    Exhibit 4(l) to Registration Statement File
                                    No. 333-44996 on Form N-4, filed
                                    April 25, 2001.

                           (t)(t)   Form of Data Pages for Equitable Accumulator
                                    incorporated herein by reference to Exhibit
                                    4(f)(f) to Registration Statement File No.
                                    333-05593 on Form N-4, filed April 25, 2001.

                           (u)(u)   Form of Data Pages for Equitable Accumulator
                                    Select incorporated herein by reference to
                                    Exhibit 4(w) to Registration Statement File
                                    No. 333-31131 on Form N-4, filed
                                    April 25, 2001.

                           (w)(w)   Form of Data Pages for Equitable Accumulator
                                    Advisor incorporated herein by reference to
                                    Exhibit 4(m) to Registration Statement File
                                    No. 333-96177 on Form N-4, filed
                                    April 25, 2001.

                           (x)(x)   Form of Amendment to Certificate Form No.
                                    941CB, Form No. 2000 BENE-G incorporated
                                    herein by reference to Exhibit 4(j)(j) to
                                    Registration Statement File No. 33-83750 on
                                    Form N-4, filed April 25, 2001.

                           (y)(y)   Form of Endorsement applicable to
                                    Non-Qualified Certificates incorporated
                                    herein by reference to Exhibit 4(k)(k) to
                                    Registration Statement File No. 33-83750 on
                                    Form N-4, filed April 25, 2001.

                           (z)(z)   Form of Enrollment Form/Application for
                                    Equitable Accumulator Select II incorporated
                                    herein by reference to Exhibit 5(a) to
                                    Registration Statement File No. 811-07659
                                    (amendment No. 50) on Form N-4 filed on
                                    May 11, 2001.

                           (a)(b)   Form of Data Pages for Equitable Accumulator
                                    Select II (NQ) incorporated
                                    herein by reference to Exhibit 4(e) to
                                    Registration Statement File No. 811-07659
                                    (amendment No. 50) on Form N-4 filed on
                                    May 11, 2001.

                           (a)(c)   Form of Data Pages for Equitable Accumulator
                                    Select II (NQ) Certificates incorporated
                                    herein by reference to Exhibit 4(k) to
                                    Registration Statement File No. 811-08754
                                    (amendment No. 41) on Form N-4 filed on May
                                    22, 2001.

                           (a)(d)   Form of Enrollment Form/Application for
                                    Equitable Accumulator Select II incorporated
                                    herein by reference to Exhibit 5(a) to
                                    Registration Statement File No. 811-08754
                                    (amendment No. 41) on Form N-4 filed on May
                                    22, 2001.

                           (a)(e)   Form of Endorsement (No. 2002 NQBCO)
                                    applicable to non-qualified
                                    contract/certificates with beneficiary
                                    continuation option, incorporated herein by
                                    reference to Registration Statement File No.
                                    333-05593, filed on April 24, 2003.

                           (a)(f)   Form of Guaranteed Minimum Death Benefit
                                    Rider (No. 2002 GMDB-6% Rollup), annual
                                    ratchet to age 85, incorporated herein by
                                    reference to Registration Statement File No.
                                    333-05593, filed on April 24, 2003.

                           (a)(g)   Form of Guaranteed Minimum Death Benefit
                                    Rider (No. 2002 GMDB-6% Rollup), [6%] Rollup
                                    to age 85,incorporated herein by reference
                                    to Registration Statement File No.
                                    333-05593, filed on April 24, 2003.

                           (a)(h)   Form of Guaranteed Minimum Death Benefit
                                    Rider (No. 2002 GMDB-6% or AR) greater of
                                    [6%] Rollup to Age [85] GMDB or Annual
                                    Ratchet to age [85] GMDB, incorporated
                                    herein by reference to Registration
                                    Statement File No. 333-05593, filed on April
                                    24, 2003.

                          (a)(i)    Form of Guaranteed Minimum Income Benefit
                                    Rider (also known as the Living Benefit)
                                    (No. 2002 GMIB), incorporated herein by
                                    reference to Registration Statement File No.
                                    333-05593, filed on April 24, 2003.

                          (a)(j)    Form of Protection Plus Optional Death
                                    Benefit Rider (No. 2002 PPDB), incorporated
                                    herein by reference to Registration
                                    Statement File No. 333-05593, filed on April
                                    24, 2003.

                          (a)(k)    Form of Endorsement, Form No. 2002 DP
                                    (GIA/SEL), incorporated herein by reference
                                    to Registration Statement File No. 333-31131
                                    filed on April 24, 2003.

                          (a)(l)    Form of Data Pages for (No. 2003 DPSelect),
                                    incorporated by reference to Exhibit No.
                                    4(i)(i)(i) to Registration Statement File
                                    No. 333-31131, filed on May 8, 2003.

                          (a)(m)    Form of Data Pages (Inherited IRA) (No.
                                    2003 DPTOBCO-Select) incorporated by
                                    reference to Exhibit No. 4(j)(j)(j) to
                                    Registration Statement File No. 333-31131,
                                    filed on May 8, 2003.

                          (a)(n)    Form of Guaranteed Minimum Death Benefit
                                    ("GMDB") Rider (No. 2003 GMDB-RUorAR)
                                    incorporated by reference to Exhibit No.
                                    4(a)(i) to Registration Statement File No.
                                    333-05593, filed on May 8, 2003.

                          (a)(o)    Form of Guaranteed Minimum Death Benefit
                                    ("GMDB") Rider (No. 2003 GMDB-AR)
                                    incorporated by reference to Exhibit No.
                                    4(a)(j) to Registration Statement File No.
                                    333-05593, filed on May 8, 2003.

                          (a)(p)    Form of Guaranteed Minimum Income Benefit
                                    ("GMIB") Rider (No. 2003 GMIB)
                                    incorporated by reference to Exhibit No.
                                    4(a)(k) to Registration Statement File No.
                                    333-05593, filed on May 8, 2003.

                          (a)(q)    Form of Protection Plus Optional Death
                                    Benefit Rider (No. 2003 PPDB) incorporated
                                    by reference to Exhibit No. 4(a)(l) to
                                    Registration Statement File No. 333-05593,
                                    filed on May 8, 2003.

                          (a)(r)    Form of Enhanced Guaranteed Principal
                                    Benefit ("Enhanced GPB") Rider (No. 2003
                                    GPB) incorporated by reference to Exhibit
                                    No. 4(a)(m) to Registration Statement File
                                    No. 333-05593, filed on May 8, 2003.

                          (a)(s)    Form of Spousal Protection Rider (No. 2003
                                    SPPRO) incorporated by reference to Exhibit
                                    No. 4(a)(n) to Registration Statement File
                                    No. 333-05593, filed on May 8, 2003.

                          (a)(t)    Form of Data Pages (No. 2003 DPTOBCO)
                                    incorporated by reference to Exhibit No.
                                    4(a)(o) to Registration Statement File No.
                                    333-05593, filed on May 8, 2003.

                          (a)(u)    Form of Data Pages (No. 2003 DP)
                                    incorporated by reference to Exhibit No.
                                    4(a)(p) to Registration Statement File No.
                                    333-05593, filed on May 8, 2003.

                          (a)(v)    Form of Data Pages (No. 2003 DPCORE)
                                    incorporated by reference to Exhibit No.
                                    4(a)(q) to Registration Statement File No.
                                    333-05593, filed on May 8, 2003.

                          (a)(w)    Form of Data Pages (No. 2003 DPElite)
                                    incorporated by reference to Exhibit No.
                                    4(z)(z) to Registration Statement File No.
                                    333-60730, filed on May 8, 2003.

                          (a)(x)    Form of Data Pages (No. 2003 DPPlus)
                                    incorporated by reference to Exhibit No.
                                    4(c)(c)(c) to Registration Statement File
                                    No. 333-64749, filed on May 8, 2003.

                          (a)(y)    Form of Guaranteed Withdrawal Benefit
                                    ("GWB") Rider (No. 2004 GWB-A) incorporated
                                    by reference to Exhibit No. 4(a)(r) to
                                    Registration Statement File No. 333-05593,
                                    filed May 3, 2004.

                          (a)(z)    Form of Guaranteed Withdrawal Benefit
                                    ("GWB") Rider (No. 2004 GWB-B) incorporated
                                    by reference to Exhibit No. 4(a)(s) to
                                    Registration Statement File No. 333-05593,
                                    filed May 3, 2004.

                          (a)(z)(a) Form of Data Pages (2004DPGWB) incorporated
                                    by reference to Exhibit No. 4(a)(t) to
                                    Registration Statement File No. 333-05593,
                                    filed May 3, 2004.

                          (a)(z)(b) Form of Guaranteed Withdrawal Benefit
                                    ("GWB") Rider [also known as "Principal
                                    Protector"] (2004GWB-A (rev 2/05))
                                    incorporated by reference to Exhibit 4(a)(u)
                                    to Registration Statement (File No.
                                    333-05593) on Form N-4, Filed April 20,
                                    2005.

                          (a)(z)(c) Form of Guaranteed Withdrawal Benefit
                                    ("GWB") Rider [also known as "Principal
                                    Protector"] (2004GWB-B (rev 2/05))
                                    incorporated by reference to Exhibit 4(a)(v)
                                    to Registration Statement (File No.
                                    333-05593) on Form N-4, Filed April 20,
                                    2005.

                          (a)(z)(d) Form of Guaranteed Withdrawal Benefit
                                    ("GWB") Rider [also known as "Principal
                                    Protector"] (2004GWB-A1 (rev 2/05))
                                    incorporated by reference to Exhibit 4(a)(w)
                                    to Registration Statement (File No.
                                    333-05593) on Form N-4, Filed April 20,
                                    2005.

                          (a)(z)(e) Form of Guaranteed Withdrawal Benefit
                                    ("GWB") Rider [also known as "Principal
                                    Protector"] (2004GWB-B1 (rev 2/05))
                                    incorporated by reference to Exhibit 4(a)(x)
                                    to Registration Statement (File No.
                                    333-05593) on Form N-4, Filed April 20,
                                    2005.

                          (a)(z)(f) Form of Change of Ownership Endorsement
                                    (2004COO) incorporated by reference to
                                    Exhibit 4(a)(y) to Registration Statement
                                    (File No. 333-05593) on Form N-4, Filed
                                    April 20, 2005.

                          (a)(z)(g) Form of Endorsement Applicable to TSA
                                    Contracts (2004TSA) incorporated by
                                    reference to Exhibit 4(a)(z) to Registration
                                    Statement (File No. 333-05593) on Form N-4,
                                    Filed April 20, 2005.

                          (a)(z)(h) Form of Guaranteed Minimum Income Benefit
                                    ("GMIB") Rider (No. 2003 GMIB revised 11/05
                                    NLG) (also known as the Living Benefit)

                          (a)(z)(i) Form of Guaranteed Minimum Income Benefit
                                    ("GMIB") Rider (No. 2003 GMIB revised 11/05
                                    OPR) (also known as the Living Benefit)

                          (a)(z)(j) Form of Guaranteed Minimum Death Benefit
                                    ("GMDB") Rider (No. 2003 GMDB revised
                                    11/05 OPR) (Greater of 6% Roll up to Age
                                    85 GMDB or Annual Ratchet to Age 85 GMDB)

                          (a)(z)(k) Form of application for Accumulator(R)
                                    Select(SM), Form No. 2004 App 02,
                                    incorporated herein by reference to
                                    Exhibit 5.(j) to the Registration
                                    Statement on Form N-4 (File No. 333-31131),
                                    filed April 20, 2006.

                          (a)(z)(l) Form of application for Accumulator(R)
                                    Advisor(SM), Form No. 2004 App 02,
                                    incorporated herein by reference to
                                    Exhibit 5.(b) to the Registration
                                    Statement on Form N-4 (File No. 333-96177),
                                    filed April 20, 2006.

                          (a)(z)(m) Form of endorsement for Accumulator(R)
                                    Plus(SM), No. 2005TRBNS, incorporated
                                    herein by reference to Exhibit 4.(p)(p)(p)
                                    to the Registration Statement on Form N-4
                                    (File No. 333-64749), filed April 20, 2006.

                          (a)(z)(n) Form of application for Accumulator(R)
                                    Plus(SM), Form No. 2004 App 02,
                                    incorporated herein by reference to
                                    Exhibit 5.(d) to the Registration
                                    Statement on Form N-4 (File No. 333-64749),
                                    filed April 20, 2006.

                          (a)(z)(o) Form of application for Accumulator(R)
                                    Elite(SM), Form No. 2004 App 02,
                                    incorporated herein by reference to
                                    Exhibit 5.(d) to the Registration
                                    Statement on Form N-4 (File No. 333-60730),
                                    filed April 20, 2006.

                          (a)(z)(p) Revisions to 2005IML-I, 2005IML, and
                                    2005IML DP, incorporated herein by
                                    reference to Exhibit 4.(h) to the
                                    Registration Statement on Form N-4
                                    (File No. 333-127445), filed April 20, 2006.

                          (a)(z)(q) Form of application for Accumulator(R),
                                    Form No. 2004 App 02, incorporated herein
                                    by reference to Exhibit 5.(l) to the
                                    Registration Statement on Form N-4
                                    (File No. 333-05593), filed April 20, 2006.

                                      II-4


                          (a)(i)    Participation Agreement among EQ Advisors
                                    Trust, The Equitable Life Assurance Society
                                    of the United States, Equitable
                                    Distributors, Inc., and EQ Financial
                                    Consultants, Inc. (now AXA Advisors, LLC),
                                    dated as of the 14th day of April 1997,
                                    incorporated by reference to the
                                    Registration Statement of EQ Advisors Trust
                                    (File No. 333-17217) on Form N-1A filed
                                    August 28, 1997.

                          (a)(ii)   Form of Participation Agreement among EQ
                                    Advisors Trust, Equitable, AXA Distributors
                                    LLC and AXA Advisors, LLC, incorporated
                                    herein by reference to Exhibit 23.
                                    (h)(4)(ix) to Post-Effective Amendment No.
                                    27 to Registration Statement on Form N-1A to
                                    the Registration Statement of EQ Advisors
                                    Trust on Form N-1A (File Nos. 333-17217 and
                                    811-07953), filed on January 15, 2004.


                          (b)       Form of Participation Agreement among AXA
                                    Premier VIP Trust, Equitable Distributors,
                                    Inc., AXA Distributors, LLC, and AXA
                                    Advisors, LLC, previously filed with this
                                    Registration Statement File No. 333-58950 on
                                    December 5, 2001.

                          (c)       Form of Participation Agreement among The
                                    Equitable Life Assurance Society of the
                                    United States, The Universal Institutional
                                    Funds, Inc. and Morgan Stanley Investment
                                    Management Inc., incorporated herein by
                                    reference to Exhibit No. 1-A(9)(d) to
                                    Registration Statement on Form S-6, File No.
                                    333-17641, filed on October 8, 2002.

                          (d)       Form of Participation Agreement among BARR
                                    Rosenberg Variable Insurance Trust, BARR
                                    ROSENBERG FUNDS DISTRIBUTOR, INC., AXA
                                    ROSENBERG INVESTMENT MANAGEMENT LLC, and the
                                    Equitable Life Assurance Company of the
                                    United States, previously filed with this
                                    Registration Statement, File No. 33-58950 on
                                    Form N-4, on August 5, 2003.


                                      II-5




                  Exhibits No.

                  (5)      (a)      Opinion and Consent of Robin Wagner, Vice
                                    President and Counsel, as to the legality
                                    of the securities being offered, previously
                                    filed with this Registration Statement File
                                    No. 333-104713 on April 23, 2003.

                           (b)      Opinion and Consent of Dodie Kent, Esq.,
                                    Vice President and Counsel of Equitable, as
                                    to the legality of the securities being
                                    registered, previously filed with this
                                    Registration Statement No. 333-104713 on
                                    April 20, 2006.

                           (c)      Copy of the Internal Revenue Service
                                    determination letter regarding qualification
                                    under Section 401 of the Internal Revenue
                                    Code, incorporated by reference to Exhibit
                                    5(b) to the Registration Statement on Form
                                    S-3 (File No. 33-88456), filed August 31,
                                    1995.

                           (d)      Opinion and Consent of Dodie Kent, Esq.,
                                    Vice President and Associate General Counsel
                                    of AXA Equitable, as to the legality of the
                                    securities being registered.

                           (e)      Letter regarding change in certifying
                                    accountant by KPMG, dated March 13, 2006,
                                    incorporated herein by reference to
                                    Exhibit No. 16.1 to Form 8-K (File No. 000-
                                    20501) filed on March 13, 2006.

                  (23)     (a)(i)   Consent of PricewaterhouseCoopers LLP.

                           (a)(ii)  Consent of KPMG LLP.

                           (b)      Consent of Counsel. See Exhibit 5(b).

                           (c)      Consent of Counsel. See Exhibit 5(d).

                  (24)     (a)      Powers of Attorney incorporated herein by
                                    reference to Exhibit No. 23(c) to the
                                    Registration Statement (File No. 333-24009)
                                    filed on April 26, 2000.

                           (b)      Powers of Attorney, incorporated herein by
                                    reference to Exhibit No. 7(a) to
                                    Registration Statement on Form S-6, File No.
                                    333-17663, filed on April 28, 2000.

                           (c)      Powers of Attorney, incorporated herein by
                                    reference to Exhibit No. 27(n)(iii) to
                                    Registration Statement on Form N-6, File No.
                                    333-103199, filed on April 4, 2003.

                           (d)      Powers of Attorney, incorporated herein
                                    by reference to Exhibit 10.(a) Registration
                                    Statement File No. 2-30070 on Form N-4,
                                    filed on April 19, 2004.

                           (e)      Powers of Attorney, incorporated herein by
                                    reference to Exhibit 10.(d) to Registration
                                    Statement File No. 333-05593 on Form N-4,
                                    filed on August 4, 2004.

                           (f)      Powers of Attorney, incorporated herein by
                                    reference to Exhibit 10.(f) to Registration
                                    Statement File No. 333-05593 on Form N-4,
                                    filed on April 20, 2005.



                           (g)      Powers of Attorney, incorporated herein by
                                    reference to Exhibit 10.(g) to Registration
                                    Statement File No. 333-05593 on Form N-4,
                                    filed on October 14, 2005.

                           (h)      Power of Attorney for Alvin H. Fenichel
                                    dated October 19, 2005 incorporated herein
                                    by reference to Exhibit 10.(c) to
                                    Registration Statement File No. 333-127445
                                    on Form N-4, filed on November 16, 2005.

                           (i)      Powers of Attorney, previously filed with
                                    this Registration Statement No. 333-104713
                                    on April 20, 2006.

                           (j)      Powers of Attorney.

                                      II-6



ITEM 17.          UNDERTAKINGS

                  (a)      The undersigned registrant hereby undertakes:

                           (1) To file, during any period in which offers or
                               sales are being made, a post-effective amendment
                               to this registration statement:

                                     (i)    to include any prospectus required
                                            by section 10(a)(3) of the
                                            Securities Act of 1933;

                                     (ii)   to reflect in the prospectus any
                                            facts or events arising after the
                                            effective date of the registration
                                            statement (or the most recent
                                            post-effective amendment thereof)
                                            which, individually or in the
                                            aggregate represent a fundamental
                                            change in the information set forth
                                            in the registration statement.
                                            Notwithstanding the foregoing, any
                                            increase or decrease in volume of
                                            securities offered (if the total
                                            dollar value of securities offered
                                            would not exceed that which was
                                            registered) and any deviation from
                                            the low or high end of the estimated
                                            maximum offering range may be
                                            reflected in the form of prospectus
                                            filed with the Commission pursuant
                                            to Rule 424(b) if, in the aggregate,
                                            the changes in volume and price
                                            represent no more than 20% change in
                                            the maximum aggregate offering price
                                            set forth in the "Calculation of
                                            Registration Fee" table in the
                                            effective registration statement;

                                    (iii)   to include any material information
                                            with respect to the plan of
                                            distribution not previously
                                            disclosed in the registration
                                            statement or any material change to
                                            such information in the registration
                                            statement;

                  provided, however, that paragraphs (a)(1)(i), (a)(1)(ii) and
                  (a)(1)(iii) do not apply if the information required to be
                  included in a post-effective amendment by those paragraphs is
                  contained in periodic reports filed with or furnished to the
                  Commission by the registrant pursuant to Section 13 or 15(d)
                  of the Securities Act of 1934 that are incorporated by
                  reference in the registration statement, or is contained in a
                  form of prospectus filed pursuant to Rule 424(b) that is part
                  of this Registration Statement.

                           (2)      That, for the purpose of determining any
                                    liability under the Securities Act of 1933,
                                    each such post-effective amendment shall be
                                    deemed to be a new registration statement
                                    relating to the securities offered therein,
                                    and the offering of such securities at that
                                    time shall be deemed to be the initial bona
                                    fide offering thereof.

                           (3)      To remove from registration by means of a
                                    post-effective amendment any of the
                                    securities being registered which remain
                                    unsold at the termination of the offering.

                           (4)      That, for the purpose of determining
                                    liability under the Securities Act of 1933
                                    to any purchaser, each prospectus filed
                                    pursuant to Rule 424(b) as part of a
                                    registration statement relating to an
                                    offering, other than registration statements
                                    relying on Rule 430B or other than
                                    prospectuses filed in reliance on Rule 430A,
                                    shall be deemed to be part of and included
                                    in the registration statement as of the date
                                    it is first used after effectiveness.
                                    Provided, however, that no statement made in
                                    a registration statement or prospectus that
                                    is part of the registration statement or
                                    made in a document incorporated or deemed
                                    incorporated by reference into the
                                    registration statement or prospectus that is
                                    part of the registration statement will, as
                                    to a purchaser with a time of contract of
                                    sale prior to such first use, supersede or
                                    modify any statement that was made in the
                                    registration statement or prospectus that
                                    was part of the registration statement or
                                    made in any such document immediately prior
                                    to such date of first use.

                           (5)      That, for the purpose of determining
                                    liability of the Registrant under the
                                    Securities Act of 1933 to any purchaser in
                                    the initial distribution of the securities:
                                    The undersigned Registrant undertakes that
                                    in a primary offering of securities of the
                                    undersigned Registrant pursuant to this
                                    registration statement, regardless of the
                                    underwriting method used to sell the
                                    securities to the purchaser, if the
                                    securities are offered or sold to such
                                    purchaser by means of any of the following
                                    communications, the undersigned Registrant
                                    will be a seller to the purchaser and will
                                    be considered to offer or sell such
                                    securities to such purchaser: (i) Any
                                    preliminary prospectus or prospectus of the
                                    undersigned Registrant relating to the
                                    offering required to be filed pursuant to
                                    Rule 424; (ii) Any free writing prospectus
                                    relating to the offering prepared by or on
                                    behalf of the undersigned Registrant or used
                                    or referred to by the undersigned
                                    Registrant; (iii) The portion of any other
                                    free writing prospectus relating to the
                                    offering containing material information
                                    about the undersigned Registrant or its
                                    securities provided by or on behalf of the
                                    undersigned Registrant; and (iv) Any other
                                    communication that is an offer in the
                                    offering made by the undersigned Registrant
                                    to the purchaser.

                  (b) The undersigned registrant hereby undertakes that, for
                  purposes of determining any liability under the Securities Act
                  of 1933, each filing of the registrant's annual report
                  pursuant to Section 13(a) or 15(d) of the Securities Exchange
                  Act of 1934 that is incorporated by reference in the
                  registration statement shall be deemed to be a new
                  registration statement relating to the securities offered
                  therein, and the offering of such securities at that time
                  shall be deemed to be the initial bona fide offering thereof.

                                      II-7



                  (c) Insofar as indemnification for liabilities arising under
                  the Securities Act of 1933 may be permitted to directors,
                  officers and controlling persons of the registrant pursuant to
                  the foregoing provisions, or otherwise, the registrant has
                  been advised that in the opinion of the Securities and
                  Exchange Commission such indemnification is against public
                  policy as expressed in the Act and is, therefore,
                  unenforceable. In the event that a claim for indemnification
                  against such liabilities (other than the payment by the
                  registrant of expenses incurred or paid by a director, officer
                  or controlling person of the registrant in the successful
                  defense of any action, suit or proceeding) is asserted by such
                  director, officer or controlling person in connection with the
                  securities being registered, the registrant will, unless in
                  the opinion of its counsel the matter has been settled by
                  controlling precedent, submit to a court of appropriate
                  jurisdiction the question whether such indemnification by it
                  is against public policy as expressed in the Act and will be
                  governed by the final adjudication of such issue.

                                      II-8



                                   SIGNATURES


         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-1 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City and State of New York, on this 26th day of April, 2007.

                           AXA EQUITABLE LIFE INSURANCE COMPANY
                                  (Registrant)

                           By: /s/ Dodie Kent
                                   ------------------
                                   Dodie Kent
                                   Vice President and Associate General Counsel
                                   AXA Equitable Life Insurance Company


         As required by the Securities Act of 1933, this amendment to the
Registration Statement has been signed by the following persons in the
capacities and on the date indicated:

PRINCIPAL EXECUTIVE OFFICERS:

*Christopher M. Condron                    Chairman of the Board, President,
                                           Chief Executive Officer and Director

PRINCIPAL FINANCIAL OFFICER:

*Richard Dziadzio                          Executive Vice President and
                                           Chief Financial Officer

PRINCIPAL ACCOUNTING OFFICER:

*Alvin H. Fenichel                         Senior Vice President and Controller


*DIRECTORS:

Bruce W. Calvert               Mary R. (Nina) Henderson     Joseph H. Moglia
Christopher M. Condron         Anthony Hamilton             Lorie A. Slutsky
Henri de Castries              James F. Higgins             Ezra Suleiman
Denis Duverne                  Scott D. Miller              Peter J. Tobin
Charlynn Goins


*By: /s/ Dodie Kent
     ------------------------
     Dodie Kent
     Attorney-in-Fact

April 26, 2007



                                  EXHIBIT INDEX

EXHIBIT NO.                                                     TAG VALUE

5(d)           Opinion and Consent of Counsel                   EX-5.d


23(a)(i)       Consent of PricewaterhouseCoopers LLP            EX-23.ai


23(a)(ii)      Consent of KPMG LLP                              EX-23.aii


24(j)          Powers of Attorney                               EX-24.j